<SEC-DOCUMENT>0001554855-24-000343.txt : 20240509
<SEC-HEADER>0001554855-24-000343.hdr.sgml : 20240509
<ACCEPTANCE-DATETIME>20240508194356
ACCESSION NUMBER:		0001554855-24-000343
CONFORMED SUBMISSION TYPE:	6-K
PUBLIC DOCUMENT COUNT:		10
CONFORMED PERIOD OF REPORT:	20240508
FILED AS OF DATE:		20240509
DATE AS OF CHANGE:		20240508

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:		24928048

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

	MAIL ADDRESS:	
		STREET 1:		CT CORPORATION SYSTEM
		STREET 2:		1633 BROADWAY
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10019
</SEC-HEADER>
<DOCUMENT>
<TYPE>6-K
<SEQUENCE>1
<FILENAME>MainDocument.htm
<DESCRIPTION>6-K
<TEXT>
<html><body><div><div style="font-family: 'times new roman', times; font-size: 10pt;">
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<p style="margin: 0pt; text-align: center;"><font style="font-family: 26nbvtokfgfhjcu,Bold; font-size: 12.5pt; font-weight: bold;">UNITED STATES</font></p>
<p style="margin: 0pt; text-align: center;"><font style="font-family: 26nbvtokfgfhjcu,Bold; font-size: 12.5pt; font-weight: bold;">SECURITIES AND EXCHANGE COMMISSION</font></p>
<p style="margin: 0pt; text-align: center;"><font style="font-family: 26nbvtokfgfhjcu,Bold; font-size: 12.5pt; font-weight: bold;">&nbsp;</font></p>
<p style="margin: 0pt 0pt 10pt; text-align: center; text-indent: 0pt;"><font style="font-family: 26nbvtokfgfhjcu,Bold; font-size: 12.5pt; font-weight: bold;">Washington, D.C. 20549</font><font style="font-family: 26nbvtokfgfhjcu,Bold; font-size: 12.5pt; font-weight: bold;">&nbsp;</font></p>
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<p style="margin: 0pt; text-align: center;"><font style="font-family: 26nbvtokfgfhjcu,Bold; font-size: 15pt; font-weight: bold;">Form 6-K</font></p>







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<p style="margin: 0pt; text-align: center;"><font style="font-family: 26nbvtokfgfhjcu,Bold; font-size: 12.5pt; font-weight: bold;">&nbsp;</font><font style="font-family: 26nbvtokfgfhjcu,Bold; font-size: 12.5pt; font-weight: bold;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: center;"><font style="font-family: 26nbvtokfgfhjcu,Bold; font-size: 12.5pt; font-weight: bold;">Report Of Foreign Private Issuer</font></p>
<p style="margin: 0pt; text-align: center;"><font style="font-family: 26nbvtokfgfhjcu,Bold; font-size: 12.5pt; font-weight: bold;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: center;"><font style="font-family: 26nbvtokfgfhjcu,Bold; font-size: 12.5pt; font-weight: bold;">Pursuant To Rule 13a-16 Or 15d-16 Of</font></p>
<p style="margin: 0pt; text-align: center;"><font style="font-family: 26nbvtokfgfhjcu,Bold; font-size: 12.5pt; font-weight: bold;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: center;"><font style="font-family: 26nbvtokfgfhjcu,Bold; font-size: 12.5pt; font-weight: bold;">The Securities Exchange Act Of 1934</font></p>
<p style="margin: 0pt; text-align: center;"><font style="font-family: 02lfl; font-size: 9pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: center;"><font style="font-family: 02lfl; font-size: 9pt;">For the month of</font> <font style="font-family: 02lfl; font-size: 9pt;">May</font><font style="font-family: 02lfl; font-size: 9pt;">, 20</font><font style="font-family: 02lfl; font-size: 9pt;">2</font><font style="font-family: 02lfl; font-size: 9pt;">4</font></p>
<p style="margin: 0pt; text-align: center;"><font style="font-family: 02lfl; font-size: 9pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: center;"><font style="font-family: 02lfl; font-size: 9pt;">Commission File Number: </font><font style="font-family: 02lfl; font-size: 9pt;">001-14950</font></p>
<p style="margin: 0pt; text-align: center;"><font style="font-family: 26nbvtokfgfhjcu,Bold; font-size: 14.5pt; font-weight: bold;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: center;"><font style="font-family: 26nbvtokfgfhjcu,Bold; font-size: 14.5pt; font-weight: bold;">ULTRAPAR HOLDINGS INC.</font></p>
<p style="border-bottom-color: #000000; border-bottom-style: solid; border-bottom-width: 0.5pt; margin: 0pt; padding-bottom: 1pt; text-align: center;"><font style="font-family: 02lfl; font-size: 8pt;">(Translation of Registrant&#8217;s Name into English)</font></p>
<p style="margin: 0pt; text-align: center;"><font style="font-family: 33dgm,Bold; font-size: 9pt; font-weight: bold;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: center;"><font style="font-family: 33dgm,Bold; font-size: 9pt; font-weight: bold;">Brigadeiro Luis Antonio</font> <font style="font-family: 33dgm,Bold; font-size: 9pt; font-weight: bold;">Avenue</font><font style="font-family: 33dgm,Bold; font-size: 9pt; font-weight: bold;">, 1343, </font><font style="font-family: 33dgm,Bold; font-size: 9pt; font-weight: bold;">9</font><font style="font-family: 33dgm,Bold; font-size: 6pt; font-weight: bold; vertical-align: super;">th</font> <font style="font-family: 33dgm,Bold; font-size: 9pt; font-weight: bold;">Floor</font></p>
<p style="margin: 0pt; text-align: center;"><font style="font-family: 33dgm,Bold; font-size: 9pt; font-weight: bold;">S&#227;o Paulo, SP, Brazil 01317-910</font></p>
<p style="border-bottom-color: #000000; border-bottom-style: solid; border-bottom-width: 0.5pt; margin: 0pt; padding-bottom: 1pt; text-align: center;"><font style="font-family: 02lfl; font-size: 8pt;">(Address of Principal Executive Offices)</font></p>
<p style="margin: 0pt; text-align: center;"><font style="font-family: 02lfl; font-size: 8pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: center;"><font style="font-family: 02lfl; font-size: 8pt;">Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F:</font></p>
<p style="margin: 0pt; text-align: center;"><font style="font-family: 02lfl; font-size: 8pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: center;"><font style="font-family: 02lfl; font-size: 9pt;">Form 20-F </font><font style="font-family: 02lfl; font-size: 9pt;">____</font><font style="font-family: 02lfl; font-size: 9pt; text-decoration: underline;">X</font><font style="font-family: 02lfl; font-size: 9pt;">____</font> <font style="font-family: 02lfl; font-size: 9pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font style="font-family: 02lfl; font-size: 9pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font style="font-family: 02lfl; font-size: 9pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font style="font-family: 02lfl; font-size: 9pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font style="font-family: 02lfl; font-size: 9pt;">Form 40-F</font><font style="font-family: 02lfl; font-size: 9pt;"> ________</font></p>
<p style="margin: 0pt; text-align: center;"><font style="font-family: 02lfl; font-size: 9pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: center;"><font style="font-family: 02lfl; font-size: 8pt;">Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1):</font></p>
<p style="margin: 0pt; text-align: center;"><font style="font-family: 02lfl; font-size: 9pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: center;"><font style="font-family: 02lfl; font-size: 9pt;">Yes </font><font style="font-family: 02lfl; font-size: 9pt;">________ </font><font style="font-family: 02lfl; font-size: 9pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font style="font-family: 02lfl; font-size: 9pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font style="font-family: 02lfl; font-size: 9pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font style="font-family: 02lfl; font-size: 9pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font style="font-family: 02lfl; font-size: 9pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font style="font-family: 02lfl; font-size: 9pt;">No </font><font style="font-family: 02lfl; font-size: 9pt;">____</font><font style="font-family: 02lfl; font-size: 9pt; text-decoration: underline;">X</font><font style="font-family: 02lfl; font-size: 9pt; text-decoration: underline;">____</font></p>
<p style="margin: 0pt; text-align: center;"><font style="font-family: 02lfl; font-size: 9pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: center;"><font style="font-family: 02lfl; font-size: 8pt;">Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7):</font></p>
<p style="margin: 0pt; text-align: center;"><font style="font-family: 02lfl; font-size: 8pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: center;"><font style="font-family: 02lfl; font-size: 9pt;">Yes </font><font style="font-family: 02lfl; font-size: 9pt;">________ </font><font style="font-family: 02lfl; font-size: 9pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font style="font-family: 02lfl; font-size: 9pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font style="font-family: 02lfl; font-size: 9pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font style="font-family: 02lfl; font-size: 9pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font style="font-family: 02lfl; font-size: 9pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font style="font-family: 02lfl; font-size: 9pt;">No </font><font style="font-family: 02lfl; font-size: 9pt;">____</font><font style="font-family: 02lfl; font-size: 9pt; text-decoration: underline;">X</font><font style="font-family: 02lfl; font-size: 9pt; text-decoration: underline;">____</font></p>
<p style="font-size: 9pt; line-height: 115%; margin: 0pt 0pt 10pt; text-align: center;"><font style="font-family: 02lfl; font-size: 9pt;">&nbsp;</font></p>
<p style="font-size: 11pt; line-height: 115%; margin: 0px; text-align: left; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>


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<p style="font-size: 13pt; line-height: 115%; margin: 0pt 0pt 10pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 13pt; font-weight: bold;">ULTRAPAR HOLDINGS INC.</font></p>
<p style="font-size: 13pt; line-height: 115%; margin: 0pt 0pt 10pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 13pt; font-weight: bold;">TABLE OF CONTENTS</font></p>
<p style="font-size: 12.5pt; line-height: 115%; margin: 0pt 0pt 10pt;"><font style="font-family: 'Century Gothic'; font-size: 12.5pt; font-weight: bold;">&nbsp;</font></p>
<p style="font-size: 13pt; line-height: 115%; margin: 0pt 0pt 10pt;"><font style="font-family: 'times new roman', times; font-size: 13pt; font-weight: bold; text-decoration: underline;">ITEM</font></p>
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<td style="text-align: right; height: 17px; vertical-align: top;" valign="top">1.</td>
<td style="height: 17px; padding: 0px 0px 0px 10px;"><a href="#Bl415_4420241841608"><font style="font-size: 10pt;">Individual and Consolidated Interim Financial Information as of and for the Quarter Ended March 31, 2024 and Report on Review of Interim Financial Information</font></a></td>


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<td style="text-align: right; height: 17px; vertical-align: top;" valign="top">2.</td>
<td style="height: 17px; padding: 0px 0px 0px 10px;"><a href="#Bj111_4420241875219"><font style="font-size: 10pt;">1Q24 Earning Release</font></a></td>


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<td style="width: 5%; text-align: right; height: 17px; vertical-align: top;" valign="top">3.</td>
<td style="width: 95%; height: 17px; padding: 0px 0px 0px 10px;">
<p><a href="#Bm_742024201450840"><font style="font-family: 'times new roman', times;"><font style="font-size: 10pt;">Minutes of the Meeting of the Board of Directors of<font>&nbsp;</font>Ultrapar<font>&nbsp;</font>Participa&#231;&#245;es<font>&nbsp;</font>S.A., held on May<font>&nbsp;</font></font><font style="font-size: 10pt;">8</font><font style="font-size: 10pt;">, 202</font><font style="font-size: 10pt;">4</font></font></a></p>


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&#8203;


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</div><div style="font-family: 'times new roman', times; font-size: 10pt;">
<div style="text-align: center;"><a style="text-decoration: none; color: rgb(0, 0, 0); cursor: default; outline: none; pointer-events: none;" href="#TOC" name="Bl415_4420241841608" class="customBookmark"><font style="font-size: 8pt; color: #ffffff;">Interim Financial Information</font></a></div>


<img src="img967bb0dae12847eb8f15.jpg" style="display: block; margin-left: auto; margin-right: auto;" alt="Graphics"><br></div>
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<td class="pgno" style="padding: 0px; text-align: center;"><font style="font-size: 10pt;" class="pageno"><font class='pageno'>3</font></font></td>


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</div><div style="font-family: 'times new roman', times; font-size: 10pt;"><div><div><div style="width: 8.5in; margin: 0 auto;"><div><div><table style="font-size: 10pt; width: 100%; height: 10px; border-collapse: collapse; font-family: 'times new roman';" class="mce-item-table"><tr style="height: 10px;"><td style="height: 10px; vertical-align: bottom; border-bottom-width: 1.5pt; border-bottom-style: solid; border-bottom-color: #000080 !important;" valign="bottom"><font style="font-family: 'times new roman', times; font-size: 12pt; font-weight: bold; float: none; line-height: inherit; display: inline !important;">Ultrapar Participa&#231;&#245;es S.A. and Subsidiaries</font></td><td style="height: 10px; border-bottom-width: 1.5pt; border-bottom-style: solid; border-bottom-color: #000080 !important;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><img src="imgc0dec36d433f45a2aa5c.jpg" style="float: right;" alt="Graphics"></font></td>



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</table><p style="margin: 0pt; text-align: left; line-height: 1.2;">&nbsp;</p>



</div><table cellpadding="0" cellspacing="0" border="0" style="width: 100%; margin-left: 0.1px; height: 612px; font-family: 'times new roman'; font-size: 10pt;" class="mce-item-table"><tr style="height: 17px;"><td style="width: 94.1129%; height: 17px;"><p><font style="font-size: 10pt; font-family: 'times new roman', times;"><a style="text-decoration: none; color: #000000; cursor: default; outline: none; pointer-events: none;" href="#" name="TOC"></a></font></p><p style="vertical-align: middle; text-align: center;"><font style="font-size: 10pt; font-family: 'times new roman', times; font-weight: bold;">Table of Contents</font></p>



</td><td style="width: 5.72363%; height: 17px;"><p style="vertical-align: middle; text-align: center;;margin:0pt"><br></p>



</td>



</tr><tr style="height: 17px;"><td style="width: 94.1129%; height: 17px;"><font style="font-size: 10pt; font-family: 'times new roman', times;"><a href="#BBS_34202414477413">Statements of financial position</a></font></td><td class="bmpageno" style="width: 5.72363%; text-align: right; height: 17px;">8</td>



</tr><tr style="height: 17px;"><td style="width: 94.1129%; height: 17px;"><font style="font-size: 10pt; font-family: 'times new roman', times;"><a href="#BIS_342024144847515">Statements of income</a></font></td><td class="bmpageno" style="width: 5.72363%; text-align: right; height: 17px;">10</td>



</tr><tr style="height: 17px;"><td style="width: 94.1129%; height: 17px;"><font style="font-size: 10pt; font-family: 'times new roman', times;"><a href="#BCI_342024144920486">Statements of comprehensive income</a></font></td><td class="bmpageno" style="width: 5.72363%; text-align: right; height: 17px;">11</td>



</tr><tr style="height: 17px;"><td style="width: 94.1129%; height: 17px;"><font style="font-size: 10pt; font-family: 'times new roman', times;"><a href="#BSHE_342024145226707">Statements of changes in equity</a></font></td><td class="bmpageno" style="width: 5.72363%; text-align: right; height: 17px;">12</td>



</tr><tr style="height: 17px;"><td style="width: 94.1129%; height: 17px;"><font style="font-size: 10pt; font-family: 'times new roman', times;"><a href="#BCF_342024145257379">Statements of cash flows - indirect method</a></font></td><td class="bmpageno" style="width: 5.72363%; text-align: right; height: 17px;">14</td>



</tr><tr style="height: 17px;"><td style="width: 94.1129%; height: 17px;"><font style="font-size: 10pt; font-family: 'times new roman', times;"><a href="#BVA_34202414541840">Statements of value added</a></font></td><td class="bmpageno" style="width: 5.72363%; text-align: right; height: 17px;">16</td>



</tr><tr style="height: 17px;"><td style="width: 94.1129%; height: 17px;"><font style="font-size: 10pt; font-family: 'times new roman', times;"><a href="#Ba1_342024144224166">1. Operations</a></font></td><td class="bmpageno" style="width: 5.72363%; text-align: right; height: 17px;">17</td>



</tr><tr style="height: 17px;"><td style="width: 94.1129%; height: 17px;"><font style="font-size: 10pt; font-family: 'times new roman', times;"><a href="#Ba3_342024144305">2. Basis of preparation and presentation of individual and consolidated interim financial information </a></font></td><td class="bmpageno" style="width: 5.72363%; text-align: right; height: 17px;">20</td>



</tr><tr style="height: 17px;"><td style="width: 94.1129%; height: 17px;"><font style="font-size: 10pt; font-family: 'times new roman', times;"><a href="#Ba4_342024144324461">3. New accounting policies and changes in accounting policies </a></font></td><td class="bmpageno" style="width: 5.72363%; text-align: right; height: 17px;">21</td>



</tr><tr style="height: 17px;"><td style="width: 94.1129%; height: 17px;"><font style="font-size: 10pt; font-family: 'times new roman', times;"><a href="#Ba5_342024144339599">4. Cash and cash equivalents, financial investments, derivative financial instruments</a></font></td><td class="bmpageno" style="width: 5.72363%; text-align: right; height: 17px;">22</td>



</tr><tr style="height: 17px;"><td style="width: 94.1129%; height: 17px;"><font style="font-size: 10pt; font-family: 'times new roman', times;"><a href="#Ba6_342024144356469">5. Trade receivables, reseller financing and other receivables (Consolidated)</a></font></td><td class="bmpageno" style="width: 5.72363%; text-align: right; height: 17px;">23</td>



</tr><tr style="height: 17px;"><td style="width: 94.1129%; height: 17px;"><font style="font-size: 10pt; font-family: 'times new roman', times;"><a href="#Ba7_342024144440108">6. Inventories (Consolidated)</a></font></td><td class="bmpageno" style="width: 5.72363%; text-align: right; height: 17px;">26</td>



</tr><tr style="height: 17px;"><td style="width: 94.1129%; height: 17px;"><font style="font-size: 10pt; font-family: 'times new roman', times;"><a href="#Ba8_342024144452866">7. Recoverable taxes (Consolidated)</a></font></td><td class="bmpageno" style="width: 5.72363%; text-align: right; height: 17px;">26</td>



</tr><tr style="height: 17px;"><td style="width: 94.1129%; height: 17px;"><font style="font-size: 10pt; font-family: 'times new roman', times;"><a href="#Ba10_34202414458795">8. Related parties</a></font></td><td class="bmpageno" style="width: 5.72363%; text-align: right; height: 17px;">27</td>



</tr><tr style="height: 17px;"><td style="width: 94.1129%; height: 17px;"><font style="font-size: 10pt; font-family: 'times new roman', times;"><a href="#BSD_7_342024144813933">9. Income and social contribution taxes</a></font></td><td class="bmpageno" style="width: 5.72363%; text-align: right; height: 17px;">33</td>



