<SEC-DOCUMENT>0001554855-24-000158.txt : 20240318
<SEC-HEADER>0001554855-24-000158.hdr.sgml : 20240318
<ACCEPTANCE-DATETIME>20240315204905
ACCESSION NUMBER:		0001554855-24-000158
CONFORMED SUBMISSION TYPE:	6-K
PUBLIC DOCUMENT COUNT:		6
CONFORMED PERIOD OF REPORT:	20240315
FILED AS OF DATE:		20240318
DATE AS OF CHANGE:		20240315

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			ULTRAPAR HOLDINGS INC
		CENTRAL INDEX KEY:			0001094972
		STANDARD INDUSTRIAL CLASSIFICATION:	NATURAL GAS DISTRIBUTION [4924]
		ORGANIZATION NAME:           	01 Energy & Transportation
		IRS NUMBER:				000000000
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		6-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-14950
		FILM NUMBER:		24756708

	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>
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<p style="margin: 0pt; text-align: center;"><font style="font-size: 12.5pt; font-weight: bold; line-height: inherit;">UNITED STATES</font></p>
<p style="margin: 0pt; text-align: center;"><font style="font-size: 12.5pt; font-weight: bold; line-height: inherit;">SECURITIES AND EXCHANGE COMMISSION</font></p>
<p style="margin: 0pt; text-align: center;"><font style="font-size: 12.5pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: center;"><font style="font-size: 12.5pt; font-weight: bold; line-height: inherit;">Washington, D.C. 20549</font></p>
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<p style="margin: 0pt; text-align: center;"><font style="font-size: 15pt; font-weight: bold; line-height: inherit;">Form 6-K</font></p>










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<p style="margin: 0pt; text-align: center;"><font style="font-size: 12.5pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: center;"><font style="font-size: 12.5pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: center;"><font style="font-size: 12.5pt; font-weight: bold; line-height: inherit;">Report </font><font style="font-size: 12.5pt; font-weight: bold; line-height: inherit;">o</font><font style="font-size: 12.5pt; font-weight: bold; line-height: inherit;">f Foreign Private Issuer</font></p>
<p style="margin: 0pt; text-align: center;"><font style="font-size: 12.5pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: center;"><font style="font-size: 12.5pt; font-weight: bold; line-height: inherit;">Pursuant </font><font style="font-size: 12.5pt; font-weight: bold; line-height: inherit;">t</font><font style="font-size: 12.5pt; font-weight: bold; line-height: inherit;">o Rule 13a-16 Or 15d-16 Of</font></p>
<p style="margin: 0pt; text-align: center;"><font style="font-size: 12.5pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: center;"><font style="font-size: 12.5pt; font-weight: bold; line-height: inherit;">The Securities Exchange Act Of 1934</font></p>
<p style="margin: 0pt; text-align: center;"><font style="font-size: 9pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: center;"><font style="font-size: 10pt; line-height: inherit;">For the month of March 2024</font></p>
<p style="margin: 0pt; text-align: center;"><font style="font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: center;"><font style="font-size: 10pt; line-height: inherit;">Commission File Number: 001-14950</font></p>
<p style="margin: 0pt; text-align: center;"><font style="font-size: 14.5pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: center;"><font style="font-size: 14.5pt; font-weight: bold; line-height: inherit;">ULTRAPAR HOLDINGS INC.</font></p>
<p style="border-bottom-color: #000000; border-bottom-width: 0.5pt; margin: 0pt; padding-bottom: 1pt; text-align: center;"><font style="font-size: 10pt; line-height: inherit;">(Translation of Registrant&#8217;s Name into English)</font></p>
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<p style="margin: 0pt; text-align: center;"><font style="font-size: 9pt; line-height: inherit;"><font style="font-weight: bold; line-height: inherit;">Brigadeiro Luis </font><font style="font-weight: bold; line-height: inherit;">Antonio</font><font style="font-weight: bold; line-height: inherit;"> Avenue</font><font style="font-weight: bold; line-height: inherit;">, 1343, 9<sup>th</sup></font>&nbsp;<font style="font-weight: bold; line-height: inherit;">Floor</font></font></p>
<p style="margin: 0pt; text-align: center;"><font style="font-size: 9pt; font-weight: bold; line-height: inherit;">S&#227;o Paulo, SP, Brazil 01317-910</font></p>
<p style="border-bottom-color: #000000; border-bottom-width: 0.5pt; margin: 0pt; padding-bottom: 1pt; text-align: center;"><font style="font-size: 9pt; line-height: inherit;">(Address of Principal Executive Offices)</font></p>
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<p style="margin: 0pt; text-align: center;"><font style="font-size: 9pt; line-height: inherit;">Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F:</font><font style="font-size: 8pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: center;"><font style="font-size: 9pt; line-height: inherit;">Form 20-F </font><font style="font-size: 9pt; line-height: inherit;">____</font><font style="font-size: 9pt; text-decoration: underline; line-height: inherit;">X</font><font style="font-size: 9pt; line-height: inherit;">____</font> <font style="font-size: 9pt; line-height: inherit;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font style="font-size: 9pt; line-height: inherit;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font style="font-size: 9pt; line-height: inherit;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font style="font-size: 9pt; line-height: inherit;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font style="font-size: 9pt; line-height: inherit;">Form 40-F</font><font style="font-size: 9pt; line-height: inherit;"> ________</font></p>
<p style="margin: 0pt; text-align: center;"><font style="font-size: 9pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: center;"><font style="font-size: 9pt; line-height: inherit;">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-size: 9pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: center;"><font style="font-size: 9pt; line-height: inherit;">Yes </font><font style="font-size: 9pt; line-height: inherit;">________ </font><font style="font-size: 9pt; line-height: inherit;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font style="font-size: 9pt; line-height: inherit;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font style="font-size: 9pt; line-height: inherit;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font style="font-size: 9pt; line-height: inherit;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font style="font-size: 9pt; line-height: inherit;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font style="font-size: 9pt; line-height: inherit;">No </font><font style="font-size: 9pt; line-height: inherit;">____</font><font style="font-size: 9pt; text-decoration: underline; line-height: inherit;">X</font><font style="font-size: 9pt; text-decoration: underline; line-height: inherit;">____</font></p>
<p style="margin: 0pt; text-align: center;"><font style="font-size: 9pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: center;"><font style="font-size: 9pt; line-height: inherit;">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-size: 8pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: center;"><font style="font-size: 9pt; line-height: inherit;">Yes </font><font style="font-size: 9pt; line-height: inherit;">________ </font><font style="font-size: 9pt; line-height: inherit;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font style="font-size: 9pt; line-height: inherit;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font style="font-size: 9pt; line-height: inherit;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font style="font-size: 9pt; line-height: inherit;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font style="font-size: 9pt; line-height: inherit;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font style="font-size: 9pt; line-height: inherit;">No </font><font style="font-size: 9pt; line-height: inherit;">____</font><font style="font-size: 9pt; text-decoration: underline; line-height: inherit;">X</font><font style="font-size: 9pt; text-decoration: underline; line-height: inherit;">____</font></p>
<p style="font-size: 9pt; line-height: 115%; margin: 0pt 0pt 10pt; text-align: center;"><font style="font-size: 9pt; line-height: inherit;">&nbsp;</font></p>










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<p style="font-size: 11pt; line-height: 1.2; margin: 0px; text-indent: 0px; text-align: left;"><font style="font-family: Calibri; font-size: 11pt; line-height: inherit;">&nbsp;</font><font style="font-family: Calibri; font-size: 11pt; line-height: inherit;">&nbsp;</font></p>










  </div><p align="center" style="text-align: center; margin: 0in 0in 10pt; line-height: 115%; font-size: 11pt; font-family: Calibri, sans-serif;"><b><font style="font-size: 13.0pt; line-height: 115%; font-family: 'Century Gothic',sans-serif; mso-bidi-font-family: '26nbvtokfgfhjcu\,Bold'; mso-ansi-language: EN-US;">ULTRAPAR
HOLDINGS INC.</font></b></p>
<p align="center" style="text-align: center; margin: 0in 0in 10pt; line-height: 115%; font-size: 11pt; font-family: Calibri, sans-serif;"><b><font style="font-size: 13.0pt; line-height: 115%; font-family: 'Century Gothic',sans-serif; mso-bidi-font-family: '26nbvtokfgfhjcu\,Bold'; mso-ansi-language: EN-US;">TABLE OF
CONTENTS</font></b></p>
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<h4 style="vertical-align: middle; text-align: left; margin: 0px; text-indent: 0px;"><font style="text-decoration: underline;">ITEM</font></h4>


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<td style="width: 99.7549%; height: 17px; padding: 0px 0px 0px 15px;"><a href="#Bsmm_52202415121118">1.  Shareholders&#8217; Meeting Manual</a></td>


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<td style="width: 99.7549%; height: 17px; padding: 0px 0px 0px 15px;"><a href="#Baaa6_162202461257571">2.  Remote voting form &#8211; Annual General Shareholders&#8217; Meeting</a></td>


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<td style="width: 99.7549%; height: 17px; padding: 0px 0px 0px 15px;"><a href="#Begm1_152202423421372">3.  Remote voting form &#8211; Extraordinary Shareholders&#8217; Meeting</a></td>


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<br></div><div style="font-family: 'times new roman', times; font-size: 10pt;"><br></div>
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<div style="font-family: 'times new roman', times; font-size: 10pt; margin: 0px; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 11pt;"><img src="img36ec87e12e0a4e4ebfea.jpg" style="display: block; margin-left: auto; margin-right: auto;" alt="Graphics"></font><br></div>
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<p style="font-size: 11pt; line-height: 108%; margin: 0pt 0pt 8pt;"><font style="font-family: 'Century Gothic'; font-size: 11pt;">&nbsp;</font></p>
<div style="font-size: 20pt; line-height: 108%; margin: 0pt 0pt 8pt; text-align: center;"><a style="text-decoration: none; color: #000000; cursor: default; outline: none; pointer-events: none;" href="#TOC" name="Bsmm_52202415121118" class="customBookmark"><font style="color: #002658; font-family: 'Century Gothic'; font-size: 20pt; font-weight: bold;">Shareholders&#8217; </font><font style="color: #002658; font-family: 'Century Gothic'; font-size: 20pt; font-weight: bold;">M</font><font style="color: #002658; font-family: 'Century Gothic'; font-size: 20pt; font-weight: bold;">eeting </font><font style="color: #002658; font-family: 'Century Gothic'; font-size: 20pt; font-weight: bold;">M</font><font style="color: #002658; font-family: 'Century Gothic'; font-size: 20pt; font-weight: bold;">anual</font></a></div>
<p style="font-size: 20pt; line-height: 108%; margin: 0pt 0pt 8pt; text-align: center;"><font style="color: #002658; font-family: 'Century Gothic'; font-size: 20pt; font-weight: bold;">&nbsp;</font></p>
<div style="font-size: 20pt; line-height: 108%; margin: 0pt 0pt 8pt; text-align: center;"><font style="color: #002658; font-family: 'Century Gothic'; font-size: 20pt; font-weight: bold;">Annual and Extraordinary General Shareholders&#8217; Meeting</font></div>
<div style="font-size: 16pt; line-height: 108%; margin: 0pt 0pt 8pt; text-align: center;"><font style="color: #002658; font-family: 'Century Gothic'; font-size: 16pt; font-weight: bold;">of April</font><font style="color: #002658; font-family: 'Century Gothic'; font-size: 16pt; font-weight: bold;"> 1</font><font style="color: #002658; font-family: 'Century Gothic'; font-size: 16pt; font-weight: bold;">7</font><font style="color: #002658; font-family: 'Century Gothic'; font-size: 16pt; font-weight: bold;">,</font><font style="color: #002658; font-family: 'Century Gothic'; font-size: 16pt; font-weight: bold;"> 202</font><font style="color: #002658; font-family: 'Century Gothic'; font-size: 16pt; font-weight: bold;">4</font></div>
<p style="font-size: 10pt; line-height: 108%; margin: 0pt 0pt 8pt; text-align: center;"><font style="font-family: 'Century Gothic'; font-size: 10pt; font-weight: bold;">Digital-only meeting</font></p>
<p style="font-size: 16pt; line-height: 108%; margin: 0pt 0pt 8pt; text-align: center;"><font style="color: #002658; font-family: 'Century Gothic'; font-size: 16pt; font-weight: bold;">&nbsp;</font><br></p>






















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<td style="width: 93.0148%; height: 17px; vertical-align: top; padding: 0px 0px 4px;" valign="top"><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="text-align: center; margin: 0px; text-indent: 0px;"><br></h4>



















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<td style="width: 6.74024%; text-align: center; height: 17px; vertical-align: top; padding: 0px 0px 4px; border-image: initial; border-width: 1pt; border-color: #000000 !important; border-style: solid;" valign="top"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">1</font></td>
<td style="width: 93.0148%; height: 17px; vertical-align: top; padding: 0px 0px 4px 4px; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important; border-right-width: 1pt; border-right-style: solid; border-right-color: #000000 !important;" valign="top"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"><a href="#Bmfc_5220241540791">Message from the Chairman of the Board of Directors</a></font></td>









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<td style="width: 6.74024%; text-align: center; height: 17px; vertical-align: top; padding: 0px 0px 4px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important; border-right-width: 1pt; border-right-style: solid; border-right-color: #000000 !important; border-left-width: 1pt; border-left-style: solid; border-left-color: #000000 !important;" valign="top"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">2</font></td>
<td style="width: 93.0148%; height: 17px; vertical-align: top; padding: 0px 0px 4px 4px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important; border-right-width: 1pt; border-right-style: solid; border-right-color: #000000 !important;" valign="top"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"><a href="#Bil_52202415535926">Invitation letter</a></font></td>









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<td style="width: 6.74024%; text-align: center; height: 17px; vertical-align: top; padding: 0px 0px 4px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important; border-right-width: 1pt; border-right-style: solid; border-right-color: #000000 !important; border-left-width: 1pt; border-left-style: solid; border-left-color: #000000 !important;" valign="top"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">3</font></td>
<td style="width: 93.0148%; height: 17px; vertical-align: top; padding: 0px 0px 4px 4px; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important; border-right-width: 1pt; border-right-style: solid; border-right-color: #000000 !important;" valign="top"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"><a href="#BRN1_822024112338734">Call notice</a></font></td>









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<td style="width: 6.74024%; text-align: center; height: 17px; vertical-align: top; padding: 0px 0px 4px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important; border-right-width: 1pt; border-right-style: solid; border-right-color: #000000 !important; border-left-width: 1pt; border-left-style: solid; border-left-color: #000000 !important;" 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: bold; letter-spacing: normal; orphans: 2; text-align: center; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">7</font></td>
<td style="width: 93.0148%; height: 17px; vertical-align: top; padding: 0px 0px 4px 4px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important; border-right-width: 1pt; border-right-style: solid; border-right-color: #000000 !important;" valign="top"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"><a href="#B1_422024233347279">Additional procedures</a></font></td>









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<td style="width: 6.74024%; text-align: center; height: 17px; vertical-align: top; padding: 0px 0px 4px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important; border-right-width: 1pt; border-right-style: solid; border-right-color: #000000 !important; border-left-width: 1pt; border-left-style: solid; border-left-color: #000000 !important;" 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: bold; letter-spacing: normal; orphans: 2; text-align: center; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">9</font></td>
<td style="width: 93.0148%; height: 17px; vertical-align: top; padding: 0px 0px 4px 4px; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important; border-right-width: 1pt; border-right-style: solid; border-right-color: #000000 !important;" valign="top"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"><a href="#BSD_1_822024112341817">Management proposal for matters to be discussed in the Annual and Extraordinary General Shareholders&#8217; Meeting, including:</a></font></td>









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<td style="width: 6.74024%; text-align: center; height: 17px; vertical-align: top; padding: 0px 0px 4px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important; border-right-width: 1pt; border-right-style: solid; border-right-color: #000000 !important; border-left-width: 1pt; border-left-style: solid; border-left-color: #000000 !important;" 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: bold; letter-spacing: normal; orphans: 2; text-align: center; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">12</font></td>
<td style="width: 93.0148%; height: 17px; vertical-align: top; padding: 0px 0px 4px 15px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important; border-right-width: 1pt; border-right-style: solid; border-right-color: #000000 !important;" valign="top"><font style="font-family: 'times new roman', times; font-size: 10pt;"><a href="#Bex1_922024694894">Exhibit I &#8211; Report on the source and rationale for the proposed amendments to the Bylaws of Ultrapar Participa&#231;&#245;es S.A.</a></font></td>









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<td style="width: 6.74024%; text-align: center; height: 17px; vertical-align: top; padding: 0px 0px 4px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important; border-right-width: 1pt; border-right-style: solid; border-right-color: #000000 !important; border-left-width: 1pt; border-left-style: solid; border-left-color: #000000 !important;" 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: bold; letter-spacing: normal; orphans: 2; text-align: center; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">52</font><br></td>
<td style="width: 93.0148%; height: 17px; vertical-align: top; padding: 0px 0px 4px 15px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important; border-right-width: 1pt; border-right-style: solid; border-right-color: #000000 !important;" valign="top"><font style="font-family: 'times new roman', times; font-size: 10pt;"><a href="#Bexii_5220242115548">Exhibit II &#8211; Financial statements referring to the fiscal year ended on December 31, 2023, including (i) the Management Report of the fiscal year ended on December 31, 2023; (ii) Report from our Independent Auditors and (iii) Opinion from our Fiscal Council</a></font></td>









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<td style="width: 6.74024%; text-align: center; height: 34px; vertical-align: top; padding: 0px 0px 4px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important; border-right-width: 1pt; border-right-style: solid; border-right-color: #000000 !important; border-left-width: 1pt; border-left-style: solid; border-left-color: #000000 !important;" 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: bold; letter-spacing: normal; orphans: 2; text-align: center; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">53</font></td>
<td style="width: 93.0148%; height: 34px; vertical-align: top; padding: 0px 0px 4px 15px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important; border-right-width: 1pt; border-right-style: solid; border-right-color: #000000 !important;" 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; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;"><a href="#BExhibit_III_122202415284627">Exhibit III &#8211; Management discussion and analysis on the financial conditions of the Company, under the terms of item 2 of the Reference Form</a></font></td>









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<td style="width: 6.74024%; text-align: center; height: 17px; vertical-align: top; padding: 0px 0px 4px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important; border-right-width: 1pt; border-right-style: solid; border-right-color: #000000 !important; border-left-width: 1pt; border-left-style: solid; border-left-color: #000000 !important;" 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: bold; letter-spacing: normal; orphans: 2; text-align: center; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">71</font></td>
<td style="width: 93.0148%; height: 17px; vertical-align: top; padding: 0px 0px 4px 15px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important; border-right-width: 1pt; border-right-style: solid; border-right-color: #000000 !important;" valign="top"><font style="font-family: 'times new roman', times; font-size: 10pt;"><a href="#BEXIV_822024195118553">Exhibit IV &#8211; Allocation of net income proposal for the fiscal year, pursuant to Annex A of CVM Resolution 81/22</a></font></td>









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<td style="width: 6.74024%; text-align: center; height: 34px; vertical-align: top; padding: 0px 0px 4px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important; border-right-width: 1pt; border-right-style: solid; border-right-color: #000000 !important; border-left-width: 1pt; border-left-style: solid; border-left-color: #000000 !important;" 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: bold; letter-spacing: normal; orphans: 2; text-align: center; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">74</font></td>
<td style="width: 93.0148%; height: 17px; vertical-align: top; padding: 0px 0px 4px 15px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important; border-right-width: 1pt; border-right-style: solid; border-right-color: #000000 !important;" valign="top"><font style="font-family: 'times new roman', times; font-size: 10pt;"><a href="#BExhibitV_1422024154541125">Exhibit V &#8211; Information regarding the candidates for members of the Fiscal Council, pursuant to items 7.3 to 7.6 of the Reference Form and to the New Market Regulation</a></font></td>









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<td style="width: 6.74024%; text-align: center; height: 17px; vertical-align: top; padding: 0px 0px 4px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important; border-right-width: 1pt; border-right-style: solid; border-right-color: #000000 !important; border-left-width: 1pt; border-left-style: solid; border-left-color: #000000 !important;" 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: bold; letter-spacing: normal; orphans: 2; text-align: center; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">79</font></td>
<td style="width: 93.0148%; height: 17px; vertical-align: top; padding: 0px 0px 4px 15px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important; border-right-width: 1pt; border-right-style: solid; border-right-color: #000000 !important;" valign="top"><font style="font-family: 'times new roman', times; font-size: 10pt;"><a href="#BExhibitVI_142202415470565">Exhibit VI &#8211; Information about the management compensation, under the terms of item 8 of the Reference Form</a></font></td>









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<td style="width: 6.74024%; text-align: center; height: 17px; vertical-align: top; padding: 0px 0px 4px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important; border-right-width: 1pt; border-right-style: solid; border-right-color: #000000 !important; border-left-width: 1pt; border-left-style: solid; border-left-color: #000000 !important;" 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: bold; letter-spacing: normal; orphans: 2; text-align: center; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">107</font></td>
<td style="width: 93.0148%; height: 17px; vertical-align: top; padding: 0px 0px 4px 4px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important; border-right-width: 1pt; border-right-style: solid; border-right-color: #000000 !important;" valign="top"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"><a href="#BPOA_822024194924204">Model for power of attorney</a></font></td>









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<div style="margin: 3.15pt 0pt 0pt; orphans: 0; text-align: center; widows: 0;"><a style="text-decoration: none; color: #000000; cursor: default; outline: none; pointer-events: none;" href="#TOC" name="Bmfc_5220241540791" class="customBookmark"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">MESSAGE FROM THE CHAIRMAN OF THE BOARD OF DIRECTORS</font></a></div>
<p style="font-size: 10pt; line-height: 108%; margin: 0pt 0pt 8pt;"><font style="color: #404040; font-family: 'Century Gothic'; font-size: 10pt;">&nbsp;</font></p>
<p style="font-size: 9pt; line-height: 130%; margin: 0pt 0pt 6pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">Dear Shareholders</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">,</font></p>
<p style="font-size: 9pt; line-height: 130%; margin: 0pt 0pt 6pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">2023 was another year of important progress for Ultrapar. Despite the volatility and uncertainties, our three main businesses, </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">Ipiranga</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">, </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">Ultragaz</font><font style="font-family: 'Century Gothic'; font-size: 9pt;"> and </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">Ultracargo</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">, reached record results, with a highlight to the continued growth of </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">Ultragaz</font><font style="font-family: 'Century Gothic'; font-size: 9pt;"> and </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">Ultracargo</font><font style="font-family: 'Century Gothic'; font-size: 9pt;"> and the significant profitability recovery of </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">Ipiranga</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">, through the refinement of pricing, higher engagement with the resellers network, progress on supply, logistics and trading and debugging of service stations with low potential. </font></p>
<p style="font-size: 9pt; line-height: 130%; margin: 0pt 0pt 6pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">The strong operational cash flow allowed the Company to achieve the lowest financial leverage in the last 15 years and regain its investment grade rating from the Standard &amp; </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">Poors</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">&#8217; credit rating agency. </font></p>
<p style="font-size: 9pt; line-height: 130%; margin: 0pt 0pt 6pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">We invested R$ 1.9 billion in expansion and maintenance of our businesses. We concluded the acquisitions of Stella and NEOg&#225;s, which marked </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">Ultragaz's</font><font style="font-family: 'Century Gothic'; font-size: 9pt;"> entry into the renewable electricity and compressed natural gas segments, expanding the options for providing energy solutions and leveraging its capillarity, commercial strength, and brand. We also concluded the acquisitions of a 50% stake in Opla, an ethanol terminal located in </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">Paul&#237;nia</font><font style="font-family: 'Century Gothic'; font-size: 9pt;"> (state of S&#227;o Paulo), and of a </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">Ipiranga's</font><font style="font-family: 'Century Gothic'; font-size: 9pt;"> base in </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">Rondon&#243;polis</font><font style="font-family: 'Century Gothic'; font-size: 9pt;"> (state of Mato Grosso). Moreover, we announced the construction of the first liquid bulk terminal in Tocantins, marking </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">Ultracargo&#8217;s</font><font style="font-family: 'Century Gothic'; font-size: 9pt;"> inland expansion and positioning the company as an integrated logistics solutions provider.</font></p>
<p style="font-size: 9pt; line-height: 130%; margin: 0pt 0pt 6pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">Continuing with our transformation agenda, in April, we underwent an important renewal of the Board of Directors for the term of 2023 to 2025, combining members who were already part of the Management, preserving the knowledge of the businesses and of Ultrapar, with new members who brought relevant and complementary experiences to build the Company&#8217;s future.</font></p>
<p style="font-size: 9pt; line-height: 130%; margin: 0pt 0pt 6pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">At the same time, we made progress in our ESG journey, making public commitments to the 2030 goals, an intrinsic part of the Company's strategic planning</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">.</font></p>
<p style="font-size: 9pt; line-height: 130%; margin: 0pt 0pt 6pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">We invite all our shareholders to participate in our meeting, whose necessary information for attendance,</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;representation and&nbsp;</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">voting decisions, may be found throughout this </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">Shareholders&#8217; </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">Meeting Manual</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">.</font></p>
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<p style="font-size: 9pt; line-height: 115%; margin: 3pt 0pt 0pt; page-break-inside: avoid; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;</font></p>
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<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">Jorge Marques de Toledo Camargo</font></p>


























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<div style="margin: 3.15pt 0pt 0pt; orphans: 0; text-align: center; widows: 0;"><a style="text-decoration: none; color: #000000; cursor: default; outline: none; pointer-events: none;" href="#TOC" name="Bil_52202415535926" class="customBookmark"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">INVITATION LETTER</font></a></div>
<p style="font-size: 9pt; line-height: 130%; margin: 0pt 0pt 8pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;</font></p>
<p style="font-size: 9pt; line-height: 130%; margin: 0pt 0pt 6pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">Dear Shareholders</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">,</font></p>
<p style="font-size: 9pt; line-height: 130%; margin: 0pt 0pt 6pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">It is a pleasure to invite you to participate in the Shareholders' Meeting of Ultrapar, to be held on April 1</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">7</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">th</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">, 202</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">4</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">, at 2:00 pm (Brazil time), exclusively in digital form, pursuant to the terms of the respective call notice.</font></p>
<p style="font-size: 9pt; line-height: 130%; margin: 0pt 0pt 6pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">All Ultrapar shareholders (including holders of common shares in the form of ADRs) will be able to vote on all matters o</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">f</font><font style="font-family: 'Century Gothic'; font-size: 9pt;"> the agenda. Each common share gives the right to one vote in the Meeting&#8217;s </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">resolutions</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">. ADR holders must vote as determined in a communication to be released by the depositary under the terms of the deposit agreement.</font></p>
<p style="font-size: 9pt; line-height: 130%; margin: 0pt 0pt 6pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">This document aims to clarify and guide the resolutions to be taken and the procedures necessary for your attendance or representation in the Meeting.</font></p>
<p style="font-size: 9pt; line-height: 130%; margin: 0pt 0pt 6pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">Ultrapar's</font><font style="font-family: 'Century Gothic'; font-size: 9pt;"> Investor Relations department is available for further clarification on the e-mail </font><font style="font-family: 'Century Gothic'; font-size: 9pt; text-decoration: underline;">invest@ultra.com.br</font><font style="font-family: 'Century Gothic'; font-size: 9pt;"> or by phone +55 </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">(</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">11</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">)</font><font style="font-family: 'Century Gothic'; font-size: 9pt;"> 3177-7014.</font></p>
<p style="font-size: 9pt; line-height: 130%; margin: 0pt 0pt 6pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">We count on your participation,</font></p>
<p style="font-size: 9pt; line-height: 130%; margin: 0pt 0pt 18pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;</font></p>
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<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">Jorge Marques de Toledo Camargo</font></p>


























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<p style="margin: 0pt; text-align: center; line-height: 1.2;"><img src="img9f7973a527a746b995f9.jpg" alt="Graphics"><br><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>
<p style="line-height: 1.2; margin: 0pt; text-align: center;"><br></p>
<p style="line-height: 1.2; margin: 0pt 0pt 10pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; letter-spacing: 1pt; line-height: inherit;">ULTRAPAR PARTICIPA&#199;&#213;ES S.A.</font></p>
<p style="line-height: 1.2; margin: 0pt 0pt 10pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><font style="font-weight: bold; letter-spacing: 1pt; line-height: inherit;">Publicly</font> <font style="font-weight: bold; letter-spacing: 1pt; line-height: inherit;">Traded</font> <font style="font-weight: bold; letter-spacing: 1pt; line-height: inherit;">Company</font></font></p>
<p style="line-height: 1.2; margin: 0pt 0pt 10pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><font style="letter-spacing: 1pt; line-height: inherit;">CNPJ </font><font style="letter-spacing: 1pt; line-height: inherit;">No.</font><font style="letter-spacing: 1pt; line-height: inherit;"> 33.256.439/0001-</font><font style="letter-spacing: 1pt; line-height: inherit;">39&nbsp;&nbsp; </font></font></p>
<p style="line-height: 1.2; margin: 0pt 0pt 10pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; letter-spacing: 1pt; line-height: inherit;"> NIRE 35.300.109.724</font><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>
<div style="line-height: 1.2; margin: 0pt 0pt 10pt; text-align: center;"><a style="text-decoration: none; color: #000000; cursor: default; outline: none; pointer-events: none;" href="#TOC" name="BRN1_822024112338734" class="customBookmark"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">Call Notice</font></a></div>
<p style="line-height: 1.2; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">ANNUAL AND EXTRAORDINARY GENERAL SHAREHOLDERS&#8217; MEETING</font></p>
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<p style="font-size: 9pt; line-height: 1.2; margin: 0pt 0pt 10pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">The Shareholders of Ultrapar Participa&#231;&#245;es S.A. (&#8220;Ultrapar&#8221; or &#8220;Company&#8221;) are hereby invited to attend the Annual and Extraordinary General Shareholders&#8217; Meeting that shall be held exclusively in digital form on April 17th, 2024 (&#8220;Meeting&#8221;), at 2:00 p.m. (Brazil time), pursuant to the terms of CVM Resolution 81/22 (&#8220;RCVM 81&#8221;), without prejudice of the use of remote voting form, to discuss the following Agenda:</font></p>
<p style="font-size: 9pt; line-height: 1.2; margin: 0pt 0pt 10pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><font style="font-weight: bold; line-height: inherit;">At the</font><font style="font-weight: bold; line-height: inherit;"> Annual General Shareholders&#8217; Meeting</font><font style="font-weight: bold; line-height: inherit;">:</font></font></p>
<p style="font-size: 9pt; line-height: 1.2; margin: 0pt 0pt 10pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">1. Analysis and approval of the report and accounts of the Management, as well as the financial statements of the fiscal year ended on December 31st, 2023, together with the report from the Independent Auditors and the opinion from the Fiscal Council;</font></p>
<p style="font-size: 9pt; line-height: 1.2; margin: 0pt 0pt 10pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">2. Allocation of net income for the fiscal year ended on December 31st, 2023;</font></p>
<p style="font-size: 9pt; line-height: 1.2; margin: 0pt 0pt 10pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">3. Establishment of the Management's global compensation; </font></p>
<p style="font-size: 9pt; line-height: 1.2; margin: 0pt 0pt 10pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">4. Election of the members of the Fiscal Council and their respective alternates, given the request for the installation of the Fiscal Council made by a shareholder representing more than 2% of the voting shares issued by the Company, under the terms of the Brazilian Federal Law No. 6,404/76 and CVM Resolution 70/22 (&#8220;RCVM 70&#8221;); and </font></p>
<p style="font-size: 9pt; line-height: 1.2; margin: 0pt 0pt 10pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">5. Considering the item above, the establishment of the compensation of the members of the Fiscal Council for the term of office that begins in April 2024.</font></p>
<p style="font-size: 9pt; line-height: 1.2; margin: 0pt 0pt 10pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><font style="font-weight: bold; line-height: inherit;">At the</font><font style="font-weight: bold; line-height: inherit;"> Extraordinary General Shareholders&#8217; Meeting</font><font style="font-weight: bold; line-height: inherit;">:</font></font></p>
<p style="font-size: 9pt; line-height: 1.2; margin: 0pt 0pt 10pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">1. Amendments to the Company's Bylaws, as detailed in the Management Proposal disclosed to the market on this date, to reflect:</font></p>
<p style="font-size: 9pt; line-height: 1.2; margin: 0pt 0pt 9.6pt 39.8pt; text-align: justify; text-indent: -18pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><font style="font-weight: normal; line-height: inherit;">(a)</font><font style="font-variant: normal; font-kerning: auto; font-optical-sizing: auto; font-feature-settings: normal; font-variation-settings: normal; font-weight: normal; font-stretch: normal; line-height: inherit;">&nbsp;&nbsp;&nbsp; </font>Inclusion of activity in the Company&#8217;s corporate purpose;</font></p>
<p style="font-size: 9pt; line-height: 1.2; margin: 0pt 0pt 9.6pt 39.8pt; text-align: justify; text-indent: -18pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><font style="font-weight: normal; line-height: inherit;">(b)</font><font style="font-variant: normal; font-kerning: auto; font-optical-sizing: auto; font-feature-settings: normal; font-variation-settings: normal; font-weight: normal; font-stretch: normal; line-height: inherit;">&nbsp;&nbsp;&nbsp; </font>Changes of competencies of the Board of Directors;</font></p>
<p style="font-size: 9pt; line-height: 1.2; margin: 0pt 0pt 9.6pt 39.8pt; text-align: justify; text-indent: -18pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><font style="font-weight: normal; line-height: inherit;">(c)</font><font style="font-variant: normal; font-kerning: auto; font-optical-sizing: auto; font-feature-settings: normal; font-variation-settings: normal; font-weight: normal; font-stretch: normal; line-height: inherit;">&nbsp;&nbsp;&nbsp; </font>Exclusion of possibilities to replace members of the statutory advisory committees;</font></p>
<p style="font-size: 9pt; line-height: 1.2; margin: 0pt 0pt 9.6pt 39.8pt; text-align: justify; text-indent: -18pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><font style="font-weight: normal; line-height: inherit;">(d)</font><font style="font-variant: normal; font-kerning: auto; font-optical-sizing: auto; font-feature-settings: normal; font-variation-settings: normal; font-weight: normal; font-stretch: normal; line-height: inherit;">&nbsp;&nbsp;&nbsp; </font>Change of nomenclature and competencies of the Board of Directors' advisory committees; and</font></p>
<p style="font-size: 9pt; line-height: 1.2; margin: 0pt 0pt 9.6pt 39.8pt; text-align: justify; text-indent: -18pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><font style="font-weight: normal; line-height: inherit;">(e)</font><font style="font-variant: normal; font-kerning: auto; font-optical-sizing: auto; font-feature-settings: normal; font-variation-settings: normal; font-weight: normal; font-stretch: normal; line-height: inherit;">&nbsp;&nbsp;&nbsp; </font>Simplification of the wording of statutory provisions, as well as clarity and numbering adjustments.</font></p>




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<p style="font-size: 9pt; line-height: 1.2; margin: 0pt 0pt 10pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">2. Ratification of the change in the number of common shares into which the Company's capital stock is divided, due to the partial exercise of the rights conferred by the subscription warrants issued by the Company as of the merger of shares issued by Imifarma Produtos Farmac&#234;uticos e Cosm&#233;ticos S.A. by the Company, approved by the Extraordinary General Shareholders&#8217; Meeting held on January 31st, 2014; and</font></p>
<p style="font-size: 9pt; line-height: 1.2; margin: 0pt 0pt 10pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">3. Approval of the consolidation of the Bylaws, in order to reflect the changes proposed in the items above.</font></p>
<p style="font-size: 9pt; line-height: 1.2; margin: 0pt 0pt 10pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">Attendance at the Meeting</font></p>
<p style="font-size: 9pt; line-height: 1.2; margin: 0pt 0pt 10pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">The shareholders of the Company, including holders of American Depositary Receipts (&#8220;ADRs&#8221;) under the terms described below, may attend the Meeting in person or represented by proxies, upon the fulfillment of the requirements for attendance provided for in the Company&#8217;s Bylaws, presenting the documents listed under the items Individual Shareholder, Corporate Shareholder and Investment Funds below. </font></p>
<p style="font-size: 9pt; line-height: 1.2; margin: 0pt 0pt 10pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Shareholder capacity will be proven upon submission of the statement issued by the institution providing book-entry services or the custodian institution, with the number of shares included therein within up to three days prior to the Meeting. </font></p>
<p style="font-size: 9pt; line-height: 1.2; margin: 0pt 0pt 10pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">The Company will adopt for this General Shareholders&#8217; Meeting the remote voting system, in accordance with the Brazilian Corporate Law and RCVM 81, allowing its shareholders to send, through their respective custody agents or bookkeeping institution or directly to the Company, a remote voting form for the Meeting, as provided by the Company together with other documents to be discussed at the Meeting. The Company informs that the instructions for the exercise of the remote voting are described in the Annual and Extraordinary General Shareholders&#8217; Meeting Manual. The remote voting forms submitted by the shareholders by virtue of the first call of the Meeting shall be deemed valid for the second call, if any, under the terms of RCVM 81.</font></p>
<p style="font-size: 9pt; line-height: 1.2; margin: 0pt 0pt 10pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">The Meeting shall be held exclusively in digital form, pursuant to the terms of RCVM 81, through a digital platform (&#8220;Platform&#8221;), so the shareholders shall attend the Meeting solely by means of the following:</font></p>
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<td style="width: 4%; vertical-align: top; text-align: right;" valign="top"><font style="color: #000000; font-family: 'times new roman', times; font-size: 10pt; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: -23.8px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">(a)</font></td>
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<td style="width: 95%; text-align: justify;"><font style="color: #000000; font-family: 'times new roman', times; font-size: 10pt; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: -23.8px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">through remote voting form, which detailed guidelines with respect to the necessary documentation for remote voting are included in such form; and</font></td>






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<td style="vertical-align: top; text-align: right;" valign="top"><font style="color: #000000; font-family: 'times new roman', times; font-size: 10pt; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: -23.8px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">(b)</font></td>
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<td style="text-align: justify;"><font style="color: #000000; font-family: 'times new roman', times; font-size: 10pt; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: -23.8px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">through the Platform, in person or by attorney-in-fact duly appointed, and the shareholder: (i) may solely attend at the Meeting, regardless of the submission of the remote voting form; or (ii) attend and vote at the Meeting; in this case, provided that eventual votes issued by the shareholder through the remote voting form shall be disregarded.</font></td>






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<p style="font-size: 9pt; line-height: 1.2; margin: 0pt 0pt 10pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Holders of ADRs will be represented at the Meeting by the custodian of underlying shares of the ADRs, pursuant to the deposit agreement dated as of September 16th, 1999 (&#8220;Deposit Agreement&#8221;). Voting procedures with respect to the ADRs shall be specified in a communication to be sent to ADRs holders by the depositary, pursuant to the Deposit Agreement. </font></p>
<p style="font-size: 9pt; line-height: 1.2; margin: 0pt 0pt 10pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Under the terms of RCVM 81, in order to obtain the Company's authorization for virtual participation in the Meeting through the Platform, shareholders or their legal representatives or attorneys-in-fact must send an email to the Company at invest@ultra.com.br, before 2:00 p.m. (Brazil time) on April 15th, 2024, requesting participation, specifying the contact phone number and email address of the participant, and submitting the documents listed below:</font></p>




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<p style="font-size: 9pt; line-height: 1.2; margin: 0pt 0pt 10pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">Individual shareholder</font></p>
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<p style="font-size: 10pt; line-height: 1.2; text-align: justify;">Copy of identification document with photograph (ID, foreign national&#8217;s residence ID, driver&#8217;s license, officially recognized professional class ID or passport, for foreigners); and</p>






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<p>Copy of the power of attorney, if applicable, and identification document with photograph of the attorney-in-fact.</p>






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<td style="width: 1%; vertical-align: top;" valign="top">&#8226;</td>
<td style="width: 95%; text-align: justify; font-size: 10pt; line-height: 1.2;"><font style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: -10.2px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Copy of the last restated bylaws or articles of association and the corporate documents granting representation powers (officers&#8217; election minutes and/or power of attorney);</font></td>






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<td style="vertical-align: top; width: 1%;" valign="top">&#8226;</td>
<td style="width: 95%; text-align: justify; font-size: 10pt; line-height: 1.2;"><font style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: -10.2px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Copy of identification document with photograph(s) of the legal representative(s); and</font></td>






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<p style="font-size: 10pt; line-height: 1.2; text-align: justify;">Copy of the power of attorney, if applicable, and identification document with photograph of the attorney-in-fact.</p>






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<p style="font-size: 9pt; line-height: 1.2; margin: 0px; text-align: justify; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">Investment funds</font></p>
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<td style="vertical-align: top; width: 1%;" 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; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">&#8226;</font></td>
<td style="width: 95%; text-align: justify; font-size: 10pt; line-height: 1.2;"><font style="color: #000000; font-family: 'times new roman', times; font-size: 10pt; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: -10.2px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Evidence of capacity as manager of the fund granted to individual or legal entity representing the fund in the Meeting or who granted power to the attorney-in-fact;</font></td>






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<td style="vertical-align: top;" 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; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">&#8226;</font></td>
<td style="text-align: justify; font-size: 10pt; line-height: 1.2;"><font style="color: #000000; font-family: 'times new roman', times; font-size: 10pt; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: -10.2px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Corporate act of the corporate manager granting powers to the representative attending the Meeting or to whom a power of attorney was granted; and</font></td>






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<td style="vertical-align: top;" 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; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">&#8226;</font></td>
<td style="text-align: justify; font-size: 10pt; line-height: 1.2;"><font style="color: #000000; font-family: 'times new roman', times; font-size: 10pt; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: -10.2px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">If the representative or attorney-in-fact is a legal entity, the documents listed on item &#8220;Corporate Shareholder&#8221; related to them shall be presented to the Company.</font></td>






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<p style="margin: 0px; text-indent: 0px;"><font style="font-variant: normal; font-kerning: auto; font-optical-sizing: auto; font-feature-settings: normal; font-variation-settings: normal; font-weight: normal; font-stretch: normal; line-height: inherit;">&nbsp;&nbsp;</font></p>
<p style="font-size: 9pt; line-height: 1.2; margin: 0px; text-indent: 0px; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">In addition, on an extraordinary basis, the Company may accept that the shareholders submit the necessary representation documents, as referred above, solely in digital means, without registry before the notary office or notarized copies, in PDF format. Ultrapar shall accept the powers of attorneys physically or digitally signed through digital certificate (ICP-Brazil).</font></p>
<p style="font-size: 9pt; line-height: 1.2; margin: 0px; text-indent: 0px; text-align: justify;"><br></p>
<p style="font-size: 9pt; line-height: 1.2; margin: 0pt 0pt 9.6pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Access to the Platform of shareholders who do not submit the necessary participation documents within the period provided herein will not be admitted.</font></p>
<p style="font-size: 9pt; line-height: 1.2; margin: 0pt 0pt 9.6pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Upon receipt of the request, accompanied by the necessary documents for the Shareholders&#8217; Meeting attendance, the Company shall submit to the email indicated by the shareholder the link and instructions to access the Platform to the shareholders or, however the case may be, their legal representatives or attorneys-in-fact thereof. Such information is personal and not transferrable, and shall not be shared, subject to attribution of responsibility. </font></p>
<p style="font-size: 9pt; line-height: 1.2; margin: 0pt 0pt 9.6pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><font style="text-decoration: underline; line-height: inherit;">Ultrapar shall not be responsible for any operational or connection issue faced by the shareholder, legal </font><font style="text-decoration: underline; line-height: inherit;">representative</font><font style="text-decoration: underline; line-height: inherit;"> or attorney-in-fact, which would hamper or prevent </font><font style="text-decoration: underline; line-height: inherit;">the</font><font style="text-decoration: underline; line-height: inherit;">ir</font><font style="text-decoration: underline; line-height: inherit;"> attendance at the </font><font style="text-decoration: underline; line-height: inherit;">Shareholders&#8217; </font><font style="text-decoration: underline; line-height: inherit;">Meeting</font>.</font></p>




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<div style="width: 8.5in; margin: 0 auto;"><font style="font-size: 10pt; font-style: italic; font-weight: bold; text-align: justify;">Availability of documents and information</font><br></div>
<div style="width: 8.5in; margin: 0 auto;"><font style="font-size: 10pt; text-align: justify;">Under the terms of the </font>Ultrapar&#8217;s<font style="font-size: 10pt; text-align: justify;"> Bylaws and RCVM 81, the documents and information relating to the matters to be deliberated upon, as well as the Annual and Extraordinary General Shareholders&#8217; Meeting Manual, the remote voting form for the Annual General Shareholders&#8217; Meeting and for the Extraordinary General Shareholders&#8217; Meeting, and other relevant documents for the exercise of the voting right at the Meeting were filed with the Brazilian Securities and Exchange Commission (&#8220;CVM&#8221;) and are available at the website of CVM (</font><font style="font-size: 10pt; text-align: justify; color: #002060; text-decoration-line: underline; line-height: inherit;">www.cvm.gov.br</font><font style="font-size: 10pt; text-align: justify;">), Company&#8217;s headquarters, website of B3 (</font><font style="font-size: 10pt; text-align: justify; color: #002060; text-decoration-line: underline; line-height: inherit;">www.b3.com.br</font><font style="font-size: 10pt; text-align: justify;">) and Company&#8217;s website (</font><font style="font-size: 10pt; text-align: justify; color: #002060; text-decoration-line: underline; line-height: inherit;">ri.ultra.com.br</font><font style="font-size: 10pt; text-align: justify;">).</font><br></div>
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<p style="font-size: 9pt; line-height: 1.2; margin: 0pt 0pt 6pt; text-align: center;"><br><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">S&#227;o Paulo, March 15th, 2024.</font></p>
<p style="font-size: 9pt; line-height: 1.2; margin: 0pt 0pt 6pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&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; line-height: inherit;"><font style="font-weight: bold; line-height: inherit;">Jorge Marques de Toledo C</font><font style="font-weight: bold; line-height: inherit;">amargo</font></font></p>








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<p style="margin: 0pt; text-align: center; line-height: 1.2;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Chairman of the Board of Directors</font></p>








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<p style="margin: 0pt; text-align: center; line-height: 1.2;"><img src="img9f7973a527a746b995f9.jpg" alt="Graphics"><br><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>
<div style="margin: 0pt; text-align: center; line-height: 1.2;"><a style="text-decoration: none; color: #000000; cursor: default; outline: none; pointer-events: none;" href="#TOC" name="B1_422024233347279" class="customBookmark"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold; line-height: inherit;">ADDITIONAL PROCEDURES</font></a></div>
<p style="font-size: 10pt; line-height: 1.2; margin: 0pt 0pt 8pt;"><font style="font-family: 'Century Gothic'; font-size: 10pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>
<p style="font-size: 9pt; line-height: 1.2; margin: 0pt 0pt 6pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">Ultrapar, aiming to facilitate the representation of its shareholders at the Meeting (excluding holders of common shares in the form of ADRs), provides in the end of this Manual a power-of-attorney model, through which shareholders may appoint the lawyers thereby indicated to represent them at the </font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">Shareholders&#8217; </font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">Meeting, at no cost and strictly in accordance with the powers granted. </font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">In</font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;"> the </font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">case that </font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">shareholders (excluding holders of common shares in the form of ADRs) opt to be represented at the</font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;"> Shareholders&#8217;</font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;"> Meeting using the model provided by the Company, the power of attorney must include </font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold; text-decoration: underline; line-height: inherit;">all</font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;"> the attorneys-in-fact listed in the </font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">model</font> <font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">of the</font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;"> power of attorney</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-style: italic; line-height: inherit;">.</font> </p>
<p style="font-size: 9pt; line-height: 1.2; margin: 0pt 0pt 6pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">The Company may accept that the shareholders submit the necessary representation documents, as referred on the Call Notice, in digital means in PDF format, without registry before the notary office or notarized copies. Ultrapar shall accept the proxies physically or digitally signed through digital certificate (ICP-Brazil)</font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">.</font></p>
<p style="font-size: 9pt; line-height: 1.2; margin: 0pt 0pt 6pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">We clarify that in the case of non-Brazilian investment funds and shareholders, a sworn translation of the documents shall not be required if the documents are originally in English or Spanish</font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">.</font></p>
<p style="font-size: 9pt; line-height: 1.2; margin: 0pt 0pt 6pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">Pursuant to </font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">article 6, paragraph 3 of RCVM 81</font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">, the Platform shall not be accessed by the shareholders that have not provided the necessary documents specified in the Call Notice within the deadlines set forth on that document</font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">. </font></p>
<p style="font-size: 9pt; line-height: 1.2; margin: 0pt 0pt 6pt; text-align: justify; text-indent: 0pt;"><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">Upon receipt of the request, accompanied by the necessary documents for </font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">attending </font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">the </font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">Shareholders&#8217; </font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">Meeting, the Company shall submit to the email indicated by the shareholder the link and the instructions to access the Platform to the shareholders or, however the case may be, the legal representatives or attorneys-in-fact. Such information is personal and not transferrable, and shall not be shared, subject to attribution of responsibility</font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">. </font></p>
<p style="font-size: 9pt; line-height: 1.2; margin: 0pt 0pt 6pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">The shareholder who participates through </font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">the </font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">Platform will be considered present at the Meeting, being able to exercise </font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">their</font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;"> respective voting rights, and </font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">a </font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">sign</font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">er of</font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;"> the respective Minutes of the Meeting, </font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">under the terms of RCVM 81</font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">. </font></p>
<p style="font-size: 9pt; line-height: 1.2; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">If the shareholder who has duly requested his participation does not receive from the Company the email with </font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">the link and </font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">instructions for accessing </font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">the Platform </font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">and participating in the Meeting at least 24 hours prior to the </font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">Shareholders&#8217; </font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">Meeting (that is, until 2:00 p.m. o</font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">f</font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;"> April </font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">16</font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">, 202</font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">4</font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">), </font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">he</font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">/she</font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;"> must contact the Company by phone on number +55 (11) 3177-7014, in order to receive their respective instructions to access</font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;"> the Platform</font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">.</font></p>




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<p style="font-size: 9pt; line-height: 1.2; margin: 0pt 0pt 6pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">Ultrapar shall not be responsible for any operational or connection issue faced by the shareholder, legal </font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">representative</font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;"> or attorney-in-fact, which would hamper or prevent his/her attendance to the </font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">Shareholders&#8217; </font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">Meeting</font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">. </font></p>
<p style="font-size: 9pt; line-height: 1.2; margin: 0pt 0pt 6pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">Shareholders who choose to participate in the Meeting are requested to access the Platform at least 30 minutes before the scheduled start time of the Meeting, </font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">in order to</font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;"> allow access </font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">validation.</font></p>
<p style="font-size: 9pt; line-height: 1.2; text-align: justify; margin: 0pt 0pt 8pt; text-indent: 0pt;"><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">The Company reserves the right to use any information contained in the recording of the Meeting to: (</font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">i</font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">) </font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">registering</font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;"> the shareholders&#8217; statements and viewing the documents presented during the </font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">Meeting; (ii) regist</font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">ering</font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;"> the authenticity and safety of communications during the Meeting; (iii) regist</font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">ering</font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;"> the shareholders' attendance and votes; (iv) </font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">compl</font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">ying</font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;"> with any legal orders from competent authorities; and (v) safeguard</font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">ing</font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;"> the Company, its </font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">management</font> <font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">and contracted third parties, in any judicial, arbitration, regulatory or administrative sphere</font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">.</font></p>
<p style="font-size: 9pt; line-height: 1.2; margin: 0pt 0pt 8pt; text-align: justify; text-indent: 0pt;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold; line-height: inherit;">Remote </font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold; line-height: inherit;">v</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold; line-height: inherit;">oting </font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold; line-height: inherit;">f</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold; line-height: inherit;">orms</font></p>
<p style="font-size: 11pt; line-height: 1.2; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">If the shareholder opts to send the remote voting form directly to the Company, </font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">it</font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;"> is requested </font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">to send</font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;"> such voting form and other supporting documents to the email </font><font style="color: #0563c1; font-family: 'Century Gothic'; font-size: 9pt; text-decoration: underline; line-height: inherit;">invest@ultra.com.br</font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;"> or</font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;"> to file them</font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;"> at the Company within 7 days from the Annual and Extraordinary General Shareholders&#8217; Meeting date, that is, until April </font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">1</font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">0</font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">th</font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">, 202</font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">4</font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">.</font></p>




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<p style="margin: 0pt; text-align: center;"><img src="img9f7973a527a746b995f9.jpg" alt="Graphics"><br><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">&nbsp;</font></p>
<p style="line-height: 12pt; margin: 0pt 0pt 6pt; orphans: 0; text-align: center; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold; letter-spacing: 0.8pt;">ULTRAPAR PARTICIPA&#199;&#213;ES S.A.</font></p>
<p style="line-height: 12pt; margin: 0pt 0pt 6pt; orphans: 0; text-align: center; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold; letter-spacing: 0.8pt;">Publicly</font> <font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold; letter-spacing: 0.8pt;">Traded Company</font></p>
<p style="line-height: 12pt; margin: 0pt 0pt 6pt; orphans: 0; text-align: center; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt; letter-spacing: 0.8pt;">CNPJ No. 33.256.439/0001-39&nbsp;&nbsp; </font></p>
<p style="line-height: 12pt; margin: 0pt 0pt 6pt; orphans: 0; text-align: center; widows: 0;"> <font style="font-family: 'Century Gothic'; font-size: 9pt; letter-spacing: 0.8pt;">NIRE 35.300.109.724</font></p>
<p style="line-height: 12pt; margin: 0pt 0pt 6pt; text-align: center;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold; letter-spacing: 0.8pt;">&nbsp;</font></p>
<div style="line-height: 12pt; margin: 0pt 0pt 6pt; text-align: center;"><a style="text-decoration: none; color: rgb(0, 0, 0); cursor: default; outline: none; pointer-events: none;" href="#TOC" name="BSD_1_822024112341817" class="customBookmark"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold; letter-spacing: 0.8pt;">MANAGEMENT PROPOSAL</font></a></div>
<p style="line-height: 12pt; margin: 0pt 0pt 6pt; text-align: center;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold; letter-spacing: 0.8pt;">&nbsp;</font></p>
<p style="font-size: 9pt; line-height: 130%; margin: 0pt 0pt 6pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">Dear Shareholders, </font></p>
<p style="font-size: 9pt; line-height: 130%; margin: 0pt 0pt 8pt; text-align: justify; text-indent: 0pt;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">The Management of Ultrapar </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">Participa&#231;&#245;es</font><font style="font-family: 'Century Gothic'; font-size: 9pt;"> S.A. (&#8220;Ultrapar&#8221; or &#8220;Company&#8221;) hereby presents the Management Proposal, regarding the matters to be deliberated upon at the Company&#8217;s </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">Annual</font><font style="font-family: 'Century Gothic'; font-size: 9pt;"> and Extraordinary General Shareholders&#8217; Meeting t</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">hat shall be</font><font style="font-family: 'Century Gothic'; font-size: 9pt;"> held </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">exclusively </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">in </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">digital</font><font style="font-family: 'Century Gothic'; font-size: 9pt;"> form</font> <font style="font-family: 'Century Gothic'; font-size: 9pt;">on April 1</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">7</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">th</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">, 202</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">4</font> <font style="font-family: 'Century Gothic'; font-size: 9pt;">(&#8220;Meeting&#8221;)</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">, at 2:00 p.m.</font><font style="font-family: 'Century Gothic'; font-size: 9pt;"> (Brazil time)</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">: </font></p>
<p style="font-size: 9pt; line-height: 130%; margin: 0pt 0pt 8pt 53.85pt; text-align: justify; text-indent: -17.85pt;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold; letter-spacing: 0.8pt;">1)</font><font style="font: 7.0pt 'Times New Roman';">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold; letter-spacing: 0.8pt;">At the </font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold; letter-spacing: 0.8pt;">Annual </font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold; letter-spacing: 0.8pt;">General Shareholders&#8217; Meeting</font></p>
<p style="font-size: 9pt; line-height: 130%; margin: 0pt 0pt 6pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-style: italic; font-weight: bold; letter-spacing: 0.8pt;">1.1) </font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-style: italic; font-weight: bold;">Analysis and approval of the report and accounts of the Management, as well as the financial statements of the fiscal year ended on December 31</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-style: italic; font-weight: bold;">st</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-style: italic; font-weight: bold;">, 202</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-style: italic; font-weight: bold;">3</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-style: italic; font-weight: bold;">, together with the report from the Independent Auditors and the </font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-style: italic; font-weight: bold;">opinion</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-style: italic; font-weight: bold;"> from the Fiscal </font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-style: italic; font-weight: bold;">Council</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-style: italic;">;</font></p>
<p style="font-size: 9pt; line-height: 130%; margin: 0pt 0pt 6pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">The Management Report and the financial statements for the fiscal year ended December 31</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">st</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">, </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">202</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">3</font><font style="font-family: 'Century Gothic'; font-size: 9pt;"> were filed with the CVM on February </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">28</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">th</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">, 202</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">4</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">,</font><font style="font-family: 'Century Gothic'; font-size: 9pt;"> published in wide-circulation newspaper and made available on the newspaper's website on March </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">1st</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">, 202</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">4</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">, pursuant to Brazilian Federal Law No. 6,404/76, as amended by Brazilian Federal Law No. 13,818/19. The Management Report is accompanied by the Annual Report of the Audit and Risk</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">s</font><font style="font-family: 'Century Gothic'; font-size: 9pt;"> Committee and summarizes relevant information about the Company in 202</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">3</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">, including environmental, social and governance (ESG) performance, information on innovation, people, operational and financial performance. </font></p>
<p style="font-size: 9pt; line-height: 130%; margin: 0pt 0pt 6pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">Such documents (i) were recommended by the Audit and Risks Committee for approval by the Board of Directors; (ii) obtained a favorable opinion from the Company's </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">Fiscal Council</font><font style="font-family: 'Century Gothic'; font-size: 9pt;"> at a meeting held on February </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">28</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">th</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">, 202</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">4</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">; and (iii) were approved by </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">Ultrapar's</font><font style="font-family: 'Century Gothic'; font-size: 9pt;"> Board of Directors</font> <font style="font-family: 'Century Gothic'; font-size: 9pt;">on February </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">28</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">th</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">, 202</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">4.</font> <font style="font-family: 'Century Gothic'; font-size: 9pt;">The</font><font style="font-family: 'Century Gothic'; font-size: 9pt;"> respective minutes were filed with the CVM on the same date</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">.</font></p>
<p style="font-size: 9pt; line-height: 130%; margin: 0pt 0pt 6pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">In addition, the financial statements were audited and received an unqualified </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">report</font><font style="font-family: 'Century Gothic'; font-size: 9pt;"> from Deloitte Touche Tohmatsu Auditores </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">Independentes</font><font style="font-family: 'Century Gothic'; font-size: 9pt;"> Ltda. Such documents are available in </font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">Exhibit II</font><font style="font-family: 'Century Gothic'; font-size: 9pt;"> o</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">f</font><font style="font-family: 'Century Gothic'; font-size: 9pt;"> this Proposal. The Management discussion and analysis on the financial conditions of the Company, under the terms of item </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">2</font><font style="font-family: 'Century Gothic'; font-size: 9pt;"> of the Reference Form, are available in </font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">Exhibit III</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">.</font></p>
<p style="font-size: 9pt; line-height: 130%; margin: 0pt; text-align: justify; text-indent: 0pt;"><font style="font-family: 'Century Gothic'; font-size: 9pt; text-decoration: underline;">Management </font><font style="font-family: 'Century Gothic'; font-size: 9pt; text-decoration: underline;">r</font><font style="font-family: 'Century Gothic'; font-size: 9pt; text-decoration: underline;">ecommendation</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">: approval of the Management Report and Management accounts, as well as the Company's financial statements.</font></p>
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<p style="font-size: 9pt; line-height: 130%; margin: 0pt 0pt 6pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-style: italic; font-weight: bold; letter-spacing: 0.8pt;">1.2) Allocation of net income for the fiscal year ended December 31</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-style: italic; font-weight: bold; letter-spacing: 0.8pt;">st</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-style: italic; font-weight: bold; letter-spacing: 0.8pt;">, 202</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-style: italic; font-weight: bold; letter-spacing: 0.8pt;">3</font></p>
<p style="font-size: 9pt; line-height: 130%; margin: 0pt 0pt 6pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">The </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">Management proposes that the allocation of net income </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">attributable to </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">Ultrapar&#8217;s</font><font style="font-family: 'Century Gothic'; font-size: 9pt;"> shareholders </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">for the year ended December 31</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">st</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">, 202</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">3</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">, in the amount of R$ </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">2,439,795,616.3</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">1</font> <font style="font-family: 'Century Gothic'; font-size: 9pt;">(</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">two</font><font style="font-family: 'Century Gothic'; font-size: 9pt;"> billion, </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">four </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">hundred </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">and thirty-nine </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">million, </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">seven</font><font style="font-family: 'Century Gothic'; font-size: 9pt;"> hundred and </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">ninet</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">y-</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">five</font><font style="font-family: 'Century Gothic'; font-size: 9pt;"> thousand, </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">six hundred and sixteen</font> <font style="font-family: 'Century Gothic'; font-size: 9pt; font-style: italic;">Reais</font><font style="font-family: 'Century Gothic'; font-size: 9pt;"> and </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">thirty-</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">one</font> <font style="font-family: 'Century Gothic'; font-size: 9pt;">cents</font><font style="font-family: 'Century Gothic'; font-size: 9pt;"> of </font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-style: italic;">Real</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">) be as follows: </font></p>
<p style="font-size: 9pt; line-height: 130%; margin: 4pt 0pt 9.6pt 53.85pt; text-align: justify; text-indent: -17.85pt;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: normal;">(a)</font><font style="font: 7.0pt 'Times New Roman';">&nbsp;&nbsp; </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">R$ 121,989,780.82 </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">(</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">one hundred and twenty-one</font><font style="font-family: 'Century Gothic'; font-size: 9pt;"> million, </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">nine hundred and eighty-nine</font><font style="font-family: 'Century Gothic'; font-size: 9pt;"> thousand, </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">seven</font><font style="font-family: 'Century Gothic'; font-size: 9pt;"> hundred and </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">eighty</font> <font style="font-family: 'Century Gothic'; font-size: 9pt; font-style: italic;">Reais</font><font style="font-family: 'Century Gothic'; font-size: 9pt;"> and </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">eighty-two</font> <font style="font-family: 'Century Gothic'; font-size: 9pt;">cents </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">of </font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-style: italic;">Real</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">) allocated to the legal </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">reserve;</font></p>
<p style="font-size: 9pt; line-height: 130%; margin: 4pt 0pt 9.6pt 53.85pt; text-align: justify; text-indent: -17.85pt;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: normal;">(b)</font><font style="font: 7.0pt 'Times New Roman';">&nbsp;&nbsp; </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">R$ </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">1,604,323,449.</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">59</font> <font style="font-family: 'Century Gothic'; font-size: 9pt;">(one billion, </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">six</font><font style="font-family: 'Century Gothic'; font-size: 9pt;"> hundred and f</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">our</font><font style="font-family: 'Century Gothic'; font-size: 9pt;"> million, t</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">hree</font><font style="font-family: 'Century Gothic'; font-size: 9pt;"> hundred and </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">twen</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">ty-</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">three</font><font style="font-family: 'Century Gothic'; font-size: 9pt;"> thousand, </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">f</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">our</font> <font style="font-family: 'Century Gothic'; font-size: 9pt;">hundred and </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">forty</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">-</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">nine</font> <font style="font-family: 'Century Gothic'; font-size: 9pt; font-style: italic;">Reais</font><font style="font-family: 'Century Gothic'; font-size: 9pt;"> and </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">fifty-nine</font><font style="font-family: 'Century Gothic'; font-size: 9pt;"> cents</font><font style="font-family: 'Century Gothic'; font-size: 9pt;"> of </font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-style: italic;">Real</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">) allocated</font> <font style="font-family: 'Century Gothic'; font-size: 9pt;">to</font><font style="font-family: 'Century Gothic'; font-size: 9pt;"> the</font> <font style="font-family: 'Century Gothic'; font-size: 9pt;">investments</font> <font style="font-family: 'Century Gothic'; font-size: 9pt;">statutory reserve;</font><font style="font-family: 'Century Gothic'; font-size: 9pt;"> and</font></p>
<p style="font-size: 9pt; line-height: 130%; margin: 4pt 0pt 9.6pt 53.85pt; text-align: justify; text-indent: -17.85pt;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: normal;">(c)</font><font style="font: 7.0pt 'Times New Roman';">&nbsp;&nbsp;&nbsp; </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">R$ </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">713,482,385.90</font><font style="font-family: 'Century Gothic'; font-size: 9pt;"> (</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">seven</font><font style="font-family: 'Century Gothic'; font-size: 9pt;"> hundred and </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">thirteen</font><font style="font-family: 'Century Gothic'; font-size: 9pt;"> million, </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">four hundred and eighty-two</font><font style="font-family: 'Century Gothic'; font-size: 9pt;"> thousand, </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">three hundred and eighty-five</font> <font style="font-family: 'Century Gothic'; font-size: 9pt; font-style: italic;">Reais</font><font style="font-family: 'Century Gothic'; font-size: 9pt;"> and</font><font style="font-family: 'Century Gothic'; font-size: 9pt;"> ninety </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">cents</font><font style="font-family: 'Century Gothic'; font-size: 9pt;"> of </font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-style: italic;">Real</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">) allocated </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">to</font><font style="font-family: 'Century Gothic'; font-size: 9pt;"> the payment of </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">dividends</font><font style="font-family: 'Century Gothic'; font-size: 9pt;"> to </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">Ultrapar&#8217;s</font><font style="font-family: 'Century Gothic'; font-size: 9pt;"> shareholders</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">, equivalent to R$</font> <font style="font-family: 'Century Gothic'; font-size: 9pt;">0.</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">65</font><font style="font-family: 'Century Gothic'; font-size: 9pt;"> per share</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">.</font></p>
<p style="font-size: 9pt; line-height: 130%; margin: 0pt 0pt 6pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">We provide detailed information regarding the proposal for allocation of net income for the fiscal year ended December 31</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">st</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">, </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">202</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">3</font><font style="font-family: 'Century Gothic'; font-size: 9pt;"> in </font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">Exhibit IV</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">, under the terms of </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">R</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">CVM 81. </font></p>
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<p style="font-size: 9pt; line-height: 130%; margin: 0pt; text-align: justify; text-indent: 0pt;"><font style="font-family: 'Century Gothic'; font-size: 9pt; text-decoration: underline;">Management </font><font style="font-family: 'Century Gothic'; font-size: 9pt; text-decoration: underline;">r</font><font style="font-family: 'Century Gothic'; font-size: 9pt; text-decoration: underline;">ecommendation</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">: approval of the proposal for allocation of net income</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">.</font></p>
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<p style="font-size: 9pt; line-height: 108%; margin: 0pt 0pt 8pt;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-style: italic; font-weight: bold; letter-spacing: 0.8pt;">1.</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-style: italic; font-weight: bold; letter-spacing: 0.8pt;">3</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-style: italic; font-weight: bold; letter-spacing: 0.8pt;">) </font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-style: italic; font-weight: bold; letter-spacing: 0.8pt;">Establishment</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-style: italic; font-weight: bold; letter-spacing: 0.8pt;"> of the </font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-style: italic; font-weight: bold; letter-spacing: 0.8pt;">Management</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-style: italic; font-weight: bold; letter-spacing: 0.8pt;">&#8216;</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-style: italic; font-weight: bold; letter-spacing: 0.8pt;">s </font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-style: italic; font-weight: bold; letter-spacing: 0.8pt;">global</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-style: italic; font-weight: bold; letter-spacing: 0.8pt;"> compensation </font></p>
<p style="font-size: 9pt; line-height: 130%; margin: 0pt 0pt 6pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">The proposal for the annual </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">global</font><font style="font-family: 'Century Gothic'; font-size: 9pt;"> limit on </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">m</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">anagement compensation for the period between May 202</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">4</font><font style="font-family: 'Century Gothic'; font-size: 9pt;"> and April 202</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">5</font><font style="font-family: 'Century Gothic'; font-size: 9pt;"> is R$ </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">10</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">5,000,000.00 (</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">one hundred and five</font><font style="font-family: 'Century Gothic'; font-size: 9pt;"> million</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-style: italic;"> Reais</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">), of which R$ 12,000,000.00 (twelve million </font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-style: italic;">Reais</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">) </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">are allocated </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">for </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">the </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">members of the Board of Directors e and R$ </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">9</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">3,000,000.00 (</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">nine</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">ty-three million </font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-style: italic;">Reais</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">)</font><font style="font-family: 'Century Gothic'; font-size: 9pt;"> are allocated</font><font style="font-family: 'Century Gothic'; font-size: 9pt;"> for </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">the </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">members of the </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">Statutory </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">Executive</font><font style="font-family: 'Century Gothic'; font-size: 9pt;"> Board. The </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">total amount proposed</font><font style="font-family: 'Century Gothic'; font-size: 9pt;"> considers</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">: (i)</font> <font style="font-family: 'Century Gothic'; font-size: 9pt;">compensation</font><font style="font-family: 'Century Gothic'; font-size: 9pt;"> of the members of the Board of Directors</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">, of a fully fixed nature</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">; (ii) fixed compensation of the </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">Statutory </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">Executive Board (including fixed monthly installment and direct and indirect benefits); (iii) short-term variable compensation for the </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">Statutory </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">Executive Board, linked to financial and non-financial goals; (iv) long-term variable compensation based on shares for the </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">Statutory </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">Executive Board; and (v) post-employment benefit</font><font style="font-family: 'Century Gothic'; font-size: 9pt;"> for the </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">Statutory </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">Executive Board</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">.</font> </p>
<p style="font-size: 9pt; line-height: 130%; margin: 0pt 0pt 6pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">The proposed annual global limit is </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">11% higher than</font><font style="font-family: 'Century Gothic'; font-size: 9pt;"> the limit approved by the Annual and Extraordinary General </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">Shareholders&#8217; </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">Meeting held on April 1</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">9</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">th</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">, 202</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">3</font><font style="font-family: 'Century Gothic'; font-size: 9pt;"> (&#8220;202</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">3</font><font style="font-family: 'Century Gothic'; font-size: 9pt;"> Meeting&#8221;), for the period from May 202</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">3</font><font style="font-family: 'Century Gothic'; font-size: 9pt;"> to April 202</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">4</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">, with the distinction of having smaller portions </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">of </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">fixed monthly payments in cash and higher expenses with the s</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">tock</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">-based </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">incentive</font><font style="font-family: 'Century Gothic'; font-size: 9pt;"> plan</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">. The increase of the global compensation is due to the strategy of retaining the executives in the long-term with </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">greater alignment of interests between </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">the</font><font style="font-family: 'Century Gothic'; font-size: 9pt;"> members, the </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">Company</font><font style="font-family: 'Century Gothic'; font-size: 9pt;"> and its shareholders</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">.</font></p>
<p style="font-size: 9pt; line-height: 130%; margin: 0pt 0pt 6pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">The </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">global</font><font style="font-family: 'Century Gothic'; font-size: 9pt;"> compensation actually paid in the period between May 202</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">3</font><font style="font-family: 'Century Gothic'; font-size: 9pt;"> and April 202</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">4</font><font style="font-family: 'Century Gothic'; font-size: 9pt;"> is estimated at an amount </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">18</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">% lower than that approved by the shareholders at the 202</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">3</font><font style="font-family: 'Century Gothic'; font-size: 9pt;"> Meeting, </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">is mainly due to the reduction of members in the Executive Board, which generated a reversal of expenses with the stock plan and a decrease of the average number of members of this body compared to the approved amount.</font></p>
<p style="font-size: 9pt; line-height: 130%; margin: 0pt 0pt 6pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">We highlight that the amounts included in this compensation proposal differ from those of </font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">Exhibit VI</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">,</font> <font style="font-family: 'Century Gothic'; font-size: 9pt;">due to the non-correspondence between the periods contemplated in each document</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">. </font></p>
<p style="font-size: 9pt; line-height: 130%; margin: 0pt 0pt 6pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 9pt; text-decoration: underline;">Management </font><font style="font-family: 'Century Gothic'; font-size: 9pt; text-decoration: underline;">r</font><font style="font-family: 'Century Gothic'; font-size: 9pt; text-decoration: underline;">ecommendation</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">: approval of the proposal</font><font style="font-family: 'Century Gothic'; font-size: 9pt;"> for</font> <font style="font-family: 'Century Gothic'; font-size: 9pt;">the </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">Management&#8217;s compensation.</font></p>
<p style="font-size: 9pt; line-height: 130%; margin: 0pt 0pt 6pt; text-align: justify;"><br></p>
<p style="font-size: 9pt; line-height: 130%; margin: 0pt 0pt 6pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-style: italic; font-weight: bold; letter-spacing: 0.8pt;">1.</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-style: italic; font-weight: bold; letter-spacing: 0.8pt;">4</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-style: italic; font-weight: bold; letter-spacing: 0.8pt;">) </font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-style: italic; font-weight: bold;">Election of the members of the Fiscal Council and </font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-style: italic; font-weight: bold;">their </font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-style: italic; font-weight: bold;">respective alternates, given the request for the installation of the Fiscal Council made by a shareholder representing more than 2% of the voting shares issued by the Company, under the terms of </font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-style: italic; font-weight: bold;">the Brazilian Federal&nbsp;</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-style: italic; font-weight: bold;">Law No. 6,404/76 and CVM Resolution 70/22 (&#8220;RCVM 70&#8221;)</font></p>
<p style="font-size: 9pt; line-height: 130%; margin: 0pt 0pt 6pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">We propose the election of the following candidates as members of the Company's </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">Fiscal Council</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">, as well as their alternates: </font></p>
<p style="font-size: 9pt; line-height: 130%; margin: 0pt 0pt 6pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">- Fl</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">a</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">vio Cesar Maia Luz (</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">effective</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">) / M&#225;rcio Augustus Ribeiro (</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">alternate</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">)</font></p>
<p style="font-size: 9pt; line-height: 130%; margin: 0pt 0pt 6pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">- &#201;lcio Arsenio Mattioli (</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">effective</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">) / Pedro Ozires </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">Predeus</font><font style="font-family: 'Century Gothic'; font-size: 9pt;"> (</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">alternate</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">)</font></p>
<p style="font-size: 9pt; line-height: 130%; margin: 0pt 0pt 6pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">- Marcelo Gon&#231;alves Farinha (</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">effective</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">) </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">/ Luiz Claudio Moraes&nbsp;(</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">alternate</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">)</font></p>
<p style="font-size: 9pt; line-height: 130%; margin: 0pt 0pt 6pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">The detailed information regarding the candidates is available in </font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">Exhibit V</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">, </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">corresponding to </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">items 7.3 to 7.6 of the Reference Form.</font></p>
<p style="font-size: 9pt; line-height: 130%; margin: 0pt; text-align: justify; text-indent: 0pt;"><font style="font-family: 'Century Gothic'; font-size: 9pt; text-decoration: underline;">Management </font><font style="font-family: 'Century Gothic'; font-size: 9pt; text-decoration: underline;">r</font><font style="font-family: 'Century Gothic'; font-size: 9pt; text-decoration: underline;">ecommendation</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">: approval of </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">the </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">candidates to members of the </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">Fiscal Council</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">.</font></p>
<p style="font-size: 9pt; line-height: 130%; margin: 0pt 0pt 6pt; text-align: justify;"><br></p>
<p style="margin:0pt"><br></p>
<p style="font-size: 9pt; line-height: 130%; margin: 0pt 0pt 6pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-style: italic; font-weight: bold; letter-spacing: 0.8pt;">1.</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-style: italic; font-weight: bold; letter-spacing: 0.8pt;">5</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-style: italic; font-weight: bold; letter-spacing: 0.8pt;">) Considering the item above, the </font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-style: italic; font-weight: bold; letter-spacing: 0.8pt;">establishment</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-style: italic; font-weight: bold; letter-spacing: 0.8pt;"> of the compensation of the members of the </font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-style: italic; font-weight: bold; letter-spacing: 0.8pt;">Fiscal Council</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-style: italic; font-weight: bold; letter-spacing: 0.8pt;"> for the term of office that begins in April 202</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-style: italic; font-weight: bold; letter-spacing: 0.8pt;">4</font></p>
<p style="font-size: 9pt; line-height: 130%; margin: 0pt 0pt 6pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">The </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">Management proposes the approval of the </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">global</font><font style="font-family: 'Century Gothic'; font-size: 9pt;"> compensation of the members of the </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">Fiscal Council</font><font style="font-family: 'Century Gothic'; font-size: 9pt;"> for their term of office (between May </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">202</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">4</font> <font style="font-family: 'Century Gothic'; font-size: 9pt;">and April </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">202</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">5</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">) in the amount of R$</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">7</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">3</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">,</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">2</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">00</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">.00 (seventy</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">-three</font><font style="font-family: 'Century Gothic'; font-size: 9pt;"> thousand</font><font style="font-family: 'Century Gothic'; font-size: 9pt;"> and two hundred</font> <font style="font-family: 'Century Gothic'; font-size: 9pt; font-style: italic;">Reais</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">) per month, of which R$ 30,000.00 (thirty thousand </font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-style: italic;">Reais</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">) per month for the chairman of the </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">Fiscal Council</font><font style="font-family: 'Century Gothic'; font-size: 9pt;"> and R$ </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">2</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">1</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">,</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">6</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">00</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">.00 (twenty</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">-one</font><font style="font-family: 'Century Gothic'; font-size: 9pt;"> thousand</font><font style="font-family: 'Century Gothic'; font-size: 9pt;"> and six hundred</font> <font style="font-family: 'Century Gothic'; font-size: 9pt; font-style: italic;">Reais</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">) per month for the other members. The proposed amount is </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">5</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">%</font> <font style="font-family: 'Century Gothic'; font-size: 9pt;">higher than the amount approved at the </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">202</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">3</font> <font style="font-family: 'Century Gothic'; font-size: 9pt;">Meeting for the period between May </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">202</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">3</font> <font style="font-family: 'Century Gothic'; font-size: 9pt;">and April </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">202</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">4</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">, </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">ensuring that the </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">compensation of the members </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">is aligned</font><font style="font-family: 'Century Gothic'; font-size: 9pt;"> with </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">the provisions </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">set forth by</font> <font style="font-family: 'Century Gothic'; font-size: 9pt;">the </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">Brazilian </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">Corporate Law</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">. The </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">global</font><font style="font-family: 'Century Gothic'; font-size: 9pt;"> compensation for members of the </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">Fiscal Council</font><font style="font-family: 'Century Gothic'; font-size: 9pt;"> recorded in such period was in line with the approved amount.</font></p>
<p style="font-size: 9pt; line-height: 130%; margin: 0pt 0pt 6pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">For further information on compensation for the Board of Directors, the Statutory and </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">n</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">on-Statutory Executive </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">Board</font><font style="font-family: 'Century Gothic'; font-size: 9pt;"> and the </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">Fiscal Council</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">, see </font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">Exhibit VI</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">, pursuant to item 8 of the Reference Form. We highlight that the amounts included in this compensation proposal differ from those of </font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">Exhibit VI</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">,</font> <font style="font-family: 'Century Gothic'; font-size: 9pt;">due to the non-correspondence between the periods contemplated in each document.</font></p>
<p style="font-size: 9pt; line-height: 130%; margin: 0pt 0pt 6pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 9pt; text-decoration: underline;">Management </font><font style="font-family: 'Century Gothic'; font-size: 9pt; text-decoration: underline;">r</font><font style="font-family: 'Century Gothic'; font-size: 9pt; text-decoration: underline;">ecommendation</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">: approval of the proposal </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">for</font><font style="font-family: 'Century Gothic'; font-size: 9pt;"> compensation of the </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">Fiscal Council</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">.</font></p>
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<p style="font-size: 9pt; line-height: 130%; margin: 0pt 0pt 0pt 17.85pt; text-align: justify; text-indent: -17.85pt;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold; letter-spacing: 0.8pt;">2)</font><font style="font: 7.0pt 'Times New Roman';">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold; letter-spacing: 0.8pt;">At the Extraordinary General Shareholders&#8217; Meeting:</font></p>







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<p style="font-size: 9pt; line-height: 130%; margin: 0pt 0pt 6pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-style: italic; font-weight: bold; letter-spacing: 0.8pt;">2.</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-style: italic; font-weight: bold; letter-spacing: 0.8pt;">1</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-style: italic; font-weight: bold; letter-spacing: 0.8pt;">) Amendments to the Company's Bylaws, as detailed in this Management Proposal </font></p>
<p style="font-size: 9pt; line-height: 130%; margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">The </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">Management proposes the approval of the amendments to </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">Ultrapar's</font><font style="font-family: 'Century Gothic'; font-size: 9pt;"> Bylaws, as described in the following items:</font></p>
<p style="font-size: 9pt; line-height: 130%; margin: 4pt 0pt 9.6pt 53.85pt; text-align: justify; text-indent: -17.85pt;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: normal;">(a)</font><font style="font: 7.0pt 'Times New Roman';">&nbsp;&nbsp; </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">Inclusion of activity in the Company&#8217;s corporate </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">purpose;</font></p>
<p style="font-size: 9pt; line-height: 130%; margin: 4pt 0pt 9.6pt 54pt; text-align: justify; text-indent: -18pt;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: normal;">(b)</font><font style="font: 7.0pt 'Times New Roman';">&nbsp;&nbsp;&nbsp; </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">Changes of competencies of the Board of </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">Directors;</font></p>
<p style="font-size: 9pt; line-height: 130%; margin: 4pt 0pt 9.6pt 54pt; text-align: justify; text-indent: -18pt;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: normal;">(c)</font><font style="font: 7.0pt 'Times New Roman';">&nbsp;&nbsp;&nbsp; </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">Exclusion of possibilities to replace members of the statutory advisory </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">committees;</font></p>
<p style="font-size: 9pt; line-height: 130%; margin: 4pt 0pt 9.6pt 54pt; text-align: justify; text-indent: -18pt;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: normal;">(d)</font><font style="font: 7.0pt 'Times New Roman';">&nbsp;&nbsp;&nbsp; </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">Change of nomenclature and competencies of the Board of Directors' advisory committees; and</font></p>
<p style="font-size: 9pt; line-height: 130%; margin: 4pt 0pt 9.6pt 54pt; text-align: justify; text-indent: -18pt;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: normal;">(e)</font><font style="font: 7.0pt 'Times New Roman';">&nbsp;&nbsp;&nbsp; </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">Simplification of the wording of statutory provisions, </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">as well as clarity and numbering adjustments</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">.</font></p>
<p style="font-size: 9pt; line-height: 130%; margin: 0pt 0pt 6pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">The information related to this item</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">, including</font><font style="font-family: 'Century Gothic'; font-size: 9pt;"> the justifications for these amendments</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">,</font><font style="font-family: 'Century Gothic'; font-size: 9pt;"> are available in the comparative table of the Bylaws in </font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">Exhibit I</font><font style="font-family: 'Century Gothic'; font-size: 9pt;"> of this Proposal, pursuant to RCVM 81.</font></p>
<p style="font-size: 9pt; line-height: 130%; margin: 0pt; text-align: justify; text-indent: 0pt;"><font style="font-family: 'Century Gothic'; font-size: 9pt; text-decoration: underline;">Management </font><font style="font-family: 'Century Gothic'; font-size: 9pt; text-decoration: underline;">r</font><font style="font-family: 'Century Gothic'; font-size: 9pt; text-decoration: underline;">ecommendation</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">: approval of amendments to </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">Ultrapar's</font><font style="font-family: 'Century Gothic'; font-size: 9pt;"> Bylaws</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">.</font></p>
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<p style="font-size: 9pt; line-height: 130%; margin: 0pt 0pt 6pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-style: italic; font-weight: bold; letter-spacing: 0.8pt;">2.</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-style: italic; font-weight: bold; letter-spacing: 0.8pt;">2</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-style: italic; font-weight: bold; letter-spacing: 0.8pt;">) Ratification of the change in the number of common shares into which the Company&#8217;s capital stock is divided</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-style: italic; font-weight: bold; letter-spacing: 0.8pt;">,</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-style: italic; font-weight: bold; letter-spacing: 0.8pt;"> due to the partial exercise of the rights conferred by the subscription warrants issued by the Company </font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-style: italic; font-weight: bold; letter-spacing: 0.8pt;">as </font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-style: italic; font-weight: bold; letter-spacing: 0.8pt;">of the merger of shares issued by </font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-style: italic; font-weight: bold; letter-spacing: 0.8pt;">Imifarma</font> <font style="font-family: 'Century Gothic'; font-size: 9pt; font-style: italic; font-weight: bold; letter-spacing: 0.8pt;">Produtos</font> <font style="font-family: 'Century Gothic'; font-size: 9pt; font-style: italic; font-weight: bold; letter-spacing: 0.8pt;">Farmac&#234;uticos</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-style: italic; font-weight: bold; letter-spacing: 0.8pt;"> e </font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-style: italic; font-weight: bold; letter-spacing: 0.8pt;">Cosm&#233;ticos</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-style: italic; font-weight: bold; letter-spacing: 0.8pt;"> S.A. </font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-style: italic; font-weight: bold; letter-spacing: 0.8pt;">by</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-style: italic; font-weight: bold; letter-spacing: 0.8pt;"> the Company</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-style: italic; font-weight: bold; letter-spacing: 0.8pt;">, approved </font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-style: italic; font-weight: bold; letter-spacing: 0.8pt;">by the Extraordinary General Shareholders&#8217; Meeting held on January 3</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-style: italic; font-weight: bold; letter-spacing: 0.8pt;">1st</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-style: italic; font-weight: bold; letter-spacing: 0.8pt;">, 2014</font></p>
<p style="font-size: 9pt; line-height: 130%; margin: 0pt 0pt 6pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">Due to the partial exercise of such subscription warrants on August </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">9th</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">, 202</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">3</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">,</font><font style="font-family: 'Century Gothic'; font-size: 9pt;"> and on February </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">28</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">th</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">, 202</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">4</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">, </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">199</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">,</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">977</font><font style="font-family: 'Century Gothic'; font-size: 9pt;"> (</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">one hundred and ninety-nine </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">thousand, </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">nine</font><font style="font-family: 'Century Gothic'; font-size: 9pt;"> hundred and </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">seventy</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">-</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">seven</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">) common shares were issued within the authorized capital limit, as provided for in article 6 of the Company's Bylaws. As a result of such issuance</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">s</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">, the Company's capital stock is now represented by 1,115,</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">4</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">04,2</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">68</font><font style="font-family: 'Century Gothic'; font-size: 9pt;"> (one billion, one hundred and fifteen million, </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">four</font><font style="font-family: 'Century Gothic'; font-size: 9pt;"> hundred and four thousand, two hundred and </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">sixty-eight</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">) common shares, all registered and with no par value. Considering that no additional payment was due for the exercise of subscription warrants, the issuance</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">s</font><font style="font-family: 'Century Gothic'; font-size: 9pt;"> did not result in a change in the amount of the capital stock.</font></p>
<p style="font-size: 9pt; line-height: 130%; margin: 0pt 0pt 6pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">In order to</font><font style="font-family: 'Century Gothic'; font-size: 9pt;"> reflect the issuances already effected as mentioned above, </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">the </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">Management also proposes the change of the wording of the caption of Article 5 of the Company</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">&#8217;</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">s Bylaws, according to the comparative table of the Bylaws contained in </font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">Exhibit I</font> <font style="font-family: 'Century Gothic'; font-size: 9pt;">of</font><font style="font-family: 'Century Gothic'; font-size: 9pt;"> this Proposal.</font></p>
<p style="font-size: 9pt; line-height: 130%; margin: 0pt; text-align: justify; text-indent: 0pt;"><font style="font-family: 'Century Gothic'; font-size: 9pt; text-decoration: underline;">Management </font><font style="font-family: 'Century Gothic'; font-size: 9pt; text-decoration: underline;">r</font><font style="font-family: 'Century Gothic'; font-size: 9pt; text-decoration: underline;">ecommendation</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">: approval of the proposal for </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">the </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">ratification of the change in the number of common shares into which the Company&#8217;s capital stock is divided.</font></p>
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<p style="font-size: 9pt; line-height: 130%; margin: 0pt 0pt 6pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-style: italic; font-weight: bold; letter-spacing: 0.8pt;">2.</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-style: italic; font-weight: bold; letter-spacing: 0.8pt;">3</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-style: italic; font-weight: bold; letter-spacing: 0.8pt;">) Approval of the consolidation of the Bylaws, </font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-style: italic; font-weight: bold; letter-spacing: 0.8pt;">in order to</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-style: italic; font-weight: bold; letter-spacing: 0.8pt;"> reflect the changes proposed in the items above</font></p>
<p style="font-size: 9pt; line-height: 130%; margin: 0pt 0pt 6pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">The </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">Management proposes the consolidation of </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">Ultrapar&#8217;s</font><font style="font-family: 'Century Gothic'; font-size: 9pt;"> Bylaws </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">in order to</font><font style="font-family: 'Century Gothic'; font-size: 9pt;"> reflect the changes described in items 2.</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">1</font> <font style="font-family: 'Century Gothic'; font-size: 9pt;">and 2.</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">2</font><font style="font-family: 'Century Gothic'; font-size: 9pt;"> of this Proposal. </font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">Exhibit I</font><font style="font-family: 'Century Gothic'; font-size: 9pt;"> of this </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">document</font><font style="font-family: 'Century Gothic'; font-size: 9pt;"> includes the comparative table of the proposed amendments to the Bylaws, in addition to the respective justifications for the said amendments, pursuant to </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">R</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">CVM 81.</font></p>
<p style="font-size: 9pt; line-height: 130%; margin: 0pt; text-align: justify; text-indent: 0pt;"><font style="font-family: 'Century Gothic'; font-size: 9pt; text-decoration: underline;">Management </font><font style="font-family: 'Century Gothic'; font-size: 9pt; text-decoration: underline;">r</font><font style="font-family: 'Century Gothic'; font-size: 9pt; text-decoration: underline;">ecommendation</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">: approval of the proposal for </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">the </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">consolidation of </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">Ultrapar's</font><font style="font-family: 'Century Gothic'; font-size: 9pt;"> Bylaws.</font></p>
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<p style="font-size: 9pt; line-height: 1.2; margin: 0pt 0pt 6pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold; letter-spacing: 0.8pt; line-height: inherit;">Access to documents and information</font></p>
<p style="font-size: 11pt; line-height: 1.2; margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">In accordance </font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">with</font> <font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">Ulltrapar's</font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;"> Bylaws and </font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">R</font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">CVM 81, the documents and information regarding the matters to be approved, including the remote voting </font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">forms</font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;"> for the </font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">Annual</font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;"> General </font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">Shareholders&#8217; </font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">Meeting and the Extraordinary General </font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">Shareholders&#8217; </font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">Meeting, and any other matters relevant to the exercise of voting rights at the </font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">Shareholders&#8217; </font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">Meeting, were filed with the CVM, and are </font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">available </font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">o</font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">n CVM&#8217;s website (</font><font style="color: #3333ff; font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">www.cvm.gov.br</font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">), </font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">at</font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;"> the Company's headquarters, on B3&#8217;</font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">s</font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;"> website (</font><font style="color: #3333ff; font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">www.b3.com.br</font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">) and on the Company&#8217;s website (</font><font style="color: #3333ff; font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">ri.ultra.com.br</font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">).</font></p>
<p style="font-size: 9pt; line-height: 1.2; margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 9pt; letter-spacing: 0.8pt; line-height: inherit;">&nbsp;</font></p>
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<p style="font-size: 9pt; line-height: 130%; margin: 0pt; text-align: center;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">S&#227;o Paulo, </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">March</font><font style="font-family: 'Century Gothic'; font-size: 9pt;"> 1</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">5</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">th</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">, 202</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">4</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">.</font></p>
<p style="font-size: 9pt; line-height: 130%; margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 9pt; letter-spacing: 0.8pt;">&nbsp;</font></p>
<p style="font-size: 9pt; line-height: 130%; margin: 0pt; text-align: center;"><font style="font-family: 'Century Gothic'; font-size: 9pt; letter-spacing: 0.8pt;">&nbsp;</font></p>
<p style="font-size: 9pt; line-height: 130%; margin: 0pt; text-align: center;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold; letter-spacing: 0.8pt;">Jorge Marques de Toledo Cama</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold; letter-spacing: 0.8pt;">rgo</font></p>
<p style="font-size: 9pt; line-height: 130%; margin: 0pt; text-align: center;"><font style="font-family: 'Century Gothic'; font-size: 9pt; letter-spacing: 0.8pt;">Chairman of the Board of Directors</font></p>
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<p style="margin: 0pt; orphans: 0; text-align: center; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;"><a style="text-decoration: none; color: #000000; cursor: default; outline: none; pointer-events: none;" href="#TOC" name="Bex1_922024694894" class="customBookmark">Exhibit I</a> &#8211; Report on the source and rationale for the proposed amendments to the Bylaws of Ultrapar </font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">Participa&#231;&#245;es</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;"> S.A.</font></p>
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<p style="margin: 0pt; orphans: 0; text-align: center; widows: 0;"><font style="color: #ffffff; font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold; letter-spacing: 0.8pt;">Current version</font></p>















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<p style="margin: 0pt; orphans: 0; text-align: center; widows: 0;"><font style="color: #ffffff; font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold; letter-spacing: 0.8pt;">Comments/Justifications on proposed changes</font></p>















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<p style="margin: 0pt; orphans: 0; text-align: center; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold; letter-spacing: 0.8pt;">ULTRAPAR PARTICIPA&#199;&#213;ES S.A.</font></p>
<p style="margin: 0pt; orphans: 0; text-align: center; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold; letter-spacing: 0.8pt;">BYLAWS</font></p>
<p style="margin: 0pt; orphans: 0; text-align: center; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">&nbsp;</font></p>
<p style="margin: 0pt; orphans: 0; text-align: center; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">C</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">HAPTER</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;"> I</font></p>
<p style="margin: 0pt; orphans: 0; text-align: center; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">Name, Headquarters, </font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">Purpose</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;"> and Term</font></p>
<p style="margin: 0pt; orphans: 0; text-align: center; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">&nbsp;</font></p>
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">Arti</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">cle</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;"> 1</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">.</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;&nbsp;</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">The Company is an authorized capital company</font> <font style="font-family: 'Century Gothic'; font-size: 9pt;">(</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-style: italic;">sociedade</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-style: italic;"> de capital </font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-style: italic;">autorizado</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-style: italic;">).</font> <font style="font-family: 'Century Gothic'; font-size: 9pt;">The name of the Company is </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">ULTRAPAR PARTICIPA&#199;&#213;ES S.A.</font></p>
<p style="margin: 0pt; orphans: 0; text-align: center; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">&nbsp;</font></p>















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<p style="margin: 0pt; orphans: 0; text-align: center; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold; letter-spacing: 0.8pt;">ULTRAPAR PARTICIPA&#199;&#213;ES S.A.</font></p>
<p style="margin: 0pt; orphans: 0; text-align: center; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold; letter-spacing: 0.8pt;">BYLAWS</font></p>
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<p style="margin: 0pt; orphans: 0; text-align: center; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">CHAPTER I</font></p>
<p style="margin: 0pt; orphans: 0; text-align: center; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">Name, Headquarters, </font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">Purpose</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;"> and Term</font></p>
<p style="margin: 0pt; orphans: 0; text-align: center; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">&nbsp;</font></p>
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">Article</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;"> 1</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">.</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">The Company is an authorized capital company (</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-style: italic;">sociedade</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-style: italic;"> de capital </font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-style: italic;">autorizado</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">).&nbsp; The name of the Company is ULTRAPAR PARTICIPA&#199;&#213;ES S.A</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">.&nbsp;</font></p>
<p style="margin: 0pt; orphans: 0; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">&nbsp;</font></p>















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<p style="margin: 0pt; orphans: 0; text-align: center; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold; letter-spacing: 0.8pt;">ULTRAPAR PARTICIPA&#199;&#213;ES S.A.</font></p>
<p style="margin: 0pt; orphans: 0; text-align: center; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold; letter-spacing: 0.8pt;">BYLAWS</font></p>
<p style="margin: 0pt; orphans: 0; text-align: center; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">&nbsp;</font></p>
<p style="margin: 0pt; orphans: 0; text-align: center; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">CHAPTER I</font></p>
<p style="margin: 0pt; orphans: 0; text-align: center; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">Name, Headquarters, </font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">Purpose</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;"> and Term</font></p>
<p style="margin: 0pt; orphans: 0; text-align: center; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">&nbsp;</font></p>
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">Article</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;"> 1</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">.</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">The Company is an authorized capital company (</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-style: italic;">sociedade</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-style: italic;"> de capital </font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-style: italic;">autorizado</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">).&nbsp; The name of the Company is ULTRAPAR PARTICIPA&#199;&#213;ES S.A</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">.</font></p>
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">&nbsp;</font></p>















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<p style="margin: 0pt; orphans: 0; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">N/A</font></p>















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<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">Sole Paragraph.</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font> <font style="font-family: 'Century Gothic'; font-size: 9pt;">The Company&#8217;s listing on the New Market (</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-style: italic;">Novo Mercado</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">) special segment of B3 S.A. &#8211; Brasil, Bolsa, </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">Balc&#227;o</font><font style="font-family: 'Century Gothic'; font-size: 9pt;"> (&#8220;B3&#8221;) subjects the Company, its shareholders including controlling shareholders, if applicable, its management and members of the Fiscal Council, if installed, to the Regulations of the New Market of B3 (&#8220;New Market Regulation&#8221;).</font></p>
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;</font></p>















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<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">Sole Paragraph</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">.</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font> <font style="font-family: 'Century Gothic'; font-size: 9pt;">The Company&#8217;s listing on the New Market (</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-style: italic;">Novo Mercado</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">) special segment of B3 S.A. &#8211; Brasil, Bolsa, </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">Balc&#227;o</font><font style="font-family: 'Century Gothic'; font-size: 9pt;"> (&#8220;B3&#8221;) subjects the Company, its shareholders including controlling shareholders, if applicable, its management and members of the Fiscal Council, if installed, to the Regulations of the New Market of B3 (&#8220;New Market Regulation&#8221;)</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">.</font></p>
<p style="margin: 0pt; orphans: 0; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">&nbsp;</font></p>















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<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">Sole Paragraph.</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font style="font-family: 'Century Gothic'; font-size: 9pt;"> The Company&#8217;s listing on the New Market (</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-style: italic;">Novo Mercado</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">) special segment of B3 S.A. &#8211; Brasil, Bolsa, </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">Balc&#227;o</font><font style="font-family: 'Century Gothic'; font-size: 9pt;"> (&#8220;B3&#8221;) subjects the Company, its shareholders including controlling shareholders, if applicable, its management and members of the Fiscal Council, if installed, to the Regulations of the New Market of B3 (&#8220;New Market Regulation&#8221;).</font></p>
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;</font></p>















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<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">N/A</font></p>















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<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">Arti</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">cle</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;"> 2</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">.</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">The Company&#8217;s headquarters and jurisdiction </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">are located in</font><font style="font-family: 'Century Gothic'; font-size: 9pt;"> the city of S&#227;o Paulo, State of S&#227;o Paulo</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">.</font></p>
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">&nbsp;</font></p>















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<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">Article</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;"> 2</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">.</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">The Company&#8217;s headquarters and jurisdiction </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">are located in</font><font style="font-family: 'Century Gothic'; font-size: 9pt;"> the city of S&#227;o Paulo, State of S&#227;o Paulo</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">.</font></p>
<p style="margin: 0pt; orphans: 0; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">&nbsp;</font></p>















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<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">Article</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;"> 2</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">.</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">The Company&#8217;s headquarters and jurisdiction </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">are located in</font><font style="font-family: 'Century Gothic'; font-size: 9pt;"> the city of S&#227;o Paulo, State of S&#227;o Paulo</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">.</font></p>
<p style="margin: 0pt;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">&nbsp;</font></p>















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<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">N/A</font></p>















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<p style="margin: 0pt; orphans: 0; text-align: center; widows: 0;"><font style="color: #ffffff; font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold; letter-spacing: 0.8pt;">Current version</font></p>














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<p style="margin: 0pt; orphans: 0; text-align: center; widows: 0;"><font style="color: #ffffff; font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold; letter-spacing: 0.8pt;">Amended version</font></p>














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<p style="margin: 0pt; orphans: 0; text-align: center; widows: 0;"><font style="color: #ffffff; font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold; letter-spacing: 0.8pt;">Comments/Justifications on proposed changes</font></p>














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<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">Arti</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">cle</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;"> 3</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">.</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">The purpose of the Company is to invest its own capital in commerce, industry, </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">agriculture</font><font style="font-family: 'Century Gothic'; font-size: 9pt;"> and service provision, through the subscription or acquisition of shares or quotas of other </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">companies.</font></p>
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">&nbsp;</font></p>














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<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">Article</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;"> 3</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">.</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">The purpose of the Company is to invest its own capital in commerce, industry, </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">agriculture</font><font style="font-family: 'Century Gothic'; font-size: 9pt;"> and service provision, through the subscription or acquisition of shares or quotas of other companies, as well as the provision of the services usually provided by a holding company for businesses management</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">. </font></p>
<p style="margin: 0pt; orphans: 0; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">&nbsp;</font></p>














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<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">Article</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;"> 3&#186;</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">.</font> <font style="font-family: 'Century Gothic'; font-size: 9pt;">The</font><font style="font-family: 'Century Gothic'; font-size: 9pt;"> purpose of the Company is to invest its own capital in commerce, industry, </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">agriculture</font><font style="font-family: 'Century Gothic'; font-size: 9pt;"> and service provision, through the subscription or acquisition of shares or quotas of other companies</font><font style="color: #ff0000; font-family: 'Century Gothic'; font-size: 9pt;">, as well as the provision of the services usually provided by a holding company for businesses management.</font></p>














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<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">Adjustment to allow the Company to provide typical holding services for business management to uncontrolled companies or third parties</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">.</font></p>














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<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">Arti</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">cle</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;"> 4</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">.</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">The Company is organized for an indefinite term</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">.</font></p>
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">&nbsp;</font></p>














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<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">Article</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;"> 4</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">.</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">The Company is organized for an indefinite term</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">.</font></p>
<p style="margin: 0pt; orphans: 0; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">&nbsp;</font></p>














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<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">Article</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;"> 4</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">.</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">The Company is organized for an indefinite ter</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">m</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">.</font></p>
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">&nbsp;</font></p>














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<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">N/A</font></p>














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<p style="margin: 0pt; page-break-after: avoid; text-align: center;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">C</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">HAPTER</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;"> II</font></p>
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">Capital S</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">tock and Shares</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">Arti</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">cle</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;"> 5</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">.</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">The subscribed and paid-in capital stock is R$ 6,621,751,608.08 (six billion, six hundred and twenty-one million, seven hundred and fifty-one thousand, six hundred and eight Reais and eight cents) represented by one billion, one hundred and fifteen million, two hundred and four thousand, two hundred ninety-one (1,115,204,291) nominative common shares, with no par</font> <font style="font-family: 'Century Gothic'; font-size: 9pt;">value, and with no issuance of preferred shares or founder&#8217;s shares permitted</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">.</font></p>
<p style="margin: 0pt; page-break-after: avoid; text-align: center;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">&nbsp;</font></p>














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<p style="margin: 0pt; page-break-after: avoid; text-align: center;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">CHAPTER II</font></p>
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">Capital Stock and Shares</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">Article</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;"> 5</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">.</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">The subscribed and paid-in capital stock is R$ 6,621,751,608.08 (six billion, six hundred and twenty-one million, seven hundred and fifty-one thousand, six hundred and eight Reais and eight cents) represented by one billion, one hundred and fifteen million, four hundred and four thousand, two hundred and sixty-eight (1,115,404,268) nominative common shares, with no par value, and with no issuance of preferred shares or founder&#8217;s shares permitted</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">.</font> </p>
<p style="margin: 0pt; orphans: 0; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">&nbsp;</font></p>














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<p style="margin: 0pt; page-break-after: avoid; text-align: center;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">CHAPTER II</font></p>
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">Capital Stock and Shares</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">Article</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;"> 5</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">.</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">The subscribed and paid-in capital stock is R$ 6,621,751,608.08 (six billion, six hundred and twenty-one million, seven hundred and fifty-one thousand, six hundred and eight Reais and eight cents) represented by</font> <font style="color: #ff0000; font-family: 'Century Gothic'; font-size: 9pt; text-decoration: line-through;">one billion, one hundred and fifteen million, two hundred and four thousand, two hundred ninety-one (1,115,204,291)</font> <font style="color: #ff0000; font-family: 'Century Gothic'; font-size: 9pt;">one billion, one hundred and fifteen million, four hundred and four thousand, two hundred and sixty-eight (1,115,404,268) </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">nominative common shares, with no par value, and with no issuance of preferred shares or founder&#8217;s shares permitted</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">.</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">&nbsp;</font></p>














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<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">Adjustments to reflect the share issuances that occurred on August 9, </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">2023</font><font style="font-family: 'Century Gothic'; font-size: 9pt;"> and February 28, 2024, due to the partial exercise of rights conferred by subscription warrants issued by the Company upon the incorporation of shared of </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">Imifarma</font> <font style="font-family: 'Century Gothic'; font-size: 9pt;">Produtos</font> <font style="font-family: 'Century Gothic'; font-size: 9pt;">Farmac&#234;uticos</font><font style="font-family: 'Century Gothic'; font-size: 9pt;"> e </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">Cosm&#233;ticos</font><font style="font-family: 'Century Gothic'; font-size: 9pt;"> S.A., approved by the Extraordinary General Meeting of January 31, 2014.</font></p>














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<p style="margin: 0pt; orphans: 0; text-align: center; widows: 0;"><font style="color: #ffffff; font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold; letter-spacing: 0.8pt;">Comments/Justifications on proposed changes</font></p>














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<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">&#167;1&#186;</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">All of</font><font style="font-family: 'Century Gothic'; font-size: 9pt;"> the Company shares are in book-entry form and held in a deposit account with a financial institution authorized by the Brazilian Securities and Exchange Commission &#8211; CVM, in the name of their holders, without certificates issued</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">.</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;</font></p>














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<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">&#167;1&#186;</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">All of</font><font style="font-family: 'Century Gothic'; font-size: 9pt;"> the Company shares are in book-entry form and held in a deposit account with a financial institution authorized by the Brazilian Securities and Exchange Commission &#8211; CVM, in the name of their holders, without certificates issued</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">.</font></p>
<p style="margin: 0pt; orphans: 0; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;</font></p>














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<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">&#167;1&#186;</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">All of</font><font style="font-family: 'Century Gothic'; font-size: 9pt;"> the Company shares are in book-entry form and held in a deposit account with a financial institution authorized by the Brazilian Securities and Exchange Commission &#8211; CVM, in the name of their holders, without certificates issued.</font></p>
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<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">N/A</font></p>














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<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">&#167;2&#186;</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">The</font><font style="font-family: 'Century Gothic'; font-size: 9pt;"> transfer and record cost, as well as the cost of the services relating to the book-entry shares, may be charged directly to the shareholder by the bookkeeping institution, as set forth in the stock bookkeeping agreement</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">.</font></p>
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<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">&#167;2&#186;</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">The</font><font style="font-family: 'Century Gothic'; font-size: 9pt;"> transfer and record cost, as well as the cost of the services relating to the book-entry shares, may be charged directly to the shareholder by the bookkeeping institution, as set forth in the stock bookkeeping agreement</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">.</font></p>
<p style="margin: 0pt; orphans: 0; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">&nbsp;</font></p>














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<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">&#167;2&#186;</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">The</font><font style="font-family: 'Century Gothic'; font-size: 9pt;"> transfer and record cost, as well as the cost of the services relating to the book-entry shares, may be charged directly to the shareholder by the bookkeeping institution, as set forth in the stock bookkeeping agreement.</font></p>
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<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">N/A</font></p>














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<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">Article</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;"> 6</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">.</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">The Company is authorized to increase its capital stock up to the limit of one billion and six hundred million (1,600,000,000) common shares, by resolution of the Board of Directors, notwithstanding any amendment to the Bylaws</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">.</font></p>
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">&nbsp;</font></p>














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<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">Article</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;"> 6</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">.</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font> <font style="font-family: 'Century Gothic'; font-size: 9pt;">The Company is authorized to increase its capital stock up to the limit of one billion and six hundred million (1,600,000,000) common shares, by resolution of the Board of Directors, notwithstanding any amendment to the Bylaws</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">.</font></p>
<p style="margin: 0pt; orphans: 0; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">&nbsp;</font></p>














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<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">Article</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;"> 6</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">.</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font> <font style="font-family: 'Century Gothic'; font-size: 9pt;">The Company is authorized to increase its capital stock up to the limit of one billion and six hundred million</font><font style="font-family: 'Century Gothic'; font-size: 9pt;"> (1,600,000,000) common shares, by resolution of the Board of Directors, notwithstanding any amendment to the Bylaws.</font></p>
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">&nbsp;</font></p>














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<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">N/A</font></p>














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<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">Article</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;"> 7</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">.</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">The subscription and payment of shares issued by the Company shall follow the criteria provided for in this Article</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">:</font></p>
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">&nbsp;</font></p>














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<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">Article</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;"> 7</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">.</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">The subscription and payment of shares issued by the Company shall follow the criteria provided for in this Article</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">:</font></p>
<p style="margin: 0pt; orphans: 0; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">&nbsp;</font></p>














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<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">Article 7</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">.</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">The subscription and payment of shares issued by the Company shall follow the criteria provided for in this Article:</font></p>
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">&nbsp;</font></p>














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<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">N/A</font></p>














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<p style="margin: 0pt; orphans: 0; text-align: center; widows: 0;"><font style="color: #ffffff; font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold; letter-spacing: 0.8pt;">Current version</font></p>














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<p style="margin: 0pt; orphans: 0; text-align: center; widows: 0;"><font style="color: #ffffff; font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold; letter-spacing: 0.8pt;">Proposed version</font></p>














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<p style="margin: 0pt; orphans: 0; text-align: center; widows: 0;"><font style="color: #ffffff; font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold; letter-spacing: 0.8pt;">Amended version</font></p>














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<p style="margin: 0pt; orphans: 0; text-align: center; widows: 0;"><font style="color: #ffffff; font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold; letter-spacing: 0.8pt;">Comments/Justifications on proposed changes</font></p>














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<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">a) </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">up to the limit of the authorized capital, the issuance, amount, price and term for payment of the shares to be issued by the Company shall be provided for by the Board of </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">Directors</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">;</font></p>
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;</font></p>
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">b) </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">the resolution to increase the capital stock for payment in assets, other than monetary credits, may only be made at a Shareholders&#8217; Meeting; and</font></p>
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;</font></p>
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">c) </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">upon the issuance of new shares, debentures convertible into shares or subscription warrants offered on a stock exchange, public subscription or share exchange in a tender offer for the acquisition of corporate control, the Board of Directors may waive the preemptive rights of the former </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">shareholders or reduce the period for the exercise thereof</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">.</font></p>
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;</font></p>














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<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">a) </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">up to the limit of the authorized capital, the issuance, amount, price and term for payment of the shares to be issued by the Company shall be provided for by the Board of </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">Directors</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">;</font></p>
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;</font></p>
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">b) </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">the resolution to increase the capital stock for payment in assets, other than monetary credits, may only be made at a Shareholders&#8217; Meeting; and</font></p>
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;</font></p>
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">c) </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">upon the issuance of new shares, debentures convertible into shares or subscription warrants offered on a stock exchange, public subscription or share exchange in a tender offer for the acquisition of corporate control, the Board of Directors may waive the preemptive rights of the&nbsp;</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">shareholders or reduce the period for the exercise thereof</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">.</font></p>
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<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">a) up to the limit of the authorized capital, the issuance, amount, price and term for payment of the shares to be issued by the Company shall be provided for by the Board of </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">Directors;</font></p>
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;</font></p>
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">b) the resolution to increase the capital stock for payment in assets, other than monetary credits, may only be made at a Shareholders&#8217; Meeting; and</font></p>
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;</font></p>
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">c)</font> <font style="font-family: 'Century Gothic'; font-size: 9pt;">upon the issuance of new shares, debentures convertible into shares or subscription warrants offered on a stock exchange, public subscription or share exchange in a tender offer for the acquisition of corporate control, the Board of Directors may waive the preemptive rights of the</font><font style="color: #ff0000; font-family: 'Century Gothic'; font-size: 9pt; text-decoration: line-through;"> former</font> <font style="font-family: 'Century Gothic'; font-size: 9pt;">shareholders or reduce the period for the exercise thereof.</font> </p>
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<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">Adjustment for better understanding.</font></p>














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<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">Article</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;"> 8</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">.</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">The Company may grant shares or stock options through shares or stock option plans, approved by a Shareholders&#8217; Meeting, to the management and employees</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">.</font></p>
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">&nbsp;</font></p>














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<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">Article</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;"> 8</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">.</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">The Company may grant shares or stock options through shares or stock option plans, approved by a Shareholders&#8217; Meeting, to the management and employees</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">.</font></p>
<p style="margin: 0pt; orphans: 0; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;</font></p>














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<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">Article 8</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">.</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">The Company may grant shares or stock options through shares or stock option plans, approved by a Shareholders&#8217; Meeting, to the management and employees.</font></p>
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">&nbsp;</font></p>














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<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">N/A</font></p>














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<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">Article</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;"> 9</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">. </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">Each common share entitles the holder thereof to one vote for resolutions made at the Shareholders&#8217; Meetings</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">. </font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">&nbsp;</font></p>














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<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">Article</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;"> 9</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">. </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">Each common share entitles the holder thereof to one vote for resolutions made at the Shareholders&#8217; Meetings</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">. </font></p>
<p style="margin: 0pt; orphans: 0; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">&nbsp;</font></p>














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<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">Article 9</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">. </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">Each common share entitles the holder thereof to one vote for resolutions made at the Shareholders&#8217; Meetings. </font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">&nbsp;</font></p>














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<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">N/A</font></p>














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<p style="margin: 0pt; orphans: 0; text-align: center; widows: 0;"><font style="color: #ffffff; font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold; letter-spacing: 0.8pt;">Current version</font></p>














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<p style="margin: 0pt; orphans: 0; text-align: center; widows: 0;"><font style="color: #ffffff; font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold; letter-spacing: 0.8pt;">Proposed version</font></p>














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<p style="margin: 0pt; orphans: 0; text-align: center; widows: 0;"><font style="color: #ffffff; font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold; letter-spacing: 0.8pt;">Amended version</font></p>














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<p style="margin: 0pt; orphans: 0; text-align: center; widows: 0;"><font style="color: #ffffff; font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold; letter-spacing: 0.8pt;">Comments/Justifications on proposed changes</font></p>














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<p style="margin: 0pt; page-break-after: avoid; text-align: center;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">CHAPTER</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;"> III</font></p>
<p style="margin: 0pt; page-break-after: avoid; text-align: center;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">Shareholders&#8217; Meetings</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">Article</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;"> 10</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">.</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">The annual Shareholders&#8217; Metting shall be called by the Board of Directors within the first four (4) months upon conclusion of the fiscal year and extraordinary meetings shall be held whenever the Company&#8217;s interest shall so require</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">. </font></p>
<p style="margin: 0pt; page-break-after: avoid; text-align: center;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">&nbsp;</font></p>














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<p style="margin: 0pt; page-break-after: avoid; text-align: center;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">CHAPTER</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;"> III</font></p>
<p style="margin: 0pt; page-break-after: avoid; text-align: center;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">Shareholders&#8217; Meetings</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">Article</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;"> 10</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">.</font> <font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">The annual Shareholders&#8217; Meeting shall be called by the Board of Directors within the first 4 months upon conclusion of the fiscal year and extraordinary meetings shall be held whenever the Company&#8217;s interest shall so require</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">. </font></p>
<p style="margin: 0pt; orphans: 0; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">&nbsp;</font></p>














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<p style="margin: 0pt; page-break-after: avoid; text-align: center;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">CHAPTER III</font></p>
<p style="margin: 0pt; page-break-after: avoid; text-align: center;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">Shareholders&#8217; Meetings</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">Article 10</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">.</font> <font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">The annual Shareholders&#8217; Meeting shall be called by the Board of Directors within the first </font><font style="color: #ff0000; font-family: 'Century Gothic'; font-size: 9pt; text-decoration: line-through;">four</font><font style="color: #ff0000; font-family: 'Century Gothic'; font-size: 9pt; text-decoration: line-through;"> (</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">4</font><font style="color: #ff0000; font-family: 'Century Gothic'; font-size: 9pt; text-decoration: line-through;">)</font><font style="font-family: 'Century Gothic'; font-size: 9pt;"> months upon conclusion of the fiscal year and extraordinary meetings shall be held whenever the Company&#8217;s interest shall so require. </font></p>
<p style="margin: 0pt; page-break-after: avoid; text-align: center;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">&nbsp;</font></p>














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<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">Wording adjustment</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">.</font></p>














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<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">&#167; 1&#186;</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">Documents pertaining to the matters to be deliberated upon at the Shareholders&#8217; Meetings shall be made available to the shareholders, at the Company&#8217;s headquarters, at the date of publication of the first call notice, except if a longer period for making such documents available is otherwise required by law or applicable regulations</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">.</font></p>
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;</font></p>














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<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">&#167; 1&#186;</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">Documents pertaining to the matters to be deliberated upon at the Shareholders&#8217; Meetings shall be made available to the shareholders, at the Company&#8217;s headquarters, at the date of publication of the first call notice, except if a longer period for making such documents available is otherwise required by law or applicable regulations</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">.</font></p>
<p style="margin: 0pt; orphans: 0; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">&nbsp;</font></p>














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<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">&#167; 1&#186;</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">Documents pertaining to the matters to be deliberated upon at the Shareholders&#8217; Meetings shall be made available to the shareholders, at the Company&#8217;s headquarters, at the date of publication of the first call notice, except if a longer period for making such documents available is otherwise required by law or applicable regulations.</font></p>
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<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">N/A</font></p>














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<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">&#167; 2&#186;</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">The Shareholders&#8217; Meeting shall be presided over by the Chairman of the Board of Directors or by whom he/she may designate. In the absence </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">of the Chairman and of his/her designation, the Shareholders&#8217; Meeting shall be presided over by the Vice-Chairman of the Board of Directors, or by whom he/she may designate. The chairman of the Meeting shall choose one of the attendees to act as secretary of the meeting</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">.</font></p>
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;</font></p>














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<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">&#167; 2&#186;</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">The Shareholders&#8217; Meeting shall be presided over by the Chairman of the Board of Directors or by whom he/she may designate. In the absence </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">of the Chairman and of his/her designation, the Shareholders&#8217; Meeting shall be presided over by the Vice-Chairman of the Board of Directors, or by whom he/she may designate. The chairman of the Meeting shall choose one of the attendees to act as secretary of the meeting</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">.</font></p>
<p style="margin: 0pt; orphans: 0; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">&nbsp;</font></p>














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<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">&#167; 2&#186;</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">The Shareholders&#8217; Meeting shall be presided over by the Chairman of the Board of Directors or by whom he/she may designate. In the absence </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">of the Chairman and of his/her designation, the Shareholders&#8217; Meeting shall be presided over by the Vice-Chairman of the Board of Directors, or by whom he/she may designate. The chairman of the Meeting shall choose one of the attendees to act as secretary of the meeting.</font></p>
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;</font></p>














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<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">N/A</font></p>














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<p style="margin: 0pt; orphans: 0; text-align: center; widows: 0;"><font style="color: #ffffff; font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold; letter-spacing: 0.8pt;">Current version</font></p>














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<p style="margin: 0pt; orphans: 0; text-align: center; widows: 0;"><font style="color: #ffffff; font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold; letter-spacing: 0.8pt;">Comments/Justifications on proposed changes</font></p>














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<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">&#167; 3&#186;</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">The</font><font style="font-family: 'Century Gothic'; font-size: 9pt;"> chairman of the Meeting shall have the exclusive power, in compliance with the rules provided for in these Bylaws, to conduct the election of the members of the Board of Directors, including any decision relating to the number of votes of each shareholder</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">.</font></p>
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<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">&#167; 3&#186;</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">The</font><font style="font-family: 'Century Gothic'; font-size: 9pt;"> chairman of the Meeting shall have the exclusive power, in compliance with the rules provided for in these Bylaws, to conduct the election of the members of the Board of Directors, including any decision relating to the number of votes of each shareholder</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">.</font></p>
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<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">&#167; 3&#186;</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">The</font><font style="font-family: 'Century Gothic'; font-size: 9pt;"> chairman of the Meeting shall have the exclusive power, in compliance with the rules provided for in these Bylaws, to conduct the election of the members of the Board of Directors, including any decision relating to the number of votes of each shareholder.</font></p>
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;</font></p>














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<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">N/A</font></p>














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<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">&#167; 4&#186;</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">If the General Meeting is held in person, the shareholders who appear at the Shareholders&#8217; Meeting after its commencement may take part in the meeting, however they shall not be entitled to vote on any resolution</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">.</font></p>
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;</font></p>














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<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">&#167; 4&#186;</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">If the General Meeting is held in person, the shareholders who appear at the Shareholders&#8217; Meeting after its commencement may take part in the meeting, however they shall not be entitled to vote on any resolution</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">.</font></p>
<p style="margin: 0pt; orphans: 0; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;</font></p>














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<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">&#167; 4&#186;</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">If the General Meeting is held in person, the shareholders who appear at the Shareholders&#8217; Meeting after its commencement may take part in the meeting, however they shall not be entitled to vote on any resolution.</font></p>
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;</font></p>














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<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">N/A</font> </p>














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<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">Article</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;"> 11</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">.</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">In order to</font><font style="font-family: 'Century Gothic'; font-size: 9pt;"> prove shareholder status, the Company shall require, within a period established in the call notice, an identity document and proof issued by the depositary institution. Shareholders represented by proxies must provide the proxies within the same period referred to in this Article. The original copies of the documents referred to herein must </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">be</font></p>
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">shown to the Company until the Shareholder&#8217;s Meeting is held, if held in person</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">. </font></p>
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;</font></p>
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">&#167; 1&#186;</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">Shareholders may participate in </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">the Shareholders' Meeting by means of a remote voting form, subject to the provisions of the regulations in force</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">.</font></p>
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;</font></p>
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">&nbsp;</font></p>














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<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">Article</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;"> 11</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">.</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">In order to</font><font style="font-family: 'Century Gothic'; font-size: 9pt;"> prove shareholder status, the Company shall require, within a period established in the call notice, an identity document and proof issued by the depositary institution. Shareholders represented by proxies must provide the proxies within the same period referred to in this Article. The original copies of the documents referred to herein must be shown to the Company until the Shareholder&#8217;s Meeting is held, if held in person</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">. </font></p>
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;</font></p>
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">&#167; 1&#186;</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">Shareholders may participate in </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">the Shareholders' Meeting by means of a remote voting form, subject to the provisions of the regulations in force</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">.</font></p>
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;</font></p>
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">&nbsp;</font></p>














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<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">Article 11.</font><font style="font-family: 'Century Gothic'; font-size: 9pt;"><font>&nbsp;</font>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">In order to</font><font style="font-family: 'Century Gothic'; font-size: 9pt;"> prove shareholder status, the Company shall require, within a period established in the call notice, an identity document and proof issued by the depositary institution. Shareholders represented by proxies must provide the proxies within the same period referred to in this Article. The original copies of the documents referred to herein must be shown to the Company until the Shareholder&#8217;s Meeting is held, if held in person. </font></p>
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;</font></p>
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">&#167; 1&#186;</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">Shareholders may participate in </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">the Shareholders' Meeting by means of a remote voting form, subject to the provisions of the regulations in force.</font></p>
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;</font></p>














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<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">N/A</font></p>














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<p style="margin: 0pt; orphans: 0; text-align: center; widows: 0;"><font style="color: #ffffff; font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold; letter-spacing: 0.8pt;">Current version</font></p>














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<p style="margin: 0pt; orphans: 0; text-align: center; widows: 0;"><font style="color: #ffffff; font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold; letter-spacing: 0.8pt;">Proposed version</font></p>














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<p style="margin: 0pt; orphans: 0; text-align: center; widows: 0;"><font style="color: #ffffff; font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold; letter-spacing: 0.8pt;">Amended version</font></p>














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<p style="margin: 0pt; orphans: 0; text-align: center; widows: 0;"><font style="color: #ffffff; font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold; letter-spacing: 0.8pt;">Comments/Justifications on proposed changes</font></p>














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<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">&#167; 2&#186;</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">The Company shall adopt the principle of good faith in verifying the validity of the documents demonstrating the representative capacity of shareholder, and will presume the truthfulness of the credible statements made to it; however, the shareholders who fail to present the respective power of attorney granted to their representatives, or the custodian&#8217;s statement, in the event the shares are recorded as held with a custodian institution, shall be prohibited from participating in the Meeting</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">.</font></p>
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">&nbsp;</font></p>














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<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">&#167; 2&#186;</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">The Company shall adopt the principle of good faith in verifying the validity of the documents demonstrating the representative capacity of shareholder, and will presume the truthfulness of the credible statements made to it; however, the shareholders who fail to present the respective power of attorney granted to their representatives, or the custodian&#8217;s statement, in the event the shares are recorded as held with a custodian institution, shall be prohibited from participating in the Meeting</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">.</font></p>
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">&nbsp;</font></p>














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<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">&#167; 2&#186;</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">The Company shall adopt the principle of good faith in verifying the validity of the documents demonstrating the representative capacity of shareholder, and will presume the truthfulness of the credible statements made to it; however, the shareholders who fail to present the respective power of attorney granted to their representatives, or the custodian&#8217;s statement, in the event the shares are recorded as held with a custodian institution, shall be prohibited from participating in the Meeting.</font></p>
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">&nbsp;</font></p>














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<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">N/A</font></p>














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<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">Article 12</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">.</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">Resolutions of the Shareholders&#8217; Meeting shall require a majority vote of the attendees, not </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">taking into account</font><font style="font-family: 'Century Gothic'; font-size: 9pt;"> blank votes, except as otherwise provided for by law or in these Bylaws</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">.</font></p>
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">&nbsp;</font></p>














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<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">Article</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;"> 12</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">.</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">Resolutions of the Shareholders&#8217; Meeting shall require a majority vote of the attendees, not </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">taking into account</font><font style="font-family: 'Century Gothic'; font-size: 9pt;"> blank votes, except as otherwise provided for by law or in these Bylaws</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">.</font></p>
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<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">Article 12</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">.</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">Resolutions of the Shareholders&#8217; Meeting shall require a majority vote of the attendees, not </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">taking into account</font><font style="font-family: 'Century Gothic'; font-size: 9pt;"> blank votes, except as otherwise provided for by law or in these Bylaws.</font></p>
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">&nbsp;</font></p>














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<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">N/A.</font></p>














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<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">Article 13</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">.</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">Minutes of the Shareholders&#8217; Meetings shall be kept with the requirements and signatures required by law</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">.</font></p>
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<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">Article</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;"> 13</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">.</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">Minutes of the Shareholders&#8217; Meetings shall be kept with the requirements and signatures required by law</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">.</font></p>
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<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">Article 13</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">.</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">Minutes of the Shareholders&#8217; Meetings shall be kept with the requirements and signatures required by law.</font></p>
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<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">N/A.</font></p>














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<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">Article 14</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">.</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">The Shareholders&#8217; Meeting shall determine the overall compensation of the members of the Board of Directors and of the executive officers, including any remuneration in shares</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">.</font></p>
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<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">Article</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;"> 14</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">.</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">The Shareholders&#8217; Meeting shall determine the overall compensation of the members of the Board of Directors and of the executive officers, including any remuneration in shares</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">.</font></p>
<p style="margin: 0pt; orphans: 0; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">&nbsp;</font></p>














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<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">Article 14</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">.</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">The Shareholders&#8217; Meeting shall determine the overall compensation of the members of the Board of Directors and of the executive officers, including any remuneration in shares.</font></p>
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">&nbsp;</font></p>














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<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">N/A</font></p>














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<p style="margin: 0pt; orphans: 0; text-align: center; widows: 0;"><font style="color: #ffffff; font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold; letter-spacing: 0.8pt;">Current version</font></p>














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<p style="margin: 0pt; orphans: 0; text-align: center; widows: 0;"><font style="color: #ffffff; font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold; letter-spacing: 0.8pt;">Comments/Justifications on proposed changes</font></p>














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<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">&#167; 1&#186;</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">The Board of Directors shall </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">determine the compensation to be paid to the Chief Executive Officer and the other executive officers, considering the proposal of the People Committee, in accordance with the amount set forth at the Shareholders&#8217; Meeting, in the introductory paragraph of this Article and the competencies of the People Committee, as provided for in Article 40 herein</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">.</font></p>
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;</font></p>














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<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">&#167; 1&#186;</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">The Board of Directors shall </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">determine the compensation to be paid to the Chief Executive Officer and the other executive officers, considering the proposal of the People and Sustainability Committee, in accordance with the amount set forth at the Shareholders&#8217; Meeting, in the introductory paragraph of this Article and the competencies of the referred Committee, as provided for in Article 40 herein</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">.</font></p>
<p style="margin: 0pt; orphans: 0; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">&nbsp;</font></p>














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<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">&#167; 1&#186;</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">The Board of Directors shall </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">determine the compensation to be paid to the Chief Executive Officer and the other executive officers, </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">considering</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;the proposal of the People </font><font style="color: #ff0000; font-family: 'Century Gothic'; font-size: 9pt;">and Sustainability </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">Committee, in accordance with the amount set forth at the Shareholders&#8217; Meeting, in the introductory paragraph of this Article and the competencies of the</font><font style="color: #ff0000; font-family: 'Century Gothic'; font-size: 9pt; text-decoration: line-through;"> People</font> <font style="color: #ff0000; font-family: 'Century Gothic'; font-size: 9pt;">referred</font><font style="font-family: 'Century Gothic'; font-size: 9pt;"> Committee, as provided for in Article 40 herein</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">.</font></p>
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;</font></p>














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<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">Adjustments (</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">i</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">) to reflect the new </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">nomenclature of the People and Sustainability Committee, due to the new role described in Article 40, and (ii) wording</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;adjustment</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">.</font></p>














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<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">&#167; 2&#186;<font style="color: #000000; font-family: 'Century Gothic'; font-size: 12px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></font><font style="font-family: 'Century Gothic'; font-size: 9pt;">The</font><font style="font-family: 'Century Gothic'; font-size: 9pt;"> members of the Board of Directors and the executive officers are entitled to profit sharing, as provided for by law</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">.</font></p>
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;</font></p>














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<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">&#167; 2&#186;</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">The</font><font style="font-family: 'Century Gothic'; font-size: 9pt;"> members of the Board of Directors and the executive officers are entitled to profit sharing, as provided for by law</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">.</font></p>
<p style="margin: 0pt; orphans: 0; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">&nbsp;</font></p>














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<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">&#167; 2&#186;</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">The</font><font style="font-family: 'Century Gothic'; font-size: 9pt;"> members of the Board of Directors and the executive officers are entitled to profit sharing, as provided for by law.</font></p>
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<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">N/A</font></p>














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<p style="margin: 0pt; page-break-after: avoid; text-align: center;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">CHAPTER IV</font></p>
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">Management &#8211; General Rules</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">Article 15</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">.</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">The Company shall be managed by a Board of Directors and a Board of Executive Officers</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">.</font></p>
<p style="margin: 0pt; page-break-after: avoid; text-align: center;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">&nbsp;</font></p>














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<p style="margin: 0pt; page-break-after: avoid; text-align: center;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">CHAPTER IV</font></p>
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">Management &#8211; General Rules</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">Article 15</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">.</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font> <font style="font-family: 'Century Gothic'; font-size: 9pt;">The Company shall be managed by a Board of Directors and a Board of Executive Officers</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">.</font></p>
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<p style="margin: 0pt; page-break-after: avoid; text-align: center;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">CHAPTER IV</font></p>
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">Management &#8211; General Rules</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">Article 15</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">.</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font style="font-family: 'Century Gothic'; font-size: 9pt;"> The Company shall be managed by a Board of Directors and a Board of Executive Officers.</font></p>
<p style="margin: 0pt; page-break-after: avoid; text-align: center;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">&nbsp;</font></p>














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<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">N/A</font></p>














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<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">Sole </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">Paragraph .</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">The commencement term of the directors and executive officers, which shall not require the posting of a bond, shall be contingent upon their adhesion to the corporate policies adopted by the Company and execution of the respective deed of investiture, which shall include consent to the contents of Article 51 hereof</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">. </font></p>
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;</font></p>














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<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">Sole </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">Paragraph</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">.</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">The commencement term of the directors and executive officers, which shall not require the posting of a bond, shall be contingent upon their adhesion to the corporate policies adopted by the Company and execution of the respective deed of investiture, which shall include consent to the contents of Article 51 hereof</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">. </font></p>
<p style="margin: 0pt; orphans: 0; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;</font></p>














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<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">Sole </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">Paragraph</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">.</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">The commencement term of the directors and executive officers, which shall not require the posting of a bond, shall be contingent upon their adhesion to the corporate policies adopted by the Company and execution of the respective deed of investiture, which shall include consent to the contents of Article 51 hereof. </font></p>
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<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">N/A </font></p>














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<p style="margin: 0pt; orphans: 0; text-align: center; widows: 0;"><font style="color: #ffffff; font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold; letter-spacing: 0.8pt;">Current version</font></p>














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<p style="margin: 0pt; orphans: 0; text-align: center; widows: 0;"><font style="color: #ffffff; font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold; letter-spacing: 0.8pt;">Amended version</font></p>














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<p style="margin: 0pt; orphans: 0; text-align: center; widows: 0;"><font style="color: #ffffff; font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold; letter-spacing: 0.8pt;">Comments/Justifications on proposed changes</font></p>














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<p style="margin: 0pt; page-break-after: avoid; text-align: center;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">CHAPTER V</font></p>
<p style="margin: 0pt; page-break-after: avoid; text-align: center;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">Board of Directors</font></p>
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">Section I &#8211; Members</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">Article 16</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">. </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">The Board of Directors shall be comprised of at least five (5) and at maximum eleven (11) members, all of whom shall be elected and removable at the Shareholders&#8217; Meeting, for a unified term of two (2) years, with reelection being permitted</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">.</font></p>
<p style="margin: 0pt; page-break-after: avoid; text-align: center;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">&nbsp;</font></p>














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<p style="margin: 0pt; page-break-after: avoid; text-align: center;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">CHAPTER V</font></p>
<p style="margin: 0pt; page-break-after: avoid; text-align: center;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">Board of Directors</font></p>
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">Section I &#8211; Members</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">Article</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;"> 16</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">. </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">The Board of Directors shall be comprised of, at least, 5 and, at maximum, 11 members, all of whom shall be elected and removable at the Shareholders&#8217; Meeting, for a unified term of 2 years, with reelection being permitted</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">.</font></p>
<p style="margin: 0pt; orphans: 0; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">&nbsp;</font></p>














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<p style="margin: 0pt; page-break-after: avoid; text-align: center;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">CHAPTER V</font></p>
<p style="margin: 0pt; page-break-after: avoid; text-align: center;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">Board of Directors</font></p>
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">Section I &#8211; Members</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">Article 16</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">. </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">The Board of Directors shall be comprised of at least,&nbsp;</font><font style="color: #ff0000; font-family: 'Century Gothic'; font-size: 9pt; text-decoration: line-through;">five (</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">5</font><font style="color: #ff0000; font-family: 'Century Gothic'; font-size: 9pt; text-decoration: line-through;">)</font><font style="font-family: 'Century Gothic'; font-size: 9pt;"> and, at maximum,&nbsp;</font><font style="color: #ff0000; font-family: 'Century Gothic'; font-size: 9pt; text-decoration: line-through;">eleven (</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">11</font><font style="color: #ff0000; font-family: 'Century Gothic'; font-size: 9pt; text-decoration: line-through;">)</font><font style="font-family: 'Century Gothic'; font-size: 9pt;"> members, all of whom shall be elected and removable at the Shareholders&#8217; Meeting, for a unified term of </font><font style="color: #ff0000; font-family: 'Century Gothic'; font-size: 9pt; text-decoration: line-through;">two (</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">2</font><font style="color: #ff0000; font-family: 'Century Gothic'; font-size: 9pt; text-decoration: line-through;">)</font><font style="font-family: 'Century Gothic'; font-size: 9pt;"> years, with reelection being permitted.</font></p>
<p style="margin: 0pt; page-break-after: avoid; text-align: center;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">&nbsp;</font></p>














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<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">Wording adjustments</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">.</font></p>














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<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">&#167; 1&#186; </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">The</font><font style="font-family: 'Century Gothic'; font-size: 9pt;"> positions of Chairman of the Board of Directors and Chief Executive Officer or principal execute of the Company may not be held by the same individual</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">.</font></p>
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;</font></p>














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<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">&#167; 1&#186; </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">The</font><font style="font-family: 'Century Gothic'; font-size: 9pt;"> positions of Chairman of the Board of Directors and Chief Executive Officer or principal execute of the Company may not be held by the same individual</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">.</font></p>
<p style="margin: 0pt; orphans: 0; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">&nbsp;</font></p>














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<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">&#167; 1&#186; </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">The</font><font style="font-family: 'Century Gothic'; font-size: 9pt;"> positions of Chairman of the Board of Directors and Chief Executive Officer or principal execute of the Company may not be held by the same individual.</font></p>
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;</font></p>














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<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">N/A</font></p>














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<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">&#167; 2&#186;</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">The Board of Directors shall adopt Internal Bylaws that shall provide for, among other relevant matters, its own operation, and the rights and duties of its members, as well as their relationship with the Board of Executive Officers and other corporate bodies</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">.</font></p>
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;</font></p>














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<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">&#167; 2&#186;</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">The Board of Directors shall adopt Internal Bylaws that shall provide for, among other relevant matters, its own operation, and the rights and duties of its members, as well as their relationship with the Board of Executive Officers and other corporate bodies</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">.</font></p>
<p style="margin: 0pt; orphans: 0; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">&nbsp;</font></p>














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<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">&#167; 2&#186;</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">The Board of Directors shall adopt Internal Bylaws that shall provide for, among other relevant matters, its own operation, and the rights and duties of its members, as well as their relationship with the Board of Executive Officers and other corporate bodies.</font></p>
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;</font></p>














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<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">N/A</font></p>














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<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">&#167; 3&#186;</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">Observed the requirements set forth in the Company&#8217;s corporate policies, the only persons eligible for election to the Board of Directors, unless otherwise permitted by the Shareholders&#8217; Meeting, shall be those who, in addition to complying with legal and regulatory requirements have a well-regarded reputation, do not hold any position in a company which may be considered a competitor of the Company or its controlled companies, and do not have, nor represent, a </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">conflicting interest with the Company&#8217;s interest or those of its controlled companies</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">.</font></p>
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;</font></p>














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<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">&#167; 3&#186;</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">Observed the requirements set forth in the Company&#8217;s corporate policies, the only persons eligible for election to the Board of Directors, unless otherwise permitted by the Shareholders&#8217; Meeting, shall be those who, in addition to complying with legal and regulatory requirements have a well-regarded reputation, do not hold any position in a company which may be considered a competitor of the Company or its controlled companies, and do not have, nor represent, a </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">conflicting interest with the Company&#8217;s interest or those of its controlled companies</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">.</font></p>
<p style="margin: 0pt; orphans: 0; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;</font></p>














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<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">&#167; 3&#186;</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">Observed the requirements set forth in the Company&#8217;s corporate policies, the only persons eligible for election to the Board of Directors, unless otherwise permitted by the Shareholders&#8217; Meeting, shall be those who, in addition to complying with legal and regulatory requirements have a well-regarded reputation, do not hold any position in a company which may be considered a competitor of the Company or its controlled companies, and do not have, nor represent, a </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">conflicting interest with the Company&#8217;s interest or those of its controlled companies.</font></p>
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;</font></p>














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<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">N/A</font></p>














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<p style="margin: 0pt; orphans: 0; text-align: center; widows: 0;"><font style="color: #ffffff; font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold; letter-spacing: 0.8pt;">Current version</font></p>














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<p style="margin: 0pt; orphans: 0; text-align: center; widows: 0;"><font style="color: #ffffff; font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold; letter-spacing: 0.8pt;">Amended version</font></p>














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<p style="margin: 0pt; orphans: 0; text-align: center; widows: 0;"><font style="color: #ffffff; font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold; letter-spacing: 0.8pt;">Comments/Justifications on proposed changes</font></p>














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<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">Article 17</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">.</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">The Board of Directors of the Company shall have, at least, one third (1/3) or 02 (two), whichever is higher, independent members, pursuant</font> <font style="font-family: 'Century Gothic'; font-size: 9pt;">to the New Market Regulation, and the classification of the appointed members of the Board of Directors as independent Directors shall be voted on the Shareholders Meeting that elect them</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">.</font></p>
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<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">Article</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;"> 17</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">.</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">The Board of Directors of the Company shall have, at least, 1/3 or 2, whichever is higher, independent members, pursuant to the New Market Regulation, and the classification of the appointed members of the Board of Directors as independent Directors shall be voted on the Shareholders Meeting that elect them</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">.</font></p>
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<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">Article 17</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">.</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">The Board of Directors of the Company shall have, at least, </font><font style="color: #ff0000; font-family: 'Century Gothic'; font-size: 9pt; text-decoration: line-through;">one third (</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">1/3</font><font style="color: #ff0000; font-family: 'Century Gothic'; font-size: 9pt; text-decoration: line-through;">)</font><font style="font-family: 'Century Gothic'; font-size: 9pt;"> or </font><font style="color: #ff0000; font-family: 'Century Gothic'; font-size: 9pt; text-decoration: line-through;">0</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">2 </font><font style="color: #ff0000; font-family: 'Century Gothic'; font-size: 9pt; text-decoration: line-through;">(two)</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">, whichever is higher, independent members, pursuant</font> <font style="font-family: 'Century Gothic'; font-size: 9pt;">to the New Market Regulation, and the classification of the appointed members of the Board of Directors as independent Directors shall be voted on the Shareholders Meeting that elect them.</font></p>
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">&nbsp;</font></p>














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<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">Wording adjustments</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">.</font></p>














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<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">Sole Paragraph.<font style="color: #000000; font-family: 'Century Gothic'; font-size: 12px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font> When, </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">as a result of</font><font style="font-family: 'Century Gothic'; font-size: 9pt;"> compliance with the percentage referred to in the introductory paragraph of this Article, the number of Directors results in a fraction, such number will be rounded to the immediately higher whole number</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">.</font></p>
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;</font></p>














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<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">Sole Paragraph.</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">When, </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">as a result of</font><font style="font-family: 'Century Gothic'; font-size: 9pt;"> compliance with the composition referred to in the introductory paragraph of this Article, the number of Directors results in a fraction, such number will be rounded to the immediately higher whole number</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">.</font></p>
<p style="margin: 0pt; orphans: 0; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">&nbsp;</font></p>














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<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">Sole Paragraph.</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font> <font style="font-family: 'Century Gothic'; font-size: 9pt;">When, </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">as a result of</font><font style="font-family: 'Century Gothic'; font-size: 9pt;"> compliance with the</font> <font style="color: #ff0000; font-family: 'Century Gothic'; font-size: 9pt; text-decoration: line-through;">percentage</font><font style="color: #ff0000; font-family: 'Century Gothic'; font-size: 9pt;"> composition </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">referred to in the introductory paragraph of this Article, the number of Directors results in a fraction, such number will be rounded to the immediately higher whole number.</font></p>
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;</font></p>














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<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt;"><font style="color: #000000; font-family: 'Century Gothic'; font-size: 12px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Wording<font>&nbsp;</font></font>adjustment</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">.</font></p>














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<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">Article 18</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">.<font style="color: #000000; font-family: 'Century Gothic'; font-size: 12px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<font>&nbsp;</font></font></font><font style="font-family: 'Century Gothic'; font-size: 9pt;">If a member of the Board of Directors fails to meet the requirements set forth in Article 16 above due to a supervening or unknown fact at the time of his/her election, he/she shall be immediately replaced</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">.</font></p>
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">&nbsp;</font></p>














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<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">Article</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;"> 18</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">.</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">If a member of the Board of Directors fails to meet the requirements set forth in Article 16 above due to a supervening or unknown fact at the time of his/her election, he/she shall be immediately replaced</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">.</font></p>
<p style="margin: 0pt; orphans: 0; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">&nbsp;</font></p>














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<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">Article 18</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">.</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">If a member of the Board of Directors fails to meet the requirements set forth in Article 16 above due to a supervening or unknown fact at the time of his/her election, he/she shall be immediately replaced.</font></p>
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">&nbsp;</font></p>














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<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">N/A</font></p>














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<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">Sole Paragraph. The same actions provided for in the introductory paragraph of this Article shall be taken in the event any of the independent Directors fails to meet the independence criteria set forth in the New Market Regulation, resulting in noncompliance with the minimum number of independent Directors, as </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">provided in Article 17 hereof</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">.</font></p>














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<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">Sole Paragraph.</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">The same actions provided for in the introductory paragraph of this Article shall be taken in the event any of the independent Directors fails to meet the independence criteria set forth in the New Market Regulation, resulting in noncompliance with the minimum number of independent Directors, as </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">provided in Article 17 hereof</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">.</font></p>
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">&nbsp;</font></p>














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<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">Sole Paragraph.</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">The same actions provided for in the introductory paragraph of this Article shall be taken in the event any of the independent Directors fails to meet the independence criteria set forth in the New Market Regulation, resulting in noncompliance with the minimum number of independent Directors, as </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">provided in Article 17 hereof.</font></p>
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;</font></p>














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<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">N/A</font></p>














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<p style="margin: 0pt; orphans: 0; text-align: center; widows: 0;"><font style="color: #ffffff; font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold; letter-spacing: 0.8pt;">Current version</font></p>














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<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">Section II &#8211; Election</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">Article 19</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">.</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">Except for the provisions in Article 20, the election of the members of the Board of Directors shall be made through the nomination of a slate of candidates</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">.</font></p>
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;</font></p>














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<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">Section</font><font style="font-family: 'Century Gothic'; font-size: 9pt;"> II &#8211; </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">Election</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">Article</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;"> 19</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">.</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">Except for the provisions in Article 20, the election of the members of the Board of Directors shall be made through the nomination of a slate of candidates</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">.</font></p>
<p style="margin: 0pt; orphans: 0; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">&nbsp;</font></p>














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<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">Section II &#8211; Election</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">Article 19</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">.</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">Except for the provisions in Article 20, the election of the members of the Board of Directors shall be made through the nomination of a slate of candidates.</font></p>
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<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">N/A</font></p>














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<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">&#167; 1&#186;</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">Under the election provisions of this Article, only the following slates of candidates will be eligible for election: (a) those nominated by the Board of Directors; or (b) those nominated by any shareholder or group of shareholders, as provided for in Paragraph 3 hereof</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">. </font></p>
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<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">&#167; 1&#186;</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">Under the election provisions of this Article, only the following slates of candidates will be eligible for election: (a) those nominated by the Board of Directors; or (b) those nominated by any shareholder or group of shareholders, as provided for in Paragraph 3 hereof</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">. </font></p>
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<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">&#167; 1&#186;</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">Under the election provisions of this Article, only the following slates of candidates will be eligible for election: (a) those nominated by the Board of Directors; or (b) those nominated by any shareholder or group of shareholders, as provided for in Paragraph 3 hereof. </font></p>
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<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">N/A</font></p>














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<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">&#167; </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">2</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">&#186;</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">At the date the Shareholders&#8217; Meeting for electing the members of the Board of Directors is called, the Board of Directors shall make available at the Company&#8217;s headquarters a statement signed by each of the members of the slate of candidates nominated by it, containing: (a) their full identification; (b) a complete description of their professional experience, describing the professional activities previously performed, as well as their professional and academic qualifications; and (c) information about administrative proceedings of the CVM, the Central Bank of Brazil or the Superintendence of Private Insurance and disciplinary and judicial</font></p>
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">proceedings for which a final judgment was rendered and in which any such members have been convicted, as well as inform penalties eventually imposed, </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">if the case may be, the existence of events of limitations or conflict of interest provided for in Article 147 of Law 6,404/76.</font></p>














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<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">&#167; 2&#186;</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">At the date the Shareholders&#8217; Meeting for electing the members of the Board of Directors is called, the Board of Directors shall make available at the Company&#8217;s headquarters a statement signed by each of the members of the slate of candidates nominated by it, containing: (a) their full identification; (b) a complete description of their professional experience, describing the professional activities previously performed, as well as their professional and academic qualifications; and (c) information about administrative proceedings of the CVM, the Central Bank of Brazil or the Superintendence of Private Insurance and disciplinary and judicial proceedings for which a final judgment was rendered and in which any such members have been convicted, as well as inform penalties eventually imposed, if the case may be, </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">the existence of events of limitations or conflict of interest provided for in Article 147 of Brazilian Federal Law 6,404/76</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">.</font></p>
<p style="margin: 0pt; orphans: 0; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">&nbsp;</font></p>














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<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">&#167; 2&#186;</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">At the date the Shareholders&#8217; Meeting for electing the members of the Board of Directors is called, the Board of Directors shall make available at the Company&#8217;s headquarters a statement signed by each of the members of the slate of candidates nominated by it, containing: (a) their full identification; (b) a complete description of their professional experience, describing the professional activities previously performed, as well as their professional and academic qualifications; and (c) information about administrative proceedings of the CVM, the Central Bank of Brazil or the Superintendence of Private Insurance and disciplinary and judicial proceedings for which a final judgment was rendered and in which any such members have been convicted, as well as inform penalties eventually imposed, if the case may be, </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">the existence of events of limitations or conflict of interest provided for in Article 147 of <font style="color: rgb(255, 0, 0);">Brazilian Federal </font>Law 6,404/76.</font></p>
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;</font></p>














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<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">Wording adjustment.</font></p>














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<p style="margin: 0pt; orphans: 0; text-align: center; widows: 0;"><font style="color: #ffffff; font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold; letter-spacing: 0.8pt;">Current version</font></p>














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<p style="margin: 0pt; orphans: 0; text-align: center; widows: 0;"><font style="color: #ffffff; font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold; letter-spacing: 0.8pt;">Proposed version</font></p>














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<p style="margin: 0pt; orphans: 0; text-align: center; widows: 0;"><font style="color: #ffffff; font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold; letter-spacing: 0.8pt;">Amended version</font></p>














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<p style="margin: 0pt; orphans: 0; text-align: center; widows: 0;"><font style="color: #ffffff; font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold; letter-spacing: 0.8pt;">Comments/Justifications on proposed changes</font></p>














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<tr style="height: 15.85pt;">
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 25%; border-image: initial; border-width: 1px; border-color: #000000 !important; border-style: solid;">
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">&#167; 3&#186;</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">The shareholders or group of shareholders desiring to propose another slate of candidates to be elected to the Board of Directors shall, at least five (5) days prior the date of the Shareholders&#8217; Meeting, send to the Board of Directors statements individually signed by the candidates nominated by them, containing the information mentioned in the preceding Paragraph; the Board of Directors shall immediately disclose such information, by notice posted on the Company&#8217;s Investor Relations website and sent by electronic means of communication to the CVM and the B3 notifying them that the documents with respect to the other slate of candidates submitted to the Board of Directors are available to the shareholders at the Company&#8217;s headquarters</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">.</font></p>
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;</font></p>














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<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 25%; border-image: initial; border-width: 1px; border-color: #000000 !important; border-style: solid;">
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">&#167; 3&#186;</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">The shareholders or group of shareholders desiring to propose another slate of candidates to be elected to the Board of Directors shall, at least 5 days prior the date of the Shareholders&#8217; Meeting, send to the Board of Directors statements individually signed by the candidates nominated by them, containing the information mentioned in the preceding Paragraph; the Board of Directors shall immediately disclose such information, by notice posted on the Company&#8217;s Investor Relations website and sent by electronic means of communication to the CVM and the B3 notifying them that the documents with respect to the other slate of candidates submitted to the Board of Directors are available to the shareholders at the Company&#8217;s headquarters</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">.</font></p>
<p style="margin: 0pt; orphans: 0; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">&nbsp;</font></p>














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<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">&#167; 3&#186;</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">The shareholders or group of shareholders desiring to propose another slate of candidates to be elected to the Board of Directors shall, at least</font><font style="color: #ff0000; font-family: 'Century Gothic'; font-size: 9pt; text-decoration: line-through;"> five (</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">5</font><font style="color: #ff0000; font-family: 'Century Gothic'; font-size: 9pt; text-decoration: line-through;">)</font><font style="font-family: 'Century Gothic'; font-size: 9pt;"> days prior the date of the Shareholders&#8217; Meeting, send to the Board of Directors statements individually signed by the candidates nominated by them, containing the information mentioned in the preceding Paragraph; the Board of Directors shall immediately disclose such information, by notice posted on the Company&#8217;s Investor Relations website and sent by electronic means of communication to the CVM and the B3 notifying them that the documents with respect to the other slate of candidates submitted to the Board of Directors are available to the shareholders at the Company&#8217;s headquarters.</font></p>
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;</font></p>














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<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">Wording adjustment</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">.</font></p>














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<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">&#167; 4&#186;</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">The</font><font style="font-family: 'Century Gothic'; font-size: 9pt;"> persons nominated by the Board of Directors or by shareholders shall be identified, as the case may be, as candidates to independent Directors, subject to the provisions of Article 17 above, as well as the contents of the new Market Regulation</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">.</font></p>
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;</font></p>














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<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">&#167; 4&#186;</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">The</font><font style="font-family: 'Century Gothic'; font-size: 9pt;"> persons nominated by the Board of Directors or by shareholders shall be identified, as the case may be, as candidates to independent Directors, subject to the provisions of Article 17 above, as well as the contents of the new Market Regulation</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">.</font></p>
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;</font></p>














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<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">&#167; 4&#186;</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">The</font><font style="font-family: 'Century Gothic'; font-size: 9pt;"> persons nominated by the Board of Directors or by shareholders shall be identified, as the case may be, as candidates to independent Directors, subject to the provisions of Article 17 above, as well as the contents of the new Market Regulation.</font></p>
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;</font></p>














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<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">N/A</font></p>














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<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">&#167; 5&#186;</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">The</font><font style="font-family: 'Century Gothic'; font-size: 9pt;"> same person may stand for election in two or more slates of candidates, including those nominated by the Board of Directors</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">.</font></p>
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;</font></p>














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<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">&#167; 5&#186;</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">The</font><font style="font-family: 'Century Gothic'; font-size: 9pt;"> same person may stand for election in two or more slates of candidates, including those nominated by the Board of Directors</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">.</font></p>
<p style="margin: 0pt; orphans: 0; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">&nbsp;</font></p>














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<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">&#167; 5&#186;</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">The</font><font style="font-family: 'Century Gothic'; font-size: 9pt;"> same person may stand for election in two or more slates of candidates, including those nominated by the Board of Directors.</font></p>
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;</font></p>














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<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">N/A</font></p>














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<p style="margin: 0pt; orphans: 0; text-align: center; widows: 0;"><font style="color: #ffffff; font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold; letter-spacing: 0.8pt;">Current version</font></p>














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<p style="margin: 0pt; orphans: 0; text-align: center; widows: 0;"><font style="color: #ffffff; font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold; letter-spacing: 0.8pt;">Proposed version</font></p>














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<p style="margin: 0pt; orphans: 0; text-align: center; widows: 0;"><font style="color: #ffffff; font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold; letter-spacing: 0.8pt;">Amended version</font></p>














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<p style="margin: 0pt; orphans: 0; text-align: center; widows: 0;"><font style="color: #ffffff; font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold; letter-spacing: 0.8pt;">Comments/Justifications on proposed changes</font></p>














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<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">&#167; 6&#186;</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">Each shareholder shall be </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">entitled to vote for only one slate of candidates, and the slate of candidates receiving the largest number of votes at the Shareholders&#8217; Meeting will be elected</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">.</font></p>
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<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Century Gothic'; font-size: 9pt;">&#167; 6&#186;</font><font style="color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<font>&nbsp;</font></font><font style="color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Century Gothic'; font-size: 9pt;">Each shareholder shall be<font>&nbsp;</font></font><font style="color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Century Gothic'; font-size: 9pt;">entitled to vote for only one slate of candidates, and the slate of candidates receiving the largest number of votes at the Shareholders&#8217; Meeting will be elected</font><font style="color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Century Gothic'; font-size: 9pt;">.</font></p>
<p style="margin: 0pt; orphans: 0; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">&nbsp;</font></p>














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<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Century Gothic'; font-size: 9pt;">&#167; 6&#186;</font><font style="color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<font>&nbsp;</font></font><font style="color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Century Gothic'; font-size: 9pt;">Each shareholder shall be<font>&nbsp;</font></font><font style="color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Century Gothic'; font-size: 9pt;">entitled to vote for only one slate of candidates, and the slate of candidates receiving the largest number of votes at the Shareholders&#8217; Meeting will be elected</font><font style="color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Century Gothic'; font-size: 9pt;">.</font></p>














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<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">N/A</font></p>














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<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">Article 20</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">.</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">When electing members to the Board of Directors, shareholders will be entitled to request, as required by law, the adoption of a cumulative voting process, </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">provided that</font><font style="font-family: 'Century Gothic'; font-size: 9pt;"> they do so within, at least, forty-eight (48) hours in advance of the Shareholders&#8217; Meeting</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">.</font></p>
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">&nbsp;</font></p>














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<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">Article 20</font><font style="font-family: 'Century Gothic'; font-size: 9pt;"><font style="color: #000000; font-family: 'Century Gothic'; font-size: 12px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;</font></font><font style="font-family: 'Century Gothic'; font-size: 9pt;">When electing members to the Board of Directors, shareholders will be entitled to request, as required by law, the adoption of a cumulative voting process, </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">provided that</font><font style="font-family: 'Century Gothic'; font-size: 9pt;"> they do so within, at least, 48 hours in advance of the Shareholders&#8217; Meeting</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">.</font></p>
<p style="margin: 0pt; orphans: 0; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">&nbsp;</font></p>














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<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">Article 20</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">.</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">When electing members to the Board of Directors, shareholders will be entitled to request, as required by law, the adoption of a cumulative voting process, </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">provided that</font><font style="font-family: 'Century Gothic'; font-size: 9pt;"> they do so within, at least, </font><font style="color: #ff0000; font-family: 'Century Gothic'; font-size: 9pt; text-decoration: line-through;">forty-eight (</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">48</font><font style="color: #ff0000; font-family: 'Century Gothic'; font-size: 9pt; text-decoration: line-through;">)</font><font style="font-family: 'Century Gothic'; font-size: 9pt;"> hours in advance of the Shareholders&#8217; Meeting</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">.</font></p>














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<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">Wording adjustment</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">.</font></p>














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<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">&#167; 1&#186;</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">In the event members of the Board of Directors are elected by cumulative voting, the candidates will not be elected through a nomination on a slate of candidates; the candidates for the Board of Directors shall be those who are part of the slate of candidates as provided for in Article 19, as well as the candidates who are nominated by a shareholder attending the meeting, provided that the Shareholders&#8217; Meeting is provided with the</font></p>
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">statements signed by these candidates as set forth in Paragraph 2 of Article 19 of these Bylaws</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">.</font></p>
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;</font></p>














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<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">&#167; 1&#186;</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">In the event members of the Board of Directors are elected by cumulative voting, the candidates will not be elected through a nomination on a slate of candidates; the candidates for the Board of Directors shall be those who are part of the slate of candidates as provided for in Article 19, as well as the candidates who are nominated by a shareholder attending the meeting, provided that the Shareholders&#8217; Meeting is provided with the statements signed by these candidates as set forth in Paragraph 2 of Article 19 of these Bylaws</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">.</font></p>
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;</font></p>














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<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">&#167; 1&#186;</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">In the event members of the Board of Directors are elected by cumulative voting, the candidates will not be elected through a nomination on a slate of candidates; the candidates for the Board of Directors shall be those who are part of the slate of candidates as provided for in Article 19, as well as the candidates who are nominated by a shareholder attending the meeting, provided that the Shareholders&#8217; Meeting is provided with the statements signed by these candidates as set forth in Paragraph 2 of Article 19 of these Bylaws.</font></p>
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;</font></p>














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<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">N/A</font></p>














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<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">&#167; 2&#186;</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">In the event the Company may be controlled by one shareholder or group of shareholders, as defined in Article 116 of Law no. 6,404/76, shareholders representing ten percent (10%) of the capital stock may require, in conformity with Paragraph 4 of Article 141 of Law 6,404/76, that the election of one of the members of the Board of </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">Directors is carried out separately, notwithstanding the rules set forth in Article 19 above</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">.</font></p>
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;</font></p>














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<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">&#167; 2&#186;</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">In the event the Company may be controlled by one shareholder or group of shareholders, as defined in Article 116 of Brazilian Federal Law 6,404/76, shareholders representing 10% of the capital stock may require, in conformity with Paragraph 4 of Article 141 of <font style="color: #000000; font-family: 'Century Gothic'; font-size: 12px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;"><font>&nbsp;</font>Brazilian Federal&nbsp;</font>Law 6,404/76, that the election of one of the members of the Board of Directors is </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">carried out separately, notwithstanding the rules set forth in Article 19 above</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">.</font></p>
<p style="margin: 0pt; orphans: 0; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">&nbsp;</font></p>














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<p style="margin: 0pt; text-align: justify; color: rgb(255, 0, 0);"><font style="color: rgb(0, 0, 0);"><font style="font-family: 'Century Gothic'; font-size: 9pt;">&#167; 2&#186;</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font></font><font style="font-family: 'Century Gothic'; font-size: 9pt;"><font style="color: rgb(255, 0, 0);"><font style="color: rgb(0, 0, 0);">In the event the Company may be controlled by one shareholder or group of shareholders, as defined in Article 116 of&nbsp;</font>&nbsp;Brazilian Federal</font>&nbsp;Law <font style="color: rgb(255, 0, 0); margin: 0pt; text-align: justify;"><font style="color: #ff0000; font-family: 'Century Gothic'; font-size: 9pt; text-decoration: line-through; orphans: 0; widows: 0;">no</font>.</font> <font style="color: rgb(0, 0, 0);">6,404/76, shareholders representing </font></font><font style="color: #ff0000; font-family: 'Century Gothic'; font-size: 9pt; text-decoration: line-through;">ten percent (</font><font style="font-family: &quot;Century Gothic&quot;; font-size: 9pt; color: rgb(0, 0, 0);">10%</font><font style="color: #ff0000; font-family: 'Century Gothic'; font-size: 9pt; text-decoration: line-through;">)</font><font style="font-family: 'Century Gothic'; font-size: 9pt;"><font style="color: rgb(0, 0, 0);"> of the capital stock may require, in conformity with Paragraph 4 of Article 141 of&nbsp;</font><font style="color: rgb(0, 0, 0); font-family: &quot;Century Gothic&quot;; font-size: 12px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; float: none; display: inline !important;"><font style="color: rgb(255, 0, 0);">Brazilian Federal</font>&nbsp;Law 6,404/76, that the election of one of the members of the Board of </font></font><font style="font-family: &quot;Century Gothic&quot;; font-size: 9pt; color: rgb(0, 0, 0);">Directors is carried out separately, notwithstanding the rules set forth in Article 19 above.</font></p>
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<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">Wording adjustments</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">.</font></p>














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<p style="margin: 0pt; orphans: 0; text-align: center; widows: 0;"><font style="color: #ffffff; font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold; letter-spacing: 0.8pt;">Current version</font></p>














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<p style="margin: 0pt; orphans: 0; text-align: center; widows: 0;"><font style="color: #ffffff; font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold; letter-spacing: 0.8pt;">Comments/Justifications on proposed changes</font></p>














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<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">Article 21</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">.</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">In the event a Director residing and domiciled outside Brazil is elected, the commencement of his/her term shall be conditioned on the appointment of an attorney-in-fact, </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">residing</font><font style="font-family: 'Century Gothic'; font-size: 9pt;"> and domiciled in Brazil, empowered to receive service of process for any corporate law-based lawsuit that may be brought against him/her. The term of such power of attorney shall be for, at least, three (3) years after the end of the term of office of the respective Director</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">.</font></p>
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">&nbsp;</font></p>














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<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">Article</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;"> 21</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">.</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">In the event a Director residing and domiciled outside Brazil is elected, the commencement of his/her term shall be conditioned on the appointment of an attorney-in-fact, </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">residing</font><font style="font-family: 'Century Gothic'; font-size: 9pt;"> and domiciled in Brazil, empowered to receive service of process for any corporate law-based lawsuit that may be brought against him/her. The term of such power of attorney shall be for, at least, 3 years after the end of the term of office of the respective Director</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">.</font></p>
<p style="margin: 0pt; orphans: 0; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">&nbsp;</font></p>














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<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">Article 21</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">.</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">In the event a Director residing and domiciled outside Brazil is elected, the commencement of his/her term shall be conditioned on the appointment of an attorney-in-fact, </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">residing</font><font style="font-family: 'Century Gothic'; font-size: 9pt;"> and domiciled in Brazil, empowered to receive service of process for any corporate law-based lawsuit that may be brought against him/her. The term of such power of attorney shall be for, at least, </font><font style="color: #ff0000; font-family: 'Century Gothic'; font-size: 9pt; text-decoration: line-through;">three (</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">3</font><font style="color: #ff0000; font-family: 'Century Gothic'; font-size: 9pt; text-decoration: line-through;">)</font><font style="font-family: 'Century Gothic'; font-size: 9pt;"> years after the end of the term of office of the respective Director.</font></p>
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">&nbsp;</font></p>














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<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">Wording adjustment</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">.</font></p>














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<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">Article 22</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">.</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">The Board of Directors shall elect a Chairman and Vice-Chairman among its members, to occur at the first meeting after the commencement of the Directors&#180; term or at the first meeting after there is a vacancy of these positions on the Board of Directors</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">.</font></p>
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">&nbsp;</font></p>














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<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">Article</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;"> 22</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">.</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">The Board of Directors shall elect a Chairman and Vice-Chairman among its members, to occur at the first meeting after the commencement of the Directors&#180; term or at the first meeting after there is a vacancy of these positions on the Board of Directors</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">.</font></p>
<p style="margin: 0pt; orphans: 0; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">&nbsp;</font></p>














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<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">Article 22</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">.</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">The Board of Directors shall elect a Chairman and Vice-Chairman among its members, to occur at the first meeting after the commencement of the Directors&#180; term or at the first meeting after there is a vacancy of these positions on the Board of Directors.</font></p>
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">&nbsp;</font></p>














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<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">N/A</font></p>














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<p style="margin: 0pt; orphans: 0; text-align: center; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">Section III &#8211; Meetings and Replacements</font></p>
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">&nbsp;</font></p>
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">Article 23</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">.</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">The Board of Directors shall hold regular meetings once every three (3) months and special meetings whenever called by the Chairman or by any two (2) Directors</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">.</font></p>
<p style="margin: 0pt; orphans: 0; text-align: center; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;</font></p>














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<p style="margin: 0pt; orphans: 0; text-align: center; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">Section III &#8211; Meetings and Replacements</font></p>
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">&nbsp;</font></p>
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">Article</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;"> 23</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">.</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">The Board of Directors shall hold regular meetings once every 3 months and special meetings whenever called by the Chairman or by any 2 Directors</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">.</font></p>
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">&nbsp;</font></p>














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<p style="margin: 0pt; orphans: 0; text-align: center; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">Section III &#8211; Meetings and Replacements</font></p>
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">&nbsp;</font></p>
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">Article 23</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">.</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">The Board of Directors shall hold regular meetings once every </font><font style="color: #ff0000; font-family: 'Century Gothic'; font-size: 9pt; text-decoration: line-through;">three (</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">3</font><font style="color: #ff0000; font-family: 'Century Gothic'; font-size: 9pt; text-decoration: line-through;">)</font><font style="font-family: 'Century Gothic'; font-size: 9pt;"> months and special meetings whenever called by the Chairman or by any </font><font style="color: #ff0000; font-family: 'Century Gothic'; font-size: 9pt; text-decoration: line-through;">two (</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">2</font><font style="color: #ff0000; font-family: 'Century Gothic'; font-size: 9pt; text-decoration: line-through;">)</font><font style="font-family: 'Century Gothic'; font-size: 9pt;"> Directors.</font></p>
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<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">Redrafting adjustment</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">.</font></p>














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<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">&#167; 1&#186;</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">The</font><font style="font-family: 'Century Gothic'; font-size: 9pt;"> meetings of the Board of Directors shall be called in writing, by e-mail or any other form that allows proof of receipt of the call notice by the </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">recipient, and shall contain, in addition to the place, date and time of the meeting, the agenda</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">.</font></p>
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;</font></p>














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<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">&#167; 1&#186;</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">The</font><font style="font-family: 'Century Gothic'; font-size: 9pt;"> meetings of the Board of Directors shall be called in writing, by e-mail or any other form that allows proof of receipt of the call notice by the </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">recipient, and shall contain, in addition to the place, date and time of the meeting, the agenda</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">.</font></p>
<p style="margin: 0pt; orphans: 0; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">&nbsp;</font></p>














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<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">&#167; 1&#186;</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">The</font><font style="font-family: 'Century Gothic'; font-size: 9pt;"> meetings of the Board of Directors shall be called in writing, by e-mail or any other form that allows proof of receipt of the call notice by the </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">recipient, and shall contain, in addition to the place, date and time of the meeting, the agenda.</font></p>
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<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">N/A</font></p>