</tr><tr style="height: 17px;"><td style="width: 94.1129%; height: 17px;"><font style="font-size: 10pt; font-family: 'times new roman', times;"><a href="#BSD_8_342024144840275">10. Contractual assets with customers - exclusivity rights (Consolidated)</a></font></td><td class="bmpageno" style="width: 5.72363%; text-align: right; height: 17px;">37</td>



</tr><tr style="height: 17px;"><td style="width: 94.1129%; height: 17px;"><font style="font-size: 10pt; font-family: 'times new roman', times;"><a href="#BSD_9_342024144858307">11. Investments in subsidiaries, joint ventures and associates </a></font></td><td class="bmpageno" style="width: 5.72363%; text-align: right; height: 17px;">37</td>



</tr><tr style="height: 17px;"><td style="width: 94.1129%; height: 17px;"><font style="font-size: 10pt; font-family: 'times new roman', times;"><a href="#Ba11_342024144551176">12. Right-of-use assets and leases payable (Consolidated)</a></font></td><td class="bmpageno" style="width: 5.72363%; text-align: right; height: 17px;">41</td>



</tr><tr style="height: 17px;"><td style="width: 94.1129%; height: 17px;"><font style="font-size: 10pt; font-family: 'times new roman', times;"><a href="#Ba12_34202414464536">13. Property, plant, and equipment (Consolidated)</a></font></td><td class="bmpageno" style="width: 5.72363%; text-align: right; height: 17px;">44</td>



</tr><tr style="height: 17px;"><td style="width: 94.1129%; height: 17px;"><font style="font-size: 10pt; font-family: 'times new roman', times;"><a href="#Ba15_342024144614152">14. Intangible assets (consolidated)</a></font></td><td class="bmpageno" style="width: 5.72363%; text-align: right; height: 17px;">45</td>



</tr><tr style="height: 17px;"><td style="width: 94.1129%; height: 17px;"><font style="font-size: 10pt; font-family: 'times new roman', times;"><a href="#Ba16_342024144653131">15. Loans, financing, debentures and derivative financial instruments</a></font></td><td class="bmpageno" style="width: 5.72363%; text-align: right; height: 17px;">47</td>



</tr><tr style="height: 17px;"><td style="width: 94.1129%; height: 17px;"><font style="font-size: 10pt; font-family: 'times new roman', times;"><a href="#Ba19_342024144714771">16. Trade payables (consolidated)</a></font></td><td class="bmpageno" style="width: 5.72363%; text-align: right; height: 17px;">52</td>



</tr><tr style="height: 17px;"><td style="width: 94.1129%; height: 17px;"><font style="font-size: 10pt; font-family: 'times new roman', times;"><a href="#Ba30_34202415448920">17. Employee benefits and private pension plan (Consolidated)</a></font></td><td class="bmpageno" style="width: 5.72363%; text-align: right; height: 17px;">53</td>



</tr><tr style="height: 17px;"><td style="width: 94.1129%; height: 17px;"><font style="font-size: 10pt; font-family: 'times new roman', times;"><a href="#Ba21_342024144736220">18. Provisions and contingent liabilities (Consolidated)</a></font></td><td class="bmpageno" style="width: 5.72363%; text-align: right; height: 17px;">54</td>



</tr><tr style="height: 17px;"><td style="width: 94.1129%; height: 17px;"><font style="font-size: 10pt; font-family: 'times new roman', times;"><a href="#BSD_1_342024144219816">19. Subscription warrants &#8211; indemnification</a></font></td><td class="bmpageno" style="width: 5.72363%; text-align: right; height: 17px;">57</td>



</tr><tr style="height: 17px;"><td style="width: 94.1129%; height: 17px;"><font style="font-size: 10pt; font-family: 'times new roman', times;"><a href="#BSD_2_342024144254685">20. Equity</a></font></td><td class="bmpageno" style="width: 5.72363%; text-align: right; height: 17px;">57</td>



</tr><tr style="height: 17px;"><td style="width: 94.1129%; height: 17px;"><font style="font-size: 10pt; font-family: 'times new roman', times;"><a href="#BSD_3_342024144320407">21. Net revenue from sales and services (Consolidated)</a></font></td><td class="bmpageno" style="width: 5.72363%; text-align: right; height: 17px;">58</td>



</tr><tr style="height: 17px;"><td style="width: 94.1129%; height: 17px;"><font style="font-size: 10pt; font-family: 'times new roman', times;"><a href="#BSD_4_342024144335766">22. Costs and expenses by nature</a></font></td><td class="bmpageno" style="width: 5.72363%; text-align: right; height: 17px;">59</td>



</tr><tr style="height: 17px;"><td style="width: 94.1129%; height: 17px;"><font style="font-size: 10pt; font-family: 'times new roman', times;"><a href="#BSD_5_34202414435278">23. Financial result</a></font></td><td class="bmpageno" style="width: 5.72363%; text-align: right; height: 17px;">60</td>



</tr><tr style="height: 17px;"><td style="width: 94.1129%; height: 17px;"><font style="font-size: 10pt; font-family: 'times new roman', times;"><a href="#BSD_6_34202414445703">24. Earnings per share (Parent and Consolidated)</a></font></td><td class="bmpageno" style="width: 5.72363%; text-align: right; height: 17px;">61</td>



</tr><tr style="height: 17px;"><td style="width: 94.1129%; height: 17px;"><font style="font-size: 10pt; font-family: 'times new roman', times;"><a href="#BN25_342024143229553">25. Segment information</a></font></td><td class="bmpageno" style="width: 5.72363%; text-align: right; height: 17px;">62</td>



</tr><tr style="height: 17px;"><td style="width: 94.1129%; height: 17px;"><font style="font-size: 10pt; font-family: 'times new roman', times;"><a href="#Bn26_342024143042650">26. Risks and financial instruments (Consolidated)</a></font></td><td class="bmpageno" style="width: 5.72363%; text-align: right; height: 17px;">65</td>



</tr><tr style="height: 17px;"><td style="width: 94.1129%; height: 17px;"><font style="font-size: 10pt; font-family: 'times new roman', times;"><a href="#BN27_34202414231651"> 27. Commitments (Consolidated)</a></font></td><td class="bmpageno" style="width: 5.72363%; text-align: right; height: 17px;">81</td>



</tr><tr style="height: 17px;"><td style="width: 94.1129%; height: 17px;"><font style="font-size: 10pt; font-family: 'times new roman', times;"><a href="#BN28_34202414233524">28. Acquisition of Interest and Control</a></font></td><td class="bmpageno" style="width: 5.72363%; text-align: right; height: 17px;">81</td>



</tr><tr style="height: 17px;"><td style="width: 94.1129%; height: 17px;"><font style="font-size: 10pt; font-family: 'times new roman', times;"><a href="#BN29_342024142349864">29. Events after the reporting period </a></font></td><td class="bmpageno" style="width: 5.72363%; text-align: right; height: 17px;">83</td>



</tr>







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</div><p style="margin:0pt"><br></p>


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</div><p style="margin:0pt"><br></p><div><table style="width: 100%; font-family: 'times new roman'; font-size: 10pt;" class="mce-item-table"><tr><td class="pgno" style="padding: 0px; text-align: center;"><font style="font-size: 10pt;" class="pageno"><font class='pageno'>4</font></font></td>


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</table><hr class="horizontalLineRemoved" style="border-bottom-color: #000000; border-top-color: #000000; color: #000000; background-color: #000000;"></hr><div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div>


</div><p style="margin:0pt"><br></p>



</div><div style="font-family: 'times new roman', times; font-size: 10pt;">
<div style="width: 8.5in; margin: 0 auto;">
<div style="font-family: 'times new roman', times; font-size: 10pt;">
<p style="line-height: 1.2;;margin:0pt"><br></p>
<p style="margin: 0in 0in 10pt; font-size: 10.5pt; font-family: 'Times New Roman', serif; line-height: 1.2;"><font style="font-size: 10pt; font-family: Calibri, sans-serif; line-height: inherit;"><font style="font-family: 'times new roman', times;">(Convenience Translation into English from the
Original Previously Issued in Portuguese)</font></font></p>
<p style="margin: 0in 0in 10pt; font-size: 10.5pt; font-family: 'Times New Roman', serif; line-height: 1.2;"><b style="mso-bidi-font-weight: normal;"><font style="font-size: 20pt; font-family: Calibri, sans-serif; line-height: inherit;"><font style="font-family: 'times new roman', times;">Ultrapar Participa&#231;&#245;es S.A.</font></font></b></p>
<p style="margin: 0in; font-size: 10.5pt; font-family: 'Times New Roman', serif; line-height: 1.2;"><font style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;">Report on Review of Interim Financial Information <br>
for the Quarter Ended <br>
March 31, 2024</font></p>
<p style="margin: 0in; font-size: 10.5pt; font-family: 'Times New Roman', serif; line-height: 1.2;"><font style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0in; font-size: 10.5pt; font-family: 'Times New Roman', serif; line-height: 1.2;"><font style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0in; font-size: 10.5pt; font-family: 'Times New Roman', serif; line-height: 1.2;"><font style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0in; font-size: 10.5pt; font-family: 'Times New Roman', serif; line-height: 1.2;"><font style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;">&nbsp;</font></p>



<font lang="PT-BR" style="font-size: 10pt; font-family: 'times new roman', times;">

Deloitte Touche Tohmatsu
Auditores Independentes Ltda.</font>


<br></div>
<div style="font-family: 'times new roman', times; font-size: 10pt;"><br></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'>5</font></font></td>


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<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div>


</div>


</div>
<div style="font-family: 'times new roman', times; font-size: 10pt; line-height: 1.2; margin: 0px; text-indent: 0px;">
<div style="page: WordSection1; margin: 0px; text-indent: 0px; line-height: 1.2;">
<p style="margin: 0px; font-size: 10.5pt; font-family: 'Times New Roman', serif; text-indent: 0px;"><font style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;">&nbsp;</font></p>
<div style="margin: 0 auto;">
<div style="page: WordSection1; margin: 0px; text-indent: 0px; line-height: 1.2;">
<div style="width: 8.5in; margin: 0 auto;">
<table style="width: 100%; margin-left: 0.1px; height: 106px; font-family: &quot;times new roman&quot;; font-size: 10pt;">

<tr style="height: 106px;">
<td style="width: 64.5833%; vertical-align: top; height: 106px;" valign="top"><img src="img060e8ac43f1149ec8dd1.jpg" alt="Graphics"></td>
<td style="width: 35.4167%; height: 106px;">
<p 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; line-height: 8.5pt; margin: 0px; font-size: 10.5pt; font-family: 'Times New Roman', serif;"><font style="font-size: 10pt; font-family: 'times new roman', times;">Deloitte Touche Tohmatsu</font></p>
<p 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; line-height: 8.5pt; margin: 0px; font-size: 10.5pt; font-family: 'Times New Roman', serif;"><font style="font-size: 10pt; font-family: 'times new roman', times;">Av. Dr. Chucri Zaidan, 1.240 -</font></p>
<p 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; line-height: 8.5pt; margin: 0px; font-size: 10.5pt; font-family: 'Times New Roman', serif;"><font style="font-size: 10pt; font-family: 'times new roman', times;">4<sup>o</sup>&nbsp;ao 12<sup>o</sup>&nbsp;pisos - Golden Tower</font></p>
<p 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; line-height: 8.5pt; margin: 0px; font-size: 10.5pt; font-family: 'Times New Roman', serif;"><font lang="PT-BR" style="font-size: 10pt; font-family: 'times new roman', times;">04711-130 - S&#227;o Paulo - SP</font></p>
<p 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; line-height: 8.5pt; margin: 0px; font-size: 10.5pt; font-family: 'Times New Roman', serif;"><font lang="PT-BR" style="font-size: 10pt; font-family: 'times new roman', times;">Brasil</font></p>
<p 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; line-height: 8.5pt; margin: 0px; font-size: 10.5pt; font-family: 'Times New Roman', serif;"><font lang="PT-BR" style="font-size: 10pt; font-family: 'times new roman', times;">&nbsp;</font></p>
<p 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; line-height: 8.5pt; margin: 0px; font-size: 10.5pt; font-family: 'Times New Roman', serif;"><font lang="PT-BR" style="font-size: 10pt; font-family: 'times new roman', times;">Tel.: + 55 (11) 5186-1000</font></p>
<p 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; line-height: 8.5pt; margin: 0px; font-size: 10.5pt; font-family: 'Times New Roman', serif;"><font lang="PT-BR" style="font-size: 10pt; font-family: 'times new roman', times;">Fax: + 55 (11) 5181-2911</font></p>
<p 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; line-height: 8.5pt; margin: 0px; font-size: 10.5pt; font-family: 'Times New Roman', serif;"><font lang="PT-BR" style="font-size: 10pt; font-family: 'times new roman', times;">www.deloitte.com.br</font></p>


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</table>
<p style="margin: 10pt 0pt 0pt; font-size: 10.5pt; font-family: 'Times New Roman', serif; text-indent: 0pt; line-height: 1.2;"><font style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;">(Convenience
Translation into English from the Original Previously Issued in Portuguese)</font></p>
<p style="margin: 12pt 0in 10pt; font-size: 10.5pt; font-family: 'Times New Roman', serif; line-height: 1.2;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><u><font style="line-height: inherit;">REPORT ON
REVIEW OF INTERIM FINANCIAL INFORMATION</font></u></font></p>
<p style="margin: 0in; font-size: 10.5pt; font-family: 'Times New Roman', serif; line-height: 1.2;"><font style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;">To the
Shareholders, Board of Directors and Management of</font></p>
<p style="margin: 0in 0in 10pt; font-size: 10.5pt; font-family: 'Times New Roman', serif; line-height: 1.2;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><font style="line-height: inherit;">Ultrapar Participa&#231;&#245;es
S.A.</font><u><font style="line-height: inherit;"></font></u></font></p>
<p style="margin: 0in 0in 10pt; font-size: 10.5pt; font-family: 'Times New Roman', serif; line-height: 1.2;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><b style="mso-bidi-font-weight: normal;"><font style="line-height: inherit;">Introduction</font></b><font style="line-height: inherit;"></font></font></p>
<p style="margin: 0in 0in 10pt; font-size: 10.5pt; font-family: 'Times New Roman', serif; line-height: 1.2;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><font style="line-height: inherit;">We have reviewed the accompanying individual and
consolidated interim financial information of </font><font style="line-height: inherit;">Ultrapar Participa&#231;&#245;es </font><font style="line-height: inherit;">S.A.</font><font style="line-height: inherit;"> (&#8220;Company&#8221;), identified as Parent and Consolidated, included in the
Interim Financial Information Form (ITR), for the quarter ended March 31, 2024,
which comprises the statements of financial position as at March 31, 2024 and
the related statements of income, of comprehensive income, of changes in equity
and of cash flows for the three-month period then ended, including the
explanatory notes.</font><font style="line-height: inherit;"></font></font></p>
<p style="margin: 0in 0in 10pt; font-size: 10.5pt; font-family: 'Times New Roman', serif; line-height: 1.2;"><font style="font-size: 10pt; font-family: 'times new roman', times; color: black; line-height: inherit;">Management is responsible for the
preparation of this individual and consolidated interim financial information
in accordance with technical pronouncement CPC 21(R1) and international
standard IAS 34 - Interim Financial Reporting, issued by the International
Accounting Standards Board (IASB), as well as for the presentation of such
information in accordance with the standards issued by the Brazilian Securities
and Exchange Commission (CVM), applicable to the preparation of Interim
Financial Information (ITR). Our responsibility is to express a conclusion on
this interim financial information based on our review.</font></p>
<p style="margin: 0in 0in 10pt; font-size: 10.5pt; font-family: 'Times New Roman', serif; line-height: 1.2;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><b style="mso-bidi-font-weight: normal;"><font style="line-height: inherit;">Scope of
review</font></b></font></p>
<p style="margin: 0in 0in 10pt; font-size: 10.5pt; font-family: 'Times New Roman', serif; line-height: 1.2;"><font style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;">We conducted our review in accordance with Brazilian
and international standards on review of interim financial information (NBC TR
2410 and ISRE 2410 Review of Interim Financial Information Performed by the
Independent Auditor of the Entity, respectively). A review of interim financial
information consists of making inquiries, primarily of persons responsible for
financial and accounting matters, and applying analytical and other review
procedures. A review is substantially less in scope than an audit conducted in
accordance with the standards on auditing and consequently does not enable us
to obtain assurance that we would become aware of all significant matters that
might be identified in an audit. Accordingly, we do not express an audit
opinion.<b style="mso-bidi-font-weight: normal;"></b></font></p>
<p style="margin: 0in 0in 10pt; font-size: 10.5pt; font-family: 'Times New Roman', serif; line-height: 1.2;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><b style="mso-bidi-font-weight: normal;"><font style="line-height: inherit;">Conclusion
on the individual and consolidated interim financial information</font></b></font></p>
<p style="margin: 0in 0in 10pt; font-size: 10.5pt; font-family: 'Times New Roman', serif; line-height: 1.2;"><font style="font-size: 10pt; font-family: 'times new roman', times; color: black; line-height: inherit;">Based on our review, nothing has come to
our attention that causes us to believe that the accompanying individual and
consolidated interim financial information has not been prepared, in all
material respects, in accordance with technical pronouncement CPC 21 (R1) and
international standard IAS 34 applicable to the preparation of ITR and
presented in accordance with the standards issued by the Brazilian Securities
and Exchange Commission (CVM).</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'>6</font></font></td>

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</div>
<div style="width: 8.5in; margin: 0 auto;">
<p style="margin: 10pt 0pt; font-size: 10.5pt; font-family: 'Times New Roman', serif; line-height: 1.2; text-indent: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><b style="mso-bidi-font-weight: normal;"><font style="color: #000000; line-height: inherit;">Other
matters</font></b></font></p>
<p style="margin: 0in 0in 10pt; font-size: 10.5pt; font-family: 'Times New Roman', serif; line-height: 1.2;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><i style="mso-bidi-font-style: normal;"><font style="color: black; line-height: inherit;">Statements of value added</font></i></font></p>
<p style="margin: 0in 0in 10pt; font-size: 10.5pt; font-family: 'Times New Roman', serif; line-height: 1.2;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><font style="line-height: inherit;">The interim financial
information referred to above includes the individual and consolidated
statements of value added (DVA) for the three-month period ended March 31, 2024,
prepared under the responsibility of the Company&#8217;s Management, and presented as
supplemental information for international standard IAS&nbsp;34 purposes. These
statements were subject to the review procedures performed together with the
review of the ITR to reach a conclusion on whether they are reconciled with the
interim financial information and the accounting records, as applicable, and if
their form and content are consistent with the criteria set forth in technical
pronouncement CPC&nbsp;09 (R1) - Statement of Value Added. Based on our review,
nothing has come to our attention that causes us to believe that these
statements of value added were not prepared, in all material respects, in
accordance with the criteria defined in such standard and consistently with the
individual and consolidated interim financial information taken as a whole.</font><font style="line-height: inherit;"></font></font></p>
<p style="margin: 0in 0in 10pt; font-size: 10.5pt; font-family: 'Times New Roman', serif; line-height: 1.2;"><font style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;">The accompanying interim financial information has been translated into
English for the convenience of readers outside Brazil.</font></p>
<p style="margin: 0px; font-size: 10.5pt; font-family: 'Times New Roman', serif; line-height: 1.2; text-indent: 0px;"><font lang="PT-BR" style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;">S&#227;o
Paulo, May 8, 2024</font><font lang="PT-BR" style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"><font style="line-height: inherit;">&nbsp;</font></font></p>
<p style="margin: 0px; font-size: 10.5pt; font-family: 'Times New Roman', serif; line-height: 1.2; text-indent: 0px;"><font lang="PT-BR" style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"><font style="line-height: inherit;">&nbsp;</font></font></p>
<table style="width: 80%; margin-left: 0.1px; font-family: 'times new roman'; font-size: 10pt;">

<tr>
<td style="width: 50%;"><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; 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;">DELOITTE TOUCHE TOHMATSU</font><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; 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;">&nbsp;</font></td>
<td style="width: 50%;"><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; 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;">Daniel Corr&#234;a de S&#225;</font></td>




</tr>
<tr>
<td style="width: 50%;">Auditores<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; 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>Independentes<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; 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>Ltda<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; 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></td>
<td style="width: 50%;"><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; 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;">Engagement Partner</font></td>




</tr>









</table>
<p style="margin: 0in; font-size: 10.5pt; font-family: 'Times New Roman', serif;"><font lang="PT-BR" style="font-size: 6pt; font-family: Calibri, sans-serif; line-height: inherit;">&nbsp;</font></p>

</div>


</div>


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

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


</tr>





</table>
<hr class="horizontalLineRemoved" style="border-bottom-color: #000000; border-top-color: #000000; color: #000000; background-color: #000000;"></hr>
<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div>


</div>


<font lang="PT-BR" style="font-size: 9pt; font-family: Calibri, sans-serif; line-height: inherit;">




</font></div><div style="font-family: 'times new roman', times; font-size: 10pt;">
<div>
<div style="width: 8.5in; margin: 0 auto;">
<table style="width: 100%; height: 61px; border-collapse: collapse; font-family: 'times new roman'; font-size: 10pt;">

<tr style="height: 10px;">
<td style="height: 10px; vertical-align: bottom; width: 75%;" valign="bottom"><font style="color: #000000; font-family: 'times new roman', times; font-size: 11pt; 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 Participa&#231;&#245;es S.A. and Subsidiaries</font></td>
<td style="height: 10px; width: 25%;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><img src="imgc0dec36d433f45a2aa5c.jpg" style="float: right;" alt="Graphics"></font></td>









</tr>
<tr style="height: 17px;">
<td style="height: 17px;"><a style="text-decoration: none; color: #000000; cursor: default; outline: none;" href="#TOC" name="BBS_34202414477413" class="customBookmark"><font style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; 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; float: none; display: inline !important;">Statements of financial</font><font style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; 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; float: none; display: inline !important;"> position</font></a></td>
<td style="height: 17px;"><br></td>









</tr>
<tr style="height: 17px;">
<td style="height: 17px;"><font style="color: #000000; font-family: 'times new roman', times; font-size: 12px; 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;">As of March 31, 2024 and December 31, 2023</font></td>
<td style="height: 17px;"><br></td>









</tr>
<tr style="height: 17px;">
<td style="height: 17px; border-bottom-width: 1.5pt; border-bottom-style: solid; border-bottom-color: #000080 !important;"><font style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: italic; font-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;">(In thousands of Brazilian<font>&nbsp;</font></font>Reais<font style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: italic; font-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;">)</font></td>
<td style="height: 17px; border-bottom-width: 1.5pt; border-bottom-style: solid; border-bottom-color: #000080 !important;"></td>









</tr>



















</table>
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&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%; height: 663px;" width="100%">

<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>











</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">&#8206;</font></p>











</td>
<td colspan="3" style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">Parent</font></p>











</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">&nbsp;</font></p>











</td>
<td colspan="3" style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">Consolidated</font></p>











</td>




</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>











</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">Note</font></p>











</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">03/31/2024</font></p>











</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">&nbsp;</font></p>











</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">12/31/2023</font></p>











</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">&nbsp;</font></p>











</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">03/31/2024</font></p>











</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">&nbsp;</font></p>











</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">12/31/2023</font></p>











</td>




</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">Assets</font></p>











</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>











</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>











</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>











</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>











</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>











</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>











</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>











</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">&nbsp;</font></p>











</td>




</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">Current assets</font></p>











</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>











</td>
<td style="vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>











</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>











</td>
<td style="vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>











</td>
<td style="vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>











</td>
<td style="vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>











</td>
<td style="vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>











</td>
<td style="vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>











</td>




</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 51%; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Cash and cash equivalents</font></p>











</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 6%; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">4.a</font></p>











</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 10%; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">308,528</font></p>











</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 1%; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>











</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 10%; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">412,840</font></p>











</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 1%; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>











</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 10%; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">3,747,552</font></p>











</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 1%; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>











</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 10%; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">5,925,688</font></p>











</td>




</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Financial investments, derivative financial instruments and other financial assets</font></p>











</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">4.b</font></p>











</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#8208;</font></p>











</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>











</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#8208;</font></p>











</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>











</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">309,460</font></p>











</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>











</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">292,934</font></p>











</td>




</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Trade receivables</font></p>











</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">5.a</font></p>











</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#8208;</font></p>











</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>











</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#8208;</font></p>











</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>











</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">3,704,187</font></p>











</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>











</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">3,921,790</font></p>











</td>




</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Reseller financing</font></p>











</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">5.b</font></p>











</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#8208;</font></p>











</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>











</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#8208;</font></p>











</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>











</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">502,702</font></p>











</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>











</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">504,862</font></p>











</td>




</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Trade receivables - sale of subsidiaries</font></p>











</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">5.c</font></p>











</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">214,284</font></p>











</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>











</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">208,487</font></p>











</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>











</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">963,714</font></p>











</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>











</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">924,364</font></p>











</td>




</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Inventories</font></p>











</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">6</font></p>











</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#8208;</font></p>











</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>











</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#8208;</font></p>











</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>











</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">4,371,941</font></p>











</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>











</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">4,291,431</font></p>











</td>




</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Recoverable taxes</font></p>











</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">7.a</font></p>











</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">1,049</font></p>











</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>











</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">1,050</font></p>











</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>











</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">1,524,461</font></p>











</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>











</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">1,462,269</font></p>











</td>




</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Recoverable income and social contribution taxes</font></p>











</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">7.b</font></p>











</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">21,338</font></p>











</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>











</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">25,006</font></p>











</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>











</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">163,725</font></p>











</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>











</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">171,051</font></p>











</td>




</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Dividends receivable</font></p>











</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">-</font></p>











</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">1,346</font></p>











</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>











</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">414,973</font></p>











</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>











</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">2,722</font></p>











</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>











</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">3,572</font></p>











</td>




</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Other receivables</font></p>











</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">-</font></p>











</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">126,497</font></p>











</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>











</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">105,229</font></p>











</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>











</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">320,576</font></p>











</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>











</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">263,806</font></p>











</td>




</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Prepaid expenses</font></p>











</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">-</font></p>











</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">6,847</font></p>











</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>











</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">4,617</font></p>











</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>











</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">184,704</font></p>











</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>











</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">99,922</font></p>











</td>




</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Contractual assets with customers - exclusivity rights</font></p>











</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">10</font></p>











</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#8208;</font></p>











</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>











</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#8208;</font></p>











</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>











</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">779,153</font></p>











</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>











</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">787,206</font></p>











</td>




</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt 0pt 0pt 20pt; text-indent: 0.75pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Total current assets</font></p>











</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">&nbsp;</font></p>











</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">679,889</font></p>











</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>











</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">1,172,202</font></p>











</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>











</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">16,574,897</font></p>











</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>











</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">18,648,895</font></p>











</td>




</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>











</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">&nbsp;</font></p>











</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>











</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>











</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>











</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>











</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>











</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>











</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>











</td>




</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">Non-current assets</font></p>











</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">&nbsp;</font></p>











</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>











</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>











</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>











</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>











</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>











</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>











</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>











</td>




</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Financial investments, derivative financial instruments and other financial assets</font></p>











</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">4.b</font></p>











</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#8208;</font></p>











</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>











</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">295,637</font></p>











</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>











</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">2,550,001</font></p>











</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>











</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">951,941</font></p>











</td>




</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Trade receivables</font></p>











</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">5.a</font></p>











</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#8208;</font></p>











</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>











</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#8208;</font></p>











</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>











</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">16,812</font></p>











</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>











</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">13,216</font></p>











</td>




</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Reseller financing</font></p>











</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">5.b</font></p>











</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#8208;</font></p>











</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>











</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#8208;</font></p>











</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>











</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">582,391</font></p>











</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>











</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">550,641</font></p>











</td>




</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Related parties</font></p>











</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">8.a</font></p>











</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">6,877</font></p>











</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>











</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">6,677</font></p>











</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>











</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">40,680</font></p>











</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>











</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">31,892</font></p>











</td>




</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Deferred income and social contribution taxes</font></p>











</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">9.a</font></p>











</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">167,180</font></p>











</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>











</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">164,267</font></p>











</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>











</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">1,155,497</font></p>











</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>











</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">1,255,134</font></p>











</td>




</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Recoverable taxes</font></p>











</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">7.a</font></p>











</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">75</font></p>











</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>











</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">75</font></p>











</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>











</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">2,307,597</font></p>











</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>











</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">2,741,370</font></p>











</td>




</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Recoverable income and social contribution taxes</font></p>











</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">7.b</font></p>











</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">393</font></p>











</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>











</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">8,065</font></p>











</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>











</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">240,522</font></p>











</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>











</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">225,354</font></p>











</td>




</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Escrow deposits</font></p>











</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">18.a</font></p>











</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">18</font></p>











</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>











</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">18</font></p>











</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>











</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">1,034,944</font></p>











</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>











</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">1,032,717</font></p>











</td>




</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Indemnification asset - business combination</font></p>











</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">18.c</font></p>











</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#8208;</font></p>











</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>











</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#8208;</font></p>











</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>











</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">126,489</font></p>











</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>











</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">124,927</font></p>











</td>




</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Other receivables and other assets</font></p>











</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">-</font></p>











</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">-</font></p>











</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>











</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">-</font></p>











</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>











</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">138,972</font></p>











</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>











</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">155,818</font></p>











</td>




</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Prepaid expenses</font></p>











</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">-</font></p>











</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">13,333</font></p>











</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>











</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">13,752</font></p>











</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>











</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">53,407</font></p>











</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>











</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">73,387</font></p>











</td>




</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Contractual assets with customers - exclusivity rights</font></p>











</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">10</font></p>











</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#8208;</font></p>











</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>











</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#8208;</font></p>











</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>











</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">1,436,748</font></p>











</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>











</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">1,475,302</font></p>











</td>




</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>











</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">&nbsp;</font></p>











</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>











</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>











</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>











</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>











</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>











</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>











</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>











</td>




</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Investments in subsidiaries, joint ventures and associates</font></p>











</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">11</font></p>











</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">13,058,205</font></p>











</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>











</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">12,322,055</font></p>











</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>











</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">316,185</font></p>











</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>











</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">318,356</font></p>











</td>




</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Right-of-use assets, net</font></p>











</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">12</font></p>











</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">7,148</font></p>











</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>











</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">7,527</font></p>











</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>











</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">1,671,590</font></p>











</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>











</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">1,711,526</font></p>











</td>




</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Property, plant and equipment, net</font></p>











</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">13</font></p>











</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">73,295</font></p>











</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>











</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">5,791</font></p>











</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>











</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">6,494,638</font></p>











</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>











</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">6,387,581</font></p>











</td>




</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Intangible assets, net</font></p>











</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">14</font></p>











</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">270,442</font></p>











</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>











</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">270,658</font></p>











</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>











</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">1,872,083</font></p>











</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>











</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">2,553,917</font></p>











</td>




</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Total non-current assets</font></p>











</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>











</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">13,596,966</font></p>











</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>











</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">13,094,522</font></p>











</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>











</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">20,038,556</font></p>











</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>











</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">19,603,079</font></p>











</td>




</tr>
<tr style="height: 17px;">
<td style="padding: 0px 0px 0px 4px; vertical-align: middle; height: 17px;">
<p style="text-indent: 1.15pt; text-align: left; margin: 0pt 0pt 0pt 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Total assets</font></p>











</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>











</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">14,276,855</font></p>











</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>











</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">14,266,724</font></p>











</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>











</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">36,613,453</font></p>











</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>











</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">38,251,974</font></p>











</td>




</tr>
















</table>
<p style="margin: 10pt 0pt; break-after: avoid; break-inside: avoid; text-indent: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;The accompanying notes are an integral part of the interim financial information.</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'>8</font></font></td>








</tr>

















</table>
<hr class="horizontalLineRemoved" style="border-bottom-color: #000000; border-top-color: #000000; color: #000000; background-color: #000000;"></hr>
<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div>








</div>
<div style="width: 8.5in; margin: 0 auto;">
<table style="width: 100%; height: 61px; border-collapse: collapse; font-family: 'times new roman'; font-size: 10pt;">

<tr style="height: 10px;">
<td style="height: 10px; vertical-align: bottom; width: 75%;" valign="bottom"><font style="color: #000000; font-family: 'times new roman', times; font-size: 11pt; 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 Participa&#231;&#245;es S.A. and Subsidiaries</font></td>
<td style="height: 10px; width: 25%;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><img src="imgc0dec36d433f45a2aa5c.jpg" style="float: right;" alt="Graphics"></font></td>









</tr>
<tr style="height: 17px;">
<td style="height: 17px;"><font style="font-size: 10pt;"><font style="color: #000000; font-family: 'times new roman', times; 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; float: none; display: inline !important;">Statements of financial</font><font style="color: #000000; font-family: 'times new roman', times; 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; float: none; display: inline !important;"> position</font></font></td>
<td style="height: 17px;"><br></td>









</tr>
<tr style="height: 17px;">
<td style="height: 17px;"><font style="color: #000000; font-family: 'times new roman', times; font-size: 12px; 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;">As of March 31, 2024 and December 31, 2023</font></td>
<td style="height: 17px;"><br></td>









</tr>
<tr style="height: 17px;">
<td style="height: 17px; border-bottom-width: 1.5pt; border-bottom-style: solid; border-bottom-color: #000080 !important;"><font style="font-size: 10pt;"><font style="color: #000000; font-family: 'times new roman', times; font-style: italic; font-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;">(In thousands of Brazilian&nbsp;</font>Reais<font style="color: #000000; font-family: 'times new roman', times; font-style: italic; font-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;">)</font></font></td>
<td style="height: 17px; border-bottom-width: 1.5pt; border-bottom-style: solid; border-bottom-color: #000080 !important;"></td>









</tr>



















</table>
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font><font style="font-size: 10pt;">&nbsp;</font></p>
<table cellspacing="0" cellpadding="0" style="border-collapse: collapse; margin-left: 0px; font-family: 'times new roman'; font-size: 10pt; width: 100%;" width="100%">

<tr style="height: 1pt;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 50.9403%;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>











</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 5.96893%;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">&#8206;</font></p>











</td>
<td colspan="3" style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 20.9321%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">Parent</font></p>











</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 0.981194%;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 8pt;">&nbsp;</font></p>











</td>
<td colspan="3" style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 20.9321%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">Consolidated</font></p>











</td>









</tr>
<tr style="height: 1pt;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 50.9403%;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>











</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 5.96893%;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">Note</font></p>











</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 9.97547%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">03/31/2024</font></p>











</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 0.981194%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 8pt;">&nbsp;</font></p>











</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 9.97547%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">12/31/2023</font></p>











</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 0.981194%;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 8pt;">&nbsp;</font></p>











</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 9.97547%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">03/31/2024</font></p>











</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 0.981194%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 8pt;">&nbsp;</font></p>











</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 9.97547%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">12/31/2023</font></p>











</td>









</tr>
<tr style="height: 1pt; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 50.9403%; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">Liabilities</font></p>











</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 5.96893%; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>











</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 9.97547%; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>











</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 0.981194%; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>











</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 9.97547%; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>











</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 0.981194%; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>











</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 9.97547%; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>











</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 0.981194%; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>











</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 9.97547%; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>











</td>









</tr>
<tr style="height: 1pt;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 50.9403%;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">Current liabilities</font></p>











</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 5.96893%;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>











</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 9.97547%;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>











</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 0.981194%;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>











</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 9.97547%;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>











</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 0.981194%;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>











</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 9.97547%;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>











</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 0.981194%;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>











</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 9.97547%;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>











</td>









</tr>
<tr style="height: 1pt; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 50.9403%; background-color: #cceeff;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Trade payables</font></p>











</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 5.96893%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">16.a</font></p>











</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 9.97547%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">32,176</font></p>











</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 0.981194%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>











</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 9.97547%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">26,772</font></p>











</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 0.981194%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>











</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 9.97547%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">3,077,758</font></p>











</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 0.981194%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>











</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 9.97547%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">4,682,671</font></p>











</td>









</tr>
<tr style="height: 1pt;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 50.9403%;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Trade payables - reverse factoring</font></p>











</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 5.96893%;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">16.b</font></p>











</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 9.97547%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#8208;</font></p>











</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 0.981194%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>











</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 9.97547%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#8208;</font></p>











</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 0.981194%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>











</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 9.97547%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">1,304,089</font></p>











</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 0.981194%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>











</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 9.97547%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">1,039,366</font></p>











</td>









</tr>
<tr style="height: 1pt; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 50.9403%; background-color: #cceeff;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Loans, financing and derivative financial instruments</font></p>











</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 5.96893%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">15</font></p>











</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 9.97547%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#8208;</font></p>











</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 0.981194%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>











</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 9.97547%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#8208;</font></p>











</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 0.981194%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>











</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 9.97547%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">2,830,914</font></p>











</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 0.981194%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>











</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 9.97547%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">1,075,672</font></p>











</td>









</tr>
<tr style="height: 1pt;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 50.9403%;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Debentures</font></p>











</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 5.96893%;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">15</font></p>











</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 9.97547%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#8208;</font></p>











</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 0.981194%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>











</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 9.97547%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#8208;</font></p>











</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 0.981194%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>











</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 9.97547%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">942,281</font></p>











</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 0.981194%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>











</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 9.97547%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">917,582</font></p>











</td>









</tr>
<tr style="height: 1pt; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 50.9403%; background-color: #cceeff;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Salaries and related charges</font></p>











</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 5.96893%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">-</font></p>











</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 9.97547%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">32,225</font></p>











</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 0.981194%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>











</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 9.97547%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">51,148</font></p>











</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 0.981194%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>











</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 9.97547%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">348,877</font></p>











</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 0.981194%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>











</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 9.97547%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">494,771</font></p>











</td>









</tr>
<tr style="height: 1pt;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 50.9403%;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Taxes payable</font></p>











</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 5.96893%;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">-</font></p>











</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 9.97547%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">732</font></p>











</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 0.981194%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>











</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 9.97547%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">1,457</font></p>