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<p style="margin: 0pt; orphans: 0; text-align: center; widows: 0;"><font style="color: #ffffff; font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold; letter-spacing: 0.8pt;">Current version</font></p>














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<p style="margin: 0pt; orphans: 0; text-align: center; widows: 0;"><font style="color: #ffffff; font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold; letter-spacing: 0.8pt;">Comments/Justifications on proposed changes</font></p>














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<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">&#167; 2&#186;</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">The</font><font style="font-family: 'Century Gothic'; font-size: 9pt;"> meetings of the Board of Directors shall be called at least three (3) days in advance. Regardless of the formalities observed in calling the meeting, a meeting shall be deemed to be duly called if attended by all the members of the Board of Directors</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">.</font></p>
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<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">&#167; 2&#186;</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">The</font><font style="font-family: 'Century Gothic'; font-size: 9pt;"> meetings of the Board of Directors shall be called at least 3 days in advance. Regardless of the formalities observed in calling the meeting, a meeting shall be deemed to be duly called if attended by all the members of the Board of Directors</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">.</font></p>
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<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">&#167; 2&#186;</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">The</font><font style="font-family: 'Century Gothic'; font-size: 9pt;"> meetings of the Board of Directors shall be called at least </font><font style="color: #ff0000; font-family: 'Century Gothic'; font-size: 9pt; text-decoration: line-through;">three (</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">3</font><font style="color: #ff0000; font-family: 'Century Gothic'; font-size: 9pt; text-decoration: line-through;">)</font><font style="font-family: 'Century Gothic'; font-size: 9pt;"> days in advance. Regardless of the formalities observed in calling the meeting, a meeting shall be deemed to be duly called if attended by all the members of the Board of Directors.</font></p>
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<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt;"><font style="color: #000000; font-family: 'Century Gothic'; font-size: 12px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Wording</font>&nbsp;adjustment</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">.</font></p>














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<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">&#167; 3&#186;</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">In</font><font style="font-family: 'Century Gothic'; font-size: 9pt;"> case of urgency, the Chairman of the Board of Directors (or a third party he or she may appoint) may call a meeting of the Board of Directors with less than the period provided for in Paragraph 2 of this Article, provided that in this case the meeting shall not be held unless at least two-thirds (2/3) of the elected members attend the meeting</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">.</font></p>
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;</font></p>














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<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">&#167; 3&#186;</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">In</font><font style="font-family: 'Century Gothic'; font-size: 9pt;"> case of urgency, the Chairman of the Board of Directors (or a third party he or she may appoint) may call a meeting of the Board of Directors with less than the period provided for in Paragraph 2 of this Article, provided that in this case the meeting shall not be held unless at least 2/3 of the elected members attend the meeting</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">.</font></p>
<p style="margin: 0pt; orphans: 0; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">&nbsp;</font></p>














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<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">&#167; 3&#186;</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">In</font><font style="font-family: 'Century Gothic'; font-size: 9pt;"> case of urgency, the Chairman of the Board of Directors (or a third party he or she may appoint) may call a meeting of the Board of Directors with less than the period provided for in Paragraph 2 of this Article, provided that in this case the meeting shall not be held unless at least </font><font style="color: #ff0000; font-family: 'Century Gothic'; font-size: 9pt; text-decoration: line-through;">two-thirds (</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">2/3</font><font style="color: #ff0000; font-family: 'Century Gothic'; font-size: 9pt; text-decoration: line-through;">)</font><font style="font-family: 'Century Gothic'; font-size: 9pt;"> of the elected members attend the meeting.</font></p>
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;</font></p>














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<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">Wording adjustments</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">.</font></p>














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<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">&#167; 4&#186;</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">The Directors may attend the meetings of the Board of Directors by telephone conference, videoconference or by any other means of communication allowing the identification of the Director and simultaneous communication with all the other persons present at the meeting. In this case, Directors will </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">be considered to be</font><font style="font-family: 'Century Gothic'; font-size: 9pt;"> present at the meeting and sign the corresponding minutes</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">.</font></p>
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;</font></p>














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<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">&#167; 4&#186;</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">The Directors may attend the meetings of the Board of Directors by telephone conference, videoconference or by any other means of communication allowing the identification of the Director and simultaneous communication with all the other persons present at the meeting.&nbsp; In this case, Directors will </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">be considered to be</font><font style="font-family: 'Century Gothic'; font-size: 9pt;"> present at the meeting and sign the corresponding minutes</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">.</font></p>
<p style="margin: 0pt; orphans: 0; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">&nbsp;</font></p>














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<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">&#167; 4&#186;</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">The Directors may attend the meetings of the Board of Directors by telephone conference, videoconference or by any other means of communication allowing the identification of the Director and simultaneous communication with all the other persons present at the meeting.&nbsp; In this case, Directors will </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">be considered to be</font><font style="font-family: 'Century Gothic'; font-size: 9pt;"> present at the meeting and sign the corresponding minutes.</font></p>
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<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">N/A</font></p>














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<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">Article 24</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">.</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">Except for the provisions in Paragraph 3 of Article 23, </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">the majority of</font><font style="font-family: 'Century Gothic'; font-size: 9pt;"> the Directors must attend a meeting of the Board of Directors for it to commence, including the Chairman </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">or the Vice-Chairman, and the resolutions shall require a majority vote, with the Chairman or, in his/her absence, the Vice-Chairman, in addition to his/her own vote, providing the casting vote.</font></p>
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<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">Article</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;"> 24</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">.</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">Except for the provisions in Paragraph 3 of Article 23, </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">the majority of</font><font style="font-family: 'Century Gothic'; font-size: 9pt;"> the Directors must attend a meeting of the Board of Directors for it to commence, including the Chairman </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">or the Vice-Chairman, and the resolutions shall require a majority vote, with the Chairman or, in his/her absence, the Vice-Chairman, in addition to his/her own vote, providing the casting vote</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">.</font></p>
<p style="margin: 0pt; orphans: 0; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">&nbsp;</font></p>














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<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">Article 24</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">.</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">Except for the provisions in Paragraph 3 of Article 23, </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">the majority of</font><font style="font-family: 'Century Gothic'; font-size: 9pt;"> the Directors must attend a meeting of the Board of Directors for it to commence, including the Chairman </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">or the Vice-Chairman, and the resolutions shall require a majority vote, with the Chairman or, in his/her absence, the Vice-Chairman, in addition to his/her own vote, providing the casting vote.</font></p>
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">&nbsp;</font></p>














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<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">N/A</font></p>














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<p style="margin: 0pt; orphans: 0; text-align: center; widows: 0;"><font style="color: #ffffff; font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold; letter-spacing: 0.8pt;">Current version</font></p>














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<p style="margin: 0pt; orphans: 0; text-align: center; widows: 0;"><font style="color: #ffffff; font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold; letter-spacing: 0.8pt;">Comments/Justifications on proposed changes</font></p>














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<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">Sole Paragraph. In event of absence or temporary unavailability of the Chairman of the Board of Directors, his/her duties will be exercised, on a temporary basis, by the Vice-Chairman or by another member of the Board of Directors nominated by him/her.</font></p>














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<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">Sole Paragraph.</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">In event of absence or temporary unavailability of the Chairman of the Board of Directors, his/her duties will be exercised, on a temporary basis, by the Vice-Chairman or by another member of the Board of Directors nominated by him/her</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">.</font></p>
<p style="margin: 0pt; orphans: 0; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">&nbsp;</font></p>














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<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">Sole Paragraph.</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">In event of absence or temporary unavailability of the Chairman of the Board of Directors, his/her duties will be exercised, on a temporary basis, by the Vice-Chairman or by another member of the Board of Directors nominated by him/her.</font></p>
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<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">N/A</font></p>














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<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">Article 25</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">.</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">No member of the Board of Directors may have access to information, take part in resolutions and discussions of the Board of Directors or of any managing bodies, vote or, in any manner, intervene in the matter in which he/she is directly or indirectly in a conflict with the Company&#8217;s interests, as provided for by law</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">.</font></p>
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<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">Article</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;"> 25</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">.</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">No member of the Board of Directors may have access to information, take part in resolutions and discussions of the Board of Directors or of any managing bodies, vote or, in any manner, intervene in the matter in which he/she is directly or indirectly in a conflict with the Company&#8217;s interests, as provided for by law</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">.</font></p>
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<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">Article 25</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">.</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">No member of the Board of Directors may have access to information, take part in resolutions and discussions of the Board of Directors or of any managing bodies, vote or, in any manner, intervene in the matter in which he/she is directly or indirectly in a conflict with the Company&#8217;s interests, as provided for by law.</font></p>
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<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">N/A</font></p>














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<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">Article 26</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">.</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">Except for the possibility of election of Directors by multiple </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">vote</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">, a substitute for a vacancy on the Board of Directors shall be appointed by the remaining Directors and shall hold the office until the subsequent Shareholders&#8217; Meeting, at which a new Director shall be elected for remaining term of office of the replaced director. In the event of vacancy of </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">the majority of</font><font style="font-family: 'Century Gothic'; font-size: 9pt;"> the Board of Directors, a Shareholders&#8217; Meeting shall be</font> <font style="font-family: 'Century Gothic'; font-size: 9pt;">called within fifteen (15) days from the date thereof, in order to elect substitutes, who shall complete the term of office of the </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">replaced members</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">. </font></p>
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">&nbsp;</font></p>














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<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">Article</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;"> 26</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">.</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">Except for the possibility of election of Directors by multiple </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">vote</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">, a substitute for a vacancy on the Board of Directors shall be appointed by the remaining Directors and shall hold the office until the subsequent Shareholders&#8217; Meeting, at which a new Director shall be elected for remaining term of office of the replaced director. In the event of vacancy of </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">the majority of</font><font style="font-family: 'Century Gothic'; font-size: 9pt;"> the Board of Directors, a Shareholders&#8217; Meeting shall be called within 15 days from the date thereof, in order to elect substitutes, who shall complete the term of office of the </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">replaced members</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">. </font></p>
<p style="margin: 0pt; orphans: 0; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">&nbsp;</font></p>














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<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">Article 26</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">.</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">Except for the possibility of election of Directors by multiple </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">vote</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">, a substitute for a vacancy on the Board of Directors shall be appointed by the remaining Directors and shall hold the office until the subsequent Shareholders&#8217; Meeting, at which a new Director shall be elected for remaining term of office of the replaced director. In the event of vacancy of </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">the majority of</font><font style="font-family: 'Century Gothic'; font-size: 9pt;"> the Board of Directors, a Shareholders&#8217; Meeting shall be</font> <font style="font-family: 'Century Gothic'; font-size: 9pt;">called within </font><font style="color: #ff0000; font-family: 'Century Gothic'; font-size: 9pt; text-decoration: line-through;">fifteen (</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">15</font><font style="color: #ff0000; font-family: 'Century Gothic'; font-size: 9pt; text-decoration: line-through;">)</font><font style="font-family: 'Century Gothic'; font-size: 9pt;"> days from the date thereof, in order to elect substitutes, who shall complete the term of office of the </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">replaced members. </font></p>
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">&nbsp;</font></p>














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<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">Wording adjustment</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">.</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'>27</font></font></td>










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<p style="margin: 0pt; orphans: 0; text-align: center; widows: 0;"><font style="color: #ffffff; font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold; letter-spacing: 0.8pt;">Current version</font></p>














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<p style="margin: 0pt; orphans: 0; text-align: center; widows: 0;"><font style="color: #ffffff; font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold; letter-spacing: 0.8pt;">Proposed version</font></p>














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<p style="margin: 0pt; orphans: 0; text-align: center; widows: 0;"><font style="color: #ffffff; font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold; letter-spacing: 0.8pt;">Amended version</font></p>














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<p style="margin: 0pt; orphans: 0; text-align: center; widows: 0;"><font style="color: #ffffff; font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold; letter-spacing: 0.8pt;">Comments/Justifications on proposed changes</font></p>














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<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">Section IV &#8211; Powers</font></p>
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">Article 27</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">.</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">The Board of Directors shall have the power to</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">:</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">a)</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">set the general guidelines of the Company&#8217;s and its subsidiaries&#8217; </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">business;</font></p>
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;</font></p>














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<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">Section</font><font style="font-family: 'Century Gothic'; font-size: 9pt;"> IV &#8211; Powers</font></p>
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">Article</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;"> 27</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">.</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">The Board of Directors shall have the power to</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">:</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">a)</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">set the general guidelines of the subsidiaries&#8217; business and deliberate on the strategic guidelines and strategic plan of the </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">Company</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">;</font></p>
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<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">Section IV &#8211; Powers</font></p>
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">Article 27</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">.</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">The Board of Directors </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">shall have the power to:</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">a)</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">set</font><font style="font-family: 'Century Gothic'; font-size: 9pt;"> the general guidelines of the</font> <font style="color: #ff0000; font-family: 'Century Gothic'; font-size: 9pt;">subsidiaries&#8217; business and deliberate on the strategic guidelines and strategic plan of the </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">Company</font><font style="color: #ff0000; font-family: 'Century Gothic'; font-size: 9pt; text-decoration: line-through;">&#8217;s and its subsidiaries&#8217; </font><font style="color: #ff0000; font-family: 'Century Gothic'; font-size: 9pt; text-decoration: line-through;">business</font><font style="color: #ff0000; font-family: 'Century Gothic'; font-size: 9pt; text-decoration: line-through;">;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;</font></p>














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<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">Adjustment to provide a better understanding regarding the role of the Board of Directors concerning the Company's strategy</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">.</font></p>














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<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">b)</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">elect and remove the executive officers of the Company, appointing among them the Chief Executive Officer and the Chief Financial and Investor Relations Officer, and define their </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">duties</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">;</font></p>
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;</font></p>














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<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">b)</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">elect and remove the executive officers of the Company, appointing among them the Chief Executive Officer and the Chief Financial and Investor Relations Officer, and define their </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">duties</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">;</font></p>
<p style="margin: 0pt; orphans: 0; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">&nbsp;</font></p>














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<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">b)</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">elect and remove the executive officers of the Company, appointing among them the Chief Executive Officer and the Chief Financial and Investor Relations Officer, and define their </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">duties;</font></p>
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;</font></p>














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<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">N/A</font></p>














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<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">c)</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">oversee the management of the executive officers; examine, at any time, the books and documents of the Company; request information about agreements previously entered into or in the process of being entered into by the Company or by its </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">subsidiaries</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">;</font></p>
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;</font></p>














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<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">c)</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">oversee the management of the executive officers; examine, at any time, the books and documents of the Company; request information about agreements previously entered into or in the process of being entered into by the </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">Company</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">;</font></p>
<p style="margin: 0pt; orphans: 0; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">&nbsp;</font></p>














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<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">c)</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">oversee the management of the executive officers; examine, at any time, the books and documents of the Company; request information about agreements previously entered into or in the process of being entered into by the Company </font><font style="color: #ff0000; font-family: 'Century Gothic'; font-size: 9pt; text-decoration: line-through;">or by its </font><font style="color: #ff0000; font-family: 'Century Gothic'; font-size: 9pt; text-decoration: line-through;">subsidiaries</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">;</font></p>
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;</font></p>














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<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">Adjustment to allow the Board of Directors to focus on the strategic aspects of the Company.</font></p>
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;</font></p>
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;</font></p>
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;</font></p>
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;</font></p>














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<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">d)</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">express its opinion with respect to Management Report and the financial statements of the Company, submitting them to the Shareholders&#8217; Meeting for approval;</font></p>














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<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">d)</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">express its opinion with respect to Management Report and the financial statements of the Company, submitting them to the Shareholders&#8217; Meeting for </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">approval</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">;</font></p>
<p style="margin: 0pt; orphans: 0; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">&nbsp;</font></p>














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<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">d)</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">express its opinion with respect to Management Report and the financial statements of the Company, submitting them to the Shareholders&#8217; Meeting for </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">approval;</font></p>
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;</font></p>














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<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">N/A</font></p>














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<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 25%; border-image: initial; border-width: 1px; border-color: #000000 !important; border-style: solid;">
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">e)</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">fix the compensation of the members of the Board of Directors and the individual compensation of the Executive Officers of the Company, considering the proposal of the People&#8217;s Committee, according to article 40, </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">single paragraph, &#8220;b&#8221;.</font></p>
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;</font></p>














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<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 25%; border-image: initial; border-width: 1px; border-color: #000000 !important; border-style: solid;">
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">e)</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">fix the compensation of the members of the Board of Directors and the individual compensation of the Executive Officers of the Company, considering the proposal of the People and Sustainability Committee, </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">according to article 40, single paragraph, &#8220;b</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">&#8221;</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">;</font></p>
<p style="margin: 0pt; orphans: 0; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">&nbsp;</font></p>














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<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 25%; border-image: initial; border-width: 1px; border-color: #000000 !important; border-style: solid;">
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">e)</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">fix the compensation of the members of the Board of Directors and the individual compensation of the Executive Officers of the Company, considering the proposal of the </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">People</font><font style="color: #ff0000; font-family: 'Century Gothic'; font-size: 9pt; text-decoration: line-through;">&#8217;s</font><font style="color: #ff0000; font-family: 'Century Gothic'; font-size: 9pt;"> and Sustainability </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">Committee, </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">according to article 40, single paragraph, &#8220;b</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">&#8221;;</font></p>
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;</font></p>














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<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">Adjustment















<font style="font-size: 9.0pt; font-family: 'Century Gothic',sans-serif; mso-fareast-font-family: 'Times New Roman'; mso-bidi-font-family: 'Open Sans'; color: black; mso-themecolor: text1; mso-ansi-language: EN-US; mso-fareast-language: PT-BR; mso-bidi-language: AR-SA;">to reflect the new nomenclature of the People
and Sustainability Committee, due to the new role described in Article 40</font></font><font style="font-family: 'Century Gothic'; font-size: 9pt;">.</font></p>














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<p style="margin: 0pt; orphans: 0; text-align: center; widows: 0;"><font style="color: #ffffff; font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold; letter-spacing: 0.8pt;">Current version</font></p>














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<p style="margin: 0pt; orphans: 0; text-align: center; widows: 0;"><font style="color: #ffffff; font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold; letter-spacing: 0.8pt;">Proposed version</font></p>














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<p style="margin: 0pt; orphans: 0; text-align: center; widows: 0;"><font style="color: #ffffff; font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold; letter-spacing: 0.8pt;">Amended version</font></p>














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<p style="margin: 0pt; orphans: 0; text-align: center; widows: 0;"><font style="color: #ffffff; font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold; letter-spacing: 0.8pt;">Comments/Justifications on proposed changes</font></p>














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<tr style="height: 15.85pt;">
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 25%; border-image: initial; border-width: 1px; border-color: #000000 !important; border-style: solid;">
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">f)</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">define the overall criteria regarding the compensation and benefits policy of the directors and executive officers as well as of the senior employees of the Company and, whenever necessary, of its subsidiaries, taking into consideration the People Committee&#8217;s </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">proposal</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">s;</font></p>
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;</font></p>














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<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 25%; border-image: initial; border-width: 1px; border-color: #000000 !important; border-style: solid;">
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">f)</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">define the overall criteria regarding the compensation and benefits policy of the directors and executive officers as well as of the senior employees of the Company and, whenever necessary, of its subsidiaries, taking into consideration the People and Sustainability Committee&#8217;s </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">proposal</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">;</font></p>
<p style="margin: 0pt; orphans: 0; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">&nbsp;</font></p>














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<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 25%; border-image: initial; border-width: 1px; border-color: #000000 !important; border-style: solid;">
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">f)</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">define the overall criteria regarding the compensation and benefits policy of the directors and executive officers as well as of the senior employees of the Company and, whenever necessary, of its subsidiaries, taking into consideration the People </font><font style="color: #ff0000; font-family: 'Century Gothic'; font-size: 9pt;">and Sustainability </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">Committee&#8217;s </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">proposal;</font></p>
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;</font></p>














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<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">















<font style="font-size: 9.0pt; font-family: 'Century Gothic',sans-serif; mso-fareast-font-family: 'Times New Roman'; mso-bidi-font-family: 'Open Sans'; color: black; mso-themecolor: text1; mso-ansi-language: EN-US; mso-fareast-language: PT-BR; mso-bidi-language: AR-SA; mso-bidi-font-weight: bold;">Adjustment </font><font style="font-size: 9pt; font-family: 'Century Gothic', sans-serif; color: #000000;">to reflect the new nomenclature of the People and Sustainability
Committee, due to the new role described in Article 40</font>


..</font></p>














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<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 25%; border-image: initial; border-width: 1px; border-color: #000000 !important; border-style: solid;">
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">g)</font> <font style="font-family: 'Century Gothic'; font-size: 9pt;">grant shares and stock options under the terms of Article 8 of these </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">Bylaws</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">;</font></p>
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;</font></p>














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<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 25%; border-image: initial; border-width: 1px; border-color: #000000 !important; border-style: solid;">
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">g)</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">grant shares and stock options under the terms of Article 8 of these </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">Bylaws</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">;</font></p>
<p style="margin: 0pt; orphans: 0; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">&nbsp;</font></p>














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<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 25%; border-image: initial; border-width: 1px; border-color: #000000 !important; border-style: solid;">
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">g)</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">grant shares and stock options under the terms of Article 8 of these </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">Bylaws;</font></p>
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;</font></p>














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<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">N/A </font></p>














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<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 25%; border-image: initial; border-width: 1px; border-color: #000000 !important; border-style: solid;">
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">h)</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">call the Shareholders&#8217; </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">Meetings</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">;</font></p>
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;</font></p>














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<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 25%; border-image: initial; border-width: 1px; border-color: #000000 !important; border-style: solid;">
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">h)</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">call the Shareholders&#8217; </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">Meetings</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">;</font></p>
<p style="margin: 0pt; orphans: 0; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">&nbsp;</font></p>














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<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 25%; border-image: initial; border-width: 1px; border-color: #000000 !important; border-style: solid;">
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">h)</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">call the Shareholders&#8217; </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">Meetings;</font></p>
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;</font></p>














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<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">N/A</font></p>














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<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 25%; border-image: initial; border-width: 1px; border-color: #000000 !important; border-style: solid;">
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">i</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">)</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">submit a slate of candidates to the Shareholders&#8217; Meeting for election of directors, pursuant to Article 19 of these </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">Bylaws</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">;</font></p>
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;</font></p>














       </td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 25%; border-image: initial; border-width: 1px; border-color: #000000 !important; border-style: solid;">
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">i</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">)</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">submit a slate of candidates to the Shareholders&#8217; Meeting for election of directors, pursuant to Article 19 of these </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">Bylaws</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">;</font></p>
<p style="margin: 0pt; orphans: 0; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">&nbsp;</font></p>














       </td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 25%; border-image: initial; border-width: 1px; border-color: #000000 !important; border-style: solid;">
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">i</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">)</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">submit a slate of candidates to the Shareholders&#8217; Meeting for election of directors, pursuant to Article 19 of these </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">Bylaws;</font></p>
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;</font></p>














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<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">N/A</font></p>














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<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 25%; border-image: initial; border-width: 1px; border-color: #000000 !important; border-style: solid;">
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">j)</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">propose to the Shareholders&#8217; Meeting the allocation of the balance of the adjusted net profit for the year, as referred to in letter &#8220;c&#8221;, paragraph one of Article 53 of these </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">Bylaws</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">;</font></p>
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;</font></p>














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<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 25%; border-image: initial; border-width: 1px; border-color: #000000 !important; border-style: solid;">
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">j)</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">propose to the Shareholders&#8217; Meeting the allocation of the balance of the adjusted net profit for the year, as referred to in letter &#8220;c&#8221;, paragraph one of Article 53 of these </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">Bylaws</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">;</font></p>
<p style="margin: 0pt; orphans: 0; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">&nbsp;</font></p>














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<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 25%; border-image: initial; border-width: 1px; border-color: #000000 !important; border-style: solid;">
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">j)</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">propose to the Shareholders&#8217; Meeting the allocation of the balance of the adjusted net profit for the year, as referred to in letter &#8220;c&#8221;, paragraph one of Article 53 of these </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">Bylaws;</font></p>
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;</font></p>














       </td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 25%; border-image: initial; border-width: 1px; border-color: #000000 !important; border-style: solid;">
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">N/A</font></p>














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<tr style="height: 15.85pt;">
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 25%; border-image: initial; border-width: 1px; border-color: #000000 !important; border-style: solid;">
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">k)</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">approve the preparation of financial statements at shorter intervals than the fiscal year, the distribution of dividends based on such financial statements or interim dividends, as well as the payment or crediting of interest on own capital, under the terms of the applicable </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">laws</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">;</font> </p>
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;</font></p>














       </td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 25%; border-image: initial; border-width: 1px; border-color: #000000 !important; border-style: solid;">
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">k)</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">approve the preparation of financial statements at shorter intervals than the fiscal year, the distribution of dividends based on such financial statements or interim dividends, as well as the payment or crediting of interest on own capital, under the terms of the applicable </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">law</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">s;</font> </p>
<p style="margin: 0pt; orphans: 0; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">&nbsp;</font></p>














       </td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 25%; border-image: initial; border-width: 1px; border-color: #000000 !important; border-style: solid;">
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">k)</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">approve the preparation of financial statements at shorter intervals than the fiscal year, the distribution of dividends based on such financial statements or interim dividends, as well as the payment or crediting of interest on own capital, under the terms of the applicable </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">laws;</font> </p>
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;</font></p>














       </td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 25%; border-image: initial; border-width: 1px; border-color: #000000 !important; border-style: solid;">
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">N/A</font></p>














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<p style="margin: 0pt; orphans: 0; text-align: center; widows: 0;"><font style="color: #ffffff; font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold; letter-spacing: 0.8pt;">Current version</font></p>














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<p style="margin: 0pt; orphans: 0; text-align: center; widows: 0;"><font style="color: #ffffff; font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold; letter-spacing: 0.8pt;">Proposed version</font></p>














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<p style="margin: 0pt; orphans: 0; text-align: center; widows: 0;"><font style="color: #ffffff; font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold; letter-spacing: 0.8pt;">Amended version</font></p>














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<th style="background-color: #17365d; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 25%; border-image: initial; border-width: 1px; border-color: #000000 !important; border-style: solid;">
<p style="margin: 0pt; orphans: 0; text-align: center; widows: 0;"><font style="color: #ffffff; font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold; letter-spacing: 0.8pt;">Comments/Justifications on proposed changes</font></p>














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<tr style="height: 15.85pt;">
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 25%; border-image: initial; border-width: 1px; border-color: #000000 !important; border-style: solid;">
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">l)</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">pass resolutions on the issuance </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">of shares, debentures convertible into shares and subscription warrants, within the limits of the authorized capital of the </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">Company</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">;</font></p>
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;</font></p>














       </td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 25%; border-image: initial; border-width: 1px; border-color: #000000 !important; border-style: solid;">
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">l)</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">pass resolutions on the issuance </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">of shares, debentures convertible into shares and subscription warrants, within the limits of the authorized capital of the </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">Company</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">;</font></p>
<p style="margin: 0pt; orphans: 0; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">&nbsp;</font></p>














       </td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 25%; border-image: initial; border-width: 1px; border-color: #000000 !important; border-style: solid;">
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">l)</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">pass resolutions on the issuance </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">of shares, debentures convertible into shares and subscription warrants, within the limits of the authorized capital of the </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">Company;</font></p>
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;</font></p>














       </td>
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<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">N/A</font></p>














       </td>














      </tr>
<tr style="height: 15.85pt;">
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 25%; border-image: initial; border-width: 1px; border-color: #000000 !important; border-style: solid;">
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">m)</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">submit proposals to the Shareholders&#8217; Meeting concerning an amalgamation, spin-off, merger, merger of shares or dissolution of the Company, as well as amendments to these </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">Bylaws</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">;</font></p>
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;</font></p>














       </td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 25%; border-image: initial; border-width: 1px; border-color: #000000 !important; border-style: solid;">
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">m)</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">submit proposals to the Shareholders&#8217; Meeting concerning an amalgamation, spin-off, merger, merger of shares or dissolution of the Company, as well as amendments to these </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">Bylaws</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">;</font></p>
<p style="margin: 0pt; orphans: 0; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">&nbsp;</font></p>














       </td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 25%; border-image: initial; border-width: 1px; border-color: #000000 !important; border-style: solid;">
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">m)</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">submit proposals to the Shareholders&#8217; Meeting concerning an amalgamation, spin-off, merger, merger of shares or dissolution of the Company, as well as amendments to these </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">Bylaws;</font></p>
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;</font></p>














       </td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 25%; border-image: initial; border-width: 1px; border-color: #000000 !important; border-style: solid;">
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">N/A</font></p>














       </td>














      </tr>
<tr style="height: 15.85pt;">
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 25%; border-image: initial; border-width: 1px; border-color: #000000 !important; border-style: solid;">
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">n)</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">authorize the acquisition of shares of the Company to be held as treasury shares, cancelled or subsequently disposed of, subject to applicable </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">laws</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">;</font> </p>
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;</font></p>














       </td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 25%; border-image: initial; border-width: 1px; border-color: #000000 !important; border-style: solid;">
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">n)</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">authorize the acquisition of shares of the Company to be held as treasury shares, cancelled or subsequently disposed of, subject to applicable </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">laws</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">;</font> </p>
<p style="margin: 0pt; orphans: 0; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">&nbsp;</font></p>














       </td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 25%; border-image: initial; border-width: 1px; border-color: #000000 !important; border-style: solid;">
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">n)</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">authorize the acquisition of shares of the Company to be held as treasury shares, cancelled or subsequently disposed of, subject to applicable </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">laws;</font> </p>
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;</font></p>














       </td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 25%; border-image: initial; border-width: 1px; border-color: #000000 !important; border-style: solid;">
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">N/A</font></p>














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      </tr>
<tr style="height: 15.85pt;">
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 25%; border-image: initial; border-width: 1px; border-color: #000000 !important; border-style: solid;">
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">o)</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">approve the public issuance of commercial promissory notes by the Company or by its controlled </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">companies</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">;</font></p>
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;</font></p>














       </td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 25%; border-image: initial; border-width: 1px; border-color: #000000 !important; border-style: solid;">
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">o)</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">approve the public issuance of commercial promissory notes by the Company or by its controlled </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">companies</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">;</font></p>
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;</font></p>














       </td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 25%; border-image: initial; border-width: 1px; border-color: #000000 !important; border-style: solid;">
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">o)</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">approve the public issuance of commercial promissory notes by the Company or by its controlled </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">companies;</font></p>
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;</font></p>














       </td>
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<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">N/A</font></p>














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      </tr>
<tr style="height: 15.85pt;">
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 25%; border-image: initial; border-width: 1px; border-color: #000000 !important; border-style: solid;">
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">p)</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">approve the following transactions, either by the Company or by its controlled companies, when the value exceeds five percent (5%) of the Company&#8217;s shareholders&#8217; equity: (</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">i</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">) acquisition, disposal or encumbrance of assets; (ii) granting of collateral; (iii) indebtedness to third parties or waivers of any rights; (iv) investment or investment project; and (v) direct or indirect acquisition or disposal of an equity interest, including by means of a consortium or special partnership;</font></p>
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;</font></p>














       </td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 25%; border-image: initial; border-width: 1px; border-color: #000000 !important; border-style: solid;">
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">p)</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">approve the following transactions, either by the Company or by its controlled companies, when the value exceeds 5% of the Company&#8217;s shareholders&#8217; equity: (</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">i</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">) acquisition, disposal or encumbrance of assets; (ii) granting of collateral; (iii) indebtedness to third parties or waivers of any rights; (iv) investment or investment project; and (v) direct or indirect acquisition or disposal of an equity interest, including by means of a consortium or special partnership</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">;</font></p>
<p style="margin: 0pt; orphans: 0; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">&nbsp;</font></p>














       </td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 25%; border-image: initial; border-width: 1px; border-color: #000000 !important; border-style: solid;">
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">p)</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">approve the following transactions, either by the Company or by its controlled companies, when the value exceeds </font><font style="color: #ff0000; font-family: 'Century Gothic'; font-size: 9pt; text-decoration: line-through;">five percent (</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">5%</font><font style="color: #ff0000; font-family: 'Century Gothic'; font-size: 9pt; text-decoration: line-through;">)</font><font style="font-family: 'Century Gothic'; font-size: 9pt;"> of the Company&#8217;s shareholders&#8217; equity: (</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">i</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">) acquisition, disposal or encumbrance of assets; (ii) granting of collateral; (iii) indebtedness to third parties or waivers of any rights; (iv) investment or investment project; and (v) direct or indirect acquisition or disposal of an equity interest, including by means of a consortium or special partnership;</font></p>
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;</font></p>














       </td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 25%; border-image: initial; border-width: 1px; border-color: #000000 !important; border-style: solid;">
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">Wording adjustment</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">.</font></p>














       </td>














      </tr>


























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<p style="margin: 0pt; font-family: 'times new roman'; font-size: 10pt;"><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'>30</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>
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   </div>
<p style="margin: 0pt; font-family: 'times new roman'; font-size: 10pt;"><font style="font-family: 'times new roman'; font-size: 10pt;">&nbsp;</font></p>
<div style="width: 8.5in; margin: 0 auto;">
<table cellspacing="0" cellpadding="0" style="border-collapse: collapse; margin-left: 0pt; font-family: &quot;times new roman&quot;; font-size: 10pt; height: 725px; width: 100%;" width="100%">

<tr style="height: 36px;">
<th style="background-color: rgb(23, 54, 93); padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 25%; border-image: initial; border-width: 1px; border-style: solid; border-color: rgb(0, 0, 0) !important; height: 36px;">
<p style="margin: 0pt; orphans: 0; text-align: center; widows: 0;"><font style="color: #ffffff; font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold; letter-spacing: 0.8pt;">Current version</font></p>














       </th>
<th style="background-color: rgb(23, 54, 93); padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 25%; border-image: initial; border-width: 1px; border-style: solid; border-color: rgb(0, 0, 0) !important; height: 36px;">
<p style="margin: 0pt; orphans: 0; text-align: center; widows: 0;"><font style="color: #ffffff; font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold; letter-spacing: 0.8pt;">Proposed version</font></p>














       </th>
<th style="background-color: rgb(23, 54, 93); padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 25%; border-image: initial; border-width: 1px; border-style: solid; border-color: rgb(0, 0, 0) !important; height: 36px;">
<p style="margin: 0pt; orphans: 0; text-align: center; widows: 0;"><font style="color: #ffffff; font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold; letter-spacing: 0.8pt;">Amended version</font></p>














       </th>
<th style="background-color: rgb(23, 54, 93); padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 25%; border-image: initial; border-width: 1px; border-style: solid; border-color: rgb(0, 0, 0) !important; height: 36px;">
<p style="margin: 0pt; orphans: 0; text-align: center; widows: 0;"><font style="color: #ffffff; font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold; letter-spacing: 0.8pt;">Comments/Justifications on proposed changes</font></p>














       </th>














      </tr>
















<tr style="height: 86px;">
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 25%; border-image: initial; border-width: 1px; border-style: solid; border-color: rgb(0, 0, 0) !important; height: 86px;">
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">q) </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">approve the execution of shareholders&#8217; agreements by the Company or by its controlled </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">companies</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">;</font></p>
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;</font></p>














       </td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 25%; border-image: initial; border-width: 1px; border-style: solid; border-color: rgb(0, 0, 0) !important; height: 86px;">
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">q) </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">approve the execution of shareholders&#8217; agreements by the Company or by its controlled </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">companies</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">;</font></p>
<p style="margin: 0pt; orphans: 0; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">&nbsp;</font></p>














       </td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 25%; border-image: initial; border-width: 1px; border-style: solid; border-color: rgb(0, 0, 0) !important; height: 86px;">
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">q) </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">approve the execution of shareholders&#8217; agreements by the Company or by its controlled </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">companies;</font></p>
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;</font></p>














       </td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 25%; border-image: initial; border-width: 1px; border-style: solid; border-color: rgb(0, 0, 0) !important; height: 86px;">
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">N/A</font></p>














       </td>














      </tr>
<tr style="height: 86px;">
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 25%; border-image: initial; border-width: 1px; border-style: solid; border-color: rgb(0, 0, 0) !important; height: 86px;">
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">r)</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">select and dismiss the independent auditors, after receiving the Audit Committee&#8217;s </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">opinion</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">;</font></p>
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;</font></p>














       </td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 25%; border-image: initial; border-width: 1px; border-style: solid; border-color: rgb(0, 0, 0) !important; height: 86px;">
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">r)</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">select and dismiss the independent auditors, after receiving the Audit Committee&#8217;s </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">opinion</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">;</font></p>
<p style="margin: 0pt; orphans: 0; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">&nbsp;</font></p>














       </td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 25%; border-image: initial; border-width: 1px; border-style: solid; border-color: rgb(0, 0, 0) !important; height: 86px;">
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">r)</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">select and dismiss the independent auditors, after receiving the Audit Committee&#8217;s </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">opinion;</font></p>
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;</font></p>














       </td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 25%; border-image: initial; border-width: 1px; border-style: solid; border-color: rgb(0, 0, 0) !important; height: 86px;">
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">N/A</font></p>














       </td>














      </tr>
<tr style="height: 363px;">
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 25%; border-image: initial; border-width: 1px; border-style: solid; border-color: rgb(0, 0, 0) !important; height: 363px;">
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">s)</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">express an opinion as to whether it is in favor or against any tender offer for the shares of the Company, through a prior opinion containing the reasons for such position disclosed within 15 (fifteen) days from the publication of the tender offer notice, opinion which should cover, at minimum: (</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">i</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">) the convenience and opportunity of the tender offer for the&nbsp;</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">Company and its </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">shareholders as a whole, including</font><font style="font-family: 'Century Gothic'; font-size: 9pt;"> with respect to the price and potential impacts on share liquidity; (ii) any alternatives to accepting the tender offer for the shares on free float</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">;</font></p>














       </td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 25%; border-image: initial; border-width: 1px; border-style: solid; border-color: rgb(0, 0, 0) !important; height: 363px;">
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">s)</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">express an opinion as to whether it is in favor or against any tender offer for the shares of the Company, through a prior opinion containing the reasons for such position disclosed within 15 days from the publication of the tender offer notice, opinion which should cover, at minimum: (</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">i</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">) the convenience and opportunity of the tender offer for the Company and its shareholders as a whole, including with respect to the price and potential impacts on share liquidity; (ii) any alternatives to accepting the tender offer for the shares on free float</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">; </font></p>
<p style="margin: 0pt; orphans: 0; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">&nbsp;</font></p>














       </td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 25%; border-image: initial; border-width: 1px; border-style: solid; border-color: rgb(0, 0, 0) !important; height: 363px;">
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">s)</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">express an opinion as to whether it is in favor or against any tender offer for the shares of the Company, through a prior opinion containing the reasons for such position disclosed within 15 </font><font style="color: #ff0000; font-family: 'Century Gothic'; font-size: 9pt; text-decoration: line-through;">(fifteen)</font> <font style="font-family: 'Century Gothic'; font-size: 9pt;">days from the publication of the tender offer notice, opinion which should cover, at minimum: (</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">i</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">) the convenience and opportunity of the tender offer for the&nbsp;</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">Company and its </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">shareholders as a whole, including</font><font style="font-family: 'Century Gothic'; font-size: 9pt;"> with respect to the price and potential impacts on share liquidity; (ii) any alternatives to accepting the tender offer for the shares on free float</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">;</font></p>














       </td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 25%; border-image: initial; border-width: 1px; border-style: solid; border-color: rgb(0, 0, 0) !important; height: 363px;">
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">Wording adjustment</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">.</font></p>














       </td>














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<tr style="height: 51px;">
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 25%; border-image: initial; border-width: 1px; border-style: solid; border-color: rgb(0, 0, 0) !important; height: 51px;">
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">t) </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">approve corporate policies as per the proposals submitted by the relevant entities; and</font></p>














       </td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 25%; border-image: initial; border-width: 1px; border-style: solid; border-color: rgb(0, 0, 0) !important; height: 51px;">
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">t) </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">approve corporate policies as per the proposals submitted by the relevant entities; and</font> </p>














       </td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 25%; border-image: initial; border-width: 1px; border-style: solid; border-color: rgb(0, 0, 0) !important; height: 51px;">
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">t) approve corporate policies as per the proposals submitted by the relevant entities; and </font></p>














       </td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 25%; border-image: initial; border-width: 1px; border-style: solid; border-color: rgb(0, 0, 0) !important; height: 51px;">
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">N/A</font></p>














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      </tr>
<tr style="height: 103px;">
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 25%; border-image: initial; border-width: 1px; border-style: solid; border-color: rgb(0, 0, 0) !important; height: 103px;">
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">u)</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">pass resolutions on other matters not regulated by these Bylaws, as well as otherwise resolving such matters</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">.</font></p>
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;</font></p>














       </td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 25%; border-image: initial; border-width: 1px; border-style: solid; border-color: rgb(0, 0, 0) !important; height: 103px;">
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">u)</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">pass resolutions on other matters not regulated by these Bylaws, as well as otherwise resolving such matters</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">.</font></p>
<p style="margin: 0pt; orphans: 0; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">&nbsp;</font></p>














       </td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 25%; border-image: initial; border-width: 1px; border-style: solid; border-color: rgb(0, 0, 0) !important; height: 103px;">
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">u)</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">pass resolutions on other matters not regulated by these Bylaws, as well as otherwise resolving such matters.</font></p>
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;</font></p>














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<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 25%; border-image: initial; border-width: 1px; border-style: solid; border-color: rgb(0, 0, 0) !important; height: 103px;">
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">N/A</font></p>














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<p style="margin: 0pt; font-family: 'times new roman'; font-size: 10pt;"><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'>31</font></font></td>










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<p style="margin: 0pt; font-family: 'times new roman'; font-size: 10pt;"><font style="font-family: 'times new roman'; font-size: 10pt;">&nbsp;</font></p>
<div style="width: 8.5in; margin: 0 auto;">
<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: 28.15pt;">
<th style="background-color: #17365d; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 25%; border-image: initial; border-width: 1px; border-color: #000000 !important; border-style: solid;">
<p style="margin: 0pt; orphans: 0; text-align: center; widows: 0;"><font style="color: #ffffff; font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold; letter-spacing: 0.8pt;">Current version</font></p>














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<th style="background-color: #17365d; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 25%; border-image: initial; border-width: 1px; border-color: #000000 !important; border-style: solid;">
<p style="margin: 0pt; orphans: 0; text-align: center; widows: 0;"><font style="color: #ffffff; font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold; letter-spacing: 0.8pt;">Proposed version</font></p>














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<th style="background-color: #17365d; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 25%; border-image: initial; border-width: 1px; border-color: #000000 !important; border-style: solid;">
<p style="margin: 0pt; orphans: 0; text-align: center; widows: 0;"><font style="color: #ffffff; font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold; letter-spacing: 0.8pt;">Amended version</font></p>














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<p style="margin: 0pt; orphans: 0; text-align: center; widows: 0;"><font style="color: #ffffff; font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold; letter-spacing: 0.8pt;">Comments/Justifications on proposed changes</font></p>














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<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">Article 28</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">.</font> <font style="font-family: 'Century Gothic'; font-size: 9pt;">The Chairman of the Board of Directors shall</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">:</font></p>
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;</font></p>
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">a)</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">call the Shareholders&#8217; Meeting, whenever so decided by the Board of Directors or, exceptionally, on his/her own initiative, in which case he/she shall immediately inform the other </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">Directors</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">;</font></p>
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">&nbsp;</font></p>














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<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">Article</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;"> 28</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">.</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">The Chairman of the Board of Directors shall</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">:</font></p>
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;</font></p>
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">a)</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">call the Shareholders&#8217; Meeting, whenever so decided by the Board of Directors or, exceptionally, on his/her own initiative, in which case he/she shall immediately inform the other </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">Directors</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">;</font></p>
<p style="margin: 0pt; orphans: 0; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">&nbsp;</font></p>














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<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">Article 28</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">.</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">The Chairman of the Board of Directors shall:</font></p>
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;</font></p>
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">a)</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">call the Shareholders&#8217; Meeting, whenever so decided by the Board of Directors or, exceptionally, on his/her own initiative, in which case he/she shall immediately inform the other </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">Directors;</font></p>
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">&nbsp;</font></p>














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<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">N/A</font></p>














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<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">b)</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">call and preside the meetings of the Board of </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">Directors</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">;</font></p>
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;</font></p>














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<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">b)</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">call and preside the meetings of the Board of </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">Directors</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">;</font></p>
<p style="margin: 0pt; orphans: 0; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">&nbsp;</font></p>














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<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">b)</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">call and preside the meetings of the Board of </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">Directors;</font></p>
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;</font></p>














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<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">N/A</font></p>














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<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">c)<font style="color: #000000; font-family: 'Century Gothic'; font-size: 12px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<font>&nbsp;</font></font></font><font style="font-family: 'Century Gothic'; font-size: 9pt;">communicate the dates of the regular meetings and oversee the Board of Director&#8217;s administrative activities; and</font></p>
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;</font></p>














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<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 25%; border-image: initial; border-width: 1px; border-color: #000000 !important; border-style: solid;">
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">c)</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">communicate the dates of the regular meetings and oversee the Board of Director&#8217;s administrative activities; and</font></p>
<p style="margin: 0pt; orphans: 0; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">&nbsp;</font></p>














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<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 25%; border-image: initial; border-width: 1px; border-color: #000000 !important; border-style: solid;">
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">c)</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">communicate the dates of the regular meetings and oversee the Board of Director&#8217;s administrative activities; and</font></p>
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;</font></p>














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<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">N/A</font></p>














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<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">d)</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">convey resolutions made by the Board of Directors to the Board of Executive Officers and instruct the latter on the fulfillment thereof</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">.</font></p>
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;</font></p>














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<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">d)</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">convey resolutions made by the Board of Directors to the Board of Executive Officers and instruct the latter on the fulfillment thereof</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">.</font></p>
<p style="margin: 0pt; orphans: 0; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">&nbsp;</font></p>














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<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">d)</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">convey resolutions made by the Board of Directors to the Board of Executive Officers and instruct the latter on the fulfillment thereof.</font></p>
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;</font></p>














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<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">N/A</font></p>














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<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">Article</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;"> 29</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">.</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">The Vice-Chairman of the Board of Directors shall replace the Chairman, in his/her occasional absences and unavailability and, in case of vacancy in the office of Chairman, to hold such office until the date of the election of the new Chairman</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">.</font></p>
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">&nbsp;</font></p>














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<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">Article</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;"> 29</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">.</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">The Vice-Chairman of the Board of Directors shall replace the Chairman, in his/her occasional absences and unavailability and, in case of vacancy in the office of Chairman, to hold such office until the date of the election of the new Chairman</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">.</font></p>
<p style="margin: 0pt; orphans: 0; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">&nbsp;</font></p>














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<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">Article 29</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">.</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">The Vice-Chairman of the Board of Directors shall replace the Chairman, in his/her occasional absences and unavailability and, in case of vacancy in the office of Chairman, to hold such office until the date of the election of the new Chairman.</font></p>
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">&nbsp;</font></p>














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<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">N/A</font></p>














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<p style="margin: 0pt; orphans: 0; text-align: center; widows: 0;"><font style="color: #ffffff; font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold; letter-spacing: 0.8pt;">Current version</font></p>














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<p style="margin: 0pt; orphans: 0; text-align: center; widows: 0;"><font style="color: #ffffff; font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold; letter-spacing: 0.8pt;">Comments/Justifications on proposed changes</font></p>














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<p style="margin: 0pt; orphans: 0; text-align: center; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">CHAPTER VI</font></p>
<p style="margin: 0pt; orphans: 0; text-align: center; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">Board of Executive Officers</font></p>
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">&nbsp;</font></p>
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">Article</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;"> 30</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">.</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">The Board of Executive Officers shall be comprised of up to eight (8) executive officers, who may or may not be shareholders, shall be resident in Brazil and be elected by the Board of Directors, without specific designation except for the Chief Executive Officer and the Chief Financial and Investor Relations Officer</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">.</font></p>
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<p style="margin: 0pt; orphans: 0; text-align: center; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">CHAPTER VI</font></p>
<p style="margin: 0pt; orphans: 0; text-align: center; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">Board of Executive Officers</font></p>
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">&nbsp;</font></p>
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">Article</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;"> 30</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">.</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">The Board of Executive Officers shall be comprised of up to 8 executive officers, who may or may not be shareholders, shall be resident in Brazil and be elected by the Board of Directors, without specific designation except for the Chief Executive Officer and the Chief Financial and Investor Relations Officer</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">.</font></p>
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<p style="margin: 0pt; orphans: 0; text-align: center; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">CHAPTER VI</font></p>
<p style="margin: 0pt; orphans: 0; text-align: center; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">Board of Executive Officers</font></p>
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">&nbsp;</font></p>
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">Article 30</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">.</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">The Board of Executive Officers shall be comprised of up to </font><font style="color: #ff0000; font-family: 'Century Gothic'; font-size: 9pt; text-decoration: line-through;">eight (</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">8</font><font style="color: #ff0000; font-family: 'Century Gothic'; font-size: 9pt; text-decoration: line-through;">)</font><font style="font-family: 'Century Gothic'; font-size: 9pt;"> executive officers, who may or may not be shareholders, shall be resident in Brazil and be elected by the Board of Directors, without specific designation except for the Chief Executive Officer and the Chief Financial and Investor Relations Officer.</font></p>
<p style="margin: 0pt; orphans: 0; text-align: center; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">&nbsp;</font></p>














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<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">Wording adjustment</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">.</font></p>














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<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">Sole paragraph. The term of the members of the Board of Executive Officers shall be 2 (two) years, with reelection permitted, and will continue until each successor is elected.</font></p>














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<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">Sole paragraph.&nbsp; The term of the members of the Board of Executive Officers shall be 2 years, with reelection permitted, and will continue until each successor is elected</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">.</font></p>
<p style="margin: 0pt; orphans: 0; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">&nbsp;</font></p>














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<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">Sole paragraph. The term of the members of the Board of Executive Officers shall be 2 </font><font style="color: #ff0000; font-family: 'Century Gothic'; font-size: 9pt; text-decoration: line-through;">(two)</font> <font style="font-family: 'Century Gothic'; font-size: 9pt;">years, with reelection permitted, and will continue until each successor is elected.</font></p>














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<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">Wording adjustment</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">.</font></p>














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<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">Article</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;"> 31</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">.</font> <font style="font-family: 'Century Gothic'; font-size: 9pt;">The Board of Executive Officers shall hold meetings whenever the interest of the Company shall so require and their decisions shall be made by simple majority of votes, requiring one-half of the number of the elected members to form a quorum, with the Chief Executive Officer, in addition to his/her own vote, providing the casting vote</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">.</font></p>
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">&nbsp;</font></p>














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<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">Article</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;"> 31</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">.</font> <font style="font-family: 'Century Gothic'; font-size: 9pt;">The Board of Executive Officers shall hold meetings whenever the interest of the Company shall so require and their decisions shall be made by simple majority of votes, requiring one-half of the number of the elected members to form a quorum, with the Chief Executive Officer, in addition to his/her own vote, providing the casting vote</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">.</font></p>
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<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">Article 31</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">.</font> <font style="font-family: 'Century Gothic'; font-size: 9pt;">The Board of Executive Officers shall hold meetings whenever the interest of the Company shall so require and their decisions shall be made by simple majority of votes, requiring one-half of the number of the elected members to form a quorum, with the Chief Executive Officer, in addition to his/her own vote, providing the casting vote.</font></p>
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">&nbsp;</font></p>














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<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">N/A</font></p>














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<p style="margin: 0pt; orphans: 0; text-align: center; widows: 0;"><font style="color: #ffffff; font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold; letter-spacing: 0.8pt;">Current version</font></p>














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<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">Article 32</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">.</font> <font style="font-family: 'Century Gothic'; font-size: 9pt;">The Board of Executive Officers shall perform the acts necessary for the regular operation of the Company and for the management of its business, and shall be authorized to open and close branches, offices or other premises and facilities in any location in Brazil or abroad, subject to the guidelines provided by the Board of Directors</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">.</font></p>
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<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">Article 32</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">.</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">The Board of Executive Officers shall perform the acts necessary for the regular operation of the Company and for the management of its business, and shall be authorized to open and close branches, offices or other premises and facilities in any location in Brazil or abroad, subject to the guidelines provided by the Board of Directors</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">.</font></p>
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<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">Article 32</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">.</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">The Board of Executive Officers shall perform the acts necessary for the regular operation of the Company and for the management of its business, and shall be authorized to open and close branches, offices or other premises and facilities in any location in Brazil or abroad, subject to the guidelines provided by the Board of Directors.</font></p>
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<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">N/A</font></p>














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<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">&#167; 1&#186;</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">Actions which may affect third parties shall be signed by two executive officers, jointly, or by one executive officer and one attorney-in-fact, or by two attorneys-in-fact, with specific powers</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">.</font></p>
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<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">&#167; 1&#186;</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">Actions which may affect third parties shall be signed by two executive officers, jointly, or by one executive officer and one attorney-in-fact, or by two attorneys-in-fact, with specific powers</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">.</font></p>
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">&nbsp;</font></p>














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<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">&#167; 1&#186;</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">Actions which may affect third parties shall be signed by two executive officers, jointly, or by one executive officer and one attorney-in-fact, or by two attorneys-in-fact, with specific powers.</font></p>
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<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">N/A</font></p>














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<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">&#167; 2&#186;</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">The Company, acting by two of its executive officers, may appoint attorneys-in-fact, specifying in the power of attorney the purpose thereof, the powers granted and the term of the power of attorney, which shall not exceed one year, unless the power of attorney is granted with ad judicia powers, in which case it may be valid for an indefinite term</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">.</font></p>
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<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">&#167; 2&#186;</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">The Company, acting by two of its executive officers, may appoint attorneys-in-fact, specifying in the power of attorney the purpose thereof, the powers granted and the term of the power of attorney, which shall not exceed one year, unless the power of attorney is granted with ad judicia powers, in which case it may be valid for an indefinite term</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">.</font></p>
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<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">&#167; 2&#186;</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">The Company, acting by two of its executive officers, may appoint attorneys-in-fact, specifying in the power of attorney the purpose thereof, the powers granted and the term of the power of attorney, which shall not exceed one year, unless the power of attorney is granted with ad judicia powers, in which case it may be valid for an indefinite term.</font></p>
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<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">N/A</font></p>














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<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">&#167; 3&#186;</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">The Board of Executive Officers may, in exceptional cases, authorize the Company to be represented by one sole executive officer or one sole attorney-in-fact appointed for such purpose, and shall specify the purpose and limit of the powers granted in the minutes of the meeting</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">.&nbsp; </font></p>
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<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">&#167; 3&#186;</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">The Board of Executive Officers may, in exceptional cases, authorize the Company to be represented by one sole executive officer or one sole attorney-in-fact appointed for such purpose, and shall specify the purpose and limit of the powers granted in the minutes of the meeting</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">.&nbsp; </font></p>
<p style="margin: 0pt; orphans: 0; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">&nbsp;</font></p>














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<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">&#167; 3&#186;</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">The Board of Executive Officers may, in exceptional cases, authorize the Company to be represented by one sole executive officer or one sole attorney-in-fact appointed for such purpose, and shall specify the purpose and limit of the powers granted in the minutes of the meeting.&nbsp; </font></p>
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<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">N/A</font></p>














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<p style="margin: 0pt; orphans: 0; text-align: center; widows: 0;"><font style="color: #ffffff; font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold; letter-spacing: 0.8pt;">Current version</font></p>














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<p style="margin: 0pt; orphans: 0; text-align: center; widows: 0;"><font style="color: #ffffff; font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold; letter-spacing: 0.8pt;">Proposed version</font></p>














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<p style="margin: 0pt; orphans: 0; text-align: center; widows: 0;"><font style="color: #ffffff; font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold; letter-spacing: 0.8pt;">Amended version</font></p>














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<p style="margin: 0pt; orphans: 0; text-align: center; widows: 0;"><font style="color: #ffffff; font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold; letter-spacing: 0.8pt;">Comments/Justifications on proposed changes</font></p>














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<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">Article</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;"> 33</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">.</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">The Chief Executive Officer shall:</font></p>
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;</font></p>
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">a)</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">direct, instruct and coordinate the activities of the </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">Company</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">;</font></p>
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;</font></p>
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">b)</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">call and preside over the meetings of the Board of Executive Officers; and</font></p>
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;</font></p>
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">c)</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">represent the Company in court, either as plaintiff or defendant.</font></p>
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">&nbsp;</font></p>














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<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">Article 33</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">.</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font> <font style="font-family: 'Century Gothic'; font-size: 9pt;">The Chief Executive Officer shall</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">:</font></p>
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;</font></p>
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">a)</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">direct, instruct and coordinate the activities of the </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">Company</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">;</font></p>
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;</font></p>
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">b)</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">call and preside over the meetings of the Board of Executive Officers; and</font></p>
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;</font></p>
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">c)</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">represent the Company in court, either as plaintiff or defendant</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">.</font></p>
<p style="margin: 0pt; orphans: 0; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">&nbsp;</font></p>














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<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">Article 33</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">.</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font style="font-family: 'Century Gothic'; font-size: 9pt;"> The Chief Executive Officer shall:</font></p>
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;</font></p>
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">a)</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">direct, instruct and coordinate the activities of the </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">Company;</font></p>
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;</font></p>
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">b)</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">call and preside over the meetings of the Board of Executive Officers; and</font></p>
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;</font></p>
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">c)</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">represent the Company in court, either as plaintiff or defendant.</font></p>
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<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">N/A</font></p>














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<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">Article</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;"> 34</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">. </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">The executive officer exercising the duties of Chief Financial and Investor Relations Officer shall provide information to investors, the CVM and the stock exchange or over-the-counter market on which the Company&#8217;s</font> <font style="font-family: 'Century Gothic'; font-size: 9pt;">securities are traded, as well as maintain the registration of the Company updated in conformity with the CVM&#8217;s applicable regulations and to meet the other requirements contained in such regulations, in addition to exercising the duties assigned to him/her by the Board of Directors.</font></p>














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<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">Article 34</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">. </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">The executive officer exercising the duties of Chief Financial and Investor Relations Officer shall provide information to investors, the CVM and the stock exchange or over-the-counter market on which the Company&#8217;s securities are traded, as well as maintain the registration of the Company updated in conformity with the CVM&#8217;s applicable regulations and to meet the other requirements contained in such regulations, in addition to exercising the duties assigned to him/her by the Board of Directors</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">.</font></p>
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<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">Article 34</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">. The executive officer exercising the duties of Chief Financial and Investor Relations Officer shall provide information to investors, the CVM and the stock exchange or over-the-counter market on which the Company&#8217;s securities are traded, as well as maintain the registration of the Company updated in conformity with the CVM&#8217;s applicable regulations and to meet the other requirements contained in such regulations, in addition to exercising the duties assigned to him/her by the Board of Directors.</font></p>
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<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">N/A</font></p>














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<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">Article 35</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">.</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font> <font style="font-family: 'Century Gothic'; font-size: 9pt;">The executive officers without a specific designation, in addition to their statutory duties, shall perform those activities which may be assigned to them by the Board of Directors</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">.</font></p>
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">&nbsp;</font></p>














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<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">Article</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;"> 35</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">.</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">The executive officers without a specific designation, in addition to their statutory duties, shall perform those activities which may be assigned to them by the Board of Directors</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">.</font></p>
<p style="margin: 0pt; orphans: 0; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">&nbsp;</font></p>














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<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">Article 35</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">.</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">The executive officers without a specific designation, in addition to their statutory duties, shall perform those activities which may be assigned to them by the Board of Directors.</font></p>
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">&nbsp;</font></p>














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<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">N/A</font></p>














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<p style="margin: 0pt; orphans: 0; text-align: center; widows: 0;"><font style="color: #ffffff; font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold; letter-spacing: 0.8pt;">Current version</font></p>














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<p style="margin: 0pt; orphans: 0; text-align: center; widows: 0;"><font style="color: #ffffff; font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold; letter-spacing: 0.8pt;">Comments/Justifications on proposed changes</font></p>














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<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">Article</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;"> 36</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">.</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">The executive officers shall substitute each other, subject to the following conditions</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">: </font></p>
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<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">Article</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;"> 36</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">.</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">The executive officers shall substitute each other, subject to the following conditions</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">: </font></p>
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<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">Article 36</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">.</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">The executive officers shall substitute each other, subject to the following conditions: </font></p>
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<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">N/A</font></p>














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<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">a)</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">in case of the occasional absence and unavailability of the Chief Executive Officer for a period of up to sixty (60) days, the Chairman of the Board of Directors shall nominate a substitute for him/her from among the members of the Board of Executive Officers, and the substitute executive officer shall temporarily exercise the duties of Chief Executive Officer until the latter returns to his/her office or the next following meeting of the Board of Directors, whichever occurs first; and</font></p>














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<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">a)</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">in case of the occasional absence and unavailability of the Chief Executive Officer for a period of up to 60 days, the Chairman of the Board of Directors shall nominate a substitute for him/her from among the members of the Board of Executive Officers, and the substitute executive officer shall temporarily exercise the duties of Chief Executive Officer until the latter returns to his/her office or the next following meeting of the Board of Directors, whichever occurs first; and</font></p>














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<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">a)</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">in case of the occasional absence and unavailability of the Chief Executive Officer for a period of up to </font><font style="color: #ff0000; font-family: 'Century Gothic'; font-size: 9pt; text-decoration: line-through;">sixty (</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">60</font><font style="color: #ff0000; font-family: 'Century Gothic'; font-size: 9pt; text-decoration: line-through;">)</font><font style="font-family: 'Century Gothic'; font-size: 9pt;"> days, the Chairman of the Board of Directors shall nominate a substitute for him/her from among the members of the Board of Executive Officers, and the substitute executive officer shall temporarily exercise the duties of Chief Executive Officer until the latter returns to his/her office or the next following meeting of the Board of Directors, whichever occurs first; and</font></p>














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<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">Wording adjustment</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">.</font></p>














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<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">b)</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">in case of vacancy in the office of an executive officer, he/she may be replaced, until the following meeting of the Board of Directors, by another executive officer appointed by the Chief Executive Officer</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">.</font></p>
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<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">b)</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">in case of vacancy in the office of an executive officer, he/she may be replaced, until the following meeting of the Board of Directors, by another executive officer appointed by the Chief Executive Officer</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">.</font></p>
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<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">b)</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">in case of vacancy in the office of an executive officer, he/she may be replaced, until the following meeting of the Board of Directors, by another executive officer appointed by the Chief Executive Officer.</font></p>
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<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">N/A</font></p>














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<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">CHAPTER VII</font></p>
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">Committees</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">Article</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;"> 37</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">.</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">The Company shall have the following support committees attached to the Board of Directors</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">:</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;</font></p>
<p style="margin: 0pt 0pt 0pt 36pt; text-indent: -18pt;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">(a)</font><font style="font: 7.0pt 'Times New Roman';">&nbsp;&nbsp;&nbsp; </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">Audit </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">and</font> <font style="font-family: 'Century Gothic'; font-size: 9pt;">Risks</font> <font style="font-family: 'Century Gothic'; font-size: 9pt;">Committee</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">; </font></p>
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;</font></p>
<p style="margin: 0pt 0pt 0pt 36pt; text-indent: -18pt;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">(b)</font><font style="font: 7.0pt 'Times New Roman';">&nbsp;&nbsp;&nbsp; </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">People Committee; and</font></p>
<p style="margin: 0pt 0pt 0pt 35.4pt;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;</font></p>
<p style="margin: 0pt 0pt 0pt 36pt;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;</font></p>
<p style="margin: 0pt 0pt 0pt 36pt; text-indent: -18pt;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">(c)</font><font style="font: 7.0pt 'Times New Roman';">&nbsp;&nbsp;&nbsp; </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">Strategy Committee</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">.</font></p>
<p style="margin: 0pt 0pt 0pt 35.4pt;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">&nbsp;</font></p>














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<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">CHAPTER VII</font></p>
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">Committees</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">Article 37</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">.</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">The Company shall have the following support committees attached to the Board of Directors</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">:</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;</font></p>
<p style="margin: 0pt 0pt 0pt 36pt; text-indent: -18pt;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">a)</font><font style="font: 7.0pt 'Times New Roman';">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">Audit and Risks </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">Committee</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">;</font> </p>
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;</font></p>
<p style="margin: 0pt 0pt 0pt 18pt;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">b)</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">People and Sustainability Committee; and</font></p>
<p style="margin: 0pt 0pt 0pt 18pt;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;</font></p>
<p style="margin: 0pt 0pt 0pt 18pt;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">c)&nbsp;&nbsp; </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">Investments Committee</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">.</font></p>
<p style="margin: 0pt 0pt 0pt 35.4pt;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">&nbsp;</font></p>
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<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">CHAPTER VII</font></p>
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">Committees</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">Article 37</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">.</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">The Company shall have the following support committees attached to the Board of Directors:</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;</font></p>
<p style="margin: 0pt 0pt 0pt 36pt; text-indent: -18pt;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">(a)</font><font style="font: 7.0pt 'Times New Roman';">&nbsp;&nbsp;&nbsp; </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">Audit </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">and</font> <font style="font-family: 'Century Gothic'; font-size: 9pt;">Risks</font> <font style="font-family: 'Century Gothic'; font-size: 9pt;">Committee</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">; </font></p>
<p style="margin: 0pt 0pt 0pt 36pt;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;</font></p>
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;</font></p>
<p style="margin: 0pt 0pt 0pt 36pt; text-indent: -18pt;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">(b)</font><font style="font: 7.0pt 'Times New Roman';">&nbsp;&nbsp;&nbsp; </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">People</font> <font style="color: #ff0000; font-family: 'Century Gothic'; font-size: 9pt;">and</font><font style="color: #ff0000; font-family: 'Century Gothic'; font-size: 9pt;"> Sustainability</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">; </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">and</font> </p>
<p style="margin: 0pt 0pt 0pt 35.4pt;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;</font></p>
<p style="margin: 0pt 0pt 0pt 36pt; text-indent: -18pt;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">(c)</font><font style="font: 7.0pt 'Times New Roman';">&nbsp;&nbsp;&nbsp; </font><font style="color: #ff0000; font-family: 'Century Gothic'; font-size: 9pt; text-decoration: line-through;">Strategy </font><font style="color: #ff0000; font-family: 'Century Gothic'; font-size: 9pt;">Investments </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">Committee</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">.</font></p>
<p style="margin: 0pt 0pt 0pt 35.4pt;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">&nbsp;</font></p>














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<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">Adjustments to reflect the new nomenclatures of the committees.</font></p>














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<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">&#167; 1&#186;</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">Each committee shall have its own internal bylaws, which shall require the approval of the Board of Directors, to govern matters associated with its working and define the role of its coordinator</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">. </font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;</font></p>














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<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">&#167; 1&#186;</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">Each committee shall have its own internal bylaws, which shall require the approval of the Board of Directors, to govern matters associated with its working and define the role of its coordinator</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">. </font></p>
<p style="margin: 0pt; orphans: 0; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">&nbsp;</font></p>














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<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">&#167; 1&#186;</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">Each committee shall have its own internal bylaws, which shall require the approval of the Board of Directors, to govern matters associated with its working and define the role of its coordinator. </font></p>
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;</font></p>














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<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">N/A</font></p>














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<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">&#167;2&#186; </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">The Board of Directors may establish additional committees for assisting it in the management of the Company, which may have specific purposes and may appoint their respective members</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">.</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;</font></p>














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<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">&#167;2&#186; </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">The Board of Directors may establish additional committees for assisting it in the management of the Company, which may have specific purposes and may appoint their respective members</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">.</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;</font></p>














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<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">&#167;2&#186; The Board of Directors may establish additional committees for assisting it in the management of the Company, which may have specific purposes and may appoint their respective members.</font></p>
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<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">N/A</font></p>














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<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">&#167; 3&#186;</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">The</font><font style="font-family: 'Century Gothic'; font-size: 9pt;"> same obligations and restrictions imposed by law, by these Bylaws and by the New Market Regulation on the directors and executive officers of the Company shall apply to the members of the Audit and Risks Committee, the People Committee, the Strategy Committee and other additional committees that may be established by the Board of Directors for assistance in the management of the Company</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">.</font></p>
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<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">&#167; 3&#186;</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">The</font><font style="font-family: 'Century Gothic'; font-size: 9pt;"> same obligations and restrictions imposed by law, by these Bylaws and by the New Market Regulation on the directors and executive officers of the Company shall apply to the members of the Audit and Risks Committee, the People and Sustainability Committee, the Investments Committee and other additional committees that may be established by the Board of Directors</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">.</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">&nbsp;</font></p>














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<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">&#167; 3&#186;</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">The</font><font style="font-family: 'Century Gothic'; font-size: 9pt;"> same obligations and restrictions imposed by law, by these Bylaws and by the New Market Regulation on the directors and executive officers of the Company shall apply to the members of the Audit and Risks Committee, the People </font><font style="color: #ff0000; font-family: 'Century Gothic'; font-size: 9pt;">and Sustainability</font><font style="font-family: 'Century Gothic'; font-size: 9pt;"> Committee, the </font><font style="color: #ff0000; font-family: 'Century Gothic'; font-size: 9pt; text-decoration: line-through;">Strategy</font> <font style="color: #ff0000; font-family: 'Century Gothic'; font-size: 9pt;">Investments</font><font style="font-family: 'Century Gothic'; font-size: 9pt;"> Committee and other additional committees that may be established by the Board of Directors</font> <font style="color: #ff0000; font-family: 'Century Gothic'; font-size: 9pt; text-decoration: line-through;">for assistance in the management of the Company</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">.</font></p>
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<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">Adjustments to reflect the new nomenclatures of the committees and wording improvements.</font></p>














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<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">Article</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;"> 38</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">.</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">Subject to the criteria set forth below, the Committees shall be comprised of at least three (3) members, all elected by the Board of Directors for a term of office of two (2) </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">years, and the term shall coincide with the term of office of the Directors</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">.</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">&nbsp;</font></p>














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<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">Article</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;"> 38</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">.</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">Subject to the criteria set forth below, the Committees shall be comprised of at least 3 members, all elected by the Board of Directors for a term of office of 2 years, and the term </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">shall coincide with the term of office of the Directors</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">.</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">&nbsp;</font></p>














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<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">Article</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;"> 38</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">.</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">Subject to the criteria set forth below, the Committees shall be comprised of at least </font><font style="color: #ff0000; font-family: 'Century Gothic'; font-size: 9pt; text-decoration: line-through;">three (</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">3</font><font style="color: #ff0000; font-family: 'Century Gothic'; font-size: 9pt; text-decoration: line-through;">)</font><font style="font-family: 'Century Gothic'; font-size: 9pt;"> members, all elected by the Board of Directors for a term of office of </font><font style="color: #ff0000; font-family: 'Century Gothic'; font-size: 9pt; text-decoration: line-through;">two (</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">2</font><font style="color: #ff0000; font-family: 'Century Gothic'; font-size: 9pt; text-decoration: line-through;">)</font> <font style="font-family: 'Century Gothic'; font-size: 9pt;">years, and the term shall coincide with the term of office of the Directors.</font></p>
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<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">Wording adjustments</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">.</font></p>














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<p style="margin: 0pt; orphans: 0; text-align: center; widows: 0;"><font style="color: #ffffff; font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold; letter-spacing: 0.8pt;">Current version</font></p>














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<p style="margin: 0pt; orphans: 0; text-align: center; widows: 0;"><font style="color: #ffffff; font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold; letter-spacing: 0.8pt;">Comments/Justifications on proposed changes</font></p>














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<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">&#167; 1&#186;</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">During their term of office, the members of each Committee may not be replaced except for the following reasons</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">:</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">a)</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">death or </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">resignation</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">b)</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">unjustified absence from three (3) consecutive meetings or six (6) alternate meetings per year; or</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">c)</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">a substantiated decision of the Board of Directors</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">.</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;</font></p>














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<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;</font></p>














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<p style="margin: 0pt; text-align: justify;"><font style="color: #ff0000; font-family: 'Century Gothic'; font-size: 9pt; text-decoration: line-through;">&#167; 1&#186;</font><font style="color: #ff0000; font-family: 'Century Gothic'; font-size: 9pt; text-decoration: line-through;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font style="color: #ff0000; font-family: 'Century Gothic'; font-size: 9pt; text-decoration: line-through;">During their term of office, the members of each Committee may not be replaced except for the following reasons:</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="color: #ff0000; font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="color: #ff0000; font-family: 'Century Gothic'; font-size: 9pt; text-decoration: line-through;">a)</font><font style="color: #ff0000; font-family: 'Century Gothic'; font-size: 9pt; text-decoration: line-through;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font style="color: #ff0000; font-family: 'Century Gothic'; font-size: 9pt; text-decoration: line-through;">death or </font><font style="color: #ff0000; font-family: 'Century Gothic'; font-size: 9pt; text-decoration: line-through;">resignation;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="color: #ff0000; font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="color: #ff0000; font-family: 'Century Gothic'; font-size: 9pt; text-decoration: line-through;">b)</font><font style="color: #ff0000; font-family: 'Century Gothic'; font-size: 9pt; text-decoration: line-through;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font style="color: #ff0000; font-family: 'Century Gothic'; font-size: 9pt; text-decoration: line-through;">unjustified absence from three (3) consecutive meetings or six (6) alternate meetings per year; or</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="color: #ff0000; font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="color: #ff0000; font-family: 'Century Gothic'; font-size: 9pt; text-decoration: line-through;">c)</font><font style="color: #ff0000; font-family: 'Century Gothic'; font-size: 9pt; text-decoration: line-through;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font style="color: #ff0000; font-family: 'Century Gothic'; font-size: 9pt; text-decoration: line-through;">a substantiated decision of the Board of Directors.</font></p>
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<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">Exclusion</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;to simplify the process of replacing members of the advisory committees.</font></p>














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<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">&#167; 2&#186;</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">In</font><font style="font-family: 'Century Gothic'; font-size: 9pt;"> the event of a vacancy in any member of the Committees, the Board of Directors shall elect a person to complete the term of office of the replaced member</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">.</font></p>














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<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">&#167; 1&#186;</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">In</font><font style="font-family: 'Century Gothic'; font-size: 9pt;"> the event of a vacancy in any member of the Committees, the Board of Directors shall elect a person to complete the term of office of the replaced member</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">.</font></p>














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<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">&#167; </font><font style="color: #ff0000; font-family: 'Century Gothic'; font-size: 9pt;">1</font><font style="color: #ff0000; font-family: 'Century Gothic'; font-size: 9pt; text-decoration: line-through;">2</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">&#186;</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">In</font><font style="font-family: 'Century Gothic'; font-size: 9pt;"> the event of a vacancy in any member of the Committees, the Board of Directors shall elect a person to complete the term of office of the replaced member.</font></p>














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<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">Numerical adjustment.</font></p>














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<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">&#167; 3&#186; </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">The</font><font style="font-family: 'Century Gothic'; font-size: 9pt;"> members of the Committees may be reappointed for successive terms, except for the members of the Audit and Risk Committee, who will exercise their positions for a maximum of 10 (ten) years</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">.</font></p>














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<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">&#167; 2&#186; </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">The</font><font style="font-family: 'Century Gothic'; font-size: 9pt;"> members of the Committees may be reappointed for successive terms, except for the members of the Audit and Risk Committee, who will exercise their positions for a maximum of 10 years</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">.</font></p>














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<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">&#167; </font><font style="color: #ff0000; font-family: 'Century Gothic'; font-size: 9pt;">2</font><font style="color: #ff0000; font-family: 'Century Gothic'; font-size: 9pt; text-decoration: line-through;">3</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">&#186; </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">The</font><font style="font-family: 'Century Gothic'; font-size: 9pt;"> members of the Committees may be reappointed for successive terms, except for the members of the Audit and Risk Committee, who will exercise their positions for a maximum of 10 </font><font style="color: #ff0000; font-family: 'Century Gothic'; font-size: 9pt; text-decoration: line-through;">(ten)</font> <font style="font-family: 'Century Gothic'; font-size: 9pt;">years.</font></p>














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<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">Numerical</font> <font style="font-family: 'Century Gothic'; font-size: 9pt;">and</font> <font style="font-family: 'Century Gothic'; font-size: 9pt;">wording</font> <font style="font-family: 'Century Gothic'; font-size: 9pt;">adjustments</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">.</font></p>
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;</font></p>
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;</font></p>
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;</font></p>
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<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">Section I &#8211; Audit and Risks Committee</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">Article</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;"> 39.</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">The Audit and Risks Committee shall be composed only by Directors, with the majority being independent, and include at least one (01) member with recognized experience in corporate accounting matters, as provided in the applicable regulations of the CVM</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">.</font></p>
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<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">Section I &#8211; Audit and Risks Committee</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">Article</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;"> 39.</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">The Audit and Risks Committee shall be composed only by Directors, with the majority being independent, and include at least 1 member with recognized experience in corporate accounting matters, as provided in the applicable regulations of the CVM</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">.</font></p>
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;</font></p>














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<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">Section I &#8211; Audit and Risks Committee</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">Article 39.</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">The Audit and Risks Committee shall be composed only by Directors, with the majority being independent, and include at least </font><font style="color: #ff0000; font-family: 'Century Gothic'; font-size: 9pt; text-decoration: line-through;">one (</font><font style="font-family: 'Century Gothic'; font-size: 9pt;"><font style="text-decoration: line-through; color: #ff0000;">0</font>1</font><font style="color: #ff0000; font-family: 'Century Gothic'; font-size: 9pt; text-decoration: line-through;">)</font><font style="font-family: 'Century Gothic'; font-size: 9pt;"> member with recognized experience in corporate accounting matters, as provided in the applicable regulations of the CVM</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">.</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">&nbsp;</font></p>














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<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">Wording adjustment</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">.</font></p>














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<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">&#167; 1&#186;</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">A single member of the Audit and Risks Committee may concentrate the foregoing requirements</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">.</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;</font></p>














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<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">&nbsp;</font></p>














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<p style="margin: 0pt; text-align: justify;"><font style="color: #ff0000; font-family: 'Century Gothic'; font-size: 9pt; text-decoration: line-through;">&#167; 1&#186;</font><font style="color: #ff0000; font-family: 'Century Gothic'; font-size: 9pt; text-decoration: line-through;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font style="color: #ff0000; font-family: 'Century Gothic'; font-size: 9pt; text-decoration: line-through;">A single member of the Audit and Risks Committee may concentrate the foregoing requirements.</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="color: #ff0000; font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;</font></p>














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<font style="font-size: 9.0pt; font-family: 'Century Gothic',sans-serif; mso-fareast-font-family: 'Times New Roman'; mso-bidi-font-family: 'Open Sans'; color: black; mso-themecolor: text1; mso-ansi-language: EN-US; mso-fareast-language: PT-BR; mso-bidi-language: AR-SA; mso-bidi-font-weight: bold;">Exclusion to simplify
the text</font>.</font></p>














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<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">&#167; 2&#186;</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">To</font><font style="font-family: 'Century Gothic'; font-size: 9pt;"> be characterized as an independent, the member of the Audit and Risk Committee must meet the requirements set forth in the applicable CVM regulation, as well as those set out in the New Market Regulation</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">.</font></p>














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<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">&#167; 1&#186;</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">To</font><font style="font-family: 'Century Gothic'; font-size: 9pt;"> be characterized as an independent, the member of the Audit and Risk Committee must meet the requirements set forth in the applicable CVM regulation, as well as those set out in the New Market Regulation</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">.</font></p>














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<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">&#167; </font><font style="color: #ff0000; font-family: 'Century Gothic'; font-size: 9pt; text-decoration: line-through;">2</font><font style="color: #ff0000; font-family: 'Century Gothic'; font-size: 9pt;">1</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">&#186;</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">To</font><font style="font-family: 'Century Gothic'; font-size: 9pt;"> be characterized as an independent, the member of the Audit and Risk Committee must meet the requirements set forth in the applicable CVM regulation, as well as those set out in the New Market Regulation.</font></p>














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<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">Numerical adjustment.</font></p>














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<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">&#167; 3&#186;</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">The</font><font style="font-family: 'Century Gothic'; font-size: 9pt;"> member of the Audit and Risks Committee who ceases to hold said position may only rejoin the Committee after at least 3 (three) years have elapsed since the end of the term of office</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">.</font></p>














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<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">&#167; 2&#186;</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">The</font><font style="font-family: 'Century Gothic'; font-size: 9pt;"> member of the Audit and Risks Committee who ceases to hold said position may only rejoin the Committee after at least 3 years have elapsed since the end of the term of office</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">.</font></p>














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<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">&#167; </font><font style="color: #ff0000; font-family: 'Century Gothic'; font-size: 9pt; text-decoration: line-through;">3</font><font style="color: #ff0000; font-family: 'Century Gothic'; font-size: 9pt;">2</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">&#186;</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">The</font><font style="font-family: 'Century Gothic'; font-size: 9pt;"> member of the Audit and Risks Committee who ceases to hold said position may only rejoin the Committee after at least 3 </font><font style="color: #ff0000; font-family: 'Century Gothic'; font-size: 9pt; text-decoration: line-through;">(three)</font> <font style="font-family: 'Century Gothic'; font-size: 9pt;">years have elapsed since the end of the term of office.</font></p>














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<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">Numerical and wording adjustments.</font></p>
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;</font></p>
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;</font></p>
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<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">&#167; 4&#186;</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">The Audit and Risks Committee shall</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">:</font></p>
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<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">&#167; 3&#186;</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">The Audit and Risks Committee shall</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">:</font></p>
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<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">&#167; </font><font style="color: #ff0000; font-family: 'Century Gothic'; font-size: 9pt; text-decoration: line-through;">4</font><font style="color: #ff0000; font-family: 'Century Gothic'; font-size: 9pt;">3</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">&#186;</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">The Audit and Risks Committee shall:</font></p>
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<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">Numerical adjustment.</font></p>














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<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">a) </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">recommend to the Board of Directors the retention and dismissal of independent audit services, as well as propose to the Board of Directors the nomination of the independent auditors and their </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">replacement</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">b) </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">review the Management Report and the financial statements of the Company and of its controlled companies, and provide the recommendations it deems necessary to the Board of </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">Directors</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">c) </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">review the quarterly financial information, interim statements, and financial statements prepared by the </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">Company</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;</font></p>














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<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">a) </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">recommend to the Board of Directors the retention and dismissal of independent audit services, as well as propose to the Board of Directors the nomination of the independent auditors and their </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">replacement</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">b) </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">review the Management Report and the financial statements of the Company and of its controlled companies, and provide the recommendations it deems necessary to the Board of </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">Directors</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">c) </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">review the quarterly financial information, interim statements, and financial statements prepared by the </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">Company</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;</font></p>














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<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">a) recommend to the Board of Directors the retention and dismissal of independent audit services, as well as propose to the Board of Directors the nomination of the independent auditors and their </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">replacement;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">b) review the Management Report and the financial statements of the Company and of its controlled companies, and provide the recommendations it deems necessary to the Board of </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">Directors;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">c) review the quarterly financial information, interim statements, and financial statements prepared by the </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">Company;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;</font></p>














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<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">Adjustment to reflect the adopted nomenclature for the Conflict of Interest and Related Party Transactions Corporate Policy.</font></p>














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<p style="margin: 0pt; orphans: 0; text-align: center; widows: 0;"><font style="color: #ffffff; font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold; letter-spacing: 0.8pt;">Current version</font></p>














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<p style="margin: 0pt; orphans: 0; text-align: center; widows: 0;"><font style="color: #ffffff; font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold; letter-spacing: 0.8pt;">Proposed version</font></p>














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<p style="margin: 0pt; orphans: 0; text-align: center; widows: 0;"><font style="color: #ffffff; font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold; letter-spacing: 0.8pt;">Amended version</font></p>














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<p style="margin: 0pt; orphans: 0; text-align: center; widows: 0;"><font style="color: #ffffff; font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold; letter-spacing: 0.8pt;">Comments/Justifications on proposed changes</font></p>














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<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">d) </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">monitor the activities of the Company&#8217;s internal audit and internal </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">controls departments, including follow up and assessment of the effectiveness and sufficiency of the internal control structure and of the internal and independent audit processes of the Company and of its controlled companies, including in relation to the provisions set forth in the Sarbanes-Oxley Act, submitting the recommendations it deems necessary for the improvement of policies, practices and </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">procedures</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;</font></p>
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">e) </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">evaluate and monitor the Company&#8217;s risk exposure, as per the Risk Management Policy, as well as to provide its opinion on any review of the contents thereof, in addition to advising the Board of Directors in connection with the setting of acceptable risk </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">levels</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">f) </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">review, monitor and recommend to management any corrections or improvements to be made to the Company&#8217;s corporate policies, including the Policy on Transactions with Related </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">Parties</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">;</font> </p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;</font></p>
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">g) </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">establish procedures for the acceptance and handling of information submitted by any party relating to alleged noncompliance with applicable legal and regulatory requirements applicable to the Company, in addition to internal regulations, policies and codes, including procedures for confidential or anonymous submission, safeguarding information </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">secrecy</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">;</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp; </font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;</font></p>














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<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">d) </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">monitor the activities of the Company&#8217;s internal audit and internal </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">controls departments, including follow up and assessment of the effectiveness and sufficiency of the internal control structure and of the internal and independent audit processes of the Company and of its controlled companies, including in relation to the provisions set forth in the Sarbanes-Oxley Act, submitting the recommendations it deems necessary for the improvement of policies, practices and </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">procedures</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;</font></p>
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">e) </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">evaluate and monitor the Company&#8217;s risk exposure, as per the Risk Management Policy, as well as to provide its opinion on any review of the contents thereof, in addition to advising the Board of Directors in connection with the setting of acceptable risk </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">levels</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">f) </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">review, monitor and recommend to management any corrections or improvements to be made to the Company&#8217;s corporate policies, including the Conflict of Interest and Related Party Transactions Corporate </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">Policy</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">;</font> </p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;</font></p>
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">g) </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">establish procedures for the acceptance and handling of information submitted by any party relating to alleged noncompliance with applicable legal and regulatory requirements applicable to the Company, in addition to internal regulations, policies and codes, including procedures for confidential or anonymous submission, safeguarding information </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">secrecy</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">;</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp; </font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;</font></p>
<p style="margin: 0pt; orphans: 0; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">&nbsp;</font></p>














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<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">d) monitor the activities of the Company&#8217;s internal audit and internal </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">controls departments, including follow up and assessment of the effectiveness and sufficiency of the internal control structure and of the internal and independent audit processes of the Company and of its controlled companies, including in relation to the provisions set forth in the Sarbanes-Oxley Act, submitting the recommendations it deems necessary for the improvement of policies, practices and </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">procedures;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;</font></p>
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">e) </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">evaluate and monitor the Company&#8217;s risk exposure, as per the Risk Management Policy, as well as to provide its opinion on any review of the contents thereof, in addition to advising the Board of Directors in connection with the setting of acceptable risk </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">levels;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">f) review, monitor and recommend to management any corrections or improvements to be made to the Company&#8217;s corporate policies, including the </font><font style="color: #ff0000; font-family: 'Century Gothic'; font-size: 9pt;">Conflict of Interest and Related Party Transactions Corporate Policy</font> <font style="color: #ff0000; font-family: 'Century Gothic'; font-size: 9pt; text-decoration: line-through;">Policy</font><font style="color: #ff0000; font-family: 'Century Gothic'; font-size: 9pt; text-decoration: line-through;"> on Transactions with Related </font><font style="color: #ff0000; font-family: 'Century Gothic'; font-size: 9pt; text-decoration: line-through;">Parties</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">;</font> </p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;</font></p>
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">g) establish procedures for the acceptance and handling of information submitted by any party relating to alleged noncompliance with applicable legal and regulatory requirements applicable to the Company, in addition to internal regulations, policies and codes, including procedures for confidential or anonymous submission, safeguarding information </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">secrecy;</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp; </font></p>
<p style="margin: 0pt; text-align: justify;"><br></p>














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<p style="margin: 0pt; orphans: 0; text-align: center; widows: 0;"><font style="color: #ffffff; font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold; letter-spacing: 0.8pt;">Current version</font></p>














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<p style="margin: 0pt; orphans: 0; text-align: center; widows: 0;"><font style="color: #ffffff; font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold; letter-spacing: 0.8pt;">Comments/Justifications on proposed changes</font></p>














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<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">h) </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">interact with the other Company&#8217;s </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">governing bodies in connection with the receipt and review of information on noncompliance with legal and regulatory requirements applicable to the Company, as well as with internal regulations, </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">policies</font><font style="font-family: 'Century Gothic'; font-size: 9pt;"> and code; and</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">i</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">) </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">provide its opinion on the matters submitted to it by the Board of Directors, as well as on those matters it determines to be relevant</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">.</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;</font></p>














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<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">h) </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">interact with the other Company&#8217;s governing bodies in connection with the receipt and review of information on noncompliance with legal and regulatory requirements applicable to the Company, as well as with internal regulations, </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">policies</font><font style="font-family: 'Century Gothic'; font-size: 9pt;"> and code; and</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">i</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">) </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">provide its opinion on the matters submitted to it by the Board of Directors, as well as on those matters it determines to be relevant</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">.</font></p>
<p style="margin: 0pt; orphans: 0; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">&nbsp;</font></p>














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<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">h) interact with the other Company&#8217;s governing bodies in connection with the receipt and review of information on noncompliance with legal and regulatory requirements applicable to the Company, as well as with internal regulations, </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">policies</font><font style="font-family: 'Century Gothic'; font-size: 9pt;"> and code; and</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">i</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">) provide its opinion on the matters submitted to it by the Board of Directors, as well as on those matters it determines to be relevant</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">.</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;</font></p>














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<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><br></p>














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<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">Section II &#8211; People Committee</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">Article 40.</font> <font style="font-family: 'Century Gothic'; font-size: 9pt;">The People Committee shall have a majority of Director in its composition, with a minimum of two (2) independent Directors</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">. </font></p>
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;</font></p>














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<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">Se</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">ction II &#8211; People and Sustainability Committee</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">Article 40.</font> <font style="font-family: 'Century Gothic'; font-size: 9pt;">The People and Sustainability Committee shall have a majority of Director in its composition, with a minimum of 2 independent Directors</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">. </font></p>
<p style="margin: 0pt; orphans: 0; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">&nbsp;</font></p>














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<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">Section II &#8211; People<font style="color: #ff0000;"> and Sustainability </font>Committee</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">Article 40.</font> <font style="font-family: 'Century Gothic'; font-size: 9pt;">The People<font style="color: rgb(255, 0, 0);"> and Sustainability</font> Committee shall have a majority of Director in its composition, with a minimum of </font><font style="color: #ff0000; font-family: 'Century Gothic'; font-size: 9pt; text-decoration: line-through;">two (</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">2</font><font style="color: #ff0000; font-family: 'Century Gothic'; font-size: 9pt; text-decoration: line-through;">)</font><font style="font-family: 'Century Gothic'; font-size: 9pt;"> independent Directors. </font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;</font></p>














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<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">Adjustments to reflect the new committee nomenclature and wording improvement.</font></p>
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;</font></p>
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;</font></p>
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;</font></p>
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;</font></p>














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<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">Sole Paragraph. The People Committee shall:</font></p>
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;</font></p>
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">a) </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">propose to the Board of Directors the compensation to be paid to the directors and executive officers and senior employees of the Company and its controlled companies, to the members of the committees and of other governing bodies assisting the Board of Directors, pursuant to the proposal received from the Chief Executive Officer, and periodically revise the parameters and guidelines and, as a result, the compensation policy and other benefits of the Company and its controlled </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">companies</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">;</font></p>
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;</font></p>














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<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">Sole Paragraph.</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font> <font style="font-family: 'Century Gothic'; font-size: 9pt;">The People and Sustainability Committee shall</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">:</font></p>
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;</font></p>
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">a) </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">propose to the Board of Directors the compensation to be paid to the directors and executive officers and senior employees of the Company and its controlled companies, to the members of the committees and of other governing bodies assisting the Board of Directors, pursuant to the proposal received from the Chief Executive Officer, and periodically revise the parameters and guidelines and, as a result, the Compensation Policy and other benefits of the Company</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">;</font></p>
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;</font></p>














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<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">Sole Paragraph.</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font style="font-family: 'Century Gothic'; font-size: 9pt;"> The People</font><font style="color: #ff0000; font-family: 'Century Gothic'; font-size: 9pt;"> and Sustainability </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">Committee shall:</font></p>
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;</font></p>
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">a) </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">propose</font><font style="font-family: 'Century Gothic'; font-size: 9pt;"> to the Board of Directors the compensation to be paid to the directors and executive officers and senior employees of the Company and its controlled companies, to the members of the committees and of other governing bodies assisting the Board of Directors, pursuant to the proposal received from the Chief Executive Officer, and periodically revise the parameters and guidelines and, as a result, the </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">C</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">ompensation </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">P</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">olicy and other benefits of the Company </font><font style="color: #ff0000; font-family: 'Century Gothic'; font-size: 9pt; text-decoration: line-through;">and its controlled </font><font style="color: #ff0000; font-family: 'Century Gothic'; font-size: 9pt; text-decoration: line-through;">companies</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">;</font></p>
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;</font></p>














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<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">Adjustments to (</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">i</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">) reflect the new </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">C</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">ommittee nomenclature and its responsibilities; (ii) allow the </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">C</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">ommittee to focus on Company-related aspects; and (iii) include a new </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">C</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">ommittee assignment related to monitoring sustainability issues and compliance with the proposed actions and goals.</font></p>














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<p style="margin: 0pt; orphans: 0; text-align: center; widows: 0;"><font style="color: #ffffff; font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold; letter-spacing: 0.8pt;">Current version</font></p>














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<p style="margin: 0pt; orphans: 0; text-align: center; widows: 0;"><font style="color: #ffffff; font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold; letter-spacing: 0.8pt;">Proposed version</font></p>














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<p style="margin: 0pt; orphans: 0; text-align: center; widows: 0;"><font style="color: #ffffff; font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold; letter-spacing: 0.8pt;">Amended version</font></p>














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<p style="margin: 0pt; orphans: 0; text-align: center; widows: 0;"><font style="color: #ffffff; font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold; letter-spacing: 0.8pt;">Comments/Justifications on proposed changes</font></p>














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<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">b) </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">propose to the Board of Directors, pursuant to the proposal received from the Chief Executive Officer, the overall compensation of the directors and executive officers of the Company, which shall be submitted to the Shareholders&#8217; Meeting, and propose the individual compensation of the Board of Executive </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">Officers</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">;</font> </p>
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;</font></p>
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">c) </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">ensure that the Company prepares itself adequately for the succession of its directors, executive </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">officers</font><font style="font-family: 'Century Gothic'; font-size: 9pt;"> and other key employees, particularly the Chief Executive Officer and the principal executive officers; and</font></p>
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;</font></p>
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">d) </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">carry out diligence and supervise the steps taken to ensure that the Company adopts a model of competence and leadership, attraction, </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">retention</font><font style="font-family: 'Century Gothic'; font-size: 9pt;"> and motivation in line with its strategic plans</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">.</font></p>
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;</font></p>














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<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">b) </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">propose to the Board of Directors, pursuant to the proposal received from the Chief Executive Officer, the overall compensation of the directors and executive officers of the Company, which shall be submitted to the Shareholders&#8217; Meeting, and propose the individual compensation of the Board of Executive </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">Officers</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">;</font> </p>
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;</font></p>
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">c) </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">ensure that the Company prepares itself adequately for the succession of its directors, executive officers and other key employees, particularly the Chief Executive Officer and the principal executive </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">officers</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">;</font></p>
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;</font></p>
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">d)















<font style="font-size: 9.0pt; font-family: 'Century Gothic',sans-serif; mso-fareast-font-family: 'Times New Roman'; mso-bidi-font-family: 'Open Sans'; color: black; mso-themecolor: text1; mso-ansi-language: EN-US; mso-fareast-language: PT-BR; mso-bidi-language: AR-SA;">carry out diligence and supervise the steps
taken to ensure that the Company adopts a model of competence and leadership,
attraction, retention and motivation in line with its strategic plans</font></font><font style="font-family: 'Century Gothic'; font-size: 9pt;">; and</font></p>
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;</font></p>
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">e) </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">carry out diligence and supervise the steps and goals proposed by the management related to the sustainability of operations and the development of its material themes, as well as monitoring their compliance</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">.</font></p>
<p style="margin: 0pt; orphans: 0; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">&nbsp;</font></p>














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<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">b) </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">propose to the Board of Directors, pursuant</font><font style="font-family: 'Century Gothic'; font-size: 9pt;"> to the proposal received from the Chief Executive Officer, the overall compensation of the directors and executive officers of the Company, which shall be submitted to the Shareholders&#8217; Meeting, and propose the individual compensation of the Board of Executive </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">Officers;</font></p>
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;</font></p>
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">c) ensure that the Company prepares itself adequately for the succession of its directors, executive </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">officers</font><font style="font-family: 'Century Gothic'; font-size: 9pt;"> and other key employees, particularly the Chief Executive Officer and the principal executive office</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">rs;</font> <font style="color: #ff0000; font-family: 'Century Gothic'; font-size: 9pt; text-decoration: line-through;">and</font></p>
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;</font></p>
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">d)















<font style="font-size: 9.0pt; font-family: 'Century Gothic',sans-serif; mso-fareast-font-family: 'Times New Roman'; mso-bidi-font-family: 'Open Sans'; color: black; mso-themecolor: text1; mso-ansi-language: EN-US; mso-fareast-language: PT-BR; mso-bidi-language: AR-SA;">carry out diligence and supervise the steps
taken to ensure that the Company adopts a model of competence and leadership,
attraction, retention and motivation in line with its strategic plans</font></font><font style="font-family: 'Century Gothic'; font-size: 9pt;">; </font><font style="color: #ff0000; font-family: 'Century Gothic'; font-size: 9pt;">and</font></p>
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;</font></p>
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="color: #ff0000; font-family: 'Century Gothic'; font-size: 9pt;">e) </font><font style="color: #ff0000; font-family: 'Century Gothic'; font-size: 9pt;">carry out diligence and supervise the steps and goals proposed by the management related to the sustainability of operations and the development of its material themes, as well as monitoring their compliance.</font></p>
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;</font></p>














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<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">Section III &#8211; </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">Strategy</font><font style="font-family: 'Century Gothic'; font-size: 9pt;"> Committee </font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">Article 41.</font> <font style="font-family: 'Century Gothic'; font-size: 9pt;">The Strategy Committee shall be comprised entirely of Directors and its duties shall be as follows</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">.</font></p>
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;</font></p>














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<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">Section III &#8211; Investments Committee</font> </p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">Article 41.</font> <font style="font-family: 'Century Gothic'; font-size: 9pt;">The Investments Committee shall be comprised entirely of Directors and its duties shall be as follows</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">.</font></p>
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;</font></p>














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<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">Section III &#8211; </font><font style="color: #ff0000; font-family: 'Century Gothic'; font-size: 9pt; text-decoration: line-through;">Strategy</font> <font style="color: #ff0000; font-family: 'Century Gothic'; font-size: 9pt;">Investments </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">Committee </font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">Article 41.</font><font style="font-family: 'Century Gothic'; font-size: 9pt;"> The </font><font style="color: #ff0000; font-family: 'Century Gothic'; font-size: 9pt; text-decoration: line-through;">Strategy </font><font style="color: #ff0000; font-family: 'Century Gothic'; font-size: 9pt;">Investments </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">Committee shall be comprised entirely of Directors and its duties shall be as follows.</font></p>
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;</font></p>














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<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">Adjustments to reflect the new nomenclature of the Committee.</font></p>














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<p style="margin: 0pt; orphans: 0; text-align: center; widows: 0;"><font style="color: #ffffff; font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold; letter-spacing: 0.8pt;">Current version</font></p>














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<p style="margin: 0pt; orphans: 0; text-align: center; widows: 0;"><font style="color: #ffffff; font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold; letter-spacing: 0.8pt;">Proposed version</font></p>














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<p style="margin: 0pt; orphans: 0; text-align: center; widows: 0;"><font style="color: #ffffff; font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold; letter-spacing: 0.8pt;">Amended version</font></p>














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<p style="margin: 0pt; orphans: 0; text-align: center; widows: 0;"><font style="color: #ffffff; font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold; letter-spacing: 0.8pt;">Comments/Justifications on proposed changes</font></p>














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<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">Sole Paragraph. The Strategy Committee shall be responsible for advising the Board of Directors and its duties shall be as follows</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">:</font></p>














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<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">Sole Paragraph. The Investments Committee shall be responsible for the following duties</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">:</font></p>














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<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">Sole Paragraph. The </font><font style="color: rgb(255, 0, 0); font-family: &quot;Century Gothic&quot;; font-size: 9pt;">Strategy </font><font style="color: #ff0000; font-family: 'Century Gothic'; font-size: 9pt;">Investments </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">Committee shall be responsible <font style="color: rgb(0, 0, 0);">for</font> advising the Board of Directors and </font><font style="color: rgb(255, 0, 0); font-family: &quot;Century Gothic&quot;; font-size: 9pt;">its</font><font style="color: #ff0000; font-family: 'Century Gothic'; font-size: 9pt;"> the following </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">duties <font style="text-decoration: line-through;"><font><font style="color: rgb(255, 0, 0); font-family: &quot;Century Gothic&quot;; font-size: 12px; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; float: none; display: inline !important; text-decoration: line-through;">shall be as follows</font></font></font>:</font></p>














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<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">Adjustments to reflect the new nomenclature of the Committee and wording improvement.</font></p>














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<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">(a) </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">drafting and monitoring the Company&#8217;s strategic plans and </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">budgets</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">(b) </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">to provide its opinion on, and monitor, the Company&#8217;s strategic partnerships and main investments, as provided in the Investment Policy; and</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">(c) </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">to provide its opinion on the capital allocation strategy and on the management of the Company&#8217;s portfolio, including mergers and acquisitions.</font> </p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;</font></p>














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<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">(a) </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">to evaluate and recommend the Company&#8217;s relevant investments, acquisitions or divestments as provided in the policies adopted by the Company; and</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;</font></p>
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">(b) </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">to monitor the capital allocation strategy and the portfolio management of the Company as defined by the Board of Directors, including mergers and operations</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">. </font></p>














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<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">(a) </font><font style="color: #ff0000; font-family: 'Century Gothic'; font-size: 9pt; text-decoration: line-through;">drafting and monitoring the Company&#8217;s strategic plans and budgets</font> <font style="color: #ff0000; font-family: 'Century Gothic'; font-size: 9pt;">to evaluate and recommend the Company&#8217;s relevant investments, acquisitions or divestments as provided in the policies adopted by the Company</font><font style="color: #ff0000; font-family: 'Century Gothic'; font-size: 9pt;">; and</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="color: #ff0000; font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">(b) </font><font style="color: #ff0000; font-family: 'Century Gothic'; font-size: 9pt; text-decoration: line-through;">to provide its opinion on, and monitor, the Company&#8217;s strategic partnerships and main investments, as provided in the Investment Policy; and</font> <font style="color: #ff0000; font-family: 'Century Gothic'; font-size: 9pt;">to monitor the capital allocation strategy and the portfolio management of the Company as defined by the Board of Directors, including mergers and operations</font><font style="color: #ff0000; font-family: 'Century Gothic'; font-size: 9pt;">.</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="color: #ff0000; font-family: 'Century Gothic'; font-size: 9pt; text-decoration: line-through;">(c) to provide its opinion on the capital allocation strategy and on the management of the Company&#8217;s portfolio, including mergers and acquisitions.</font> </p>
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;</font></p>














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<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">Adjustment to align the Committee's role in evaluating significant investments and merger and acquisition operations, as well as in the Company's capital allocation strategy.</font></p>














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<p style="margin: 0pt; page-break-after: avoid; text-align: center;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">CHAPTER VIII</font></p>
<p style="margin: 0pt; page-break-after: avoid; text-align: center;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">Fiscal Council</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">Article 42</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">.</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">The Company&#8217;s Fiscal Council shall be non-permanent and, when installed by the Shareholders&#8217; Meeting as provided in Law 6,404/76, shall be comprised of three (3) members and an equal number of alternate members, with such duties, powers and compensation as provided for by law. The Fiscal Council shall have a term of office of one (1) year, with reelection being permitted.</font></p>
<p style="margin: 0pt; page-break-after: avoid; text-align: center;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">&nbsp;</font></p>














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<p style="margin: 0pt; page-break-after: avoid; text-align: center;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">CHAPTER VIII</font></p>
<p style="margin: 0pt; page-break-after: avoid; text-align: center;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">Fiscal Council</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">Article 42</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">.</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">The Company&#8217;s Fiscal Council shall be non-permanent and, when installed by the Shareholders&#8217; Meeting as provided in Brazilian Federal Law 6,404/76, shall be comprised of 3 members and an equal number of alternate members, with such duties, powers and compensation as provided for by law.&nbsp; The Fiscal Council shall have a term of office of 1 year, with reelection being permitted</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">.</font></p>
<p style="margin: 0pt; orphans: 0; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">&nbsp;</font></p>














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<p style="margin: 0pt; page-break-after: avoid; text-align: center;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">CHAPTER VIII</font></p>
<p style="margin: 0pt; page-break-after: avoid; text-align: center;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">Fiscal Council</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">Article 42</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">.</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">The Company&#8217;s Fiscal Council shall be non-permanent and, when installed by the Shareholders&#8217; Meeting as provided in&nbsp;<font style="color: rgb(255, 0, 0); font-family: &quot;Century Gothic&quot;; font-size: 12px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Brazilian Federal&nbsp;</font>Law 6,404/76, shall be comprised of </font><font style="color: #ff0000; font-family: 'Century Gothic'; font-size: 9pt; text-decoration: line-through;">three (</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">3</font><font style="color: #ff0000; font-family: 'Century Gothic'; font-size: 9pt; text-decoration: line-through;">)</font><font style="font-family: 'Century Gothic'; font-size: 9pt;"> members and an equal number of alternate members, with such duties, powers and compensation as provided for by law. The Fiscal Council shall have a term of office of </font><font style="color: #ff0000; font-family: 'Century Gothic'; font-size: 9pt; text-decoration: line-through;">one (</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">1</font><font style="color: #ff0000; font-family: 'Century Gothic'; font-size: 9pt; text-decoration: line-through;">)</font><font style="font-family: 'Century Gothic'; font-size: 9pt;"> year, with reelection being permitted.</font></p>
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<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">Wording adjustments</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">.</font></p>














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<p style="margin: 0pt; orphans: 0; text-align: center; widows: 0;"><font style="color: #ffffff; font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold; letter-spacing: 0.8pt;">Current version</font></p>














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<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">&#167; 1&#186; </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">Once the Fiscal Council has been installed, the commencement of the term of its full and alternate members shall be conditioned on the execution of the respective indeed of investiture, which shall cover their consent to the contents of Article 51 hereof</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">. </font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;</font></p>














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<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">&#167; 1&#186; </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">Once the Fiscal Council has been installed, the commencement of the term of its full and alternate members shall be conditioned on the execution of the respective indeed of investiture, which shall cover their consent to the contents of Article 51 hereof</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">. </font></p>
<p style="margin: 0pt; orphans: 0; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">&nbsp;</font></p>














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<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">&#167; 1&#186; Once the Fiscal Council has been installed, the commencement of the term of its full and alternate members shall be conditioned on the execution of the respective indeed of investiture, which shall cover their consent to the contents of Article 51 hereof. </font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;</font></p>














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<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">N/A</font></p>














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<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">&#167; 2&#186;</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">The Fiscal Council shall hold regular meetings once every quarter, and extraordinary </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">meetings</font><font style="font-family: 'Century Gothic'; font-size: 9pt;"> whenever necessary, and shall keep minutes of such meetings in the Company&#8217;s records</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">.</font></p>
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;</font></p>














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<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">&#167; 2&#186;</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">The Fiscal Council shall hold regular meetings once every quarter, and extraordinary </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">meetings</font><font style="font-family: 'Century Gothic'; font-size: 9pt;"> whenever necessary, and shall keep minutes of such meetings in the Company&#8217;s records</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">.</font></p>
<p style="margin: 0pt; orphans: 0; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">&nbsp;</font></p>














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<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">&#167; 2&#186;</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">The Fiscal Council shall hold regular meetings once every quarter, and extraordinary </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">meetings</font><font style="font-family: 'Century Gothic'; font-size: 9pt;"> whenever necessary, and shall keep minutes of such meetings in the Company&#8217;s records.</font></p>
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<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">N/A</font></p>














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<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">&#167; 3&#186;</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">The</font><font style="font-family: 'Century Gothic'; font-size: 9pt;"> same obligations and restrictions imposed by law, these Bylaws and the New Market Regulation on the directors and executive officers of the Company shall apply to the members of the Fiscal Council</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">.</font></p>
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<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">&#167; 3&#186;</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">The</font><font style="font-family: 'Century Gothic'; font-size: 9pt;"> same obligations and restrictions imposed by law, these Bylaws and the New Market Regulation on the directors and executive officers of the Company shall apply to the members of the Fiscal Council</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">.</font></p>
<p style="margin: 0pt; orphans: 0; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">&nbsp;</font></p>














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<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">&#167; 3&#186;</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">The</font><font style="font-family: 'Century Gothic'; font-size: 9pt;"> same obligations and restrictions imposed by law, these Bylaws and the New Market Regulation on the directors and executive officers of the Company shall apply to the members of the Fiscal Council.</font></p>
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<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">N/A</font></p>














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<p style="margin: 0pt; page-break-after: avoid; text-align: center;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">CHAPTER IX</font></p>
<p style="margin: 0pt; page-break-after: avoid; text-align: center;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">Tender Offers</font></p>
<p style="margin: 0pt; page-break-after: avoid; text-align: center;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;</font></p>
<p style="margin: 0pt; page-break-after: avoid; text-align: center;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">Section I &#8211; Sale of a Controlling Interest</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">&nbsp;</font></p>
<p style="margin: 0pt; page-break-after: avoid; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">Article 43</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">.</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">A direct or indirect sale of the controlling interest in the Company, either in a single transaction, or in a series of successive transactions, shall be conditioned upon the buyer making a tender offer for shares issued by the Company held by the remaining shareholders, subject to the conditions and terms set forth under the applicable laws and regulations and in the New Market Regulation, in order to provide shareholders equal treatment to that afforded to the seller.</font></p>














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<p style="margin: 0pt; page-break-after: avoid; text-align: center;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">CHAPTER IX</font></p>
<p style="margin: 0pt; page-break-after: avoid; text-align: center;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">Tender </font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">Offers</font></p>
<p style="margin: 0pt; page-break-after: avoid; text-align: center;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;</font></p>
<p style="margin: 0pt; page-break-after: avoid; text-align: center;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">Section I &#8211; Sale of a Controlling Interest</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">&nbsp;</font></p>
<p style="margin: 0pt; page-break-after: avoid; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">Article 43</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">.</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">A direct or indirect sale of the controlling interest in the Company, either in a single transaction, or in a series of successive transactions, shall be conditioned upon the buyer making a tender offer for shares issued by the Company held by the remaining shareholders, subject to the conditions and terms set forth under the applicable laws and regulations and in the New Market Regulation, in order to provide shareholders equal treatment to that afforded to the seller</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">.</font></p>














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<p style="margin: 0pt; page-break-after: avoid; text-align: center;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">CHAPTER IX</font></p>
<p style="margin: 0pt; page-break-after: avoid; text-align: center;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">Tender Offers</font></p>
<p style="margin: 0pt; page-break-after: avoid; text-align: center;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;</font></p>
<p style="margin: 0pt; page-break-after: avoid; text-align: center;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">Section I &#8211; Sale of a Controlling Interest</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">&nbsp;</font></p>
<p style="margin: 0pt; page-break-after: avoid; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">Article 43</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">.</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">A direct or indirect sale of the controlling interest in the Company, either in a single transaction, or in a series of successive transactions, shall be conditioned upon the buyer making a tender offer for shares issued by the Company held by the remaining shareholders, subject to the conditions and terms set forth under the applicable laws and regulations and in the New Market Regulation, in order to provide shareholders equal treatment to that afforded to the seller.</font></p>














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<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">N/A</font></p>














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<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">Sole Paragraph. The buyer of a controlling interest shall, after the financial settlement of the foregoing tender offer, take the appropriate actions to, over the course of the subsequent eighteen (18) months, restore the minimum percentage of outstanding shares as per the New Market Regulation.</font></p>














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<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">Sole Paragraph.</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">The buyer of a controlling interest shall, after the financial settlement of the foregoing tender offer, take the appropriate actions to, over the course of the subsequent 18 months, restore the minimum percentage of outstanding shares as per the New Market Regulation</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">. </font></p>
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<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">Sole Paragraph. The buyer of a controlling interest shall, after the financial settlement of the foregoing tender offer, take the appropriate actions to, over the course of the subsequent </font><font style="color: #ff0000; font-family: 'Century Gothic'; font-size: 9pt; text-decoration: line-through;">eighteen (</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">18</font><font style="color: #ff0000; font-family: 'Century Gothic'; font-size: 9pt; text-decoration: line-through;">)</font><font style="font-family: 'Century Gothic'; font-size: 9pt;"> months, restore the minimum percentage of outstanding shares as per the New Market Regulation.</font></p>














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<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">Wording adjustment</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">.</font></p>














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<p style="margin: 0pt; orphans: 0; text-align: center; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">Section II &#8211; </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">Acquisition of Relevant Interest</font></p>
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">&nbsp;</font></p>
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">Article 44</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">.</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">Any person, regardless of whether he/she is a shareholder, which, on his/her own account or through Joint Action with another person (&#8220;Purchaser of a Relevant Interest&#8221;), acquires or becomes the holder of Company shares, through a single transaction or a series of successive transactions, representing </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">twenty percent (20%) or more of its capital stock (&#8220;Relevant Interest&#8221;), shall be required to make a tender offer for the acquisition of the shares held by the remaining shareholders at a price equal to the highest value per share paid by him/her in the preceding six (6) months, adjusted pursuant to the SELIC Rate</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">.</font></p>
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<p style="margin: 0pt; orphans: 0; text-align: center; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">Section II &#8211; Acquisition of Relevant Interest</font></p>
<p style="margin: 0pt; orphans: 0; text-align: center; widows: 0;"><br></p>
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">Article 44</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">.</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font> <font style="font-family: 'Century Gothic'; font-size: 9pt;">Any person, regardless of whether he/she is a shareholder, which, on his/her own account or through Joint Action with another person (&#8220;Purchaser of a Relevant Interest&#8221;), acquires or becomes the holder of Company shares, through a single transaction or a series of successive transactions, representing 20% or more of its capital stock </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">(&#8220;Relevant Interest&#8221;), shall be required to make a tender offer for the acquisition of the shares held by the remaining shareholders at a price equal to the highest value per share paid by him/her in the preceding 6 months, adjusted pursuant to the SELIC Rate</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">.</font></p>
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<p style="margin: 0pt; orphans: 0; text-align: center; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">Section II &#8211; Acquisition of Relevant Interest</font></p>
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">&nbsp;</font></p>
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">Article 44</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">.</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">Any person, regardless of whether he/she is a shareholder, which, on his/her own account or through Joint Action with another person (&#8220;Purchaser of a Relevant Interest&#8221;), acquires or becomes the holder of Company shares, through a single transaction or a series of successive transactions, representing </font><font style="color: #ff0000; font-family: 'Century Gothic'; font-size: 9pt; text-decoration: line-through;">twenty percent (</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">20%</font><font style="color: #ff0000; font-family: 'Century Gothic'; font-size: 9pt; text-decoration: line-through;">)</font><font style="font-family: 'Century Gothic'; font-size: 9pt;"> or more of its capital stock (&#8220;Relevant Interest&#8221;), shall be required to make a tender offer for the acquisition of the shares held by the remaining shareholders at a price equal to the highest value per share paid by him/her in the preceding </font><font style="color: #ff0000; font-family: 'Century Gothic'; font-size: 9pt; text-decoration: line-through;">six (</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">6</font><font style="color: #ff0000; font-family: 'Century Gothic'; font-size: 9pt; text-decoration: line-through;">)</font><font style="font-family: 'Century Gothic'; font-size: 9pt;"> months, adjusted pursuant to the SELIC Rate.</font></p>
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<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">Wording adjustments</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">.</font></p>














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<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">&#167;1&#186;</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">The Purchaser of a Relevant Interest shall not be required to make the tender offer provided for in this Article, in case he/she shall timely and cumulatively: (a) notify the Company of his/her intent to exercise the right provided for in this Paragraph within forty-eight (48) hours from the time he/she becomes owner of the Relevant Interest; and (b) sell, on a stock exchange, the number of shares of capital stock of the Company that exceeds the Relevant Interest, within thirty (30) days from the date of the notice mentioned in item (a) of this Paragraph</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">.</font></p>
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;</font></p>














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<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">&#167;1&#186;</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">The Purchaser of a Relevant Interest shall not be required to make the tender offer provided for in this Article, in case he/she shall timely and cumulatively: (a) notify the Company of his/her intent to exercise the right provided for in this Paragraph within 48 hours from the time he/she becomes owner of the Relevant Interest; and (b) sell, on a stock exchange, the number of shares of capital stock of the Company that exceeds the Relevant Interest, within 30 days from the date of the notice mentioned in item (a) of this Paragraph</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">.</font></p>
<p style="margin: 0pt; orphans: 0; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">&nbsp;</font></p>














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<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">&#167;1&#186;</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">The Purchaser of a Relevant Interest shall not be required to make the tender offer provided for in this Article, in case he/she shall timely and cumulatively: (a) notify the Company of his/her intent to exercise the right provided for in this Paragraph within </font><font style="color: #ff0000; font-family: 'Century Gothic'; font-size: 9pt; text-decoration: line-through;">forty-eight (</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">48</font><font style="color: #ff0000; font-family: 'Century Gothic'; font-size: 9pt; text-decoration: line-through;">)</font><font style="font-family: 'Century Gothic'; font-size: 9pt;"> hours from the time he/she becomes owner of the Relevant Interest; and (b) sell, on a stock exchange, the number of shares of capital stock of the Company that exceeds the Relevant Interest, within </font><font style="color: #ff0000; font-family: 'Century Gothic'; font-size: 9pt; text-decoration: line-through;">thirty (</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">30</font><font style="color: #ff0000; font-family: 'Century Gothic'; font-size: 9pt; text-decoration: line-through;">)</font><font style="font-family: 'Century Gothic'; font-size: 9pt;"> days from the date of the notice mentioned in item (a) of this Paragraph.</font></p>
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<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">Wording adjustments</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">.</font></p>














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<p style="margin: 0pt; orphans: 0; text-align: center; widows: 0;"><font style="color: #ffffff; font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold; letter-spacing: 0.8pt;">Current version</font></p>














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<p style="margin: 0pt; orphans: 0; text-align: center; widows: 0;"><font style="color: #ffffff; font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold; letter-spacing: 0.8pt;">Proposed version</font></p>














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<p style="margin: 0pt; orphans: 0; text-align: center; widows: 0;"><font style="color: #ffffff; font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold; letter-spacing: 0.8pt;">Comments/Justifications on proposed changes</font></p>














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<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">&#167;2&#186; </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">For</font><font style="font-family: 'Century Gothic'; font-size: 9pt;"> purposes of calculating the limit of twenty percent (20%) set forth in the introductory paragraph of this Article, treasury shares held by the Company shall be excluded</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">.</font></p>
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;</font></p>














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<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">&#167;2&#186; </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">For</font><font style="font-family: 'Century Gothic'; font-size: 9pt;"> purposes of calculating the limit of 20% set forth in the introductory paragraph of this Article, treasury shares held by the Company shall be excluded</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">.</font></p>
<p style="margin: 0pt; orphans: 0; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">&nbsp;</font></p>














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<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">&#167;2&#186; </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">For</font><font style="font-family: 'Century Gothic'; font-size: 9pt;"> purposes of calculating the limit of </font><font style="color: #ff0000; font-family: 'Century Gothic'; font-size: 9pt; text-decoration: line-through;">twenty percent (</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">20%</font><font style="color: #ff0000; font-family: 'Century Gothic'; font-size: 9pt; text-decoration: line-through;">)</font><font style="font-family: 'Century Gothic'; font-size: 9pt;"> set forth in the introductory paragraph of this Article, treasury shares held by the Company shall be excluded.</font></p>
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<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt;"><font style="color: #000000; font-family: 'Century Gothic'; font-size: 12px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Wording adjustments</font>.</font></p>














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<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">&#167;3&#186; </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">The offer referred to in this Article shall not be required in the event any shareholder, or shareholders joined by a voting agreement registered with the Company, or shareholders who have a controlling relationship or are under common control are holders of more than one-half of the capital stock at the </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">time of the acquisition of the Relevant Interest, excluding, for effects of such calculation, treasury shares held by the Company</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">.</font></p>
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;</font></p>














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<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">&#167;3&#186; </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">The offer referred to in this Article shall not be required in the event any shareholder, or shareholders joined by a voting agreement registered with the Company, or shareholders who have a controlling relationship or are under common control are holders of more than one-half of the capital stock at the </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">time of the acquisition of the Relevant Interest, excluding, for effects of such calculation, treasury shares held by the Company</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">.</font></p>
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<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">&#167;3&#186; The offer referred to in this Article shall not be required in the event any shareholder, or shareholders joined by a voting agreement registered with the Company, or shareholders who have a controlling relationship or are under common control are holders of more than one-half of the capital stock at the </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">time of the acquisition of the Relevant Interest, excluding, for effects of such calculation, treasury shares held by the Company.</font></p>
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<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">N/A</font></p>














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<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">&#167;4&#186; </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">The</font><font style="font-family: 'Century Gothic'; font-size: 9pt;"> obligation to carry out the offer provided for in this Article shall not apply if the obligation to carry out the offer provided for in Article 43 is applicable</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">.</font></p>
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;</font></p>














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<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">&#167;4&#186; </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">The</font><font style="font-family: 'Century Gothic'; font-size: 9pt;"> obligation to carry out the offer provided for in this Article shall not apply if the obligation to carry out the offer provided for in Article 43 is applicable</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">.</font></p>
<p style="margin: 0pt; orphans: 0; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">&nbsp;</font></p>














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<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">&#167;4&#186; </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">The</font><font style="font-family: 'Century Gothic'; font-size: 9pt;"> obligation to carry out the offer provided for in this Article shall not apply if the obligation to carry out the offer provided for in Article 43 is applicable.</font></p>
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;</font></p>














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<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">N/A</font></p>














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<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">Section III &#8211; </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">Deregistration as Publicly-</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">H</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">eld Company and</font> <font style="font-family: 'Century Gothic'; font-size: 9pt;">Withdrawal from the New Market</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">Article 45</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">.</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">The Company&#8217;s deregistration as a </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">publicly-held</font><font style="font-family: 'Century Gothic'; font-size: 9pt;"> company, shall be preceded by a tender offer for shares at a fair price, such a tender offer to abide by the procedures and requirements set forth in Law 6,404/76 and the CVM regulations governing tender offers for the purposes of deregistration as a publicly held company</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">.</font></p>
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;</font></p>














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<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">Section III &#8211; Deregistration as Publicly-Held Company and Withdrawal from the New Market</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">Article 45</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">.</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">The Company&#8217;s deregistration as a </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">publicly-held</font><font style="font-family: 'Century Gothic'; font-size: 9pt;"> company, shall be preceded by a tender offer for shares at a fair price, such a tender offer to abide by the procedures and requirements set forth in Brazilian Federal Law 6,404/76 and the CVM regulations governing tender offers for the purposes of deregistration as a publicly held company</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">.</font></p>
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;</font></p>














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<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">Section III &#8211; Deregistration as Publicly-Held Company and Withdrawal from the New Market</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">Article 45</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">.</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">The Company&#8217;s deregistration as a </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">publicly-held</font><font style="font-family: 'Century Gothic'; font-size: 9pt;"> company, shall be preceded by a tender offer for shares at a fair price, such a tender offer to abide by the procedures and requirements set forth in <font style="color: rgb(0, 0, 0); font-family: &quot;Century Gothic&quot;; font-size: 12px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; float: none; display: inline !important;"><font style="color: rgb(255, 0, 0);">Brazilian Federal</font>&nbsp;</font>Law 6,404/76 and the CVM regulations governing tender offers for the purposes of deregistration as a publicly held company.</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;</font></p>














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<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;">















<font style="font-size: 9.0pt; font-family: 'Century Gothic',sans-serif; mso-fareast-font-family: 'Times New Roman'; mso-bidi-font-family: 'Open Sans'; color: black; mso-themecolor: text1; mso-ansi-language: EN-US; mso-fareast-language: PT-BR; mso-bidi-language: AR-SA; mso-bidi-font-weight: bold;">Wording adjustment,</font></p>














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<p style="margin: 0pt; orphans: 0; text-align: center; widows: 0;"><font style="color: #ffffff; font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold; letter-spacing: 0.8pt;">Current version</font></p>














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<p style="margin: 0pt; orphans: 0; text-align: center; widows: 0;"><font style="color: #ffffff; font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold; letter-spacing: 0.8pt;">Proposed version</font></p>














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<p style="margin: 0pt; orphans: 0; text-align: center; widows: 0;"><font style="color: #ffffff; font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold; letter-spacing: 0.8pt;">Amended version</font></p>














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<p style="margin: 0pt; orphans: 0; text-align: center; widows: 0;"><font style="color: #ffffff; font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold; letter-spacing: 0.8pt;">Comments/Justifications on proposed changes</font></p>














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<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">Article 46</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">.</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">The Company&#8217;s withdrawal from the New Market, be it voluntary, mandatory or </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">as a result of</font><font style="font-family: 'Century Gothic'; font-size: 9pt;"> a corporate reorganization, shall abide by the rules set forth in the New Market Regulation</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">.</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">&nbsp;</font></p>














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<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">Article 46</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">.</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">The Company&#8217;s withdrawal from the New Market, be it voluntary, mandatory or </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">as a result of</font><font style="font-family: 'Century Gothic'; font-size: 9pt;"> a corporate reorganization, shall abide by the rules set forth in the New Market Regulation</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">.</font></p>
<p style="margin: 0pt; orphans: 0; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">&nbsp;</font></p>














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<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">Article 46</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">.</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">The Company&#8217;s withdrawal from the New Market, be it voluntary, mandatory or </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">as a result of</font><font style="font-family: 'Century Gothic'; font-size: 9pt;"> a corporate reorganization, shall abide by the rules set forth in the New Market Regulation.</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">&nbsp;</font></p>














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<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">N/A</font></p>














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<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">Article 47</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">.</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">As provided in the New Market Regulation and except for the provisions of Article 48, next, the Company&#8217;s voluntary withdrawal from the</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">New Market, </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">in order for</font><font style="font-family: 'Century Gothic'; font-size: 9pt;"> its shares to be registered outside the New Market shall be preceded by a tender offer for </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">shares in line with the procedures set forth in CVM Regulations governing tender offers for shares for the purposes of deregistration as a publicly listed company, and the following requirements</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">:</font> </p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">&nbsp;</font></p>














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<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">Article 47</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">.</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">As provided in the New Market Regulation and except for the provisions of Article 48, next, the Company&#8217;s voluntary withdrawal from the New Market, in order for its shares to be registered outside the New Market shall be preceded by a tender offer for shares in line with the procedures set </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">forth in CVM Regulations governing tender offers for shares for the purposes of deregistration as a publicly listed company, and the following requirements</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">:</font> </p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">&nbsp;</font></p>














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<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">Article 47</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">.</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">As provided in the New Market Regulation and except for the provisions of Article 48, next, the Company&#8217;s voluntary withdrawal from the New Market, in order for its shares to be registered outside the New Market shall be preceded by a tender offer for shares in line with the procedures set </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">forth in CVM Regulations governing tender offers for shares for the purposes of deregistration as a publicly listed company, and the following requirements:</font> </p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 6pt; vertical-align: super;">&nbsp;</font></p>














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<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">N/A</font></p>














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<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">a) </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">the price of the tender shall be fair and calculated pursuant to the parameters set forth in Article 4-A of Law 6,404/76 and the applicable CVM Regulations</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">; and</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;</font></p>














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<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">a) </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">the price of the tender shall be fair and calculated pursuant to the parameters set forth in Article 4-A of Brazilian Federal Law 6,404/76 and the applicable CVM Regulations</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">; and</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">&nbsp;</font></p>














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<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">a) </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">the price of the tender shall be fair and calculated pursuant to the parameters set forth in Article 4-A of <font style="color: rgb(0, 0, 0); font-family: &quot;Century Gothic&quot;; font-size: 12px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; float: none; display: inline !important;"><font style="color: rgb(255, 0, 0);">Brazilian Federal</font><font>&nbsp;</font></font>Law 6,404/76 and the applicable CVM Regulations; and</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;</font></p>














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<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;">















<font style="font-size: 9.0pt; font-family: 'Century Gothic',sans-serif; mso-fareast-font-family: 'Times New Roman'; mso-bidi-font-family: 'Open Sans'; color: black; mso-themecolor: text1; mso-ansi-language: EN-US; mso-fareast-language: PT-BR; mso-bidi-language: AR-SA; mso-bidi-font-weight: bold;">Wording adjustment.</font></p>














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<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">b) </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">holders of interests </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">in excess of</font><font style="font-family: 'Century Gothic'; font-size: 9pt;"> one-third (1/3) of shares outstanding shall accept the tender offer or explicitly agree with withdrawal from the segment without selling their shares</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">.</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;</font></p>














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<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">b) </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">holders of interests </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">in excess of</font><font style="font-family: 'Century Gothic'; font-size: 9pt;"> 1/3 of shares outstanding shall accept the tender offer or explicitly agree with withdrawal from the segment without selling their shares</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">.</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;</font></p>














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<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">b) </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">holders of interests </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">in excess of</font> <font style="color: #ff0000; font-family: 'Century Gothic'; font-size: 9pt; text-decoration: line-through;">one-third (</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">1/3</font><font style="color: #ff0000; font-family: 'Century Gothic'; font-size: 9pt; text-decoration: line-through;">)</font><font style="font-family: 'Century Gothic'; font-size: 9pt;"> of shares outstanding shall accept the tender offer or explicitly agree with withdrawal from the segment without selling their shares.</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;</font></p>














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<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">Redrafting adjustment</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">.</font></p>














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<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">Sole Paragraph &#8211; For the purposes of Article, outstanding shares shall be only those whose holders explicitly agree with withdrawal from the New Market or qualify for the tender offer auction as per the CVM regulations governing tender offers for the purposes of deregistration as a publicly listed company</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">.</font></p>














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<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">Sole Paragraph &#8211; For the purposes of Article, outstanding shares shall be only those whose holders explicitly agree with withdrawal from the New Market or qualify for the tender offer auction as per the CVM regulations governing tender offers for the purposes of deregistration as a publicly listed company</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">.</font></p>














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<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">Sole Paragraph &#8211; For the purposes of Article, outstanding shares shall be only those whose holders explicitly agree with withdrawal from the New Market or qualify for the tender offer auction as per the CVM regulations governing tender offers for the purposes of deregistration as a publicly listed company.</font></p>














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<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">N/A</font></p>














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<p style="margin: 0pt; orphans: 0; text-align: center; widows: 0;"><font style="color: #ffffff; font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold; letter-spacing: 0.8pt;">Current version</font></p>














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<p style="margin: 0pt; orphans: 0; text-align: center; widows: 0;"><font style="color: #ffffff; font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold; letter-spacing: 0.8pt;">Proposed version</font></p>














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<p style="margin: 0pt; orphans: 0; text-align: center; widows: 0;"><font style="color: #ffffff; font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold; letter-spacing: 0.8pt;">Comments/Justifications on proposed changes</font></p>














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<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">Article 48.</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">Voluntary withdrawal from the New Market as provided in foregoing Article 47 may take place irrespective of a tender offer if such a waiver is approved by the Shareholders&#8217; Assembly, to convene</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">:</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">a)</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">on first call with the attendance of shareholders representing, at least, two-thirds (2/3) of all shares outstanding; or</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">b)</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">on second call with any number of holders of outstanding shares in attendance</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">. </font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">&nbsp;</font></p>














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<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">Article 48.</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">Voluntary withdrawal from the New Market as provided in foregoing Article 47 may take place irrespective of a tender offer if such a waiver is approved by the Shareholders&#8217; Assembly, to convene</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">:</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">a)</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">on first call with the attendance of shareholders representing, at least, 2/3 of all shares outstanding; or</font> </p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><br></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">b)</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">on second call with any number of holders of outstanding shares in attendance</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">. </font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">&nbsp;</font></p>














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<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">Article 48.</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">Voluntary withdrawal from the New Market as provided in foregoing Article 47 may take place irrespective of a tender offer if such a waiver is approved by the Shareholders&#8217; Assembly, to convene:</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">a)</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">on first call with the attendance of shareholders representing, at least, </font><font style="color: #ff0000; font-family: 'Century Gothic'; font-size: 9pt; text-decoration: line-through;">two-thirds (</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">2/3</font><font style="color: #ff0000; font-family: 'Century Gothic'; font-size: 9pt; text-decoration: line-through;">)</font><font style="font-family: 'Century Gothic'; font-size: 9pt;"> of all shares outstanding; or</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">b)</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">on second call with any number of holders of outstanding shares in attendance. </font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">&nbsp;</font></p>














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<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">Wording adjustment</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">.</font></p>














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<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">Sole Paragraph &#8211; The decision regarding the foregoing waiver of a tender offer shall be made by a majority vote of the holders of outstanding shares in attendance at the Shareholders&#8217; Meeting</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">.</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;</font></p>














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<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">Paragraph &#8211; The decision regarding the foregoing waiver of a tender offer shall be made by a majority vote of the holders of outstanding shares in attendance at the Shareholders&#8217; Meeting</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">.</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;</font></p>














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<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">Paragraph &#8211; The decision regarding the foregoing waiver of a tender offer shall be made by a majority vote of the holders of outstanding shares in attendance at the Shareholders&#8217; Meeting.</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;</font></p>














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<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">N/A</font></p>














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<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">Article 49</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">.</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; A&nbsp;</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">single tender </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">offer</font> <font style="font-family: 'Century Gothic'; font-size: 9pt;">may</font> <font style="font-family: 'Century Gothic'; font-size: 9pt;">be</font> <font style="font-family: 'Century Gothic'; font-size: 9pt;">made</font><font style="font-family: 'Century Gothic'; font-size: 9pt;"> for more </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">than</font> <font style="font-family: 'Century Gothic'; font-size: 9pt;">one</font> <font style="font-family: 'Century Gothic'; font-size: 9pt;">of</font> <font style="font-family: 'Century Gothic'; font-size: 9pt;">the</font> <font style="font-family: 'Century Gothic'; font-size: 9pt;">purposes</font> <font style="font-family: 'Century Gothic'; font-size: 9pt;">provided</font><font style="font-family: 'Century Gothic'; font-size: 9pt;"> for in </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">this</font> <font style="font-family: 'Century Gothic'; font-size: 9pt;">Chapter</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">, in </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">the</font><font style="font-family: 'Century Gothic'; font-size: 9pt;"> New Market </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">Regulation</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">, in Law 6,404/76 </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">or</font><font style="font-family: 'Century Gothic'; font-size: 9pt;"> in </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">the</font> <font style="font-family: 'Century Gothic'; font-size: 9pt;">regulations</font> <font style="font-family: 'Century Gothic'; font-size: 9pt;">issued</font> <font style="font-family: 'Century Gothic'; font-size: 9pt;">by</font> <font style="font-family: 'Century Gothic'; font-size: 9pt;">the</font><font style="font-family: 'Century Gothic'; font-size: 9pt;"> CVM, </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">provided</font> <font style="font-family: 'Century Gothic'; font-size: 9pt;">that</font> <font style="font-family: 'Century Gothic'; font-size: 9pt;">the</font><font style="font-family: 'Century Gothic'; font-size: 9pt;"> procedures </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">used</font><font style="font-family: 'Century Gothic'; font-size: 9pt;"> in </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">the</font><font style="font-family: 'Century Gothic'; font-size: 9pt;"> tender </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">offer</font><font style="font-family: 'Century Gothic'; font-size: 9pt;"> are </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">compatible</font> <font style="font-family: 'Century Gothic'; font-size: 9pt;">with</font> <font style="font-family: 'Century Gothic'; font-size: 9pt;">all</font> <font style="font-family: 'Century Gothic'; font-size: 9pt;">requirements</font> <font style="font-family: 'Century Gothic'; font-size: 9pt;">of</font> <font style="font-family: 'Century Gothic'; font-size: 9pt;">each</font> <font style="font-family: 'Century Gothic'; font-size: 9pt;">different</font><font style="font-family: 'Century Gothic'; font-size: 9pt;"> tender </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">offer</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">, </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">the</font><font style="font-family: 'Century Gothic'; font-size: 9pt;"> tender </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">offer</font> <font style="font-family: 'Century Gothic'; font-size: 9pt;">offerees</font><font style="font-family: 'Century Gothic'; font-size: 9pt;"> do </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">not</font> <font style="font-family: 'Century Gothic'; font-size: 9pt;">suffer</font> <font style="font-family: 'Century Gothic'; font-size: 9pt;">any</font> <font style="font-family: 'Century Gothic'; font-size: 9pt;">damages</font> <font style="font-family: 'Century Gothic'; font-size: 9pt;">and</font> <font style="font-family: 'Century Gothic'; font-size: 9pt;">the</font> <font style="font-family: 'Century Gothic'; font-size: 9pt;">authorization</font> <font style="font-family: 'Century Gothic'; font-size: 9pt;">of</font> <font style="font-family: 'Century Gothic'; font-size: 9pt;">the</font><font style="font-family: 'Century Gothic'; font-size: 9pt;"> CVM </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">is</font> <font style="font-family: 'Century Gothic'; font-size: 9pt;">obtained</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">, </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">when</font> <font style="font-family: 'Century Gothic'; font-size: 9pt;">required</font> <font style="font-family: 'Century Gothic'; font-size: 9pt;">by</font> <font style="font-family: 'Century Gothic'; font-size: 9pt;">applicable</font> <font style="font-family: 'Century Gothic'; font-size: 9pt;">law</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">.</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">&nbsp;</font></p>














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<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">Article 49</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">.</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">A single tender offer may be made for more than one of the purposes provided for in this Chapter, in the New Market Regulation, in Brazilian Federal Law 6,404/76 or in the regulations issued by the CVM, provided that the procedures used in the tender offer are compatible with all requirements of each different tender offer, the tender offer offerees do not suffer any damages and the authorization of the CVM is obtained, when required by applicable law</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">.</font></p>
<p style="margin: 0pt; orphans: 0; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;</font></p>














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<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">Article 49</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">.</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">A single tender offer may be made for more than one of the purposes provided for in this Chapter, in the New Market Regulation, in <font style="color: rgb(255, 0, 0);">Brazilian Federal</font> Law 6,404/76 or in the regulations issued by the CVM, provided that the procedures used in the tender offer are compatible with all requirements of each different tender offer, the tender offer offerees do not suffer any damages and the authorization of the CVM is obtained, when required by applicable law.</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">&nbsp;</font></p>














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<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">Wording adjustment.</font></p>














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<p style="margin: 0pt; orphans: 0; text-align: center; widows: 0;"><font style="color: #ffffff; font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold; letter-spacing: 0.8pt;">Current version</font></p>














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<p style="margin: 0pt; orphans: 0; text-align: center; widows: 0;"><font style="color: #ffffff; font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold; letter-spacing: 0.8pt;">Proposed version</font></p>














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<p style="margin: 0pt; orphans: 0; text-align: center; widows: 0;"><font style="color: #ffffff; font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold; letter-spacing: 0.8pt;">Amended version</font></p>














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<p style="margin: 0pt; orphans: 0; text-align: center; widows: 0;"><font style="color: #ffffff; font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold; letter-spacing: 0.8pt;">Comments/Justifications on proposed changes</font></p>














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<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">Article 50</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">. </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">To the extent the rights provided for in these Bylaws to shareholders with respect to tender offers are affected, the rules set forth by the New Market Regulation will prevail over the provisions herein</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">. </font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">&nbsp;</font></p>














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<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">Article 50</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">. </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">To the extent the rights provided for in these Bylaws to shareholders with respect to tender offers are affected, the rules set forth by the New Market Regulation will prevail over the provisions herein</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">. </font></p>
<p style="margin: 0pt; orphans: 0; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;</font></p>














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<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">Article 50</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">. To the extent the rights provided for in these Bylaws to shareholders with respect to tender offers are affected, the rules set forth by the New Market Regulation will prevail over the provisions herein. </font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">&nbsp;</font></p>














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<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">N/A</font></p>














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<p style="margin: 0pt; page-break-after: avoid; text-align: center;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">CHAPTER X</font></p>
<p style="margin: 0pt; page-break-after: avoid; text-align: center;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">Arbitration Court</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">Article 51.</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">The Company, its shareholders, directors and executive officers and the full and alternate members of the Fiscal Council, if any, are required to submit to arbitration at the Market Arbitration Tribunal, pursuant to the rules thereof, any and all controversies arising between them, either related to or resulting from their status as issuer, shareholders, managers and members of the Fiscal Council, in particular if arising from the provisions set forth in Law 6,385/76, Law 6,404/76, in the Bylaws, in the rules enacted by the National Monetary Council, the Central Bank of Brazil and the CVM, as well as other rules applicable to capital markets in general, in addition to those set forth in the New Market Regulation, other B3 regulations and the New Market Participation Agreement</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">.</font></p>
<p style="margin: 0pt; page-break-after: avoid; text-align: center;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">&nbsp;</font></p>














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<p style="margin: 0pt; page-break-after: avoid; text-align: center;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">CHAPTER X</font></p>
<p style="margin: 0pt; page-break-after: avoid; text-align: center;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">Arbitration Court</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">Article 51.</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">The Company, its shareholders, directors and executive officers and the full and alternate members of the Fiscal Council, if any, are required to submit to arbitration at the Market Arbitration Tribunal, pursuant to the rules thereof, any and all controversies arising between them, either related to or resulting from their status as issuer, shareholders, managers and members of the Fiscal Council, in particular if arising from the provisions set forth in Brazilian Federal Laws 6,385/76 and 6,404/76, in the Bylaws, in the rules enacted by the National Monetary Council, the Central Bank of Brazil and the CVM, as well as other rules applicable to capital markets in general, in addition to those set forth in the New Market Regulation, other B3 regulations and the New Market Participation Agreement</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">.</font></p>
<p style="margin: 0pt; orphans: 0; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">&nbsp;</font></p>














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<p style="margin: 0pt; page-break-after: avoid; text-align: center;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">CHAPTER X</font></p>
<p style="margin: 0pt; page-break-after: avoid; text-align: center;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">Arbitration Court</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">Article 51.</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">The Company, its shareholders, directors and executive officers and the full and alternate members of the Fiscal Council, if any, are required to submit to arbitration at the Market Arbitration Tribunal, pursuant to the rules thereof, any and all controversies arising between them, either related to or resulting from their status as issuer, shareholders, managers and members of the Fiscal Council, in particular if arising from the provisions set forth in <font style="color: rgb(255, 0, 0);">Brazilian Federal </font>Law<font style="color: rgb(255, 0, 0);">s</font> 6,385/76<font style="color: rgb(255, 0, 0);"><font style="text-decoration: line-through;">, Law</font>&nbsp;and </font>6,404/76, in the Bylaws, in the rules enacted by the National Monetary Council, the Central Bank of Brazil and the CVM, as well as other rules applicable to capital markets in general, in addition to those set forth in the New Market Regulation, other B3 regulations and the New Market Participation Agreement.</font></p>
<p style="margin: 0pt; page-break-after: avoid; text-align: center;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">&nbsp;</font></p>














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<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">Wording adjustments.</font></p>














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<p style="margin: 0pt; page-break-after: avoid; text-align: center;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">CHAPTER XI</font></p>
<p style="margin: 0pt; page-break-after: avoid; text-align: center;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">Fiscal Year</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">Article 52</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">.</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">The fiscal year begins on January 1st and ends on December 31st.</font></p>
<p style="margin: 0pt; page-break-after: avoid; text-align: center;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">&nbsp;</font></p>














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<p style="margin: 0pt; page-break-after: avoid; text-align: center;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">CHAPTER XI</font></p>
<p style="margin: 0pt; page-break-after: avoid; text-align: center;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">Fiscal Year</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">Article 52</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">.</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">The fiscal year begins on January 1st and ends on December 31st of each year</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">.</font></p>
<p style="margin: 0pt; orphans: 0; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;</font></p>














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<p style="margin: 0pt; page-break-after: avoid; text-align: center;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">CHAPTER XI</font></p>
<p style="margin: 0pt; page-break-after: avoid; text-align: center;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">Fiscal Year</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">Article 52</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">.</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">The fiscal year begins on January 1st and ends on December 31st of each year.</font></p>
<p style="margin: 0pt; page-break-after: avoid; text-align: center;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">&nbsp;</font></p>














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<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">N/A</font></p>














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<p style="margin: 0pt; orphans: 0; text-align: center; widows: 0;"><font style="color: #ffffff; font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold; letter-spacing: 0.8pt;">Current version</font></p>














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<p style="margin: 0pt; orphans: 0; text-align: center; widows: 0;"><font style="color: #ffffff; font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold; letter-spacing: 0.8pt;">Comments/Justifications on proposed changes</font></p>














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<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">Article 53</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">.</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">After the balance sheet and the other financial statements are prepared, and after the deduction of accrued losses, the provision for income tax and, if applicable, the provision for directors&#8217; and executive officers&#8217; annual profit sharing, five percent (5%) of the net profit will be allocated to the </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">legal reserve, up to the limit of twenty percent (20%) of the capital stock</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">.</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">&#167; 1&#186; </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">The</font><font style="font-family: 'Century Gothic'; font-size: 9pt;"> remaining profit will have the following destination</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">:</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">&nbsp;</font></p>














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<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">Article 53</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">.</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">After the balance sheet and the other financial statements are prepared, and after the deduction of accrued losses, the provision for income tax and, if applicable, the provision for directors&#8217; and executive officers&#8217; annual profit sharing, 5% of the net profit </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">will be allocated to the legal reserve, up to the limit of 20% of the capital stock</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">.</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><br></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">&#167; 1&#186; </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">The</font><font style="font-family: 'Century Gothic'; font-size: 9pt;"> remaining profit will have the following destination</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">:</font></p>
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">&nbsp;</font></p>














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<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">Article 53</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">.</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">After the balance sheet and the other financial statements are prepared, and after the deduction of accrued losses, the provision for income tax and, if applicable, the provision for directors&#8217; and executive officers&#8217; annual profit sharing, <font style="text-decoration: line-through;"><font style="color: #ff0000; text-decoration: line-through;">five percent (</font></font>5%<font style="text-decoration: line-through; color: #ff0000;">)</font> of the net profit </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">will be allocated to the legal reserve, up to the limit of <font style="text-decoration: line-through;"><font style="color: #ff0000; text-decoration: line-through;">twenty percent (</font></font>20%<font style="text-decoration: line-through;"><font style="color: #ff0000;">)</font></font> of the capital stock.</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;</font></p>
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<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">&#167; 1&#186; </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">The</font><font style="font-family: 'Century Gothic'; font-size: 9pt;"> remaining profit will have the following destination:</font></p>
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<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">Wording adjustments</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">.</font></p>














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<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">a)</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">twenty-five percent (25%) for payment of the mandatory dividend to the shareholders, deducted by semiannual or interim dividends that may have already been distributed; </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">and</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">;</font> </p>














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<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">a)</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">25% for payment of the mandatory dividend to the shareholders, deducted by semiannual or interim dividends that may have already been distributed</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">; </font></p>














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<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">a)</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font style="color: #ff0000; font-family: 'Century Gothic'; font-size: 9pt; text-decoration: line-through;">twenty-five percent (</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">25%</font><font style="color: #ff0000; font-family: 'Century Gothic'; font-size: 9pt; text-decoration: line-through;">)</font><font style="font-family: 'Century Gothic'; font-size: 9pt;"> for payment of the mandatory dividend to the shareholders, deducted by semiannual or interim dividends that may have already been distributed; </font><font style="text-decoration: line-through; color: rgb(255, 0, 0);"><font style="font-family: &quot;Century Gothic&quot;; font-size: 9pt;">and; </font></font></p>














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<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">Wording adjustment</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">.</font></p>














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<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">b)</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">by proposal of the managing bodies, up to seventy-five percent (75%) for creating an investment reserve, aimed at protecting the integrity of the Company&#180;s assets and to supplement its capital stock, </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">in order to</font><font style="font-family: 'Century Gothic'; font-size: 9pt;"> allow new investments to be made, up to the limit of one hundred percent (100%) of&nbsp;</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">the capital stock, provided that the balance of such reserve, when combined with other profit reserve balances, except for the unrealized profit reserve and the contingency reserves, shall not exceed one hundred percent (100%) of the capital stock and, once such limit is reached, the shareholders&#8217; meeting shall determine the allocation of the surplus through an increase of the capital stock or in the distribution of dividends; and</font></p>
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<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">b)</font> <font style="font-family: 'Century Gothic'; font-size: 9pt;">by proposal of the managing bodies, up to 75% for creating an investment reserve, aimed at protecting the integrity of the Company&#180;s assets and to supplement its capital stock, in order to allow new investments to be made, up to the limit of 100% of the capital stock, provided that the balance of such reserve, when combined with other profit reserve balances, except for the unrealized profit reserve and the contingency reserves, shall not exceed 100% of the capital stock and, once such limit is reached, the shareholders&#8217; meeting shall determine the allocation of the surplus through an increase of the capital stock or in the distribution of dividends; and</font></p>
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<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">b)</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">by proposal of the managing bodies, up to </font><font style="color: #ff0000; font-family: 'Century Gothic'; font-size: 9pt; text-decoration: line-through;">seventy-five percent (</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">75%</font><font style="color: #ff0000; font-family: 'Century Gothic'; font-size: 9pt; text-decoration: line-through;">)</font><font style="font-family: 'Century Gothic'; font-size: 9pt;"> for creating an investment reserve, aimed at protecting the integrity of the Company&#180;s assets and to supplement its capital stock, </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">in order to</font><font style="font-family: 'Century Gothic'; font-size: 9pt;"> allow new investments to be made, up to the limit of </font><font style="color: #ff0000; font-family: 'Century Gothic'; font-size: 9pt; text-decoration: line-through;">one hundred percent (</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">100%</font><font style="color: #ff0000; font-family: 'Century Gothic'; font-size: 9pt; text-decoration: line-through;">)</font><font style="font-family: 'Century Gothic'; font-size: 9pt;"> of&nbsp;</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">the capital stock, provided that the balance of such reserve, when combined with other profit reserve balances, except for the unrealized profit reserve and the contingency reserves, shall not exceed <font style="text-decoration: line-through;"><font style="color: #ff0000; text-decoration: line-through;">one hundred percent (</font></font>100%<font style="text-decoration: line-through; color: #ff0000;">)</font> of the capital stock and, once such limit is reached, the shareholders&#8217; meeting shall determine the allocation of the surplus through an increase of the capital stock or in the distribution of dividends; and</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;</font></p>














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<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="color: rgb(0, 0, 0); font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: &quot;Century Gothic&quot;; font-size: 9pt;">Wording adjustments</font><font style="color: rgb(0, 0, 0); font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: &quot;Century Gothic&quot;; font-size: 9pt;">.</font></p>














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<p style="margin: 0pt; orphans: 0; text-align: center; widows: 0;"><font style="color: #ffffff; font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold; letter-spacing: 0.8pt;">Current version</font></p>














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<p style="margin: 0pt; orphans: 0; text-align: center; widows: 0;"><font style="color: #ffffff; font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold; letter-spacing: 0.8pt;">Amended version</font></p>














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<p style="margin: 0pt; orphans: 0; text-align: center; widows: 0;"><font style="color: #ffffff; font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold; letter-spacing: 0.8pt;">Comments/Justifications on proposed changes</font></p>














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<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">c)</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">the balance will be allocated according to the resolution adopted at the Shareholders&#8217; Meeting, which will </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">take into account</font><font style="font-family: 'Century Gothic'; font-size: 9pt;"> the Board of Directors&#8217; proposal</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">.</font></p>
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<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">c)</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">the balance will be allocated according to the resolution adopted at the Shareholders&#8217; Meeting, which will </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">take into account</font><font style="font-family: 'Century Gothic'; font-size: 9pt;"> the Board of Directors&#8217; proposal</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">.</font></p>
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<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">c)</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">the balance will be allocated according to the resolution adopted at the Shareholders&#8217; Meeting, which will </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">take into account</font><font style="font-family: 'Century Gothic'; font-size: 9pt;"> the Board of Directors&#8217; proposal.</font></p>
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<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">N/A</font></p>














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<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">&#167; 2&#186;</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">The Company may, in addition </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">to the annual balance sheet, prepare semiannual or interim balance sheets at any time, and the Board of Directors may, ad referendum of the Shareholders&#8217; Meeting, declare interim dividends to the account of retained earnings or profit reserves recorded in its latest annual or semiannual balance sheets</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">.</font></p>
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<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">&#167; 2&#186;</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">The Company may, in addition </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">to the annual balance sheet, prepare semiannual or interim balance sheets at any time, and the Board of Directors may, ad referendum of the Shareholders&#8217; Meeting, declare interim dividends to the account of retained earnings or profit reserves recorded in its latest annual or semiannual balance sheets</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">.</font></p>
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<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">&#167; 2&#186;</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">The Company may, in addition </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">to the annual balance sheet, prepare semiannual or interim balance sheets at any time, and the Board of Directors may, ad referendum of the Shareholders&#8217; Meeting, declare interim dividends to the account of retained earnings or profit reserves recorded in its latest annual or semiannual balance sheets.</font></p>
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<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">N/A</font></p>














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<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">&#167; 3&#186;</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">Dividends not claimed within three (3) years from the date they were made available to the shareholders shall be forfeited to the Company</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">.</font></p>
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<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">&#167; 3&#186;</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">Dividends not claimed within 3 years from the date they were made available to the shareholders shall be forfeited to the Company</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">.</font></p>
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<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">&#167; 3&#186;</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">Dividends not claimed within </font><font style="color: #ff0000; font-family: 'Century Gothic'; font-size: 9pt; text-decoration: line-through;">three (</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">3</font><font style="color: #ff0000; font-family: 'Century Gothic'; font-size: 9pt; text-decoration: line-through;">)</font><font style="font-family: 'Century Gothic'; font-size: 9pt;"> years from the date they were made available to the shareholders shall be forfeited to the Company.</font></p>
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<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="color: rgb(0, 0, 0); font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: &quot;Century Gothic&quot;; font-size: 9pt;">Wording adjustment</font><font style="color: rgb(0, 0, 0); font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: &quot;Century Gothic&quot;; font-size: 9pt;">.</font></p>














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<p style="margin: 0pt; page-break-after: avoid; text-align: center;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">CHAPTER XII</font></p>
<p style="margin: 0pt; page-break-after: avoid; text-align: center;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">Miscellaneous</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">Article 54</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">.</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font> <font style="font-family: 'Century Gothic'; font-size: 9pt;">The Company shall be liquidated as provided for by law, and the&nbsp;&nbsp;Shareholders&#180; Meeting shall decide the method of liquidation, appoint the </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">liquidator</font><font style="font-family: 'Century Gothic'; font-size: 9pt;"> and elect the Fiscal Council to operate during the liquidation process</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">. </font></p>
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<p style="margin: 0pt; page-break-after: avoid; text-align: center;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">CHAPTER XII</font></p>
<p style="margin: 0pt; page-break-after: avoid; text-align: center;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">Miscellaneous</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">Article 54</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">.</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">The Company shall be liquidated as provided for by law, and the&nbsp;&nbsp;Shareholders&#180; Meeting shall decide the method of liquidation, appoint the </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">liquidator</font><font style="font-family: 'Century Gothic'; font-size: 9pt;"> and elect the Fiscal Council to operate during the liquidation process</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">. </font></p>
<p style="margin: 0pt; orphans: 0; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">&nbsp;</font></p>














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<p style="margin: 0pt; page-break-after: avoid; text-align: center;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">CHAPTER XII</font></p>
<p style="margin: 0pt; page-break-after: avoid; text-align: center;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">Miscellaneous</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">Article 54</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">.</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font style="font-family: 'Century Gothic'; font-size: 9pt;"> The Company shall be liquidated as provided for by law, and the&nbsp;&nbsp;Shareholders&#180; Meeting shall decide the method of liquidation, appoint the </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">liquidator</font><font style="font-family: 'Century Gothic'; font-size: 9pt;"> and elect the Fiscal Council to operate during the liquidation process. </font></p>
<p style="margin: 0pt; page-break-after: avoid; text-align: center;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">&nbsp;</font></p>














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<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">N/A</font></p>














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<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">Article 55</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">.</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">The minutes of the Shareholders&#8217; Meetings, as well as the minutes of meetings of the Board of Directors and of the Board of Executive will be filed at the Registry of Commerce and published when they contain resolutions affecting third parties</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">.</font></p>
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<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">Article 55</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">.</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">The minutes of the Shareholders&#8217; Meetings, as well as the minutes of meetings of the Board of Directors and of the Board of Executive will be filed at the Registry of Commerce and published when they contain resolutions affecting third parties</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">.</font></p>
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<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">Article 55</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">.</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">The minutes of the Shareholders&#8217; Meetings, as well as the minutes of meetings of the Board of Directors and of the Board of Executive will be filed at the Registry of Commerce and published when they contain resolutions affecting third parties.</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">&nbsp;</font></p>














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<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">N/A</font></p>














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<div style="margin: 0pt; text-align: center;"><a style="text-decoration: none; color: #000000; cursor: default; outline: none; pointer-events: none;" href="#TOC" name="Bexii_5220242115548" class="customBookmark"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">Exhibit </font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">II</font></a><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;"> - Financial statements referring to the fiscal year ended on December 31, </font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">202</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">3</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">, including (</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">i</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">) the Management Report of the fiscal year ended on December 31, </font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">202</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">3</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">; (ii) Report from our Independent Auditors and (iii) </font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">Opinion</font> <font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">from our Fiscal Council</font></div>
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<p style="font-size: 11pt; line-height: 130%; margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">To access </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">Ultrapar&#8217;s</font><font style="font-family: 'Century Gothic'; font-size: 9pt;"> Financial Statements for the year ended on December 31, </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">202</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">3</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">, please</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;</font><a href="http://www.sec.gov/Archives/edgar/data/1094972/000155485524000069/MainDocument.htm#Baa_211202411295596"><font style="color: #0563c1; font-family: 'Century Gothic'; font-size: 9pt; text-decoration: underline;">click here</font></a><font style="font-family: 'Century Gothic'; font-size: 9pt;">.</font></p>
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<p style="font-size: 9pt; line-height: 1.2; margin: 10pt 0pt; text-align: center; text-indent: 0pt;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold; line-height: inherit;"><a style="text-decoration: none; color: #000000; cursor: default; outline: none; pointer-events: none;" href="#TOC" name="BExhibit_III_122202415284627" class="customBookmark">Exhibit III</a> &#8211; Management discussion and analysis on the financial conditions of the Company, under the terms of item 2 of the Reference Form</font></p>
<h1 style="font-size: 9pt; line-height: 130%; margin: 0px; text-align: justify; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold; text-decoration: none; line-height: inherit;">2</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold; text-decoration: none; line-height: inherit;">.1 </font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold; text-decoration: none; line-height: inherit;">&#8211;</font> <font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold; text-decoration: none; line-height: inherit;">Comments on</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold; text-decoration: none; line-height: inherit;">:</font></h1>
<p style="font-size: 9pt; line-height: 1.2; margin: 10pt 0pt; text-indent: 0pt;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold; line-height: inherit;">Introdu</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold; line-height: inherit;">ction</font></p>
<p style="font-size: 9pt; line-height: 1.2; margin: 10pt 0pt; text-align: justify; text-indent: 0pt;"><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">The following comments should be read together with our consolidated financial statements, filed with the CVM on February</font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;"> 28th, </font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">2024</font> <font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">the notes thereto, and other financial information included elsewhere in this document</font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">.</font></p>
<p style="font-size: 9pt; line-height: 1.2; margin: 10pt 0pt; text-align: justify; text-indent: 0pt;"><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">The Extrafarma and </font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">Oxiteno</font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;"> sale agreements were signed in May and August 2021, respectively, according to the Material Notices disclosed at that time. As of December 31st, 2021, Ultrapar classified these businesses as assets and liabilities held for sale and discontinued operations. The sale of </font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">Oxiteno</font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;"> was concluded on April 1st, 2022, and therefore it is no longer included in </font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">Ultrapar's</font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;"> discontinued operations and results as of this date. The sale of Extrafarma was concluded on August 1st, 2022, and its results up to that date are shown within discontinued operations</font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">.</font> </p>
<p style="font-size: 9pt; line-height: 1.2; margin: 10pt 0pt; text-align: justify; text-indent: 0pt;"><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">For the purposes of this document, references to Ultrapar refer only to continuing operations. However, to allow comparability with previous periods, in some sections of this report the </font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">Company's pro forma financial information are mentioned, that is, the data considers the sum of continuing and discontinued operations</font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">.</font></p>
<p style="font-size: 9pt; line-height: 1.2; margin: 10pt 0pt; text-align: justify; text-indent: 0pt;"><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">&nbsp;</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold; line-height: inherit;">a.</font><font style="font-style: normal; font-variant: normal; font-kerning: auto; font-optical-sizing: auto; font-feature-settings: normal; font-variation-settings: normal; font-weight: normal; font-stretch: normal; font-size: 7pt; line-height: inherit; font-family: 'Times New Roman';">&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="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold; text-decoration: underline; line-height: inherit;">General financial and equity conditions</font></p>
<p style="font-size: 9pt; line-height: 1.2; margin: 10pt 0pt; text-indent: 0pt;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold; line-height: inherit;">Company overview</font> </p>
<p style="font-size: 9pt; line-height: 1.2; margin: 10pt 0pt; text-align: justify; text-indent: 0pt;"><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">Ultrapar holds 86 years of history, with its origins going back to 1937, when Ernesto Igel founded </font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">Ultragaz</font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">, a company which pioneered the distribution of liquefied petroleum gas (LPG) as cooking gas. Since then, Ultrapar has become one of the largest business groups of Brazil, with an </font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">outstanding position in the energy, </font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">mobility</font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;"> and logistics infrastructure segments through </font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">Ultragaz</font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">, </font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">Ipiranga</font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;"> and </font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">Ultracargo</font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">.</font></p>
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<li style="font-family: Symbol; font-size: 9pt; line-height: 130%; margin: 0px; padding-left: 8.71pt; text-align: justify; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold; line-height: inherit;">Ultragaz</font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">:</font> <font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">pioneer company and leader in the distribution of LPG in Brazil, it is a reference in innovation in the sector and has been expanding its offer of energy solutions for its customers. It serves 60 thousand business customers and more than 10 million households, through a network that already exceeds 6 thousand resellers, in a safe, efficient and sustainable way</font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">.</font></li>
<li style="font-family: Symbol; font-size: 9pt; line-height: 130%; margin: 0px; padding-left: 8.71pt; text-align: justify; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold; line-height: inherit;">Ultracargo</font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">:</font> <font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">the leading company in the sector of independent liquid bulk storage terminals in Brazil, it is present in the country&#8217;s inland and main ports with modern terminals to store and handle different products, such as fuels, biofuels, chemicals, </font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">corrosives</font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;"> and vegetable oils</font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">.</font></li>
<li style="font-family: Symbol; font-size: 9pt; line-height: 130%; margin: 0px; padding-left: 8.71pt; text-align: justify; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold; line-height: inherit;">Ipiranga</font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">:</font> <font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">one of the largest fuels and lubricants distribution companies and one of the most valuable brands in the country, with a network of almost 6 thousand service stations, in addition to 1.5 thousand </font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">AmPm</font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;"> stores, the largest convenience store franchise in Brazil</font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">.</font></li>







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<p style="font-size: 9pt; line-height: 1.2; margin: 10pt 0pt; text-indent: 0pt;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold; line-height: inherit;">Overview of the 2023 fiscal year</font></p>
<p style="font-size: 9pt; line-height: 1.2; margin: 10pt 0pt; text-align: justify; text-indent: 0pt;"><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">2023 was another year of important progress for Ultrapar. Despite the volatility and uncertainties, our three main businesses, </font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">Ipiranga</font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">, </font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">Ultragaz</font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;"> and </font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">Ultracargo</font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">, reached record results, with a highlight to the continued growth of </font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">Ultragaz</font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;"> and </font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">Ultracargo</font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;"> and the significant profitability recovery of </font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">Ipiranga</font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">, through the refinement of pricing, higher engagement with the resellers network, progress on supply, logistics and trading and debugging of service stations with low potential.</font></p>
<p style="font-size: 9pt; line-height: 1.2; margin: 10pt 0pt; text-align: justify; text-indent: 0pt;"><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">The strong operational cash flow allowed the Company to achieve the lowest financial leverage in the last 15 years and regain its investment grade rating from the Standard &amp; </font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">Poors</font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">&#8217; credit rating agency.</font></p>
<p style="font-size: 9pt; line-height: 1.2; margin: 10pt 0pt; text-align: justify; text-indent: 0pt;"><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">We invested R$ 1.9 billion in expansion and maintenance of our businesses. We concluded the acquisitions of Stella and NEOg&#225;s, which marked </font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">Ultragaz's</font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;"> entry into the renewable electricity and compressed natural gas segments, expanding the options for providing energy solutions and leveraging its capillarity, commercial strength, and brand. We also concluded the acquisitions of a 50% stake in Opla, an ethanol terminal located in </font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">Paul&#237;nia</font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;"> (state of S&#227;o Paulo), and of a </font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">Ipiranga's</font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;"> base in </font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">Rondon&#243;polis</font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;"> (state of Mato Grosso). Moreover, we announced the construction of the first liquid bulk terminal in Tocantins, marking </font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">Ultracargo&#8217;s</font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;"> inland expansion and positioning the company as an integrated logistics solutions provider.</font></p>
<p style="font-size: 9pt; line-height: 1.2; margin: 10pt 0pt; text-align: justify; text-indent: 0pt;"><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">Continuing with our transformation agenda, in April, we underwent an important renewal of the Board of Directors for the term of 2023 to 2025, combining members who were already part of the Management, preserving the knowledge of the businesses and of Ultrapar, with new members who brought relevant and complementary experiences to build the Company&#8217;s future.</font></p>
<p style="font-size: 9pt; line-height: 1.2; margin: 10pt 0pt; text-align: justify; text-indent: 0pt;"><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">At the same time, we made progress in our ESG journey, making public commitments to the 2030 goals, an intrinsic part of the Company's strategic planning.</font></p>



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<p style="font-size: 9pt; line-height: 1.2; margin: 10pt 0pt; text-align: justify; text-indent: 0pt;"><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">We ended 2023 with net revenues of R$ 126 billion and recurring EBITDA of R$ 5.6 billion, 41% higher than in 2022, due to the record results of our three main businesses, even after the deconsolidation of </font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">Oxiteno</font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;"> and Extrafarma. The Company's net income was R$ 2.5 billion, a record level, of which R$ 713 million were distributed as dividends to shareholders.</font></p>
<p style="font-size: 9pt; line-height: 1.2; margin: 10pt 0pt; text-align: justify; text-indent: 0pt;"><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">As previously highlighted, the reduction of our financial leverage, which went from 1.7x in December 2022 to 1.1x in December 2023, turns the Company even more capable of seeking investment opportunities with good returns and aligned with the strategic planning. We emphasize that there are receivables related to the divestments totaling approximately R$ 0.9 billion which are not considered in this calculation.</font></p>
<p style="font-size: 9pt; line-height: 1.2; margin: 10pt 0pt; text-align: justify; text-indent: 0pt;"><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">We also announced our investment plan for 2024, which totals R$ 2.7 billion and exceeds the amount invested in 2023 by 37%, with around 55% allocated to expansion projects at </font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">Ipiranga</font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">, </font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">Ultragaz</font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;"> and </font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">Ultracargo</font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">, in addition to the maintenance and safety of the operational units</font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">.</font></p>
<h1 style="font-size: 9pt; line-height: 130%; margin: 0px; text-align: justify; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold; line-height: inherit;">b.</font><font style="font-style: normal; font-variant: normal; font-kerning: auto; font-optical-sizing: auto; font-feature-settings: normal; font-variation-settings: normal; font-weight: normal; font-stretch: normal; font-size: 7pt; line-height: inherit; font-family: 'Times New Roman';">&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="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold; text-decoration: underline; line-height: inherit;">Capital </font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold; text-decoration: underline; line-height: inherit;">structure</font></h1>
<p style="font-size: 9pt; line-height: 1.2; margin: 10pt 0pt; text-align: justify; text-indent: 0pt;"><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">The Company&#8217;s subscribed and paid-up capital stock as of December 31, </font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">2023</font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;"> was R$</font> <font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">6</font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">,</font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">621</font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">.</font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">8</font> <font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">million, comprising </font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">of</font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;"> 1,115,212,490 common shares with no par value. </font> <font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">In February 2024, 191,778 new common shares were issued </font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">as a result of</font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;"> the partial exercise of the subscription warrants </font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">from</font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">&nbsp;the acquisition of Extrafarma, approved by the Extraordinary General Shareholders&#8217; meeting of January 31st, 2014. As a result, the Company&#8217;s capital stock is now divided into 1,115,404,268 common shares with no par value.</font></p>
<p style="font-size: 9pt; line-height: 1.2; margin: 10pt 0pt; text-align: justify; text-indent: 0pt;"><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">Ultrapar ended 2023 with a total net debt of </font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">R$ 6</font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">,</font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">121</font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">.</font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">4 </font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">million</font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">, </font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">comprising of a gross debt of R$ </font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">11,768</font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">.</font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">0 </font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">million, leases payable </font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">of R$ 1,523.9 million and</font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;"> cash and financial investments of R$ </font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">7,170.6</font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;"> million, a decrease of R$ 567.8 million in relation to the total net debt of 2022.</font></p>
<p style="font-size: 9pt; line-height: 1.2; margin: 10pt 0pt; text-align: justify; text-indent: 0pt;"><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">As of December 31, 2023, </font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">Ultrapar&#8217;s</font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;"> equity was R$ 14,029.8 million, resulting in a total net debt to equity ratio of 44%.</font></p>
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<p style="font-size: 8pt; line-height: 130%; margin: 0px; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 8pt; font-weight: bold; line-height: inherit;">(</font><font style="font-family: 'Century Gothic'; font-size: 8pt; font-weight: bold; line-height: inherit;">R$ million</font><font style="font-family: 'Century Gothic'; font-size: 8pt; font-weight: bold; line-height: inherit;">)</font></p>