</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 0.981194%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>











</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 9.97547%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">164,256</font></p>











</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 0.981194%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>











</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 9.97547%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">168,730</font></p>











</td>









</tr>
<tr style="height: 1pt; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 50.9403%; background-color: #cceeff;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Dividends payable</font></p>











</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 5.96893%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">-</font></p>











</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 9.97547%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">10,910</font></p>











</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 0.981194%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>











</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 9.97547%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">314,418</font></p>











</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 0.981194%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>











</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 9.97547%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">31,135</font></p>











</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 0.981194%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>











</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 9.97547%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">334,641</font></p>











</td>









</tr>
<tr style="height: 1pt;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 50.9403%;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Income and social contribution taxes payable</font></p>











</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 5.96893%;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">-</font></p>











</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 9.97547%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">2,823</font></p>











</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 0.981194%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>











</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 9.97547%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#8208;</font></p>











</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 0.981194%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>











</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 9.97547%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">86,759</font></p>











</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 0.981194%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>











</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 9.97547%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">551,792</font></p>











</td>









</tr>
<tr style="height: 1pt; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 50.9403%; background-color: #cceeff;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Post-employment benefits</font></p>











</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 5.96893%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">17.b</font></p>











</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 9.97547%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#8208;</font></p>











</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 0.981194%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>











</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 9.97547%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#8208;</font></p>











</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 0.981194%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>











</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 9.97547%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">23,674</font></p>











</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 0.981194%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>











</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 9.97547%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">23,612</font></p>











</td>









</tr>
<tr style="height: 1pt;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 50.9403%;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Provision for decarbonization credit</font></p>











</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 5.96893%;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">14.b</font></p>











</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 9.97547%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#8208;</font></p>











</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 0.981194%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>











</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 9.97547%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#8208;</font></p>











</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 0.981194%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>











</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 9.97547%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#8208;</font></p>











</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 0.981194%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>











</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 9.97547%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">741,982</font></p>











</td>









</tr>
<tr style="height: 1pt; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 50.9403%; background-color: #cceeff;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Provisions for tax, civil and labor risks</font></p>











</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 5.96893%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">18.a</font></p>











</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 9.97547%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">907</font></p>











</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 0.981194%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>











</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 9.97547%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">907</font></p>











</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 0.981194%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>











</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 9.97547%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">64,371</font></p>











</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 0.981194%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>











</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 9.97547%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">45,828</font></p>











</td>









</tr>
<tr style="height: 1pt;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 50.9403%;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Leases payable</font></p>











</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 5.96893%;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">12.b</font></p>











</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 9.97547%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">2,428</font></p>











</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 0.981194%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>











</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 9.97547%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">2,389</font></p>











</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 0.981194%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>











</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 9.97547%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">314,134</font></p>











</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 0.981194%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>











</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 9.97547%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">311,426</font></p>











</td>









</tr>
<tr style="height: 1pt; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 50.9403%; background-color: #cceeff;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Financial liabilities of customers</font></p>











</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 5.96893%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">-</font></p>











</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 9.97547%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#8208;</font></p>











</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 0.981194%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>











</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 9.97547%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#8208;</font></p>











</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 0.981194%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>











</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 9.97547%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">148,056</font></p>











</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 0.981194%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>











</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 9.97547%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">157,615</font></p>











</td>









</tr>
<tr style="height: 1pt;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 50.9403%;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Other payables</font></p>











</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 5.96893%;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">-</font></p>











</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 9.97547%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">7,415</font></p>











</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 0.981194%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>











</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 9.97547%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">5,260</font></p>











</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 0.981194%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>











</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 9.97547%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">545,051</font></p>











</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 0.981194%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>











</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 9.97547%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">683,970</font></p>











</td>









</tr>
<tr style="height: 1pt; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 50.9403%; background-color: #cceeff;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Total current liabilities</font></p>











</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 5.96893%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">&nbsp;</font></p>











</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 9.97547%; background-color: #cceeff; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">89,616</font></p>











</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 0.981194%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>











</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 9.97547%; background-color: #cceeff; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">402,351</font></p>











</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 0.981194%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>











</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 9.97547%; background-color: #cceeff; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">9,881,355</font></p>











</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 0.981194%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>











</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 9.97547%; background-color: #cceeff; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">11,229,658</font></p>











</td>









</tr>
<tr style="height: 1pt;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 50.9403%;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>











</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 5.96893%;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">&nbsp;</font></p>











</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 9.97547%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>











</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 0.981194%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>











</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 9.97547%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>











</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 0.981194%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>











</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 9.97547%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>











</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 0.981194%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>











</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 9.97547%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>











</td>









</tr>
<tr style="height: 1pt; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 50.9403%; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">Non-current liabilities</font></p>











</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 5.96893%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>











</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 9.97547%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>











</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 0.981194%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>











</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 9.97547%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>











</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 0.981194%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>











</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 9.97547%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>











</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 0.981194%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>











</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 9.97547%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>











</td>









</tr>
<tr style="height: 1pt;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 50.9403%;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Loans, financing and derivative financial instruments</font></p>











</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 5.96893%;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">15</font></p>











</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 9.97547%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#8208;</font></p>











</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 0.981194%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>











</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 9.97547%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#8208;</font></p>











</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 0.981194%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>











</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 9.97547%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">5,002,053</font></p>











</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 0.981194%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>











</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 9.97547%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">5,585,372</font></p>











</td>









</tr>
<tr style="height: 1pt; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 50.9403%; background-color: #cceeff;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Debentures</font></p>











</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 5.96893%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">15</font></p>











</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 9.97547%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#8208;</font></p>











</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 0.981194%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>











</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 9.97547%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#8208;</font></p>











</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 0.981194%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>











</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 9.97547%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">4,182,547</font></p>











</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 0.981194%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>











</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 9.97547%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">4,189,391</font></p>











</td>









</tr>
<tr style="height: 1pt;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 50.9403%;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Related parties</font></p>











</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 5.96893%;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">8.a</font></p>











</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 9.97547%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">2,875</font></p>











</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 0.981194%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>











</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 9.97547%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">2,875</font></p>











</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 0.981194%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>











</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 9.97547%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">3,318</font></p>











</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 0.981194%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>











</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 9.97547%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">3,118</font></p>











</td>









</tr>
<tr style="height: 1pt; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 50.9403%; background-color: #cceeff;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Deferred income and social contribution taxes</font></p>











</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 5.96893%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">9.a</font></p>











</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 9.97547%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#8208;</font></p>











</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 0.981194%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>











</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 9.97547%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#8208;</font></p>











</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 0.981194%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>











</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 9.97547%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">25,698</font></p>











</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 0.981194%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>











</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 9.97547%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">206</font></p>











</td>









</tr>
<tr style="height: 1pt;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 50.9403%;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Post-employment benefits</font></p>











</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 5.96893%;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">17.b</font></p>











</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 9.97547%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">1,582</font></p>











</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 0.981194%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>











</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 9.97547%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">1,506</font></p>











</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 0.981194%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>











</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 9.97547%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">246,816</font></p>











</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 0.981194%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>











</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 9.97547%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">241,211</font></p>











</td>









</tr>
<tr style="height: 1pt; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; width: 50.9403%; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Provisions for tax, civil and labor risks</font></p>











</td>
<td style="padding-left: 3pt; padding-right: 3pt; width: 5.96893%; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">18.a; 18.c</font></p>











</td>
<td style="padding-left: 3pt; padding-right: 3pt; width: 9.97547%; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">185,460</font></p>











</td>
<td style="padding-left: 3pt; padding-right: 3pt; width: 0.981194%; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>











</td>
<td style="padding-left: 3pt; padding-right: 3pt; width: 9.97547%; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">188,757</font></p>











</td>
<td style="padding-left: 3pt; padding-right: 3pt; width: 0.981194%; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>











</td>
<td style="padding-left: 3pt; padding-right: 3pt; width: 9.97547%; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">1,241,152</font></p>











</td>
<td style="padding-left: 3pt; padding-right: 3pt; width: 0.981194%; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>











</td>
<td style="padding-left: 3pt; padding-right: 3pt; width: 9.97547%; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">1,258,302</font></p>











</td>









</tr>
<tr style="height: 1pt;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 50.9403%;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Leases payable</font></p>











</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 5.96893%;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">12.b</font></p>











</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 9.97547%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">5,763</font></p>











</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 0.981194%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>











</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 9.97547%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">6,197</font></p>











</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 0.981194%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>











</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 9.97547%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">1,157,960</font></p>











</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 0.981194%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>











</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 9.97547%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">1,212,508</font></p>











</td>









</tr>
<tr style="height: 1pt; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 50.9403%; background-color: #cceeff;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Financial liabilities of customers</font></p>











</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 5.96893%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">-</font></p>











</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 9.97547%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#8208;</font></p>











</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 0.981194%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>











</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 9.97547%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#8208;</font></p>











</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 0.981194%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>











</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 9.97547%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">129,502</font></p>











</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 0.981194%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>











</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 9.97547%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">151,319</font></p>











</td>









</tr>
<tr style="height: 1pt;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 50.9403%;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Subscription warrants - indemnification</font></p>











</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 5.96893%;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">19</font></p>











</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 9.97547%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">88,118</font></p>











</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 0.981194%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>











</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 9.97547%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">87,299</font></p>











</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 0.981194%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>











</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 9.97547%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">88,118</font></p>











</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 0.981194%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>











</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 9.97547%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">87,299</font></p>











</td>









</tr>
<tr style="height: 1pt; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 50.9403%; background-color: #cceeff;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Provision for unsecured liabilities of subsidiaries, joint ventures and associates</font></p>











</td>
<td style="padding-left: 3pt; padding-right: 3pt; width: 5.96893%; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">11</font></p>











</td>
<td style="padding-left: 3pt; padding-right: 3pt; width: 9.97547%; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">55,952</font></p>











</td>
<td style="padding-left: 3pt; padding-right: 3pt; width: 0.981194%; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>











</td>
<td style="padding-left: 3pt; padding-right: 3pt; width: 9.97547%; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">55,712</font></p>











</td>
<td style="padding-left: 3pt; padding-right: 3pt; width: 0.981194%; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>











</td>
<td style="padding-left: 3pt; padding-right: 3pt; width: 9.97547%; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">279</font></p>











</td>
<td style="padding-left: 3pt; padding-right: 3pt; width: 0.981194%; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>











</td>
<td style="padding-left: 3pt; padding-right: 3pt; width: 9.97547%; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">256</font></p>











</td>









</tr>
<tr style="height: 1pt;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 50.9403%;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Other payables</font></p>











</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 5.96893%;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">&#8208;</font></p>











</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 9.97547%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">19,265</font></p>











</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 0.981194%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>











</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 9.97547%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">15,532</font></p>











</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 0.981194%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>











</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 9.97547%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">278,871</font></p>











</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 0.981194%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>











</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 9.97547%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">263,508</font></p>











</td>









</tr>
<tr style="height: 1pt; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 50.9403%; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Total non-current liabilities</font></p>











</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 5.96893%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">&nbsp;</font></p>











</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 9.97547%; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">359,015</font></p>











</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 0.981194%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>











</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 9.97547%; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">357,878</font></p>











</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 0.981194%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>











</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 9.97547%; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">12,356,314</font></p>











</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 0.981194%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>











</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 9.97547%; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">12,992,490</font></p>











</td>









</tr>
<tr style="height: 1pt;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 50.9403%;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>











</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 5.96893%;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>











</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 9.97547%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>











</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 0.981194%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>











</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 9.97547%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>











</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 0.981194%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>











</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 9.97547%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>











</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 0.981194%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>











</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 9.97547%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>











</td>









</tr>
<tr style="height: 1pt; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 50.9403%; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">Equity</font></p>











</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 5.96893%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>











</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 9.97547%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>











</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 0.981194%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>











</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 9.97547%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>











</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 0.981194%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>











</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 9.97547%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>











</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 0.981194%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>











</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 9.97547%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>











</td>









</tr>
<tr style="height: 1pt;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 50.9403%;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Share capital</font></p>











</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 5.96893%;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">20.a</font></p>











</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 9.97547%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">6,621,752</font></p>











</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 0.981194%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>











</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 9.97547%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">6,621,752</font></p>











</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 0.981194%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>











</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 9.97547%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">6,621,752</font></p>











</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 0.981194%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>











</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 9.97547%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">6,621,752</font></p>











</td>









</tr>
<tr style="height: 1pt; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 50.9403%; background-color: #cceeff;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Equity instrument granted</font></p>











</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 5.96893%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">20.b</font></p>











</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 9.97547%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">85,862</font></p>











</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 0.981194%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>











</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 9.97547%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">75,925</font></p>











</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 0.981194%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>











</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 9.97547%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">85,862</font></p>











</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 0.981194%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>











</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 9.97547%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">75,925</font></p>











</td>









</tr>
<tr style="height: 1pt;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 50.9403%;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Capital reserve</font></p>











</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 5.96893%;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">20.d</font></p>











</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 9.97547%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">603,463</font></p>











</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 0.981194%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>











</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 9.97547%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">597,828</font></p>











</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 0.981194%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>











</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 9.97547%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">603,463</font></p>











</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 0.981194%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>











</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 9.97547%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">597,828</font></p>











</td>









</tr>
<tr style="height: 1pt; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 50.9403%; background-color: #cceeff;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Treasury shares</font></p>











</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 5.96893%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">20.c</font></p>











</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 9.97547%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(470,030)</font></p>











</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 0.981194%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>











</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 9.97547%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(470,510)</font></p>











</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 0.981194%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>











</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 9.97547%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(470,030)</font></p>











</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 0.981194%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>











</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 9.97547%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(470,510)</font></p>











</td>









</tr>
<tr style="height: 1pt;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 50.9403%;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Revaluation reserve of subsidiaries</font></p>











</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 5.96893%;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">20.d</font></p>











</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 9.97547%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">3,758</font></p>











</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 0.981194%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>











</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 9.97547%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">3,802</font></p>











</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 0.981194%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>











</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 9.97547%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">3,758</font></p>











</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 0.981194%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>











</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 9.97547%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">3,802</font></p>











</td>









</tr>
<tr style="height: 1pt; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 50.9403%; background-color: #cceeff;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Profit reserves</font></p>











</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 5.96893%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">20.e</font></p>











</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 9.97547%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">6,389,559</font></p>











</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 0.981194%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>











</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 9.97547%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">6,389,559</font></p>











</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 0.981194%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>











</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 9.97547%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">6,389,559</font></p>











</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 0.981194%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>











</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 9.97547%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">6,389,559</font></p>











</td>









</tr>
<tr style="height: 1pt;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 50.9403%;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Retained earnings</font></p>











</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 5.96893%;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">-</font></p>











</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 9.97547%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">431,528</font></p>











</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 0.981194%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>











</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 9.97547%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#8208;</font></p>











</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 0.981194%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>











</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 9.97547%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">431,528</font></p>











</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 0.981194%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>











</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 9.97547%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#8208;</font></p>











</td>









</tr>
<tr style="height: 1pt; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 50.9403%; background-color: #cceeff;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Accumulated other comprehensive income</font></p>











</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 5.96893%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">20.f</font></p>











</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 9.97547%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">162,332</font></p>











</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 0.981194%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>











</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 9.97547%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">154,108</font></p>











</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 0.981194%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>











</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 9.97547%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">162,332</font></p>











</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 0.981194%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>











</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 9.97547%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">154,108</font></p>











</td>









</tr>
<tr style="height: 1pt;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 50.9403%;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Additional dividends to the minimum mandatory dividends</font></p>











</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 5.96893%;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">&#8208;</font></p>











</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 9.97547%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#8208;</font></p>











</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 0.981194%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>











</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 9.97547%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">134,031</font></p>











</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 0.981194%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>











</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 9.97547%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#8208;</font></p>











</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 0.981194%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>











</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 9.97547%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">134,031</font></p>











</td>









</tr>
<tr style="height: 1pt; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 50.9403%; background-color: #cceeff;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Equity attributable to:</font></p>











</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 5.96893%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">&#8208;</font></p>











</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 9.97547%; background-color: #cceeff; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>











</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 0.981194%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>











</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 9.97547%; background-color: #cceeff; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>











</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 0.981194%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>











</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 9.97547%; background-color: #cceeff; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>











</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 0.981194%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>











</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 9.97547%; background-color: #cceeff; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>











</td>









</tr>
<tr style="height: 1pt;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 50.9403%;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Shareholders of Ultrapar</font></p>











</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 5.96893%;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">&#8208;</font></p>











</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 9.97547%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">13,828,224</font></p>











</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 0.981194%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>











</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 9.97547%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">13,506,495</font></p>











</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 0.981194%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>











</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 9.97547%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">13,828,224</font></p>











</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 0.981194%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>











</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 9.97547%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">13,506,495</font></p>











</td>









</tr>
<tr style="height: 1pt; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 50.9403%; background-color: #cceeff;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Non-controlling interests in subsidiaries</font></p>











</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 5.96893%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">&#8208;</font></p>











</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 9.97547%; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#8208;</font></p>











</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 0.981194%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>











</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 9.97547%; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#8208;</font></p>











</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 0.981194%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>











</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 9.97547%; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">547,560</font></p>











</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 0.981194%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>











</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 9.97547%; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">523,331</font></p>











</td>









</tr>
<tr style="height: 1pt;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 50.9403%;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Total equity</font></p>











</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 5.96893%;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">&#8208;</font></p>











</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 9.97547%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">13,828,224</font></p>











</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 0.981194%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>











</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 9.97547%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">13,506,495</font></p>











</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 0.981194%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>











</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 9.97547%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">14,375,784</font></p>











</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 0.981194%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>











</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 9.97547%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">14,029,826</font></p>











</td>









</tr>
<tr style="height: 1pt; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 50.9403%; background-color: #cceeff;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Total liabilities and equity</font></p>











</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 5.96893%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">&#8208;</font></p>











</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 9.97547%; background-color: #cceeff; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">14,276,855</font></p>











</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 0.981194%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>











</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 9.97547%; background-color: #cceeff; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">14,266,724</font></p>











</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 0.981194%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>











</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 9.97547%; background-color: #cceeff; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">36,613,453</font></p>











</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 0.981194%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>











</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 9.97547%; background-color: #cceeff; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">38,251,974</font></p>







</td>







</tr>















</table>






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

<tr>
<td class="pgno" style="padding: 5px 0px 0px; text-align: center;"><font style="font-size: 10pt;" class="pageno"><font class='pageno'>9</font></font></td>







</tr>















</table>
<hr class="horizontalLineRemoved" style="border-bottom-color: #000000; border-top-color: #000000; color: #000000; background-color: #000000;"></hr>
<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div>







</div>










</div>








</div><div style="font-family: 'times new roman', times; font-size: 10pt;">
<div style="width: 8.5in; margin: 0 auto;">
<table style="width: 100%; height: 61px; border-collapse: collapse; font-family: 'times new roman'; font-size: 10pt;">