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<p style="font-size: 8pt; line-height: 130%; margin: 0px; text-align: center; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 8pt; font-weight: bold; line-height: inherit;">202</font><font style="font-family: 'Century Gothic'; font-size: 8pt; font-weight: bold; line-height: inherit;">3</font></p>







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<p style="font-size: 8pt; line-height: 130%; margin: 0px; text-align: center; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 8pt; font-weight: bold; line-height: inherit;">% </font><font style="font-family: 'Century Gothic'; font-size: 8pt; font-weight: bold; line-height: inherit;">of equity</font></p>







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<p style="font-size: 8pt; line-height: 130%; margin: 0px; text-align: justify; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">Gross debt</font></p>







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<p style="font-size: 8pt; line-height: 130%; margin: 0px; text-align: center; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">11</font><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">,</font><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">7</font><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">68</font><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">.</font><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">0</font></p>







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<p style="font-size: 8pt; line-height: 130%; margin: 0px; text-align: center; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">84</font><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">%</font></p>







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<p style="font-size: 8pt; line-height: 130%; margin: 0px; text-align: justify; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">Leases payable</font></p>







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<p style="font-size: 8pt; line-height: 130%; margin: 0px; text-align: center; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">1</font><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">,</font><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">523</font><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">.</font><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">9</font></p>







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<p style="font-size: 8pt; line-height: 130%; margin: 0px; text-align: center; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">11</font><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">%</font></p>







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<p style="font-size: 8pt; line-height: 130%; margin: 0px; text-align: justify; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">Cash and financial investments</font></p>







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<p style="font-size: 8pt; line-height: 130%; margin: 0px; text-align: center; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">7,170</font><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">.</font><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">6</font></p>







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<p style="font-size: 8pt; line-height: 130%; margin: 0px; text-align: center; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">5</font><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">1</font><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">%</font></p>







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<p style="font-size: 8pt; line-height: 130%; margin: 0px; text-align: justify; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 8pt; font-weight: bold; line-height: inherit;">Total net debt</font></p>







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<p style="font-size: 8pt; line-height: 130%; margin: 0px; text-align: center; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 8pt; font-weight: bold; line-height: inherit;">6</font><font style="font-family: 'Century Gothic'; font-size: 8pt; font-weight: bold; line-height: inherit;">,</font><font style="font-family: 'Century Gothic'; font-size: 8pt; font-weight: bold; line-height: inherit;">121</font><font style="font-family: 'Century Gothic'; font-size: 8pt; font-weight: bold; line-height: inherit;">.</font><font style="font-family: 'Century Gothic'; font-size: 8pt; font-weight: bold; line-height: inherit;">4</font></p>







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<p style="font-size: 8pt; line-height: 130%; margin: 0px; text-align: center; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 8pt; font-weight: bold; line-height: inherit;">44</font><font style="font-family: 'Century Gothic'; font-size: 8pt; font-weight: bold; line-height: inherit;">%</font></p>







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<h1 style="font-size: 9pt; line-height: 130%; margin: 0px; text-align: justify; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold; line-height: inherit;">c.</font><font style="font-style: normal; font-variant: normal; font-kerning: auto; font-optical-sizing: auto; font-feature-settings: normal; font-variation-settings: normal; font-weight: normal; font-stretch: normal; font-size: 7pt; line-height: inherit; font-family: 'Times New Roman';">&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="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold; text-decoration: underline; line-height: inherit;">Capacity to honor our financial </font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold; text-decoration: underline; line-height: inherit;">obligations</font></h1>
<p style="font-size: 9pt; line-height: 1.2; margin: 10pt 0pt; text-align: justify; text-indent: 0pt;"><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">Our main sources of liquidity derive from (</font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">i</font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">) cash, cash equivalents and financial investments, (ii) cash flow generated from our operations, and</font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;"> (iii) financing</font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">.</font></p>
<p style="font-size: 9pt; line-height: 1.2; margin: 10pt 0pt; text-align: justify; text-indent: 0pt;"><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">In addition to these sources of liquidity, there are receivables not yet included in </font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">Ultrapar's</font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;"> net debt related to the sales (</font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">i</font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">) of </font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">Oxiteno</font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;"> (US$ 150 million to be received in April 2024) and </font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">(ii) </font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">of</font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;"> Extrafarma (R$ 183 </font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">million</font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">, </font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">monetarily adjusted by CDI + 0.5% p.a. since August 2022, to be received in August 2024</font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">)</font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">.</font> <font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">These amounts are recorded in the &#8220;Trade receivables - sale of subsidiaries&#8221; line in the balance sheet of our consolidated financial statements</font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">.</font></p>
<p style="font-size: 9pt; line-height: 1.2; margin: 10pt 0pt; text-align: justify; text-indent: 0pt;"><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">We believe that these sources are sufficient to meet our current funding requirements, which include, but are not limited to, working capital, investments, amortization of debt and payment of dividends.</font></p>
<p style="font-size: 9pt; line-height: 1.2; margin: 10pt 0pt; text-align: justify; text-indent: 0pt;"><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">The table below presents a summary of the financial liabilities and leases payable as of December 31, </font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">2023</font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;"> by the Company and its subsidiaries, listed by maturity. The amounts disclosed in this table are the contractual undiscounted cash outflows, and, therefore, these amounts may be different from the amounts disclosed in the balance sheet</font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">.</font></p>



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<p style="font-size: 8pt; line-height: 130%; margin: 0px; text-align: center; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 8pt; font-weight: bold; line-height: inherit;">(</font><font style="font-family: 'Century Gothic'; font-size: 8pt; font-weight: bold; line-height: inherit;">R$ million</font><font style="font-family: 'Century Gothic'; font-size: 8pt; font-weight: bold; line-height: inherit;">)</font></p>







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<p style="font-size: 8pt; line-height: 130%; margin: 0px; text-align: center; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 8pt; font-weight: bold; line-height: inherit;">Up to 1 year</font></p>







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<p style="font-size: 8pt; line-height: 1.2; margin: 0px; text-align: center; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 8pt; font-weight: bold; line-height: inherit;">Between 1 and 3 years</font></p>







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<p style="font-size: 8pt; line-height: 1.2; margin: 0px; text-align: center; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 8pt; font-weight: bold; line-height: inherit;">Between 3 and 5 years</font></p>







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<p style="font-size: 8pt; line-height: 130%; margin: 0px; text-align: center; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 8pt; font-weight: bold; line-height: inherit;">More than 5 years</font></p>







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<p style="font-size: 8pt; line-height: 130%; margin: 0px; text-align: center; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 8pt; font-weight: bold; line-height: inherit;">Total</font></p>







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<p style="font-size: 8pt; line-height: 130%; margin: 0px; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">Loans including future contractual interest</font></p>







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<p style="font-size: 8pt; line-height: 130%; margin: 0px; text-align: center; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">2</font><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">,</font><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">363</font><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">.</font><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">3</font></p>







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<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 22px; width: 10%; margin: 0px; text-indent: 0px;">
<p style="font-size: 8pt; line-height: 130%; margin: 0px; text-align: center; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">4</font><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">,</font><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">870</font><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">.</font><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">6</font></p>







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<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 22px; width: 10%; margin: 0px; text-indent: 0px;">
<p style="font-size: 8pt; line-height: 130%; margin: 0px; text-align: center; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">3</font><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">,</font><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">258</font><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">.</font><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">0</font></p>







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<p style="font-size: 8pt; line-height: 130%; margin: 0px; text-align: center; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">2</font><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">,</font><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">918</font><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">.</font><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">1</font></p>







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<p style="font-size: 8pt; line-height: 130%; margin: 0px; text-align: center; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 8pt; font-weight: bold; line-height: inherit;">13</font><font style="font-family: 'Century Gothic'; font-size: 8pt; font-weight: bold; line-height: inherit;">,</font><font style="font-family: 'Century Gothic'; font-size: 8pt; font-weight: bold; line-height: inherit;">410</font><font style="font-family: 'Century Gothic'; font-size: 8pt; font-weight: bold; line-height: inherit;">.</font><font style="font-family: 'Century Gothic'; font-size: 8pt; font-weight: bold; line-height: inherit;">0</font></p>







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<p style="font-size: 8pt; line-height: 130%; margin: 0px; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">Derivative</font><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;"> financial</font><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;"> instruments</font></p>







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<p style="font-size: 8pt; line-height: 130%; margin: 0px; text-align: center; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">673</font><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">.</font><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">0</font></p>







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<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 22px; margin: 0px; text-indent: 0px;">
<p style="font-size: 8pt; line-height: 130%; margin: 0px; text-align: center; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">752</font><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">.</font><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">1</font></p>







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<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 22px; margin: 0px; text-indent: 0px;">
<p style="font-size: 8pt; line-height: 130%; margin: 0px; text-align: center; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">387</font><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">.</font><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">6</font></p>







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<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 22px; margin: 0px; text-indent: 0px;">
<p style="font-size: 8pt; line-height: 130%; margin: 0px; text-align: center; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">61</font><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">.</font><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">3</font></p>







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<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 22px; margin: 0px; text-indent: 0px;">
<p style="font-size: 8pt; line-height: 130%; margin: 0px; text-align: center; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 8pt; font-weight: bold; line-height: inherit;">1</font><font style="font-family: 'Century Gothic'; font-size: 8pt; font-weight: bold; line-height: inherit;">,</font><font style="font-family: 'Century Gothic'; font-size: 8pt; font-weight: bold; line-height: inherit;">874</font><font style="font-family: 'Century Gothic'; font-size: 8pt; font-weight: bold; line-height: inherit;">.</font><font style="font-family: 'Century Gothic'; font-size: 8pt; font-weight: bold; line-height: inherit;">1</font></p>







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<p style="font-size: 8pt; line-height: 130%; margin: 0px; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">Trade payables</font></p>







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<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 22px; margin: 0px; text-indent: 0px;">
<p style="font-size: 8pt; line-height: 130%; margin: 0px; text-align: center; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">4</font><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">,</font><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">682</font><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">.</font><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">7</font></p>







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<p style="font-size: 8pt; line-height: 130%; margin: 0px; text-align: center; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">-</font></p>







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<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 22px; margin: 0px; text-indent: 0px;">
<p style="font-size: 8pt; line-height: 130%; margin: 0px; text-align: center; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">-</font></p>







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<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 22px; margin: 0px; text-indent: 0px;">
<p style="font-size: 8pt; line-height: 130%; margin: 0px; text-align: center; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">-</font></p>







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<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 22px; margin: 0px; text-indent: 0px;">
<p style="font-size: 8pt; line-height: 130%; margin: 0px; text-align: center; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 8pt; font-weight: bold; line-height: inherit;">4</font><font style="font-family: 'Century Gothic'; font-size: 8pt; font-weight: bold; line-height: inherit;">,</font><font style="font-family: 'Century Gothic'; font-size: 8pt; font-weight: bold; line-height: inherit;">682</font><font style="font-family: 'Century Gothic'; font-size: 8pt; font-weight: bold; line-height: inherit;">.</font><font style="font-family: 'Century Gothic'; font-size: 8pt; font-weight: bold; line-height: inherit;">7</font></p>







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<p style="font-size: 8pt; line-height: 130%; margin: 0px; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">Trade payables &#8211; reverse factoring</font></p>







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<p style="font-size: 8pt; line-height: 130%; margin: 0px; text-align: center; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">1</font><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">,</font><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">039</font><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">.</font><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">4</font></p>







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<p style="font-size: 8pt; line-height: 130%; margin: 0px; text-align: center; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">-</font></p>







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<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 22px; margin: 0px; text-indent: 0px;">
<p style="font-size: 8pt; line-height: 130%; margin: 0px; text-align: center; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">-</font></p>







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<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 22px; margin: 0px; text-indent: 0px;">
<p style="font-size: 8pt; line-height: 130%; margin: 0px; text-align: center; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">-</font></p>







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<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 22px; margin: 0px; text-indent: 0px;">
<p style="font-size: 8pt; line-height: 130%; margin: 0px; text-align: center; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 8pt; font-weight: bold; line-height: inherit;">1</font><font style="font-family: 'Century Gothic'; font-size: 8pt; font-weight: bold; line-height: inherit;">,</font><font style="font-family: 'Century Gothic'; font-size: 8pt; font-weight: bold; line-height: inherit;">039</font><font style="font-family: 'Century Gothic'; font-size: 8pt; font-weight: bold; line-height: inherit;">.</font><font style="font-family: 'Century Gothic'; font-size: 8pt; font-weight: bold; line-height: inherit;">4</font></p>







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<p style="font-size: 8pt; line-height: 130%; margin: 0px; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">Leases payables</font></p>







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<p style="font-size: 8pt; line-height: 130%; margin: 0px; text-align: center; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">418</font><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">.</font><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">5</font></p>







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<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 22px; margin: 0px; text-indent: 0px;">
<p style="font-size: 8pt; line-height: 130%; margin: 0px; text-align: center; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">550</font><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">.</font><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">0</font></p>







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<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 22px; margin: 0px; text-indent: 0px;">
<p style="font-size: 8pt; line-height: 130%; margin: 0px; text-align: center; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">3</font><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">37</font><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">.</font><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">7</font></p>







</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 22px; margin: 0px; text-indent: 0px;">
<p style="font-size: 8pt; line-height: 130%; margin: 0px; text-align: center; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">1</font><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">,</font><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">003</font><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">.</font><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">7</font></p>







</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 22px; margin: 0px; text-indent: 0px;">
<p style="font-size: 8pt; line-height: 130%; margin: 0px; text-align: center; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 8pt; font-weight: bold; line-height: inherit;">2</font><font style="font-family: 'Century Gothic'; font-size: 8pt; font-weight: bold; line-height: inherit;">,</font><font style="font-family: 'Century Gothic'; font-size: 8pt; font-weight: bold; line-height: inherit;">309</font><font style="font-family: 'Century Gothic'; font-size: 8pt; font-weight: bold; line-height: inherit;">.</font><font style="font-family: 'Century Gothic'; font-size: 8pt; font-weight: bold; line-height: inherit;">8</font></p>







</td>







</tr>
<tr style="height: 22px; margin: 0px; text-indent: 0px;">
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 22px; margin: 0px; text-indent: 0px;">
<p style="font-size: 8pt; line-height: 130%; margin: 0px; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">Financial liabilities of customers</font></p>







</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 22px; margin: 0px; text-indent: 0px;">
<p style="font-size: 8pt; line-height: 130%; margin: 0px; text-align: center; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">18</font><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">.</font><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">7</font></p>







</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 22px; margin: 0px; text-indent: 0px;">
<p style="font-size: 8pt; line-height: 130%; margin: 0px; text-align: center; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">3</font><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">43</font><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">.</font><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">9</font></p>







</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 22px; margin: 0px; text-indent: 0px;">
<p style="font-size: 8pt; line-height: 130%; margin: 0px; text-align: center; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">-</font></p>







</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 22px; margin: 0px; text-indent: 0px;">
<p style="font-size: 8pt; line-height: 130%; margin: 0px; text-align: center; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">-</font></p>







</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 22px; margin: 0px; text-indent: 0px;">
<p style="font-size: 8pt; line-height: 130%; margin: 0px; text-align: center; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 8pt; font-weight: bold; line-height: inherit;">362</font><font style="font-family: 'Century Gothic'; font-size: 8pt; font-weight: bold; line-height: inherit;">.</font><font style="font-family: 'Century Gothic'; font-size: 8pt; font-weight: bold; line-height: inherit;">6</font></p>







</td>







</tr>
<tr style="height: 21px; margin: 0px; text-indent: 0px;">
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 21px; margin: 0px; text-indent: 0px;">
<p style="font-size: 8pt; line-height: 130%; margin: 0px; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">Contingent consideration</font></p>







</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 21px; margin: 0px; text-indent: 0px;">
<p style="font-size: 8pt; line-height: 130%; margin: 0px; text-align: center; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">-</font></p>







</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 21px; margin: 0px; text-indent: 0px;">
<p style="font-size: 8pt; line-height: 130%; margin: 0px; text-align: center; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">-</font></p>







</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 21px; margin: 0px; text-indent: 0px;">
<p style="font-size: 8pt; line-height: 130%; margin: 0px; text-align: center; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">112</font><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">.</font><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">2</font></p>







</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 21px; margin: 0px; text-indent: 0px;">
<p style="font-size: 8pt; line-height: 130%; margin: 0px; text-align: center; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">-</font></p>







</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 21px; margin: 0px; text-indent: 0px;">
<p style="font-size: 8pt; line-height: 130%; margin: 0px; text-align: center; text-indent: 0px;"><font style="font-weight: bold;"><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">112</font><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">.</font><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">2</font></font></p>







</td>







</tr>















</table>
<h1 style="font-size: 9pt; line-height: 130%; margin: 0px; text-align: justify; text-indent: 0px;"><br></h1>
<h1 style="font-size: 9pt; line-height: 130%; margin: 0px; text-align: justify; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold; line-height: inherit;">d.</font><font style="font-style: normal; font-variant: normal; font-kerning: auto; font-optical-sizing: auto; font-feature-settings: normal; font-variation-settings: normal; font-weight: normal; font-stretch: normal; font-size: 7pt; line-height: inherit; font-family: 'Times New Roman';">&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="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold; text-decoration: underline; line-height: inherit;">Funding sources used for working capital and investments in non-current </font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold; text-decoration: underline; line-height: inherit;">assets</font></h1>
<p style="font-size: 9pt; line-height: 1.2; margin: 10pt 0pt; text-align: justify; text-indent: 0pt;"><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">Ultrapar has resources to meet its cash needs by means of a combination of cash generated from operating activities and cash generated from financing activities, including new financing of debts and refinancing of some of the debts when they become due</font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">.</font></p>
<h1 style="font-size: 9pt; line-height: 130%; margin: 0px; text-align: justify; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold; line-height: inherit;">e.</font><font style="font-style: normal; font-variant: normal; font-kerning: auto; font-optical-sizing: auto; font-feature-settings: normal; font-variation-settings: normal; font-weight: normal; font-stretch: normal; font-size: 7pt; line-height: inherit; font-family: 'Times New Roman';">&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="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold; text-decoration: underline; line-height: inherit;">Funding sources for working capital and investments in non-current assets to be used in the event of liquidity </font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold; text-decoration: underline; line-height: inherit;">shortfalls</font></h1>
<p style="font-size: 9pt; line-height: 1.2; margin: 10pt 0pt; text-align: justify; text-indent: 0pt;"><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">We had no liquidity shortfalls in 2023. We believe that Ultrapar has own resources and operational cash generation sufficient to finance its working capital and investments estimated for 2024. In addition, if necessary, we have access to third party financing resources.</font></p>



</div>






</div><div style="font-family: 'times new roman', times; font-size: 10pt;">
<div style="line-height: 1.2;">
<div style="width: 8.5in; margin: 0 auto;">
<h1 style="font-size: 9pt; line-height: 130%; margin: 6pt 0pt 0pt 14.2pt; orphans: 0; text-align: justify; text-indent: -14.2pt; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold; line-height: inherit;">f.</font><font style="font-style: normal; font-variant: normal; font-kerning: auto; font-optical-sizing: auto; font-feature-settings: normal; font-variation-settings: normal; font-weight: normal; font-stretch: normal; font-size: 7pt; line-height: inherit; font-family: 'Times New Roman';">&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="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold; text-decoration: underline; line-height: inherit;">Indebtedness level and debt profile</font></h1>
<p style="font-size: 9pt; line-height: 1.2; margin: 6pt 0pt 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">For more information on indebtedness levels and the characteristics of the Company's debts, see note</font> <font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">15</font> <font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">to our</font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;"> 202</font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">3</font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;"> consolidated financial statements</font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">.</font></p>
<p style="font-size: 9pt; line-height: 1.2; margin: 0px; text-align: justify; text-indent: 0px;"><br></p>
<p style="font-size: 9pt; line-height: 1.2; margin: 0px; text-align: justify; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">Our gross debt was</font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;"> R$ </font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">11</font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">,</font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">750</font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">.</font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">4</font> <font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">million as of December 31, </font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">2022</font> <font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">compared to </font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">R$ </font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">11</font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">,</font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">768</font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">.</font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">0</font> <font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">million as of December 31, 2023. </font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">Our short-term debt was equivalent to </font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">29</font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">% </font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">of our gross debt for the year ended December 31, 2022</font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">, </font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">compared to 17% for the year ended December 31, 2023</font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">.</font></p>
<p style="font-size: 9pt; line-height: 1.2; margin: 0px; text-align: justify; text-indent: 0px;"><br></p>
<p style="font-size: 9pt; line-height: 1.2; margin: 0px; text-align: justify; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">The table below shows the breakdown </font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">of our</font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;"> gross debt as of December 31, 2023:</font></p>
<p style="font-size: 9pt; line-height: 1.2; margin: 0px; text-align: justify; text-indent: 0px;"><br></p>
<table cellspacing="0" cellpadding="0" style="border-collapse: collapse; margin-left: 0pt; font-family: 'times new roman'; font-size: 10pt; width: 100%; height: 362px;" width="100%">

<tr style="height: 10px;">
<td style="padding: 0px 4px; height: 10px; vertical-align: bottom; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;" valign="bottom">
<p style="font-size: 8pt; line-height: 1.2; margin: 6pt 0pt 0pt;"><font style="font-family: 'Century Gothic'; font-size: 8pt; font-weight: bold; line-height: inherit;">Loans</font></p>
<p style="font-size: 8pt; line-height: 1.2; margin: 6pt 0pt 0pt;"><font style="font-family: 'Century Gothic'; font-size: 8pt; font-weight: bold; line-height: inherit;">(</font><font style="font-family: 'Century Gothic'; font-size: 8pt; font-weight: bold; line-height: inherit;">R$ million</font><font style="font-family: 'Century Gothic'; font-size: 8pt; font-weight: bold; line-height: inherit;">)</font></p>











</td>
<td style="padding: 0px 4px; height: 10px; vertical-align: bottom; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;" valign="bottom">
<p style="font-size: 8pt; line-height: 130%; margin: 6pt 0pt 0pt; text-align: center;"><font style="font-family: 'Century Gothic'; font-size: 8pt; font-weight: bold; line-height: inherit;">Ind</font><font style="font-family: 'Century Gothic'; font-size: 8pt; font-weight: bold; line-height: inherit;">ex</font><font style="font-family: 'Century Gothic'; font-size: 8pt; font-weight: bold; line-height: inherit;">/ </font><font style="font-family: 'Century Gothic'; font-size: 8pt; font-weight: bold; line-height: inherit;">Currency</font></p>











</td>
<td style="padding: 0px 4px; height: 10px; vertical-align: bottom; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;" valign="bottom">
<p style="font-size: 8pt; line-height: 1.2; margin: 6pt 0pt 0pt; text-align: center;"><font style="font-family: 'Century Gothic'; font-size: 8pt; font-weight: bold; line-height: inherit;">Has a cross-default clause</font><font style="font-family: 'Century Gothic'; font-size: 5.33pt; font-weight: bold; vertical-align: super; line-height: inherit;">(1)</font></p>











</td>
<td colspan="2" style="padding: 0px 4px; height: 10px; vertical-align: bottom; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;" valign="bottom">
<p style="font-size: 8pt; line-height: 1.2; margin: 6pt 0pt 0pt; text-align: center;"><font style="font-family: 'Century Gothic'; font-size: 8pt; font-weight: bold; line-height: inherit;">Weighted average financial charges in </font><font style="font-family: 'Century Gothic'; font-size: 8pt; font-weight: bold; line-height: inherit;">202</font><font style="font-family: 'Century Gothic'; font-size: 8pt; font-weight: bold; line-height: inherit;">3</font></p>











</td>
<td style="padding: 0px 4px; height: 10px; vertical-align: bottom; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;" valign="bottom">
<p style="font-size: 8pt; line-height: 1.2; margin: 6pt 0pt 0pt; text-align: center;"><font style="font-family: 'Century Gothic'; font-size: 8pt; font-weight: bold; line-height: inherit;">Amount of principal and interest accounted for</font></p>











</td>











</tr>
<tr style="height: 10px;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; width: 52%;">
<p style="font-size: 8pt; line-height: 130%; margin: 6pt 0pt 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 8pt; font-weight: bold; line-height: inherit;">Foreign currency &#8211; denominated loans</font><font style="font-family: 'Century Gothic'; font-size: 8pt; font-weight: bold; line-height: inherit;">:</font></p>











</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; width: 12%;">
<p style="font-size: 8pt; line-height: 130%; margin: 6pt 0pt 0pt; text-align: justify;"><br></p>











</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 10px; width: 12%;">
<p style="font-size: 8pt; line-height: 130%; margin: 6pt 0pt 0pt; text-align: justify;"><br></p>











</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: bottom; height: 10px; width: 12%;" colspan="2">
<p style="font-size: 8pt; line-height: 130%; margin: 6pt 0pt 0pt; text-align: justify;"><br></p>











</td>
<td style="vertical-align: top; height: 10px; width: 12%;"></td>











</tr>
<tr style="height: 10px;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px;">
<p style="font-size: 8pt; line-height: 130%; margin: 6pt 0pt 0pt 10pt; text-indent: 0pt;"><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">Notes in the foreign market</font></p>











</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px;">
<p style="font-size: 8pt; line-height: 130%; margin: 6pt 0pt 0pt; text-align: center;"><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">US$</font></p>











</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px;">
<p style="font-size: 8pt; line-height: 130%; margin: 6pt 0pt 0pt; text-align: center;"><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">Yes</font></p>











</td>
<td colspan="2" style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px;">
<p style="font-size: 8pt; line-height: 130%; margin: 6pt 0pt 0pt; text-align: center;"><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">5</font><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">.</font><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">3%</font></p>











</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px;">
<p style="font-size: 8pt; line-height: 130%; margin: 6pt 0pt 0pt; text-align: center;"><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">3</font><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">,</font><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">694</font><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">.</font><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">3</font></p>











</td>











</tr>
<tr style="height: 10px;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px;">
<p style="font-size: 8pt; line-height: 130%; margin: 6pt 0pt 0pt; font-family: 'Century Gothic';"><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit; margin: 6pt 0pt 0pt 10pt; text-indent: 0pt;">Foreign <font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">loan</font></font></p>











</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px;">
<p style="font-size: 8pt; line-height: 130%; margin: 6pt 0pt 0pt; text-align: center;"><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">US$</font></p>











</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px;">
<p style="font-size: 8pt; line-height: 130%; margin: 6pt 0pt 0pt; text-align: center;"><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">Yes</font></p>











</td>
<td colspan="2" style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px;">
<p style="font-size: 8pt; line-height: 130%; margin: 6pt 0pt 0pt; text-align: center;"><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">4</font><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">.</font><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">6</font><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">%</font></p>











</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px;">
<p style="font-size: 8pt; line-height: 130%; margin: 6pt 0pt 0pt; text-align: center;"><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">970</font><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">.</font><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">2</font></p>











</td>











</tr>
<tr style="height: 21px;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 21px;">
<p style="font-size: 8pt; line-height: 130%; margin: 6pt 0pt 0pt 10pt; font-family: 'Century Gothic'; text-indent: 0pt;"><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit; margin: 6pt 0pt 0pt; text-indent: 0pt;"><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">Foreign</font> loan</font></p>











</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 21px;">
<p style="font-size: 8pt; line-height: 130%; margin: 6pt 0pt 0pt; text-align: center;"><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">US$</font></p>











</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 21px;">
<p style="font-size: 8pt; line-height: 130%; margin: 6pt 0pt 0pt; text-align: center;"><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">No</font></p>











</td>
<td colspan="2" style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 21px;">
<p style="font-size: 8pt; line-height: 130%; margin: 6pt 0pt 0pt; text-align: center;"><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">6</font><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">.</font><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">4%</font></p>











</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 21px;">
<p style="font-size: 8pt; line-height: 130%; margin: 6pt 0pt 0pt; text-align: center;"><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">48</font><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">.</font><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">3</font></p>











</td>











</tr>
<tr style="height: 21px;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 21px;">
<p style="font-size: 8pt; line-height: 130%; margin: 6pt 0pt 0pt; font-family: 'Century Gothic';"><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit; margin: 6pt 0pt 0pt 10pt; text-indent: 0pt;"><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">Foreign</font> loan</font></p>











</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 21px;">
<p style="font-size: 8pt; line-height: 130%; margin: 6pt 0pt 0pt; text-align: center;"><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">JPY</font></p>











</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 21px;">
<p style="font-size: 8pt; line-height: 130%; margin: 6pt 0pt 0pt; text-align: center;"><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">Yes</font></p>











</td>
<td colspan="2" style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 21px;">
<p style="font-size: 8pt; line-height: 130%; margin: 6pt 0pt 0pt; text-align: center;"><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">1</font><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">.</font><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">3%</font></p>











</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 21px;">
<p style="font-size: 8pt; line-height: 130%; margin: 6pt 0pt 0pt; text-align: center;"><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">439</font><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">.</font><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">9</font></p>











</td>











</tr>
<tr style="height: 21px;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 21px;">
<p style="font-size: 8pt; line-height: 130%; margin: 6pt 0pt 0pt; font-family: 'Century Gothic';"><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit; margin: 6pt 0pt 0pt 10pt; text-indent: 0pt;">Foreign <font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">loan</font></font></p>











</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 21px;">
<p style="font-size: 8pt; line-height: 130%; margin: 6pt 0pt 0pt; text-align: center;"><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">EUR$</font></p>











</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 21px;">
<p style="font-size: 8pt; line-height: 130%; margin: 6pt 0pt 0pt; text-align: center;"><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">No</font></p>











</td>
<td colspan="2" style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 21px;">
<p style="font-size: 8pt; line-height: 130%; margin: 6pt 0pt 0pt; text-align: center;"><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">4</font><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">.</font><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">4%</font></p>











</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 21px;">
<p style="font-size: 8pt; line-height: 130%; margin: 6pt 0pt 0pt; text-align: center;"><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">126</font><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">.</font><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">2</font></p>











</td>











</tr>
<tr style="height: 22px;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 22px;"></td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 22px;">
<p style="font-size: 8pt; line-height: 130%; margin: 6pt 0pt 0pt; text-align: justify;"><br></p>











</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 22px;">
<p style="font-size: 8pt; line-height: 130%; margin: 6pt 0pt 0pt; text-align: center;"><br></p>











</td>
<td colspan="2" style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 22px;">
<p style="font-size: 8pt; line-height: 130%; margin: 6pt 0pt 0pt; text-align: center;"><br></p>











</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 22px;">
<p style="font-size: 8pt; line-height: 130%; margin: 6pt 0pt 0pt; text-align: center;"><br></p>











</td>











</tr>
<tr style="height: 22px;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 22px;">
<p style="font-size: 8pt; line-height: 130%; margin: 6pt 0pt 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 8pt; font-weight: bold; line-height: inherit;">Brazilian Reais &#8211; denominated loans:</font></p>











</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 22px;">
<p style="font-size: 8pt; line-height: 130%; margin: 6pt 0pt 0pt; text-align: justify;"><br></p>











</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 22px;"></td>
<td colspan="2" style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 22px;"></td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 22px;"></td>











</tr>
<tr style="height: 21px;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 21px;">
<p style="font-size: 8pt; line-height: 130%; margin: 6pt 0pt 0pt 10pt; text-indent: 0pt; font-family: 'Century Gothic';"><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">Debentures &#8211; CRA</font></p>











</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 21px;">
<p style="font-size: 8pt; line-height: 130%; margin: 6pt 0pt 0pt; text-align: center;"><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">IPCA</font></p>











</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 21px;">
<p style="font-size: 8pt; line-height: 130%; margin: 6pt 0pt 0pt; text-align: center;"><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">Yes</font></p>











</td>
<td colspan="2" style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 21px;">
<p style="font-size: 8pt; line-height: 130%; margin: 6pt 0pt 0pt; text-align: center;"><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">5.1%</font></p>











</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 21px;">
<p style="font-size: 8pt; line-height: 130%; margin: 6pt 0pt 0pt; text-align: center;"><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">3,434.3</font></p>











</td>











</tr>
<tr style="height: 22px;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 22px;">
<p style="font-size: 8pt; line-height: 130%; margin: 6pt 0pt 0pt 10pt; text-indent: 0pt; font-family: 'Century Gothic';"><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;"><font style="line-height: inherit;">Debentures &#8211; Ultracargo Log&#237;stica </font><font style="line-height: inherit;">and</font> <font style="line-height: inherit;">Tequimar</font><font style="line-height: inherit;"> Vila do Conde</font></font></p>











</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 22px;">
<p style="font-size: 8pt; line-height: 130%; margin: 6pt 0pt 0pt; text-align: center;"><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">IPCA</font></p>











</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 22px;">
<p style="font-size: 8pt; line-height: 130%; margin: 6pt 0pt 0pt; text-align: center;"><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">Yes</font></p>











</td>
<td colspan="2" style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 22px;">
<p style="font-size: 8pt; line-height: 130%; margin: 6pt 0pt 0pt; text-align: center;"><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">4.1%</font></p>











</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 22px;">
<p style="font-size: 8pt; line-height: 130%; margin: 6pt 0pt 0pt; text-align: center;"><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">556.7</font></p>











</td>











</tr>
<tr style="height: 21px;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 21px;">
<p style="font-size: 8pt; line-height: 130%; margin: 6pt 0pt 0pt 10pt; text-indent: 0pt; font-family: 'Century Gothic';"><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">Bank credit note</font></p>











</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 21px;">
<p style="font-size: 8pt; line-height: 130%; margin: 6pt 0pt 0pt; text-align: center;"><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">DI</font></p>











</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 21px;">
<p style="font-size: 8pt; line-height: 130%; margin: 6pt 0pt 0pt; text-align: center;"><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">Yes</font></p>











</td>
<td colspan="2" style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 21px;">
<p style="font-size: 8pt; line-height: 130%; margin: 6pt 0pt 0pt; text-align: center;"><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">109.4%</font></p>











</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 21px;">
<p style="font-size: 8pt; line-height: 130%; margin: 6pt 0pt 0pt; text-align: center;"><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">552.4</font></p>











</td>











</tr>
<tr style="height: 21px;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 21px;">
<p style="font-size: 8pt; line-height: 130%; margin: 6pt 0pt 0pt 10pt; text-indent: 0pt; font-family: 'Century Gothic';"><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">Debentures &#8211; CRA</font></p>











</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 21px;">
<p style="font-size: 8pt; line-height: 130%; margin: 6pt 0pt 0pt; text-align: center;"><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">R$</font></p>











</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 21px;">
<p style="font-size: 8pt; line-height: 130%; margin: 6pt 0pt 0pt; text-align: center;"><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">Yes</font></p>











</td>
<td colspan="2" style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 21px;">
<p style="font-size: 8pt; line-height: 130%; margin: 6pt 0pt 0pt; text-align: center;"><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">11.2%</font></p>











</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 21px;">
<p style="font-size: 8pt; line-height: 130%; margin: 6pt 0pt 0pt; text-align: center;"><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">539.9</font></p>











</td>











</tr>
<tr style="height: 21px;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 21px;">
<p style="font-size: 8pt; line-height: 130%; margin: 6pt 0pt 0pt 10pt; text-indent: 0pt; font-family: 'Century Gothic';"><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">Debentures &#8211; CRA</font></p>











</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 21px;">
<p style="font-size: 8pt; line-height: 130%; margin: 6pt 0pt 0pt; text-align: center;"><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">DI</font></p>











</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 21px;">
<p style="font-size: 8pt; line-height: 130%; margin: 6pt 0pt 0pt; text-align: center;"><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">Yes</font></p>











</td>
<td colspan="2" style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 21px;">
<p style="font-size: 8pt; line-height: 130%; margin: 6pt 0pt 0pt; text-align: center;"><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">0.7%</font></p>











</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 21px;">
<p style="font-size: 8pt; line-height: 130%; margin: 6pt 0pt 0pt; text-align: center;"><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">488.3</font></p>











</td>











</tr>
<tr style="height: 21px;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 21px;">
<p style="font-size: 8pt; line-height: 130%; margin: 6pt 0pt 0pt 10pt; text-align: justify; text-indent: 0pt; font-family: 'Century Gothic';"><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">Agribusiness certificate of credit rights</font></p>











</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 21px;">
<p style="font-size: 8pt; line-height: 130%; margin: 6pt 0pt 0pt; text-align: center;"><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">DI</font></p>











</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 21px;">
<p style="font-size: 8pt; line-height: 130%; margin: 6pt 0pt 0pt; text-align: center;"><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">Yes</font></p>











</td>
<td colspan="2" style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 21px;">
<p style="font-size: 8pt; line-height: 130%; margin: 6pt 0pt 0pt; text-align: center;"><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">108.6%</font></p>











</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 21px;">
<p style="font-size: 8pt; line-height: 130%; margin: 6pt 0pt 0pt; text-align: center;"><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">201.8</font></p>











</td>











</tr>
<tr style="height: 21px;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 21px;">
<p style="font-size: 8pt; line-height: 130%; margin: 6pt 0pt 0pt 10pt; text-indent: 0pt; font-family: 'Century Gothic';"><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;"><font style="line-height: inherit;">Debentures &#8211; </font><font style="line-height: inherit;">Ultracargo</font> <font style="line-height: inherit;">Log&#237;stica</font></font></p>











</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 21px;">
<p style="font-size: 8pt; line-height: 130%; margin: 6pt 0pt 0pt; text-align: center;"><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">R$</font></p>











</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 21px;">
<p style="font-size: 8pt; line-height: 130%; margin: 6pt 0pt 0pt; text-align: center;"><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">Yes</font></p>











</td>
<td colspan="2" style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 21px;">
<p style="font-size: 8pt; line-height: 130%; margin: 6pt 0pt 0pt; text-align: center;"><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">6.5%</font></p>











</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 21px;">
<p style="font-size: 8pt; line-height: 130%; margin: 6pt 0pt 0pt; text-align: center;"><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">87.8</font></p>











</td>











</tr>
<tr style="height: 25px;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 25px;">
<p style="font-size: 8pt; line-height: 130%; margin: 6pt 0pt 0pt 10pt; text-indent: 0pt; font-family: 'Century Gothic';"><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">Research and projects financing (FINEP)</font></p>











</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 25px;">
<p style="font-size: 8pt; line-height: 130%; margin: 6pt 0pt 0pt; text-align: center;"><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">TJLP</font><font style="font-family: 'Century Gothic'; font-size: 5.33pt; vertical-align: super; line-height: inherit;">(2)</font></p>











</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 25px;">
<p style="font-size: 8pt; line-height: 130%; margin: 6pt 0pt 0pt; text-align: center;"><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">No</font></p>











</td>
<td colspan="2" style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 25px;">
<p style="font-size: 8pt; line-height: 130%; margin: 6pt 0pt 0pt; text-align: center;"><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">1</font><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">.</font><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">0%</font></p>











</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 25px;">
<p style="font-size: 8pt; line-height: 130%; margin: 6pt 0pt 0pt; text-align: center;"><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">1</font><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">.</font><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">3</font></p>











</td>











</tr>
<tr style="height: 22px;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 22px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="font-size: 8pt; line-height: 130%; margin: 6pt 0pt 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 8pt; font-weight: bold; line-height: inherit;">Total loans</font></p>











</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 22px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="font-size: 8pt; line-height: 130%; margin: 6pt 0pt 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">&nbsp;</font></p>











</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 22px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="font-size: 8pt; line-height: 130%; margin: 6pt 0pt 0pt; text-align: center;"><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">&nbsp;</font></p>











</td>
<td colspan="2" style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 22px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="font-size: 8pt; line-height: 130%; margin: 6pt 0pt 0pt; text-align: center;"><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">&nbsp;</font></p>











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<p style="font-size: 8pt; line-height: 130%; margin: 6pt 0pt 0pt; text-align: center;"><font style="font-family: 'Century Gothic'; font-size: 8pt; font-weight: bold; line-height: inherit;">11</font><font style="font-family: 'Century Gothic'; font-size: 8pt; font-weight: bold; line-height: inherit;">,</font><font style="font-family: 'Century Gothic'; font-size: 8pt; font-weight: bold; line-height: inherit;">141</font><font style="font-family: 'Century Gothic'; font-size: 8pt; font-weight: bold; line-height: inherit;">.</font><font style="font-family: 'Century Gothic'; font-size: 8pt; font-weight: bold; line-height: inherit;">3</font></p>











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<p style="font-size: 8pt; line-height: 130%; margin: 6pt 0pt 0pt; font-family: 'Century Gothic';"><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit; margin: 6pt 0pt 0pt 10pt; text-indent: 0pt;">Currency and <font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">interest-rate</font> hedging instruments result</font><font style="font-family: 'Century Gothic'; vertical-align: super; font-size: 5.33pt; line-height: inherit;">(3)</font></p>











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<p style="font-size: 8pt; line-height: 130%; margin: 6pt 0pt 0pt; text-align: center;"><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">626</font><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">.</font><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">7</font></p>











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<p style="font-size: 8pt; line-height: 130%; margin: 6pt 0pt 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 8pt; font-weight: bold; line-height: inherit;">Gross debt</font> </p>











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<p style="font-size: 8pt; line-height: 130%; margin: 6pt 0pt 0pt; text-align: center;"><font style="font-family: 'Century Gothic'; font-size: 8pt; font-weight: bold; line-height: inherit;">11</font><font style="font-family: 'Century Gothic'; font-size: 8pt; font-weight: bold; line-height: inherit;">,</font><font style="font-family: 'Century Gothic'; font-size: 8pt; font-weight: bold; line-height: inherit;">768</font><font style="font-family: 'Century Gothic'; font-size: 8pt; font-weight: bold; line-height: inherit;">.</font><font style="font-family: 'Century Gothic'; font-size: 8pt; font-weight: bold; line-height: inherit;">0</font></p>











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<p style="font-size: 7pt; line-height: 1.2; margin: 6pt 0pt 0pt; text-align: justify;"><font style="font-size: 7pt; line-height: inherit;"><font style="font-family: 'Century Gothic'; line-height: inherit;">&#185; </font><font style="font-family: 'Century Gothic'; line-height: inherit;">For more information on the terms of the cross-default clauses, see Item 2.</font><font style="font-family: 'Century Gothic'; line-height: inherit;">f.iv.</font><font style="font-family: 'Century Gothic'; line-height: inherit;"> Any restrictions imposed on the issuer, especially related to indebtedness </font><font style="font-family: 'Century Gothic'; line-height: inherit;">limits</font><font style="font-family: 'Century Gothic'; line-height: inherit;"> and contracting of new debts, distribution of dividends, disposal of assets, issuance of new securities and disposal of controlling equity stake, and whether or not the issuer has been in compliance therewith.</font></font></p>
<p style="font-size: 7pt; line-height: 1.2; margin: 0px; text-align: justify; text-indent: 0px;"><font style="font-size: 7pt; line-height: inherit;"><font style="font-family: 'Century Gothic'; line-height: inherit;">&#178; </font><font style="font-family: 'Century Gothic'; line-height: inherit;">TJLP (Long-term Interest Rate) = set by the National Monetary Council, the TJLP is the basic financing cost of <font style="font-style: italic;">Banco Nacional de </font></font><font style="font-style: italic;"><font style="font-family: 'Century Gothic'; line-height: inherit;">Desenvolvimento</font> <font style="font-family: 'Century Gothic'; line-height: inherit;">Econ&#244;mico</font></font><font style="font-family: 'Century Gothic'; line-height: inherit;"><font style="font-style: italic;"> e Social</font> (&#8220;BNDES&#8221;), the Brazilian Development Bank. On December 31, 2023, TJLP was fixed at 6.55% p.a.</font></font></p>
<p style="font-size: 7pt; line-height: 1.2; margin: 0px; text-align: justify; text-indent: 0px;"><font style="font-size: 7pt; line-height: inherit;"><font style="font-family: 'Century Gothic'; line-height: inherit;">&#179; </font><font style="font-family: 'Century Gothic'; line-height: inherit;">Accumulated losses </font><font style="font-family: 'Century Gothic'; line-height: inherit;">(</font><font style="font-family: 'Century Gothic'; line-height: inherit;">see note</font><font style="font-family: 'Century Gothic'; line-height: inherit;"> n&#186; 27.</font><font style="font-family: 'Century Gothic'; line-height: inherit;">g</font> <font style="font-family: 'Century Gothic'; line-height: inherit;">to our 2023 consolidated financial statements</font><font style="font-family: 'Century Gothic'; line-height: inherit;">).</font></font></p>
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<p style="font-size: 9pt; line-height: 1.2; margin: 6pt 0pt 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">For more information on the composition, </font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">movement</font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;"> and maturity of the Company&#8217;s debt, see note </font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">1</font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">5</font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">.a </font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">to our 2023 consolidated financial statements</font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">.</font></p>
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<p style="font-size: 9pt; line-height: 1.2; margin: 0px; text-indent: 0px;"><font style="font-family: Calibri; font-size: 10pt; font-weight: bold; letter-spacing: -0.05pt; line-height: inherit;">i.</font><font style="font-style: normal; font-variant: normal; font-kerning: auto; font-optical-sizing: auto; font-feature-settings: normal; font-variation-settings: normal; font-weight: normal; font-stretch: normal; font-size: 7pt; line-height: inherit; font-family: 'Times New Roman';">&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="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold; text-decoration: none; line-height: inherit;">Relevant loan and financing contracts</font> </p>
<p style="font-size: 9pt; line-height: 1.2; margin: 6pt 0pt 0pt;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold; text-decoration: underline; line-height: inherit;">Notes in the foreign market</font></p>
<p style="font-size: 9pt; line-height: 1.2; margin: 6pt 0pt 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">As of December 31, 2023, Ultrapar had R$ 3.7 billion in debt related to the issuance of notes in the foreign market, mark-to-market, all issued by Ultrapar International. For more information, see note 15.e to our 2023 consolidated financial statements.</font></p>
<p style="font-size: 9pt; line-height: 1.2; margin: 6pt 0pt 0pt;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold; text-decoration: underline; line-height: inherit;">Foreign loans</font></p>
<p style="font-size: 9pt; line-height: 1.2; margin: 6pt 0pt 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">As of December 31, 2023, Ultrapar had R$ 1.6 billion in debt related to external financing, mark-to-market, issued by </font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">Ultragaz</font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;"> and Iconic. For more information, see note 15.f to our 2023 co</font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">n</font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">solidated financial statements.</font></p>
<p style="font-size: 9pt; line-height: 1.2; margin: 6pt 0pt 0pt;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold; text-decoration: underline; line-height: inherit;">Deb</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold; text-decoration: underline; line-height: inherit;">e</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold; text-decoration: underline; line-height: inherit;">ntures</font></p>
<p style="font-size: 9pt; line-height: 1.2; margin: 6pt 0pt 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">As of December 31, 2023, Ultrapar had R$ 5.1 billion in debt related to the issuance of debentures, mark-to-market. Out of this amount, R$ 4.5 billion and R$ 0.6 billion were owned by </font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">Ipiranga</font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;"> and </font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">Ultracargo</font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">, respectively. For more information, see note 15.d to our 2023 consolidated financial statements.</font></p>
<p style="font-size: 9pt; line-height: 1.2; margin: 6pt 0pt 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">For more information on our debt profile, hedging derivative financial instruments, </font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">risks</font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;"> and financial instruments, see notes 15 and 27 to our 2023 consolidated financial statements</font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">.</font></p>
<p style="font-size: 9pt; line-height: 1.2; margin: 6pt 0pt 0pt;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold; text-decoration: underline; line-height: inherit;">Leases payable</font></p>
<p style="font-size: 9pt; line-height: 1.2; margin: 6pt 0pt 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">As of December 31, 2023, Ultrapar had R$ 1.5 billion in leases payable. For more information, see note 12.b to our 2023 consolidated financial statements.</font></p>
<p style="font-size: 9pt; line-height: 1.2; margin: 0px; text-align: justify; text-indent: 0px;"><br></p>
<h1 style="font-size: 9pt; line-height: 130%; margin: 0px; text-indent: 0px;"><font style="font-family: Calibri; font-size: 10pt; font-weight: bold; letter-spacing: -0.05pt; line-height: inherit;">ii.</font><font style="font-style: normal; font-variant: normal; font-kerning: auto; font-optical-sizing: auto; font-feature-settings: normal; font-variation-settings: normal; font-weight: normal; font-stretch: normal; font-size: 7pt; line-height: inherit; font-family: 'Times New Roman';">&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="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold; text-decoration: none; line-height: inherit;">Other long-term relationships with financial institutions</font></h1>
<p style="font-size: 9pt; line-height: 1.2; margin: 6pt 0pt 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">In addition to the relationships mentioned in items 2.1.f.i. Relevant loan and financing contracts and 2.1.g. Limits of use of contracted loans and financing, Ultrapar maintains long term relationships with financial institutions in connection with the ordinary course of the businesses, such </font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">as the payroll of its employees, credit and collection, acquisition, payments and currency and interest rate hedging instruments</font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">.</font></p>
<p style="font-size: 9pt; line-height: 1.2; margin: 0px; text-align: justify; text-indent: 0px;"><br></p>
<h1 style="font-size: 9pt; line-height: 130%; margin: 0px; text-indent: 0px;"><font style="font-family: Calibri; font-size: 10pt; font-weight: bold; letter-spacing: -0.05pt; line-height: inherit;">iii.</font><font style="font-style: normal; font-variant: normal; font-kerning: auto; font-optical-sizing: auto; font-feature-settings: normal; font-variation-settings: normal; font-weight: normal; font-stretch: normal; font-size: 7pt; line-height: inherit; font-family: 'Times New Roman';">&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="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold; text-decoration: none; line-height: inherit;">Subordination level of debts</font></h1>
<p style="font-size: 9pt; line-height: 1.2; margin: 6pt 0pt 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">The financings do not have collateral as of December 31, 202</font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">3</font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">, and have guarantees and promissory notes in the amount of R$ </font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">10,966.9</font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;"> million as of December 31, 202</font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">3</font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">.</font></p>
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<p style="font-size: 9pt; line-height: 1.2; margin: 0px; text-align: justify; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">Ultrapar and its subsidiaries offer collateral in the form of letters of guarantee for commercial and legal proceedings in the amount of R$ </font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">103.6 </font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">million as of December 31, 202</font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">3.</font></p>
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<h1 style="font-size: 9pt; line-height: 130%; margin: 0px; text-indent: 0px; text-align: justify;"><font style="font-family: Calibri; font-size: 10pt; font-weight: bold; letter-spacing: -0.05pt; line-height: inherit;">iv.</font><font style="font-style: normal; font-variant: normal; font-kerning: auto; font-optical-sizing: auto; font-feature-settings: normal; font-variation-settings: normal; font-weight: normal; font-stretch: normal; font-size: 7pt; line-height: inherit; font-family: 'Times New Roman';">&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="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold; text-decoration: none; line-height: inherit;">Any restrictions imposed on the issuer, especially related to indebtedness limits and contracting new debts, distribution of dividends, disposal of assets, issuance of new securities and disposal of a controlling equity stake, and whether or not the issuer has been in compliance </font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold; text-decoration: none; line-height: inherit;">therewith</font></h1>
<p style="font-size: 9pt; line-height: 1.2; margin: 6pt 0pt 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">As a result of issuing notes in the foreign market, Ultrapar and its subsidiaries are required to perform certain obligations, including</font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">:</font></p>
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<td style="width: 2.28825%; vertical-align: top;" valign="top"><font style="color: #000000; font-family: 'Century Gothic'; font-size: 12px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important; line-height: inherit;">&#8226;</font></td>
<td style="width: 97.7118%;"><font style="color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">Restrictions on sale of all or almost all of the assets of Ultrapar and its subsidiaries Ultrapar International and<font style="line-height: inherit;">&nbsp;</font></font><font style="color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">Ipiranga</font><font style="color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">;</font></td>











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<td style="width: 2.28825%; vertical-align: top;" valign="top"><font style="color: #000000; font-family: 'Century Gothic'; font-size: 12px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important; line-height: inherit;">&#8226;</font></td>
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<p style="text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">Restriction of encumbrances on assets exceeding US$ 150.0 million<font style="line-height: inherit;">&nbsp;</font></font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">(</font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">equivalent to R$ 726.2 million on December 31, 2023) or 15% of the value of consolidated tangible assets</font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">.</font></p>











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<p style="font-size: 9pt; line-height: 1.2; margin: 0pt 0pt 10pt; text-align: justify; text-indent: 0pt;"><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">Ultrapar and its subsidiaries </font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">are in compliance with</font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;"> the commitments required by this debt. The restrictions imposed on </font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">Ultrapar</font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;"> and its subsidiaries are usual in operations of this nature and have not limited their ability to conduct their businesses so far</font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">.</font></p>






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<p style="font-size: 9pt; line-height: 1.2; margin: 0px; text-align: justify; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">All issuances by Ultrapar and its subsidiaries, which make up 100% of its gross debt, have cross-default clauses, as detailed in Item 2.f.</font> <font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">It is worth mentioning that the clauses in the financing raised by the subsidiaries Iconic, in the amount of R$ 174.4 million, and NEOg&#225;s, in the amount of R$ 1.2 million, do not affect other Ultrapar contracts. We also clarify that the cross-default of each </font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">of the contracts is subject to the specific terms, conditions, and limits of each contract.</font></p>
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<h1 style="font-size: 9pt; line-height: 130%; margin: 0px; text-align: justify; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold; line-height: inherit;">g.</font><font style="font-style: normal; font-variant: normal; font-kerning: auto; font-optical-sizing: auto; font-feature-settings: normal; font-variation-settings: normal; font-weight: normal; font-stretch: normal; font-size: 7pt; line-height: inherit; font-family: 'Times New Roman';">&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="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold; text-decoration: underline; line-height: inherit;">Limits of use of contracted financing and percentages already </font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold; text-decoration: underline; line-height: inherit;">used</font></h1>
<p style="font-size: 9pt; line-height: 1.2; margin: 6pt 0pt 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">Not applicable.</font></p>
<h1 style="font-size: 9pt; line-height: 130%; margin: 6pt 0pt 0pt 14.2pt; orphans: 0; text-align: justify; text-indent: -14.2pt; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold; line-height: inherit;">h.</font><font style="font-style: normal; font-variant: normal; font-kerning: auto; font-optical-sizing: auto; font-feature-settings: normal; font-variation-settings: normal; font-weight: normal; font-stretch: normal; font-size: 7pt; line-height: inherit; font-family: 'Times New Roman';">&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="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold; text-decoration: underline; line-height: inherit;">Main changes in each term of the financial statements and cash flow</font></h1>
<p style="font-size: 9pt; line-height: 1.2; margin: 6pt 0pt 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold; line-height: inherit;">Main changes in the consolidated statements of income for the year ended December 31, </font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold; line-height: inherit;">202</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold; line-height: inherit;">3</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold; line-height: inherit;"> compared with the year ended December 31, 202</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold; line-height: inherit;">2</font></p>
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<table cellspacing="0" cellpadding="0" style="border-collapse: collapse; margin: 0px auto; font-family: 'times new roman'; font-size: 10pt; height: 389px; width: 100%;" width="100%">

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<p style="font-size: 8pt; line-height: 130%; margin: 6pt 0pt 0pt; orphans: 0; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">&nbsp;</font></p>











</td>
<td style="vertical-align: middle; height: 43px;">
<p style="font-size: 8pt; line-height: 1.2; margin: 6pt 0pt 0pt; text-align: center;"><font style="font-family: 'Century Gothic'; font-size: 8pt; font-weight: bold; line-height: inherit;">Year </font><font style="font-family: 'Century Gothic'; font-size: 8pt; font-weight: bold; line-height: inherit;">ending</font> <font style="font-family: 'Century Gothic'; font-size: 8pt; font-weight: bold; line-height: inherit;">December</font><font style="font-family: 'Century Gothic'; font-size: 8pt; font-weight: bold; line-height: inherit;"> 31,</font><font style="font-family: 'Century Gothic'; font-size: 8pt; font-weight: bold; line-height: inherit;"> 202</font><font style="font-family: 'Century Gothic'; font-size: 8pt; font-weight: bold; line-height: inherit;">3</font></p>











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<p style="font-size: 8pt; line-height: 1.2; margin: 6pt 0pt 0pt; text-align: center;"><font style="font-family: 'Century Gothic'; font-size: 8pt; font-weight: bold; line-height: inherit;">% net revenues from services</font></p>











</td>
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<p style="font-size: 8pt; line-height: 1.2; margin: 6pt 0pt 0pt; text-align: center;"><font style="font-family: 'Century Gothic'; font-size: 8pt; font-weight: bold; line-height: inherit;">Year ending December 31, 2022</font></p>











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<p style="font-size: 8pt; line-height: 1.2; margin: 6pt 0pt 0pt; text-align: center;"><font style="font-family: 'Century Gothic'; font-size: 8pt; font-weight: bold; line-height: inherit;">% net revenues from services</font></p>











</td>
<td style="vertical-align: middle; height: 43px;">
<p style="font-size: 8pt; line-height: 1.2; margin: 6pt 0pt 0pt; text-align: center;"><font style="font-family: 'Century Gothic'; font-size: 8pt; font-weight: bold; line-height: inherit;">&#8710;(%)</font></p>
<p style="font-size: 8pt; line-height: 1.2; margin: 6pt 0pt 0pt; text-align: center;"><font style="font-family: 'Century Gothic'; font-size: 8pt; font-weight: bold; line-height: inherit;">202</font><font style="font-family: 'Century Gothic'; font-size: 8pt; font-weight: bold; line-height: inherit;">3</font><font style="font-family: 'Century Gothic'; font-size: 8pt; font-weight: bold; line-height: inherit;"> vs 202</font><font style="font-family: 'Century Gothic'; font-size: 8pt; font-weight: bold; line-height: inherit;">2</font></p>











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<tr style="height: 21px;">
<td style="vertical-align: middle; width: 40%; height: 21px;">
<p style="font-size: 8pt; line-height: 130%; margin: 6pt 0pt 0pt; orphans: 0; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">Net revenues from sales and services</font></p>











</td>
<td style="vertical-align: middle; width: 12%; height: 21px;">
<p style="font-size: 8pt; line-height: 130%; margin: 6pt 0pt 0pt; orphans: 0; text-align: center; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">126</font><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">,</font><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">048</font><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">.</font><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">7</font></p>











</td>
<td style="vertical-align: middle; width: 12%; height: 21px;">
<p style="font-size: 8pt; line-height: 130%; margin: 6pt 0pt 0pt; orphans: 0; text-align: center; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">100%</font></p>











</td>
<td style="vertical-align: middle; width: 12%; height: 21px;">
<p style="font-size: 8pt; line-height: 130%; margin: 6pt 0pt 0pt; orphans: 0; text-align: center; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">143</font><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">,</font><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">634</font><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">.</font><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">7</font></p>











</td>
<td style="vertical-align: middle; width: 12%; height: 21px;">
<p style="font-size: 8pt; line-height: 130%; margin: 6pt 0pt 0pt; orphans: 0; text-align: center; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">100%</font></p>











</td>
<td style="vertical-align: middle; width: 12%; height: 21px;">
<p style="font-size: 8pt; line-height: 130%; margin: 6pt 0pt 0pt; orphans: 0; text-align: center; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">(12</font><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">%</font><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">)</font></p>











</td>











</tr>
<tr style="height: 21px;">
<td style="vertical-align: middle; height: 21px;">
<p style="font-size: 8pt; line-height: 130%; margin: 6pt 0pt 0pt; orphans: 0; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">Costs of products sold and services provided</font></p>











</td>
<td style="vertical-align: middle; height: 21px;">
<p style="font-size: 8pt; line-height: 130%; margin: 6pt 0pt 0pt; orphans: 0; text-align: center; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">(1</font><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">16</font><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">,</font><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">730</font><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">.</font><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">5</font><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">)</font></p>











</td>
<td style="vertical-align: middle; height: 21px;">
<p style="font-size: 8pt; line-height: 130%; margin: 6pt 0pt 0pt; orphans: 0; text-align: center; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">9</font><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">3</font><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">%</font></p>











</td>
<td style="vertical-align: middle; height: 21px;">
<p style="font-size: 8pt; line-height: 130%; margin: 6pt 0pt 0pt; orphans: 0; text-align: center; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">(136</font><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">,</font><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">276</font><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">.</font><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">3)</font></p>











</td>
<td style="vertical-align: middle; height: 21px;">
<p style="font-size: 8pt; line-height: 130%; margin: 6pt 0pt 0pt; orphans: 0; text-align: center; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">95%</font></p>











</td>
<td style="vertical-align: middle; height: 21px;">
<p style="font-size: 8pt; line-height: 130%; margin: 6pt 0pt 0pt; orphans: 0; text-align: center; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">(14%)</font></p>











</td>











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<tr style="height: 22px;">
<td style="vertical-align: middle; height: 22px;">
<p style="font-size: 8pt; line-height: 130%; margin: 6pt 0pt 0pt; orphans: 0; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 8pt; font-weight: bold; line-height: inherit;">Gross profit</font></p>











</td>
<td style="vertical-align: middle; height: 22px;">
<p style="font-size: 8pt; line-height: 130%; margin: 6pt 0pt 0pt; orphans: 0; text-align: center; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 8pt; font-weight: bold; line-height: inherit;">9</font><font style="font-family: 'Century Gothic'; font-size: 8pt; font-weight: bold; line-height: inherit;">,</font><font style="font-family: 'Century Gothic'; font-size: 8pt; font-weight: bold; line-height: inherit;">318</font><font style="font-family: 'Century Gothic'; font-size: 8pt; font-weight: bold; line-height: inherit;">.</font><font style="font-family: 'Century Gothic'; font-size: 8pt; font-weight: bold; line-height: inherit;">2</font></p>











</td>
<td style="vertical-align: middle; height: 22px;">
<p style="font-size: 8pt; line-height: 130%; margin: 6pt 0pt 0pt; orphans: 0; text-align: center; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 8pt; font-weight: bold; line-height: inherit;">7</font><font style="font-family: 'Century Gothic'; font-size: 8pt; font-weight: bold; line-height: inherit;">%</font></p>











</td>
<td style="vertical-align: middle; height: 22px;">
<p style="font-size: 8pt; line-height: 130%; margin: 6pt 0pt 0pt; orphans: 0; text-align: center; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 8pt; font-weight: bold; line-height: inherit;">7</font><font style="font-family: 'Century Gothic'; font-size: 8pt; font-weight: bold; line-height: inherit;">,</font><font style="font-family: 'Century Gothic'; font-size: 8pt; font-weight: bold; line-height: inherit;">358</font><font style="font-family: 'Century Gothic'; font-size: 8pt; font-weight: bold; line-height: inherit;">.</font><font style="font-family: 'Century Gothic'; font-size: 8pt; font-weight: bold; line-height: inherit;">4</font></p>











</td>
<td style="vertical-align: middle; height: 22px;">
<p style="font-size: 8pt; line-height: 130%; margin: 6pt 0pt 0pt; orphans: 0; text-align: center; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 8pt; font-weight: bold; line-height: inherit;">5%</font></p>











</td>
<td style="vertical-align: middle; height: 22px;">
<p style="font-size: 8pt; line-height: 130%; margin: 6pt 0pt 0pt; orphans: 0; text-align: center; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 8pt; font-weight: bold; line-height: inherit;">27</font><font style="font-family: 'Century Gothic'; font-size: 8pt; font-weight: bold; line-height: inherit;">%</font></p>











</td>











</tr>
<tr style="height: 21px;">
<td style="vertical-align: middle; height: 21px;">
<p style="font-size: 8pt; line-height: 130%; margin: 6pt 0pt 0pt; orphans: 0; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">Sales, general and administrative expenses</font></p>











</td>
<td style="vertical-align: middle; height: 21px;">
<p style="font-size: 8pt; line-height: 130%; margin: 6pt 0pt 0pt; orphans: 0; text-align: center; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">(</font><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">4</font><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">,</font><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">271</font><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">.</font><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">4</font><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">)</font></p>











</td>
<td style="vertical-align: middle; height: 21px;">
<p style="font-size: 8pt; line-height: 130%; margin: 6pt 0pt 0pt; orphans: 0; text-align: center; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">3%</font></p>











</td>
<td style="vertical-align: middle; height: 21px;">
<p style="font-size: 8pt; line-height: 130%; margin: 6pt 0pt 0pt; orphans: 0; text-align: center; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">(3</font><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">,</font><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">676</font><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">.</font><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">5)</font></p>











</td>
<td style="vertical-align: middle; height: 21px;">
<p style="font-size: 8pt; line-height: 130%; margin: 6pt 0pt 0pt; orphans: 0; text-align: center; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">3%</font></p>











</td>
<td style="vertical-align: middle; height: 21px;">
<p style="font-size: 8pt; line-height: 130%; margin: 6pt 0pt 0pt; orphans: 0; text-align: center; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">16</font><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">%</font></p>











</td>











</tr>
<tr style="height: 21px;">
<td style="vertical-align: middle; height: 21px;">
<p style="font-size: 8pt; line-height: 130%; margin: 6pt 0pt 0pt; orphans: 0; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">Other operating income, net</font></p>











</td>
<td style="vertical-align: middle; height: 21px;">
<p style="font-size: 8pt; line-height: 130%; margin: 6pt 0pt 0pt; orphans: 0; text-align: center; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">(</font><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">602</font><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">.</font><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">9</font><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">)</font></p>











</td>
<td style="vertical-align: middle; height: 21px;">
<p style="font-size: 8pt; line-height: 130%; margin: 6pt 0pt 0pt; orphans: 0; text-align: center; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">0%</font></p>











</td>
<td style="vertical-align: middle; height: 21px;">
<p style="font-size: 8pt; line-height: 130%; margin: 6pt 0pt 0pt; orphans: 0; text-align: center; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">(514</font><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">.</font><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">5)</font></p>











</td>
<td style="vertical-align: middle; height: 21px;">
<p style="font-size: 8pt; line-height: 130%; margin: 6pt 0pt 0pt; orphans: 0; text-align: center; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">0%</font></p>











</td>
<td style="vertical-align: middle; height: 21px;">
<p style="font-size: 8pt; line-height: 130%; margin: 6pt 0pt 0pt; orphans: 0; text-align: center; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">17%</font></p>











</td>











</tr>
<tr style="height: 21px;">
<td style="vertical-align: middle; height: 21px;">
<p style="font-size: 8pt; line-height: 130%; margin: 6pt 0pt 0pt; orphans: 0; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">Results from disposal of assets</font></p>











</td>
<td style="vertical-align: middle; height: 21px;">
<p style="font-size: 8pt; line-height: 130%; margin: 6pt 0pt 0pt; orphans: 0; text-align: center; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">121</font><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">.</font><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">9</font></p>











</td>
<td style="vertical-align: middle; height: 21px;">
<p style="font-size: 8pt; line-height: 130%; margin: 6pt 0pt 0pt; orphans: 0; text-align: center; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">0%</font></p>











</td>
<td style="vertical-align: middle; height: 21px;">
<p style="font-size: 8pt; line-height: 130%; margin: 6pt 0pt 0pt; orphans: 0; text-align: center; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">169</font><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">.</font><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">3</font></p>











</td>
<td style="vertical-align: middle; height: 21px;">
<p style="font-size: 8pt; line-height: 130%; margin: 6pt 0pt 0pt; orphans: 0; text-align: center; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">0%</font></p>











</td>
<td style="vertical-align: middle; height: 21px;">
<p style="font-size: 8pt; line-height: 130%; margin: 6pt 0pt 0pt; orphans: 0; text-align: center; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">(</font><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">2</font><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">8%)</font></p>











</td>











</tr>
<tr style="height: 22px;">
<td style="vertical-align: middle; height: 22px;">
<p style="font-size: 8pt; line-height: 130%; margin: 6pt 0pt 0pt; orphans: 0; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 8pt; font-weight: bold; line-height: inherit;">Operating income</font></p>











</td>
<td style="vertical-align: middle; height: 22px;">
<p style="font-size: 8pt; line-height: 130%; margin: 6pt 0pt 0pt; orphans: 0; text-align: center; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 8pt; font-weight: bold; line-height: inherit;">4</font><font style="font-family: 'Century Gothic'; font-size: 8pt; font-weight: bold; line-height: inherit;">,</font><font style="font-family: 'Century Gothic'; font-size: 8pt; font-weight: bold; line-height: inherit;">565</font><font style="font-family: 'Century Gothic'; font-size: 8pt; font-weight: bold; line-height: inherit;">.</font><font style="font-family: 'Century Gothic'; font-size: 8pt; font-weight: bold; line-height: inherit;">9</font></p>











</td>
<td style="vertical-align: middle; height: 22px;">
<p style="font-size: 8pt; line-height: 130%; margin: 6pt 0pt 0pt; orphans: 0; text-align: center; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 8pt; font-weight: bold; line-height: inherit;">4</font><font style="font-family: 'Century Gothic'; font-size: 8pt; font-weight: bold; line-height: inherit;">%</font></p>











</td>
<td style="vertical-align: middle; height: 22px;">
<p style="font-size: 8pt; line-height: 130%; margin: 6pt 0pt 0pt; orphans: 0; text-align: center; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 8pt; font-weight: bold; line-height: inherit;">3</font><font style="font-family: 'Century Gothic'; font-size: 8pt; font-weight: bold; line-height: inherit;">,</font><font style="font-family: 'Century Gothic'; font-size: 8pt; font-weight: bold; line-height: inherit;">336</font><font style="font-family: 'Century Gothic'; font-size: 8pt; font-weight: bold; line-height: inherit;">.</font><font style="font-family: 'Century Gothic'; font-size: 8pt; font-weight: bold; line-height: inherit;">8</font></p>











</td>
<td style="vertical-align: middle; height: 22px;">
<p style="font-size: 8pt; line-height: 130%; margin: 6pt 0pt 0pt; orphans: 0; text-align: center; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 8pt; font-weight: bold; line-height: inherit;">2%</font></p>











</td>
<td style="vertical-align: middle; height: 22px;">
<p style="font-size: 8pt; line-height: 130%; margin: 6pt 0pt 0pt; orphans: 0; text-align: center; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 8pt; font-weight: bold; line-height: inherit;">37</font><font style="font-family: 'Century Gothic'; font-size: 8pt; font-weight: bold; line-height: inherit;">%</font></p>











</td>











</tr>
<tr style="height: 21px;">
<td style="vertical-align: middle; height: 21px;">
<p style="font-size: 8pt; line-height: 130%; margin: 6pt 0pt 0pt; orphans: 0; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">Financial result</font></p>











</td>
<td style="vertical-align: middle; height: 21px;">
<p style="font-size: 8pt; line-height: 130%; margin: 6pt 0pt 0pt; orphans: 0; text-align: center; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">(</font><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">999</font><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">.</font><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">1</font><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">)</font></p>











</td>
<td style="vertical-align: middle; height: 21px;">
<p style="font-size: 8pt; line-height: 130%; margin: 6pt 0pt 0pt; orphans: 0; text-align: center; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">1%</font></p>











</td>
<td style="vertical-align: middle; height: 21px;">
<p style="font-size: 8pt; line-height: 130%; margin: 6pt 0pt 0pt; orphans: 0; text-align: center; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">(1</font><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">,</font><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">469</font><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">.</font><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">2)</font></p>











</td>
<td style="vertical-align: middle; height: 21px;">
<p style="font-size: 8pt; line-height: 130%; margin: 6pt 0pt 0pt; orphans: 0; text-align: center; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">1%</font></p>











</td>
<td style="vertical-align: middle; height: 21px;">
<p style="font-size: 8pt; line-height: 130%; margin: 6pt 0pt 0pt; orphans: 0; text-align: center; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">(32</font><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">%</font><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">)</font></p>











</td>











</tr>
<tr style="height: 21px;">
<td style="vertical-align: middle; height: 21px;">
<p style="font-size: 8pt; line-height: 130%; margin: 6pt 0pt 0pt; orphans: 0; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">Income and social contribution taxes</font></p>











</td>
<td style="vertical-align: middle; height: 21px;">
<p style="font-size: 8pt; line-height: 130%; margin: 6pt 0pt 0pt; orphans: 0; text-align: center; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">(</font><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">1</font><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">,</font><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">060</font><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">.</font><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">9</font><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">)</font></p>











</td>
<td style="vertical-align: middle; height: 21px;">
<p style="font-size: 8pt; line-height: 130%; margin: 6pt 0pt 0pt; orphans: 0; text-align: center; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">1</font><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">%</font></p>











</td>
<td style="vertical-align: middle; height: 21px;">
<p style="font-size: 8pt; line-height: 130%; margin: 6pt 0pt 0pt; orphans: 0; text-align: center; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">(341</font><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">.</font><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">5)</font></p>











</td>
<td style="vertical-align: middle; height: 21px;">
<p style="font-size: 8pt; line-height: 130%; margin: 6pt 0pt 0pt; orphans: 0; text-align: center; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">0%</font></p>











</td>
<td style="vertical-align: middle; height: 21px;">
<p style="font-size: 8pt; line-height: 130%; margin: 6pt 0pt 0pt; orphans: 0; text-align: center; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">211</font><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">%</font></p>











</td>











</tr>
<tr style="height: 21px;">
<td style="vertical-align: middle; height: 21px;">
<p style="font-size: 8pt; line-height: 130%; margin: 6pt 0pt 0pt; orphans: 0; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">Share of profit (loss) of subsidiaries, joint </font><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">ventures</font><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;"> and associates</font></p>











</td>
<td style="vertical-align: middle; height: 21px;">
<p style="font-size: 8pt; line-height: 130%; margin: 6pt 0pt 0pt; orphans: 0; text-align: center; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">1</font><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">1</font><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">.</font><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">9</font></p>











</td>
<td style="vertical-align: middle; height: 21px;">
<p style="font-size: 8pt; line-height: 130%; margin: 6pt 0pt 0pt; orphans: 0; text-align: center; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">0%</font></p>











</td>
<td style="vertical-align: middle; height: 21px;">
<p style="font-size: 8pt; line-height: 130%; margin: 6pt 0pt 0pt; orphans: 0; text-align: center; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">12</font><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">.</font><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">2</font></p>











</td>
<td style="vertical-align: middle; height: 21px;">
<p style="font-size: 8pt; line-height: 130%; margin: 6pt 0pt 0pt; orphans: 0; text-align: center; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">0%</font></p>











</td>
<td style="vertical-align: middle; height: 21px;">
<p style="font-size: 8pt; line-height: 130%; margin: 6pt 0pt 0pt; orphans: 0; text-align: center; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">(2%)</font></p>











</td>











</tr>
<tr style="height: 22px;">
<td style="vertical-align: middle; height: 22px;">
<p style="font-size: 8pt; line-height: 130%; margin: 6pt 0pt 0pt; orphans: 0; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 8pt; font-weight: bold; line-height: inherit;">Net income from continuing operations</font></p>











</td>
<td style="vertical-align: middle; height: 22px;">
<p style="font-size: 8pt; line-height: 130%; margin: 6pt 0pt 0pt; orphans: 0; text-align: center; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 8pt; font-weight: bold; line-height: inherit;">2</font><font style="font-family: 'Century Gothic'; font-size: 8pt; font-weight: bold; line-height: inherit;">,</font><font style="font-family: 'Century Gothic'; font-size: 8pt; font-weight: bold; line-height: inherit;">517</font><font style="font-family: 'Century Gothic'; font-size: 8pt; font-weight: bold; line-height: inherit;">.</font><font style="font-family: 'Century Gothic'; font-size: 8pt; font-weight: bold; line-height: inherit;">8</font></p>











</td>
<td style="vertical-align: middle; height: 22px;">
<p style="font-size: 8pt; line-height: 130%; margin: 6pt 0pt 0pt; orphans: 0; text-align: center; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 8pt; font-weight: bold; line-height: inherit;">2</font><font style="font-family: 'Century Gothic'; font-size: 8pt; font-weight: bold; line-height: inherit;">%</font></p>











</td>
<td style="vertical-align: middle; height: 22px;">
<p style="font-size: 8pt; line-height: 130%; margin: 6pt 0pt 0pt; orphans: 0; text-align: center; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 8pt; font-weight: bold; line-height: inherit;">1</font><font style="font-family: 'Century Gothic'; font-size: 8pt; font-weight: bold; line-height: inherit;">,</font><font style="font-family: 'Century Gothic'; font-size: 8pt; font-weight: bold; line-height: inherit;">538</font><font style="font-family: 'Century Gothic'; font-size: 8pt; font-weight: bold; line-height: inherit;">.</font><font style="font-family: 'Century Gothic'; font-size: 8pt; font-weight: bold; line-height: inherit;">2</font></p>











</td>
<td style="vertical-align: middle; height: 22px;">
<p style="font-size: 8pt; line-height: 130%; margin: 6pt 0pt 0pt; orphans: 0; text-align: center; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 8pt; font-weight: bold; line-height: inherit;">1%</font></p>











</td>
<td style="vertical-align: middle; height: 22px;">
<p style="font-size: 8pt; line-height: 130%; margin: 6pt 0pt 0pt; orphans: 0; text-align: center; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 8pt; font-weight: bold; line-height: inherit;">64</font><font style="font-family: 'Century Gothic'; font-size: 8pt; font-weight: bold; line-height: inherit;">%</font></p>











</td>











</tr>
<tr style="height: 21px;">
<td style="vertical-align: middle; height: 21px;">
<p style="font-size: 8pt; line-height: 130%; margin: 6pt 0pt 0pt; orphans: 0; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">Net income from discontinued operations</font></p>











</td>
<td style="vertical-align: middle; height: 21px;">
<p style="font-size: 8pt; line-height: 130%; margin: 6pt 0pt 0pt; orphans: 0; text-align: center; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">-</font></p>











</td>
<td style="vertical-align: middle; height: 21px;">
<p style="font-size: 8pt; line-height: 130%; margin: 6pt 0pt 0pt; orphans: 0; text-align: center; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">N/A</font></p>











</td>
<td style="vertical-align: middle; height: 21px;">
<p style="font-size: 8pt; line-height: 130%; margin: 6pt 0pt 0pt; orphans: 0; text-align: center; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">301</font><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">.</font><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">9</font></p>











</td>
<td style="vertical-align: middle; height: 21px;">
<p style="font-size: 8pt; line-height: 130%; margin: 6pt 0pt 0pt; orphans: 0; text-align: center; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">N/A</font></p>











</td>
<td style="vertical-align: middle; height: 21px;">
<p style="font-size: 8pt; line-height: 130%; margin: 6pt 0pt 0pt; orphans: 0; text-align: center; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">N/A</font></p>











</td>











</tr>
<tr style="height: 22px;">
<td style="vertical-align: middle; height: 22px;">
<p style="font-size: 8pt; line-height: 130%; margin: 6pt 0pt 0pt; orphans: 0; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 8pt; font-weight: bold; line-height: inherit;">Net income</font></p>











</td>
<td style="vertical-align: middle; height: 22px;">
<p style="font-size: 8pt; line-height: 130%; margin: 6pt 0pt 0pt; orphans: 0; text-align: center; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 8pt; font-weight: bold; line-height: inherit;">2</font><font style="font-family: 'Century Gothic'; font-size: 8pt; font-weight: bold; line-height: inherit;">,</font><font style="font-family: 'Century Gothic'; font-size: 8pt; font-weight: bold; line-height: inherit;">517</font><font style="font-family: 'Century Gothic'; font-size: 8pt; font-weight: bold; line-height: inherit;">.</font><font style="font-family: 'Century Gothic'; font-size: 8pt; font-weight: bold; line-height: inherit;">8</font></p>











</td>
<td style="vertical-align: middle; height: 22px;">
<p style="font-size: 8pt; line-height: 130%; margin: 6pt 0pt 0pt; orphans: 0; text-align: center; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 8pt; font-weight: bold; line-height: inherit;">N/A</font></p>











</td>
<td style="vertical-align: middle; height: 22px;">
<p style="font-size: 8pt; line-height: 130%; margin: 6pt 0pt 0pt; orphans: 0; text-align: center; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 8pt; font-weight: bold; line-height: inherit;">1</font><font style="font-family: 'Century Gothic'; font-size: 8pt; font-weight: bold; line-height: inherit;">,</font><font style="font-family: 'Century Gothic'; font-size: 8pt; font-weight: bold; line-height: inherit;">840</font><font style="font-family: 'Century Gothic'; font-size: 8pt; font-weight: bold; line-height: inherit;">.</font><font style="font-family: 'Century Gothic'; font-size: 8pt; font-weight: bold; line-height: inherit;">1</font></p>











</td>
<td style="vertical-align: middle; height: 22px;">
<p style="font-size: 8pt; line-height: 130%; margin: 6pt 0pt 0pt; orphans: 0; text-align: center; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 8pt; font-weight: bold; line-height: inherit;">N/A</font></p>











</td>
<td style="vertical-align: middle; height: 22px;">
<p style="font-size: 8pt; line-height: 130%; margin: 6pt 0pt 0pt; orphans: 0; text-align: center; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 8pt; font-weight: bold; line-height: inherit;">37</font><font style="font-family: 'Century Gothic'; font-size: 8pt; font-weight: bold; line-height: inherit;">%</font></p>











</td>











</tr>
<tr style="height: 21px;">
<td style="vertical-align: middle; height: 21px;">
<p style="font-size: 8pt; line-height: 130%; margin: 6pt 0pt 0pt; orphans: 0; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">Net income attributable to:</font></p>











</td>
<td style="vertical-align: middle; height: 21px;">
<p style="font-size: 8pt; line-height: 130%; margin: 6pt 0pt 0pt; orphans: 0; text-align: center; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">&nbsp;</font></p>











</td>
<td style="vertical-align: middle; height: 21px;">
<p style="font-size: 8pt; line-height: 130%; margin: 6pt 0pt 0pt; orphans: 0; text-align: center; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">&nbsp;</font></p>











</td>
<td style="vertical-align: middle; height: 21px;">
<p style="font-size: 8pt; line-height: 130%; margin: 6pt 0pt 0pt; orphans: 0; text-align: center; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">&nbsp;</font></p>











</td>
<td style="vertical-align: middle; height: 21px;">
<p style="font-size: 8pt; line-height: 130%; margin: 6pt 0pt 0pt; orphans: 0; text-align: center; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">&nbsp;</font></p>











</td>
<td style="vertical-align: middle; height: 21px;">
<p style="font-size: 8pt; line-height: 130%; margin: 6pt 0pt 0pt; orphans: 0; text-align: center; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">&nbsp;</font></p>











</td>











</tr>
<tr style="height: 10px;">
<td style="height: 10px; vertical-align: bottom;" valign="bottom">
<p style="font-size: 8pt; line-height: 130%; margin: 0pt 0pt 0pt 10pt; text-indent: 0pt;"><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">Shareholders of Ultrapar</font></p>











</td>
<td style="vertical-align: middle; height: 10px;">
<p style="font-size: 8pt; line-height: 130%; margin: 6pt 0pt 0pt; orphans: 0; text-align: center; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">2</font><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">,</font><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">439</font><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">.</font><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">8</font></p>











</td>
<td style="vertical-align: middle; height: 10px;">
<p style="font-size: 8pt; line-height: 130%; margin: 6pt 0pt 0pt; orphans: 0; text-align: center; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">N/A</font></p>











</td>
<td style="vertical-align: middle; height: 10px;">
<p style="font-size: 8pt; line-height: 130%; margin: 6pt 0pt 0pt; orphans: 0; text-align: center; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">1</font><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">,</font><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">800</font><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">.</font><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">8</font></p>











</td>
<td style="vertical-align: middle; height: 10px;">
<p style="font-size: 8pt; line-height: 130%; margin: 6pt 0pt 0pt; orphans: 0; text-align: center; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">N/A</font></p>











</td>
<td style="vertical-align: middle; height: 10px;">
<p style="font-size: 8pt; line-height: 130%; margin: 6pt 0pt 0pt; orphans: 0; text-align: center; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">35</font><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">%</font></p>











</td>











</tr>
<tr style="height: 21px;">
<td style="vertical-align: middle; height: 21px;">
<p style="font-size: 8pt; line-height: 130%; margin: 6pt 0pt 0pt; font-family: 'Century Gothic';"><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit; margin: 0pt 0pt 0pt 10pt; text-indent: 0pt;">Non-controlling i<font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">n</font>terests in subsidiaries</font></p>











</td>
<td style="vertical-align: middle; height: 21px;">
<p style="font-size: 8pt; line-height: 130%; margin: 6pt 0pt 0pt; orphans: 0; text-align: center; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">78</font><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">.</font><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">0</font></p>











</td>
<td style="vertical-align: middle; height: 21px;">
<p style="font-size: 8pt; line-height: 130%; margin: 6pt 0pt 0pt; orphans: 0; text-align: center; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">N/A</font></p>











</td>
<td style="vertical-align: middle; height: 21px;">
<p style="font-size: 8pt; line-height: 130%; margin: 6pt 0pt 0pt; orphans: 0; text-align: center; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">39</font><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">.</font><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">2</font></p>











</td>
<td style="vertical-align: middle; height: 21px;">
<p style="font-size: 8pt; line-height: 130%; margin: 6pt 0pt 0pt; orphans: 0; text-align: center; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">N/A</font></p>











</td>
<td style="vertical-align: middle; height: 21px;">
<p style="font-size: 8pt; line-height: 130%; margin: 6pt 0pt 0pt; orphans: 0; text-align: center; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">99</font><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">%</font></p>











</td>











</tr>
<tr style="height: 17px;">
<td style="vertical-align: middle; height: 17px;"></td>
<td style="vertical-align: middle; height: 17px;"></td>
<td style="vertical-align: middle; height: 17px;"></td>
<td style="vertical-align: middle; height: 17px;"></td>
<td style="vertical-align: middle; height: 17px;"></td>
<td style="vertical-align: middle; height: 17px;"></td>











</tr>























</table>
<p style="font-size: 9pt; line-height: 1.2; margin: 6pt 0pt 0pt;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold; text-decoration: underline; line-height: inherit;">Overview </font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold; text-decoration: underline; line-height: inherit;">of</font> <font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold; text-decoration: underline; line-height: inherit;">sales</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold; text-decoration: underline; line-height: inherit;"> volume</font></p>
<p style="font-size: 9pt; line-height: 1.2; margin: 0px; text-indent: 0px;"><br></p>
<table cellspacing="0" cellpadding="0" style="border-collapse: collapse; margin: 0px auto; font-family: 'times new roman'; font-size: 10pt; height: 73px; width: 100%;" width="100%">

<tr style="height: 10px;">
<td style="vertical-align: top; border-bottom: 1pt solid #000000; border-top: 1pt solid #000000; height: 10px;">
<p style="font-size: 8pt; line-height: 130%; margin: 6pt 0pt 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">&nbsp;</font></p>











</td>
<td style="border-bottom: 1pt solid #000000; border-top: 1pt solid #000000; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="font-size: 8pt; line-height: 130%; margin: 6pt 0pt 0pt; orphans: 0; text-align: center; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 8pt; font-weight: bold; line-height: inherit;">202</font><font style="font-family: 'Century Gothic'; font-size: 8pt; font-weight: bold; line-height: inherit;">3</font></p>











</td>
<td style="border-bottom: 1pt solid #000000; border-top: 1pt solid #000000; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="font-size: 8pt; line-height: 130%; margin: 6pt 0pt 0pt; orphans: 0; text-align: center; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 8pt; font-weight: bold; line-height: inherit;">202</font><font style="font-family: 'Century Gothic'; font-size: 8pt; font-weight: bold; line-height: inherit;">2</font></p>











</td>
<td style="border-bottom: 1pt solid #000000; border-top: 1pt solid #000000; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="font-size: 8pt; line-height: 1.2; margin: 6pt 0pt 0pt; text-align: center;"><font style="font-weight: bold; line-height: inherit;"><font style="font-family: 'Century Gothic'; font-size: 8pt; letter-spacing: -4.85pt; line-height: inherit;">&#8710;</font>&nbsp; &nbsp;<font style="font-family: 'Century Gothic'; font-size: 8pt; letter-spacing: -0.15pt; line-height: inherit;">(%) </font></font></p>
<p style="font-size: 8pt; line-height: 1.2; margin: 6pt 0pt 0pt; text-align: center;"><font style="font-weight: bold; line-height: inherit;"><font style="font-family: 'Century Gothic'; font-size: 8pt; letter-spacing: 0.15pt; line-height: inherit;">202</font><font style="font-family: 'Century Gothic'; font-size: 8pt; letter-spacing: 0.15pt; line-height: inherit;">3</font><font style="font-family: 'Century Gothic'; font-size: 8pt; letter-spacing: 0.15pt; line-height: inherit;"> vs</font><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;"> 202</font><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">2</font></font></p>











</td>











</tr>
<tr style="height: 21px;">
<td style="vertical-align: top; height: 21px; width: 64%;">
<p style="font-size: 8pt; line-height: 130%; margin: 6pt 0pt 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">Ultragaz</font><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;"> (</font><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">000 </font><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">tons)</font></p>











</td>
<td style="vertical-align: middle; height: 21px; width: 12%;">
<p style="font-size: 8pt; line-height: 130%; margin: 6pt 0pt 0pt; orphans: 0; text-align: center; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">1</font><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">,</font><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">738</font><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">.</font><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">0</font></p>











</td>
<td style="vertical-align: middle; height: 21px; width: 12%;">
<p style="font-size: 8pt; line-height: 130%; margin: 6pt 0pt 0pt; orphans: 0; text-align: center; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">1</font><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">,</font><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">706</font><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">.</font><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">2</font></p>











</td>
<td style="vertical-align: middle; height: 21px; width: 12%;">
<p style="font-size: 8pt; line-height: 130%; margin: 6pt 0pt 0pt; orphans: 0; text-align: center; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">2%</font></p>











</td>











</tr>
<tr style="height: 21px;">
<td style="vertical-align: top; height: 21px;">
<p style="font-size: 8pt; line-height: 130%; margin: 6pt 0pt 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">Ultracargo (m&#179; </font><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">sold</font><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;"> - </font><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">000</font><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;"> m&#179;)</font></p>











</td>
<td style="vertical-align: middle; height: 21px;">
<p style="font-size: 8pt; line-height: 130%; margin: 6pt 0pt 0pt; orphans: 0; text-align: center; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">15</font><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">,</font><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">707</font><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">.</font><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">0</font></p>











</td>
<td style="vertical-align: middle; height: 21px;">
<p style="font-size: 8pt; line-height: 130%; margin: 6pt 0pt 0pt; orphans: 0; text-align: center; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">13</font><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">,</font><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">589</font><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">.</font><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">2</font></p>











</td>
<td style="vertical-align: middle; height: 21px;">
<p style="font-size: 8pt; line-height: 130%; margin: 6pt 0pt 0pt; orphans: 0; text-align: center; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">16%</font></p>











</td>











</tr>
<tr style="height: 21px;">
<td style="vertical-align: top; border-bottom: 1pt solid #000000; height: 21px;">
<p style="font-size: 8pt; line-height: 130%; margin: 6pt 0pt 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">Ipiranga</font><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;"> (</font><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">000</font><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;"> m&#179;)</font></p>











</td>
<td style="vertical-align: middle; border-bottom: 1pt solid #000000; height: 21px;">
<p style="font-size: 8pt; line-height: 130%; margin: 6pt 0pt 0pt; orphans: 0; text-align: center; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">23</font><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">,</font><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">105</font><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">.</font><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">1</font></p>











</td>
<td style="vertical-align: middle; border-bottom: 1pt solid #000000; height: 21px;">
<p style="font-size: 8pt; line-height: 130%; margin: 6pt 0pt 0pt; orphans: 0; text-align: center; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">23</font><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">,</font><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">0</font><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">69</font><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">.</font><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">8</font></p>











</td>
<td style="vertical-align: middle; border-bottom: 1pt solid #000000; height: 21px;">
<p style="font-size: 8pt; line-height: 130%; margin: 6pt 0pt 0pt; orphans: 0; text-align: center; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">0%</font></p>











</td>











</tr>























</table>
<div style="line-height: 1.2;"><br></div>






</div>
<div style="line-height: 1.2;">
<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; line-height: inherit;" class="pageno"><font class='pageno'>57</font></font></td>










</tr>





















</table>
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</div>
<p style="font-size: 9pt; line-height: 1.2; margin: 0px; text-align: justify; text-indent: 0px;"><br></p>
<div style="width: 8.5in; margin: 0 auto;">
<p style="font-size: 9pt; line-height: 1.2; margin: 0px; text-align: justify; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">Ultragaz&#8217;s</font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;"> sales volume in 2023 increased 2% compared to 2022, a</font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">s</font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;"> a result of a 6% growth of sales in the bulk segment, mainly due to higher sales to industries, while the bottled segment remained stable.</font></p>
<p style="font-size: 9pt; line-height: 1.2; margin: 0px; text-align: justify; text-indent: 0px;"><br></p>
<p style="font-size: 9pt; line-height: 1.2; margin: 0px; text-align: justify; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">The m&#179; sold by </font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">Ultracargo</font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;"> in 2023 increased 16% compared to 2022, due to the startup of operations in Opla and the higher handling of fuels in Santos, </font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">Itaqui</font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;"> and Vila do Conde.</font></p>
<p style="font-size: 9pt; line-height: 1.2; margin: 0px; text-align: justify; text-indent: 0px;"><br></p>
<p style="font-size: 9pt; line-height: 1.2; margin: 0px; text-align: justify; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">Ipiranga&#8217;s</font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;"> sales volume in 2023 remained stable compared to 2022, w</font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">ith</font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;"> a growth of 2% in the Otto cycle and a drop of 1% in diesel, influenced by a strategy of lowering sales in the spot </font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">market.</font></p>
<p style="font-size: 9pt; line-height: 1.2; margin: 6pt 0pt 0pt;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold; text-decoration: underline; line-height: inherit;">Net revenues </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: 29.65pt;">
<td style="vertical-align: middle; border-bottom: 1pt solid #000000; border-top: 1pt solid #000000;">
<p style="font-size: 8pt; line-height: 130%; margin: 6pt 0pt 0pt; orphans: 0; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 8pt; font-weight: bold; line-height: inherit;">(</font><font style="font-family: 'Century Gothic'; font-size: 8pt; font-weight: bold; line-height: inherit;">R$ million</font><font style="font-family: 'Century Gothic'; font-size: 8pt; font-weight: bold; line-height: inherit;">)</font></p>











</td>
<td style="vertical-align: middle; border-bottom: 1pt solid #000000; border-top: 1pt solid #000000;">
<p style="font-size: 8pt; line-height: 130%; margin: 6pt 0pt 0pt; orphans: 0; text-align: center; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 8pt; font-weight: bold; line-height: inherit;">202</font><font style="font-family: 'Century Gothic'; font-size: 8pt; font-weight: bold; line-height: inherit;">3</font></p>











</td>
<td style="vertical-align: middle; border-bottom: 1pt solid #000000; border-top: 1pt solid #000000;">
<p style="font-size: 8pt; line-height: 130%; margin: 6pt 0pt 0pt; orphans: 0; text-align: center; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 8pt; font-weight: bold; line-height: inherit;">202</font><font style="font-family: 'Century Gothic'; font-size: 8pt; font-weight: bold; line-height: inherit;">2</font></p>











</td>
<td style="vertical-align: middle; border-bottom: 1pt solid #000000; border-top: 1pt solid #000000;">
<p style="font-size: 8pt; line-height: 130%; margin: 6pt 0pt 0pt; orphans: 0; text-align: center; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 8pt; font-weight: bold; line-height: inherit;">&#8710;(%)</font></p>
<p style="font-size: 8pt; line-height: 130%; margin: 6pt 0pt 0pt; orphans: 0; text-align: center; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 8pt; font-weight: bold; line-height: inherit;">202</font><font style="font-family: 'Century Gothic'; font-size: 8pt; font-weight: bold; line-height: inherit;">3</font><font style="font-family: 'Century Gothic'; font-size: 8pt; font-weight: bold; line-height: inherit;"> vs 202</font><font style="font-family: 'Century Gothic'; font-size: 8pt; font-weight: bold; line-height: inherit;">2</font></p>











</td>











</tr>
<tr style="height: 10.85pt;">
<td style="vertical-align: top; width: 64%;">
<p style="font-size: 8pt; line-height: 130%; margin: 6pt 0pt 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">Ultragaz</font></p>











</td>
<td style="vertical-align: middle; width: 12%;">
<p style="font-size: 8pt; line-height: 130%; margin: 6pt 0pt 0pt; orphans: 0; text-align: center; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">10</font><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">,</font><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">670</font><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">.</font><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">8</font></p>











</td>
<td style="vertical-align: middle; width: 12%;">
<p style="font-size: 8pt; line-height: 130%; margin: 6pt 0pt 0pt; orphans: 0; text-align: center; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">11</font><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">,</font><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">483</font><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">.</font><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">4</font></p>











</td>
<td style="vertical-align: middle; width: 12%;">
<p style="font-size: 8pt; line-height: 130%; margin: 6pt 0pt 0pt; orphans: 0; text-align: center; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">(7%)</font></p>











</td>











</tr>
<tr style="height: 10.85pt;">
<td style="vertical-align: top;">
<p style="font-size: 8pt; line-height: 130%; margin: 6pt 0pt 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">Ultracargo</font></p>











</td>
<td style="vertical-align: middle;">
<p style="font-size: 8pt; line-height: 130%; margin: 6pt 0pt 0pt; orphans: 0; text-align: center; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">1</font><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">,</font><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">015</font><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">.</font><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">6</font></p>











</td>
<td style="vertical-align: middle;">
<p style="font-size: 8pt; line-height: 130%; margin: 6pt 0pt 0pt; orphans: 0; text-align: center; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">867</font><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">.</font><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">1</font></p>











</td>
<td style="vertical-align: middle;">
<p style="font-size: 8pt; line-height: 130%; margin: 6pt 0pt 0pt; orphans: 0; text-align: center; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">17%</font></p>











</td>











</tr>
<tr style="height: 10.85pt;">
<td style="vertical-align: top;">
<p style="font-size: 8pt; line-height: 130%; margin: 6pt 0pt 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">Ipiranga</font></p>











</td>
<td style="vertical-align: middle;">
<p style="font-size: 8pt; line-height: 130%; margin: 6pt 0pt 0pt; orphans: 0; text-align: center; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">114</font><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">,</font><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">374</font><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">.</font><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">6</font></p>











</td>
<td style="vertical-align: middle;">
<p style="font-size: 8pt; line-height: 130%; margin: 6pt 0pt 0pt; orphans: 0; text-align: center; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">131</font><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">,</font><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">338</font><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">.</font><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">0</font></p>











</td>
<td style="vertical-align: middle;">
<p style="font-size: 8pt; line-height: 130%; margin: 6pt 0pt 0pt; orphans: 0; text-align: center; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">(13%)</font></p>











</td>











</tr>
<tr style="height: 10.85pt;">
<td style="vertical-align: top;">
<p style="font-size: 8pt; line-height: 130%; margin: 6pt 0pt 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 8pt; font-weight: bold; line-height: inherit;">Ultrapar&#185; </font></p>











</td>
<td style="vertical-align: middle;">
<p style="font-size: 8pt; line-height: 130%; margin: 6pt 0pt 0pt; orphans: 0; text-align: center; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 8pt; font-weight: bold; line-height: inherit;">126</font><font style="font-family: 'Century Gothic'; font-size: 8pt; font-weight: bold; line-height: inherit;">,</font><font style="font-family: 'Century Gothic'; font-size: 8pt; font-weight: bold; line-height: inherit;">048</font><font style="font-family: 'Century Gothic'; font-size: 8pt; font-weight: bold; line-height: inherit;">.</font><font style="font-family: 'Century Gothic'; font-size: 8pt; font-weight: bold; line-height: inherit;">7</font></p>











</td>
<td style="vertical-align: middle;">
<p style="font-size: 8pt; line-height: 130%; margin: 6pt 0pt 0pt; orphans: 0; text-align: center; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 8pt; font-weight: bold; line-height: inherit;">143</font><font style="font-family: 'Century Gothic'; font-size: 8pt; font-weight: bold; line-height: inherit;">,</font><font style="font-family: 'Century Gothic'; font-size: 8pt; font-weight: bold; line-height: inherit;">634</font><font style="font-family: 'Century Gothic'; font-size: 8pt; font-weight: bold; line-height: inherit;">.</font><font style="font-family: 'Century Gothic'; font-size: 8pt; font-weight: bold; line-height: inherit;">7</font></p>











</td>
<td style="vertical-align: middle;">
<p style="font-size: 8pt; line-height: 130%; margin: 6pt 0pt 0pt; orphans: 0; text-align: center; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 8pt; font-weight: bold; line-height: inherit;">(12%)</font></p>











</td>











</tr>























</table>









<font style="text-align: justify; text-indent: 0pt; font-family: 'Century Gothic'; font-size: 7pt; line-height: inherit;">&#185; </font><font style="text-align: justify; text-indent: 0pt; font-family: 'Century Gothic'; font-size: 7pt; line-height: inherit;">Ultragaz, Ultracargo </font><font style="text-align: justify; text-indent: 0pt; font-family: 'Century Gothic'; font-size: 7pt; line-height: inherit;">and</font><font style="text-align: justify; text-indent: 0pt; font-family: 'Century Gothic'; font-size: 7pt; line-height: inherit;"> Ipiranga </font><font style="text-align: justify; text-indent: 0pt; font-family: 'Century Gothic'; font-size: 7pt; line-height: inherit;">information</font> <font style="text-align: justify; text-indent: 0pt; font-family: 'Century Gothic'; font-size: 7pt; line-height: inherit;">are</font> <font style="text-align: justify; text-indent: 0pt; font-family: 'Century Gothic'; font-size: 7pt; line-height: inherit;">presented</font> <font style="text-align: justify; text-indent: 0pt; font-family: 'Century Gothic'; font-size: 7pt; line-height: inherit;">on</font><font style="text-align: justify; text-indent: 0pt; font-family: 'Century Gothic'; font-size: 7pt; line-height: inherit;"> a </font><font style="text-align: justify; text-indent: 0pt; font-family: 'Century Gothic'; font-size: 7pt; line-height: inherit;">deconsolidated</font> <font style="text-align: justify; text-indent: 0pt; font-family: 'Century Gothic'; font-size: 7pt; line-height: inherit;">basis</font>
<p style="font-size: 9pt; line-height: 1.2; margin: 10pt 0pt; text-align: justify; text-indent: 0pt;"><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">Ultrapar recorded net </font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">revenues of </font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">R$ </font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">126</font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">,</font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">048</font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">.</font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">7</font> <font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">million in 2023</font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">, </font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">a decrease of 12% compared to 2022, due to lower revenues of </font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">Ipiranga</font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;"> and </font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">Ultragaz</font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">.</font></p>
<p style="font-size: 9pt; line-height: 1.2; margin: 10pt 0pt; text-align: justify; text-indent: 0pt;"><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">Ultragaz&#8217;s</font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;"> net revenues decreased 7% in 2023, due to LPG cost reductions, partially offset by higher sales volume</font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">.</font> <font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">At </font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">Ultracargo</font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">, net revenues grew 17% in 2023, </font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">as a result of</font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;"> spot sales, higher m&#179; sold and higher tariffs. </font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">Ipiranga&#8217;s</font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;"> net revenues decreased</font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">&nbsp;13% in 2023, d</font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">ue</font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;"> to the pass-throughs of fuel cost reductions, reflecting the drop in international prices</font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">.</font></p>
<p style="font-size: 9pt; line-height: 1.2; margin: 6pt 0pt 0pt;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold; text-decoration: underline; line-height: inherit;">Costs of products sold and services provided</font></p>
<table cellspacing="0" cellpadding="0" style="border-collapse: collapse; margin: 0px auto; font-family: 'times new roman'; font-size: 10pt; height: 118px; width: 100%;" width="100%">

<tr style="height: 45px;">
<td style="vertical-align: middle; border-bottom: 1pt solid #000000; border-top: 1pt solid #000000; height: 45px;">
<p style="font-size: 8pt; line-height: 130%; margin: 6pt 0pt 0pt; orphans: 0; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 8pt; font-weight: bold; line-height: inherit;">(</font><font style="font-family: 'Century Gothic'; font-size: 8pt; font-weight: bold; line-height: inherit;">R$ million</font><font style="font-family: 'Century Gothic'; font-size: 8pt; font-weight: bold; line-height: inherit;">)</font></p>











</td>
<td style="vertical-align: middle; border-bottom: 1pt solid #000000; border-top: 1pt solid #000000; height: 45px;">
<p style="font-size: 8pt; line-height: 130%; margin: 6pt 0pt 0pt; orphans: 0; text-align: center; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 8pt; font-weight: bold; line-height: inherit;">202</font><font style="font-family: 'Century Gothic'; font-size: 8pt; font-weight: bold; line-height: inherit;">3</font></p>











</td>
<td style="vertical-align: middle; border-bottom: 1pt solid #000000; border-top: 1pt solid #000000; height: 45px;">
<p style="font-size: 8pt; line-height: 130%; margin: 6pt 0pt 0pt; orphans: 0; text-align: center; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 8pt; font-weight: bold; line-height: inherit;">202</font><font style="font-family: 'Century Gothic'; font-size: 8pt; font-weight: bold; line-height: inherit;">2</font></p>











</td>
<td style="vertical-align: middle; border-bottom: 1pt solid #000000; border-top: 1pt solid #000000; height: 45px;">
<p style="font-size: 8pt; line-height: 130%; margin: 6pt 0pt 0pt; orphans: 0; text-align: center; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 8pt; font-weight: bold; line-height: inherit;">&#8710;(%)</font></p>
<p style="font-size: 8pt; line-height: 130%; margin: 6pt 0pt 0pt; orphans: 0; text-align: center; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 8pt; font-weight: bold; line-height: inherit;">202</font><font style="font-family: 'Century Gothic'; font-size: 8pt; font-weight: bold; line-height: inherit;">3 </font><font style="font-family: 'Century Gothic'; font-size: 8pt; font-weight: bold; line-height: inherit;">vs 202</font><font style="font-family: 'Century Gothic'; font-size: 8pt; font-weight: bold; line-height: inherit;">2</font></p>











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</tr>
<tr style="height: 21px;">
<td style="vertical-align: top; width: 64%; height: 21px;">
<p style="font-size: 8pt; line-height: 130%; margin: 6pt 0pt 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">Ultragaz</font></p>











</td>
<td style="vertical-align: middle; width: 12%; height: 21px;">
<p style="font-size: 8pt; line-height: 130%; margin: 6pt 0pt 0pt; orphans: 0; text-align: center; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">8</font><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">,</font><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">485</font><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">.</font><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">2</font></p>











</td>
<td style="vertical-align: middle; width: 12%; height: 21px;">
<p style="font-size: 8pt; line-height: 130%; margin: 6pt 0pt 0pt; orphans: 0; text-align: center; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">9</font><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">,</font><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">446</font><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">.</font><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">4</font></p>











</td>
<td style="vertical-align: middle; width: 12%; height: 21px;">
<p style="font-size: 8pt; line-height: 130%; margin: 6pt 0pt 0pt; orphans: 0; text-align: center; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">(</font><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">10%</font><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">)</font></p>











</td>











</tr>
<tr style="height: 21px;">
<td style="vertical-align: top; height: 21px;">
<p style="font-size: 8pt; line-height: 130%; margin: 6pt 0pt 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">Ultracargo</font></p>











</td>
<td style="vertical-align: middle; height: 21px;">
<p style="font-size: 8pt; line-height: 130%; margin: 6pt 0pt 0pt; orphans: 0; text-align: center; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">3</font><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">55</font><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">.</font><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">8</font></p>











</td>
<td style="vertical-align: middle; height: 21px;">
<p style="font-size: 8pt; line-height: 130%; margin: 6pt 0pt 0pt; orphans: 0; text-align: center; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">340</font><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">.</font><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">6</font></p>











</td>
<td style="vertical-align: middle; height: 21px;">
<p style="font-size: 8pt; line-height: 130%; margin: 6pt 0pt 0pt; orphans: 0; text-align: center; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">4</font><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">%</font></p>











</td>











</tr>
<tr style="height: 21px;">
<td style="vertical-align: top; height: 21px;">
<p style="font-size: 8pt; line-height: 130%; margin: 6pt 0pt 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">Ipiranga</font></p>











</td>
<td style="vertical-align: middle; height: 21px;">
<p style="font-size: 8pt; line-height: 130%; margin: 6pt 0pt 0pt; orphans: 0; text-align: center; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">1</font><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">07</font><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">,</font><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">929</font><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">.</font><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">7</font></p>











</td>
<td style="vertical-align: middle; height: 21px;">
<p style="font-size: 8pt; line-height: 130%; margin: 6pt 0pt 0pt; orphans: 0; text-align: center; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">126</font><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">,</font><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">569</font><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">.</font><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">5</font></p>











</td>
<td style="vertical-align: middle; height: 21px;">
<p style="font-size: 8pt; line-height: 130%; margin: 6pt 0pt 0pt; orphans: 0; text-align: center; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">(15</font><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">%</font><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">)</font></p>











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<tr style="height: 10px;">
<td style="vertical-align: top; height: 10px;">
<p style="font-size: 8pt; line-height: 130%; margin: 6pt 0pt 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 8pt; font-weight: bold; line-height: inherit;">Ultrapar&#185;</font></p>











</td>
<td style="vertical-align: middle; height: 10px;">
<p style="font-size: 8pt; line-height: 130%; margin: 6pt 0pt 0pt; orphans: 0; text-align: center; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 8pt; font-weight: bold; line-height: inherit;">1</font><font style="font-family: 'Century Gothic'; font-size: 8pt; font-weight: bold; line-height: inherit;">16</font><font style="font-family: 'Century Gothic'; font-size: 8pt; font-weight: bold; line-height: inherit;">,</font><font style="font-family: 'Century Gothic'; font-size: 8pt; font-weight: bold; line-height: inherit;">730</font><font style="font-family: 'Century Gothic'; font-size: 8pt; font-weight: bold; line-height: inherit;">.</font><font style="font-family: 'Century Gothic'; font-size: 8pt; font-weight: bold; line-height: inherit;">5</font></p>











</td>
<td style="vertical-align: middle; height: 10px;">
<p style="font-size: 8pt; line-height: 130%; margin: 6pt 0pt 0pt; orphans: 0; text-align: center; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 8pt; font-weight: bold; line-height: inherit;">136</font><font style="font-family: 'Century Gothic'; font-size: 8pt; font-weight: bold; line-height: inherit;">,</font><font style="font-family: 'Century Gothic'; font-size: 8pt; font-weight: bold; line-height: inherit;">276</font><font style="font-family: 'Century Gothic'; font-size: 8pt; font-weight: bold; line-height: inherit;">.</font><font style="font-family: 'Century Gothic'; font-size: 8pt; font-weight: bold; line-height: inherit;">3</font></p>











</td>
<td style="vertical-align: middle; height: 10px;">
<p style="font-size: 8pt; line-height: 130%; margin: 6pt 0pt 0pt; orphans: 0; text-align: center; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 8pt; font-weight: bold; line-height: inherit;">(14%)</font></p>











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</table>
<p style="font-size: 7pt; line-height: 1.2; margin: 0px; text-align: justify; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 7pt; line-height: inherit;">&#185; Ultragaz, Ultracargo </font><font style="font-family: 'Century Gothic'; font-size: 7pt; line-height: inherit;">and</font><font style="font-family: 'Century Gothic'; font-size: 7pt; line-height: inherit;"> Ipiranga </font><font style="font-family: 'Century Gothic'; font-size: 7pt; line-height: inherit;">information</font> <font style="font-family: 'Century Gothic'; font-size: 7pt; line-height: inherit;">are</font> <font style="font-family: 'Century Gothic'; font-size: 7pt; line-height: inherit;">presented</font> <font style="font-family: 'Century Gothic'; font-size: 7pt; line-height: inherit;">on</font><font style="font-family: 'Century Gothic'; font-size: 7pt; line-height: inherit;"> a </font><font style="font-family: 'Century Gothic'; font-size: 7pt; line-height: inherit;">deconsolidated</font> <font style="font-family: 'Century Gothic'; font-size: 7pt; line-height: inherit;">basis</font></p>
<p style="font-size: 9pt; line-height: 1.2; margin: 10pt 0pt; text-align: justify; text-indent: 0pt;"><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">Ultrapar's</font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;"> costs of products sold and services provided were&nbsp;</font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">R$ </font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">116</font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">,</font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">730</font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">.</font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">5</font> <font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">million in</font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;"> 202</font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">3</font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">, </font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">a decreased of</font>&nbsp;<font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">14</font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">% </font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">compared to 2022, due to the cost reductions at </font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">Ipiranga</font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;"> and </font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">Ultragaz</font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">.</font></p>
<p style="font-size: 9pt; line-height: 1.2; margin: 10pt 0pt; text-align: justify; text-indent: 0pt;"><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">Ultragaz's</font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;"> costs of products sold decreased </font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">10</font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">%</font> <font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">in</font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;"> 202</font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">3</font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">,</font>&nbsp;<font style="font-family: 'Century Gothic'; font-size: 9pt;">d</font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">ue</font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;"> to LPG cost reductions, attenuated by higher costs with freight and the positive effect of R$ 333 million in extraordinary tax credits in 2022</font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">.</font> <font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">Ultracargo's</font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;"> costs of services provided increased </font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">4</font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">%</font> <font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">in</font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;"> 202</font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">3</font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">, </font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">due to higher costs with personnel (collective bargaining agreement), insurance and maintenance.</font> <font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">Ipiranga's</font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;"> costs of products sold decreased </font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">15</font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">% </font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">in</font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;"> 202</font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">3</font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">, </font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">as a result of</font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;"> reduced fuel costs, partially offset by the </font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">higher record of extraordinary tax credits in 2022 (R$ 563 million in 2023 and R$ 638 million in 2022)</font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">.</font></p>






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</div><div style="font-family: 'times new roman', times; font-size: 10pt;">
<div style="width: 8.5in; margin: 0 auto;">
<p style="font-size: 9pt; line-height: 130%; margin: 6pt 0pt 0pt;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold; text-decoration: underline;">Gross profit</font></p>
<p style="font-size: 9pt; line-height: 130%; margin: 6pt 0pt 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">Ultrapar registered gross profit of </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">R$ </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">9</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">,</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">318</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">.</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">2</font> <font style="font-family: 'Century Gothic'; font-size: 9pt;">million in</font><font style="font-family: 'Century Gothic'; font-size: 9pt;"> 202</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">3</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">, </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">a </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">27</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">% </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">increase compared to 2022, mainly due to the increase in gross profit of the three main businesses, particularly the improvement of margins at </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">Ipiranga</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">.</font></p>








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<p style="font-size: 9pt; line-height: 130%; margin: 0px; text-align: justify; text-indent: 0px;"><br></p>
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<tr>
<td class="pgno" style="padding: 0px; text-align: center;"><font style="font-size: 10pt;" class="pageno"><font class='pageno'>58</font></font></td>










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<p style="font-size: 9pt; line-height: 130%; margin: 0px; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold; text-decoration: underline;">Sales, general </font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold; text-decoration: underline;">and</font> <font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold; text-decoration: underline;">administrative</font> <font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold; text-decoration: underline;">expenses</font> </p>
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<p style="font-size: 8pt; line-height: 130%; margin: 6pt 0pt 0pt; orphans: 0; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 8pt; font-weight: bold;">(</font><font style="font-family: 'Century Gothic'; font-size: 8pt; font-weight: bold;">R$ million</font><font style="font-family: 'Century Gothic'; font-size: 8pt; font-weight: bold;">)</font></p>











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<p style="font-size: 8pt; line-height: 130%; margin: 6pt 0pt 0pt; orphans: 0; text-align: center; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 8pt; font-weight: bold;">202</font><font style="font-family: 'Century Gothic'; font-size: 8pt; font-weight: bold;">3</font></p>











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<td style="vertical-align: middle; height: 25px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="font-size: 8pt; line-height: 130%; margin: 6pt 0pt 0pt; orphans: 0; text-align: center; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 8pt; font-weight: bold;">202</font><font style="font-family: 'Century Gothic'; font-size: 8pt; font-weight: bold;">2</font></p>











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<p style="font-size: 8pt; line-height: 1.2; margin: 6pt 0pt 0pt; text-align: center;"><font style="font-family: 'Century Gothic'; font-size: 8pt; font-weight: bold; line-height: inherit;">&#8710; (%) </font></p>
<p style="font-size: 8pt; line-height: 1.2; margin: 6pt 0pt 0pt; text-align: center;"><font style="font-family: 'Century Gothic'; font-size: 8pt; font-weight: bold; line-height: inherit;">202</font><font style="font-family: 'Century Gothic'; font-size: 8pt; font-weight: bold; line-height: inherit;">3</font><font style="font-family: 'Century Gothic'; font-size: 8pt; font-weight: bold; line-height: inherit;"> vs 202</font><font style="font-family: 'Century Gothic'; font-size: 8pt; font-weight: bold; line-height: inherit;">2</font></p>











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<p style="font-size: 8pt; line-height: 130%; margin: 6pt 0pt 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 8pt;">Ultragaz</font></p>











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<td style="vertical-align: middle; width: 12%; height: 21px;">
<p style="font-size: 8pt; line-height: 130%; margin: 6pt 0pt 0pt; orphans: 0; text-align: center; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 8pt;">924</font><font style="font-family: 'Century Gothic'; font-size: 8pt;">.</font><font style="font-family: 'Century Gothic'; font-size: 8pt;">7</font></p>











</td>
<td style="vertical-align: middle; width: 12%; height: 21px;">
<p style="font-size: 8pt; line-height: 130%; margin: 6pt 0pt 0pt; orphans: 0; text-align: center; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 8pt;">833</font><font style="font-family: 'Century Gothic'; font-size: 8pt;">.</font><font style="font-family: 'Century Gothic'; font-size: 8pt;">4</font></p>











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<td style="vertical-align: middle; width: 12%; height: 21px;">
<p style="font-size: 8pt; line-height: 130%; margin: 6pt 0pt 0pt; orphans: 0; text-align: center; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 8pt;">11</font><font style="font-family: 'Century Gothic'; font-size: 8pt;">%</font></p>











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<p style="font-size: 8pt; line-height: 130%; margin: 6pt 0pt 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 8pt;">Ultracargo</font></p>











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<p style="font-size: 8pt; line-height: 130%; margin: 6pt 0pt 0pt; orphans: 0; text-align: center; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 8pt;">178</font><font style="font-family: 'Century Gothic'; font-size: 8pt;">.</font><font style="font-family: 'Century Gothic'; font-size: 8pt;">7</font></p>











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<td style="vertical-align: middle; height: 21px;">
<p style="font-size: 8pt; line-height: 130%; margin: 6pt 0pt 0pt; orphans: 0; text-align: center; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 8pt;">146</font><font style="font-family: 'Century Gothic'; font-size: 8pt;">.</font><font style="font-family: 'Century Gothic'; font-size: 8pt;">9</font></p>











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<td style="vertical-align: middle; height: 21px;">
<p style="font-size: 8pt; line-height: 130%; margin: 6pt 0pt 0pt; orphans: 0; text-align: center; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 8pt;">22</font><font style="font-family: 'Century Gothic'; font-size: 8pt;">%</font></p>











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<p style="font-size: 8pt; line-height: 130%; margin: 6pt 0pt 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 8pt;">Ipiranga</font></p>











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<p style="font-size: 8pt; line-height: 130%; margin: 6pt 0pt 0pt; orphans: 0; text-align: center; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 8pt;">2</font><font style="font-family: 'Century Gothic'; font-size: 8pt;">,</font><font style="font-family: 'Century Gothic'; font-size: 8pt;">814</font><font style="font-family: 'Century Gothic'; font-size: 8pt;">.</font><font style="font-family: 'Century Gothic'; font-size: 8pt;">4</font></p>











</td>
<td style="vertical-align: middle; height: 21px;">
<p style="font-size: 8pt; line-height: 130%; margin: 6pt 0pt 0pt; orphans: 0; text-align: center; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 8pt;">2</font><font style="font-family: 'Century Gothic'; font-size: 8pt;">,</font><font style="font-family: 'Century Gothic'; font-size: 8pt;">381</font><font style="font-family: 'Century Gothic'; font-size: 8pt;">.</font><font style="font-family: 'Century Gothic'; font-size: 8pt;">4</font></p>











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<td style="vertical-align: middle; height: 21px;">
<p style="font-size: 8pt; line-height: 130%; margin: 6pt 0pt 0pt; orphans: 0; text-align: center; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 8pt;">18</font><font style="font-family: 'Century Gothic'; font-size: 8pt;">%</font></p>











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<tr style="height: 22px;">
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<p style="font-size: 8pt; line-height: 130%; margin: 6pt 0pt 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 8pt; font-weight: bold;">Ultrapar</font></p>











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<p style="font-size: 8pt; line-height: 130%; margin: 6pt 0pt 0pt; orphans: 0; text-align: center; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 8pt; font-weight: bold;">4</font><font style="font-family: 'Century Gothic'; font-size: 8pt; font-weight: bold;">,</font><font style="font-family: 'Century Gothic'; font-size: 8pt; font-weight: bold;">271</font><font style="font-family: 'Century Gothic'; font-size: 8pt; font-weight: bold;">.</font><font style="font-family: 'Century Gothic'; font-size: 8pt; font-weight: bold;">4</font></p>











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<td style="vertical-align: middle; height: 22px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="font-size: 8pt; line-height: 130%; margin: 6pt 0pt 0pt; orphans: 0; text-align: center; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 8pt; font-weight: bold;">3</font><font style="font-family: 'Century Gothic'; font-size: 8pt; font-weight: bold;">,</font><font style="font-family: 'Century Gothic'; font-size: 8pt; font-weight: bold;">676</font><font style="font-family: 'Century Gothic'; font-size: 8pt; font-weight: bold;">.</font><font style="font-family: 'Century Gothic'; font-size: 8pt; font-weight: bold;">5</font></p>











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<td style="vertical-align: middle; height: 22px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="font-size: 8pt; line-height: 130%; margin: 6pt 0pt 0pt; orphans: 0; text-align: center; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 8pt; font-weight: bold;">16</font><font style="font-family: 'Century Gothic'; font-size: 8pt; font-weight: bold;">%</font></p>











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<p style="font-size: 9pt; line-height: 130%; margin: 0px; text-align: justify; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">Ultrapar recorded sales, general and administrative expenses of </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">R$ </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">4</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">,</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">271</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">.</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">4</font> <font style="font-family: 'Century Gothic'; font-size: 9pt;">million</font> <font style="font-family: 'Century Gothic'; font-size: 9pt;">in</font><font style="font-family: 'Century Gothic'; font-size: 9pt;"> 202</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">3&nbsp;</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">an increase of </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">16</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">% </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">compared to</font><font style="font-family: 'Century Gothic'; font-size: 9pt;"> 202</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">2</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">, </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">due to</font>&nbsp;t<font style="font-family: 'Century Gothic'; font-size: 9pt;">he</font><font style="font-family: 'Century Gothic'; font-size: 9pt;"> impact of inflation in 2023, in addition to specific effects on each of the businesses</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">.</font></p>
<p style="font-size: 9pt; line-height: 130%; margin: 10pt 0pt 0pt; text-align: justify; text-indent: 0pt;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">At </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">Ultragaz</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">, sales, general and administrative expenses increased </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">11</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">% </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">in</font><font style="font-family: 'Century Gothic'; font-size: 9pt;"> 2023</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">, </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">due to higher personnel expenses (increase in headcount </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">as a result of</font><font style="font-family: 'Century Gothic'; font-size: 9pt;"> the acquisitions, in addition to collective bargaining agreement and variable compensation, in line with the progression of results), freight and higher sales commissions</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">.</font> <font style="font-family: 'Century Gothic'; font-size: 9pt;">Ultracargo's</font><font style="font-family: 'Century Gothic'; font-size: 9pt;"> sales, general and administrative expenses increased </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">22</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">% </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">in</font><font style="font-family: 'Century Gothic'; font-size: 9pt;"> 2023</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">, </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">resulting from higher personnel expenses (mainly variable compensation, in line with </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">the progression of results, and collective bargaining agreement), in addition to advisory and consultancy expenses related to expansion projects</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">. </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">At </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">Ipiranga</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">, sales, general and administrative expenses grew by </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">18</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">%</font> <font style="font-family: 'Century Gothic'; font-size: 9pt;">in </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">2023</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">, </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">resulting from higher personnel expenses (variable compensation, in line with the progression of results, and collective bargaining agreement), marketing and provisions for contingencies and for doubtful accounts</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">.</font></p>
<p style="font-size: 9pt; line-height: 130%; margin: 6pt 0pt 0pt;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold; text-decoration: underline;">Depreciation</font> <font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold; text-decoration: underline;">and</font> <font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold; text-decoration: underline;">amortization</font></p>
<p style="font-size: 9pt; line-height: 130%; margin: 6pt 0pt 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">Total depreciation and amortization costs and expenses in</font><font style="font-family: 'Century Gothic'; font-size: 9pt;"> 2023 were</font><font style="font-family: 'Century Gothic'; font-size: 9pt;"> R$ 1</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">,</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">753</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">.</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">7</font> <font style="font-family: 'Century Gothic'; font-size: 9pt;">million</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">, </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">up</font> <font style="font-family: 'Century Gothic'; font-size: 9pt;">15</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">% </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">compared to</font><font style="font-family: 'Century Gothic'; font-size: 9pt;"> 202</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">2</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">, </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">due to higher investments made in the last twelve months and higher amortization of contractual assets at </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">Ipiranga</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">.</font></p>
<p style="font-size: 9pt; line-height: 130%; margin: 6pt 0pt 0pt;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold; text-decoration: underline;">Other </font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold; text-decoration: underline;">operating</font> <font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold; text-decoration: underline;">results</font></p>
<p style="font-size: 9pt; line-height: 130%; margin: 6pt 0pt 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">The other operating results line registered a negative</font> <font style="font-family: 'Century Gothic'; font-size: 9pt;">R$ </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">602</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">.</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">9</font> <font style="font-family: 'Century Gothic'; font-size: 9pt;">million in</font> <font style="font-family: 'Century Gothic'; font-size: 9pt;">202</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">3</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">, </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">a worsening</font><font style="font-family: 'Century Gothic'; font-size: 9pt;"> of </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">R$ </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">88</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">.</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">3</font> <font style="font-family: 'Century Gothic'; font-size: 9pt;">million compared to</font><font style="font-family: 'Century Gothic'; font-size: 9pt;"> 202</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">2</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">, </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">due </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">mainly </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">to higher costs with carbon tax credits and the lower constitution of extemporaneous tax credits, both at </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">Ipiranga</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">.</font></p>
<p style="font-size: 9pt; line-height: 130%; margin: 6pt 0pt 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold; text-decoration: underline;">Results</font> <font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold; text-decoration: underline;">from</font> <font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold; text-decoration: underline;">disposal</font> <font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold; text-decoration: underline;">of</font> <font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold; text-decoration: underline;">assets</font></p>
<p style="font-size: 9pt; line-height: 130%; margin: 6pt 0pt 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">The results from disposal of assets line totaled</font> <font style="font-family: 'Century Gothic'; font-size: 9pt;">R$ </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">121</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">.</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">9</font> <font style="font-family: 'Century Gothic'; font-size: 9pt;">million in</font> <font style="font-family: 'Century Gothic'; font-size: 9pt;">202</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">3</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">, </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">a reduction of</font> <font style="font-family: 'Century Gothic'; font-size: 9pt;">R$ </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">47</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">.</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">4</font> <font style="font-family: 'Century Gothic'; font-size: 9pt;">million compared to</font> <font style="font-family: 'Century Gothic'; font-size: 9pt;">202</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">2</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">,</font><font style="font-family: 'Century Gothic'; font-size: 9pt; orphans: 0; widows: 0;">&nbsp;mainly</font>&nbsp;<font style="font-family: 'Century Gothic'; font-size: 9pt;">due to the elimination of the sale of </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">Ipiranga's</font> <font style="font-family: 'Century Gothic'; font-size: 9pt;">Rondon&#243;polis</font><font style="font-family: 'Century Gothic'; font-size: 9pt;"> base to </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">Ultracargo</font><font style="font-family: 'Century Gothic'; font-size: 9pt;"> in 2023</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">. </font></p>
<p style="font-size: 9pt; line-height: 130%; margin: 6pt 0pt 0pt;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold; text-decoration: underline;">Operating</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold; text-decoration: underline;"> income</font></p>
<p style="font-size: 10pt; line-height: 130%; margin: 6pt 0pt 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">Ultrapar registered an operating income of</font> <font style="font-family: 'Century Gothic'; font-size: 9pt;">R$ </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">4</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">,</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">565</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">.</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">9</font> <font style="font-family: 'Century Gothic'; font-size: 9pt;">million in</font> <font style="font-family: 'Century Gothic'; font-size: 9pt;">202</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">3</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">, </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">37</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">% </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">higher than</font><font style="font-family: 'Century Gothic'; font-size: 9pt;"> 202</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">2</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">, </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">due to the effects</font><font style="font-family: 'Century Gothic'; font-size: 9pt;"> described above</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">. </font></p>
<p style="font-size: 9pt; line-height: 130%; margin: 6pt 0pt 0pt;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold; text-decoration: underline;">Financial </font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold; text-decoration: underline;">result</font></p>
<p style="font-size: 10pt; line-height: 130%; margin: 6pt 0pt 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">Ultrapar reported net financial expenses of</font> <font style="font-family: 'Century Gothic'; font-size: 9pt;">R$ </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">999</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">.</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">1</font> <font style="font-family: 'Century Gothic'; font-size: 9pt;">million in </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">202</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">3</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">, </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">compared to net financial expenses of</font> <font style="font-family: 'Century Gothic'; font-size: 9pt;">R$ </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">1</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">,</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">469</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">.</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">2</font> <font style="font-family: 'Century Gothic'; font-size: 9pt;">million in</font><font style="font-family: 'Century Gothic'; font-size: 9pt;"> 202</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">2</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">, </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">mainly reflecting the lower net debt and the positive one-off result of</font><font style="font-family: 'Century Gothic'; font-size: 9pt;"> R$ 131</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">.</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">3</font> <font style="font-family: 'Century Gothic'; font-size: 9pt;">million from mark-to-market of hedges in 2023 compared to the negative one-off result of</font> <font style="font-family: 'Century Gothic'; font-size: 9pt;">R$ 384</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">.</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">3</font> <font style="font-family: 'Century Gothic'; font-size: 9pt;">million in</font><font style="font-family: 'Century Gothic'; font-size: 9pt;"> 2022</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">.</font></p>
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<p style="font-size: 9pt; line-height: 130%; margin: 0px; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold; text-decoration: underline;">Net income </font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold; text-decoration: underline;">from</font> <font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold; text-decoration: underline;">continuing</font> <font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold; text-decoration: underline;">operations</font></p>
<p style="font-size: 9pt; line-height: 130%; margin: 6pt 0pt 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">Net income from continuing operations totaled</font> <font style="font-family: 'Century Gothic'; font-size: 9pt;">R$ 2</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">,</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">517</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">.</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">8 </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">million in</font><font style="font-family: 'Century Gothic'; font-size: 9pt;"> 2023, </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">an increase of</font> <font style="font-family: 'Century Gothic'; font-size: 9pt;">64% </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">compared to</font><font style="font-family: 'Century Gothic'; font-size: 9pt;"> 2022, </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">mainly due to the higher </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">results</font><font style="font-family: 'Century Gothic'; font-size: 9pt;"> of the three main businesses and the lower net financial expenses</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">.</font></p>
<p style="font-size: 9pt; line-height: 130%; margin: 6pt 0pt 0pt;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold; text-decoration: underline;">Net income </font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold; text-decoration: underline;">from</font> <font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold; text-decoration: underline;">discontinued</font> <font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold; text-decoration: underline;">operations</font></p>
<p style="font-size: 9pt; line-height: 130%; margin: 6pt 0pt 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">Due to the divestments of </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">Oxiteno</font><font style="font-family: 'Century Gothic'; font-size: 9pt;"> and Extrafarma and the subsequent deconsolidation of their results in April and August 2022, respectively, no net </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">income</font><font style="font-family: 'Century Gothic'; font-size: 9pt;"> from discontinued operations was recorded in 2023</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">.</font></p>
<p style="font-size: 9pt; line-height: 130%; margin: 6pt 0pt 0pt;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold; text-decoration: underline;">Net income</font></p>
<p style="font-size: 9pt; line-height: 130%; margin: 6pt 0pt 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">As a result</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">, </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">Ultrapar&#8217;s</font><font style="font-family: 'Century Gothic'; font-size: 9pt;"> net income was</font><font style="font-family: 'Century Gothic'; font-size: 9pt;"> R$ 2</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">,</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">517</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">.</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">8 </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">million in</font><font style="font-family: 'Century Gothic'; font-size: 9pt;"> 2023, </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">an increase of</font><font style="font-family: 'Century Gothic'; font-size: 9pt;"> 37% </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">compared to</font><font style="font-family: 'Century Gothic'; font-size: 9pt;"> 2022. </font></p>
<p style="font-size: 9pt; line-height: 130%; margin: 6pt 0pt 0pt;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">Main changes in the statements of cash flows for the year ended December 31, </font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">202</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">3</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;"> compared with the year ended December 31, 202</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">2</font></p>
<p style="font-size: 9pt; line-height: 130%; margin: 6pt 0pt 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">We reported a cash flow generated from continuing operations of R$ 3,849.8 million in 2023, compared to R$ 1,974.1 million in 2022, due to the higher operational result of the businesses and </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">lower investment in working capital, </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">as a result of</font><font style="font-family: 'Century Gothic'; font-size: 9pt;"> fuel price reductions, partially offset by the reduction of R$ 1.6 billion in the draft discount balance</font> <font style="font-family: 'Century Gothic'; font-size: 9pt;">in 2023</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">. </font></p>
<p style="font-size: 9pt; line-height: 130%; margin: 6pt 0pt 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">Cash consumed by investment activities of continuing operations was R$ 1,021.6 million in 2023, compared to a generation of R$ 8,123.3 million in 2022, mainly due to the co</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">nclusion</font><font style="font-family: 'Century Gothic'; font-size: 9pt;"> of the&nbsp;divestments of </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">Oxiteno</font><font style="font-family: 'Century Gothic'; font-size: 9pt;"> and Extrafarma in 2022</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">.</font></p>
<p style="font-size: 9pt; line-height: 130%; margin: 6pt 0pt 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">I</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">n 2023, the cash consumption from financing activities of continuing operations was R$ 2,494.4 million, </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">R</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">$ 4,237.3 million lower than 2022, mainly due to the repurchase of debt securities in the </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">international market in 2022</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">. </font></p>
<p style="font-size: 9pt; line-height: 130%; margin: 6pt 0pt 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">As a result, the cash and cash equivalents balance totaled R$ 5,925.7 million in 2023</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">.</font></p>
<p style="font-size: 9pt; line-height: 130%; margin: 0px; text-align: justify; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;</font></p>
<h1 style="font-size: 9pt; line-height: 130%; margin: 0px; text-align: justify; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold; text-decoration: none;">2.2 - </font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold; text-decoration: none;">Comments on:</font></h1>
<p style="font-size: 9pt; line-height: 130%; margin: 10pt 0pt 10pt 14.2pt; text-align: justify; text-indent: -14.2pt;"><font style="font-family: Calibri; font-size: 10pt; font-weight: bold;">a.</font><font style="font: 7.0pt 'Times New Roman';">&nbsp; &nbsp;&nbsp;</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold; text-decoration: underline;">Company&#8217;s operating results, especially</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold; text-decoration: underline;">:</font></p>
<p style="font-size: 9pt; line-height: 130%; margin: 0px; text-align: justify; text-indent: 0px;"><font style="font-family: Calibri; font-size: 9pt; font-weight: bold; letter-spacing: -0.1pt;">&nbsp; &nbsp; &nbsp; &nbsp; i.&nbsp; &nbsp; &nbsp;</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">Description of major components of revenues</font></p>
<p style="font-size: 9pt; line-height: 130%; margin: 6pt 0pt 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">In</font><font style="font-family: 'Century Gothic'; font-size: 9pt;"> 202</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">3</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">, </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">more than</font><font style="font-family: 'Century Gothic'; font-size: 9pt;"> 90% </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">of consolidated net revenues of Ultrapar was generated by </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">Ipiranga</font><font style="font-family: 'Century Gothic'; font-size: 9pt;"> and </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">Ultragaz</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">. Therefore, the main components of these revenues come from diesel, gasoline, ethanol, and LPG sales. See &#8220;Item 2.2.c. Relevant effect of inflation, changes in prices of main inputs and products, foreign exchange and interest rates on the issuer&#8217;s operating and financial results&#8221;.</font></p>
<p style="font-size: 9pt; line-height: 130%; margin: 6pt 0pt 0pt 17.85pt; orphans: 0; text-align: justify; text-indent: -17.85pt; widows: 0;"><font style="font-family: Calibri; font-size: 9pt; font-weight: bold; letter-spacing: -0.1pt;">&nbsp; &nbsp; &nbsp; &nbsp;ii.&nbsp; &nbsp; &nbsp;</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">Factors that materially affected operating results</font></p>
<p style="font-size: 9pt; line-height: 130%; margin: 6pt 0pt 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">See &#8220;Item 2.1.h. Main changes in each term of the financial statements and cash flow&#8221;.</font></p>
<p style="font-size: 9pt; line-height: 130%; margin: 6pt 0pt 0pt 14.2pt; orphans: 0; text-align: justify; text-indent: -14.2pt; widows: 0;"><font style="font-family: Calibri; font-size: 10pt; font-weight: bold;">b.&nbsp; &nbsp;</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold; text-decoration: underline;">Relevant changes in revenues attributable to introduction of new products and services and changes in volumes, prices, exchange rates and inflation</font> </p>
<p style="font-size: 9pt; line-height: 130%; margin: 6pt 0pt 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">See &#8220;Item 2.1.h.&nbsp;<font style="color: #000000; font-family: 'Century Gothic'; font-size: 12px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Main changes in each term of the financial statements and cash flow</font>&#8221; and &#8220;Item 2.2.c. Relevant effect of inflation, changes in prices of main inputs and products, foreign exchange and interest rates on the issuer&#8217;s operating and financial results&#8221;</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">.</font></p>
<p style="font-size: 9pt; line-height: 130%; margin: 10pt 0pt 0pt; text-align: justify; text-indent: 0pt;"><font style="font-family: Calibri; font-size: 10pt; font-weight: bold;">c.&nbsp; &nbsp;</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold; text-decoration: underline;">Relevant effect of inflation, changes in prices of main inputs and products, foreign exchange and interest rates on the issuer&#8217;s operating and financial results</font></p>
<p style="font-size: 9pt; line-height: 130%; margin: 10pt 0pt 0pt; text-indent: 0pt;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold; text-decoration: underline;">Distribution of liquefied petroleum gas (LPG)</font></p>
<p style="font-size: 9pt; line-height: 130%; margin: 6pt 0pt 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">In November 2019, after a change in its pricing policy, Petrobras ended the price differentiation for bottled and bulk segments, and both were converted into a single price</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">.</font></p>
<p style="font-size: 9pt; line-height: 130%; margin: 0px; text-align: justify; text-indent: 0px;"><br></p>
<p style="font-size: 9pt; line-height: 130%; margin: 0pt 0pt 10pt; text-align: justify; text-indent: 0pt;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">In</font><font style="font-family: 'Century Gothic'; font-size: 9pt;"> recent years, Petrobras' pricing policy has followed international parity prices. The table below shows Petrobras' adjustments for LPG over the last three years</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">:</font></p>








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<p style="font-size: 8pt; line-height: 130%; margin: 6pt 0pt 0pt; page-break-after: avoid; text-align: center;"><font style="font-family: 'Century Gothic'; font-size: 8pt;">Jan-21</font></p>












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<p style="font-size: 8pt; line-height: 130%; margin: 6pt 0pt 0pt; page-break-after: avoid; text-align: center;"><font style="font-family: 'Century Gothic'; font-size: 8pt;">Fe</font><font style="font-family: 'Century Gothic'; font-size: 8pt;">b-</font><font style="font-family: 'Century Gothic'; font-size: 8pt;">21</font></p>












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<p style="font-size: 8pt; line-height: 130%; margin: 6pt 0pt 0pt; page-break-after: avoid; text-align: center;"><font style="font-family: 'Century Gothic'; font-size: 8pt;">5</font><font style="font-family: 'Century Gothic'; font-size: 8pt;">.</font><font style="font-family: 'Century Gothic'; font-size: 8pt;">0%</font></p>












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<p style="font-size: 8pt; line-height: 130%; margin: 6pt 0pt 0pt; page-break-after: avoid; text-align: center;"><font style="font-family: 'Century Gothic'; font-size: 8pt;">Mar-21</font></p>












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<p style="font-size: 8pt; line-height: 130%; margin: 6pt 0pt 0pt; page-break-after: avoid; text-align: center;"><font style="font-family: 'Century Gothic'; font-size: 8pt;">5</font><font style="font-family: 'Century Gothic'; font-size: 8pt;">.</font><font style="font-family: 'Century Gothic'; font-size: 8pt;">0%</font></p>












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<p style="font-size: 8pt; line-height: 130%; margin: 6pt 0pt 0pt; page-break-after: avoid; text-align: center;"><font style="font-family: 'Century Gothic'; font-size: 8pt;">A</font><font style="font-family: 'Century Gothic'; font-size: 8pt;">p</font><font style="font-family: 'Century Gothic'; font-size: 8pt;">r-21</font></p>












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<p style="font-size: 8pt; line-height: 130%; margin: 6pt 0pt 0pt; page-break-after: avoid; text-align: center;"><font style="font-family: 'Century Gothic'; font-size: 8pt;">5</font><font style="font-family: 'Century Gothic'; font-size: 8pt;">.</font><font style="font-family: 'Century Gothic'; font-size: 8pt;">0%</font></p>












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<p style="font-size: 8pt; line-height: 130%; margin: 6pt 0pt 0pt; page-break-after: avoid; text-align: center;"><font style="font-family: 'Century Gothic'; font-size: 8pt;">Jun-21</font></p>












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<p style="font-size: 8pt; line-height: 130%; margin: 6pt 0pt 0pt; page-break-after: avoid; text-align: center;"><font style="font-family: 'Century Gothic'; font-size: 8pt;">6</font><font style="font-family: 'Century Gothic'; font-size: 8pt;">.</font><font style="font-family: 'Century Gothic'; font-size: 8pt;">0%</font></p>












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<p style="font-size: 8pt; line-height: 130%; margin: 6pt 0pt 0pt; page-break-after: avoid; text-align: center;"><font style="font-family: 'Century Gothic'; font-size: 8pt;">Jul-21</font></p>












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<p style="font-size: 8pt; line-height: 130%; margin: 6pt 0pt 0pt; page-break-after: avoid; text-align: center;"><font style="font-family: 'Century Gothic'; font-size: 8pt;">6</font><font style="font-family: 'Century Gothic'; font-size: 8pt;">.</font><font style="font-family: 'Century Gothic'; font-size: 8pt;">0%</font></p>












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<p style="font-size: 8pt; line-height: 130%; margin: 6pt 0pt 0pt; page-break-after: avoid; text-align: center;"><font style="font-family: 'Century Gothic'; font-size: 8pt;">O</font><font style="font-family: 'Century Gothic'; font-size: 8pt;">c</font><font style="font-family: 'Century Gothic'; font-size: 8pt;">t-21</font></p>












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<p style="font-size: 8pt; line-height: 130%; margin: 6pt 0pt 0pt; page-break-after: avoid; text-align: center;"><font style="font-family: 'Century Gothic'; font-size: 8pt;">7</font><font style="font-family: 'Century Gothic'; font-size: 8pt;">.</font><font style="font-family: 'Century Gothic'; font-size: 8pt;">0%</font></p>












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<p style="font-size: 8pt; line-height: 130%; margin: 6pt 0pt 0pt; page-break-after: avoid; text-align: center;"><font style="font-family: 'Century Gothic'; font-size: 8pt;">Mar-22</font></p>












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<p style="font-size: 8pt; line-height: 130%; margin: 6pt 0pt 0pt; page-break-after: avoid; text-align: center;"><font style="font-family: 'Century Gothic'; font-size: 8pt;">16</font><font style="font-family: 'Century Gothic'; font-size: 8pt;">.</font><font style="font-family: 'Century Gothic'; font-size: 8pt;">2%</font></p>












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<p style="font-size: 8pt; line-height: 130%; margin: 6pt 0pt 0pt; page-break-after: avoid; text-align: center;"><font style="font-family: 'Century Gothic'; font-size: 8pt;">A</font><font style="font-family: 'Century Gothic'; font-size: 8pt;">p</font><font style="font-family: 'Century Gothic'; font-size: 8pt;">r-22</font></p>












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<p style="font-size: 8pt; line-height: 130%; margin: 6pt 0pt 0pt; page-break-after: avoid; text-align: center;"><font style="font-family: 'Century Gothic'; font-size: 8pt;">-5</font><font style="font-family: 'Century Gothic'; font-size: 8pt;">.</font><font style="font-family: 'Century Gothic'; font-size: 8pt;">6%</font></p>












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<p style="font-size: 8pt; line-height: 130%; margin: 6pt 0pt 0pt; page-break-after: avoid; text-align: center;"><font style="font-family: 'Century Gothic'; font-size: 8pt;">Se</font><font style="font-family: 'Century Gothic'; font-size: 8pt;">p-</font><font style="font-family: 'Century Gothic'; font-size: 8pt;">22</font></p>












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<p style="font-size: 8pt; line-height: 130%; margin: 6pt 0pt 0pt; page-break-after: avoid; text-align: center;"><font style="font-family: 'Century Gothic'; font-size: 8pt;">-</font><font style="font-family: 'Century Gothic'; font-size: 8pt;">10</font><font style="font-family: 'Century Gothic'; font-size: 8pt;">.</font><font style="font-family: 'Century Gothic'; font-size: 8pt;">4</font><font style="font-family: 'Century Gothic'; font-size: 8pt;">%</font></p>












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<p style="font-size: 8pt; line-height: 130%; margin: 6pt 0pt 0pt; page-break-after: avoid; text-align: center;"><font style="font-family: 'Century Gothic'; font-size: 8pt;">Nov-22</font></p>












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<p style="font-size: 8pt; line-height: 130%; margin: 6pt 0pt 0pt; page-break-after: avoid; text-align: center;"><font style="font-family: 'Century Gothic'; font-size: 8pt;">-5</font><font style="font-family: 'Century Gothic'; font-size: 8pt;">.</font><font style="font-family: 'Century Gothic'; font-size: 8pt;">3%</font></p>












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<p style="font-size: 8pt; line-height: 130%; margin: 6pt 0pt 0pt; page-break-after: avoid; text-align: center;"><font style="font-family: 'Century Gothic'; font-size: 8pt;">De</font><font style="font-family: 'Century Gothic'; font-size: 8pt;">c-</font><font style="font-family: 'Century Gothic'; font-size: 8pt;">22</font></p>












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<p style="font-size: 8pt; line-height: 130%; margin: 6pt 0pt 0pt; page-break-after: avoid; text-align: center;"><font style="font-family: 'Century Gothic'; font-size: 8pt;">-9</font><font style="font-family: 'Century Gothic'; font-size: 8pt;">.</font><font style="font-family: 'Century Gothic'; font-size: 8pt;">7%</font></p>












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<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; border-image: initial; border-width: 1px; border-color: #000000 !important; border-style: solid;">
<p style="font-size: 8pt; line-height: 130%; margin: 6pt 0pt 0pt; page-break-after: avoid; text-align: center;"><font style="font-family: 'Century Gothic'; font-size: 8pt;">Ma</font><font style="font-family: 'Century Gothic'; font-size: 8pt;">y-</font><font style="font-family: 'Century Gothic'; font-size: 8pt;">23</font></p>












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<p style="font-size: 8pt; line-height: 130%; margin: 6pt 0pt 0pt; page-break-after: avoid; text-align: center;"><font style="font-family: 'Century Gothic'; font-size: 8pt;">-21</font><font style="font-family: 'Century Gothic'; font-size: 8pt;">.</font><font style="font-family: 'Century Gothic'; font-size: 8pt;">1%</font></p>












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<p style="font-size: 8pt; line-height: 130%; margin: 6pt 0pt 0pt; page-break-after: avoid; text-align: center;"><font style="font-family: 'Century Gothic'; font-size: 8pt;">Jul-23</font></p>












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<p style="font-size: 8pt; line-height: 130%; margin: 6pt 0pt 0pt; page-break-after: avoid; text-align: center;"><font style="font-family: 'Century Gothic'; font-size: 8pt;">-3</font><font style="font-family: 'Century Gothic'; font-size: 8pt;">.</font><font style="font-family: 'Century Gothic'; font-size: 8pt;">9%</font></p>












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<p style="font-size: 9pt; line-height: 130%; margin: 0px; text-align: justify; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">Any sharp fluctuation in LPG prices may impact </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">Ultragaz's</font><font style="font-family: 'Century Gothic'; font-size: 9pt;"> results if it is unable to pass through the costs or if the sales volume is impacted by higher prices. In addition, LPG bulk sales are correlated to economic growth, and thus, an acceleration or deceleration of the Brazilian GDP growth can affect </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">Ultragaz's</font><font style="font-family: 'Century Gothic'; font-size: 9pt;"> total sales volume</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">.</font> <font style="font-family: 'Century Gothic'; font-size: 9pt;">According to ANP data,</font> <font style="font-family: 'Century Gothic'; font-size: 9pt;">total volume grew by 1%</font><font style="font-family: 'Century Gothic'; font-size: 9pt;"> in</font><font style="font-family: 'Century Gothic'; font-size: 9pt;"> 202</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">3</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">, </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">due to the increase of 5% in the bulk segment, driven by the country's economic growth, partially offset by the 1% drop in the bottled segment, due to lower market demand</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">.</font></p>
<p style="font-size: 9pt; line-height: 130%; margin: 6pt 0pt 0pt;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold; text-decoration: underline;">Fuel</font> <font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold; text-decoration: underline;">distribution</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold; text-decoration: underline;"> business</font></p>
<p style="font-size: 9pt; line-height: 130%; margin: 10pt 0pt; text-align: justify; text-indent: 0pt;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">In 2022, oil prices showed high volatility, </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">as a result of</font><font style="font-family: 'Century Gothic'; font-size: 9pt;"> uncertainties regarding the supply of derivatives, mainly due to the conflict between Russia and Ukraine. During this period, Petrobras maintained its price adjustment policy for diesel and gasoline linked to the international market, and the Brazilian government took measures to reduce fuel costs, such as exemptions from federal taxes and reductions in state taxes</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">.</font></p>
<p style="font-size: 9pt; line-height: 130%; margin: 0px; text-align: justify; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">In 2023, Petrobras announced the adoption of a new policy that, in addition to considering the international market, </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">takes into account</font><font style="font-family: 'Century Gothic'; font-size: 9pt;"> domestic references, such as the alternative cost for the customer and the marginal value for the company.</font></p>
<p style="font-size: 9pt; line-height: 130%; margin: 6pt 0pt 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">The charts below show the changes in the acquisition prices, by distributors, for gasoline and diesel at Petrobras refineries</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">.</font></p>
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<p style="font-size: 9pt; line-height: 130%; margin: 6pt 0pt 0pt; orphans: 0; widows: 0;"><br></p>
<p style="font-size: 9pt; line-height: 130%; margin: 6pt 0pt 0pt; text-align: center;"><img src="img7f97dc37a0ff4f85a099.jpg" alt="Graphics"></p>
<p style="font-size: 6pt; line-height: 130%; margin: 6pt 0pt 0pt; text-align: center;"><font style="font-size: 8pt;"><font style="font-family: 'Century Gothic';">Source</font><font style="font-family: 'Century Gothic';">: </font><font style="font-family: 'Century Gothic';">P</font><font style="font-family: 'Century Gothic';">etrobras, Nymex, Bacen and Argus. Import parity prices are referenced in prices of the port of Paranagu&#225;.</font></font></p>
<p style="font-size: 9pt; line-height: 130%; margin: 6pt 0pt 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">The volume sold of gasoline and ethanol (Otto cycle) is mainly influenced by the circulating fleet of light vehicles, which, according to </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">Anfavea</font><font style="font-family: 'Century Gothic'; font-size: 9pt;"> data, registered approximately 2 million new vehicles licensed in Brazil in</font> <font style="font-family: 'Century Gothic'; font-size: 9pt;">202</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">3</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">. </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">The volume of diesel is correlated to the performance of the</font> <font style="font-family: 'Century Gothic'; font-size: 9pt;">Brazilian economy, mainly in the agricultural and consumer goods segments</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">. </font></p>
<p style="font-size: 9pt; line-height: 130%; margin: 6pt 0pt 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">The increase in fuel consumption may positively affect the volume sold by </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">Ipiranga</font><font style="font-family: 'Century Gothic'; font-size: 9pt;"> and its results. According to ANP data, the fuel distribution market (gasoline, ethanol, and diesel) showed a</font> <font style="font-family: 'Century Gothic'; font-size: 9pt;">growth of 5% compared to 2022, with an increase of 6% in the Otto cycle and 4% in diesel</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">.</font></p>
<p style="font-size: 9pt; line-height: 130%; margin: 6pt 0pt 0pt;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold; text-decoration: underline;">Effects of inflation over operating costs and expenses</font></p>
<p style="font-size: 9pt; line-height: 130%; margin: 6pt 0pt 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">Ultrapar&#8217;s</font><font style="font-family: 'Century Gothic'; font-size: 9pt;"> operating costs and expenses are substantially in </font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-style: italic;">Reais</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">, thus influenced by the general price levels in the Brazilian economy</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">. </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">In</font> <font style="font-family: 'Century Gothic'; font-size: 9pt;">2023, </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">2022</font> <font style="font-family: 'Century Gothic'; font-size: 9pt;">and </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">2021, </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">the variation of IPCA (Consumer Prices Index), the index adopted by the Brazilian government to set inflation targets, was</font> <font style="font-family: 'Century Gothic'; font-size: 9pt;">4</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">.</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">6%, </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">5</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">.</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">8%</font> <font style="font-family: 'Century Gothic'; font-size: 9pt;">and </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">10</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">.</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">1%, </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">respectively</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">. </font></p>
<p style="font-size: 9pt; line-height: 130%; margin: 6pt 0pt 0pt;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold; text-decoration: underline;">Financial </font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold; text-decoration: underline;">result</font></p>
<p style="font-size: 9pt; line-height: 130%; margin: 6pt 0pt 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">Ultrapar's</font><font style="font-family: 'Century Gothic'; font-size: 9pt;"> net financial result mainly includes interest income and expenses on financial investments and financing and exchange rate variation. Therefore, the main impacts and risks of exchange and interest rates are described in the sections below.</font></p>
<p style="font-size: 9pt; line-height: 130%; margin: 6pt 0pt 0pt;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold; text-decoration: underline;">Exchange rate</font></p>
<p style="font-size: 9pt; line-height: 130%; margin: 6pt 0pt 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">Most of Ultrapar's</font><font style="font-family: 'Century Gothic'; font-size: 9pt;"> operations, through its subsidiaries, </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">are located in</font><font style="font-family: 'Century Gothic'; font-size: 9pt;"> Brazil and, therefore, the reference currency for the risk management of currency is the Brazilian <font style="font-style: italic;">Real.</font> 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. </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">Ultrapar</font><font style="font-family: 'Century Gothic'; font-size: 9pt;"> considers as its main currency exposures the changes in assets and liabilities in foreign currency. </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">Ultrapar</font><font style="font-family: 'Century Gothic'; font-size: 9pt;"> and its subsidiaries use exchange rate hedging instruments (especially between the Brazilian <font style="font-style: italic;">Real</font> and the U.S. dollar) available in the financial market to protect their assets, liabilities, receipts and disbursements in foreign currency and net investments in foreign operations. Hedge is used </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">in order to</font><font style="font-family: 'Century Gothic'; font-size: 9pt;"> reduce the effects of exchange rates on the Company&#8217;s income and cash flows in Brazilian <font style="font-style: italic;">Reais</font> within the exposure limits of its Policy. Such exchange hedging instruments have amounts, periods and rates substantially equivalent to those of assets, liabilities, </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">receipts</font><font style="font-family: 'Century Gothic'; font-size: 9pt;"> and disbursements in foreign currencies to which they are related. Assets and liabilities in foreign currencies, converted to Brazilian <font style="font-style: italic;">Reais </font>on December 31,</font> <font style="font-family: 'Century Gothic'; font-size: 9pt;">202</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">3</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">, are stated below</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">:</font></p>
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<p style="font-size: 8pt; line-height: 130%; margin: 6pt 0pt 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 8pt; font-weight: bold;">(R$ million)</font></p>











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<p style="font-size: 8pt; line-height: 130%; margin: 6pt 0pt 0pt; text-align: center;"><font style="font-family: 'Century Gothic'; font-size: 8pt; font-weight: bold;">12/31</font><font style="font-family: 'Century Gothic'; font-size: 8pt; font-weight: bold;">/202</font><font style="font-family: 'Century Gothic'; font-size: 8pt; font-weight: bold;">3</font></p>











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<p style="font-size: 8pt; line-height: 130%; margin: 6pt 0pt 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 8pt; font-weight: bold;">Assets in foreign currency</font></p>











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<p style="font-size: 8pt; line-height: 130%; margin: 6pt 0pt 0pt;"><font style="font-family: 'Century Gothic'; font-size: 8pt;">Cash, cash equivalents and financial investments in foreign</font> <font style="font-family: 'Century Gothic'; font-size: 8pt;">currency (except hedging instruments)</font></p>











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<p style="font-size: 8pt; line-height: 130%; margin: 6pt 0pt 0pt; text-align: center;"><font style="font-family: 'Century Gothic'; font-size: 8pt;">371</font><font style="font-family: 'Century Gothic'; font-size: 8pt;">.</font><font style="font-family: 'Century Gothic'; font-size: 8pt;">5</font></p>











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<p style="font-size: 8pt; line-height: 130%; margin: 6pt 0pt 0pt;"><font style="font-family: 'Century Gothic'; font-size: 8pt;">Foreign trade receivables, net of allowance for expected credit</font> <font style="font-family: 'Century Gothic'; font-size: 8pt;">losses</font></p>











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<p style="font-size: 8pt; line-height: 130%; margin: 6pt 0pt 0pt; text-align: center;"><font style="font-family: 'Century Gothic'; font-size: 8pt;">84</font><font style="font-family: 'Century Gothic'; font-size: 8pt;">.</font><font style="font-family: 'Century Gothic'; font-size: 8pt;">9</font></p>











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<p style="font-size: 8pt; line-height: 130%; margin: 6pt 0pt 0pt;"><font style="font-family: 'Century Gothic'; font-size: 8pt;">Other receivables</font></p>











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<p style="font-size: 8pt; line-height: 130%; margin: 6pt 0pt 0pt; text-align: center;"><font style="font-family: 'Century Gothic'; font-size: 8pt;">715</font><font style="font-family: 'Century Gothic'; font-size: 8pt;">.</font><font style="font-family: 'Century Gothic'; font-size: 8pt;">9</font></p>











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<p style="font-size: 8pt; line-height: 130%; margin: 6pt 0pt 0pt;"><font style="font-family: 'Century Gothic'; font-size: 8pt;">Other assets of foreign subsidiaries</font></p>











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<p style="font-size: 8pt; line-height: 130%; margin: 6pt 0pt 0pt; text-align: center;"><font style="font-family: 'Century Gothic'; font-size: 8pt;">152</font><font style="font-family: 'Century Gothic'; font-size: 8pt;">.</font><font style="font-family: 'Century Gothic'; font-size: 8pt;">4</font></p>











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<p style="font-size: 8pt; line-height: 130%; margin: 6pt 0pt 0pt; text-align: center;"><br></p>











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<p style="font-size: 8pt; line-height: 130%; margin: 6pt 0pt 0pt; text-align: center;"><font style="font-family: 'Century Gothic'; font-size: 8pt; font-weight: bold;">1</font><font style="font-family: 'Century Gothic'; font-size: 8pt; font-weight: bold;">,</font><font style="font-family: 'Century Gothic'; font-size: 8pt; font-weight: bold;">324</font><font style="font-family: 'Century Gothic'; font-size: 8pt; font-weight: bold;">.</font><font style="font-family: 'Century Gothic'; font-size: 8pt; font-weight: bold;">6</font></p>











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<p style="font-size: 8pt; line-height: 130%; margin: 6pt 0pt 0pt;"><font style="font-family: 'Century Gothic'; font-size: 8pt; font-weight: bold;">Liabilities in foreign currency</font></p>











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<p style="font-size: 8pt; line-height: 130%; margin: 6pt 0pt 0pt;"><font style="font-family: 'Century Gothic'; font-size: 8pt;">Financing in foreign currency, gross of transaction costs and</font> <font style="font-family: 'Century Gothic'; font-size: 8pt;">negative goodwill of notes in the foreign market</font></p>











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<p style="font-size: 8pt; line-height: 130%; margin: 6pt 0pt 0pt; text-align: center;"><font style="font-family: 'Century Gothic'; font-size: 8pt;">(</font><font style="font-family: 'Century Gothic'; font-size: 8pt;">5</font><font style="font-family: 'Century Gothic'; font-size: 8pt;">,</font><font style="font-family: 'Century Gothic'; font-size: 8pt;">297</font><font style="font-family: 'Century Gothic'; font-size: 8pt;">.</font><font style="font-family: 'Century Gothic'; font-size: 8pt;">0</font><font style="font-family: 'Century Gothic'; font-size: 8pt;">)</font></p>











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<p style="font-size: 8pt; line-height: 130%; margin: 6pt 0pt 0pt;"><font style="font-family: 'Century Gothic'; font-size: 8pt;">Payables</font> <font style="font-family: 'Century Gothic'; font-size: 8pt;">arising</font> <font style="font-family: 'Century Gothic'; font-size: 8pt;">from</font> <font style="font-family: 'Century Gothic'; font-size: 8pt;">imports</font></p>











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<p style="font-size: 8pt; line-height: 130%; margin: 6pt 0pt 0pt; text-align: center;"><font style="font-family: 'Century Gothic'; font-size: 8pt;">(</font><font style="font-family: 'Century Gothic'; font-size: 8pt;">1</font><font style="font-family: 'Century Gothic'; font-size: 8pt;">,</font><font style="font-family: 'Century Gothic'; font-size: 8pt;">730</font><font style="font-family: 'Century Gothic'; font-size: 8pt;">.</font><font style="font-family: 'Century Gothic'; font-size: 8pt;">4</font><font style="font-family: 'Century Gothic'; font-size: 8pt;">)</font></p>











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<p style="font-size: 8pt; line-height: 130%; margin: 6pt 0pt 0pt; text-align: center;"><br></p>











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<p style="font-size: 8pt; line-height: 130%; margin: 6pt 0pt 0pt; text-align: center;"><font style="font-family: 'Century Gothic'; font-size: 8pt; font-weight: bold;">(7</font><font style="font-family: 'Century Gothic'; font-size: 8pt; font-weight: bold;">,</font><font style="font-family: 'Century Gothic'; font-size: 8pt; font-weight: bold;">027</font><font style="font-family: 'Century Gothic'; font-size: 8pt; font-weight: bold;">.</font><font style="font-family: 'Century Gothic'; font-size: 8pt; font-weight: bold;">4</font><font style="font-family: 'Century Gothic'; font-size: 8pt; font-weight: bold;">)</font></p>











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<p style="font-size: 8pt; line-height: 130%; margin: 6pt 0pt 0pt;"><font style="font-family: 'Century Gothic'; font-size: 8pt;">Balance (gross) of foreign currency hedging instruments</font></p>











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<p style="font-size: 8pt; line-height: 130%; margin: 6pt 0pt 0pt; text-align: center;"><font style="font-family: 'Century Gothic'; font-size: 8pt;">5</font><font style="font-family: 'Century Gothic'; font-size: 8pt;">,</font><font style="font-family: 'Century Gothic'; font-size: 8pt;">309</font><font style="font-family: 'Century Gothic'; font-size: 8pt;">.</font><font style="font-family: 'Century Gothic'; font-size: 8pt;">1</font></p>











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<p style="font-size: 8pt; line-height: 130%; margin: 6pt 0pt 0pt;"><font style="font-family: 'Century Gothic'; font-size: 8pt;">&nbsp;</font></p>











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<p style="font-size: 8pt; line-height: 130%; margin: 6pt 0pt 0pt; text-align: center;"><font style="font-family: 'Century Gothic'; font-size: 8pt;">&nbsp;</font></p>











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<p style="font-size: 8pt; line-height: 130%; margin: 6pt 0pt 0pt;"><font style="font-family: 'Century Gothic'; font-size: 8pt; font-weight: bold;">Net liability position - total</font></p>











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<p style="font-size: 8pt; line-height: 130%; margin: 6pt 0pt 0pt; text-align: center;"><font style="font-family: 'Century Gothic'; font-size: 8pt; font-weight: bold;">(</font><font style="font-family: 'Century Gothic'; font-size: 8pt; font-weight: bold;">393</font><font style="font-family: 'Century Gothic'; font-size: 8pt; font-weight: bold;">.</font><font style="font-family: 'Century Gothic'; font-size: 8pt; font-weight: bold;">7</font><font style="font-family: 'Century Gothic'; font-size: 8pt; font-weight: bold;">)</font></p>











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<p style="font-size: 8pt; line-height: 130%; margin: 6pt 0pt 0pt;"><font style="font-family: 'Century Gothic'; font-size: 8pt;">Net liability position - effect on statement of income</font></p>











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<p style="font-size: 8pt; line-height: 130%; margin: 6pt 0pt 0pt; text-align: center;"><font style="font-family: 'Century Gothic'; font-size: 8pt;">(</font><font style="font-family: 'Century Gothic'; font-size: 8pt;">382</font><font style="font-family: 'Century Gothic'; font-size: 8pt;">.</font><font style="font-family: 'Century Gothic'; font-size: 8pt;">9)</font></p>











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<p style="font-size: 8pt; line-height: 130%; margin: 6pt 0pt 0pt;"><font style="font-family: 'Century Gothic'; font-size: 8pt;">Net liability position - effect on equity</font></p>











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<p style="font-size: 8pt; line-height: 130%; margin: 6pt 0pt 0pt; text-align: center;"><font style="font-family: 'Century Gothic'; font-size: 8pt;">(10</font><font style="font-family: 'Century Gothic'; font-size: 8pt;">.</font><font style="font-family: 'Century Gothic'; font-size: 8pt;">9)</font></p>











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<p style="font-size: 9pt; line-height: 130%; margin: 0px; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-style: italic; font-weight: bold;">Sensitivity analysis of assets and liabilities in foreign currency</font></p>
<p style="font-size: 9pt; line-height: 130%; margin: 6pt 0pt 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">The table below shows the effects of exchange variation in different scenarios, based on the net liability position of</font> <font style="font-family: 'Century Gothic'; font-size: 9pt;">R$ </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">393</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">.</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">7</font> <font style="font-family: 'Century Gothic'; font-size: 9pt;">million in foreign currency on December 31</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">, </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">202</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">3</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">:</font></p>
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<p style="font-size: 8pt; line-height: 130%; margin: 6pt 0pt 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 8pt; font-weight: bold;">R$ million</font></p>











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<p style="font-size: 8pt; line-height: 130%; margin: 6pt 0pt 0pt; orphans: 0; text-align: center; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 8pt; font-weight: bold; text-decoration: underline;">Risk</font></p>











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<p style="font-size: 8pt; line-height: 130%; margin: 6pt 0pt 0pt; orphans: 0; text-align: center; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 8pt; font-weight: bold; text-decoration: underline;">Base</font></p>











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<p style="font-size: 8pt; line-height: 130%; margin: 6pt 0pt 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 8pt;">&nbsp;</font></p>











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<p style="font-size: 8pt; line-height: 130%; margin: 6pt 0pt 0pt; orphans: 0; text-align: center; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 8pt;">&nbsp;</font></p>











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<td style="vertical-align: top; padding: 0px; height: 10px;" valign="top">
<p style="font-size: 8pt; line-height: 130%; margin: 6pt 0pt 0pt; orphans: 0; text-align: center; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 8pt; font-weight: bold; text-decoration: underline;">Scenario</font></p>











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<p style="font-size: 8pt; line-height: 130%; margin: 6pt 0pt 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 8pt;">Effect on statement of income</font></p>











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<p style="font-size: 8pt; line-height: 130%; margin: 6pt 0pt 0pt; orphans: 0; text-align: center; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 8pt;">Real devaluation</font></p>











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<p style="font-size: 8pt; line-height: 130%; margin: 6pt 0pt 0pt; orphans: 0; text-align: center; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 8pt;">(</font><font style="font-family: 'Century Gothic'; font-size: 8pt;">7</font><font style="font-family: 'Century Gothic'; font-size: 8pt;">.</font><font style="font-family: 'Century Gothic'; font-size: 8pt;">9</font><font style="font-family: 'Century Gothic'; font-size: 8pt;">)</font></p>











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<p style="font-size: 8pt; line-height: 130%; margin: 6pt 0pt 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 8pt;">Effect on equity</font></p>











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<p style="font-size: 8pt; line-height: 130%; margin: 6pt 0pt 0pt; orphans: 0; text-align: center; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 8pt;">Real devaluation</font></p>











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<p style="font-size: 8pt; line-height: 130%; margin: 6pt 0pt 0pt; orphans: 0; text-align: center; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 8pt;">(0</font><font style="font-family: 'Century Gothic'; font-size: 8pt;">.</font><font style="font-family: 'Century Gothic'; font-size: 8pt;">2)</font></p>











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<tr style="height: 22px;">
<td style="vertical-align: middle; border-top-width: 1px; border-top-style: solid; border-bottom-width: 2.8pt; border-bottom-style: double; border-top-color: #000000 !important; border-bottom-color: #000000 !important; height: 22px;"></td>
<td style="vertical-align: middle; border-top-width: 1px; border-top-style: solid; border-bottom-width: 2.8pt; border-bottom-style: double; border-top-color: #000000 !important; border-bottom-color: #000000 !important; height: 22px;">
<p style="font-size: 8pt; line-height: 130%; margin: 6pt 0pt 0pt; orphans: 0; text-align: center; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 8pt; font-weight: bold;">Net effect</font></p>











</td>
<td style="vertical-align: middle; border-top-width: 1px; border-top-style: solid; border-bottom-width: 2.8pt; border-bottom-style: double; border-top-color: #000000 !important; border-bottom-color: #000000 !important; height: 22px;">
<p style="font-size: 8pt; line-height: 130%; margin: 6pt 0pt 0pt; orphans: 0; text-align: center; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 8pt; font-weight: bold;">(8</font><font style="font-family: 'Century Gothic'; font-size: 8pt; font-weight: bold;">.</font><font style="font-family: 'Century Gothic'; font-size: 8pt; font-weight: bold;">2)</font></p>











</td>











</tr>
<tr style="height: 21px;">
<td style="vertical-align: middle; height: 21px;">
<p style="font-size: 8pt; line-height: 130%; margin: 6pt 0pt 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 8pt;">Effect on statement of income</font></p>











</td>
<td style="vertical-align: middle; height: 21px;">
<p style="font-size: 8pt; line-height: 130%; margin: 6pt 0pt 0pt; orphans: 0; text-align: center; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 8pt;">Real appreciation</font></p>











</td>
<td style="vertical-align: middle; height: 21px;">
<p style="font-size: 8pt; line-height: 130%; margin: 6pt 0pt 0pt; orphans: 0; text-align: center; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 8pt;">7</font><font style="font-family: 'Century Gothic'; font-size: 8pt;">.</font><font style="font-family: 'Century Gothic'; font-size: 8pt;">9</font></p>











</td>











</tr>
<tr style="height: 21px;">
<td style="vertical-align: middle; height: 21px;">
<p style="font-size: 8pt; line-height: 130%; margin: 6pt 0pt 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 8pt;">Effect on equity</font></p>











</td>
<td style="vertical-align: middle; height: 21px;">
<p style="font-size: 8pt; line-height: 130%; margin: 6pt 0pt 0pt; orphans: 0; text-align: center; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 8pt;">Real appreciation</font></p>











</td>
<td style="vertical-align: middle; height: 21px;">
<p style="font-size: 8pt; line-height: 130%; margin: 6pt 0pt 0pt; orphans: 0; text-align: center; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 8pt;">0</font><font style="font-family: 'Century Gothic'; font-size: 8pt;">.</font><font style="font-family: 'Century Gothic'; font-size: 8pt;">2</font></p>











</td>











</tr>
<tr style="height: 22px;">
<td style="vertical-align: middle; border-top-width: 1px; border-top-style: solid; border-bottom-width: 2.8pt; border-bottom-style: double; border-top-color: #000000 !important; border-bottom-color: #000000 !important; height: 22px;">
<p style="font-size: 8pt; line-height: 130%; margin: 6pt 0pt 0pt; orphans: 0; text-align: justify; widows: 0;"><br></p>











</td>
<td style="vertical-align: middle; border-top-width: 1px; border-top-style: solid; border-bottom-width: 2.8pt; border-bottom-style: double; border-top-color: #000000 !important; border-bottom-color: #000000 !important; height: 22px;">
<p style="font-size: 8pt; line-height: 130%; margin: 6pt 0pt 0pt; orphans: 0; text-align: center; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 8pt; font-weight: bold;">Net effect</font></p>











</td>
<td style="vertical-align: middle; border-top-width: 1px; border-top-style: solid; border-bottom-width: 2.8pt; border-bottom-style: double; border-top-color: #000000 !important; border-bottom-color: #000000 !important; height: 22px;">
<p style="font-size: 8pt; line-height: 130%; margin: 6pt 0pt 0pt; orphans: 0; text-align: center; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 8pt; font-weight: bold;">8</font><font style="font-family: 'Century Gothic'; font-size: 8pt; font-weight: bold;">.</font><font style="font-family: 'Century Gothic'; font-size: 8pt; font-weight: bold;">2</font></p>











</td>











</tr>























</table>
<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'>63</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;"><a href="#TOC"></a><br></div>










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</div><div style="font-family: 'times new roman', times; font-size: 10pt;">
<div style="width: 8.5in; margin: 0 auto;">
<p style="font-size: 9pt; line-height: 1.2; margin: 6pt 0pt 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold; text-decoration: underline; line-height: inherit;">Interest rate risk</font></p>
<p style="font-size: 9pt; line-height: 1.2; margin: 6pt 0pt 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">Ultrapar</font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;"> and its subsidiaries adopt policies for borrowing and investing financial resources and for capital cost minimization. The financial investments of </font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">Ultrapar</font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;"> and its subsidiaries are primarily held in transactions linked to the DI, as set forth in note</font> <font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">4</font> <font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">to our</font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;"> 202</font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">3</font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;"> consolidated financial statements</font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">. </font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">Borrowings primarily relate to financing from debentures and borrowings in foreign currency </font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">funding, as shown in note</font> <font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">1</font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">5</font> <font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">to our 2023 consolidated financial statements</font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">. </font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">Ultrapar</font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;"> seeks to maintain most of its financial assets and interest liabilities at floating rates</font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">.</font></p>
<p style="font-size: 9pt; line-height: 1.2; margin: 6pt 0pt 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">The financial assets and liabilities exposed to floating interest rates on December 31,</font> <font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">202</font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">3 are shown in the table below</font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">:</font></p>
<p style="font-size: 9pt; line-height: 1.2; margin: 6pt 0pt 0pt; text-align: justify;"><br></p>
<table cellspacing="0" cellpadding="0" style="border-collapse: collapse; margin: 0pt 7.05pt 0pt 0.1px; font-family: 'times new roman'; font-size: 10pt; width: 100%; float: left; height: 177px;" width="100%">

<tr style="height: 11px;">
<td style="width: 76%; height: 11px; vertical-align: bottom;" valign="bottom">
<p style="font-size: 8pt; line-height: 130%; margin: 6pt 0pt 0pt; orphans: 0; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 8pt; font-weight: bold; line-height: inherit;">R$ million</font></p>






</td>
<td style="vertical-align: middle; width: 12%; height: 11px;">
<p style="font-size: 8pt; line-height: 130%; margin: 0pt; orphans: 0; text-align: center; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 8pt; font-weight: bold; line-height: inherit;">Note</font></p>






</td>
<td style="vertical-align: middle; width: 12%; height: 11px;">
<p style="font-size: 8pt; line-height: 130%; margin: 6pt 0pt 0pt; orphans: 0; text-align: center; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 8pt; font-weight: bold; line-height: inherit;">12/31/</font><font style="font-family: 'Century Gothic'; font-size: 8pt; font-weight: bold; line-height: inherit;">202</font><font style="font-family: 'Century Gothic'; font-size: 8pt; font-weight: bold; line-height: inherit;">3</font></p>






</td>






</tr>
<tr style="height: 22px;">
<td style="height: 22px; vertical-align: bottom;" valign="bottom">
<p style="font-size: 8pt; line-height: 130%; margin: 6pt 0pt 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 8pt; font-weight: bold; line-height: inherit;">DI</font></p>






</td>
<td style="vertical-align: top; height: 22px;"></td>
<td style="vertical-align: top; height: 22px;"></td>






</tr>
<tr style="height: 21px;">
<td style="height: 21px; vertical-align: bottom;" valign="bottom">
<p style="font-size: 8pt; line-height: 130%; margin: 6pt 0pt 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">Cash equivalents</font></p>






</td>
<td style="height: 21px; vertical-align: bottom;" valign="bottom">
<p style="font-size: 8pt; line-height: 130%; margin: 6pt 0pt 0pt; orphans: 0; text-align: center; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">4</font><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">.a</font></p>






</td>
<td style="height: 21px; vertical-align: bottom;" valign="bottom">
<p style="font-size: 8pt; line-height: 130%; margin: 6pt 0pt 0pt; orphans: 0; text-align: center; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">5</font><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">,</font><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">476</font><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">.</font><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">7</font></p>






</td>






</tr>
<tr style="height: 21px;">
<td style="height: 21px; vertical-align: bottom;" valign="bottom">
<p style="font-size: 8pt; line-height: 130%; margin: 6pt 0pt 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">Financial investments</font></p>






</td>
<td style="height: 21px; vertical-align: bottom;" valign="bottom">
<p style="font-size: 8pt; line-height: 130%; margin: 6pt 0pt 0pt; orphans: 0; text-align: center; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">4</font><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">.b</font></p>






</td>
<td style="height: 21px; vertical-align: bottom;" valign="bottom">
<p style="font-size: 8pt; line-height: 130%; margin: 6pt 0pt 0pt; orphans: 0; text-align: center; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">82</font><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">.</font><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">6</font></p>






</td>






</tr>
<tr style="height: 10px;">
<td style="height: 10px; vertical-align: bottom;" valign="bottom">
<p style="font-size: 8pt; line-height: 130%; margin: 6pt 0pt 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">Trade receivables - sale of subsidiaries</font></p>






</td>
<td style="height: 10px; vertical-align: bottom;" valign="bottom">
<p style="font-size: 8pt; line-height: 130%; margin: 6pt 0pt 0pt; orphans: 0; text-align: center; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">5.c</font></p>






</td>
<td style="height: 10px; vertical-align: bottom;" valign="bottom">
<p style="font-size: 8pt; line-height: 130%; margin: 6pt 0pt 0pt; orphans: 0; text-align: center; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">208</font><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">.</font><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">5</font></p>






</td>






</tr>
<tr style="height: 10px;">
<td style="height: 10px; vertical-align: bottom;" valign="bottom">
<p style="font-size: 8pt; line-height: 130%; margin: 6pt 0pt 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">Loans and debentures</font></p>






</td>
<td style="height: 10px; vertical-align: bottom;" valign="bottom">
<p style="font-size: 8pt; line-height: 130%; margin: 6pt 0pt 0pt; orphans: 0; text-align: center; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">1</font><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">5</font></p>






</td>
<td style="height: 10px; vertical-align: bottom;" valign="bottom">
<p style="font-size: 8pt; line-height: 130%; margin: 6pt 0pt 0pt; orphans: 0; text-align: center; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">(</font><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">1</font><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">,</font><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">242</font><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">.</font><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">5</font><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">)</font></p>






</td>






</tr>
<tr style="height: 10px;">
<td style="height: 10px; vertical-align: bottom;" valign="bottom">
<p style="font-size: 8pt; line-height: 130%; margin: 6pt 0pt 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">Liability position of foreign exchange hedging</font> <font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">instruments - DI</font></p>






</td>
<td style="height: 10px; vertical-align: bottom;" valign="bottom">
<p style="font-size: 8pt; line-height: 130%; margin: 6pt 0pt 0pt; orphans: 0; text-align: center; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">27</font><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">.g</font></p>






</td>
<td style="height: 10px; vertical-align: bottom;" valign="bottom">
<p style="font-size: 8pt; line-height: 130%; margin: 6pt 0pt 0pt; orphans: 0; text-align: center; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">(</font><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">4</font><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">,</font><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">629</font><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">.</font><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">5</font><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">)</font></p>






</td>






</tr>
<tr style="height: 10px;">
<td style="height: 10px; vertical-align: bottom;" valign="bottom">
<p style="font-size: 8pt; line-height: 130%; margin: 6pt 0pt 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">Liability position of pre-fixed interest instruments + IPCA</font> <font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">- DI</font></p>






</td>
<td style="height: 10px; vertical-align: bottom;" valign="bottom">
<p style="font-size: 8pt; line-height: 130%; margin: 6pt 0pt 0pt; orphans: 0; text-align: center; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">27</font><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">.g</font></p>






</td>
<td style="height: 10px; vertical-align: bottom;" valign="bottom">
<p style="font-size: 8pt; line-height: 130%; margin: 6pt 0pt 0pt; orphans: 0; text-align: center; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">(3</font><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">,</font><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">938</font><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">.</font><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">2</font><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">)</font></p>






</td>






</tr>
<tr style="height: 10px;">
<td style="height: 10px; vertical-align: bottom;" valign="bottom">
<p style="font-size: 8pt; line-height: 130%; margin: 6pt 0pt 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 8pt; font-weight: bold; text-decoration: underline; line-height: inherit;">Net liability position in DI</font></p>






</td>
<td style="height: 10px; vertical-align: bottom;" valign="bottom">
<p style="font-size: 8pt; line-height: 130%; margin: 6pt 0pt 0pt; orphans: 0; text-align: center; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">&nbsp;</font></p>






</td>
<td style="height: 10px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom">
<p style="font-size: 8pt; line-height: 130%; margin: 6pt 0pt 0pt; orphans: 0; text-align: center; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 8pt; font-weight: bold; line-height: inherit;">(</font><font style="font-family: 'Century Gothic'; font-size: 8pt; font-weight: bold; line-height: inherit;">4</font><font style="font-family: 'Century Gothic'; font-size: 8pt; font-weight: bold; line-height: inherit;">,</font><font style="font-family: 'Century Gothic'; font-size: 8pt; font-weight: bold; line-height: inherit;">042</font><font style="font-family: 'Century Gothic'; font-size: 8pt; font-weight: bold; line-height: inherit;">.</font><font style="font-family: 'Century Gothic'; font-size: 8pt; font-weight: bold; line-height: inherit;">4</font><font style="font-family: 'Century Gothic'; font-size: 8pt; font-weight: bold; line-height: inherit;">)</font></p>






</td>






</tr>
<tr style="height: 22px;">
<td style="height: 22px; vertical-align: bottom;" valign="bottom">
<p style="font-size: 8pt; line-height: 130%; margin: 6pt 0pt 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 8pt; font-weight: bold; line-height: inherit;">TJLP</font></p>






</td>
<td style="height: 22px; vertical-align: bottom;" valign="bottom">
<p style="font-size: 8pt; line-height: 130%; margin: 6pt 0pt 0pt; orphans: 0; text-align: center; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">&nbsp;</font></p>






</td>
<td style="height: 22px; vertical-align: bottom;" valign="bottom">
<p style="font-size: 8pt; line-height: 130%; margin: 6pt 0pt 0pt; orphans: 0; text-align: center; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 8pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>






</td>






</tr>
<tr style="height: 10px;">
<td style="height: 10px; vertical-align: bottom;" valign="bottom">
<p style="font-size: 8pt; line-height: 130%; margin: 6pt 0pt 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">Loans and financing</font> <font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">- TJLP</font></p>






</td>
<td style="height: 10px; vertical-align: bottom;" valign="bottom">
<p style="font-size: 8pt; line-height: 130%; margin: 6pt 0pt 0pt; orphans: 0; text-align: center; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">15</font></p>






</td>
<td style="height: 10px; vertical-align: bottom;" valign="bottom">
<p style="font-size: 8pt; line-height: 130%; margin: 6pt 0pt 0pt; orphans: 0; text-align: center; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">(1</font><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">.</font><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">3)</font></p>






</td>






</tr>
<tr style="height: 10px;">
<td style="height: 10px; vertical-align: bottom;" valign="bottom">
<p style="font-size: 8pt; line-height: 130%; margin: 6pt 0pt 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 8pt; font-weight: bold; text-decoration: underline; line-height: inherit;">Net liability position in TJLP</font></p>






</td>
<td style="height: 10px; vertical-align: bottom;" valign="bottom"></td>
<td style="height: 10px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom">
<p style="font-size: 8pt; line-height: 130%; margin: 6pt 0pt 0pt; orphans: 0; text-align: center; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 8pt; font-weight: bold; line-height: inherit;">(1</font><font style="font-family: 'Century Gothic'; font-size: 8pt; font-weight: bold; line-height: inherit;">.</font><font style="font-family: 'Century Gothic'; font-size: 8pt; font-weight: bold; line-height: inherit;">3)</font></p>






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<p style="font-size: 8pt; line-height: 130%; margin: 0pt; text-align: justify; text-indent: 0pt;"><font style="font-family: 'Century Gothic'; font-size: 8pt; font-weight: bold; line-height: inherit;">Total net liability position exposed to post-fixed</font> <font style="font-family: 'Century Gothic'; font-size: 8pt; font-weight: bold; line-height: inherit;">interest</font></p>






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<td style="height: 10px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;" valign="bottom">
<p style="font-size: 8pt; line-height: 130%; margin: 6pt 0pt 0pt; orphans: 0; text-align: center; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 8pt; font-weight: bold; line-height: inherit;">(4</font><font style="font-family: 'Century Gothic'; font-size: 8pt; font-weight: bold; line-height: inherit;">,</font><font style="font-family: 'Century Gothic'; font-size: 8pt; font-weight: bold; line-height: inherit;">043</font><font style="font-family: 'Century Gothic'; font-size: 8pt; font-weight: bold; line-height: inherit;">.</font><font style="font-family: 'Century Gothic'; font-size: 8pt; font-weight: bold; line-height: inherit;">7)</font></p>






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<p style="font-size: 9pt; line-height: 1.2; margin: 6pt 0pt 0pt;"><br></p>
<p style="font-size: 9pt; line-height: 1.2; margin: 6pt 0pt 0pt;"><br></p>
<p style="font-size: 9pt; line-height: 1.2; margin: 6pt 0pt 0pt; text-align: justify;"><br></p>
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<p style="font-size: 9pt; line-height: 1.2; margin: 6pt 0pt 0pt; text-align: justify;"><br></p>
<p style="font-size: 9pt; line-height: 1.2; margin: 6pt 0pt 0pt; text-align: justify;"><br></p>
<p style="font-size: 9pt; line-height: 1.2; margin: 6pt 0pt 0pt; text-align: justify;"><br></p>
<p style="font-size: 9pt; line-height: 1.2; margin: 6pt 0pt 0pt; text-align: justify;"><br></p>
<p style="font-size: 9pt; line-height: 1.2; margin: 6pt 0pt 0pt; text-align: justify;"><br></p>
<p style="font-size: 9pt; line-height: 1.2; margin: 6pt 0pt 0pt; text-align: justify;"><br></p>
<p style="font-size: 9pt; line-height: 1.2; margin: 10pt 0pt; text-align: justify; text-indent: 0pt;"><br></p>
<p style="font-size: 9pt; line-height: 1.2; margin: 0px; text-align: justify; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-style: italic; font-weight: bold; line-height: inherit;">Sensitivity analysis of floating interest rate risk</font></p>
<p style="font-size: 9pt; line-height: 1.2; margin: 10pt 0pt; text-align: justify; text-indent: 0pt;"><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">For the sensitivity analysis of floating interest rates on December 31, 202</font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">3</font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">, </font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">Ultrapar</font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;"> used the market curves of the benchmark indexes (DI</font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;"> and</font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;"> TJLP) as the base scenario</font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">.</font></p>
<p style="font-size: 9pt; line-height: 1.2; margin: 10pt 0pt; text-align: justify; text-indent: 0pt;"><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">The table below shows the incremental expenses and income that would have been recognized in the financial result, if the market curves of floating interest rates at the base date were applied to the average balances of the current year, </font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">due to the effect</font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;"> of the floating interest rates</font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">.</font></p>
<p style="font-size: 9pt; line-height: 1.2; margin: 6pt 0pt 0pt;"><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">&nbsp;</font></p>
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<p style="font-size: 8pt; line-height: 130%; margin: 6pt 0pt 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 8pt; font-weight: bold; line-height: inherit;">R$ million</font></p>






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<p style="font-size: 8pt; line-height: 130%; margin: 6pt 0pt 0pt; orphans: 0; text-align: center; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 8pt; font-weight: bold; text-decoration: underline; line-height: inherit;">Ris</font><font style="font-family: 'Century Gothic'; font-size: 8pt; font-weight: bold; text-decoration: underline; line-height: inherit;">k</font></p>






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<td style="vertical-align: top; width: 70.9pt; height: 22px;">
<p style="font-size: 8pt; line-height: 130%; margin: 6pt 0pt 0pt; text-align: center;"><font style="font-family: 'Century Gothic'; font-size: 8pt; font-weight: bold; line-height: inherit;"><font style="text-decoration: underline;">Likely scenari</font><font style="text-decoration: underline;">o</font></font></p>






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<td style="vertical-align: top; width: 191.4pt; height: 22px;">
<p style="font-size: 8pt; line-height: 130%; margin: 6pt 0pt 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 8pt; font-weight: bold; text-decoration: underline; line-height: inherit;">Exposure of floating interest rate</font></p>






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<td style="vertical-align: top; width: 70.9pt; height: 22px;"></td>





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<td style="vertical-align: top; width: 191.4pt; height: 25px;">
<p style="font-size: 8pt; line-height: 130%; margin: 6pt 0pt 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">Interest effect on cash equivalents and financial investments</font></p>






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<td style="vertical-align: top; width: 127.55pt; height: 25px;">
<p style="font-size: 8pt; line-height: 130%; margin: 6pt 0pt 0pt; orphans: 0; text-align: center; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">Decrease in DI</font><font style="font-family: 'Century Gothic'; font-size: 5.33pt; vertical-align: super; line-height: inherit;">(</font><font style="font-family: 'Century Gothic'; font-size: 5.33pt; vertical-align: super; line-height: inherit;">1)</font></p>






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<td style="vertical-align: middle; width: 70.9pt; height: 25px;">
<p style="font-size: 8pt; line-height: 130%; margin: 6pt 0pt 0pt; orphans: 0; text-align: center; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">(0</font><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">.</font><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">8)</font></p>






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<td style="vertical-align: top; width: 191.4pt; height: 25px;">
<p style="font-size: 8pt; line-height: 130%; margin: 6pt 0pt 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">Interest effect on debt in DI</font></p>






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<td style="vertical-align: top; width: 127.55pt; height: 25px;">
<p style="font-size: 8pt; line-height: 130%; margin: 6pt 0pt 0pt; orphans: 0; text-align: center; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">Decrease in DI</font><font style="font-family: 'Century Gothic'; font-size: 5.33pt; vertical-align: super; line-height: inherit;">(1)</font></p>






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<td style="vertical-align: middle; width: 70.9pt; height: 25px;">
<p style="font-size: 8pt; line-height: 130%; margin: 6pt 0pt 0pt; orphans: 0; text-align: center; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">17</font><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">.</font><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">5</font></p>






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<td style="vertical-align: middle; width: 191.4pt; height: 26px;">
<p style="font-size: 8pt; line-height: 130%; margin: 6pt 0pt 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">Effect</font> <font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">on</font><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;"> income </font><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">of</font><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;"> short </font><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">positions</font><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;"> in</font> <font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">DI </font><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">of</font> <font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">debt</font> <font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">hedging</font> <font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">instruments</font></p>






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<td style="vertical-align: middle; width: 127.55pt; height: 26px;">
<p style="font-size: 8pt; line-height: 130%; margin: 6pt 0pt 0pt; orphans: 0; text-align: center; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">Decrease in DI</font><font style="font-family: 'Century Gothic'; font-size: 5.33pt; vertical-align: super; line-height: inherit;">(1)</font></p>






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<td style="vertical-align: middle; width: 70.9pt; height: 26px;">
<p style="font-size: 8pt; line-height: 130%; margin: 6pt 0pt 0pt; orphans: 0; text-align: center; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">123</font><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">.</font><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">7</font></p>






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<td style="vertical-align: middle; width: 191.4pt; height: 22px;">
<p style="font-size: 8pt; line-height: 130%; margin: 6pt 0pt 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 8pt; font-weight: bold; line-height: inherit;">Incremental revenues/(expenses)</font></p>






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<p style="font-size: 8pt; line-height: 130%; margin: 6pt 0pt 0pt; orphans: 0; text-align: center; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">&nbsp;</font></p>






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<td style="vertical-align: middle; width: 70.9pt; height: 22px;">
<p style="font-size: 8pt; line-height: 130%; margin: 6pt 0pt 0pt; orphans: 0; text-align: center; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 8pt; font-weight: bold; line-height: inherit;">140</font><font style="font-family: 'Century Gothic'; font-size: 8pt; font-weight: bold; line-height: inherit;">.</font><font style="font-family: 'Century Gothic'; font-size: 8pt; font-weight: bold; line-height: inherit;">4</font></p>






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<td style="vertical-align: middle; width: 191.4pt; height: 21px;">
<p style="font-size: 8pt; line-height: 130%; margin: 6pt 0pt 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">Effect on interest of debt in TJLP</font></p>






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<p style="font-size: 8pt; line-height: 130%; margin: 6pt 0pt 0pt; orphans: 0; text-align: center; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">TJ</font><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">LP</font><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;"> decrease</font></p>






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<td style="vertical-align: middle; width: 70.9pt; height: 21px;">
<p style="font-size: 8pt; line-height: 130%; margin: 6pt 0pt 0pt; orphans: 0; text-align: center; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">0.0</font></p>






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<p style="font-size: 8pt; line-height: 130%; margin: 6pt 0pt 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 8pt; font-weight: bold; line-height: inherit;">Incremental expenses</font></p>






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<td style="vertical-align: middle; width: 127.55pt; height: 22px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="font-size: 8pt; line-height: 130%; margin: 6pt 0pt 0pt; orphans: 0; text-align: center; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">&nbsp;</font></p>






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<td style="vertical-align: middle; width: 70.9pt; height: 22px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="font-size: 8pt; line-height: 130%; margin: 6pt 0pt 0pt; orphans: 0; text-align: center; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 8pt; font-weight: bold; line-height: inherit;">0</font><font style="font-family: 'Century Gothic'; font-size: 8pt; font-weight: bold; line-height: inherit;">.</font><font style="font-family: 'Century Gothic'; font-size: 8pt; font-weight: bold; line-height: inherit;">0</font></p>






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<p style="font-size: 7pt; line-height: 1.2; margin: 0px; text-align: justify; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 7pt; line-height: inherit;">&#185; </font><font style="font-family: 'Century Gothic'; font-size: 7pt; line-height: inherit;">The</font><font style="font-family: 'Century Gothic'; font-size: 7pt; line-height: inherit;"> annual base rate used was 13.04% and the sensitivity rate was 10.82% according to reference rates</font> <font style="font-family: 'Century Gothic'; font-size: 7pt; line-height: inherit;">made available by B3, proportional to the 12 month period to sensitivity analysis</font></p>
<p style="font-size: 9pt; line-height: 1.2; margin: 10pt 0pt 0pt; text-align: justify; text-indent: 0pt;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold; text-decoration: none; line-height: inherit;">2.</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold; text-decoration: none; line-height: inherit;">3 </font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold; text-decoration: none; line-height: inherit;">- </font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold; text-decoration: none; line-height: inherit;">Comments on:</font></p>
<p style="font-size: 9pt; line-height: 1.2; margin: 6pt 0pt 0pt 14.2pt; text-align: justify; text-indent: -14.2pt;"><font style="font-family: Calibri; font-size: 10pt; font-weight: bold; line-height: inherit;">a.&nbsp; &nbsp; &nbsp;</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold; text-decoration: underline; line-height: inherit;">Changes in accounting practices that have resulted in significant effects on the information included in fields 2.1 and </font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold; text-decoration: underline; line-height: inherit;">2.2</font></p>
<p style="font-size: 9pt; line-height: 1.2; margin: 10pt 0pt; text-align: justify; text-indent: 0pt;"><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">There are no IFRS standards, amendments and interpretations issued by the IASB which are </font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">effective and that could have significant impact on the financial statements as of December 31, </font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">202</font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">2</font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;"> and 202</font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">3</font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;"> that have not been adopted by Ultrapar</font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">.</font></p>


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<div style="width: 8.5in; margin: 0 auto;">&nbsp;&nbsp;
<p style="font-size: 9pt; line-height: 1.2; margin: 6pt 0pt 0pt 14.2pt; text-align: justify; text-indent: -14.2pt;"><font style="font-family: Calibri; font-size: 10pt; font-weight: bold; line-height: inherit;">b.&nbsp; &nbsp; &nbsp;</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold; text-decoration: underline; line-height: inherit;">Modified opinions and emphases of matters present in the auditor's opinion</font></p>
<p style="font-size: 9pt; line-height: 1.2; margin: 6pt 0pt 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">None</font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">.</font></p>
<p style="font-size: 9pt; line-height: 1.2; margin: 10pt 0pt; text-align: justify; text-indent: 0pt;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold; text-decoration: none; line-height: inherit;">2</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold; text-decoration: none; line-height: inherit;">.</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold; text-decoration: none; line-height: inherit;">4</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold; text-decoration: none; line-height: inherit;"> - </font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold; text-decoration: none; line-height: inherit;">Comments on material effects that the events below have caused or are expected to cause on the issuer&#8217;s financial statements and results</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold; text-decoration: none; line-height: inherit;">:</font></p>
<p style="font-size: 9pt; line-height: 1.2; margin: 10pt 0pt; text-align: justify; text-indent: 0pt;"><font style="font-family: Calibri; font-size: 10pt; font-weight: bold; line-height: inherit;">a.&nbsp; &nbsp; &nbsp;</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold; text-decoration: underline; line-height: inherit;">Introduction or disposal of operating segment</font></p>
<p style="font-size: 9pt; line-height: 1.2; margin: 10pt 0pt; text-align: justify; text-indent: 0pt;"><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">Not applicable</font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">.</font></p>
<p style="font-size: 9pt; line-height: 1.2; margin: 10pt 0pt; text-align: justify; text-indent: 0pt;"><font style="font-family: Calibri; font-size: 10pt; font-weight: bold; line-height: inherit;">b.&nbsp; &nbsp; &nbsp;</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold; text-decoration: underline; line-height: inherit;">Establishment, </font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold; text-decoration: underline; line-height: inherit;">acquisition</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold; text-decoration: underline; line-height: inherit;"> or sale of ownership interest</font></p>
<p style="font-size: 9pt; line-height: 1.2; margin: 10pt 0pt; text-align: justify; text-indent: 0pt;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold; text-decoration: underline; line-height: inherit;">Conclusion of </font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold; text-decoration: underline; line-height: inherit;">NEOg&#225;s</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold; text-decoration: underline; line-height: inherit;"> acquisition by </font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold; text-decoration: underline; line-height: inherit;">Ultragaz</font></p>
<p style="font-size: 9pt; line-height: 1.2; margin: 10pt 0pt; text-align: justify; text-indent: 0pt;"><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">On November 21, 2022, </font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">Ultrapar</font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">, through its subsidiary </font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">Ultragaz</font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">, signed a contract to acquire all shares of </font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">NEOg&#225;s</font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">. The transaction was approved by CADE and closed on February 1, 2023. The acquisition value is R$ 165.0 million</font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">.</font> </p>
<p style="font-size: 9pt; line-height: 1.2; margin: 10pt 0pt; text-align: justify; text-indent: 0pt;"><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">The acquisition marks </font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">Ultragaz's</font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;"> entry into the compressed natural gas distribution segment, and additionally, </font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">NEOg&#225;s</font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;"> is an ideal platform to enable opportunities for biomethane distribution. This transaction reinforces </font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">Ultragaz's</font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;"> strategy to expand the offering of energy solutions to its industrial customers, leveraging its </font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">capillarity, commercial strength and </font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">brand</font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">.</font></p>
<p style="font-size: 9pt; line-height: 1.2; margin: 10pt 0pt; text-indent: 0pt;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold; text-decoration: underline; line-height: inherit;">Conclusion of OPLA acquisition by </font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold; text-decoration: underline; line-height: inherit;">Ultracargo</font></p>
<p style="font-size: 9pt; line-height: 1.2; margin: 10pt 0pt; text-align: justify; text-indent: 0pt;"><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">On April 19, 2023, </font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">Ultrapar</font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">, through its subsidiary </font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">Ultracargo</font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">, signed a contract to acquire a 50% stake in </font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">Opla</font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">, owned by </font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">Copersucar</font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">, with the closing taking place on July 1, 2023. The transaction value is R$ 237.5 million</font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">.</font></p>
<p style="font-size: 9pt; line-height: 1.2; margin: 10pt 0pt; text-align: justify; text-indent: 0pt;"><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">T</font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">he acquisition marks </font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">Ultracargo's</font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;"> entry into the interior liquid bulk storage and logistics segment, integrated with port terminals, in line with its growth plan</font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">.</font></p>
<p style="font-size: 9pt; line-height: 1.2; margin: 10pt 0pt; text-indent: 0pt;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold; text-decoration: underline; line-height: inherit;">Acquisition</font> <font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold; text-decoration: underline; line-height: inherit;">of</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold; text-decoration: underline; line-height: inherit;"> Serra Diesel Transportador Revendedor Retalhista</font> </p>
<p style="font-size: 9pt; line-height: 1.2; margin: 10pt 0pt; text-align: justify; text-indent: 0pt;"><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">On</font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;"> May 21, 2023, Ultrapar, </font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">through</font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;"> its </font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">subsidiary</font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;"> Ultrapar Empreendimentos Ltda., </font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">signed</font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;"> a </font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">contract</font> <font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">to</font> <font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">acquire</font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;"> 60% </font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">of</font> <font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">the</font> <font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">shares</font> <font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">of</font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;"> Serra Diesel Transportador Revendedor Retalhista Ltda. The transaction was completed on September 1, 2023.</font></p>
<p style="font-size: 9pt; line-height: 1.2; margin: 10pt 0pt; text-align: justify; text-indent: 0pt;"><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">The acquisition complements </font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">Ultrapar's</font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;"> activities in the distribution of liquid fuels.</font></p>
<p style="font-size: 9pt; line-height: 1.2; margin: 10pt 0pt; text-align: justify; text-indent: 0pt;"><font style="font-family: Calibri; font-size: 10pt; font-weight: bold; line-height: inherit;">c.&nbsp; &nbsp; &nbsp;</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold; text-decoration: underline; line-height: inherit;">Unusual</font> <font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold; text-decoration: underline; line-height: inherit;">events</font> <font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold; text-decoration: underline; line-height: inherit;">or</font> <font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold; text-decoration: underline; line-height: inherit;">transaction</font></p>
<p style="font-size: 9pt; line-height: 1.2; margin: 10pt 0pt; text-align: justify; text-indent: 0pt;"><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">Not applicable.</font></p>
<p style="font-size: 9pt; line-height: 1.2; margin: 10pt 0pt; text-align: justify; text-indent: 0pt;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold; line-height: inherit;">&nbsp;</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold; line-height: inherit;">2.5. - If&nbsp;</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold; line-height: inherit;">the issuer has disclosed, during the last fiscal year, or wishes to disclose in this form, non-accounting measurements, such as EBITDA (Earnings Before Interest, Taxes, Depreciation and Amortization) or EBIT (Earnings Before Interest and Taxes), the issuer must</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold; line-height: inherit;">:</font></p>
<ol style="margin: 0px; padding-left: 0pt; list-style-type: lower-alpha; text-indent: 0px;">
<li style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold; line-height: 130%; list-style-position: inside; margin: 0px; text-align: justify; text-indent: 0px;"><font style="font-style: normal; font-variant: normal; font-kerning: auto; font-optical-sizing: auto; font-feature-settings: normal; font-variation-settings: normal; font-weight: normal; font-stretch: normal; font-size: 7pt; line-height: inherit; font-family: 'Times New Roman';">&nbsp; </font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold; text-decoration: underline; line-height: inherit;">Inform the amount of the non-accounting </font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold; text-decoration: underline; line-height: inherit;">measurements</font></li>





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<td style="background-color: #ffffff; padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="font-size: 8pt; line-height: 130%; margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 8pt; font-weight: bold; line-height: inherit;">(</font><font style="font-family: 'Century Gothic'; font-size: 8pt; font-weight: bold; line-height: inherit;">R$ million</font><font style="font-family: 'Century Gothic'; font-size: 8pt; font-weight: bold; line-height: inherit;">)</font></p>






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<p style="font-size: 8pt; line-height: 130%; margin: 0px; text-align: center; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><font style="font-family: 'Century Gothic'; font-size: 8pt; font-weight: bold; line-height: inherit;">202</font><font style="font-family: 'Century Gothic'; font-size: 8pt; font-weight: bold; line-height: inherit;">3</font></p>






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<p style="font-size: 8pt; line-height: 130%; margin: 6pt 0pt 0pt;"><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">&nbsp;</font></p>






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<td style="background-color: #ffffff; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; width: 12%; height: 21px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;">
<p style="font-size: 8pt; line-height: 130%; margin: 6pt 0pt 0pt; text-align: center;"><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">&nbsp;</font></p>






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<p style="font-size: 8pt; line-height: 130%; margin: 6pt 0pt 0pt;"><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">Net cash (debt)</font><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">&#185;</font></p>






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<p style="font-size: 8pt; line-height: 130%; margin: 6pt 0pt 0pt; text-align: center;"><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">(</font><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">6</font><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">,</font><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">121</font><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">.</font><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">4</font><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">)</font></p>






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<td style="background-color: #ffffff; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 21px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="font-size: 8pt; line-height: 130%; margin: 6pt 0pt 0pt;"><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">&nbsp;</font></p>






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<td style="background-color: #ffffff; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 21px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="font-size: 8pt; line-height: 130%; margin: 6pt 0pt 0pt; text-align: center;"><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">&nbsp;</font></p>






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<p style="font-size: 7pt; line-height: 1.2; margin: 0px; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 7pt; line-height: inherit;">&#185; </font><font style="font-family: 'Century Gothic'; font-size: 7pt; line-height: inherit;">Considers leases payable of</font> <font style="font-family: 'Century Gothic'; font-size: 7pt; line-height: inherit;">R$ 1</font><font style="font-family: 'Century Gothic'; font-size: 7pt; line-height: inherit;">,</font><font style="font-family: 'Century Gothic'; font-size: 7pt; line-height: inherit;">523</font><font style="font-family: 'Century Gothic'; font-size: 7pt; line-height: inherit;">.</font><font style="font-family: 'Century Gothic'; font-size: 7pt; line-height: inherit;">9</font><font style="font-family: 'Century Gothic'; font-size: 7pt; line-height: inherit;"> mil</font><font style="font-family: 'Century Gothic'; font-size: 7pt; line-height: inherit;">lion</font></p>
<div style="margin: 10pt 0pt; padding-left: 0pt; line-height: 1.2; text-indent: 0pt;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold; line-height: inherit; list-style-position: inside; text-align: justify; text-indent: 0pt; margin: 6pt 0pt 0pt 0pt !important;"><font style="line-height: inherit;">b.  </font><font style="font-style: normal; font-variant: normal; font-kerning: auto; font-optical-sizing: auto; font-feature-settings: normal; font-variation-settings: normal; font-weight: normal; font-stretch: normal; font-size: 7pt; line-height: inherit; font-family: 'Times New Roman';">&nbsp;&nbsp;&nbsp;&nbsp; </font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold; text-decoration: underline; line-height: inherit;">Reconcile the amounts disclosed with the amounts in the audited financial </font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold; text-decoration: underline; line-height: inherit;">statements</font></font></div>
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<tr style="height: 10px;">
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="font-size: 8pt; line-height: 130%; margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 8pt; font-weight: bold; line-height: inherit;">(</font><font style="font-family: 'Century Gothic'; font-size: 8pt; font-weight: bold; line-height: inherit;">R$ million</font><font style="font-family: 'Century Gothic'; font-size: 8pt; font-weight: bold; line-height: inherit;">)</font></p>






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<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="font-size: 8pt; line-height: 130%; margin: 0px; text-align: center; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><font style="font-family: 'Century Gothic'; font-size: 8pt; font-weight: bold; line-height: inherit;">202</font><font style="font-family: 'Century Gothic'; font-size: 8pt; font-weight: bold; line-height: inherit;">3</font></p>






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<p style="font-size: 8pt; line-height: 130%; margin: 6pt 0pt 0pt;"><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">&nbsp;</font></p>






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<p style="font-size: 8pt; line-height: 130%; margin: 6pt 0pt 0pt; text-align: center;"><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">&nbsp;</font></p>






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<p style="font-size: 8pt; line-height: 130%; margin: 6pt 0pt 0pt;"><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">Cash </font><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">and</font><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;"> cash </font><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">equivalents</font></p>






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<p style="font-size: 8pt; line-height: 130%; margin: 6pt 0pt 0pt; text-align: center;"><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">5</font><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">,</font><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">925</font><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">.</font><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">7</font></p>






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<p style="font-size: 8pt; line-height: 130%; margin: 6pt 0pt 0pt;"><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">Financial investments and derivative financial instruments &#8211; current</font></p>






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<p style="font-size: 8pt; line-height: 130%; margin: 6pt 0pt 0pt; text-align: center;"><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">292</font><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">.</font><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">9</font></p>






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<p style="font-size: 8pt; line-height: 130%; margin: 6pt 0pt 0pt;"><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">Financial investments and derivative financial instruments &#8211; non-current</font></p>






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<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 23px;">
<p style="font-size: 8pt; line-height: 130%; margin: 6pt 0pt 0pt; text-align: center;"><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">951</font><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">.</font><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">9</font></p>






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<p style="font-size: 8pt; line-height: 130%; margin: 6pt 0pt 0pt;"><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">Loans, financing, debentures, hedge derivative financial instruments and leases payable &#8211; current</font></p>






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<p style="font-size: 8pt; line-height: 130%; margin: 6pt 0pt 0pt; text-align: center;"><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">(</font><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">2</font><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">,</font><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">304</font><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">.</font><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">7</font><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">)</font></p>






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<p style="font-size: 8pt; line-height: 130%; margin: 6pt 0pt 0pt;"><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">Loans, financing, debentures, hedge derivative financial instruments and leases payable &#8211; non-current</font></p>






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<p style="font-size: 8pt; line-height: 130%; margin: 6pt 0pt 0pt; text-align: center;"><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">(</font><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">10</font><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">,</font><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">987</font><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">.</font><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">3</font><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">)</font></p>






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<p style="font-size: 8pt; line-height: 130%; margin: 6pt 0pt 0pt; text-align: center;"><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">&nbsp;</font></p>






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<p style="font-size: 8pt; line-height: 130%; margin: 0px; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 8pt; font-weight: bold; line-height: inherit;">Net cash (debt)</font></p>






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<p style="font-size: 8pt; line-height: 130%; margin: 0px; text-align: center; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 8pt; font-weight: bold; line-height: inherit;">(</font><font style="font-family: 'Century Gothic'; font-size: 8pt; font-weight: bold; line-height: inherit;">6</font><font style="font-family: 'Century Gothic'; font-size: 8pt; font-weight: bold; line-height: inherit;">,</font><font style="font-family: 'Century Gothic'; font-size: 8pt; font-weight: bold; line-height: inherit;">121</font><font style="font-family: 'Century Gothic'; font-size: 8pt; font-weight: bold; line-height: inherit;">.</font><font style="font-family: 'Century Gothic'; font-size: 8pt; font-weight: bold; line-height: inherit;">4</font><font style="font-family: 'Century Gothic'; font-size: 8pt; font-weight: bold; line-height: inherit;">)</font></p>



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<div style="margin: 10pt 0pt; padding-left: 0pt; line-height: 1.2; text-indent: 0pt;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold; line-height: inherit; list-style-position: inside; text-align: justify; text-indent: 0pt; margin: 6pt 0pt 0pt 0pt !important;"><font style="line-height: inherit;">c.  </font><font style="font-style: normal; font-variant: normal; font-kerning: auto; font-optical-sizing: auto; font-feature-settings: normal; font-variation-settings: normal; font-weight: normal; font-stretch: normal; font-size: 7pt; line-height: inherit; font-family: 'Times New Roman';">&nbsp;&nbsp;&nbsp;&nbsp; </font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold; text-decoration: underline; line-height: inherit;">Explain the reason why the issuer understands that such measurement is more appropriate for the correct understanding of its financial condition and the results of its </font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold; text-decoration: underline; line-height: inherit;">operations</font> </font></div>
<p style="font-size: 9pt; line-height: 1.2; margin: 10pt 0pt; text-align: justify; text-indent: 0pt;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold; text-decoration: underline; line-height: inherit;">Net cash (</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold; text-decoration: underline; line-height: inherit;">debt</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold; text-decoration: underline; line-height: inherit;">)</font></p>
<p style="font-size: 9pt; line-height: 1.2; margin: 10pt 0pt; text-align: justify; text-indent: 0pt;"><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">The disclosure of information about net cash (debt) aims to present an overview of the debt and financial position of the Company. Net cash (debt) equals cash, financial </font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">investments</font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;"> and the asset position of current and non-current hedge derivative financial instruments minus loans, financing, debentures, liability position of hedge derivative financial instruments, and current and non-current leases payable.</font></p>
<p style="font-size: 9pt; line-height: 1.2; margin: 10pt 0pt; text-align: justify; text-indent: 0pt;"><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">Net cash (debt) is not a measure of financial performance or liquidity under the accounting practices adopted in Brazil or IFRS. Ultrapar uses, in the management of its businesses, net cash (debt) </font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">as a way to</font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;"> evaluate its financial position. It is believed that this measure works as an important tool to periodically compare the Company's financial position, as well as to base certain management decisions, which is why it is considered important to include it in the Reference Form. However, these non-accounting measures are not indicators of financial performance in accordance with accounting practices, they do not have standardized meanings and methodologies, and they may not be directly comparable with metrics of the same or similar name published by other companies due to different calculation methodologies or items that may be subject to interpretation. Although non-accounting measures are frequently used by market investors and the Management to analyze its financial and operating position, potential investors </font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">should not base their investment decision on this information as a substitute for accounting measures or as an indication of future results.</font></p>
<p style="font-size: 9pt; line-height: 1.2; margin: 10pt 0pt; text-align: justify; text-indent: 0pt;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold; line-height: inherit;">2</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold; line-height: inherit;">.</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold; line-height: inherit;">6</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold; line-height: inherit;">. </font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold; line-height: inherit;">Identify and comment on any event after the reporting period of the last financial statements for the closing fiscal year that substantially change </font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold; line-height: inherit;">them</font></p>
<p style="font-size: 9pt; line-height: 1.2; margin: 10pt 0pt; text-align: justify; text-indent: 0pt;"><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">The authorization for issuance of </font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">Ultrapar's</font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;"> consolidated financial statements for the year ended December 31, </font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">2023</font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;"> was given by the Board of Directors on February 28th, 2024. Below is a list of events that occurred between the two dates</font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">.</font></p>
<p style="font-size: 9pt; line-height: 1.2; margin: 10pt 0pt; text-indent: 0pt;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold; text-decoration: underline; line-height: inherit;">Issuance of shares</font></p>
<p style="font-size: 9pt; line-height: 1.2; margin: 10pt 0pt; text-align: justify; text-indent: 0pt;"><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">On February 28, 2024, the Company&#8217;s Board of Directors confirmed the issuance of</font> <font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">191,778 common shares within the authorized capital limit provided by art. 6 of the</font> <font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">Company's Bylaws, due to the partial exercise of the rights conferred by the subscription</font> <font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">warrants issued by the Company when the merger of all Extrafarma shares by the</font> <font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">Company, approved by the Extraordinary General Meeting of the Company held </font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">on</font> <font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">January 31, 2014. The share capital of the Company is now represented by</font> <font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">1,115,404,268 common shares, all of which are registered and without par value. The</font> <font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">issuance of shares resulting to partial exercise of subscription warrants do not generate</font> <font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">increase of share capital value, since the entirety of </font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">Extrafarma&#8217;s</font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;"> assets was already</font> <font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">reflected in Ultrapar's financial position on the act of incorporation of shares</font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">.</font></p>


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<p style="font-size: 9pt; line-height: 1.2; margin: 10pt 0pt; text-indent: 0pt;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold; line-height: inherit;">2.7 - </font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold; line-height: inherit;">Comments on the allocation of the social results, indicating</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold; line-height: inherit;">:</font></p>
<p style="font-size: 9pt; line-height: 1.2; margin: 10pt 0pt; text-align: justify; text-indent: 0pt;"><font style="font-family: Calibri; font-size: 10pt; font-weight: bold; line-height: inherit;">a.</font><font style="font-style: normal; font-variant: normal; font-kerning: auto; font-optical-sizing: auto; font-feature-settings: normal; font-variation-settings: normal; font-weight: normal; font-stretch: normal; font-size: 7pt; line-height: inherit; font-family: 'Times New Roman';">&nbsp; &nbsp; &nbsp;</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold; text-decoration: underline; line-height: inherit;">Rules on retained </font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold; text-decoration: underline; line-height: inherit;">income</font></p>
<p style="font-size: 9pt; line-height: 1.2; margin: 10pt 0pt; text-align: justify; text-indent: 0pt;"><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">According to </font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">Ultrapar's</font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;"> Bylaws approved at the Annual and Extraordinary General Shareholders' Meeting held on April 1</font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">9</font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">th, 202</font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">3</font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">, </font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">once the balance sheet and the financial statements for the year have been prepared and after deducting the accumulated losses, the provision for income tax payment and, if applicable, the provision for management&#8217;s profit sharing, 5% of the net income will be set aside to form the legal reserve, until it reaches 20% of the capital stock. </font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">The </font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">remaining</font> <font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">profit</font> <font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">will</font> <font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">have</font> <font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">the</font> <font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">following</font> <font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">allocation</font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">:</font></p>
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<li style="font-family: 'Century Gothic'; font-size: 9pt; font-style: normal; font-weight: normal; line-height: 130%; margin: 6pt 0pt 0pt 9.34pt; padding-left: 4pt; text-align: justify; text-indent: 0pt;"><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">25% for the payment of mandatory dividend to shareholders, deducted by semiannual or interim dividends that may have already been </font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">declared</font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">;</font></li>
<li style="font-family: 'Century Gothic'; font-size: 9pt; font-style: normal; font-weight: normal; line-height: 130%; margin: 6pt 0pt 0pt 11.15pt; padding-left: 4pt; text-align: justify; text-indent: 0pt;"><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">by proposal of the management bodies, up to 75% for the constitution of the investment reserve, aimed at protecting the integrity of the Company&#180;s social heritage and strengthen its capital, in order to allow new investments to be made, up to the limit of 100% of the capital stock, provided that the balance of such reserve, when combined with other profit reserve balances, except for the unrealized profit reserve and the contingency reserves, shall not exceed 100% of the capital stock and, once such limit is reached, the General Shareholders&#8217; Meeting shall determine the allocation of the surplus through an increase of the capital stock or in dividends distribution; and</font></li>
<li style="font-family: 'Century Gothic'; font-size: 9pt; font-style: normal; font-weight: normal; line-height: 130%; margin: 6pt 0pt 0pt 12.95pt; padding-left: 4pt; text-align: justify; text-indent: 0pt;"><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">the balance will be allocated according to the resolution adopted at the General Shareholders&#8217; Meeting, which will </font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">take into account</font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;"> the Board of Directors&#8217; proposal</font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">.</font></li>






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<p style="font-size: 9pt; line-height: 1.2; margin: 10pt 0pt; text-align: justify; text-indent: 0pt;"><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">The allocation of the amounts not only to the legal reserve, but also to the investments statutory reserve in accordance with article 194 of the Brazilian Corporate Law and article 5</font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">3</font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">.b of the</font> <font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">Company's Bylaws, will be submitted to the approval of the shareholders at the Annual and </font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">Extraordinary General Shareholders' Meeting to be held on April 1</font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">7</font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">th, 202</font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">4</font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">, in order to preserve the integrity of social heritage and strengthen the Company's capital, allowing new investments</font></p>
<p style="font-size: 9pt; line-height: 1.2; margin: 10pt 0pt; text-indent: 0pt;"><font style="font-family: Calibri; font-size: 9pt; font-weight: bold; letter-spacing: -0.1pt; line-height: inherit;">i.</font><font style="font-style: normal; font-variant: normal; font-kerning: auto; font-optical-sizing: auto; font-feature-settings: normal; font-variation-settings: normal; font-weight: normal; font-stretch: normal; font-size: 7pt; line-height: inherit; font-family: 'Times New Roman';">&nbsp; &nbsp; &nbsp;&nbsp;</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold; line-height: inherit;">Amounts of retained </font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold; line-height: inherit;">earnings</font></p>
<p style="font-size: 9pt; line-height: 1.2; margin: 10pt 0pt; text-align: justify; text-indent: 0pt;"><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">As of December 31, 202</font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">3</font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">, the Company retained R$ </font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">122</font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">.0 million as legal reserve and R$ 1.</font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">6</font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;"> billion as statutory reserve for investments. The Company has not retained any amount as a retained earnings reserve. Additionally, the Company did not have any amount in tax incentive reserve, contingency reserve, and unrealized profit reserve.</font></p>
<p style="font-size: 9pt; line-height: 1.2; margin: 10pt 0pt; text-indent: 0pt;"><font style="font-family: Calibri; font-size: 9pt; font-weight: bold; letter-spacing: -0.1pt; line-height: inherit;">ii.&nbsp; &nbsp; &nbsp;</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold; line-height: inherit;">Percentages in relation to total reported income</font></p>
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<li style="font-family: Symbol; font-size: 9pt; line-height: 130%; list-style-position: inside; margin: 0px; text-align: justify; text-indent: 0px;"><font style="font-style: normal; font-variant: normal; font-kerning: auto; font-optical-sizing: auto; font-feature-settings: normal; font-variation-settings: normal; font-weight: normal; font-stretch: normal; font-size: 7pt; line-height: inherit; font-family: 'Times New Roman';">&nbsp;&nbsp; </font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">Legal reserve</font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">: 5%</font></li>
<li style="font-family: Symbol; font-size: 9pt; line-height: 130%; list-style-position: inside; margin: 0px; text-align: justify; text-indent: 0px;"><font style="font-style: normal; font-variant: normal; font-kerning: auto; font-optical-sizing: auto; font-feature-settings: normal; font-variation-settings: normal; font-weight: normal; font-stretch: normal; font-size: 7pt; line-height: inherit; font-family: 'Times New Roman';">&nbsp;&nbsp; </font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">Statutory reserve:</font> <font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">6</font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">6</font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">%</font></li>
<li style="font-family: Symbol; font-size: 9pt; line-height: 130%; list-style-position: inside; margin: 0px; text-align: justify; text-indent: 0px;"><font style="font-style: normal; font-variant: normal; font-kerning: auto; font-optical-sizing: auto; font-feature-settings: normal; font-variation-settings: normal; font-weight: normal; font-stretch: normal; font-size: 7pt; line-height: inherit; font-family: 'Times New Roman';">&nbsp;&nbsp; </font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">Retained</font> <font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">earnings</font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;"> reserve</font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">: N/A</font></li>






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<p style="font-size: 9pt; line-height: 1.2; margin: 10pt 0pt; text-align: justify; text-indent: 0pt;"><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">&nbsp;</font><font style="font-family: Calibri; font-size: 10pt; font-weight: bold; line-height: inherit;">b.</font><font style="font-style: normal; font-variant: normal; font-kerning: auto; font-optical-sizing: auto; font-feature-settings: normal; font-variation-settings: normal; font-weight: normal; font-stretch: normal; font-size: 7pt; line-height: inherit; font-family: 'Times New Roman';">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold; text-decoration: underline; line-height: inherit;">Rules</font> <font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold; text-decoration: underline; line-height: inherit;">on</font> <font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold; text-decoration: underline; line-height: inherit;">dividend</font> <font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold; text-decoration: underline; line-height: inherit;">distribution</font></p>
<p style="font-size: 9pt; line-height: 1.2; margin: 10pt 0pt; text-align: justify; text-indent: 0pt;"><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">Ultrapar declares and pays dividends and/or interest on equity, in accordance with the Brazilian Corporate Law and its Bylaws. The Board of Directors may approve the distribution of dividends and/or interest on equity, calculated based on the Company's annual or semiannual financial statements or financial statements for shorter periods. The amount of any distributions will depend on </font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">a number of</font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;"> factors, such as the Company's financial situation, prospects, macroeconomic conditions, tariff adjustments, regulatory changes, growth strategies and other matters that the Board of Directors and shareholders may consider relevant</font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">.</font></p>
<p style="font-size: 9pt; line-height: 1.2; margin: 10pt 0pt; text-align: justify; text-indent: 0pt;"><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">According to the rules mentioned above contained in the Company's Bylaws approved at the Annual and Extraordinary General Shareholders' Meeting held on April 1</font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">9</font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">th, 202</font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">3</font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">,</font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">&nbsp;</font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">the Company must distribute to the shareholders a minimum mandatory dividend equivalent to 25% of the net income remaining after forming the legal reserve</font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">.</font></p>
<h1 style="font-size: 9pt; line-height: 130%; margin: 0px; text-align: justify; text-indent: 0px;"><font style="font-family: Calibri; font-size: 10pt; font-weight: bold; line-height: inherit;">c.</font><font style="font-style: normal; font-variant: normal; font-kerning: auto; font-optical-sizing: auto; font-feature-settings: normal; font-variation-settings: normal; font-weight: normal; font-stretch: normal; font-size: 7pt; line-height: inherit; font-family: 'Times New Roman';">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold; text-decoration: underline; line-height: inherit;">Frequency of dividend distributions</font></h1>
<p style="font-size: 9pt; line-height: 1.2; margin: 10pt 0pt; text-align: justify; text-indent: 0pt;"><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">Within the first four months following the end of each fiscal year, the shareholders meet in an Annual General Shareholders&#8217; Meeting to deliberate, among other matters, on the allocation of net income calculated in the year and the distribution of dividends to the shareholders</font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">. </font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">In 2023, Ultrapar distributed dividends on March 3rd (related to the second half of 2022) and on August 25th (</font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">related</font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;"> to the first half of 2023).</font></p>
<p style="font-size: 9pt; line-height: 1.2; margin: 10pt 0pt; text-align: justify; text-indent: 0pt;"><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">Furthermore, Ultrapar distributed dividends on March 15th, 2024, as a complement to the amount already distributed in August 2023.</font></p>
<p style="font-size: 9pt; line-height: 1.2; margin: 10pt 0pt; text-align: justify; text-indent: 0pt;"><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">Ultrapar usually adopts the practice of semiannual distribution of dividends. In this case, the interim dividends are paid after the presentation of the second quarter financial statements and the remainder is paid after the presentation of the annual financial statements.</font></p>
<p style="font-size: 9pt; line-height: 1.2; margin: 10pt 0pt; text-align: justify; text-indent: 0pt;"><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">According to the current legislation, dividends not claimed within three years are reverted to the Company</font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">.</font></p>
<p style="font-size: 9pt; line-height: 1.2; margin: 10pt 0pt; text-align: justify; text-indent: 0pt;"><font style="font-family: Calibri; font-size: 10pt; font-weight: bold; line-height: inherit;">d.</font><font style="font-style: normal; font-variant: normal; font-kerning: auto; font-optical-sizing: auto; font-feature-settings: normal; font-variation-settings: normal; font-weight: normal; font-stretch: normal; font-size: 7pt; line-height: inherit; font-family: 'Times New Roman';">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold; text-decoration: underline; line-height: inherit;">Any restrictions on dividend distribution imposed by legislation or special regulation applicable to the issuer, as well as contracts, judicial, administrative or arbitration </font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold; text-decoration: underline; line-height: inherit;">decisions</font></p>
<p style="font-size: 9pt; line-height: 1.2; margin: 10pt 0pt; text-align: justify; text-indent: 0pt;"><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">The distribution of dividends will be subject to the limits set by the Brazilian Corporate Law, both quantitatively and regarding the frequency of its distribution, and the mandatory dividend will be equivalent to at least 25% of the adjusted net income, under the terms of the Bylaws and the Brazilian Corporate Law.</font></p>
<p style="font-size: 9pt; line-height: 1.2; margin: 10pt 0pt; text-align: justify; text-indent: 0pt;"><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">The distribution of dividends above the established minimum level depends on cash management parameters, </font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">in light of</font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;"> investment opportunities and debt reduction and their respective financial costs</font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">.</font></p>
<h1 style="font-size: 9pt; line-height: 130%; margin: 0px; text-align: justify; text-indent: 0px;"><font style="font-family: Calibri; font-size: 10pt; font-weight: bold; line-height: inherit;">e.</font><font style="font-style: normal; font-variant: normal; font-kerning: auto; font-optical-sizing: auto; font-feature-settings: normal; font-variation-settings: normal; font-weight: normal; font-stretch: normal; font-size: 7pt; line-height: inherit; font-family: 'Times New Roman';">&nbsp; &nbsp; &nbsp;&nbsp;</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold; text-decoration: underline; line-height: inherit;">If the issuer has a formally approved policy for allocation of net income, inform the body responsible for approval, the date of approval and, if the issuer discloses the policy, the locations on the internet where the document can be </font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold; text-decoration: underline; line-height: inherit;">found</font></h1>
<p style="font-size: 9pt; line-height: 1.2; margin: 10pt 0pt; text-align: justify; text-indent: 0pt;"><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">The Company does not have a formally approved policy for net income allocation. However, article</font> <font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">5</font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">3</font> <font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">of its Bylaws approved at the Annual and Extraordinary General Shareholders&#8217; Meeting of April 1</font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">9</font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">th, </font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">202</font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">3</font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">&nbsp;</font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">establishes that 5% of the net income will be allocated to the legal reserve, up to the limit of 20% of the capital stock</font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">.</font></p>


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<h1 style="font-size: 9pt; line-height: 130%; margin: 0px; text-align: justify; text-indent: 0px;"><br></h1>
<h1 style="font-size: 9pt; line-height: 130%; margin: 0px; text-align: justify; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold; text-decoration: none; line-height: inherit;">2.8 </font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold; text-decoration: none; line-height: inherit;">&#8211;</font> <font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold; text-decoration: none; line-height: inherit;">Description of relevant items not shown in the issuer's financial statements, indicating</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold; text-decoration: none; line-height: inherit;">:</font></h1>
<ol style="margin: 0pt; padding-left: 0pt; list-style-type: lower-alpha;">
<li style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold; line-height: 130%; list-style-position: inside; margin: 6pt 0pt 0pt 17.85pt; orphans: 0; text-align: justify; text-indent: -17.85pt; widows: 0;"><font style="font-style: normal; font-variant: normal; font-kerning: auto; font-optical-sizing: auto; font-feature-settings: normal; font-variation-settings: normal; font-weight: normal; font-stretch: normal; font-size: 7pt; line-height: inherit; font-family: 'Times New Roman';">&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold; text-decoration: underline; line-height: inherit;">Assets and liabilities held by the issuer, whether directly or indirectly, which are off-balance sheet items, such as</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold; text-decoration: underline; line-height: inherit;">:</font></li>





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<p style="font-size: 9pt; line-height: 1.2; margin: 10pt 0pt; text-align: justify; text-indent: 0pt;"><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">&nbsp; &nbsp; &nbsp;&nbsp;</font><font style="font-family: Calibri; font-size: 9pt; font-weight: bold; letter-spacing: -0.1pt; line-height: inherit;">i.&nbsp; &nbsp; &nbsp;</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold; line-height: inherit;">Receivables portfolios written off, over which the entity has not retained nor substantially transferred the risks and rewards of ownership of the asset transferred, indicating the respective </font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold; line-height: inherit;">liabilities</font></p>
<p style="font-size: 9pt; line-height: 1.2; margin: 10pt 0pt; text-align: justify; text-indent: 0pt;"><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">Not applicable</font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">.</font></p>
<p style="font-size: 9pt; line-height: 1.2; margin: 10pt 0pt; text-align: justify; text-indent: 0pt;"><font style="font-family: Calibri; font-size: 9pt; font-weight: bold; letter-spacing: -0.1pt; line-height: inherit;">&nbsp; &nbsp; &nbsp; &nbsp;ii.</font><font style="font-style: normal; font-variant: normal; font-kerning: auto; font-optical-sizing: auto; font-feature-settings: normal; font-variation-settings: normal; font-weight: normal; font-stretch: normal; font-size: 7pt; line-height: inherit; font-family: 'Times New Roman';">&nbsp; &nbsp; &nbsp;</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold; line-height: inherit;">Future purchase and sale of products or services contracts</font></p>
<p style="font-size: 9pt; line-height: 1.2; margin: 10pt 0pt; text-align: justify; text-indent: 0pt;"><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">Not applicable.</font></p>
<p style="font-size: 9pt; line-height: 1.2; margin: 10pt 0pt; text-align: justify; text-indent: 0pt;"><font style="font-family: Calibri; font-size: 9pt; font-weight: bold; letter-spacing: -0.1pt; line-height: inherit;">&nbsp; &nbsp; &nbsp; &nbsp;iii.</font><font style="font-style: normal; font-variant: normal; font-kerning: auto; font-optical-sizing: auto; font-feature-settings: normal; font-variation-settings: normal; font-weight: normal; font-stretch: normal; font-size: 7pt; line-height: inherit; font-family: 'Times New Roman';">&nbsp; &nbsp; &nbsp;</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold; line-height: inherit;">Unfinished</font> <font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold; line-height: inherit;">construction</font> <font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold; line-height: inherit;">contracts</font></p>
<p style="font-size: 9pt; line-height: 1.2; margin: 10pt 0pt; text-align: justify; text-indent: 0pt;"><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">Not applicable.</font></p>
<p style="font-size: 9pt; line-height: 1.2; margin: 10pt 0pt; text-align: justify; text-indent: 0pt;"><font style="font-family: Calibri; font-size: 9pt; font-weight: bold; letter-spacing: -0.1pt; line-height: inherit;">&nbsp; &nbsp; &nbsp; &nbsp;iv.</font><font style="font-style: normal; font-variant: normal; font-kerning: auto; font-optical-sizing: auto; font-feature-settings: normal; font-variation-settings: normal; font-weight: normal; font-stretch: normal; font-size: 7pt; line-height: inherit; font-family: 'Times New Roman';">&nbsp; &nbsp;&nbsp;</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold; line-height: inherit;">Other future </font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold; line-height: inherit;">financing</font> <font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold; line-height: inherit;">agreements</font></p>
<p style="font-size: 9pt; line-height: 1.2; margin: 10pt 0pt; text-align: justify; text-indent: 0pt;"><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">Not applicable.</font></p>
<p style="font-size: 9pt; line-height: 1.2; margin: 10pt 0pt; text-align: justify; text-indent: 0pt;"><font style="font-family: Calibri; font-size: 10pt; font-weight: bold; line-height: inherit;">b.</font><font style="font-style: normal; font-variant: normal; font-kerning: auto; font-optical-sizing: auto; font-feature-settings: normal; font-variation-settings: normal; font-weight: normal; font-stretch: normal; font-size: 7pt; line-height: inherit; font-family: 'Times New Roman';">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold; text-decoration: underline; line-height: inherit;">Other off-balance </font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold; text-decoration: underline; line-height: inherit;">sheet</font> <font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold; text-decoration: underline; line-height: inherit;">arrangements</font></p>
<p style="font-size: 9pt; line-height: 1.2; margin: 10pt 0pt; text-align: justify; text-indent: 0pt;"><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">Not applicable.</font></p>
<h1 style="font-size: 9pt; line-height: 130%; margin: 0px; text-align: justify; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold; text-decoration: none; line-height: inherit;">2.9 -&nbsp;</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold; text-decoration: none; line-height: inherit;">Comments on off-balance sheet items in item 2.8</font></h1>
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<li style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold; line-height: 130%; list-style-position: inside; margin: 6pt 0pt 0pt 17.85pt; orphans: 0; text-align: justify; text-indent: -17.85pt; widows: 0;"><font style="font-style: normal; font-variant: normal; font-kerning: auto; font-optical-sizing: auto; font-feature-settings: normal; font-variation-settings: normal; font-weight: normal; font-stretch: normal; font-size: 7pt; line-height: inherit; font-family: 'Times New Roman';">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold; text-decoration: underline; line-height: inherit;">How such items change or may change revenues, expenses, operating income, financial </font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold; text-decoration: underline; line-height: inherit;">expenses</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold; text-decoration: underline; line-height: inherit;"> or other items of the issuer&#8217;s financial statements</font></li>






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<p style="font-size: 9pt; line-height: 1.2; margin: 10pt 0pt; text-align: justify; text-indent: 0pt;"><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">Not applicable.</font></p>
<div style="margin: 10pt 0pt; padding-left: 0pt; line-height: 1.2; text-indent: 0pt;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold; line-height: inherit; list-style-position: inside; text-align: justify; text-indent: -17.85pt; margin: 6pt 0pt 0pt 0pt !important;"><font style="line-height: inherit;">b.  </font><font style="font-style: normal; font-variant: normal; font-kerning: auto; font-optical-sizing: auto; font-feature-settings: normal; font-variation-settings: normal; font-weight: normal; font-stretch: normal; font-size: 7pt; line-height: inherit; font-family: 'Times New Roman';">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold; text-decoration: underline; line-height: inherit;">Nature and purpose of the transaction</font></font></div>
<div style="margin: 10pt 0pt; padding-left: 0pt; line-height: 1.2; text-indent: 0pt;"><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit; text-align: justify; text-indent: 0pt; margin: 6pt 0pt 0pt 0pt !important;"><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">Not applicable.</font></font></div>
<div style="margin: 10pt 0pt; padding-left: 0pt; line-height: 1.2; text-indent: 0pt;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold; line-height: inherit; list-style-position: inside; text-align: justify; text-indent: -17.85pt; margin: 6pt 0pt 0pt 0pt !important;"><font style="line-height: inherit;">c.  </font><font style="font-style: normal; font-variant: normal; font-kerning: auto; font-optical-sizing: auto; font-feature-settings: normal; font-variation-settings: normal; font-weight: normal; font-stretch: normal; font-size: 7pt; line-height: inherit; font-family: 'Times New Roman';">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold; text-decoration: underline; line-height: inherit;">Nature and </font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold; text-decoration: underline; line-height: inherit;">amount</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold; text-decoration: underline; line-height: inherit;"> of obligations assumed by and rights conferred upon the issuer due to the transaction</font></font></div>
<div style="margin: 10pt 0pt; padding-left: 0pt; line-height: 1.2; text-indent: 0pt;"><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit; text-align: justify; text-indent: 0pt; margin: 6pt 0pt 0pt 0pt !important;"><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">Not applicable.</font></font></div>


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<p style="font-size: 9pt; line-height: 1.2; margin: 10pt 0pt; text-align: justify; text-indent: 0pt;"><br></p>
<p style="font-size: 9pt; line-height: 1.2; margin: 10pt 0pt; text-align: justify; text-indent: 0pt;"><font style="font-size: 9pt; font-family: 'Century Gothic'; font-weight: bold; line-height: inherit;">2</font><font style="font-size: 9pt; font-family: 'Century Gothic'; font-weight: bold; line-height: inherit;">.</font><font style="font-size: 9pt; font-family: 'Century Gothic'; font-weight: bold; line-height: inherit;">10</font><font style="font-size: 9pt; font-family: 'Century Gothic'; font-weight: bold; line-height: inherit;"> - </font><font style="font-size: 9pt; font-family: 'Century Gothic'; font-weight: bold; line-height: inherit;">Discussion on the main elements of the issuer&#8217;s business plan, specifically exploring the</font></p>
<h1 style="font-size: 9pt; line-height: 130%; margin: 6pt 0pt 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold; text-decoration: none; line-height: inherit;">following</font> <font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold; text-decoration: none; line-height: inherit;">topics</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold; text-decoration: none; line-height: inherit;">:</font></h1>
<p style="font-size: 9pt; line-height: 1.2; margin: 10pt 0pt; text-indent: 0pt;"><font style="font-family: Calibri; font-size: 10pt; font-weight: bold; line-height: inherit;">a.</font><font style="font-style: normal; font-variant: normal; font-kerning: auto; font-optical-sizing: auto; font-feature-settings: normal; font-variation-settings: normal; font-weight: normal; font-stretch: normal; font-size: 7pt; line-height: inherit; font-family: 'Times New Roman';">&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="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold; text-decoration: underline; line-height: inherit;">Investments</font></p>
<p style="font-size: 9pt; line-height: 1.2; margin: 10pt 0pt; text-indent: 0pt;"><font style="font-family: Calibri; font-size: 9pt; font-weight: bold; letter-spacing: -0.1pt; line-height: inherit;">i.</font><font style="font-style: normal; font-variant: normal; font-kerning: auto; font-optical-sizing: auto; font-feature-settings: normal; font-variation-settings: normal; font-weight: normal; font-stretch: normal; font-size: 7pt; line-height: inherit; font-family: 'Times New Roman';">&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><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold; line-height: inherit;">Quantitative and qualitative description of the investments in progress and the estimated investments</font></p>
<p style="font-size: 9pt; line-height: 1.2; margin: 10pt 0pt; text-align: justify; text-indent: 0pt;"><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">In 2023, </font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">Ultrapar's</font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;"> investments, net of divestments and receipts, totaled R$ 1.9 billion, a 6% increase compared to 2022, due to higher investments across all businesses</font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">.&nbsp; </font></p>
<p style="font-size: 9pt; line-height: 1.2; margin: 10pt 0pt; text-align: justify; text-indent: 0pt;"><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">Ultragaz</font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;"> invested</font> <font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">R$ 41</font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">1</font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">.</font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">7</font> <font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">million, directed mainly towards equipment installed in new customers in the bulk segment, acquisition and replacement of bottles, maintenance of existing operations and information technology</font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">.</font></p>
<p style="font-size: 9pt; line-height: 1.2; margin: 10pt 0pt; text-align: justify; text-indent: 0pt;"><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">At </font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">Ultracargo,</font> <font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">R$ 33</font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">1</font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">.</font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">8</font> <font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">million were invested, directed towards the acquisition of the </font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">Rondon&#243;polis</font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;"> base from </font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">Ipiranga</font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">, projects for higher efficiency, maintenance and operational safety of the terminals and the payment of the grant of Vila do Conde terminal.</font> </p>
<p style="font-size: 9pt; line-height: 1.2; margin: 10pt 0pt; text-align: justify; text-indent: 0pt;"><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">At </font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">Ipiranga</font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">,</font> <font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">R$ 1</font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">,</font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">143</font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">.</font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">2</font> <font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">million were invested, directed to the expansion and maintenance of </font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">Ipiranga&#8217;s</font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;"> service stations and franchises network and to logistics infrastructure. Out of the total investments, R$ 411.1 million refer to addition to fixed and intangible assets and R$ 768.1 million to contractual assets with customers (exclusive rights). These amounts were reduced by the receipt of R$ 36.1 million of installments from the financing granted to customers, net of releases</font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">.</font> </p>
<p style="font-size: 9pt; line-height: 1.2; margin: 10pt 0pt; text-align: justify; text-indent: 0pt;"><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">For 2024, the investment plan, net of divestments, totals R$ 2.7 billion.</font> </p>
<p style="font-size: 9pt; line-height: 1.2; margin: 10pt 0pt; text-align: justify; text-indent: 0pt;"><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">The approved limit for investments in expansion is 47% higher than 2023, mainly in greater capital allocation to </font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">Ultragaz</font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;"> and </font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">Ultracargo</font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">.</font></p>
<p style="font-size: 9pt; line-height: 1.2; margin: 10pt 0pt; text-align: justify; text-indent: 0pt;"><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">Investments in expansion of </font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">Ipiranga</font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;"> will be mainly directed to branding service stations and expanding logistics infrastructure</font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">.</font></p>
<p style="font-size: 9pt; line-height: 1.2; margin: 10pt 0pt; text-align: justify; text-indent: 0pt;"><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">At </font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">Ultragaz</font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">, investments in expansion are focused on continuously capturing new customers in the bulk segment, on revitalizing and opening points of sale, on projects aimed at optimizing operations and on expanding into new energy solutions.</font></p>
<p style="font-size: 9pt; line-height: 1.2; margin: 10pt 0pt; text-align: justify; text-indent: 0pt;"><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">Ultracargo's</font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;"> investments will be mainly focused on the construction of the railway branch at Opla, on increasing the installed capacity of the </font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">Itaqui</font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">, Santos and </font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">Rondon&#243;polis</font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;"> terminals, on building the </font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">Palmeirante</font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;"> terminal and on paying the grant of Vila do Conde terminal.</font></p>
<p style="font-size: 9pt; line-height: 1.2; margin: 10pt 0pt; text-align: justify; text-indent: 0pt;"><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">The portion of investments focused on maintenance will be directed to the sustaining of the operating units, and mainly includes investments in assets&#8217; maintenance, renewal of service stations and points of sale, operational </font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">safety</font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;"> and information technology (with a focus </font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">on </font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">Ipiranga&#8217;s</font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;"> systems).</font></p>
<p style="font-size: 9pt; line-height: 1.2; margin: 10pt 0pt; text-indent: 0pt;"><font style="font-family: Calibri; font-size: 9pt; font-weight: bold; letter-spacing: -0.1pt; line-height: inherit;">ii.</font><font style="font-style: normal; font-variant: normal; font-kerning: auto; font-optical-sizing: auto; font-feature-settings: normal; font-variation-settings: normal; font-weight: normal; font-stretch: normal; font-size: 7pt; line-height: inherit; font-family: 'Times New Roman';">&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="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold; line-height: inherit;">Sources of financing investments</font></p>
<p style="font-size: 9pt; line-height: 1.2; margin: 10pt 0pt; text-align: justify; text-indent: 0pt;"><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">For more details on the investment financing sources, see &#8220;Item 2.1.d. Funding sources used for working capital and investments in non-current assets&#8221; and &#8220;Item 2.1.e. Funding sources for working capital and investments in non-current assets to be used in the event of liquidity shortfalls&#8221;.</font></p>
<p style="font-size: 9pt; line-height: 1.2; margin: 10pt 0pt; text-indent: 0pt;"><font style="font-family: Calibri; font-size: 9pt; font-weight: bold; letter-spacing: -0.1pt; line-height: inherit;">iii.</font><font style="font-style: normal; font-variant: normal; font-kerning: auto; font-optical-sizing: auto; font-feature-settings: normal; font-variation-settings: normal; font-weight: normal; font-stretch: normal; font-size: 7pt; line-height: inherit; font-family: 'Times New Roman';">&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="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold; line-height: inherit;">Relevant divestments in progress and planned divestments</font> </p>
<p style="font-size: 9pt; line-height: 1.2; margin: 10pt 0pt; text-align: justify; text-indent: 0pt;"><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">There are no relevant divestments in progress or planned.</font> </p>
<p style="font-size: 9pt; line-height: 1.2; margin: 10pt 0pt; text-align: justify; text-indent: 0pt;"><font style="font-family: Calibri; font-size: 10pt; font-weight: bold; line-height: inherit;">b.</font><font style="font-style: normal; font-variant: normal; font-kerning: auto; font-optical-sizing: auto; font-feature-settings: normal; font-variation-settings: normal; font-weight: normal; font-stretch: normal; font-size: 7pt; line-height: inherit; font-family: 'Times New Roman';">&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="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold; text-decoration: underline; line-height: inherit;">Disclosed acquisitions of plants, equipment, patents or other assets that may materially affect the issuer&#8217;s production </font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold; text-decoration: underline; line-height: inherit;">capacity</font></p>
<p style="font-size: 9pt; line-height: 1.2; margin: 10pt 0pt; text-align: justify; text-indent: 0pt;"><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">There are no disclosed acquisitions of plants, equipment, </font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">patents</font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;"> or other assets that may materially affect the issuer's production capacity</font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">.</font></p>
<p style="font-size: 9pt; line-height: 1.2; margin: 10pt 0pt; text-indent: 0pt;"><font style="font-family: Calibri; font-size: 10pt; font-weight: bold; line-height: inherit;">c.</font><font style="font-style: normal; font-variant: normal; font-kerning: auto; font-optical-sizing: auto; font-feature-settings: normal; font-variation-settings: normal; font-weight: normal; font-stretch: normal; font-size: 7pt; line-height: inherit; font-family: 'Times New Roman';">&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="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold; text-decoration: underline; line-height: inherit;">New products and services</font></p>
<p style="font-size: 9pt; line-height: 1.2; margin: 10pt 0pt; text-indent: 0pt;"><font style="font-family: Calibri; font-size: 9pt; font-weight: bold; letter-spacing: -0.1pt; line-height: inherit;">&nbsp; &nbsp; &nbsp; &nbsp; &nbsp;i.</font><font style="font-style: normal; font-variant: normal; font-kerning: auto; font-optical-sizing: auto; font-feature-settings: normal; font-variation-settings: normal; font-weight: normal; font-stretch: normal; font-size: 7pt; line-height: inherit; font-family: 'Times New Roman';">&nbsp; &nbsp; &nbsp; &nbsp;</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold; line-height: inherit;">Description of research in progress already </font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold; line-height: inherit;">disclosed</font></p>
<p style="font-size: 9pt; line-height: 1.2; margin: 10pt 0pt; text-indent: 0pt;"><font style="font-family: Calibri; font-size: 9pt; font-weight: bold; letter-spacing: -0.1pt; line-height: inherit;">&nbsp; &nbsp; &nbsp; &nbsp; &nbsp;ii.</font><font style="font-style: normal; font-variant: normal; font-kerning: auto; font-optical-sizing: auto; font-feature-settings: normal; font-variation-settings: normal; font-weight: normal; font-stretch: normal; font-size: 7pt; line-height: inherit; font-family: 'Times New Roman';">&nbsp; &nbsp; &nbsp;&nbsp;</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold; line-height: inherit;">Total amounts spent by the issuer on research to develop new products or </font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold; line-height: inherit;">services</font></p>
<p style="font-size: 9pt; line-height: 1.2; margin: 10pt 0pt; text-indent: 0pt;"><font style="font-family: Calibri; font-size: 9pt; font-weight: bold; letter-spacing: -0.1pt; line-height: inherit;">&nbsp; &nbsp; &nbsp; &nbsp; &nbsp;iii.</font><font style="font-style: normal; font-variant: normal; font-kerning: auto; font-optical-sizing: auto; font-feature-settings: normal; font-variation-settings: normal; font-weight: normal; font-stretch: normal; font-size: 7pt; line-height: inherit; font-family: 'Times New Roman';">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold; line-height: inherit;">Disclosed projects under development</font></p>
<p style="font-size: 9pt; line-height: 1.2; margin: 10pt 0pt; text-indent: 0pt;"><font style="font-family: Calibri; font-size: 9pt; font-weight: bold; letter-spacing: -0.1pt; line-height: inherit;">&nbsp; &nbsp; &nbsp; &nbsp; &nbsp;iv.</font><font style="font-style: normal; font-variant: normal; font-kerning: auto; font-optical-sizing: auto; font-feature-settings: normal; font-variation-settings: normal; font-weight: normal; font-stretch: normal; font-size: 7pt; line-height: inherit; font-family: 'Times New Roman';">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold; line-height: inherit;">Total amounts spent by the issuer to develop new products or </font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold; line-height: inherit;">services</font></p>
<p style="font-size: 9pt; line-height: 1.2; margin: 10pt 0pt; text-align: justify; text-indent: 0pt;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold; text-decoration: underline; line-height: inherit;">Ultrapar</font></p>
<p style="font-size: 9pt; line-height: 1.2; margin: 10pt 0pt; text-align: justify; text-indent: 0pt;"><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">The companies in the portfolio maintain their own structures and teams dedicated to innovation, </font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">research</font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;"> and development, being Ultrapar responsible to foster an innovation culture and identify potential synergies between businesses through its leaders and specific events for innovation themes with multi-business impact. In 2023, for instance, Ultrapar held an in-person event on artificial intelligence as part of the Ultra Innovation Talks series, designed for the key leaders of the Company, featuring lectures and practical case presentations from companies in the portfolio. Additionally, leveraging from its larger scale and knowledge, Ultrapar, through its venture capital fund (<font style="font-style: italic;">UVC </font></font><font style="font-style: italic;"><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">Investimentos</font></font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">),
<font style="font-size: 9.0pt; line-height: 107%; font-family: 'Century Gothic',sans-serif; mso-fareast-font-family: Calibri; mso-bidi-font-family: Calibri; mso-bidi-theme-font: minor-latin; mso-ansi-language: EN-US; mso-fareast-language: PT-BR; mso-bidi-language: PT-BR;">evaluates startups
and innovative companies for potential investments in operations that may be
complementary or have disruptive potential in relation to its businesses, and
has made 10 investments in the last three years</font></font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">.</font></p>


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<p style="font-size: 9pt; line-height: 1.2; margin: 10pt 0pt; text-align: justify; text-indent: 0pt;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold; text-decoration: underline; line-height: inherit;">Ultragaz</font></p>
<p style="font-size: 9pt; line-height: 1.2; margin: 10pt 0pt; text-align: justify; text-indent: 0pt;"><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">Ultragaz</font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;"> launched, in October 2023, the </font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">Ultragaz</font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;"> Open Innovation Channel with the aim of approaching potential partners who support its evolution journey, focusing on four pillars: (</font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">i</font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">) safety, (ii) efficiency, productivity and sustainability, (iii) customer experience and (iv) energy in agribusiness. </font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">Ultragaz</font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;"> was also recognized as one of the organizations that most develops innovations with startups through the 100 Open Startups platform. In addition to its presence in the TOP 100 Open Corps 2023 general ranking, </font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">Ultragaz</font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;"> ranked fifth in the Oil and Gas category. On the digitalization front, </font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">Ultragaz</font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;"> made partnership with </font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">abastece</font> <font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">a&#237;</font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">, a company connected to the </font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">Ipiranga&#8217;s</font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;"> ecosystem, which started to offer </font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">Ultragaz&#8217;s</font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;"> products in its app, with a cashback guarantee.</font></p>
<p style="font-size: 9pt; line-height: 1.2; margin: 10pt 0pt; text-align: justify; text-indent: 0pt;"><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">The </font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">Ultragaz</font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;"> app surpassed the 5 million downloads mark and recorded 300% growth in sales compared to 2022. The last mile app </font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">AmigU</font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">, which directs the order to the nearest delivery person and allows the consumer to track delivery in real time, ended the year with more than 5 thousand </font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">registered delivery personnel, while MAP (<font style="font-style: italic;">Meu </font></font><font style="font-style: italic;"><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">Aplicativo</font> <font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">Parceiro</font></font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">), which provides solutions to improve financial and operational management of resellers, training (including in ESG) and promotional materials, had a 94% usage rate from resellers, with 92% of supply orders made through it. In relation to the portfolio of solutions, </font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">Ultragaz</font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;"> has invested in self-service machines called </font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">Ultragaz</font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;"> 24 hours, which offer more practicality and agility to customers in the bottled segment when purchasing P-13 bottles and ended the year operating in around 20 cities in the states of S&#227;o Paulo, Minas Gerais, Rio de Janeiro, </font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">Paran&#225;</font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;"> and Rio Grande do Sul.</font></p>
<p style="font-size: 9pt; line-height: 1.2; margin: 10pt 0pt; text-align: justify; text-indent: 0pt;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold; text-decoration: underline; line-height: inherit;">Ultracargo</font></p>
<p style="font-size: 9pt; line-height: 1.2; margin: 10pt 0pt; text-align: justify; text-indent: 0pt;"><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">Ultracargo</font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;"> has intensified its investments in technology and innovation in recent years, mainly with the implementation of the SOUL system (</font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">Ultracargo&#8217;s</font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;"> Operations System), an operational management model that aims at the continuous evolution of processes and operational optimization, and with the digital transformation of systems and processes of the company. With these systems in operation at the Aratu (state of Bahia), </font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">Itaqui</font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;"> (state of Maranh&#227;o), Rio de Janeiro (state of Rio de Janeiro), Santos (state of S&#227;o Paulo), </font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">Suape</font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;"> (state of Pernambuco) and Vila do Conde (state of Par&#225;) terminals, </font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">Ultracargo</font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;"> ended 2023 with an average productivity (measured in tons per operator) 23% higher and with a 22% reduction in the average road loading time compared to 2020. One of the technologies available at the terminals are product loading pump sensors, which monitor any inappropriate behavior in the equipment, such as excess temperature or vibration. A platform that uses artificial intelligence resources analyzes the data collected by the sensors and triggers alerts in real time, reducing the occurrence of operational stoppages for maintenance. Besides that, to guarantee the integrity of assets and strengthen the safety of operations, the buried pipeline inspection project was concluded, using non-destructive technology that allows the pipeline to be inspected without excavation based on the analysis of the metal's magnetic memory. This solution provides accurate data on possible damage to pipes, which allows the time and cost to carry out inspection to be reduced by more than 50%, when compared to the traditional method</font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">.</font></p>
<p style="font-size: 9pt; line-height: 1.2; margin: 10pt 0pt; text-align: justify; text-indent: 0pt;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold; text-decoration: underline; line-height: inherit;">Ipiranga</font></p>
<p style="font-size: 9pt; line-height: 1.2; margin: 10pt 0pt; text-align: justify; text-indent: 0pt;"><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">Ipiranga</font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;"> launched, in 2023, its new purpose &#8220;</font><font style="font-style: italic;"><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">Abastecer</font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;"> a Vida </font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">em</font> <font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">Movimento</font></font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">&#8221; (&#8220;Fueling life on the go&#8221;) and the evolution of its brand, including its new visual identity. With the process, the new layout of the service stations was created, which provides a more fluid and complete experience for consumers, integrating physical and digital journeys and other brands in the </font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">Ipiranga&#8217;s</font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;"> ecosystem. The new model reduces implementation and maintenance costs for resellers by around 30% and presents solutions that decrease the use of natural resources. The opening of the first service station in the new format, in April in the city of S&#227;o Paulo, was the moment chosen by </font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">Ipiranga</font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;"> to launch the </font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">Ipimax</font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;"> line, which combined </font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">Ipiranga's</font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;"> quality with the new additive fuel technology. In its versions for gasoline, </font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">diesel</font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;"> and ethanol, </font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">Ipimax</font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;"> presents a 3% to 6% higher yield compared to traditional fuels and reduces the need for vehicle engine maintenance. </font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">Ipiranga</font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;"> also became the first company in the country to offer R5 diesel additive, which contains 5% of vegetable oil in its composition, in addition to the mandatory blend of biodiesel. For resellers and franchisees, </font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">Ipiranga</font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;"> continued to invest in the evolution of the </font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">Conecta</font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;"> platform, </font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">an</font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;"> unified management tool (runway, </font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">AmPm</font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;"> and Jet Oil) integrated to </font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">Ipiranga&#8217;s</font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;"> products and services available in the </font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">Ipiranga</font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;"> Partner Program (PPI), ensuring greater operational efficiency, financial security, agility in service, cost optimization and increased revenues for business partners. </font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">Ipiranga</font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;"> was once more recognized in the TOP 100 Open Corps 2023 general ranking and occupied the fourth position in the Retail and Distribution category. The use of data science has undergone a great evolution at </font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">Ipiranga</font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">, turning the decision-making process more robust, contributing to significant advances in pricing and increasing customer satisfaction.</font></p>
<p style="font-size: 9pt; line-height: 1.2; margin: 10pt 0pt; text-indent: 0pt;"><font style="font-family: Calibri; font-size: 10pt; font-weight: bold; line-height: inherit;">d.</font><font style="font-style: normal; font-variant: normal; font-kerning: auto; font-optical-sizing: auto; font-feature-settings: normal; font-variation-settings: normal; font-weight: normal; font-stretch: normal; font-size: 7pt; line-height: inherit; font-family: 'Times New Roman';">&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="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold; text-decoration: underline; line-height: inherit;">Opportunities included in the issuer's business plan related to ESG </font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold; text-decoration: underline; line-height: inherit;">matters</font></p>
<p style="font-size: 9pt; line-height: 1.2; margin: 10pt 0pt; text-align: justify; text-indent: 0pt;"><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">Sustainability is intrinsic to the strategic planning of Ultrapar and its businesses</font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">. </font></p>
<p style="font-size: 9pt; line-height: 1.2; margin: 10pt 0pt; text-align: justify; text-indent: 0pt;"><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">In 2024,&nbsp;</font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">Ipiranga</font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;"> should advance on its ESG strategy</font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;"> primarily through the </font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">efficient logistics pillar</font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">. </font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">Ipiranga</font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;"> is a major distribution platform for biofuels and the Company sees many opportunities in this industry, given that ethanol should increase its presence in the energy matrix in the future</font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">.</font></p>
<p style="font-size: 9pt; line-height: 1.2; margin: 10pt 0pt; text-align: justify; text-indent: 0pt;"><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">Ultragaz's</font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;"> strategy is focused on opportunities for new uses of LPG and growth through energy diversification (besides LPG), investing in energy transition, eco-efficient operations and in the value chain. The company has already started this diversification journey by investing in renewable energies, with the acquisitions of Stella and NEOg&#225;s</font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">. </font></p>
<p style="font-size: 9pt; line-height: 1.2; margin: 10pt 0pt; text-align: justify; text-indent: 0pt;"><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">The record results presented by </font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">Ultracargo</font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;"> in recent years are connected to its strategy of capacity expansion, operational efficiency, safety and productivity gains, and opportunities associated with energy transition. The company is preparing itself and looking for alternatives to expand to inland operations</font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">, </font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">such as the acquisition of a 50% stake in Opla, </font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">the largest independent terminal of ethanol in Brazil</font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">, l</font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">ocated in </font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">Paul&#237;nia</font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;"> (state of S&#227;o Paulo)</font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">, and the acquisition of the </font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">Rondon</font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">&#243;</font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">polis</font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;"> base (state of Mato Grosso),</font> <font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">increasing its share in biofuels handling, especially ethanol, linked to Brazil's potential to lead the transition to a low-carbon economy</font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">.</font></p>
<p style="font-size: 9pt; line-height: 1.2; margin: 10pt 0pt; text-align: justify; text-indent: 0pt;"><br></p>
<p style="font-size: 9pt; line-height: 1.2; margin: 10pt 0pt; text-align: justify; text-indent: 0pt;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold; line-height: inherit;">2</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold; line-height: inherit;">.</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold; line-height: inherit;">11</font>&nbsp;-&nbsp;<font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold; line-height: inherit;">Comments on other factors that have materially influenced operational performance and that have not been identified or commented on in the other items of this </font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold; line-height: inherit;">section</font></p>
<p style="font-size: 9pt; line-height: 1.2; margin: 10pt 0pt; text-align: justify; text-indent: 0pt;"><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">No other relevant factors influenced the Company's performance in</font> <font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">202</font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">3</font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">.</font></p>


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<img src="img9f7973a527a746b995f9.jpg" style="display: block; margin-left: auto; margin-right: auto;" alt="Graphics"></div>
<div style="font-family: 'Century Gothic'; font-size: 10pt; text-align: center;"><font style="font-weight: bold; font-family: 'Century Gothic';"><a style="text-decoration: none; color: #000000; cursor: default; outline: none; pointer-events: none;" href="#TOC" name="BEXIV_822024195118553" class="customBookmark">Exhibit IV</a> - Allocation of net income proposal for the fiscal year, pursuant to Annex A of CVM Resolution 81/22</font></div>
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  thousands of Reais, except when otherwise mentioned)</td>
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    12/31/2023</td>








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<td style="padding-top: 1px; padding-right: 0px; padding-left: 0px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; text-align: left; vertical-align: top; border: none; white-space: nowrap; height: 10px; margin: 0px; text-indent: 0px;"></td>








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<td height="18" style="height: 13px; padding-top: 1px; padding-right: 0px; padding-left: 0px; color: windowtext; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; text-align: left; vertical-align: top; border: 1pt solid windowtext; white-space: normal; margin: 0px; text-indent: 0px; width: 64%;">1.<font style="mso-spacerun: yes;">&nbsp;&nbsp; </font>Inform net income for the fiscal year&#185;</td>
<td style="padding-top: 1px; padding-right: 0px; padding-left: 0px; color: windowtext; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; text-align: left; vertical-align: top; border: none; white-space: normal; height: 13px; margin: 0px; text-indent: 0px; width: 1%;"></td>
<td style="padding-top: 1px; padding-right: 0px; padding-left: 0px; color: #000000; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; text-align: right; vertical-align: top; border: 1pt solid black; white-space: nowrap; height: 13px; margin: 0px; text-indent: 0px; width: 35%;">2,439,796</td>








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<td style="padding-top: 1px; padding-right: 0px; padding-left: 0px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; text-align: left; vertical-align: top; border: none; white-space: nowrap; height: 8px; margin: 0px; text-indent: 0px;"></td>








 </tr>
<tr style="height: 25px;">
<td height="34" style="height: 25px; padding-top: 1px; padding-right: 0px; padding-left: 0px; color: windowtext; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: top; border-top: 1pt solid windowtext; border-right: 1pt solid windowtext; border-bottom: none; border-left: 1pt solid windowtext; border-image: initial; white-space: normal; margin: 0px; text-indent: 0px; text-align: justify;">2.<font style="mso-spacerun: yes;">&nbsp;&nbsp; </font>Inform the total amount of dividends and
  dividends per share, including prepaid dividends and interest on equity
  already declared</td>
<td style="padding-top: 1px; padding-right: 0px; padding-left: 0px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; text-align: left; vertical-align: top; border: none; white-space: nowrap; height: 25px; margin: 0px; text-indent: 0px;"></td>
<td style="padding-top: 1px; padding-right: 0px; padding-left: 0px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; text-align: left; vertical-align: top; border-top: 1pt solid windowtext; border-right: 1pt solid windowtext; border-bottom: none; border-left: 1pt solid windowtext; border-image: initial; white-space: nowrap; height: 25px; margin: 0px; text-indent: 0px;">&nbsp;</td>








 </tr>
<tr style="height: 13px;">
<td height="18" style="height: 13px; padding-top: 1px; padding-right: 0px; padding-left: 0px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; text-align: right; vertical-align: top; border-top: none; border-right: 1pt solid windowtext; border-bottom: none; border-left: 1pt solid windowtext; border-image: initial; white-space: normal; margin: 0px; text-indent: 0px;">Total
  amount</td>
<td style="padding-top: 1px; padding-right: 0px; padding-left: 0px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; text-align: left; vertical-align: top; border: none; white-space: normal; height: 13px; margin: 0px; text-indent: 0px;"></td>
<td style="padding-top: 1px; padding-right: 0px; padding-left: 0px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; text-align: right; vertical-align: bottom; border-top: none; border-right: 1pt solid windowtext; border-bottom: none; border-left: 1pt solid windowtext; border-image: initial; white-space: nowrap; height: 13px; margin: 0px; text-indent: 0px;">713,482</td>








 </tr>
<tr style="height: 13px;">
<td height="18" style="height: 13px; padding-top: 1px; padding-right: 0px; padding-left: 0px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; text-align: right; vertical-align: top; border-top: none; border-right: 1pt solid windowtext; border-bottom: none; border-left: 1pt solid windowtext; border-image: initial; white-space: normal; margin: 0px; text-indent: 0px;">Amount
  per common share (R$) - Interim dividends</td>
<td style="padding-top: 1px; padding-right: 0px; padding-left: 0px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; text-align: left; vertical-align: top; border: none; white-space: normal; height: 13px; margin: 0px; text-indent: 0px;"></td>
<td style="padding-top: 1px; padding-right: 0px; padding-left: 0px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; text-align: right; vertical-align: top; border-top: none; border-right: 1pt solid windowtext; border-bottom: none; border-left: 1pt solid windowtext; border-image: initial; white-space: nowrap; height: 13px; margin: 0px; text-indent: 0px;">0.25</td>








 </tr>
<tr style="height: 10px;">
<td height="18" style="height: 10px; padding-top: 1px; padding-right: 0px; padding-left: 0px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; text-align: right; vertical-align: top; border-top: none; border-right: 1pt solid windowtext; border-bottom: 1pt solid windowtext; border-left: 1pt solid windowtext; border-image: initial; white-space: normal; margin: 0px; text-indent: 0px;">Amount
  per common share (R$) - Complementary dividends</td>
<td style="padding-top: 1px; padding-right: 0px; padding-left: 0px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; text-align: left; vertical-align: top; border: none; white-space: normal; height: 10px; margin: 0px; text-indent: 0px;"></td>
<td style="padding-top: 1px; padding-right: 0px; padding-left: 0px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; text-align: right; vertical-align: top; border-top: none; border-right: 1pt solid windowtext; border-bottom: 1pt solid windowtext; border-left: 1pt solid windowtext; border-image: initial; white-space: nowrap; height: 10px; margin: 0px; text-indent: 0px;">0.40</td>








 </tr>
<tr style="height: 10px;">
<td height="18" style="height: 10px; padding-top: 1px; padding-right: 0px; padding-left: 0px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; text-align: left; vertical-align: top; border: none; white-space: nowrap; margin: 0px; text-indent: 0px;"></td>
<td style="padding-top: 1px; padding-right: 0px; padding-left: 0px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; text-align: left; vertical-align: top; border: none; white-space: nowrap; height: 10px; margin: 0px; text-indent: 0px;"></td>
<td style="padding-top: 1px; padding-right: 0px; padding-left: 0px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; text-align: left; vertical-align: top; border: none; white-space: nowrap; height: 10px; margin: 0px; text-indent: 0px;"></td>








 </tr>
<tr style="height: 13px;">
<td height="18" style="height: 13px; padding-top: 1px; padding-right: 0px; padding-left: 0px; color: windowtext; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: top; border: 1pt solid windowtext; white-space: normal; margin: 0px; text-indent: 0px; text-align: justify;">3.<font style="mso-spacerun: yes;">&nbsp;&nbsp; </font>Inform the percentage of distribution of
  the net income for the fiscal year</td>
<td style="padding-top: 1px; padding-right: 0px; padding-left: 0px; color: windowtext; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; text-align: left; vertical-align: top; border: none; white-space: nowrap; height: 13px; margin: 0px; text-indent: 0px;"></td>
<td style="padding-top: 1px; padding-right: 0px; padding-left: 0px; color: #000000; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; text-align: right; vertical-align: top; border: 1pt solid windowtext; white-space: nowrap; height: 13px; margin: 0px; text-indent: 0px;">29%</td>








 </tr>
<tr style="height: 10px;">
<td height="18" style="height: 10px; padding-top: 1px; padding-right: 0px; padding-left: 0px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; text-align: left; vertical-align: top; border: none; white-space: nowrap; margin: 0px; text-indent: 0px;"></td>
<td style="padding-top: 1px; padding-right: 0px; padding-left: 0px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; text-align: left; vertical-align: top; border: none; white-space: nowrap; height: 10px; margin: 0px; text-indent: 0px;"></td>
<td style="padding-top: 1px; padding-right: 0px; padding-left: 0px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; text-align: left; vertical-align: top; border: none; white-space: nowrap; height: 10px; margin: 0px; text-indent: 0px;"></td>








 </tr>
<tr style="height: 25px;">
<td height="34" style="height: 25px; padding-top: 1px; padding-right: 0px; padding-left: 0px; color: #000000; font-size: 10pt; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: top; border-top: 1pt solid windowtext; border-right: 1pt solid windowtext; border-bottom: none; border-left: 1pt solid windowtext; border-image: initial; white-space: normal; margin: 0px; text-indent: 0px;"><font style="font-weight: bold;"><font class="font5">4.<font style="mso-spacerun: yes;">&nbsp;&nbsp; </font>Inform the total
  amount of dividends and dividends per share based on the net income of&nbsp;previous years</font></font></td>
<td style="padding-top: 1px; padding-right: 0px; padding-left: 0px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; text-align: left; vertical-align: top; border: none; white-space: normal; height: 25px; margin: 0px; text-indent: 0px;"></td>
<td style="padding-top: 1px; padding-right: 0px; padding-left: 0px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; text-align: left; vertical-align: top; border-top: 1pt solid windowtext; border-right: 1pt solid windowtext; border-bottom: none; border-left: 1pt solid windowtext; border-image: initial; white-space: normal; height: 25px; margin: 0px; text-indent: 0px;">&nbsp;</td>








 </tr>
<tr style="height: 13px;">
<td height="18" style="height: 13px; padding-top: 1px; padding-right: 0px; padding-left: 0px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; text-align: right; vertical-align: bottom; border-top: none; border-right: 1pt solid windowtext; border-bottom: none; border-left: 1pt solid windowtext; border-image: initial; white-space: normal; margin: 0px; text-indent: 0px;">Total
  amount</td>
<td style="padding-top: 1px; padding-right: 0px; padding-left: 0px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; text-align: right; vertical-align: bottom; border: none; white-space: normal; height: 13px; margin: 0px; text-indent: 0px;"></td>
<td style="padding-top: 1px; padding-right: 0px; padding-left: 0px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; text-align: right; vertical-align: bottom; border-top: none; border-right: 1pt solid windowtext; border-bottom: none; border-left: 1pt solid windowtext; border-image: initial; white-space: normal; height: 13px; margin: 0px; text-indent: 0px;">-</td>








 </tr>
<tr style="height: 13px;">
<td height="18" style="height: 13px; padding-top: 1px; padding-right: 0px; padding-left: 0px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; text-align: right; vertical-align: bottom; border-top: none; border-right: 1pt solid windowtext; border-bottom: 1pt solid windowtext; border-left: 1pt solid windowtext; border-image: initial; white-space: normal; margin: 0px; text-indent: 0px;">Amount
  per common share (R$) - Interim dividends</td>
<td style="padding-top: 1px; padding-right: 0px; padding-left: 0px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; text-align: right; vertical-align: bottom; border: none; white-space: normal; height: 13px; margin: 0px; text-indent: 0px;"></td>
<td style="padding-top: 1px; padding-right: 0px; padding-left: 0px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; text-align: right; vertical-align: top; border-top: none; border-right: 1pt solid windowtext; border-bottom: 1pt solid windowtext; border-left: 1pt solid windowtext; border-image: initial; white-space: normal; height: 13px; margin: 0px; text-indent: 0px;">-</td>








 </tr>
<tr style="height: 10px;">
<td height="18" style="height: 10px; padding-top: 1px; padding-right: 0px; padding-left: 0px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; text-align: left; vertical-align: top; border: none; white-space: nowrap; margin: 0px; text-indent: 0px;"></td>
<td style="padding-top: 1px; padding-right: 0px; padding-left: 0px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; text-align: left; vertical-align: top; border: none; white-space: nowrap; height: 10px; margin: 0px; text-indent: 0px;"></td>
<td style="padding-top: 1px; padding-right: 0px; padding-left: 0px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; text-align: left; vertical-align: top; border: none; white-space: nowrap; height: 10px; margin: 0px; text-indent: 0px;"></td>








 </tr>
<tr style="height: 13px;">
<td height="18" style="height: 13px; padding-top: 1px; padding-right: 0px; padding-left: 0px; color: windowtext; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; text-align: left; vertical-align: top; border-top: 1pt solid windowtext; border-right: 1pt solid windowtext; border-bottom: none; border-left: 1pt solid windowtext; border-image: initial; white-space: normal; margin: 0px; text-indent: 0px;">5.<font style="mso-spacerun: yes;">&nbsp;&nbsp; </font>Inform, deducting prepaid dividends and
  interest on equity declared:</td>
<td style="padding-top: 1px; padding-right: 0px; padding-left: 0px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; text-align: left; vertical-align: top; border: none; white-space: normal; height: 13px; margin: 0px; text-indent: 0px;"></td>
<td style="padding-top: 1px; padding-right: 0px; padding-left: 0px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; text-align: left; vertical-align: top; border-top: 1pt solid windowtext; border-right: 1pt solid windowtext; border-bottom: none; border-left: 1pt solid windowtext; border-image: initial; white-space: normal; height: 13px; margin: 0px; text-indent: 0px;">&nbsp;</td>








 </tr>
<tr style="height: 10px;">
<td height="18" style="height: 10px; padding-top: 1px; padding-right: 0px; padding-left: 0px; color: windowtext; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; text-align: left; vertical-align: top; border-top: none; border-right: 1pt solid windowtext; border-bottom: none; border-left: 1pt solid windowtext; border-image: initial; white-space: normal; margin: 0px; text-indent: 0px;">&nbsp;</td>
<td style="padding-top: 1px; padding-right: 0px; padding-left: 0px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; text-align: left; vertical-align: top; border: none; white-space: normal; height: 10px; margin: 0px; text-indent: 0px;"></td>
<td style="padding-top: 1px; padding-right: 0px; padding-left: 0px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; text-align: left; vertical-align: top; border-top: none; border-right: 1pt solid windowtext; border-bottom: none; border-left: 1pt solid windowtext; border-image: initial; white-space: normal; height: 10px; margin: 0px; text-indent: 0px;">&nbsp;</td>








 </tr>
<tr style="height: 26px;">
<td height="35" style="height: 26px; padding-top: 1px; padding-right: 0px; padding-left: 0px; color: windowtext; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: top; border-top: none; border-right: 1pt solid windowtext; border-bottom: none; border-left: 1pt solid windowtext; border-image: initial; white-space: normal; margin: 0px; text-indent: 0px; text-align: justify;">a.<font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>The gross amount of dividends and
  interest on equity, individually, based on the number of shares of each type
  and class</td>
<td style="padding-top: 1px; padding-right: 0px; padding-left: 0px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; text-align: left; vertical-align: top; border: none; white-space: normal; height: 26px; margin: 0px; text-indent: 0px;"></td>
<td style="padding-top: 1px; padding-right: 0px; padding-left: 0px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; text-align: right; vertical-align: bottom; border-top: none; border-right: 1pt solid windowtext; border-bottom: none; border-left: 1pt solid windowtext; border-image: initial; white-space: normal; height: 26px; margin: 0px; text-indent: 0px;">-</td>








 </tr>
<tr style="height: 13px;">
<td height="18" style="height: 13px; padding-top: 1px; padding-right: 0px; padding-left: 0px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; text-align: right; vertical-align: top; border-top: none; border-right: 1pt solid windowtext; border-bottom: none; border-left: 1pt solid windowtext; border-image: initial; white-space: normal; margin: 0px; text-indent: 0px;">Gross
  amount - Dividends common share</td>
<td style="padding-top: 1px; padding-right: 0px; padding-left: 0px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; text-align: left; vertical-align: top; border: none; white-space: normal; height: 13px; margin: 0px; text-indent: 0px;"></td>
<td style="padding-top: 1px; padding-right: 0px; padding-left: 0px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; text-align: right; vertical-align: bottom; border-top: none; border-right: 1pt solid windowtext; border-bottom: none; border-left: 1pt solid windowtext; border-image: initial; white-space: normal; height: 13px; margin: 0px; text-indent: 0px;">-</td>








 </tr>
<tr style="height: 13px;">
<td height="18" style="height: 13px; padding-top: 1px; padding-right: 0px; padding-left: 0px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; text-align: right; vertical-align: top; border-top: none; border-right: 1pt solid windowtext; border-bottom: none; border-left: 1pt solid windowtext; border-image: initial; white-space: normal; margin: 0px; text-indent: 0px;">&nbsp;</td>
<td style="padding-top: 1px; padding-right: 0px; padding-left: 0px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; text-align: left; vertical-align: top; border: none; white-space: normal; height: 13px; margin: 0px; text-indent: 0px;"></td>
<td style="padding-top: 1px; padding-right: 0px; padding-left: 0px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; text-align: right; vertical-align: bottom; border-top: none; border-right: 1pt solid windowtext; border-bottom: none; border-left: 1pt solid windowtext; border-image: initial; white-space: normal; height: 13px; margin: 0px; text-indent: 0px;">&nbsp;</td>








 </tr>
<tr style="height: 13px;">
<td height="18" style="height: 13px; padding-top: 1px; padding-right: 0px; padding-left: 0px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; text-align: left; vertical-align: top; border-top: none; border-right: 1pt solid windowtext; border-bottom: none; border-left: 1pt solid windowtext; border-image: initial; white-space: normal; margin: 0px; text-indent: 0px;">b.<font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp; </font>Form and term of dividend and interest
  on equity payments</td>
<td style="padding-top: 1px; padding-right: 0px; padding-left: 0px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; text-align: left; vertical-align: top; border: none; white-space: nowrap; height: 13px; margin: 0px; text-indent: 0px;"></td>
<td style="padding-top: 1px; padding-right: 0px; padding-left: 0px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; text-align: right; vertical-align: bottom; border-top: none; border-right: 1pt solid windowtext; border-bottom: none; border-left: 1pt solid windowtext; border-image: initial; white-space: normal; height: 13px; margin: 0px; text-indent: 0px;">-</td>








 </tr>
<tr style="height: 13px;">
<td height="18" style="height: 13px; padding-top: 1px; padding-right: 0px; padding-left: 0px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; text-align: right; vertical-align: top; border-top: none; border-right: 1pt solid windowtext; border-bottom: none; border-left: 1pt solid windowtext; border-image: initial; white-space: normal; margin: 0px; text-indent: 0px;">Form of
  payment</td>
<td style="padding-top: 1px; padding-right: 0px; padding-left: 0px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; text-align: left; vertical-align: top; border: none; white-space: nowrap; height: 13px; margin: 0px; text-indent: 0px;"></td>
<td style="padding-top: 1px; padding-right: 0px; padding-left: 0px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; text-align: right; vertical-align: bottom; border-top: none; border-right: 1pt solid windowtext; border-bottom: none; border-left: 1pt solid windowtext; border-image: initial; white-space: normal; height: 13px; margin: 0px; text-indent: 0px;">-</td>








 </tr>
<tr style="height: 13px;">
<td height="18" style="height: 13px; padding-top: 1px; padding-right: 0px; padding-left: 0px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; text-align: right; vertical-align: top; border-top: none; border-right: 1pt solid windowtext; border-bottom: none; border-left: 1pt solid windowtext; border-image: initial; white-space: normal; margin: 0px; text-indent: 0px;">Payment
  term</td>
<td style="padding-top: 1px; padding-right: 0px; padding-left: 0px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; text-align: left; vertical-align: top; border: none; white-space: nowrap; height: 13px; margin: 0px; text-indent: 0px;"></td>
<td style="padding-top: 1px; padding-right: 0px; padding-left: 0px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; text-align: right; vertical-align: bottom; border-top: none; border-right: 1pt solid windowtext; border-bottom: none; border-left: 1pt solid windowtext; border-image: initial; white-space: normal; height: 13px; margin: 0px; text-indent: 0px;">-</td>








 </tr>
<tr style="height: 10px;">
<td height="18" style="height: 10px; padding-top: 1px; padding-right: 0px; padding-left: 0px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; text-align: right; vertical-align: top; border-top: none; border-right: 1pt solid windowtext; border-bottom: none; border-left: 1pt solid windowtext; border-image: initial; white-space: normal; margin: 0px; text-indent: 0px;">&nbsp;</td>
<td style="padding-top: 1px; padding-right: 0px; padding-left: 0px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; text-align: left; vertical-align: top; border: none; white-space: nowrap; height: 10px; margin: 0px; text-indent: 0px;"></td>
<td style="padding-top: 1px; padding-right: 0px; padding-left: 0px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; text-align: right; vertical-align: bottom; border-top: none; border-right: 1pt solid windowtext; border-bottom: none; border-left: 1pt solid windowtext; border-image: initial; white-space: normal; height: 10px; margin: 0px; text-indent: 0px;">&nbsp;</td>








 </tr>
<tr style="height: 13px;">
<td height="18" style="height: 13px; padding-top: 1px; padding-right: 0px; padding-left: 0px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; text-align: left; vertical-align: top; border-top: none; border-right: 1pt solid windowtext; border-bottom: none; border-left: 1pt solid windowtext; border-image: initial; white-space: normal; margin: 0px; text-indent: 0px;">c.<font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>Any levy of monetary restatement and
  interest on dividends and interest on equity</td>
<td style="padding-top: 1px; padding-right: 0px; padding-left: 0px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; text-align: left; vertical-align: top; border: none; white-space: nowrap; height: 13px; margin: 0px; text-indent: 0px;"></td>
<td style="padding-top: 1px; padding-right: 0px; padding-left: 0px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; text-align: right; vertical-align: bottom; border-top: none; border-right: 1pt solid windowtext; border-bottom: none; border-left: 1pt solid windowtext; border-image: initial; white-space: normal; height: 13px; margin: 0px; text-indent: 0px;">-</td>








 </tr>
<tr style="height: 13px;">
<td height="18" style="height: 13px; padding-top: 1px; padding-right: 0px; padding-left: 0px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; text-align: left; vertical-align: top; border-top: none; border-right: 1pt solid windowtext; border-bottom: none; border-left: 1pt solid windowtext; border-image: initial; white-space: normal; margin: 0px; text-indent: 0px;">&nbsp;</td>
<td style="padding-top: 1px; padding-right: 0px; padding-left: 0px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; text-align: left; vertical-align: top; border: none; white-space: nowrap; height: 13px; margin: 0px; text-indent: 0px;"></td>
<td style="padding-top: 1px; padding-right: 0px; padding-left: 0px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; text-align: right; vertical-align: bottom; border-top: none; border-right: 1pt solid windowtext; border-bottom: none; border-left: 1pt solid windowtext; border-image: initial; white-space: normal; height: 13px; margin: 0px; text-indent: 0px;">&nbsp;</td>








 </tr>
<tr style="height: 10px;">
<td height="35" style="height: 10px; padding-top: 1px; padding-right: 0px; padding-left: 0px; color: #000000; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: top; border-top: none; border-right: 1pt solid windowtext; border-bottom: 1pt solid windowtext; border-left: 1pt solid windowtext; border-image: initial; white-space: normal; margin: 0px; text-indent: 0px; text-align: justify;">d.<font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp; </font>Date of the declaration of payment of
  dividends and interest on equity taken into account to identify shareholders
  entitled to receive it</td>
<td style="padding-top: 1px; padding-right: 0px; padding-left: 0px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; text-align: left; vertical-align: top; border: none; white-space: nowrap; height: 10px; margin: 0px; text-indent: 0px;"></td>
<td style="padding-top: 1px; padding-right: 0px; padding-left: 0px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; text-align: right; vertical-align: bottom; border-top: none; border-right: 1pt solid windowtext; border-bottom: 1pt solid windowtext; border-left: 1pt solid windowtext; border-image: initial; white-space: normal; height: 10px; margin: 0px; text-indent: 0px;">-</td>








 </tr>
<tr style="height: 10px;">
<td height="18" style="height: 10px; padding-top: 1px; padding-right: 0px; padding-left: 0px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; text-align: left; vertical-align: top; border: none; white-space: nowrap; margin: 0px; text-indent: 0px;"></td>
<td style="padding-top: 1px; padding-right: 0px; padding-left: 0px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; text-align: left; vertical-align: top; border: none; white-space: nowrap; height: 10px; margin: 0px; text-indent: 0px;"></td>
<td style="padding-top: 1px; padding-right: 0px; padding-left: 0px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; text-align: left; vertical-align: top; border: none; white-space: nowrap; height: 10px; margin: 0px; text-indent: 0px;"></td>








 </tr>
<tr style="height: 26px;">
<td height="35" style="height: 26px;padding-top: 1px;padding-right: 0px;padding-left: 0px;color: windowtext;font-size: 10pt;text-decoration: none;font-family: 'Century Gothic', sans-serif;vertical-align: top;border-top: 1pt solid windowtext;border-right: 1pt solid windowtext;border-bottom: none;border-left: 1pt solid windowtext;border-image: initial;white-space: normal;margin: 0px;text-indent: 0px;text-align: justify;"><font style="font-weight: bold;">6.<font style="mso-spacerun: yes;">&nbsp;&nbsp; </font>In the event of dividends or interest on
  equity declared based on net income with respect to semiannual balance sheets
  or shorter periods</font></td>
<td style="padding-top: 1px; padding-right: 0px; padding-left: 0px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; text-align: left; vertical-align: top; border: none; white-space: normal; height: 26px; margin: 0px; text-indent: 0px;"></td>
<td style="padding-top: 1px; padding-right: 0px; padding-left: 0px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; text-align: right; vertical-align: bottom; border-top: 1pt solid windowtext; border-right: 1pt solid windowtext; border-bottom: none; border-left: 1pt solid windowtext; border-image: initial; white-space: normal; height: 26px; margin: 0px; text-indent: 0px;">&nbsp;</td>








 </tr>
<tr style="height: 13px;">
<td height="18" style="height: 13px; padding-top: 1px; padding-right: 0px; padding-left: 0px; color: windowtext; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: Tahoma, sans-serif; text-align: left; vertical-align: top; border-top: none; border-right: 1pt solid windowtext; border-bottom: none; border-left: 1pt solid windowtext; border-image: initial; white-space: normal; margin: 0px; text-indent: 0px;">&nbsp;</td>
<td style="padding-top: 1px; padding-right: 0px; padding-left: 0px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; text-align: left; vertical-align: top; border: none; white-space: normal; height: 13px; margin: 0px; text-indent: 0px;"></td>
<td style="padding-top: 1px; padding-right: 0px; padding-left: 0px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; text-align: right; vertical-align: bottom; border-top: none; border-right: 1pt solid windowtext; border-bottom: none; border-left: 1pt solid windowtext; border-image: initial; white-space: normal; height: 13px; margin: 0px; text-indent: 0px;">&nbsp;</td>








 </tr>
<tr style="height: 13px;">
<td height="18" style="height: 13px; padding-top: 1px; padding-right: 0px; padding-left: 0px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; text-align: left; vertical-align: top; border-top: none; border-right: 1pt solid windowtext; border-bottom: none; border-left: 1pt solid windowtext; border-image: initial; white-space: normal; margin: 0px; text-indent: 0px;">a.<font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp; </font>Inform the total amount of dividends or
  interest on equity already declared</td>
<td style="padding-top: 1px; padding-right: 0px; padding-left: 0px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; text-align: left; vertical-align: top; border: none; white-space: nowrap; height: 13px; margin: 0px; text-indent: 0px;"></td>
<td style="padding-top: 1px; padding-right: 0px; padding-left: 0px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; text-align: right; vertical-align: bottom; border-top: none; border-right: 1pt solid windowtext; border-bottom: none; border-left: 1pt solid windowtext; border-image: initial; white-space: normal; height: 13px; margin: 0px; text-indent: 0px;">273,798</td>








 </tr>
<tr style="height: 13px;">
<td height="18" style="height: 13px; padding-top: 1px; padding-right: 0px; padding-left: 0px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; text-align: left; vertical-align: top; border-top: none; border-right: 1pt solid windowtext; border-bottom: none; border-left: 1pt solid windowtext; border-image: initial; white-space: normal; margin: 0px; text-indent: 0px;">&nbsp;</td>
<td style="padding-top: 1px; padding-right: 0px; padding-left: 0px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; text-align: left; vertical-align: top; border: none; white-space: nowrap; height: 13px; margin: 0px; text-indent: 0px;"></td>
<td style="padding-top: 1px; padding-right: 0px; padding-left: 0px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; text-align: right; vertical-align: bottom; border-top: none; border-right: 1pt solid windowtext; border-bottom: none; border-left: 1pt solid windowtext; border-image: initial; white-space: normal; height: 13px; margin: 0px; text-indent: 0px;">&nbsp;</td>








 </tr>
<tr style="height: 13px;">
<td height="18" style="height: 13px; padding-top: 1px; padding-right: 0px; padding-left: 0px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; text-align: left; vertical-align: top; border-top: none; border-right: 1pt solid windowtext; border-bottom: 1pt solid windowtext; border-left: 1pt solid windowtext; border-image: initial; white-space: nowrap; margin: 0px; text-indent: 0px;">b.<font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp; </font>Inform the date of the respective
  payments</td>
<td style="padding-top: 1px; padding-right: 0px; padding-left: 0px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; text-align: left; vertical-align: top; border: none; white-space: nowrap; height: 13px; margin: 0px; text-indent: 0px;"></td>
<td style="padding-top: 1px; padding-right: 0px; padding-left: 0px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; text-align: right; vertical-align: bottom; border-top: none; border-right: 1pt solid windowtext; border-bottom: 1pt solid windowtext; border-left: 1pt solid windowtext; border-image: initial; white-space: normal; height: 13px; margin: 0px; text-indent: 0px;"><font style="mso-spacerun: yes;">&nbsp;0</font>8/25/2023</td>








 </tr>
<tr style="height: 10px;">
<td height="18" style="height: 10px; padding-top: 1px; padding-right: 0px; padding-left: 0px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; text-align: left; vertical-align: top; border: none; white-space: nowrap; margin: 0px; text-indent: 0px;"></td>
<td style="padding-top: 1px; padding-right: 0px; padding-left: 0px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; text-align: left; vertical-align: top; border: none; white-space: nowrap; height: 10px; margin: 0px; text-indent: 0px;"></td>
<td style="padding-top: 1px; padding-right: 0px; padding-left: 0px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; text-align: left; vertical-align: top; border: none; white-space: nowrap; height: 10px; margin: 0px; text-indent: 0px;"></td>








 </tr>
<tr style="height: 13px;">
<td height="18" style="height: 13px; padding-top: 1px; padding-right: 0px; padding-left: 0px; color: windowtext; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: top; border-top: 1pt solid windowtext; border-right: 1pt solid windowtext; border-bottom: none; border-left: 1pt solid windowtext; border-image: initial; white-space: normal; margin: 0px; text-indent: 0px; text-align: justify;">7.<font style="mso-spacerun: yes;">&nbsp;&nbsp; </font>Provide a comparative table indicating the
  following values per share of each type and class</td>
<td style="padding-top: 1px; padding-right: 0px; padding-left: 0px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; text-align: left; vertical-align: top; border: none; white-space: normal; height: 13px; margin: 0px; text-indent: 0px;"></td>
<td style="padding-top: 1px; padding-right: 0px; padding-left: 0px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; text-align: left; vertical-align: top; border-top: 1pt solid windowtext; border-right: 1pt solid windowtext; border-bottom: none; border-left: 1pt solid windowtext; border-image: initial; white-space: normal; height: 13px; margin: 0px; text-indent: 0px;">&nbsp;</td>








 </tr>
<tr style="height: 13px;">
<td height="18" style="height: 13px; padding-top: 1px; padding-right: 0px; padding-left: 0px; color: windowtext; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; text-align: left; vertical-align: top; border-top: none; border-right: 1pt solid windowtext; border-bottom: none; border-left: 1pt solid windowtext; border-image: initial; white-space: normal; margin: 0px; text-indent: 0px;">&nbsp;</td>
<td style="padding-top: 1px; padding-right: 0px; padding-left: 0px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; text-align: left; vertical-align: top; border: none; white-space: normal; height: 13px; margin: 0px; text-indent: 0px;"></td>
<td style="padding-top: 1px; padding-right: 0px; padding-left: 0px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; text-align: left; vertical-align: top; border-top: none; border-right: 1pt solid windowtext; border-bottom: none; border-left: 1pt solid windowtext; border-image: initial; white-space: normal; height: 13px; margin: 0px; text-indent: 0px;">&nbsp;</td>








 </tr>
<tr style="height: 13px;">
<td height="18" style="height: 13px; padding-top: 1px; padding-right: 0px; padding-left: 0px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; text-align: left; vertical-align: top; border-top: none; border-right: 1pt solid windowtext; border-bottom: none; border-left: 1pt solid windowtext; border-image: initial; white-space: normal; margin: 0px; text-indent: 0px;">a.<font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp; </font>Net income for the fiscal year and for
  the three previous years&#178;</td>
<td style="padding-top: 1px; padding-right: 0px; padding-left: 0px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; text-align: left; vertical-align: top; border: none; white-space: normal; height: 13px; margin: 0px; text-indent: 0px;"></td>
<td style="padding-top: 1px; padding-right: 0px; padding-left: 0px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; text-align: left; vertical-align: top; border-top: none; border-right: 1pt solid windowtext; border-bottom: none; border-left: 1pt solid windowtext; border-image: initial; white-space: normal; height: 13px; margin: 0px; text-indent: 0px;">&nbsp;</td>








 </tr>
<tr style="height: 13px;">
<td height="18" style="height: 13px; padding-top: 1px; padding-right: 0px; padding-left: 0px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; text-align: right; vertical-align: bottom; border-top: none; border-right: 1pt solid windowtext; border-bottom: none; border-left: 1pt solid windowtext; border-image: initial; white-space: normal; margin: 0px; text-indent: 0px;">Amount
  per common shares (R$) - 12.31.2023</td>
<td style="padding-top: 1px; padding-right: 0px; padding-left: 0px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: Verdana, sans-serif; text-align: left; vertical-align: top; border: none; white-space: normal; height: 13px; margin: 0px; text-indent: 0px;"></td>
<td align="right" style="padding-top: 1px; padding-right: 0px; padding-left: 0px; color: #000000; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: top; border-top: none; border-right: 1pt solid windowtext; border-bottom: none; border-left: 1pt solid windowtext; border-image: initial; white-space: nowrap; height: 13px; margin: 0px; text-indent: 0px;">2.23</td>








 </tr>
<tr style="height: 13px;">
<td height="18" style="height: 13px; padding-top: 1px; padding-right: 0px; padding-left: 0px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; text-align: right; vertical-align: bottom; border-top: none; border-right: 1pt solid windowtext; border-bottom: none; border-left: 1pt solid windowtext; border-image: initial; white-space: normal; margin: 0px; text-indent: 0px;">Amount
  per common shares (R$) - 12.31.2022</td>
<td style="padding-top: 1px; padding-right: 0px; padding-left: 0px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: Verdana, sans-serif; text-align: left; vertical-align: top; border: none; white-space: normal; height: 13px; margin: 0px; text-indent: 0px;"></td>
<td align="right" style="padding-top: 1px; padding-right: 0px; padding-left: 0px; color: #000000; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: top; border-top: none; border-right: 1pt solid windowtext; border-bottom: none; border-left: 1pt solid windowtext; border-image: initial; white-space: nowrap; height: 13px; margin: 0px; text-indent: 0px;">1.65</td>








 </tr>
<tr style="height: 13px;">
<td height="18" style="height: 13px; padding-top: 1px; padding-right: 0px; padding-left: 0px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; text-align: right; vertical-align: bottom; border-top: none; border-right: 1pt solid windowtext; border-bottom: none; border-left: 1pt solid windowtext; border-image: initial; white-space: normal; margin: 0px; text-indent: 0px;">Amount
  per common shares (R$) - 12.31.2021</td>
<td style="padding-top: 1px; padding-right: 0px; padding-left: 0px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: Verdana, sans-serif; text-align: left; vertical-align: top; border: none; white-space: normal; height: 13px; margin: 0px; text-indent: 0px;"></td>
<td align="right" style="padding-top: 1px; padding-right: 0px; padding-left: 0px; color: #000000; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: top; border-top: none; border-right: 1pt solid windowtext; border-bottom: none; border-left: 1pt solid windowtext; border-image: initial; white-space: nowrap; height: 13px; margin: 0px; text-indent: 0px;">0.78</td>








 </tr>
<tr style="height: 13px;">
<td height="18" style="height: 13px; padding-top: 1px; padding-right: 0px; padding-left: 0px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; text-align: right; vertical-align: bottom; border-top: none; border-right: 1pt solid windowtext; border-bottom: none; border-left: 1pt solid windowtext; border-image: initial; white-space: normal; margin: 0px; text-indent: 0px;">Amount
  per common shares (R$) - 12.31.2020</td>
<td style="padding-top: 1px; padding-right: 0px; padding-left: 0px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; text-align: left; vertical-align: top; border: none; white-space: normal; height: 13px; margin: 0px; text-indent: 0px;"></td>
<td align="right" style="padding-top: 1px; padding-right: 0px; padding-left: 0px; color: #000000; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: top; border-top: none; border-right: 1pt solid windowtext; border-bottom: none; border-left: 1pt solid windowtext; border-image: initial; white-space: nowrap; height: 13px; margin: 0px; text-indent: 0px;">0.82</td>








 </tr>
<tr style="height: 13px;">
<td height="18" style="height: 13px; padding-top: 1px; padding-right: 0px; padding-left: 0px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; text-align: right; vertical-align: bottom; border-top: none; border-right: 1pt solid windowtext; border-bottom: none; border-left: 1pt solid windowtext; border-image: initial; white-space: normal; margin: 0px; text-indent: 0px;">&nbsp;</td>
<td style="padding-top: 1px; padding-right: 0px; padding-left: 0px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; text-align: left; vertical-align: top; border: none; white-space: normal; height: 13px; margin: 0px; text-indent: 0px;"></td>
<td style="padding-top: 1px; padding-right: 0px; padding-left: 0px; color: #000000; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: top; border-top: none; border-right: 1pt solid windowtext; border-bottom: none; border-left: 1pt solid windowtext; border-image: initial; white-space: nowrap; height: 13px; margin: 0px; text-indent: 0px;">&nbsp;</td>








 </tr>
<tr style="height: 13px;">
<td height="18" style="height: 13px; padding-top: 1px; padding-right: 0px; padding-left: 0px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; text-align: left; vertical-align: top; border-top: none; border-right: 1pt solid windowtext; border-bottom: none; border-left: 1pt solid windowtext; border-image: initial; white-space: nowrap; margin: 0px; text-indent: 0px;">b.<font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp; </font>Dividends and interest on equity
  distributed in the three previous years</td>
<td style="padding-top: 1px; padding-right: 0px; padding-left: 0px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; text-align: left; vertical-align: top; border: none; white-space: nowrap; height: 13px; margin: 0px; text-indent: 0px;"></td>
<td style="padding-top: 1px; padding-right: 0px; padding-left: 0px; color: #000000; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: top; border-top: none; border-right: 1pt solid windowtext; border-bottom: none; border-left: 1pt solid windowtext; border-image: initial; white-space: nowrap; height: 13px; margin: 0px; text-indent: 0px;">&nbsp;</td>








 </tr>
<tr style="height: 13px;">
<td height="18" style="height: 13px; padding-top: 1px; padding-right: 0px; padding-left: 0px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; text-align: right; vertical-align: bottom; border-top: none; border-right: 1pt solid windowtext; border-bottom: none; border-left: 1pt solid windowtext; border-image: initial; white-space: nowrap; margin: 0px; text-indent: 0px;">12.31.2022</td>
<td style="padding-top: 1px; padding-right: 0px; padding-left: 0px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; text-align: left; vertical-align: top; border: none; white-space: nowrap; height: 13px; margin: 0px; text-indent: 0px;"></td>
<td align="right" style="padding-top: 1px; padding-right: 0px; padding-left: 0px; color: #000000; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: top; border-top: none; border-right: 1pt solid windowtext; border-bottom: none; border-left: 1pt solid windowtext; border-image: initial; white-space: nowrap; height: 13px; margin: 0px; text-indent: 0px;">559,519</td>








 </tr>
<tr style="height: 13px;">
<td height="18" style="height: 13px; padding-top: 1px; padding-right: 0px; padding-left: 0px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; text-align: right; vertical-align: bottom; border-top: none; border-right: 1pt solid windowtext; border-bottom: none; border-left: 1pt solid windowtext; border-image: initial; white-space: nowrap; margin: 0px; text-indent: 0px;">Amount per common share (R$)
  - Interim dividends&#179;<font style="mso-spacerun: yes;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 0px; padding-left: 0px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; text-align: left; vertical-align: top; border: none; white-space: nowrap; height: 13px; margin: 0px; text-indent: 0px;"></td>
<td align="right" style="padding-top: 1px; padding-right: 0px; padding-left: 0px; color: #000000; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: top; border-top: none; border-right: 1pt solid windowtext; border-bottom: none; border-left: 1pt solid windowtext; border-image: initial; white-space: nowrap; height: 13px; margin: 0px; text-indent: 0px;">0.41</td>








 </tr>
<tr style="height: 13px;">
<td height="18" style="height: 13px; padding-top: 1px; padding-right: 0px; padding-left: 0px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; text-align: right; vertical-align: bottom; border-top: none; border-right: 1pt solid windowtext; border-bottom: none; border-left: 1pt solid windowtext; border-image: initial; white-space: nowrap; margin: 0px; text-indent: 0px;">Amount per common share (R$)
  - Complementary dividends</td>
<td style="padding-top: 1px; padding-right: 0px; padding-left: 0px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; text-align: left; vertical-align: top; border: none; white-space: nowrap; height: 13px; margin: 0px; text-indent: 0px;"></td>
<td align="right" style="padding-top: 1px; padding-right: 0px; padding-left: 0px; color: #000000; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: top; border-top: none; border-right: 1pt solid windowtext; border-bottom: none; border-left: 1pt solid windowtext; border-image: initial; white-space: nowrap; height: 13px; margin: 0px; text-indent: 0px;">0.10</td>








 </tr>
<tr style="height: 13px;">
<td height="18" style="height: 13px; padding-top: 1px; padding-right: 0px; padding-left: 0px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; text-align: right; vertical-align: bottom; border-top: none; border-right: 1pt solid windowtext; border-bottom: none; border-left: 1pt solid windowtext; border-image: initial; white-space: nowrap; margin: 0px; text-indent: 0px;">&nbsp;</td>
<td style="padding-top: 1px; padding-right: 0px; padding-left: 0px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; text-align: left; vertical-align: top; border: none; white-space: nowrap; height: 13px; margin: 0px; text-indent: 0px;"></td>
<td style="padding-top: 1px; padding-right: 0px; padding-left: 0px; color: #000000; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: top; border-top: none; border-right: 1pt solid windowtext; border-bottom: none; border-left: 1pt solid windowtext; border-image: initial; white-space: nowrap; height: 13px; margin: 0px; text-indent: 0px;">&nbsp;</td>








 </tr>
<tr style="height: 13px;">
<td height="18" style="height: 13px; padding-top: 1px; padding-right: 0px; padding-left: 0px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; text-align: right; vertical-align: bottom; border-top: none; border-right: 1pt solid windowtext; border-bottom: none; border-left: 1pt solid windowtext; border-image: initial; white-space: nowrap; margin: 0px; text-indent: 0px;">12.31.2021</td>
<td style="padding-top: 1px; padding-right: 0px; padding-left: 0px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; text-align: left; vertical-align: top; border: none; white-space: nowrap; height: 13px; margin: 0px; text-indent: 0px;"></td>
<td align="right" style="padding-top: 1px; padding-right: 0px; padding-left: 0px; color: #000000; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: top; border-top: none; border-right: 1pt solid windowtext; border-bottom: none; border-left: 1pt solid windowtext; border-image: initial; white-space: nowrap; height: 13px; margin: 0px; text-indent: 0px;">403,970</td>








 </tr>
<tr style="height: 13px;">
<td height="18" style="height: 13px; padding-top: 1px; padding-right: 0px; padding-left: 0px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; text-align: right; vertical-align: bottom; border-top: none; border-right: 1pt solid windowtext; border-bottom: none; border-left: 1pt solid windowtext; border-image: initial; white-space: nowrap; margin: 0px; text-indent: 0px;">Amount per common share (R$)
  - Interim dividends<font style="mso-spacerun: yes;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 0px; padding-left: 0px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; text-align: left; vertical-align: top; border: none; white-space: nowrap; height: 13px; margin: 0px; text-indent: 0px;"></td>
<td align="right" style="padding-top: 1px; padding-right: 0px; padding-left: 0px; color: #000000; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: top; border-top: none; border-right: 1pt solid windowtext; border-bottom: none; border-left: 1pt solid windowtext; border-image: initial; white-space: nowrap; height: 13px; margin: 0px; text-indent: 0px;">0.20</td>








 </tr>
<tr style="height: 13px;">
<td height="18" style="height: 13px; padding-top: 1px; padding-right: 0px; padding-left: 0px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; text-align: right; vertical-align: bottom; border-top: none; border-right: 1pt solid windowtext; border-bottom: none; border-left: 1pt solid windowtext; border-image: initial; white-space: nowrap; margin: 0px; text-indent: 0px;">Amount per common share (R$)
  - Complementary dividends</td>
<td style="padding-top: 1px; padding-right: 0px; padding-left: 0px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; text-align: left; vertical-align: top; border: none; white-space: nowrap; height: 13px; margin: 0px; text-indent: 0px;"></td>
<td align="right" style="padding-top: 1px; padding-right: 0px; padding-left: 0px; color: #000000; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: top; border-top: none; border-right: 1pt solid windowtext; border-bottom: none; border-left: 1pt solid windowtext; border-image: initial; white-space: nowrap; height: 13px; margin: 0px; text-indent: 0px;">0.17</td>








 </tr>
<tr style="height: 13px;">
<td height="18" style="height: 13px; padding-top: 1px; padding-right: 0px; padding-left: 0px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; text-align: right; vertical-align: bottom; border-top: none; border-right: 1pt solid windowtext; border-bottom: none; border-left: 1pt solid windowtext; border-image: initial; white-space: nowrap; margin: 0px; text-indent: 0px;">&nbsp;</td>
<td style="padding-top: 1px; padding-right: 0px; padding-left: 0px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; text-align: left; vertical-align: top; border: none; white-space: nowrap; height: 13px; margin: 0px; text-indent: 0px;"></td>
<td style="padding-top: 1px; padding-right: 0px; padding-left: 0px; color: #000000; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: top; border-top: none; border-right: 1pt solid windowtext; border-bottom: none; border-left: 1pt solid windowtext; border-image: initial; white-space: nowrap; height: 13px; margin: 0px; text-indent: 0px;">&nbsp;</td>








 </tr>
<tr style="height: 13px;">
<td height="18" style="height: 13px; padding-top: 1px; padding-right: 0px; padding-left: 0px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; text-align: right; vertical-align: bottom; border-top: none; border-right: 1pt solid windowtext; border-bottom: none; border-left: 1pt solid windowtext; border-image: initial; white-space: nowrap; margin: 0px; text-indent: 0px;">12.31.2020</td>
<td style="padding-top: 1px; padding-right: 0px; padding-left: 0px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; text-align: left; vertical-align: top; border: none; white-space: nowrap; height: 13px; margin: 0px; text-indent: 0px;"></td>
<td align="right" style="padding-top: 1px; padding-right: 0px; padding-left: 0px; color: #000000; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: top; border-top: none; border-right: 1pt solid windowtext; border-bottom: none; border-left: 1pt solid windowtext; border-image: initial; white-space: nowrap; height: 13px; margin: 0px; text-indent: 0px;">479,748</td>








 </tr>
<tr style="height: 13px;">
<td height="18" style="height: 13px; padding-top: 1px; padding-right: 0px; padding-left: 0px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; text-align: right; vertical-align: bottom; border-top: none; border-right: 1pt solid windowtext; border-bottom: none; border-left: 1pt solid windowtext; border-image: initial; white-space: nowrap; margin: 0px; text-indent: 0px;">Amount per common share (R$)
  - Interim dividends<font style="mso-spacerun: yes;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 0px; padding-left: 0px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; text-align: left; vertical-align: top; border: none; white-space: nowrap; height: 13px; margin: 0px; text-indent: 0px;"></td>
<td style="padding-top: 1px; padding-right: 0px; padding-left: 0px; color: windowtext; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border-top: none; border-right: 1pt solid windowtext; border-bottom: none; border-left: 1pt solid windowtext; border-image: initial; white-space: normal; height: 13px; margin: 0px; text-indent: 0px;">-</td>








 </tr>
<tr style="height: 10px;">
<td height="18" style="height: 10px; padding-top: 1px; padding-right: 0px; padding-left: 0px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; text-align: right; vertical-align: bottom; border-top: none; border-right: 1pt solid windowtext; border-bottom: 1pt solid windowtext; border-left: 1pt solid windowtext; border-image: initial; white-space: nowrap; margin: 0px; text-indent: 0px;">Amount per common share (R$)
  - Complementary dividends</td>
<td style="padding-top: 1px; padding-right: 0px; padding-left: 0px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Times New Roman', serif; text-align: left; vertical-align: top; border: none; white-space: nowrap; height: 10px; margin: 0px; text-indent: 0px;"></td>
<td align="right" style="padding-top: 1px; padding-right: 0px; padding-left: 0px; color: #000000; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: top; border-top: none; border-right: 1pt solid windowtext; border-bottom: 1pt solid windowtext; border-left: 1pt solid windowtext; border-image: initial; white-space: nowrap; height: 10px; margin: 0px; text-indent: 0px;">0.44</td>








 </tr>

















</table>











</div>
<div style="font-family: 'times new roman', times; font-size: 10pt;"><br></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'>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;"><a href="#TOC"></a><br></div>



</div>
<div style="width: 8.5in; margin: 0 auto;">
<div style="font-family: 'times new roman', times; font-size: 10pt;">
<div style="color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'times new roman', times; font-size: 10pt; margin: 0px;"><img src="img9f7973a527a746b995f9.jpg" style="display: block; margin-left: auto; margin-right: auto;" alt="Graphics"></div>
<div 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; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Century Gothic'; font-size: 10pt; text-align: center;"><font style="font-weight: bold; font-family: 'Century Gothic';">Exhibit IV - Allocation of net income proposal for the fiscal year, pursuant to Annex A of CVM Resolution 81/22</font></div>
<div 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; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Century Gothic'; font-size: 10pt; text-align: center;"><font style="font-weight: bold; font-family: 'Century Gothic';">&nbsp;</font></div>
<div 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; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Century Gothic'; font-size: 10pt; text-align: center;">
<table border="0" cellpadding="0" cellspacing="0" width="100%" style="border-collapse: collapse; width: 100%; margin: 0px; height: 878px; text-indent: 0px; font-family: 'times new roman'; font-size: 10pt;">






<tr style="height: 25px;">
<td height="34" style="height: 25px; padding-top: 1px; padding-right: 0px; padding-left: 0px; color: windowtext; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; text-align: left; vertical-align: bottom; border: none; white-space: nowrap; width: 64%; margin: 0px; text-indent: 0px;">(in
  thousands of Reais, except when otherwise mentioned)</td>
<td style="padding-top: 1px; padding-right: 0px; padding-left: 0px; color: windowtext; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; text-align: left; vertical-align: top; border: none; white-space: nowrap; width: 1%; height: 25px; margin: 0px; text-indent: 0px;"></td>
<td style="padding-top: 1px; padding-right: 0px; padding-left: 0px; color: #ffffff; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; text-align: center; vertical-align: top; border: 1pt solid windowtext; white-space: normal; background: #333399; width: 35%; height: 25px; margin: 0px; text-indent: 0px;">Year ended<br>
    12/31/2023</td>








 </tr>
<tr style="height: 10px;">
<td height="14" style="height: 10px; padding-top: 1px; padding-right: 0px; padding-left: 0px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; text-align: left; vertical-align: top; border: none; white-space: nowrap; margin: 0px; text-indent: 0px;"></td>
<td style="padding-top: 1px; padding-right: 0px; padding-left: 0px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; text-align: left; vertical-align: top; border: none; white-space: nowrap; height: 10px; margin: 0px; text-indent: 0px;"></td>
<td style="padding-top: 1px; padding-right: 0px; padding-left: 0px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; text-align: left; vertical-align: top; border: none; white-space: nowrap; height: 10px; margin: 0px; text-indent: 0px;"></td>








 </tr>
<tr style="height: 13px;">
<td height="18" style="height: 13px; padding-top: 1px; padding-right: 0px; padding-left: 0px; color: #000000; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; text-align: left; vertical-align: top; border-top: 1pt solid windowtext; border-right: 1pt solid windowtext; border-bottom: none; border-left: 1pt solid windowtext; border-image: initial; white-space: nowrap; margin: 0px; text-indent: 0px;">8.<font style="mso-spacerun: yes;">&nbsp;&nbsp; </font>If there is destination of income to the
  legal reserve</td>
<td style="padding-top: 1px; padding-right: 0px; padding-left: 0px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; text-align: left; vertical-align: top; border: none; white-space: nowrap; height: 13px; margin: 0px; text-indent: 0px;"></td>
<td style="padding-top: 1px; padding-right: 0px; padding-left: 0px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; text-align: left; vertical-align: top; border-top: 1pt solid windowtext; border-right: 1pt solid windowtext; border-bottom: none; border-left: 1pt solid windowtext; border-image: initial; white-space: nowrap; height: 13px; margin: 0px; text-indent: 0px;">&nbsp;</td>








 </tr>
<tr style="height: 9px;">
<td height="13" style="height: 9px; padding-top: 1px; padding-right: 0px; padding-left: 0px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; text-align: left; vertical-align: top; border-top: none; border-right: 1pt solid windowtext; border-bottom: none; border-left: 1pt solid windowtext; border-image: initial; white-space: nowrap; margin: 0px; text-indent: 0px;">&nbsp;</td>
<td style="padding-top: 1px; padding-right: 0px; padding-left: 0px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; text-align: left; vertical-align: top; border: none; white-space: nowrap; height: 9px; margin: 0px; text-indent: 0px;"></td>
<td style="padding-top: 1px; padding-right: 0px; padding-left: 0px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; text-align: left; vertical-align: top; border-top: none; border-right: 1pt solid windowtext; border-bottom: none; border-left: 1pt solid windowtext; border-image: initial; white-space: nowrap; height: 9px; margin: 0px; text-indent: 0px;">&nbsp;</td>








 </tr>
<tr style="height: 13px;">
<td height="18" style="height: 13px; padding-top: 1px; padding-right: 0px; padding-left: 0px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; text-align: left; vertical-align: top; border-top: none; border-right: 1pt solid windowtext; border-bottom: none; border-left: 1pt solid windowtext; border-image: initial; white-space: nowrap; margin: 0px; text-indent: 0px;">a.<font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>Identify the amount allocated to legal
  reserve</td>
<td style="padding-top: 1px; padding-right: 0px; padding-left: 0px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; text-align: left; vertical-align: top; border: none; white-space: nowrap; height: 13px; margin: 0px; text-indent: 0px;"></td>
<td style="padding-top: 1px; padding-right: 0px; padding-left: 0px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; text-align: right; vertical-align: top; border-top: none; border-right: 1pt solid windowtext; border-bottom: none; border-left: 1pt solid windowtext; border-image: initial; white-space: nowrap; height: 13px; margin: 0px; text-indent: 0px;">121,990</td>








 </tr>
<tr style="height: 11px;">
<td height="15" style="height: 11px; padding-top: 1px; padding-right: 0px; padding-left: 0px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; text-align: left; vertical-align: top; border-top: none; border-right: 1pt solid windowtext; border-bottom: none; border-left: 1pt solid windowtext; border-image: initial; white-space: nowrap; margin: 0px; text-indent: 0px;">&nbsp;</td>
<td style="padding-top: 1px; padding-right: 0px; padding-left: 0px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; text-align: left; vertical-align: top; border: none; white-space: nowrap; height: 11px; margin: 0px; text-indent: 0px;"></td>
<td style="padding-top: 1px; padding-right: 0px; padding-left: 0px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; text-align: left; vertical-align: top; border-top: none; border-right: 1pt solid windowtext; border-bottom: none; border-left: 1pt solid windowtext; border-image: initial; white-space: nowrap; height: 11px; margin: 0px; text-indent: 0px;">&nbsp;</td>








 </tr>
<tr style="height: 139px;">
<td height="246" style="height: 139px; padding-top: 1px; padding-right: 0px; padding-left: 0px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; text-align: left; vertical-align: top; border-top: none; border-right: 1pt solid windowtext; border-bottom: 1pt solid windowtext; border-left: 1pt solid windowtext; border-image: initial; white-space: nowrap; margin: 0px; text-indent: 0px;">b.<font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>Detail the method for the calculation
  of the legal reserve</td>
<td style="padding-top: 1px; padding-right: 0px; padding-left: 0px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; text-align: left; vertical-align: top; border: none; white-space: nowrap; height: 139px; margin: 0px; text-indent: 0px;"></td>
<td style="padding-top: 1px; padding-right: 0px; padding-left: 0px; color: #000000; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: top; border-top: none; border-right: 1pt solid windowtext; border-bottom: 1pt solid windowtext; border-left: 1pt solid windowtext; border-image: initial; white-space: normal; height: 139px; margin: 0px; text-indent: 0px; text-align: justify;">Article 193 - Brazilian
  Corporate Law: Of the net income for the fiscal year, 5% will be allocated,
  prior to any other destination, to the legal reserve, which shall not exceed
  20% of the capital stock. Article 53 - Bylaws: After the balance sheet and the
  other financial statements are prepared, and after<font style="mso-spacerun: yes;">&nbsp;&nbsp; </font>the<font style="mso-spacerun: yes;">&nbsp;&nbsp;
  </font>deduction<font style="mso-spacerun: yes;">&nbsp;&nbsp; </font>of<font style="mso-spacerun: yes;">&nbsp;&nbsp; </font>accrued<font style="mso-spacerun: yes;">&nbsp;&nbsp;
  </font>losses,<font style="mso-spacerun: yes;">&nbsp;&nbsp; </font>the provision for
  income tax<font style="mso-spacerun: yes;">&nbsp; </font>and, if<font style="mso-spacerun: yes;">&nbsp; </font>applicable,<font style="mso-spacerun: yes;">&nbsp;
  </font>the provision<font style="mso-spacerun: yes;">&nbsp; </font>for<font style="mso-spacerun: yes;">&nbsp; </font>directors&#8217;<font style="mso-spacerun: yes;">&nbsp;
  </font>and<font style="mso-spacerun: yes;">&nbsp; </font>executive<font style="mso-spacerun: yes;">&nbsp; </font>officers&#8217; annual profit sharing, 5% of the
  net income will be allocated to the legal reserve, up to the limit of 20% of
  the capital stock.</td>








 </tr>
<tr style="height: 10px;">
<td height="18" style="height: 10px; padding-top: 1px; padding-right: 0px; padding-left: 0px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; text-align: left; vertical-align: top; border: none; white-space: nowrap; margin: 0px; text-indent: 0px;"></td>
<td style="padding-top: 1px; padding-right: 0px; padding-left: 0px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; text-align: left; vertical-align: top; border: none; white-space: nowrap; height: 10px; margin: 0px; text-indent: 0px;"></td>
<td style="padding-top: 1px; padding-right: 0px; padding-left: 0px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; text-align: left; vertical-align: top; border: none; white-space: nowrap; height: 10px; margin: 0px; text-indent: 0px;"></td>








 </tr>
<tr style="height: 25px;">
<td height="34" style="height: 25px; padding-top: 1px; padding-right: 0px; padding-left: 0px; color: #000000; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: top; border-top: 1pt solid windowtext; border-right: 1pt solid windowtext; border-bottom: none; border-left: 1pt solid windowtext; border-image: initial; white-space: normal; margin: 0px; text-indent: 0px; text-align: justify;">9.<font style="mso-spacerun: yes;">&nbsp;&nbsp; </font>If the company has preferred shares
  entitled to receive fixed or minimum dividends</td>
<td style="padding-top: 1px; padding-right: 0px; padding-left: 0px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; text-align: left; vertical-align: top; border: none; white-space: nowrap; height: 25px; margin: 0px; text-indent: 0px;"></td>
<td style="padding-top: 1px; padding-right: 0px; padding-left: 0px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; text-align: right; vertical-align: bottom; border-top: 1pt solid windowtext; border-right: 1pt solid windowtext; border-bottom: none; border-left: 1pt solid windowtext; border-image: initial; white-space: nowrap; height: 25px; margin: 0px; text-indent: 0px;">&nbsp;</td>








 </tr>
<tr style="height: 13px;">
<td height="18" style="height: 13px; padding-top: 1px; padding-right: 0px; padding-left: 0px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; text-align: left; vertical-align: top; border-top: none; border-right: 1pt solid windowtext; border-bottom: none; border-left: 1pt solid windowtext; border-image: initial; white-space: normal; margin: 0px; text-indent: 0px;">&nbsp;</td>
<td style="padding-top: 1px; padding-right: 0px; padding-left: 0px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; text-align: left; vertical-align: top; border: none; white-space: nowrap; height: 13px; margin: 0px; text-indent: 0px;"></td>
<td style="padding-top: 1px; padding-right: 0px; padding-left: 0px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; text-align: right; vertical-align: bottom; border-top: none; border-right: 1pt solid windowtext; border-bottom: none; border-left: 1pt solid windowtext; border-image: initial; white-space: nowrap; height: 13px; margin: 0px; text-indent: 0px;">&nbsp;</td>








 </tr>
<tr style="height: 13px;">
<td height="18" style="height: 13px; padding-top: 1px; padding-right: 0px; padding-left: 0px; color: #000000; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: top; border-top: none; border-right: 1pt solid windowtext; border-bottom: none; border-left: 1pt solid windowtext; border-image: initial; white-space: normal; margin: 0px; text-indent: 0px; text-align: justify;">a.<font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp; </font>Describe the method for calculation of
  fixed or minimum dividends</td>
<td style="padding-top: 1px; padding-right: 0px; padding-left: 0px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; text-align: left; vertical-align: top; border: none; white-space: nowrap; height: 13px; margin: 0px; text-indent: 0px;"></td>
<td style="padding-top: 1px; padding-right: 0px; padding-left: 0px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; text-align: right; vertical-align: bottom; border-top: none; border-right: 1pt solid windowtext; border-bottom: none; border-left: 1pt solid windowtext; border-image: initial; white-space: nowrap; height: 13px; margin: 0px; text-indent: 0px;">-</td>








 </tr>
<tr style="height: 13px;">
<td height="18" style="height: 13px; padding-top: 1px; padding-right: 0px; padding-left: 0px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; text-align: left; vertical-align: top; border-top: none; border-right: 1pt solid windowtext; border-bottom: none; border-left: 1pt solid windowtext; border-image: initial; white-space: normal; margin: 0px; text-indent: 0px;">&nbsp;</td>
<td style="padding-top: 1px; padding-right: 0px; padding-left: 0px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; text-align: left; vertical-align: top; border: none; white-space: nowrap; height: 13px; margin: 0px; text-indent: 0px;"></td>
<td style="padding-top: 1px; padding-right: 0px; padding-left: 0px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; text-align: right; vertical-align: bottom; border-top: none; border-right: 1pt solid windowtext; border-bottom: none; border-left: 1pt solid windowtext; border-image: initial; white-space: nowrap; height: 13px; margin: 0px; text-indent: 0px;">&nbsp;</td>








 </tr>
<tr style="height: 26px;">
<td height="35" style="height: 26px; padding-top: 1px; padding-right: 0px; padding-left: 0px; color: #000000; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: top; border-top: none; border-right: 1pt solid windowtext; border-bottom: none; border-left: 1pt solid windowtext; border-image: initial; white-space: normal; margin: 0px; text-indent: 0px; text-align: justify;">b.<font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp; </font>Inform whether the net income for the
  fiscal year is sufficient to fully pay fixed or minimum dividends</td>
<td style="padding-top: 1px; padding-right: 0px; padding-left: 0px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; text-align: left; vertical-align: top; border: none; white-space: nowrap; height: 26px; margin: 0px; text-indent: 0px;"></td>
<td style="padding-top: 1px; padding-right: 0px; padding-left: 0px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; text-align: right; vertical-align: bottom; border-top: none; border-right: 1pt solid windowtext; border-bottom: none; border-left: 1pt solid windowtext; border-image: initial; white-space: nowrap; height: 26px; margin: 0px; text-indent: 0px;">-</td>








 </tr>
<tr style="height: 13px;">
<td height="18" style="height: 13px; padding-top: 1px; padding-right: 0px; padding-left: 0px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; text-align: left; vertical-align: top; border-top: none; border-right: 1pt solid windowtext; border-bottom: none; border-left: 1pt solid windowtext; border-image: initial; white-space: normal; margin: 0px; text-indent: 0px;">&nbsp;</td>
<td style="padding-top: 1px; padding-right: 0px; padding-left: 0px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; text-align: left; vertical-align: top; border: none; white-space: nowrap; height: 13px; margin: 0px; text-indent: 0px;"></td>
<td style="padding-top: 1px; padding-right: 0px; padding-left: 0px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; text-align: right; vertical-align: bottom; border-top: none; border-right: 1pt solid windowtext; border-bottom: none; border-left: 1pt solid windowtext; border-image: initial; white-space: nowrap; height: 13px; margin: 0px; text-indent: 0px;">&nbsp;</td>








 </tr>
<tr style="height: 13px;">
<td height="18" style="height: 13px; padding-top: 1px; padding-right: 0px; padding-left: 0px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; text-align: left; vertical-align: top; border-top: none; border-right: 1pt solid windowtext; border-bottom: none; border-left: 1pt solid windowtext; border-image: initial; white-space: normal; margin: 0px; text-indent: 0px;">c.<font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>Identify if any unpaid portion is
  cumulative</td>
<td style="padding-top: 1px; padding-right: 0px; padding-left: 0px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; text-align: left; vertical-align: top; border: none; white-space: nowrap; height: 13px; margin: 0px; text-indent: 0px;"></td>
<td style="padding-top: 1px; padding-right: 0px; padding-left: 0px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; text-align: right; vertical-align: bottom; border-top: none; border-right: 1pt solid windowtext; border-bottom: none; border-left: 1pt solid windowtext; border-image: initial; white-space: nowrap; height: 13px; margin: 0px; text-indent: 0px;">-</td>








 </tr>
<tr style="height: 13px;">
<td height="18" style="height: 13px; padding-top: 1px; padding-right: 0px; padding-left: 0px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; text-align: left; vertical-align: top; border-top: none; border-right: 1pt solid windowtext; border-bottom: none; border-left: 1pt solid windowtext; border-image: initial; white-space: normal; margin: 0px; text-indent: 0px;">&nbsp;</td>
<td style="padding-top: 1px; padding-right: 0px; padding-left: 0px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; text-align: left; vertical-align: top; border: none; white-space: nowrap; height: 13px; margin: 0px; text-indent: 0px;"></td>
<td style="padding-top: 1px; padding-right: 0px; padding-left: 0px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; text-align: right; vertical-align: bottom; border-top: none; border-right: 1pt solid windowtext; border-bottom: none; border-left: 1pt solid windowtext; border-image: initial; white-space: nowrap; height: 13px; margin: 0px; text-indent: 0px;">&nbsp;</td>








 </tr>
<tr style="height: 26px;">
<td height="35" style="height: 26px; padding-top: 1px; padding-right: 0px; padding-left: 0px; color: #000000; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: top; border-top: none; border-right: 1pt solid windowtext; border-bottom: none; border-left: 1pt solid windowtext; border-image: initial; white-space: normal; margin: 0px; text-indent: 0px; text-align: justify;">d.<font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp; </font>Identify the total amount of fixed or
  minimum dividends to be paid with respect to each class of preferred shares</td>
<td style="padding-top: 1px; padding-right: 0px; padding-left: 0px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; text-align: left; vertical-align: top; border: none; white-space: nowrap; height: 26px; margin: 0px; text-indent: 0px;"></td>
<td style="padding-top: 1px; padding-right: 0px; padding-left: 0px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; text-align: right; vertical-align: bottom; border-top: none; border-right: 1pt solid windowtext; border-bottom: none; border-left: 1pt solid windowtext; border-image: initial; white-space: nowrap; height: 26px; margin: 0px; text-indent: 0px;">-</td>








 </tr>
<tr style="height: 13px;">
<td height="18" style="height: 13px; padding-top: 1px; padding-right: 0px; padding-left: 0px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; text-align: left; vertical-align: top; border-top: none; border-right: 1pt solid windowtext; border-bottom: none; border-left: 1pt solid windowtext; border-image: initial; white-space: normal; margin: 0px; text-indent: 0px;">&nbsp;</td>
<td style="padding-top: 1px; padding-right: 0px; padding-left: 0px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; text-align: left; vertical-align: top; border: none; white-space: nowrap; height: 13px; margin: 0px; text-indent: 0px;"></td>
<td style="padding-top: 1px; padding-right: 0px; padding-left: 0px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; text-align: right; vertical-align: bottom; border-top: none; border-right: 1pt solid windowtext; border-bottom: none; border-left: 1pt solid windowtext; border-image: initial; white-space: nowrap; height: 13px; margin: 0px; text-indent: 0px;">&nbsp;</td>








 </tr>
<tr style="height: 10px;">
<td height="35" style="height: 10px; padding-top: 1px; padding-right: 0px; padding-left: 0px; color: #000000; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: top; border-top: none; border-right: 1pt solid windowtext; border-bottom: 1pt solid windowtext; border-left: 1pt solid windowtext; border-image: initial; white-space: normal; margin: 0px; text-indent: 0px; text-align: justify;">e.<font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp; </font>Identify fixed or minimum dividends to
  be paid with respect to each class of preferred shares"</td>
<td style="padding-top: 1px; padding-right: 0px; padding-left: 0px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; text-align: left; vertical-align: top; border: none; white-space: nowrap; height: 10px; margin: 0px; text-indent: 0px;"></td>
<td style="padding-top: 1px; padding-right: 0px; padding-left: 0px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; text-align: right; vertical-align: bottom; border-top: none; border-right: 1pt solid windowtext; border-bottom: 1pt solid windowtext; border-left: 1pt solid windowtext; border-image: initial; white-space: nowrap; height: 10px; margin: 0px; text-indent: 0px;">-</td>








 </tr>
<tr style="height: 10px;">
<td height="18" style="height: 10px; padding-top: 1px; padding-right: 0px; padding-left: 0px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; text-align: left; vertical-align: top; border: none; white-space: nowrap; margin: 0px; text-indent: 0px;"></td>
<td style="padding-top: 1px; padding-right: 0px; padding-left: 0px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; text-align: left; vertical-align: top; border: none; white-space: nowrap; height: 10px; margin: 0px; text-indent: 0px;"></td>
<td style="padding-top: 1px; padding-right: 0px; padding-left: 0px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; text-align: left; vertical-align: top; border: none; white-space: nowrap; height: 10px; margin: 0px; text-indent: 0px;"></td>








 </tr>
<tr style="height: 10px;">
<td height="18" style="height: 10px; padding-top: 1px; padding-right: 0px; padding-left: 0px; color: #000000; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; text-align: left; vertical-align: top; border-top: 1pt solid windowtext; border-right: 1pt solid windowtext; border-bottom: none; border-left: 1pt solid windowtext; border-image: initial; white-space: nowrap; margin: 0px; text-indent: 0px;">10.<font style="mso-spacerun: yes;">&nbsp;&nbsp; </font>With respect to the mandatory dividend</td>
<td style="padding-top: 1px; padding-right: 0px; padding-left: 0px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; text-align: left; vertical-align: top; border: none; white-space: nowrap; height: 10px; margin: 0px; text-indent: 0px;"></td>
<td style="padding-top: 1px; padding-right: 0px; padding-left: 0px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; text-align: left; vertical-align: top; border-top: 1pt solid windowtext; border-right: 1pt solid windowtext; border-bottom: none; border-left: 1pt solid windowtext; border-image: initial; white-space: nowrap; height: 10px; margin: 0px; text-indent: 0px;">&nbsp;</td>








 </tr>
<tr style="height: 10px;">
<td height="18" style="height: 10px; padding-top: 1px; padding-right: 0px; padding-left: 0px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; text-align: left; vertical-align: top; border-top: none; border-right: 1pt solid windowtext; border-bottom: none; border-left: 1pt solid windowtext; border-image: initial; white-space: nowrap; margin: 0px; text-indent: 0px;">&nbsp;</td>
<td style="padding-top: 1px; padding-right: 0px; padding-left: 0px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; text-align: left; vertical-align: top; border: none; white-space: nowrap; height: 10px; margin: 0px; text-indent: 0px;"></td>
<td style="padding-top: 1px; padding-right: 0px; padding-left: 0px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; text-align: left; vertical-align: top; border-top: none; border-right: 1pt solid windowtext; border-bottom: none; border-left: 1pt solid windowtext; border-image: initial; white-space: nowrap; height: 10px; margin: 0px; text-indent: 0px;">&nbsp;</td>