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<td style="height: 10px; vertical-align: bottom; width: 75%;" valign="bottom"><font style="color: #000000; font-family: 'times new roman', times; font-size: 12pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: bold; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; 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; line-height: inherit; display: inline !important;">Ultrapar Participa&#231;&#245;es S.A. and Subsidiaries</font></td>
<td style="height: 10px; width: 25%;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><img src="imgc0dec36d433f45a2aa5c.jpg" style="float: right;" alt="Graphics"></font></td>











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<td style="height: 17px;"><a style="text-decoration: none; color: #000000; cursor: default; outline: none;" href="#TOC" name="BIS_342024144847515" class="customBookmark"><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; float: none; display: inline !important;">Statements of income</font></a></td>
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<td style="height: 17px;"><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;">For the periods ended March 31, 2024 and 2023</font></td>
<td style="height: 17px;"><br></td>











</tr>
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<td style="height: 17px; border-bottom-width: 1.5pt; border-bottom-style: solid; border-bottom-color: #000080 !important;"><font style="color: #000000; font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-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;">(In thousands of Brazilian Reais, except earnings per thousand shares)</font></td>
<td style="height: 17px; border-bottom-width: 1.5pt; border-bottom-style: solid; border-bottom-color: #000080 !important;"></td>











</tr>























</table>
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-indent: 7.1pt; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;&nbsp;</font></p>
<table cellspacing="0" cellpadding="0" style="height: 598px; border-collapse: collapse; margin-left: 0px; font-family: 'times new roman'; font-size: 10pt; width: 100%;" width="100%">

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<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 46.3235%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>









</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 7.84314%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">&#8206;</font></p>









</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 1.47059%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">&nbsp;</font></p>









</td>
<td colspan="3" style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; width: 21.3235%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">Parent</font></p>









</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 1.47059%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">&nbsp;</font></p>









</td>
<td colspan="3" style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; width: 21.3235%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">Consolidated</font></p>









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<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 46.3235%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>









</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 7.84314%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">Note</font></p>









</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 1.47059%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">&nbsp;</font></p>









</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; width: 9.92647%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">&nbsp;<font style="color: #000000; 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;">03/31/2024</font></font></p>









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<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; width: 1.47059%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">&nbsp;</font></p>









</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; width: 9.92647%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;"><font style="color: #000000; 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;">03/31/2023</font>&nbsp;</font></p>









</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; width: 1.47059%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt;">&nbsp;</font></p>









</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; width: 9.92647%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;"><font style="color: #000000; 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;">03/31/2024</font>&nbsp;</font></p>









</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; width: 1.47059%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">&nbsp;</font></p>









</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; width: 9.92647%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;"><font style="color: #000000; 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;">03/31/2023</font>&nbsp;</font></p>









</td>







</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 46.3235%; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">Net revenue from sales and services</font></p>









</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 7.84314%; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;">21</font></p>









</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 1.47059%; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>









</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 9.92647%; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#8208;</font></p>









</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 1.47059%; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>









</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 9.92647%; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#8208;</font></p>









</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 1.47059%; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>









</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 9.92647%; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">30,395,902</font></p>









</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 1.47059%; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>









</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 9.92647%; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">30,551,753</font></p>









</td>







</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 46.3235%;">
<p style="margin: 0pt 0pt 0pt 10pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.4pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Cost of products and services sold</font></p>









</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 7.84314%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;">22</font></p>









</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 1.47059%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>









</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; width: 9.92647%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#8208;</font></p>









</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 1.47059%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>









</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; width: 9.92647%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#8208;</font></p>









</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 1.47059%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>









</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; width: 9.92647%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(28,334,690)</font></p>









</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 1.47059%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>









</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; width: 9.92647%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(28,839,034)</font></p>









</td>







</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff; width: 46.3235%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>









</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff; width: 7.84314%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>









</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff; width: 1.47059%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>









</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; width: 9.92647%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>









</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff; width: 1.47059%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>









</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; width: 9.92647%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>









</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff; width: 1.47059%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>









</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; width: 9.92647%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>









</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff; width: 1.47059%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>









</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; width: 9.92647%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>









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<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 46.3235%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">Gross profit</font></p>









</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 7.84314%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>









</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 1.47059%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>









</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 9.92647%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#8208;</font></p>









</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 1.47059%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>









</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 9.92647%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#8208;</font></p>









</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 1.47059%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>









</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 9.92647%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">2,061,212</font></p>









</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 1.47059%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>









</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 9.92647%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">1,712,719</font></p>









</td>







</tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px; background-color: #cceeff; width: 46.3235%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>









</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px; background-color: #cceeff; width: 7.84314%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>









</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px; background-color: #cceeff; width: 1.47059%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>









</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px; background-color: #cceeff; width: 9.92647%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>









</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px; background-color: #cceeff; width: 1.47059%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>









</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px; background-color: #cceeff; width: 9.92647%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>









</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px; background-color: #cceeff; width: 1.47059%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>









</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px; background-color: #cceeff; width: 9.92647%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>









</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px; background-color: #cceeff; width: 1.47059%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>









</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px; background-color: #cceeff; width: 9.92647%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>









</td>







</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 46.3235%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">Operating income (expenses)</font></p>









</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 7.84314%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>









</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 1.47059%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>









</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 9.92647%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>









</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 1.47059%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>









</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 9.92647%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>









</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 1.47059%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>









</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 9.92647%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>









</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 1.47059%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>









</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 9.92647%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>









</td>







</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff; width: 46.3235%;">
<p style="margin: 0pt 0pt 0pt 10pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.4pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Selling and marketing</font></p>









</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff; width: 7.84314%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;">22</font></p>









</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff; width: 1.47059%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>









</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff; width: 9.92647%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#8208;</font></p>









</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff; width: 1.47059%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>









</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff; width: 9.92647%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#8208;</font></p>









</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff; width: 1.47059%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>









</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff; width: 9.92647%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(569,000)</font></p>









</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff; width: 1.47059%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>









</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff; width: 9.92647%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(510,968)</font></p>









</td>







</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 46.3235%;">
<p style="margin: 0pt 0pt 0pt 10pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.4pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">General and administrative</font></p>









</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 7.84314%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;">22</font></p>









</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 1.47059%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>









</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 9.92647%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(12,588)</font></p>









</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 1.47059%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>









</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 9.92647%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(6,087)</font></p>









</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 1.47059%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>









</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 9.92647%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(440,800)</font></p>









</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 1.47059%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>









</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 9.92647%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(453,927)</font></p>









</td>







</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff; width: 46.3235%;">
<p style="margin: 0pt 0pt 0pt 10pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.4pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Results from disposal of property, plant and equipment and intangible assets</font></p>









</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff; width: 7.84314%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>









</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff; width: 1.47059%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>









</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; background-color: #cceeff; vertical-align: bottom; width: 9.92647%;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">41</font></p>









</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; background-color: #cceeff; vertical-align: bottom; width: 1.47059%;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>









</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; background-color: #cceeff; vertical-align: bottom; width: 9.92647%;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#8208;</font></p>









</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; background-color: #cceeff; vertical-align: bottom; width: 1.47059%;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>









</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; background-color: #cceeff; vertical-align: bottom; width: 9.92647%;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">36,808</font></p>









</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; background-color: #cceeff; vertical-align: bottom; width: 1.47059%;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>









</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; background-color: #cceeff; vertical-align: bottom; width: 9.92647%;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">52,777</font></p>









</td>







</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 46.3235%;">
<p style="margin: 0pt 0pt 0pt 10pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.4pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Other operating income (expenses), net</font></p>









</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 7.84314%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;">22</font></p>









</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 1.47059%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>









</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; width: 9.92647%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">35,218</font></p>









</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 1.47059%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>









</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; width: 9.92647%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(172)</font></p>









</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 1.47059%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>









</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; width: 9.92647%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(137,787)</font></p>









</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 1.47059%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>









</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; width: 9.92647%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(133,210)</font></p>









</td>







</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff; width: 46.3235%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>









</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff; width: 7.84314%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>









</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff; width: 1.47059%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>









</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff; width: 9.92647%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>









</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff; width: 1.47059%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>









</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff; width: 9.92647%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>









</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff; width: 1.47059%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>









</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff; width: 9.92647%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>









</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff; width: 1.47059%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>









</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff; width: 9.92647%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>









</td>







</tr>
<tr style="height: 34px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 34px; width: 46.3235%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">Operating income (loss) before financial result and share of profit (loss) of subsidiaries, joint ventures and associates and income and social contribution taxes</font></p>









</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 34px; width: 7.84314%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>









</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 34px; width: 1.47059%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>









</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 34px; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; width: 9.92647%;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">22,671</font></p>









</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 34px; vertical-align: bottom; width: 1.47059%;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>









</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 34px; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; width: 9.92647%;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(6,259)</font></p>









</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 34px; vertical-align: bottom; width: 1.47059%;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>









</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 34px; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; width: 9.92647%;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">950,433</font></p>









</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 34px; vertical-align: bottom; width: 1.47059%;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>









</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 34px; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; width: 9.92647%;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">667,391</font></p>









</td>







</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff; width: 46.3235%;">
<p style="margin: 0pt 0pt 0pt 10pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.4pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Share of profit (loss) of subsidiaries, joint ventures and associates</font></p>









</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff; width: 7.84314%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;">11</font></p>









</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff; width: 1.47059%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>









</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff; 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; width: 9.92647%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">415,378</font></p>









</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff; width: 1.47059%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>









</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff; 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; width: 9.92647%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">287,229</font></p>









</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff; width: 1.47059%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>









</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff; 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; width: 9.92647%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(3,084)</font></p>









</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff; width: 1.47059%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>









</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff; 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; width: 9.92647%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">10,448</font></p>









</td>







</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 46.3235%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">Income before financial result and income and social contribution taxes</font></p>









</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 7.84314%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>









</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 1.47059%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>









</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; width: 9.92647%;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">438,049</font></p>









</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom; width: 1.47059%;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>









</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; width: 9.92647%;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">280,970</font></p>









</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom; width: 1.47059%;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>









</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; width: 9.92647%;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">947,349</font></p>









</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom; width: 1.47059%;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>









</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; width: 9.92647%;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">677,839</font></p>









</td>







</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff; width: 46.3235%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>









</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff; width: 7.84314%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>









</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff; width: 1.47059%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>









</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff; width: 9.92647%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>









</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff; width: 1.47059%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>









</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff; width: 9.92647%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>









</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff; width: 1.47059%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>









</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff; width: 9.92647%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>









</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff; width: 1.47059%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>









</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff; width: 9.92647%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>









</td>







</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 46.3235%;">
<p style="margin: 0pt 0pt 0pt 10pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.4pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Financial income</font></p>









</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 7.84314%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;">23</font></p>









</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 1.47059%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>









</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 9.92647%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">19,746</font></p>









</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 1.47059%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>









</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 9.92647%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">35,092</font></p>









</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 1.47059%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>









</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 9.92647%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">160,195</font></p>









</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 1.47059%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>









</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 9.92647%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">190,447</font></p>









</td>







</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff; width: 46.3235%;">
<p style="margin: 0pt 0pt 0pt 10pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.4pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Financial expenses</font></p>









</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff; width: 7.84314%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;">23</font></p>









</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff; width: 1.47059%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>









</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff; width: 9.92647%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(18,642)</font></p>









</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff; width: 1.47059%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>









</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff; width: 9.92647%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(51,711)</font></p>









</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff; width: 1.47059%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>









</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff; width: 9.92647%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(442,964)</font></p>









</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff; width: 1.47059%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>









</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff; width: 9.92647%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(502,041)</font></p>









</td>







</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 46.3235%;">
<p style="margin: 0pt 0pt 0pt 10pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.4pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Financial result, net</font></p>









</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 7.84314%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;">23</font></p>









</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 1.47059%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>









</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; 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; width: 9.92647%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">1,104</font></p>









</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 1.47059%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>









</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; 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; width: 9.92647%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(16,619)</font></p>









</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 1.47059%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>









</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; 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; width: 9.92647%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(282,769)</font></p>









</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 1.47059%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>









</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; 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; width: 9.92647%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(311,594)</font></p>









</td>







</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff; width: 46.3235%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">Income before income and social contribution taxes</font></p>









</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff; width: 7.84314%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>









</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff; width: 1.47059%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>









</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; width: 9.92647%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">439,153</font></p>









</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff; width: 1.47059%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>









</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; width: 9.92647%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">264,351</font></p>









</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff; width: 1.47059%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>









</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; width: 9.92647%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">664,580</font></p>









</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff; width: 1.47059%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>









</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; width: 9.92647%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">366,245</font></p>









</td>







</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 46.3235%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>









</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 7.84314%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>









</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 1.47059%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>









</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 9.92647%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>









</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 1.47059%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>









</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 9.92647%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>









</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 1.47059%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>









</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 9.92647%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>









</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 1.47059%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>









</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 9.92647%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>









</td>







</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff; width: 46.3235%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">Income and social contribution taxes</font></p>









</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff; width: 7.84314%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>









</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff; width: 1.47059%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>









</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff; width: 9.92647%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>









</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff; width: 1.47059%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>









</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff; width: 9.92647%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>









</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff; width: 1.47059%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>









</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff; width: 9.92647%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>









</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff; width: 1.47059%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>









</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff; width: 9.92647%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>









</td>







</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 46.3235%;">
<p style="margin: 0pt 0pt 0pt 10pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.4pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Current</font></p>









</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 7.84314%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;">9.b; 9.c</font></p>









</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 1.47059%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>









</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 9.92647%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(10,592)</font></p>









</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 1.47059%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>









</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 9.92647%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(9,796)</font></p>









</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 1.47059%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>









</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 9.92647%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(87,864)</font></p>









</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 1.47059%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>









</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 9.92647%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(139,676)</font></p>









</td>







</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff; width: 46.3235%;">
<p style="margin: 0pt 0pt 0pt 10pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.4pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Deferred</font></p>









</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff; width: 7.84314%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;">9.b</font></p>









</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff; width: 1.47059%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>









</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; width: 9.92647%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">2,913</font></p>









</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff; width: 1.47059%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>









</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; width: 9.92647%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">7,510</font></p>









</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff; width: 1.47059%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>









</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; width: 9.92647%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(121,270)</font></p>









</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff; width: 1.47059%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>









</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; width: 9.92647%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">47,256</font></p>









</td>







</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 46.3235%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>









</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 7.84314%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>









</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 1.47059%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>









</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; width: 9.92647%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(7,679)</font></p>









</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 1.47059%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>









</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; width: 9.92647%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(2,286)</font></p>









</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 1.47059%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>









</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; width: 9.92647%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(209,134)</font></p>









</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 1.47059%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>









</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; width: 9.92647%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(92,420)</font></p>









</td>







</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff; width: 46.3235%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>









</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff; width: 7.84314%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>









</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff; width: 1.47059%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>









</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff; width: 9.92647%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>









</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff; width: 1.47059%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>









</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff; width: 9.92647%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>









</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff; width: 1.47059%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>









</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff; width: 9.92647%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>









</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff; width: 1.47059%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>









</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff; width: 9.92647%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>









</td>







</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 46.3235%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">Net income for the period</font></p>









</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 7.84314%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>









</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 1.47059%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>









</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important; width: 9.92647%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">431,474</font></p>









</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 1.47059%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>









</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important; width: 9.92647%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">262,065</font></p>









</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 1.47059%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>









</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important; width: 9.92647%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">455,446</font></p>









</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 1.47059%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>









</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important; width: 9.92647%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">273,825</font></p>









</td>







</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff; width: 46.3235%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">Income attributable to:</font></p>









</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff; width: 7.84314%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>









</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff; width: 1.47059%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>









</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff; width: 9.92647%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>









</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff; width: 1.47059%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>









</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff; width: 9.92647%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>









</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff; width: 1.47059%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>









</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff; width: 9.92647%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>









</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff; width: 1.47059%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>









</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff; width: 9.92647%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>









</td>







</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 46.3235%;">
<p style="margin: 0pt 0pt 0pt 10pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.4pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Shareholders of Ultrapar</font></p>









</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 7.84314%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>









</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 1.47059%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>









</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 9.92647%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">431,474</font></p>









</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 1.47059%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>









</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 9.92647%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">262,065</font></p>









</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 1.47059%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>









</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 9.92647%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">431,474</font></p>









</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 1.47059%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>









</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 9.92647%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">262,065</font></p>









</td>







</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff; width: 46.3235%;">
<p style="margin: 0pt 0pt 0pt 10pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.4pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Non-controlling interests in subsidiaries</font></p>









</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff; width: 7.84314%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;">11</font></p>









</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff; width: 1.47059%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>









</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff; width: 9.92647%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#8208;</font></p>









</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff; width: 1.47059%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>









</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff; width: 9.92647%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#8208;</font></p>









</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff; width: 1.47059%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>









</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff; width: 9.92647%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">23,972</font></p>









</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff; width: 1.47059%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>









</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff; width: 9.92647%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">11,760</font></p>









</td>







</tr>
<tr style="height: 10px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px; width: 46.3235%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>









</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px; width: 7.84314%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>









</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px; width: 1.47059%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>









</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px; width: 9.92647%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>









</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px; width: 1.47059%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>









</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px; width: 9.92647%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>









</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px; width: 1.47059%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>









</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px; width: 9.92647%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>









</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px; width: 1.47059%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>









</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px; width: 9.92647%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>









</td>







</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff; width: 46.3235%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">Total earnings per share (based on the weighted average number of shares outstanding) &#8211; R$</font></p>









</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff; width: 7.84314%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>









</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff; width: 1.47059%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>









</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff; width: 9.92647%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>









</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff; width: 1.47059%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>









</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff; width: 9.92647%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>









</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff; width: 1.47059%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>









</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff; width: 9.92647%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>









</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff; width: 1.47059%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>









</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff; width: 9.92647%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>









</td>







</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 46.3235%;">
<p style="margin: 0pt 0pt 0pt 10pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.4pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Basic</font></p>









</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 7.84314%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;">24</font></p>









</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 1.47059%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>









</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 9.92647%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">0.3926</font></p>









</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 1.47059%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>









</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 9.92647%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">0.2393</font></p>









</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 1.47059%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>









</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 9.92647%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">0.3926</font></p>









</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 1.47059%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>









</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 9.92647%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">0.2393</font></p>









</td>







</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff; width: 46.3235%;">
<p style="margin: 0pt 0pt 0pt 10pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.4pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Diluted</font></p>









</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff; width: 7.84314%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;">24</font></p>









</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff; width: 1.47059%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>









</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff; width: 9.92647%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">0.3881</font></p>









</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff; width: 1.47059%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>









</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff; width: 9.92647%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">0.2372</font></p>









</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff; width: 1.47059%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>









</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff; width: 9.92647%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">0.3881</font></p>









</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff; width: 1.47059%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>









</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff; width: 9.92647%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">0.2372</font></p>