 </tr>
<tr style="height: 180px;">
<td height="264" style="height: 180px; padding-top: 1px; padding-right: 0px; padding-left: 0px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; text-align: left; vertical-align: middle; border-top: none; border-right: 1pt solid windowtext; border-bottom: none; border-left: 1pt solid windowtext; border-image: initial; white-space: nowrap; margin: 0px; text-indent: 0px;">a.<font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>Describe the method for calculation set
  forth in the bylaws</td>
<td style="padding-top: 1px; padding-right: 0px; padding-left: 0px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; text-align: left; vertical-align: top; border: none; white-space: nowrap; height: 180px; margin: 0px; text-indent: 0px;"></td>
<td style="padding-top: 1px; padding-right: 0px; padding-left: 0px; color: #000000; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: top; border-top: none; border-right: 1pt solid windowtext; border-bottom: none; border-left: 1pt solid windowtext; border-image: initial; white-space: normal; height: 180px; margin: 0px; text-indent: 0px; text-align: justify;">Article 53 - Bylaws: After the
  balance sheet and the other financial statements are prepared, and after<font style="mso-spacerun: yes;">&nbsp;&nbsp; </font>the<font style="mso-spacerun: yes;">&nbsp;&nbsp;
  </font>deduction<font style="mso-spacerun: yes;">&nbsp;&nbsp; </font>of<font style="mso-spacerun: yes;">&nbsp;&nbsp; </font>accrued<font style="mso-spacerun: yes;">&nbsp;&nbsp;
  </font>losses,<font style="mso-spacerun: yes;">&nbsp;&nbsp; </font>the provision for
  income tax<font style="mso-spacerun: yes;">&nbsp; </font>and, if<font style="mso-spacerun: yes;">&nbsp; </font>applicable,<font style="mso-spacerun: yes;">&nbsp;
  </font>the provision<font style="mso-spacerun: yes;">&nbsp; </font>for<font style="mso-spacerun: yes;">&nbsp; </font>directors&#8217;<font style="mso-spacerun: yes;">&nbsp;
  </font>and<font style="mso-spacerun: yes;">&nbsp; </font>executive<font style="mso-spacerun: yes;">&nbsp; </font>officers&#8217; annual profit sharing, 5% of the
  net income will be allocated to the legal reserve, up to the limit of 20% of
  the capital stock. &#167;1 The remaining profit will<font style="mso-spacerun: yes;">&nbsp; </font>have<font style="mso-spacerun: yes;">&nbsp;
  </font>the<font style="mso-spacerun: yes;">&nbsp; </font>following<font style="mso-spacerun: yes;">&nbsp; </font>destination:<font style="mso-spacerun: yes;">&nbsp; </font>a)<font style="mso-spacerun: yes;">&nbsp;
  </font>25%<font style="mso-spacerun: yes;">&nbsp; </font>for payment<font style="mso-spacerun: yes;">&nbsp; </font>of<font style="mso-spacerun: yes;">&nbsp;
  </font>the<font style="mso-spacerun: yes;">&nbsp;&nbsp; </font>mandatory<font style="mso-spacerun: yes;">&nbsp; </font>dividend<font style="mso-spacerun: yes;">&nbsp;&nbsp;
  </font>to<font style="mso-spacerun: yes;">&nbsp; </font>the shareholders, deducted
  by semiannual or interim dividends<font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;
  </font>that<font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp; </font>may<font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp; </font>have<font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;
  </font>already<font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp; </font>been distributed.</td>








 </tr>
<tr style="height: 13px;">
<td height="18" style="height: 13px; padding-top: 1px; padding-right: 0px; padding-left: 0px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; text-align: left; vertical-align: top; border-top: none; border-right: 1pt solid windowtext; border-bottom: none; border-left: 1pt solid windowtext; border-image: initial; white-space: nowrap; margin: 0px; text-indent: 0px;">&nbsp;</td>
<td style="padding-top: 1px; padding-right: 0px; padding-left: 0px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; text-align: left; vertical-align: top; border: none; white-space: nowrap; height: 13px; margin: 0px; text-indent: 0px;"></td>
<td style="padding-top: 1px; padding-right: 0px; padding-left: 0px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; text-align: center; vertical-align: middle; border-top: none; border-right: 1pt solid windowtext; border-bottom: none; border-left: 1pt solid windowtext; border-image: initial; white-space: normal; height: 13px; margin: 0px; text-indent: 0px;">&nbsp;</td>








 </tr>
<tr style="height: 10px;">
<td height="18" style="height: 10px; padding-top: 1px; padding-right: 0px; padding-left: 0px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; text-align: left; vertical-align: top; border-top: none; border-right: 1pt solid windowtext; border-bottom: none; border-left: 1pt solid windowtext; border-image: initial; white-space: nowrap; margin: 0px; text-indent: 0px;">b.<font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>Inform if the dividend is being fully
  paid</td>
<td style="padding-top: 1px; padding-right: 0px; padding-left: 0px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; text-align: left; vertical-align: top; border: none; white-space: nowrap; height: 10px; margin: 0px; text-indent: 0px;"></td>
<td style="padding-top: 1px; padding-right: 0px; padding-left: 0px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; text-align: center; vertical-align: middle; border-top: none; border-right: 1pt solid windowtext; border-bottom: none; border-left: 1pt solid windowtext; border-image: initial; white-space: normal; height: 10px; margin: 0px; text-indent: 0px;">Yes</td>








 </tr>
<tr style="height: 13px;">
<td height="18" style="height: 13px; padding-top: 1px; padding-right: 0px; padding-left: 0px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; text-align: left; vertical-align: top; border-top: none; border-right: 1pt solid windowtext; border-bottom: none; border-left: 1pt solid windowtext; border-image: initial; white-space: normal; margin: 0px; text-indent: 0px;">&nbsp;</td>
<td style="padding-top: 1px; padding-right: 0px; padding-left: 0px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; text-align: left; vertical-align: top; border: none; white-space: normal; height: 13px; margin: 0px; text-indent: 0px;"></td>
<td style="padding-top: 1px; padding-right: 0px; padding-left: 0px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; text-align: right; vertical-align: bottom; border-top: none; border-right: 1pt solid windowtext; border-bottom: none; border-left: 1pt solid windowtext; border-image: initial; white-space: normal; height: 13px; margin: 0px; text-indent: 0px;">&nbsp;</td>








 </tr>
<tr style="height: 10px;">
<td height="18" style="height: 10px; padding-top: 1px; padding-right: 0px; padding-left: 0px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; text-align: left; vertical-align: top; border-top: none; border-right: 1pt solid windowtext; border-bottom: 1pt solid windowtext; border-left: 1pt solid windowtext; border-image: initial; white-space: nowrap; margin: 0px; text-indent: 0px;">c.<font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>Inform the amount eventually retained</td>
<td style="padding-top: 1px; padding-right: 0px; padding-left: 0px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; text-align: left; vertical-align: top; border: none; white-space: nowrap; height: 10px; margin: 0px; text-indent: 0px;"></td>
<td style="padding-top: 1px; padding-right: 0px; padding-left: 0px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; text-align: right; vertical-align: bottom; border-top: none; border-right: 1pt solid windowtext; border-bottom: 1pt solid windowtext; border-left: 1pt solid windowtext; border-image: initial; white-space: normal; height: 10px; margin: 0px; text-indent: 0px;">-</td>








 </tr>
<tr style="height: 13px;">
<td height="18" style="height: 13px; padding-top: 1px; padding-right: 0px; padding-left: 0px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; text-align: left; vertical-align: top; border: none; white-space: nowrap; margin: 0px; text-indent: 0px;"></td>
<td style="padding-top: 1px; padding-right: 0px; padding-left: 0px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; text-align: left; vertical-align: top; border: none; white-space: nowrap; height: 13px; margin: 0px; text-indent: 0px;"></td>
<td style="padding-top: 1px; padding-right: 0px; padding-left: 0px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; text-align: left; vertical-align: top; border: none; white-space: nowrap; height: 13px; margin: 0px; text-indent: 0px;"></td>








 </tr>
<tr style="height: 13px;">
<td height="18" style="height: 13px; padding-top: 1px; padding-right: 0px; padding-left: 0px; color: #000000; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: top; border-top: 1pt solid windowtext; border-right: 1pt solid windowtext; border-bottom: none; border-left: 1pt solid windowtext; border-image: initial; white-space: normal; margin: 0px; text-indent: 0px; text-align: justify;">11.<font style="mso-spacerun: yes;">&nbsp;&nbsp; </font>In the event of retained mandatory
  dividend due to the company&#8217;s financial condition</td>
<td style="padding-top: 1px; padding-right: 0px; padding-left: 0px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; text-align: left; vertical-align: top; border: none; white-space: nowrap; height: 13px; margin: 0px; text-indent: 0px;"></td>
<td style="padding-top: 1px; padding-right: 0px; padding-left: 0px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; text-align: left; vertical-align: top; border-top: 1pt solid windowtext; border-right: 1pt solid windowtext; border-bottom: none; border-left: 1pt solid windowtext; border-image: initial; white-space: nowrap; height: 13px; margin: 0px; text-indent: 0px;">&nbsp;</td>








 </tr>
<tr style="height: 10px;">
<td height="18" style="height: 10px; padding-top: 1px; padding-right: 0px; padding-left: 0px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; text-align: left; vertical-align: top; border-top: none; border-right: 1pt solid windowtext; border-bottom: none; border-left: 1pt solid windowtext; border-image: initial; white-space: normal; margin: 0px; text-indent: 0px;">&nbsp;</td>
<td style="padding-top: 1px; padding-right: 0px; padding-left: 0px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; text-align: left; vertical-align: top; border: none; white-space: nowrap; height: 10px; margin: 0px; text-indent: 0px;"></td>
<td style="padding-top: 1px; padding-right: 0px; padding-left: 0px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; text-align: left; vertical-align: top; border-top: none; border-right: 1pt solid windowtext; border-bottom: none; border-left: 1pt solid windowtext; border-image: initial; white-space: nowrap; height: 10px; margin: 0px; text-indent: 0px;">&nbsp;</td>








 </tr>
<tr style="height: 10px;">
<td height="18" style="height: 10px; padding-top: 1px; padding-right: 0px; padding-left: 0px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; text-align: left; vertical-align: top; border-top: none; border-right: 1pt solid windowtext; border-bottom: none; border-left: 1pt solid windowtext; border-image: initial; white-space: normal; margin: 0px; text-indent: 0px;">a.<font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>Inform the retained amount</td>
<td style="padding-top: 1px; padding-right: 0px; padding-left: 0px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; text-align: left; vertical-align: top; border: none; white-space: nowrap; height: 10px; margin: 0px; text-indent: 0px;"></td>
<td style="padding-top: 1px; padding-right: 0px; padding-left: 0px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; text-align: right; vertical-align: bottom; border-top: none; border-right: 1pt solid windowtext; border-bottom: none; border-left: 1pt solid windowtext; border-image: initial; white-space: normal; height: 10px; margin: 0px; text-indent: 0px;">-</td>








 </tr>
<tr style="height: 10px;">
<td height="18" style="height: 10px; padding-top: 1px; padding-right: 0px; padding-left: 0px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; text-align: left; vertical-align: top; border-top: none; border-right: 1pt solid windowtext; border-bottom: none; border-left: 1pt solid windowtext; border-image: initial; white-space: normal; margin: 0px; text-indent: 0px;">&nbsp;</td>
<td style="padding-top: 1px; padding-right: 0px; padding-left: 0px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; text-align: left; vertical-align: top; border: none; white-space: nowrap; height: 10px; margin: 0px; text-indent: 0px;"></td>
<td style="padding-top: 1px; padding-right: 0px; padding-left: 0px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; text-align: left; vertical-align: top; border-top: none; border-right: 1pt solid windowtext; border-bottom: none; border-left: 1pt solid windowtext; border-image: initial; white-space: nowrap; height: 10px; margin: 0px; text-indent: 0px;">&nbsp;</td>








 </tr>
<tr style="height: 11px;">
<td height="35" style="height: 11px; padding-top: 1px; padding-right: 0px; padding-left: 0px; color: #000000; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: top; border-top: none; border-right: 1pt solid windowtext; border-bottom: none; border-left: 1pt solid windowtext; border-image: initial; white-space: normal; margin: 0px; text-indent: 0px; text-align: justify;">b.<font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp; </font>Describe, in details, the company&#8217;s
  financial condition, including any aspects relating to the liquidity
  analysis, working capital and positive cash flow</td>
<td style="padding-top: 1px; padding-right: 0px; padding-left: 0px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; text-align: left; vertical-align: top; border: none; white-space: nowrap; height: 11px; margin: 0px; text-indent: 0px;"></td>
<td style="padding-top: 1px; padding-right: 0px; padding-left: 0px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; text-align: right; vertical-align: bottom; border-top: none; border-right: 1pt solid windowtext; border-bottom: none; border-left: 1pt solid windowtext; border-image: initial; white-space: normal; height: 11px; margin: 0px; text-indent: 0px;">-</td>








 </tr>
<tr style="height: 10px;">
<td height="18" style="height: 10px; padding-top: 1px; padding-right: 0px; padding-left: 0px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; text-align: left; vertical-align: top; border-top: none; border-right: 1pt solid windowtext; border-bottom: none; border-left: 1pt solid windowtext; border-image: initial; white-space: normal; margin: 0px; text-indent: 0px;">&nbsp;</td>
<td style="padding-top: 1px; padding-right: 0px; padding-left: 0px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; text-align: left; vertical-align: top; border: none; white-space: nowrap; height: 10px; margin: 0px; text-indent: 0px;"></td>
<td style="padding-top: 1px; padding-right: 0px; padding-left: 0px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; text-align: left; vertical-align: top; border-top: none; border-right: 1pt solid windowtext; border-bottom: none; border-left: 1pt solid windowtext; border-image: initial; white-space: nowrap; height: 10px; margin: 0px; text-indent: 0px;">&nbsp;</td>








 </tr>
<tr style="height: 10px;">
<td height="18" style="height: 10px; padding-top: 1px; padding-right: 0px; padding-left: 0px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; text-align: left; vertical-align: top; border-top: none; border-right: 1pt solid windowtext; border-bottom: 1pt solid windowtext; border-left: 1pt solid windowtext; border-image: initial; white-space: normal; margin: 0px; text-indent: 0px;">c.<font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>Justify why dividends were retained</td>
<td style="padding-top: 1px; padding-right: 0px; padding-left: 0px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; text-align: left; vertical-align: top; border: none; white-space: nowrap; height: 10px; margin: 0px; text-indent: 0px;"></td>
<td style="padding-top: 1px; padding-right: 0px; padding-left: 0px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; text-align: right; vertical-align: bottom; border-top: none; border-right: 1pt solid windowtext; border-bottom: 1pt solid windowtext; border-left: 1pt solid windowtext; border-image: initial; white-space: normal; height: 10px; margin: 0px; text-indent: 0px;">-</td>








 </tr>
<tr style="height: 13px;">
<td height="18" style="height: 13px; padding-top: 1px; padding-right: 0px; padding-left: 0px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; text-align: left; vertical-align: top; border: none; white-space: nowrap; margin: 0px; text-indent: 0px;"></td>
<td style="padding-top: 1px; padding-right: 0px; padding-left: 0px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; text-align: left; vertical-align: top; border: none; white-space: nowrap; height: 13px; margin: 0px; text-indent: 0px;"></td>
<td style="padding-top: 1px; padding-right: 0px; padding-left: 0px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; text-align: left; vertical-align: top; border: none; white-space: nowrap; height: 13px; margin: 0px; text-indent: 0px;"></td>








 </tr>
<tr style="height: 13px;">
<td height="18" style="height: 13px; padding-top: 1px; padding-right: 0px; padding-left: 0px; color: #000000; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: top; border-top: 1pt solid windowtext; border-right: 1pt solid windowtext; border-bottom: none; border-left: 1pt solid windowtext; border-image: initial; white-space: nowrap; margin: 0px; text-indent: 0px; text-align: justify;">12.<font style="mso-spacerun: yes;">&nbsp;&nbsp; </font>In the event of allocation of income to
  the contingency reserve</td>
<td style="padding-top: 1px; padding-right: 0px; padding-left: 0px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; text-align: left; vertical-align: top; border: none; white-space: nowrap; height: 13px; margin: 0px; text-indent: 0px;"></td>
<td style="padding-top: 1px; padding-right: 0px; padding-left: 0px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; text-align: left; vertical-align: top; border-top: 1pt solid windowtext; border-right: 1pt solid windowtext; border-bottom: none; border-left: 1pt solid windowtext; border-image: initial; white-space: nowrap; height: 13px; margin: 0px; text-indent: 0px;">&nbsp;</td>








 </tr>
<tr style="height: 10px;">
<td height="18" style="height: 10px; padding-top: 1px; padding-right: 0px; padding-left: 0px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; text-align: left; vertical-align: top; border-top: none; border-right: 1pt solid windowtext; border-bottom: none; border-left: 1pt solid windowtext; border-image: initial; white-space: nowrap; margin: 0px; text-indent: 0px;">&nbsp;</td>
<td style="padding-top: 1px; padding-right: 0px; padding-left: 0px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; text-align: left; vertical-align: top; border: none; white-space: nowrap; height: 10px; margin: 0px; text-indent: 0px;"></td>
<td style="padding-top: 1px; padding-right: 0px; padding-left: 0px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; text-align: left; vertical-align: top; border-top: none; border-right: 1pt solid windowtext; border-bottom: none; border-left: 1pt solid windowtext; border-image: initial; white-space: nowrap; height: 10px; margin: 0px; text-indent: 0px;">&nbsp;</td>








 </tr>
<tr style="height: 13px;">
<td height="18" style="height: 13px; padding-top: 1px; padding-right: 0px; padding-left: 0px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; text-align: left; vertical-align: top; border-top: none; border-right: 1pt solid windowtext; border-bottom: none; border-left: 1pt solid windowtext; border-image: initial; white-space: nowrap; margin: 0px; text-indent: 0px;">a.<font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp; </font>Identify the amount allocated to the
  reserve</td>
<td style="padding-top: 1px; padding-right: 0px; padding-left: 0px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; text-align: left; vertical-align: top; border: none; white-space: nowrap; height: 13px; margin: 0px; text-indent: 0px;"></td>
<td style="padding-top: 1px; padding-right: 0px; padding-left: 0px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; text-align: right; vertical-align: bottom; border-top: none; border-right: 1pt solid windowtext; border-bottom: none; border-left: 1pt solid windowtext; border-image: initial; white-space: normal; height: 13px; margin: 0px; text-indent: 0px;">-</td>








 </tr>
<tr style="height: 13px;">
<td height="18" style="height: 13px; padding-top: 1px; padding-right: 0px; padding-left: 0px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; text-align: left; vertical-align: top; border-top: none; border-right: 1pt solid windowtext; border-bottom: none; border-left: 1pt solid windowtext; border-image: initial; white-space: nowrap; margin: 0px; text-indent: 0px;">&nbsp;</td>
<td style="padding-top: 1px; padding-right: 0px; padding-left: 0px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; text-align: left; vertical-align: top; border: none; white-space: nowrap; height: 13px; margin: 0px; text-indent: 0px;"></td>
<td style="padding-top: 1px; padding-right: 0px; padding-left: 0px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; text-align: left; vertical-align: top; border-top: none; border-right: 1pt solid windowtext; border-bottom: none; border-left: 1pt solid windowtext; border-image: initial; white-space: nowrap; height: 13px; margin: 0px; text-indent: 0px;">&nbsp;</td>








 </tr>
<tr style="height: 13px;">
<td height="18" style="height: 13px; padding-top: 1px; padding-right: 0px; padding-left: 0px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; text-align: left; vertical-align: top; border-top: none; border-right: 1pt solid windowtext; border-bottom: none; border-left: 1pt solid windowtext; border-image: initial; white-space: nowrap; margin: 0px; text-indent: 0px;">b.<font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp; </font>Identify any probable loss and the
  reason therefore</td>
<td style="padding-top: 1px; padding-right: 0px; padding-left: 0px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; text-align: left; vertical-align: top; border: none; white-space: nowrap; height: 13px; margin: 0px; text-indent: 0px;"></td>
<td style="padding-top: 1px; padding-right: 0px; padding-left: 0px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; text-align: right; vertical-align: bottom; border-top: none; border-right: 1pt solid windowtext; border-bottom: none; border-left: 1pt solid windowtext; border-image: initial; white-space: normal; height: 13px; margin: 0px; text-indent: 0px;">-</td>








 </tr>
<tr style="height: 13px;">
<td height="18" style="height: 13px; padding-top: 1px; padding-right: 0px; padding-left: 0px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; text-align: left; vertical-align: top; border-top: none; border-right: 1pt solid windowtext; border-bottom: none; border-left: 1pt solid windowtext; border-image: initial; white-space: nowrap; margin: 0px; text-indent: 0px;">&nbsp;</td>
<td style="padding-top: 1px; padding-right: 0px; padding-left: 0px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; text-align: left; vertical-align: top; border: none; white-space: nowrap; height: 13px; margin: 0px; text-indent: 0px;"></td>
<td style="padding-top: 1px; padding-right: 0px; padding-left: 0px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; text-align: left; vertical-align: top; border-top: none; border-right: 1pt solid windowtext; border-bottom: none; border-left: 1pt solid windowtext; border-image: initial; white-space: nowrap; height: 13px; margin: 0px; text-indent: 0px;">&nbsp;</td>








 </tr>
<tr style="height: 13px;">
<td height="18" style="height: 13px; padding-top: 1px; padding-right: 0px; padding-left: 0px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; text-align: left; vertical-align: top; border-top: none; border-right: 1pt solid windowtext; border-bottom: none; border-left: 1pt solid windowtext; border-image: initial; white-space: nowrap; margin: 0px; text-indent: 0px;">c.<font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp; </font>Explain why the loss is considered
  probable</td>
<td style="padding-top: 1px; padding-right: 0px; padding-left: 0px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; text-align: left; vertical-align: top; border: none; white-space: nowrap; height: 13px; margin: 0px; text-indent: 0px;"></td>
<td style="padding-top: 1px; padding-right: 0px; padding-left: 0px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; text-align: right; vertical-align: bottom; border-top: none; border-right: 1pt solid windowtext; border-bottom: none; border-left: 1pt solid windowtext; border-image: initial; white-space: normal; height: 13px; margin: 0px; text-indent: 0px;">-</td>








 </tr>
<tr style="height: 13px;">
<td height="18" style="height: 13px; padding-top: 1px; padding-right: 0px; padding-left: 0px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; text-align: left; vertical-align: top; border-top: none; border-right: 1pt solid windowtext; border-bottom: none; border-left: 1pt solid windowtext; border-image: initial; white-space: nowrap; margin: 0px; text-indent: 0px;">&nbsp;</td>
<td style="padding-top: 1px; padding-right: 0px; padding-left: 0px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; text-align: left; vertical-align: top; border: none; white-space: nowrap; height: 13px; margin: 0px; text-indent: 0px;"></td>
<td style="padding-top: 1px; padding-right: 0px; padding-left: 0px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; text-align: left; vertical-align: top; border-top: none; border-right: 1pt solid windowtext; border-bottom: none; border-left: 1pt solid windowtext; border-image: initial; white-space: nowrap; height: 13px; margin: 0px; text-indent: 0px;">&nbsp;</td>








 </tr>
<tr style="height: 13px;">
<td height="18" style="height: 13px; padding-top: 1px; padding-right: 0px; padding-left: 0px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; text-align: left; vertical-align: top; border-top: none; border-right: 1pt solid windowtext; border-bottom: 1pt solid windowtext; border-left: 1pt solid windowtext; border-image: initial; white-space: nowrap; margin: 0px; text-indent: 0px;">d.<font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp; </font>Justify the establishment of the reserve</td>
<td style="padding-top: 1px; padding-right: 0px; padding-left: 0px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; text-align: left; vertical-align: top; border: none; white-space: nowrap; height: 13px; margin: 0px; text-indent: 0px;"></td>
<td style="padding-top: 1px; padding-right: 0px; padding-left: 0px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; text-align: right; vertical-align: bottom; border-top: none; border-right: 1pt solid windowtext; border-bottom: 1pt solid windowtext; border-left: 1pt solid windowtext; border-image: initial; white-space: normal; height: 13px; margin: 0px; text-indent: 0px;">-</td>








 </tr>

















</table>







<font style="font-weight: bold; font-family: 'Century Gothic';">



</font></div>







</div>




</div>
<div style="font-family: 'times new roman', times; font-size: 10pt;">
<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;"><a href="#TOC"></a><br></div>



</div>
<div 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; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; background-color: #ffffff; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; margin: 0px;">
<div style="width: 8.5in; margin: 0 auto;">
<div style="font-family: 'times new roman', times; font-size: 10pt;">
<div 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; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; background-color: #ffffff; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; margin: 0px;"><img src="img9f7973a527a746b995f9.jpg" style="display: block; margin-left: auto; margin-right: auto;" alt="Graphics"></div>
<div style="color: #000000; font-size: 10pt; 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; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; background-color: #ffffff; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Century Gothic'; text-align: center;"><font style="font-weight: bold; font-family: 'Century Gothic';">Exhibit IV - Allocation of net income proposal for the fiscal year, pursuant to Annex A of CVM Resolution 81/22</font><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></div>






</div>
<div style="font-family: 'times new roman', times; font-size: 10pt;"><br></div>
<div style="font-family: 'times new roman', times; font-size: 10pt;">
<table border="0" cellpadding="0" cellspacing="0" width="100%" style="border-collapse: collapse; width: 100.136%; margin: 0px 0px 0px 0.1px; text-indent: 0px; height: 496px; font-family: 'times new roman'; font-size: 10pt;">






<tr style="height: 25px;">
<td height="34" style="height: 25px; padding-top: 1px; padding-right: 0px; padding-left: 0px; color: windowtext; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; margin: 0px; text-indent: 0px; width: 64%;">(in
  thousands of Reais, except when otherwise mentioned)</td>
<td style="padding-top: 1px; padding-right: 0px; padding-left: 0px; color: windowtext; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: top; border: none; white-space: nowrap; margin: 0px; text-indent: 0px; height: 25px; width: 1%;"></td>
<td style="padding-top: 1px; padding-right: 0px; padding-left: 0px; color: #ffffff; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: top; border: 1pt solid windowtext; white-space: normal; background: #333399; margin: 0px; text-indent: 0px; height: 25px; width: 35.1357%; text-align: center;">Year ended<br>
    12/31/2023</td>








 </tr>
<tr style="height: 10px;">
<td height="18" style="height: 10px; padding-top: 1px; padding-right: 0px; padding-left: 0px; color: #000000; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: top; border: none; white-space: nowrap; margin: 0px; text-indent: 0px; width: 64%;"></td>
<td style="padding-top: 1px; padding-right: 0px; padding-left: 0px; color: #000000; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: top; border: none; white-space: nowrap; margin: 0px; text-indent: 0px; height: 10px; width: 1%;"></td>
<td style="padding-top: 1px; padding-right: 0px; padding-left: 0px; color: #000000; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: top; border: none; white-space: nowrap; margin: 0px; text-indent: 0px; height: 10px; width: 35.1357%;"></td>








 </tr>
<tr style="height: 13px;">
<td height="18" style="height: 13px; padding-top: 1px; padding-right: 0px; padding-left: 0px; color: #000000; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: top; border-top: 1pt solid windowtext; border-right: 1pt solid windowtext; border-bottom: none; border-left: 1pt solid windowtext; border-image: initial; white-space: nowrap; margin: 0px; text-indent: 0px; width: 64%;">13. In the event of allocation
  of income to the unrealized profit reserve</td>
<td style="padding-top: 1px; padding-right: 0px; padding-left: 0px; color: #000000; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: top; border: none; white-space: nowrap; margin: 0px; text-indent: 0px; height: 13px; width: 1%;"></td>
<td style="padding-top: 1px; padding-right: 0px; padding-left: 0px; color: #000000; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: top; border-top: 1pt solid windowtext; border-right: 1pt solid windowtext; border-bottom: none; border-left: 1pt solid windowtext; border-image: initial; white-space: nowrap; margin: 0px; text-indent: 0px; height: 13px; width: 35.1357%;">&nbsp;</td>








 </tr>
<tr style="height: 10px;">
<td height="18" style="height: 10px; padding-top: 1px; padding-right: 0px; padding-left: 0px; color: #000000; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: top; border-top: none; border-right: 1pt solid windowtext; border-bottom: none; border-left: 1pt solid windowtext; border-image: initial; white-space: nowrap; margin: 0px; text-indent: 0px; width: 64%;">&nbsp;</td>
<td style="padding-top: 1px; padding-right: 0px; padding-left: 0px; color: #000000; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: top; border: none; white-space: nowrap; margin: 0px; text-indent: 0px; height: 10px; width: 1%;"></td>
<td style="padding-top: 1px; padding-right: 0px; padding-left: 0px; color: #000000; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: top; border-top: none; border-right: 1pt solid windowtext; border-bottom: none; border-left: 1pt solid windowtext; border-image: initial; white-space: nowrap; margin: 0px; text-indent: 0px; height: 10px; width: 35.1357%;">&nbsp;</td>








 </tr>
<tr style="height: 13px;">
<td height="18" style="height: 13px; padding-top: 1px; padding-right: 0px; padding-left: 0px; color: #000000; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: top; border-top: none; border-right: 1pt solid windowtext; border-bottom: none; border-left: 1pt solid windowtext; border-image: initial; white-space: nowrap; margin: 0px; text-indent: 0px; width: 64%;">a. Identify the amount
  allocated to the unrealized profit reserve</td>
<td style="padding-top: 1px; padding-right: 0px; padding-left: 0px; color: #000000; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: top; border: none; white-space: nowrap; margin: 0px; text-indent: 0px; height: 13px; width: 1%;"></td>
<td style="padding-top: 1px; padding-right: 0px; padding-left: 0px; color: #000000; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border-top: none; border-right: 1pt solid windowtext; border-bottom: none; border-left: 1pt solid windowtext; border-image: initial; white-space: nowrap; margin: 0px; text-indent: 0px; height: 13px; text-align: right; width: 35.1357%;">-</td>








 </tr>
<tr style="height: 10px;">
<td height="18" style="height: 10px; padding-top: 1px; padding-right: 0px; padding-left: 0px; color: #000000; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: top; border-top: none; border-right: 1pt solid windowtext; border-bottom: none; border-left: 1pt solid windowtext; border-image: initial; white-space: nowrap; margin: 0px; text-indent: 0px; width: 64%;">&nbsp;</td>
<td style="padding-top: 1px; padding-right: 0px; padding-left: 0px; color: #000000; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: top; border: none; white-space: nowrap; margin: 0px; text-indent: 0px; height: 10px; width: 1%;"></td>
<td style="padding-top: 1px; padding-right: 0px; padding-left: 0px; color: #000000; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: top; border-top: none; border-right: 1pt solid windowtext; border-bottom: none; border-left: 1pt solid windowtext; border-image: initial; white-space: nowrap; margin: 0px; text-indent: 0px; height: 10px; width: 35.1357%;">&nbsp;</td>








 </tr>
<tr style="height: 13px;">
<td height="18" style="height: 13px; padding-top: 1px; padding-right: 0px; padding-left: 0px; color: #000000; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: top; border-top: none; border-right: 1pt solid windowtext; border-bottom: 1pt solid windowtext; border-left: 1pt solid windowtext; border-image: initial; white-space: nowrap; margin: 0px; text-indent: 0px; width: 64%;">b. Inform the nature of
  unrealized profits which originated the reserve</td>
<td style="padding-top: 1px; padding-right: 0px; padding-left: 0px; color: #000000; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: top; border: none; white-space: nowrap; margin: 0px; text-indent: 0px; height: 13px; width: 1%;"></td>
<td style="padding-top: 1px; padding-right: 0px; padding-left: 0px; color: #000000; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border-top: none; border-right: 1pt solid windowtext; border-bottom: 1pt solid windowtext; border-left: 1pt solid windowtext; border-image: initial; white-space: nowrap; margin: 0px; text-indent: 0px; height: 13px; text-align: right; width: 35.1357%;">-</td>








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<tr style="height: 10px;">
<td height="18" style="height: 10px; padding-top: 1px; padding-right: 0px; padding-left: 0px; color: #000000; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: top; border: none; white-space: nowrap; margin: 0px; text-indent: 0px; width: 64%;"></td>
<td style="padding-top: 1px; padding-right: 0px; padding-left: 0px; color: #000000; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: top; border: none; white-space: nowrap; margin: 0px; text-indent: 0px; height: 10px; width: 1%;"></td>
<td style="padding-top: 1px; padding-right: 0px; padding-left: 0px; color: #000000; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: top; border: none; white-space: nowrap; margin: 0px; text-indent: 0px; height: 10px; width: 35.1357%;"></td>








 </tr>
<tr style="height: 13px;">
<td height="18" style="height: 13px; padding-top: 1px; padding-right: 0px; padding-left: 0px; color: #000000; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: top; border-top: 1pt solid windowtext; border-right: 1pt solid windowtext; border-bottom: none; border-left: 1pt solid windowtext; border-image: initial; white-space: nowrap; margin: 0px; text-indent: 0px; width: 64%;">14.<font style="mso-spacerun: yes;">&nbsp;&nbsp; </font>In the event of allocation of income to
  statutory reserve4</td>
<td style="padding-top: 1px; padding-right: 0px; padding-left: 0px; color: #000000; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: top; border: none; white-space: nowrap; margin: 0px; text-indent: 0px; height: 13px; width: 1%;"></td>
<td style="padding-top: 1px; padding-right: 0px; padding-left: 0px; color: #000000; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: top; border-top: 1pt solid windowtext; border-right: 1pt solid windowtext; border-bottom: none; border-left: 1pt solid windowtext; border-image: initial; white-space: nowrap; margin: 0px; text-indent: 0px; height: 13px; width: 35.1357%;">&nbsp;</td>








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<tr style="height: 13px;">
<td height="18" style="height: 13px; padding-top: 1px; padding-right: 0px; padding-left: 0px; color: #000000; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: top; border-top: none; border-right: 1pt solid windowtext; border-bottom: none; border-left: 1pt solid windowtext; border-image: initial; white-space: nowrap; margin: 0px; text-indent: 0px; width: 64%;">&nbsp;</td>
<td style="padding-top: 1px; padding-right: 0px; padding-left: 0px; color: #000000; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: top; border: none; white-space: nowrap; margin: 0px; text-indent: 0px; height: 13px; width: 1%;"></td>
<td style="padding-top: 1px; padding-right: 0px; padding-left: 0px; color: #000000; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: top; border-top: none; border-right: 1pt solid windowtext; border-bottom: none; border-left: 1pt solid windowtext; border-image: initial; white-space: nowrap; margin: 0px; text-indent: 0px; height: 13px; width: 35.1357%;">&nbsp;</td>








 </tr>
<tr style="height: 13px;">
<td height="18" style="height: 13px; padding-top: 1px; padding-right: 0px; padding-left: 0px; color: #000000; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: top; border-top: none; border-right: 1pt solid windowtext; border-bottom: none; border-left: 1pt solid windowtext; border-image: initial; white-space: nowrap; margin: 0px; text-indent: 0px; width: 64%;">a.<font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp; </font>Describe the statutory clauses which
  establish the reserve</td>
<td style="padding-top: 1px; padding-right: 0px; padding-left: 0px; color: #000000; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: top; border: none; white-space: nowrap; margin: 0px; text-indent: 0px; height: 13px; width: 1%;"></td>
<td style="padding-top: 1px; padding-right: 0px; padding-left: 0px; color: #000000; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: top; border-top: none; border-right: 1pt solid windowtext; border-bottom: none; border-left: 1pt solid windowtext; border-image: initial; white-space: nowrap; margin: 0px; text-indent: 0px; height: 13px; width: 35.1357%;">Article 53 - Bylaws - item b)</td>








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<tr style="height: 13px;">
<td height="18" style="height: 13px; padding-top: 1px; padding-right: 0px; padding-left: 0px; color: #000000; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: top; border-top: none; border-right: 1pt solid windowtext; border-bottom: none; border-left: 1pt solid windowtext; border-image: initial; white-space: nowrap; margin: 0px; text-indent: 0px; width: 64%;">&nbsp;</td>
<td style="padding-top: 1px; padding-right: 0px; padding-left: 0px; color: #000000; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: top; border: none; white-space: nowrap; margin: 0px; text-indent: 0px; height: 13px; width: 1%;"></td>
<td style="padding-top: 1px; padding-right: 0px; padding-left: 0px; color: #000000; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: top; border-top: none; border-right: 1pt solid windowtext; border-bottom: none; border-left: 1pt solid windowtext; border-image: initial; white-space: nowrap; margin: 0px; text-indent: 0px; height: 13px; width: 35.1357%;">&nbsp;</td>








 </tr>
<tr style="height: 13px;">
<td height="18" style="height: 13px; padding-top: 1px; padding-right: 0px; padding-left: 0px; color: #000000; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: top; border-top: none; border-right: 1pt solid windowtext; border-bottom: none; border-left: 1pt solid windowtext; border-image: initial; white-space: nowrap; margin: 0px; text-indent: 0px; width: 64%;">b.<font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp; </font>Identify the amount allocated to the
  reserve5</td>
<td style="padding-top: 1px; padding-right: 0px; padding-left: 0px; color: #000000; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: top; border: none; white-space: nowrap; margin: 0px; text-indent: 0px; height: 13px; width: 1%;"></td>
<td style="padding-top: 1px; padding-right: 0px; padding-left: 0px; color: #000000; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: top; border-top: none; border-right: 1pt solid windowtext; border-bottom: none; border-left: 1pt solid windowtext; border-image: initial; white-space: nowrap; margin: 0px; text-indent: 0px; height: 13px; text-align: right; width: 35.1357%;">1,606,431</td>








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<td height="18" style="height: 13px; padding-top: 1px; padding-right: 0px; padding-left: 0px; color: #000000; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: top; border-top: none; border-right: 1pt solid windowtext; border-bottom: none; border-left: 1pt solid windowtext; border-image: initial; white-space: nowrap; margin: 0px; text-indent: 0px; width: 64%;">&nbsp;</td>
<td style="padding-top: 1px; padding-right: 0px; padding-left: 0px; color: #000000; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: top; border: none; white-space: nowrap; margin: 0px; text-indent: 0px; height: 13px; width: 1%;"></td>
<td style="padding-top: 1px; padding-right: 0px; padding-left: 0px; color: #000000; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: top; border-top: none; border-right: 1pt solid windowtext; border-bottom: none; border-left: 1pt solid windowtext; border-image: initial; white-space: nowrap; margin: 0px; text-indent: 0px; height: 13px; width: 35.1357%;">&nbsp;</td>








 </tr>
<tr style="height: 167px;">
<td height="370" style="height: 167px; padding-top: 1px; padding-right: 0px; padding-left: 0px; color: #000000; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border-top: none; border-right: 1pt solid windowtext; border-bottom: 1pt solid windowtext; border-left: 1pt solid windowtext; border-image: initial; white-space: nowrap; margin: 0px; text-indent: 0px; width: 64%;">c.<font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>Describe how the amount was calculated</td>
<td style="padding-top: 1px; padding-right: 0px; padding-left: 0px; color: #000000; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: top; border: none; white-space: nowrap; margin: 0px; text-indent: 0px; height: 167px; width: 1%;"></td>
<td style="padding-top: 1px; padding-right: 0px; padding-left: 0px; color: #000000; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: top; border-top: none; border-right: 1pt solid windowtext; border-bottom: 1pt solid windowtext; border-left: 1pt solid windowtext; border-image: initial; white-space: normal; margin: 0px; text-indent: 0px; height: 167px; text-align: justify; width: 35.1357%;">At the proposal of the
  management bodies, up to 75%<font style="mso-spacerun: yes;">&nbsp; </font>of<font style="mso-spacerun: yes;">&nbsp; </font>adjusted<font style="mso-spacerun: yes;">&nbsp;
  </font>net<font style="mso-spacerun: yes;">&nbsp; </font>income<font style="mso-spacerun: yes;">&nbsp; </font>may<font style="mso-spacerun: yes;">&nbsp;
  </font>be<font style="mso-spacerun: yes;">&nbsp; </font>used<font style="mso-spacerun: yes;">&nbsp; </font>to create<font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;
  </font>an<font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp; </font>investment<font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp; </font>reserve,<font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp; </font>aimed<font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;
  </font>at protecting the integrity of the Company&#180;s assets and strengthen its
  capital stock, in order to allow new investments to be made, up to the limit
  of 100%<font style="mso-spacerun: yes;">&nbsp; </font>of<font style="mso-spacerun: yes;">&nbsp; </font>the<font style="mso-spacerun: yes;">&nbsp;
  </font>capital<font style="mso-spacerun: yes;">&nbsp; </font>stock,<font style="mso-spacerun: yes;">&nbsp; </font>provided<font style="mso-spacerun: yes;">&nbsp;
  </font>that<font style="mso-spacerun: yes;">&nbsp; </font>the balance<font style="mso-spacerun: yes;">&nbsp; </font>of<font style="mso-spacerun: yes;">&nbsp;
  </font>such<font style="mso-spacerun: yes;">&nbsp; </font>reserve,<font style="mso-spacerun: yes;">&nbsp; </font>when<font style="mso-spacerun: yes;">&nbsp;
  </font>combined<font style="mso-spacerun: yes;">&nbsp; </font>with other<font style="mso-spacerun: yes;">&nbsp; </font>profit<font style="mso-spacerun: yes;">&nbsp;
  </font>reserve<font style="mso-spacerun: yes;">&nbsp; </font>balances,<font style="mso-spacerun: yes;">&nbsp; </font>except<font style="mso-spacerun: yes;">&nbsp;
  </font>for<font style="mso-spacerun: yes;">&nbsp; </font>the unrealized<font style="mso-spacerun: yes;">&nbsp; </font>profit<font style="mso-spacerun: yes;">&nbsp;
  </font>reserve<font style="mso-spacerun: yes;">&nbsp; </font>and<font style="mso-spacerun: yes;">&nbsp; </font>the<font style="mso-spacerun: yes;">&nbsp;
  </font>contingency reserves,<font style="mso-spacerun: yes;">&nbsp;
  </font>shall<font style="mso-spacerun: yes;">&nbsp; </font>not<font style="mso-spacerun: yes;">&nbsp; </font>exceed<font style="mso-spacerun: yes;">&nbsp;
  </font>100%<font style="mso-spacerun: yes;">&nbsp; </font>of<font style="mso-spacerun: yes;">&nbsp; </font>the<font style="mso-spacerun: yes;">&nbsp;
  </font>capital stock<font style="mso-spacerun: yes;">&nbsp;&nbsp; </font>and,<font style="mso-spacerun: yes;">&nbsp;&nbsp; </font>once<font style="mso-spacerun: yes;">&nbsp;&nbsp;
  </font>such<font style="mso-spacerun: yes;">&nbsp;&nbsp; </font>limit<font style="mso-spacerun: yes;">&nbsp;&nbsp; </font>is<font style="mso-spacerun: yes;">&nbsp;&nbsp;
  </font>reached,<font style="mso-spacerun: yes;">&nbsp;&nbsp; </font>the
  Shareholders&#8217;<font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp; </font>Meeting<font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp; </font>shall<font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;
  </font>determine<font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp; </font>the allocation of
  the surplus<font style="mso-spacerun: yes;">&nbsp; </font>through an increase of the
  capital stock or in the distribution of dividends.</td>








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<td style="padding-top: 1px; padding-right: 0px; padding-left: 0px; color: #000000; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: top; border: none; white-space: nowrap; margin: 0px; text-indent: 0px; height: 10px; width: 1%;"></td>
<td style="padding-top: 1px; padding-right: 0px; padding-left: 0px; color: #000000; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: top; border: none; white-space: nowrap; margin: 0px; text-indent: 0px; height: 10px; width: 35.1357%;"></td>








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<tr style="height: 13px;">
<td height="18" style="height: 13px; padding-top: 1px; padding-right: 0px; padding-left: 0px; color: #000000; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: top; border-top: 1pt solid windowtext; border-right: 1pt solid windowtext; border-bottom: none; border-left: 1pt solid windowtext; border-image: initial; white-space: nowrap; margin: 0px; text-indent: 0px; width: 64%;">15.<font style="mso-spacerun: yes;">&nbsp;&nbsp; </font>In the event of retention of income under
  the capital budget</td>
<td style="padding-top: 1px; padding-right: 0px; padding-left: 0px; color: #000000; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: top; border: none; white-space: nowrap; margin: 0px; text-indent: 0px; height: 13px; width: 1%;"></td>
<td style="padding-top: 1px; padding-right: 0px; padding-left: 0px; color: #000000; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: top; border-top: 1pt solid windowtext; border-right: 1pt solid windowtext; border-bottom: none; border-left: 1pt solid windowtext; border-image: initial; white-space: nowrap; margin: 0px; text-indent: 0px; height: 13px; width: 35.1357%;">&nbsp;</td>








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<tr style="height: 13px;">
<td height="18" style="height: 13px; padding-top: 1px; padding-right: 0px; padding-left: 0px; color: #000000; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: top; border-top: none; border-right: 1pt solid windowtext; border-bottom: none; border-left: 1pt solid windowtext; border-image: initial; white-space: nowrap; margin: 0px; text-indent: 0px; width: 64%;">&nbsp;</td>
<td style="padding-top: 1px; padding-right: 0px; padding-left: 0px; color: #000000; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: top; border: none; white-space: nowrap; margin: 0px; text-indent: 0px; height: 13px; width: 1%;"></td>
<td style="padding-top: 1px; padding-right: 0px; padding-left: 0px; color: #000000; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: top; border-top: none; border-right: 1pt solid windowtext; border-bottom: none; border-left: 1pt solid windowtext; border-image: initial; white-space: nowrap; margin: 0px; text-indent: 0px; height: 13px; width: 35.1357%;">&nbsp;</td>








 </tr>
<tr style="height: 13px;">
<td height="18" style="height: 13px; padding-top: 1px; padding-right: 0px; padding-left: 0px; color: #000000; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: top; border-top: none; border-right: 1pt solid windowtext; border-bottom: none; border-left: 1pt solid windowtext; border-image: initial; white-space: nowrap; margin: 0px; text-indent: 0px; width: 64%;">a.<font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp; </font>Identify the amount retained</td>
<td style="padding-top: 1px; padding-right: 0px; padding-left: 0px; color: #000000; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: top; border: none; white-space: nowrap; margin: 0px; text-indent: 0px; height: 13px; width: 1%;"></td>
<td style="padding-top: 1px; padding-right: 0px; padding-left: 0px; color: #000000; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border-top: none; border-right: 1pt solid windowtext; border-bottom: none; border-left: 1pt solid windowtext; border-image: initial; white-space: nowrap; margin: 0px; text-indent: 0px; height: 13px; text-align: right; width: 35.1357%;">-</td>








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<tr style="height: 13px;">
<td height="18" style="height: 13px; padding-top: 1px; padding-right: 0px; padding-left: 0px; color: #000000; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: top; border-top: none; border-right: 1pt solid windowtext; border-bottom: none; border-left: 1pt solid windowtext; border-image: initial; white-space: nowrap; margin: 0px; text-indent: 0px; width: 64%;">&nbsp;</td>
<td style="padding-top: 1px; padding-right: 0px; padding-left: 0px; color: #000000; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: top; border: none; white-space: nowrap; margin: 0px; text-indent: 0px; height: 13px; width: 1%;"></td>
<td style="padding-top: 1px; padding-right: 0px; padding-left: 0px; color: #000000; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: top; border-top: none; border-right: 1pt solid windowtext; border-bottom: none; border-left: 1pt solid windowtext; border-image: initial; white-space: nowrap; margin: 0px; text-indent: 0px; height: 13px; width: 35.1357%;">&nbsp;</td>








 </tr>
<tr style="height: 13px;">
<td height="18" style="height: 13px; padding-top: 1px; padding-right: 0px; padding-left: 0px; color: #000000; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: top; border-top: none; border-right: 1pt solid windowtext; border-bottom: 1pt solid windowtext; border-left: 1pt solid windowtext; border-image: initial; white-space: nowrap; margin: 0px; text-indent: 0px; width: 64%;">b.<font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp; </font>Provide a copy of the capital budget</td>
<td style="padding-top: 1px; padding-right: 0px; padding-left: 0px; color: #000000; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: top; border: none; white-space: nowrap; margin: 0px; text-indent: 0px; height: 13px; width: 1%;"></td>
<td style="padding-top: 1px; padding-right: 0px; padding-left: 0px; color: #000000; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border-top: none; border-right: 1pt solid windowtext; border-bottom: 1pt solid windowtext; border-left: 1pt solid windowtext; border-image: initial; white-space: nowrap; margin: 0px; text-indent: 0px; height: 13px; text-align: right; width: 35.1357%;">-</td>








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<tr style="height: 10px;">
<td height="18" style="height: 10px; padding-top: 1px; padding-right: 0px; padding-left: 0px; color: #000000; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: top; border: none; white-space: nowrap; margin: 0px; text-indent: 0px; width: 64%;"></td>
<td style="padding-top: 1px; padding-right: 0px; padding-left: 0px; color: #000000; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: top; border: none; white-space: nowrap; margin: 0px; text-indent: 0px; height: 10px; width: 1%;"></td>
<td style="padding-top: 1px; padding-right: 0px; padding-left: 0px; color: #000000; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: top; border: none; white-space: nowrap; margin: 0px; text-indent: 0px; height: 10px; width: 35.1357%;"></td>








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<tr style="height: 13px;">
<td height="18" style="height: 13px; padding-top: 1px; padding-right: 0px; padding-left: 0px; color: #000000; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: top; border-top: 1pt solid windowtext; border-right: 1pt solid windowtext; border-bottom: none; border-left: 1pt solid windowtext; border-image: initial; white-space: nowrap; margin: 0px; text-indent: 0px; width: 64%;">16.<font style="mso-spacerun: yes;">&nbsp;&nbsp; </font>In the event of allocation of income to
  the tax incentive reserve</td>
<td style="padding-top: 1px; padding-right: 0px; padding-left: 0px; color: #000000; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: top; border: none; white-space: nowrap; margin: 0px; text-indent: 0px; height: 13px; width: 1%;"></td>
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<td style="padding-top: 1px; padding-right: 0px; padding-left: 0px; color: #000000; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: top; border: none; white-space: nowrap; margin: 0px; text-indent: 0px; height: 13px; width: 1%;"></td>
<td style="padding-top: 1px; padding-right: 0px; padding-left: 0px; color: #000000; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: top; border-top: none; border-right: 1pt solid windowtext; border-bottom: none; border-left: 1pt solid windowtext; border-image: initial; white-space: nowrap; margin: 0px; text-indent: 0px; height: 13px; width: 35.1357%;">&nbsp;</td>








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<tr style="height: 13px;">
<td height="18" style="height: 13px; padding-top: 1px; padding-right: 0px; padding-left: 0px; color: #000000; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: top; border-top: none; border-right: 1pt solid windowtext; border-bottom: none; border-left: 1pt solid windowtext; border-image: initial; white-space: nowrap; margin: 0px; text-indent: 0px; width: 64%;">a.<font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp; </font>Identify the amount allocated to the
  reserve</td>
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<td style="padding-top: 1px; padding-right: 0px; padding-left: 0px; color: #000000; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: top; border-top: none; border-right: 1pt solid windowtext; border-bottom: none; border-left: 1pt solid windowtext; border-image: initial; white-space: nowrap; margin: 0px; text-indent: 0px; height: 13px; width: 35.1357%;">&nbsp;</td>








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<tr style="height: 10px;">
<td height="18" style="height: 10px; padding-top: 1px; padding-right: 0px; padding-left: 0px; color: #000000; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: top; border-top: none; border-right: 1pt solid windowtext; border-bottom: 1pt solid windowtext; border-left: 1pt solid windowtext; border-image: initial; white-space: nowrap; margin: 0px; text-indent: 0px; width: 64%;">b.<font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp; </font>Explain the nature of the allocation</td>
<td style="padding-top: 1px; padding-right: 0px; padding-left: 0px; color: #000000; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: top; border: none; white-space: nowrap; margin: 0px; text-indent: 0px; height: 10px; width: 1%;"></td>
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&nbsp;&nbsp;</div>
<div style="font-family: Century Gothic; font-size: 10pt; line-height: 1.2;"><font style="font-size: 8pt; line-height: inherit;"><sup>1</sup></font> Net income of Ultrapar's shareholders.<br><font style="font-size: 8pt; line-height: inherit;"><sup>2</sup></font> Number of shares used for the calculation does not include shares held in treasury of the Company and considers the following issuances approved in the Company's Board of Directors meetings: (i) 2,108,542 common shares on February 19, 2020, (ii) 86,978 common shares on August 12, 2020, (iii) 70,939 common shares on February 24, 2021, (iv) 31,032 common shares on August 11, 2021, (v) 43,925 common shares on February&nbsp;23, 2022, (vi) 21,472 common shares on August 3, 2022, (vii) 31,211 common shares on February 15, 2023, (viii) 8,199 common shares on August 9,&nbsp;2023, and (iv) 191,778 common shares on February 28, 2024.<br><font style="font-size: 8pt; line-height: inherit;"><sup>3</sup></font> With income tax withholding at a rate of 15%, net interest on equity was R$ 0.35060 per share, except for corporate shareholders that are proven to be immune or exempt.<br><font style="font-size: 8pt; line-height: inherit;"><sup>4</sup></font> Investments statutory reserve made in accordance with Article 194 of the Brazilian Corporate Law.<br><font style="font-size: 8pt; line-height: inherit;"><sup>5</sup></font> Includes the realization of the revaluation reserve, net of income tax and social contribution, of R$ 60 thousand and write-off of prescribed dividends of R$ 2,048 thousand.<br></div>
<div style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp; &nbsp;&nbsp;<font style="color: #ffffff;">.</font></div>




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



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<p style="margin: 0px; line-height: 1.2; text-indent: 0px; text-align: center;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold; line-height: inherit;"><img src="img0e2da244844c4b75b0ea.jpg" alt="Graphics"></font></p>
<div style="margin: 0pt 0pt 12pt; line-height: 1.2; text-indent: 0pt; text-align: center;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold; line-height: inherit;"><a style="text-decoration: none; color: rgb(0, 0, 0); cursor: default; outline: none; pointer-events: none;" href="#TOC" name="BExhibitV_1422024154541125" class="customBookmark">Exhibit V</a> &#8211; Information regarding the</font> <font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold; line-height: inherit;">candidates for the Fiscal Council appointed or supported by the management, pursuant to items 7.3 to 7.6 of the Reference Form and to the New Market Regulation</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold; line-height: inherit;">&nbsp;</font></div>
<div style="margin: 0px; padding-left: 0pt; line-height: 1.2; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold; line-height: inherit; padding-left: 5.44pt; text-align: justify; text-indent: 0pt; margin: 0pt 0pt 6pt 0pt !important;"><font style="line-height: inherit;">7.  </font> <font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold; line-height: inherit;">Annual General Shareholders&#8217; Meeting (&#8220;AGM&#8221;) and Management</font></font></div>
<p style="font-size: 9pt; line-height: 1.2; margin: 0pt 0pt 0pt 36pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt 0pt 0pt 54pt; text-indent: -36pt; line-height: 1.2;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold; line-height: inherit;">7.3.</font><font style="font-style: normal; font-variant: normal; font-kerning: auto; font-optical-sizing: auto; font-feature-settings: normal; font-variation-settings: normal; font-weight: normal; font-stretch: normal; font-size: 7pt; line-height: inherit; font-family: 'Times New Roman';">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold; line-height: inherit;">Information about the candidates for</font> <font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold; line-height: inherit;">the Fiscal Council appointed or supported by </font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold; line-height: inherit;">the m</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold; line-height: inherit;">anagement</font></p>
<p style="margin: 0pt; line-height: 1.2;"><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt 0pt 6pt; text-align: justify; line-height: 1.2;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold; line-height: inherit;">Fiscal Council</font></p>
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<p style="margin: 0pt; text-align: center;"><font style="font-size: 8pt;"><font style="font-family: 'Century Gothic'; font-weight: bold; line-height: inherit;">N</font><font style="font-family: 'Century Gothic'; font-weight: bold; line-height: inherit;">a</font><font style="font-family: 'Century Gothic'; font-weight: bold; line-height: inherit;">me</font></font></p>











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<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Century Gothic'; font-size: 8pt; font-weight: bold; line-height: inherit;">Date of birth</font></p>











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<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Century Gothic'; font-size: 8pt; font-weight: bold; line-height: inherit;">Profession</font></p>











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<p style="margin: 0pt; text-align: center;"><font style="font-size: 8pt;"><font style="font-family: 'Century Gothic'; font-weight: bold; line-height: inherit;">CPF</font><font style="font-family: 'Century Gothic'; font-weight: bold; line-height: inherit;"> or passport number</font></font></p>











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<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Century Gothic'; font-size: 8pt; font-weight: bold; line-height: inherit;">Gender</font></p>











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<p style="margin: 0pt; text-align: center;"><font style="font-size: 8pt;"><font style="font-family: 'Century Gothic'; font-weight: bold; line-height: inherit;">Skin </font><font style="font-family: 'Century Gothic'; font-weight: bold; line-height: inherit;">c</font><font style="font-family: 'Century Gothic'; font-weight: bold; line-height: inherit;">olor</font></font></p>











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<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Century Gothic'; font-size: 8pt; font-weight: bold; line-height: inherit;">Elective position to be held</font></p>











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<p style="margin: 0pt; text-align: center;"><font style="font-size: 8pt;"><font style="font-family: 'Century Gothic'; font-weight: bold; line-height: inherit;">Expected election and investiture </font><font style="font-family: 'Century Gothic'; font-weight: bold; line-height: inherit;">date</font></font></p>











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<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Century Gothic'; font-size: 8pt; font-weight: bold; line-height: inherit;">Term of office</font></p>











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<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Century Gothic'; font-size: 8pt; font-weight: bold; line-height: inherit;">Other positions held in the issuer</font></p>











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<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Century Gothic'; font-size: 8pt; font-weight: bold; line-height: inherit;">Will be elected by the Controller</font></p>











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<p style="margin: 0pt; text-align: center;"><font style="font-size: 8pt;"><font style="font-family: 'Century Gothic'; font-weight: bold; line-height: inherit;">Consecutive </font><font style="font-family: 'Century Gothic'; font-weight: bold; line-height: inherit;">t</font><font style="font-family: 'Century Gothic'; font-weight: bold; line-height: inherit;">erms</font></font></p>











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<p style="margin: 0pt; text-align: center;"><font style="font-size: 8pt;"><font style="font-family: 'Century Gothic'; font-weight: bold; line-height: inherit;">Date of</font><font style="font-family: 'Century Gothic'; font-weight: bold; line-height: inherit;"> the</font><font style="font-family: 'Century Gothic'; font-weight: bold; line-height: inherit;"> first term</font></font></p>











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<p style="margin: 0pt;"><font style="font-size: 8pt;"><font style="font-family: 'Century Gothic'; line-height: inherit;">Flavio C</font><font style="font-family: 'Century Gothic'; line-height: inherit;">e</font><font style="font-family: 'Century Gothic'; line-height: inherit;">sar Maia</font> <font style="font-family: 'Century Gothic'; line-height: inherit;">Luz</font></font></p>











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<p style="margin: 0pt; text-align: center;"><font style="font-size: 8pt;"><font style="font-family: 'Century Gothic'; line-height: inherit;">0</font><font style="font-family: 'Century Gothic'; line-height: inherit;">7/</font><font style="font-family: 'Century Gothic'; line-height: inherit;">2</font><font style="font-family: 'Century Gothic'; line-height: inherit;">7/1951</font></font></p>











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<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">Engineer</font></p>











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<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">636.622.138-34</font></p>











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<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">Male</font></p>











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<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">White</font></p>











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<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">Member of the Fiscal Council (effective)</font></p>











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<p style="margin: 0pt; text-align: center;"><font style="font-size: 8pt;"><font style="font-family: 'Century Gothic'; line-height: inherit;">04</font><font style="font-family: 'Century Gothic'; line-height: inherit;">/</font><font style="font-family: 'Century Gothic'; line-height: inherit;">17</font><font style="font-family: 'Century Gothic'; line-height: inherit;">/2024</font></font></p>











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<p style="margin: 0pt; text-align: center;"><font style="font-size: 8pt;"><font style="font-family: 'Century Gothic'; line-height: inherit;">Up to 202</font><font style="font-family: 'Century Gothic'; line-height: inherit;">5 </font><font style="font-family: 'Century Gothic'; line-height: inherit;">AGM</font></font></p>











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<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">See table below</font></p>











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<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">No</font></p>











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<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">3</font></p>











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<p style="margin: 0pt; text-align: center;"><font style="font-size: 8pt;"><font style="font-family: 'Century Gothic'; line-height: inherit;">2021</font><font style="font-family: 'Century Gothic'; line-height: inherit;"> AGM</font></font></p>











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<p style="margin: 0pt;"><font style="font-size: 8pt;"><font style="font-family: 'Century Gothic'; line-height: inherit;">M&#225;rcio Augustus</font> <font style="font-family: 'Century Gothic'; line-height: inherit;">Ribeiro</font></font></p>











</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 26px;">
<p style="margin: 0pt; text-align: center;"><font style="font-size: 8pt;"><font style="font-family: 'Century Gothic'; line-height: inherit;">1</font><font style="font-family: 'Century Gothic'; line-height: inherit;">2/2</font><font style="font-family: 'Century Gothic'; line-height: inherit;">7</font><font style="font-family: 'Century Gothic'; line-height: inherit;">/1954</font></font></p>











</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 26px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">Engineer</font></p>











</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 26px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">006.211.088-80</font></p>











</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 26px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">Male </font></p>











</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 26px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">White</font></p>











</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 26px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">Member of the Fiscal Council (alternate)</font></p>











</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 26px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">04/17/2024</font></p>











</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 26px;">
<p style="margin: 0pt; text-align: center;"><font style="font-size: 8pt;"><font style="font-family: 'Century Gothic'; line-height: inherit;">Up to 202</font><font style="font-family: 'Century Gothic'; line-height: inherit;">5 </font><font style="font-family: 'Century Gothic'; line-height: inherit;">AGM</font></font></p>











</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 26px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">See table below</font></p>











</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 26px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">No</font></p>











</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 26px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">17</font></p>











</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 26px;">
<p style="margin: 0pt; text-align: center;"><font style="font-size: 8pt;"><font style="font-family: 'Century Gothic'; line-height: inherit;">2007</font><font style="font-family: 'Century Gothic'; line-height: inherit;"> AGM</font></font></p>











</td>











</tr>
<tr style="height: 26px;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 26px;">
<p style="margin: 0pt;"><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">&#201;lcio Arsenio Mattioli</font></p>











</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 26px;">
<p style="margin: 0pt; text-align: center;"><font style="font-size: 8pt;"><font style="font-family: 'Century Gothic'; line-height: inherit;">06</font><font style="font-family: 'Century Gothic'; line-height: inherit;">/</font><font style="font-family: 'Century Gothic'; line-height: inherit;">23</font><font style="font-family: 'Century Gothic'; line-height: inherit;">/1970</font></font></p>











</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 26px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">Accountant</font></p>











</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 26px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">094.477.978-65</font></p>











</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 26px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">Male</font></p>











</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 26px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">White</font></p>











</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 26px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">Member of the Fiscal Council (effective)</font></p>











</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 26px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">04/17/2024</font></p>











</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 26px;">
<p style="margin: 0pt; text-align: center;"><font style="font-size: 8pt;"><font style="font-family: 'Century Gothic'; line-height: inherit;">Up to 202</font><font style="font-family: 'Century Gothic'; line-height: inherit;">5 </font><font style="font-family: 'Century Gothic'; line-height: inherit;">AGM</font></font></p>











</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 26px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">See table below</font></p>











</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 26px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">No</font></p>











</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 26px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">1</font></p>











</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 26px;">
<p style="margin: 0pt; text-align: center;"><font style="font-size: 8pt;"><font style="font-family: 'Century Gothic'; line-height: inherit;">2023</font><font style="font-family: 'Century Gothic'; line-height: inherit;"> AGM</font></font></p>











</td>











</tr>
<tr style="height: 11px;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 11px;">
<p style="margin: 0pt;"><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">Pedro Ozires Predeus</font></p>











</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 11px;">
<p style="margin: 0pt; text-align: center;"><font style="font-size: 8pt;"><font style="font-family: 'Century Gothic'; line-height: inherit;">0</font><font style="font-family: 'Century Gothic'; line-height: inherit;">5</font><font style="font-family: 'Century Gothic'; line-height: inherit;">/0</font><font style="font-family: 'Century Gothic'; line-height: inherit;">4</font><font style="font-family: 'Century Gothic'; line-height: inherit;">/1944</font></font></p>











</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 11px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">Accountant</font></p>











</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 11px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">005.474.508-00</font></p>











</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 11px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">Male</font></p>











</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 11px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">White</font></p>











</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 11px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">Member of the Fiscal Council (alternate)</font></p>











</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 11px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">04/17/2024</font></p>











</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 11px;">
<p style="margin: 0pt; text-align: center;"><font style="font-size: 8pt;"><font style="font-family: 'Century Gothic'; line-height: inherit;">Up to 202</font><font style="font-family: 'Century Gothic'; line-height: inherit;">5 </font><font style="font-family: 'Century Gothic'; line-height: inherit;">AGM</font></font></p>











</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 11px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">See table below</font></p>











</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 11px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">No</font></p>











</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 11px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">18</font></p>











</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 11px;">
<p style="margin: 0pt; text-align: center;"><font style="font-size: 8pt;"><font style="font-family: 'Century Gothic'; line-height: inherit;">2006</font><font style="font-family: 'Century Gothic'; line-height: inherit;"> AGM</font></font></p>











</td>











</tr>
<tr style="height: 10px;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px;">
<p style="margin: 0pt;"><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">Marcelo Gon&#231;alves Farinha</font></p>











</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="font-size: 8pt;"><font style="font-family: 'Century Gothic'; line-height: inherit;">0</font><font style="font-family: 'Century Gothic'; line-height: inherit;">2/2</font><font style="font-family: 'Century Gothic'; line-height: inherit;">2</font><font style="font-family: 'Century Gothic'; line-height: inherit;">/1965</font></font></p>











</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="font-size: 8pt;"><font style="font-family: 'Century Gothic'; line-height: inherit;">Insurance</font><font style="font-family: 'Century Gothic'; line-height: inherit;"> professional</font></font></p>











</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">063.750.328-73</font></p>











</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">Male</font></p>











</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">White</font></p>











</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">Member of the Fiscal Council (effective)</font></p>











</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">04/17/2024</font></p>











</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="font-size: 8pt;"><font style="font-family: 'Century Gothic'; line-height: inherit;">Up to 202</font><font style="font-family: 'Century Gothic'; line-height: inherit;">5 </font><font style="font-family: 'Century Gothic'; line-height: inherit;">AGM</font></font></p>











</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">See table below</font></p>











</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">No</font></p>











</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">1</font></p>











</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="font-size: 8pt;"><font style="font-family: 'Century Gothic'; line-height: inherit;">2023</font><font style="font-family: 'Century Gothic'; line-height: inherit;"> AGM</font></font></p>











</td>











</tr>
<tr style="height: 10px;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 19%; height: 10px;">
<p style="margin: 0pt;"><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">Luiz Claudio Moraes</font></p>











</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 8%; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="font-size: 8pt;"><font style="font-family: 'Century Gothic'; line-height: inherit;">0</font><font style="font-family: 'Century Gothic'; line-height: inherit;">1/</font><font style="font-family: 'Century Gothic'; line-height: inherit;">1</font><font style="font-family: 'Century Gothic'; line-height: inherit;">2</font><font style="font-family: 'Century Gothic'; line-height: inherit;">/1962</font></font></p>











</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 7%; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="font-size: 8pt;"><font style="font-family: 'Century Gothic'; line-height: inherit;">E</font><font style="font-family: 'Century Gothic'; line-height: inherit;">con</font><font style="font-family: 'Century Gothic'; line-height: inherit;">omist</font></font></p>











</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 7%; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">024.878.528-10</font></p>











</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 6%; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">Male</font></p>











</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 5%; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">White</font></p>











</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 10%; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">Member of the Fiscal Council (alternate)</font></p>











</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 7%; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">04/17/2024</font></p>











</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 7%; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="font-size: 8pt;"><font style="font-family: 'Century Gothic'; line-height: inherit;">Up to 202</font><font style="font-family: 'Century Gothic'; line-height: inherit;">5 </font><font style="font-family: 'Century Gothic'; line-height: inherit;">AGM</font></font></p>











</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 6%; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">See table below</font></p>











</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 6%; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">No</font></p>











</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 6%; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">0</font></p>











</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 6%; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="font-size: 8pt;"><font style="font-family: 'Century Gothic'; line-height: inherit;">N</font><font style="font-family: 'Century Gothic'; line-height: inherit;">/</font><font style="font-family: 'Century Gothic'; line-height: inherit;">A</font></font></p>











</td>











</tr>























</table>
<p style="margin: 0px; text-align: justify; line-height: 1.2; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>
<p style="font-size: 9pt; line-height: 1.2; margin: 0pt 0pt 0pt 7.1pt; text-align: justify; text-indent: 0pt;"><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">The Company informs that all members now appointed to the Fiscal Council are considered independent members, pursuant to article 162 and paragraphs of the Brazilian Corporate Law.</font></p>








</div>
<p style="margin: 0pt; line-height: 1.2;"><font style="font-family: 'Times New Roman'; font-size: 12pt; line-height: inherit;">&nbsp; &nbsp;</font></p>
<div>
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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'>74</font></font></td>



</tr>







</table>
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<p style="font-size: 9pt; line-height: 115%; margin: 0pt 0pt 6pt 18pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold; line-height: inherit;">&nbsp;&nbsp;</font></p>
<p style="font-size: 9pt; line-height: 115%; margin: 0pt 0pt 6pt 18pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold; line-height: inherit;">l. </font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold; text-decoration: underline; line-height: inherit;">Main professional experiences over the last 5 years</font></p>
<p style="font-size: 9pt; line-height: 115%; margin: 0px; text-align: justify; text-indent: 0px;"><br></p>
<h1 style="font-size: 9pt; line-height: 120%; margin: 0pt 0pt 0pt 50.2pt; orphans: 0; text-indent: -18pt; widows: 0;"><font style="font-family: Wingdings; font-size: 9pt; font-weight: bold; line-height: inherit;">&#61558;</font><font style="font-style: normal; font-variant: normal; font-kerning: auto; font-optical-sizing: auto; font-feature-settings: normal; font-variation-settings: normal; font-weight: normal; font-stretch: normal; font-size: 7pt; line-height: inherit; font-family: 'Times New Roman';">&nbsp;&nbsp;&nbsp;&nbsp; </font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold; line-height: inherit;">Fiscal Council (effective members)</font></h1>
<p style="margin: 6pt 0pt 12pt;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold; line-height: inherit;">Flavio C</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold; line-height: inherit;">e</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold; line-height: inherit;">sar Maia Luz</font> </p>
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<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; border-image: initial; height: 10px; width: 22.9986%; border-width: 1px; border-color: #000000 !important; border-style: solid;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Century Gothic'; font-size: 8pt; font-weight: bold; line-height: inherit;">Company</font></p>











</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; border-image: initial; height: 10px; width: 28.019%; border-width: 1px; border-color: #000000 !important; border-style: solid;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Century Gothic'; font-size: 8pt; font-weight: bold; line-height: inherit;">Position</font></p>











</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; border-image: initial; height: 10px; width: 22.9986%; border-width: 1px; border-color: #000000 !important; border-style: solid;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Century Gothic'; font-size: 8pt; font-weight: bold; line-height: inherit;">Main activity of the company</font></p>











</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; border-image: initial; height: 10px; width: 25.9837%; border-width: 1px; border-color: #000000 !important; border-style: solid;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Century Gothic'; font-size: 8pt; font-weight: bold; line-height: inherit;">Company is part of the issuer&#8217;s economic group or is controlled by a shareholder that holds a direct or indirect stake equal to or greater than 5%</font></p>











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<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; border-image: initial; width: 22.9986%; height: 10px; border-width: 1px; border-color: #000000 !important; border-style: solid;">
<p style="margin: 0pt;"><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">Ultrapar Participa&#231;&#245;es S.A.</font></p>











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<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; border-image: initial; width: 28.019%; height: 10px; border-width: 1px; border-color: #000000 !important; border-style: solid;">
<ul>
<li style="font-family: Symbol; font-size: 8pt; margin: 0pt 0pt 0pt 7.15pt; text-indent: 0pt;"><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">Chairman of the Fiscal Council (2021 &#8211; current)</font></li>
<li style="font-family: Symbol; font-size: 8pt; margin: 0pt 0pt 0pt 7.15pt; text-indent: 0pt;"><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">Coordinator of the Audit and Risks Committee (2019 &#8211; 2021)</font></li>
<li style="font-family: Symbol; font-size: 8pt; margin: 0pt 0pt 0pt 7.15pt; text-indent: 0pt;"><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">Chairman of the Fiscal Council (2005 &#8211; 2019)</font></li>











</ul>











</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; border-image: initial; width: 22.9986%; height: 10px; border-width: 1px; border-color: #000000 !important; border-style: solid;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">Group operating in energ</font><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">y, mobility and logistics infrastructure</font></p>











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<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; border-image: initial; width: 25.9837%; height: 10px; border-width: 1px; border-color: #000000 !important; border-style: solid;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">Yes</font></p>











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<p style="margin: 0pt;"><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">Fertilizantes Heringer S.A.</font></p>











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<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; border-image: initial; height: 10px; width: 28.019%; border-width: 1px; border-color: #000000 !important; border-style: solid;">
<ul>
<li style="font-family: Symbol; font-size: 8pt; margin: 0pt 0pt 0pt 7.15pt; text-indent: 0pt;"><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">Member of the Board of Directors and Audit Committee Coordinator (20</font><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">22</font><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;"> &#8211; current)</font></li>











</ul>











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<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; border-image: initial; height: 10px; width: 22.9986%; border-width: 1px; border-color: #000000 !important; border-style: solid;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">Engagement in the formulation of basic and special fertilizers</font></p>











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<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; border-image: initial; height: 10px; width: 25.9837%; border-width: 1px; border-color: #000000 !important; border-style: solid;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">No</font></p>











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<p style="margin: 0pt;"><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">Livetech Ind&#250;stria e Com&#233;rcio S.A.</font></p>











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<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; border-image: initial; height: 10px; width: 28.019%; border-width: 1px; border-color: #000000 !important; border-style: solid;">
<ul>
<li style="font-family: Symbol; font-size: 8pt; margin: 0pt 0pt 0pt 7.15pt; text-indent: 0pt;"><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">Member of the Board of Directors and Audit Committee Coordinator (2021 &#8211; current)</font></li>











</ul>











</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; border-image: initial; height: 10px; width: 22.9986%; border-width: 1px; border-color: #000000 !important; border-style: solid;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">Technology company for data communication, security, energy and automation infrastructure</font></p>











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<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; border-image: initial; height: 10px; width: 25.9837%; border-width: 1px; border-color: #000000 !important; border-style: solid;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">No</font></p>











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<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; border-image: initial; height: 39px; width: 22.9986%; border-width: 1px; border-color: #000000 !important; border-style: solid;">
<p style="margin: 0pt;"><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">Serena Energia S.A. </font><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">(old </font><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">Omega Gera&#231;&#227;o S.A.</font><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">)</font></p>











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<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; border-image: initial; height: 39px; width: 28.019%; border-width: 1px; border-color: #000000 !important; border-style: solid;">
<ul>
<li style="font-family: Symbol; font-size: 8pt; margin: 0pt 0pt 0pt 7.15pt; text-indent: 0pt;"><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">Member of the Audit Committee (2021 &#8211; current)</font></li>











</ul>











</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; border-image: initial; height: 39px; width: 22.9986%; border-width: 1px; border-color: #000000 !important; border-style: solid;">
<p style="margin: 0pt; text-align: center; text-indent: 0.2pt;"><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">C</font><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">ompan</font><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">y</font> <font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">in the e</font><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">nergy segment</font></p>











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<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; border-image: initial; height: 39px; width: 25.9837%; border-width: 1px; border-color: #000000 !important; border-style: solid;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">No</font></p>











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<tr style="height: 39px;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; border-image: initial; height: 39px; width: 22.9986%; border-width: 1px; border-color: #000000 !important; border-style: solid;">
<p style="margin: 0pt;"><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">CTC &#8211; Centro de Tecnologia Canavieira</font></p>











</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; border-image: initial; height: 39px; width: 28.019%; border-width: 1px; border-color: #000000 !important; border-style: solid;">
<ul>
<li style="font-family: Symbol; font-size: 8pt; margin: 0pt 0pt 0pt 7.15pt; text-indent: 0pt;"><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">Member of the Audit Committee (2021 &#8211; current)</font></li>











</ul>











</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; border-image: initial; height: 39px; width: 22.9986%; border-width: 1px; border-color: #000000 !important; border-style: solid;">
<p style="margin: 0pt; text-align: center; text-indent: 0.2pt;"><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">Company operating in the development and integration of disruptive technologies in the sugar-</font><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">based </font><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">energy industry</font></p>











</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; border-image: initial; height: 39px; width: 25.9837%; border-width: 1px; border-color: #000000 !important; border-style: solid;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">No</font></p>











</td>











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<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; border-image: initial; height: 52px; width: 22.9986%; border-width: 1px; border-color: #000000 !important; border-style: solid;">
<p style="margin: 0pt;"><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">Ser Educacional S.A.</font></p>











</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; border-image: initial; height: 52px; width: 28.019%; border-width: 1px; border-color: #000000 !important; border-style: solid;">
<ul>
<li style="font-family: Symbol; font-size: 8pt; margin: 0pt 0pt 0pt 7.15pt; text-indent: 0pt;"><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">Member of the Board of Directors and Coordinator of the Audit Committee (2010 &#8211; current)</font></li>











</ul>











</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; border-image: initial; height: 52px; width: 22.9986%; border-width: 1px; border-color: #000000 !important; border-style: solid;">
<p style="margin: 0pt; text-align: center; text-indent: 0.2pt;"><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">Conglomerate of universities and educational institutions dedicated to higher education, postgraduate and technical courses</font></p>











</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; border-image: initial; height: 52px; width: 25.9837%; border-width: 1px; border-color: #000000 !important; border-style: solid;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">No</font></p>











</td>











</tr>
<tr style="height: 39px;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; border-image: initial; height: 39px; width: 22.9986%; border-width: 1px; border-color: #000000 !important; border-style: solid;">
<p style="margin: 0pt;"><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">Linx S.A.</font></p>











</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; border-image: initial; height: 39px; width: 28.019%; border-width: 1px; border-color: #000000 !important; border-style: solid;">
<ul>
<li style="font-family: Symbol; font-size: 8pt; margin: 0pt 0pt 0pt 7.15pt; text-indent: 0pt;"><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">Chairman of the Fiscal Council (2</font><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">018 &#8211; 2021)</font></li>











</ul>











</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; border-image: initial; height: 39px; width: 22.9986%; border-width: 1px; border-color: #000000 !important; border-style: solid;">
<p style="margin: 0pt; text-align: center; text-indent: 0.2pt;"><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">Company dedicated to the production and management of software</font><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">s</font><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;"> and payment methods for retail</font></p>











</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; border-image: initial; height: 39px; width: 25.9837%; border-width: 1px; border-color: #000000 !important; border-style: solid;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">No</font></p>











</td>











</tr>
<tr style="height: 39px;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; border-image: initial; height: 39px; width: 22.9986%; border-width: 1px; border-color: #000000 !important; border-style: solid;">
<p style="margin: 0pt;"><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">Dexco S.A. </font><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">(old </font><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">Duratex S.A.</font><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">)</font></p>











</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; border-image: initial; height: 39px; width: 28.019%; border-width: 1px; border-color: #000000 !important; border-style: solid;">
<ul>
<li style="font-family: Symbol; font-size: 8pt; margin: 0pt 0pt 0pt 7.15pt; text-indent: 0pt;"><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">Chairman of the Fiscal Council (2018 &#8211; 2019)</font></li>











</ul>











</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; border-image: initial; height: 39px; width: 22.9986%; border-width: 1px; border-color: #000000 !important; border-style: solid;">
<p style="margin: 0pt; text-align: center; text-indent: 0.2pt;"><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">Industry producing wood panels and building materials</font></p>











</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; border-image: initial; height: 39px; width: 25.9837%; border-width: 1px; border-color: #000000 !important; border-style: solid;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">No</font></p>











</td>











</tr>
<tr style="height: 39px;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; border-image: initial; height: 39px; width: 22.9986%; border-width: 1px; border-color: #000000 !important; border-style: solid;">
<p style="margin: 0pt;"><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">Marcopolo S.A.</font></p>











</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; border-image: initial; height: 39px; width: 28.019%; border-width: 1px; border-color: #000000 !important; border-style: solid;">
<ul>
<li style="font-family: Symbol; font-size: 8pt; margin: 0pt 0pt 0pt 7.15pt; text-indent: 0pt;"><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">Member of the Board of Directors (2016 &#8211; 2018)</font></li>











</ul>











</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; border-image: initial; height: 39px; width: 22.9986%; border-width: 1px; border-color: #000000 !important; border-style: solid;">
<p style="margin: 0pt; text-align: center; text-indent: 0.2pt;"><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">Industry dedicated to the production of bus bodies, in Brazil and abroad</font></p>











</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; border-image: initial; height: 39px; width: 25.9837%; border-width: 1px; border-color: #000000 !important; border-style: solid;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">No</font></p>











</td>











</tr>
<tr style="height: 48px;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; border-image: initial; height: 48px; width: 22.9986%; border-width: 1px; border-color: #000000 !important; border-style: solid;">
<p style="margin: 0pt;"><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">Ita&#250;sa S.A.</font></p>











</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; border-image: initial; height: 48px; width: 28.019%; border-width: 1px; border-color: #000000 !important; border-style: solid;">
<ul>
<li style="font-family: Symbol; font-size: 8pt; margin: 0pt 0pt 0pt 7.15pt; text-indent: 0pt;"><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">Member of the Fiscal Council (2014 &#8211; 2020)</font></li>











</ul>











</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; border-image: initial; height: 48px; width: 22.9986%; border-width: 1px; border-color: #000000 !important; border-style: solid;">
<p style="margin: 0pt; text-align: center; text-indent: 0.2pt;"><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">Holding company operating in the financial and industrial sector</font></p>











</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; border-image: initial; height: 48px; width: 25.9837%; border-width: 1px; border-color: #000000 !important; border-style: solid;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">No</font></p>
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">&nbsp;</font></p>











</td>











</tr>
<tr style="height: 39px;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; border-image: initial; height: 39px; width: 22.9986%; border-width: 1px; border-color: #000000 !important; border-style: solid;">
<p style="margin: 0pt;"><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">CTE</font><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">EP S.A.</font></p>











</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; border-image: initial; height: 39px; width: 28.019%; border-width: 1px; border-color: #000000 !important; border-style: solid;">
<ul>
<li style="font-family: Symbol; font-size: 8pt; margin: 0pt 0pt 0pt 7.15pt; text-indent: 0pt;"><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">Member of the Fiscal Council (2012 &#8211; 2020)</font></li>











</ul>











</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; border-image: initial; height: 39px; width: 22.9986%; border-width: 1px; border-color: #000000 !important; border-style: solid;">
<p style="margin: 0pt; text-align: center; text-indent: 0.2pt;"><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">Company operating in the energy transmission segment</font></p>











</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; border-image: initial; height: 39px; width: 25.9837%; border-width: 1px; border-color: #000000 !important; border-style: solid;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">No</font></p>











</td>











</tr>
<tr style="height: 39px;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; border-image: initial; height: 39px; width: 22.9986%; border-width: 1px; border-color: #000000 !important; border-style: solid;">
<p style="margin: 0pt;"><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">Brasanitas Empresa Brasileira de Saneamento Ltda.</font></p>











</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; border-image: initial; height: 39px; width: 28.019%; border-width: 1px; border-color: #000000 !important; border-style: solid;">
<ul>
<li style="font-family: Symbol; font-size: 8pt; margin: 0pt 0pt 0pt 7.15pt; text-indent: 0pt;"><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">Member of the Advisory Board (2012 &#8211; current)</font></li>











</ul>











</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; border-image: initial; height: 39px; width: 22.9986%; border-width: 1px; border-color: #000000 !important; border-style: solid;">
<p style="margin: 0pt; text-align: center; text-indent: 0.2pt;"><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">Company operating in the facilities services sector</font></p>











</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; border-image: initial; height: 39px; width: 25.9837%; border-width: 1px; border-color: #000000 !important; border-style: solid;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">No</font></p>











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</tr>























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<p style="margin: 0px; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold; line-height: inherit;">&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'>75</font></font></td>









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<div style="width: 8.5in; margin: 0 auto;">
<p style="margin: 6pt 0pt 12pt;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold; line-height: inherit;">&#201;lcio Arsenio Mattioli</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold; line-height: inherit;">&nbsp; </font></p>
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<tr style="height: 22px;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; border-image: initial; height: 22px; border-width: 1px; border-color: #000000 !important; border-style: solid;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Century Gothic'; font-size: 8pt; font-weight: bold; line-height: inherit;">Company</font></p>











</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; border-image: initial; height: 22px; border-width: 1px; border-color: #000000 !important; border-style: solid;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Century Gothic'; font-size: 8pt; font-weight: bold; line-height: inherit;">Position</font></p>











</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; border-image: initial; height: 22px; border-width: 1px; border-color: #000000 !important; border-style: solid;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Century Gothic'; font-size: 8pt; font-weight: bold; line-height: inherit;">Main activity of the company</font></p>











</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; border-image: initial; height: 22px; border-width: 1px; border-color: #000000 !important; border-style: solid;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Century Gothic'; font-size: 8pt; font-weight: bold; line-height: inherit;">Company is part of the issuer&#8217;s economic group or is controlled by a shareholder that holds a direct or indirect stake equal to or greater than 5%</font></p>











</td>











</tr>
<tr style="height: 16px;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 16px; width: 23%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #000000 !important; border-left-width: 1px; border-left-style: solid; border-left-color: #000000 !important;">
<p style="margin: 0pt;"><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">Ultrapar Participa&#231;&#245;es S.A.</font></p>











</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; border-image: initial; height: 16px; width: 28%; border-width: 1px; border-color: #000000 !important; border-style: solid;">
<ul>
<li style="font-family: Symbol; font-size: 8pt; margin: 0pt 0pt 0pt 7.15pt; text-indent: 0pt;"><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">Memb</font><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">er of the Fiscal Council </font><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">(2023 - </font><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">current</font><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">)</font></li>











</ul>











</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; border-image: initial; height: 16px; width: 23%; border-width: 1px; border-color: #000000 !important; border-style: solid;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">Group operating in energy, mobility and logistics infrastructure</font></p>











</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; border-image: initial; height: 16px; width: 26%; border-width: 1px; border-color: #000000 !important; border-style: solid;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">Yes</font></p>











</td>











</tr>
<tr style="height: 39px;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 39px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #000000 !important; border-left-width: 1px; border-left-style: solid; border-left-color: #000000 !important;">
<p style="margin: 0pt;"><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">Ultraprev - Associa&#231;&#227;o de previd&#234;ncia complementar</font></p>











</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; border-image: initial; height: 39px; border-width: 1px; border-color: #000000 !important; border-style: solid;">
<ul>
<li style="font-family: Symbol; font-size: 8pt; margin: 0pt 0pt 0pt 7.15pt; text-indent: 0pt;"><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">Member of the Fiscal Council (2017 &#8211; current)</font></li>











</ul>











</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; border-image: initial; height: 39px; border-width: 1px; border-color: #000000 !important; border-style: solid;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">Supplementary pension association</font></p>











</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; border-image: initial; height: 39px; border-width: 1px; border-color: #000000 !important; border-style: solid;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">No</font></p>











</td>











</tr>
<tr style="height: 39px;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 39px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #000000 !important; border-left-width: 1px; border-left-style: solid; border-left-color: #000000 !important;">
<p style="margin: 0pt;"><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">Imifarma Produtos Farmac&#234;uticos e Cosm&#233;ticos S.A.</font></p>











</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; border-image: initial; height: 39px; border-width: 1px; border-color: #000000 !important; border-style: solid;">
<ul>
<li style="font-family: Symbol; font-size: 8pt; margin: 0pt 0pt 0pt 7.15pt; text-indent: 0pt;"><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">Administration and Control </font><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">Officer </font><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">(2014 &#8211; 2022)</font></li>











</ul>











</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; border-image: initial; height: 39px; border-width: 1px; border-color: #000000 !important; border-style: solid;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">Pharmaceutical retail company</font></p>











</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; border-image: initial; height: 39px; border-width: 1px; border-color: #000000 !important; border-style: solid;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">No*</font></p>











</td>











</tr>























</table>
<p style="font-size: 9pt; line-height: 120%; margin: 6pt 0pt 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">* As announced to the market through a Material Notice on August 1st, 2022, Ultrapar Participa&#231;&#245;es S.A. concluded the sale of Imifarma Produtos Farmac&#234;uticos e Cosm&#233;ticos S.A. t</font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">o Pague Menos S.A.</font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 6pt 0pt 12pt;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold; line-height: inherit;">Marcelo Gon&#231;alves Farinha</font></p>
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<tr style="height: 41px;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; border-image: initial; height: 41px; border-width: 1px; border-color: #000000 !important; border-style: solid;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Century Gothic'; font-size: 8pt; font-weight: bold; line-height: inherit;">Company</font></p>











</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; border-image: initial; height: 41px; border-width: 1px; border-color: #000000 !important; border-style: solid;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Century Gothic'; font-size: 8pt; font-weight: bold; line-height: inherit;">Position</font></p>











</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; border-image: initial; height: 41px; border-width: 1px; border-color: #000000 !important; border-style: solid;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Century Gothic'; font-size: 8pt; font-weight: bold; line-height: inherit;">Main activity of the company</font></p>











</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; border-image: initial; height: 41px; border-width: 1px; border-color: #000000 !important; border-style: solid;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Century Gothic'; font-size: 8pt; font-weight: bold; line-height: inherit;">Company is part of the issuer&#8217;s economic group or is controlled by a shareholder that holds a direct or indirect stake equal to or greater than 5%</font></p>











</td>











</tr>
<tr style="height: 32px;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; border-image: initial; height: 32px; width: 23%; border-width: 1px; border-color: #000000 !important; border-style: solid;">
<p style="margin: 0pt;"><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">Ultrapar Participa&#231;&#245;es S.A.</font></p>











</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; border-image: initial; height: 32px; width: 28%; border-width: 1px; border-color: #000000 !important; border-style: solid;">
<ul>
<li style="font-family: Symbol; font-size: 8pt; margin: 0pt 0pt 0pt 7.15pt; text-indent: 0pt;"><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">Member of the Fiscal Council </font><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">(2023 - </font><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">current</font><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">)</font></li>











</ul>











</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; border-image: initial; height: 32px; width: 23%; border-width: 1px; border-color: #000000 !important; border-style: solid;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">Group operating in energy, mobility and logistics infrastructure</font></p>











</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; border-image: initial; height: 32px; width: 26%; border-width: 1px; border-color: #000000 !important; border-style: solid;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">Yes</font></p>











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</tr>
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<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; border-image: initial; height: 26px; border-width: 1px; border-color: #000000 !important; border-style: solid;">
<p style="margin: 0pt;"><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">HMOBI Participa&#231;&#245;es S.A.</font></p>











</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; border-image: initial; height: 26px; border-width: 1px; border-color: #000000 !important; border-style: solid;">
<ul>
<li style="font-family: Symbol; font-size: 8pt; margin: 0pt 0pt 0pt 7.15pt; text-indent: 0pt;"><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">Alternate member of the Fiscal Council (2022 &#8211; 2023)</font></li>











</ul>











</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; border-image: initial; height: 26px; border-width: 1px; border-color: #000000 !important; border-style: solid;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">Company in the infrastructure sector</font></p>











</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; border-image: initial; height: 26px; border-width: 1px; border-color: #000000 !important; border-style: solid;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">No </font></p>











</td>











</tr>
<tr style="height: 39px;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; border-image: initial; height: 39px; border-width: 1px; border-color: #000000 !important; border-style: solid;">
<p style="margin: 0pt;"><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">Federa&#231;&#227;o Nacional das Empr</font><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">esas de Capitaliza&#231;&#227;o</font></p>











</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; border-image: initial; height: 39px; border-width: 1px; border-color: #000000 !important; border-style: solid;">
<ul>
<li style="font-family: Symbol; font-size: 8pt; margin: 0pt 0pt 0pt 7.15pt; text-indent: 0pt;"><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">CEO</font><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;"> (2019-2022)</font></li>











</ul>











</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; border-image: initial; height: 39px; border-width: 1px; border-color: #000000 !important; border-style: solid;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">Insurance, social security, and capitalization</font></p>











</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; border-image: initial; height: 39px; border-width: 1px; border-color: #000000 !important; border-style: solid;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">No</font></p>











</td>











</tr>
<tr style="height: 48px;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; border-image: initial; height: 48px; border-width: 1px; border-color: #000000 !important; border-style: solid;">
<p style="margin: 0pt;"><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">Confedera&#231;&#227;o Nacional das Empresas de Seguros Gerais, Previd&#234;ncia Privada e Vida, Sa&#250;de Suplementar e Capitaliza&#231;&#227;o (CNSeg)</font></p>











</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; border-image: initial; height: 48px; border-width: 1px; border-color: #000000 !important; border-style: solid;">
<ul>
<li style="font-family: Symbol; font-size: 8pt; margin: 0pt 0pt 0pt 7.15pt; text-indent: 0pt;"><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">Vice-president (2019 &#8211; 2022)</font></li>











</ul>











</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; border-image: initial; height: 48px; border-width: 1px; border-color: #000000 !important; border-style: solid;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">Insurance, social security, and capitalization</font></p>











</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; border-image: initial; height: 48px; border-width: 1px; border-color: #000000 !important; border-style: solid;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">No</font></p>











</td>











</tr>
<tr style="height: 24px;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; border-image: initial; height: 24px; border-width: 1px; border-color: #000000 !important; border-style: solid;">
<p style="margin: 0pt;"><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">Brasilcap Capitaliza&#231;&#227;o S.A.</font></p>











</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; border-image: initial; height: 24px; border-width: 1px; border-color: #000000 !important; border-style: solid;">
<ul>
<li style="font-family: Symbol; font-size: 8pt; margin: 0pt 0pt 0pt 7.15pt; text-indent: 0pt;"><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">Commercial Director (2020 &#8211; 2022)</font></li>
<li style="font-family: Symbol; font-size: 8pt; margin: 0pt 0pt 0pt 7.15pt; text-indent: 0pt;"><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">Chief Executive Officer (2019 &#8211; 2020)</font></li>
<li style="font-family: Symbol; font-size: 8pt; margin: 0pt 0pt 0pt 7.15pt; text-indent: 0pt;"><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">Administrative, Financial, Risk</font><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">s</font><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;"> and Control </font><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">Officer</font><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;"> (2017 &#8211; 2019)</font></li>











</ul>











</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; border-image: initial; height: 24px; border-width: 1px; border-color: #000000 !important; border-style: solid;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">Capitalization company</font></p>











</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; border-image: initial; height: 24px; border-width: 1px; border-color: #000000 !important; border-style: solid;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">No</font> </p>











</td>











</tr>























</table>
<p style="margin: 0pt 0pt 6pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>
<h1 style="font-size: 9pt; line-height: 120%; margin: 0pt 0pt 0pt 50.2pt; orphans: 0; text-indent: -18pt; widows: 0;"><font style="font-family: Wingdings; font-size: 9pt; font-weight: bold; line-height: inherit;">&#61558;</font><font style="font-style: normal; font-variant: normal; font-kerning: auto; font-optical-sizing: auto; font-feature-settings: normal; font-variation-settings: normal; font-weight: normal; font-stretch: normal; font-size: 7pt; line-height: inherit; font-family: 'Times New Roman';">&nbsp;&nbsp;&nbsp;&nbsp; </font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold; line-height: inherit;">Fiscal Council (altern</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold; line-height: inherit;">ates members)</font></h1>
<p style="margin: 6pt 0pt 12pt;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold; line-height: inherit;">M</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold; line-height: inherit;">&#225;</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold; line-height: inherit;">rcio Augustus Ribeiro</font> </p>
<table cellspacing="0" cellpadding="0" style="border-collapse: collapse; margin-left: 0pt; font-family: 'times new roman'; font-size: 10pt; height: 66px; width: 100%;" width="100%">

<tr style="height: 27px;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 113.45pt; border-image: initial; height: 27px; border-width: 1px; border-color: #000000 !important; border-style: solid;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Century Gothic'; font-size: 8pt; font-weight: bold; line-height: inherit;">Company</font></p>











</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 141.75pt; border-image: initial; height: 27px; border-width: 1px; border-color: #000000 !important; border-style: solid;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Century Gothic'; font-size: 8pt; font-weight: bold; line-height: inherit;">Position</font></p>











</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 113.4pt; border-image: initial; height: 27px; border-width: 1px; border-color: #000000 !important; border-style: solid;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Century Gothic'; font-size: 8pt; font-weight: bold; line-height: inherit;">Main activity of the company</font></p>











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<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 133.25pt; border-image: initial; height: 27px; border-width: 1px; border-color: #000000 !important; border-style: solid;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Century Gothic'; font-size: 8pt; font-weight: bold; line-height: inherit;">Company is part of the issuer&#8217;s economic group or is controlled by a shareholder that holds a direct or indirect stake equal to or greater than 5%</font></p>











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<tr style="height: 39px;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 113.45pt; height: 39px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #000000 !important; border-left-width: 1px; border-left-style: solid; border-left-color: #000000 !important;">
<p style="margin: 0pt;"><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">Ultrapar Participa&#231;&#245;es S.A.</font></p>











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<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 141.75pt; border-image: initial; height: 39px; border-width: 1px; border-color: #000000 !important; border-style: solid;">
<ul>
<li style="font-family: Symbol; font-size: 8pt; margin: 0pt 0pt 0pt 7.15pt; text-indent: 0pt;"><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">Alternate member of the Fiscal Council (2007 &#8211; current)</font></li>











</ul>











</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 113.4pt; border-image: initial; height: 39px; border-width: 1px; border-color: #000000 !important; border-style: solid;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">Group operating in energy, mobility and logistics infrastructure</font></p>











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<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 133.25pt; border-image: initial; height: 39px; border-width: 1px; border-color: #000000 !important; border-style: solid;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">Yes</font></p>











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<p style="margin: 6pt 0pt 0pt;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold; line-height: inherit;">&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'>76</font></font></td>









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<p style="margin: 0px; text-indent: 0px;"><br></p>
<p style="margin: 0pt 0pt 12pt; text-indent: 0pt;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold; line-height: inherit;">Pedro Ozires Predeus</font> </p>
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<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Century Gothic'; font-size: 8pt; font-weight: bold; line-height: inherit;">Company</font></p>











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<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; border-image: initial; height: 10px; border-width: 1px; border-color: #000000 !important; border-style: solid;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Century Gothic'; font-size: 8pt; font-weight: bold; line-height: inherit;">Position</font></p>











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<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; border-image: initial; height: 10px; border-width: 1px; border-color: #000000 !important; border-style: solid;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Century Gothic'; font-size: 8pt; font-weight: bold; line-height: inherit;">Main activity of the company</font></p>











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<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; border-image: initial; height: 10px; border-width: 1px; border-color: #000000 !important; border-style: solid;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Century Gothic'; font-size: 8pt; font-weight: bold; line-height: inherit;">Company is part of the issuer&#8217;s economic group or is controlled by a shareho</font><font style="font-family: 'Century Gothic'; font-size: 8pt; font-weight: bold; line-height: inherit;">lder that holds a direct or indirect stake equal to or greater than 5%</font></p>











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<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 39px; width: 23%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #000000 !important; border-left-width: 1px; border-left-style: solid; border-left-color: #000000 !important;">
<p style="margin: 0pt;"><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">Ultrapar Participa&#231;&#245;es S.A.</font></p>











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<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; border-image: initial; height: 39px; width: 28%; border-width: 1px; border-color: #000000 !important; border-style: solid;">
<ul>
<li style="font-family: Symbol; font-size: 8pt; margin: 0pt 0pt 0pt 7.15pt; text-indent: 0pt;"><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">Alternate member of the Fiscal Council (2006 &#8211; current)</font></li>











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<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; border-image: initial; height: 39px; width: 23%; border-width: 1px; border-color: #000000 !important; border-style: solid;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">Group operating in energy, mobility and logistics infrastructure</font></p>











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<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; border-image: initial; height: 39px; width: 26%; border-width: 1px; border-color: #000000 !important; border-style: solid;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">Yes</font></p>











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<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #000000 !important; border-left-width: 1px; border-left-style: solid; border-left-color: #000000 !important;">
<p style="margin: 0pt;"><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">ABRASCA &#8211; Associa&#231;&#227;o Brasileira de Companhias Abertas</font><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">&nbsp;</font></p>











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<ul>
<li style="font-family: Symbol; font-size: 8pt; margin: 0pt 0pt 0pt 7.15pt; text-indent: 0pt;"><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">Evaluator of the ABRASCA Award for the Best Annual Report</font> <font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">(2012</font><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">&nbsp;</font><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">&#8211; 2022)</font></li>











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<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">Non-profit association for the defense of publicly&nbsp;</font><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">traded companies</font></p>











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<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; border-image: initial; height: 10px; border-width: 1px; border-color: #000000 !important; border-style: solid;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">No</font></p>











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<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; border-image: initial; height: 39px; border-width: 1px; border-color: #000000 !important; border-style: solid;">
<p style="margin: 0pt;"><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">Instituto Brasileiro de Governan&#231;a Corporativa IBGC</font></p>











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<ul>
<li style="font-family: Symbol; font-size: 8pt; margin: 0pt 0pt 0pt 7.15pt; text-indent: 0pt;"><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">Associate member (2004 &#8211; current)</font></li>











</ul>











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<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; border-image: initial; height: 39px; border-width: 1px; border-color: #000000 !important; border-style: solid;">
<p style="margin: 0pt; text-align: center; text-indent: 0.2pt;"><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">Activities of member organizations </font><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">related to education, culture, art and defense of social rights </font></p>











</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; border-image: initial; height: 39px; border-width: 1px; border-color: #000000 !important; border-style: solid;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">No</font></p>











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<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 39px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #000000 !important; border-left-width: 1px; border-left-style: solid; border-left-color: #000000 !important;">
<p style="margin: 0pt;"><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">Alma Cl&#237;nica de Doen&#231;as Nervosas S/S Ltda.</font></p>











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<li style="font-family: Symbol; font-size: 8pt; margin: 0pt 0pt 0pt 7.15pt; text-indent: 0pt;"><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">Financial A</font><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">dministrative Officer (2013 &#8211; current)</font></li>











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</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; border-image: initial; height: 39px; border-width: 1px; border-color: #000000 !important; border-style: solid;">
<p style="margin: 0pt; text-align: center; text-indent: 0.2pt;"><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">Family medical clinic</font></p>











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<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; border-image: initial; height: 39px; border-width: 1px; border-color: #000000 !important; border-style: solid;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">No</font></p>











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</table>
<p style="margin: 0px; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 6pt 0pt 12pt;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold; line-height: inherit;">Luiz Claudio Moraes</font> </p>
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<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 113.45pt; border-image: initial; height: 34px; border-width: 1px; border-color: #000000 !important; border-style: solid;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Century Gothic'; font-size: 8pt; font-weight: bold; line-height: inherit;">Company</font></p>











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<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 141.75pt; border-image: initial; height: 34px; border-width: 1px; border-color: #000000 !important; border-style: solid;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Century Gothic'; font-size: 8pt; font-weight: bold; line-height: inherit;">Position</font></p>











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<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 113.4pt; border-image: initial; height: 34px; border-width: 1px; border-color: #000000 !important; border-style: solid;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Century Gothic'; font-size: 8pt; font-weight: bold; line-height: inherit;">Main activity of the company</font></p>











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<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 133.25pt; border-image: initial; height: 34px; border-width: 1px; border-color: #000000 !important; border-style: solid;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Century Gothic'; font-size: 8pt; font-weight: bold; line-height: inherit;">Company is part of the issuer&#8217;s economic group or is controlled by a shareholder that holds a direct or indirect stake equal to or greater than 5%</font></p>











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<tr style="height: 24px;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 113.45pt; height: 24px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #000000 !important; border-left-width: 1px; border-left-style: solid; border-left-color: #000000 !important;">
<p style="margin: 0pt;"><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">BB Seguros</font></p>











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<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 141.75pt; border-image: initial; height: 24px; border-width: 1px; border-color: #000000 !important; border-style: solid;">
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<li style="font-family: Symbol; font-size: 8pt; margin: 0pt 0pt 0pt 7.15pt; text-indent: 0pt;"><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">Memb</font><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">er of the</font>&nbsp;<font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">Elegibili</font><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">ty</font> <font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">Committe</font><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">e</font> <font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">(2017 -</font><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;"> atual)</font></li>
<li style="font-family: Symbol; font-size: 8pt; margin: 0pt 0pt 0pt 7.15pt; text-indent: 0pt;"><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">Coordinator and m</font><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">ember of the Audit Committee </font><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">(2017 &#8211; current)</font></li>











</ul>











</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 113.4pt; border-image: initial; height: 24px; border-width: 1px; border-color: #000000 !important; border-style: solid;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">Engagement in insurance and supplementary retirement plans</font></p>











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<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 133.25pt; border-image: initial; height: 24px; border-width: 1px; border-color: #000000 !important; border-style: solid;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">No</font></p>











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<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 113.45pt; height: 39px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #000000 !important; border-left-width: 1px; border-left-style: solid; border-left-color: #000000 !important;">
<p style="margin: 0pt;"><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">FIEP &#8211; Federa&#231;&#227;o das Ind&#250;strias do Estado do Paran&#225; </font></p>











</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 141.75pt; border-image: initial; height: 39px; border-width: 1px; border-color: #000000 !important; border-style: solid;">
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<li style="font-family: Symbol; font-size: 8pt; margin: 0pt 0pt 0pt 7.15pt; text-indent: 0pt;"><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">Startups</font><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;"> Advisor</font><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;"> (2022 &#8211; <font style="color: #000000; font-family: 'Century Gothic'; font-size: 10.6667px; 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; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">current</font>)</font></li>











</ul>











</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 113.4pt; border-image: initial; height: 39px; border-width: 1px; border-color: #000000 !important; border-style: solid;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">Entity of the Paran&#225; industry</font></p>











</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 133.25pt; border-image: initial; height: 39px; border-width: 1px; border-color: #000000 !important; border-style: solid;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">No</font></p>











</td>











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<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 113.45pt; height: 39px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #000000 !important; border-left-width: 1px; border-left-style: solid; border-left-color: #000000 !important;">
<p style="margin: 0pt;"><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">CEB &#8211; Companhia Energ&#233;tica de Bras&#237;lia </font></p>











</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 141.75pt; border-image: initial; height: 39px; border-width: 1px; border-color: #000000 !important; border-style: solid;">
<ul>
<li style="font-family: Symbol; font-size: 8pt; margin: 0pt 0pt 0pt 7.15pt; text-indent: 0pt;"><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">Alternate member of the Fiscal Council</font><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;"> (2023 &#8211; <font style="color: #000000; font-family: 'Century Gothic'; font-size: 10.6667px; 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; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">current</font>) </font></li>











</ul>











</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 113.4pt; border-image: initial; height: 39px; border-width: 1px; border-color: #000000 !important; border-style: solid;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">Engagement in the electric sector in the Midwest region of Brazil</font></p>











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<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 133.25pt; border-image: initial; height: 39px; border-width: 1px; border-color: #000000 !important; border-style: solid;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">No</font></p>











</td>











</tr>
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<p style="margin: 0pt;"><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">Tupy </font></p>











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<li style="font-family: Symbol; font-size: 8pt; margin: 0pt 0pt 0pt 7.15pt; text-indent: 0pt;"><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">M</font><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">ember of the Fiscal Council</font> <font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">(2021 &#8211; 2023) </font></li>











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<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">Manufacturer of high-complexity cast </font><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">iron</font></p>











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<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">No</font></p>











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<p style="margin: 0pt;"><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">SERPRO</font><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;"> - </font><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">Servi&#231;o Federal de Processamento de Dados</font></p>











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<li style="font-family: Symbol; font-size: 8pt; margin: 0pt 0pt 0pt 7.15pt; text-indent: 0pt;"><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">Member of the Audit Committee </font><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">(2018 &#8211; 2020) </font></li>











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<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">Public company providing information technology services in Brazil</font></p>











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<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">No</font></p>











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<p style="margin: 0pt;"><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">Embraer</font></p>











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<li style="font-family: Symbol; font-size: 8pt; margin: 0pt 0pt 0pt 7.15pt; text-indent: 0pt;"><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">Alternate member of the Fiscal Council</font> <font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">(2016 &#8211; 2019)</font></li>











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<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">Manufacturer of commercial, executive, agricultural, and military aircrafts</font></p>











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<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">No</font></p>











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<p style="font-size: 9pt; line-height: 1.2; margin: 0pt 0pt 6pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>
<div style="margin: 0pt; padding-left: 0pt; line-height: 1.2;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold; line-height: inherit; padding-left: 20.02pt; text-align: justify; text-indent: 0pt; margin: 0pt 0pt 6pt 0pt !important;"><font style="line-height: inherit;">m.  </font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold; text-decoration: underline; line-height: inherit;">Events that occurred during the last 5 years in relation to:</font></font></div>
<ol style="margin: 0pt; padding-left: 0pt; list-style-type: lower-roman;">
<li style="font-family: 'Century Gothic'; font-size: 9pt; font-style: normal; font-weight: normal; line-height: 115%; margin: 0pt 0pt 6pt 14pt; padding-left: 4pt; text-align: justify; text-indent: 0pt;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold; line-height: inherit;">any criminal conviction</font></li>
<li style="font-family: 'Century Gothic'; font-size: 9pt; font-style: normal; font-weight: normal; line-height: 115%; margin: 0pt 0pt 6pt 14pt; padding-left: 4pt; text-align: justify; text-indent: 0pt;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold; line-height: inherit;">any conviction in an administrative proceeding by the CVM, the Central Bank of Brazil or the Superintendence o</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold; line-height: inherit;">f Private Insurance, and the penalties </font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold; line-height: inherit;">a</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold; line-height: inherit;">pplied</font></li>
<li style="font-family: 'Century Gothic'; font-size: 9pt; font-style: normal; font-weight: normal; line-height: 115%; margin: 0pt 0pt 6pt 14pt; padding-left: 4pt; text-align: justify; text-indent: 0pt;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold; line-height: inherit;">any final and unappealable conviction, in the judicial sphere or subject to a final administrative decision, which has suspended or disqualified him</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold; line-height: inherit;">/her</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold; line-height: inherit;"> from carrying out any professional or commercial activity of any kind</font></li>











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<p style="font-size: 9pt; line-height: 1.2; margin: 0pt;"><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">The members of the </font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">Fiscal Council presented in this document informed the Company that there was no criminal conviction, conviction in an administrative proceeding by the CVM, the Central Bank of Brazil or the Su</font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">perintendence of Private Insurance, or any other judicial or administrative conviction that has suspended or disqualified them for the professional practice and/or commercial activities.</font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">&nbsp;</font></p>
<p style="font-size: 9pt; line-height: 120%; margin: 0px; text-align: justify; text-indent: 0px;"><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'>77</font></font></td>









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<h1 style="margin: 1.95pt 0pt 0pt 7.1pt; orphans: 0; text-align: justify; text-indent: 0pt; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold; line-height: inherit;">7.4.</font><font style="font-style: normal; font-variant: normal; font-kerning: auto; font-optical-sizing: auto; font-feature-settings: normal; font-variation-settings: normal; font-weight: normal; font-stretch: normal; font-size: 7pt; line-height: inherit; font-family: 'Times New Roman';">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold; line-height: inherit;">Provide th</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold; line-height: inherit;">e information mention</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold; line-height: inherit;">ed in item 7.3 in relati</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold; line-height: inherit;">on to the members of the statutory&nbsp; committe</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold; line-height: inherit;">e</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold; line-height: inherit;">s, as well as the audit</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold; line-height: inherit;">, risk, financial and compensation</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold; line-height: inherit;"> commi</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold; line-height: inherit;">ttees, even if such committees or structures are not </font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold; line-height: inherit;">statutory</font></h1>
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 12pt; line-height: inherit;">&nbsp; &nbsp;&nbsp;</font></p>
<p style="font-size: 9pt; line-height: 120%; margin: 0pt 0pt 12pt 7.1pt; text-align: justify; text-indent: 0pt;"><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">The candidates for positions on the Fiscal Council do not hold a position in any other body or committee of the Company or its subsidiaries.</font></p>
<h1 style="margin: 1.95pt 0pt 0pt 7.1pt; orphans: 0; text-align: justify; text-indent: 0pt; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold; line-height: inherit;">7.5.</font><font style="font-style: normal; font-variant: normal; font-kerning: auto; font-optical-sizing: auto; font-feature-settings: normal; font-variation-settings: normal; font-weight: normal; font-stretch: normal; font-size: 7pt; line-height: inherit; font-family: 'Times New Roman';">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold; line-height: inherit;">Marital relationship, stable union or kinship up to the second degree between:</font></h1>
<p style="margin: 0px; text-indent: 0px;">&nbsp; &nbsp; &nbsp;&nbsp;</p>
<p style="margin: 0pt 0pt 6pt 25pt; text-indent: 0pt;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold; line-height: inherit;">a.&nbsp;<font style="text-decoration: underline;">the issuer&#8217;s management</font></font></p>
<p style="margin: 0pt 0pt 12pt 25pt; text-indent: 0pt;"><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">N</font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">one.</font></p>
<p style="margin: 0pt 0pt 6pt 25pt; text-indent: 0pt;"><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;"><font style="color: #000000; font-family: 'Century Gothic'; font-size: 12px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: bold; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; line-height: inherit;">b.<font>&nbsp;</font></font><font style="color: #000000; font-family: 'Century Gothic'; font-size: 9pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: bold; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration: underline; line-height: inherit;">(i)<font>&nbsp;</font></font><font style="color: #000000; font-family: 'Century Gothic'; font-size: 9pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: bold; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration: underline; line-height: inherit;">the issuer&#8217;s officers and directors and (ii) the officers and directors of any of the issuer&#8217;s subsidiaries, whether direct or indirect</font></font></p>
<p style="font-size: 9pt; line-height: 120%; margin: 0pt 0pt 12pt 25pt; text-align: justify; text-indent: 0pt;"><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">N</font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">one.</font></p>
<p style="font-size: 9pt; line-height: 120%; margin: 0pt 0pt 6pt 25pt; text-align: justify; text-indent: 0pt;"><font style="color: #000000; font-family: 'Century Gothic'; font-size: 12px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: bold; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; line-height: inherit;">c.<font>&nbsp;</font></font><font style="color: #000000; font-family: 'Century Gothic'; font-size: 9pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: bold; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration: underline; line-height: inherit;">(i)<font>&nbsp;</font></font><font style="color: #000000; font-family: 'Century Gothic'; font-size: 9pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: bold; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration: underline; line-height: inherit;">The issuer or its subsidiaries&#8217; officers and directors, whether direct or indirect and (ii) the issuer&#8217;s direct or indirect controlling shareholders</font></p>
<p style="font-size: 9pt; line-height: 120%; margin: 0pt 0pt 12pt 25pt; text-align: justify; text-indent: 0pt;"><font style="font-size: 9pt; font-family: 'Century Gothic'; line-height: inherit;">N</font><font style="font-size: 9pt; font-family: 'Century Gothic'; line-height: inherit;">ot applicable.</font></p>
<p style="font-size: 9pt; line-height: 120%; margin: 0pt 0pt 6pt 25pt; text-align: justify; text-indent: 0pt;"><font style="color: #000000; font-family: 'Century Gothic'; font-size: 12px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: bold; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; line-height: inherit;">d.<font>&nbsp;</font></font><font style="color: #000000; font-family: 'Century Gothic'; font-size: 9pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: bold; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration: underline; line-height: inherit;">(i)<font>&nbsp;</font></font><font style="color: #000000; font-family: 'Century Gothic'; font-size: 9pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: bold; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration: underline; line-height: inherit;">the issuer&#8217;s officers and directors, and (ii) the officers and directors of any of the issuer&#8217;s controlling shareholders, whether direct or indirect</font></p>
<p style="font-size: 9pt; line-height: 120%; margin: 0pt 0pt 6pt 25pt; text-align: justify; text-indent: 0pt;"><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">N</font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">one.</font></p>
<p style="font-size: 9pt; line-height: 120%; margin: 0px; text-align: justify; text-indent: 0px;"><br></p>
<h1 style="margin: 1.95pt 0pt 0pt 7.1pt; orphans: 0; text-align: justify; text-indent: 0pt; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold; line-height: inherit;">7.6.</font><font style="font-style: normal; font-variant: normal; font-kerning: auto; font-optical-sizing: auto; font-feature-settings: normal; font-variation-settings: normal; font-weight: normal; font-stretch: normal; font-size: 7pt; line-height: inherit; font-family: 'Times New Roman';">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold; line-height: inherit;">Re</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold; line-height: inherit;">lationships of subordination, provision of services or control maintained, in the last 3 fiscal years, between the issuer's management and:</font></h1>
<p><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold; line-height: inherit;">&nbsp;&nbsp;</font></p>
<p style="margin: 0pt 0pt 6pt 25pt; text-indent: 0pt;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold; line-height: inherit;">a.&nbsp;company directly or indirectly controlled by the issuer, except for those in which the issuer directly or indirectly holds a stake equal to or greater than 99% (ninety-nine percent) of the share capital</font></p>
<p style="margin: 0pt 0pt 12pt 25pt; text-indent: 0pt;"><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">None.</font></p>
<p style="margin: 0pt 0pt 6pt 25pt; text-indent: 0pt;"><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;"><font style="color: #000000; font-family: 'Century Gothic'; font-size: 12px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: bold; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; line-height: inherit;">b.<font>&nbsp;</font></font><font style="color: #000000; font-family: 'Century Gothic'; font-size: 9pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: bold; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration: underline; line-height: inherit;">direct or indirect controlling shareholders</font></font></p>
<p style="margin: 0pt 0pt 12pt 25pt; text-indent: 0pt;"><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;"><font style="color: #000000; font-family: 'Century Gothic'; font-size: 9pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: bold; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; line-height: inherit;"><font style="color: #000000; font-family: 'Century Gothic'; font-size: 12px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">None.</font></font></font></p>
<p style="margin: 0pt 0pt 6pt 25pt; text-indent: 0pt;"><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;"><font style="color: #000000; font-family: 'Century Gothic'; font-size: 9pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: bold; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; line-height: inherit;"><font style="color: #000000; font-family: 'Century Gothic'; font-size: 12px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;"><font style="color: #000000; font-family: 'Century Gothic'; font-size: 12px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: bold; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; line-height: inherit;">c.<font>&nbsp;</font></font><font style="color: #000000; font-family: 'Century Gothic'; font-size: 9pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: bold; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration: underline; line-height: inherit;">if material, any supplier, customer, debtor or creditor of the<font>&nbsp;</font></font><font style="color: #000000; font-family: 'Century Gothic'; font-size: 9pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: bold; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration: underline; line-height: inherit;">issuer</font><font style="color: #000000; font-family: 'Century Gothic'; font-size: 9pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: bold; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration: underline; line-height: inherit;">, its subsidiary or controlling shareholders or the subsidiaries of any of the foregoing&nbsp;</font></font></font></font></p>
<p style="margin: 0pt 0pt 12pt 25pt; text-indent: 0pt;"><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;"><font style="color: #000000; font-family: 'Century Gothic'; font-size: 9pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; line-height: inherit;"><font style="color: #000000; font-family: 'Century Gothic'; font-size: 12px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;"><font style="color: #000000; font-family: 'Century Gothic'; font-size: 9pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; line-height: inherit;">None.</font></font></font></font></p>





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<p style="font-size: 9pt; line-height: 1.2; margin: 0pt 0pt 6pt 7.1pt; text-align: center;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold; line-height: inherit;"><a style="text-decoration: none; color: #000000; cursor: default; outline: none; pointer-events: none;" href="#TOC" name="BExhibitVI_142202415470565" class="customBookmark">Exhibit VI</a> &#8211; Information about the management compensation, under the terms of item 8 of the Reference Form</font></p>
<p style="font-size: 9pt; line-height: 1.2; margin: 0pt 0pt 6pt 7.1pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold; line-height: inherit;">8</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold; line-height: inherit;"> - </font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold; line-height: inherit;">Management Compensation</font></p>
<p style="font-size: 9pt; line-height: 1.2; margin: 0pt 0pt 6pt 7.1pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold; line-height: inherit;">8.1.<font style="color: #000000; font-family: 'Century Gothic'; font-size: 12px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: bold; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;"><font>&nbsp;</font>-<font>&nbsp;</font></font></font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold; line-height: inherit;">Describe the compensation policy or practice for the Board of Directors, Statutory and Non-Statutory Executive Officers, Fiscal Council, statutory committees and audit, risk, financial and compensation committees, addressing the following aspects</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold; line-height: inherit;">:</font></p>
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<li style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold; line-height: 120%; list-style-position: inside; margin: 0pt 0pt 6pt 7.1pt; text-align: justify; text-indent: 0pt;"> <font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold; text-decoration: underline; line-height: inherit;">Purpose of the compensation policy or practice, informing if the compensation policy was formally approved, the body responsible for approving it, the date of its approval and, if the issuer publicly discloses the policy, where the document can be found in the internet</font></li>




















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<p style="font-size: 9pt; line-height: 1.2; margin: 0pt 0pt 6pt 7.1pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">The purpose of Ultrapar&#8217;s Corporate Executive Compensation Policy is to establish compensation principles and criteria for the Company&#8217;s managers, members of the Board of Directors and Fiscal Council, ensuring the application of a competitive compensation strategy aligned with the best market practices and with the interests of Ultrapar&#8217;s shareholders and other stakeholders.</font></p>
<p style="font-size: 9pt; line-height: 1.2; margin: 0pt 0pt 6pt 7.1pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">The main elements of such compensation policy and practices adopted by Ultrapar for its management bodies are (i) to align executives&#8217; and shareholders&#8217; interests based on a philosophy of shared risks and rewards and a long-term value generation view; (ii) to cause goals to converge to the Company&#8217;s long-term strategy and sustainability; (iii) to foster autonomy with accountability, recognizing distinguished performance and reinforcing meritocracy; and (iv) to be competitive vis-a-vis the relevant market, enabling attraction and retention of the best professionals to manage the Company. In line with these principles, Ultrapar embraces a competitive compensation plan that includes use of financial, operational and value creation metrics to establish variable compensation targets, benefits in line with market practices, and a long-term stock-based incentive program</font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">.</font></p>
<p style="font-size: 9pt; line-height: 1.2; margin: 0pt 0pt 6pt 7.1pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">Ultrapar&#8217;s Corporate Executive Compensation Policy was approved by the Board of Directors on December 4, 2019, and has been periodically reviewed. The latest revision was approved by the Board of Directors in February 2024 after analysis and </font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">recommendation</font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;"> by the People Committee. The document is available at the Company&#8217;s website (ri.ultra.com.br), under the &#8216;Governance / Bylaws, Codes and Policies&#8217; section, and at the Brazilian Securities and Exchange Commission&#8217;s website (www.cvm.gov.br)</font></p>
<p style="font-size: 9pt; line-height: 1.2; margin: 0pt 0pt 0pt 7.1pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">&nbsp;</font></p>
<div style="margin: 0pt 0pt 0pt 7.1pt; padding-left: 0pt; line-height: 1.2; text-indent: 0pt;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold; line-height: inherit; list-style-position: inside; text-align: justify; text-indent: 0pt; margin: 0pt 0pt 6pt 0pt !important;"><font style="line-height: inherit;">b. </font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold; text-decoration: underline; line-height: inherit;">Practices and procedures adopted by the Board of Directors to set the individual compensation of the Board of Directors and Executive Officers, indicating</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold; text-decoration: underline; line-height: inherit;">:</font></font></div>
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<li style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold; line-height: 108%; margin: 0pt 0pt 8pt 27pt; text-align: justify; text-indent: 0pt;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold; line-height: inherit; margin-left: 2px;">The issuer&#8217;s bodies and committees that take part in the decision-making process, identifying in what way they participate</font></li>
<li style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold; line-height: 108%; margin: 0pt 0pt 8pt 29pt; text-align: justify; text-indent: 0pt;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold; line-height: inherit;">Criteria and methodology used to set individual compensation, indicating if there are studies for verifying market practices and if positive, the criteria for comparison and coverage of these studies</font> </li>
<li style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold; line-height: 108%; margin: 0pt 0pt 8pt 31pt; text-align: justify; text-indent: 0pt;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold; line-height: inherit;"> How often and in what manner does the Board of Directors review the suitability of the issuer&#8217;s compensation policy</font></li>




















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<p style="line-height: 1.2; margin: 0pt 0pt 6pt 18pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">Ultrapar carries out annual studies and analyses of the management's compensation under the purview of the People Committee, which also reviews the parameters and the guidelines </font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">of the Corporate Executive Compensation Policy and other benefits allocated to the management. After making changes as needed, the Committee prepares compensation proposals for submission to the Board of Directors</font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">.</font></p>
<p style="line-height: 1.2; margin: 0pt 0pt 6pt 18pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">The Company&#8217;s studies aim to ensure the competitiveness of the compensation for the Board of Directors and the Statutory Executive Officers and adopt market surveys as a reference. To this end, the market selected by one or more specialized external consultants is considered, as defined by the People Committee, including peer companies to Ultrapar (considering origin of capital, size, complexity, activity and reputation for compensation practices).</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;</font></p>









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<div style="margin: 0pt 0pt 0pt 7.1pt; padding-left: 0pt; line-height: 1.2; text-indent: 0pt;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold; line-height: inherit; list-style-position: inside; text-align: justify; text-indent: 0pt; margin: 0pt 0pt 6pt 0pt !important;"><font style="line-height: inherit;">c.  </font> <font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold; text-decoration: underline; line-height: inherit;">Compensation breakdown, indicating</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold; text-decoration: underline; line-height: inherit;">:</font></font></div>
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<li style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold; line-height: 108%; margin: 0pt 0pt 8pt 27pt; text-align: justify; text-indent: 0pt;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold; line-height: inherit;">Description of the several elements that make up compensation, including, in relation to each of them, the following</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold; line-height: inherit;">:</font></li>




















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<p style="line-height: 1.2; margin: 0pt 0pt 6pt 18pt; text-align: justify; text-indent: 0pt;"><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">Ultrapar&#8217;s compensation policy and practices are intended to provide short and long-term alignment with the interests of shareholders and with the Company&#8217;s continuity. Short and long-term variable compensation, which make up a significant portion of total compensation of the Executive Officers, is tied to growth targets for results and economic value-added, in line with shareholders&#8217; interests. Variable compensation also directs their focus to the strategic plan approved by the Board of Directors. Short-term variable compensation is linked to annual growth targets of financial results and priority matters for the Company (through individual targets). To strengthen the commitment to the ESG agenda, since 2022, all executive officers have in their short-term incentives, goals related thereto, which represent 1/3 of their individual goals. The stock-based incentive plan turns executives into shareholders of the </font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">company and</font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;"> is a strong element for aligning interests and generating long-term value</font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">.</font></p>
<p style="line-height: 1.2; margin: 0pt 0pt 8pt 25pt; text-align: justify; text-indent: 0pt;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold; text-decoration: underline; line-height: inherit;">Board of Directors</font></p>
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<li style="font-family: Symbol; font-size: 8pt; line-height: 120%; list-style-position: inside; margin: 6pt 0pt 8pt 35.35pt; text-align: justify; text-indent: 0pt;"><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">Fixed compensation</font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">: </font></li>




















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<li style="font-family: 'Courier New'; font-size: 9pt; list-style-position: inside; margin: 0pt 0pt 6pt 56.7pt; text-align: justify; text-indent: -18pt;"><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">&nbsp;Fixed fees paid in cash: a fixed monthly amount considering the global compensation approved by the General Shareholders&#8217; Meeting, intended to compensate for the responsibility and complexity inherent to the position of the board members, attempting to maintain compatible levels with the compensation of board members of Ultrapar&#8217;s peer companies. The Chairman and Vice-Chairman earn higher amounts than the other members, due to the higher responsibility inherent to the positions</font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">.</font></li>
<li style="font-family: 'Courier New'; font-size: 9pt; line-height: 14pt; list-style-position: inside; margin: 0pt 0pt 6pt 56.7pt; text-align: justify; text-indent: -18pt;"><font style="font-style: normal; font-variant: normal; font-kerning: auto; font-optical-sizing: auto; font-feature-settings: normal; font-variation-settings: normal; font-weight: normal; font-stretch: normal; font-size: 7pt; line-height: inherit; font-family: 'Times New Roman';">&nbsp;&nbsp;&nbsp;</font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">Fixed fees in shares: according to the changes </font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">approved at the Annual and Extraordinary General Shareholders' Meeting held on April 19, 2023 regarding</font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;"> the remuneration model of the Board of Directors, part of the fixed compensation of the members of the board will be converted into shares, in a single grant at the beginning of the term of office, with a</font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;"> vesting period for the period of the term and </font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">lockup period of 2 years after the transfer of the shares. Furthermore, the agreements for the grant of these shares shall include the malus clause, which provides for the retention of unvested shares upon verification of certain irregularities that had benefited the </font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">director </font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">unlawfully</font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">.</font></li>
<li style="font-family: 'Courier New'; font-size: 9pt; line-height: 14pt; list-style-position: inside; margin: 0pt 0pt 6pt 56.7pt; text-align: justify; text-indent: -18pt;"><font style="font-style: normal; font-variant: normal; font-kerning: auto; font-optical-sizing: auto; font-feature-settings: normal; font-variation-settings: normal; font-weight: normal; font-stretch: normal; font-size: 7pt; line-height: inherit; font-family: 'Times New Roman';">&nbsp;&nbsp;</font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">Fees </font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">for participation in statutory committees: an additional monthly amount equivalent to 1/3 of board members&#8217; monthly fees, consisting of the two portions above. Board members acting as committee coordinators shall earn a monthly amount equivalent to 50% of a board member&#8217;s fixed fees. If a member</font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;"> of </font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">the Board of Directors</font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;"> is appointed to more than one committee, the monthly compensation amount shall be limited to 50% of a board member&#8217;s fixed fees, regardless of the position held in the </font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">committee</font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">. The Chairman of the Board of Directors is not entitled to additional compensation for participation in committees. Fees for participation in statutory committees will not be reflected in the calculation of the number of shares to be granted</font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;"> at the beginning of the term</font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">.</font></li>
<li style="font-family: 'Courier New'; font-size: 9pt; line-height: 14pt; list-style-position: inside; margin: 0pt 0pt 6pt 56.7pt; text-align: justify; text-indent: -18pt;"><font style="font-style: normal; font-variant: normal; font-kerning: auto; font-optical-sizing: auto; font-feature-settings: normal; font-variation-settings: normal; font-weight: normal; font-stretch: normal; font-size: 7pt; line-height: inherit; font-family: 'Times New Roman';">&nbsp;&nbsp;&nbsp;</font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">In addition to the fees, the Company shall bear the respective social security contributions, when applicable</font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">.</font></li>
<li style="font-family: 'Courier New'; font-size: 9pt; line-height: 14pt; list-style-position: inside; margin: 0pt 0pt 6pt 56.7pt; text-align: justify; text-indent: -18pt;"><font style="font-style: normal; font-variant: normal; font-kerning: auto; font-optical-sizing: auto; font-feature-settings: normal; font-variation-settings: normal; font-weight: normal; font-stretch: normal; font-size: 7pt; line-height: inherit; font-family: 'Times New Roman';">&nbsp;&nbsp;&nbsp;</font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">Board members who are also part of the Company&#8217;s Executive Board shall only be compensated for the position they hold in the Executive Board</font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">.</font></li>




















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<p style="line-height: 1.2; margin: 0pt 0pt 8pt 25pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold; text-decoration: underline; line-height: inherit;">Fiscal Council </font></p>
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<li style="font-family: Symbol; font-size: 8pt; line-height: 120%; list-style-position: inside; margin: 6pt 0pt 8pt 35.35pt; text-align: justify; text-indent: 0pt;"><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">Fixed compensation:</font>
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<li style="font-family: Symbol; font-size: 8pt; line-height: 14pt; list-style-position: inside; margin: 0pt 0pt 6pt 56.7pt; text-align: justify; text-indent: -18pt;"><font style="font-family: 'Century Gothic'; font-size: 9pt; list-style-position: inside; list-style-type: circle;">&nbsp;Fixed fees: a monthly amount approved by the General Shareholders&#8217; Meeting, intended to compensate for the responsibility and complexity inherent to the position of member of the Fiscal Council, taking market benchmark parameters into account, provided it is not 10% lower than the average monthly salary attributed to the Statutory Executive Officers. The Chairman shall earn higher amounts than the other members due to the higher responsibility inherent to the position.</font></li>
<li style="font-family: Symbol; font-size: 8pt; line-height: 120%; list-style-position: inside; margin: 6pt 0pt 8pt 35.35pt; text-align: justify; text-indent: 0pt;"><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">&nbsp; In addition to the fees, the Company shall bear the respective social security contributions, where applicable.</font></li>




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<li style="font-family: Symbol; font-size: 8pt; line-height: 120%; list-style-position: inside; margin: 6pt 0pt 8pt 35.35pt; text-align: justify; text-indent: 0pt;"><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">V<font style="color: #000000; font-family: 'Century Gothic'; 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; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; list-style-position: inside; list-style-type: disc;">ariable compensation</font><font style="color: #000000; font-family: 'Century Gothic'; font-size: 12px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">: members of the Fiscal Council are not eligible for variable compensation.</font></font></li>




















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<p style="line-height: 1.2; margin: 0pt 0pt 8pt 24pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold; text-decoration: underline; line-height: inherit;">Statutory Executive Officers</font></p>
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<li style="font-family: Symbol; font-size: 8pt; line-height: 120%; list-style-position: inside; margin: 6pt 0pt 8pt 35.35pt; text-align: justify; text-indent: 0pt;"><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">Fixed compensation:</font></li>




















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<li style="font-family: 'Courier New'; font-size: 9pt; line-height: 14pt; list-style-position: inside; margin: 0pt 0pt 6pt 56.7pt; text-align: justify; text-indent: -18pt;"><font style="font-style: normal; font-variant: normal; font-kerning: auto; font-optical-sizing: auto; font-feature-settings: normal; font-variation-settings: normal; font-weight: normal; font-stretch: normal; font-size: 7pt; line-height: inherit; font-family: 'Times New Roman';">&nbsp;&nbsp;</font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">Salary: a monthly amount paid as compensation for the responsibility and complexity inherent to the position, and for each professional&#8217;s individual contribution and experience, attempting to maintain levels compatible with those of peer companies. </font></li>
<li style="font-family: 'Courier New'; font-size: 9pt; line-height: 14pt; list-style-position: inside; margin: 0pt 0pt 6pt 56.7pt; text-align: justify; text-indent: -18pt;"><font style="font-style: normal; font-variant: normal; font-kerning: auto; font-optical-sizing: auto; font-feature-settings: normal; font-variation-settings: normal; font-weight: normal; font-stretch: normal; font-size: 7pt; line-height: inherit; font-family: 'Times New Roman';">&nbsp;&nbsp;</font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">Direct and indirect benefits: the Statutory Executive Officers&#8217; fixed compensation also includes social security contributions, vacation bonus, 13</font><font style="font-family: 'Century Gothic'; font-size: 6pt; vertical-align: super; line-height: inherit;">th</font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;"> month salary, healthcare, life insurance and medical checkup, among others. The purpose of the direct and indirect benefits is to follow market practices.</font></li>




















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<li style="font-family: Symbol; font-size: 8pt; line-height: 120%; list-style-position: inside; margin: 6pt 0pt 8pt 35.35pt; text-align: justify; text-indent: 0pt;"><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">Variable compensation:</font></li>




















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<li style="font-family: 'Courier New'; font-size: 9pt; line-height: 14pt; list-style-position: inside; margin: 0pt 0pt 6pt 56.7pt; text-align: justify; text-indent: -18pt;"><font style="font-style: normal; font-variant: normal; font-kerning: auto; font-optical-sizing: auto; font-feature-settings: normal; font-variation-settings: normal; font-weight: normal; font-stretch: normal; font-size: 7pt; line-height: inherit; font-family: 'Times New Roman';">&nbsp; &nbsp;</font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">Short-term: its objective is to align the interests of the executives with those of the Company in the pursuit and attainment of annual results This amount shall be linked to financial and non-financial goals, aligned in any case with the Company&#8217;s strategic plan approved by the Board of Directors. Since 2022, executives shall consider at least 1/3 of the individual goals related to ESG goals.</font></li>

















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<li style="font-family: 'Courier New'; font-size: 9pt; line-height: 14pt; list-style-position: inside; margin: 0pt 0pt 6pt 56.7pt; text-align: justify; text-indent: -18pt;"><font style="font-style: normal; font-variant: normal; font-kerning: auto; font-optical-sizing: auto; font-feature-settings: normal; font-variation-settings: normal; font-weight: normal; font-stretch: normal; font-size: 7pt; line-height: inherit; font-family: 'Times New Roman';">&nbsp;</font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">Stock-based compensation:&nbsp;Ultrapar has adopted </font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">a regular </font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">stock-based compensation since 2003 to foster the Company&#8217;s expansion and sustainable results and the attainment of its business goals, sharing value creation, as well as the risks inherent to the business and the stock market, and promoting the alignment of the </font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">interests to generate long-term value. An additional benefit of this portion of the compensation is the search for retention of executives and key professionals for the organization. From 2017 up until 2020, two types of programs existed. Upon reviewing the Corporate Executive Compensation Policy approved by the Board of Directors in 2020, a third program class was created, with the same purpose as the others, however including some changes in general conditions, specifically the discontinuation of the usufruct of restricted shares </font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">grants made from </font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">2021 </font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">onwards</font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">.&nbsp;</font></li>

















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<p style="margin: 0pt 0pt 0pt 85pt; text-indent: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">At the Annual and Extraordinary General Shareholders&#8217; Meeting held on April 19, 2023, a new Stock-based Incentive Plan, similar to the plan approved in 2017, was approved by Ultrapar's shareholders at the which became the reference for devising new stock-based incentive programs. The approval of a new stock-based incentive plan is necessary since the limit of shares to be granted under the plan approved by the Annual and Extraordinary General Shareholders' Meeting of April 19, 2017 has been reached. For the current cycle, the Company has a program with usufruct as from the time of grant.
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<p style="margin: 0pt 0pt 0pt 85pt; text-indent: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">Furthermore, the long-term incentive agreements for the grant of these shares shall include the malus clause, which provides for the retention of unvested shares upon verification of certain irregularities that had benefited the executive unlawfully.</font></p>
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<p style="margin: 0pt 0pt 0pt 85pt; text-indent: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">In addition, since October 2023, the Corporate Clawback Policy is in force, which determines the reimbursement to the Company, by the executives, of the amounts unduly paid in the portion of variable linked to financial metrics. This policy is applied in scenarios where restatements of financial statements indicate differences between the values &#8203;&#8203;determined and those actually practiced by the Company. The complete document is available on the Company's website, under the 'Governance / Bylaws, Codes, and Policies' section, and on the CVM website.</font></p>
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<p style="margin: 0pt 0pt 0pt 85pt; text-indent: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">Furthermore, starting from April 2024, the Statutory Executive Officers are also subject to the Stock Ownership Guidelines (SOG), which define that executives must maintain a minimum shareholding position, equivalent to (i) at least 5 times the annual fixed remuneration for the Ultrapar CEO or (ii) at least 3 times the annual fixed remuneration for the others Statutory Directors, while serving in their roles at the Company. This demonstrates commitment to the organization's long-term performance and alignment with shareholder interests.</font></p>
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<li style="font-family: 'Courier New'; font-size: 9pt; line-height: 14pt; list-style-position: inside; margin: 0pt 0pt 6pt 56.7pt; text-align: justify; text-indent: -18pt;"><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;"><font style="color: #000000; font-family: 'Century Gothic', sans-serif; font-size: 12px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Post-retirement benefit: to encourage long-term savings,<font>&nbsp;</font></font>Ultrapar<font style="color: #000000; font-family: 'Century Gothic', sans-serif; font-size: 12px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;"><font>&nbsp;</font>has offered, since 2001,<font>&nbsp;</font>a defined contribution supplementary pension plan managed by<font>&nbsp;</font></font>Ultraprev<font style="color: #000000; font-family: 'Century Gothic', sans-serif; font-size: 12px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;"><font>&nbsp;</font>&#8211;<font>&nbsp;</font></font><i style="color: #000000; font-family: 'Century Gothic', sans-serif; font-size: 12px; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; background-color: #ffffff; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial;">Associa&#231;&#227;o<font>&nbsp;</font>de<font>&nbsp;</font>Previd&#234;ncia<font>&nbsp;</font>Complementar</i><font style="color: #000000; font-family: 'Century Gothic', sans-serif; font-size: 12px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">. According to the plan, each executive&#8217;s basic contribution is optional and calculated as a percentage of his/her salary.<font>&nbsp;</font></font>Ultrapar<font style="color: #000000; font-family: 'Century Gothic', sans-serif; font-size: 12px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;"><font>&nbsp;</font>matches the basic contribution with an equal amount on behalf of the executive, limited to 11% of the monthly reference salary. Furthermore, in addition to contributions to the FGTS system,<font>&nbsp;</font></font>Ultrapar<font style="color: #000000; font-family: 'Century Gothic', sans-serif; font-size: 12px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;"><font>&nbsp;</font>established in 2010 and has periodically reviewed an end-of-career policy intended to prepare executives for severance and to enable a planned and orderly succession process. The amount of the post-retirement benefit arising from this policy consists in potential additional compensation upon severance.</font></font></li>











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<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; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; background-color: #ffffff; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial;"><br></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; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; background-color: #ffffff; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold; text-decoration: underline; line-height: inherit;">Strategy Committee</font></p>
<ul 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; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; background-color: #ffffff; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; margin: 0pt; padding-left: 0pt; list-style-type: disc;">
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<li style="font-family: 'Courier New'; font-size: 9pt; line-height: 14pt; list-style-position: inside; margin: 0pt 0pt 6pt 56.7pt; text-align: justify; text-indent: -18pt;"><font style="font-style: normal; font-variant: normal; font-kerning: auto; font-optical-sizing: auto; font-feature-settings: normal; font-variation-settings: normal; font-weight: normal; font-stretch: normal; font-size: 7pt; line-height: inherit; font-family: 'Times New Roman';">&nbsp;</font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">Committee membership: the members of the Strategy Committee, currently composed only by board members, are entitled to a</font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">n extra</font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;"><font>&nbsp;</font>monthly amount<font>&nbsp;</font></font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">equivalent to 1/3 of a board member&#8217;s fees. The board member serving as Committee<font>&nbsp;</font></font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">c</font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">oordinator shall receive a monthly amount equivalent to 50% of a board member&#8217;s fees.</font></li>











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<p><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold; text-decoration: underline; line-height: inherit;">Audit and Risks Committee</font></p>
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<li style="font-family: Symbol; font-size: 8pt; line-height: 120%; list-style-position: inside; margin: 6pt 0pt 8pt 35.35pt; text-align: justify; text-indent: 0pt;"><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">Fixed compensation:</font></li>




















</ul>
<ul type="circle">
<li style="font-family: 'Courier New'; font-size: 9pt; line-height: 14pt; list-style-position: inside; margin: 0pt 0pt 6pt 56.7pt; text-align: justify; text-indent: -18pt;"><font style="font-style: normal; font-variant: normal; font-kerning: auto; font-optical-sizing: auto; font-feature-settings: normal; font-variation-settings: normal; font-weight: normal; font-stretch: normal; font-size: 7pt; line-height: inherit; font-family: 'Times New Roman';">&nbsp;</font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">Committee membership: the members of the Audit and Risks Committee, currently composed only by board members, are entitled to an extra monthly amount equivalent to 1/3 of a board member&#8217;s fees. The board member serving as Committee coordinator shall receive a monthly amount equivalent to 50% of a board member&#8217;s monthly fees.</font></li>




















</ul>
<p><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold; text-decoration: underline; line-height: inherit;">People Committee </font></p>
<ul>
<li style="font-family: Symbol; font-size: 8pt; line-height: 120%; list-style-position: inside; margin: 6pt 0pt 8pt 35.35pt; text-align: justify; text-indent: 0pt;"><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">Fixed compensation: </font></li>




















</ul>
<p style="margin: 0pt 0pt 0pt 78pt; text-indent: 0pt;"><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">Committee membership: the members of the People Committee, currently composed only by board members, are entitled to an extra monthly amount equivalent to 1/3 of a board member&#8217;s fees. The board member serving as Committee coordinator shall receive a monthly amount equivalent to 50% of a board member&#8217;s monthly fees. </font></p>
<p style="margin:0pt"><br></p>
<p><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold; text-decoration: underline; line-height: inherit;">Financial Risks Committee</font></p>
<ul style="margin: 0pt; padding-left: 0pt; list-style-type: disc;">
<li style="font-family: Symbol; font-size: 8pt; line-height: 120%; list-style-position: inside; margin: 6pt 0pt 8pt 35.35pt; text-align: justify; text-indent: 0pt;"><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">Fixed compensation:</font></li>




















</ul>
<ul type="circle">
<li style="font-family: 'Courier New'; font-size: 9pt; line-height: 14pt; list-style-position: inside; margin: 0pt 0pt 6pt 56.7pt; text-align: justify; text-indent: -18pt;"><font style="font-style: normal; font-variant: normal; font-kerning: auto; font-optical-sizing: auto; font-feature-settings: normal; font-variation-settings: normal; font-weight: normal; font-stretch: normal; font-size: 7pt; line-height: inherit; font-family: 'Times New Roman';">&nbsp;&nbsp;</font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">Committee membership: the Financial Risks Committee is composed of Ultrapar&#8217;s Chief Financial and Investor Relations Officer (&#8220;CFO&#8221;) and the Administration and Control Officer, who is in charge of the Treasury Department, and a minimum of two other officers at Ultrapar or its subsidiaries, to be designated by the CFO. Members of said committee do not earn any additional compensation for membership in this committee.</font></li>




















</ul>
<p><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">&nbsp;</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold; text-decoration: underline; line-height: inherit;">Conduct Committee</font></p>
<ul style="margin: 0pt; padding-left: 0pt; list-style-type: disc;">
<li style="font-family: Symbol; font-size: 8pt; line-height: 120%; list-style-position: inside; margin: 6pt 0pt 8pt 35.35pt; text-align: justify; text-indent: 0pt;"><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">Fixed compensation:</font></li>




















</ul>
<ul type="circle">
<li style="font-family: 'Courier New'; font-size: 9pt; line-height: 14pt; list-style-position: inside; margin: 0pt 0pt 6pt 56.7pt; text-align: justify; text-indent: -18pt;"><font style="font-style: normal; font-variant: normal; font-kerning: auto; font-optical-sizing: auto; font-feature-settings: normal; font-variation-settings: normal; font-weight: normal; font-stretch: normal; font-size: 7pt; line-height: inherit; font-family: 'Times New Roman';">&nbsp;&nbsp;</font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">Committee membership: the Conduct Committee is composed of one external member, who acts as Chairman, and members of Ultrapar&#8217;s management, including the Risks, Integrity and Audit Officer. Committee members, with the exception of the external member, do not earn any additional compensation for membership in this committee. The external member earns monthly compensation based on market practices as compensation for the responsibilities and complexity inherent to the position and for the professional&#8217;s individual contributions and experience.</font></li>














</ul>













</div>
<ul type="circle">

</ul>
<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'>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;"><a href="#TOC"></a><br></div>













</div>













</div>
<div style="width: 8.5in; margin: 0 auto;">
<ul>
<li style="font-family: Symbol; font-size: 9pt; line-height: 108%; margin: 0pt 0pt 8pt 48.84pt; padding-left: 8.71pt; text-align: justify; text-indent: 0pt;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold; line-height: inherit;">Component&#8217;s share in the total compensation in the past 3 fiscal years</font></li>




















</ul>
<p><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">The following table shows each component&#8217;s share of total management compensation in 2023, broken down as per item 8.2</font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">.</font></p>
<p style="margin: 0px; text-indent: 0px;"><br></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: 17px;">
<td colspan="7" style="vertical-align: top; text-align: center; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; width: 100%;"><font style="font-family: 'Century Gothic'; font-size: 8pt; font-weight: bold; line-height: inherit;">% of the total compensation paid as</font>


</td>




















</tr>
<tr style="height: 11px;">
<td style="vertical-align: middle; height: 11px; text-align: left; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; width: 27.9412%;"><font style="font-family: 'Century Gothic'; font-size: 8pt; font-weight: bold; line-height: inherit;">Management Body</font>


</td>
<td style="vertical-align: middle; text-align: center; height: 11px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; width: 12.0098%;"><font style="font-family: 'Century Gothic'; font-size: 8pt; font-weight: bold; line-height: inherit;">Fixed </font><font style="font-family: 'Century Gothic'; font-size: 8pt; font-weight: bold; line-height: inherit;">compensation</font>


</td>
<td style="vertical-align: middle; text-align: center; height: 11px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; width: 12.0098%;"><font style="font-family: 'Century Gothic'; font-size: 8pt; font-weight: bold; line-height: inherit;">Variable </font><font style="font-family: 'Century Gothic'; font-size: 8pt; font-weight: bold; line-height: inherit;">compensation</font>


</td>
<td style="vertical-align: middle; text-align: center; height: 11px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; width: 12.2549%;"><font style="font-family: 'Century Gothic'; font-size: 8pt; font-weight: bold; line-height: inherit;">Post-retirement </font><font style="font-family: 'Century Gothic'; font-size: 8pt; font-weight: bold; line-height: inherit;">benefit</font>


</td>
<td style="vertical-align: middle; text-align: center; height: 11px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; width: 11.7647%;"><font style="font-family: 'Century Gothic'; font-size: 8pt; font-weight: bold; line-height: inherit;">Benefits due to the interruption in the </font><font style="font-family: 'Century Gothic'; font-size: 8pt; font-weight: bold; line-height: inherit;">exercise of the position</font>


</td>
<td style="vertical-align: middle; text-align: center; height: 11px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; width: 12.0098%;"><font style="font-family: 'Century Gothic'; font-size: 8pt; font-weight: bold; line-height: inherit;">Stock-based compensation</font>


</td>
<td style="vertical-align: middle; text-align: center; height: 11px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; width: 12.0098%;"><font style="font-family: 'Century Gothic'; font-size: 8pt; font-weight: bold; line-height: inherit;">Total</font>


</td>




















</tr>
<tr style="height: 17px;">
<td style="vertical-align: middle; height: 17px; width: 27.9412%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;"><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">Board of Directors</font>


</td>
<td style="vertical-align: middle; text-align: center; height: 17px; width: 12.0098%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;"><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">76%</font>


</td>
<td style="vertical-align: middle; text-align: center; height: 17px; width: 12.0098%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;"><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">0%</font>


</td>
<td style="vertical-align: middle; text-align: center; height: 17px; width: 12.2549%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;"><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">0%</font>


</td>
<td style="vertical-align: middle; text-align: center; height: 17px; width: 11.7647%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;"><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">0%</font>


</td>
<td style="vertical-align: middle; text-align: center; height: 17px; width: 12.0098%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;"><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">24%</font>


</td>
<td style="vertical-align: middle; text-align: center; height: 17px; width: 12.0098%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;"><font style="font-family: 'Century Gothic'; font-size: 8pt; font-weight: bold; line-height: inherit;">100%</font>


</td>




















</tr>
<tr style="height: 17px;">
<td style="vertical-align: middle; height: 17px; width: 27.9412%;"><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">Fiscal Council</font>


</td>
<td style="vertical-align: middle; text-align: center; height: 17px; width: 12.0098%;"><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">100%</font>


</td>
<td style="vertical-align: middle; text-align: center; height: 17px; width: 12.0098%;"><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">0%</font>


</td>
<td style="vertical-align: middle; text-align: center; height: 17px; width: 12.2549%;"><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">0%</font>


</td>
<td style="vertical-align: middle; text-align: center; height: 17px; width: 11.7647%;"><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">0%</font>


</td>
<td style="vertical-align: middle; text-align: center; height: 17px; width: 12.0098%;"><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">0%</font>


</td>
<td style="vertical-align: middle; text-align: center; height: 17px; width: 12.0098%;"><font style="font-family: 'Century Gothic'; font-size: 8pt; font-weight: bold; line-height: inherit;">100%</font>


</td>




















</tr>
<tr style="height: 17px;">
<td style="vertical-align: middle; height: 17px; width: 27.9412%;"><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">Statutory Executive Officers</font>


</td>
<td style="vertical-align: middle; text-align: center; height: 17px; width: 12.0098%;"><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">25%</font>


</td>
<td style="vertical-align: middle; text-align: center; height: 17px; width: 12.0098%;"><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">33%</font>


</td>
<td style="vertical-align: middle; text-align: center; height: 17px; width: 12.2549%;"><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">2%</font>


</td>
<td style="vertical-align: middle; text-align: center; height: 17px; width: 11.7647%;"><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">2%</font>


</td>
<td style="vertical-align: middle; text-align: center; height: 17px; width: 12.0098%;"><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">39%</font>


</td>
<td style="vertical-align: middle; text-align: center; height: 17px; width: 12.0098%;"><font style="font-family: 'Century Gothic'; font-size: 8pt; font-weight: bold; line-height: inherit;">100%</font>


</td>




















</tr>
<tr style="height: 17px;">
<td style="vertical-align: middle; height: 17px; width: 27.9412%;"><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">Strategy Committee</font>


</td>
<td style="vertical-align: middle; text-align: center; height: 17px; width: 12.0098%;"><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">100%</font>


</td>
<td style="vertical-align: middle; text-align: center; height: 17px; width: 12.0098%;"><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">0%</font>


</td>
<td style="vertical-align: middle; text-align: center; height: 17px; width: 12.2549%;"><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">0%</font>


</td>
<td style="vertical-align: middle; text-align: center; height: 17px; width: 11.7647%;"><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">0%</font>


</td>
<td style="vertical-align: middle; text-align: center; height: 17px; width: 12.0098%;"><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">0%</font>


</td>
<td style="vertical-align: middle; text-align: center; height: 17px; width: 12.0098%;"><font style="font-family: 'Century Gothic'; font-size: 8pt; font-weight: bold; line-height: inherit;">100%</font>


</td>




















</tr>
<tr style="height: 17px;">
<td style="vertical-align: middle; height: 17px; width: 27.9412%;"><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">Audit and Risks Committee</font>


</td>
<td style="vertical-align: middle; text-align: center; height: 17px; width: 12.0098%;"><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">100%</font>


</td>
<td style="vertical-align: middle; text-align: center; height: 17px; width: 12.0098%;"><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">0%</font>


</td>
<td style="vertical-align: middle; text-align: center; height: 17px; width: 12.2549%;"><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">0%</font>


</td>
<td style="vertical-align: middle; text-align: center; height: 17px; width: 11.7647%;"><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">0%</font>


</td>
<td style="vertical-align: middle; text-align: center; height: 17px; width: 12.0098%;"><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">0%</font>


</td>
<td style="vertical-align: middle; text-align: center; height: 17px; width: 12.0098%;"><font style="font-family: 'Century Gothic'; font-size: 8pt; font-weight: bold; line-height: inherit;">100%</font>


</td>




















</tr>
<tr style="height: 17px;">
<td style="vertical-align: middle; height: 17px; width: 27.9412%;"><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">People Committee</font>


</td>
<td style="vertical-align: middle; text-align: center; height: 17px; width: 12.0098%;"><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">100%</font>


</td>
<td style="vertical-align: middle; text-align: center; height: 17px; width: 12.0098%;"><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">0%</font>


</td>
<td style="vertical-align: middle; text-align: center; height: 17px; width: 12.2549%;"><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">0%</font>


</td>
<td style="vertical-align: middle; text-align: center; height: 17px; width: 11.7647%;"><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">0%</font>


</td>
<td style="vertical-align: middle; text-align: center; height: 17px; width: 12.0098%;"><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">0%</font>


</td>
<td style="vertical-align: middle; text-align: center; height: 17px; width: 12.0098%;"><font style="font-family: 'Century Gothic'; font-size: 8pt; font-weight: bold; line-height: inherit;">100%</font>


</td>




















</tr>
<tr style="height: 17px;">
<td style="vertical-align: middle; height: 17px; width: 27.9412%;"><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">Financial Risks Committee</font>


</td>
<td style="vertical-align: middle; text-align: center; height: 17px; width: 12.0098%;"><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">0%</font>


</td>
<td style="vertical-align: middle; text-align: center; height: 17px; width: 12.0098%;"><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">0%</font>


</td>
<td style="vertical-align: middle; text-align: center; height: 17px; width: 12.2549%;"><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">0%</font>


</td>
<td style="vertical-align: middle; text-align: center; height: 17px; width: 11.7647%;"><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">0%</font>


</td>
<td style="vertical-align: middle; text-align: center; height: 17px; width: 12.0098%;"><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">0%</font>


</td>
<td style="vertical-align: middle; text-align: center; height: 17px; width: 12.0098%;"><font style="font-family: 'Century Gothic'; font-size: 8pt; font-weight: bold; line-height: inherit;">0%</font>


</td>




















</tr>
<tr style="height: 17px;">
<td style="vertical-align: middle; height: 17px; width: 27.9412%;"><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">Conduct Committee</font>


</td>
<td style="vertical-align: middle; text-align: center; height: 17px; width: 12.0098%;"><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">100%</font>


</td>
<td style="vertical-align: middle; text-align: center; height: 17px; width: 12.0098%;"><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">0%</font>


</td>
<td style="vertical-align: middle; text-align: center; height: 17px; width: 12.2549%;"><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">0%</font>


</td>
<td style="vertical-align: middle; text-align: center; height: 17px; width: 11.7647%;"><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">0%</font>


</td>
<td style="vertical-align: middle; text-align: center; height: 17px; width: 12.0098%;"><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">0%</font>


</td>
<td style="vertical-align: middle; text-align: center; height: 17px; width: 12.0098%;"><font style="font-family: 'Century Gothic'; font-size: 8pt; font-weight: bold; line-height: inherit;">100%</font>


</td>




















</tr>









































</table>
<p style="margin: 10pt 0pt; text-indent: 0pt;"><font style="font-family: 'Century Gothic'; font-size: 10pt; line-height: inherit;">&nbsp;</font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">The following table shows each component&#8217;s share of total management compensation in 2022, broken down as per item 8.2</font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">.</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;">
<td colspan="7" style="vertical-align: top; height: 17px; text-align: center; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; width: 99.8775%;"><font style="font-family: 'Century Gothic'; font-size: 8pt; font-weight: bold; line-height: inherit;">% of the total compensation paid as</font>


</td>




















</tr>
<tr style="height: 17px;">
<td style="vertical-align: middle; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; width: 26.4706%;"><font style="font-family: 'Century Gothic'; font-size: 8pt; font-weight: bold; line-height: inherit;">Management Body</font>


</td>
<td style="vertical-align: middle; height: 17px; text-align: center; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; width: 11.7647%;"><font style="font-family: 'Century Gothic'; font-size: 8pt; font-weight: bold; line-height: inherit;">Fixed compensation</font></td>
<td style="vertical-align: middle; height: 17px; text-align: center; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; width: 16.6667%;"><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; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Century Gothic'; font-size: 8pt; font-weight: bold; line-height: inherit;">Variable<font>&nbsp;</font></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; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Century Gothic'; font-size: 8pt; font-weight: bold; line-height: inherit;">compensation</font></td>
<td style="vertical-align: middle; height: 17px; text-align: center; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; width: 10.2941%;"><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; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Century Gothic'; font-size: 8pt; font-weight: bold; line-height: inherit;">Post-retirement<font>&nbsp;</font></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; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Century Gothic'; font-size: 8pt; font-weight: bold; line-height: inherit;">benefit</font></td>
<td style="vertical-align: middle; height: 17px; text-align: center; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; width: 11.6422%;"><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; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Century Gothic'; font-size: 8pt; font-weight: bold; line-height: inherit;">Benefits due to the interruption in the<font>&nbsp;</font></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; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Century Gothic'; font-size: 8pt; font-weight: bold; line-height: inherit;">exercise of the position</font></td>
<td style="vertical-align: middle; height: 17px; text-align: center; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; width: 11.7647%;"><font style="color: #000000; font-family: 'Century Gothic'; 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; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Stock-based compensation</font></td>
<td style="vertical-align: middle; height: 17px; text-align: center; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; width: 11.2745%;"><font style="color: #000000; font-family: 'Century Gothic'; 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; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; 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;">
<td style="vertical-align: middle; height: 17px; width: 26.4706%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;"><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">Board of Directors</font>


</td>
<td style="vertical-align: top; height: 17px; text-align: center; width: 11.7647%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;"><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">100%</font>


</td>
<td style="vertical-align: top; height: 17px; text-align: center; width: 16.6667%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;"><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">0%</font>


</td>
<td style="vertical-align: top; height: 17px; text-align: center; width: 10.2941%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;"><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">0%</font>


</td>
<td style="vertical-align: top; height: 17px; text-align: center; width: 11.6422%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;"><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">0%</font>


</td>
<td style="vertical-align: top; height: 17px; text-align: center; width: 11.7647%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;"><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">0%</font>


</td>
<td style="vertical-align: top; height: 17px; text-align: center; width: 11.2745%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;"><font style="font-family: 'Century Gothic'; font-size: 8pt; font-weight: bold; line-height: inherit;">100%</font>


</td>




















</tr>
<tr style="height: 17px;">
<td style="vertical-align: middle; height: 17px; width: 26.4706%;"><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">Fiscal Council</font>


</td>
<td style="vertical-align: top; height: 17px; text-align: center; width: 11.7647%;"><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">100%</font>


</td>
<td style="vertical-align: top; height: 17px; text-align: center; width: 16.6667%;"><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">0%</font>


</td>
<td style="vertical-align: top; height: 17px; text-align: center; width: 10.2941%;"><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">0%</font>


</td>
<td style="vertical-align: top; height: 17px; text-align: center; width: 11.6422%;"><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">0%</font>


</td>
<td style="vertical-align: top; height: 17px; text-align: center; width: 11.7647%;"><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">0%</font>


</td>
<td style="vertical-align: top; height: 17px; text-align: center; width: 11.2745%;"><font style="font-family: 'Century Gothic'; font-size: 8pt; font-weight: bold; line-height: inherit;">100%</font>


</td>




















</tr>
<tr style="height: 17px;">
<td style="vertical-align: middle; height: 17px; width: 26.4706%;"><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">Statutory Executive Officers</font>


</td>
<td style="vertical-align: top; height: 17px; text-align: center; width: 11.7647%;"><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">28%</font>


</td>
<td style="vertical-align: top; height: 17px; text-align: center; width: 16.6667%;"><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">46%</font>


</td>
<td style="vertical-align: top; height: 17px; text-align: center; width: 10.2941%;"><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">2%</font>


</td>
<td style="vertical-align: top; height: 17px; text-align: center; width: 11.6422%;"><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">0%</font>


</td>
<td style="vertical-align: top; height: 17px; text-align: center; width: 11.7647%;"><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">23%</font>


</td>
<td style="vertical-align: top; height: 17px; text-align: center; width: 11.2745%;"><font style="font-family: 'Century Gothic'; font-size: 8pt; font-weight: bold; line-height: inherit;">100%</font>


</td>




















</tr>
<tr style="height: 17px;">
<td style="vertical-align: middle; height: 17px; width: 26.4706%;"><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">Strategy Committee</font>


</td>
<td style="vertical-align: top; height: 17px; text-align: center; width: 11.7647%;"><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">100%</font>


</td>
<td style="vertical-align: top; height: 17px; text-align: center; width: 16.6667%;"><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">0%</font>


</td>
<td style="vertical-align: top; height: 17px; text-align: center; width: 10.2941%;"><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">0%</font>


</td>
<td style="vertical-align: top; height: 17px; text-align: center; width: 11.6422%;"><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">0%</font>


</td>
<td style="vertical-align: top; height: 17px; text-align: center; width: 11.7647%;"><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">0%</font>


</td>
<td style="vertical-align: top; height: 17px; text-align: center; width: 11.2745%;"><font style="font-family: 'Century Gothic'; font-size: 8pt; font-weight: bold; line-height: inherit;">100%</font>


</td>




















</tr>
<tr style="height: 17px;">
<td style="vertical-align: middle; height: 17px; width: 26.4706%;"><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">Audit and Risks Committee</font>


</td>
<td style="vertical-align: top; height: 17px; text-align: center; width: 11.7647%;"><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">100%</font>


</td>
<td style="vertical-align: top; height: 17px; text-align: center; width: 16.6667%;"><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">0%</font>


</td>
<td style="vertical-align: top; height: 17px; text-align: center; width: 10.2941%;"><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">0%</font>


</td>
<td style="vertical-align: top; height: 17px; text-align: center; width: 11.6422%;"><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">0%</font>


</td>
<td style="vertical-align: top; height: 17px; text-align: center; width: 11.7647%;"><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">0%</font>


</td>
<td style="vertical-align: top; height: 17px; text-align: center; width: 11.2745%;"><font style="font-family: 'Century Gothic'; font-size: 8pt; font-weight: bold; line-height: inherit;">100%</font>


</td>




















</tr>
<tr style="height: 17px;">
<td style="vertical-align: middle; height: 17px; width: 26.4706%;"><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">People Committee</font>


</td>
<td style="vertical-align: top; height: 17px; text-align: center; width: 11.7647%;"><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">100%</font>


</td>
<td style="vertical-align: top; height: 17px; text-align: center; width: 16.6667%;"><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">0%</font>


</td>
<td style="vertical-align: top; height: 17px; text-align: center; width: 10.2941%;"><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">0%</font>


</td>
<td style="vertical-align: top; height: 17px; text-align: center; width: 11.6422%;"><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">0%</font>


</td>
<td style="vertical-align: top; height: 17px; text-align: center; width: 11.7647%;"><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">0%</font>


</td>
<td style="vertical-align: top; height: 17px; text-align: center; width: 11.2745%;"><font style="font-family: 'Century Gothic'; font-size: 8pt; font-weight: bold; line-height: inherit;">100%</font>


</td>




















</tr>
<tr style="height: 17px;">
<td style="vertical-align: middle; height: 17px; width: 26.4706%;"><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">Financial Risks Committee</font>


</td>
<td style="vertical-align: top; height: 17px; text-align: center; width: 11.7647%;"><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">0%</font>


</td>
<td style="vertical-align: top; height: 17px; text-align: center; width: 16.6667%;"><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">0%</font>


</td>
<td style="vertical-align: top; height: 17px; text-align: center; width: 10.2941%;"><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">0%</font>


</td>
<td style="vertical-align: top; height: 17px; text-align: center; width: 11.6422%;"><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">0%</font>


</td>
<td style="vertical-align: top; height: 17px; text-align: center; width: 11.7647%;"><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">0%</font>


</td>
<td style="vertical-align: top; height: 17px; text-align: center; width: 11.2745%;"><font style="font-family: 'Century Gothic'; font-size: 8pt; font-weight: bold; line-height: inherit;">0%</font>


</td>




















</tr>
<tr style="height: 17px;">
<td style="vertical-align: middle; height: 17px; width: 26.4706%;"><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">Conduct Committee</font>


</td>
<td style="vertical-align: top; height: 17px; text-align: center; width: 11.7647%;"><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">100%</font>


</td>
<td style="vertical-align: top; height: 17px; text-align: center; width: 16.6667%;"><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">0%</font>


</td>
<td style="vertical-align: top; height: 17px; text-align: center; width: 10.2941%;"><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">0%</font>


</td>
<td style="vertical-align: top; height: 17px; text-align: center; width: 11.6422%;"><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">0%</font>


</td>
<td style="vertical-align: top; height: 17px; text-align: center; width: 11.7647%;"><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">0%</font>


</td>
<td style="vertical-align: top; height: 17px; text-align: center; width: 11.2745%;"><font style="font-family: 'Century Gothic'; font-size: 8pt; font-weight: bold; line-height: inherit;">100%</font>


</td>




















</tr>









































</table>
<p style="margin: 10pt 0pt; text-indent: 0pt;"><font style="font-family: 'Century Gothic'; font-size: 10pt; line-height: inherit;">&nbsp;</font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">The following table shows each component&#8217;s share of total management compensation in 2021, broken down as per item 8.2</font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">.</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: 10.8pt;">
<td colspan="7" style="vertical-align: top; text-align: center; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;"><font style="font-family: 'Century Gothic'; font-size: 8pt; font-weight: bold; line-height: inherit;">% of the total compensation paid as</font>


</td>




















</tr>
<tr style="height: 10.8pt;">
<td style="vertical-align: middle; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;"><font style="font-family: 'Century Gothic'; font-size: 8pt; font-weight: bold; line-height: inherit;">Management Body</font>


</td>
<td style="vertical-align: middle; text-align: center; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;"><font style="color: #000000; font-family: 'Century Gothic'; 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; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Fixed compensation</font></td>
<td style="vertical-align: middle; text-align: center; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;"><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; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Century Gothic'; font-size: 8pt; font-weight: bold; line-height: inherit;">Variable<font>&nbsp;</font></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; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Century Gothic'; font-size: 8pt; font-weight: bold; line-height: inherit;">compensation</font></td>
<td style="vertical-align: middle; text-align: center; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;"><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; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Century Gothic'; font-size: 8pt; font-weight: bold; line-height: inherit;">Post-retirement<font>&nbsp;</font></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; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Century Gothic'; font-size: 8pt; font-weight: bold; line-height: inherit;">benefit</font></td>
<td style="vertical-align: middle; text-align: center; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;"><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; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Century Gothic'; font-size: 8pt; font-weight: bold; line-height: inherit;">Benefits due to the interruption in the<font>&nbsp;</font></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; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Century Gothic'; font-size: 8pt; font-weight: bold; line-height: inherit;">exercise of the position</font></td>
<td style="vertical-align: middle; text-align: center; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;"><font style="color: #000000; font-family: 'Century Gothic'; 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; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Stock-based compensation</font></td>
<td style="vertical-align: middle; text-align: center; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;"><font style="font-family: 'Century Gothic'; font-size: 8pt; font-weight: bold; line-height: inherit;"><font style="color: #000000; font-family: 'Century Gothic'; 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; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Total</font>Total</font>


</td>




















</tr>
<tr style="height: 10.8pt;">
<td style="vertical-align: middle; width: 28%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;"><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">Board of Directors</font>


</td>
<td style="vertical-align: top; width: 12%; text-align: center; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;"><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">100%</font>


</td>
<td style="vertical-align: top; width: 12%; text-align: center; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;"><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">0%</font>


</td>
<td style="vertical-align: top; width: 12%; text-align: center; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;"><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">0%</font>


</td>
<td style="vertical-align: top; width: 12%; text-align: center; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;"><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">0%</font>


</td>
<td style="vertical-align: top; width: 12%; text-align: center; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;"><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">0%</font>


</td>
<td style="vertical-align: top; width: 12%; text-align: center; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;"><font style="font-family: 'Century Gothic'; font-size: 8pt; font-weight: bold; line-height: inherit;">100%</font>


</td>




















</tr>
<tr style="height: 10.95pt;">
<td style="vertical-align: middle;"><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">Fiscal Council</font>


</td>
<td style="vertical-align: top; text-align: center;"><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">100%</font>


</td>
<td style="vertical-align: top; text-align: center;"><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">0%</font>


</td>
<td style="vertical-align: top; text-align: center;"><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">0%</font>


</td>
<td style="vertical-align: top; text-align: center;"><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">0%</font>


</td>
<td style="vertical-align: top; text-align: center;"><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">0%</font>


</td>
<td style="vertical-align: top; text-align: center;"><font style="font-family: 'Century Gothic'; font-size: 8pt; font-weight: bold; line-height: inherit;">100%</font>


</td>




















</tr>
<tr style="height: 11.4pt;">
<td style="vertical-align: middle;"><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">Statutory Executive Officers</font>


</td>
<td style="vertical-align: top; text-align: center;"><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">30%</font>


</td>
<td style="vertical-align: top; text-align: center;"><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">29%</font>


</td>
<td style="vertical-align: top; text-align: center;"><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">3%</font>


</td>
<td style="vertical-align: top; text-align: center;"><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">10%</font>


</td>
<td style="vertical-align: top; text-align: center;"><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">28%</font>


</td>
<td style="vertical-align: top; text-align: center;"><font style="font-family: 'Century Gothic'; font-size: 8pt; font-weight: bold; line-height: inherit;">100%</font>


</td>




















</tr>
<tr style="height: 11.3pt;">
<td style="vertical-align: middle;"><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">Strategy Committee</font>


</td>
<td style="vertical-align: top; text-align: center;"><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">100%</font>


</td>
<td style="vertical-align: top; text-align: center;"><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">0%</font>


</td>
<td style="vertical-align: top; text-align: center;"><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">0%</font>


</td>
<td style="vertical-align: top; text-align: center;"><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">0%</font>


</td>
<td style="vertical-align: top; text-align: center;"><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">0%</font>


</td>
<td style="vertical-align: top; text-align: center;"><font style="font-family: 'Century Gothic'; font-size: 8pt; font-weight: bold; line-height: inherit;">100%</font>


</td>




















</tr>
<tr style="height: 11.3pt;">
<td style="vertical-align: middle;"><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">Audit and Risks Committee</font>


</td>
<td style="vertical-align: top; text-align: center;"><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">100%</font>


</td>
<td style="vertical-align: top; text-align: center;"><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">0%</font>


</td>
<td style="vertical-align: top; text-align: center;"><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">0%</font>


</td>
<td style="vertical-align: top; text-align: center;"><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">0%</font>


</td>
<td style="vertical-align: top; text-align: center;"><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">0%</font>


</td>
<td style="vertical-align: top; text-align: center;"><font style="font-family: 'Century Gothic'; font-size: 8pt; font-weight: bold; line-height: inherit;">100%</font>


</td>




















</tr>
<tr style="height: 11.3pt;">
<td style="vertical-align: middle;"><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">People Committee</font>


</td>
<td style="vertical-align: top; text-align: center;"><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">100%</font>


</td>
<td style="vertical-align: top; text-align: center;"><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">0%</font>


</td>
<td style="vertical-align: top; text-align: center;"><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">0%</font>


</td>
<td style="vertical-align: top; text-align: center;"><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">0%</font>


</td>
<td style="vertical-align: top; text-align: center;"><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">0%</font>


</td>
<td style="vertical-align: top; text-align: center;"><font style="font-family: 'Century Gothic'; font-size: 8pt; font-weight: bold; line-height: inherit;">100%</font>


</td>




















</tr>
<tr style="height: 11.3pt;">
<td style="vertical-align: middle;"><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">Financial Risks Committee</font>


</td>
<td style="vertical-align: top; text-align: center;"><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">0%</font>


</td>
<td style="vertical-align: top; text-align: center;"><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">0%</font>


</td>
<td style="vertical-align: top; text-align: center;"><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">0%</font>


</td>
<td style="vertical-align: top; text-align: center;"><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">0%</font>


</td>
<td style="vertical-align: top; text-align: center;"><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">0%</font>


</td>
<td style="vertical-align: top; text-align: center;"><font style="font-family: 'Century Gothic'; font-size: 8pt; font-weight: bold; line-height: inherit;">0%</font>


</td>




















</tr>
<tr style="height: 9.7pt;">
<td style="vertical-align: middle;"><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">Conduct Committee</font>


</td>
<td style="vertical-align: top; text-align: center;"><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">100%</font>


</td>
<td style="vertical-align: top; text-align: center;"><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">0%</font>


</td>
<td style="vertical-align: top; text-align: center;"><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">0%</font>


</td>
<td style="vertical-align: top; text-align: center;"><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">0%</font>


</td>
<td style="vertical-align: top; text-align: center;"><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">0%</font>


</td>
<td style="vertical-align: top; text-align: center;"><font style="font-family: 'Century Gothic'; font-size: 8pt; font-weight: bold; line-height: inherit;">100%</font>


</td>




















</tr>









































</table>
<p style="margin: 0px; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 10pt; line-height: inherit;">&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'>82</font></font></td>















</tr>































</table>
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</div>
<div style="width: 8.5in; margin: 0 auto;">
<ul>
<li style="font-family: Symbol; font-size: 9pt; line-height: 108%; margin: 0pt 0pt 8pt 48.84pt; padding-left: 8.71pt; text-align: justify; text-indent: 0pt;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold; line-height: inherit;">Calculation and adjustment methodology</font></li>




















</ul>
<p style="margin: 0pt; text-indent: 0pt;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold; text-decoration: underline; line-height: inherit;">Board of Directors </font></p>
<ul>
<li style="font-family: Symbol; font-size: 8pt; line-height: 120%; list-style-position: inside; margin: 0pt 0pt 6pt 28.35pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify; text-indent: 0pt;"><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">Fixed compensation: the fixed compensation of members of the Board of Directors is defined based on responsibility and complexity of the position, as well as market surveys of companies of a size, complexity and activities similar to Ultrapar. As of 2023, total compensation relates to the term of office, where part of the fixed compensation is allocated to monthly fees, and part is converted into shares, granted once at the beginning of the term of office, with a vesting period tied to the term of office and an additional lockup period after the vesting. The calculation of the number of shares to be granted will consider the average value of the 30 trading sessions that preceded the grant.</font></li>




















</ul>
<p><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold; text-decoration: underline; line-height: inherit;">Fiscal Council</font></p>
<ul>
<li style="font-family: Symbol; font-size: 8pt; line-height: 120%; list-style-position: inside; margin: 0pt 0pt 6pt 28.35pt; text-align: justify; text-indent: 0pt;"><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">Fixed compensation: the fixed compensation of members of the Fiscal Council is reviewed annually</font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;"> and considers </font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">the compensation paid to the Statutory Executive Officers, and </font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">market surveys of companies of a size and complexity similar to Ultrapar. Additional details on the elements that make up compensation and their purposes are described in item 8.1.c.i.</font></li>




















</ul>
<p style="margin: 0pt 0pt 10pt; text-indent: 0pt;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold; text-decoration: underline; line-height: inherit;">Statutory Executive Officers</font></p>
<p style="line-height: 1.2;"><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">The Statutory Executive Officers&#8217; fixed and short-term variable compensations consider other companies of a size, complexity and activities similar to Ultrapar, applying a methodology to allocate value to positions in line with factors such as required knowledge, problem-solving capability, and potential impact on results. The sum of the fixed and short-term variable components is intended to maintain competitiveness when compared to the already defined reference market if the agreed targets are 100% reached. Since October 2023, the variable compensation of the Statutory Board is also subject to the Corporate Clawback Policy.</font></p>
<ul>
<li style="font-family: Symbol; font-size: 8pt; line-height: 120%; list-style-position: inside; margin: 0pt 0pt 6pt 28.35pt; text-align: justify; text-indent: 0pt;"><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">Fixed compensation: reviewed annually taking market practices into consideration, as identified in salary surveys (considering companies of a size, complexity and activities similar to Ultrapar and its businesses), as well as individual experience and responsibilities evolution. Benefits are aligned with market practices.</font></li>
<li style="font-family: Symbol; font-size: 8pt; line-height: 120%; list-style-position: inside; margin: 0pt 0pt 6pt 28.35pt; text-align: justify; text-indent: 0pt;"><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">Short-term variable compensation: based on the profit-sharing concept, this component is planned as a salary multiple that varies according to the executive&#8217;s level and market reference. It is contingent on the attainment of the Company&#8217;s financial targets and individual targets, all in line with the strategic plan as approved by the Board of Directors, representing 70% and 30% of its composition, respectively. Since 2022, executives have at least 1/3 of the individual non-financial goals related to ESG agenda.</font></li>
<li style="font-family: Symbol; font-size: 8pt; line-height: 120%; list-style-position: inside; margin: 0pt 0pt 6pt 28.35pt; text-align: justify; text-indent: 0pt;"><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">Stock option plan: the amount of shares to be granted to executives is set annually by the Board of Directors. The amount granted in 2023 considers the average share price of the 30 trading sessions preceding the granting of shares. Since 2022, the long-term incentive agreements shall include the malus clause, which provides for the retention of the unvested shares upon verification of fraud or material mistakes in the financial statements that benefited the executive officer unlawfully. In 2024, the Stock Ownership Guidelines (SOG) became effective, requiring executives to maintain a portion of their stock-based compensation while performing their duties in the Company. </font></li>
<li style="font-family: Symbol; font-size: 8pt; line-height: 120%; list-style-position: inside; margin: 0pt 0pt 6pt 28.35pt; text-align: justify; text-indent: 0pt;"><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">Post-retirement benefit: to encourage long-term savings, Ultrapar has since 2001 offered a defined contribution supplementary pension plan managed by Ultraprev &#8211; </font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-style: italic; line-height: inherit;">Associa&#231;&#227;o de Previd&#234;ncia Complementar</font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">. According to the plan, each executive&#8217;s basic contribution is optional and calculated as a percentage of his/her salary. Ultrapar matches the basic contribution with an equal amount on behalf of the executive, limited to 11% of the monthly reference salary. Furthermore, in addition to contributions to the FGTS system, Ultrapar established in 2010 an end-of-career policy intended to prepare executives for severance and to enable a planned and orderly succession process. This policy us periodically reviewed. The amount of the post-retirement benefit arising from this policy consists in potential additional compensation upon severance.</font></li>











</ul>













</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'>83</font></font></td>















</tr>































</table>
<hr class="horizontalLineRemoved" style="border-bottom-color: #000000; border-top-color: #000000; color: #000000; background-color: #000000;"></hr>
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</div>
<div>
<div style="width: 8.5in; margin: 0 auto;">
<p style="margin:0pt"><br></p>
<p><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold; text-decoration: underline; line-height: inherit;">People Committee</font></p>
<ul>
<li style="font-family: Symbol; font-size: 8pt; line-height: 120%; list-style-position: inside; margin: 0pt 0pt 6pt 28.35pt; text-align: justify; text-indent: 0pt;"><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">Membership compensation: set based on a board member&#8217;s fees, which in turn are based on market assessments, considering Ultrapar&#8217;s peer companies.</font></li>




















</ul>
<p><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold; text-decoration: underline; line-height: inherit;">Strategy Committee</font></p>
<ul>
<li style="font-family: Symbol; font-size: 8pt; line-height: 120%; list-style-position: inside; margin: 0pt 0pt 6pt 28.35pt; text-align: justify; text-indent: 0pt;"><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">Membership compensation: set based on a board member&#8217;s fees, which in turn are based on market assessments, considering Ultrapar&#8217;s peer companies.</font></li>




















</ul>
<p><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold; text-decoration: underline; line-height: inherit;">Audit and Risks Committee</font></p>
<ul>
<li style="font-family: Symbol; font-size: 8pt; line-height: 120%; list-style-position: inside; margin: 0pt 0pt 6pt 28.35pt; text-align: justify; text-indent: 0pt;"><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">Membership compensation: set based on a board member&#8217;s fees, which in turn are based on market assessments, considering Ultrapar&#8217;s peer companies.</font></li>




















</ul>
<p><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold; text-decoration: underline; line-height: inherit;">Financial Risks Committee</font></p>
<ul>
<li style="font-family: Symbol; font-size: 8pt; line-height: 120%; list-style-position: inside; margin: 0pt 0pt 6pt 28.35pt; text-align: justify; text-indent: 0pt;"><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">Membership compensation: members of the Financial Risks Committee do not earn additional compensation for membership.</font></li>




















</ul>
<p><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold; text-decoration: underline; line-height: inherit;">Conduct Committee</font></p>
<ul>
<li style="font-family: Symbol; font-size: 8pt; line-height: 120%; list-style-position: inside; margin: 0pt 0pt 6pt 28.35pt; text-align: justify; text-indent: 0pt;"><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">Membership compensation: members of the Conduct Committee, with the exception of the external member, do not earn additional compensation for membership. The external member earns compensation based on market practices, as discussed above.</font></li>

















</ul>
<ul>
<li style="margin-left: -24px; font-family: Symbol; font-size: 9pt; line-height: 108%; padding-left: 8.71pt; text-align: justify; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold; line-height: inherit;">Key performance indicators considered, including, if applicable, those related to ESG purposes</font></li>



</ul>
<ul>
<li style="font-family: Symbol; font-size: 8pt; line-height: 120%; list-style-position: inside; margin: 0pt 0pt 6pt; text-align: justify; text-indent: 0pt; margin-left: -28px;"><font style="font-style: normal; font-variant: normal; font-kerning: auto; font-optical-sizing: auto; font-feature-settings: normal; font-variation-settings: normal; font-weight: normal; font-stretch: normal; font-size: 7pt; line-height: inherit; font-family: 'Times New Roman';">&nbsp;&nbsp;&nbsp; </font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">Fixed compensation: the position&#8217;s responsibilities and complexity, the professional&#8217;s experience and market practices.</font></li>
<li style="font-family: Symbol; font-size: 8pt; line-height: 120%; list-style-position: inside; margin: 0pt 0pt 6pt; text-align: justify; text-indent: 0pt; margin-left: -26px;"><font style="font-style: normal; font-variant: normal; font-kerning: auto; font-optical-sizing: auto; font-feature-settings: normal; font-variation-settings: normal; font-weight: normal; font-stretch: normal; font-size: 7pt; line-height: inherit; font-family: 'Times New Roman';">&nbsp;&nbsp;&nbsp; </font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">Short-term variable compensation: (i) annually, EBITDA and operating cash flow targets are set and, as from 2024, EVA</font><font style="font-family: 'Century Gothic'; font-size: 6pt; vertical-align: super; line-height: inherit;">&#174;</font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;"> Is set for each business and Ultrapar, in line with the strategic plan approved by the Board of Directors, and (ii) individual goals, the majority of which are tangible and associated with the business&#8217;s operating and commercial performance, people development, and project execution, among other objectives, are similarly in line with the strategic plan as approved by the Board of Directors.</font> <font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">Since 2022, executives have at least 1/3 (one third) of the individual non-financial goals related to ESG agenda.</font></li>
<li style="font-family: Symbol; font-size: 8pt; line-height: 120%; list-style-position: inside; margin: 0pt 0pt 6pt; text-align: justify; text-indent: 0pt; margin-left: -26px;"><font style="font-style: normal; font-variant: normal; font-kerning: auto; font-optical-sizing: auto; font-feature-settings: normal; font-variation-settings: normal; font-weight: normal; font-stretch: normal; font-size: 7pt; line-height: inherit; font-family: 'Times New Roman';">&nbsp;&nbsp;&nbsp; </font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">Stock-based incentive plan: performance evolution over time and expected contribution to the Company&#8217;s value creation. According to the stock-based incentive plan in force, </font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">approved by the General Shareholders&#8217; Meeting</font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;"> held on April 19, 2017, three programs exist, one tied exclusively to executives&#8217; period of permanence with the Company, and the other two covering two equal portions: one contingent on continued ties with the Company, and the other contingent on the attainment of financial targets previously set by the Board of Directors. Since 2020, grants were set based on economic value-added (EVA</font><font style="font-family: 'Century Gothic'; font-size: 6pt; vertical-align: super; line-height: inherit;">&#174;</font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">), in line with the Company&#8217;s strategic plan. The stock-based incentive plan approved at the Extraordinary General Shareholders&#8217; Meeting </font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">held on</font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;"> 2023 sets forth new programs, which continue the strategy established previously. For the 2024 cycle, the target of the long-term incentive program will be granted in two parts, </font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">with </font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">one without </font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">not tied to specific goals</font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;"> and the other conditioned to the executives' individual and collective performance, both linked to the period of permanence according to the rules established in the programs.</font></li>
<li style="font-family: Symbol; font-size: 8pt; line-height: 120%; list-style-position: inside; margin: 0pt 0pt 6pt; text-align: justify; text-indent: 0pt; margin-left: -26px;"><font style="font-style: normal; font-variant: normal; font-kerning: auto; font-optical-sizing: auto; font-feature-settings: normal; font-variation-settings: normal; font-weight: normal; font-stretch: normal; font-size: 7pt; line-height: inherit; font-family: 'Times New Roman';">&nbsp;&nbsp;&nbsp; </font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">Post-retirement benefit: not tied to performance indicators.</font></li>











</ul>













</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>















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<div style="margin: 0pt 0pt 0pt -21pt; padding-left: 0pt; line-height: 1.2; text-indent: 0pt;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold; line-height: inherit; padding-left: 24.17pt; text-align: justify; text-indent: 0pt; margin: 0pt 0pt 8pt 0pt !important;"><font style="line-height: inherit;">ii.  </font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold; line-height: inherit;">Reasons supporting the composition of the compensation</font></font></div>
<p style="margin: 0pt; text-indent: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">The Company&#8217;s compensation strategy combines short and long-term elements, and fixed and variable components that are balanced based on the principles of interests&#8217; alignment and competitive compensation. The aim is to retain executives, encourage superior performance, and provide appropriate compensation in line with the responsibilities assigned thereto and the value they create for the Company and its shareholders. </font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">&nbsp;</font></p>
<div style="margin: 0pt; padding-left: 0pt; line-height: 1.2; margin-left: -24px;"><br></div>
<div style="margin: 0pt; padding-left: 0pt; line-height: 1.2; margin-left: -24px;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold; line-height: inherit; padding-left: 22.01pt; text-align: justify; text-indent: 0pt; margin: 0pt 0pt 8pt 0pt !important;"><font style="line-height: inherit;">iii.  </font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold; line-height: inherit;">The existence of non-compensated members and supporting reasons</font></font></div>
<p style="text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">All members of the Board of Directors, Statutory Executive Officers and advisory committees to the Board of Directors earn compensation. On the Board of Directors, the exception is made to members who also hold an executive position, who shall be compensated exclusively for the position as an Executive Officer. Regarding the Fiscal Council, all effective members are compensated. The alternate members do not receive compensation, as they do not hold the positions or exercise any activity in the Company.</font></p>
<p style="text-align: justify;;margin:0pt"><br></p>
<p style="text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">Except for the Conduct Committee&#8217;s external member, the other members of said committee and all members of the Financial Risks Committee do not earn additional compensation from the Company or its subsidiaries for membership, as it is understood that the compensation received in the original position of each member already includes participation in other management bodies.</font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin:0pt"><br></p>
<div style="margin: 0pt; padding-left: 0pt; line-height: 1.2;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold; line-height: inherit; list-style-position: inside; text-align: justify; text-indent: 0pt; margin: 0pt 0pt 6pt 0pt !important;"><font style="line-height: inherit;">d.  </font> <font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold; text-decoration: underline; line-height: inherit;">Existence of compensation supported by subsidiaries, or directly or indirectly controlling shareholders </font></font></div>
<p style="text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">The entire compensation of the Board of Directors and Fiscal Council is paid by the Company directly.</font></p>
<p style="text-align: justify;;margin:0pt"><br></p>
<p style="text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">For the Statutory Executive Officers, part of the compensation is directly recognized by the Company, and the remaining part is supported by its subsidiaries. For a breakdown of amounts supported by each subsidiary and the nature of such payments see item 8.19</font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">.</font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin:0pt"><br></p>
<div style="margin: 0pt; padding-left: 0pt; line-height: 1.2;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold; line-height: inherit; list-style-position: inside; text-align: justify; text-indent: 0pt; margin: 0pt 0pt 6pt 0pt !important;"><font style="line-height: inherit;">e.  </font> <font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold; text-decoration: underline; line-height: inherit;">Existence of compensation or benefits tied to the occurrence of specific corporate events, such as transfer of the issuer&#8217;s controlling equity stake</font></font></div>
<p style="text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">The long-term incentive programs approved by the Board of Directors until 2020 do not provide for compensation or benefit subject to corporate events. As of 2021, the grants have such compensation or benefit is possible, in conformity with the Corporate Executive Compensation Policy approved by the Board of Directors in December 2020</font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">.&nbsp;</font></p>
<p><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">&nbsp;&nbsp;</font></p>
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<div style="margin: 0pt 0pt 8pt; text-indent: 0pt;"><font style="font-size: 9pt; font-family: 'Century Gothic'; font-weight: bold; line-height: inherit;">8</font><font style="font-size: 9pt; font-family: 'Century Gothic'; font-weight: bold; line-height: inherit;">.2 </font><font style="font-size: 9pt; font-family: 'Century Gothic'; font-weight: bold; line-height: inherit;">&#8211;</font> <font style="font-size: 9pt; font-family: 'Century Gothic'; font-weight: bold; line-height: inherit;">Total compensation of the members of the Board of Directors, Statutory Executive Officers and Fiscal Council</font><br></div>
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<p style="font-size: 9pt; line-height: 1.2; margin: 0pt 0pt 8pt;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold; line-height: inherit;">Total compensation estimated for the current fiscal year 2024 &#8211; Annual values (in thousands of Brazilian </font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-style: italic; font-weight: bold; line-height: inherit;">Reais</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold; line-height: inherit;">, except for number of members)</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>







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<p style="font-size: 9pt; line-height: 1.2; margin: 0pt 0pt 8pt;"><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">&nbsp;</font></p>







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<p style="font-size: 9pt; line-height: 108%; margin: 0pt 0pt 8pt; text-align: center;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold; line-height: inherit;">Board of Directors</font></p>







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<p style="font-size: 9pt; line-height: 108%; margin: 0pt 0pt 8pt; text-align: center;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold; line-height: inherit;">Statutory Executive Officers</font></p>







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<p style="font-size: 9pt; line-height: 108%; margin: 0pt 0pt 8pt; text-align: center;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold; line-height: inherit;">Fiscal Council</font></p>







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<td style="background-color: #bfbfbf; padding-left: 3.5pt; padding-right: 3.5pt; height: 10px; vertical-align: middle; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #000000 !important;" valign="middle">
<p style="font-size: 9pt; line-height: 108%; margin: 0pt 0pt 8pt; text-align: center;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold; line-height: inherit;">TOTAL</font></p>







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<p style="font-size: 9pt; line-height: 108%; margin: 0pt 0pt 8pt;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">Total number of members</font></p>







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<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; width: 20%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #a6a6a6 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #a6a6a6 !important;">
<p style="font-size: 9pt; line-height: 108%; margin: 0pt 0pt 8pt; text-align: right;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">9</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">.</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">00</font></p>







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<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; width: 20%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #a6a6a6 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #a6a6a6 !important;">
<p style="font-size: 9pt; line-height: 108%; margin: 0pt 0pt 8pt; text-align: right;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">5</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">.</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">00</font></p>







</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; width: 20%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #a6a6a6 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #a6a6a6 !important;">
<p style="font-size: 9pt; line-height: 108%; margin: 0pt 0pt 8pt; text-align: right;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">6</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">.</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">00</font></p>







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<td style="background-color: #d9d9d9; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; width: 18%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #a6a6a6 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #000000 !important;">
<p style="font-size: 9pt; line-height: 108%; margin: 0pt 0pt 8pt; text-align: right;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">20</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">.</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">00</font></p>







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<td style="background-color: #d9d9d9; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 24px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #a6a6a6 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #a6a6a6 !important; border-left-width: 1px; border-left-style: solid; border-left-color: #000000 !important;">
<p style="font-size: 9pt; line-height: 108%; margin: 0pt 0pt 8pt;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">Number of compensated members</font></p>







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<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 24px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #a6a6a6 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #a6a6a6 !important;">
<p style="font-size: 9pt; line-height: 108%; margin: 0pt 0pt 8pt; text-align: right;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">8</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">.</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">00</font></p>







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<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 24px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #a6a6a6 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #a6a6a6 !important;">
<p style="font-size: 9pt; line-height: 108%; margin: 0pt 0pt 8pt; text-align: right;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">5</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">.</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">00</font></p>







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<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 24px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #a6a6a6 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #a6a6a6 !important;">
<p style="font-size: 9pt; line-height: 108%; margin: 0pt 0pt 8pt; text-align: right;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">3</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">.</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">00</font></p>







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<td style="background-color: #d9d9d9; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 24px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #a6a6a6 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #000000 !important;">
<p style="font-size: 9pt; line-height: 108%; margin: 0pt 0pt 8pt; text-align: right;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">16</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">.</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">00</font></p>







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<td style="background-color: #d9d9d9; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #a6a6a6 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #a6a6a6 !important; border-left-width: 1px; border-left-style: solid; border-left-color: #000000 !important;">
<p style="font-size: 9pt; line-height: 108%; margin: 0pt 0pt 8pt;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">Annual fixed compensation </font></p>







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<td style="background-color: #d9d9d9; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #a6a6a6 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #a6a6a6 !important;">
<p style="font-size: 9pt; line-height: 108%; margin: 0pt 0pt 8pt; text-align: right;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">6</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">,</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">384</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">.</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">0</font></p>







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<td style="background-color: #d9d9d9; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #a6a6a6 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #a6a6a6 !important;">
<p style="font-size: 9pt; line-height: 108%; margin: 0pt 0pt 8pt; text-align: right;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">17</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">,</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">170</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">.</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">3</font></p>







</td>
<td style="background-color: #d9d9d9; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #a6a6a6 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #a6a6a6 !important;">
<p style="font-size: 9pt; line-height: 108%; margin: 0pt 0pt 8pt; text-align: right;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">858</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">.</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">0</font></p>







</td>
<td style="background-color: #d9d9d9; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #a6a6a6 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #000000 !important;">
<p style="font-size: 9pt; line-height: 108%; margin: 0pt 0pt 8pt; text-align: right;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">24</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">.</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">412</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">,</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">3</font></p>







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<td style="background-color: #d9d9d9; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 24px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #a6a6a6 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #a6a6a6 !important; border-left-width: 1px; border-left-style: solid; border-left-color: #000000 !important;">
<p style="font-size: 9pt; line-height: 108%; margin: 0pt 0pt 8pt;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">Salary or fees</font></p>







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<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 24px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #a6a6a6 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #a6a6a6 !important;">
<p style="font-size: 9pt; line-height: 108%; margin: 0pt 0pt 8pt; text-align: right;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">4</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">,</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">464</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">.</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">0</font></p>







</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 24px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #a6a6a6 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #a6a6a6 !important;">
<p style="font-size: 9pt; line-height: 108%; margin: 0pt 0pt 8pt; text-align: right;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">13</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">,</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">150</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">.</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">0</font></p>







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<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 24px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #a6a6a6 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #a6a6a6 !important;">
<p style="font-size: 9pt; line-height: 108%; margin: 0pt 0pt 8pt; text-align: right;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">858</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">.</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">0</font></p>







</td>
<td style="background-color: #f2f2f2; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 24px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #a6a6a6 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #000000 !important;">
<p style="font-size: 9pt; line-height: 108%; margin: 0pt 0pt 8pt; text-align: right;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">18</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">,</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">472</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">.</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">0</font></p>







</td>







</tr>
<tr style="height: 24px;">
<td style="background-color: #d9d9d9; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 24px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #a6a6a6 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #a6a6a6 !important; border-left-width: 1px; border-left-style: solid; border-left-color: #000000 !important;">
<p style="font-size: 9pt; line-height: 108%; margin: 0pt 0pt 8pt;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">Direct and indirect benefits</font></p>







</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 24px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #a6a6a6 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #a6a6a6 !important;">
<p style="font-size: 9pt; line-height: 108%; margin: 0pt 0pt 8pt; text-align: right;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">0</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">.</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">0</font></p>







</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 24px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #a6a6a6 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #a6a6a6 !important;">
<p style="font-size: 9pt; line-height: 108%; margin: 0pt 0pt 8pt; text-align: right;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">1</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">,</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">384</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">.</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">5</font></p>







</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 24px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #a6a6a6 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #a6a6a6 !important;">
<p style="font-size: 9pt; line-height: 108%; margin: 0pt 0pt 8pt; text-align: right;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">0</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">.</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">0</font></p>







</td>
<td style="background-color: #f2f2f2; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 24px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #a6a6a6 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #000000 !important;">
<p style="font-size: 9pt; line-height: 108%; margin: 0pt 0pt 8pt; text-align: right;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">1</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">,</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">384</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">.</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">5</font></p>







</td>







</tr>
<tr style="height: 10px;">
<td style="background-color: #d9d9d9; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #a6a6a6 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #a6a6a6 !important; border-left-width: 1px; border-left-style: solid; border-left-color: #000000 !important;">
<p style="font-size: 9pt; line-height: 108%; margin: 0pt 0pt 8pt;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">Participation in committees</font></p>







</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #a6a6a6 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #a6a6a6 !important;">
<p style="font-size: 9pt; line-height: 108%; margin: 0pt 0pt 8pt; text-align: right;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">1</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">,</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">920</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">.</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">0</font></p>







</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #a6a6a6 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #a6a6a6 !important;">
<p style="font-size: 9pt; line-height: 108%; margin: 0pt 0pt 8pt; text-align: right;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">0</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">.</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">0</font></p>







</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #a6a6a6 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #a6a6a6 !important;">
<p style="font-size: 9pt; line-height: 108%; margin: 0pt 0pt 8pt; text-align: right;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">0</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">.</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">0</font></p>







</td>
<td style="background-color: #f2f2f2; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #a6a6a6 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #000000 !important;">
<p style="font-size: 9pt; line-height: 108%; margin: 0pt 0pt 8pt; text-align: right;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">1</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">,</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">920</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">.</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">0</font></p>







</td>







</tr>
<tr style="height: 10px;">
<td style="background-color: #d9d9d9; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #a6a6a6 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #a6a6a6 !important; border-left-width: 1px; border-left-style: solid; border-left-color: #000000 !important;">
<p style="font-size: 9pt; line-height: 108%; margin: 0pt 0pt 8pt;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">Others</font></p>







</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #a6a6a6 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #a6a6a6 !important;">
<p style="font-size: 9pt; line-height: 108%; margin: 0pt 0pt 8pt; text-align: right;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">0</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">.</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">0</font></p>







</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #a6a6a6 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #a6a6a6 !important;">
<p style="font-size: 9pt; line-height: 108%; margin: 0pt 0pt 8pt; text-align: right;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">2</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">,</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">635</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">.</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">8</font></p>







</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #a6a6a6 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #a6a6a6 !important;">
<p style="font-size: 9pt; line-height: 108%; margin: 0pt 0pt 8pt; text-align: right;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">0</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">.</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">0</font></p>







</td>
<td style="background-color: #f2f2f2; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #a6a6a6 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #000000 !important;">
<p style="font-size: 9pt; line-height: 108%; margin: 0pt 0pt 8pt; text-align: right;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">2</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">,</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">635</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">.</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">8</font></p>







</td>







</tr>
<tr style="height: 10px;">
<td style="background-color: #d9d9d9; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #a6a6a6 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #a6a6a6 !important; border-left-width: 1px; border-left-style: solid; border-left-color: #000000 !important;">
<p style="font-size: 9pt; line-height: 108%; margin: 0pt 0pt 8pt;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">Description of other fixed compensation</font></p>







</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #a6a6a6 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #a6a6a6 !important;">
<p style="font-size: 9pt; line-height: 108%; margin: 0pt 0pt 8pt;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">Does not include estimates of social charges that are the employer's onus, as specified in the Of&#237;cio Circular/CVM/SEP/</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">2024</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">.</font></p>







</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #a6a6a6 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #a6a6a6 !important;">
<p style="font-size: 9pt; line-height: 108%; margin: 0pt 0pt 8pt;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">Does not include estimates of social charges that are the employer's onus, as specified in the Of&#237;cio Circular/CVM/SEP/</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">2024</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">.</font></p>







</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #a6a6a6 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #a6a6a6 !important;">
<p style="font-size: 9pt; line-height: 108%; margin: 0pt 0pt 8pt;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">Does not include estimates of social charges that are the employer's onus, as specified in the Of&#237;cio Circular/CVM/SEP/2</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">024</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">.</font></p>







</td>
<td style="background-color: #f2f2f2; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #a6a6a6 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #000000 !important;">
<p style="font-size: 9pt; line-height: 108%; margin: 0pt 0pt 8pt; text-align: right;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">&nbsp;</font></p>







</td>







</tr>
<tr style="height: 10px;">
<td style="background-color: #d9d9d9; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #a6a6a6 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #a6a6a6 !important; border-left-width: 1px; border-left-style: solid; border-left-color: #000000 !important;">
<p style="font-size: 9pt; line-height: 108%; margin: 0pt 0pt 8pt;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">Variable compensation </font></p>







</td>
<td style="background-color: #d9d9d9; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #a6a6a6 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #a6a6a6 !important;">
<p style="font-size: 9pt; line-height: 108%; margin: 0pt 0pt 8pt; text-align: right;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">0</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">.</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">0</font></p>







</td>
<td style="background-color: #d9d9d9; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #a6a6a6 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #a6a6a6 !important;">
<p style="font-size: 9pt; line-height: 108%; margin: 0pt 0pt 8pt; text-align: right;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">15</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">,</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">650</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">.</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">0</font></p>







</td>
<td style="background-color: #d9d9d9; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #a6a6a6 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #a6a6a6 !important;">
<p style="font-size: 9pt; line-height: 108%; margin: 0pt 0pt 8pt; text-align: right;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">0</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">.</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">0</font></p>







</td>
<td style="background-color: #d9d9d9; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #a6a6a6 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #000000 !important;">
<p style="font-size: 9pt; line-height: 108%; margin: 0pt 0pt 8pt; text-align: right;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">15</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">,</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">650</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">.</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">0</font></p>







</td>







</tr>
<tr style="height: 10px;">
<td style="background-color: #d9d9d9; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #a6a6a6 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #a6a6a6 !important; border-left-width: 1px; border-left-style: solid; border-left-color: #000000 !important;">
<p style="font-size: 9pt; line-height: 108%; margin: 0pt 0pt 8pt;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">Bonus</font></p>







</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #a6a6a6 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #a6a6a6 !important;">
<p style="font-size: 9pt; line-height: 108%; margin: 0pt 0pt 8pt; text-align: right;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">0.0</font></p>







</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #a6a6a6 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #a6a6a6 !important;">
<p style="font-size: 9pt; line-height: 108%; margin: 0pt 0pt 8pt; text-align: right;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">0.0</font></p>







</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #a6a6a6 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #a6a6a6 !important;">
<p style="font-size: 9pt; line-height: 108%; margin: 0pt 0pt 8pt; text-align: right;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">0.0</font></p>







</td>
<td style="background-color: #f2f2f2; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #a6a6a6 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #000000 !important;">
<p style="font-size: 9pt; line-height: 108%; margin: 0pt 0pt 8pt; text-align: right;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">0,0</font></p>







</td>







</tr>
<tr style="height: 10px;">
<td style="background-color: #d9d9d9; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #a6a6a6 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #a6a6a6 !important; border-left-width: 1px; border-left-style: solid; border-left-color: #000000 !important;">
<p style="font-size: 9pt; line-height: 108%; margin: 0pt 0pt 8pt;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">Profit sharing</font></p>







</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #a6a6a6 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #a6a6a6 !important;">
<p style="font-size: 9pt; line-height: 108%; margin: 0pt 0pt 8pt; text-align: right;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">0.0</font></p>







</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #a6a6a6 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #a6a6a6 !important;">
<p style="font-size: 9pt; line-height: 108%; margin: 0pt 0pt 8pt; text-align: right;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">15,650.0</font></p>







</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #a6a6a6 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #a6a6a6 !important;">
<p style="font-size: 9pt; line-height: 108%; margin: 0pt 0pt 8pt; text-align: right;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">0.0</font></p>







</td>
<td style="background-color: #f2f2f2; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #a6a6a6 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #000000 !important;">
<p style="font-size: 9pt; line-height: 108%; margin: 0pt 0pt 8pt; text-align: right;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">15,650.0</font></p>







</td>







</tr>
<tr style="height: 10px;">
<td style="background-color: #d9d9d9; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #a6a6a6 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #a6a6a6 !important; border-left-width: 1px; border-left-style: solid; border-left-color: #000000 !important;">
<p style="font-size: 9pt; line-height: 108%; margin: 0pt 0pt 8pt;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">Compensation for the participation in meetings</font></p>







</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #a6a6a6 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #a6a6a6 !important;">
<p style="font-size: 9pt; line-height: 108%; margin: 0pt 0pt 8pt; text-align: right;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">0.0</font></p>







</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #a6a6a6 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #a6a6a6 !important;">
<p style="font-size: 9pt; line-height: 108%; margin: 0pt 0pt 8pt; text-align: right;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">0.0</font></p>







</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #a6a6a6 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #a6a6a6 !important;">
<p style="font-size: 9pt; line-height: 108%; margin: 0pt 0pt 8pt; text-align: right;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">0.0</font></p>







</td>
<td style="background-color: #f2f2f2; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #a6a6a6 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #000000 !important;">
<p style="font-size: 9pt; line-height: 108%; margin: 0pt 0pt 8pt; text-align: right;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">0.0</font></p>







</td>







</tr>
<tr style="height: 10px;">
<td style="background-color: #d9d9d9; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #a6a6a6 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #a6a6a6 !important; border-left-width: 1px; border-left-style: solid; border-left-color: #000000 !important;">
<p style="font-size: 9pt; line-height: 108%; margin: 0pt 0pt 8pt;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">Commissions</font></p>







</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #a6a6a6 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #a6a6a6 !important;">
<p style="font-size: 9pt; line-height: 108%; margin: 0pt 0pt 8pt; text-align: right;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">0.0</font></p>







</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #a6a6a6 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #a6a6a6 !important;">
<p style="font-size: 9pt; line-height: 108%; margin: 0pt 0pt 8pt; text-align: right;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">0.0</font></p>







</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #a6a6a6 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #a6a6a6 !important;">
<p style="font-size: 9pt; line-height: 108%; margin: 0pt 0pt 8pt; text-align: right;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">0.0</font></p>







</td>
<td style="background-color: #f2f2f2; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #a6a6a6 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #000000 !important;">
<p style="font-size: 9pt; line-height: 108%; margin: 0pt 0pt 8pt; text-align: right;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">0.0</font></p>







</td>







</tr>
<tr style="height: 10px;">
<td style="background-color: #d9d9d9; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #a6a6a6 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #a6a6a6 !important; border-left-width: 1px; border-left-style: solid; border-left-color: #000000 !important;">
<p style="font-size: 9pt; line-height: 108%; margin: 0pt 0pt 8pt;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">Others</font></p>







</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #a6a6a6 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #a6a6a6 !important;">
<p style="font-size: 9pt; line-height: 108%; margin: 0pt 0pt 8pt; text-align: right;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">0.0</font></p>







</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #a6a6a6 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #a6a6a6 !important;">
<p style="font-size: 9pt; line-height: 108%; margin: 0pt 0pt 8pt; text-align: right;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">0.0</font></p>







</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #a6a6a6 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #a6a6a6 !important;">
<p style="font-size: 9pt; line-height: 108%; margin: 0pt 0pt 8pt; text-align: right;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">0.0</font></p>







</td>
<td style="background-color: #f2f2f2; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #a6a6a6 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #000000 !important;">
<p style="font-size: 9pt; line-height: 108%; margin: 0pt 0pt 8pt; text-align: right;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">0.0</font></p>







</td>







</tr>
<tr style="height: 10px;">
<td style="background-color: #d9d9d9; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #a6a6a6 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #a6a6a6 !important; border-left-width: 1px; border-left-style: solid; border-left-color: #000000 !important;">
<p style="font-size: 9pt; line-height: 108%; margin: 0pt 0pt 8pt;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">Description of other variable compensation</font></p>







</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #a6a6a6 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #a6a6a6 !important;">
<p style="font-size: 9pt; line-height: 108%; margin: 0pt 0pt 8pt;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;</font></p>







</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #a6a6a6 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #a6a6a6 !important;">
<p style="font-size: 9pt; line-height: 108%; margin: 0pt 0pt 8pt;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;</font></p>







</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #a6a6a6 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #a6a6a6 !important;">
<p style="font-size: 9pt; line-height: 108%; margin: 0pt 0pt 8pt;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;</font></p>







</td>
<td style="background-color: #f2f2f2; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #a6a6a6 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #000000 !important;">
<p style="font-size: 9pt; line-height: 108%; margin: 0pt 0pt 8pt; text-align: right;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">&nbsp;</font></p>







</td>







</tr>
<tr style="height: 10px;">
<td style="background-color: #d9d9d9; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #a6a6a6 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #a6a6a6 !important; border-left-width: 1px; border-left-style: solid; border-left-color: #000000 !important;">
<p style="font-size: 9pt; line-height: 108%; margin: 0pt 0pt 8pt;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">Post-retirement benefit</font></p>







</td>
<td style="background-color: #d9d9d9; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #a6a6a6 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #a6a6a6 !important;">
<p style="font-size: 9pt; line-height: 108%; margin: 0pt 0pt 8pt; text-align: right;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">0</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">.</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">0</font></p>







</td>
<td style="background-color: #d9d9d9; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #a6a6a6 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #a6a6a6 !important;">
<p style="font-size: 9pt; line-height: 108%; margin: 0pt 0pt 8pt; text-align: right;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">1</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">,</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">426</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">.</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">9</font></p>







</td>
<td style="background-color: #d9d9d9; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #a6a6a6 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #a6a6a6 !important;">
<p style="font-size: 9pt; line-height: 108%; margin: 0pt 0pt 8pt; text-align: right;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">0</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">.</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">0</font></p>







</td>
<td style="background-color: #d9d9d9; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #a6a6a6 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #000000 !important;">
<p style="font-size: 9pt; line-height: 108%; margin: 0pt 0pt 8pt; text-align: right;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">1</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">,</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">426</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">.</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">9</font></p>







</td>







</tr>
<tr style="height: 25px;">
<td style="background-color: #d9d9d9; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 25px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #a6a6a6 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #a6a6a6 !important; border-left-width: 1px; border-left-style: solid; border-left-color: #000000 !important;">
<p style="font-size: 9pt; line-height: 108%; margin: 0pt 0pt 8pt;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">Benefits due to the interruption in the exercise of the position</font></p>







</td>
<td style="background-color: #d9d9d9; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 25px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #a6a6a6 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #a6a6a6 !important;">
<p style="font-size: 9pt; line-height: 108%; margin: 0pt 0pt 8pt; text-align: right;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">0</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">.</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">0</font></p>







</td>
<td style="background-color: #d9d9d9; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 25px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #a6a6a6 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #a6a6a6 !important;">
<p style="font-size: 9pt; line-height: 108%; margin: 0pt 0pt 8pt; text-align: right;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">0</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">.</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">0</font></p>







</td>
<td style="background-color: #d9d9d9; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 25px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #a6a6a6 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #a6a6a6 !important;">
<p style="font-size: 9pt; line-height: 108%; margin: 0pt 0pt 8pt; text-align: right;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">0</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">.</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">0</font></p>







</td>
<td style="background-color: #d9d9d9; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 25px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #a6a6a6 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #000000 !important;">
<p style="font-size: 9pt; line-height: 108%; margin: 0pt 0pt 8pt; text-align: right;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">0</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">.</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">0</font></p>







</td>







</tr>
<tr style="height: 10px;">
<td style="background-color: #d9d9d9; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #a6a6a6 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #a6a6a6 !important; border-left-width: 1px; border-left-style: solid; border-left-color: #000000 !important;">
<p style="font-size: 9pt; line-height: 108%; margin: 0pt 0pt 8pt;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">Stock-based compensation (including options)</font></p>







</td>
<td style="background-color: #d9d9d9; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #a6a6a6 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #a6a6a6 !important;">
<p style="font-size: 9pt; line-height: 108%; margin: 0pt 0pt 8pt; text-align: right;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">3</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">,</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">113</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">.</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">2</font></p>







</td>
<td style="background-color: #d9d9d9; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #a6a6a6 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #a6a6a6 !important;">
<p style="font-size: 9pt; line-height: 108%; margin: 0pt 0pt 8pt; text-align: right;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">37</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">,</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">276</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">.</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">0</font></p>







</td>
<td style="background-color: #d9d9d9; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #a6a6a6 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #a6a6a6 !important;">
<p style="font-size: 9pt; line-height: 108%; margin: 0pt 0pt 8pt; text-align: right;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">0</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">.</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">0</font></p>







</td>
<td style="background-color: #d9d9d9; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #a6a6a6 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #000000 !important;">
<p style="font-size: 9pt; line-height: 108%; margin: 0pt 0pt 8pt; text-align: right;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">40</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">,</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">389</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">.</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">3</font></p>







</td>







</tr>
<tr style="height: 10px;">
<td style="background-color: #d9d9d9; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #a6a6a6 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #a6a6a6 !important; border-left-width: 1px; border-left-style: solid; border-left-color: #000000 !important;">
<p style="font-size: 9pt; line-height: 108%; margin: 0pt 0pt 8pt;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">Note</font></p>







</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #a6a6a6 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #a6a6a6 !important;">
<p style="font-size: 9pt; line-height: 108%; margin: 0pt 0pt 8pt;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">Number of members determined as specified in the Of&#237;cio Circular/CVM/SEP/</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">2024.</font></p>







</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #a6a6a6 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #a6a6a6 !important;">
<p style="font-size: 9pt; line-height: 108%; margin: 0pt 0pt 8pt;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">Number of members determined as specified in the Of&#237;cio Circular/CVM/SEP/</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">2024.</font></p>







</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #a6a6a6 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #a6a6a6 !important;">
<p style="font-size: 9pt; line-height: 108%; margin: 0pt 0pt 8pt;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">Number of members determined as specified in the Of&#237;cio Circular/CVM/SEP/</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">2024.</font></p>







</td>
<td style="background-color: #f2f2f2; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #a6a6a6 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #000000 !important;">
<p style="font-size: 9pt; line-height: 108%; margin: 0pt 0pt 8pt; text-align: right;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">&nbsp;</font></p>







</td>







</tr>
<tr style="height: 10px;">
<td style="background-color: #bfbfbf; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; border-image: initial; height: 10px; border-width: 1px; border-color: #000000 !important; border-style: solid;">
<p style="font-size: 9pt; line-height: 108%; margin: 0pt 0pt 8pt;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">Total compensation</font></p>







</td>
<td style="background-color: #bfbfbf; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #000000 !important;">
<p style="font-size: 9pt; line-height: 108%; margin: 0pt 0pt 8pt; text-align: right;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">9</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">,</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">497</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">.</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">2</font></p>







</td>
<td style="background-color: #bfbfbf; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #000000 !important;">
<p style="font-size: 9pt; line-height: 108%; margin: 0pt 0pt 8pt; text-align: right;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">71</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">,</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">523</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">.</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">3</font></p>







</td>
<td style="background-color: #bfbfbf; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #000000 !important;">
<p style="font-size: 9pt; line-height: 108%; margin: 0pt 0pt 8pt; text-align: right;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">858</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">.</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">0</font></p>







</td>
<td style="background-color: #bfbfbf; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #000000 !important;">
<p style="font-size: 9pt; line-height: 108%; margin: 0pt 0pt 8pt; text-align: right;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">81</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">,</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">878</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">.</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">5</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'>86</font></font></td>




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<table cellspacing="0" cellpadding="0" style="height: 220px; border-collapse: collapse; margin-left: 0px; font-family: 'times new roman'; font-size: 10pt; width: 100%;" width="100%">

<tr style="height: 10px;">
<td colspan="5" style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; background-color: #bfbfbf; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="font-size: 9pt; line-height: 108%; margin: 0pt 0pt 8pt; text-indent: 0pt;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">Total compensation recognized for the fiscal year 2023 &#8211; Annual values (in thousands of Brazilian </font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-style: italic; font-weight: bold;">Reais</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">, except for number of members)</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">&nbsp;</font></p>







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<tr style="height: 10px;">
<td style="background-color: #bfbfbf; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #000000 !important; border-left-width: 1px; border-left-style: solid; border-left-color: #000000 !important;">
<p style="font-size: 9pt; line-height: 108%; margin: 0pt 0pt 8pt;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;</font></p>







</td>
<td style="background-color: #bfbfbf; padding-left: 3.5pt; padding-right: 3.5pt; height: 10px; vertical-align: middle; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #000000 !important;" valign="middle">
<p style="font-size: 9pt; line-height: 108%; margin: 0pt 0pt 8pt; text-align: center;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">Board of Directors</font></p>







</td>
<td style="background-color: #bfbfbf; padding-left: 3.5pt; padding-right: 3.5pt; height: 10px; vertical-align: middle; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #000000 !important;" valign="middle">
<p style="font-size: 9pt; line-height: 108%; margin: 0pt 0pt 8pt; text-align: center;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">Statutory Executive Officers</font></p>







</td>
<td style="background-color: #bfbfbf; padding-left: 3.5pt; padding-right: 3.5pt; height: 10px; vertical-align: middle; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #000000 !important;" valign="middle">
<p style="font-size: 9pt; line-height: 108%; margin: 0pt 0pt 8pt; text-align: center;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">Fiscal Council</font></p>







</td>
<td style="background-color: #bfbfbf; padding-left: 3.5pt; padding-right: 3.5pt; height: 10px; vertical-align: middle; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #000000 !important;" valign="middle">
<p style="font-size: 9pt; line-height: 108%; margin: 0pt 0pt 8pt; text-align: center;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">TOTAL</font></p>







</td>







</tr>
<tr style="height: 10px;">
<td style="background-color: #d9d9d9; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; width: 22%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #a6a6a6 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #a6a6a6 !important; border-left-width: 1px; border-left-style: solid; border-left-color: #000000 !important;">
<p style="font-size: 9pt; line-height: 108%; margin: 0pt 0pt 8pt;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">Total number of members</font></p>







</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; width: 20%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #a6a6a6 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #a6a6a6 !important;">
<p style="font-size: 9pt; line-height: 108%; margin: 0pt 0pt 8pt; text-align: right;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">9</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">.</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">30</font></p>







</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; width: 20%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #a6a6a6 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #a6a6a6 !important;">
<p style="font-size: 9pt; line-height: 108%; margin: 0pt 0pt 8pt; text-align: right;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">5</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">.</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">30</font></p>







</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; width: 20%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #a6a6a6 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #a6a6a6 !important;">
<p style="font-size: 9pt; line-height: 108%; margin: 0pt 0pt 8pt; text-align: right;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">6</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">.</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">00</font></p>







</td>
<td style="background-color: #d9d9d9; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; width: 18%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #a6a6a6 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #000000 !important;">
<p style="font-size: 9pt; line-height: 108%; margin: 0pt 0pt 8pt; text-align: right;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">20</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">.</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">60</font></p>







</td>







</tr>
<tr style="height: 10px;">
<td style="background-color: #d9d9d9; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #a6a6a6 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #a6a6a6 !important; border-left-width: 1px; border-left-style: solid; border-left-color: #000000 !important;">
<p style="font-size: 9pt; line-height: 108%; margin: 0pt 0pt 8pt;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">Number of compensated members</font></p>







</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #a6a6a6 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #a6a6a6 !important;">
<p style="font-size: 9pt; line-height: 108%; margin: 0pt 0pt 8pt; text-align: right;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">8</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">.</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">60</font></p>







</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #a6a6a6 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #a6a6a6 !important;">
<p style="font-size: 9pt; line-height: 108%; margin: 0pt 0pt 8pt; text-align: right;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">5</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">.</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">30</font></p>







</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #a6a6a6 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #a6a6a6 !important;">
<p style="font-size: 9pt; line-height: 108%; margin: 0pt 0pt 8pt; text-align: right;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">3</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">.</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">00</font></p>







</td>
<td style="background-color: #d9d9d9; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #a6a6a6 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #000000 !important;">
<p style="font-size: 9pt; line-height: 108%; margin: 0pt 0pt 8pt; text-align: right;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">16</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">.</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">90</font></p>







</td>







</tr>
<tr style="height: 10px;">
<td style="background-color: #d9d9d9; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #a6a6a6 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #a6a6a6 !important; border-left-width: 1px; border-left-style: solid; border-left-color: #000000 !important;">
<p style="font-size: 9pt; line-height: 108%; margin: 0pt 0pt 8pt;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">Annual fixed compensation </font></p>







</td>
<td style="background-color: #d9d9d9; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #a6a6a6 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #a6a6a6 !important;">
<p style="font-size: 9pt; line-height: 108%; margin: 0pt 0pt 8pt; text-align: right;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">7</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">,</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">503</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">.</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">3</font></p>







</td>
<td style="background-color: #d9d9d9; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #a6a6a6 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #a6a6a6 !important;">
<p style="font-size: 9pt; line-height: 108%; margin: 0pt 0pt 8pt; text-align: right;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">15</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">,</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">464</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">.</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">6</font></p>







</td>
<td style="background-color: #d9d9d9; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #a6a6a6 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #a6a6a6 !important;">
<p style="font-size: 9pt; line-height: 108%; margin: 0pt 0pt 8pt; text-align: right;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">828</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">.</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">4</font></p>







</td>
<td style="background-color: #d9d9d9; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #a6a6a6 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #000000 !important;">
<p style="font-size: 9pt; line-height: 108%; margin: 0pt 0pt 8pt; text-align: right;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">23</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">,</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">796</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">.</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">3</font></p>







</td>







</tr>
<tr style="height: 10px;">
<td style="background-color: #d9d9d9; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #a6a6a6 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #a6a6a6 !important; border-left-width: 1px; border-left-style: solid; border-left-color: #000000 !important;">
<p style="font-size: 9pt; line-height: 108%; margin: 0pt 0pt 8pt;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">Salary or fees</font></p>







</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #a6a6a6 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #a6a6a6 !important;">
<p style="font-size: 9pt; line-height: 108%; margin: 0pt 0pt 8pt; text-align: right;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">5</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">,</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">581</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">.</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">8</font></p>







</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #a6a6a6 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #a6a6a6 !important;">
<p style="font-size: 9pt; line-height: 108%; margin: 0pt 0pt 8pt; text-align: right;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">11</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">,</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">620</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">.</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">7</font></p>







</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #a6a6a6 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #a6a6a6 !important;">
<p style="font-size: 9pt; line-height: 108%; margin: 0pt 0pt 8pt; text-align: right;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">828</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">.</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">4</font></p>







</td>
<td style="background-color: #f2f2f2; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #a6a6a6 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #000000 !important;">
<p style="font-size: 9pt; line-height: 108%; margin: 0pt 0pt 8pt; text-align: right;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">18</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">,</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">030</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">.</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">9</font></p>







</td>







</tr>
<tr style="height: 10px;">
<td style="background-color: #d9d9d9; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #a6a6a6 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #a6a6a6 !important; border-left-width: 1px; border-left-style: solid; border-left-color: #000000 !important;">
<p style="font-size: 9pt; line-height: 108%; margin: 0pt 0pt 8pt;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">Direct and indirect benefits</font></p>







</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #a6a6a6 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #a6a6a6 !important;">
<p style="font-size: 9pt; line-height: 108%; margin: 0pt 0pt 8pt; text-align: right;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">0</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">.</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">0</font></p>







</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #a6a6a6 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #a6a6a6 !important;">
<p style="font-size: 9pt; line-height: 108%; margin: 0pt 0pt 8pt; text-align: right;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">1</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">,</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">254</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">.</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">2</font></p>







</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #a6a6a6 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #a6a6a6 !important;">
<p style="font-size: 9pt; line-height: 108%; margin: 0pt 0pt 8pt; text-align: right;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">0</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">.</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">0</font></p>







</td>
<td style="background-color: #f2f2f2; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #a6a6a6 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #000000 !important;">
<p style="font-size: 9pt; line-height: 108%; margin: 0pt 0pt 8pt; text-align: right;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">1</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">,</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">254</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">.</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">2</font></p>







</td>







</tr>
<tr style="height: 10px;">
<td style="background-color: #d9d9d9; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #a6a6a6 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #a6a6a6 !important; border-left-width: 1px; border-left-style: solid; border-left-color: #000000 !important;">
<p style="font-size: 9pt; line-height: 108%; margin: 0pt 0pt 8pt;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">Participation in committees</font></p>







</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #a6a6a6 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #a6a6a6 !important;">
<p style="font-size: 9pt; line-height: 108%; margin: 0pt 0pt 8pt; text-align: right;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">1</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">,</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">921</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">.</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">5</font></p>







</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #a6a6a6 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #a6a6a6 !important;">
<p style="font-size: 9pt; line-height: 108%; margin: 0pt 0pt 8pt; text-align: right;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">0</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">.</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">0</font></p>







</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #a6a6a6 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #a6a6a6 !important;">
<p style="font-size: 9pt; line-height: 108%; margin: 0pt 0pt 8pt; text-align: right;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">0</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">.</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">0</font></p>







</td>
<td style="background-color: #f2f2f2; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #a6a6a6 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #000000 !important;">
<p style="font-size: 9pt; line-height: 108%; margin: 0pt 0pt 8pt; text-align: right;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">1</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">,</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">921</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">.</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">5</font></p>







</td>







</tr>
<tr style="height: 10px;">
<td style="background-color: #d9d9d9; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #a6a6a6 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #a6a6a6 !important; border-left-width: 1px; border-left-style: solid; border-left-color: #000000 !important;">
<p style="font-size: 9pt; line-height: 108%; margin: 0pt 0pt 8pt;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">Others</font></p>







</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #a6a6a6 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #a6a6a6 !important;">
<p style="font-size: 9pt; line-height: 108%; margin: 0pt 0pt 8pt; text-align: right;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">0</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">.</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">0</font></p>







</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #a6a6a6 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #a6a6a6 !important;">
<p style="font-size: 9pt; line-height: 108%; margin: 0pt 0pt 8pt; text-align: right;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">2</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">,</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">589</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">.</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">7</font></p>







</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #a6a6a6 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #a6a6a6 !important;">
<p style="font-size: 9pt; line-height: 108%; margin: 0pt 0pt 8pt; text-align: right;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">0</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">.</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">0</font></p>







</td>
<td style="background-color: #f2f2f2; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #a6a6a6 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #000000 !important;">
<p style="font-size: 9pt; line-height: 108%; margin: 0pt 0pt 8pt; text-align: right;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">2</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">,</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">589</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">.</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">7</font></p>







</td>







</tr>
<tr style="height: 10px;">
<td style="background-color: #d9d9d9; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #a6a6a6 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #a6a6a6 !important; border-left-width: 1px; border-left-style: solid; border-left-color: #000000 !important;">
<p style="font-size: 9pt; line-height: 108%; margin: 0pt 0pt 8pt;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">Description of other fixed compensation</font></p>







</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #a6a6a6 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #a6a6a6 !important;">
<p style="font-size: 9pt; line-height: 108%; margin: 0pt 0pt 8pt;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">Does not include estimates of social charges that are the employer's onus, as specified in the Of&#237;cio Circular/CVM/SEP/</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">2024</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">.</font></p>







</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #a6a6a6 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #a6a6a6 !important;">
<p style="font-size: 9pt; line-height: 108%; margin: 0pt 0pt 8pt;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">Does not include estimates of social charges that are the employer's onus, as specified in the Of&#237;cio Circular/CVM/SEP/</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">2024</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">.</font></p>







</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #a6a6a6 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #a6a6a6 !important;">
<p style="font-size: 9pt; line-height: 108%; margin: 0pt 0pt 8pt;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">Does not include estimates of social charges that are the employer's onus, as specified in the Of&#237;cio Circular/CVM/SEP/</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">2024</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">.</font></p>







</td>
<td style="background-color: #f2f2f2; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #a6a6a6 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #000000 !important;">
<p style="font-size: 9pt; line-height: 108%; margin: 0pt 0pt 8pt; text-align: right;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">&nbsp;</font></p>







</td>







</tr>
<tr style="height: 10px;">
<td style="background-color: #d9d9d9; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #a6a6a6 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #a6a6a6 !important; border-left-width: 1px; border-left-style: solid; border-left-color: #000000 !important;">
<p style="font-size: 9pt; line-height: 108%; margin: 0pt 0pt 8pt;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">Variable compensation </font></p>







</td>
<td style="background-color: #d9d9d9; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #a6a6a6 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #a6a6a6 !important;">
<p style="font-size: 9pt; line-height: 108%; margin: 0pt 0pt 8pt; text-align: right;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">0</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">.</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">0</font></p>







</td>
<td style="background-color: #d9d9d9; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #a6a6a6 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #a6a6a6 !important;">
<p style="font-size: 9pt; line-height: 108%; margin: 0pt 0pt 8pt; text-align: right;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">20</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">,</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">871</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">.</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">9</font></p>







</td>
<td style="background-color: #d9d9d9; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #a6a6a6 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #a6a6a6 !important;">
<p style="font-size: 9pt; line-height: 108%; margin: 0pt 0pt 8pt; text-align: right;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">0</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">.</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">0</font></p>







</td>
<td style="background-color: #d9d9d9; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #a6a6a6 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #000000 !important;">
<p style="font-size: 9pt; line-height: 108%; margin: 0pt 0pt 8pt; text-align: right;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">20</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">,</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">871</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">.</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">9</font></p>







</td>







</tr>
<tr style="height: 10px;">
<td style="background-color: #d9d9d9; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #a6a6a6 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #a6a6a6 !important; border-left-width: 1px; border-left-style: solid; border-left-color: #000000 !important;">
<p style="font-size: 9pt; line-height: 108%; margin: 0pt 0pt 8pt;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">Bonus</font></p>







</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #a6a6a6 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #a6a6a6 !important;">
<p style="font-size: 9pt; line-height: 108%; margin: 0pt 0pt 8pt; text-align: right;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">0</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">.</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">0</font></p>







</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #a6a6a6 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #a6a6a6 !important;">
<p style="font-size: 9pt; line-height: 108%; margin: 0pt 0pt 8pt; text-align: right;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">0</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">.</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">0</font></p>







</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #a6a6a6 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #a6a6a6 !important;">
<p style="font-size: 9pt; line-height: 108%; margin: 0pt 0pt 8pt; text-align: right;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">0</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">.</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">0</font></p>







</td>
<td style="background-color: #f2f2f2; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #a6a6a6 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #000000 !important;">
<p style="font-size: 9pt; line-height: 108%; margin: 0pt 0pt 8pt; text-align: right;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">0</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">.</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">0</font></p>







</td>







</tr>
<tr style="height: 10px;">
<td style="background-color: #d9d9d9; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #a6a6a6 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #a6a6a6 !important; border-left-width: 1px; border-left-style: solid; border-left-color: #000000 !important;">
<p style="font-size: 9pt; line-height: 108%; margin: 0pt 0pt 8pt;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">Profit sharing</font></p>







</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #a6a6a6 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #a6a6a6 !important;">
<p style="font-size: 9pt; line-height: 108%; margin: 0pt 0pt 8pt; text-align: right;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">0</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">.</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">0</font></p>







</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #a6a6a6 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #a6a6a6 !important;">
<p style="font-size: 9pt; line-height: 108%; margin: 0pt 0pt 8pt; text-align: right;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">20</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">,</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">871</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">.</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">9</font></p>







</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #a6a6a6 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #a6a6a6 !important;">
<p style="font-size: 9pt; line-height: 108%; margin: 0pt 0pt 8pt; text-align: right;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">0</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">.</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">0</font></p>







</td>
<td style="background-color: #f2f2f2; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #a6a6a6 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #000000 !important;">
<p style="font-size: 9pt; line-height: 108%; margin: 0pt 0pt 8pt; text-align: right;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">20</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">,</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">871</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">.</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">9</font></p>







</td>







</tr>
<tr style="height: 10px;">
<td style="background-color: #d9d9d9; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #a6a6a6 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #a6a6a6 !important; border-left-width: 1px; border-left-style: solid; border-left-color: #000000 !important;">
<p style="font-size: 9pt; line-height: 108%; margin: 0pt 0pt 8pt;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">Compensation for the participation in meetings</font></p>







</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #a6a6a6 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #a6a6a6 !important;">
<p style="font-size: 9pt; line-height: 108%; margin: 0pt 0pt 8pt; text-align: right;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">0</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">.</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">0</font></p>







</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #a6a6a6 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #a6a6a6 !important;">
<p style="font-size: 9pt; line-height: 108%; margin: 0pt 0pt 8pt; text-align: right;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">0</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">.</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">0</font></p>







</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #a6a6a6 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #a6a6a6 !important;">
<p style="font-size: 9pt; line-height: 108%; margin: 0pt 0pt 8pt; text-align: right;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">0</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">.</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">0</font></p>







</td>
<td style="background-color: #f2f2f2; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #a6a6a6 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #000000 !important;">
<p style="font-size: 9pt; line-height: 108%; margin: 0pt 0pt 8pt; text-align: right;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">0</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">.</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">0</font></p>







</td>







</tr>
<tr style="height: 10px;">
<td style="background-color: #d9d9d9; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #a6a6a6 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #a6a6a6 !important; border-left-width: 1px; border-left-style: solid; border-left-color: #000000 !important;">
<p style="font-size: 9pt; line-height: 108%; margin: 0pt 0pt 8pt;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">Commissions</font></p>







</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #a6a6a6 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #a6a6a6 !important;">
<p style="font-size: 9pt; line-height: 108%; margin: 0pt 0pt 8pt; text-align: right;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">0</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">.</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">0</font></p>







</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #a6a6a6 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #a6a6a6 !important;">
<p style="font-size: 9pt; line-height: 108%; margin: 0pt 0pt 8pt; text-align: right;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">0</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">.</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">0</font></p>







</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #a6a6a6 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #a6a6a6 !important;">
<p style="font-size: 9pt; line-height: 108%; margin: 0pt 0pt 8pt; text-align: right;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">0</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">.</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">0</font></p>







</td>
<td style="background-color: #f2f2f2; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #a6a6a6 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #000000 !important;">
<p style="font-size: 9pt; line-height: 108%; margin: 0pt 0pt 8pt; text-align: right;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">0</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">.</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">0</font></p>







</td>







</tr>
<tr style="height: 10px;">
<td style="background-color: #d9d9d9; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #a6a6a6 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #a6a6a6 !important; border-left-width: 1px; border-left-style: solid; border-left-color: #000000 !important;">
<p style="font-size: 9pt; line-height: 108%; margin: 0pt 0pt 8pt;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">Others</font></p>







</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #a6a6a6 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #a6a6a6 !important;">
<p style="font-size: 9pt; line-height: 108%; margin: 0pt 0pt 8pt; text-align: right;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">0</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">.</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">0</font></p>







</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #a6a6a6 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #a6a6a6 !important;">
<p style="font-size: 9pt; line-height: 108%; margin: 0pt 0pt 8pt; text-align: right;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">0</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">.</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">0</font></p>







</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #a6a6a6 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #a6a6a6 !important;">
<p style="font-size: 9pt; line-height: 108%; margin: 0pt 0pt 8pt; text-align: right;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">0</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">.</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">0</font></p>







</td>
<td style="background-color: #f2f2f2; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #a6a6a6 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #000000 !important;">
<p style="font-size: 9pt; line-height: 108%; margin: 0pt 0pt 8pt; text-align: right;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">0</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">.</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">0</font></p>







</td>







</tr>
<tr style="height: 10px;">
<td style="background-color: #d9d9d9; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #a6a6a6 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #a6a6a6 !important; border-left-width: 1px; border-left-style: solid; border-left-color: #000000 !important;">
<p style="font-size: 9pt; line-height: 108%; margin: 0pt 0pt 8pt;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">Description of other variable compensation</font></p>







</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #a6a6a6 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #a6a6a6 !important;">
<p style="font-size: 9pt; line-height: 108%; margin: 0pt 0pt 8pt;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;</font></p>







</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #a6a6a6 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #a6a6a6 !important;">
<p style="font-size: 9pt; line-height: 108%; margin: 0pt 0pt 8pt;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;</font></p>







</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #a6a6a6 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #a6a6a6 !important;">
<p style="font-size: 9pt; line-height: 108%; margin: 0pt 0pt 8pt;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;</font></p>







</td>
<td style="background-color: #f2f2f2; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #a6a6a6 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #000000 !important;">
<p style="font-size: 9pt; line-height: 108%; margin: 0pt 0pt 8pt; text-align: right;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">&nbsp;</font></p>







</td>







</tr>
<tr style="height: 10px;">
<td style="background-color: #d9d9d9; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #a6a6a6 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #a6a6a6 !important; border-left-width: 1px; border-left-style: solid; border-left-color: #000000 !important;">
<p style="font-size: 9pt; line-height: 108%; margin: 0pt 0pt 8pt;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">Post-retirement benefit</font></p>







</td>
<td style="background-color: #d9d9d9; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #a6a6a6 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #a6a6a6 !important;">
<p style="font-size: 9pt; line-height: 108%; margin: 0pt 0pt 8pt; text-align: right;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">0</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">.</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">0</font></p>







</td>
<td style="background-color: #d9d9d9; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #a6a6a6 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #a6a6a6 !important;">
<p style="font-size: 9pt; line-height: 108%; margin: 0pt 0pt 8pt; text-align: right;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">1</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">,</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">306</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">.</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">4</font></p>







</td>
<td style="background-color: #d9d9d9; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #a6a6a6 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #a6a6a6 !important;">
<p style="font-size: 9pt; line-height: 108%; margin: 0pt 0pt 8pt; text-align: right;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">0</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">.</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">0</font></p>







</td>
<td style="background-color: #d9d9d9; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #a6a6a6 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #000000 !important;">
<p style="font-size: 9pt; line-height: 108%; margin: 0pt 0pt 8pt; text-align: right;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">1</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">,</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">306</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">.</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">4</font></p>







</td>







</tr>
<tr style="height: 10px;">
<td style="background-color: #d9d9d9; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #a6a6a6 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #a6a6a6 !important; border-left-width: 1px; border-left-style: solid; border-left-color: #000000 !important;">
<p style="font-size: 9pt; line-height: 108%; margin: 0pt 0pt 8pt;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">Benefits due to the interruption in the exercise of the position</font></p>







</td>
<td style="background-color: #d9d9d9; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #a6a6a6 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #a6a6a6 !important;">
<p style="font-size: 9pt; line-height: 108%; margin: 0pt 0pt 8pt; text-align: right;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">0</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">.</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">0</font></p>







</td>
<td style="background-color: #d9d9d9; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #a6a6a6 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #a6a6a6 !important;">
<p style="font-size: 9pt; line-height: 108%; margin: 0pt 0pt 8pt; text-align: right;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">1</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">,</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">007</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">.</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">0</font></p>







</td>
<td style="background-color: #d9d9d9; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #a6a6a6 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #a6a6a6 !important;">
<p style="font-size: 9pt; line-height: 108%; margin: 0pt 0pt 8pt; text-align: right;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">0</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">.</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">0</font></p>







</td>
<td style="background-color: #d9d9d9; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #a6a6a6 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #000000 !important;">
<p style="font-size: 9pt; line-height: 108%; margin: 0pt 0pt 8pt; text-align: right;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">1</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">,</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">007</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">.</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">0</font></p>







</td>







</tr>
<tr style="height: 10px;">
<td style="background-color: #d9d9d9; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #a6a6a6 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #a6a6a6 !important; border-left-width: 1px; border-left-style: solid; border-left-color: #000000 !important;">
<p style="font-size: 9pt; line-height: 108%; margin: 0pt 0pt 8pt;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">Stock-based compensation (including options)</font></p>







</td>
<td style="background-color: #d9d9d9; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #a6a6a6 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #a6a6a6 !important;">
<p style="font-size: 9pt; line-height: 108%; margin: 0pt 0pt 8pt; text-align: right;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">2</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">,</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">334</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">.</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">9</font></p>







</td>
<td style="background-color: #d9d9d9; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #a6a6a6 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #a6a6a6 !important;">
<p style="font-size: 9pt; line-height: 108%; margin: 0pt 0pt 8pt; text-align: right;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">24</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">,</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">285</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">.</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">2</font></p>







</td>
<td style="background-color: #d9d9d9; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #a6a6a6 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #a6a6a6 !important;">
<p style="font-size: 9pt; line-height: 108%; margin: 0pt 0pt 8pt; text-align: right;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">0</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">.</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">0</font></p>







</td>
<td style="background-color: #d9d9d9; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #a6a6a6 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #000000 !important;">
<p style="font-size: 9pt; line-height: 108%; margin: 0pt 0pt 8pt; text-align: right;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">26</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">,</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">620</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">.</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">2</font></p>







</td>







</tr>
<tr style="height: 10px;">
<td style="background-color: #d9d9d9; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #a6a6a6 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #a6a6a6 !important; border-left-width: 1px; border-left-style: solid; border-left-color: #000000 !important;">
<p style="font-size: 9pt; line-height: 108%; margin: 0pt 0pt 8pt;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">Note</font></p>







</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #a6a6a6 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #a6a6a6 !important;">
<p style="font-size: 9pt; line-height: 108%; margin: 0pt 0pt 8pt;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">Number of members determined as specified in the Of&#237;cio Circular/CVM/SEP/</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">2024.</font></p>







</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #a6a6a6 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #a6a6a6 !important;">
<p style="font-size: 9pt; line-height: 108%; margin: 0pt 0pt 8pt;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">Number of members determined as specified in the Of&#237;cio Circular/CVM/SEP/</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">2024.</font></p>







</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #a6a6a6 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #a6a6a6 !important;">
<p style="font-size: 9pt; line-height: 108%; margin: 0pt 0pt 8pt;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">Number of members determined as specified in the Of&#237;cio Circular/CVM/SEP/</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">2024.</font></p>







</td>
<td style="background-color: #f2f2f2; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #a6a6a6 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #000000 !important;">
<p style="font-size: 9pt; line-height: 108%; margin: 0pt 0pt 8pt; text-align: right;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">&nbsp;</font></p>







</td>







</tr>
<tr style="height: 10px;">
<td style="background-color: #bfbfbf; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; border-image: initial; height: 10px; border-width: 1px; border-color: #000000 !important; border-style: solid;">
<p style="font-size: 9pt; line-height: 108%; margin: 0pt 0pt 8pt;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">Total compensation</font></p>







</td>
<td style="background-color: #bfbfbf; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #000000 !important;">
<p style="font-size: 9pt; line-height: 108%; margin: 0pt 0pt 8pt; text-align: right;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">9</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">,</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">838</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">.</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">2</font></p>







</td>
<td style="background-color: #bfbfbf; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #000000 !important;">
<p style="font-size: 9pt; line-height: 108%; margin: 0pt 0pt 8pt; text-align: right;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">62</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">,</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">935</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">.</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">1</font></p>







</td>
<td style="background-color: #bfbfbf; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #000000 !important;">
<p style="font-size: 9pt; line-height: 108%; margin: 0pt 0pt 8pt; text-align: right;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">828</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">.</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">4</font></p>







</td>
<td style="background-color: #bfbfbf; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #000000 !important;">
<p style="font-size: 9pt; line-height: 108%; margin: 0pt 0pt 8pt; text-align: right;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">73</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">,</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">601</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">.</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">8</font></p>







</td>







</tr>













</table>
<p style="font-size: 9pt; line-height: 108%; margin: 0px; text-indent: 0px;">&nbsp; &nbsp;&nbsp;</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'>87</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;"><a href="#TOC"></a><br></div>




</div>
<div style="width: 8.5in; margin: 0 auto;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">&nbsp; &nbsp; &nbsp;&nbsp;</font>
<table cellspacing="0" cellpadding="0" style="height: 229px; border-collapse: collapse; margin-left: 0px; font-family: 'times new roman'; font-size: 10pt; width: 100%;" width="100%">

<tr style="height: 10px;">
<td colspan="5" style="background-color: #bfbfbf; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt 0pt 8pt; text-indent: 0pt;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">Total compensation recognized for the fiscal year 2022 &#8211; Annual values (in thousands of Brazilian </font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-style: italic; font-weight: bold;">Reais</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">, except for number of members)</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">&nbsp;</font></p>







</td>







</tr>
<tr style="height: 10px;">
<td style="background-color: #bfbfbf; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; width: 22%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #000000 !important; border-left-width: 1px; border-left-style: solid; border-left-color: #000000 !important;">
<p style="margin: 0pt;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;</font></p>







</td>
<td style="background-color: #bfbfbf; padding-left: 3.5pt; padding-right: 3.5pt; height: 10px; width: 20%; vertical-align: middle; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #000000 !important;" valign="middle">
<p style="margin: 0pt 0pt 8pt; text-align: center; text-indent: 0pt;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">Board of Directors</font></p>







</td>
<td style="background-color: #bfbfbf; padding-left: 3.5pt; padding-right: 3.5pt; height: 10px; width: 20%; vertical-align: middle; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #000000 !important;" valign="middle">
<p style="margin: 0pt 0pt 8pt; text-align: center; text-indent: 0pt;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">Statutory Executive Officers</font></p>







</td>
<td style="background-color: #bfbfbf; padding-left: 3.5pt; padding-right: 3.5pt; height: 10px; width: 20%; vertical-align: middle; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #000000 !important;" valign="middle">
<p style="margin: 0pt 0pt 8pt; text-align: center; text-indent: 0pt;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">Fiscal Council</font></p>







</td>
<td style="background-color: #bfbfbf; padding-left: 3.5pt; padding-right: 3.5pt; height: 10px; width: 18%; vertical-align: middle; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #000000 !important;" valign="middle">
<p style="margin: 0pt 0pt 8pt; text-align: center; text-indent: 0pt;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">TOTAL</font></p>







</td>







</tr>
<tr style="height: 10px;">
<td style="background-color: #d9d9d9; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #a6a6a6 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #a6a6a6 !important; border-left-width: 1px; border-left-style: solid; border-left-color: #000000 !important;">
<p style="margin: 0pt 0pt 8pt; text-indent: 0pt;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">Total number of members</font></p>







</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #a6a6a6 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #a6a6a6 !important;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">10</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">.</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">00</font></p>







</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #a6a6a6 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #a6a6a6 !important;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">6</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">.</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">25</font></p>







</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #a6a6a6 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #a6a6a6 !important;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">6</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">.</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">00</font></p>







</td>
<td style="background-color: #d9d9d9; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #a6a6a6 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #000000 !important;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">22</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">.</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">25</font></p>







</td>







</tr>
<tr style="height: 19px;">
<td style="background-color: #d9d9d9; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 19px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #a6a6a6 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #a6a6a6 !important; border-left-width: 1px; border-left-style: solid; border-left-color: #000000 !important;">
<p style="margin: 0pt;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">Number of compensated members</font></p>







</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 19px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #a6a6a6 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #a6a6a6 !important;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">10</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">.</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">00</font></p>







</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 19px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #a6a6a6 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #a6a6a6 !important;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">6</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">.</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">25</font></p>







</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 19px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #a6a6a6 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #a6a6a6 !important;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">3</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">.</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">00</font></p>







</td>
<td style="background-color: #d9d9d9; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 19px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #a6a6a6 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #000000 !important;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">19</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">.</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">25</font></p>







</td>







</tr>
<tr style="height: 10px;">
<td style="background-color: #d9d9d9; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #a6a6a6 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #a6a6a6 !important; border-left-width: 1px; border-left-style: solid; border-left-color: #000000 !important;">
<p style="margin: 0pt;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">Annual fixed compensation </font></p>







</td>
<td style="background-color: #d9d9d9; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #a6a6a6 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #a6a6a6 !important;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">10</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">,</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">267</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">.</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">8</font></p>







</td>
<td style="background-color: #d9d9d9; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #a6a6a6 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #a6a6a6 !important;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">15</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">,</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">752</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">.</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">0</font></p>







</td>
<td style="background-color: #d9d9d9; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #a6a6a6 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #a6a6a6 !important;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">796</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">.</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">4</font></p>







</td>
<td style="background-color: #d9d9d9; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #a6a6a6 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #000000 !important;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">26</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">,</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">816</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">.</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">2</font></p>







</td>







</tr>
<tr style="height: 10px;">
<td style="background-color: #d9d9d9; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #a6a6a6 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #a6a6a6 !important; border-left-width: 1px; border-left-style: solid; border-left-color: #000000 !important;">
<p style="margin: 0pt;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">Salary or fees</font></p>







</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #a6a6a6 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #a6a6a6 !important;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">8</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">,</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">156</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">.</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">8</font></p>







</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #a6a6a6 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #a6a6a6 !important;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">12</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">,</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">008</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">.</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">4</font></p>







</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #a6a6a6 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #a6a6a6 !important;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">796</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">.</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">4</font></p>







</td>
<td style="background-color: #f2f2f2; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #a6a6a6 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #000000 !important;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">20</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">,</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">961</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">.</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">6</font></p>







</td>







</tr>
<tr style="height: 10px;">
<td style="background-color: #d9d9d9; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #a6a6a6 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #a6a6a6 !important; border-left-width: 1px; border-left-style: solid; border-left-color: #000000 !important;">
<p style="margin: 0pt;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">Direct and indirect benefits</font></p>







</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #a6a6a6 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #a6a6a6 !important;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">0</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">.</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">0</font></p>







</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #a6a6a6 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #a6a6a6 !important;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">1</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">,</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">176</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">.</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">0</font></p>







</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #a6a6a6 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #a6a6a6 !important;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">0</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">.</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">0</font></p>







</td>
<td style="background-color: #f2f2f2; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #a6a6a6 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #000000 !important;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">1</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">,</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">176</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">.</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">0</font></p>







</td>







</tr>
<tr style="height: 10px;">
<td style="background-color: #d9d9d9; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #a6a6a6 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #a6a6a6 !important; border-left-width: 1px; border-left-style: solid; border-left-color: #000000 !important;">
<p style="margin: 0pt;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">Participation in committees</font></p>







</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #a6a6a6 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #a6a6a6 !important;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">2,111.1</font></p>







</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #a6a6a6 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #a6a6a6 !important;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">0.0</font></p>







</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #a6a6a6 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #a6a6a6 !important;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">0.0</font></p>







</td>
<td style="background-color: #f2f2f2; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #a6a6a6 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #000000 !important;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">2</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">,</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">111</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">.</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">1</font></p>







</td>







</tr>
<tr style="height: 10px;">
<td style="background-color: #d9d9d9; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #a6a6a6 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #a6a6a6 !important; border-left-width: 1px; border-left-style: solid; border-left-color: #000000 !important;">
<p style="margin: 0pt;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">Others</font></p>







</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #a6a6a6 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #a6a6a6 !important;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">0.0</font></p>







</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #a6a6a6 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #a6a6a6 !important;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">2,567.6</font></p>







</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #a6a6a6 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #a6a6a6 !important;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">0.0</font></p>







</td>
<td style="background-color: #f2f2f2; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #a6a6a6 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #000000 !important;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">2</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">,</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">567</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">.</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">6</font></p>







</td>







</tr>
<tr style="height: 10px;">
<td style="background-color: #d9d9d9; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #a6a6a6 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #a6a6a6 !important; border-left-width: 1px; border-left-style: solid; border-left-color: #000000 !important;">
<p style="margin: 0pt;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">Description of other fixed compensation</font></p>







</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #a6a6a6 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #a6a6a6 !important;">
<p style="margin: 0pt;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">Does not include estimates of social charges that are the employer's onus, as specified in the Of&#237;cio Circular/CVM/SEP/</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">2024</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">.</font></p>







</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #a6a6a6 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #a6a6a6 !important;">
<p style="margin: 0pt;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">Does not include estimates of social charges that are the employer's onus, as specified in the Of&#237;cio Circular/CVM/SEP/</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">2024</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">.</font></p>







</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #a6a6a6 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #a6a6a6 !important;">
<p style="margin: 0pt;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">Does not include estimates of social charges that are the employer's onus, as specified in the Of&#237;cio Circular/CVM/SEP/</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">2024</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">.</font></p>







</td>
<td style="background-color: #f2f2f2; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #a6a6a6 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #000000 !important;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">&nbsp;</font></p>







</td>







</tr>
<tr style="height: 10px;">
<td style="background-color: #d9d9d9; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #a6a6a6 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #a6a6a6 !important; border-left-width: 1px; border-left-style: solid; border-left-color: #000000 !important;">
<p style="margin: 0pt;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">Variable compensation </font></p>







</td>
<td style="background-color: #d9d9d9; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #a6a6a6 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #a6a6a6 !important;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">0</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">.</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">0</font></p>







</td>
<td style="background-color: #d9d9d9; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #a6a6a6 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #a6a6a6 !important;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">25</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">,</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">756</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">.</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">4</font></p>







</td>
<td style="background-color: #d9d9d9; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #a6a6a6 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #a6a6a6 !important;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">0</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">.</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">0</font></p>







</td>
<td style="background-color: #d9d9d9; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #a6a6a6 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #000000 !important;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">25</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">,</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">756</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">.</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">4</font></p>







</td>







</tr>
<tr style="height: 10px;">
<td style="background-color: #d9d9d9; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #a6a6a6 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #a6a6a6 !important; border-left-width: 1px; border-left-style: solid; border-left-color: #000000 !important;">
<p style="margin: 0pt;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">Bonus</font></p>







</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #a6a6a6 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #a6a6a6 !important;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">0.0</font></p>







</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #a6a6a6 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #a6a6a6 !important;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">0.0</font></p>







</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #a6a6a6 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #a6a6a6 !important;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">0.0</font></p>







</td>
<td style="background-color: #f2f2f2; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #a6a6a6 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #000000 !important;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">0</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">.</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">0</font></p>







</td>







</tr>
<tr style="height: 10px;">
<td style="background-color: #d9d9d9; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #a6a6a6 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #a6a6a6 !important; border-left-width: 1px; border-left-style: solid; border-left-color: #000000 !important;">
<p style="margin: 0pt;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">Profit sharing</font></p>







</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #a6a6a6 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #a6a6a6 !important;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">0.0</font></p>







</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #a6a6a6 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #a6a6a6 !important;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">25,756.4</font></p>







</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #a6a6a6 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #a6a6a6 !important;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">0.0</font></p>







</td>
<td style="background-color: #f2f2f2; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #a6a6a6 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #000000 !important;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">25</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">,</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">756</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">.</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">4</font></p>







</td>







</tr>
<tr style="height: 10px;">
<td style="background-color: #d9d9d9; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #a6a6a6 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #a6a6a6 !important; border-left-width: 1px; border-left-style: solid; border-left-color: #000000 !important;">
<p style="margin: 0pt;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">Compensation for the participation in meetings</font></p>







</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #a6a6a6 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #a6a6a6 !important;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">0.0</font></p>







</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #a6a6a6 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #a6a6a6 !important;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">0.0</font></p>







</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #a6a6a6 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #a6a6a6 !important;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">0.0</font></p>







</td>
<td style="background-color: #f2f2f2; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #a6a6a6 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #000000 !important;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">0.0</font></p>







</td>







</tr>
<tr style="height: 10px;">
<td style="background-color: #d9d9d9; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #a6a6a6 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #a6a6a6 !important; border-left-width: 1px; border-left-style: solid; border-left-color: #000000 !important;">
<p style="margin: 0pt;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">Commissions</font></p>







</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #a6a6a6 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #a6a6a6 !important;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">0.0</font></p>







</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #a6a6a6 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #a6a6a6 !important;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">0.0</font></p>







</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #a6a6a6 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #a6a6a6 !important;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">0.0</font></p>







</td>
<td style="background-color: #f2f2f2; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #a6a6a6 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #000000 !important;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">0.0</font></p>







</td>







</tr>
<tr style="height: 10px;">
<td style="background-color: #d9d9d9; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #a6a6a6 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #a6a6a6 !important; border-left-width: 1px; border-left-style: solid; border-left-color: #000000 !important;">
<p style="margin: 0pt;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">Others</font></p>







</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #a6a6a6 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #a6a6a6 !important;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">0.0</font></p>







</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #a6a6a6 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #a6a6a6 !important;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">0.0</font></p>







</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #a6a6a6 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #a6a6a6 !important;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">0.0</font></p>







</td>
<td style="background-color: #f2f2f2; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #a6a6a6 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #000000 !important;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">0.0</font></p>







</td>







</tr>
<tr style="height: 10px;">
<td style="background-color: #d9d9d9; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #a6a6a6 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #a6a6a6 !important; border-left-width: 1px; border-left-style: solid; border-left-color: #000000 !important;">
<p style="margin: 0pt;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">Description of other variable compensation</font></p>







</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #a6a6a6 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #a6a6a6 !important;">
<p style="margin: 0pt;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;</font></p>







</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #a6a6a6 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #a6a6a6 !important;">
<p style="margin: 0pt;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;</font></p>







</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #a6a6a6 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #a6a6a6 !important;">
<p style="margin: 0pt;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;</font></p>







</td>
<td style="background-color: #f2f2f2; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #a6a6a6 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #000000 !important;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">&nbsp;</font></p>







</td>







</tr>
<tr style="height: 10px;">
<td style="background-color: #d9d9d9; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #a6a6a6 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #a6a6a6 !important; border-left-width: 1px; border-left-style: solid; border-left-color: #000000 !important;">
<p style="margin: 0pt;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">Post-retirement benefit</font></p>







</td>
<td style="background-color: #d9d9d9; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #a6a6a6 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #a6a6a6 !important;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">0.0</font></p>







</td>
<td style="background-color: #d9d9d9; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #a6a6a6 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #a6a6a6 !important;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">1,331.7</font></p>







</td>
<td style="background-color: #d9d9d9; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #a6a6a6 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #a6a6a6 !important;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">0.0</font></p>







</td>
<td style="background-color: #d9d9d9; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #a6a6a6 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #000000 !important;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">1</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">,</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">331</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">.</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">7</font></p>







</td>







</tr>
<tr style="height: 10px;">
<td style="background-color: #d9d9d9; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #a6a6a6 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #a6a6a6 !important; border-left-width: 1px; border-left-style: solid; border-left-color: #000000 !important;">
<p style="margin: 0pt;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">Benefits due to the interruption in the exercise of the position</font></p>







</td>
<td style="background-color: #d9d9d9; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #a6a6a6 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #a6a6a6 !important;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">0.0</font></p>







</td>
<td style="background-color: #d9d9d9; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #a6a6a6 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #a6a6a6 !important;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">0.0</font></p>







</td>
<td style="background-color: #d9d9d9; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #a6a6a6 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #a6a6a6 !important;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">0.0</font></p>







</td>
<td style="background-color: #d9d9d9; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #a6a6a6 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #000000 !important;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">0</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">.</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">0</font></p>







</td>







</tr>
<tr style="height: 10px;">
<td style="background-color: #d9d9d9; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #a6a6a6 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #a6a6a6 !important; border-left-width: 1px; border-left-style: solid; border-left-color: #000000 !important;">
<p style="margin: 0pt;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">Stock-based compensation (including options)</font></p>







</td>
<td style="background-color: #d9d9d9; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #a6a6a6 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #a6a6a6 !important;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">0.0</font></p>







</td>
<td style="background-color: #d9d9d9; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #a6a6a6 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #a6a6a6 !important;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">12,859.5</font></p>







</td>
<td style="background-color: #d9d9d9; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #a6a6a6 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #a6a6a6 !important;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">0.0</font></p>







</td>
<td style="background-color: #d9d9d9; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #a6a6a6 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #000000 !important;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">12</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">,</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">859</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">.</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">5</font></p>







</td>







</tr>
<tr style="height: 10px;">
<td style="background-color: #d9d9d9; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #a6a6a6 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #a6a6a6 !important; border-left-width: 1px; border-left-style: solid; border-left-color: #000000 !important;">
<p style="margin: 0pt;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">Note</font></p>







</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #a6a6a6 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #a6a6a6 !important;">
<p style="margin: 0pt;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">Number of members determined as specified in the Of&#237;cio Circular/CVM/SEP/</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">2024.</font></p>







</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #a6a6a6 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #a6a6a6 !important;">
<p style="margin: 0pt;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">Number of members determined as specified in the Of&#237;cio Circular/CVM/SEP/</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">2024.</font></p>







</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #a6a6a6 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #a6a6a6 !important;">
<p style="margin: 0pt;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">Number of members determined as specified in the Of&#237;cio Circular/CVM/SEP/</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">2024.</font></p>







</td>
<td style="background-color: #f2f2f2; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #a6a6a6 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #000000 !important;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">&nbsp;</font></p>







</td>







</tr>
<tr style="height: 10px;">
<td style="background-color: #bfbfbf; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; border-image: initial; height: 10px; border-width: 1px; border-color: #000000 !important; border-style: solid;">
<p style="margin: 0pt;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">Total compensation</font></p>







</td>
<td style="background-color: #bfbfbf; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #000000 !important;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">10</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">,</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">267</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">.</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">8</font></p>







</td>
<td style="background-color: #bfbfbf; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #000000 !important;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">55</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">,</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">699</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">.</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">5</font></p>







</td>
<td style="background-color: #bfbfbf; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #000000 !important;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">796</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">.</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">4</font></p>







</td>
<td style="background-color: #bfbfbf; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #000000 !important;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">66</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">,</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">763</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">.</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">7</font></p>







</td>







</tr>















</table>
<p style="font-size: 9pt; line-height: 108%; margin: 0px; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">&nbsp; &nbsp;&nbsp;</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">&nbsp; &nbsp;</font></p>



</div>
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<td class="pgno" style="padding: 0px; text-align: center; height: 12px;"><font style="font-size: 10pt;" class="pageno"><font class='pageno'>88</font></font></td>




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<p style="font-size: 9pt; line-height: 108%; margin: 0px; text-indent: 0px;">&nbsp; &nbsp; &nbsp;</p>
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<p style="margin: 0pt 0pt 8pt; text-indent: 0pt;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">Total compensation recognized for the fiscal year 2021 &#8211; Annual values (in thousands of Brazilian </font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-style: italic; font-weight: bold;">Reais</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">, except for number of members)</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">&nbsp;</font></p>







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<td style="background-color: #bfbfbf; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #000000 !important; border-left-width: 1px; border-left-style: solid; border-left-color: #000000 !important;">
<p style="margin: 0pt;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;</font></p>







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<p style="margin: 0pt 0pt 8pt; text-align: center; text-indent: 0pt;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">Board of Directors</font></p>







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<p style="margin: 0pt 0pt 8pt; text-align: center; text-indent: 0pt;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">Statutory Executive Officers</font></p>







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<p style="margin: 0pt 0pt 8pt; text-align: center; text-indent: 0pt;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">Fiscal Council</font></p>







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<p style="margin: 0pt 0pt 8pt; text-align: center; text-indent: 0pt;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">TOTAL</font></p>







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<td style="background-color: #d9d9d9; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; width: 22%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #a6a6a6 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #a6a6a6 !important; border-left-width: 1px; border-left-style: solid; border-left-color: #000000 !important;">
<p style="margin: 0pt;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">Total number of members</font></p>







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<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">11</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">.</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">00</font></p>







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<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; width: 20%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #a6a6a6 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #a6a6a6 !important;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">6</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">.</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">22</font></p>







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<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; width: 20%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #a6a6a6 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #a6a6a6 !important;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">6</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">.</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">00</font></p>







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<td style="background-color: #d9d9d9; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; width: 18%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #a6a6a6 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #000000 !important;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">23</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">.</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">22</font></p>







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<td style="background-color: #d9d9d9; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #a6a6a6 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #a6a6a6 !important; border-left-width: 1px; border-left-style: solid; border-left-color: #000000 !important;">
<p style="margin: 0pt;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">Number of compensated members</font></p>







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<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">11</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">.</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">00</font></p>







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<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #a6a6a6 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #a6a6a6 !important;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">6</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">.</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">22</font></p>







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<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #a6a6a6 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #a6a6a6 !important;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">3</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">.</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">00</font></p>







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<td style="background-color: #d9d9d9; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #a6a6a6 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #000000 !important;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">20</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">.</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">22</font></p>







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<td style="background-color: #d9d9d9; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #a6a6a6 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #a6a6a6 !important; border-left-width: 1px; border-left-style: solid; border-left-color: #000000 !important;">
<p style="margin: 0pt;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">Annual fixed compensation </font></p>







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<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">10</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">,</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">680</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">.</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">6</font></p>







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<td style="background-color: #d9d9d9; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #a6a6a6 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #a6a6a6 !important;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">14</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">,</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">684</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">.</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">7</font></p>







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<td style="background-color: #d9d9d9; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #a6a6a6 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #a6a6a6 !important;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">758</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">.</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">0</font></p>







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<td style="background-color: #d9d9d9; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #a6a6a6 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #000000 !important;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">26</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">,</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">123</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">.</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">4</font></p>







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<td style="background-color: #d9d9d9; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #a6a6a6 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #a6a6a6 !important; border-left-width: 1px; border-left-style: solid; border-left-color: #000000 !important;">
<p style="margin: 0pt;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">Salary or fees</font></p>







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<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">8</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">,</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">509</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">.</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">0</font></p>







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<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #a6a6a6 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #a6a6a6 !important;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">11</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">,</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">196</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">.</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">4</font></p>







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<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #a6a6a6 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #a6a6a6 !important;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">758</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">.</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">0</font></p>







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<td style="background-color: #f2f2f2; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #a6a6a6 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #000000 !important;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">20</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">,</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">463</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">.</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">5</font></p>







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<td style="background-color: #d9d9d9; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #a6a6a6 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #a6a6a6 !important; border-left-width: 1px; border-left-style: solid; border-left-color: #000000 !important;">
<p style="margin: 0pt;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">Direct and indirect benefits</font></p>







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<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">0.0</font></p>







</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #a6a6a6 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #a6a6a6 !important;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">1</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">,</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">086</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">.</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">2</font></p>







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<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #a6a6a6 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #a6a6a6 !important;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">0.0</font></p>







</td>
<td style="background-color: #f2f2f2; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #a6a6a6 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #000000 !important;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">1</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">,</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">086</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">.</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">2</font></p>







</td>







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<tr style="height: 10px;">
<td style="background-color: #d9d9d9; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #a6a6a6 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #a6a6a6 !important; border-left-width: 1px; border-left-style: solid; border-left-color: #000000 !important;">
<p style="margin: 0pt;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">Participation in committees</font></p>







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<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #a6a6a6 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #a6a6a6 !important;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">2</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">,</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">171</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">.</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">6</font></p>







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<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #a6a6a6 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #a6a6a6 !important;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">0.0</font></p>







</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #a6a6a6 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #a6a6a6 !important;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">0.0</font></p>







</td>
<td style="background-color: #f2f2f2; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #a6a6a6 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #000000 !important;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">2</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">,</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">171</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">.</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">6</font></p>







</td>







</tr>
<tr style="height: 10px;">
<td style="background-color: #d9d9d9; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #a6a6a6 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #a6a6a6 !important; border-left-width: 1px; border-left-style: solid; border-left-color: #000000 !important;">
<p style="margin: 0pt;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">Others</font></p>







</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #a6a6a6 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #a6a6a6 !important;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">0</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">.</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">0</font></p>







</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #a6a6a6 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #a6a6a6 !important;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">2</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">,</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">402</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">.</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">2</font></p>







</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #a6a6a6 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #a6a6a6 !important;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">0.0</font></p>







</td>
<td style="background-color: #f2f2f2; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #a6a6a6 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #000000 !important;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">2</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">,</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">402</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">.</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">2</font></p>







</td>







</tr>
<tr style="height: 10px;">
<td style="background-color: #d9d9d9; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #a6a6a6 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #a6a6a6 !important; border-left-width: 1px; border-left-style: solid; border-left-color: #000000 !important;">
<p style="margin: 0pt;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">Description of other fixed compensation</font></p>







</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #a6a6a6 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #a6a6a6 !important;">
<p style="margin: 0pt;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">Does not include estimates of social charges that are the employer's onus, as specified in the Of&#237;cio Circular/CVM/SEP/</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">2024</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">.</font></p>







</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #a6a6a6 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #a6a6a6 !important;">
<p style="margin: 0pt;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">Does not include estimates of social charges that are the employer's onus, as specified in the Of&#237;cio Circular/CVM/SEP/</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">2024</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">.</font></p>







</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #a6a6a6 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #a6a6a6 !important;">
<p style="margin: 0pt;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">Does not include estimates of social charges that are the employer's onus, as specified in the Of&#237;cio Circular/CVM/SEP/</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">2024</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">.</font></p>







</td>
<td style="background-color: #f2f2f2; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #a6a6a6 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #000000 !important;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">&nbsp;</font></p>







</td>







</tr>
<tr style="height: 10px;">
<td style="background-color: #d9d9d9; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #a6a6a6 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #a6a6a6 !important; border-left-width: 1px; border-left-style: solid; border-left-color: #000000 !important;">
<p style="margin: 0pt;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">Variable compensation </font></p>







</td>
<td style="background-color: #d9d9d9; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #a6a6a6 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #a6a6a6 !important;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">0</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">.</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">0</font></p>







</td>
<td style="background-color: #d9d9d9; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #a6a6a6 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #a6a6a6 !important;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">14</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">,</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">297</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">.</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">4</font></p>







</td>
<td style="background-color: #d9d9d9; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #a6a6a6 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #a6a6a6 !important;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">0</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">.</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">0</font></p>







</td>
<td style="background-color: #d9d9d9; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #a6a6a6 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #000000 !important;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">14</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">,</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">297</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">.</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">4</font></p>







</td>







</tr>
<tr style="height: 10px;">
<td style="background-color: #d9d9d9; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #a6a6a6 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #a6a6a6 !important; border-left-width: 1px; border-left-style: solid; border-left-color: #000000 !important;">
<p style="margin: 0pt;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">Bonus</font></p>







</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #a6a6a6 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #a6a6a6 !important;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">0.0</font></p>







</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #a6a6a6 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #a6a6a6 !important;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">0</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">.</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">0</font></p>







</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #a6a6a6 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #a6a6a6 !important;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">0.0</font></p>







</td>
<td style="background-color: #f2f2f2; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #a6a6a6 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #000000 !important;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">0</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">.</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">0</font></p>







</td>







</tr>
<tr style="height: 10px;">
<td style="background-color: #d9d9d9; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #a6a6a6 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #a6a6a6 !important; border-left-width: 1px; border-left-style: solid; border-left-color: #000000 !important;">
<p style="margin: 0pt;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">Profit sharing</font></p>







</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #a6a6a6 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #a6a6a6 !important;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">0.0</font></p>







</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #a6a6a6 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #a6a6a6 !important;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">14</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">,</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">297</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">.</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">4</font></p>







</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #a6a6a6 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #a6a6a6 !important;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">0.0</font></p>







</td>
<td style="background-color: #f2f2f2; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #a6a6a6 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #000000 !important;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">14</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">,</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">297</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">.</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">4</font></p>







</td>







</tr>
<tr style="height: 10px;">
<td style="background-color: #d9d9d9; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #a6a6a6 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #a6a6a6 !important; border-left-width: 1px; border-left-style: solid; border-left-color: #000000 !important;">
<p style="margin: 0pt;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">Compensation for the participation in meetings</font></p>







</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #a6a6a6 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #a6a6a6 !important;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">0.0</font></p>







</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #a6a6a6 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #a6a6a6 !important;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">0</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">.</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">0</font></p>







</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #a6a6a6 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #a6a6a6 !important;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">0.0</font></p>







</td>
<td style="background-color: #f2f2f2; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #a6a6a6 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #000000 !important;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">0</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">.</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">0</font></p>







</td>







</tr>
<tr style="height: 10px;">
<td style="background-color: #d9d9d9; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #a6a6a6 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #a6a6a6 !important; border-left-width: 1px; border-left-style: solid; border-left-color: #000000 !important;">
<p style="margin: 0pt;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">Commissions</font></p>







</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #a6a6a6 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #a6a6a6 !important;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">0.0</font></p>







</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #a6a6a6 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #a6a6a6 !important;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">0</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">.</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">0</font></p>







</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #a6a6a6 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #a6a6a6 !important;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">0.0</font></p>







</td>
<td style="background-color: #f2f2f2; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #a6a6a6 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #000000 !important;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">0</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">.</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">0</font></p>







</td>







</tr>
<tr style="height: 10px;">
<td style="background-color: #d9d9d9; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #a6a6a6 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #a6a6a6 !important; border-left-width: 1px; border-left-style: solid; border-left-color: #000000 !important;">
<p style="margin: 0pt;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">Others</font></p>







</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #a6a6a6 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #a6a6a6 !important;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">0.0</font></p>







</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #a6a6a6 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #a6a6a6 !important;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">0</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">.</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">0</font></p>







</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #a6a6a6 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #a6a6a6 !important;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">0.0</font></p>







</td>
<td style="background-color: #f2f2f2; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #a6a6a6 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #000000 !important;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">0</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">.</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">0</font></p>







</td>







</tr>
<tr style="height: 11px;">
<td style="background-color: #d9d9d9; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 11px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #a6a6a6 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #a6a6a6 !important; border-left-width: 1px; border-left-style: solid; border-left-color: #000000 !important;">
<p style="margin: 0pt;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">Description of other variable compensation</font></p>







</td>
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<p style="margin: 0pt;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;</font></p>







</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 11px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #a6a6a6 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #a6a6a6 !important;">
<p style="margin: 0pt;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;</font></p>







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<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 11px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #a6a6a6 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #a6a6a6 !important;">
<p style="margin: 0pt;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;</font></p>







</td>
<td style="background-color: #f2f2f2; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 11px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #a6a6a6 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #000000 !important;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">&nbsp;</font></p>







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<tr style="height: 10px;">
<td style="background-color: #d9d9d9; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #a6a6a6 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #a6a6a6 !important; border-left-width: 1px; border-left-style: solid; border-left-color: #000000 !important;">
<p style="margin: 0pt;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">Post-retirement benefit</font></p>







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<td style="background-color: #d9d9d9; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #a6a6a6 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #a6a6a6 !important;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">0.0</font></p>







</td>
<td style="background-color: #d9d9d9; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #a6a6a6 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #a6a6a6 !important;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">1</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">,</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">260</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">.</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">5</font></p>







</td>
<td style="background-color: #d9d9d9; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #a6a6a6 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #a6a6a6 !important;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">0.0</font></p>







</td>
<td style="background-color: #d9d9d9; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #a6a6a6 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #000000 !important;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">1</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">,</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">260</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">.</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">5</font></p>







</td>







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<tr style="height: 10px;">
<td style="background-color: #d9d9d9; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #a6a6a6 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #a6a6a6 !important; border-left-width: 1px; border-left-style: solid; border-left-color: #000000 !important;">
<p style="margin: 0pt;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">Benefits due to the interruption in the exercise of the position</font></p>







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<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">0.0</font></p>







</td>
<td style="background-color: #d9d9d9; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #a6a6a6 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #a6a6a6 !important;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">4</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">,</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">978</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">.</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">3</font></p>







</td>
<td style="background-color: #d9d9d9; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #a6a6a6 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #a6a6a6 !important;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">0.0</font></p>







</td>
<td style="background-color: #d9d9d9; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #a6a6a6 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #000000 !important;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">4</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">,</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">978</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">.</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">3</font></p>







</td>







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<tr style="height: 10px;">
<td style="background-color: #d9d9d9; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #a6a6a6 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #a6a6a6 !important; border-left-width: 1px; border-left-style: solid; border-left-color: #000000 !important;">
<p style="margin: 0pt;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">Stock-based compensation (including options)</font></p>







</td>
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<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">0.0</font></p>







</td>
<td style="background-color: #d9d9d9; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #a6a6a6 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #a6a6a6 !important;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">14</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">,</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">061</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">.</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">0</font></p>







</td>
<td style="background-color: #d9d9d9; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #a6a6a6 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #a6a6a6 !important;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">0.0</font></p>







</td>
<td style="background-color: #d9d9d9; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #a6a6a6 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #000000 !important;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">14</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">,</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">061</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">.</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">0</font></p>







</td>







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<tr style="height: 10px;">
<td style="background-color: #d9d9d9; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #a6a6a6 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #a6a6a6 !important; border-left-width: 1px; border-left-style: solid; border-left-color: #000000 !important;">
<p style="margin: 0pt;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">Note</font></p>







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<p style="margin: 0pt;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">Number of members determined as specified in the Of&#237;cio Circular/CVM/SEP/</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">2024.</font></p>







</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #a6a6a6 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #a6a6a6 !important;">
<p style="margin: 0pt;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">Number of members determined as specified in the Of&#237;cio Circular/CVM/SEP/</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">2024.</font></p>







</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #a6a6a6 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #a6a6a6 !important;">
<p style="margin: 0pt;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">Number of members determined as specified in the Of&#237;cio Circular/CVM/SEP/</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">2024.</font></p>







</td>
<td style="background-color: #f2f2f2; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #a6a6a6 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #000000 !important;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">&nbsp;</font></p>







</td>







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<tr style="height: 10px;">
<td style="background-color: #bfbfbf; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; border-image: initial; height: 10px; border-width: 1px; border-color: #000000 !important; border-style: solid;">
<p style="margin: 0pt;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">Total compensation</font></p>







</td>
<td style="background-color: #bfbfbf; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #000000 !important;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">10</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">,</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">680</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">.</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">6</font></p>







</td>
<td style="background-color: #bfbfbf; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #000000 !important;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">49</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">,</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">282</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">.</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">0</font></p>







</td>
<td style="background-color: #bfbfbf; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #000000 !important;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">758</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">.</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">0</font></p>







</td>
<td style="background-color: #bfbfbf; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #000000 !important;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">60</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">,</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">720</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">.</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">7</font></p>







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<p style="font-size: 9pt; line-height: 108%; margin: 0px; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">&nbsp; &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'>89</font></font></td>




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<div style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</div>
<div style="font-family: 'times new roman', times; font-size: 10pt;">
<div>
<p style="margin: 0pt 0pt 8pt; text-indent: 0pt;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">8</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">.3. </font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">&#8211;</font> <font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">Variable compensation recognized in the last 3 fiscal years and the estimated Compensation for the current fiscal year of the Board of Directors, Fiscal Council and Statutory Executive Officers</font><font style="font-family: 'Century Gothic'; font-size: 9pt; text-align: justify;">&nbsp;</font></p>
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<p style="font-size: 9pt; line-height: 108%; margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">&nbsp;</font></p>







</td>
<td style="background-color: #ffffff; padding-left: 0px; padding-right: 0px; height: 12px; text-align: center; vertical-align: middle; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="middle">
<p style="font-size: 9pt; line-height: 108%; margin: 0px; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold; text-decoration: underline;">Board of Directors</font></p>







</td>
<td style="background-color: #ffffff; padding-left: 0px; padding-right: 0px; height: 12px; text-align: center; vertical-align: middle; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="middle">
<p style="font-size: 9pt; line-height: 108%; margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold; text-decoration: underline;">Statutory Executive Officers</font></p>







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<td style="background-color: #ffffff; padding-left: 0px; padding-right: 0px; height: 12px; text-align: center; vertical-align: middle; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="middle">
<p style="font-size: 9pt; line-height: 108%; margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold; text-decoration: underline;">Fiscal Council</font></p>







</td>
<td colspan="2" style="background-color: #ffffff; padding-left: 0px; padding-right: 0px; height: 12px; text-align: center; vertical-align: middle; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="middle">
<p style="font-size: 9pt; line-height: 108%; margin: 0px; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold; text-decoration: underline;">Total</font></p>







</td>







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<tr style="height: 10px;">
<td colspan="5" style="background-color: #ffffff; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 10px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;">
<p style="font-size: 9pt; line-height: 108%; margin: 0pt 0pt 8pt; text-align: center;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">(in thousands of Brazilian </font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-style: italic;">Reais</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">, except for number of members)</font></p>







</td>
<td style="vertical-align: top; height: 10px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;"></td>







</tr>
<tr style="height: 10px;">
<td style="background-color: #ffffff; padding: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px;">
<p style="font-size: 9pt; line-height: 108%; margin: 0px; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><font style="color: #ff0000; font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">&nbsp;</font></p>







</td>
<td style="background-color: #ffffff; padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px;">
<p style="font-size: 9pt; line-height: 108%; margin: 0px; text-align: center; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><font style="color: #ff0000; font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">&nbsp;</font></p>







</td>
<td style="background-color: #ffffff; padding-left: 0px; padding-right: 0px; vertical-align: top; height: 10px; margin: 0px; text-indent: 0px;">
<p style="font-size: 9pt; line-height: 108%; margin: 0px; text-align: center; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><font style="color: #ff0000; font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">&nbsp;</font></p>







</td>
<td style="background-color: #ffffff; padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px;">
<p style="font-size: 9pt; line-height: 108%; margin: 0px; text-align: center; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><font style="color: #ff0000; font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">&nbsp;</font></p>







</td>
<td colspan="2" style="background-color: #ffffff; padding-left: 0px; padding-right: 0px; vertical-align: top; height: 10px; margin: 0px; text-indent: 0px;">
<p style="font-size: 9pt; line-height: 108%; margin: 0px; text-align: center; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><font style="color: #ff0000; font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">&nbsp;</font></p>







</td>







</tr>
<tr style="height: 10px; margin: 0px; text-indent: 0px;">
<td style="background-color: #ffffff; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; width: 40%;">
<p style="font-size: 9pt; line-height: 108%; margin: 0px; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">Estimated number of members in 2024</font></p>







</td>
<td style="background-color: #ffffff; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; width: 15%;">
<p style="font-size: 9pt; line-height: 108%; margin: 0px; text-align: right; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">9.00</font></p>







</td>
<td style="background-color: #ffffff; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; width: 15%;">
<p style="font-size: 9pt; line-height: 108%; margin: 0px; text-align: right; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">5.00</font></p>







</td>
<td style="background-color: #ffffff; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; width: 15%;">
<p style="font-size: 9pt; line-height: 108%; margin: 0px; text-align: right; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">6.00</font></p>







</td>
<td colspan="2" style="background-color: #ffffff; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; width: 15%;">
<p style="font-size: 9pt; line-height: 108%; margin: 0px; text-align: right; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">20.00</font></p>







</td>







</tr>
<tr style="height: 10px; margin: 0px; text-indent: 0px;">
<td style="background-color: #ffffff; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px;">
<p style="font-size: 9pt; line-height: 108%; margin: 0px; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">Estimated number of compensated members in 2024<font style="font-size: 8pt;"><sup>1</sup></font></font></p>







</td>
<td style="background-color: #ffffff; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px;">
<p style="font-size: 9pt; line-height: 108%; margin: 0px; text-align: right; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">Zero</font></p>







</td>
<td style="background-color: #ffffff; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px;">
<p style="font-size: 9pt; line-height: 108%; margin: 0px; text-align: right; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">5.00</font></p>







</td>
<td style="background-color: #ffffff; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px;">
<p style="font-size: 9pt; line-height: 108%; margin: 0px; text-align: right; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">Zero</font></p>







</td>
<td colspan="2" style="background-color: #ffffff; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px;">
<p style="font-size: 9pt; line-height: 108%; margin: 0px; text-align: right; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">5.00</font></p>







</td>







</tr>
<tr style="height: 10px; margin: 0px; text-indent: 0px;">
<td style="background-color: #ffffff; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px;">
<p style="font-size: 9pt; line-height: 108%; margin: 0px; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">Bonus:</font></p>







</td>
<td style="background-color: #ffffff; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px;">
<p style="font-size: 9pt; line-height: 108%; margin: 0px; text-align: right; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">&nbsp;</font></p>







</td>
<td style="background-color: #ffffff; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px;">
<p style="font-size: 9pt; line-height: 108%; margin: 0px; text-align: right; text-indent: 0px;"><font style="color: #ff0000; font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">&nbsp;</font></p>







</td>
<td style="background-color: #ffffff; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px;">
<p style="font-size: 9pt; line-height: 108%; margin: 0px; text-align: right; text-indent: 0px;"><font style="color: #ff0000; font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">&nbsp;</font></p>







</td>
<td colspan="2" style="background-color: #ffffff; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px;">
<p style="font-size: 9pt; line-height: 108%; margin: 0px; text-align: right; text-indent: 0px;"><font style="color: #ff0000; font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">&nbsp;</font></p>







</td>







</tr>
<tr style="height: 10px; margin: 0px; text-indent: 0px;">
<td style="background-color: #ffffff; padding: 0px 4px 0px 10px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px;">
<p style="font-size: 9pt; line-height: 108%; margin: 0px; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">Minimum under the compensation plan</font></p>







</td>
<td style="background-color: #ffffff; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px;">
<p style="font-size: 9pt; line-height: 108%; margin: 0px; text-align: right; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">N/A</font></p>







</td>
<td style="background-color: #ffffff; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px;">
<p style="font-size: 9pt; line-height: 108%; margin: 0px; text-align: right; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">N/A</font></p>







</td>
<td style="background-color: #ffffff; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px;">
<p style="font-size: 9pt; line-height: 108%; margin: 0px; text-align: right; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">N/A</font></p>







</td>
<td colspan="2" style="background-color: #ffffff; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px;">
<p style="font-size: 9pt; line-height: 108%; margin: 0px; text-align: right; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">N/A</font></p>







</td>







</tr>
<tr style="height: 10px; margin: 0px; text-indent: 0px;">
<td style="background-color: #ffffff; padding: 0px 4px 0px 10px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px;">
<p style="font-size: 9pt; line-height: 108%; margin: 0px; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">Maximum under the compensation plan</font></p>







</td>
<td style="background-color: #ffffff; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px;">
<p style="font-size: 9pt; line-height: 108%; margin: 0px; text-align: right; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">N/A</font></p>







</td>
<td style="background-color: #ffffff; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px;">
<p style="font-size: 9pt; line-height: 108%; margin: 0px; text-align: right; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">N/A</font></p>







</td>
<td style="background-color: #ffffff; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px;">
<p style="font-size: 9pt; line-height: 108%; margin: 0px; text-align: right; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">N/A</font></p>







</td>
<td colspan="2" style="background-color: #ffffff; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px;">
<p style="font-size: 9pt; line-height: 108%; margin: 0px; text-align: right; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">N/A</font></p>







</td>







</tr>
<tr style="height: 18px; margin: 0px; text-indent: 0px;">
<td style="background-color: #ffffff; padding: 0px 4px 0px 10px; vertical-align: middle; height: 18px; margin: 0px; text-indent: 0px;">
<p style="font-size: 9pt; line-height: 108%; margin: 0px; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">Estimated under the compensation plan assuming target attainment</font></p>







</td>
<td style="background-color: #ffffff; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 18px; margin: 0px; text-indent: 0px;">
<p style="font-size: 9pt; line-height: 108%; margin: 0px; text-align: right; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">N/A</font></p>







</td>
<td style="background-color: #ffffff; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 18px; margin: 0px; text-indent: 0px;">
<p style="font-size: 9pt; line-height: 108%; margin: 0px; text-align: right; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">N/A</font></p>







</td>
<td style="background-color: #ffffff; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 18px; margin: 0px; text-indent: 0px;">
<p style="font-size: 9pt; line-height: 108%; margin: 0px; text-align: right; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">N/A</font></p>







</td>
<td colspan="2" style="background-color: #ffffff; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 18px; margin: 0px; text-indent: 0px;">
<p style="font-size: 9pt; line-height: 108%; margin: 0px; text-align: right; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">N/A</font></p>







</td>







</tr>
<tr style="height: 10px; margin: 0px; text-indent: 0px;">
<td style="background-color: #ffffff; padding: 0px 4px 0px 10px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px;">
<p style="font-size: 9pt; line-height: 108%; margin: 0px; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">Recognized amount</font></p>







</td>
<td style="background-color: #ffffff; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px;">
<p style="font-size: 9pt; line-height: 108%; margin: 0px; text-align: right; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">N/A</font></p>







</td>
<td style="background-color: #ffffff; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px;">
<p style="font-size: 9pt; line-height: 108%; margin: 0px; text-align: right; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">N/A</font></p>







</td>
<td style="background-color: #ffffff; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px;">
<p style="font-size: 9pt; line-height: 108%; margin: 0px; text-align: right; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">N/A</font></p>







</td>
<td colspan="2" style="background-color: #ffffff; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px;">
<p style="font-size: 9pt; line-height: 108%; margin: 0px; text-align: right; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">N/A</font></p>







</td>







</tr>
<tr style="height: 10px; margin: 0px; text-indent: 0px;">
<td style="background-color: #ffffff; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px;">
<p style="font-size: 9pt; line-height: 108%; margin: 0px; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">Profit-sharing:</font></p>







</td>
<td style="background-color: #ffffff; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px;">
<p style="font-size: 9pt; line-height: 108%; margin: 0px; text-align: right; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;</font></p>







</td>
<td style="background-color: #ffffff; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px;">
<p style="font-size: 9pt; line-height: 108%; margin: 0px; text-align: right; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;</font></p>







</td>
<td style="background-color: #ffffff; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px;">
<p style="font-size: 9pt; line-height: 108%; margin: 0px; text-align: right; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;</font></p>







</td>
<td colspan="2" style="background-color: #ffffff; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px;">
<p style="font-size: 9pt; line-height: 108%; margin: 0px; text-align: right; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">&nbsp;</font></p>







</td>







</tr>
<tr style="height: 10px; margin: 0px; text-indent: 0px;">
<td style="background-color: #ffffff; padding: 0px 4px 0px 10px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px;">
<p style="font-size: 9pt; line-height: 108%; margin: 0px; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">Minimum under the compensation plan</font></p>







</td>
<td style="background-color: #ffffff; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px;">
<p style="font-size: 9pt; line-height: 108%; margin: 0px; text-align: right; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">N/A</font></p>







</td>
<td style="background-color: #ffffff; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px;">
<p style="font-size: 9pt; line-height: 108%; margin: 0px; text-align: right; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">Zero</font></p>







</td>
<td style="background-color: #ffffff; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px;">
<p style="font-size: 9pt; line-height: 108%; margin: 0px; text-align: right; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">N/A</font></p>







</td>
<td colspan="2" style="background-color: #ffffff; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px;">
<p style="font-size: 9pt; line-height: 108%; margin: 0px; text-align: right; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">Zero</font></p>







</td>







</tr>
<tr style="height: 10px; margin: 0px; text-indent: 0px;">
<td style="background-color: #ffffff; padding: 0px 4px 0px 10px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px;">
<p style="font-size: 9pt; line-height: 108%; margin: 0px; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">Maximum under the compensation plan<font style="font-size: 8pt;"><sup>2</sup></font></font></p>







</td>
<td style="background-color: #ffffff; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px;">
<p style="font-size: 9pt; line-height: 108%; margin: 0px; text-align: right; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">N/A</font></p>







</td>
<td style="background-color: #ffffff; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px;">
<p style="font-size: 9pt; line-height: 108%; margin: 0px; text-align: right; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">22,066.5</font></p>







</td>
<td style="background-color: #ffffff; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px;">
<p style="font-size: 9pt; line-height: 108%; margin: 0px; text-align: right; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">N/A</font></p>







</td>
<td colspan="2" style="background-color: #ffffff; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px;">
<p style="font-size: 9pt; line-height: 108%; margin: 0px; text-align: right; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">22,066.5</font></p>







</td>







</tr>
<tr style="height: 10px; margin: 0px; text-indent: 0px;">
<td style="background-color: #ffffff; padding: 0px 4px 0px 10px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px;">
<p style="font-size: 9pt; line-height: 108%; margin: 0px; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">Estimated under the 2024 compensation plan, assuming target attainment</font></p>







</td>
<td style="background-color: #ffffff; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px;">
<p style="font-size: 9pt; line-height: 108%; margin: 0px; text-align: right; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">N/A</font></p>







</td>
<td style="background-color: #ffffff; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px;">
<p style="font-size: 9pt; line-height: 108%; margin: 0px; text-align: right; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">15,650.0</font></p>







</td>
<td style="background-color: #ffffff; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px;">
<p style="font-size: 9pt; line-height: 108%; margin: 0px; text-align: right; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">N/A</font></p>







</td>
<td colspan="2" style="background-color: #ffffff; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px;">
<p style="font-size: 9pt; line-height: 108%; margin: 0px; text-align: right; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">15,650.0</font></p>







</td>







</tr>
<tr style="height: 10px; margin: 0px; text-indent: 0px;">
<td style="background-color: #ffffff; padding: 0px 4px 0px 10px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px;">
<p style="font-size: 9pt; line-height: 108%; margin: 0px; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">Recognized amount in 2024</font></p>







</td>
<td style="background-color: #ffffff; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px;">
<p style="font-size: 9pt; line-height: 108%; margin: 0px; text-align: right; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">N/A</font></p>







</td>
<td style="background-color: #ffffff; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px;">
<p style="font-size: 9pt; line-height: 108%; margin: 0px; text-align: right; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">N/A</font></p>







</td>
<td style="background-color: #ffffff; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px;">
<p style="font-size: 9pt; line-height: 108%; margin: 0px; text-align: right; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">N/A</font></p>







</td>
<td colspan="2" style="background-color: #ffffff; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px;">
<p style="font-size: 9pt; line-height: 108%; margin: 0px; text-align: right; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">N/A</font></p>







</td>







</tr>
<tr style="height: 10px; margin: 0px; text-indent: 0px;">
<td style="background-color: #ffffff; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="font-size: 9pt; line-height: 108%; margin: 0px; text-indent: 0px;"><font style="color: #ff0000; font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;</font></p>







</td>
<td style="background-color: #ffffff; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="font-size: 9pt; line-height: 108%; margin: 0px; text-align: right; text-indent: 0px;"><font style="color: #ff0000; font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;</font></p>







</td>
<td style="background-color: #ffffff; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 10px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="font-size: 9pt; line-height: 108%; margin: 0px; text-align: right; text-indent: 0px;"><font style="color: #ff0000; font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;</font></p>







</td>
<td style="background-color: #ffffff; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="font-size: 9pt; line-height: 108%; margin: 0px; text-align: right; text-indent: 0px;"><font style="color: #ff0000; font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;</font></p>







</td>
<td colspan="2" style="background-color: #ffffff; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 10px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="font-size: 9pt; line-height: 108%; margin: 0px; text-align: right; text-indent: 0px;"><font style="color: #ff0000; font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;</font></p>







</td>







</tr>















</table>
<p style="line-height: 1.2; margin: 0px; text-align: justify; text-indent: 0px;"><br><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">&#185; </font><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">Considers only members to whom variable compensation has been allocated, as specified in Of&#237;cio Circular/CVM/SEP/</font><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">2024</font></p>
<p style="line-height: 1.2; margin: 0px; text-align: justify; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">&nbsp; &nbsp;&nbsp;</font></p>
<p style="line-height: 1.2; margin: 0px; text-align: justify; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">&#178; </font><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">Regarding the portion related to the individual performance, the evaluation is performed between 80% and 120% of the goals achieved. Concerning the portion related to the economic performance, the evaluation considers value creation targets, as measured by EVA. The maximum compensation is calculated based on an achievement of 200% of the economic value generation goals and 120% of the individual goals</font><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">&nbsp;&nbsp;</font></p>
<p style="line-height: 12pt; margin: 0px; text-align: justify; text-indent: 0px;">&nbsp;</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'>90</font></font></td>




</tr>









</table>
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<div class="pageBreak" style="page-break-before: always;"><a href="#TOC"></a><br></div>




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<div style="width: 8.5in; margin: 0 auto;">
<p style="line-height: 12pt; margin: 0px; text-align: justify; text-indent: 0px;">&nbsp; &nbsp;</p>
<table cellspacing="0" cellpadding="0" style="border-collapse: collapse; margin: 0px; font-family: 'times new roman'; font-size: 10pt; text-indent: 0px; height: 140px; width: 100%;" width="100%">

<tr style="height: 10px; margin: 0px; text-indent: 0px;">
<td colspan="3" style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; margin: 0px; text-indent: 0px; height: 10px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0px; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;</font></p>







</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; margin: 0px; text-indent: 0px; height: 10px; text-align: center; vertical-align: middle; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="middle">
<p style="margin: 0px; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold; text-decoration: underline;">Board of Directors</font></p>







</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; margin: 0px; text-indent: 0px; height: 10px; text-align: center; vertical-align: middle; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="middle">
<p style="margin: 0px; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold; text-decoration: underline;">Statutory Executive Officers</font></p>







</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; margin: 0px; text-indent: 0px; height: 10px; text-align: center; vertical-align: middle; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="middle">
<p style="margin: 0px; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold; text-decoration: underline;">Fiscal Council</font></p>







</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; margin: 0px; text-indent: 0px; height: 10px; text-align: center; vertical-align: middle; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="middle">
<p style="margin: 0px; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold; text-decoration: underline;">Total</font></p>







</td>





</tr>
<tr style="height: 10px; margin: 0px; text-indent: 0px;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; margin: 0px; text-indent: 0px; height: 10px;" colspan="3"></td>
<td style="vertical-align: top; margin: 0px; text-indent: 0px; height: 10px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;"></td>
<td style="vertical-align: top; margin: 0px; text-indent: 0px; height: 10px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;"></td>
<td style="vertical-align: top; margin: 0px; text-indent: 0px; height: 10px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;"></td>
<td style="vertical-align: top; margin: 0px; text-indent: 0px; height: 10px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;"></td>





</tr>
<tr style="height: 10px; margin: 0px; text-indent: 0px;">
<td colspan="3" style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; margin: 0px; text-indent: 0px; height: 10px; width: 40%;">
<p style="margin: 0px; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">Number of members in 2023</font></p>







</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; margin: 0px; text-indent: 0px; height: 10px; width: 15%;">
<p style="margin: 0px; text-align: right; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">9.30</font></p>







</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; margin: 0px; text-indent: 0px; height: 10px; width: 15%;">
<p style="margin: 0px; text-align: right; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">5.30</font></p>







</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; margin: 0px; text-indent: 0px; height: 10px; width: 15%;">
<p style="margin: 0px; text-align: right; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">6</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">.</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">00</font></p>







</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; margin: 0px; text-indent: 0px; height: 10px; width: 15%;">
<p style="margin: 0px; text-align: right; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">20</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">.</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">60</font></p>







</td>





</tr>
<tr style="height: 10px; margin: 0px; text-indent: 0px;">
<td colspan="3" style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; margin: 0px; text-indent: 0px; height: 10px;">
<p style="margin: 0px; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">Number of compensated members in 2023<font style="font-size: 8pt;"><sup>1</sup></font></font></p>







</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; margin: 0px; text-indent: 0px; height: 10px;">
<p style="margin: 0px; text-align: right; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">Zero</font></p>







</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; margin: 0px; text-indent: 0px; height: 10px;">
<p style="margin: 0px; text-align: right; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">5</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">.</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">30</font></p>







</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; margin: 0px; text-indent: 0px; height: 10px;">
<p style="margin: 0px; text-align: right; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">Zero</font></p>







</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; margin: 0px; text-indent: 0px; height: 10px;">
<p style="margin: 0px; text-align: right; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">5</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">.</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">30</font></p>







</td>





</tr>
<tr style="height: 10px; margin: 0px; text-indent: 0px;">
<td colspan="3" style="background-color: #ffffff; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; margin: 0px; text-indent: 0px; height: 10px;">
<p style="margin: 0px; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">Bonus:</font></p>







</td>
<td style="background-color: #ffffff; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; margin: 0px; text-indent: 0px; height: 10px;">
<p style="margin: 0px; text-align: right; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">&nbsp;</font></p>







</td>
<td style="background-color: #ffffff; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; margin: 0px; text-indent: 0px; height: 10px;">
<p style="margin: 0px; text-align: right; text-indent: 0px;"><font style="color: #ff0000; font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">&nbsp;</font></p>







</td>
<td style="background-color: #ffffff; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; margin: 0px; text-indent: 0px; height: 10px;">
<p style="margin: 0px; text-align: right; text-indent: 0px;"><font style="color: #ff0000; font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">&nbsp;</font></p>







</td>
<td style="background-color: #ffffff; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; margin: 0px; text-indent: 0px; height: 10px;">
<p style="margin: 0px; text-align: right; text-indent: 0px;"><font style="color: #ff0000; font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">&nbsp;</font></p>







</td>





</tr>
<tr style="height: 10px; margin: 0px; text-indent: 0px;">
<td colspan="3" style="background-color: #ffffff; padding: 0px 4px 0px 10px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 10px;">
<p style="margin: 0px; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">Minimum under the compensation plan</font></p>







</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; margin: 0px; text-indent: 0px; height: 10px;">
<p style="margin: 0px; text-align: right; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">N/A</font></p>







</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; margin: 0px; text-indent: 0px; height: 10px;">
<p style="margin: 0px; text-align: right; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">N/A</font></p>







</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; margin: 0px; text-indent: 0px; height: 10px;">
<p style="margin: 0px; text-align: right; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">N/A</font></p>







</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; margin: 0px; text-indent: 0px; height: 10px;">
<p style="margin: 0px; text-align: right; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">N/A</font></p>







</td>





</tr>
<tr style="height: 10px; margin: 0px; text-indent: 0px;">
<td colspan="3" style="background-color: #ffffff; padding: 0px 4px 0px 10px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 10px;">
<p style="margin: 0px; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">Maximum under the compensation plan</font></p>







</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; margin: 0px; text-indent: 0px; height: 10px;">
<p style="margin: 0px; text-align: right; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">N/A</font></p>







</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; margin: 0px; text-indent: 0px; height: 10px;">
<p style="margin: 0px; text-align: right; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">N/A</font></p>







</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; margin: 0px; text-indent: 0px; height: 10px;">
<p style="margin: 0px; text-align: right; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">N/A</font></p>







</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; margin: 0px; text-indent: 0px; height: 10px;">
<p style="margin: 0px; text-align: right; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">N/A</font></p>







</td>





</tr>
<tr style="height: 10px; margin: 0px; text-indent: 0px;">
<td colspan="3" style="background-color: #ffffff; padding: 0px 4px 0px 10px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 10px;">
<p style="margin: 0px; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">Estimated under the compensation plan assuming target attainment</font></p>







</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; margin: 0px; text-indent: 0px; height: 10px;">
<p style="margin: 0px; text-align: right; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">N/A</font></p>







</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; margin: 0px; text-indent: 0px; height: 10px;">
<p style="margin: 0px; text-align: right; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">N/A</font></p>







</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; margin: 0px; text-indent: 0px; height: 10px;">
<p style="margin: 0px; text-align: right; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">N/A</font></p>







</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; margin: 0px; text-indent: 0px; height: 10px;">
<p style="margin: 0px; text-align: right; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">N/A</font></p>







</td>





</tr>
<tr style="height: 10px; margin: 0px; text-indent: 0px;">
<td colspan="3" style="background-color: #ffffff; padding: 0px 4px 0px 10px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 10px;">
<p style="margin: 0px; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">Recognized amount</font></p>







</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; margin: 0px; text-indent: 0px; height: 10px;">
<p style="margin: 0px; text-align: right; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">N/A</font></p>







</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; margin: 0px; text-indent: 0px; height: 10px;">
<p style="margin: 0px; text-align: right; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">N/A</font></p>







</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; margin: 0px; text-indent: 0px; height: 10px;">
<p style="margin: 0px; text-align: right; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">N/A</font></p>







</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; margin: 0px; text-indent: 0px; height: 10px;">
<p style="margin: 0px; text-align: right; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">N/A</font></p>







</td>





</tr>
<tr style="height: 10px; margin: 0px; text-indent: 0px;">
<td colspan="3" style="background-color: #ffffff; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; margin: 0px; text-indent: 0px; height: 10px;">
<p style="margin: 0px; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">Profit-sharing:</font></p>







</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; margin: 0px; text-indent: 0px; height: 10px;">
<p style="margin: 0px; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">&nbsp;</font></p>







</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; margin: 0px; text-indent: 0px; height: 10px;">
<p style="margin: 0px; text-align: right; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;</font></p>







</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; margin: 0px; text-indent: 0px; height: 10px;">
<p style="margin: 0px; text-align: right; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;</font></p>







</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; margin: 0px; text-indent: 0px; height: 10px;">
<p style="margin: 0px; text-align: right; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;</font></p>







</td>





</tr>
<tr style="height: 10px; margin: 0px; text-indent: 0px;">
<td colspan="3" style="background-color: #ffffff; padding: 0px 4px 0px 10px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 10px;">
<p style="margin: 0px; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">Minimum under the compensation plan</font></p>







</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; margin: 0px; text-indent: 0px; height: 10px;">
<p style="margin: 0px; text-align: right; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">N/A</font></p>







</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; margin: 0px; text-indent: 0px; height: 10px;">
<p style="margin: 0px; text-align: right; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">Zero</font></p>







</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; margin: 0px; text-indent: 0px; height: 10px;">
<p style="margin: 0px; text-align: right; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">N/A</font></p>







</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; margin: 0px; text-indent: 0px; height: 10px;">
<p style="margin: 0px; text-align: right; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">Zero</font></p>







</td>





</tr>
<tr style="height: 10px; margin: 0px; text-indent: 0px;">
<td colspan="3" style="background-color: #ffffff; padding: 0px 4px 0px 10px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 10px;">
<p style="margin: 0px; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">Maximum under the compensation plan<font style="font-size: 8pt;"><sup>2</sup></font></font></p>







</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; margin: 0px; text-indent: 0px; height: 10px;">
<p style="margin: 0px; text-align: right; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">N/A</font></p>







</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; margin: 0px; text-indent: 0px; height: 10px;">
<p style="margin: 0px; text-align: right; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">22</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">,</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">884</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">.</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">3</font></p>







</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; margin: 0px; text-indent: 0px; height: 10px;">
<p style="margin: 0px; text-align: right; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">N/A</font></p>







</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; margin: 0px; text-indent: 0px; height: 10px;">
<p style="margin: 0px; text-align: right; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">22</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">,</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">884</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">.</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">3</font></p>







</td>





</tr>
<tr style="height: 10px; margin: 0px; text-indent: 0px;">
<td colspan="3" style="background-color: #ffffff; padding: 0px 4px 0px 10px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 10px;">
<p style="margin: 0px; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">Estimated under the 2023 compensation plan assuming target attainment</font></p>







</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; margin: 0px; text-indent: 0px; height: 10px;">
<p style="margin: 0px; text-align: right; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">N/A</font></p>







</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; margin: 0px; text-indent: 0px; height: 10px;">
<p style="margin: 0px; text-align: right; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">16</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">,</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">230</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">.</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">0</font></p>







</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; margin: 0px; text-indent: 0px; height: 10px;">
<p style="margin: 0px; text-align: right; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">N/A</font></p>







</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; margin: 0px; text-indent: 0px; height: 10px;">
<p style="margin: 0px; text-align: right; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">16</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">,</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">230</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">.</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">0</font></p>







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</tr>
<tr style="height: 10px; margin: 0px; text-indent: 0px;">
<td colspan="3" style="background-color: #ffffff; padding: 0px 4px 0px 10px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0px; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">Recognized amount in 2023</font></p>







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<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; margin: 0px; text-indent: 0px; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0px; text-align: right; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">N/A</font></p>







</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; margin: 0px; text-indent: 0px; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0px; text-align: right; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">20</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">,</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">871</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">.</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">9</font></p>







</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; margin: 0px; text-indent: 0px; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0px; text-align: right; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">N/A</font></p>







</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; margin: 0px; text-indent: 0px; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0px; text-align: right; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">20</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">,</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">871</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">.</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">9</font></p>







</td>





</tr>













</table>
<p style="line-height: 1.2; margin: 0px; text-align: justify; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">&#185; Considers only members to whom variable compensation has been allocated, as specified in Of&#237;cio Circular/CVM/SEP/</font><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">2024</font></p>
<p style="line-height: 1.2; margin: 0px; text-align: justify; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">&nbsp;&nbsp;</font></p>
<p style="line-height: 1.2; margin: 0px; text-align: justify; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">&#178; Regarding the portion related to the individual performance, the evaluation is performed between 80% and 120% of the goals achieved. Concerning the portion related to the economic performance, the evaluation considers value creation targets, as measured by EVA. The maximum compensation is calculated based on an achievement of 200% of the economic value generation goals and 120% of the individual goals</font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">&nbsp;&nbsp;</font></p>
<p style="line-height: 12pt; margin: 0px; text-align: justify; text-indent: 0px;"><br></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'>91</font></font></td>




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<div style="width: 8.5in; margin: 0 auto;">
<p style="line-height: 12pt; margin: 0px; text-align: justify; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;</font></p>
<table cellspacing="0" cellpadding="0" style="height: 152px; border-collapse: collapse; margin: 0px 0px 0px 0.1px; font-family: 'times new roman'; font-size: 10pt; text-indent: 0px; width: 100%;" width="100%">

<tr style="height: 10px; margin: 0px; text-indent: 0px;">
<td colspan="3" style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; margin: 0px; text-indent: 0px; height: 10px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0px; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;</font></p>







</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; margin: 0px; text-indent: 0px; height: 10px; text-align: center; vertical-align: middle; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="middle">
<p style="margin: 0px; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold; text-decoration: underline;">Board of Directors</font></p>







</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; margin: 0px; text-indent: 0px; height: 10px; text-align: center; vertical-align: middle; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="middle">
<p style="margin: 0px; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold; text-decoration: underline;">Statutory Executive Officers</font></p>







</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; margin: 0px; text-indent: 0px; height: 10px; text-align: center; vertical-align: middle; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="middle">
<p style="margin: 0px; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold; text-decoration: underline;">Fiscal Council</font></p>







</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; margin: 0px; text-indent: 0px; height: 10px; text-align: center; vertical-align: middle; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="middle">
<p style="margin: 0px; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold; text-decoration: underline;">Total</font></p>







</td>





</tr>
<tr style="height: 10px; margin: 0px; text-indent: 0px;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; margin: 0px; text-indent: 0px; height: 10px;" colspan="3">
<p style="margin: 0px; text-align: center; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;</font></p>





</td>
<td style="vertical-align: top; margin: 0px; text-indent: 0px; height: 10px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;"></td>
<td style="vertical-align: top; margin: 0px; text-indent: 0px; height: 10px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;"></td>
<td style="vertical-align: top; margin: 0px; text-indent: 0px; height: 10px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;"></td>
<td style="vertical-align: top; margin: 0px; text-indent: 0px; height: 10px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;"></td>





</tr>
<tr style="height: 14px; margin: 0px; text-indent: 0px;">
<td colspan="3" style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; margin: 0px; text-indent: 0px; height: 14px; width: 40%;">
<p style="margin: 0px; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">Number of members in 2022</font></p>







</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; margin: 0px; text-indent: 0px; height: 14px; width: 15%;">
<p style="margin: 0px; text-align: right; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">10</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">.</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">00</font></p>







</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; margin: 0px; text-indent: 0px; height: 14px; width: 15%;">
<p style="margin: 0px; text-align: right; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">6</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">.</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">25</font></p>







</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; margin: 0px; text-indent: 0px; height: 14px; width: 15%;">
<p style="margin: 0px; text-align: right; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">6</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">.</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">00</font></p>







</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; margin: 0px; text-indent: 0px; height: 14px; width: 15%;">
<p style="margin: 0px; text-align: right; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">22</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">.</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">25</font></p>







</td>





</tr>
<tr style="height: 17px; margin: 0px; text-indent: 0px;">
<td colspan="3" style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; margin: 0px; text-indent: 0px; height: 17px;">
<p style="margin: 0px; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">Number of compensated members in 2022<font style="font-size: 8pt;"><sup>1</sup></font></font></p>







</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; margin: 0px; text-indent: 0px; height: 17px;">
<p style="margin: 0px; text-align: right; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">0</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">.</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">00</font></p>







</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; margin: 0px; text-indent: 0px; height: 17px;">
<p style="margin: 0px; text-align: right; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">6</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">.</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">25</font></p>







</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; margin: 0px; text-indent: 0px; height: 17px;">
<p style="margin: 0px; text-align: right; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">0</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">.</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">00</font></p>







</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; margin: 0px; text-indent: 0px; height: 17px;">
<p style="margin: 0px; text-align: right; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">6</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">.</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">25</font></p>







</td>





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<tr style="height: 10px; margin: 0px; text-indent: 0px;">
<td colspan="3" style="background-color: #ffffff; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; margin: 0px; text-indent: 0px; height: 10px;">
<p style="margin: 0px; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">Bonus:</font></p>







</td>
<td style="background-color: #ffffff; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; margin: 0px; text-indent: 0px; height: 10px;">
<p style="margin: 0px; text-align: right; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">&nbsp;</font></p>







</td>
<td style="background-color: #ffffff; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; margin: 0px; text-indent: 0px; height: 10px;">
<p style="margin: 0px; text-align: right; text-indent: 0px;"><font style="color: #ff0000; font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">&nbsp;</font></p>







</td>
<td style="background-color: #ffffff; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; margin: 0px; text-indent: 0px; height: 10px;">
<p style="margin: 0px; text-align: right; text-indent: 0px;"><font style="color: #ff0000; font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">&nbsp;</font></p>







</td>
<td style="background-color: #ffffff; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; margin: 0px; text-indent: 0px; height: 10px;">
<p style="margin: 0px; text-align: right; text-indent: 0px;"><font style="color: #ff0000; font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">&nbsp;</font></p>







</td>





</tr>
<tr style="height: 10px; margin: 0px; text-indent: 0px;">
<td colspan="3" style="background-color: #ffffff; padding: 0px 4px 0px 10px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 10px;">
<p style="margin: 0px; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">Minimum under the compensation plan</font></p>







</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; margin: 0px; text-indent: 0px; height: 10px;">
<p style="margin: 0px; text-align: right; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">N/A</font></p>







</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; margin: 0px; text-indent: 0px; height: 10px;">
<p style="margin: 0px; text-align: right; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">N/A</font></p>







</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; margin: 0px; text-indent: 0px; height: 10px;">
<p style="margin: 0px; text-align: right; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">N/A</font></p>







</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; margin: 0px; text-indent: 0px; height: 10px;">
<p style="margin: 0px; text-align: right; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">N/A</font></p>







</td>





</tr>
<tr style="height: 10px; margin: 0px; text-indent: 0px;">
<td colspan="3" style="background-color: #ffffff; padding: 0px 4px 0px 10px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 10px;">
<p style="margin: 0px; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">Maximum under the compensation plan</font></p>







</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; margin: 0px; text-indent: 0px; height: 10px;">
<p style="margin: 0px; text-align: right; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">N/A</font></p>







</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; margin: 0px; text-indent: 0px; height: 10px;">
<p style="margin: 0px; text-align: right; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">N/A</font></p>







</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; margin: 0px; text-indent: 0px; height: 10px;">
<p style="margin: 0px; text-align: right; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">N/A</font></p>







</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; margin: 0px; text-indent: 0px; height: 10px;">
<p style="margin: 0px; text-align: right; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">N/A</font></p>







</td>





</tr>
<tr style="height: 10px; margin: 0px; text-indent: 0px;">
<td colspan="3" style="background-color: #ffffff; padding: 0px 4px 0px 10px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 10px;">
<p style="margin: 0px; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">Estimated under the compensation plan assuming target attainment</font></p>







</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; margin: 0px; text-indent: 0px; height: 10px;">
<p style="margin: 0px; text-align: right; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">N/A</font></p>







</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; margin: 0px; text-indent: 0px; height: 10px;">
<p style="margin: 0px; text-align: right; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">N/A</font></p>







</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; margin: 0px; text-indent: 0px; height: 10px;">
<p style="margin: 0px; text-align: right; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">N/A</font></p>







</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; margin: 0px; text-indent: 0px; height: 10px;">
<p style="margin: 0px; text-align: right; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">N/A</font></p>







</td>





</tr>
<tr style="height: 10px; margin: 0px; text-indent: 0px;">
<td colspan="3" style="background-color: #ffffff; padding: 0px 4px 0px 10px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 10px;">
<p style="margin: 0px; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">Recognized amount</font></p>







</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; margin: 0px; text-indent: 0px; height: 10px;">
<p style="margin: 0px; text-align: right; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">N/A</font></p>







</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; margin: 0px; text-indent: 0px; height: 10px;">
<p style="margin: 0px; text-align: right; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">N/A</font></p>







</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; margin: 0px; text-indent: 0px; height: 10px;">
<p style="margin: 0px; text-align: right; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">N/A</font></p>







</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; margin: 0px; text-indent: 0px; height: 10px;">
<p style="margin: 0px; text-align: right; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">N/A</font></p>







</td>





</tr>
<tr style="height: 10px; margin: 0px; text-indent: 0px;">
<td colspan="3" style="background-color: #ffffff; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; margin: 0px; text-indent: 0px; height: 10px;">
<p style="margin: 0px; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">Profit-sharing:</font></p>







</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; margin: 0px; text-indent: 0px; height: 10px;">
<p style="margin: 0px; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">&nbsp;</font></p>







</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; margin: 0px; text-indent: 0px; height: 10px;">
<p style="margin: 0px; text-align: right; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;</font></p>







</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; margin: 0px; text-indent: 0px; height: 10px;">
<p style="margin: 0px; text-align: right; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;</font></p>







</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; margin: 0px; text-indent: 0px; height: 10px;">
<p style="margin: 0px; text-align: right; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;</font></p>







</td>





</tr>
<tr style="height: 11px; margin: 0px; text-indent: 0px;">
<td colspan="3" style="background-color: #ffffff; padding: 0px 4px 0px 10px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 11px;">
<p style="margin: 0px; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">Minimum under the compensation plan</font></p>







</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; margin: 0px; text-indent: 0px; height: 11px;">
<p style="margin: 0px; text-align: right; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">N/A</font></p>







</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; margin: 0px; text-indent: 0px; height: 11px;">
<p style="margin: 0px; text-align: right; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">Zero</font></p>







</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; margin: 0px; text-indent: 0px; height: 11px;">
<p style="margin: 0px; text-align: right; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">N/A</font></p>







</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; margin: 0px; text-indent: 0px; height: 11px;">
<p style="margin: 0px; text-align: right; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">Zero</font></p>







</td>





</tr>
<tr style="height: 10px; margin: 0px; text-indent: 0px;">
<td colspan="3" style="background-color: #ffffff; padding: 0px 4px 0px 10px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 10px;">
<p style="margin: 0px; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">Maximum under the compensation plan<font style="font-size: 8pt;"><sup>2</sup></font></font></p>







</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; margin: 0px; text-indent: 0px; height: 10px;">
<p style="margin: 0px; text-align: right; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">N/A</font></p>







</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; margin: 0px; text-indent: 0px; height: 10px;">
<p style="margin: 0px; text-align: right; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">27</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">,</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">283</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">.</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">5</font></p>







</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; margin: 0px; text-indent: 0px; height: 10px;">
<p style="margin: 0px; text-align: right; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">N/A</font></p>







</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; margin: 0px; text-indent: 0px; height: 10px;">
<p style="margin: 0px; text-align: right; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">27</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">,</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">283</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">.</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">5</font></p>







</td>





</tr>
<tr style="height: 10px; margin: 0px; text-indent: 0px;">
<td colspan="3" style="background-color: #ffffff; padding: 0px 4px 0px 10px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 10px;">
<p style="margin: 0px; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">Estimated under the 2022 compensation plan assuming target attainment</font></p>







</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; margin: 0px; text-indent: 0px; height: 10px;">
<p style="margin: 0px; text-align: right; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">N/A</font></p>







</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; margin: 0px; text-indent: 0px; height: 10px;">
<p style="margin: 0px; text-align: right; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">19</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">,</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">350</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">.</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">0</font></p>







</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; margin: 0px; text-indent: 0px; height: 10px;">
<p style="margin: 0px; text-align: right; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">N/A</font></p>







</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; margin: 0px; text-indent: 0px; height: 10px;">
<p style="margin: 0px; text-align: right; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">19</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">,</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">350</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">.</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">0</font></p>







</td>





</tr>
<tr style="height: 10px; margin: 0px; text-indent: 0px;">
<td colspan="3" style="background-color: #ffffff; padding: 0px 4px 0px 10px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0px; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">Recognized amount in 2022</font></p>







</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; margin: 0px; text-indent: 0px; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0px; text-align: right; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">N/A</font></p>







</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; margin: 0px; text-indent: 0px; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0px; text-align: right; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">25</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">,</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">756</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">.</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">4</font></p>







</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; margin: 0px; text-indent: 0px; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0px; text-align: right; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">N/A</font></p>







</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; margin: 0px; text-indent: 0px; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0px; text-align: right; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">25</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">,</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">756</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">.</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">4</font></p>







</td>





</tr>













</table>
<p style="line-height: 1.2; margin: 0px; text-align: justify; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">&#185; Considers only members to whom variable compensation has been allocated, as specified in Of&#237;cio Circular/CVM/SEP/</font><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">2024</font></p>
<p style="line-height: 1.2; margin: 0px; text-align: justify; text-indent: 0px;"><br></p>
<p style="line-height: 1.2; margin: 0px; text-align: justify; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">&#178; Regarding the portion related to the individual performance, the evaluation is performed between 80% and 120% of the goals achieved. Concerning the portion related to the economic performance, the evaluation considers </font><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">value creation targets, as measured by EVA. The maximum compensation is calculated based on an achievement of 200% of the economic value generation goals and 120% of the individual goals</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;</font></p>
<p style="line-height: 12pt; margin: 0px; text-align: justify; text-indent: 0px;"><br></p>



</div>
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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'>92</font></font></td>




</tr>









</table>
<hr class="horizontalLineRemoved" style="border-bottom-color: #000000; border-top-color: #000000; color: #000000; background-color: #000000;"></hr>
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</div>
<p style="line-height: 12pt; margin: 0px; text-align: justify; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;&nbsp;</font></p>
<div style="width: 8.5in; margin: 0 auto;">
<table cellspacing="0" cellpadding="0" style="height: 140px; border-collapse: collapse; margin: 0px 0px 0px 0.1px; font-family: 'times new roman'; font-size: 10pt; text-indent: 0px; width: 100%;" width="100%">

<tr style="height: 10px; margin: 0px; text-indent: 0px;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; margin: 0px; text-indent: 0px; height: 10px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0px; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;</font></p>







</td>
<td colspan="2" style="padding-left: 3.5pt; padding-right: 3.5pt; margin: 0px; text-indent: 0px; height: 10px; text-align: center; vertical-align: middle; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="middle">
<p style="margin: 0px; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold; text-decoration: underline;">Board of Directors</font></p>







</td>
<td colspan="2" style="padding-left: 3.5pt; padding-right: 3.5pt; margin: 0px; text-indent: 0px; height: 10px; text-align: center; vertical-align: middle; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="middle">
<p style="margin: 0px; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold; text-decoration: underline;">Statutory Executive Officers</font></p>







</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; margin: 0px; text-indent: 0px; height: 10px; text-align: center; vertical-align: middle; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="middle">
<p style="margin: 0px; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold; text-decoration: underline;">Fiscal Council</font></p>







</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; margin: 0px; text-indent: 0px; height: 10px; text-align: center; vertical-align: middle; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="middle">
<p style="margin: 0px; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold; text-decoration: underline;">Total</font></p>







</td>





</tr>
<tr style="height: 10px; margin: 0px; text-indent: 0px;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; margin: 0px; text-indent: 0px; height: 10px;">
<p style="margin: 0px; text-align: center; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">&nbsp;</font></p>







</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; margin: 0px; text-indent: 0px; height: 10px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;">
<p style="margin: 0px; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;</font></p>







</td>
<td colspan="3" style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; margin: 0px; text-indent: 0px; height: 10px;">
<p style="margin: 0px; text-align: center; text-indent: 0px;"><br></p>





</td>
<td style="vertical-align: top; margin: 0px; text-indent: 0px; height: 10px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;"></td>
<td style="vertical-align: top; margin: 0px; text-indent: 0px; height: 10px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;"></td>





</tr>
<tr style="height: 10px; margin: 0px; text-indent: 0px;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; margin: 0px; text-indent: 0px; height: 10px; width: 40%;">
<p style="margin: 0px; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">Number of members in 2021</font></p>







</td>
<td colspan="2" style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; margin: 0px; text-indent: 0px; height: 10px; width: 15%;">
<p style="margin: 0px; text-align: right; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">11</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">.</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">00</font></p>







</td>
<td colspan="2" style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; margin: 0px; text-indent: 0px; height: 10px; width: 15%;">
<p style="margin: 0px; text-align: right; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">6</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">.</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">22</font></p>







</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; margin: 0px; text-indent: 0px; height: 10px; width: 15%;">
<p style="margin: 0px; text-align: right; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">6</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">.</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">00</font></p>







</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; margin: 0px; text-indent: 0px; height: 10px; width: 15%;">
<p style="margin: 0px; text-align: right; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">23</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">.</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">22</font></p>







</td>





</tr>
<tr style="height: 10px; margin: 0px; text-indent: 0px;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; margin: 0px; text-indent: 0px; height: 10px;">
<p style="margin: 0px; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">Number of compensated members in 2021<font style="font-size: 8pt;"><sup>1</sup></font></font></p>







</td>
<td colspan="2" style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; margin: 0px; text-indent: 0px; height: 10px;">
<p style="margin: 0px; text-align: right; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">0</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">.</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">00</font></p>







</td>
<td colspan="2" style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; margin: 0px; text-indent: 0px; height: 10px;">
<p style="margin: 0px; text-align: right; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">6</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">.</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">22</font></p>







</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; margin: 0px; text-indent: 0px; height: 10px;">
<p style="margin: 0px; text-align: right; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">0</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">.</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">00</font></p>







</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; margin: 0px; text-indent: 0px; height: 10px;">
<p style="margin: 0px; text-align: right; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">6</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">.</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">22</font></p>







</td>





</tr>
<tr style="height: 10px; margin: 0px; text-indent: 0px;">
<td style="background-color: #ffffff; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; margin: 0px; text-indent: 0px; height: 10px;">
<p style="margin: 0px; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">Bonus:</font></p>







</td>
<td colspan="2" style="background-color: #ffffff; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; margin: 0px; text-indent: 0px; height: 10px;">
<p style="margin: 0px; text-align: right; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">&nbsp;</font></p>







</td>
<td colspan="2" style="background-color: #ffffff; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; margin: 0px; text-indent: 0px; height: 10px;">
<p style="margin: 0px; text-align: right; text-indent: 0px;"><font style="color: #ff0000; font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">&nbsp;</font></p>







</td>
<td style="background-color: #ffffff; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; margin: 0px; text-indent: 0px; height: 10px;">
<p style="margin: 0px; text-align: right; text-indent: 0px;"><font style="color: #ff0000; font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">&nbsp;</font></p>







</td>
<td style="background-color: #ffffff; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; margin: 0px; text-indent: 0px; height: 10px;">
<p style="margin: 0px; text-align: right; text-indent: 0px;"><font style="color: #ff0000; font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">&nbsp;</font></p>







</td>





</tr>
<tr style="height: 10px; margin: 0px; text-indent: 0px;">
<td style="background-color: #ffffff; padding: 0px 4px 0px 10px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 10px;">
<p style="margin: 0px; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">Minimum under the compensation plan</font></p>







</td>
<td colspan="2" style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; margin: 0px; text-indent: 0px; height: 10px;">
<p style="margin: 0px; text-align: right; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">N/A</font></p>







</td>
<td colspan="2" style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; margin: 0px; text-indent: 0px; height: 10px;">
<p style="margin: 0px; text-align: right; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">N/A</font></p>







</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; margin: 0px; text-indent: 0px; height: 10px;">
<p style="margin: 0px; text-align: right; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">N/A</font></p>







</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; margin: 0px; text-indent: 0px; height: 10px;">
<p style="margin: 0px; text-align: right; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">N/A</font></p>







</td>





</tr>
<tr style="height: 10px; margin: 0px; text-indent: 0px;">
<td style="background-color: #ffffff; padding: 0px 4px 0px 10px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 10px;">
<p style="margin: 0px; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">Maximum under the compensation plan</font></p>







</td>
<td colspan="2" style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; margin: 0px; text-indent: 0px; height: 10px;">
<p style="margin: 0px; text-align: right; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">N/A</font></p>







</td>
<td colspan="2" style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; margin: 0px; text-indent: 0px; height: 10px;">
<p style="margin: 0px; text-align: right; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">N/A</font></p>







</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; margin: 0px; text-indent: 0px; height: 10px;">
<p style="margin: 0px; text-align: right; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">N/A</font></p>







</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; margin: 0px; text-indent: 0px; height: 10px;">
<p style="margin: 0px; text-align: right; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">N/A</font></p>







</td>





</tr>
<tr style="height: 10px; margin: 0px; text-indent: 0px;">
<td style="background-color: #ffffff; padding: 0px 4px 0px 10px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 10px;">
<p style="margin: 0px; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">Estimated under the compensation plan assuming target attainment</font></p>







</td>
<td colspan="2" style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; margin: 0px; text-indent: 0px; height: 10px;">
<p style="margin: 0px; text-align: right; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">N/A</font></p>







</td>
<td colspan="2" style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; margin: 0px; text-indent: 0px; height: 10px;">
<p style="margin: 0px; text-align: right; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">N/A</font></p>







</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; margin: 0px; text-indent: 0px; height: 10px;">
<p style="margin: 0px; text-align: right; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">N/A</font></p>







</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; margin: 0px; text-indent: 0px; height: 10px;">
<p style="margin: 0px; text-align: right; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">N/A</font></p>







</td>





</tr>
<tr style="height: 10px; margin: 0px; text-indent: 0px;">
<td style="background-color: #ffffff; padding: 0px 4px 0px 10px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 10px;">
<p style="margin: 0px; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">Recognized amount</font></p>







</td>
<td colspan="2" style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; margin: 0px; text-indent: 0px; height: 10px;">
<p style="margin: 0px; text-align: right; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">N/A</font></p>







</td>
<td colspan="2" style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; margin: 0px; text-indent: 0px; height: 10px;">
<p style="margin: 0px; text-align: right; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">N/A</font></p>







</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; margin: 0px; text-indent: 0px; height: 10px;">
<p style="margin: 0px; text-align: right; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">N/A</font></p>







</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; margin: 0px; text-indent: 0px; height: 10px;">
<p style="margin: 0px; text-align: right; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">N/A</font></p>







</td>





</tr>
<tr style="height: 10px; margin: 0px; text-indent: 0px;">
<td style="background-color: #ffffff; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; margin: 0px; text-indent: 0px; height: 10px;">
<p style="margin: 0px; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">Profit-sharing:</font></p>







</td>
<td colspan="2" style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; margin: 0px; text-indent: 0px; height: 10px;">
<p style="margin: 0px; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">&nbsp;</font></p>







</td>
<td colspan="2" style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; margin: 0px; text-indent: 0px; height: 10px;">
<p style="margin: 0px; text-align: right; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;</font></p>







</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; margin: 0px; text-indent: 0px; height: 10px;">
<p style="margin: 0px; text-align: right; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;</font></p>







</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; margin: 0px; text-indent: 0px; height: 10px;">
<p style="margin: 0px; text-align: right; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;</font></p>







</td>





</tr>
<tr style="height: 10px; margin: 0px; text-indent: 0px;">
<td style="background-color: #ffffff; padding: 0px 4px 0px 10px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 10px;">
<p style="margin: 0px; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">Minimum under the compensation plan</font></p>







</td>
<td colspan="2" style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; margin: 0px; text-indent: 0px; height: 10px;">
<p style="margin: 0px; text-align: right; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">N/A</font></p>







</td>
<td colspan="2" style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; margin: 0px; text-indent: 0px; height: 10px;">
<p style="margin: 0px; text-align: right; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">Zero</font></p>







</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; margin: 0px; text-indent: 0px; height: 10px;">
<p style="margin: 0px; text-align: right; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">N/A</font></p>







</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; margin: 0px; text-indent: 0px; height: 10px;">
<p style="margin: 0px; text-align: right; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">Zero</font></p>







</td>





</tr>
<tr style="height: 10px; margin: 0px; text-indent: 0px;">
<td style="background-color: #ffffff; padding: 0px 4px 0px 10px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 10px;">
<p style="margin: 0px; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">Maximum under the compensation plan<font style="font-size: 8pt;"><sup>2</sup></font></font></p>







</td>
<td colspan="2" style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; margin: 0px; text-indent: 0px; height: 10px;">
<p style="margin: 0px; text-align: right; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">N/A</font></p>







</td>
<td colspan="2" style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; margin: 0px; text-indent: 0px; height: 10px;">
<p style="margin: 0px; text-align: right; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">21</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">,</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">580</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">.</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">5</font></p>







</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; margin: 0px; text-indent: 0px; height: 10px;">
<p style="margin: 0px; text-align: right; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">N/A</font></p>







</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; margin: 0px; text-indent: 0px; height: 10px;">
<p style="margin: 0px; text-align: right; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">21</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">,</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">580</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">.</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">5</font></p>







</td>





</tr>
<tr style="height: 10px; margin: 0px; text-indent: 0px;">
<td style="background-color: #ffffff; padding: 0px 4px 0px 10px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 10px;">
<p style="margin: 0px; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">Estimated under the 2021 compensation plan assuming target attainment</font></p>







</td>
<td colspan="2" style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; margin: 0px; text-indent: 0px; height: 10px;">
<p style="margin: 0px; text-align: right; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">N/A</font></p>







</td>
<td colspan="2" style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; margin: 0px; text-indent: 0px; height: 10px;">
<p style="margin: 0px; text-align: right; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">15</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">,</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">305</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">.</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">4</font></p>







</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; margin: 0px; text-indent: 0px; height: 10px;">
<p style="margin: 0px; text-align: right; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">N/A</font></p>







</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; margin: 0px; text-indent: 0px; height: 10px;">
<p style="margin: 0px; text-align: right; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">15</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">,</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">305</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">.</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">4</font></p>







</td>





</tr>
<tr style="height: 10px; margin: 0px; text-indent: 0px;">
<td style="background-color: #ffffff; padding: 0px 4px 0px 10px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0px; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">Recognized amount in 2021</font></p>







</td>
<td colspan="2" style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; margin: 0px; text-indent: 0px; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0px; text-align: right; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">N/A</font></p>







</td>
<td colspan="2" style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; margin: 0px; text-indent: 0px; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0px; text-align: right; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">14</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">,</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">297</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">.</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">4</font></p>







</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; margin: 0px; text-indent: 0px; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0px; text-align: right; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">N/A</font></p>







</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; margin: 0px; text-indent: 0px; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0px; text-align: right; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">14</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">,</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">297</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">.</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">4</font></p>







</td>





</tr>













</table>
<p style="line-height: 1.2; margin: 0px; text-align: justify; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">&#185; Considers only members to whom variable compensation has been allocated, as specified in Of&#237;cio Circular/CVM/SEP/</font><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">2024</font></p>
<p style="line-height: 1.2; margin: 0px; text-align: justify; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">&nbsp;</font></p>
<p style="line-height: 1.2; margin: 0px; text-align: justify; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">&#178; Regarding the portion related to the individual performance, the evaluation is performed between 80% and 120% of the goals achieved. Concerning the portion related to the economic performance, the evaluation considers value creation targets, as measured by EVA. The maximum compensation is calculated based on an achievement of 200% of the economic value generation goals and 120% of the individual goals</font></p>
<p style="line-height: 1.2; margin: 0px; text-align: justify; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 8pt; line-height: inherit;">&nbsp;&nbsp;</font></p>


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




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</div><div style="font-family: 'times new roman', times; font-size: 10pt;">
<div>
<div style="width: 8.5in; margin: 0 auto;">
<p style="font-size: 9pt; line-height: 1.2; margin: 0px; text-align: justify; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold; line-height: inherit;">8.4. &#8211; Concerning the stock-based compensation plan for the Board of Directors and Statutory Executive Officers, in force in the previous fiscal year and estimated for the current fiscal year, describe:</font></p>
<p style="font-size: 9pt; line-height: 1.2; margin: 0px; text-align: justify; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold; line-height: inherit;">&nbsp;&nbsp;</font></p>
<ol style="margin: 0pt; padding-left: 0pt; list-style-type: lower-alpha;">
<li style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold; line-height: 120%; list-style-position: inside; margin: 0px; text-align: justify; text-indent: 0px;"> <font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold; text-decoration: underline; line-height: inherit;">General terms and conditions</font></li>