</td>







</tr>

















</table>
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; widows: 0;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt;">The accompanying notes are an integral part of the interim financial information.</font></p>
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>





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

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





</tr>











</table>
<hr class="horizontalLineRemoved" style="border-bottom-color: #000000; border-top-color: #000000; color: #000000; background-color: #000000;"></hr>
<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div>





</div>







</div><div style="font-size: 10pt;">
<div style="width: 8.5in; margin: 0 auto;">
<table style="font-family: 'times new roman'; width: 100%; height: 61px; border-collapse: collapse; font-size: 10pt;">

<tr style="height: 10px;">
<td style="height: 10px; vertical-align: bottom; width: 75%;" valign="bottom"><font style="color: #000000; font-family: 'times new roman', times; font-size: 12pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: bold; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; 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; line-height: inherit; display: inline !important;">Ultrapar Participa&#231;&#245;es S.A. and Subsidiaries</font></td>
<td style="height: 10px; width: 25%;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><img src="imgc0dec36d433f45a2aa5c.jpg" style="float: right;" alt="Graphics"></font></td>










</tr>
<tr style="height: 17px;">
<td style="height: 17px;"><a style="text-decoration: none; color: #000000; cursor: default; outline: none; pointer-events: none;" href="#TOC" name="BCI_342024144920486" class="customBookmark"><font style="font-size: 10pt; font-family: 'times new roman', times;"><font style="color: #000000; 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; float: none; display: inline !important;"><font style="color: #000000; 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; float: none; display: inline !important;">Statements of comprehensive income</font></font></font></a></td>
<td style="height: 17px;"><br></td>










</tr>
<tr style="height: 17px;">
<td style="height: 17px;"><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;">For the periods ended March 31, 2024 and 2023</font></td>
<td style="height: 17px;"><br></td>










</tr>
<tr style="height: 17px;">
<td style="height: 17px; border-bottom-width: 1.5pt; border-bottom-style: solid; border-bottom-color: #000080 !important;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="color: #000000; font-style: italic; font-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;">(In thousands of Brazilian&nbsp;</font>Reais<font style="color: #000000; font-style: italic; font-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;">)</font></font></td>
<td style="height: 17px; border-bottom-width: 1.5pt; border-bottom-style: solid; border-bottom-color: #000080 !important;"></td>










</tr>





















</table>
<p style="margin: 0pt; break-after: avoid; break-inside: avoid;"><i>&nbsp;</i></p>
<table cellspacing="0" cellpadding="0" style="font-family: 'times new roman'; border-collapse: collapse; margin-left: 0pt; font-size: 10pt; height: 197px; width: 100%;" width="100%">

<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: top; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>








</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: top; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt;">&nbsp;</font></p>








</td>
<td colspan="3" style="padding-left: 3pt; padding-right: 3pt; vertical-align: top; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">Parent</font></p>








</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: top; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">&nbsp;</font></p>








</td>
<td colspan="3" style="padding-left: 3pt; padding-right: 3pt; vertical-align: top; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">Consolidated</font></p>








</td>





</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: top; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>








</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">Note</font></p>








</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">03/31/2024</font></p>








</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">&nbsp;</font></p>








</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">03/31/2023</font></p>








</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 8pt;">&nbsp;</font></p>








</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">03/31/2024</font></p>








</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">&nbsp;</font></p>








</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">03/31/2023</font></p>








</td>





</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 49%; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Net income for the period, attributable to shareholders of Ultrapar</font></p>








</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 8%; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>








</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 10%; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">431,474</font></p>








</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 1%; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>








</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 10%; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">262,065</font></p>








</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 1%; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>








</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 10%; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">431,474</font></p>








</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 1%; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>








</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 10%; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">262,065</font></p>








</td>





</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Net income for the period, attributable to non-controlling interests in subsidiaries</font></p>








</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>








</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#8208;</font></p>








</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>








</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#8208;</font></p>








</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>








</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">23,972</font></p>








</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>








</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">11,760</font></p>








</td>





</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Net income for the period</font></p>








</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>








</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">431,474</font></p>








</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>








</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">262,065</font></p>








</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>








</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">455,446</font></p>








</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>








</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">273,825</font></p>








</td>





</tr>
<tr style="height: 10px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>








</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>








</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>








</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>








</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>








</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>








</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>








</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>








</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>








</td>





</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Items that will be subsequently reclassified to profit or loss:</font></p>








</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>








</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>








</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>








</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>








</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>








</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>








</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>








</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>








</td>





</tr>
<tr style="height: 34px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 34px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Fair value adjustments of financial instruments of subsidiaries, joint ventures and associates, net of income and social contribution taxes</font></p>








</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 34px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;">20.f.1</font></p>








</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 34px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">8,224</font></p>








</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 34px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>








</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 34px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(6,525)</font></p>








</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 34px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>








</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 34px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">8,224</font></p>








</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 34px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>








</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 34px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(6,525)</font></p>








</td>





</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Total comprehensive income for the period</font></p>








</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>








</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 2.5pt; border-bottom-style: double; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">439,698</font></p>








</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>








</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 2.5pt; border-bottom-style: double; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">255,540</font></p>








</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>








</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 2.5pt; border-bottom-style: double; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">463,670</font></p>








</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>








</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 2.5pt; border-bottom-style: double; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">267,300</font></p>








</td>





</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Total comprehensive income for the period attributable to shareholders of Ultrapar</font></p>








</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>








</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">439,698</font></p>








</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>








</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">255,540</font></p>








</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>








</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">439,698</font></p>








</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>








</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">255,540</font></p>








</td>





</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Total comprehensive income for the period attributable to non-controlling interests in subsidiaries</font></p>








</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>








</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#8208;</font></p>








</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>








</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#8208;</font></p>








</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>








</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">23,972</font></p>








</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>








</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">11,760</font></p>








</td>





</tr>














</table>
<p style="font-family: 'times new roman', times; margin: 0pt; break-after: avoid; break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="font-family: 'times new roman', times; margin: 0pt; break-after: avoid; break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt;">The accompanying notes are an integral part of the interim financial information.</font></p>




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

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




</tr>









</table>
<hr class="horizontalLineRemoved" style="border-bottom-color: #000000; border-top-color: #000000; color: #000000; background-color: #000000;"></hr>
<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div>




</div>





</div><div style="font-family: 'times new roman', times; font-size: 10pt;">
<div>
<div style="width: 8.5in; margin: 0 auto;">
<table style="width: 100%; height: 61px; border-collapse: collapse; font-family: 'times new roman'; font-size: 10pt;">

<tr style="height: 10px;">
<td style="height: 10px; vertical-align: bottom; width: 75%;" valign="bottom"><font style="color: #000000; font-family: 'times new roman', times; font-size: 12pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: bold; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; 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; line-height: inherit; display: inline !important;">Ultrapar Participa&#231;&#245;es S.A. and Subsidiaries</font></td>
<td style="height: 10px; width: 25%;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><img src="imgc0dec36d433f45a2aa5c.jpg" style="float: right;" alt="Graphics"></font></td>












</tr>
<tr style="height: 17px;">
<td style="height: 17px;"><a style="text-decoration: none; color: #000000; cursor: default; outline: none;" href="#TOC" name="BSHE_342024145226707" class="customBookmark"><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; float: none; display: inline !important;">Statements of changes in equity</font></a></td>
<td style="height: 17px;"><br></td>












</tr>
<tr style="height: 17px;">
<td style="height: 17px;"><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;">For the periods ended March 31, 2024 and 2023</font></td>
<td style="height: 17px;"><br></td>












</tr>
<tr style="height: 17px;">
<td style="height: 17px; border-bottom-width: 1.5pt; border-bottom-style: solid; border-bottom-color: #000080 !important;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="color: #000000; font-style: italic; font-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;">(In thousands of Brazilian&nbsp;</font>Reais<font style="color: #000000; font-style: italic; font-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;">, except dividends per share)</font></font></td>
<td style="height: 17px; border-bottom-width: 1.5pt; border-bottom-style: solid; border-bottom-color: #000080 !important;"></td>












</tr>

























</table>
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 7pt; font-style: italic;">&nbsp;</font></p>
<table cellspacing="0" cellpadding="0" style="border-collapse: collapse; margin: 0px; font-family: 'times new roman'; font-size: 10pt; height: 251px; width: 100%; text-indent: 0px;" width="100%">

<tr style="height: 17px;">
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 17px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"> <br></p>










</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 17px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt;">&nbsp;</font></p>










</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 17px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt; font-weight: bold;">&nbsp;</font></p>










</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 17px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt; font-weight: bold;">&nbsp;</font></p>










</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 17px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt; font-weight: bold;">&nbsp;</font></p>










</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 17px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt; font-weight: bold;">&nbsp;</font></p>










</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 17px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt; font-weight: bold;">&nbsp;</font></p>










</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 17px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt; font-weight: bold;">&nbsp;</font></p>










</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 17px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt; font-weight: bold;">&nbsp;</font></p>










</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 17px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt; font-weight: bold;">&nbsp;</font></p>










</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 17px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt; font-weight: bold;">&nbsp;</font></p>










</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 17px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt; font-weight: bold;">&nbsp;</font></p>










</td>
<td colspan="3" style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 17px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt; font-weight: bold;">Profit reserves</font></p>










</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 17px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt; font-weight: bold;">&nbsp;</font></p>










</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 17px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt; font-weight: bold;">&nbsp;</font></p>










</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 17px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt; font-weight: bold;">&nbsp;</font></p>










</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 17px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt; font-weight: bold;">&nbsp;</font></p>










</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 17px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt; font-weight: bold;">&nbsp;</font></p>










</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 17px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt; font-weight: bold;">&nbsp;</font></p>










</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 17px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt; font-weight: bold;">&nbsp;</font></p>










</td>
<td colspan="3" style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 17px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt; font-weight: bold;">Equity attributable to:</font></p>










</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt;">&nbsp;</font></p>










</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt;">&nbsp;</font></p>










</td>







</tr>
<tr style="height: 69px;">
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 69px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt;">&nbsp;</font></p>










</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 69px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt; font-weight: bold;">Note</font></p>










</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 69px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt; font-weight: bold;">Share capital</font></p>










</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 69px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt; font-weight: bold;">&nbsp;</font></p>










</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 69px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt; font-weight: bold;">Equity instrument granted</font></p>










</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 69px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt; font-weight: bold;">&nbsp;</font></p>










</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 69px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt; font-weight: bold;">Capital reserve</font></p>










</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 69px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt; font-weight: bold;">&nbsp;</font></p>










</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 69px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt; font-weight: bold;">Treasury shares</font></p>










</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 69px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt; font-weight: bold;">&nbsp;</font></p>










</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 69px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt; font-weight: bold;">Revaluation reserve of subsidiaries</font></p>










</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 69px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt; font-weight: bold;">&nbsp;</font></p>










</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 69px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt; font-weight: bold;">Legal reserve</font></p>










</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 69px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt; font-weight: bold;">&nbsp;</font></p>










</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 69px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt; font-weight: bold;">Investments statutory reserve</font></p>










</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 69px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt; font-weight: bold;">&nbsp;</font></p>










</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 69px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt; font-weight: bold;">Accumulated other comprehensive income</font></p>










</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 69px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt; font-weight: bold;">&nbsp;</font></p>










</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 69px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt; font-weight: bold;">Retained earnings</font></p>










</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 69px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt; font-weight: bold;">&nbsp;</font></p>










</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 69px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt; font-weight: bold;">Additional dividends to the minimum mandatory dividends</font></p>










</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 69px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt; font-weight: bold;">&nbsp;</font></p>










</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 69px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt; font-weight: bold;">Shareholders of Ultrapar</font></p>










</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 69px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt; font-weight: bold;">&nbsp;</font></p>










</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 69px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt; font-weight: bold;">Non-controlling interests (i)</font></p>










</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 69px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt; font-weight: bold;">&nbsp;</font></p>










</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 69px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt; font-weight: bold;">Total equity</font></p>










</td>







</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding: 0px; vertical-align: middle; height: 17px; width: 24%; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="break-after: avoid; break-inside: avoid; text-indent: 0px; padding-left: 0px; padding-right: 0px; margin: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt; font-weight: bold;">Balance as of December 31, 2023</font></p>










</td>
<td style="height: 17px; width: 5%; background-color: #cceeff; vertical-align: bottom; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt; font-weight: bold;">&nbsp;</font></p>










</td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; width: 5%; background-color: #cceeff; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt; font-weight: bold;">6,621,752</font></p>










</td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; width: 0.5%; background-color: #cceeff; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt; font-weight: bold;">&nbsp;</font></p>










</td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; width: 5%; background-color: #cceeff; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt; font-weight: bold;">75,925</font></p>










</td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; width: 0.5%; background-color: #cceeff; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt; font-weight: bold;">&nbsp;</font></p>










</td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; width: 5%; background-color: #cceeff; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt; font-weight: bold;">597,828</font></p>










</td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; width: 0.5%; background-color: #cceeff; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt; font-weight: bold;">&nbsp;</font></p>










</td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; width: 5%; background-color: #cceeff; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt; font-weight: bold;">(470,510)</font></p>










</td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; width: 0.5%; background-color: #cceeff; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt; font-weight: bold;">&nbsp;</font></p>










</td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; width: 5%; background-color: #cceeff; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt; font-weight: bold;">3,802</font></p>










</td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; width: 0.5%; background-color: #cceeff; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt; font-weight: bold;">&nbsp;</font></p>










</td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; width: 5%; background-color: #cceeff; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt; font-weight: bold;">121,990</font></p>










</td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; width: 0.5%; background-color: #cceeff; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt; font-weight: bold;">&nbsp;</font></p>










</td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; width: 5%; background-color: #cceeff; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt; font-weight: bold;">6,267,569</font></p>










</td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; width: 0.5%; background-color: #cceeff; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt; font-weight: bold;">&nbsp;</font></p>










</td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; width: 5%; background-color: #cceeff; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt; font-weight: bold;">154,108</font></p>










</td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; width: 0.5%; background-color: #cceeff; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt; font-weight: bold;">&nbsp;</font></p>










</td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; width: 5%; background-color: #cceeff; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt; font-weight: bold;">&#8208;</font></p>










</td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; width: 0.5%; background-color: #cceeff; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt; font-weight: bold;">&nbsp;</font></p>










</td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; width: 5%; background-color: #cceeff; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt; font-weight: bold;">134,031</font></p>










</td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; width: 0.5%; background-color: #cceeff; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt; font-weight: bold;">&nbsp;</font></p>










</td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; width: 5%; background-color: #cceeff; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt; font-weight: bold;">13,506,495</font></p>










</td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; width: 0.5%; background-color: #cceeff; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt;">&nbsp;</font></p>










</td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; width: 5%; background-color: #cceeff; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt; font-weight: bold;">523,331</font></p>










</td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; width: 0.5%; background-color: #cceeff; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt;">&nbsp;</font></p>










</td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; width: 5%; background-color: #cceeff; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt; font-weight: bold;">14,029,826</font></p>










</td>







</tr>
<tr style="height: 17px;">
<td style="padding: 0px; vertical-align: middle; height: 17px; margin: 0px; text-indent: 0px;">
<p style="break-after: avoid; break-inside: avoid; text-indent: 0px; padding-left: 0px; padding-right: 0px; margin: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt;">Net income for the period</font></p>










</td>
<td style="height: 17px; vertical-align: bottom; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt;">&nbsp;</font></p>










</td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt;">&#8208;</font></p>










</td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt;">&nbsp;</font></p>










</td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt;">&#8208;</font></p>










</td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt;">&nbsp;</font></p>










</td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt;">&#8208;</font></p>










</td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt;">&nbsp;</font></p>










</td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt;">&#8208;</font></p>










</td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt;">&nbsp;</font></p>










</td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt;">&#8208;</font></p>










</td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt;">&nbsp;</font></p>










</td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt;">&#8208;</font></p>










</td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt;">&nbsp;</font></p>










</td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt;">&#8208;</font></p>










</td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt;">&nbsp;</font></p>










</td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt;">&#8208;</font></p>










</td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt;">&nbsp;</font></p>










</td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt;">431,474</font></p>










</td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt;">&nbsp;</font></p>










</td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt;">&#8208;</font></p>










</td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt;">&nbsp;</font></p>










</td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt;">431,474</font></p>










</td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt;">&nbsp;</font></p>










</td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt;">23,972</font></p>










</td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt;">&nbsp;</font></p>










</td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt;">455,446</font></p>










</td>







</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding: 0px; vertical-align: middle; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="break-after: avoid; break-inside: avoid; text-indent: 0px; padding-left: 0px; padding-right: 0px; margin: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt;">Other comprehensive income</font></p>










</td>
<td style="height: 17px; background-color: #cceeff; vertical-align: bottom; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt;">&nbsp;</font></p>










</td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; background-color: #cceeff; vertical-align: bottom; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt;">&#8208;</font></p>










</td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; background-color: #cceeff; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt;">&nbsp;</font></p>










</td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; background-color: #cceeff; vertical-align: bottom; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt;">&#8208;</font></p>










</td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; background-color: #cceeff; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt;">&nbsp;</font></p>










</td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; background-color: #cceeff; vertical-align: bottom; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt;">&#8208;</font></p>










</td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; background-color: #cceeff; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt;">&nbsp;</font></p>










</td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; background-color: #cceeff; vertical-align: bottom; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt;">&#8208;</font></p>










</td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; background-color: #cceeff; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt;">&nbsp;</font></p>










</td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; background-color: #cceeff; vertical-align: bottom; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt;">&#8208;</font></p>










</td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; background-color: #cceeff; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt;">&nbsp;</font></p>










</td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; background-color: #cceeff; vertical-align: bottom; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt;">&#8208;</font></p>










</td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; background-color: #cceeff; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt;">&nbsp;</font></p>










</td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; background-color: #cceeff; vertical-align: bottom; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt;">&#8208;</font></p>










</td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; background-color: #cceeff; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt;">&nbsp;</font></p>










</td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; background-color: #cceeff; vertical-align: bottom; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt;">8,224</font></p>










</td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; background-color: #cceeff; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt;">&nbsp;</font></p>










</td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; background-color: #cceeff; vertical-align: bottom; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt;">&#8208;</font></p>










</td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; background-color: #cceeff; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt;">&nbsp;</font></p>










</td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; background-color: #cceeff; vertical-align: bottom; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt;">&#8208;</font></p>










</td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; background-color: #cceeff; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt;">&nbsp;</font></p>










</td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; background-color: #cceeff; vertical-align: bottom; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt;">8,224</font></p>










</td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; background-color: #cceeff; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt;">&nbsp;</font></p>










</td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; background-color: #cceeff; vertical-align: bottom; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt;">&#8208;</font></p>










</td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; background-color: #cceeff; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt;">&nbsp;</font></p>










</td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; background-color: #cceeff; vertical-align: bottom; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt;">8,224</font></p>










</td>







</tr>
<tr style="height: 17px;">
<td style="padding: 0px; vertical-align: middle; height: 17px; margin: 0px; text-indent: 0px;">
<p style="break-after: avoid; break-inside: avoid; text-indent: 0px; padding-left: 0px; padding-right: 0px; margin: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt;">Total comprehensive income for the period</font></p>