</ol>
<p style="font-size: 9pt; line-height: 1.2; margin: 0px; text-align: justify; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">&nbsp;&nbsp;</font></p>
<p style="font-size: 9pt; line-height: 1.2; margin: 0px; text-align: justify; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">Ultrapar has since 2003 adopted a stock-based incentive plan under which the executive was granted the usufruct of shares held in treasury, for periods of 5 to 7 years. After this period the ownership of the shares is transferred, provided that the relationship between the executive and the Company or its subsidiaries has not been interrupted. Said plan made its latest grants in 2017, and the vesting periods ended in 2023.</font></p>
<p style="font-size: 9pt; line-height: 1.2; margin: 0px; text-align: justify; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">&nbsp;&nbsp;</font></p>
<p style="font-size: 9pt; line-height: 1.2; margin: 0px; text-align: justify; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">At the Annual and Extraordinary General Shareholders&#8217; Meeting held on April 2017, Ultrapar&#8217;s shareholders approved a stock-based incentive plan, which establishes the general terms and conditions for granting common shares issued by the Company held in treasury, which may or may not involve granting usufruct over any portion thereof for subsequent transfer of ownership </font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">for periods from 3 to 10 years, to officers or staff of the Company or of its subsidiaries. The information with respect to stock-based compensation included in this compensation plan reflects both plans.</font></p>
<p style="font-size: 9pt; line-height: 1.2; margin: 0px; text-align: justify; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">&nbsp;</font></p>
<p style="font-size: 9pt; line-height: 1.2; margin: 0px; text-align: justify; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">At the Annual and Extraordinary General Shareholders&#8217; Meeting to be held on April 2023, a new stock-based incentive plan was approved, which establishes the general terms and conditions for granting Company&#8217;s common shares held in treasury, which may or may not involve granting usufruct over any portion thereof for subsequent transfer of ownership to board members, officers or staff of the Company or of its subsidiaries.</font></p>
<p style="font-size: 9pt; line-height: 1.2; margin: 0px; text-align: justify; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">&nbsp;&nbsp;</font></p>
<p style="font-size: 9pt; line-height: 1.2; margin: 0px; text-align: justify; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">In accordance with the approved plan, the Board of Directors may create programs for granting restricted shares, in which it will deliberate, respecting the terms of the plan, on the beneficiaries of the program, number of shares distributed, vesting, the division of the grant into tranches, eventual restrictions on the effective delivery of shares and provisions on penalties. The volume of shares and the beneficiary executives are determined by the Board of Directors, based on the People Committee&#8217;s recommendation.</font></p>
<p style="font-size: 9pt; line-height: 1.2; margin: 0px; text-align: justify; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">&nbsp;&nbsp;</font></p>
<p style="font-size: 9pt; line-height: 1.2; margin: 0px; text-align: justify; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">It should be noted that the global volume established in the plan approved in 2017 was fully used. For the new stock-based incentive plan approved in 2023, the total number of shares to be used shall be subject to the availability of such shares held in treasury and shall be limited to 5% of the capital stock on the date of the plan&#8217;s approval, which corresponds to 55,760</font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">,215</font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;"> shares. Annually, 1% of the Company's capital stock on April 19, 2023 may be granted.</font></p>
<p style="font-size: 9pt; line-height: 1.2; margin: 0px; text-align: justify; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">&nbsp;&nbsp;</font></p>
<p style="font-size: 9pt; line-height: 1.2; margin: 0px; text-align: justify; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">Ultrapar does not have an active stock option plan.</font></p>
<p style="font-size: 9pt; line-height: 1.2; margin: 0px; text-align: justify; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">&nbsp;</font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">&nbsp;</font></p>
<div style="margin: 0px; padding-left: 0pt; line-height: 1.2; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold; line-height: inherit; list-style-position: inside; text-align: justify; text-indent: 0pt; margin: 0pt 0pt 6pt 0pt !important;"><font style="line-height: inherit;">b.  </font> <font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold; text-decoration: underline; line-height: inherit;">Date of approval and responsible body</font></font></div>
<div style="margin: 0px; padding-left: 0pt; line-height: 1.2; text-indent: 0px;">&nbsp;&nbsp;</div>
<p style="font-size: 9pt; line-height: 1.2; margin: 0px; text-align: justify; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">The stock-based incentive plans currently in force were approved at the Annual and Extraordinary General Shareholders&#8217; Meetings of April 19, 2017 and April 19, 2023.</font></p>
<p style="font-size: 9pt; line-height: 1.2; margin: 0px; text-align: justify; text-indent: 0px;"><font style="color: #ff0000; font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">&nbsp; &nbsp;</font></p>
<div style="margin: 0px; padding-left: 0pt; line-height: 1.2; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold; line-height: inherit; list-style-position: inside; text-align: justify; text-indent: 0pt; margin: 0pt 0pt 6pt 0pt !important;"><font style="line-height: inherit;">c.  </font> <font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold; text-decoration: underline; line-height: inherit;">Maximum number of shares considered</font></font></div>
<div style="margin: 0px; padding-left: 0pt; line-height: 1.2; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold; line-height: inherit; list-style-position: inside; text-align: justify; text-indent: 0pt; margin: 0pt 0pt 6pt 0pt !important;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold; line-height: inherit;">&nbsp;&nbsp;</font></font></div>
<p style="font-size: 9pt; line-height: 1.2; margin: 0px; text-align: justify; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">The total number of shares to be used under the stock-based incentive plan approved in 2023 is subject to the availability of such shares held in treasury and limited to 5% with a limit of use of 1% per year of the capital stock on the date of the plan&#8217;s approval, which correspond to 55,760,215 shares. The total volume established in the plan approved in 2017 was utilized. For information on shares already awarded to the Company&#8217;s statutory executive officers, see Item 8.10.</font></p>
<p style="font-size: 9pt; line-height: 1.2; margin: 0px; text-align: justify; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">&nbsp; &nbsp;</font></p>
<div style="margin: 0px; padding-left: 0pt; line-height: 1.2; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold; line-height: inherit; list-style-position: inside; text-align: justify; text-indent: 0pt; margin: 0pt 0pt 6pt 0pt !important;"><font style="line-height: inherit;">d.  </font> <font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold; text-decoration: underline; line-height: inherit;">Maximum number of options to be granted</font></font></div>
<div style="margin: 0px; padding-left: 0pt; line-height: 1.2; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold; line-height: inherit; list-style-position: inside; text-align: justify; text-indent: 0pt; margin: 0pt 0pt 6pt 0pt !important;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold; line-height: inherit;">&nbsp;</font></font></div>
<p style="font-size: 9pt; line-height: 1.2; margin: 0px; text-align: justify; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">Not applicable.</font></p>
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<div style="width: 8.5in; margin: 0 auto;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp; &nbsp;</font>
<div style="margin: 0px; padding-left: 0pt; text-indent: 0px; line-height: 1.2;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold; line-height: inherit; list-style-position: inside; text-align: justify; text-indent: 0pt; margin: 0pt 0pt 6pt 0pt !important;"><font style="line-height: inherit;">e.  </font> <font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold; text-decoration: underline; line-height: inherit;">Conditions for acquisition of shares</font></font></div>
<p style="font-size: 9pt; line-height: 1.2; margin: 0px; text-align: justify; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">&nbsp;&nbsp;</font></p>
<p style="font-size: 9pt; line-height: 1.2; margin: 0px; text-align: justify; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">Shares are granted to managers in quantities previously set by the Board of Directors, considering the global annual compensation limit approved by the General Shareholders&#8217; Meeting. Considering the plans approved by the Company&#8217;s General Shareholders&#8217; Meeting held in 2003, 2017 and 2023, these shares shall remain as treasury shares for a minimum period of 2 years. Securing full ownership over the shares depends on the completion of the period established in each program and the maintenance of the executive&#8217;s relationship with the Company or its subsidiaries.</font></p>
<p style="font-size: 9pt; line-height: 1.2; margin: 0px; text-align: justify; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">&nbsp;&nbsp;</font></p>
<p style="font-size: 9pt; line-height: 1.2; margin: 0px; text-align: justify; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">Until 2023, the Corporate Executive Compensation Policy, based on the approved plans, provided for the granting of performance shares, and their transfer shall be contingent on the attainment of the Company&#8217;s financial targets over the duration of the vesting period. These shares are not subject to the grant of usufruct. The financial targets involved are previously set by </font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">the Board of Directors; from 2020 to 2023, the targets were set based on economic value-added (EVA</font><font style="font-family: 'Century Gothic'; font-size: 6pt; vertical-align: super; line-height: inherit;">&#174;</font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">). The Corporate Executive Compensation Policy approved by the Board of Directors in February 2024 was amended to solely provide for the granting of restricted shares.</font></p>
<p style="font-size: 9pt; line-height: 1.2; margin: 0px; text-align: justify; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">&nbsp;&nbsp;</font></p>
<p style="font-size: 9pt; line-height: 1.2; margin: 0px; text-align: justify; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">According to the new stock-based incentive plan approved by the Annual and Extraordinary General Shareholders&#8217; Meeting on April 2023, the grants made to members of the Board of Directors are based only on restricted shares.</font></p>
<p style="font-size: 9pt; line-height: 1.2; margin: 0px; text-align: justify; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">&nbsp; &nbsp;</font></p>
<div style="margin: 0px; padding-left: 0pt; text-indent: 0px; line-height: 1.2;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold; line-height: inherit; list-style-position: inside; text-align: justify; text-indent: 0pt; margin: 0pt 0pt 6pt 0pt !important;"><font style="line-height: inherit;">f.  </font><font style="font-style: normal; font-variant: normal; font-kerning: auto; font-optical-sizing: auto; font-feature-settings: normal; font-variation-settings: normal; font-weight: normal; font-stretch: normal; font-size: 7pt; line-height: inherit; font-family: 'Times New Roman';">&nbsp;&nbsp; </font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold; text-decoration: underline; line-height: inherit;">Criteria for setting the acquisition or exercise price</font></font></div>
<p style="font-size: 11pt; line-height: 1.2; margin: 0px; text-align: justify; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">&nbsp;&nbsp;</font></p>
<p style="font-size: 11pt; line-height: 1.2; margin: 0px; text-align: justify; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">For more information on the</font> <font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">methodology for calculating and adjusting the stock-based compensation plan, see item 8.1.c.i.</font></p>
<p style="font-size: 9pt; line-height: 1.2; margin: 0px; text-align: justify; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">&nbsp; &nbsp;</font></p>
<div style="margin: 0px; padding-left: 0pt; text-indent: 0px; line-height: 1.2;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold; line-height: inherit; list-style-position: inside; text-align: justify; text-indent: 0pt; margin: 0pt 0pt 6pt 0pt !important;"><font style="line-height: inherit;">g.  </font> <font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold; text-decoration: underline; line-height: inherit;">Criteria for setting the acquisition or exercise period</font></font></div>
<p style="font-size: 9pt; line-height: 1.2; margin: 0px; text-align: justify; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">&nbsp;&nbsp;</font></p>
<p style="font-size: 9pt; line-height: 1.2; margin: 0px; text-align: justify; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">For more information on the terms of the stock-based compensation plan, see item 8.4.a.</font></p>
<p style="font-size: 9pt; line-height: 1.2; margin: 0px; text-align: justify; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">&nbsp; &nbsp;</font></p>
<div style="margin: 0px; padding-left: 0pt; text-indent: 0px; line-height: 1.2;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold; line-height: inherit; list-style-position: inside; text-align: justify; text-indent: 0pt; margin: 0pt 0pt 6pt 0pt !important;"><font style="line-height: inherit;">h.  </font> <font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold; text-decoration: underline; line-height: inherit;">Settlement method </font></font></div>
<p style="font-size: 9pt; line-height: 1.2; margin: 0px; text-align: justify; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">&nbsp;&nbsp;</font></p>
<p style="font-size: 9pt; line-height: 1.2; margin: 0px; text-align: justify; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">Not applicable.</font></p>
<p style="font-size: 9pt; line-height: 1.2; margin: 0px; text-align: justify; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">&nbsp; &nbsp;</font></p>
<div style="margin: 0px; padding-left: 0pt; text-indent: 0px; line-height: 1.2;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold; line-height: inherit; list-style-position: inside; text-align: justify; text-indent: 0pt; margin: 0pt 0pt 6pt 0pt !important;"><font style="line-height: inherit;">i.  </font><font style="font-style: normal; font-variant: normal; font-kerning: auto; font-optical-sizing: auto; font-feature-settings: normal; font-variation-settings: normal; font-weight: normal; font-stretch: normal; font-size: 7pt; line-height: inherit; font-family: 'Times New Roman';">&nbsp;&nbsp; </font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold; text-decoration: underline; line-height: inherit;">Restrictions to the transfer of shares</font></font></div>
<p style="font-size: 9pt; line-height: 1.2; margin: 0px; text-align: justify; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">&nbsp;&nbsp;</font></p>
<p style="font-size: 9pt; line-height: 1.2; margin: 0px; text-align: justify; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">For the case of stock-based incentive programs granted to the Statutory Executive Board, shares granted to executives shall remain as Company&#8217;s treasury shares for a period from 3 to 10 years, during which executives may or may not enjoy usufruct rights over the shares. After this period and the transfer of full ownership to the executives, the shares may be freely traded, subject to the Stock Ownership Guidelines (SOG) directive in effect as of April 30, 2024. For information on shares already awarded to the Company&#8217;s statutory executive officers, see Item 8.10. </font></p>
<p style="font-size: 9pt; line-height: 1.2; margin: 0px; text-align: justify; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">&nbsp;&nbsp;</font></p>
<p style="font-size: 9pt; line-height: 1.2; margin: 0px; text-align: justify; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">The transfer of granted performance shares shall be contingent on the attainment of the Company&#8217;s financial goals over the course of the vesting period. If the targets previously set by the Board of Directors are not met, the performance shares shall not be transferred. Executives may only trade them after the vesting of the shares.</font></p>
<p style="font-size: 9pt; line-height: 1.2; margin: 0px; text-align: justify; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">&nbsp;&nbsp;</font></p>
<p style="font-size: 9pt; line-height: 1.2; margin: 0px; text-align: justify; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">According to the new stock-based incentive plan approved at the Annual and Extraordinary General Shareholders&#8217; Meeting on April 19, 2023, shares granted to board members shall have a vesting period of 2 years, beginning with their term of office, and an additional lockup period of 2 years after the transfer of the shares.</font></p>
<p style="font-size: 9pt; line-height: 1.2; margin: 0px; text-align: justify; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">&nbsp;&nbsp;</font></p>
<p style="font-size: 9pt; line-height: 1.2; margin: 0px; text-align: justify; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">Since 2022, the long-term incentive agreements include the malus clause, which provides for the retention of the unvested shares upon verification of fraud or material mistakes in the financial statements that benefited the executive officer unlawfully. Also, the long-term incentive agreements involving board members, for the granting of these shares, must also contain the aforementioned clause.</font></p>
<p style="font-size: 9pt; line-height: 1.2; margin: 0px; text-align: justify; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">&nbsp;&nbsp;</font></p>
<p style="font-size: 9pt; line-height: 1.2; margin: 0px; text-align: justify; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">As from the 2024 cycle, the Statutory Executive Officers will be subject to SOG directive, which stipulates that executives maintain a </font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">minimum shareholding position while performing their duties in the Company, as per the criteria</font><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;"> mentioned in item 8.1.c.i.</font></p>
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<p style="font-size: 9pt; line-height: 1.2; margin: 0px; text-align: justify; text-indent: 0px;">&nbsp;&nbsp;</p>
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<div style="width: 8.5in; margin: 0 auto;">
<div style="margin: 0px; padding-left: 0pt; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold; line-height: 120%; list-style-position: inside; margin: 0pt 0pt 6pt 7.1pt; text-align: justify; text-indent: 0pt; margin-left: 0pt !important;"><font>j.  </font><font style="font: 7.0pt 'Times New Roman';">&nbsp;&nbsp; </font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold; text-decoration: underline;">Criteria and events which, upon verification, will trigger suspension, modification or cancellation of the plan</font></font></div>
<p style="font-size: 11pt; line-height: 120%; margin: 0px; text-align: justify; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;&nbsp;</font></p>
<p style="font-size: 11pt; line-height: 120%; margin: 0px; text-align: justify; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">Under the new stock-based incentive plan to be approved at the Annual and Extraordinary General Shareholders&#8217; Meeting on April 2023, beneficiaries may be granted, as a result of the stock-based incentive plan, common shares representing a maximum of 5% of the Company&#8217;s </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">capital stock on the date of approval of the plan by the Annual Shareholders&#8217; Meeting,&nbsp; corresponding to 55,760,215 common shares. This amount may be adjusted for any stock dividends, splits or reverse splits.</font> <font style="font-family: 'Century Gothic'; font-size: 9pt;">The overall volume established in the plan approved in 2017 has been utilized, therefore no new grants linked to it will be approved.</font></p>
<p style="font-size: 11pt; line-height: 120%; margin: 0px; text-align: justify; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;&nbsp;</font></p>
<div style="margin: 0px; padding-left: 0pt; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold; line-height: 120%; list-style-position: inside; margin: 0pt 0pt 6pt 7.1pt; text-align: justify; text-indent: 0pt; margin-left: 0pt !important;"><font>k.  </font> <font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold; text-decoration: underline;">Effects of the withdrawal of a manager from the issuer&#8217;s bodies on their rights under the stock-based compensation plan</font></font></div>
<p style="font-size: 9pt; line-height: 120%; margin: 0px; text-align: justify; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;&nbsp;</font></p>
<p style="font-size: 9pt; line-height: 120%; margin: 0px; text-align: justify; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">Transfer of full ownership over the shares is contingent on the non-interruption of relationship between the beneficiary and the Company or its subsidiaries for the duration of the period set forth in each agreement.</font></p>
<p style="font-size: 9pt; line-height: 120%; margin: 0px; text-align: justify; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;&nbsp;</font></p>
<p style="font-size: 9pt; line-height: 1.2; margin: 0px; text-align: justify; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 9pt; line-height: inherit;">In the event of severance due to retirement, full ownership over restricted shares which have not yet been transferred, but which usufruct, if applicable, may have been established, shall be transferred to the executive, at a percentage proportional to the vesting period run until severance. The same proportional concept shall be applied to the performance shares granted during the period from 2017 to 2023 to Statutory Executive Officers, as long as the financial target has been attained. According to the Policy review conducted in 2020 and effective from 2021, the same rule shall apply to terminations without cause. The same applies to resignations from the position on the Board of Directors.</font></p>
<p style="font-size: 9pt; line-height: 120%; margin: 0px; text-align: justify; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;&nbsp;</font></p>
<p style="font-size: 9pt; line-height: 120%; margin: 0px; text-align: justify; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">In the event of severance of the executive or dismissal of the board member due to reasons of an ethical nature, he/she will not be entitled to any shares.</font></p>
<p style="font-size: 9pt; line-height: 120%; margin: 0px; text-align: justify; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;&nbsp;</font></p>
<p style="font-size: 9pt; line-height: 120%; margin: 0px; text-align: justify; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">In the event of permanent disability or death of the beneficiary, all restricted and performance shares granted shall be transferred to the executive or his/her respective estate.</font></p>
<p style="font-size: 9pt; line-height: 120%; margin: 0px; text-align: justify; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;&nbsp;</font></p>
<p style="font-size: 9pt; margin: 0px; text-align: justify; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">For awards approved in 2021 onwards, in the event of corporate dissolution or reorganization resulting in a change in controlling equity stakes of the Company or the subsidiary to which the executive is related, vesting will be anticipated and ownership over all restricted and performance shares shall be transferred based on the achievement of the target of the referred executive.</font></p>
<p style="font-size: 9pt; line-height: 120%; margin: 0px; text-align: justify; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;&nbsp;</font></p>
<p style="font-size: 9pt; line-height: 108%; margin: 0px; text-align: justify; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">8.5. - Stock-based compensation in the form of stock options recognized in the last 3 fiscal years and estimated for the current fiscal year for the board of directors and statutory executive officers:</font></p>
<p style="font-size: 9pt; line-height: 108%; margin: 0px; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;&nbsp;</font></p>
<p style="font-size: 9pt; line-height: 108%; margin: 0px; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">Not applicable, Ultrapar has no outstanding stock options.</font></p>
<p style="font-size: 9pt; line-height: 108%; margin: 0px; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">&nbsp; &nbsp;</font></p>
<p style="font-size: 11pt; line-height: 108%; margin: 0px; text-align: justify; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">8.6. </font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">- Grant of stock options in the last 3 fiscal years and estimated for the current fiscal year for the board of directors and statutory executive officers</font><font style="font-family: Calibri; font-size: 11pt;">:</font></p>
<p style="font-size: 9pt; line-height: 108%; margin: 0px; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;&nbsp;</font></p>
<p style="font-size: 9pt; line-height: 108%; margin: 0px; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">Not applicable, Ultrapar has no outstanding stock options.</font></p>
<p style="font-size: 9pt; line-height: 108%; margin: 0px; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">&nbsp; &nbsp;</font></p>
<p style="font-size: 9pt; line-height: 108%; margin: 0px; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">8.7. - Outstanding stock options for the board of directors and statutory executive officers at the end of the last fiscal year:</font></p>
<p style="font-size: 9pt; line-height: 108%; margin: 0px; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;&nbsp;</font></p>
<p style="font-size: 9pt; line-height: 108%; margin: 0px; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">Not applicable, Ultrapar has no outstanding stock options.</font></p>
<p style="font-size: 9pt; line-height: 108%; margin: 0px; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">&nbsp;</font></p>
<p style="font-size: 9pt; line-height: 108%; margin: 0px; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">8.8. - Options exercised in connection with the stock-based compensation of the board of directors and statutory executive officers in the last 3 fiscal years:</font></p>
<p style="font-size: 9pt; line-height: 108%; margin: 0px; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;&nbsp;</font></p>
<p style="font-size: 9pt; line-height: 108%; margin: 0px; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">Not applicable, Ultrapar has no outstanding stock options.</font></p>
<p style="font-size: 9pt; line-height: 108%; margin: 0px; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp; &nbsp;</font></p>
<p style="font-size: 9pt; line-height: 108%; margin: 0px; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">8.9. - </font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">Stock-based compensation, in the form of shares to be directly transferred to the beneficiaries, recognized in the last 3 fiscal years and estimated for the current fiscal year for the board of directors and statutory executive officers</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">:</font></p>
<p style="font-size: 9pt; line-height: 108%; margin: 0px; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">&nbsp;&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: middle; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="line-height: 7.9pt; margin: 0.35pt 0pt 0pt 1.55pt; orphans: 0; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">Statutory Executive Officers</font></p>












</td>
<td style="vertical-align: middle; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="line-height: 7.9pt; margin: 0.35pt 6.1pt 0pt 0pt; orphans: 0; text-align: center; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">2024</font></p>












</td>
<td style="vertical-align: middle; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="line-height: 7.9pt; margin: 0.35pt 6.1pt 0pt 0pt; orphans: 0; text-align: center; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">2023</font></p>












</td>
<td style="vertical-align: middle; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="line-height: 7.9pt; margin: 0.35pt 6.1pt 0pt 0pt; orphans: 0; text-align: center; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">2022</font></p>












</td>
<td style="vertical-align: middle; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="line-height: 7.9pt; margin: 0.35pt 6.1pt 0pt 0pt; orphans: 0; text-align: center; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">2021</font></p>












</td>












</tr>
<tr style="height: 11.35pt;">
<td style="vertical-align: middle; width: 60%;">
<p style="margin: 1.2pt 0pt 0pt 1.55pt; orphans: 0; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">Total number of members</font></p>












</td>
<td style="vertical-align: middle; width: 10%;">
<p style="margin: 1.2pt 0pt 0pt; orphans: 0; text-align: center; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">5.00</font></p>












</td>
<td style="vertical-align: middle; width: 10%;">
<p style="margin: 1.2pt 0pt 0pt; orphans: 0; text-align: center; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">5.30</font></p>












</td>
<td style="vertical-align: middle; width: 10%;">
<p style="margin: 1.2pt 0pt 0pt; orphans: 0; text-align: center; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">6.25</font></p>












</td>
<td style="vertical-align: middle; width: 10%;">
<p style="margin: 1.2pt 0pt 0pt; orphans: 0; text-align: center; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">6.22</font></p>












</td>












</tr>
<tr style="height: 11.35pt;">
<td style="vertical-align: middle;">
<p style="margin: 1.85pt 0pt 0pt 1.55pt; orphans: 0; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">Number of compensated members</font></p>












</td>
<td style="vertical-align: middle;">
<p style="margin: 1.2pt 0pt 0pt; orphans: 0; text-align: center; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">5.00</font></p>












</td>
<td style="vertical-align: middle;">
<p style="margin: 1.2pt 0pt 0pt; orphans: 0; text-align: center; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">5.30</font></p>












</td>
<td style="vertical-align: middle;">
<p style="margin: 1.85pt 0pt 0pt; orphans: 0; text-align: center; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">6.00</font></p>












</td>
<td style="vertical-align: middle;">
<p style="margin: 1.85pt 0pt 0pt; orphans: 0; text-align: center; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">6.00</font></p>












</td>












</tr>
<tr style="height: 11.35pt;">
<td style="vertical-align: middle;">
<p style="margin: 0pt 0pt 0pt 1.55pt; orphans: 0; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">Potential dilution if all shares are granted to beneficiaries</font></p>












</td>
<td style="vertical-align: middle;">
<p style="margin: 1.2pt 0pt 0pt; orphans: 0; text-align: center; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">N/A</font></p>












</td>
<td style="vertical-align: middle;">
<p style="margin: 1.2pt 0pt 0pt; orphans: 0; text-align: center; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">0.404%</font></p>












</td>
<td style="vertical-align: middle;">
<p style="margin: 1.2pt 0pt 0pt; orphans: 0; text-align: center; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">0.363%</font></p>












</td>
<td style="vertical-align: middle;">
<p style="margin: 1.2pt 0pt 0pt; orphans: 0; text-align: center; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">0.0</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">94</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">%</font></p>












</td>












</tr>

























</table>
<p style="font-size: 9pt; line-height: 108%; margin: 0pt 0pt 8pt;"><br></p>
<table cellspacing="0" cellpadding="0" style="border-collapse: collapse; margin-left: 0pt; font-family: 'times new roman'; font-size: 10pt; height: 69px; width: 100%;" width="100%">

<tr style="height: 14px;">
<td style="vertical-align: middle; height: 14px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="line-height: 7.9pt; margin: 0.35pt 0pt 0pt 1.55pt; orphans: 0; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">Board of Directors</font></p>












</td>
<td style="vertical-align: middle; height: 14px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="line-height: 7.9pt; margin: 0.35pt 6.1pt 0pt 0pt; orphans: 0; text-align: center; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">2024</font></p>












</td>
<td style="vertical-align: middle; height: 14px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="line-height: 7.9pt; margin: 0.35pt 6.1pt 0pt 0pt; orphans: 0; text-align: center; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">2023</font></p>












</td>
<td style="vertical-align: middle; height: 14px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="line-height: 7.9pt; margin: 0.35pt 6.1pt 0pt 0pt; orphans: 0; text-align: center; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">2022</font></p>












</td>
<td style="vertical-align: middle; height: 14px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="line-height: 7.9pt; margin: 0.35pt 6.1pt 0pt 0pt; orphans: 0; text-align: center; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">2021</font></p>












</td>












</tr>
<tr style="height: 18px;">
<td style="vertical-align: middle; height: 18px; width: 60%;">
<p style="margin: 1.2pt 0pt 0pt 1.55pt; orphans: 0; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">Total number of members</font></p>












</td>
<td style="vertical-align: middle; height: 18px; width: 10%;">
<p style="margin: 1.2pt 0pt 0pt; orphans: 0; text-align: center; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">9.00</font></p>












</td>
<td style="vertical-align: middle; height: 18px; width: 10%;">
<p style="margin: 1.2pt 0pt 0pt; orphans: 0; text-align: center; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">9.30</font></p>












</td>
<td style="vertical-align: middle; height: 18px; width: 10%;">
<p style="margin: 1.2pt 0pt 0pt; orphans: 0; text-align: center; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">N/A</font></p>












</td>
<td style="vertical-align: middle; height: 18px; width: 10%;">
<p style="margin: 1.2pt 0pt 0pt; orphans: 0; text-align: center; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">N/A</font></p>












</td>












</tr>
<tr style="height: 19px;">
<td style="vertical-align: middle; height: 19px;">
<p style="margin: 1.85pt 0pt 0pt 1.55pt; orphans: 0; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">Number of compensated members</font></p>












</td>
<td style="vertical-align: middle; height: 19px;">
<p style="margin: 1.2pt 0pt 0pt; orphans: 0; text-align: center; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">8.00</font></p>












</td>
<td style="vertical-align: middle; height: 19px;">
<p style="margin: 1.2pt 0pt 0pt; orphans: 0; text-align: center; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">8.60</font></p>












</td>
<td style="vertical-align: middle; height: 19px;">
<p style="margin: 1.85pt 0pt 0pt; orphans: 0; text-align: center; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">N/A</font></p>












</td>
<td style="vertical-align: middle; height: 19px;">
<p style="margin: 1.85pt 0pt 0pt; orphans: 0; text-align: center; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">N/A</font></p>












</td>












</tr>
<tr style="height: 18px;">
<td style="vertical-align: middle; height: 18px;">
<p style="margin: 0pt 0pt 0pt 1.55pt; orphans: 0; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">Potential dilution if all shares are granted to beneficiaries</font></p>












</td>
<td style="vertical-align: middle; height: 18px;">
<p style="margin: 1.2pt 0pt 0pt; orphans: 0; text-align: center; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">N/A</font></p>












</td>
<td style="vertical-align: middle; height: 18px;">
<p style="margin: 1.2pt 0pt 0pt; orphans: 0; text-align: center; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">N/A</font></p>












</td>
<td style="vertical-align: middle; height: 18px;">
<p style="margin: 1.2pt 0pt 0pt; orphans: 0; text-align: center; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">N/A</font></p>












</td>
<td style="vertical-align: middle; height: 18px;">
<p style="margin: 1.2pt 0pt 0pt; orphans: 0; text-align: center; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">N/A</font></p>












</td>












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<p style="font-size: 9pt; line-height: 108%; margin: 0px; text-align: justify; text-indent: 0px;"><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'>96</font></font></td>








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&nbsp; &nbsp;&nbsp;
<div style="width: 8.5in; margin: 0 auto;">&nbsp;
<p style="font-size: 9pt; line-height: 108%; margin: 0px; text-align: justify; text-indent: 0px;"><br></p>
<p style="font-size: 9pt; line-height: 108%; margin: 0pt 0pt 8pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">8.10.<font style="color: #000000; font-family: 'Century Gothic'; font-size: 12px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: bold; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;"><font>&nbsp;</font>-<font>&nbsp;</font></font>Grant of shares in the last 3 fiscal years and estimated for the current&nbsp; fiscal year for the board of directors and statutory executive officers:</font></p>
<p style="font-size: 9pt; line-height: 120%; margin: 0pt 0pt 10pt 7.1pt; text-align: justify; text-indent: 0pt;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">At the Annual and Extraordinary General Shareholders&#8217; Meeting held on April 19, 2023, a new stock-based incentive plan was approved by the Ultrapar&#8217;s shareholders, which establishes the general terms and conditions for granting common shares issued by the Company and held in treasury which may or may not involve the grant of usufruct over any portion thereof for subsequent transfer of ownership for minimum periods of 2 years, to board members, officers or staff of the Company or of its subsidiaries. </font></p>
<p style="font-size: 9pt; line-height: 120%; margin: 10pt 0pt; text-align: justify; text-indent: 0pt;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">The plan approved at the General Shareholders&#8217; Meeting of 2017 did not include grants to members of the Board of Directors and could or could not involve granting usufruct over any portion thereof for subsequent transfer of ownership, with periods of 3 to 10 years to officers or employees of the Company or its subsidiaries. </font></p>
<p style="font-size: 9pt; line-height: 120%; margin: 10pt 0pt; text-align: justify; text-indent: 0pt;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">As of 2023, with the approval of the new stock-based incentive plan, the members of the Company&#8217;s Board of Directors became eligible for the stock-based incentive plan. </font></p>
<p style="font-size: 9pt; line-height: 120%; margin: 10pt 0pt; text-align: justify; text-indent: 0pt;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">Furthermore, Ultrapar has no active stock option plan. </font></p>
<p style="font-size: 9pt; line-height: 120%; margin: 10pt 0pt; text-align: justify; text-indent: 0pt;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">The tables below summarize information on shares awarded and transferred to Statutory Executive Officers in the last three fiscal years, as well as estimated transfers during the current fiscal year:</font></p>
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<p style="margin: 0pt;"><font style="font-family: 'Century Gothic'; font-size: 8pt;">&nbsp;</font></p>












</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: bottom; width: 64.65pt; height: 19px;">
<p style="margin: 0pt;"><font style="font-family: 'Century Gothic'; font-size: 8pt;">&nbsp;</font></p>












</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: bottom; width: 64.2pt; height: 19px;">
<p style="margin: 0pt;"><font style="font-family: 'Century Gothic'; font-size: 8pt;">&nbsp;</font></p>












</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: bottom; width: 63.8pt; height: 19px;">
<p style="margin: 0pt;"><font style="font-family: 'Century Gothic'; font-size: 8pt;">&nbsp;</font></p>












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</tr>
<tr style="height: 22px;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 274.9pt; border-image: initial; height: 22px; border-width: 1px; border-color: #000000 !important; border-style: solid;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Century Gothic'; font-size: 8pt; font-weight: bold;">2021</font></p>












</td>
<td colspan="2" style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 128.85pt; height: 22px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #000000 !important;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Century Gothic'; font-size: 8pt; font-weight: bold;">Shares granted</font></p>












</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: bottom; width: 63.8pt; height: 22px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Century Gothic'; font-size: 8pt; font-weight: bold;">&nbsp;</font></p>












</td>












</tr>
<tr style="height: 22px;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 274.9pt; height: 22px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #000000 !important; border-left-width: 1px; border-left-style: solid; border-left-color: #000000 !important;">
<p style="margin: 0pt;"><font style="font-family: 'Century Gothic'; font-size: 8pt;">Management Body</font></p>












</td>
<td colspan="2" style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 128.85pt; height: 22px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #000000 !important;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Century Gothic'; font-size: 8pt;">Statutory Executive Officers</font></p>












</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: bottom; width: 63.8pt; height: 22px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Century Gothic'; font-size: 8pt;">&nbsp;</font></p>












</td>












</tr>
<tr style="height: 22px;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 274.9pt; height: 22px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #000000 !important; border-left-width: 1px; border-left-style: solid; border-left-color: #000000 !important;">
<p style="margin: 0pt;"><font style="font-family: 'Century Gothic'; font-size: 8pt;">Total number of members</font></p>












</td>
<td colspan="2" style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 128.85pt; height: 22px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #000000 !important;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Century Gothic'; font-size: 8pt;">6.22</font></p>












</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: bottom; width: 63.8pt; height: 22px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Century Gothic'; font-size: 8pt;">&nbsp;</font></p>












</td>












</tr>
<tr style="height: 22px;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 274.9pt; height: 22px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #000000 !important; border-left-width: 1px; border-left-style: solid; border-left-color: #000000 !important;">
<p style="margin: 0pt;"><font style="font-family: 'Century Gothic'; font-size: 8pt;">Number of compensated members</font></p>












</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 64.65pt; height: 22px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #000000 !important;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Century Gothic'; font-size: 8pt;">6</font></p>












</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 64.2pt; height: 22px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #000000 !important;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Century Gothic'; font-size: 8pt;">2</font></p>












</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: bottom; width: 63.8pt; height: 22px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Century Gothic'; font-size: 8pt;">&nbsp;</font></p>












</td>












</tr>
<tr style="height: 22px;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 274.9pt; height: 22px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #000000 !important; border-left-width: 1px; border-left-style: solid; border-left-color: #000000 !important;">
<p style="margin: 0pt;"><font style="font-family: 'Century Gothic'; font-size: 8pt;">Grant date</font></p>












</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 64.65pt; height: 22px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #000000 !important;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Century Gothic'; font-size: 8pt;">04/07/2021</font></p>












</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 64.2pt; height: 22px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #000000 !important;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Century Gothic'; font-size: 8pt;">09/22/2021</font></p>












</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: bottom; width: 63.8pt; height: 22px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Century Gothic'; font-size: 8pt;">&nbsp;</font></p>












</td>












</tr>
<tr style="height: 16px;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 274.9pt; height: 16px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #000000 !important; border-left-width: 1px; border-left-style: solid; border-left-color: #000000 !important;">
<p style="margin: 0pt;"><font style="font-family: 'Century Gothic'; font-size: 8pt;">Number of shares granted</font></p>












</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 64.65pt; height: 16px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #000000 !important;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Century Gothic'; font-size: 8pt;">248,492 </font><font style="font-family: 'Century Gothic'; font-size: 5.33pt; vertical-align: super;">1 2</font></p>












</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 64.2pt; height: 16px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #000000 !important;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Century Gothic'; font-size: 8pt;">400,000</font></p>












</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: bottom; width: 63.8pt; height: 16px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Century Gothic'; font-size: 8pt;">&nbsp;</font></p>












</td>












</tr>
<tr style="height: 12px;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 274.9pt; height: 12px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #000000 !important; border-left-width: 1px; border-left-style: solid; border-left-color: #000000 !important;">
<p style="margin: 0pt;"><font style="font-family: 'Century Gothic'; font-size: 8pt;">Maximum term for granting the shares</font></p>












</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 64.65pt; height: 12px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #000000 !important;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Century Gothic'; font-size: 8pt;">Apr/24</font></p>












</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 64.2pt; height: 12px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #000000 !important;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Century Gothic'; font-size: 8pt;">Sep/27</font></p>












</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: bottom; width: 63.8pt; height: 12px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Century Gothic'; font-size: 8pt;">&nbsp;</font></p>












</td>












</tr>
<tr style="height: 10px;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 274.9pt; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #000000 !important; border-left-width: 1px; border-left-style: solid; border-left-color: #000000 !important;">
<p style="margin: 0pt;"><font style="font-family: 'Century Gothic'; font-size: 8pt;">Term for restriction on the transfer of shares</font></p>












</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 64.65pt; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #000000 !important;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Century Gothic'; font-size: 8pt;">-</font></p>












</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 64.2pt; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #000000 !important;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Century Gothic'; font-size: 8pt;">-</font></p>












</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: bottom; width: 63.8pt; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Century Gothic'; font-size: 8pt;">&nbsp;</font></p>












</td>












</tr>
<tr style="height: 10px;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 274.9pt; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #000000 !important; border-left-width: 1px; border-left-style: solid; border-left-color: #000000 !important;">
<p style="margin: 0pt;"><font style="font-family: 'Century Gothic'; font-size: 8pt;">Fair value of shares on the grant date</font></p>












</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 64.65pt; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #000000 !important;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Century Gothic'; font-size: 8pt;">21.00</font></p>












</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 64.2pt; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #000000 !important;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Century Gothic'; font-size: 8pt;">14.17</font></p>












</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: bottom; width: 63.8pt; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Century Gothic'; font-size: 8pt;">&nbsp;</font></p>












</td>












</tr>
<tr style="height: 22px;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 274.9pt; height: 22px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #000000 !important; border-left-width: 1px; border-left-style: solid; border-left-color: #000000 !important;">
<p style="margin: 0pt;"><font style="font-family: 'Century Gothic'; font-size: 8pt;">Multiplication of the number of shares granted by the fair value of the shares on the grant date (in thousands of Brazilian </font><font style="font-family: 'Century Gothic'; font-size: 8pt; font-style: italic;">Reais</font><font style="font-family: 'Century Gothic'; font-size: 8pt;">)</font></p>












</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 64.65pt; height: 22px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #000000 !important;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Century Gothic'; font-size: 8pt;">5,218.3</font></p>












</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 64.2pt; height: 22px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #000000 !important;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Century Gothic'; font-size: 8pt;">5,668.0</font></p>












</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: bottom; width: 63.8pt; height: 22px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Century Gothic'; font-size: 8pt;">&nbsp;</font></p>












</td>












</tr>
<tr style="height: 34px;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: bottom; width: 274.9pt; height: 34px;">
<p style="margin: 0pt;"><font style="font-family: 'Century Gothic'; font-size: 8pt;">&nbsp;</font></p>
<p style="margin: 0pt;"><font style="font-family: 'Century Gothic'; font-size: 8pt;">&nbsp;</font></p>












</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: bottom; width: 64.65pt; height: 34px;">
<p style="margin: 0pt;"><font style="font-family: 'Century Gothic'; font-size: 8pt;">&nbsp;</font></p>












</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: bottom; width: 64.2pt; height: 34px;">
<p style="margin: 0pt;"><font style="font-family: 'Century Gothic'; font-size: 8pt;">&nbsp;</font></p>












</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: bottom; width: 63.8pt; height: 34px;">
<p style="margin: 0pt;"><font style="font-family: 'Century Gothic'; font-size: 8pt;">&nbsp;</font></p>












</td>












</tr>
<tr style="height: 12px;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 274.9pt; border-image: initial; height: 12px; border-width: 1px; border-color: #000000 !important; border-style: solid;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Century Gothic'; font-size: 8pt; font-weight: bold;">2022</font></p>












</td>
<td colspan="3" style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 192.65pt; height: 12px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #000000 !important;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Century Gothic'; font-size: 8pt; font-weight: bold;">Shares granted</font></p>












</td>












</tr>
<tr style="height: 10px;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 274.9pt; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #000000 !important; border-left-width: 1px; border-left-style: solid; border-left-color: #000000 !important;">
<p style="margin: 0pt;"><font style="font-family: 'Century Gothic'; font-size: 8pt;">Management Body</font></p>












</td>
<td colspan="3" style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 192.65pt; height: 10px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #000000 !important;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Century Gothic'; font-size: 8pt;">Statutory Executive Officers</font></p>












</td>












</tr>
<tr style="height: 10px;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 274.9pt; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #000000 !important; border-left-width: 1px; border-left-style: solid; border-left-color: #000000 !important;">
<p style="margin: 0pt;"><font style="font-family: 'Century Gothic'; font-size: 8pt;">Total number of members</font></p>












</td>
<td colspan="3" style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 192.65pt; height: 10px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #000000 !important;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Century Gothic'; font-size: 8pt;">6.25</font></p>












</td>












</tr>
<tr style="height: 11px;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 274.9pt; height: 11px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #000000 !important; border-left-width: 1px; border-left-style: solid; border-left-color: #000000 !important;">
<p style="margin: 0pt;"><font style="font-family: 'Century Gothic'; font-size: 8pt;">Number of compensated members</font></p>












</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 64.65pt; height: 11px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #000000 !important;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Century Gothic'; font-size: 8pt;">5</font></p>












</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 64.2pt; height: 11px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #000000 !important;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Century Gothic'; font-size: 8pt;">4</font></p>












</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 63.8pt; height: 11px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #000000 !important;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Century Gothic'; font-size: 8pt;">1</font></p>












</td>












</tr>
<tr style="height: 10px;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 274.9pt; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #000000 !important; border-left-width: 1px; border-left-style: solid; border-left-color: #000000 !important;">
<p style="margin: 0pt;"><font style="font-family: 'Century Gothic'; font-size: 8pt;">Grant date</font></p>












</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 64.65pt; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #000000 !important;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Century Gothic'; font-size: 8pt;">04/06/2022</font></p>












</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 64.2pt; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #000000 !important;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Century Gothic'; font-size: 8pt;">09/21/2022</font></p>












</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 63.8pt; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #000000 !important;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Century Gothic'; font-size: 8pt;">12/07/2022</font></p>












</td>












</tr>
<tr style="height: 14px;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 274.9pt; height: 14px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #000000 !important; border-left-width: 1px; border-left-style: solid; border-left-color: #000000 !important;">
<p style="margin: 0pt;"><font style="font-family: 'Century Gothic'; font-size: 8pt;">Number of shares granted</font></p>












</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 64.65pt; height: 14px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #000000 !important;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Century Gothic'; font-size: 8pt;">259,886 </font><font style="font-family: 'Century Gothic'; font-size: 5.33pt; vertical-align: super;">1 2</font></p>












</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 64.2pt; height: 14px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #000000 !important;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Century Gothic'; font-size: 8pt;">1,800,000</font></p>












</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 63.8pt; height: 14px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #000000 !important;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Century Gothic'; font-size: 8pt;">1,500,000</font></p>












</td>












</tr>
<tr style="height: 10px;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 274.9pt; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #000000 !important; border-left-width: 1px; border-left-style: solid; border-left-color: #000000 !important;">
<p style="margin: 0pt;"><font style="font-family: 'Century Gothic'; font-size: 8pt;">Maximum term for granting the shares</font></p>












</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 64.65pt; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #000000 !important;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Century Gothic'; font-size: 8pt;">Apr/25</font></p>












</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 64.2pt; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #000000 !important;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Century Gothic'; font-size: 8pt;">Sep/32</font></p>












</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 63.8pt; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #000000 !important;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Century Gothic'; font-size: 8pt;">Dec/32</font></p>












</td>












</tr>
<tr style="height: 22px;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 274.9pt; height: 22px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #000000 !important; border-left-width: 1px; border-left-style: solid; border-left-color: #000000 !important;">
<p style="margin: 0pt;"><font style="font-family: 'Century Gothic'; font-size: 8pt;">Term for restriction on the transfer of shares</font></p>












</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 64.65pt; height: 22px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #000000 !important;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Century Gothic'; font-size: 8pt;">-</font></p>












</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 64.2pt; height: 22px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #000000 !important;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Century Gothic'; font-size: 8pt;">Sep/32</font></p>












</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 63.8pt; height: 22px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #000000 !important;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Century Gothic'; font-size: 8pt;">Dec/32</font></p>












</td>












</tr>
<tr style="height: 22px;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 274.9pt; height: 22px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #000000 !important; border-left-width: 1px; border-left-style: solid; border-left-color: #000000 !important;">
<p style="margin: 0pt;"><font style="font-family: 'Century Gothic'; font-size: 8pt;">Fair value of shares on the grant date</font></p>












</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 64.65pt; height: 22px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #000000 !important;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Century Gothic'; font-size: 8pt;">14.16</font></p>












</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 64.2pt; height: 22px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #000000 !important;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Century Gothic'; font-size: 8pt;">12.98</font></p>












</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 63.8pt; height: 22px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #000000 !important;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Century Gothic'; font-size: 8pt;">13.47</font></p>












</td>












</tr>
<tr style="height: 24px;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 274.9pt; height: 24px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #000000 !important; border-left-width: 1px; border-left-style: solid; border-left-color: #000000 !important;">
<p style="margin: 0pt;"><font style="font-family: 'Century Gothic'; font-size: 8pt;">Multiplication of the number of shares granted by the fair value of the shares on the grant date (in thousands of Brazilian </font><font style="font-family: 'Century Gothic'; font-size: 8pt; font-style: italic;">Reais</font><font style="font-family: 'Century Gothic'; font-size: 8pt;">)</font></p>












</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 64.65pt; height: 24px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #000000 !important;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Century Gothic'; font-size: 8pt;">3,680.0</font></p>












</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 64.2pt; height: 24px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #000000 !important;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Century Gothic'; font-size: 8pt;">23,364.0</font></p>












</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 63.8pt; height: 24px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #000000 !important;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Century Gothic'; font-size: 8pt;">20,205.0</font></p>












</td>












</tr>

























</table>
<p style="font-size: 8pt; line-height: 108%; margin: 0px; text-align: justify; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 8pt;">&nbsp;</font></p>
<p style="font-size: 8pt; line-height: 108%; margin: 0px; text-align: justify; text-indent: 0px;"><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'>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;"><a href="#TOC"></a><br></div>







</div>
<div style="width: 8.5in; margin: 0 auto;">
<p style="margin:0pt"><br></p>
<table cellspacing="0" cellpadding="0" style="border-collapse: collapse; margin-left: 0pt; font-family: 'times new roman'; font-size: 10pt; height: 174px; width: 100%;" width="100%">

<tr style="height: 19px;">
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 276.2pt; border-image: initial; height: 19px; border-width: 1px; border-color: #000000 !important; border-style: solid;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Century Gothic'; font-size: 8pt; font-weight: bold;">2023</font></p>












</td>
<td colspan="3" style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 191.35pt; border-image: initial; height: 19px; border-width: 1px; border-color: #000000 !important; border-style: solid;">
<p style="font-size: 8pt; line-height: 108%; margin: 0pt; text-align: center;"><font style="font-family: 'Century Gothic'; font-size: 8pt; font-weight: bold;">Shares granted</font></p>












</td>












</tr>
<tr style="height: 17px;">
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 276.2pt; border-image: initial; height: 17px; border-width: 1px; border-color: #000000 !important; border-style: solid;">
<p style="margin: 0pt;"><font style="font-family: 'Century Gothic'; font-size: 8pt;">Management Body</font></p>












</td>
<td colspan="2" style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 120.45pt; border-image: initial; height: 17px; border-width: 1px; border-color: #000000 !important; border-style: solid;">
<p style="font-size: 8pt; line-height: 108%; margin: 0pt; text-align: center;"><font style="font-family: 'Century Gothic'; font-size: 8pt;">Statutory Executive Officers</font></p>












</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 70.9pt; border-image: initial; height: 17px; border-width: 1px; border-color: #000000 !important; border-style: solid;">
<p style="font-size: 8pt; line-height: 108%; margin: 0pt; text-align: center;"><font style="font-family: 'Century Gothic'; font-size: 8pt;">Board of Directors</font></p>












</td>












</tr>
<tr style="height: 17px;">
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 276.2pt; border-image: initial; height: 17px; border-width: 1px; border-color: #000000 !important; border-style: solid;">
<p style="margin: 0pt;"><font style="font-family: 'Century Gothic'; font-size: 8pt;">Total number of members</font></p>












</td>
<td colspan="2" style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 120.45pt; border-image: initial; height: 17px; border-width: 1px; border-color: #000000 !important; border-style: solid;">
<p style="font-size: 8pt; line-height: 108%; margin: 0pt; text-align: center;"><font style="font-family: 'Century Gothic'; font-size: 8pt;">5.30</font></p>












</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 70.9pt; border-image: initial; height: 17px; border-width: 1px; border-color: #000000 !important; border-style: solid;">
<p style="font-size: 8pt; line-height: 108%; margin: 0pt; text-align: center;"><font style="font-family: 'Century Gothic'; font-size: 8pt;">9.30</font></p>












</td>












</tr>
<tr style="height: 23px;">
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 276.2pt; border-image: initial; height: 23px; border-width: 1px; border-color: #000000 !important; border-style: solid;">
<p style="margin: 0pt;"><font style="font-family: 'Century Gothic'; font-size: 8pt;">Number of compensated members</font></p>












</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 63.75pt; border-image: initial; height: 23px; border-width: 1px; border-color: #000000 !important; border-style: solid;">
<p style="font-size: 8pt; line-height: 108%; margin: 0pt; text-align: center;"><font style="font-family: 'Century Gothic'; font-size: 8pt;">5</font></p>












</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 56.7pt; border-image: initial; height: 23px; border-width: 1px; border-color: #000000 !important; border-style: solid;">
<p style="font-size: 8pt; line-height: 108%; margin: 0pt; text-align: center;"><font style="font-family: 'Century Gothic'; font-size: 8pt;">5</font></p>












</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 70.9pt; border-image: initial; height: 23px; border-width: 1px; border-color: #000000 !important; border-style: solid;">
<p style="font-size: 8pt; line-height: 108%; margin: 0pt; text-align: center;"><font style="font-family: 'Century Gothic'; font-size: 8pt;">8</font></p>












</td>












</tr>
<tr style="height: 28px;">
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 276.2pt; border-image: initial; height: 28px; border-width: 1px; border-color: #000000 !important; border-style: solid;">
<p style="margin: 0pt;"><font style="font-family: 'Century Gothic'; font-size: 8pt;">Grant date</font></p>












</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 63.75pt; border-image: initial; height: 28px; border-width: 1px; border-color: #000000 !important; border-style: solid;">
<p style="font-size: 8pt; line-height: 108%; margin: 0pt; text-align: center;"><font style="font-family: 'Century Gothic'; font-size: 8pt;">Apr/23</font></p>












</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 56.7pt; border-image: initial; height: 28px; border-width: 1px; border-color: #000000 !important; border-style: solid;">
<p style="font-size: 8pt; line-height: 108%; margin: 0pt; text-align: center;"><font style="font-family: 'Century Gothic'; font-size: 8pt;">Sep/23</font></p>












</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 70.9pt; border-image: initial; height: 28px; border-width: 1px; border-color: #000000 !important; border-style: solid;">
<p style="font-size: 8pt; line-height: 108%; margin: 0pt; text-align: center;"><font style="font-family: 'Century Gothic'; font-size: 8pt;">Apr/23</font></p>












</td>












</tr>
<tr style="height: 22px;">
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 276.2pt; border-image: initial; height: 22px; border-width: 1px; border-color: #000000 !important; border-style: solid;">
<p style="margin: 0pt;"><font style="font-family: 'Century Gothic'; font-size: 8pt;">Number of shares granted</font></p>












</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 63.75pt; border-image: initial; height: 22px; border-width: 1px; border-color: #000000 !important; border-style: solid;">
<p style="font-size: 8pt; line-height: 108%; margin: 0pt; text-align: center;"><font style="font-family: 'Century Gothic'; font-size: 8pt;">517,181 &#185; &#178;</font></p>












</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 56.7pt; border-image: initial; height: 22px; border-width: 1px; border-color: #000000 !important; border-style: solid;">
<p style="font-size: 8pt; line-height: 108%; margin: 0pt; text-align: center;"><font style="font-family: 'Century Gothic'; font-size: 8pt;">2,800,000</font></p>












</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 70.9pt; border-image: initial; height: 22px; border-width: 1px; border-color: #000000 !important; border-style: solid;">
<p style="font-size: 8pt; line-height: 108%; margin: 0pt; text-align: center;"><font style="font-family: 'Century Gothic'; font-size: 8pt;">311,324</font></p>












</td>












</tr>
<tr style="height: 10px;">
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 276.2pt; border-image: initial; height: 10px; border-width: 1px; border-color: #000000 !important; border-style: solid;">
<p style="margin: 0pt;"><font style="font-family: 'Century Gothic'; font-size: 8pt;">Maximum term for granting the shares</font></p>












</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 63.75pt; border-image: initial; height: 10px; border-width: 1px; border-color: #000000 !important; border-style: solid;">
<p style="font-size: 8pt; line-height: 108%; margin: 0pt; text-align: center;"><font style="font-family: 'Century Gothic'; font-size: 8pt;">Apr/26</font></p>












</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 56.7pt; border-image: initial; height: 10px; border-width: 1px; border-color: #000000 !important; border-style: solid;">
<p style="font-size: 8pt; line-height: 108%; margin: 0pt; text-align: center;"><font style="font-family: 'Century Gothic'; font-size: 8pt;">Sep/33</font></p>












</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 70.9pt; border-image: initial; height: 10px; border-width: 1px; border-color: #000000 !important; border-style: solid;">
<p style="font-size: 8pt; line-height: 108%; margin: 0pt; text-align: center;"><font style="font-family: 'Century Gothic'; font-size: 8pt;">Apr/25</font></p>












</td>












</tr>
<tr style="height: 11px;">
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 276.2pt; border-image: initial; height: 11px; border-width: 1px; border-color: #000000 !important; border-style: solid;">
<p style="margin: 0pt;"><font style="font-family: 'Century Gothic'; font-size: 8pt;">Term for restriction on the transfer of shares</font></p>












</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 63.75pt; border-image: initial; height: 11px; border-width: 1px; border-color: #000000 !important; border-style: solid;">
<p style="font-size: 8pt; line-height: 108%; margin: 0pt; text-align: center;"><font style="font-family: 'Century Gothic'; font-size: 8pt;">-</font></p>












</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 56.7pt; border-image: initial; height: 11px; border-width: 1px; border-color: #000000 !important; border-style: solid;">
<p style="font-size: 8pt; line-height: 108%; margin: 0pt; text-align: center;"><font style="font-family: 'Century Gothic'; font-size: 8pt;">-</font></p>












</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 70.9pt; border-image: initial; height: 11px; border-width: 1px; border-color: #000000 !important; border-style: solid;">
<p style="font-size: 8pt; line-height: 108%; margin: 0pt; text-align: center;"><font style="font-family: 'Century Gothic'; font-size: 8pt;">Apr/27</font></p>












</td>












</tr>
<tr style="height: 10px;">
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 276.2pt; border-image: initial; height: 10px; border-width: 1px; border-color: #000000 !important; border-style: solid;">
<p style="margin: 0pt;"><font style="font-family: 'Century Gothic'; font-size: 8pt;">Fair value of shares on the grant date</font></p>












</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 63.75pt; border-image: initial; height: 10px; border-width: 1px; border-color: #000000 !important; border-style: solid;">
<p style="font-size: 8pt; line-height: 108%; margin: 0pt; text-align: center;"><font style="font-family: 'Century Gothic'; font-size: 8pt;">14</font><font style="font-family: 'Century Gothic'; font-size: 8pt;">.</font><font style="font-family: 'Century Gothic'; font-size: 8pt;">50</font></p>












</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 56.7pt; border-image: initial; height: 10px; border-width: 1px; border-color: #000000 !important; border-style: solid;">
<p style="font-size: 8pt; line-height: 108%; margin: 0pt; text-align: center;"><font style="font-family: 'Century Gothic'; font-size: 8pt;">18</font><font style="font-family: 'Century Gothic'; font-size: 8pt;">.</font><font style="font-family: 'Century Gothic'; font-size: 8pt;">75</font></p>












</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 70.9pt; border-image: initial; height: 10px; border-width: 1px; border-color: #000000 !important; border-style: solid;">
<p style="font-size: 8pt; line-height: 108%; margin: 0pt; text-align: center;"><font style="font-family: 'Century Gothic'; font-size: 8pt;">14</font><font style="font-family: 'Century Gothic'; font-size: 8pt;">.</font><font style="font-family: 'Century Gothic'; font-size: 8pt;">50</font></p>












</td>












</tr>
<tr style="height: 17px;">
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 276.2pt; border-image: initial; height: 17px; border-width: 1px; border-color: #000000 !important; border-style: solid;">
<p style="margin: 0pt;"><font style="font-family: 'Century Gothic'; font-size: 8pt;">Multiplication of the number of shares granted by the fair value of the shares on the grant date (in thousands of Brazilian </font><font style="font-family: 'Century Gothic'; font-size: 8pt; font-style: italic;">Reais</font><font style="font-family: 'Century Gothic'; font-size: 8pt;">)</font></p>












</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 63.75pt; border-image: initial; height: 17px; border-width: 1px; border-color: #000000 !important; border-style: solid;">
<p style="font-size: 8pt; line-height: 108%; margin: 0pt; text-align: center;"><font style="font-family: 'Century Gothic'; font-size: 8pt;">7</font><font style="font-family: 'Century Gothic'; font-size: 8pt;">,</font><font style="font-family: 'Century Gothic'; font-size: 8pt;">499</font><font style="font-family: 'Century Gothic'; font-size: 8pt;">,</font><font style="font-family: 'Century Gothic'; font-size: 8pt;">125</font></p>












</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 56.7pt; border-image: initial; height: 17px; border-width: 1px; border-color: #000000 !important; border-style: solid;">
<p style="font-size: 8pt; line-height: 108%; margin: 0pt; text-align: center;"><font style="font-family: 'Century Gothic'; font-size: 8pt;">52</font><font style="font-family: 'Century Gothic'; font-size: 8pt;">,</font><font style="font-family: 'Century Gothic'; font-size: 8pt;">500</font><font style="font-family: 'Century Gothic'; font-size: 8pt;">,</font><font style="font-family: 'Century Gothic'; font-size: 8pt;">000</font></p>












</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 70.9pt; border-image: initial; height: 17px; border-width: 1px; border-color: #000000 !important; border-style: solid;">
<p style="font-size: 8pt; line-height: 108%; margin: 0pt; text-align: center;"><font style="font-family: 'Century Gothic'; font-size: 8pt;">4</font><font style="font-family: 'Century Gothic'; font-size: 8pt;">,</font><font style="font-family: 'Century Gothic'; font-size: 8pt;">514</font><font style="font-family: 'Century Gothic'; font-size: 8pt;">,</font><font style="font-family: 'Century Gothic'; font-size: 8pt;">198</font></p>












</td>












</tr>

























</table>
<p style="font-size: 8pt; line-height: 108%; margin: 6.05pt 0pt 8pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 8pt;">&#185; The same number of shares may be transferred to the Statutory Executive Officers as performance shares, with transfer contingent on the attainment of the Company&#8217;s economic and financial targets over the vesting period. No usufruct rights may be granted in connection with such shares.</font></p>
<p style="font-size: 8pt; line-height: 108%; margin: 5.9pt 0pt 8pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 5.33pt; vertical-align: super;">2</font><font style="font-family: 'Century Gothic'; font-size: 8pt;"> The number of performance shares that may be awarded to the Statutory Executive Officers may vary between 0% to 150% of the restricted shares, the transfer being contingent upon the attainment of the Company&#8217;s economic and financial targets over the vesting period. No usufruct rights may be granted in connection with such shares.</font></p>
<table cellspacing="0" cellpadding="0" style="border-collapse: collapse; margin-left: 0pt; font-family: 'times new roman'; font-size: 10pt; height: 212px; width: 99.7551%;" width="100%">

<tr style="height: 21px;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 51.5931%; border-image: initial; height: 21px; border-width: 1px; border-style: solid; border-color: #000000 !important;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Century Gothic'; font-size: 8pt; font-weight: bold;">2024</font></p>












</td>
<td colspan="2" style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; width: 48.2843%; height: 21px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-right-width: 1px; border-right-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; border-right-color: #000000 !important;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Century Gothic'; font-size: 8pt; font-weight: bold;">Shares to be granted</font></p>












</td>


</tr>
<tr style="height: 10px;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 51.5931%; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-right-width: 1px; border-right-style: solid; border-left-width: 1px; border-left-style: solid; border-bottom-color: #000000 !important; border-right-color: #000000 !important; border-left-color: #000000 !important;">
<p style="margin: 0pt;"><font style="font-family: 'Century Gothic'; font-size: 8pt;">Management Body</font></p>












</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 33.3333%; height: 10px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-right-width: 1px; border-right-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; border-right-color: #000000 !important;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Century Gothic'; font-size: 8pt;">Statutory Executive Officers </font></p>












</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 14.951%; height: 10px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-right-width: 1px; border-right-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; border-right-color: #000000 !important;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Century Gothic'; font-size: 8pt;">Board of Directors</font></p>












</td>


</tr>
<tr style="height: 21px;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 51.5931%; height: 21px; border-bottom-width: 1px; border-bottom-style: solid; border-right-width: 1px; border-right-style: solid; border-left-width: 1px; border-left-style: solid; border-bottom-color: #000000 !important; border-right-color: #000000 !important; border-left-color: #000000 !important;">
<p style="margin: 0pt;"><font style="font-family: 'Century Gothic'; font-size: 8pt;">Total number of members</font></p>












</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 33.3333%; height: 21px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-right-width: 1px; border-right-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; border-right-color: #000000 !important;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Century Gothic'; font-size: 8pt;">5</font></p>












</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 14.951%; height: 21px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-right-width: 1px; border-right-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; border-right-color: #000000 !important;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Century Gothic'; font-size: 8pt;">9</font></p>












</td>


</tr>
<tr style="height: 21px;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 51.5931%; height: 21px; border-bottom-width: 1px; border-bottom-style: solid; border-right-width: 1px; border-right-style: solid; border-left-width: 1px; border-left-style: solid; border-bottom-color: #000000 !important; border-right-color: #000000 !important; border-left-color: #000000 !important;">
<p style="margin: 0pt;"><font style="font-family: 'Century Gothic'; font-size: 8pt;">Number of compensated members</font></p>












</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 33.3333%; height: 21px; border-bottom-width: 1px; border-bottom-style: solid; border-right-width: 1px; border-right-style: solid; border-bottom-color: #000000 !important; border-right-color: #000000 !important;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Century Gothic'; font-size: 8pt;">5</font></p>












</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 14.951%; border-image: initial; height: 21px; border-width: 1px; border-style: solid; border-color: #000000 !important;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Century Gothic'; font-size: 8pt;">-</font></p>












</td>


</tr>
<tr style="height: 21px;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 51.5931%; height: 21px; border-bottom-width: 1px; border-bottom-style: solid; border-right-width: 1px; border-right-style: solid; border-left-width: 1px; border-left-style: solid; border-bottom-color: #000000 !important; border-right-color: #000000 !important; border-left-color: #000000 !important;">
<p style="margin: 0pt;"><font style="font-family: 'Century Gothic'; font-size: 8pt;">Grant date</font></p>












</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 33.3333%; height: 21px; border-bottom-width: 1px; border-bottom-style: solid; border-right-width: 1px; border-right-style: solid; border-bottom-color: #000000 !important; border-right-color: #000000 !important;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Century Gothic'; font-size: 8pt;">Apr/24</font></p>












</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 14.951%; border-image: initial; height: 21px; border-width: 1px; border-style: solid; border-color: #000000 !important;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Century Gothic'; font-size: 8pt;">-</font></p>












</td>


</tr>
<tr style="height: 21px;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 51.5931%; height: 21px; border-bottom-width: 1px; border-bottom-style: solid; border-right-width: 1px; border-right-style: solid; border-left-width: 1px; border-left-style: solid; border-bottom-color: #000000 !important; border-right-color: #000000 !important; border-left-color: #000000 !important;">
<p style="margin: 0pt;"><font style="font-family: 'Century Gothic'; font-size: 8pt;">Number of shares granted</font></p>












</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 33.3333%; height: 21px; border-bottom-width: 1px; border-bottom-style: solid; border-right-width: 1px; border-right-style: solid; border-bottom-color: #000000 !important; border-right-color: #000000 !important;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Century Gothic'; font-size: 8pt;">660,401</font></p>












</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 14.951%; border-image: initial; height: 21px; border-width: 1px; border-style: solid; border-color: #000000 !important;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Century Gothic'; font-size: 8pt;">0</font></p>












</td>


</tr>
<tr style="height: 21px;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 51.5931%; height: 21px; border-bottom-width: 1px; border-bottom-style: solid; border-right-width: 1px; border-right-style: solid; border-left-width: 1px; border-left-style: solid; border-bottom-color: #000000 !important; border-right-color: #000000 !important; border-left-color: #000000 !important;">
<p style="margin: 0pt;"><font style="font-family: 'Century Gothic'; font-size: 8pt;">Maximum term for granting the shares</font></p>












</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 33.3333%; height: 21px; border-bottom-width: 1px; border-bottom-style: solid; border-right-width: 1px; border-right-style: solid; border-bottom-color: #000000 !important; border-right-color: #000000 !important;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Century Gothic'; font-size: 8pt;">Apr/27</font></p>












</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 14.951%; border-image: initial; height: 21px; border-width: 1px; border-style: solid; border-color: #000000 !important;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Century Gothic'; font-size: 8pt;">-</font></p>












</td>


</tr>
<tr style="height: 21px;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 51.5931%; height: 21px; border-bottom-width: 1px; border-bottom-style: solid; border-right-width: 1px; border-right-style: solid; border-left-width: 1px; border-left-style: solid; border-bottom-color: #000000 !important; border-right-color: #000000 !important; border-left-color: #000000 !important;">
<p style="margin: 0pt;"><font style="font-family: 'Century Gothic'; font-size: 8pt;">Term for restriction on the transfer of shares</font></p>












</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 33.3333%; height: 21px; border-bottom-width: 1px; border-bottom-style: solid; border-right-width: 1px; border-right-style: solid; border-bottom-color: #000000 !important; border-right-color: #000000 !important;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Century Gothic'; font-size: 8pt;">-</font></p>












</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 14.951%; border-image: initial; height: 21px; border-width: 1px; border-style: solid; border-color: #000000 !important;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Century Gothic'; font-size: 8pt;">-</font></p>












</td>


</tr>
<tr style="height: 21px;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 51.5931%; height: 21px; border-bottom-width: 1px; border-bottom-style: solid; border-right-width: 1px; border-right-style: solid; border-left-width: 1px; border-left-style: solid; border-bottom-color: #000000 !important; border-right-color: #000000 !important; border-left-color: #000000 !important;">
<p style="margin: 0pt;"><font style="font-family: 'Century Gothic'; font-size: 8pt;">Fair value of shares on the grant date</font></p>












</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 33.3333%; height: 21px; border-bottom-width: 1px; border-bottom-style: solid; border-right-width: 1px; border-right-style: solid; border-bottom-color: #000000 !important; border-right-color: #000000 !important;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Century Gothic'; font-size: 8pt;">N/A</font></p>












</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 14.951%; border-image: initial; height: 21px; border-width: 1px; border-style: solid; border-color: #000000 !important;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Century Gothic'; font-size: 8pt;">N/A</font></p>












</td>


</tr>
<tr style="height: 34px;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 51.5931%; height: 34px; border-bottom-width: 1px; border-bottom-style: solid; border-right-width: 1px; border-right-style: solid; border-left-width: 1px; border-left-style: solid; border-bottom-color: #000000 !important; border-right-color: #000000 !important; border-left-color: #000000 !important;">
<p style="margin: 0pt;"><font style="font-family: 'Century Gothic'; font-size: 8pt;">Multiplication of the number of shares granted by the fair value of the shares on the grant date (in thousands of Brazilian </font><font style="font-family: 'Century Gothic'; font-size: 8pt; font-style: italic;">Reais</font><font style="font-family: 'Century Gothic'; font-size: 8pt;">)</font></p>












</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 33.3333%; height: 34px; border-bottom-width: 1px; border-bottom-style: solid; border-right-width: 1px; border-right-style: solid; border-bottom-color: #000000 !important; border-right-color: #000000 !important;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Century Gothic'; font-size: 8pt;">N/A</font></p>












</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 14.951%; border-image: initial; height: 34px; border-width: 1px; border-style: solid; border-color: #000000 !important;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Century Gothic'; font-size: 8pt;">N/A</font></p>












</td>


</tr>















</table>
<p style="font-size: 9pt; line-height: 108%; margin: 0px; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">&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'>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;"><a href="#TOC"></a><br></div>







</div>
<div style="width: 8.5in; margin: 0 auto;">
<p style="margin:0pt"><br></p>
<p style="font-size: 9pt; line-height: 108%; margin: 6pt 0pt 8pt;"><br></p>
<p style="font-size: 9pt; line-height: 108%; margin: 0px; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">8</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">.</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">11</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">. - </font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">Shares transferred in connection with the stock-based compensation of the board of directors and statutory executive officers in the last 3 fiscal years</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">:</font></p>
<p style="font-size: 9pt; line-height: 108%; margin: 0px; text-indent: 0px;"><br></p>
<table cellspacing="0" cellpadding="0" style="border-collapse: collapse; margin-left: 0pt; font-family: 'times new roman'; font-size: 10pt; height: 134px; width: 100%;" width="100%">

<tr style="height: 15px;">
<td colspan="2" style="background-color: #ffffff; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 15px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="font-size: 9pt; line-height: 108%; margin: 0pt 0pt 8pt;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">&nbsp;</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">2023</font></p>












</td>
<td style="background-color: #ffffff; padding-left: 3.5pt; padding-right: 3.5pt; height: 15px; vertical-align: middle; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="middle">
<p style="font-size: 9pt; line-height: 108%; margin: 0pt 0pt 8pt; text-align: center;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold; text-decoration: underline;">Board of Directors</font></p>












</td>
<td style="background-color: #ffffff; padding-left: 3.5pt; padding-right: 3.5pt; height: 15px; vertical-align: middle; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="middle">
<p style="font-size: 9pt; line-height: 108%; margin: 0pt 0pt 8pt; text-align: center;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold; text-decoration: underline;">Fiscal Council</font></p>












</td>
<td style="background-color: #ffffff; padding-left: 3.5pt; padding-right: 3.5pt; height: 15px; vertical-align: middle; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="middle">
<p style="font-size: 9pt; line-height: 108%; margin: 0pt 0pt 8pt; text-align: center;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold; text-decoration: underline;">Statutory Executive Officers</font></p>












</td>
<td style="background-color: #ffffff; padding-left: 3.5pt; padding-right: 3.5pt; height: 15px; vertical-align: middle; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="middle">
<p style="font-size: 9pt; line-height: 108%; margin: 0pt 0pt 8pt; text-align: center;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold; text-decoration: underline;">Total</font></p>












</td>












</tr>
<tr style="height: 12px;">
<td style="background-color: #ffffff; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 12px;">
<p style="font-size: 9pt; line-height: 108%; margin: 0pt 0pt 8pt;"><font style="color: #ff0000; font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">&nbsp;</font></p>












</td>
<td colspan="2" style="background-color: #ffffff; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 12px;">
<p style="font-size: 9pt; line-height: 108%; margin: 0pt 0pt 8pt; text-align: center;"><font style="color: #ff0000; font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">&nbsp;</font></p>












</td>
<td style="background-color: #ffffff; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 12px;">
<p style="font-size: 9pt; line-height: 108%; margin: 0pt 0pt 8pt; text-align: center;"><font style="color: #ff0000; font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">&nbsp;</font></p>












</td>
<td style="background-color: #ffffff; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 12px;">
<p style="font-size: 9pt; line-height: 108%; margin: 0pt 0pt 8pt; text-align: center;"><font style="color: #ff0000; font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">&nbsp;</font></p>












</td>
<td style="background-color: #ffffff; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 12px;">
<p style="font-size: 9pt; line-height: 108%; margin: 0pt 0pt 8pt; text-align: center;"><font style="color: #ff0000; font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">&nbsp;</font></p>












</td>












</tr>
<tr style="height: 10px;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 10px; vertical-align: bottom; width: 60%;" valign="bottom">
<p style="font-size: 9pt; line-height: 108%; margin: 0pt 0pt 8pt;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">Number of members</font></p>












</td>
<td colspan="2" style="padding-left: 3.5pt; padding-right: 3.5pt; height: 10px; vertical-align: bottom; width: 10%;" valign="bottom">
<p style="font-size: 9pt; line-height: 108%; margin: 0pt 0pt 8pt; text-align: right;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">9.30</font></p>












</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 10px; vertical-align: bottom; width: 10%;" valign="bottom">
<p style="font-size: 9pt; line-height: 108%; margin: 0pt 0pt 8pt; text-align: right;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">5.30</font></p>












</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 10px; vertical-align: bottom; width: 10%;" valign="bottom">
<p style="font-size: 9pt; line-height: 108%; margin: 0pt 0pt 8pt; text-align: right;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">6.00</font></p>












</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 10px; vertical-align: bottom; width: 10%;" valign="bottom">
<p style="font-size: 9pt; line-height: 108%; margin: 0pt 0pt 8pt; text-align: right;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">20.60</font></p>












</td>












</tr>
<tr style="height: 12px;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 12px; vertical-align: bottom;" valign="bottom">
<p style="font-size: 9pt; line-height: 108%; margin: 0pt 0pt 8pt;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">Number of compensated members&#185;</font></p>












</td>
<td colspan="2" style="padding-left: 3.5pt; padding-right: 3.5pt; height: 12px; vertical-align: bottom;" valign="bottom">
<p style="font-size: 9pt; line-height: 108%; margin: 0pt 0pt 8pt; text-align: right;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">0.00</font></p>












</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 12px; vertical-align: bottom;" valign="bottom">
<p style="font-size: 9pt; line-height: 108%; margin: 0pt 0pt 8pt; text-align: right;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">4.00</font></p>












</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 12px; vertical-align: bottom;" valign="bottom">
<p style="font-size: 9pt; line-height: 108%; margin: 0pt 0pt 8pt; text-align: right;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">0.00</font></p>












</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 12px; vertical-align: bottom;" valign="bottom">
<p style="font-size: 9pt; line-height: 108%; margin: 0pt 0pt 8pt; text-align: right;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">4.00</font></p>












</td>












</tr>
<tr style="height: 12px;">
<td style="background-color: #ffffff; padding-left: 3.5pt; padding-right: 3.5pt; height: 12px; vertical-align: bottom;" valign="bottom">
<p style="font-size: 9pt; line-height: 108%; margin: 0pt 0pt 8pt;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">Number of shares</font></p>












</td>
<td colspan="2" style="background-color: #ffffff; padding-left: 3.5pt; padding-right: 3.5pt; height: 12px; vertical-align: bottom;" valign="bottom">
<p style="font-size: 9pt; line-height: 108%; margin: 0pt 0pt 8pt; text-align: right;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">N/A</font></p>












</td>
<td style="background-color: #ffffff; padding-left: 3.5pt; padding-right: 3.5pt; height: 12px; vertical-align: bottom;" valign="bottom">
<p style="font-size: 9pt; line-height: 108%; margin: 0pt 0pt 8pt; text-align: right;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">81,754</font></p>












</td>
<td style="background-color: #ffffff; padding-left: 3.5pt; padding-right: 3.5pt; height: 12px; vertical-align: bottom;" valign="bottom">
<p style="font-size: 9pt; line-height: 108%; margin: 0pt 0pt 8pt; text-align: right;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">N/A</font></p>












</td>
<td style="background-color: #ffffff; padding-left: 3.5pt; padding-right: 3.5pt; height: 12px; vertical-align: bottom;" valign="bottom">
<p style="font-size: 9pt; line-height: 108%; margin: 0pt 0pt 8pt; text-align: right;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">81,754</font></p>












</td>












</tr>
<tr style="height: 10px;">
<td style="background-color: #ffffff; padding-left: 3.5pt; padding-right: 3.5pt; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="font-size: 9pt; line-height: 108%; margin: 0pt 0pt 8pt;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">Weighted average acquisition price</font></p>












</td>
<td colspan="2" style="padding-left: 3.5pt; padding-right: 3.5pt; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="font-size: 9pt; line-height: 108%; margin: 0pt 0pt 8pt; text-align: right;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">N/A</font></p>












</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="font-size: 9pt; line-height: 108%; margin: 0pt 0pt 8pt; text-align: right;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">22.08</font></p>












</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="font-size: 9pt; line-height: 108%; margin: 0pt 0pt 8pt; text-align: right;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">N/A</font></p>












</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="font-size: 9pt; line-height: 108%; margin: 0pt 0pt 8pt; text-align: right;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">22.08</font></p>












</td>












</tr>
<tr style="height: 30px;">
<td style="background-color: #ffffff; padding-left: 3.5pt; padding-right: 3.5pt; height: 30px; vertical-align: bottom;" valign="bottom">
<p style="font-size: 9pt; line-height: 108%; margin: 0pt 0pt 8pt;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">Weighted average market price of the shares acquired</font></p>












</td>
<td colspan="2" style="padding-left: 3.5pt; padding-right: 3.5pt; height: 30px; vertical-align: bottom;" valign="bottom">
<p style="font-size: 9pt; line-height: 108%; margin: 0pt 0pt 8pt; text-align: right;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">N/A</font></p>












</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 30px; vertical-align: bottom;" valign="bottom">
<p style="font-size: 9pt; line-height: 108%; margin: 0pt 0pt 8pt; text-align: right;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">13.73</font></p>












</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 30px; vertical-align: bottom;" valign="bottom">
<p style="font-size: 9pt; line-height: 108%; margin: 0pt 0pt 8pt; text-align: right;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">N/A</font></p>












</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 30px; vertical-align: bottom;" valign="bottom">
<p style="font-size: 9pt; line-height: 108%; margin: 0pt 0pt 8pt; text-align: right;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">13.73</font></p>












</td>












</tr>
<tr style="height: 10px;">
<td style="background-color: #ffffff; padding-left: 3.5pt; padding-right: 3.5pt; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="font-size: 9pt; line-height: 1.2; margin: 0pt 0pt 8pt;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold; line-height: inherit;">Multiplication of the total shares acquired by the difference between the weighted average acquisition price and the weighted average market price of the shares acquired (in thousands of </font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-style: italic; font-weight: bold; line-height: inherit;">Reais</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold; line-height: inherit;">)</font></p>












</td>
<td colspan="2" style="padding-left: 3.5pt; padding-right: 3.5pt; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="font-size: 9pt; line-height: 108%; margin: 0pt 0pt 8pt; text-align: right;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">N/A</font></p>












</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="font-size: 9pt; line-height: 108%; margin: 0pt 0pt 8pt; text-align: right;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">663.2</font></p>












</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="font-size: 9pt; line-height: 108%; margin: 0pt 0pt 8pt; text-align: right;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">N/A</font></p>












</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="font-size: 9pt; line-height: 108%; margin: 0pt 0pt 8pt; text-align: right;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">663.2</font></p>












</td>












</tr>
<tr style="height: 23px;">
<td style="background-color: #ffffff; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 23px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="font-size: 9pt; line-height: 108%; margin: 0pt 0pt 8pt 5.5pt;"><font style="color: #ff0000; font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;</font></p>












</td>
<td colspan="2" style="background-color: #ffffff; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 23px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="font-size: 9pt; line-height: 108%; margin: 0pt 0pt 8pt; text-align: right;"><font style="color: #ff0000; font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;</font></p>












</td>
<td style="background-color: #ffffff; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 23px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="font-size: 9pt; line-height: 108%; margin: 0pt 0pt 8pt; text-align: right;"><font style="color: #ff0000; font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;</font></p>












</td>
<td style="background-color: #ffffff; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 23px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="font-size: 9pt; line-height: 108%; margin: 0pt 0pt 8pt; text-align: right;"><font style="color: #ff0000; font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;</font></p>












</td>
<td style="background-color: #ffffff; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 23px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="font-size: 9pt; line-height: 108%; margin: 0pt 0pt 8pt; text-align: right;"><font style="color: #ff0000; font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;</font></p>












</td>












</tr>

























</table>
<p style="font-size: 9pt; line-height: 108%; margin: 6pt 0pt 8pt;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">&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: 123px;" width="100%">

<tr style="height: 29px;">
<td colspan="2" style="background-color: #ffffff; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 29px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="font-size: 9pt; line-height: 108%; margin: 0pt 0pt 8pt;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">&nbsp;</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">2022</font></p>












</td>
<td style="background-color: #ffffff; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 29px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="font-size: 9pt; line-height: 108%; margin: 0pt 0pt 8pt; text-align: center;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold; text-decoration: underline;">Board of Directors</font></p>












</td>
<td style="background-color: #ffffff; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 29px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="font-size: 9pt; line-height: 108%; margin: 0pt 0pt 8pt; text-align: center;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold; text-decoration: underline;">Fiscal Council</font></p>












</td>
<td style="background-color: #ffffff; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 29px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="font-size: 9pt; line-height: 108%; margin: 0pt 0pt 8pt; text-align: center;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold; text-decoration: underline;">Statutory Executive Officers</font></p>












</td>
<td style="background-color: #ffffff; padding-left: 3.5pt; padding-right: 3.5pt; height: 29px; vertical-align: middle; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="middle">
<p style="font-size: 9pt; line-height: 108%; margin: 0pt 0pt 8pt; text-align: center;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold; text-decoration: underline;">Total</font></p>












</td>












</tr>
<tr style="height: 23px;">
<td style="background-color: #ffffff; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 23px;">
<p style="font-size: 9pt; line-height: 108%; margin: 0pt 0pt 8pt;"><font style="color: #ff0000; font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">&nbsp;</font></p>












</td>
<td colspan="2" style="background-color: #ffffff; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 23px;">
<p style="font-size: 9pt; line-height: 108%; margin: 0pt 0pt 8pt; text-align: center;"><font style="color: #ff0000; font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">&nbsp;</font></p>












</td>
<td style="background-color: #ffffff; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 23px;">
<p style="font-size: 9pt; line-height: 108%; margin: 0pt 0pt 8pt; text-align: center;"><font style="color: #ff0000; font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">&nbsp;</font></p>












</td>
<td style="background-color: #ffffff; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 23px;">
<p style="font-size: 9pt; line-height: 108%; margin: 0pt 0pt 8pt; text-align: center;"><font style="color: #ff0000; font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">&nbsp;</font></p>












</td>
<td style="background-color: #ffffff; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 23px;">
<p style="font-size: 9pt; line-height: 108%; margin: 0pt 0pt 8pt; text-align: center;"><font style="color: #ff0000; font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">&nbsp;</font></p>












</td>












</tr>
<tr style="height: 10px;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; width: 60%;">
<p style="font-size: 9pt; line-height: 108%; margin: 0pt 0pt 8pt;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">Number of members</font></p>












</td>
<td colspan="2" style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; width: 10%;">
<p style="font-size: 9pt; line-height: 108%; margin: 0pt 0pt 8pt; text-align: right;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">10.00</font></p>












</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; width: 10%;">
<p style="font-size: 9pt; line-height: 108%; margin: 0pt 0pt 8pt; text-align: right;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">6.25</font></p>












</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; width: 10%;">
<p style="font-size: 9pt; line-height: 108%; margin: 0pt 0pt 8pt; text-align: right;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">6.00</font></p>












</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; width: 10%;">
<p style="font-size: 9pt; line-height: 108%; margin: 0pt 0pt 8pt; text-align: right;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">22.25</font></p>












</td>












</tr>
<tr style="height: 10px;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px;">
<p style="font-size: 9pt; line-height: 108%; margin: 0pt 0pt 8pt;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">Number of compensated members&#185;</font></p>












</td>
<td colspan="2" style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px;">
<p style="font-size: 9pt; line-height: 108%; margin: 0pt 0pt 8pt; text-align: right;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">0.00</font></p>












</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px;">
<p style="font-size: 9pt; line-height: 108%; margin: 0pt 0pt 8pt; text-align: right;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">4.00</font></p>












</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px;">
<p style="font-size: 9pt; line-height: 108%; margin: 0pt 0pt 8pt; text-align: right;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">0.00</font></p>












</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px;">
<p style="font-size: 9pt; line-height: 108%; margin: 0pt 0pt 8pt; text-align: right;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">4.00</font></p>












</td>












</tr>
<tr style="height: 10px;">
<td style="background-color: #ffffff; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px;">
<p style="font-size: 9pt; line-height: 108%; margin: 0pt 0pt 8pt;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">Number of shares</font></p>












</td>
<td colspan="2" style="background-color: #ffffff; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px;">
<p style="font-size: 9pt; line-height: 108%; margin: 0pt 0pt 8pt; text-align: right;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">N/A</font></p>












</td>
<td style="background-color: #ffffff; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px;">
<p style="font-size: 9pt; line-height: 108%; margin: 0pt 0pt 8pt; text-align: right;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">412,535</font></p>












</td>
<td style="background-color: #ffffff; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px;">
<p style="font-size: 9pt; line-height: 108%; margin: 0pt 0pt 8pt; text-align: right;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">N/A</font></p>












</td>
<td style="background-color: #ffffff; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px;">
<p style="font-size: 9pt; line-height: 108%; margin: 0pt 0pt 8pt; text-align: right;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">412,535</font></p>












</td>












</tr>
<tr style="height: 10px;">
<td style="background-color: #ffffff; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px;">
<p style="font-size: 9pt; line-height: 108%; margin: 0pt 0pt 8pt;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">Weighted average acquisition price</font></p>












</td>
<td colspan="2" style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px;">
<p style="font-size: 9pt; line-height: 108%; margin: 0pt 0pt 8pt; text-align: right;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">N/A</font></p>












</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px;">
<p style="font-size: 9pt; line-height: 108%; margin: 0pt 0pt 8pt; text-align: right;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">29.48</font></p>












</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px;">
<p style="font-size: 9pt; line-height: 108%; margin: 0pt 0pt 8pt; text-align: right;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">N/A</font></p>












</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px;">
<p style="font-size: 9pt; line-height: 108%; margin: 0pt 0pt 8pt; text-align: right;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">29.48</font></p>












</td>












</tr>
<tr style="height: 11px;">
<td style="background-color: #ffffff; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 11px;">
<p style="font-size: 9pt; line-height: 108%; margin: 0pt 0pt 8pt;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">Weighted average market price of the shares acquired</font></p>












</td>
<td colspan="2" style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 11px;">
<p style="font-size: 9pt; line-height: 108%; margin: 0pt 0pt 8pt; text-align: right;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">N/A</font></p>












</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 11px;">
<p style="font-size: 9pt; line-height: 108%; margin: 0pt 0pt 8pt; text-align: right;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">14.51</font></p>












</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 11px;">
<p style="font-size: 9pt; line-height: 108%; margin: 0pt 0pt 8pt; text-align: right;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">N/A</font></p>












</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 11px;">
<p style="font-size: 9pt; line-height: 108%; margin: 0pt 0pt 8pt; text-align: right;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">14.51</font></p>












</td>












</tr>
<tr style="height: 10px;">
<td style="background-color: #ffffff; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px;">
<p style="font-size: 9pt; line-height: 108%; margin: 0pt 0pt 8pt;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">Multiplication of the total shares acquired by the difference between the weighted average acquisition price and the weighted average market price of the shares acquired (in thousands of </font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-style: italic; font-weight: bold;">Reais</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">)</font></p>












</td>
<td colspan="2" style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px;">
<p style="font-size: 9pt; line-height: 108%; margin: 0pt 0pt 8pt; text-align: right;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">N/A</font></p>












</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px;">
<p style="font-size: 9pt; line-height: 108%; margin: 0pt 0pt 8pt; text-align: right;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">6,175.6</font></p>












</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px;">
<p style="font-size: 9pt; line-height: 108%; margin: 0pt 0pt 8pt; text-align: right;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">N/A</font></p>












</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px;">
<p style="font-size: 9pt; line-height: 108%; margin: 0pt 0pt 8pt; text-align: right;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">6,175.6</font></p>












</td>












</tr>
<tr style="height: 10px;">
<td style="background-color: #ffffff; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="font-size: 9pt; line-height: 108%; margin: 0pt 0pt 8pt 5.5pt;"><font style="color: #ff0000; font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;</font></p>












</td>
<td colspan="2" style="background-color: #ffffff; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="font-size: 9pt; line-height: 108%; margin: 0pt 0pt 8pt; text-align: right;"><font style="color: #ff0000; font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;</font></p>












</td>
<td style="background-color: #ffffff; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="font-size: 9pt; line-height: 108%; margin: 0pt 0pt 8pt; text-align: right;"><font style="color: #ff0000; font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;</font></p>












</td>
<td style="background-color: #ffffff; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="font-size: 9pt; line-height: 108%; margin: 0pt 0pt 8pt; text-align: right;"><font style="color: #ff0000; font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;</font></p>












</td>
<td style="background-color: #ffffff; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="font-size: 9pt; line-height: 108%; margin: 0pt 0pt 8pt; text-align: right;"><font style="color: #ff0000; font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;</font></p>












</td>












</tr>

























</table>
<p style="font-size: 9pt; line-height: 108%; margin: 6pt 0pt 8pt;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">&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: 18px;">
<td colspan="2" style="background-color: #ffffff; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 18px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="font-size: 9pt; line-height: 108%; margin: 0pt 0pt 8pt;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">&nbsp;</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">2021</font></p>












</td>
<td style="background-color: #ffffff; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 18px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="font-size: 9pt; line-height: 108%; margin: 0pt 0pt 8pt; text-align: center;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold; text-decoration: underline;">Board of Directors</font></p>












</td>
<td style="background-color: #ffffff; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 18px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="font-size: 9pt; line-height: 108%; margin: 0pt 0pt 8pt; text-align: center;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold; text-decoration: underline;">Fiscal Council</font></p>












</td>
<td style="background-color: #ffffff; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 18px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="font-size: 9pt; line-height: 108%; margin: 0pt 0pt 8pt; text-align: center;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold; text-decoration: underline;">Statutory Executive Officers</font></p>












</td>
<td style="background-color: #ffffff; padding-left: 3.5pt; padding-right: 3.5pt; height: 18px; vertical-align: middle; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="middle">
<p style="font-size: 9pt; line-height: 108%; margin: 0pt 0pt 8pt; text-align: center;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold; text-decoration: underline;">Total</font></p>












</td>












</tr>
<tr style="height: 23px;">
<td style="background-color: #ffffff; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 23px; width: 60%;">
<p style="font-size: 9pt; line-height: 108%; margin: 0pt 0pt 8pt;"><font style="color: #ff0000; font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">&nbsp;</font></p>












</td>
<td colspan="2" style="background-color: #ffffff; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 23px; width: 10%;">
<p style="font-size: 9pt; line-height: 108%; margin: 0pt 0pt 8pt; text-align: center;"><font style="color: #ff0000; font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">&nbsp;</font></p>












</td>
<td style="background-color: #ffffff; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 23px; width: 10%;">
<p style="font-size: 9pt; line-height: 108%; margin: 0pt 0pt 8pt; text-align: center;"><font style="color: #ff0000; font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">&nbsp;</font></p>












</td>
<td style="background-color: #ffffff; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 23px; width: 10%;">
<p style="font-size: 9pt; line-height: 108%; margin: 0pt 0pt 8pt; text-align: center;"><font style="color: #ff0000; font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">&nbsp;</font></p>












</td>
<td style="background-color: #ffffff; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 23px; width: 10%;">
<p style="font-size: 9pt; line-height: 108%; margin: 0pt 0pt 8pt; text-align: center;"><font style="color: #ff0000; font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">&nbsp;</font></p>












</td>












</tr>
<tr style="height: 23px;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 23px;">
<p style="font-size: 9pt; line-height: 108%; margin: 0pt 0pt 8pt;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">Number of members</font></p>












</td>
<td colspan="2" style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 23px;">
<p style="font-size: 9pt; line-height: 108%; margin: 0pt 0pt 8pt; text-align: right;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">11.00</font></p>












</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 23px;">
<p style="font-size: 9pt; line-height: 108%; margin: 0pt 0pt 8pt; text-align: right;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">6.22</font></p>












</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 23px;">
<p style="font-size: 9pt; line-height: 108%; margin: 0pt 0pt 8pt; text-align: right;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">6.00</font></p>












</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 23px;">
<p style="font-size: 9pt; line-height: 108%; margin: 0pt 0pt 8pt; text-align: right;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">23.22</font></p>












</td>












</tr>
<tr style="height: 23px;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 23px;">
<p style="font-size: 9pt; line-height: 108%; margin: 0pt 0pt 8pt;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">Number of compensated members&#185;</font></p>












</td>
<td colspan="2" style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 23px;">
<p style="font-size: 9pt; line-height: 108%; margin: 0pt 0pt 8pt; text-align: right;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">0.00</font></p>












</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 23px;">
<p style="font-size: 9pt; line-height: 108%; margin: 0pt 0pt 8pt; text-align: right;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">4.00</font></p>












</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 23px;">
<p style="font-size: 9pt; line-height: 108%; margin: 0pt 0pt 8pt; text-align: right;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">0.00</font></p>












</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 23px;">
<p style="font-size: 9pt; line-height: 108%; margin: 0pt 0pt 8pt; text-align: right;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">4.00</font></p>












</td>












</tr>
<tr style="height: 10px;">
<td style="background-color: #ffffff; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px;">
<p style="font-size: 9pt; line-height: 108%; margin: 0pt 0pt 8pt;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">Number of shares</font></p>












</td>
<td colspan="2" style="background-color: #ffffff; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px;">
<p style="font-size: 9pt; line-height: 108%; margin: 0pt 0pt 8pt; text-align: right;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">N/A</font></p>












</td>
<td style="background-color: #ffffff; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px;">
<p style="font-size: 9pt; line-height: 108%; margin: 0pt 0pt 8pt; text-align: right;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">137,924</font></p>












</td>
<td style="background-color: #ffffff; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px;">
<p style="font-size: 9pt; line-height: 108%; margin: 0pt 0pt 8pt; text-align: right;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">N/A</font></p>












</td>
<td style="background-color: #ffffff; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px;">
<p style="font-size: 9pt; line-height: 108%; margin: 0pt 0pt 8pt; text-align: right;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">137,924</font></p>












</td>












</tr>
<tr style="height: 23px;">
<td style="background-color: #ffffff; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 23px;">
<p style="font-size: 9pt; line-height: 108%; margin: 0pt 0pt 8pt;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">Weighted average acquisition price</font></p>












</td>
<td colspan="2" style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 23px;">
<p style="font-size: 9pt; line-height: 108%; margin: 0pt 0pt 8pt; text-align: right;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">N/A</font></p>












</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 23px;">
<p style="font-size: 9pt; line-height: 108%; margin: 0pt 0pt 8pt; text-align: right;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">28.17</font></p>












</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 23px;">
<p style="font-size: 9pt; line-height: 108%; margin: 0pt 0pt 8pt; text-align: right;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">N/A</font></p>












</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 23px;">
<p style="font-size: 9pt; line-height: 108%; margin: 0pt 0pt 8pt; text-align: right;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">28.17</font></p>












</td>












</tr>
<tr style="height: 10px;">
<td style="background-color: #ffffff; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px;">
<p style="font-size: 9pt; line-height: 108%; margin: 0pt 0pt 8pt;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">Weighted average market price of the shares acquired</font></p>












</td>
<td colspan="2" style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px;">
<p style="font-size: 9pt; line-height: 108%; margin: 0pt 0pt 8pt; text-align: right;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">N/A</font></p>












</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px;">
<p style="font-size: 9pt; line-height: 108%; margin: 0pt 0pt 8pt; text-align: right;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">17.61</font></p>












</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px;">
<p style="font-size: 9pt; line-height: 108%; margin: 0pt 0pt 8pt; text-align: right;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">N/A</font></p>












</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 10px;">
<p style="font-size: 9pt; line-height: 108%; margin: 0pt 0pt 8pt; text-align: right;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">17.61</font></p>












</td>












</tr>
<tr style="height: 29px;">
<td style="background-color: #ffffff; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 29px;">
<p style="font-size: 9pt; line-height: 108%; margin: 0pt 0pt 8pt;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">Multiplication of the total shares acquired by the difference between the weighted average acquisition price and the weighted average market price of the shares acquired (in thousands of </font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-style: italic; font-weight: bold;">Reais</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">)</font></p>












</td>
<td colspan="2" style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 29px;">
<p style="font-size: 9pt; line-height: 108%; margin: 0pt 0pt 8pt; text-align: right;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">N/A</font></p>












</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 29px;">
<p style="font-size: 9pt; line-height: 108%; margin: 0pt 0pt 8pt; text-align: right;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">1,456.5</font></p>












</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 29px;">
<p style="font-size: 9pt; line-height: 108%; margin: 0pt 0pt 8pt; text-align: right;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">N/A</font></p>












</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 29px;">
<p style="font-size: 9pt; line-height: 108%; margin: 0pt 0pt 8pt; text-align: right;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">1,456.7</font></p>












</td>












</tr>
<tr style="height: 23px;">
<td style="background-color: #ffffff; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 23px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="font-size: 9pt; line-height: 108%; margin: 0pt 0pt 8pt 5.5pt;"><font style="color: #ff0000; font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;</font></p>












</td>
<td colspan="2" style="background-color: #ffffff; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 23px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="font-size: 9pt; line-height: 108%; margin: 0pt 0pt 8pt; text-align: right;"><font style="color: #ff0000; font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;</font></p>












</td>
<td style="background-color: #ffffff; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 23px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="font-size: 9pt; line-height: 108%; margin: 0pt 0pt 8pt; text-align: right;"><font style="color: #ff0000; font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;</font></p>












</td>
<td style="background-color: #ffffff; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 23px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="font-size: 9pt; line-height: 108%; margin: 0pt 0pt 8pt; text-align: right;"><font style="color: #ff0000; font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;</font></p>












</td>
<td style="background-color: #ffffff; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 23px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="font-size: 9pt; line-height: 108%; margin: 0pt 0pt 8pt; text-align: right;"><font style="color: #ff0000; font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;</font></p>












</td>












</tr>

























</table>
<p style="line-height: 12pt; margin: 0pt 0pt 8pt; text-align: justify;"><br></p>
<p style="line-height: 12pt; margin: 0px; text-align: justify; text-indent: 0px;"><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'>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;"><a href="#TOC"></a><br></div>







</div>
<div style="width: 8.5in; margin: 0 auto;">
<p style="margin:0pt"><br></p>
<p style="font-size: 9pt; line-height: 108%; margin: 6pt 0pt 8pt;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">8.12. - Summary description of the information required for understanding the data disclosed in items 8.5 to 8.11, and explanation of the method of pricing the shares and options, indicating at least:</font></p>
<ol style="margin: 0pt; padding-left: 0pt; list-style-type: lower-alpha;">
<li style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold; line-height: 120%; list-style-position: inside; margin: 0pt 0pt 6pt; text-align: justify; text-indent: 0pt;"><font style="font: 7.0pt 'Times New Roman';">&nbsp;&nbsp;&nbsp;&nbsp; </font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold; text-decoration: underline;">pricing model</font></li>
<li style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold; line-height: 120%; list-style-position: inside; margin: 0pt 0pt 6pt; text-align: justify; text-indent: 0pt;"><font style="font: 7.0pt 'Times New Roman';">&nbsp;&nbsp;&nbsp;&nbsp; </font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold; text-decoration: underline;">data and assumptions used in the pricing model, including the weighted average price of shares, exercise price, estimated volatility, option term, estimated dividends and risk-free interest rate</font></li>
<li style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold; line-height: 120%; list-style-position: inside; margin: 0pt 0pt 6pt; text-align: justify; text-indent: 0pt;"><font style="font: 7.0pt 'Times New Roman';">&nbsp;&nbsp;&nbsp;&nbsp; </font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold; text-decoration: underline;">method used and assumptions to incorporate the estimated effects of early exercise</font></li>
<li style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold; line-height: 120%; list-style-position: inside; margin: 0pt 0pt 6pt; text-align: justify; text-indent: 0pt;"><font style="font: 7.0pt 'Times New Roman';">&nbsp;&nbsp;&nbsp;&nbsp; </font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold; text-decoration: underline;">form of determination of estimated volatility</font></li>
<li style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold; line-height: 120%; list-style-position: inside; margin: 0pt 0pt 6pt; text-align: justify; text-indent: 0pt;"><font style="font: 7.0pt 'Times New Roman';">&nbsp;&nbsp;&nbsp;&nbsp; </font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold; text-decoration: underline;">if any other characteristic of the option has been incorporated into the measurement of its fair value</font></li>












</ol>
<p style="font-size: 9pt; line-height: 120%; margin: 6pt 0pt 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">As reported, Ultrapar does not have a stock option plan. However, for a better understanding of the applicable items, we inform that the price assigned to the granted shares corresponds to the market price of the Company&#8217;s shares at the time of the grant. This price may be adjusted ex-post, as the case may be, to reflect any extraordinary corporate events that change the number of shares held by each shareholder, such as stock splits, stock dividends and reverse splits. </font></p>
<p style="font-size: 9pt; line-height: 120%; margin: 6pt 0pt 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">Information related to the fiscal year of 2024 that can only be obtained in the future, such as the fair value of shares for grants on dates subsequent to the filing of the Reference Form, were indicated as non-applicable.</font></p>
<p style="font-size: 9pt; line-height: 120%; margin: 6pt 0pt 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">8.13.<font style="color: #000000; font-family: 'Century Gothic'; font-size: 12px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: bold; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;"><font>&nbsp;</font>-<font>&nbsp;</font></font>Number of shares, quotas and other securities convertible into shares or quotas issued in Brazil or abroad by the Company, its direct or indirect controlling shareholders, subsidiaries or companies under common control, held by members of the Board of Directors, Statutory Executive Officers or members of the Fiscal Council, broken down by corporate body:</font></p>
<p style="font-size: 9pt; line-height: 120%; margin: 0pt 0pt 6pt 7.1pt; text-align: justify;"><br></p>
<p style="font-size: 9pt; line-height: 120%; margin: 0px; text-align: justify; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">The table below shows the number of shares directly or indirectly held by the current members of the Board of Directors, the Fiscal Council and the Statutory Executive Officers as of December 31, 2023.</font></p>
<p style="font-size: 9pt; line-height: 120%; margin: 0px; text-align: justify; text-indent: 0px;"><br></p>
<table cellspacing="0" cellpadding="0" style="border-collapse: collapse; margin: 0px auto; font-family: 'times new roman'; font-size: 10pt; width: 100%; height: 217px;" width="100%">

<tr style="height: 17px;">
<td style="vertical-align: middle; width: 50%; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; orphans: 0; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 8pt;">&nbsp;</font></p>












</td>
<td colspan="2" style="vertical-align: middle; width: 40%; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="line-height: 8.9pt; margin: 0.3pt 7.35pt 0pt 0pt; text-align: center;"><font style="font-family: 'Century Gothic'; font-size: 8pt; font-weight: bold;">Total number of shares</font></p>












</td>
<td style="vertical-align: middle; width: 10%; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="line-height: 8.9pt; margin: 0.3pt 0pt 0pt 9.35pt; orphans: 0; text-align: center; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 8pt; font-weight: bold;">%</font></p>












</td>








</tr>
<tr style="height: 18px;">
<td style="vertical-align: middle; height: 18px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;">
<p style="margin: 0pt; orphans: 0; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 8pt; font-weight: bold;">Board of Directors</font></p>












</td>
<td style="vertical-align: middle; height: 18px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;">
<p style="margin: 0pt; orphans: 0; text-align: center; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 8pt; font-weight: bold;">17,793,612</font></p>












</td>
<td colspan="2" style="vertical-align: middle; height: 18px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;">
<p style="margin: 0pt; orphans: 0; text-align: center; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 8pt; font-weight: bold;">1.60%</font></p>












</td>








</tr>
<tr style="height: 17px;">
<td style="vertical-align: middle; height: 17px;">
<p style="margin: 0pt; orphans: 0; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 8pt;">Direct ownership interest</font></p>












</td>
<td style="vertical-align: middle; height: 17px;">
<p style="margin: 0pt; orphans: 0; text-align: center; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 8pt;">5,047,115</font></p>












</td>
<td colspan="2" style="vertical-align: middle; height: 17px;">
<p style="margin: 0pt; orphans: 0; text-align: center; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 8pt;">0.45%</font></p>












</td>








</tr>
<tr style="height: 21px;">
<td style="vertical-align: middle; height: 21px;">
<p style="margin: 0pt; orphans: 0; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 8pt;">Indirect ownership interest</font></p>












</td>
<td style="vertical-align: middle; height: 21px;">
<p style="margin: 0pt; orphans: 0; text-align: center; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 8pt;">12,746,497</font></p>












</td>
<td colspan="2" style="vertical-align: middle; height: 21px;">
<p style="margin: 0pt; orphans: 0; text-align: center; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 8pt;">1.14%</font></p>












</td>








</tr>
<tr style="height: 10px;">
<td style="vertical-align: middle; height: 10px;">
<p style="margin: 0pt; orphans: 0; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 8pt; font-weight: bold;">Fiscal Council</font></p>












</td>
<td style="vertical-align: middle; height: 10px;">
<p style="margin: 0pt; orphans: 0; text-align: center; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 8pt; font-weight: bold;">67,972</font></p>












</td>
<td colspan="2" style="vertical-align: middle; height: 10px;">
<p style="margin: 0pt; orphans: 0; text-align: center; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 8pt; font-weight: bold;">0.01%</font></p>












</td>








</tr>
<tr style="height: 17px;">
<td style="vertical-align: middle; height: 17px;">
<p style="margin: 0pt; orphans: 0; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 8pt;">Direct ownership interest</font></p>












</td>
<td style="vertical-align: middle; height: 17px;">
<p style="margin: 0pt; orphans: 0; text-align: center; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 8pt;">67,972</font></p>












</td>
<td colspan="2" style="vertical-align: middle; height: 17px;">
<p style="margin: 0pt; orphans: 0; text-align: center; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 8pt;">0.01%</font></p>












</td>








</tr>
<tr style="height: 10px;">
<td style="vertical-align: middle; height: 10px;">
<p style="margin: 0pt; orphans: 0; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 8pt;">Indirect ownership interest</font></p>












</td>
<td style="vertical-align: middle; height: 10px;">
<p style="margin: 0pt; orphans: 0; text-align: center; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 8pt;">-</font></p>












</td>
<td colspan="2" style="vertical-align: middle; height: 10px;">
<p style="margin: 0pt; orphans: 0; text-align: center; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 8pt;">0.00%</font></p>












</td>








</tr>
<tr style="height: 10px;">
<td style="vertical-align: middle; height: 10px;">
<p style="margin: 0pt; orphans: 0; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 8pt; font-weight: bold;">Statutory Executive Officers</font></p>












</td>
<td style="vertical-align: middle; height: 10px;">
<p style="margin: 0pt; orphans: 0; text-align: center; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 8pt; font-weight: bold;">4,379,225</font></p>












</td>
<td colspan="2" style="vertical-align: middle; height: 10px;">
<p style="margin: 0pt; orphans: 0; text-align: center; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 8pt; font-weight: bold;">0.39%</font></p>












</td>








</tr>
<tr style="height: 17px;">
<td style="vertical-align: middle; height: 17px;">
<p style="margin: 0pt; orphans: 0; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 8pt;">Direct ownership interest&#185;</font></p>












</td>
<td style="vertical-align: middle; height: 17px;">
<p style="margin: 0pt; orphans: 0; text-align: center; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 8pt;">4,379,225</font></p>












</td>
<td colspan="2" style="vertical-align: middle; height: 17px;">
<p style="margin: 0pt; orphans: 0; text-align: center; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 8pt;">0.39%</font></p>












</td>








</tr>
<tr style="height: 17px;">
<td style="vertical-align: middle; height: 17px;">
<p style="margin: 0pt; orphans: 0; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 8pt;">Indirect ownership interest</font></p>












</td>
<td style="vertical-align: middle; height: 17px;">
<p style="margin: 0pt; orphans: 0; text-align: center; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 8pt;">-</font></p>












</td>
<td colspan="2" style="vertical-align: middle; height: 17px;">
<p style="margin: 0pt; orphans: 0; text-align: center; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 8pt;">0.00%</font></p>












</td>








</tr>
<tr style="height: 29px;">
<td style="vertical-align: middle; height: 29px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; orphans: 0; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 8pt; font-weight: bold;">Total</font></p>












</td>
<td style="vertical-align: middle; height: 29px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; orphans: 0; text-align: center; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 8pt; font-weight: bold;">22,240,809</font></p>












</td>
<td colspan="2" style="vertical-align: middle; height: 29px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; orphans: 0; text-align: center; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 8pt; font-weight: bold;">1.99%</font></p>












</td>








</tr>
<tr style="height: 17px;">
<td style="vertical-align: middle; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;">
<p style="margin: 0pt; orphans: 0; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 8pt;">Shares representing the capital</font></p>












</td>
<td style="vertical-align: middle; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;">
<p style="margin: 0pt; orphans: 0; text-align: center; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 8pt;">1</font><font style="font-family: 'Century Gothic'; font-size: 8pt;">,</font><font style="font-family: 'Century Gothic'; font-size: 8pt;">115</font><font style="font-family: 'Century Gothic'; font-size: 8pt;">,</font><font style="font-family: 'Century Gothic'; font-size: 8pt;">212</font><font style="font-family: 'Century Gothic'; font-size: 8pt;">,</font><font style="font-family: 'Century Gothic'; font-size: 8pt;">490</font></p>












</td>
<td colspan="2" style="vertical-align: middle; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;">
<p style="margin: 0pt; orphans: 0; text-align: center; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 8pt;">100</font><font style="font-family: 'Century Gothic'; font-size: 8pt;">.</font><font style="font-family: 'Century Gothic'; font-size: 8pt;">0%</font></p>












</td>








</tr>
<tr style="height: 17px;">
<td colspan="4" style="vertical-align: middle; height: 17px;">
<p style="margin: 0pt; orphans: 0; widows: 0;"><font style="font-family: 'Century Gothic'; font-size: 8pt;">&#185; </font><font style="font-family: 'Century Gothic'; font-size: 8pt;">Includes shares over which usufruct rights have been granted to Statutory Executive Officers</font></p>












</td>








</tr>





















</table>
<p style="font-size: 10pt; line-height: 120%; margin: 0px; text-align: justify; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 10pt;">&nbsp;</font></p>
<p style="font-size: 11pt; line-height: 120%; margin: 0pt 0pt 6pt 7.1pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">The table does not contemplate changes in Ultrapar&#8217;s ownership interest or management body composition since December 31, 2023.</font> <font style="font-family: 'Century Gothic'; font-size: 9pt;">The current members of the Board of Directors, the Fiscal Council and the Statutory Executive Board do not hold equity interests in subsidiaries or companies under common control.</font></p>
<p style="font-size: 9pt; line-height: 120%; margin: 0px; text-align: justify; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">&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;"><a href="#TOC"></a><br></div>







</div>
<div style="width: 8.5in; margin: 0 auto;">
<div>
<p style="margin:0pt"><br></p>
<p style="font-size: 9pt; line-height: 120%; margin: 0pt 0pt 6pt 7.1pt; text-align: justify;"><br></p>
<p style="font-size: 9pt; line-height: 120%; margin: 0px; text-align: justify; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">8.14. - </font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">Pension plans in force granted to the members of the Board of Directors and Statutory Executive Officers</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">:</font></p>
<p style="font-size: 9pt; line-height: 120%; margin: 0px; text-align: justify; text-indent: 0px;"><br></p>
<table cellspacing="0" cellpadding="0" style="border-collapse: collapse; margin-left: 0px; font-family: 'times new roman'; font-size: 10pt; width: 99.8365%; height: 313px;" width="100%">

<tr style="height: 23px;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 48.242%; height: 23px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="font-size: 8pt; line-height: 108%; margin: 0pt 13.35pt 8pt 0pt; text-align: center;"><font style="font-family: 'Century Gothic'; font-size: 8pt; font-weight: bold; text-decoration: underline;">Management Body</font></p>












</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 12.1014%; height: 23px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="font-size: 8pt; line-height: 108%; margin: 0pt 0pt 8pt; text-align: center;"><font style="font-family: 'Century Gothic'; font-size: 8pt; font-weight: bold; text-decoration: underline;">Board of Directors</font></p>












</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 39.5748%; height: 23px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="font-size: 8pt; line-height: 108%; margin: 0pt 0pt 8pt; text-align: center;"><font style="font-family: 'Century Gothic'; font-size: 8pt; font-weight: bold; text-decoration: underline;">Statutory Executive Officers</font></p>












</td>








</tr>
<tr style="height: 22px;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 48.242%; height: 22px;">
<p style="font-size: 8pt; line-height: 108%; margin: 0pt 0pt 8pt;"><font style="font-family: 'Century Gothic'; font-size: 8pt;">Total number of members</font></p>












</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 12.1014%; height: 22px;">
<p style="font-size: 8pt; line-height: 108%; margin: 0pt 0pt 8pt; text-align: center;"><font style="font-family: 'Century Gothic'; font-size: 8pt;">9.30</font></p>












</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 39.5748%; height: 22px;">
<p style="font-size: 8pt; line-height: 108%; margin: 0pt 0pt 8pt; text-align: center;"><font style="font-family: 'Century Gothic'; font-size: 8pt;">5.30</font></p>












</td>








</tr>
<tr style="height: 25px;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 48.242%; height: 25px;">
<p style="font-size: 8pt; line-height: 108%; margin: 0pt 0pt 8pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 8pt;">Number of compensated members </font><font style="font-family: 'Century Gothic'; font-size: 5.33pt; vertical-align: super;">1</font></p>












</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 12.1014%; height: 25px;">
<p style="font-size: 8pt; line-height: 108%; margin: 0pt 0pt 8pt; text-align: center;"><font style="font-family: 'Century Gothic'; font-size: 8pt;">0.00</font></p>












</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 39.5748%; height: 25px;">
<p style="font-size: 8pt; line-height: 108%; margin: 0pt 0pt 8pt; text-align: center;"><font style="font-family: 'Century Gothic'; font-size: 8pt;">5.30</font></p>












</td>








</tr>
<tr style="height: 10px;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 48.242%; height: 10px;">
<p style="font-size: 8pt; line-height: 108%; margin: 0pt 0pt 8pt;"><font style="font-family: 'Century Gothic'; font-size: 8pt;">Name of the plan</font></p>












</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 12.1014%; height: 10px;">
<p style="font-size: 8pt; line-height: 108%; margin: 0pt 0pt 8pt; text-align: center;"><font style="font-family: 'Century Gothic'; font-size: 8pt;">N/A</font></p>












</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 39.5748%; height: 10px;">
<p style="font-size: 8pt; line-height: 108%; margin: 0pt 0pt 8pt;"><font style="font-family: 'Century Gothic'; font-size: 8pt;">ULTRAPREV &#8211; </font><font style="font-family: 'Century Gothic'; font-size: 8pt; font-style: italic;">Associa&#231;&#227;o de Previd&#234;ncia Complementar</font><font style="font-family: 'Century Gothic'; font-size: 8pt;"> Set Contribution Plan</font></p>












</td>








</tr>
<tr style="height: 10px;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 48.242%; height: 10px;">
<p style="font-size: 8pt; line-height: 108%; margin: 0pt 0pt 8pt;"><font style="font-family: 'Century Gothic'; font-size: 8pt;">Number of managers meeting retirement requirements </font><font style="font-family: 'Century Gothic'; font-size: 5.33pt; vertical-align: super;">2</font></p>












</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 12.1014%; height: 10px;">
<p style="font-size: 8pt; line-height: 108%; margin: 0pt 0pt 8pt; text-align: center;"><font style="font-family: 'Century Gothic'; font-size: 8pt;">N/A</font></p>












</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 39.5748%; height: 10px;">
<p style="font-size: 8pt; line-height: 108%; margin: 0pt 0pt 8pt; text-align: center;"><font style="font-family: 'Century Gothic'; font-size: 8pt;">1</font></p>












</td>








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<tr style="height: 22px;">
<td rowspan="3" style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 48.242%; height: 57px;">
<p style="font-size: 8pt; line-height: 108%; margin: 0pt 0pt 8pt;"><font style="font-family: 'Century Gothic'; font-size: 8pt;">Conditions for early retirement</font></p>












</td>
<td rowspan="3" style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 12.1014%; height: 57px;">
<p style="font-size: 8pt; line-height: 108%; margin: 0pt 0pt 8pt; text-align: center;"><font style="font-family: 'Century Gothic'; font-size: 8pt;">N/A</font></p>












</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 39.5748%; height: 22px;">
<p style="font-size: 8pt; line-height: 108%; margin: 0pt 0pt 8pt;"><font style="font-family: 'Century Gothic'; font-size: 8pt;">- 55 years of age</font></p>












</td>








</tr>
<tr style="height: 25px;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 39.5748%; height: 25px;">
<p style="font-size: 8pt; line-height: 108%; margin: 0pt 0pt 8pt;"><font style="font-family: 'Century Gothic'; font-size: 8pt;">- Minimum 5 years&#8217; employment with the sponsor</font></p>












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</tr>
<tr style="height: 10px;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 39.5748%; height: 10px;">
<p style="font-size: 8pt; line-height: 108%; margin: 0pt 0pt 8pt;"><font style="font-family: 'Century Gothic'; font-size: 8pt;">- </font><font style="font-family: 'Century Gothic'; font-size: 8pt;">Minimum 5 years&#8217; plan membership</font></p>
<p style="font-size: 8pt; line-height: 108%; margin: 0pt 0pt 8pt;"><font style="font-family: 'Century Gothic'; font-size: 8pt;">- </font><font style="font-family: 'Century Gothic'; font-size: 8pt;">Termination of employment relationship with the sponsor</font> </p>












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</tr>
<tr style="height: 18px;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 48.242%; height: 18px;">
<p style="font-size: 8pt; line-height: 108%; margin: 0pt 0pt 8pt;"><font style="font-family: 'Century Gothic'; font-size: 8pt;">Adjusted amount of accumulated contributions to the pension plan until the end of the last fiscal year, reduced by the portion related to contributions made directly by the managers&#179; (in thousands of Brazilian </font><font style="font-family: 'Century Gothic'; font-size: 8pt; font-style: italic;">Reais</font><font style="font-family: 'Century Gothic'; font-size: 8pt;">)</font></p>












</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 12.1014%; height: 18px;">
<p style="font-size: 8pt; line-height: 108%; margin: 0pt 0pt 8pt; text-align: center;"><font style="font-family: 'Century Gothic'; font-size: 8pt;">N/A</font></p>












</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 39.5748%; height: 18px;">
<p style="font-size: 8pt; line-height: 108%; margin: 0pt 0pt 8pt; text-align: center;"><font style="font-family: 'Century Gothic'; font-size: 8pt;">8,399.1</font></p>












</td>








</tr>
<tr style="height: 42px;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 48.242%; height: 42px;">
<p style="font-size: 8pt; line-height: 108%; margin: 0pt 0pt 8pt;"><font style="font-family: 'Century Gothic'; font-size: 8pt;">Accumulated total amount of the contributions made during the last fiscal year, reduced by the portion related to contributions made directly by managers (in thousands of Brazilian </font><font style="font-family: 'Century Gothic'; font-size: 8pt; font-style: italic;">Reais</font></p>












</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 12.1014%; height: 42px;">
<p style="font-size: 8pt; line-height: 108%; margin: 0pt 0pt 8pt; text-align: center;"><font style="font-family: 'Century Gothic'; font-size: 8pt;">N/A</font></p>












</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 39.5748%; height: 42px;">
<p style="font-size: 8pt; line-height: 108%; margin: 0pt 0pt 8pt; text-align: center;"><font style="font-family: 'Century Gothic'; font-size: 8pt;">1,306.4</font></p>












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</tr>
<tr style="height: 23px;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 48.242%; height: 23px;">
<p style="font-size: 8pt; line-height: 108%; margin: 0pt 0pt 8pt;"><font style="font-family: 'Century Gothic'; font-size: 8pt;">Possibility and conditions for early redemption</font></p>












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<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 12.1014%; height: 23px;">
<p style="font-size: 8pt; line-height: 108%; margin: 0pt 0pt 8pt; text-align: center;"><font style="font-family: 'Century Gothic'; font-size: 8pt;">N/A</font></p>












</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 39.5748%; height: 23px;">
<p style="font-size: 8pt; line-height: 108%; margin: 0pt 0pt 8pt;"><font style="font-family: 'Century Gothic'; font-size: 8pt;">The plan includes an option of redemption upon termination of employment, even if not all conditions for retirement are met</font></p>












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<tr style="height: 22px;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 48.242%; height: 22px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="font-size: 8pt; line-height: 108%; margin: 0pt 0pt 8pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 8pt;">&nbsp;</font></p>












</td>
<td style="vertical-align: top; width: 12.1014%; height: 22px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"></td>
<td style="vertical-align: top; width: 39.5748%; height: 22px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"></td>








</tr>
<tr style="height: 61px;">
<td colspan="3" style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 99.9182%; height: 61px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;">
<p style="font-size: 8pt; line-height: 108%; margin: 0pt 0pt 8pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 8pt;">&#185; Only considers members under the retirement plan, as specified in CVM/SEP&#8217;s Of&#237;cio Circular of </font><font style="font-family: 'Century Gothic'; font-size: 8pt;">2024</font></p>
<p style="font-size: 8pt; line-height: 108%; margin: 0pt 0pt 8pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 5.33pt; vertical-align: super;">2</font> <font style="font-family: 'Century Gothic'; font-size: 8pt;">Managers who meet the conditions of age, period of employment and period of participation in the plan. Termination of employment is required for retirement</font></p>
<p style="font-size: 8pt; line-height: 108%; margin: 0pt 0pt 8pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 5.33pt; vertical-align: super;">3</font> <font style="font-family: 'Century Gothic'; font-size: 8pt;">Total amount of contributions made by the sponsor since affiliation with the plan, plus return</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'>101</font></font></td>







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<p style="font-size: 9pt; line-height: 108%; margin: 0px; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">8</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">.1</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">5</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;"> &#8211; </font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;"> Maximum, minimum and average compensation of the Board of Directors, Statutory Executive Officers and Fiscal Council</font></p>
<p style="font-size: 9pt; line-height: 108%; margin: 0px; text-indent: 0px;"><br></p>
<p style="margin: 0px; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">Annual values (in thousands of Brazilian </font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-style: italic; font-weight: bold;">Reais</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">, except for number of members)</font></p>
<p style="font-size: 9pt; line-height: 108%; margin: 4.6pt 72.15pt 8pt 8.3pt;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">&nbsp;</font></p>
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<td rowspan="2" style="background-color: #dcdcdc; padding: 0px; vertical-align: middle; border-image: initial; height: 20px; margin: 0px; text-indent: 0px; border-width: 1px; border-color: #000000 !important; border-style: solid;">
<p style="font-size: 9pt; line-height: 108%; margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;</font></p>












</td>
<td colspan="3" style="background-color: #dcdcdc; padding: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #000000 !important;">
<p style="font-size: 9pt; line-height: 108%; margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">Statutory Executive Officers</font></p>












</td>
<td colspan="3" style="background-color: #dcdcdc; padding: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #000000 !important;">
<p style="font-size: 9pt; line-height: 108%; margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">Board of Directors</font></p>












</td>
<td colspan="4" style="background-color: #dcdcdc; padding: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #000000 !important;">
<p style="font-size: 9pt; line-height: 108%; margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">Fiscal Council</font></p>










</td>










</tr>
<tr style="height: 10px;">
<td style="background-color: #dcdcdc; padding: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #000000 !important;">
<p style="font-size: 9pt; line-height: 108%; margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">12/</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">31/</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">2023</font></p>












</td>
<td style="background-color: #dcdcdc; padding: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #000000 !important;">
<p style="font-size: 9pt; line-height: 108%; margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">12/31/2022</font></p>












</td>
<td style="background-color: #dcdcdc; padding: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #000000 !important;">
<p style="font-size: 9pt; line-height: 108%; margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">12/31/2021</font></p>












</td>
<td style="background-color: #dcdcdc; padding: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #000000 !important;">
<p style="font-size: 9pt; line-height: 108%; margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">12/</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">31/</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">2023</font></p>












</td>
<td style="background-color: #dcdcdc; padding: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #000000 !important;">
<p style="font-size: 9pt; line-height: 108%; margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">12/31/2022</font></p>












</td>
<td style="background-color: #dcdcdc; padding: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #000000 !important;">
<p style="font-size: 9pt; line-height: 108%; margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">12/31/2021</font></p>












</td>
<td style="background-color: #dcdcdc; padding: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #000000 !important;">
<p style="font-size: 9pt; line-height: 108%; margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">12/31/2023</font></p>












</td>
<td style="background-color: #dcdcdc; padding: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #000000 !important;">
<p style="font-size: 9pt; line-height: 108%; margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">12/31/2022</font></p>












</td>
<td colspan="2" style="background-color: #dcdcdc; padding: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #000000 !important;">
<p style="font-size: 9pt; line-height: 108%; margin: 0px; text-align: center; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">12/31/2021</font></p>












</td>










</tr>
<tr style="height: 10px; margin: 0px; text-indent: 0px;">
<td style="background-color: #dcdcdc; padding: 0px 3.5px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; width: 10%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #000000 !important; border-left-width: 1px; border-left-style: solid; border-left-color: #000000 !important;">
<p style="font-size: 9pt; line-height: 108%; margin: 0pt 0pt 8pt; padding-left: 0px; padding-right: 0px; text-indent: 0pt;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">Total number of members</font></p>












</td>
<td style="padding: 0px 3.5px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; width: 10%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #000000 !important;">
<p style="font-size: 9pt; line-height: 108%; margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">5</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">.</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">30</font></p>












</td>
<td style="padding: 0px 3.5px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; width: 10%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #000000 !important;">
<p style="font-size: 9pt; line-height: 108%; margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">6</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">.</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">25</font></p>












</td>
<td style="padding: 0px 3.5px; vertical-align: middle; height: 10px; margin: 0pt 0pt 8pt; text-indent: 0px; width: 10%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #000000 !important;">
<p style="font-size: 9pt; line-height: 108%; margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">6</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">.</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">22</font></p>












</td>
<td style="padding: 0px 3.5px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; width: 10%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #000000 !important;">
<p style="font-size: 9pt; line-height: 108%; margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">9</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">.</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">30</font></p>












</td>
<td style="padding: 0px 3.5px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; width: 10%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #000000 !important;">
<p style="font-size: 9pt; line-height: 108%; margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">10</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">.</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">00</font></p>












</td>
<td style="padding: 0px 3.5px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; width: 10%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #000000 !important;">
<p style="font-size: 9pt; line-height: 108%; margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">11</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">.</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">00</font></p>












</td>
<td style="padding: 0px 3.5px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; width: 10%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #000000 !important;">
<p style="font-size: 9pt; line-height: 108%; margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">6</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">.</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">00</font></p>












</td>
<td style="padding: 0px 3.5px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; width: 10%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #000000 !important;">
<p style="font-size: 9pt; line-height: 108%; margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">6</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">.</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">00</font></p>












</td>
<td colspan="2" style="padding: 0px 3.5px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; width: 10%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #000000 !important;">
<p style="font-size: 9pt; line-height: 108%; margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">6</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">.</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">00</font></p>












</td>










</tr>
<tr style="height: 39px; margin: 0px; text-indent: 0px;">
<td style="background-color: #dcdcdc; padding: 0px 3.5px; vertical-align: middle; height: 39px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #000000 !important; border-left-width: 1px; border-left-style: solid; border-left-color: #000000 !important;">
<p style="font-size: 9pt; line-height: 108%; margin: 0pt 0pt 8pt; padding-left: 0px; padding-right: 0px; text-indent: 0pt;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">Number of compensated members</font></p>












</td>
<td style="padding: 0px 3.5px; vertical-align: middle; height: 39px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #000000 !important;">
<p style="font-size: 9pt; line-height: 108%; margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">5</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">.</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">30</font></p>












</td>
<td style="padding: 0px 3.5px; vertical-align: middle; height: 39px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #000000 !important;">
<p style="font-size: 9pt; line-height: 108%; margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">6</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">.</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">25</font></p>












</td>
<td style="padding: 0px 3.5px; vertical-align: middle; height: 39px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #000000 !important;">
<p style="font-size: 9pt; line-height: 108%; margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">6</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">.</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">22</font></p>












</td>
<td style="padding: 0px 3.5px; vertical-align: middle; height: 39px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #000000 !important;">
<p style="font-size: 9pt; line-height: 108%; margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">8</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">.</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">60</font></p>












</td>
<td style="padding: 0px 3.5px; vertical-align: middle; height: 39px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #000000 !important;">
<p style="font-size: 9pt; line-height: 108%; margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">10</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">.</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">00</font></p>












</td>
<td style="padding: 0px 3.5px; vertical-align: middle; height: 39px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #000000 !important;">
<p style="font-size: 9pt; line-height: 108%; margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">11</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">.</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">00</font></p>












</td>
<td style="padding: 0px 3.5px; vertical-align: middle; height: 39px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #000000 !important;">
<p style="font-size: 9pt; line-height: 108%; margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">3</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">.</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">00</font></p>












</td>
<td style="padding: 0px 3.5px; vertical-align: middle; height: 39px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #000000 !important;">
<p style="font-size: 9pt; line-height: 108%; margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">3</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">.</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">00</font></p>












</td>
<td colspan="2" style="padding: 0px 3.5px; vertical-align: middle; height: 39px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #000000 !important;">
<p style="font-size: 9pt; line-height: 108%; margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">3</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">.</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">00</font></p>












</td>










</tr>
<tr style="height: 23px; margin: 0px; text-indent: 0px;">
<td style="background-color: #dcdcdc; padding: 0px 3.5px; vertical-align: middle; height: 23px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #000000 !important; border-left-width: 1px; border-left-style: solid; border-left-color: #000000 !important;">
<p style="font-size: 9pt; line-height: 108%; margin: 0pt 0pt 8pt; padding-left: 0px; padding-right: 0px; text-indent: 0pt;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">Highest individual compensation </font></p>












</td>
<td style="padding: 0px 3.5px; vertical-align: middle; height: 23px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #000000 !important;">
<p style="font-size: 9pt; line-height: 108%; margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">21</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">,</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">026</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">.</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">5</font></p>












</td>
<td style="padding: 0px 3.5px; vertical-align: middle; height: 23px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #000000 !important;">
<p style="font-size: 9pt; line-height: 108%; margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">17</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">,</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">700</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">.</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">5</font></p>












</td>
<td style="padding: 0px 3.5px; vertical-align: middle; height: 23px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #000000 !important;">
<p style="font-size: 9pt; line-height: 108%; margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">16</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">,</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">115</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">.</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">8</font></p>












</td>
<td style="padding: 0px 3.5px; vertical-align: middle; height: 23px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #000000 !important;">
<p style="font-size: 9pt; line-height: 108%; margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">2</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">,</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">044</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">.</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">7</font></p>












</td>
<td style="padding: 0px 3.5px; vertical-align: middle; height: 23px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #000000 !important;">
<p style="font-size: 9pt; line-height: 108%; margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">2</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">,</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">100</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">.</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">0</font></p>












</td>
<td style="padding: 0px 3.5px; vertical-align: middle; height: 23px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #000000 !important;">
<p style="font-size: 9pt; line-height: 108%; margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">2</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">,</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">014</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">.</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">2</font></p>












</td>
<td style="padding: 0px 3.5px; vertical-align: middle; height: 23px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #000000 !important;">
<p style="font-size: 9pt; line-height: 108%; margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">352</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">.</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">6</font></p>












</td>
<td style="padding: 0px 3.5px; vertical-align: middle; height: 23px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #000000 !important;">
<p style="font-size: 9pt; line-height: 108%; margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">336</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">.</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">5</font></p>












</td>
<td colspan="2" style="padding: 0px 3.5px; vertical-align: middle; height: 23px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #000000 !important;">
<p style="font-size: 9pt; line-height: 108%; margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">244</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">.</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">8</font></p>












</td>










</tr>
<tr style="height: 23px; margin: 0px; text-indent: 0px;">
<td style="background-color: #dcdcdc; padding: 0px 3.5px; vertical-align: middle; height: 23px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #000000 !important; border-left-width: 1px; border-left-style: solid; border-left-color: #000000 !important;">
<p style="font-size: 9pt; line-height: 108%; margin: 0pt 0pt 8pt; padding-left: 0px; padding-right: 0px; text-indent: 0pt;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">Lowest individual compensation </font></p>












</td>
<td style="padding: 0px 3.5px; vertical-align: middle; height: 23px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #000000 !important;">
<p style="font-size: 9pt; line-height: 108%; margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">8</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">,</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">686</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">.</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">6</font></p>












</td>
<td style="padding: 0px 3.5px; vertical-align: middle; height: 23px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #000000 !important;">
<p style="font-size: 9pt; line-height: 108%; margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">6</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">,</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">317</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">.</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">4</font></p>












</td>
<td style="padding: 0px 3.5px; vertical-align: middle; height: 23px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #000000 !important;">
<p style="font-size: 9pt; line-height: 108%; margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">4</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">,</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">153</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">.</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">4</font></p>












</td>
<td style="padding: 0px 3.5px; vertical-align: middle; height: 23px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #000000 !important;">
<p style="font-size: 9pt; line-height: 108%; margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">978</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">.</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">9</font></p>












</td>
<td style="padding: 0px 3.5px; vertical-align: middle; height: 23px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #000000 !important;">
<p style="font-size: 9pt; line-height: 108%; margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">630</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">.</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">0</font></p>












</td>
<td style="padding: 0px 3.5px; vertical-align: middle; height: 23px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #000000 !important;">
<p style="font-size: 9pt; line-height: 108%; margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">799</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">.</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">2</font></p>












</td>
<td style="padding: 0px 3.5px; vertical-align: middle; height: 23px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #000000 !important;">
<p style="font-size: 9pt; line-height: 108%; margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">352</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">.</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">6</font></p>












</td>
<td style="padding: 0px 3.5px; vertical-align: middle; height: 23px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #000000 !important;">
<p style="font-size: 9pt; line-height: 108%; margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">230</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">.</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">0</font></p>












</td>
<td colspan="2" style="padding: 0px 3.5px; vertical-align: middle; height: 23px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #000000 !important;">
<p style="font-size: 9pt; line-height: 108%; margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">218</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">.</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">6</font></p>












</td>










</tr>
<tr style="height: 11px; margin: 0px; text-indent: 0px;">
<td style="background-color: #dcdcdc; padding: 0px 3.5px; vertical-align: middle; height: 11px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #000000 !important; border-left-width: 1px; border-left-style: solid; border-left-color: #000000 !important;">
<p style="font-size: 9pt; line-height: 108%; margin: 0pt 0pt 8pt; padding-left: 0px; padding-right: 0px; text-indent: 0pt;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">Average individual compensation </font></p>












</td>
<td style="padding: 0px 3.5px; vertical-align: middle; height: 11px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #000000 !important;">
<p style="font-size: 9pt; line-height: 108%; margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">11</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">,</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">868</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">.</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">3</font></p>












</td>
<td style="padding: 0px 3.5px; vertical-align: middle; height: 11px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #000000 !important;">
<p style="font-size: 9pt; line-height: 108%; margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">8</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">,</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">911</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">.</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">9</font></p>












</td>
<td style="padding: 0px 3.5px; vertical-align: middle; height: 11px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #000000 !important;">
<p style="font-size: 9pt; line-height: 108%; margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">7</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">,</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">920</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">.</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">3</font></p>












</td>
<td style="padding: 0px 3.5px; vertical-align: middle; height: 11px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #000000 !important;">
<p style="font-size: 9pt; line-height: 108%; margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">1</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">,</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">144</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">.</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">0</font></p>












</td>
<td style="padding: 0px 3.5px; vertical-align: middle; height: 11px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #000000 !important;">
<p style="font-size: 9pt; line-height: 108%; margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">1</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">,</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">026</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">.</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">8</font></p>












</td>
<td style="padding: 0px 3.5px; vertical-align: middle; height: 11px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #000000 !important;">
<p style="font-size: 9pt; line-height: 108%; margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">971</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">.</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">0</font></p>












</td>
<td style="padding: 0px 3.5px; vertical-align: middle; height: 11px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #000000 !important;">
<p style="font-size: 9pt; line-height: 108%; margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">276</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">.</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">1</font></p>












</td>
<td style="padding: 0px 3.5px; vertical-align: middle; height: 11px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #000000 !important;">
<p style="font-size: 9pt; line-height: 108%; margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">265</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">.</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">5</font></p>












</td>
<td colspan="2" style="padding: 0px 3.5px; vertical-align: middle; height: 11px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #000000 !important;">
<p style="font-size: 9pt; line-height: 108%; margin: 0px; text-align: right; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">252</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">.</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">7</font></p>












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</table>
<p style="margin: 0px; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">&nbsp;</font></p>
<p style="font-size: 8pt; line-height: 108%; margin: 0px; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 8pt; font-weight: bold;">Notes</font></p>
<p style="margin: 0px; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 8pt; font-weight: bold;">&nbsp;</font></p>
<table cellspacing="0" cellpadding="0" style="border-collapse: collapse; margin: 0px 0px 0px 0.1px; font-family: 'times new roman'; font-size: 10pt; width: 100%; text-indent: 0px; height: 71px;" width="100%">

<tr style="height: 20px; margin: 0px; text-indent: 0px;">
<td colspan="2" style="background-color: #dcdcdc; vertical-align: top; width: 765.3pt; margin: 0px; text-indent: 0px; padding-left: 0px; padding-right: 0px; height: 20px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #000000 !important; border-left-width: 1px; border-left-style: solid; border-left-color: #000000 !important;">
<p style="margin: 0px; text-align: center; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><font style="font-family: 'Century Gothic'; font-size: 8pt; font-weight: bold;">Statutory Executive Officers</font></p>












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</tr>
<tr style="height: 17px; margin: 0px; text-indent: 0px;">
<td style="background-color: #dcdcdc; vertical-align: top; width: 84.7pt; margin: 0px; text-indent: 0px; padding-left: 0px; padding-right: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #000000 !important; border-left-width: 1px; border-left-style: solid; border-left-color: #000000 !important;">
<p style="line-height: 10.1pt; margin: 0px; text-align: center; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><font style="font-family: 'Century Gothic'; font-size: 8pt; font-weight: bold;">12/31/2023</font></p>












</td>
<td style="vertical-align: top; width: 680.6pt; margin: 0px; text-indent: 0px; padding-left: 0px; padding-right: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #000000 !important; border-left-width: 1px; border-left-style: solid; border-left-color: #000000 !important;">
<p style="margin: 0px; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><font style="font-family: 'Century Gothic'; font-size: 8pt;">The lowest compensation does not include members who did not remain in the position for 12 months.</font></p>












</td>












</tr>
<tr style="height: 17px; margin: 0px; text-indent: 0px;">
<td style="background-color: #dcdcdc; vertical-align: top; width: 84.7pt; border-image: initial; margin: 0px; text-indent: 0px; padding-left: 0px; padding-right: 0px; height: 17px; border-width: 1px; border-color: #000000 !important; border-style: solid;">
<p style="line-height: 10.1pt; margin: 0px; text-align: center; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><font style="font-family: 'Century Gothic'; font-size: 8pt; font-weight: bold;">12/31/2022</font></p>












</td>
<td style="vertical-align: top; width: 680.6pt; margin: 0px; text-indent: 0px; padding-left: 0px; padding-right: 0px; height: 17px; border-width: 1px; border-color: #000000 !important; border-style: solid;">
<p style="margin: 0px; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><font style="font-family: 'Century Gothic'; font-size: 8pt;">The lowest compensation does not include members who did not remain in the position for 12 months.</font></p>












</td>












</tr>
<tr style="height: 17px; margin: 0px; text-indent: 0px;">
<td style="background-color: #dcdcdc; vertical-align: top; width: 84.7pt; border-image: initial; margin: 0px; text-indent: 0px; padding-left: 0px; padding-right: 0px; height: 17px; border-width: 1px; border-color: #000000 !important; border-style: solid;">
<p style="line-height: 10.1pt; margin: 0px; text-align: center; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><font style="font-family: 'Century Gothic'; font-size: 8pt; font-weight: bold;">12/31/2021</font></p>












</td>
<td style="vertical-align: top; width: 680.6pt; margin: 0px; text-indent: 0px; padding-left: 0px; padding-right: 0px; height: 17px; border-width: 1px; border-color: #000000 !important; border-style: solid;">
<p style="margin: 0px; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><font style="font-family: 'Century Gothic'; font-size: 8pt;">The lowest compensation does not include members who did not remain in the position for 12 months.</font></p>












</td>












</tr>

























</table>
<p style="margin: 0px; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 8pt; font-weight: bold;">&nbsp;</font></p>
<table cellspacing="0" cellpadding="0" style="border-collapse: collapse; margin: 0px 0px 0px 0.1px; font-family: 'times new roman'; font-size: 10pt; width: 100%; text-indent: 0px; height: 61px;" width="100%">

<tr style="height: 10px; margin: 0px; text-indent: 0px;">
<td colspan="2" style="background-color: #dcdcdc; vertical-align: top; width: 765.3pt; margin: 0px; text-indent: 0px; padding-left: 0px; padding-right: 0px; height: 10px; border-width: 1px; border-color: #000000 !important; border-style: solid;">
<p style="margin: 0px; text-align: center; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><font style="font-family: 'Century Gothic'; font-size: 8pt; font-weight: bold;">Board of Directors</font></p>












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<tr style="height: 17px; margin: 0px; text-indent: 0px;">
<td style="background-color: #dcdcdc; vertical-align: top; width: 84.7pt; margin: 0px; text-indent: 0px; padding-left: 0px; padding-right: 0px; height: 17px; border-width: 1px; border-color: #000000 !important; border-style: solid;">
<p style="line-height: 9.85pt; margin: 0px; text-align: center; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><font style="font-family: 'Century Gothic'; font-size: 8pt; font-weight: bold;">12/31/2023</font></p>












</td>
<td style="vertical-align: top; width: 680.6pt; margin: 0px; text-indent: 0px; padding-left: 0px; padding-right: 0px; height: 17px; border-width: 1px; border-color: #000000 !important; border-style: solid;">
<p style="margin: 0px; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><font style="font-family: 'Century Gothic'; font-size: 8pt;">The lowest compensation does not include members who did not remain in the position for 12 months.</font></p>












</td>












</tr>
<tr style="height: 17px; margin: 0px; text-indent: 0px;">
<td style="background-color: #dcdcdc; vertical-align: top; width: 84.7pt; margin: 0px; text-indent: 0px; padding-left: 0px; padding-right: 0px; height: 17px; border-width: 1px; border-color: #000000 !important; border-style: solid;">
<p style="line-height: 10.1pt; margin: 0px; text-align: center; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><font style="font-family: 'Century Gothic'; font-size: 8pt; font-weight: bold;">12/31/2022</font></p>












</td>
<td style="vertical-align: top; width: 680.6pt; margin: 0px; text-indent: 0px; padding-left: 0px; padding-right: 0px; height: 17px; border-width: 1px; border-color: #000000 !important; border-style: solid;">
<p style="margin: 0px; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><font style="font-family: 'Century Gothic'; font-size: 8pt;">The lowest compensation does not include members who did not remain in the position for 12 months.</font></p>












</td>












</tr>
<tr style="height: 17px; margin: 0px; text-indent: 0px;">
<td style="background-color: #dcdcdc; vertical-align: top; width: 84.7pt; margin: 0px; text-indent: 0px; padding-left: 0px; padding-right: 0px; height: 17px; border-width: 1px; border-color: #000000 !important; border-style: solid;">
<p style="line-height: 10.1pt; margin: 0px; text-align: center; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><font style="font-family: 'Century Gothic'; font-size: 8pt; font-weight: bold;">12/31/2021</font></p>












</td>
<td style="vertical-align: top; width: 680.6pt; margin: 0px; text-indent: 0px; padding-left: 0px; padding-right: 0px; height: 17px; border-width: 1px; border-color: #000000 !important; border-style: solid;">
<p style="margin: 0px; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><font style="font-family: 'Century Gothic'; font-size: 8pt;">The lowest compensation does not include members who did not remain in the position for 12 months.</font></p>












</td>












</tr>

























</table>
<p style="margin: 0px; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 8pt; font-weight: bold;">&nbsp;</font></p>
<table cellspacing="0" cellpadding="0" style="border-collapse: collapse; margin: 0px 0px 0px 0.1px; font-family: 'times new roman'; font-size: 10pt; width: 100%; text-indent: 0px; height: 61px;" width="100%">

<tr style="height: 10px; margin: 0px; text-indent: 0px;">
<td colspan="2" style="background-color: #dcdcdc; vertical-align: top; width: 765.3pt; margin: 0px; text-indent: 0px; padding-left: 0px; padding-right: 0px; height: 10px; border-width: 1px; border-color: #000000 !important; border-style: solid;">
<p style="margin: 0px; text-align: center; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><font style="font-family: 'Century Gothic'; font-size: 8pt; font-weight: bold;">Fiscal Council</font></p>












</td>












</tr>
<tr style="height: 17px; margin: 0px; text-indent: 0px;">
<td style="background-color: #dcdcdc; vertical-align: top; width: 84.7pt; margin: 0px; text-indent: 0px; padding-left: 0px; padding-right: 0px; height: 17px; border-width: 1px; border-color: #000000 !important; border-style: solid;">
<p style="line-height: 9.85pt; margin: 0px; text-align: center; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><font style="font-family: 'Century Gothic'; font-size: 8pt; font-weight: bold;">12/31/2023</font></p>












</td>
<td style="vertical-align: top; width: 680.6pt; margin: 0px; text-indent: 0px; padding-left: 0px; padding-right: 0px; height: 17px; border-width: 1px; border-color: #000000 !important; border-style: solid;">
<p style="margin: 0px; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><font style="font-family: 'Century Gothic'; font-size: 8pt;">The lowest compensation does not include members who did not remain in the position for 12 months.</font></p>












</td>












</tr>
<tr style="height: 17px; margin: 0px; text-indent: 0px;">
<td style="background-color: #dcdcdc; vertical-align: top; width: 84.7pt; margin: 0px; text-indent: 0px; padding-left: 0px; padding-right: 0px; height: 17px; border-width: 1px; border-color: #000000 !important; border-style: solid;">
<p style="line-height: 10.1pt; margin: 0px; text-align: center; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><font style="font-family: 'Century Gothic'; font-size: 8pt; font-weight: bold;">12/31/2022</font></p>












</td>
<td style="vertical-align: top; width: 680.6pt; margin: 0px; text-indent: 0px; padding-left: 0px; padding-right: 0px; height: 17px; border-width: 1px; border-color: #000000 !important; border-style: solid;">
<p style="margin: 0px; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><font style="font-family: 'Century Gothic'; font-size: 8pt;">The lowest compensation does not include members who did not remain in the position for 12 months.</font></p>












</td>












</tr>
<tr style="height: 17px; margin: 0px; text-indent: 0px;">
<td style="background-color: #dcdcdc; vertical-align: top; width: 84.7pt; margin: 0px; text-indent: 0px; padding-left: 0px; padding-right: 0px; height: 17px; border-width: 1px; border-color: #000000 !important; border-style: solid;">
<p style="line-height: 10.1pt; margin: 0px; text-align: center; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><font style="font-family: 'Century Gothic'; font-size: 8pt; font-weight: bold;">12/31/2021</font></p>












</td>
<td style="vertical-align: top; width: 680.6pt; margin: 0px; text-indent: 0px; padding-left: 0px; padding-right: 0px; height: 17px; border-width: 1px; border-color: #000000 !important; border-style: solid;">
<p style="margin: 0px; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><font style="font-family: 'Century Gothic'; font-size: 8pt;">The lowest compensation does not include members who did not remain in the position for 12 months.</font></p>












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</div>
<div style="font-family: 'times new roman', times; font-size: 10pt; margin: 0px; text-indent: 0px;">
<div>
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<td class="pgno" style="padding: 0px; text-align: center;"><font style="font-size: 10pt;" class="pageno"><font class='pageno'>102</font></font></td>







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<div style="font-family: 'times new roman', times; font-size: 10pt;"><br>
<div style="margin: 0px; text-indent: 0px;">
<div style="width: 8.5in; margin: 0 auto;">
<p style="font-size: 9pt; line-height: 120%; margin: 0px; break-after: avoid; break-inside: avoid; text-align: justify; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">8.16. - Describe agreements, insurance policies or other instruments that provide for management compensation or indemnification mechanisms in the event of removal from position or retirement, indicating what are the financial consequences for the issuer</font></p>
<p style="font-size: 9pt; line-height: 120%; margin: 0px; break-after: avoid; break-inside: avoid; text-align: justify; text-indent: 0px;"><br></p>
<p style="font-size: 9pt; line-height: 120%; margin: 0px; break-after: avoid; break-inside: avoid; text-align: justify; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">In addition to contributions to the FGTS system, Ultrapar implemented in 2010 a planned retirement policy that has been replaced by the end-of-career policy reviewed by the People Committee on April 2018 and amended on August 2020. Its purpose is to prepare executives for severance and structure succession plans within the organization. Application of the policy is discretionary and the amount of the resulting post-retirement benefits consists in potential additional compensation upon termination at the company&#8217;s initiative equivalent to 0.5 to 1.0 monthly salary per year of employment with the company, up to a ceiling of 9 monthly salaries. The condition precedent is a minimum of 5 years&#8217; engagement with the company and meeting the requirements for retirement via the INSS or Ultrapar&#8217;s supplementary pension scheme.</font></p>
<p style="font-size: 9pt; line-height: 120%; margin: 0px; break-after: avoid; break-inside: avoid; text-align: justify; text-indent: 0px;"><br></p>
<p style="font-size: 9pt; line-height: 120%; margin: 0px; text-align: justify; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">The company has in place liability policies for directors and officers (D&amp;O) to indemnify the members of the Board of Directors, Fiscal Council, officers and executives of Ultrapar and its subsidiaries (&#8220;Insured Parties&#8221;) up to an upper limit of R$ 80 million.</font></p>
<p style="font-size: 9pt; line-height: 120%; margin: 0px; text-align: justify; text-indent: 0px;"><br></p>
<p style="font-size: 9pt; line-height: 120%; margin: 0px; text-align: justify; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">The insurance policy covers indemnity for damages to third parties or to the Company arising from action or omission associated with the Insured Parties&#8217; job performance, including any claims filed against them, even if the action, omission or claim arises from willful misconduct. Since 2018, the D&amp;O policy has also provided for reimbursement to Insured Parties of fines and penalties in civil and administrative proceeding bargains, except where in connection with willful misconduct of the Insured Parties.</font></p>
<p style="font-size: 9pt; line-height: 120%; margin: 0px; text-align: justify; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;</font></p>
<p style="font-size: 9pt; line-height: 120%; margin: 0px; text-align: justify; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">8.17. - Concerning the last 3 fiscal years and estimated for the current fiscal year, indicate the percentage of the overall compensation payable to each body recognized in the issuer&#8217;s results related to members of the Board of Directors or the Fiscal Council, or Statutory Executive Officers who are related parties of the controlling shareholders, whether direct or indirect, according to accounting rules on the subject</font></p>
<p style="font-size: 9pt; line-height: 120%; margin: 0px; text-align: justify; text-indent: 0px;"><br></p>
<p style="font-size: 9pt; line-height: 120%; margin: 0px; text-align: justify; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">Ultra S.A. is currently the main individual shareholder of the company, with approximately 25% of the shares issued by Ultrapar. Prior to Ultrapar&#8217;s migration to the New Market corporate governance segment, in 2011, Ultra S.A. was the Company&#8217;s controlling shareholder and, as such, executed the agreement for B3&#8217;s New Market Listing on August 16, 2011, for the purposes of compliance with the New Market rules then in force.</font></p>
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<p style="font-size: 9pt; line-height: 120%; margin: 0px; text-align: justify; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">The percentages of the remuneration for members of the Board of Directors, Statutory Executive Officers, and Fiscal Council regarding related parties of Ultra S.A. are showed at the table below:</font></p>
<p style="font-size: 9pt; line-height: 120%; margin: 0px; text-align: justify; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;</font></p>
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<p style="font-size: 8pt; line-height: 120%; margin: 0px; text-align: center; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 8pt; font-weight: bold;">Year</font></p>












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<p style="font-size: 8pt; line-height: 120%; margin: 0px; text-align: center; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 8pt; font-weight: bold;">Board of Directors</font></p>












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<p style="font-size: 8pt; line-height: 120%; margin: 0px; text-align: center; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 8pt; font-weight: bold;">Statutory Executive Officers</font></p>












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<p style="font-size: 8pt; line-height: 120%; margin: 0px; text-align: center; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 8pt; font-weight: bold;">Fiscal Council</font></p>












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<p style="font-size: 8pt; line-height: 120%; margin: 0px; text-align: center; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 8pt; font-weight: bold;">2024 (</font><font style="font-family: 'Century Gothic'; font-size: 8pt; font-weight: bold;">projection)</font></p>












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<p style="font-size: 8pt; line-height: 120%; margin: 0px; text-align: center; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 8pt;">10%</font></p>












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<p style="font-size: 8pt; line-height: 120%; margin: 0px; text-align: center; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 8pt;">37%</font></p>












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<p style="font-size: 8pt; line-height: 120%; margin: 0px; text-align: center; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 8pt;">0%</font></p>












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<p style="font-size: 8pt; line-height: 120%; margin: 0px; text-align: center; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 8pt; font-weight: bold;">2023</font></p>












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<p style="font-size: 8pt; line-height: 120%; margin: 0px; text-align: center; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 8pt;">7%</font></p>












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<p style="font-size: 8pt; line-height: 120%; margin: 0px; text-align: center; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 8pt;">33%</font></p>












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<p style="font-size: 8pt; line-height: 120%; margin: 0px; text-align: center; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 8pt;">0%</font></p>












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<p style="font-size: 8pt; line-height: 120%; margin: 0px; text-align: center; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 8pt; font-weight: bold;">2022</font></p>












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<p style="font-size: 8pt; line-height: 120%; margin: 0px; text-align: center; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 8pt;">35%</font></p>












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<p style="font-size: 8pt; line-height: 120%; margin: 0px; text-align: center; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 8pt;">32%</font></p>












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<p style="font-size: 8pt; line-height: 120%; margin: 0px; text-align: center; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 8pt;">0%</font></p>












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<p style="font-size: 8pt; line-height: 120%; margin: 0px; text-align: center; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 8pt; font-weight: bold;">2021</font></p>












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<p style="font-size: 8pt; line-height: 120%; margin: 0px; text-align: center; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 8pt;">48%</font></p>












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<p style="font-size: 8pt; line-height: 120%; margin: 0px; text-align: center; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 8pt;">0%</font></p>












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<p style="font-size: 8pt; line-height: 120%; margin: 0px; text-align: center; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 8pt;">0%</font></p>












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<p style="font-size: 9pt; line-height: 120%; margin: 0px; text-align: justify; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;</font></p>
<p style="font-size: 9pt; line-height: 120%; margin: 0px; text-align: justify; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;</font></p>
<p style="font-size: 9pt; line-height: 120%; margin: 0px; text-align: justify; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">8.18. - Concerning the last 3 fiscal years and estimated for the current fiscal year, indicate the amounts recognized in the issuer&#8217;s results as compensation of members of the Board of Directors and Fiscal Council or Statutory Executive Officers, grouped by corporate body, for any reason </font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">other than the respective positions held by such members, such as commissions and consulting or advisory services provided</font></p>
<p style="font-size: 9pt; line-height: 120%; margin: 0px; text-align: justify; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;&nbsp;</font></p>
<p style="font-size: 9pt; line-height: 120%; margin: 0px; text-align: justify; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">Members of the Board of Directors, the Fiscal Council and Statutory Executive Officers earned no compensation other than that associated with the positions held in the Company or its subsidiaries. </font></p>
<p style="font-size: 9pt; line-height: 120%; margin: 0px; text-align: justify; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">It should be noted that, if any Statutory Executive Officer of the Company also holds a position on the Board of Directors, he/she will be remunerated exclusively for his position as an Executive Officer.</font></p>
<p style="font-size: 9pt; line-height: 120%; margin: 0px; text-align: justify; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">&nbsp; &nbsp;</font></p>
<p style="font-size: 9pt; line-height: 120%; margin: 0px; text-align: justify; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">8.19.<font style="color: #000000; font-family: 'Century Gothic'; font-size: 12px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: bold; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;"><font>&nbsp;</font>-<font>&nbsp;</font></font>Concerning the last 3 fiscal years and estimated for the current fiscal year, indicate the amounts recognized in the results of the issuer&#8217;s direct or indirect controlling shareholders, companies under common control and subsidiaries of the issuer, as compensation to the members of the Board of Directors and Fiscal Council or Statutory Executive Officers, grouped by corporate body, specifying how these amounts were allocated to such individuals</font></p>
<p style="font-size: 9pt; line-height: 120%; margin: 0px; text-align: justify; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;&nbsp;</font></p>
<p style="font-size: 9pt; line-height: 120%; margin: 0px; text-align: justify; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">The entire compensation of the Board of Directors and Fiscal Council is paid by the Company directly.</font></p>
<p style="font-size: 9pt; line-height: 120%; margin: 0px; text-align: justify; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">For the Statutory Executive Officers, part of the compensation is directly recognized by the Company, and the remaining part is supported by its subsidiaries. The table below lists the amounts recognized in the issuer's and its subsidiaries' results.</font></p>
<p style="font-size: 11pt; line-height: 108%; margin: 0px; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 11pt;">&nbsp;</font></p>
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<p style="font-size: 7pt; line-height: 108%; margin: 0px; text-align: center; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">Statutory Executive Officers </font><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">- 2021</font></p>












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<p style="font-size: 7pt; line-height: 108%; margin: 0px; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">(</font><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">In thousands of Brazilian </font><font style="font-family: 'Century Gothic'; font-size: 7pt; font-style: italic; font-weight: bold;">Reais</font><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">)</font></p>












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<p style="font-size: 7pt; line-height: 108%; margin: 0px; text-align: center; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">Ultrapar Participa&#231;&#245;es S.A.</font></p>












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<p style="font-size: 7pt; line-height: 108%; margin: 0px; text-align: center; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">Companhia Ultragaz S.A.</font></p>












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<p style="font-size: 7pt; line-height: 108%; margin: 0px; text-align: center; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">Ipiranga Produtos de Petr&#243;leo S.A.</font></p>












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<p style="font-size: 7pt; line-height: 108%; margin: 0px; text-align: center; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">Empresa Carioca de Produtos Qu&#237;micos S.A.</font></p>












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<p style="font-size: 7pt; line-height: 108%; margin: 0px; text-align: center; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">Oxiteno S.A. Ind&#250;stria e Com&#233;rcio</font></p>












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<p style="font-size: 7pt; line-height: 108%; margin: 0px; text-align: center; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">Ultracargo Log&#237;stica S.A.</font></p>












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<p style="font-size: 7pt; line-height: 108%; margin: 0px; text-align: center; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">Total</font></p>












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<td style="background-color: #ffffff; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; height: 10px; width: 20%;">
<p style="font-size: 7pt; line-height: 108%; margin: 0px; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">Annual fixed compensation </font></p>












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<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; height: 10px; width: 12%;">
<p style="font-size: 7pt; line-height: 108%; margin: 0px; text-align: center; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">7</font><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">,</font><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">067</font><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">.</font><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">8</font></p>












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<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; height: 10px; width: 12%;">
<p style="font-size: 7pt; line-height: 108%; margin: 0px; text-align: center; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">1</font><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">,</font><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">557</font><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">.</font><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">4</font></p>












</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; height: 10px; width: 12%;">
<p style="font-size: 7pt; line-height: 108%; margin: 0px; text-align: center; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">2</font><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">,</font><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">392</font><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">.</font><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">2</font></p>












</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; height: 10px; width: 11%;">
<p style="font-size: 7pt; line-height: 108%; margin: 0px; text-align: center; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">882</font><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">.</font><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">1</font></p>












</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; height: 10px; width: 11%;">
<p style="font-size: 7pt; line-height: 108%; margin: 0px; text-align: center; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">1</font><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">,</font><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">119</font><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">.</font><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">8</font></p>












</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; height: 10px; width: 11%;">
<p style="font-size: 7pt; line-height: 108%; margin: 0px; text-align: center; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">1</font><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">,</font><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">665</font><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">.</font><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">5</font></p>












</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; height: 10px; width: 11%;">
<p style="font-size: 7pt; line-height: 108%; margin: 0px; text-align: center; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">14</font><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">,</font><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">684</font><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">.</font><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">7</font></p>












</td>












</tr>
<tr style="height: 10px; margin: 0px; text-indent: 0px;">
<td style="background-color: #ffffff; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; margin: 0px; text-indent: 0px; height: 10px;">
<p style="font-size: 7pt; line-height: 108%; margin: 0px; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 7pt;">Salary / fee</font></p>












</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; margin: 0px; text-indent: 0px; height: 10px;">
<p style="font-size: 7pt; line-height: 108%; margin: 0px; text-align: center; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 7pt;">5</font><font style="font-family: 'Century Gothic'; font-size: 7pt;">,</font><font style="font-family: 'Century Gothic'; font-size: 7pt;">386</font><font style="font-family: 'Century Gothic'; font-size: 7pt;">.</font><font style="font-family: 'Century Gothic'; font-size: 7pt;">7</font></p>












</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; margin: 0px; text-indent: 0px; height: 10px;">
<p style="font-size: 7pt; line-height: 108%; margin: 0px; text-align: center; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 7pt;">1</font><font style="font-family: 'Century Gothic'; font-size: 7pt;">,</font><font style="font-family: 'Century Gothic'; font-size: 7pt;">176</font><font style="font-family: 'Century Gothic'; font-size: 7pt;">.</font><font style="font-family: 'Century Gothic'; font-size: 7pt;">7</font></p>












</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; margin: 0px; text-indent: 0px; height: 10px;">
<p style="font-size: 7pt; line-height: 108%; margin: 0px; text-align: center; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 7pt;">1</font><font style="font-family: 'Century Gothic'; font-size: 7pt;">,</font><font style="font-family: 'Century Gothic'; font-size: 7pt;">780</font><font style="font-family: 'Century Gothic'; font-size: 7pt;">.</font><font style="font-family: 'Century Gothic'; font-size: 7pt;">8</font></p>












</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; margin: 0px; text-indent: 0px; height: 10px;">
<p style="font-size: 7pt; line-height: 108%; margin: 0px; text-align: center; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 7pt;">738</font><font style="font-family: 'Century Gothic'; font-size: 7pt;">.</font><font style="font-family: 'Century Gothic'; font-size: 7pt;">5</font></p>












</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; margin: 0px; text-indent: 0px; height: 10px;">
<p style="font-size: 7pt; line-height: 108%; margin: 0px; text-align: center; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 7pt;">858</font><font style="font-family: 'Century Gothic'; font-size: 7pt;">.</font><font style="font-family: 'Century Gothic'; font-size: 7pt;">8</font></p>












</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; margin: 0px; text-indent: 0px; height: 10px;">
<p style="font-size: 7pt; line-height: 108%; margin: 0px; text-align: center; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 7pt;">1</font><font style="font-family: 'Century Gothic'; font-size: 7pt;">,</font><font style="font-family: 'Century Gothic'; font-size: 7pt;">255</font><font style="font-family: 'Century Gothic'; font-size: 7pt;">.</font><font style="font-family: 'Century Gothic'; font-size: 7pt;">0</font></p>












</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; margin: 0px; text-indent: 0px; height: 10px;">
<p style="font-size: 7pt; line-height: 108%; margin: 0px; text-align: center; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 7pt;">11</font><font style="font-family: 'Century Gothic'; font-size: 7pt;">,</font><font style="font-family: 'Century Gothic'; font-size: 7pt;">196</font><font style="font-family: 'Century Gothic'; font-size: 7pt;">.</font><font style="font-family: 'Century Gothic'; font-size: 7pt;">4</font></p>












</td>












</tr>
<tr style="height: 10px; margin: 0px; text-indent: 0px;">
<td style="background-color: #ffffff; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; margin: 0px; text-indent: 0px; height: 10px;">
<p style="font-size: 7pt; line-height: 108%; margin: 0px; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 7pt;">Direct and indirect benefits</font></p>












</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; margin: 0px; text-indent: 0px; height: 10px;">
<p style="font-size: 7pt; line-height: 108%; margin: 0px; text-align: center; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 7pt;">492</font><font style="font-family: 'Century Gothic'; font-size: 7pt;">.</font><font style="font-family: 'Century Gothic'; font-size: 7pt;">8</font></p>












</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; margin: 0px; text-indent: 0px; height: 10px;">
<p style="font-size: 7pt; line-height: 108%; margin: 0px; text-align: center; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 7pt;">134</font><font style="font-family: 'Century Gothic'; font-size: 7pt;">.</font><font style="font-family: 'Century Gothic'; font-size: 7pt;">6</font></p>












</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; margin: 0px; text-indent: 0px; height: 10px;">
<p style="font-size: 7pt; line-height: 108%; margin: 0px; text-align: center; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 7pt;">230</font><font style="font-family: 'Century Gothic'; font-size: 7pt;">.</font><font style="font-family: 'Century Gothic'; font-size: 7pt;">9</font></p>












</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; margin: 0px; text-indent: 0px; height: 10px;">
<p style="font-size: 7pt; line-height: 108%; margin: 0px; text-align: center; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 7pt;">0</font><font style="font-family: 'Century Gothic'; font-size: 7pt;">.</font><font style="font-family: 'Century Gothic'; font-size: 7pt;">0</font></p>












</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; margin: 0px; text-indent: 0px; height: 10px;">
<p style="font-size: 7pt; line-height: 108%; margin: 0px; text-align: center; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 7pt;">94</font><font style="font-family: 'Century Gothic'; font-size: 7pt;">.</font><font style="font-family: 'Century Gothic'; font-size: 7pt;">1</font></p>












</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; margin: 0px; text-indent: 0px; height: 10px;">
<p style="font-size: 7pt; line-height: 108%; margin: 0px; text-align: center; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 7pt;">133</font><font style="font-family: 'Century Gothic'; font-size: 7pt;">.</font><font style="font-family: 'Century Gothic'; font-size: 7pt;">8</font></p>












</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; margin: 0px; text-indent: 0px; height: 10px;">
<p style="font-size: 7pt; line-height: 108%; margin: 0px; text-align: center; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 7pt;">1</font><font style="font-family: 'Century Gothic'; font-size: 7pt;">,</font><font style="font-family: 'Century Gothic'; font-size: 7pt;">086</font><font style="font-family: 'Century Gothic'; font-size: 7pt;">.</font><font style="font-family: 'Century Gothic'; font-size: 7pt;">2</font></p>












</td>












</tr>
<tr style="height: 10px; margin: 0px; text-indent: 0px;">
<td style="background-color: #ffffff; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; margin: 0px; text-indent: 0px; height: 10px;">
<p style="font-size: 7pt; line-height: 108%; margin: 0px; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 7pt;">Others</font></p>












</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; margin: 0px; text-indent: 0px; height: 10px;">
<p style="font-size: 7pt; line-height: 108%; margin: 0px; text-align: center; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 7pt;">1</font><font style="font-family: 'Century Gothic'; font-size: 7pt;">,</font><font style="font-family: 'Century Gothic'; font-size: 7pt;">188</font><font style="font-family: 'Century Gothic'; font-size: 7pt;">.</font><font style="font-family: 'Century Gothic'; font-size: 7pt;">3</font></p>












</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; margin: 0px; text-indent: 0px; height: 10px;">
<p style="font-size: 7pt; line-height: 108%; margin: 0px; text-align: center; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 7pt;">246</font><font style="font-family: 'Century Gothic'; font-size: 7pt;">.</font><font style="font-family: 'Century Gothic'; font-size: 7pt;">1</font></p>












</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; margin: 0px; text-indent: 0px; height: 10px;">
<p style="font-size: 7pt; line-height: 108%; margin: 0px; text-align: center; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 7pt;">380</font><font style="font-family: 'Century Gothic'; font-size: 7pt;">.</font><font style="font-family: 'Century Gothic'; font-size: 7pt;">5</font></p>












</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; margin: 0px; text-indent: 0px; height: 10px;">
<p style="font-size: 7pt; line-height: 108%; margin: 0px; text-align: center; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 7pt;">143</font><font style="font-family: 'Century Gothic'; font-size: 7pt;">.</font><font style="font-family: 'Century Gothic'; font-size: 7pt;">6</font></p>












</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; margin: 0px; text-indent: 0px; height: 10px;">
<p style="font-size: 7pt; line-height: 108%; margin: 0px; text-align: center; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 7pt;">167</font><font style="font-family: 'Century Gothic'; font-size: 7pt;">.</font><font style="font-family: 'Century Gothic'; font-size: 7pt;">0</font></p>












</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; margin: 0px; text-indent: 0px; height: 10px;">
<p style="font-size: 7pt; line-height: 108%; margin: 0px; text-align: center; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 7pt;">276</font><font style="font-family: 'Century Gothic'; font-size: 7pt;">.</font><font style="font-family: 'Century Gothic'; font-size: 7pt;">7</font></p>












</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; margin: 0px; text-indent: 0px; height: 10px;">
<p style="font-size: 7pt; line-height: 108%; margin: 0px; text-align: center; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 7pt;">2</font><font style="font-family: 'Century Gothic'; font-size: 7pt;">,</font><font style="font-family: 'Century Gothic'; font-size: 7pt;">402</font><font style="font-family: 'Century Gothic'; font-size: 7pt;">.</font><font style="font-family: 'Century Gothic'; font-size: 7pt;">2</font></p>












</td>












</tr>
<tr style="height: 10px; margin: 0px; text-indent: 0px;">
<td style="background-color: #ffffff; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; margin: 0px; text-indent: 0px; height: 10px;">
<p style="font-size: 7pt; line-height: 108%; margin: 0px; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">Variable compensation</font></p>












</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; margin: 0px; text-indent: 0px; height: 10px;">
<p style="font-size: 7pt; line-height: 108%; margin: 0px; text-align: center; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">7</font><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">,</font><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">205</font><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">.</font><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">0</font></p>












</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; margin: 0px; text-indent: 0px; height: 10px;">
<p style="font-size: 7pt; line-height: 108%; margin: 0px; text-align: center; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">1</font><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">,</font><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">365</font><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">.</font><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">0</font></p>












</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; margin: 0px; text-indent: 0px; height: 10px;">
<p style="font-size: 7pt; line-height: 108%; margin: 0px; text-align: center; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">2</font><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">,</font><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">130</font><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">.</font><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">6</font></p>












</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; margin: 0px; text-indent: 0px; height: 10px;">
<p style="font-size: 7pt; line-height: 108%; margin: 0px; text-align: center; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">971</font><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">.</font><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">8</font></p>












</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; margin: 0px; text-indent: 0px; height: 10px;">
<p style="font-size: 7pt; line-height: 108%; margin: 0px; text-align: center; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">1</font><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">,</font><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">130</font><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">.</font><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">1</font></p>












</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; margin: 0px; text-indent: 0px; height: 10px;">
<p style="font-size: 7pt; line-height: 108%; margin: 0px; text-align: center; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">1</font><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">,</font><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">495</font><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">.</font><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">0</font></p>












</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; margin: 0px; text-indent: 0px; height: 10px;">
<p style="font-size: 7pt; line-height: 108%; margin: 0px; text-align: center; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">14</font><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">,</font><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">297</font><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">.</font><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">4</font></p>












</td>












</tr>
<tr style="height: 10px; margin: 0px; text-indent: 0px;">
<td style="background-color: #ffffff; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; margin: 0px; text-indent: 0px; height: 10px;">
<p style="font-size: 7pt; line-height: 108%; margin: 0px; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 7pt;">Profit sharing</font></p>












</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; margin: 0px; text-indent: 0px; height: 10px;">
<p style="font-size: 7pt; line-height: 108%; margin: 0px; text-align: center; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 7pt;">7</font><font style="font-family: 'Century Gothic'; font-size: 7pt;">,</font><font style="font-family: 'Century Gothic'; font-size: 7pt;">205</font><font style="font-family: 'Century Gothic'; font-size: 7pt;">.</font><font style="font-family: 'Century Gothic'; font-size: 7pt;">0</font></p>












</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; margin: 0px; text-indent: 0px; height: 10px;">
<p style="font-size: 7pt; line-height: 108%; margin: 0px; text-align: center; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 7pt;">1</font><font style="font-family: 'Century Gothic'; font-size: 7pt;">,</font><font style="font-family: 'Century Gothic'; font-size: 7pt;">365</font><font style="font-family: 'Century Gothic'; font-size: 7pt;">.</font><font style="font-family: 'Century Gothic'; font-size: 7pt;">0</font></p>












</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; margin: 0px; text-indent: 0px; height: 10px;">
<p style="font-size: 7pt; line-height: 108%; margin: 0px; text-align: center; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 7pt;">2</font><font style="font-family: 'Century Gothic'; font-size: 7pt;">,</font><font style="font-family: 'Century Gothic'; font-size: 7pt;">130</font><font style="font-family: 'Century Gothic'; font-size: 7pt;">.</font><font style="font-family: 'Century Gothic'; font-size: 7pt;">6</font></p>












</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; margin: 0px; text-indent: 0px; height: 10px;">
<p style="font-size: 7pt; line-height: 108%; margin: 0px; text-align: center; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 7pt;">971</font><font style="font-family: 'Century Gothic'; font-size: 7pt;">.</font><font style="font-family: 'Century Gothic'; font-size: 7pt;">8</font></p>












</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; margin: 0px; text-indent: 0px; height: 10px;">
<p style="font-size: 7pt; line-height: 108%; margin: 0px; text-align: center; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 7pt;">1</font><font style="font-family: 'Century Gothic'; font-size: 7pt;">,</font><font style="font-family: 'Century Gothic'; font-size: 7pt;">130</font><font style="font-family: 'Century Gothic'; font-size: 7pt;">.</font><font style="font-family: 'Century Gothic'; font-size: 7pt;">1</font></p>












</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; margin: 0px; text-indent: 0px; height: 10px;">
<p style="font-size: 7pt; line-height: 108%; margin: 0px; text-align: center; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 7pt;">1</font><font style="font-family: 'Century Gothic'; font-size: 7pt;">,</font><font style="font-family: 'Century Gothic'; font-size: 7pt;">495</font><font style="font-family: 'Century Gothic'; font-size: 7pt;">.</font><font style="font-family: 'Century Gothic'; font-size: 7pt;">0</font></p>












</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; margin: 0px; text-indent: 0px; height: 10px;">
<p style="font-size: 7pt; line-height: 108%; margin: 0px; text-align: center; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 7pt;">14</font><font style="font-family: 'Century Gothic'; font-size: 7pt;">,</font><font style="font-family: 'Century Gothic'; font-size: 7pt;">297</font><font style="font-family: 'Century Gothic'; font-size: 7pt;">.</font><font style="font-family: 'Century Gothic'; font-size: 7pt;">4</font></p>












</td>












</tr>
<tr style="height: 10px; margin: 0px; text-indent: 0px;">
<td style="background-color: #ffffff; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; margin: 0px; text-indent: 0px; height: 10px;">
<p style="font-size: 7pt; line-height: 108%; margin: 0px; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 7pt;">Others</font></p>












</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; margin: 0px; text-indent: 0px; height: 10px;">
<p style="font-size: 7pt; line-height: 108%; margin: 0px; text-align: center; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 7pt;">0</font><font style="font-family: 'Century Gothic'; font-size: 7pt;">.</font><font style="font-family: 'Century Gothic'; font-size: 7pt;">0</font></p>












</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; margin: 0px; text-indent: 0px; height: 10px;">
<p style="font-size: 7pt; line-height: 108%; margin: 0px; text-align: center; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 7pt;">0</font><font style="font-family: 'Century Gothic'; font-size: 7pt;">.</font><font style="font-family: 'Century Gothic'; font-size: 7pt;">0</font></p>












</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; margin: 0px; text-indent: 0px; height: 10px;">
<p style="font-size: 7pt; line-height: 108%; margin: 0px; text-align: center; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 7pt;">0</font><font style="font-family: 'Century Gothic'; font-size: 7pt;">.</font><font style="font-family: 'Century Gothic'; font-size: 7pt;">0</font></p>












</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; margin: 0px; text-indent: 0px; height: 10px;">
<p style="font-size: 7pt; line-height: 108%; margin: 0px; text-align: center; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 7pt;">0</font><font style="font-family: 'Century Gothic'; font-size: 7pt;">.</font><font style="font-family: 'Century Gothic'; font-size: 7pt;">0</font></p>












</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; margin: 0px; text-indent: 0px; height: 10px;">
<p style="font-size: 7pt; line-height: 108%; margin: 0px; text-align: center; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 7pt;">0</font><font style="font-family: 'Century Gothic'; font-size: 7pt;">.</font><font style="font-family: 'Century Gothic'; font-size: 7pt;">0</font></p>












</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; margin: 0px; text-indent: 0px; height: 10px;">
<p style="font-size: 7pt; line-height: 108%; margin: 0px; text-align: center; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 7pt;">0</font><font style="font-family: 'Century Gothic'; font-size: 7pt;">.</font><font style="font-family: 'Century Gothic'; font-size: 7pt;">0</font></p>












</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; margin: 0px; text-indent: 0px; height: 10px;">
<p style="font-size: 7pt; line-height: 108%; margin: 0px; text-align: center; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 7pt;">0</font><font style="font-family: 'Century Gothic'; font-size: 7pt;">.</font><font style="font-family: 'Century Gothic'; font-size: 7pt;">0</font></p>












</td>












</tr>
<tr style="height: 10px; margin: 0px; text-indent: 0px;">
<td style="background-color: #ffffff; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; margin: 0px; text-indent: 0px; height: 10px;">
<p style="font-size: 7pt; line-height: 108%; margin: 0px; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">Post-employment benefits</font></p>












</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; margin: 0px; text-indent: 0px; height: 10px;">
<p style="font-size: 7pt; line-height: 108%; margin: 0px; text-align: center; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">617</font><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">.</font><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">1</font></p>












</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; margin: 0px; text-indent: 0px; height: 10px;">
<p style="font-size: 7pt; line-height: 108%; margin: 0px; text-align: center; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">118</font><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">.</font><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">6</font></p>












</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; margin: 0px; text-indent: 0px; height: 10px;">
<p style="font-size: 7pt; line-height: 108%; margin: 0px; text-align: center; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">212</font><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">.</font><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">1</font></p>












</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; margin: 0px; text-indent: 0px; height: 10px;">
<p style="font-size: 7pt; line-height: 108%; margin: 0px; text-align: center; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">0</font><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">.</font><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">0</font></p>












</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; margin: 0px; text-indent: 0px; height: 10px;">
<p style="font-size: 7pt; line-height: 108%; margin: 0px; text-align: center; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">168</font><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">.</font><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">8</font></p>












</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; margin: 0px; text-indent: 0px; height: 10px;">
<p style="font-size: 7pt; line-height: 108%; margin: 0px; text-align: center; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">143</font><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">.</font><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">9</font></p>












</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; margin: 0px; text-indent: 0px; height: 10px;">
<p style="font-size: 7pt; line-height: 108%; margin: 0px; text-align: center; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">1</font><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">,</font><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">260</font><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">.</font><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">5</font></p>












</td>












</tr>
<tr style="height: 17px; margin: 0px; text-indent: 0px;">
<td style="background-color: #ffffff; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; margin: 0px; text-indent: 0px; height: 17px;">
<p style="font-size: 7pt; line-height: 108%; margin: 0px; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">Benefits due to the interruption in the exercise of the position</font></p>












</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; margin: 0px; text-indent: 0px; height: 17px;">
<p style="font-size: 7pt; line-height: 108%; margin: 0px; text-align: center; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">4</font><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">,</font><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">978</font><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">.</font><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">3</font></p>












</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; margin: 0px; text-indent: 0px; height: 17px;">
<p style="font-size: 7pt; line-height: 108%; margin: 0px; text-align: center; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">0</font><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">.</font><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">0</font></p>












</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; margin: 0px; text-indent: 0px; height: 17px;">
<p style="font-size: 7pt; line-height: 108%; margin: 0px; text-align: center; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">0</font><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">.</font><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">0</font></p>












</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; margin: 0px; text-indent: 0px; height: 17px;">
<p style="font-size: 7pt; line-height: 108%; margin: 0px; text-align: center; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">0</font><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">.</font><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">0</font></p>












</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; margin: 0px; text-indent: 0px; height: 17px;">
<p style="font-size: 7pt; line-height: 108%; margin: 0px; text-align: center; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">0</font><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">.</font><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">0</font></p>












</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; margin: 0px; text-indent: 0px; height: 17px;">
<p style="font-size: 7pt; line-height: 108%; margin: 0px; text-align: center; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">0</font><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">.</font><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">0</font></p>












</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; margin: 0px; text-indent: 0px; height: 17px;">
<p style="font-size: 7pt; line-height: 108%; margin: 0px; text-align: center; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">4</font><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">,</font><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">978</font><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">.</font><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">3</font></p>












</td>












</tr>
<tr style="height: 17px; margin: 0px; text-indent: 0px;">
<td style="background-color: #ffffff; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; margin: 0px; text-indent: 0px; height: 17px;">
<p style="font-size: 7pt; line-height: 108%; margin: 0px; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">Stock-based compensation</font></p>












</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; margin: 0px; text-indent: 0px; height: 17px;">
<p style="font-size: 7pt; line-height: 108%; margin: 0px; text-align: center; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">9</font><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">,</font><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">124</font><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">.</font><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">5</font></p>












</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; margin: 0px; text-indent: 0px; height: 17px;">
<p style="font-size: 7pt; line-height: 108%; margin: 0px; text-align: center; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">1</font><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">,</font><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">112</font><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">.</font><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">5</font></p>












</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; margin: 0px; text-indent: 0px; height: 17px;">
<p style="font-size: 7pt; line-height: 108%; margin: 0px; text-align: center; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">1</font><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">,</font><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">787</font><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">.</font><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">8</font></p>












</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; margin: 0px; text-indent: 0px; height: 17px;">
<p style="font-size: 7pt; line-height: 108%; margin: 0px; text-align: center; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">0</font><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">.</font><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">0</font></p>












</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; margin: 0px; text-indent: 0px; height: 17px;">
<p style="font-size: 7pt; line-height: 108%; margin: 0px; text-align: center; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">725</font><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">.</font><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">0</font></p>












</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; margin: 0px; text-indent: 0px; height: 17px;">
<p style="font-size: 7pt; line-height: 108%; margin: 0px; text-align: center; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">1</font><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">,</font><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">311</font><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">.</font><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">2</font></p>












</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; margin: 0px; text-indent: 0px; height: 17px;">
<p style="font-size: 7pt; line-height: 108%; margin: 0px; text-align: center; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">14</font><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">,</font><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">061</font><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">.</font><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">0</font></p>












</td>












</tr>
<tr style="height: 15px; margin: 0px; text-indent: 0px;">
<td style="background-color: #ffffff; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; margin: 0px; text-indent: 0px; height: 15px;">
<p style="font-size: 7pt; line-height: 108%; margin: 0px; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">Total compensation</font></p>












</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; margin: 0px; text-indent: 0px; height: 15px;">
<p style="font-size: 7pt; line-height: 108%; margin: 0px; text-align: center; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">28</font><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">,</font><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">992</font><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">.</font><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">8</font></p>












</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; margin: 0px; text-indent: 0px; height: 15px;">
<p style="font-size: 7pt; line-height: 108%; margin: 0px; text-align: center; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">4</font><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">,</font><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">153</font><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">.</font><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">4</font></p>












</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; margin: 0px; text-indent: 0px; height: 15px;">
<p style="font-size: 7pt; line-height: 108%; margin: 0px; text-align: center; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">6</font><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">,</font><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">522</font><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">.</font><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">7</font></p>












</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; margin: 0px; text-indent: 0px; height: 15px;">
<p style="font-size: 7pt; line-height: 108%; margin: 0px; text-align: center; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">1</font><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">,</font><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">853</font><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">.</font><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">9</font></p>












</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; margin: 0px; text-indent: 0px; height: 15px;">
<p style="font-size: 7pt; line-height: 108%; margin: 0px; text-align: center; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">3</font><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">,</font><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">143</font><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">.</font><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">7</font></p>












</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; margin: 0px; text-indent: 0px; height: 15px;">
<p style="font-size: 7pt; line-height: 108%; margin: 0px; text-align: center; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">4</font><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">,</font><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">615</font><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">.</font><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">5</font></p>












</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; margin: 0px; text-indent: 0px; height: 15px;">
<p style="font-size: 7pt; line-height: 108%; margin: 0px; text-align: center; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">49</font><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">,</font><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">282</font><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">.</font><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">0</font></p>












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<p style="font-size: 11pt; line-height: 108%; margin: 0px; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 11pt;">&nbsp;</font></p>




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







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<td colspan="11" style="background-color: #ffffff; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;">
<p style="font-size: 7pt; line-height: 108%; margin: 0px; text-align: center; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">Statutory Executive Officers </font><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">- 2022</font></p>












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<tr style="height: 27.95pt; margin: 0px; text-indent: 0px;">
<td rowspan="2" style="background-color: #ffffff; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;">
<p style="font-size: 7pt; line-height: 108%; margin: 0px; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">(</font><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">In thousands of Brazilian </font><font style="font-family: 'Century Gothic'; font-size: 7pt; font-style: italic; font-weight: bold;">Reais</font><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">)</font></p>












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<td colspan="2" rowspan="2" style="background-color: #ffffff; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;">
<p style="font-size: 7pt; line-height: 108%; margin: 0px; text-align: center; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">Ultrapar Participa&#231;&#245;es S.A.</font></p>












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<td rowspan="2" style="background-color: #ffffff; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;">
<p style="font-size: 7pt; line-height: 108%; margin: 0px; text-align: center; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">Companhia Ultragaz S.A.</font></p>












</td>
<td rowspan="2" style="background-color: #ffffff; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;">
<p style="font-size: 7pt; line-height: 108%; margin: 0px; text-align: center; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">Ipiranga Produtos de Petr&#243;leo S.A.</font></p>












</td>
<td colspan="2" rowspan="2" style="background-color: #ffffff; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;">
<p style="font-size: 7pt; line-height: 108%; margin: 0px; text-align: center; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">Empresa Carioca de Produtos Qu&#237;micos S.A.</font></p>












</td>
<td colspan="2" rowspan="2" style="background-color: #ffffff; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;">
<p style="font-size: 7pt; line-height: 108%; margin: 0px; text-align: center; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">Oxiteno S.A. Ind&#250;stria e Com&#233;rcio</font></p>












</td>
<td rowspan="2" style="background-color: #ffffff; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;">
<p style="font-size: 7pt; line-height: 108%; margin: 0px; text-align: center; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">Ultracargo Log&#237;stica S.A.</font></p>












</td>
<td rowspan="2" style="background-color: #ffffff; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;">
<p style="font-size: 7pt; line-height: 108%; margin: 0px; text-align: center; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">Total</font></p>












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</tr>
<tr></tr>
<tr style="height: 8.5pt; margin: 0px; text-indent: 0px;">
<td style="background-color: #ffffff; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; margin: 0px; text-indent: 0px;">
<p style="font-size: 7pt; line-height: 108%; margin: 0px; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">Annual fixed compensation </font></p>












</td>
<td colspan="2" style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; margin: 0px; text-indent: 0px;">
<p style="font-size: 7pt; line-height: 108%; margin: 0px; text-align: center; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">9</font><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">,</font><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">593</font><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">.</font><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">1</font></p>












</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; margin: 0px; text-indent: 0px;">
<p style="font-size: 7pt; line-height: 108%; margin: 0px; text-align: center; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">1</font><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">,</font><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">869</font><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">.</font><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">7</font></p>












</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; margin: 0px; text-indent: 0px;">
<p style="font-size: 7pt; line-height: 108%; margin: 0px; text-align: center; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">2</font><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">,</font><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">034</font><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">.</font><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">0</font></p>












</td>
<td colspan="2" style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; margin: 0px; text-indent: 0px;">
<p style="font-size: 7pt; line-height: 108%; margin: 0px; text-align: center; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">183</font><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">.</font><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">4</font></p>












</td>
<td colspan="2" style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; margin: 0px; text-indent: 0px;">
<p style="font-size: 7pt; line-height: 108%; margin: 0px; text-align: center; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">228</font><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">.</font><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">1</font></p>












</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; margin: 0px; text-indent: 0px;">
<p style="font-size: 7pt; line-height: 108%; margin: 0px; text-align: center; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">1</font><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">,</font><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">843</font><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">.</font><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">6</font></p>












</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; margin: 0px; text-indent: 0px;">
<p style="font-size: 7pt; line-height: 108%; margin: 0px; text-align: center; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">15</font><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">,</font><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">752</font><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">.</font><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">0</font></p>












</td>








</tr>
<tr style="height: 8.5pt; margin: 0px; text-indent: 0px;">
<td style="background-color: #ffffff; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; margin: 0px; text-indent: 0px;">
<p style="font-size: 7pt; line-height: 108%; margin: 0px; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 7pt;">Salary / fee</font></p>












</td>
<td colspan="2" style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; margin: 0px; text-indent: 0px;">
<p style="font-size: 7pt; line-height: 108%; margin: 0px; text-align: center; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 7pt;">7</font><font style="font-family: 'Century Gothic'; font-size: 7pt;">,</font><font style="font-family: 'Century Gothic'; font-size: 7pt;">333</font><font style="font-family: 'Century Gothic'; font-size: 7pt;">.</font><font style="font-family: 'Century Gothic'; font-size: 7pt;">3</font></p>












</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; margin: 0px; text-indent: 0px;">
<p style="font-size: 7pt; line-height: 108%; margin: 0px; text-align: center; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 7pt;">1</font><font style="font-family: 'Century Gothic'; font-size: 7pt;">,</font><font style="font-family: 'Century Gothic'; font-size: 7pt;">404</font><font style="font-family: 'Century Gothic'; font-size: 7pt;">.</font><font style="font-family: 'Century Gothic'; font-size: 7pt;">5</font></p>












</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; margin: 0px; text-indent: 0px;">
<p style="font-size: 7pt; line-height: 108%; margin: 0px; text-align: center; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 7pt;">1</font><font style="font-family: 'Century Gothic'; font-size: 7pt;">,</font><font style="font-family: 'Century Gothic'; font-size: 7pt;">560</font><font style="font-family: 'Century Gothic'; font-size: 7pt;">.</font><font style="font-family: 'Century Gothic'; font-size: 7pt;">0</font></p>












</td>
<td colspan="2" style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; margin: 0px; text-indent: 0px;">
<p style="font-size: 7pt; line-height: 108%; margin: 0px; text-align: center; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 7pt;">143</font><font style="font-family: 'Century Gothic'; font-size: 7pt;">.</font><font style="font-family: 'Century Gothic'; font-size: 7pt;">6</font></p>












</td>
<td colspan="2" style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; margin: 0px; text-indent: 0px;">
<p style="font-size: 7pt; line-height: 108%; margin: 0px; text-align: center; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 7pt;">167</font><font style="font-family: 'Century Gothic'; font-size: 7pt;">.</font><font style="font-family: 'Century Gothic'; font-size: 7pt;">0</font></p>












</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; margin: 0px; text-indent: 0px;">
<p style="font-size: 7pt; line-height: 108%; margin: 0px; text-align: center; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 7pt;">1</font><font style="font-family: 'Century Gothic'; font-size: 7pt;">,</font><font style="font-family: 'Century Gothic'; font-size: 7pt;">400</font><font style="font-family: 'Century Gothic'; font-size: 7pt;">.</font><font style="font-family: 'Century Gothic'; font-size: 7pt;">0</font></p>












</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; margin: 0px; text-indent: 0px;">
<p style="font-size: 7pt; line-height: 108%; margin: 0px; text-align: center; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 7pt;">12</font><font style="font-family: 'Century Gothic'; font-size: 7pt;">,</font><font style="font-family: 'Century Gothic'; font-size: 7pt;">008</font><font style="font-family: 'Century Gothic'; font-size: 7pt;">.</font><font style="font-family: 'Century Gothic'; font-size: 7pt;">4</font></p>












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</tr>
<tr style="height: 8.5pt; margin: 0px; text-indent: 0px;">
<td style="background-color: #ffffff; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; margin: 0px; text-indent: 0px;">
<p style="font-size: 7pt; line-height: 108%; margin: 0px; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 7pt;">Direct and indirect benefits</font></p>












</td>
<td colspan="2" style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; margin: 0px; text-indent: 0px;">
<p style="font-size: 7pt; line-height: 108%; margin: 0px; text-align: center; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 7pt;">753</font><font style="font-family: 'Century Gothic'; font-size: 7pt;">.</font><font style="font-family: 'Century Gothic'; font-size: 7pt;">1</font></p>












</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; margin: 0px; text-indent: 0px;">
<p style="font-size: 7pt; line-height: 108%; margin: 0px; text-align: center; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 7pt;">159</font><font style="font-family: 'Century Gothic'; font-size: 7pt;">.</font><font style="font-family: 'Century Gothic'; font-size: 7pt;">2</font></p>












</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; margin: 0px; text-indent: 0px;">
<p style="font-size: 7pt; line-height: 108%; margin: 0px; text-align: center; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 7pt;">115</font><font style="font-family: 'Century Gothic'; font-size: 7pt;">.</font><font style="font-family: 'Century Gothic'; font-size: 7pt;">1</font></p>












</td>
<td colspan="2" style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; margin: 0px; text-indent: 0px;">
<p style="font-size: 7pt; line-height: 108%; margin: 0px; text-align: center; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 7pt;">3</font><font style="font-family: 'Century Gothic'; font-size: 7pt;">.</font><font style="font-family: 'Century Gothic'; font-size: 7pt;">9</font></p>












</td>
<td colspan="2" style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; margin: 0px; text-indent: 0px;">
<p style="font-size: 7pt; line-height: 108%; margin: 0px; text-align: center; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 7pt;">19</font><font style="font-family: 'Century Gothic'; font-size: 7pt;">.</font><font style="font-family: 'Century Gothic'; font-size: 7pt;">4</font></p>












</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; margin: 0px; text-indent: 0px;">
<p style="font-size: 7pt; line-height: 108%; margin: 0px; text-align: center; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 7pt;">125</font><font style="font-family: 'Century Gothic'; font-size: 7pt;">.</font><font style="font-family: 'Century Gothic'; font-size: 7pt;">3</font></p>












</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; margin: 0px; text-indent: 0px;">
<p style="font-size: 7pt; line-height: 108%; margin: 0px; text-align: center; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 7pt;">1</font><font style="font-family: 'Century Gothic'; font-size: 7pt;">,</font><font style="font-family: 'Century Gothic'; font-size: 7pt;">176</font><font style="font-family: 'Century Gothic'; font-size: 7pt;">.</font><font style="font-family: 'Century Gothic'; font-size: 7pt;">0</font></p>












</td>








</tr>
<tr style="height: 8.5pt; margin: 0px; text-indent: 0px;">
<td style="background-color: #ffffff; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; margin: 0px; text-indent: 0px;">
<p style="font-size: 7pt; line-height: 108%; margin: 0px; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 7pt;">Others</font></p>












</td>
<td colspan="2" style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; margin: 0px; text-indent: 0px;">
<p style="font-size: 7pt; line-height: 108%; margin: 0px; text-align: center; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 7pt;">1</font><font style="font-family: 'Century Gothic'; font-size: 7pt;">,</font><font style="font-family: 'Century Gothic'; font-size: 7pt;">506</font><font style="font-family: 'Century Gothic'; font-size: 7pt;">.</font><font style="font-family: 'Century Gothic'; font-size: 7pt;">7</font></p>












</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; margin: 0px; text-indent: 0px;">
<p style="font-size: 7pt; line-height: 108%; margin: 0px; text-align: center; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 7pt;">306</font><font style="font-family: 'Century Gothic'; font-size: 7pt;">.</font><font style="font-family: 'Century Gothic'; font-size: 7pt;">0</font></p>












</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; margin: 0px; text-indent: 0px;">
<p style="font-size: 7pt; line-height: 108%; margin: 0px; text-align: center; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 7pt;">358</font><font style="font-family: 'Century Gothic'; font-size: 7pt;">.</font><font style="font-family: 'Century Gothic'; font-size: 7pt;">9</font></p>












</td>
<td colspan="2" style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; margin: 0px; text-indent: 0px;">
<p style="font-size: 7pt; line-height: 108%; margin: 0px; text-align: center; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 7pt;">35</font><font style="font-family: 'Century Gothic'; font-size: 7pt;">.</font><font style="font-family: 'Century Gothic'; font-size: 7pt;">9</font></p>












</td>
<td colspan="2" style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; margin: 0px; text-indent: 0px;">
<p style="font-size: 7pt; line-height: 108%; margin: 0px; text-align: center; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 7pt;">41</font><font style="font-family: 'Century Gothic'; font-size: 7pt;">.</font><font style="font-family: 'Century Gothic'; font-size: 7pt;">7</font></p>












</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; margin: 0px; text-indent: 0px;">
<p style="font-size: 7pt; line-height: 108%; margin: 0px; text-align: center; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 7pt;">318</font><font style="font-family: 'Century Gothic'; font-size: 7pt;">.</font><font style="font-family: 'Century Gothic'; font-size: 7pt;">3</font></p>












</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; margin: 0px; text-indent: 0px;">
<p style="font-size: 7pt; line-height: 108%; margin: 0px; text-align: center; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 7pt;">2</font><font style="font-family: 'Century Gothic'; font-size: 7pt;">,</font><font style="font-family: 'Century Gothic'; font-size: 7pt;">567</font><font style="font-family: 'Century Gothic'; font-size: 7pt;">.</font><font style="font-family: 'Century Gothic'; font-size: 7pt;">6</font></p>












</td>








</tr>
<tr style="height: 8.5pt; margin: 0px; text-indent: 0px;">
<td style="background-color: #ffffff; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; margin: 0px; text-indent: 0px;">
<p style="font-size: 7pt; line-height: 108%; margin: 0px; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">Variable compensation</font></p>












</td>
<td colspan="2" style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; margin: 0px; text-indent: 0px;">
<p style="font-size: 7pt; line-height: 108%; margin: 0px; text-align: center; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">18</font><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">,</font><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">506</font><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">.</font><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">4</font></p>












</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; margin: 0px; text-indent: 0px;">
<p style="font-size: 7pt; line-height: 108%; margin: 0px; text-align: center; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">2</font><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">,</font><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">267</font><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">.</font><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">0</font></p>












</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; margin: 0px; text-indent: 0px;">
<p style="font-size: 7pt; line-height: 108%; margin: 0px; text-align: center; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">2</font><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">,</font><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">349</font><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">.</font><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">7</font></p>












</td>
<td colspan="2" style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; margin: 0px; text-indent: 0px;">
<p style="font-size: 7pt; line-height: 108%; margin: 0px; text-align: center; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">200</font><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">.</font><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">0</font></p>












</td>
<td colspan="2" style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; margin: 0px; text-indent: 0px;">
<p style="font-size: 7pt; line-height: 108%; margin: 0px; text-align: center; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">232</font><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">.</font><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">6</font></p>












</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; margin: 0px; text-indent: 0px;">
<p style="font-size: 7pt; line-height: 108%; margin: 0px; text-align: center; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">2</font><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">,</font><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">200</font><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">.</font><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">6</font></p>












</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; margin: 0px; text-indent: 0px;">
<p style="font-size: 7pt; line-height: 108%; margin: 0px; text-align: center; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">25</font><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">,</font><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">756</font><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">.</font><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">4</font></p>












</td>








</tr>
<tr style="height: 8.5pt; margin: 0px; text-indent: 0px;">
<td style="background-color: #ffffff; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; margin: 0px; text-indent: 0px;">
<p style="font-size: 7pt; line-height: 108%; margin: 0px; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 7pt;">Profit sharing</font></p>












</td>
<td colspan="2" style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; margin: 0px; text-indent: 0px;">
<p style="font-size: 7pt; line-height: 108%; margin: 0px; text-align: center; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 7pt;">18</font><font style="font-family: 'Century Gothic'; font-size: 7pt;">,</font><font style="font-family: 'Century Gothic'; font-size: 7pt;">506</font><font style="font-family: 'Century Gothic'; font-size: 7pt;">.</font><font style="font-family: 'Century Gothic'; font-size: 7pt;">4</font></p>












</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; margin: 0px; text-indent: 0px;">
<p style="font-size: 7pt; line-height: 108%; margin: 0px; text-align: center; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 7pt;">2</font><font style="font-family: 'Century Gothic'; font-size: 7pt;">,</font><font style="font-family: 'Century Gothic'; font-size: 7pt;">267</font><font style="font-family: 'Century Gothic'; font-size: 7pt;">.</font><font style="font-family: 'Century Gothic'; font-size: 7pt;">0</font></p>












</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; margin: 0px; text-indent: 0px;">
<p style="font-size: 7pt; line-height: 108%; margin: 0px; text-align: center; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 7pt;">2</font><font style="font-family: 'Century Gothic'; font-size: 7pt;">,</font><font style="font-family: 'Century Gothic'; font-size: 7pt;">349</font><font style="font-family: 'Century Gothic'; font-size: 7pt;">.</font><font style="font-family: 'Century Gothic'; font-size: 7pt;">7</font></p>












</td>
<td colspan="2" style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; margin: 0px; text-indent: 0px;">
<p style="font-size: 7pt; line-height: 108%; margin: 0px; text-align: center; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 7pt;">200</font><font style="font-family: 'Century Gothic'; font-size: 7pt;">.</font><font style="font-family: 'Century Gothic'; font-size: 7pt;">0</font></p>












</td>
<td colspan="2" style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; margin: 0px; text-indent: 0px;">
<p style="font-size: 7pt; line-height: 108%; margin: 0px; text-align: center; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 7pt;">232</font><font style="font-family: 'Century Gothic'; font-size: 7pt;">.</font><font style="font-family: 'Century Gothic'; font-size: 7pt;">6</font></p>












</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; margin: 0px; text-indent: 0px;">
<p style="font-size: 7pt; line-height: 108%; margin: 0px; text-align: center; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 7pt;">2</font><font style="font-family: 'Century Gothic'; font-size: 7pt;">,</font><font style="font-family: 'Century Gothic'; font-size: 7pt;">200</font><font style="font-family: 'Century Gothic'; font-size: 7pt;">.</font><font style="font-family: 'Century Gothic'; font-size: 7pt;">6</font></p>












</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; margin: 0px; text-indent: 0px;">
<p style="font-size: 7pt; line-height: 108%; margin: 0px; text-align: center; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 7pt;">25</font><font style="font-family: 'Century Gothic'; font-size: 7pt;">,</font><font style="font-family: 'Century Gothic'; font-size: 7pt;">756</font><font style="font-family: 'Century Gothic'; font-size: 7pt;">.</font><font style="font-family: 'Century Gothic'; font-size: 7pt;">4</font></p>












</td>








</tr>
<tr style="height: 8.5pt; margin: 0px; text-indent: 0px;">
<td style="background-color: #ffffff; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; margin: 0px; text-indent: 0px;">
<p style="font-size: 7pt; line-height: 108%; margin: 0px; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 7pt;">Others</font></p>












</td>
<td colspan="2" style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; margin: 0px; text-indent: 0px;">
<p style="font-size: 7pt; line-height: 108%; margin: 0px; text-align: center; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 7pt;">0</font><font style="font-family: 'Century Gothic'; font-size: 7pt;">.</font><font style="font-family: 'Century Gothic'; font-size: 7pt;">0</font></p>












</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; margin: 0px; text-indent: 0px;">
<p style="font-size: 7pt; line-height: 108%; margin: 0px; text-align: center; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 7pt;">0</font><font style="font-family: 'Century Gothic'; font-size: 7pt;">.</font><font style="font-family: 'Century Gothic'; font-size: 7pt;">0</font></p>












</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; margin: 0px; text-indent: 0px;">
<p style="font-size: 7pt; line-height: 108%; margin: 0px; text-align: center; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 7pt;">0</font><font style="font-family: 'Century Gothic'; font-size: 7pt;">.</font><font style="font-family: 'Century Gothic'; font-size: 7pt;">0</font></p>












</td>
<td colspan="2" style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; margin: 0px; text-indent: 0px;">
<p style="font-size: 7pt; line-height: 108%; margin: 0px; text-align: center; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 7pt;">0</font><font style="font-family: 'Century Gothic'; font-size: 7pt;">.</font><font style="font-family: 'Century Gothic'; font-size: 7pt;">0</font></p>












</td>
<td colspan="2" style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; margin: 0px; text-indent: 0px;">
<p style="font-size: 7pt; line-height: 108%; margin: 0px; text-align: center; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 7pt;">0</font><font style="font-family: 'Century Gothic'; font-size: 7pt;">.</font><font style="font-family: 'Century Gothic'; font-size: 7pt;">0</font></p>












</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; margin: 0px; text-indent: 0px;">
<p style="font-size: 7pt; line-height: 108%; margin: 0px; text-align: center; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 7pt;">0</font><font style="font-family: 'Century Gothic'; font-size: 7pt;">.</font><font style="font-family: 'Century Gothic'; font-size: 7pt;">0</font></p>












</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; margin: 0px; text-indent: 0px;">
<p style="font-size: 7pt; line-height: 108%; margin: 0px; text-align: center; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 7pt;">0</font><font style="font-family: 'Century Gothic'; font-size: 7pt;">.</font><font style="font-family: 'Century Gothic'; font-size: 7pt;">0</font></p>












</td>








</tr>
<tr style="height: 8.5pt; margin: 0px; text-indent: 0px;">
<td style="background-color: #ffffff; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; margin: 0px; text-indent: 0px;">
<p style="font-size: 7pt; line-height: 108%; margin: 0px; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">Post-employment benefits</font></p>












</td>
<td colspan="2" style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; margin: 0px; text-indent: 0px;">
<p style="font-size: 7pt; line-height: 108%; margin: 0px; text-align: center; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">785</font><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">.</font><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">4</font></p>












</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; margin: 0px; text-indent: 0px;">
<p style="font-size: 7pt; line-height: 108%; margin: 0px; text-align: center; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">157</font><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">.</font><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">5</font></p>












</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; margin: 0px; text-indent: 0px;">
<p style="font-size: 7pt; line-height: 108%; margin: 0px; text-align: center; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">186</font><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">.</font><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">1</font></p>












</td>
<td colspan="2" style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; margin: 0px; text-indent: 0px;">
<p style="font-size: 7pt; line-height: 108%; margin: 0px; text-align: center; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">0</font><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">.</font><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">0</font></p>












</td>
<td colspan="2" style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; margin: 0px; text-indent: 0px;">
<p style="font-size: 7pt; line-height: 108%; margin: 0px; text-align: center; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">42</font><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">.</font><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">0</font></p>












</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; margin: 0px; text-indent: 0px;">
<p style="font-size: 7pt; line-height: 108%; margin: 0px; text-align: center; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">160</font><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">.</font><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">8</font></p>












</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; margin: 0px; text-indent: 0px;">
<p style="font-size: 7pt; line-height: 108%; margin: 0px; text-align: center; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">1</font><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">,</font><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">331</font><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">.</font><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">7</font></p>












</td>








</tr>
<tr style="height: 22.95pt; margin: 0px; text-indent: 0px;">
<td style="background-color: #ffffff; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; margin: 0px; text-indent: 0px;">
<p style="font-size: 7pt; line-height: 108%; margin: 0px; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">Benefits due to the interruption in the exercise of the position</font></p>












</td>
<td colspan="2" style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; margin: 0px; text-indent: 0px;">
<p style="font-size: 7pt; line-height: 108%; margin: 0px; text-align: center; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">0</font><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">.</font><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">0</font></p>












</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; margin: 0px; text-indent: 0px;">
<p style="font-size: 7pt; line-height: 108%; margin: 0px; text-align: center; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">0</font><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">.</font><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">0</font></p>












</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; margin: 0px; text-indent: 0px;">
<p style="font-size: 7pt; line-height: 108%; margin: 0px; text-align: center; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">0</font><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">.</font><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">0</font></p>












</td>
<td colspan="2" style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; margin: 0px; text-indent: 0px;">
<p style="font-size: 7pt; line-height: 108%; margin: 0px; text-align: center; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">0</font><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">.</font><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">0</font></p>












</td>
<td colspan="2" style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; margin: 0px; text-indent: 0px;">
<p style="font-size: 7pt; line-height: 108%; margin: 0px; text-align: center; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">0</font><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">.</font><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">0</font></p>












</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; margin: 0px; text-indent: 0px;">
<p style="font-size: 7pt; line-height: 108%; margin: 0px; text-align: center; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">0</font><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">.</font><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">0</font></p>












</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; margin: 0px; text-indent: 0px;">
<p style="font-size: 7pt; line-height: 108%; margin: 0px; text-align: center; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">0</font><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">.</font><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">0</font></p>












</td>








</tr>
<tr style="height: 14.05pt; margin: 0px; text-indent: 0px;">
<td style="background-color: #ffffff; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; margin: 0px; text-indent: 0px;">
<p style="font-size: 7pt; line-height: 108%; margin: 0px; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">Stock-based compensation</font></p>












</td>
<td colspan="2" style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; margin: 0px; text-indent: 0px;">
<p style="font-size: 7pt; line-height: 108%; margin: 0px; text-align: center; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">6</font><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">,</font><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">010</font><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">.</font><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">0</font></p>












</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; margin: 0px; text-indent: 0px;">
<p style="font-size: 7pt; line-height: 108%; margin: 0px; text-align: center; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">2</font><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">,</font><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">190</font><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">.</font><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">5</font></p>












</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; margin: 0px; text-indent: 0px;">
<p style="font-size: 7pt; line-height: 108%; margin: 0px; text-align: center; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">1</font><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">,</font><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">747</font><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">.</font><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">6</font></p>












</td>
<td colspan="2" style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; margin: 0px; text-indent: 0px;">
<p style="font-size: 7pt; line-height: 108%; margin: 0px; text-align: center; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">0</font><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">.</font><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">0</font></p>












</td>
<td colspan="2" style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; margin: 0px; text-indent: 0px;">
<p style="font-size: 7pt; line-height: 108%; margin: 0px; text-align: center; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">716</font><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">.</font><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">7</font></p>












</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; margin: 0px; text-indent: 0px;">
<p style="font-size: 7pt; line-height: 108%; margin: 0px; text-align: center; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">2</font><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">,</font><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">194</font><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">.7</font></p>












</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; margin: 0px; text-indent: 0px;">
<p style="font-size: 7pt; line-height: 108%; margin: 0px; text-align: center; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">12</font><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">,</font><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">859</font><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">.</font><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">5</font></p>












</td>








</tr>
<tr style="height: 12.55pt; margin: 0px; text-indent: 0px;">
<td style="background-color: #ffffff; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; margin: 0px; text-indent: 0px;">
<p style="font-size: 7pt; line-height: 108%; margin: 0px; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">Total compensation</font></p>












</td>
<td colspan="2" style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; margin: 0px; text-indent: 0px;">
<p style="font-size: 7pt; line-height: 108%; margin: 0px; text-align: center; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">34</font><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">,</font><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">894</font><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">.</font><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">9</font></p>












</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; margin: 0px; text-indent: 0px;">
<p style="font-size: 7pt; line-height: 108%; margin: 0px; text-align: center; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">6</font><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">,</font><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">484</font><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">.</font><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">6</font></p>












</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; margin: 0px; text-indent: 0px;">
<p style="font-size: 7pt; line-height: 108%; margin: 0px; text-align: center; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">6</font><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">,</font><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">317</font><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">.</font><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">4</font></p>












</td>
<td colspan="2" style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; margin: 0px; text-indent: 0px;">
<p style="font-size: 7pt; line-height: 108%; margin: 0px; text-align: center; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">383</font><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">.</font><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">4</font></p>












</td>
<td colspan="2" style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; margin: 0px; text-indent: 0px;">
<p style="font-size: 7pt; line-height: 108%; margin: 0px; text-align: center; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">1</font><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">,</font><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">219</font><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">.</font><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">5</font></p>












</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; margin: 0px; text-indent: 0px;">
<p style="font-size: 7pt; line-height: 108%; margin: 0px; text-align: center; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">6</font><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">,</font><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">399</font><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">.</font><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">7</font></p>












</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; margin: 0px; text-indent: 0px;">
<p style="font-size: 7pt; line-height: 108%; margin: 0px; text-align: center; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">55</font><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">,</font><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">699</font><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">.</font><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">5</font></p>












</td>








</tr>
<tr style="height: 28.8pt; margin: 0px; text-indent: 0px;">
<td colspan="11" style="background-color: #ffffff; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;">
<p style="font-size: 7pt; line-height: 108%; margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">Statutory Executive Officers </font><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">- 2023</font></p>












</td>








</tr>
<tr style="height: 28.8pt; margin: 0px; text-indent: 0px;">
<td colspan="2" rowspan="2" style="background-color: #ffffff; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;">
<p style="font-size: 7pt; line-height: 108%; margin: 0px; break-after: avoid; break-inside: avoid; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">(</font><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">In thousands of Brazilian </font><font style="font-family: 'Century Gothic'; font-size: 7pt; font-style: italic; font-weight: bold;">Reais</font><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">)</font></p>












</td>
<td colspan="2" rowspan="2" style="background-color: #ffffff; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;">
<p style="font-size: 7pt; line-height: 108%; margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">Ultrapar Participa&#231;&#245;es S.A.</font></p>












</td>
<td colspan="2" rowspan="2" style="background-color: #ffffff; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;">
<p style="font-size: 7pt; line-height: 108%; margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">Companhia Ultragaz S.A.</font></p>












</td>
<td colspan="2" rowspan="2" style="background-color: #ffffff; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;">
<p style="font-size: 7pt; line-height: 108%; margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">Ipiranga Produtos de Petr&#243;leo S.A.</font></p>












</td>
<td colspan="2" rowspan="2" style="background-color: #ffffff; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;">
<p style="font-size: 7pt; line-height: 108%; margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">Ultracargo Log&#237;stica S.A.</font></p>












</td>
<td rowspan="2" style="background-color: #ffffff; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;">
<p style="font-size: 7pt; line-height: 108%; margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">Total</font></p>












</td>








</tr>
<tr></tr>
<tr style="height: 8.75pt; margin: 0px; text-indent: 0px;">
<td colspan="2" style="background-color: #ffffff; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; width: 25%;">
<p style="font-size: 7pt; line-height: 108%; margin: 0px; break-after: avoid; break-inside: avoid; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">Annual fixed compensation </font></p>












</td>
<td colspan="2" style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; width: 15%;">
<p style="font-size: 7pt; line-height: 108%; margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">8</font><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">,</font><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">650</font><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">.</font><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">4</font></p>












</td>
<td colspan="2" style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; width: 15%;">
<p style="font-size: 7pt; line-height: 108%; margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">2</font><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">,</font><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">142</font><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">.</font><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">0</font></p>












</td>
<td colspan="2" style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; width: 15%;">
<p style="font-size: 7pt; line-height: 108%; margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">2</font><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">,</font><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">624</font><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">.</font><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">9</font></p>












</td>
<td colspan="2" style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; width: 15%;">
<p style="font-size: 7pt; line-height: 108%; margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">2</font><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">,</font><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">047</font><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">.</font><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">3</font></p>












</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; width: 15%;">
<p style="font-size: 7pt; line-height: 108%; margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">15</font><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">,</font><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">464</font><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">.</font><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">6</font></p>












</td>








</tr>
<tr style="height: 8.75pt; margin: 0px; text-indent: 0px;">
<td colspan="2" style="background-color: #ffffff; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; margin: 0px; text-indent: 0px;">
<p style="font-size: 7pt; line-height: 108%; margin: 0px; break-after: avoid; break-inside: avoid; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 7pt;">Salary / fee</font></p>












</td>
<td colspan="2" style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; margin: 0px; text-indent: 0px;">
<p style="font-size: 7pt; line-height: 108%; margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 7pt;">6</font><font style="font-family: 'Century Gothic'; font-size: 7pt;">,</font><font style="font-family: 'Century Gothic'; font-size: 7pt;">470</font><font style="font-family: 'Century Gothic'; font-size: 7pt;">.</font><font style="font-family: 'Century Gothic'; font-size: 7pt;">7</font></p>












</td>
<td colspan="2" style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; margin: 0px; text-indent: 0px;">
<p style="font-size: 7pt; line-height: 108%; margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 7pt;">1</font><font style="font-family: 'Century Gothic'; font-size: 7pt;">,</font><font style="font-family: 'Century Gothic'; font-size: 7pt;">630</font><font style="font-family: 'Century Gothic'; font-size: 7pt;">.</font><font style="font-family: 'Century Gothic'; font-size: 7pt;">0</font></p>












</td>
<td colspan="2" style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; margin: 0px; text-indent: 0px;">
<p style="font-size: 7pt; line-height: 108%; margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 7pt;">2</font><font style="font-family: 'Century Gothic'; font-size: 7pt;">,</font><font style="font-family: 'Century Gothic'; font-size: 7pt;">000</font><font style="font-family: 'Century Gothic'; font-size: 7pt;">.</font><font style="font-family: 'Century Gothic'; font-size: 7pt;">0</font></p>












</td>
<td colspan="2" style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; margin: 0px; text-indent: 0px;">
<p style="font-size: 7pt; line-height: 108%; margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 7pt;">1</font><font style="font-family: 'Century Gothic'; font-size: 7pt;">,</font><font style="font-family: 'Century Gothic'; font-size: 7pt;">520</font><font style="font-family: 'Century Gothic'; font-size: 7pt;">.</font><font style="font-family: 'Century Gothic'; font-size: 7pt;">0</font></p>












</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; margin: 0px; text-indent: 0px;">
<p style="font-size: 7pt; line-height: 108%; margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">11</font><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">,</font><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">620</font><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">.</font><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">7</font></p>












</td>








</tr>
<tr style="height: 8.75pt; margin: 0px; text-indent: 0px;">
<td colspan="2" style="background-color: #ffffff; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; margin: 0px; text-indent: 0px;">
<p style="font-size: 7pt; line-height: 108%; margin: 0px; break-after: avoid; break-inside: avoid; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 7pt;">Direct and indirect benefits</font></p>












</td>
<td colspan="2" style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; margin: 0px; text-indent: 0px;">
<p style="font-size: 7pt; line-height: 108%; margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 7pt;">723</font><font style="font-family: 'Century Gothic'; font-size: 7pt;">.</font><font style="font-family: 'Century Gothic'; font-size: 7pt;">0</font></p>












</td>
<td colspan="2" style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; margin: 0px; text-indent: 0px;">
<p style="font-size: 7pt; line-height: 108%; margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 7pt;">159</font><font style="font-family: 'Century Gothic'; font-size: 7pt;">.</font><font style="font-family: 'Century Gothic'; font-size: 7pt;">7</font></p>












</td>
<td colspan="2" style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; margin: 0px; text-indent: 0px;">
<p style="font-size: 7pt; line-height: 108%; margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 7pt;">187</font><font style="font-family: 'Century Gothic'; font-size: 7pt;">.</font><font style="font-family: 'Century Gothic'; font-size: 7pt;">4</font></p>












</td>
<td colspan="2" style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; margin: 0px; text-indent: 0px;">
<p style="font-size: 7pt; line-height: 108%; margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 7pt;">184</font><font style="font-family: 'Century Gothic'; font-size: 7pt;">.</font><font style="font-family: 'Century Gothic'; font-size: 7pt;">0</font></p>












</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; margin: 0px; text-indent: 0px;">
<p style="font-size: 7pt; line-height: 108%; margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">1</font><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">,</font><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">254</font><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">.</font><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">2</font></p>












</td>








</tr>
<tr style="height: 8.75pt; margin: 0px; text-indent: 0px;">
<td colspan="2" style="background-color: #ffffff; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; margin: 0px; text-indent: 0px;">
<p style="font-size: 7pt; line-height: 108%; margin: 0px; break-after: avoid; break-inside: avoid; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 7pt;">Others</font></p>












</td>
<td colspan="2" style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; margin: 0px; text-indent: 0px;">
<p style="font-size: 7pt; line-height: 108%; margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 7pt;">1</font><font style="font-family: 'Century Gothic'; font-size: 7pt;">,</font><font style="font-family: 'Century Gothic'; font-size: 7pt;">456</font><font style="font-family: 'Century Gothic'; font-size: 7pt;">.</font><font style="font-family: 'Century Gothic'; font-size: 7pt;">7</font></p>












</td>
<td colspan="2" style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; margin: 0px; text-indent: 0px;">
<p style="font-size: 7pt; line-height: 108%; margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 7pt;">352</font><font style="font-family: 'Century Gothic'; font-size: 7pt;">.</font><font style="font-family: 'Century Gothic'; font-size: 7pt;">2</font></p>












</td>
<td colspan="2" style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; margin: 0px; text-indent: 0px;">
<p style="font-size: 7pt; line-height: 108%; margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 7pt;">437</font><font style="font-family: 'Century Gothic'; font-size: 7pt;">.</font><font style="font-family: 'Century Gothic'; font-size: 7pt;">5</font></p>












</td>
<td colspan="2" style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; margin: 0px; text-indent: 0px;">
<p style="font-size: 7pt; line-height: 108%; margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 7pt;">343</font><font style="font-family: 'Century Gothic'; font-size: 7pt;">.</font><font style="font-family: 'Century Gothic'; font-size: 7pt;">3</font></p>












</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; margin: 0px; text-indent: 0px;">
<p style="font-size: 7pt; line-height: 108%; margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">2</font><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">,</font><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">589</font><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">.</font><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">7</font></p>












</td>








</tr>
<tr style="height: 8.75pt; margin: 0px; text-indent: 0px;">
<td colspan="2" style="background-color: #ffffff; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; margin: 0px; text-indent: 0px;">
<p style="font-size: 7pt; line-height: 108%; margin: 0px; break-after: avoid; break-inside: avoid; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">Variable compensation</font></p>












</td>
<td colspan="2" style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; margin: 0px; text-indent: 0px;">
<p style="font-size: 7pt; line-height: 108%; margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">12</font><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">,</font><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">670</font><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">.</font><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">2</font></p>












</td>
<td colspan="2" style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; margin: 0px; text-indent: 0px;">
<p style="font-size: 7pt; line-height: 108%; margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">2</font><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">,</font><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">632</font><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">.</font><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">5</font></p>












</td>
<td colspan="2" style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; margin: 0px; text-indent: 0px;">
<p style="font-size: 7pt; line-height: 108%; margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">3</font><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">,</font><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">112</font><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">.</font><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">2</font></p>












</td>
<td colspan="2" style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; margin: 0px; text-indent: 0px;">
<p style="font-size: 7pt; line-height: 108%; margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">2</font><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">,</font><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">457</font><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">.</font><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">0</font></p>












</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; margin: 0px; text-indent: 0px;">
<p style="font-size: 7pt; line-height: 108%; margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">20</font><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">,</font><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">871</font><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">.</font><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">9</font></p>












</td>








</tr>
<tr style="height: 8.75pt; margin: 0px; text-indent: 0px;">
<td colspan="2" style="background-color: #ffffff; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; margin: 0px; text-indent: 0px;">
<p style="font-size: 7pt; line-height: 108%; margin: 0px; break-after: avoid; break-inside: avoid; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 7pt;">Profit sharing</font></p>












</td>
<td colspan="2" style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; margin: 0px; text-indent: 0px;">
<p style="font-size: 7pt; line-height: 108%; margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 7pt;">12</font><font style="font-family: 'Century Gothic'; font-size: 7pt;">,</font><font style="font-family: 'Century Gothic'; font-size: 7pt;">670</font><font style="font-family: 'Century Gothic'; font-size: 7pt;">.</font><font style="font-family: 'Century Gothic'; font-size: 7pt;">2</font></p>












</td>
<td colspan="2" style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; margin: 0px; text-indent: 0px;">
<p style="font-size: 7pt; line-height: 108%; margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 7pt;">2</font><font style="font-family: 'Century Gothic'; font-size: 7pt;">,</font><font style="font-family: 'Century Gothic'; font-size: 7pt;">632</font><font style="font-family: 'Century Gothic'; font-size: 7pt;">.</font><font style="font-family: 'Century Gothic'; font-size: 7pt;">5</font></p>












</td>
<td colspan="2" style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; margin: 0px; text-indent: 0px;">
<p style="font-size: 7pt; line-height: 108%; margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 7pt;">3</font><font style="font-family: 'Century Gothic'; font-size: 7pt;">,</font><font style="font-family: 'Century Gothic'; font-size: 7pt;">112</font><font style="font-family: 'Century Gothic'; font-size: 7pt;">.</font><font style="font-family: 'Century Gothic'; font-size: 7pt;">2</font></p>












</td>
<td colspan="2" style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; margin: 0px; text-indent: 0px;">
<p style="font-size: 7pt; line-height: 108%; margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 7pt;">2</font><font style="font-family: 'Century Gothic'; font-size: 7pt;">,</font><font style="font-family: 'Century Gothic'; font-size: 7pt;">457</font><font style="font-family: 'Century Gothic'; font-size: 7pt;">.</font><font style="font-family: 'Century Gothic'; font-size: 7pt;">0</font></p>












</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; margin: 0px; text-indent: 0px;">
<p style="font-size: 7pt; line-height: 108%; margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">20</font><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">,</font><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">871</font><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">.</font><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">9</font></p>












</td>








</tr>
<tr style="height: 8.75pt; margin: 0px; text-indent: 0px;">
<td colspan="2" style="background-color: #ffffff; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; margin: 0px; text-indent: 0px;">
<p style="font-size: 7pt; line-height: 108%; margin: 0px; break-after: avoid; break-inside: avoid; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 7pt;">Others</font></p>












</td>
<td colspan="2" style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; margin: 0px; text-indent: 0px;">
<p style="font-size: 7pt; line-height: 108%; margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 7pt;">0</font><font style="font-family: 'Century Gothic'; font-size: 7pt;">.</font><font style="font-family: 'Century Gothic'; font-size: 7pt;">0</font></p>












</td>
<td colspan="2" style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; margin: 0px; text-indent: 0px;">
<p style="font-size: 7pt; line-height: 108%; margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 7pt;">0</font><font style="font-family: 'Century Gothic'; font-size: 7pt;">.</font><font style="font-family: 'Century Gothic'; font-size: 7pt;">0</font></p>












</td>
<td colspan="2" style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; margin: 0px; text-indent: 0px;">
<p style="font-size: 7pt; line-height: 108%; margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 7pt;">0</font><font style="font-family: 'Century Gothic'; font-size: 7pt;">.</font><font style="font-family: 'Century Gothic'; font-size: 7pt;">0</font></p>












</td>
<td colspan="2" style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; margin: 0px; text-indent: 0px;">
<p style="font-size: 7pt; line-height: 108%; margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 7pt;">0.0</font></p>












</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; margin: 0px; text-indent: 0px;">
<p style="font-size: 7pt; line-height: 108%; margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 7pt;">0.0</font></p>












</td>








</tr>
<tr style="height: 8.75pt; margin: 0px; text-indent: 0px;">
<td colspan="2" style="background-color: #ffffff; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; margin: 0px; text-indent: 0px;">
<p style="font-size: 7pt; line-height: 108%; margin: 0px; break-after: avoid; break-inside: avoid; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">Post-employment benefits</font></p>












</td>
<td colspan="2" style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; margin: 0px; text-indent: 0px;">
<p style="font-size: 7pt; line-height: 108%; margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">721</font><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">.</font><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">4</font></p>












</td>
<td colspan="2" style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; margin: 0px; text-indent: 0px;">
<p style="font-size: 7pt; line-height: 108%; margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">186</font><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">.</font><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">2</font></p>












</td>
<td colspan="2" style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; margin: 0px; text-indent: 0px;">
<p style="font-size: 7pt; line-height: 108%; margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">223</font><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">.</font><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">6</font></p>












</td>
<td colspan="2" style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; margin: 0px; text-indent: 0px;">
<p style="font-size: 7pt; line-height: 108%; margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">175</font><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">.</font><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">2</font></p>












</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; margin: 0px; text-indent: 0px;">
<p style="font-size: 7pt; line-height: 108%; margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">1</font><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">,</font><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">306</font><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">.</font><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">4</font></p>












</td>








</tr>
<tr style="height: 23.65pt; margin: 0px; text-indent: 0px;">
<td colspan="2" style="background-color: #ffffff; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; margin: 0px; text-indent: 0px;">
<p style="font-size: 7pt; line-height: 108%; margin: 0px; break-after: avoid; break-inside: avoid; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">Benefits due to the interruption in the exercise of the position</font></p>












</td>
<td colspan="2" style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; margin: 0px; text-indent: 0px;">
<p style="font-size: 7pt; line-height: 108%; margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">1,007.0</font></p>












</td>
<td colspan="2" style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; margin: 0px; text-indent: 0px;">
<p style="font-size: 7pt; line-height: 108%; margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">0.0</font></p>












</td>
<td colspan="2" style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; margin: 0px; text-indent: 0px;">
<p style="font-size: 7pt; line-height: 108%; margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">0.0</font></p>












</td>
<td colspan="2" style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; margin: 0px; text-indent: 0px;">
<p style="font-size: 7pt; line-height: 108%; margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">0.0</font></p>












</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; margin: 0px; text-indent: 0px;">
<p style="font-size: 7pt; line-height: 108%; margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">1</font><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">,</font><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">007</font><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">.</font><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">0</font></p>












</td>








</tr>
<tr style="height: 14.45pt; margin: 0px; text-indent: 0px;">
<td colspan="2" style="background-color: #ffffff; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; margin: 0px; text-indent: 0px;">
<p style="font-size: 7pt; line-height: 108%; margin: 0px; break-after: avoid; break-inside: avoid; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">Stock-based compensation</font></p>












</td>
<td colspan="2" style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; margin: 0px; text-indent: 0px;">
<p style="font-size: 7pt; line-height: 108%; margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">12</font><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">,</font><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">573</font><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">.</font><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">0</font></p>












</td>
<td colspan="2" style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; margin: 0px; text-indent: 0px;">
<p style="font-size: 7pt; line-height: 108%; margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">4</font><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">,</font><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">148</font><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">.</font><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">0</font></p>












</td>
<td colspan="2" style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; margin: 0px; text-indent: 0px;">
<p style="font-size: 7pt; line-height: 108%; margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">3</font><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">,</font><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">557</font><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">.</font><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">3</font></p>












</td>
<td colspan="2" style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; margin: 0px; text-indent: 0px;">
<p style="font-size: 7pt; line-height: 108%; margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">4</font><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">,</font><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">007</font><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">.</font><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">0</font></p>












</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; margin: 0px; text-indent: 0px;">
<p style="font-size: 7pt; line-height: 108%; margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">24</font><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">,</font><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">285</font><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">.</font><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">2</font></p>












</td>








</tr>
<tr style="height: 12.9pt; margin: 0px; text-indent: 0px;">
<td colspan="2" style="background-color: #ffffff; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; margin: 0px; text-indent: 0px;">
<p style="font-size: 7pt; line-height: 108%; margin: 0px; break-after: avoid; break-inside: avoid; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">Total compensation</font></p>












</td>
<td colspan="2" style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; margin: 0px; text-indent: 0px;">
<p style="font-size: 7pt; line-height: 108%; margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">35</font><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">,</font><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">622</font><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">.</font><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">0</font></p>












</td>
<td colspan="2" style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; margin: 0px; text-indent: 0px;">
<p style="font-size: 7pt; line-height: 108%; margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">9</font><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">,</font><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">108</font><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">.</font><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">6</font></p>












</td>
<td colspan="2" style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; margin: 0px; text-indent: 0px;">
<p style="font-size: 7pt; line-height: 108%; margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">9</font><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">,</font><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">518</font><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">.</font><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">0</font></p>












</td>
<td colspan="2" style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; margin: 0px; text-indent: 0px;">
<p style="font-size: 7pt; line-height: 108%; margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">8</font><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">,</font><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">686</font><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">.</font><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">6</font></p>












</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; margin: 0px; text-indent: 0px;">
<p style="font-size: 7pt; line-height: 108%; margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">62</font><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">,</font><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">935</font><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">.</font><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">1</font></p>












</td>








</tr>





















</table>
<p style="font-size: 9pt; line-height: 108%; margin: 0px; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">&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;"><a href="#TOC"></a><br></div>







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<div>
<div style="width: 8.5in; margin: 0 auto;">
<p>&nbsp; &nbsp;</p>
<table cellspacing="0" cellpadding="0" style="border-collapse: collapse; margin: 0px; font-family: 'times new roman'; font-size: 10pt; text-indent: 0px;" width="100%">

<tr style="height: 28.8pt; margin: 0px; text-indent: 0px;">
<td colspan="6" style="background-color: #ffffff; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;">
<p style="font-size: 7pt; line-height: 108%; margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">Statutory Executive Officers - </font><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">2024</font></p>












</td>












</tr>
<tr style="height: 28.8pt; margin: 0px; text-indent: 0px;">
<td rowspan="2" style="background-color: #ffffff; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;">
<p style="font-size: 7pt; line-height: 108%; margin: 0px; break-after: avoid; break-inside: avoid; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">(</font><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">In thousands of Brazilian </font><font style="font-family: 'Century Gothic'; font-size: 7pt; font-style: italic; font-weight: bold;">Reais</font><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">)</font></p>












</td>
<td rowspan="2" style="background-color: #ffffff; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;">
<p style="font-size: 7pt; line-height: 108%; margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">Ultrapar Participa&#231;&#245;es S.A.</font></p>












</td>
<td rowspan="2" style="background-color: #ffffff; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;">
<p style="font-size: 7pt; line-height: 108%; margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">Companhia Ultragaz S.A.</font></p>












</td>
<td rowspan="2" style="background-color: #ffffff; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;">
<p style="font-size: 7pt; line-height: 108%; margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">Ipiranga Produtos de Petr&#243;leo S.A.</font></p>












</td>
<td rowspan="2" style="background-color: #ffffff; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;">
<p style="font-size: 7pt; line-height: 108%; margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">Ultracargo Log&#237;stica S.A.</font></p>












</td>
<td rowspan="2" style="background-color: #ffffff; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;">
<p style="font-size: 7pt; line-height: 108%; margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">Total</font></p>












</td>












</tr>
<tr style="height: 13.45pt; margin: 0px; text-indent: 0px;"></tr>
<tr style="height: 8.75pt; margin: 0px; text-indent: 0px;">
<td style="background-color: #ffffff; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; width: 25%;">
<p style="font-size: 7pt; line-height: 108%; margin: 0px; break-after: avoid; break-inside: avoid; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">Annual fixed compensation </font></p>












</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; width: 15%;">
<p style="font-size: 7pt; line-height: 108%; margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">8</font><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">,</font><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">981</font><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">.</font><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">7</font></p>












</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; width: 15%;">
<p style="font-size: 7pt; line-height: 108%; margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">2</font><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">,</font><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">640</font><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">.</font><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">3</font></p>












</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; width: 15%;">
<p style="font-size: 7pt; line-height: 108%; margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">3</font><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">,</font><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">068</font><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">.</font><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">0</font></p>












</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; width: 15%;">
<p style="font-size: 7pt; line-height: 108%; margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">2</font><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">,</font><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">480</font><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">.</font><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">4</font></p>












</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; width: 15%;">
<p style="font-size: 7pt; line-height: 108%; margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">17</font><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">,</font><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">170</font><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">.</font><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">3</font></p>












</td>












</tr>
<tr style="height: 8.75pt; margin: 0px; text-indent: 0px;">
<td style="background-color: #ffffff; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; margin: 0px; text-indent: 0px;">
<p style="font-size: 7pt; line-height: 108%; margin: 0px; break-after: avoid; break-inside: avoid; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 7pt;">Salary / fee</font></p>












</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; margin: 0px; text-indent: 0px;">
<p style="font-size: 7pt; line-height: 108%; margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 7pt;">6</font><font style="font-family: 'Century Gothic'; font-size: 7pt;">,</font><font style="font-family: 'Century Gothic'; font-size: 7pt;">910</font><font style="font-family: 'Century Gothic'; font-size: 7pt;">.</font><font style="font-family: 'Century Gothic'; font-size: 7pt;">0</font></p>












</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; margin: 0px; text-indent: 0px;">
<p style="font-size: 7pt; line-height: 108%; margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 7pt;">2</font><font style="font-family: 'Century Gothic'; font-size: 7pt;">,</font><font style="font-family: 'Century Gothic'; font-size: 7pt;">000</font><font style="font-family: 'Century Gothic'; font-size: 7pt;">.</font><font style="font-family: 'Century Gothic'; font-size: 7pt;">0</font></p>












</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; margin: 0px; text-indent: 0px;">
<p style="font-size: 7pt; line-height: 108%; margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 7pt;">2</font><font style="font-family: 'Century Gothic'; font-size: 7pt;">,</font><font style="font-family: 'Century Gothic'; font-size: 7pt;">360</font><font style="font-family: 'Century Gothic'; font-size: 7pt;">.</font><font style="font-family: 'Century Gothic'; font-size: 7pt;">0</font></p>












</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; margin: 0px; text-indent: 0px;">
<p style="font-size: 7pt; line-height: 108%; margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 7pt;">1</font><font style="font-family: 'Century Gothic'; font-size: 7pt;">,</font><font style="font-family: 'Century Gothic'; font-size: 7pt;">880</font><font style="font-family: 'Century Gothic'; font-size: 7pt;">.</font><font style="font-family: 'Century Gothic'; font-size: 7pt;">0</font></p>












</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; margin: 0px; text-indent: 0px;">
<p style="font-size: 7pt; line-height: 108%; margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">13</font><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">,</font><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">150</font><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">.</font><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">0</font></p>












</td>












</tr>
<tr style="height: 8.75pt; margin: 0px; text-indent: 0px;">
<td style="background-color: #ffffff; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; margin: 0px; text-indent: 0px;">
<p style="font-size: 7pt; line-height: 108%; margin: 0px; break-after: avoid; break-inside: avoid; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 7pt;">Direct and indirect benefits</font></p>












</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; margin: 0px; text-indent: 0px;">
<p style="font-size: 7pt; line-height: 108%; margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 7pt;">658</font><font style="font-family: 'Century Gothic'; font-size: 7pt;">.</font><font style="font-family: 'Century Gothic'; font-size: 7pt;">5</font></p>












</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; margin: 0px; text-indent: 0px;">
<p style="font-size: 7pt; line-height: 108%; margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 7pt;">232</font><font style="font-family: 'Century Gothic'; font-size: 7pt;">.</font><font style="font-family: 'Century Gothic'; font-size: 7pt;">3</font></p>












</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; margin: 0px; text-indent: 0px;">
<p style="font-size: 7pt; line-height: 108%; margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 7pt;">263</font><font style="font-family: 'Century Gothic'; font-size: 7pt;">.</font><font style="font-family: 'Century Gothic'; font-size: 7pt;">2</font></p>












</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; margin: 0px; text-indent: 0px;">
<p style="font-size: 7pt; line-height: 108%; margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 7pt;">230</font><font style="font-family: 'Century Gothic'; font-size: 7pt;">.</font><font style="font-family: 'Century Gothic'; font-size: 7pt;">4</font></p>












</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; margin: 0px; text-indent: 0px;">
<p style="font-size: 7pt; line-height: 108%; margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">1</font><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">,</font><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">384</font><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">.</font><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">5</font></p>












</td>












</tr>
<tr style="height: 8.75pt; margin: 0px; text-indent: 0px;">
<td style="background-color: #ffffff; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; margin: 0px; text-indent: 0px;">
<p style="font-size: 7pt; line-height: 108%; margin: 0px; break-after: avoid; break-inside: avoid; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 7pt;">Others</font></p>












</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; margin: 0px; text-indent: 0px;">
<p style="font-size: 7pt; line-height: 108%; margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 7pt;">1</font><font style="font-family: 'Century Gothic'; font-size: 7pt;">,</font><font style="font-family: 'Century Gothic'; font-size: 7pt;">413</font><font style="font-family: 'Century Gothic'; font-size: 7pt;">.</font><font style="font-family: 'Century Gothic'; font-size: 7pt;">2</font></p>












</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; margin: 0px; text-indent: 0px;">
<p style="font-size: 7pt; line-height: 108%; margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 7pt;">407</font><font style="font-family: 'Century Gothic'; font-size: 7pt;">.</font><font style="font-family: 'Century Gothic'; font-size: 7pt;">9</font></p>












</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; margin: 0px; text-indent: 0px;">
<p style="font-size: 7pt; line-height: 108%; margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 7pt;">444</font><font style="font-family: 'Century Gothic'; font-size: 7pt;">.</font><font style="font-family: 'Century Gothic'; font-size: 7pt;">7</font></p>












</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; margin: 0px; text-indent: 0px;">
<p style="font-size: 7pt; line-height: 108%; margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 7pt;">370</font><font style="font-family: 'Century Gothic'; font-size: 7pt;">.</font><font style="font-family: 'Century Gothic'; font-size: 7pt;">0</font></p>












</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; margin: 0px; text-indent: 0px;">
<p style="font-size: 7pt; line-height: 108%; margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">2</font><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">,</font><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">635</font><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">.</font><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">8</font></p>












</td>












</tr>
<tr style="height: 8.75pt; margin: 0px; text-indent: 0px;">
<td style="background-color: #ffffff; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; margin: 0px; text-indent: 0px;">
<p style="font-size: 7pt; line-height: 108%; margin: 0px; break-after: avoid; break-inside: avoid; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">Variable compensation</font></p>












</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; margin: 0px; text-indent: 0px;">
<p style="font-size: 7pt; line-height: 108%; margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">8</font><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">,</font><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">760</font><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">.</font><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">0</font></p>












</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; margin: 0px; text-indent: 0px;">
<p style="font-size: 7pt; line-height: 108%; margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">2</font><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">,</font><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">210</font><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">.</font><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">0</font></p>












</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; margin: 0px; text-indent: 0px;">
<p style="font-size: 7pt; line-height: 108%; margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">2</font><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">,</font><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">600</font><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">.</font><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">0</font></p>












</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; margin: 0px; text-indent: 0px;">
<p style="font-size: 7pt; line-height: 108%; margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">2</font><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">,</font><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">080</font><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">.</font><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">0</font></p>












</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; margin: 0px; text-indent: 0px;">
<p style="font-size: 7pt; line-height: 108%; margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">15</font><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">,</font><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">650</font><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">.</font><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">0</font></p>












</td>












</tr>
<tr style="height: 8.75pt; margin: 0px; text-indent: 0px;">
<td style="background-color: #ffffff; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; margin: 0px; text-indent: 0px;">
<p style="font-size: 7pt; line-height: 108%; margin: 0px; break-after: avoid; break-inside: avoid; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 7pt;">Profit sharing</font></p>












</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; margin: 0px; text-indent: 0px;">
<p style="font-size: 7pt; line-height: 108%; margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 7pt;">8</font><font style="font-family: 'Century Gothic'; font-size: 7pt;">,</font><font style="font-family: 'Century Gothic'; font-size: 7pt;">760</font><font style="font-family: 'Century Gothic'; font-size: 7pt;">.</font><font style="font-family: 'Century Gothic'; font-size: 7pt;">0</font></p>












</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; margin: 0px; text-indent: 0px;">
<p style="font-size: 7pt; line-height: 108%; margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 7pt;">2</font><font style="font-family: 'Century Gothic'; font-size: 7pt;">,</font><font style="font-family: 'Century Gothic'; font-size: 7pt;">210</font><font style="font-family: 'Century Gothic'; font-size: 7pt;">.</font><font style="font-family: 'Century Gothic'; font-size: 7pt;">0</font></p>












</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; margin: 0px; text-indent: 0px;">
<p style="font-size: 7pt; line-height: 108%; margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 7pt;">2</font><font style="font-family: 'Century Gothic'; font-size: 7pt;">,</font><font style="font-family: 'Century Gothic'; font-size: 7pt;">600</font><font style="font-family: 'Century Gothic'; font-size: 7pt;">.</font><font style="font-family: 'Century Gothic'; font-size: 7pt;">0</font></p>












</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; margin: 0px; text-indent: 0px;">
<p style="font-size: 7pt; line-height: 108%; margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 7pt;">2</font><font style="font-family: 'Century Gothic'; font-size: 7pt;">,</font><font style="font-family: 'Century Gothic'; font-size: 7pt;">080</font><font style="font-family: 'Century Gothic'; font-size: 7pt;">.</font><font style="font-family: 'Century Gothic'; font-size: 7pt;">0</font></p>












</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; margin: 0px; text-indent: 0px;">
<p style="font-size: 7pt; line-height: 108%; margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">15</font><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">,</font><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">650</font><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">.</font><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">0</font></p>












</td>












</tr>
<tr style="height: 8.75pt; margin: 0px; text-indent: 0px;">
<td style="background-color: #ffffff; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; margin: 0px; text-indent: 0px;">
<p style="font-size: 7pt; line-height: 108%; margin: 0px; break-after: avoid; break-inside: avoid; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 7pt;">Others</font></p>












</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; margin: 0px; text-indent: 0px;">
<p style="font-size: 7pt; line-height: 108%; margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 7pt;">0.0</font></p>












</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; margin: 0px; text-indent: 0px;">
<p style="font-size: 7pt; line-height: 108%; margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 7pt;">0.0</font></p>












</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; margin: 0px; text-indent: 0px;">
<p style="font-size: 7pt; line-height: 108%; margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 7pt;">0.0</font></p>












</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; margin: 0px; text-indent: 0px;">
<p style="font-size: 7pt; line-height: 108%; margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 7pt;">0.0</font></p>












</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; margin: 0px; text-indent: 0px;">
<p style="font-size: 7pt; line-height: 108%; margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">0.0</font></p>












</td>












</tr>
<tr style="height: 8.75pt; margin: 0px; text-indent: 0px;">
<td style="background-color: #ffffff; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; margin: 0px; text-indent: 0px;">
<p style="font-size: 7pt; line-height: 108%; margin: 0px; break-after: avoid; break-inside: avoid; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">Post-employment benefits</font></p>












</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; margin: 0px; text-indent: 0px;">
<p style="font-size: 7pt; line-height: 108%; margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">760</font><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">.</font><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">1</font></p>












</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; margin: 0px; text-indent: 0px;">
<p style="font-size: 7pt; line-height: 108%; margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">220</font><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">.</font><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">0</font></p>












</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; margin: 0px; text-indent: 0px;">
<p style="font-size: 7pt; line-height: 108%; margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">256</font><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">.</font><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">8</font></p>












</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; margin: 0px; text-indent: 0px;">
<p style="font-size: 7pt; line-height: 108%; margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">190</font><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">.</font><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">1</font></p>












</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; margin: 0px; text-indent: 0px;">
<p style="font-size: 7pt; line-height: 108%; margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">1</font><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">,</font><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">426</font><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">.</font><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">9</font></p>












</td>












</tr>
<tr style="height: 23.65pt; margin: 0px; text-indent: 0px;">
<td style="background-color: #ffffff; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; margin: 0px; text-indent: 0px;">
<p style="font-size: 7pt; line-height: 108%; margin: 0px; break-after: avoid; break-inside: avoid; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">Benefits due to the interruption in the exercise of the position</font></p>












</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; margin: 0px; text-indent: 0px;">
<p style="font-size: 7pt; line-height: 108%; margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">0.0</font></p>












</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; margin: 0px; text-indent: 0px;">
<p style="font-size: 7pt; line-height: 108%; margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">0.0</font></p>












</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; margin: 0px; text-indent: 0px;">
<p style="font-size: 7pt; line-height: 108%; margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">0.0</font></p>












</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; margin: 0px; text-indent: 0px;">
<p style="font-size: 7pt; line-height: 108%; margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">0.0</font></p>












</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; margin: 0px; text-indent: 0px;">
<p style="font-size: 7pt; line-height: 108%; margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">0.0</font></p>












</td>












</tr>
<tr style="height: 14.45pt; margin: 0px; text-indent: 0px;">
<td style="background-color: #ffffff; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; margin: 0px; text-indent: 0px;">
<p style="font-size: 7pt; line-height: 108%; margin: 0px; break-after: avoid; break-inside: avoid; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">Stock-based compensation</font></p>












</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; margin: 0px; text-indent: 0px;">
<p style="font-size: 7pt; line-height: 108%; margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">23</font><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">,</font><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">603</font><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">.</font><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">8</font></p>












</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; margin: 0px; text-indent: 0px;">
<p style="font-size: 7pt; line-height: 108%; margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">4</font><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">,</font><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">756</font><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">.</font><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">1</font></p>












</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; margin: 0px; text-indent: 0px;">
<p style="font-size: 7pt; line-height: 108%; margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">4</font><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">,</font><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">606</font><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">.</font><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">3</font></p>












</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; margin: 0px; text-indent: 0px;">
<p style="font-size: 7pt; line-height: 108%; margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">4</font><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">,</font><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">309</font><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">.</font><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">9</font></p>












</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; margin: 0px; text-indent: 0px;">
<p style="font-size: 7pt; line-height: 108%; margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">37</font><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">,</font><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">276</font><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">.</font><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">1</font></p>












</td>












</tr>
<tr style="height: 12.9pt; margin: 0px; text-indent: 0px;">
<td style="background-color: #ffffff; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; margin: 0px; text-indent: 0px;">
<p style="font-size: 7pt; line-height: 108%; margin: 0px; break-after: avoid; break-inside: avoid; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">Total compensation</font></p>












</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; margin: 0px; text-indent: 0px;">
<p style="font-size: 7pt; line-height: 108%; margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">42</font><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">,</font><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">105</font><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">.</font><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">6</font></p>












</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; margin: 0px; text-indent: 0px;">
<p style="font-size: 7pt; line-height: 108%; margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">9</font><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">,</font><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">826</font><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">.</font><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">3</font></p>












</td>
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<p style="font-size: 7pt; line-height: 108%; margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">10</font><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">.</font><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">531</font><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">.</font><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">0</font></p>












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<p style="font-size: 7pt; line-height: 108%; margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">9</font><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">,</font><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">060</font><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">.</font><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">3</font></p>












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<p style="font-size: 7pt; line-height: 108%; margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">71</font><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">,</font><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">523</font><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">.</font><font style="font-family: 'Century Gothic'; font-size: 7pt; font-weight: bold;">3</font></p>












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<p style="font-size: 9pt; line-height: 108%; margin: 0px; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">8.20. - Other information deemed relevant by the issuer</font></p>
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<p style="font-size: 9pt; line-height: 120%; margin: 0px; text-align: justify; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">In item 8.3., to determine the number of compensated members, only members to whom variable compensation has been allocated were considered, as specified in Of&#237;cio Circular/CVM/SEP/2024 Moreover, in the same item, for calculating the maximum amount established in the compensation plan related to profit-sharing, (i) the evaluation is performed between 80% and 120% of the goals achieved in relation to the portion related to individual performance, and (ii) the evaluation considers the EBITDA and operational cash flow goals in relation to the portion related to the economic performance. The maximum compensation is calculated based on 150% of the economic performance goals and 120% of the individual goals.&nbsp;</font></p>
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<div style="font-size: 9pt; line-height: 150%; margin: 0pt; text-align: center;"><a style="text-decoration: none; color: #000000; cursor: default; outline: none;" href="#TOC" name="BPOA_822024194924204" class="customBookmark"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">POWER OF ATTORNEY</font></a></div>
<p style="font-size: 9pt; line-height: 150%; margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;</font></p>
<p style="font-size: 9pt; line-height: 150%; margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">Through the intermediary of this private instrument, [</font><font style="background-color: #c0c0c0; font-family: 'Century Gothic'; font-size: 9pt; font-style: italic;">Shareholder</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">], [</font><font style="background-color: #c0c0c0; font-family: 'Century Gothic'; font-size: 9pt; font-style: italic;">nationality</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">], [</font><font style="background-color: #c0c0c0; font-family: 'Century Gothic'; font-size: 9pt; font-style: italic;">civil status</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">], [</font><font style="background-color: #c0c0c0; font-family: 'Century Gothic'; font-size: 9pt; font-style: italic;">occupation</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">], bearer of the identity document, number [</font><font style="background-color: #c0c0c0; font-family: 'Century Gothic'; font-size: 9pt;">&#8226;</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">] [</font><font style="background-color: #c0c0c0; font-family: 'Century Gothic'; font-size: 9pt; font-style: italic;">issuing entity</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">], resident and domiciled at [</font><font style="background-color: #c0c0c0; font-family: 'Century Gothic'; font-size: 9pt; font-style: italic;">full address</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">] or [</font><font style="background-color: #c0c0c0; font-family: 'Century Gothic'; font-size: 9pt; font-style: italic;">legal entity duly incorporated in accordance with the laws of [&#8226;], with its head offices at [&#8226;], enrolled at the Taxpayer Register under number</font><font style="background-color: #c0c0c0; font-family: 'Century Gothic'; font-size: 9pt;"> [&#8226;]</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">] (&#8220;Principal&#8221;), nominates and constitutes as [his/</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">her</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">/its</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">]</font><font style="font-family: 'Century Gothic'; font-size: 9pt;"> attorney-in-fact</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">:</font> <font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">MARINA GUIMAR&#195;ES MOREIRA MASCARENHAS</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">, </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">B</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">razilian, married, lawyer, </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">national identity card RG nr. </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">21.556.757-9</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">, issued by </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">Detran</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">-RJ</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">, with </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">professional </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">identity card OAB/</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">RJ</font><font style="font-family: 'Century Gothic'; font-size: 9pt;"> nr. </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">161.971</font><font style="font-family: 'Century Gothic'; font-size: 9pt;"> and </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">enrolled at the Taxpayers Register CPF/MF under nr. </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">118.922.567-03</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">; </font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">DENIZE SAMPAIO BICUDO</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">, Brazilian, single, lawyer, </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">national identity card RG nr. 32.308.230-0, issued by SSP/SP</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">, </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">with </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">professional </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">identity card OAB/SP nr. 239.515 and enrolled at the Taxpayers Register CPF</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">/MF</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;under nr. 220.578.448-03;</font> <font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">ELISA MARIANO SILVA</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">,</font> <font style="font-family: 'Century Gothic'; font-size: 9pt;">B</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">razilian, married, lawyer, </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">national identity card RG nr. </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">16.868.058</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">, issued by </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">SSP/MG</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">, with </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">professional </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">identity card OAB/</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">MG</font><font style="font-family: 'Century Gothic'; font-size: 9pt;"> nr. </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">156.640</font><font style="font-family: 'Century Gothic'; font-size: 9pt;"> and </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">enrolled at the Taxpayers Register CPF/MF under nr. </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">102.526.416-98</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">;</font><font style="font-family: 'Century Gothic'; font-size: 9pt;"> and </font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">JAQUELINE FARIAS GALV&#195;O</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">,</font><font style="font-family: 'Century Gothic'; font-size: 9pt;"> Brazilian, </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">married</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">, lawyer, </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">national identity card RG nr. </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">54.658.210-2</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">, issued by </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">SSP/SP</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">, </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">with </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">professional </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">identity card OAB/</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">SP</font><font style="font-family: 'Century Gothic'; font-size: 9pt;"> nr. </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">501.932</font><font style="font-family: 'Century Gothic'; font-size: 9pt;"> and enrolled at the Taxpayers Register CPF</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">/MF</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;under nr</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">.</font> <font style="font-family: 'Century Gothic'; font-size: 9pt;">479.242.238-86</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">;</font> <font style="font-family: 'Century Gothic'; font-size: 9pt;">with powers, acting individually and independently of the order of nomination, to represent the </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">Principal</font><font style="font-family: 'Century Gothic'; font-size: 9pt;"> as holder of [</font><font style="background-color: #c0c0c0; font-family: 'Century Gothic'; font-size: 9pt;">&#8226;</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">] (</font><font style="background-color: #c0c0c0; font-family: 'Century Gothic'; font-size: 9pt;">[</font><font style="background-color: #c0c0c0; font-family: 'Century Gothic'; font-size: 9pt; font-style: italic;">number of shares in words</font><font style="background-color: #c0c0c0; font-family: 'Century Gothic'; font-size: 9pt;">]</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">) common shares issued by </font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">ULTRAPAR PARTICIPA&#199;&#213;ES S.A.</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">, a publicly</font> <font style="font-family: 'Century Gothic'; font-size: 9pt;">traded company registered in the corporate tax register (CNPJ</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">/MF</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">) under n</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">r.</font><font style="font-family: 'Century Gothic'; font-size: 9pt;"> 33.256.439/0001-39, with corporate headquarters at Brigadeiro Lu&#237;s Ant&#244;nio avenue, nr. 1</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">.</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">343, 9</font><font style="font-family: 'Century Gothic'; font-size: 6pt; vertical-align: super;">th</font><font style="font-family: 'Century Gothic'; font-size: 9pt;"> floor, in the City and State of S&#227;o Paulo (&#8220;Company&#8221;), in the Annual and Extraordinary General Shareholders&#8217; Meeting to be held at 2:00 p.m.</font><font style="font-family: 'Century Gothic'; font-size: 9pt;"> (Brazil time)</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">, on April</font><font style="font-family: 'Century Gothic'; font-size: 9pt;"> 1</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">7</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">th</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">, 202</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">4</font><font style="font-family: 'Century Gothic'; font-size: 9pt;"> (&#8220;Meeting&#8221;)</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">, </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">exclusively in digital form</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">, for the specific purpose of </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">representing the Principal at the Meeting and </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">voting in strict conformity with the following guidance:</font></p>
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<p style="font-size: 9pt; line-height: 150%; margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">In Annual General Shareholders&#8217; Meeting:</font></p>
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<p style="font-size: 9pt; line-height: 150%; margin: 0pt 0pt 0pt 14.2pt; text-indent: -14.2pt;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">1)</font><font style="font-family: 'Century Gothic'; font-size: 9pt;"> Analysis and approval of the report and accounts of the Management, as well as the financial</font> <font style="font-family: 'Century Gothic'; font-size: 9pt;">statements for the fiscal year ended on December 31</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">st</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">, 202</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">3</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">, together with the report from the</font> <font style="font-family: 'Century Gothic'; font-size: 9pt;">Independent Auditors and the </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">opinion</font><font style="font-family: 'Century Gothic'; font-size: 9pt;"> from the Fiscal Council</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">.</font></p>
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<p style="font-size: 9pt; line-height: 150%; margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-style: italic;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Mark with an X in the box of your choice above.</font></p>
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<p style="font-size: 9pt; line-height: 150%; margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">2)</font><font style="font-family: 'Century Gothic'; font-size: 9pt;"> Allocation of net income for the fiscal year ended on December 31</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">st</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">, 202</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">3</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">.</font></p>
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<p style="font-size: 9pt; line-height: 150%; margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-style: italic;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Mark with an X in the box of your choice above.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font></p>
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<p style="font-size: 9pt; line-height: 150%; margin: 0pt;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">3)</font> <font style="font-family: 'Century Gothic'; font-size: 9pt;">Establishment of the Management&#8217;s global compensation</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">.</font></p>
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<p style="font-size: 9pt; line-height: 150%; margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-style: italic;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Mark with an X in the box of your choice above.</font></p>
<p style="line-height: 12pt; margin: 0pt 0pt 0pt 21.25pt; text-align: justify; text-indent: -21.25pt;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;</font></p>
<p style="font-size: 9pt; line-height: 150%; margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">4</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">) </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">E</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">lection of the members of the Fiscal Council and their respective alternates</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">,</font><font style="font-family: 'Century Gothic'; font-size: 9pt;"> given the request for </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">the </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">installation of the Fiscal Council made by a shareholder representing more than 2% of the voting shares issued by the Company, </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">under the terms of the Brazilian Federal&nbsp;</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">Law </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">No. </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">6,404/76 and CVM </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">Resolu</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">tion </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">70</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">/</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">22 (&#8220;RCVM 70&#8221;)</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">:</font></p>
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<p style="font-size: 9pt; line-height: 150%; margin: 0pt; text-align: center;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">Effective Members</font></p>




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<p style="font-size: 9pt; line-height: 150%; margin: 0pt; text-align: center;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">Fl</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">a</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">vio Cesar Maia Luz</font></p>




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<p style="font-size: 9pt; line-height: 150%; margin: 0pt; text-align: center;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">M&#225;rcio Augustus Ribeiro</font></p>




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<p style="font-size: 9pt; line-height: 150%; margin: 0pt; text-align: center;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">&#201;lcio</font><font style="font-family: 'Century Gothic'; font-size: 9pt;"> Arsenio Mattioli</font></p>




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<p style="font-size: 9pt; line-height: 150%; margin: 0pt; text-align: center;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">Pedro </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">Ozires</font> <font style="font-family: 'Century Gothic'; font-size: 9pt;">Predeus</font></p>




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<p style="font-size: 9pt; line-height: 150%; margin: 0pt; text-align: center;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">Marcelo Gon&#231;alves Farinha</font></p>




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<p style="font-size: 9pt; line-height: 150%; margin: 0pt; text-align: center;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">Luiz&nbsp;Claudio Moraes</font></p>




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<p style="font-size: 9pt; line-height: 150%; margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-style: italic;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Mark with an X in the box of your choice above.</font></p>
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<p style="font-size: 9pt; line-height: 150%; margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">5</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">)</font> <font style="font-family: 'Century Gothic'; font-size: 9pt;">Establishment of the compensation of the members of the Fiscal Council for the term of office that begins in April 202</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">4</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">.</font></p>
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<p style="font-size: 9pt; line-height: 150%; margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-style: italic;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Mark with an X in the box of your choice above.</font></p>
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<p style="font-size: 9pt; line-height: 150%; margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">In Extraordinary General Shareholders&#8217; Meeting:</font></p>
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<p style="font-size: 9pt; line-height: 150%; margin: 4pt 0pt 0pt 14.2pt; text-align: justify; text-indent: -14.2pt;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">1</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">)</font><font style="font-family: 'Century Gothic'; font-size: 9pt;"> Resolution on the following amendments to the Company&#8217;s Bylaws, as detailed in the Management Proposal disclosed to the market on this date:</font></p>
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<p style="font-size: 9pt; line-height: 150%; margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">(a) Inclusion of activity in the Company's </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">corporate</font> <font style="font-family: 'Century Gothic'; font-size: 9pt;">purpose;</font> </p>
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<p style="font-size: 9pt; line-height: 150%; margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-style: italic;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Mark with an X in the box of your choice above.</font></p>
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<p style="font-size: 9pt; line-height: 150%; margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 9pt;"> (b) </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">Changes of competencies</font><font style="font-family: 'Century Gothic'; font-size: 9pt;"> of the Board of </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">Directors;</font></p>
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<p style="font-size: 9pt; line-height: 150%; margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-style: italic;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Mark with an X in the box of your choice above.</font></p>
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<p style="font-size: 9pt; line-height: 150%; margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">(c) Exclusion of possibilit</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">ies</font> <font style="font-family: 'Century Gothic'; font-size: 9pt;">to replace</font><font style="font-family: 'Century Gothic'; font-size: 9pt;"> members of </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">the </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">statutory</font><font style="font-family: 'Century Gothic'; font-size: 9pt;"> advisory </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">committees</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">;</font></p>
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<p style="font-size: 9pt; line-height: 150%; margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-style: italic;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Mark with an X in the box of your choice above.</font></p>
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<p style="font-size: 9pt; line-height: 150%; margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">(d) </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">Change of</font><font style="font-family: 'Century Gothic'; font-size: 9pt;"> nomenclature and </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">competencies</font><font style="font-family: 'Century Gothic'; font-size: 9pt;"> of the </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">Board of Directors</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">&#8217;</font> <font style="font-family: 'Century Gothic'; font-size: 9pt;">advisory </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">committees;</font> </p>
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<p style="font-size: 9pt; line-height: 150%; margin: 0pt; text-align: center;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">In Favor</font></p>




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<p style="font-size: 9pt; line-height: 150%; margin: 0pt; text-align: center;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">Against</font></p>




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<p style="font-size: 9pt; line-height: 150%; margin: 0pt; text-align: center;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">Abstention</font></p>




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<p style="font-size: 9pt; line-height: 150%; margin: 0pt; text-align: center;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">[&nbsp; ]</font></p>




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<p style="font-size: 9pt; line-height: 150%; margin: 0pt; text-align: center;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">[&nbsp; ]</font></p>




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<p style="font-size: 9pt; line-height: 150%; margin: 0pt; text-align: center;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">[&nbsp; ]</font></p>




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<p style="font-size: 9pt; line-height: 150%; margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-style: italic;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Mark with an X in the box of your choice above.</font></p>
<p style="line-height: 12pt; margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-style: italic;">&nbsp;</font></p>
<p style="font-size: 9pt; line-height: 150%; margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">(e)</font> <font style="font-family: 'Century Gothic'; font-size: 9pt;">Simplification of the wording of statutory provisions, as well as </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">clarity and numbering </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">adjustments;</font></p>
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<p style="font-size: 9pt; line-height: 150%; margin: 0pt; text-align: center;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">In Favor</font></p>




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<p style="font-size: 9pt; line-height: 150%; margin: 0pt; text-align: center;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">Against</font></p>




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<p style="font-size: 9pt; line-height: 150%; margin: 0pt; text-align: center;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">Abstention</font></p>




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<p style="font-size: 9pt; line-height: 150%; margin: 0pt; text-align: center;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">[&nbsp; ]</font></p>




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<p style="font-size: 9pt; line-height: 150%; margin: 0pt; text-align: center;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">[&nbsp; ]</font></p>




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<p style="font-size: 9pt; line-height: 150%; margin: 0pt; text-align: center;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">[&nbsp; ]</font></p>




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<p style="font-size: 9pt; line-height: 150%; margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-style: italic;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Mark with an X in the box of your choice above.</font></p>
<p style="line-height: 12pt; margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">&nbsp;</font></p>
<p style="font-size: 9pt; line-height: 150%; margin: 4pt 0pt 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">2</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">)</font> <font style="font-family: 'Century Gothic'; font-size: 9pt;">Ratification of the change in the number of common shares into which the Company&#8217;s capital stock is divided, due to the partial exercise of the rights conferred by the subscription warrants issued by the Company as of the merger of shares issued by </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">Imifarma</font> <font style="font-family: 'Century Gothic'; font-size: 9pt;">Produtos</font> <font style="font-family: 'Century Gothic'; font-size: 9pt;">Farmac&#234;uticos</font><font style="font-family: 'Century Gothic'; font-size: 9pt;"> e </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">Cosm&#233;ticos</font><font style="font-family: 'Century Gothic'; font-size: 9pt;"> S.A. by the Company</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">, approved</font><font style="font-family: 'Century Gothic'; font-size: 9pt;"> by the Extraordinary General Shareholders&#8217; Meeting held on January </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">3</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">1st</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">, 2014</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">; and</font></p>
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<p style="font-size: 9pt; line-height: 150%; margin: 0pt; text-align: center;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">In Favor</font></p>




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<p style="font-size: 9pt; line-height: 150%; margin: 0pt; text-align: center;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">Against</font></p>




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<p style="font-size: 9pt; line-height: 150%; margin: 0pt; text-align: center;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">Abstention</font></p>




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<p style="font-size: 9pt; line-height: 150%; margin: 0pt; text-align: center;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">[&nbsp; ]</font></p>




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<p style="font-size: 9pt; line-height: 150%; margin: 0pt; text-align: center;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">[&nbsp; ]</font></p>




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<p style="font-size: 9pt; line-height: 150%; margin: 0pt; text-align: center;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">[&nbsp; ]</font></p>




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<p style="font-size: 9pt; line-height: 150%; margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-style: italic;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Mark with an X in the box of your choice above.</font></p>
<p style="line-height: 12pt; margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-style: italic;">&nbsp;</font></p>
<p style="font-size: 9pt; line-height: 150%; margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">3</font><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">)</font><font style="font-family: 'Century Gothic'; font-size: 9pt;"> Approval of the consolidation of the Bylaws, </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">in order </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">to</font><font style="font-family: 'Century Gothic'; font-size: 9pt;"> reflect the changes proposed in the items above.</font></p>
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<p style="font-size: 9pt; line-height: 150%; margin: 0pt; text-align: center;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">In Favor</font></p>




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<p style="font-size: 9pt; line-height: 150%; margin: 0pt; text-align: center;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">Against</font></p>




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<p style="font-size: 9pt; line-height: 150%; margin: 0pt; text-align: center;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">Abstention</font></p>




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<p style="font-size: 9pt; line-height: 150%; margin: 0pt; text-align: center;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">[&nbsp; ]</font></p>




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<p style="font-size: 9pt; line-height: 150%; margin: 0pt; text-align: center;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">[&nbsp; ]</font></p>




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<p style="font-size: 9pt; line-height: 150%; margin: 0pt; text-align: center;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">[&nbsp; ]</font></p>




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<p style="font-size: 9pt; line-height: 150%; margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 9pt; font-style: italic;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Mark with an X in the box of your choice above.</font></p>
<p style="font-size: 9pt; line-height: 150%; margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;</font></p>
<p style="font-size: 9pt; line-height: 150%; margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">The attorneys-in-fact hereby nominated have no right or obligation whatsoever to take any other measures in the name of the </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">Principal</font><font style="font-family: 'Century Gothic'; font-size: 9pt;"> not expressly provided for in this instrument or which are necessary to its exact fulfillment.</font></p>
<p style="font-size: 9pt; line-height: 150%; margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;</font></p>
<p style="font-size: 9pt; line-height: 150%; margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">This power of attorney, which may be delegated in full or partially, shall be valid for the </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">aforementioned Meeting</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">.</font></p>
<p style="font-size: 9pt; line-height: 150%; margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;</font></p>
<p style="font-size: 9pt; line-height: 150%; margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">The present instrument is valid until April </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">18</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">, 202</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">4</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">.</font></p>
<p style="font-size: 9pt; line-height: 150%; margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;</font></p>
<p style="font-size: 9pt; line-height: 150%; margin: 0pt; text-align: center;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">[</font><font style="background-color: #c0c0c0; font-family: 'Century Gothic'; font-size: 9pt; font-style: italic;">day</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">] [</font><font style="background-color: #c0c0c0; font-family: 'Century Gothic'; font-size: 9pt; font-style: italic;">month</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">] 202</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">4</font></p>
<p style="font-size: 9pt; line-height: 150%; margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;</font></p>
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<p style="font-size: 9pt; line-height: 150%; margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;</font></p>




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<p style="font-size: 9pt; line-height: 150%; margin: 0pt; text-align: center;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">[</font><font style="background-color: #c0c0c0; font-family: 'Century Gothic'; font-size: 9pt; font-style: italic;">Shareholder</font><font style="font-family: 'Century Gothic'; font-size: 9pt;">]</font></p>



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<p style="margin: 0px; text-align: center; line-height: 1.5; text-indent: 0px;"><font style="font-family: Arial; font-size: 12pt; font-weight: bold; line-height: inherit;">DISTANCE VOTING BALLOT</font></p>
<p style="margin: 0px; text-align: center; line-height: 1.5; text-indent: 0px;"><font style="font-family: Arial; font-size: 12pt; font-weight: bold; line-height: inherit;"><a style="text-decoration: none; color: rgb(0, 0, 0); cursor: default; outline: none;" href="#TOC" name="Baaa6_162202461257571" class="customBookmark">Annual General Meeting (AGM)</a> - ULTRAPAR PARTICIPACOES S.A. to be held on 04/17/2024</font></p>
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<p style="margin: 2.35pt 0pt 0pt 2pt; orphans: 0; widows: 0;"><font style="font-family: Arial; font-size: 10pt; font-weight: bold;">Shareholder's Name</font></p>













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<p style="margin: 2.35pt 0pt 0pt 2pt; orphans: 0; widows: 0;"><font style="font-family: Arial; font-size: 10pt; font-weight: bold;">Shareholder's CNPJ or CPF</font></p>













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<p style="margin: 2.35pt 0pt 0pt 2pt; orphans: 0; widows: 0;"><font style="font-family: Arial; font-size: 10pt; font-weight: bold;">E-mail</font></p>













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<p style="margin: 4.35pt 0pt 0pt 4pt; text-align: justify; line-height: 1.2;"><font style="font-family: Arial; font-size: 10pt; font-weight: bold; line-height: inherit;">Instructions on how to cast your vote</font></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 3.75pt 3.05pt 0pt 4pt; text-align: justify;"><font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">This ballot for the Annual General Meeting (&#8220;AGM&#8221;) should be completed if the shareholder</font> <font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">chooses to exercise their voting rights remotely pursuant to CVM Resolution 81/22. In this event, it</font> <font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">is mandatory that the foregoing fields are completed with the name (or corporate name) in full of</font> <font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">the shareholder and the Corporate or Individual number in the tax register (CNPJ/MF and CPF/MF</font> <font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">respectively), as well as an email address for eventual contact.&nbsp;</font></p>
<p style="margin: 0.15pt 0pt 0pt; orphans: 0; widows: 0;"><font style="font-family: Arial; font-size: 8.5pt; font-weight: bold;">&nbsp;</font></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 0.05pt 0pt 0pt 4pt;"><font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">For</font> <font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">this</font> <font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">voting</font> <font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">ballot</font> <font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">to</font> <font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">be</font> <font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">valid</font> <font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">and</font> <font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">the</font> <font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">votes</font> <font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">cast</font> <font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">included</font> <font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">in</font> <font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">the</font> <font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">quorum</font> <font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">for</font> <font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">the</font> <font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">AGM,</font> <font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">the</font> <font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">following</font> <font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">instructions</font> <font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">should</font> <font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">be</font> <font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">followed:</font></p>
<p style="line-height: 1.2; margin: 0pt 0pt 0pt 20.25pt; text-indent: -16.3pt;"><font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">&#8226;</font><font style="font-style: normal; font-variant: normal; font-kerning: auto; font-optical-sizing: auto; font-feature-settings: normal; font-variation-settings: normal; font-weight: normal; font-stretch: normal; font-size: 7pt; line-height: inherit; font-family: 'Times New Roman';">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">The fields of this ballot should be completed accordingly;</font></p>
<p style="line-height: 1.2; margin: 0pt 0pt 0pt 20.25pt; text-indent: -16.3pt;"><font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">&#8226;</font><font style="font-style: normal; font-variant: normal; font-kerning: auto; font-optical-sizing: auto; font-feature-settings: normal; font-variation-settings: normal; font-weight: normal; font-stretch: normal; font-size: 7pt; line-height: inherit; font-family: 'Times New Roman';">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">Every page in this ballot should be initialed;</font></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 0.45pt 0pt 0pt 4pt; text-indent: 0pt;"><font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">&#8226;</font><font style="font-style: normal; font-variant: normal; font-kerning: auto; font-optical-sizing: auto; font-feature-settings: normal; font-variation-settings: normal; font-weight: normal; font-stretch: normal; font-size: 7pt; line-height: inherit; font-family: 'Times New Roman';">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">At</font> <font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">the</font> <font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">end,</font> <font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">the</font> <font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">shareholder</font> <font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">or</font> <font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">their</font> <font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">legal</font> <font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">representative(s),</font> <font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">as</font> <font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">the</font> <font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">case</font> <font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">may</font> <font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">be</font> <font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">and</font> <font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">pursuant</font> <font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">to</font> <font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">the</font> <font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">prevailing</font> <font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">legislation,</font> <font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">should</font> <font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">sign</font> <font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">the</font> <font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">ballot.</font></p>
<p style="margin: 0.2pt 0pt 0pt; line-height: 1.2;"><font style="font-family: Arial; font-size: 8.5pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 0pt 3.15pt 0pt 4pt; text-align: justify;"><font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">Once the ballot and required documentation are received by the Company, the Company shall</font> <font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">notify,</font> <font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">within</font> <font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">3</font> <font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">(three)</font> <font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">business</font> <font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">days,</font> <font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">the</font> <font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">shareholder</font> <font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">of</font> <font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">their</font> <font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">receipt</font> <font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">and</font> <font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">acceptance</font> <font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">or</font> <font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">request</font> <font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">its</font> <font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">correction,</font> <font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">pursuant</font> <font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">to</font> <font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">CVM</font> <font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">Resolution</font> <font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">81/22.</font></p>
<p style="margin: 0.2pt 0pt 0pt; line-height: 1.2;"><font style="font-family: Arial; font-size: 8.5pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 0.05pt 3.25pt 0pt 4pt; text-align: justify;"><font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">The</font> <font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">ballot</font> <font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">and</font> <font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">other</font> <font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">substantiating</font> <font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">documents</font> <font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">shall</font> <font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">be</font> <font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">filed</font> <font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">at</font> <font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">the</font> <font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">Company</font> <font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">in</font> <font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">up</font> <font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">to</font> <font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">7</font> <font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">days</font> <font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">prior</font> <font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">to the date of the AGM, that is by April 10, 2024. Any ballots received by the Company after that</font> <font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">date</font> <font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">shall</font> <font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">be</font> <font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">disregarded.</font></p>
<p style="margin: 0.2pt 0pt 0pt; line-height: 1.2;"><font style="font-family: Arial; font-size: 8.5pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 0pt 2.6pt 0pt 4pt; text-align: justify;"><font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">The &#8220;AEGM Manual&#8221;, sometimes referred to in this ballot, is available to the shareholders at the</font> <font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">Company&#8217;s</font> <font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">corporate</font> <font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">headquarters,</font> <font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">in</font> <font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">its</font> <font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">website</font> <font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">(ri.ultra.com.br)</font> <font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">and</font> <font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">the</font> <font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">websites</font> <font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">of</font> <font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">the</font> <font style="font-family: 'Arial MT'; font-size: 10pt; letter-spacing: 0.65pt; line-height: inherit;">Securities </font><font style="font-family: 'Arial MT'; font-size: 10pt; letter-spacing: 0.5pt; line-height: inherit;">and</font> <font style="font-family: 'Arial MT'; font-size: 10pt; letter-spacing: 0.65pt; line-height: inherit;">Exchange Commission </font><font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">of</font> <font style="font-family: 'Arial MT'; font-size: 10pt; letter-spacing: 0.6pt; line-height: inherit;">Brazil </font><font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">&#8211;</font> <font style="font-family: 'Arial MT'; font-size: 10pt; letter-spacing: 0.5pt; line-height: inherit;">CVM</font> <font style="font-family: 'Arial MT'; font-size: 10pt; letter-spacing: 0.7pt; line-height: inherit;">(www.cvm.gov.br) </font><font style="font-family: 'Arial MT'; font-size: 10pt; letter-spacing: 0.5pt; line-height: inherit;">and</font> <font style="font-family: 'Arial MT'; font-size: 10pt; letter-spacing: 0.75pt; line-height: inherit;">B3</font> <font style="font-family: 'Arial MT'; font-size: 10pt; letter-spacing: 0.75pt; line-height: inherit;">(www.b3.com.br).</font></p>













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<p style="font-size: 10pt; line-height: 1.2; margin: 5.55pt 2.85pt 0pt 4pt;"><font style="font-family: Arial; font-size: 10pt; font-weight: bold; line-height: inherit;">Instructions for sending your ballot, indicating the delivery process by sending it directly to</font> <font style="font-family: Arial; font-size: 10pt; font-weight: bold; line-height: inherit;">the Company or through a qualified service provider</font></p>
<p style="margin: 5.8pt 0pt 0pt 4pt; line-height: 1.2;"><font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">The shareholder choosing to exercise their voting rights remotely may:</font></p>
<p style="line-height: 1.2; margin: 8.5pt 0pt 0pt 4pt;"><font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">A. Send the ballot directly to the Company</font></p>
<p style="line-height: 1.2; margin: 0pt 0pt 0pt 4pt;"><font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">For this purpose, they should submit the following documents:</font></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 0.45pt 0pt 0pt 4pt; text-indent: 0pt;"><font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">&#8226;</font><font style="font-style: normal; font-variant: normal; font-kerning: auto; font-optical-sizing: auto; font-feature-settings: normal; font-variation-settings: normal; font-weight: normal; font-stretch: normal; font-size: 7pt; line-height: inherit; font-family: 'Times New Roman';">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">Original</font> <font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">copy</font> <font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">of</font> <font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">this</font> <font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">ballot</font> <font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">duly</font> <font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">completed</font> <font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">with</font> <font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">every</font> <font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">page</font> <font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">initialed</font> <font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">and</font> <font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">signed</font> <font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">at</font> <font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">the</font> <font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">end</font> <font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">according</font> <font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">to</font> <font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">the</font> <font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">instructions</font> <font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">for</font> <font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">completion</font> <font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">described</font> <font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">above;</font></p>
<p style="line-height: 1.2; margin: 0pt 0pt 0pt 20.25pt; text-indent: -16.3pt;"><font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">&#8226;</font><font style="font-style: normal; font-variant: normal; font-kerning: auto; font-optical-sizing: auto; font-feature-settings: normal; font-variation-settings: normal; font-weight: normal; font-stretch: normal; font-size: 7pt; line-height: inherit; font-family: 'Times New Roman';">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">Certified copy of the following documents:</font></p>
<p style="line-height: 1.2; margin: 8.5pt 0pt 0pt 4pt;"><font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">Individuals:</font></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 0.5pt 2.1pt 0pt 4pt; text-indent: 0pt;"><font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">(i)</font><font style="font-style: normal; font-variant: normal; font-kerning: auto; font-optical-sizing: auto; font-feature-settings: normal; font-variation-settings: normal; font-weight: normal; font-stretch: normal; font-size: 7pt; line-height: inherit; font-family: 'Times New Roman';">&nbsp;&nbsp; </font><font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">ID</font> <font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">card</font> <font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">with</font> <font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">the</font> <font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">shareholder&#8217;s</font> <font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">photograph</font> <font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">(RG,</font> <font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">RNE</font> <font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">(foreigner&#8217;s</font> <font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">ID),</font> <font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">CNH</font> <font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">(driver&#8217;s</font> <font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">license),</font> <font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">passport</font> <font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">or</font> <font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">ID</font> <font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">issued</font> <font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">by</font> <font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">an</font> <font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">officially</font> <font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">recognized</font> <font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">professional</font> <font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">class);</font></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 0pt 3.25pt 0pt 4pt; text-indent: 0pt;"><font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">(ii)</font><font style="font-style: normal; font-variant: normal; font-kerning: auto; font-optical-sizing: auto; font-feature-settings: normal; font-variation-settings: normal; font-weight: normal; font-stretch: normal; font-size: 7pt; line-height: inherit; font-family: 'Times New Roman';">&nbsp; </font><font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">in</font> <font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">the</font> <font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">case</font> <font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">of</font> <font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">an</font> <font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">attorney-in-fact,</font> <font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">ID</font> <font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">document</font> <font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">with</font> <font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">a</font> <font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">photograph</font> <font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">of</font> <font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">the</font> <font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">same</font> <font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">and</font> <font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">a</font> <font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">power</font> <font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">of</font> <font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">attorney.</font></p>
<p style="line-height: 1.2; margin: 8.75pt 0pt 0pt 4pt; text-align: justify;"><font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">Legal entities:</font></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 0.45pt 3.25pt 0pt 4pt; text-align: justify; text-indent: 0pt;"><font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">(i)</font><font style="font-style: normal; font-variant: normal; font-kerning: auto; font-optical-sizing: auto; font-feature-settings: normal; font-variation-settings: normal; font-weight: normal; font-stretch: normal; font-size: 7pt; line-height: inherit; font-family: 'Times New Roman';">&nbsp; </font><font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">consolidated corporate bylaws or articles of association and corporate acts providing evidence</font> <font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">as to the powers to represent the shareholder (minutes of election of the officers and/or power of</font> <font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">attorney);</font></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 0pt 2.2pt 0pt 4pt; text-align: justify; text-indent: 0pt;"><font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">(ii)</font><font style="font-style: normal; font-variant: normal; font-kerning: auto; font-optical-sizing: auto; font-feature-settings: normal; font-variation-settings: normal; font-weight: normal; font-stretch: normal; font-size: 7pt; line-height: inherit; font-family: 'Times New Roman';">&nbsp; </font><font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">ID card with the representative&#8217;s photograph (RG, RNE (foreigner&#8217;s ID), CNH (driver&#8217;s license),</font> <font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">passport</font> <font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">or</font> <font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">ID</font> <font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">issued</font> <font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">by</font> <font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">an</font> <font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">officially</font> <font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">recognized</font> <font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">professional</font> <font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">class);</font></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 0pt 3.3pt 0pt 4pt; text-align: justify; text-indent: 0pt;"><font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">(iii)</font><font style="font-style: normal; font-variant: normal; font-kerning: auto; font-optical-sizing: auto; font-feature-settings: normal; font-variation-settings: normal; font-weight: normal; font-stretch: normal; font-size: 7pt; line-height: inherit; font-family: 'Times New Roman';">&nbsp; </font><font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">in the case of an attorney-in-fact, ID document with a photograph of the same and a power of</font> <font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">attorney.</font></p>
<p style="line-height: 1.2; margin: 8.75pt 0pt 0pt 4pt;"><font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">Investment funds:</font></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 0.5pt 0pt 0pt 4pt;"><font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">The</font> <font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">shareholders</font> <font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">constituted</font> <font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">as</font> <font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">investment</font> <font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">funds</font> <font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">shall</font> <font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">deliver</font> <font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">to</font> <font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">the</font> <font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">Company,</font> <font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">within</font> <font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">the</font> <font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">term</font> <font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">stipulated</font> <font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">under</font> <font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">item</font> <font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">(a)</font> <font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">above:</font></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 0pt 3.25pt 0pt 4pt; text-indent: 0pt;"><font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">(i)</font><font style="font-style: normal; font-variant: normal; font-kerning: auto; font-optical-sizing: auto; font-feature-settings: normal; font-variation-settings: normal; font-weight: normal; font-stretch: normal; font-size: 7pt; line-height: inherit; font-family: 'Times New Roman';">&nbsp; </font><font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">evidence</font> <font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">of</font> <font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">the</font> <font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">capacity</font> <font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">of</font> <font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">a</font> <font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">manager</font> <font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">of</font> <font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">the</font> <font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">investment</font> <font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">fund</font> <font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">granted</font> <font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">to</font> <font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">an</font> <font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">individual</font> <font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">or</font> <font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">legal</font> <font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">entity</font> <font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">to</font> <font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">represent</font> <font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">it</font> <font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">at</font> <font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">the</font> <font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">general</font> <font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">meeting</font> <font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">or</font> <font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">who</font> <font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">has</font> <font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">granted</font> <font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">powers</font> <font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">to</font> <font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">the</font> <font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">attorney-in-fact;</font></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 0pt 3.15pt 0pt 4pt; text-indent: 0pt;"><font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">(ii)</font><font style="font-style: normal; font-variant: normal; font-kerning: auto; font-optical-sizing: auto; font-feature-settings: normal; font-variation-settings: normal; font-weight: normal; font-stretch: normal; font-size: 7pt; line-height: inherit; font-family: 'Times New Roman';">&nbsp;&nbsp; </font><font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">the</font> <font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">corporate</font> <font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">act</font> <font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">of</font> <font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">the</font> <font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">manager,</font> <font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">if</font> <font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">a</font> <font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">legal</font> <font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">entity,</font> <font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">granting</font> <font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">powers</font> <font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">to</font> <font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">the</font> <font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">representative</font> <font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">to</font> <font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">participate</font> <font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">in</font> <font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">the</font> <font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">general</font> <font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">meeting</font> <font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">or</font> <font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">to</font> <font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">whom</font> <font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">the</font> <font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">power-of-attorney</font> <font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">has</font> <font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">been</font> <font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">granted;</font> <font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">and</font></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 0pt 3.05pt 0pt 4pt; text-indent: 0pt;"><font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">(iii)</font><font style="font-style: normal; font-variant: normal; font-kerning: auto; font-optical-sizing: auto; font-feature-settings: normal; font-variation-settings: normal; font-weight: normal; font-stretch: normal; font-size: 7pt; line-height: inherit; font-family: 'Times New Roman';">&nbsp;&nbsp;&nbsp; </font><font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">should</font> <font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">the</font> <font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">representative</font> <font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">or</font> <font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">attorney-in-fact</font> <font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">be</font> <font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">a</font> <font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">legal</font> <font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">entity,</font> <font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">documents</font> <font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">listed</font> <font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">on</font> <font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">item</font> <font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">&#8220;Corporate</font> <font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">Shareholder&#8221;</font> <font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">related</font> <font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">to</font> <font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">them</font> <font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">shall</font> <font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">be</font> <font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">presented</font> <font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">to</font> <font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">the</font> <font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">Company.</font></p>
<p style="line-height: 1.2; margin: 8.75pt 0pt 0pt 4pt; text-align: justify;"><font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">B. Exercising voting rights through service providers</font></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 0.45pt 3.2pt 0pt 4pt; text-align: justify;"><font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">The shareholder that chooses to exercise voting rights remotely through service providers shall</font> <font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">contact their custodians or securities registry institution for the Company&#8217;s shares, whether or not</font> <font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">their shares are deposited with a central depositary, pursuant to compliance with their rules for</font> <font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">transmission</font> <font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">of</font> <font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">the</font> <font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">shareholder&#8217;s</font> <font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">voting</font> <font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">instructions.</font></p>













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<p style="margin: 0pt; font-family: 'times new roman'; font-size: 10pt;"><font style="font-family: 'times new roman'; font-size: 10pt;">&nbsp;</font></p>
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<p style="margin: 0pt; font-family: 'times new roman'; font-size: 7pt;"><font style="font-family: 'times new roman'; font-size: 7pt;">&nbsp;</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-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; background-color: #ffffff; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; text-align: center; line-height: 1.5;"><font style="color: #000000; font-family: Arial; font-size: 16px; 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; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">DISTANCE VOTING BALLOT</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-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; background-color: #ffffff; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; text-align: center; line-height: 1.5;"><font style="font-family: Arial; font-size: 12pt; font-weight: bold; line-height: inherit;">Annual General Meeting (AGM) - ULTRAPAR PARTICIPACOES S.A. to be held on 04/17/2024</font></p>
<p style="margin: 0pt; font-family: 'times new roman'; font-size: 7pt;"><font style="font-family: 'times new roman'; font-size: 7pt;">&nbsp;</font></p>
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<p style="margin: 0.55pt 0pt 0pt; orphans: 0; widows: 0;"><font style="font-family: Arial; font-size: 12pt; font-weight: bold;">&nbsp;</font></p>
<p style="margin: 0pt 0pt 0pt 4pt; line-height: 1.2;"><font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">For further information, please see the AEGM Manual available in ri.ultra.com.br.</font></p>













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<p style="font-size: 10pt; line-height: 1.2; margin: 5.55pt 8.4pt 0pt 4pt;"><font style="font-family: Arial; font-size: 10pt; font-weight: bold; line-height: inherit;">Postal and e-mail address to send the distance voting ballot, if the shareholder chooses to</font> <font style="font-family: Arial; font-size: 10pt; font-weight: bold; line-height: inherit;">deliver the document directly to the company / Instructions for meetings that allow</font> <font style="font-family: Arial; font-size: 10pt; font-weight: bold; line-height: inherit;">electronic system's participation, when that is the case.</font></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 4pt 13.2pt 0pt 4pt;"><font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">Address: Brigadeiro Lu&#237;s Ant&#244;nio avenue, 1343, 8th floor, Bela Vista, CEP (zip code) 01317-910</font> <font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">S&#227;o Paulo/SP &#8211; Brazil</font></p>
<p style="font-size: 11pt; line-height: 1.2; margin: 0pt 204.25pt 0pt 4pt;"><font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">To the attention of the Investor Relations Department</font> </p>
<p style="font-size: 11pt; line-height: 1.2; margin: 0pt 204.25pt 0pt 4pt;"><font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">E-mail: </font><font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">invest@ultra.com.br</font></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 0pt 0pt 0pt 4pt;"><font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">If</font> <font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">preferred,</font> <font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">the</font> <font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">shareholder</font> <font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">may</font> <font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">send</font> <font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">electronic</font> <font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">copies</font> <font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">of</font> <font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">this</font> <font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">ballot</font> <font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">and</font> <font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">the</font> <font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">documents</font> <font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">to</font> <font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">the</font> <font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">Company&#8217;s</font> <font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">e-mail</font> <font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">address</font> <font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">by</font> <font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">April</font> <font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">10,</font> <font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">2024.</font></p>













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<p style="font-size: 10pt; line-height: 1.2; margin: 5.55pt 0pt 0pt 4pt;"><font style="font-family: Arial; font-size: 10pt; font-weight: bold; line-height: inherit;">Indication of the institution hired by the company to provide the registrar service of</font> <font style="font-family: Arial; font-size: 10pt; font-weight: bold; line-height: inherit;">securities,</font> <font style="font-family: Arial; font-size: 10pt; font-weight: bold; line-height: inherit;">with</font> <font style="font-family: Arial; font-size: 10pt; font-weight: bold; line-height: inherit;">name,</font> <font style="font-family: Arial; font-size: 10pt; font-weight: bold; line-height: inherit;">physical</font> <font style="font-family: Arial; font-size: 10pt; font-weight: bold; line-height: inherit;">and</font> <font style="font-family: Arial; font-size: 10pt; font-weight: bold; line-height: inherit;">electronic</font> <font style="font-family: Arial; font-size: 10pt; font-weight: bold; line-height: inherit;">address,</font> <font style="font-family: Arial; font-size: 10pt; font-weight: bold; line-height: inherit;">contact</font> <font style="font-family: Arial; font-size: 10pt; font-weight: bold; line-height: inherit;">person</font> <font style="font-family: Arial; font-size: 10pt; font-weight: bold; line-height: inherit;">and</font> <font style="font-family: Arial; font-size: 10pt; font-weight: bold; line-height: inherit;">phone</font> <font style="font-family: Arial; font-size: 10pt; font-weight: bold; line-height: inherit;">number</font></p>
<p style="line-height: 1.2; margin: 2.8pt 0pt 0pt 4pt;"><font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">Banco Bradesco S.A</font></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 0.45pt 88.3pt 0pt 4pt;"><font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">Departamento de A&#231;&#245;es e Cust&#243;dia (Securities and Custody Department)</font> </p>
<p style="font-size: 10pt; line-height: 1.2; margin: 0.45pt 88.3pt 0pt 4pt;"><font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">Address: N&#250;cleo Cidade de Deus, Yellow building, 2nd floor, Vila Yara, Osasco&nbsp;</font></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 0.45pt 88.3pt 0pt 4pt;"><font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">CEP (zip code) 06029-900</font></p>
<p style="line-height: 1.2; margin: 0pt 0pt 0pt 4pt;"><font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">Osasco/SP &#8211; Brazil</font></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 9.75pt 303.95pt 0pt 4pt;"><font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">Shareholder service channels:</font></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 0pt 303.95pt 0pt 4pt;"><font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">Telephone: 0800 701-1616</font></p>
<p style="font-size: 11pt; line-height: 1.2; margin: 0pt 225.4pt 0pt 4pt;"><font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">Business days from 8:00 a.m. to 5:00 p.m (BRT)</font> </p>
<p style="font-size: 11pt; line-height: 1.2; margin: 0pt 225.4pt 0pt 4pt;"><font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">E-mail: </font><font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">dac.acecustodia@bradesco.com.br</font></p>













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<p style="line-height: 10.15pt; margin: 2.35pt 0pt 0pt 2pt; orphans: 0; widows: 0;"><font style="font-family: Arial; font-size: 10pt; font-weight: bold;">Resolutions concerning the Annual General Meeting (AGM)</font></p>













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<p style="margin: 4.35pt 0pt 0pt 4pt; line-height: 1.2;"><font style="font-family: Arial; font-size: 10pt; font-weight: bold; line-height: inherit;">[Eligible tickers in this resolution: UGPA3]</font></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 7.75pt 0pt 0pt 4pt;"><font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">1.</font> <font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">Analysis and approval of the report and accounts of the Management, as well as the financial</font> <font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">statements of the fiscal year ended on December 31st, 2023, together with the report from the</font> <font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">Independent Auditors and the opinion from the Fiscal Council.</font></p>
<p style="margin: 0.35pt 0pt 0pt; line-height: 1.2;"><font style="font-family: Arial; font-size: 12pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt 0pt 0pt 6.75pt; line-height: 1.2;"><font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">[&nbsp;&nbsp;</font> <font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">] Approve [&nbsp;&nbsp; ] Reject [&nbsp;&nbsp; ] Abstain&nbsp;</font></p>













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<p style="margin: 4.35pt 0pt 0pt 4pt; line-height: 1.2;"><font style="font-family: Arial; font-size: 10pt; font-weight: bold; line-height: inherit;">[Eligible tickers in this resolution: UGPA3]</font></p>
<p style="margin: 6.5pt 0pt 0pt 4pt; line-height: 1.2;"><font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">2.</font> <font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">Allocation of net income for the fiscal year ended on December 31st, 2023.</font></p>
<p style="margin: 0.1pt 0pt 0pt; line-height: 1.2;"><font style="font-family: Arial; font-size: 12pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt 0pt 0pt 6.75pt; line-height: 1.2;"><font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">[</font>&nbsp; &nbsp;<font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">] Approve [&nbsp;&nbsp; ] Reject [&nbsp;&nbsp; ] Abstain</font></p>













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<p style="margin: 4.35pt 0pt 0pt 4pt; line-height: 1.2;"><font style="font-family: Arial; font-size: 10pt; font-weight: bold; line-height: inherit;">[Eligible tickers in this resolution: UGPA3]</font></p>
<p style="margin: 6.5pt 0pt 0pt 4pt; line-height: 1.2;"><font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">3.</font> <font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">Establishment of the Managements global compensation.</font></p>
<p style="margin: 0.1pt 0pt 0pt; line-height: 1.2;"><font style="font-family: Arial; font-size: 12pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt 0pt 0pt 6.75pt; line-height: 1.2;"><font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">[</font>&nbsp; &nbsp;<font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">] Approve [&nbsp;&nbsp; ] Reject [&nbsp;&nbsp; ] Abstain</font></p>













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<p style="margin: 4.35pt 0pt 0pt 4pt; line-height: 1.2;"><font style="font-family: Arial; font-size: 10pt; font-weight: bold; line-height: inherit;">[Eligible tickers in this resolution: UGPA3]</font></p>
<p style="margin: 2.5pt 0pt 0pt 4pt; line-height: 1.2;"><font style="font-family: Arial; font-size: 10pt; font-weight: bold; line-height: inherit;">Election of the fiscal council by candidate - Total members to be elected: 3</font></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 3.75pt 0pt 0pt 4pt;"><font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">4.</font> <font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">Nomination of candidates to the fiscal council (the shareholder may nominate as many</font> <font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">candidates as there are seats to be filled in the general election).</font></p>
<p style="margin: 0.35pt 0pt 0pt; line-height: 1.2;"><font style="font-family: Arial; font-size: 12pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>
<p style="font-size: 10pt; line-height: 2; margin: 0pt 221.75pt 0pt 6.75pt; text-indent: -2.8pt;"><font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">Flavio Cesar Maia Luz / M&#225;rcio Augustus Ribeiro&nbsp;</font></p>
<p style="font-size: 10pt; line-height: 2; margin: 0pt 221.75pt 0pt 6.75pt; text-indent: -2.8pt;"><font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">[</font>&nbsp; &nbsp;<font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">] Approve [&nbsp;&nbsp;</font> <font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">] Reject [</font>&nbsp; &nbsp;<font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">] Abstain</font></p>
<p style="font-size: 10pt; line-height: 2; margin: 4pt 239pt 0pt 6.75pt; text-indent: -2.8pt;"><font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">&#201;lcio Arsenio Mattioli / Pedro Ozires Predeus</font> </p>
<p style="font-size: 10pt; line-height: 2; margin: 4pt 239pt 0pt 6.75pt; text-indent: -2.8pt;"><font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">[</font>&nbsp; &nbsp;<font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">] Approve [&nbsp;&nbsp;</font> <font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">] Reject [&nbsp;&nbsp;</font> <font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">] Abstain</font></p>
<p style="font-size: 10pt; line-height: 2; margin: 3.95pt 216.75pt 0pt 6.75pt; text-indent: -2.8pt;"><font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">Marcelo Gon&#231;alves Farinha / Luiz Claudio Moraes</font> </p>
<p style="font-size: 10pt; line-height: 2; margin: 3.95pt 216.75pt 0pt 6.75pt; text-indent: -2.8pt;"><font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">[&nbsp;&nbsp;</font> <font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">] Approve [</font>&nbsp; &nbsp;<font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">] Reject [&nbsp;&nbsp;</font> <font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">] Abstain</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-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-size: 13.3333px; background-color: #ffffff; text-align: center; line-height: 1.5;"><font style="font-family: Arial; font-size: 12pt; font-weight: bold; line-height: inherit;">DISTANCE VOTING BALLOT</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-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-size: 13.3333px; background-color: #ffffff; text-align: center; line-height: 1.5;"><font style="font-family: Arial; font-size: 12pt; font-weight: bold; line-height: inherit;">Annual General Meeting (AGM) - ULTRAPAR PARTICIPACOES S.A. to be held on 04/17/2024</font></p>
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<p style="margin: 4.35pt 0pt 0pt 4pt; line-height: 1.2;"><font style="font-family: Arial; font-size: 10pt; font-weight: bold; line-height: inherit;">[Eligible tickers in this resolution: UGPA3]</font></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 7.75pt 8.4pt 0pt 4pt;"><font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">5.</font> <font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">Considering the item above, the establishment of the compensation of the members of the</font> <font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">Fiscal Council for the term of office that begins in April 2024.</font></p>
<p style="margin: 0.35pt 0pt 0pt; line-height: 1.2;"><font style="font-family: Arial; font-size: 16pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt 0pt 0pt 6.75pt; line-height: 1.2;"><font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">[&nbsp;&nbsp;</font> <font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">] Approve [&nbsp;&nbsp; ] Reject [&nbsp;&nbsp; ] Abstain</font></p>













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<p style="margin: 0px; text-align: center; line-height: 1.5; text-indent: 0px;"><font style="font-family: Arial; font-size: 12pt; font-weight: bold; line-height: inherit;">DISTANCE VOTING BALLOT</font></p>
<p style="font-size: 12pt; line-height: 1.5; margin: 0px; text-align: center; text-indent: 0px;"><font style="font-family: Arial; font-size: 12pt; font-weight: bold; line-height: inherit;">Extraordinary General Meeting (EGM) - ULTRAPAR PARTICIPACOES S.A. to be held on</font> <font style="font-family: Arial; font-size: 12pt; font-weight: bold; line-height: inherit;">04/17/2024</font></p>
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<p style="margin: 2.35pt 0pt 0pt 2pt; orphans: 0; widows: 0;"><font style="font-family: Arial; font-size: 10pt; font-weight: bold;">Shareholder's Name</font></p>







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<p style="margin: 2.35pt 0pt 0pt 2pt; orphans: 0; widows: 0;"><font style="font-family: Arial; font-size: 10pt; font-weight: bold;">Shareholder's CNPJ or CPF</font></p>







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<p style="margin: 2.35pt 0pt 0pt 2pt; orphans: 0; widows: 0;"><font style="font-family: Arial; font-size: 10pt; font-weight: bold;">E-mail</font></p>







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<p style="margin: 4.35pt 0pt 0pt 4pt; line-height: 1.2;"><font style="font-family: Arial; font-size: 10pt; font-weight: bold; line-height: inherit;">Instructions on how to cast your vote</font></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 3.75pt 3.25pt 0pt 4pt;"><font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">This ballot for the Extraordinary General Meeting (&#8220;EGM&#8221;) should be completed if the shareholder</font> <font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">chooses to exercise their voting rights remotely pursuant to CVM Resolution 81/22. In this event, it</font> <font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">is mandatory that the foregoing fields are completed with the name (or corporate name) in full of</font> <font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">the shareholder and the Corporate or Individual number in the tax register (CNPJ/MF and CPF/MF</font> <font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">respectively), as well as an email address for eventual contact.</font></p>
<p style="margin: 0.15pt 0pt 0pt; line-height: 1.2;"><font style="font-family: Arial; font-size: 8.5pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 0.05pt 0pt 0pt 4pt;"><font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">For</font> <font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">this</font> <font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">voting</font> <font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">ballot</font> <font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">to</font> <font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">be</font> <font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">valid</font> <font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">and</font> <font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">the</font> <font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">votes</font> <font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">cast</font> <font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">included</font> <font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">in</font> <font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">the</font> <font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">quorum</font> <font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">for</font> <font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">the</font> <font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">EGM,</font> <font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">the</font> <font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">following</font> <font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">instructions</font> <font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">should</font> <font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">be</font> <font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">followed:</font></p>
<p style="line-height: 1.2; margin: 0pt 0pt 0pt 20.25pt; text-indent: -16.3pt;"><font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">&#8226;</font><font style="font-variant: normal; font-kerning: auto; font-optical-sizing: auto; font-feature-settings: normal; font-variation-settings: normal; font-weight: normal; font-stretch: normal; font-size: 7pt; line-height: inherit; font-family: 'Times New Roman';">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">The fields of this ballot should be completed accordingly;</font></p>
<p style="line-height: 1.2; margin: 0pt 0pt 0pt 20.25pt; text-indent: -16.3pt;"><font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">&#8226;</font><font style="font-variant: normal; font-kerning: auto; font-optical-sizing: auto; font-feature-settings: normal; font-variation-settings: normal; font-weight: normal; font-stretch: normal; font-size: 7pt; line-height: inherit; font-family: 'Times New Roman';">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">Every page in this ballot should be initialed;</font></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 0.45pt 0pt 0pt 4pt; text-indent: 0pt;"><font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">&#8226;</font><font style="font-variant: normal; font-kerning: auto; font-optical-sizing: auto; font-feature-settings: normal; font-variation-settings: normal; font-weight: normal; font-stretch: normal; font-size: 7pt; line-height: inherit; font-family: 'Times New Roman';">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">At</font> <font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">the</font> <font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">end,</font> <font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">the</font> <font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">shareholder</font> <font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">or</font> <font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">their</font> <font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">legal</font> <font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">representative(s),</font> <font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">as</font> <font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">the</font> <font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">case</font> <font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">may</font> <font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">be</font> <font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">and</font> <font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">pursuant</font> <font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">to</font> <font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">the</font> <font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">prevailing</font> <font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">legislation,</font> <font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">should</font> <font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">sign</font> <font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">the</font> <font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">ballot.</font></p>
<p style="margin: 0.2pt 0pt 0pt; line-height: 1.2;"><font style="font-family: Arial; font-size: 8.5pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 0pt 3.15pt 0pt 4pt;"><font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">Once the ballot and required documentation are received by the Company, the Company shall</font> <font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">notify,</font> <font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">within</font> <font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">3</font> <font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">(three)</font> <font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">business</font> <font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">days,</font> <font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">the</font> <font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">shareholder</font> <font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">of</font> <font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">their</font> <font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">receipt</font> <font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">and</font> <font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">acceptance</font> <font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">or</font> <font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">request</font> <font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">its</font> <font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">correction,</font> <font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">pursuant</font> <font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">to</font> <font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">CVM</font> <font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">Resolution</font> <font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">81/22.</font></p>
<p style="margin: 0.2pt 0pt 0pt; line-height: 1.2;"><font style="font-family: Arial; font-size: 8.5pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 0.05pt 3.25pt 0pt 4pt;"><font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">The</font> <font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">ballot</font> <font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">and</font> <font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">other</font> <font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">substantiating</font> <font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">documents</font> <font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">shall</font> <font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">be</font> <font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">filed</font> <font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">at</font> <font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">the</font> <font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">Company</font> <font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">in</font> <font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">up</font> <font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">to</font> <font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">7</font> <font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">days</font> <font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">prior</font> <font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">to the date of the EGM, that is by April 10, 2024. Any ballots received by the Company after that</font> <font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">date</font> <font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">shall</font> <font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">be</font> <font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">disregarded.</font></p>
<p style="margin: 0.2pt 0pt 0pt; line-height: 1.2;"><font style="font-family: Arial; font-size: 8.5pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 0pt 2.6pt 0pt 4pt;"><font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">The &#8220;AEGM Manual&#8221;, sometimes referred to in this ballot, is available to the shareholders at the</font> <font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">Company&#8217;s</font> <font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">corporate</font> <font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">headquarters,</font> <font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">in</font> <font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">its</font> <font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">website</font> <font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">(ri.ultra.com.br)</font> <font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">and</font> <font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">the</font> <font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">websites</font> <font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">of</font> <font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">the</font> <font style="font-family: 'Arial MT'; font-size: 10pt; letter-spacing: 0.65pt; line-height: inherit;">Securities </font><font style="font-family: 'Arial MT'; font-size: 10pt; letter-spacing: 0.5pt; line-height: inherit;">and</font> <font style="font-family: 'Arial MT'; font-size: 10pt; letter-spacing: 0.65pt; line-height: inherit;">Exchange Commission </font><font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">of</font> <font style="font-family: 'Arial MT'; font-size: 10pt; letter-spacing: 0.6pt; line-height: inherit;">Brazil </font><font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">&#8211;</font> <font style="font-family: 'Arial MT'; font-size: 10pt; letter-spacing: 0.5pt; line-height: inherit;">CVM</font> <font style="font-family: 'Arial MT'; font-size: 10pt; letter-spacing: 0.7pt; line-height: inherit;">(www.cvm.gov.br) </font><font style="font-family: 'Arial MT'; font-size: 10pt; letter-spacing: 0.5pt; line-height: inherit;">and</font> <font style="font-family: 'Arial MT'; font-size: 10pt; letter-spacing: 0.75pt; line-height: inherit;">B3</font> <font style="font-family: 'Arial MT'; font-size: 10pt; letter-spacing: 0.75pt; line-height: inherit;">(www.b3.com.br).</font></p>







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<p style="font-size: 10pt; line-height: 1.2; margin: 5.55pt 2.85pt 0pt 4pt; text-align: left;"><font style="font-family: Arial; font-size: 10pt; font-weight: bold; line-height: inherit;">Instructions for sending your ballot, indicating the delivery process by sending it directly to</font> <font style="font-family: Arial; font-size: 10pt; font-weight: bold; line-height: inherit;">the Company or through a qualified service provider</font></p>
<p style="margin: 2.8pt 0pt 0pt 4pt; line-height: 1.2; text-align: left;"><font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">The shareholder choosing to exercise their voting rights remotely may:</font></p>
<p style="line-height: 1.2; margin: 8.5pt 0pt 0pt 4pt; text-align: left;"><font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">A. Send the ballot directly to the Company</font></p>
<p style="line-height: 1.2; margin: 0pt 0pt 0pt 4pt; text-align: left;"><font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">For this purpose, they should submit the following documents:</font></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 0.45pt 0pt 0pt 4pt; text-indent: 0pt; text-align: left;"><font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">&#8226;</font><font style="font-variant: normal; font-kerning: auto; font-optical-sizing: auto; font-feature-settings: normal; font-variation-settings: normal; font-weight: normal; font-stretch: normal; font-size: 7pt; line-height: inherit; font-family: 'Times New Roman';">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">Original</font> <font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">copy</font> <font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">of</font> <font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">this</font> <font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">ballot</font> <font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">duly</font> <font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">completed</font> <font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">with</font> <font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">every</font> <font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">page</font> <font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">initialed</font> <font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">and</font> <font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">signed</font> <font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">at</font> <font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">the</font> <font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">end</font> <font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">according</font> <font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">to</font> <font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">the</font> <font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">instructions</font> <font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">for</font> <font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">completion</font> <font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">described</font> <font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">above;</font></p>
<p style="line-height: 1.2; margin: 0pt 0pt 0pt 20.25pt; text-indent: -16.3pt; text-align: left;"><font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">&#8226;</font><font style="font-variant: normal; font-kerning: auto; font-optical-sizing: auto; font-feature-settings: normal; font-variation-settings: normal; font-weight: normal; font-stretch: normal; font-size: 7pt; line-height: inherit; font-family: 'Times New Roman';">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">Certified copy of the following documents:</font></p>
<p style="line-height: 1.2; margin: 8.5pt 0pt 0pt 4pt; text-align: left;"><font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">Individuals:</font></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 0.5pt 2.1pt 0pt 4pt; text-indent: 0pt; text-align: left;"><font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">(i)</font><font style="font-variant: normal; font-kerning: auto; font-optical-sizing: auto; font-feature-settings: normal; font-variation-settings: normal; font-weight: normal; font-stretch: normal; font-size: 7pt; line-height: inherit; font-family: 'Times New Roman';">&nbsp;&nbsp; </font><font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">ID</font> <font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">card</font> <font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">with</font> <font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">the</font> <font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">shareholder&#8217;s</font> <font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">photograph</font> <font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">(RG,</font> <font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">RNE</font> <font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">(foreigner&#8217;s</font> <font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">ID),</font> <font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">CNH</font> <font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">(driver&#8217;s</font> <font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">license),</font> <font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">passport</font> <font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">or</font> <font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">ID</font> <font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">issued</font> <font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">by</font> <font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">an</font> <font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">officially</font> <font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">recognized</font> <font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">professional</font> <font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">class);</font></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 0pt 3.25pt 0pt 4pt; text-indent: 0pt; text-align: left;"><font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">(ii)</font><font style="font-variant: normal; font-kerning: auto; font-optical-sizing: auto; font-feature-settings: normal; font-variation-settings: normal; font-weight: normal; font-stretch: normal; font-size: 7pt; line-height: inherit; font-family: 'Times New Roman';">&nbsp; </font><font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">in</font> <font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">the</font> <font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">case</font> <font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">of</font> <font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">an</font> <font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">attorney-in-fact,</font> <font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">ID</font> <font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">document</font> <font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">with</font> <font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">a</font> <font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">photograph</font> <font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">of</font> <font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">the</font> <font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">same</font> <font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">and</font> <font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">a</font> <font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">power</font> <font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">of</font> <font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">attorney.</font></p>
<p style="line-height: 1.2; margin: 8.75pt 0pt 0pt 4pt; text-align: left;"><font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">Legal entities:</font></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 0.45pt 3.25pt 0pt 4pt; text-indent: 0pt; text-align: left;"><font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">(i)</font><font style="font-variant: normal; font-kerning: auto; font-optical-sizing: auto; font-feature-settings: normal; font-variation-settings: normal; font-weight: normal; font-stretch: normal; font-size: 7pt; line-height: inherit; font-family: 'Times New Roman';">&nbsp; </font><font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">consolidated corporate bylaws or articles of association and corporate acts providing evidence</font> <font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">as to the powers to represent the shareholder (minutes of election of the officers and/or power of</font> <font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">attorney);</font></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 0pt 2.2pt 0pt 4pt; text-indent: 0pt; text-align: left;"><font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">(ii)</font><font style="font-variant: normal; font-kerning: auto; font-optical-sizing: auto; font-feature-settings: normal; font-variation-settings: normal; font-weight: normal; font-stretch: normal; font-size: 7pt; line-height: inherit; font-family: 'Times New Roman';">&nbsp; </font><font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">ID card with the representative&#8217;s photograph (RG, RNE (foreigner&#8217;s ID), CNH (driver&#8217;s license),</font> <font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">passport</font> <font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">or</font> <font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">ID</font> <font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">issued</font> <font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">by</font> <font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">an</font> <font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">officially</font> <font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">recognized</font> <font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">professional</font> <font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">class);</font></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 0pt 3.3pt 0pt 4pt; text-indent: 0pt; text-align: left;"><font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">(iii)</font><font style="font-variant: normal; font-kerning: auto; font-optical-sizing: auto; font-feature-settings: normal; font-variation-settings: normal; font-weight: normal; font-stretch: normal; font-size: 7pt; line-height: inherit; font-family: 'Times New Roman';">&nbsp; </font><font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">in the case of an attorney-in-fact, ID document with a photograph of the same and a power of</font> <font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">attorney.</font></p>
<p style="line-height: 1.2; margin: 8.75pt 0pt 0pt 4pt; text-align: left;"><font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">Investment funds:</font></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 0.5pt 0pt 0pt 4pt; text-align: left;"><font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">The</font> <font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">shareholders</font> <font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">constituted</font> <font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">as</font> <font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">investment</font> <font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">funds</font> <font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">shall</font> <font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">deliver</font> <font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">to</font> <font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">the</font> <font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">Company,</font> <font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">within</font> <font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">the</font> <font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">term</font> <font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">stipulated</font> <font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">under</font> <font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">item</font> <font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">(a)</font> <font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">above:</font></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 0pt 3.25pt 0pt 4pt; text-indent: 0pt; text-align: left;"><font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">(i)</font><font style="font-variant: normal; font-kerning: auto; font-optical-sizing: auto; font-feature-settings: normal; font-variation-settings: normal; font-weight: normal; font-stretch: normal; font-size: 7pt; line-height: inherit; font-family: 'Times New Roman';">&nbsp; </font><font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">evidence</font> <font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">of</font> <font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">the</font> <font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">capacity</font> <font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">of</font> <font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">a</font> <font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">manager</font> <font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">of</font> <font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">the</font> <font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">investment</font> <font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">fund</font> <font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">granted</font> <font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">to</font> <font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">an</font> <font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">individual</font> <font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">or</font> <font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">legal</font> <font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">entity</font> <font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">to</font> <font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">represent</font> <font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">it</font> <font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">at</font> <font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">the</font> <font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">general</font> <font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">meeting</font> <font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">or</font> <font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">who</font> <font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">has</font> <font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">granted</font> <font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">powers</font> <font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">to</font> <font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">the</font> <font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">attorney-in-fact;</font></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 0pt 3.15pt 0pt 4pt; text-indent: 0pt; text-align: left;"><font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">(ii)</font><font style="font-variant: normal; font-kerning: auto; font-optical-sizing: auto; font-feature-settings: normal; font-variation-settings: normal; font-weight: normal; font-stretch: normal; font-size: 7pt; line-height: inherit; font-family: 'Times New Roman';">&nbsp;&nbsp; </font><font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">the</font> <font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">corporate</font> <font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">act</font> <font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">of</font> <font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">the</font> <font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">manager,</font> <font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">if</font> <font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">a</font> <font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">legal</font> <font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">entity,</font> <font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">granting</font> <font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">powers</font> <font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">to</font> <font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">the</font> <font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">representative</font> <font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">to</font> <font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">participate</font> <font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">in</font> <font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">the</font> <font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">general</font> <font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">meeting</font> <font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">or</font> <font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">to</font> <font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">whom</font> <font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">the</font> <font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">power-of-attorney</font> <font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">has</font> <font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">been</font> <font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">granted;</font> <font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">and</font></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 0pt 3.05pt 0pt 4pt; text-indent: 0pt; text-align: left;"><font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">(iii)</font><font style="font-variant: normal; font-kerning: auto; font-optical-sizing: auto; font-feature-settings: normal; font-variation-settings: normal; font-weight: normal; font-stretch: normal; font-size: 7pt; line-height: inherit; font-family: 'Times New Roman';">&nbsp;&nbsp;&nbsp; </font><font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">should</font> <font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">the</font> <font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">representative</font> <font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">or</font> <font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">attorney-in-fact</font> <font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">be</font> <font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">a</font> <font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">legal</font> <font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">entity,</font> <font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">documents</font> <font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">listed</font> <font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">on</font> <font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">item</font> <font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">&#8220;Corporate</font> <font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">Shareholder&#8221;</font> <font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">related</font> <font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">to</font> <font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">them</font> <font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">shall</font> <font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">be</font> <font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">presented</font> <font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">to</font> <font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">the</font> <font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">Company.</font></p>
<p style="line-height: 1.2; margin: 8.75pt 0pt 0pt 4pt; text-align: left;"><font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">B. Exercising voting rights through service providers</font></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 0.45pt 3.2pt 0pt 4pt; text-align: left;"><font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">The shareholder that chooses to exercise voting rights remotely through service providers shall</font> <font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">contact their custodians or securities registry institution for the Company&#8217;s shares, whether or not</font> <font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">their shares are deposited with a central depositary, pursuant to compliance with their rules for</font> <font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">transmission</font> <font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">of</font> <font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">the</font> <font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">shareholder&#8217;s</font> <font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">voting</font> <font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">instructions.</font></p>







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<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-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; background-color: #ffffff; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; text-align: center; line-height: 1.5;"><font style="font-family: Arial; font-size: 12pt; font-weight: bold; line-height: inherit;">DISTANCE VOTING BALLOT</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-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; background-color: #ffffff; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-size: 12pt; line-height: 1.5; text-align: center;"><font style="font-family: Arial; font-size: 12pt; font-weight: bold; line-height: inherit;">Extraordinary General Meeting (EGM) - ULTRAPAR PARTICIPACOES S.A. to be held on</font><font style="line-height: inherit;">&nbsp;</font><font style="font-family: Arial; font-size: 12pt; font-weight: bold; line-height: inherit;">04/17/2024</font></p>
<p style="margin: 0pt; font-family: 'times new roman'; font-size: 10pt;"><font style="font-family: 'times new roman'; font-size: 10pt;">&nbsp;</font></p>
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<p style="margin: 8.5pt 0pt 0pt 4pt; orphans: 0; widows: 0;"><font style="font-family: 'Arial MT'; font-size: 10pt;">For further information, please see the AEGM Manual available in ri.ultra.com.br.</font></p>







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<p style="font-size: 10pt; line-height: 1.2; margin: 5.55pt 8.4pt 0pt 4pt;"><font style="font-family: Arial; font-size: 10pt; font-weight: bold; line-height: inherit;">Postal and e-mail address to send the distance voting ballot, if the shareholder chooses to</font> <font style="font-family: Arial; font-size: 10pt; font-weight: bold; line-height: inherit;">deliver the document directly to the company / Instructions for meetings that allow</font> <font style="font-family: Arial; font-size: 10pt; font-weight: bold; line-height: inherit;">electronic system's participation, when that is the case.</font></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 4pt 13.2pt 0pt 4pt;"><font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">Address: Brigadeiro Lu&#237;s Ant&#244;nio avenue, 1343, 8th floor, Bela Vista, CEP (zip code) 01317-910</font> <font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">S&#227;o Paulo/SP &#8211; Brazil</font></p>
<p style="font-size: 11pt; line-height: 1.2; margin: 0pt 203.35pt 0pt 4pt;"><font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">To the attention of the Investor Relations Department</font></p>
<p style="font-size: 11pt; line-height: 1.2; margin: 0pt 203.35pt 0pt 4pt;"><font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">Email: </font><font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">invest@ultra.com.br</font></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 0pt 0pt 0pt 4pt;"><font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">If</font> <font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">preferred,</font> <font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">the</font> <font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">shareholder</font> <font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">may</font> <font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">send</font> <font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">electronic</font> <font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">copies</font> <font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">of</font> <font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">this</font> <font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">ballot</font> <font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">and</font> <font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">the</font> <font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">documents</font> <font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">to</font> <font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">the</font> <font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">Company&#8217;s</font> <font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">e-mail</font> <font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">address</font> <font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">by</font> <font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">April</font> <font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">10,</font> <font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">2024.</font></p>







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<p style="font-size: 10pt; line-height: 1.2; margin: 5.55pt 0pt 0pt 4pt;"><font style="font-family: Arial; font-size: 10pt; font-weight: bold; line-height: inherit;">Indication of the institution hired by the company to provide the registrar service of</font> <font style="font-family: Arial; font-size: 10pt; font-weight: bold; line-height: inherit;">securities,</font> <font style="font-family: Arial; font-size: 10pt; font-weight: bold; line-height: inherit;">with</font> <font style="font-family: Arial; font-size: 10pt; font-weight: bold; line-height: inherit;">name,</font> <font style="font-family: Arial; font-size: 10pt; font-weight: bold; line-height: inherit;">physical</font> <font style="font-family: Arial; font-size: 10pt; font-weight: bold; line-height: inherit;">and</font> <font style="font-family: Arial; font-size: 10pt; font-weight: bold; line-height: inherit;">electronic</font> <font style="font-family: Arial; font-size: 10pt; font-weight: bold; line-height: inherit;">address,</font> <font style="font-family: Arial; font-size: 10pt; font-weight: bold; line-height: inherit;">contact</font> <font style="font-family: Arial; font-size: 10pt; font-weight: bold; line-height: inherit;">person</font> <font style="font-family: Arial; font-size: 10pt; font-weight: bold; line-height: inherit;">and</font> <font style="font-family: Arial; font-size: 10pt; font-weight: bold; line-height: inherit;">phone</font> <font style="font-family: Arial; font-size: 10pt; font-weight: bold; line-height: inherit;">number</font></p>
<p style="line-height: 1.2; margin: 2.8pt 0pt 0pt 4pt;"><font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">Banco Bradesco S.A</font></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 0.45pt 88.3pt 0pt 4pt;"><font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">Departamento de A&#231;&#245;es e Cust&#243;dia (Securities and Custody Department)</font> </p>
<p style="font-size: 10pt; line-height: 1.2; margin: 0.45pt 88.3pt 0pt 4pt;"><font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">Address: N&#250;cleo Cidade de Deus, Yellow building, 2nd floor, Vila Yara, Osasco</font> </p>
<p style="font-size: 10pt; line-height: 1.2; margin: 0.45pt 88.3pt 0pt 4pt;"><font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">CEP (zip code) 06029-900</font></p>
<p style="line-height: 1.2; margin: 0pt 0pt 0pt 4pt;"><font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">Osasco/SP &#8211; Brazil</font></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 9.75pt 303.95pt 0pt 4pt;"><font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">Shareholder service channels:</font></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 0pt 303.95pt 0pt 4pt;"><font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">Telephone: 0800 701-1616</font></p>
<p style="font-size: 11pt; line-height: 1.2; margin: 0pt 225.4pt 0pt 4pt;"><font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">Business days from 8:00 a.m. to 5:00 p.m (BRT)</font></p>
<p style="font-size: 11pt; line-height: 1.2; margin: 0pt 225.4pt 0pt 4pt;"><font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">E-mail: </font><font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">dac.acecustodia@bradesco.com.br</font></p>







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<p style="line-height: 1.2; margin: 2.35pt 0pt 0pt 2pt;"><font style="font-family: Arial; font-size: 10pt; font-weight: bold; line-height: inherit;">Resolutions concerning the Extraordinary General Meeting (EGM)</font></p>







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<p style="margin: 4.35pt 0pt 0pt 4pt; line-height: 1.2;"><font style="font-family: Arial; font-size: 10pt; font-weight: bold; line-height: inherit;">[Eligible tickers in this resolution: UGPA3]</font></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 7.75pt 8.4pt 0pt 4pt;"><font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">1.</font> <font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">Amendments to the Companys Bylaws, as detailed in the Management Proposal disclosed to</font> <font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">the market on this date, to reflect:</font></p>
<p style="line-height: 1.2; margin: 0pt 0pt 0pt 4pt;"><font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">(a)</font> <font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">Inclusion of activity in the Company&#8217;s corporate purpose</font></p>
<p style="margin: 0.05pt 0pt 0pt; line-height: 1.2;"><font style="font-family: Arial; font-size: 16pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0.05pt 0pt 0pt 6.75pt; line-height: 1.2;"><font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">[</font> <font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">] Approve [&nbsp;&nbsp; ] Reject [&nbsp;&nbsp; ] Abstain</font></p>







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<p style="margin: 4.35pt 0pt 0pt 4pt; line-height: 1.2;"><font style="font-family: Arial; font-size: 10pt; font-weight: bold; line-height: inherit;">[Eligible tickers in this resolution: UGPA3]</font></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 7.75pt 8.4pt 0pt 4pt;"><font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">2.</font> <font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">Amendments to the Companys Bylaws, as detailed in the Management Proposal disclosed to</font> <font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">the market on this date, to reflect:</font></p>
<p style="line-height: 1.2; margin: 0pt 0pt 0pt 4pt;"><font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">(b)</font> <font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">Changes of competencies of the Board of Directors</font></p>
<p style="margin: 0.05pt 0pt 0pt; line-height: 1.2;"><font style="font-family: Arial; font-size: 16pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0.05pt 0pt 0pt 6.75pt; line-height: 1.2;"><font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">[</font> <font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">] Approve [&nbsp;&nbsp; ] Reject [&nbsp;&nbsp; ] Abstain</font></p>







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<p style="margin: 4.35pt 0pt 0pt 4pt; line-height: 1.2;"><font style="font-family: Arial; font-size: 10pt; font-weight: bold; line-height: inherit;">[Eligible tickers in this resolution: UGPA3]</font></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 7.75pt 8.4pt 0pt 4pt;"><font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">3.</font> <font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">Amendments to the Companys Bylaws, as detailed in the Management Proposal disclosed to</font> <font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">the market on this date, to reflect:</font></p>
<p style="line-height: 1.2; margin: 0pt 0pt 0pt 4pt;"><font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">(c)</font> <font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">Exclusion of possibilities to replace members of the statutory advisory committees</font></p>
<p style="margin: 0.05pt 0pt 0pt; line-height: 1.2;"><font style="font-family: Arial; font-size: 16pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0.05pt 0pt 0pt 6.75pt; line-height: 1.2;"><font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">[</font> <font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">] Approve [&nbsp;&nbsp; ] Reject [&nbsp;&nbsp; ] Abstain</font></p>







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<p style="margin: 4.35pt 0pt 0pt 4pt; line-height: 1.2;"><font style="font-family: Arial; font-size: 10pt; font-weight: bold; line-height: inherit;">[Eligible tickers in this resolution: UGPA3]</font></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 7.75pt 8.4pt 0pt 4pt;"><font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">4.</font> <font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">Amendments to the Companys Bylaws, as detailed in the Management Proposal disclosed to</font> <font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">the market on this date, to reflect:</font></p>
<p style="line-height: 1.2; margin: 0pt 0pt 0pt 4pt;"><font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">(d)</font> <font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">Change of nomenclature and competencies of the Board of Directors&#8217; advisory committees</font></p>
<p style="margin: 0.05pt 0pt 0pt; line-height: 1.2;"><font style="font-family: Arial; font-size: 16pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0.05pt 0pt 0pt 6.75pt; line-height: 1.2;"><font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">[</font> <font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">] Approve [&nbsp;&nbsp; ] Reject [&nbsp;&nbsp; ] Abstain</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-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-size: 13.3333px; background-color: #ffffff; text-align: center; line-height: 1.5;"><font style="font-family: Arial; font-size: 12pt; font-weight: bold; line-height: inherit;">DISTANCE VOTING BALLOT</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-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; background-color: #ffffff; font-size: 12pt; line-height: 1.5; text-align: center;"><font style="font-family: Arial; font-size: 12pt; font-weight: bold; line-height: inherit;">Extraordinary General Meeting (EGM) - ULTRAPAR PARTICIPACOES S.A. to be held on</font><font style="line-height: inherit;">&nbsp;</font><font style="font-family: Arial; font-size: 12pt; font-weight: bold; line-height: inherit;">04/17/2024</font></p>
<p style="margin: 0pt; font-family: 'times new roman'; font-size: 10pt;"><font style="font-family: 'times new roman'; font-size: 10pt;">&nbsp;</font></p>
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<p style="margin: 4.35pt 0pt 0pt 4pt; line-height: 1.2;"><font style="font-family: Arial; font-size: 10pt; font-weight: bold; line-height: inherit;">[Eligible tickers in this resolution: UGPA3]</font></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 5.55pt 8.4pt 0pt 4pt;"><font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">5.</font> <font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">Amendments to the Companys Bylaws, as detailed in the Management Proposal disclosed to</font> <font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">the market on this date, to reflect:</font></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 0pt 0pt 0pt 4pt;"><font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">(e)</font> <font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">Simplification</font> <font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">of</font> <font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">the</font> <font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">wording</font> <font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">of</font> <font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">statutory</font> <font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">provisions,</font> <font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">as</font> <font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">well</font> <font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">as</font> <font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">clarity</font> <font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">and</font> <font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">numbering</font> <font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">adjustments</font></p>
<p style="margin: 0.4pt 0pt 0pt; line-height: 1.2;"><font style="font-family: Arial; font-size: 16pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt 0pt 0pt 6.75pt; line-height: 1.2;"><font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">[</font> <font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">] Approve [&nbsp;&nbsp; ] Reject [&nbsp;&nbsp; ] Abstain</font></p>







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<td style="vertical-align: top; width: 444pt; border-image: initial; height: 125px; border-width: 1px; border-color: #000000 !important; border-style: solid;">
<p style="margin: 4.35pt 0pt 0pt 4pt; line-height: 1.2;"><font style="font-family: Arial; font-size: 10pt; font-weight: bold; line-height: inherit;">[Eligible tickers in this resolution: UGPA3]</font></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 7.75pt 8.25pt 0pt 4pt;"><font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">6.</font> <font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">Ratification of the change in the number of common shares into which the Companys capital</font> <font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">stock is divided, due to the partial exercise of the rights conferred by the subscription warrants</font> <font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">issued by the Company as of the merger of shares issued by Imifarma Produtos Farmac&#234;uticos e</font> <font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">Cosm&#233;ticos S.A. by the Company, approved by the Extraordinary General Shareholders&#8217; Meeting</font> <font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">held on January 31st, 2014.</font></p>
<p style="margin: 0.35pt 0pt 0pt; line-height: 1.2;"><font style="font-family: Arial; font-size: 16pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt 0pt 0pt 6.75pt; line-height: 1.2;"><font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">[</font> <font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">] Approve [&nbsp;&nbsp; ] Reject [&nbsp;&nbsp; ] Abstain</font></p>







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<td style="vertical-align: top; width: 444pt; border-image: initial; height: 108px; border-width: 1px; border-color: #000000 !important; border-style: solid;">
<p style="margin: 4.35pt 0pt 0pt 4pt; line-height: 1.2;"><font style="font-family: Arial; font-size: 10pt; font-weight: bold; line-height: inherit;">[Eligible tickers in this resolution: UGPA3]</font></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 7.75pt 8.4pt 0pt 4pt;"><font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">7.</font> <font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">Approval of the consolidation of the Bylaws, in order to reflect the changes proposed in the</font> <font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">items above.</font></p>
<p style="margin: 0.35pt 0pt 0pt; line-height: 1.2;"><font style="font-family: Arial; font-size: 16pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt 0pt 0pt 6.75pt; line-height: 1.2;"><font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">[</font> <font style="font-family: 'Arial MT'; font-size: 10pt; line-height: inherit;">] Approve [&nbsp;&nbsp; ] Reject [&nbsp;&nbsp; ] Abstain</font></p>







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<p style="margin: 0pt; orphans: 0; widows: 0;"><font style="font-family: Arial; font-size: 10pt; font-weight: bold;">&nbsp;</font></p>
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<td style="width: 17.825%; height: 17px; padding: 10px 1px 0px; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times;"><font style="color: #000000; 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;">City</font><font style="color: #000000; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; letter-spacing: 0.45pt;">&nbsp;</font><font style="color: #000000; 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;">:</font></font></td>
<td style="width: 81.5209%; height: 17px; padding: 10px 1px 0px; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"><br></td>










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<td style="width: 17.825%; height: 17px; padding: 10px 1px 0px; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times;"><font style="color: #000000; 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;">Date</font><font style="color: #000000; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; letter-spacing: 0.1pt;">&nbsp;</font><font style="color: #000000; 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;">:</font></font></td>
<td style="width: 81.5209%; height: 17px; padding: 10px 1px 0px; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"><br></td>










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<td style="width: 17.825%; height: 17px; padding: 10px 1px 0px; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times;"><font style="color: #000000; 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;">Signature</font><font style="color: #000000; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; letter-spacing: 0.8pt;">&nbsp;</font><font style="color: #000000; 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;">:</font></font></td>
<td style="width: 81.5209%; height: 17px; padding: 10px 1px 0px; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"><br></td>










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<td style="width: 17.825%; height: 17px; padding: 10px 1px 0px; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times;"><font style="color: #000000; 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;">Shareholder's</font><font style="color: #000000; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; letter-spacing: 3pt;">&nbsp;</font><font style="color: #000000; 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;">Name</font><font style="color: #000000; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; letter-spacing: 3pt;">&nbsp;</font><font style="color: #000000; 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;">:</font></font></td>
<td style="width: 81.5209%; height: 17px; padding: 10px 1px 0px; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"><br></td>










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<td style="width: 17.825%; height: 17px; padding: 10px 1px 0px; vertical-align: bottom;" valign="bottom"><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;">Phone Number :</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'>115</font></font></td>






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</div><div style="font-family: 'times new roman', times; font-size: 10pt;">
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<p style="font-size: 10pt; line-height: 1.2;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="font-size: 11pt; line-height: 1.2; margin: 0pt 0pt 10pt;"><font style="font-family: 'times new roman', times; font-size: 14pt; font-weight: bold; line-height: inherit;">SIGNATURES</font></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 0pt 0pt 10pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">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: 1.2; margin: 0pt 0pt 10pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Date: March 15, 2024&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>
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<td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 17px; width: 50%;"><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: bold; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important; line-height: inherit;">ULTRAPAR HOLDING INC.</font></td>





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<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><font><font>By: /s/ Rodrigo de Almeida&nbsp;Pizzinatto</font></font></font></p>





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<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><font><font>Name: Rodrigo de Almeida&nbsp;Pizzinatto</font></font></font></p>





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<p style="margin: 0px; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><font><font>Title: Chief Financial and Investor Relations Officer</font></font></font></p>





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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-align: start; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; margin: 0pt 0pt 10pt; font-size: 9pt; line-height: 1.2;"><br></p>
<p style="margin: 0in 0in 10pt; line-height: 1.2; font-size: 11pt; font-family: Calibri, sans-serif;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><i><font style="line-height: inherit;">(Shareholders&#8217; Meeting Manual, Remote voting form &#8211;
Annual General Shareholders&#8217; Meeting and Remote voting form &#8211; Extraordinary
Shareholders&#8217; Meeting)</font></i></font><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><font><font style="font-style: italic;"></font></font></font></p>





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end
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