</td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt;">&nbsp;</font></p>










</td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; vertical-align: bottom; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt;">&#8208;</font></p>










</td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt;">&nbsp;</font></p>










</td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; vertical-align: bottom; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt;">&#8208;</font></p>










</td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt;">&nbsp;</font></p>










</td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; vertical-align: bottom; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt;">&#8208;</font></p>










</td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt;">&nbsp;</font></p>










</td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; vertical-align: bottom; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt;">&#8208;</font></p>










</td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt;">&nbsp;</font></p>










</td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; vertical-align: bottom; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt;">&#8208;</font></p>










</td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt;">&nbsp;</font></p>










</td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; vertical-align: bottom; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt;">&#8208;</font></p>










</td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt;">&nbsp;</font></p>










</td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; vertical-align: bottom; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt;">&#8208;</font></p>










</td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt;">&nbsp;</font></p>










</td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; vertical-align: bottom; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt;">8,224</font></p>










</td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt;">&nbsp;</font></p>










</td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; vertical-align: bottom; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt;">431,474</font></p>










</td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt;">&nbsp;</font></p>










</td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; vertical-align: bottom; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt;">&#8208;</font></p>










</td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt;">&nbsp;</font></p>










</td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; vertical-align: bottom; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt;">439,698</font></p>










</td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt;">&nbsp;</font></p>










</td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; vertical-align: bottom; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt;">23,972</font></p>










</td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt;">&nbsp;</font></p>










</td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; vertical-align: bottom; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt;">463,670</font></p>










</td>







</tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding: 0px; vertical-align: middle; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="break-after: avoid; break-inside: avoid; text-indent: 0px; padding-left: 0px; padding-right: 0px; margin: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt;">&nbsp;</font></p>










</td>
<td style="height: 10px; background-color: #cceeff; vertical-align: bottom; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt;">&nbsp;</font></p>










</td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; background-color: #cceeff; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt;">&nbsp;</font></p>










</td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; background-color: #cceeff; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt;">&nbsp;</font></p>










</td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; background-color: #cceeff; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt;">&nbsp;</font></p>










</td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; background-color: #cceeff; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
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</td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; background-color: #cceeff; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt;">&nbsp;</font></p>










</td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; background-color: #cceeff; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt;">&nbsp;</font></p>










</td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; background-color: #cceeff; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
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</td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; background-color: #cceeff; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
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</td>
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</td>
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</td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; background-color: #cceeff; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt;">&nbsp;</font></p>










</td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; background-color: #cceeff; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt;">&nbsp;</font></p>










</td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; background-color: #cceeff; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt;">&nbsp;</font></p>










</td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; background-color: #cceeff; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt;">&nbsp;</font></p>










</td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; background-color: #cceeff; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt;">&nbsp;</font></p>










</td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; background-color: #cceeff; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt;">&nbsp;</font></p>










</td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; background-color: #cceeff; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt;">&nbsp;</font></p>










</td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; background-color: #cceeff; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt;">&nbsp;</font></p>










</td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; background-color: #cceeff; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt;">&nbsp;</font></p>










</td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; background-color: #cceeff; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt;">&nbsp;</font></p>










</td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; background-color: #cceeff; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt;">&nbsp;</font></p>










</td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; background-color: #cceeff; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt;">&nbsp;</font></p>










</td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; background-color: #cceeff; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt;">&nbsp;</font></p>










</td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; background-color: #cceeff; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt;">&nbsp;</font></p>










</td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; background-color: #cceeff; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt;">&nbsp;</font></p>










</td>







</tr>
<tr style="height: 10px;">
<td style="padding: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px;">
<p style="break-after: avoid; break-inside: avoid; text-indent: 0px; padding-left: 0px; padding-right: 0px; margin: 0px; line-height: 1.1;"><font style="font-family: 'times new roman', times; font-size: 7pt; line-height: inherit;">Issuance of shares related to the subscription warrants - indemnification</font></p>










</td>
<td style="height: 10px; vertical-align: bottom; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt;">&nbsp;</font></p>










</td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt;">&#8208;</font></p>










</td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt;">&nbsp;</font></p>










</td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt;">&#8208;</font></p>










</td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt;">&nbsp;</font></p>










</td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt;">5,631</font></p>










</td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt;">&nbsp;</font></p>










</td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt;">&#8208;</font></p>










</td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt;">&nbsp;</font></p>










</td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt;">&#8208;</font></p>










</td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt;">&nbsp;</font></p>










</td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt;">&#8208;</font></p>










</td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt;">&nbsp;</font></p>










</td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt;">&#8208;</font></p>










</td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt;">&nbsp;</font></p>










</td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt;">&#8208;</font></p>










</td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt;">&nbsp;</font></p>










</td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt;">&#8208;</font></p>










</td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt;">&nbsp;</font></p>










</td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt;">&#8208;</font></p>










</td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt;">&nbsp;</font></p>










</td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt;">5,631</font></p>










</td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt;">&nbsp;</font></p>










</td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt;">&#8208;</font></p>










</td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt;">&nbsp;</font></p>










</td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt;">5,631</font></p>










</td>







</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding: 0px; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="break-after: avoid; break-inside: avoid; text-indent: 0px; padding-left: 0px; padding-right: 0px; margin: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt;">Equity instrument granted</font></p>










</td>
<td style="height: 17px; background-color: #cceeff; vertical-align: bottom; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt;">8.c; 20.a; 20.b</font></p>










</td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; background-color: #cceeff; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt;">&#8208;</font></p>










</td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; background-color: #cceeff; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt;">&nbsp;</font></p>










</td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; background-color: #cceeff; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt;">9,937</font></p>










</td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; background-color: #cceeff; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt;">&nbsp;</font></p>










</td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; background-color: #cceeff; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt;">4</font></p>










</td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; background-color: #cceeff; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt;">&nbsp;</font></p>










</td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; background-color: #cceeff; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt;">480</font></p>










</td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; background-color: #cceeff; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
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</td>
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</td>
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<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt;">&nbsp;</font></p>










</td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; background-color: #cceeff; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt;">&#8208;</font></p>










</td>
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<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt;">&nbsp;</font></p>










</td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; background-color: #cceeff; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt;">&#8208;</font></p>










</td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; background-color: #cceeff; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt;">&nbsp;</font></p>










</td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; background-color: #cceeff; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt;">&#8208;</font></p>










</td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; background-color: #cceeff; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt;">&nbsp;</font></p>










</td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; background-color: #cceeff; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt;">&#8208;</font></p>










</td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; background-color: #cceeff; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt;">&nbsp;</font></p>










</td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; background-color: #cceeff; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt;">&#8208;</font></p>










</td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; background-color: #cceeff; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt;">&nbsp;</font></p>










</td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; background-color: #cceeff; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt;">10,421</font></p>










</td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; background-color: #cceeff; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt;">&nbsp;</font></p>










</td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; background-color: #cceeff; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt;">&#8208;</font></p>










</td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; background-color: #cceeff; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt;">&nbsp;</font></p>










</td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; background-color: #cceeff; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt;">10,421</font></p>










</td>







</tr>
<tr style="height: 12px;">
<td style="padding: 0px; vertical-align: middle; height: 12px; margin: 0px; text-indent: 0px;">
<p style="break-after: avoid; break-inside: avoid; text-indent: 0px; padding-left: 0px; padding-right: 0px; margin: 0px; line-height: 1.1;"><font style="font-family: 'times new roman', times; font-size: 7pt; line-height: inherit;">Realization of revaluation reserve of subsidiaries</font></p>










</td>
<td style="height: 12px; vertical-align: bottom; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px;" valign="bottom"></td>
<td style="padding-left: 0px; padding-right: 0px; height: 12px; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt;">&#8208;</font></p>










</td>
<td style="padding-left: 0px; padding-right: 0px; height: 12px; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt; font-weight: bold;">&nbsp;</font></p>










</td>
<td style="padding-left: 0px; padding-right: 0px; height: 12px; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt;">&#8208;</font></p>










</td>
<td style="padding-left: 0px; padding-right: 0px; height: 12px; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt; font-weight: bold;">&nbsp;</font></p>










</td>
<td style="padding-left: 0px; padding-right: 0px; height: 12px; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt;">&#8208;</font></p>










</td>
<td style="padding-left: 0px; padding-right: 0px; height: 12px; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt;">&nbsp;</font></p>










</td>
<td style="padding-left: 0px; padding-right: 0px; height: 12px; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt;">&#8208;</font></p>










</td>
<td style="padding-left: 0px; padding-right: 0px; height: 12px; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt;">&nbsp;</font></p>










</td>
<td style="padding-left: 0px; padding-right: 0px; height: 12px; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt;">(44)</font></p>










</td>
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<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt;">&nbsp;</font></p>










</td>
<td style="padding-left: 0px; padding-right: 0px; height: 12px; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt;">&#8208;</font></p>










</td>
<td style="padding-left: 0px; padding-right: 0px; height: 12px; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
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</td>
<td style="padding-left: 0px; padding-right: 0px; height: 12px; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt;">&#8208;</font></p>










</td>
<td style="padding-left: 0px; padding-right: 0px; height: 12px; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt;">&nbsp;</font></p>










</td>
<td style="padding-left: 0px; padding-right: 0px; height: 12px; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt;">&#8208;</font></p>










</td>
<td style="padding-left: 0px; padding-right: 0px; height: 12px; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt;">&nbsp;</font></p>










</td>
<td style="padding-left: 0px; padding-right: 0px; height: 12px; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt;">54</font></p>










</td>
<td style="padding-left: 0px; padding-right: 0px; height: 12px; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt;">&nbsp;</font></p>










</td>
<td style="padding-left: 0px; padding-right: 0px; height: 12px; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt;">&#8208;</font></p>










</td>
<td style="padding-left: 0px; padding-right: 0px; height: 12px; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt;">&nbsp;</font></p>










</td>
<td style="padding-left: 0px; padding-right: 0px; height: 12px; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt;">10</font></p>










</td>
<td style="padding-left: 0px; padding-right: 0px; height: 12px; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt;">&nbsp;</font></p>










</td>
<td style="padding-left: 0px; padding-right: 0px; height: 12px; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt;">&#8208;</font></p>










</td>
<td style="padding-left: 0px; padding-right: 0px; height: 12px; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt;">&nbsp;</font></p>










</td>
<td style="padding-left: 0px; padding-right: 0px; height: 12px; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt;">10</font></p>










</td>







</tr>
<tr style="height: 12px; background-color: #cceeff;">
<td style="padding: 0px; vertical-align: middle; height: 12px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
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</td>
<td style="height: 12px; background-color: #cceeff; vertical-align: bottom; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt;">&nbsp;</font></p>










</td>
<td style="padding-left: 0px; padding-right: 0px; height: 12px; background-color: #cceeff; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt;">&#8208;</font></p>










</td>
<td style="padding-left: 0px; padding-right: 0px; height: 12px; background-color: #cceeff; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt;">&nbsp;</font></p>










</td>
<td style="padding-left: 0px; padding-right: 0px; height: 12px; background-color: #cceeff; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt;">&#8208;</font></p>










</td>
<td style="padding-left: 0px; padding-right: 0px; height: 12px; background-color: #cceeff; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt;">&nbsp;</font></p>










</td>
<td style="padding-left: 0px; padding-right: 0px; height: 12px; background-color: #cceeff; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt;">&#8208;</font></p>










</td>
<td style="padding-left: 0px; padding-right: 0px; height: 12px; background-color: #cceeff; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt;">&nbsp;</font></p>










</td>
<td style="padding-left: 0px; padding-right: 0px; height: 12px; background-color: #cceeff; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt;">&#8208;</font></p>










</td>
<td style="padding-left: 0px; padding-right: 0px; height: 12px; background-color: #cceeff; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt;">&nbsp;</font></p>










</td>
<td style="padding-left: 0px; padding-right: 0px; height: 12px; background-color: #cceeff; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt;">&#8208;</font></p>










</td>
<td style="padding-left: 0px; padding-right: 0px; height: 12px; background-color: #cceeff; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt;">&nbsp;</font></p>










</td>
<td style="padding-left: 0px; padding-right: 0px; height: 12px; background-color: #cceeff; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt;">&#8208;</font></p>










</td>
<td style="padding-left: 0px; padding-right: 0px; height: 12px; background-color: #cceeff; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt;">&nbsp;</font></p>










</td>
<td style="padding-left: 0px; padding-right: 0px; height: 12px; background-color: #cceeff; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt;">&#8208;</font></p>










</td>
<td style="padding-left: 0px; padding-right: 0px; height: 12px; background-color: #cceeff; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt;">&nbsp;</font></p>










</td>
<td style="padding-left: 0px; padding-right: 0px; height: 12px; background-color: #cceeff; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt;">&#8208;</font></p>










</td>
<td style="padding-left: 0px; padding-right: 0px; height: 12px; background-color: #cceeff; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt;">&nbsp;</font></p>










</td>
<td style="padding-left: 0px; padding-right: 0px; height: 12px; background-color: #cceeff; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt;">&#8208;</font></p>










</td>
<td style="padding-left: 0px; padding-right: 0px; height: 12px; background-color: #cceeff; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt;">&nbsp;</font></p>










</td>
<td style="padding-left: 0px; padding-right: 0px; height: 12px; background-color: #cceeff; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt;">&#8208;</font></p>










</td>
<td style="padding-left: 0px; padding-right: 0px; height: 12px; background-color: #cceeff; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt;">&nbsp;</font></p>










</td>
<td style="padding-left: 0px; padding-right: 0px; height: 12px; background-color: #cceeff; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt;">&#8208;</font></p>










</td>
<td style="padding-left: 0px; padding-right: 0px; height: 12px; background-color: #cceeff; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt;">&nbsp;</font></p>










</td>
<td style="padding-left: 0px; padding-right: 0px; height: 12px; background-color: #cceeff; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt;">257</font></p>










</td>
<td style="padding-left: 0px; padding-right: 0px; height: 12px; background-color: #cceeff; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt;">&nbsp;</font></p>










</td>
<td style="padding-left: 0px; padding-right: 0px; height: 12px; background-color: #cceeff; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt;">257</font></p>










</td>







</tr>
<tr style="height: 19px;">
<td style="padding: 0px; vertical-align: middle; height: 19px; margin: 0px; text-indent: 0px;">
<p style="break-after: avoid; break-inside: avoid; text-indent: 0px; padding-left: 0px; padding-right: 0px; margin: 0px; line-height: 1.1;"><font style="font-family: 'times new roman', times; font-size: 7pt; line-height: inherit;">Approval of additional dividends by the Ordinary General Shareholders&#8217; Meeting</font></p>










</td>
<td style="height: 19px; vertical-align: bottom; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt;">&nbsp;20.e</font></p>










</td>
<td style="padding-left: 0px; padding-right: 0px; height: 19px; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt;">&#8208;</font></p>










</td>
<td style="padding-left: 0px; padding-right: 0px; height: 19px; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt;">&nbsp;</font></p>










</td>
<td style="padding-left: 0px; padding-right: 0px; height: 19px; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt;">&#8208;</font></p>










</td>
<td style="padding-left: 0px; padding-right: 0px; height: 19px; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt;">&nbsp;</font></p>










</td>
<td style="padding-left: 0px; padding-right: 0px; height: 19px; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt;">&#8208;</font></p>










</td>
<td style="padding-left: 0px; padding-right: 0px; height: 19px; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt;">&nbsp;</font></p>










</td>
<td style="padding-left: 0px; padding-right: 0px; height: 19px; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt;">&#8208;</font></p>










</td>
<td style="padding-left: 0px; padding-right: 0px; height: 19px; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt;">&nbsp;</font></p>










</td>
<td style="padding-left: 0px; padding-right: 0px; height: 19px; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt;">&#8208;</font></p>










</td>
<td style="padding-left: 0px; padding-right: 0px; height: 19px; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt;">&nbsp;</font></p>










</td>
<td style="padding-left: 0px; padding-right: 0px; height: 19px; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt;">&#8208;</font></p>










</td>
<td style="padding-left: 0px; padding-right: 0px; height: 19px; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt;">&nbsp;</font></p>










</td>
<td style="padding-left: 0px; padding-right: 0px; height: 19px; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt;">&#8208;</font></p>










</td>
<td style="padding-left: 0px; padding-right: 0px; height: 19px; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt;">&nbsp;</font></p>










</td>
<td style="padding-left: 0px; padding-right: 0px; height: 19px; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt;">&#8208;</font></p>










</td>
<td style="padding-left: 0px; padding-right: 0px; height: 19px; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt;">&nbsp;</font></p>










</td>
<td style="padding-left: 0px; padding-right: 0px; height: 19px; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt;">&#8208;</font></p>










</td>
<td style="padding-left: 0px; padding-right: 0px; height: 19px; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt;">&nbsp;</font></p>










</td>
<td style="padding-left: 0px; padding-right: 0px; height: 19px; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt;">(134,031)</font></p>










</td>
<td style="padding-left: 0px; padding-right: 0px; height: 19px; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt;">&nbsp;</font></p>










</td>
<td style="padding-left: 0px; padding-right: 0px; height: 19px; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt;">(134,031)</font></p>










</td>
<td style="padding-left: 0px; padding-right: 0px; height: 19px; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt;">&nbsp;</font></p>










</td>
<td style="padding-left: 0px; padding-right: 0px; height: 19px; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt;">&#8208;</font></p>










</td>
<td style="padding-left: 0px; padding-right: 0px; height: 19px; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt;">&nbsp;</font></p>










</td>
<td style="padding-left: 0px; padding-right: 0px; height: 19px; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt;">(134,031)</font></p>










</td>







</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding: 0px; vertical-align: middle; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="break-after: avoid; break-inside: avoid; text-indent: 0px; padding-left: 0px; padding-right: 0px; margin: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt; font-weight: bold;">Balance as of March 31, 2024</font></p>










</td>
<td style="height: 17px; background-color: #cceeff; vertical-align: bottom; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt;">&nbsp;</font></p>










</td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; background-color: #cceeff; vertical-align: bottom; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt; font-weight: bold;">6,621,752</font></p>










</td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; background-color: #cceeff; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt; font-weight: bold;">&nbsp;</font></p>










</td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; background-color: #cceeff; vertical-align: bottom; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt; font-weight: bold;">85,862</font></p>










</td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; background-color: #cceeff; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt; font-weight: bold;">&nbsp;</font></p>










</td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; background-color: #cceeff; vertical-align: bottom; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt; font-weight: bold;">603,463</font></p>










</td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; background-color: #cceeff; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt; font-weight: bold;">&nbsp;</font></p>










</td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; background-color: #cceeff; vertical-align: bottom; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt; font-weight: bold;">(470,030)</font></p>










</td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; background-color: #cceeff; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt; font-weight: bold;">&nbsp;</font></p>










</td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; background-color: #cceeff; vertical-align: bottom; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt; font-weight: bold;">3,758</font></p>










</td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; background-color: #cceeff; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt; font-weight: bold;">&nbsp;</font></p>










</td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; background-color: #cceeff; vertical-align: bottom; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt; font-weight: bold;">121,990</font></p>










</td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; background-color: #cceeff; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt; font-weight: bold;">&nbsp;</font></p>










</td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; background-color: #cceeff; vertical-align: bottom; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt; font-weight: bold;">6,267,569</font></p>










</td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; background-color: #cceeff; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt; font-weight: bold;">&nbsp;</font></p>










</td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; background-color: #cceeff; vertical-align: bottom; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt; font-weight: bold;">162,332</font></p>










</td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; background-color: #cceeff; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt; font-weight: bold;">&nbsp;</font></p>










</td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; background-color: #cceeff; vertical-align: bottom; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt; font-weight: bold;">431,528</font></p>










</td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; background-color: #cceeff; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt; font-weight: bold;">&nbsp;</font></p>










</td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; background-color: #cceeff; vertical-align: bottom; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt; font-weight: bold;">&#8208;</font></p>










</td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; background-color: #cceeff; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt; font-weight: bold;">&nbsp;</font></p>










</td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; background-color: #cceeff; vertical-align: bottom; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt; font-weight: bold;">13,828,224</font></p>










</td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; background-color: #cceeff; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt;">&nbsp;</font></p>










</td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; background-color: #cceeff; vertical-align: bottom; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt; font-weight: bold;">547,560</font></p>










</td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; background-color: #cceeff; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt;">&nbsp;</font></p>










</td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; background-color: #cceeff; vertical-align: bottom; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt; font-weight: bold;">14,375,784</font></p>










</td>







</tr>


















</table>
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;&nbsp;</font></p>




</div>




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

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





</tr>











</table>
<hr class="horizontalLineRemoved" style="border-bottom-color: #000000; border-top-color: #000000; color: #000000; background-color: #000000;"></hr>
<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div>





</div>
<div>
<div style="width: 8.5in; margin: 0 auto;">
<table style="width: 100%; height: 61px; border-collapse: collapse; font-family: 'times new roman'; font-size: 10pt;">

<tr style="height: 10px;">
<td style="height: 10px; vertical-align: bottom;" valign="bottom"><font style="color: #000000; font-family: 'times new roman', times; font-size: 12pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: bold; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; 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; line-height: inherit; display: inline !important;">Ultrapar Participa&#231;&#245;es S.A. and Subsidiaries</font></td>
<td style="height: 10px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><img src="imgc0dec36d433f45a2aa5c.jpg" style="float: right;" alt="Graphics"></font></td>












</tr>
<tr style="height: 17px;">
<td style="height: 17px;"><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;">Statements of changes in equity</font></td>
<td style="height: 17px;"><br></td>












</tr>
<tr style="height: 17px;">
<td style="height: 17px; width: 24%;"><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;">For the periods ended March 31, 2024 and 2023</font></td>
<td style="height: 17px; width: 5%;"><br></td>












</tr>
<tr style="height: 17px;">
<td style="height: 17px; border-bottom-width: 1.5pt; border-bottom-style: solid; border-bottom-color: #000080 !important;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="color: #000000; font-style: italic; font-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;">(In thousands of Brazilian&nbsp;</font>Reais<font style="color: #000000; font-style: italic; font-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;">, except dividends per share)</font></font></td>
<td style="height: 17px; border-bottom-width: 1.5pt; border-bottom-style: solid; border-bottom-color: #000080 !important;"></td>












</tr>

























</table>
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">&nbsp;</font></p>
<table cellspacing="0" cellpadding="0" style="height: 364px; border-collapse: collapse; margin: 0px; font-family: 'times new roman'; font-size: 10pt; width: 100%; text-indent: 0px; margin-left: 0.1px;" width="100%">

<tr style="height: 17px;">
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 17px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt;">&nbsp;</font></p>










</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 17px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt;">&nbsp;</font></p>










</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 17px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt; font-weight: bold;">&nbsp;</font></p>










</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 17px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt; font-weight: bold;">&nbsp;</font></p>










</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 17px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt; font-weight: bold;">&nbsp;</font></p>










</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 17px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt; font-weight: bold;">&nbsp;</font></p>










</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 17px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt; font-weight: bold;">&nbsp;</font></p>










</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 17px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt; font-weight: bold;">&nbsp;</font></p>










</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 17px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt; font-weight: bold;">&nbsp;</font></p>










</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 17px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt; font-weight: bold;">&nbsp;</font></p>










</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 17px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt; font-weight: bold;">&nbsp;</font></p>










</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 17px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt; font-weight: bold;">&nbsp;</font></p>










</td>
<td colspan="3" style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 17px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt; font-weight: bold;">Profit reserves</font></p>










</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 17px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt; font-weight: bold;">&nbsp;</font></p>










</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 17px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt; font-weight: bold;">&nbsp;</font></p>










</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 17px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt; font-weight: bold;">&nbsp;</font></p>










</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 17px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt; font-weight: bold;">&nbsp;</font></p>










</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 17px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt;">&nbsp;</font></p>










</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 17px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt;">&nbsp;</font></p>










</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 17px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt;">&nbsp;</font></p>










</td>
<td colspan="3" style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 17px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt; font-weight: bold;">Equity attributable to:</font></p>










</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 17px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt;">&nbsp;</font></p>










</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 17px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt;">&nbsp;</font></p>










</td>





</tr>
<tr style="height: 103px;">
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 103px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="color: #0563c1; font-family: 'times new roman', times; font-size: 7pt;">&nbsp;</font></p>










</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 103px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt; font-weight: bold;">Note</font></p>










</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 103px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt; font-weight: bold;">Share capital</font></p>










</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 103px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt; font-weight: bold;">&nbsp;</font></p>










</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 103px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt; font-weight: bold;">Equity instrument granted</font></p>










</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 103px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt; font-weight: bold;">&nbsp;</font></p>










</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 103px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt; font-weight: bold;">Capital reserve</font></p>










</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 103px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt; font-weight: bold;">&nbsp;</font></p>










</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 103px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt; font-weight: bold;">Treasury shares</font></p>










</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 103px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt; font-weight: bold;">&nbsp;</font></p>










</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 103px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt; font-weight: bold;">Revaluation reserve of subsidiaries</font></p>










</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 103px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt; font-weight: bold;">&nbsp;</font></p>










</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 103px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt; font-weight: bold;">Legal reserve</font></p>










</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 103px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt; font-weight: bold;">&nbsp;</font></p>










</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 103px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt; font-weight: bold;">Investments statutory reserve</font></p>










</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 103px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt; font-weight: bold;">&nbsp;</font></p>










</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 103px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt; font-weight: bold;">Accumulated other comprehensive income</font></p>










</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 103px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt; font-weight: bold;">&nbsp;</font></p>










</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 103px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt; font-weight: bold;">Retained earnings</font></p>










</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 103px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt; font-weight: bold;">&nbsp;</font></p>










</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 103px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt; font-weight: bold;">Additional dividends to the minimum mandatory dividends</font></p>










</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 103px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt; font-weight: bold;">&nbsp;</font></p>










</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 103px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt; font-weight: bold;">Shareholders of Ultrapar</font></p>










</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 103px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt; font-weight: bold;">&nbsp;</font></p>










</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 103px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt; font-weight: bold;">Non-controlling interests (i)</font></p>










</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 103px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt; font-weight: bold;">&nbsp;</font></p>










</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 103px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt; font-weight: bold;">Total equity</font></p>










</td>





</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding: 0px; vertical-align: middle; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px; width: 24%;">
<p style="break-after: avoid; break-inside: avoid; text-indent: 0px; padding-left: 0px; padding-right: 0px; margin: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt; font-weight: bold;">Balance as of December 31, 2022</font></p>










</td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; width: 5%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt;">&nbsp;</font></p>










</td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; width: 5%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt; font-weight: bold;">5,171,752</font></p>










</td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; width: 0.5%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt; font-weight: bold;">&nbsp;</font></p>










</td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; width: 5%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt; font-weight: bold;">43,987</font></p>










</td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; width: 0.5%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt; font-weight: bold;">&nbsp;</font></p>










</td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; width: 5%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt; font-weight: bold;">599,461</font></p>










</td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; width: 0.5%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt; font-weight: bold;">&nbsp;</font></p>










</td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; width: 5%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt; font-weight: bold;">(479,674)</font></p>










</td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; width: 0.5%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt; font-weight: bold;">&nbsp;</font></p>










</td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; width: 5%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt; font-weight: bold;">3,975</font></p>










</td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; width: 0.5%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt; font-weight: bold;">&nbsp;</font></p>










</td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; width: 5%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt; font-weight: bold;">882,575</font></p>










</td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; width: 0.5%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt; font-weight: bold;">&nbsp;</font></p>










</td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; width: 5%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt; font-weight: bold;">5,228,561</font></p>










</td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; width: 0.5%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt; font-weight: bold;">&nbsp;</font></p>










</td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; width: 5%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt; font-weight: bold;">179,974</font></p>










</td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; width: 0.5%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt; font-weight: bold;">&nbsp;</font></p>










</td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; width: 5%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt; font-weight: bold;">&#8208;</font></p>










</td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; width: 0.5%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt; font-weight: bold;">&nbsp;</font></p>










</td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; width: 5%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt; font-weight: bold;">78,130</font></p>










</td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; width: 0.5%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt; font-weight: bold;">&nbsp;</font></p>










</td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; width: 5%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt; font-weight: bold;">11,708,741</font></p>










</td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; width: 0.5%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt; font-weight: bold;">&nbsp;</font></p>










</td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; width: 5%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt; font-weight: bold;">466,227</font></p>










</td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; width: 0.5%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt; font-weight: bold;">&nbsp;</font></p>










</td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; width: 5%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt; font-weight: bold;">12,174,968</font></p>










</td>





</tr>
<tr style="height: 17px;">
<td style="padding: 0px; vertical-align: middle; height: 17px; margin: 0px; text-indent: 0px;">
<p style="break-after: avoid; break-inside: avoid; text-indent: 0px; padding-left: 0px; padding-right: 0px; margin: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt;">Net income for the period</font></p>










</td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt;">-</font></p>










</td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt;">&#8208;</font></p>










</td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt;">&nbsp;</font></p>










</td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt;">&#8208;</font></p>










</td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt;">&nbsp;</font></p>










</td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt;">&#8208;</font></p>










</td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt;">&nbsp;</font></p>










</td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt;">&#8208;</font></p>










</td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt;">&nbsp;</font></p>










</td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt;">&#8208;</font></p>










</td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt;">&nbsp;</font></p>










</td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt;">&#8208;</font></p>










</td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt;">&nbsp;</font></p>










</td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt;">&#8208;</font></p>










</td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt;">&nbsp;</font></p>










</td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt;">&#8208;</font></p>










</td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt;">&nbsp;</font></p>










</td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt;">262,065</font></p>










</td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt;">&nbsp;</font></p>










</td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt;">&#8208;</font></p>










</td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt;">&nbsp;</font></p>










</td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt;">262,065</font></p>










</td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt;">&nbsp;</font></p>










</td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt;">11,760</font></p>










</td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt;">&nbsp;</font></p>










</td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt;">273,825</font></p>










</td>





</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding: 0px; vertical-align: middle; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="break-after: avoid; break-inside: avoid; text-indent: 0px; padding-left: 0px; padding-right: 0px; margin: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt;">Other comprehensive income</font></p>










</td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt;">-</font></p>










</td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt;">&#8208;</font></p>










</td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt;">&nbsp;</font></p>










</td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt;">&#8208;</font></p>










</td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt;">&nbsp;</font></p>










</td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt;">&#8208;</font></p>










</td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt;">&nbsp;</font></p>










</td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt;">&#8208;</font></p>










</td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt;">&nbsp;</font></p>










</td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt;">&#8208;</font></p>










</td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt;">&nbsp;</font></p>










</td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt;">&#8208;</font></p>










</td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt;">&nbsp;</font></p>










</td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt;">&#8208;</font></p>










</td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt;">&nbsp;</font></p>










</td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt;">(6,525)</font></p>










</td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt;">&nbsp;</font></p>










</td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt;">&#8208;</font></p>










</td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt;">&nbsp;</font></p>










</td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt;">&#8208;</font></p>










</td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt;">&nbsp;</font></p>










</td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt;">(6,525)</font></p>










</td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt;">&nbsp;</font></p>










</td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt;">&#8208;</font></p>










</td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt;">&nbsp;</font></p>










</td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt;">(6,525)</font></p>










</td>





</tr>
<tr style="height: 17px;">
<td style="padding: 0px; vertical-align: middle; height: 17px; margin: 0px; text-indent: 0px;">
<p style="break-after: avoid; break-inside: avoid; text-indent: 0px; padding-left: 0px; padding-right: 0px; margin: 0px; line-height: 1.1;"><font style="font-family: 'times new roman', times; font-size: 7pt; line-height: inherit;">Total comprehensive income for the period</font></p>










</td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt;">&nbsp;</font></p>










</td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; vertical-align: bottom; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt;">&#8208;</font></p>










</td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt;">&nbsp;</font></p>










</td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; vertical-align: bottom; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt;">&#8208;</font></p>










</td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt;">&nbsp;</font></p>










</td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; vertical-align: bottom; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt;">&#8208;</font></p>










</td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt;">&nbsp;</font></p>










</td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; vertical-align: bottom; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt;">&#8208;</font></p>










</td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt;">&nbsp;</font></p>










</td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; vertical-align: bottom; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt;">&#8208;</font></p>










</td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt;">&nbsp;</font></p>










</td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; vertical-align: bottom; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt;">&#8208;</font></p>










</td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt;">&nbsp;</font></p>










</td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; vertical-align: bottom; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt;">&#8208;</font></p>










</td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt;">&nbsp;</font></p>










</td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; vertical-align: bottom; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt;">(6,525)</font></p>










</td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt;">&nbsp;</font></p>










</td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; vertical-align: bottom; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt;">262,065</font></p>










</td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt;">&nbsp;</font></p>










</td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; vertical-align: bottom; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt;">&#8208;</font></p>










</td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt;">&nbsp;</font></p>










</td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; vertical-align: bottom; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt;">255,540</font></p>










</td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt;">&nbsp;</font></p>










</td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; vertical-align: bottom; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt;">11,760</font></p>










</td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt;">&nbsp;</font></p>










</td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; vertical-align: bottom; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt;">267,300</font></p>










</td>





</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding: 0px; vertical-align: middle; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="break-after: avoid; break-inside: avoid; text-indent: 0px; padding-left: 0px; padding-right: 0px; margin: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt;">&nbsp;</font></p>










</td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt;">&nbsp;</font></p>










</td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt;">&nbsp;</font></p>










</td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt;">&nbsp;</font></p>










</td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt;">&nbsp;</font></p>










</td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt;">&nbsp;</font></p>










</td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt;">&nbsp;</font></p>










</td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt;">&nbsp;</font></p>










</td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt;">&nbsp;</font></p>










</td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt;">&nbsp;</font></p>










</td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt;">&nbsp;</font></p>










</td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt;">&nbsp;</font></p>










</td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt;">&nbsp;</font></p>










</td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt;">&nbsp;</font></p>










</td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt;">&nbsp;</font></p>










</td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt;">&nbsp;</font></p>










</td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt;">&nbsp;</font></p>










</td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt;">&nbsp;</font></p>










</td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt;">&nbsp;</font></p>










</td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt;">&nbsp;</font></p>










</td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt;">&nbsp;</font></p>










</td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt;">&nbsp;</font></p>










</td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt;">&nbsp;</font></p>










</td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt;">&nbsp;</font></p>










</td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt;">&nbsp;</font></p>










</td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt;">&nbsp;</font></p>










</td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt;">&nbsp;</font></p>










</td>





</tr>
<tr style="height: 12px;">
<td style="padding: 0px; vertical-align: middle; height: 12px; margin: 0px; text-indent: 0px;">
<p style="break-after: avoid; break-inside: avoid; text-indent: 0px; padding-left: 0px; padding-right: 0px; margin: 0px; line-height: 1.1;"><font style="font-family: 'times new roman', times; font-size: 7pt; line-height: inherit;">Issuance of shares related to the subscription warrants - indemnification</font></p>










</td>
<td style="padding-left: 0px; padding-right: 0px; height: 12px; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt;">-</font></p>










</td>
<td style="padding-left: 0px; padding-right: 0px; height: 12px; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt;">&#8208;</font></p>










</td>
<td style="padding-left: 0px; padding-right: 0px; height: 12px; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt;">&nbsp;</font></p>










</td>
<td style="padding-left: 0px; padding-right: 0px; height: 12px; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt;">&#8208;</font></p>










</td>
<td style="padding-left: 0px; padding-right: 0px; height: 12px; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt;">&nbsp;</font></p>










</td>
<td style="padding-left: 0px; padding-right: 0px; height: 12px; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt;">758</font></p>










</td>
<td style="padding-left: 0px; padding-right: 0px; height: 12px; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt;">&nbsp;</font></p>










</td>
<td style="padding-left: 0px; padding-right: 0px; height: 12px; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt;">&#8208;</font></p>










</td>
<td style="padding-left: 0px; padding-right: 0px; height: 12px; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt;">&nbsp;</font></p>










</td>
<td style="padding-left: 0px; padding-right: 0px; height: 12px; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt;">&#8208;</font></p>










</td>
<td style="padding-left: 0px; padding-right: 0px; height: 12px; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt;">&nbsp;</font></p>










</td>
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</tr>
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</td>
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</td>
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</td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px;" valign="bottom">
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</td>
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</td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px;" valign="bottom">
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</td>





</tr>
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<td style="padding-left: 0px; padding-right: 0px; height: 17px; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
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</td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt;">&nbsp;</font></p>










</td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt;">(95)</font></p>










</td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt;">&nbsp;</font></p>










</td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt;">&#8208;</font></p>










</td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt;">&nbsp;</font></p>










</td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt;">(139)</font></p>










</td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt;">&nbsp;</font></p>










</td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt;">&#8208;</font></p>










</td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt;">&nbsp;</font></p>










</td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt;">(139)</font></p>










</td>





</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding: 0px; vertical-align: middle; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="break-after: avoid; break-inside: avoid; text-indent: 0px; padding-left: 0px; padding-right: 0px; margin: 0px; line-height: 1.1;"><font style="font-family: 'times new roman', times; font-size: 7pt; line-height: inherit;">Shareholder transaction - changes of ownership interest</font></p>










</td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt;">-</font></p>










</td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt;">&#8208;</font></p>










</td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt;">&nbsp;</font></p>










</td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt;">&#8208;</font></p>










</td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt;">&nbsp;</font></p>










</td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt;">&#8208;</font></p>










</td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt;">&nbsp;</font></p>










</td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt;">&#8208;</font></p>










</td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt;">&nbsp;</font></p>










</td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt;">&#8208;</font></p>










</td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt;">&nbsp;</font></p>










</td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt;">2</font></p>










</td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt;">&nbsp;</font></p>










</td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt;">&#8208;</font></p>










</td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt;">&nbsp;</font></p>










</td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt;">&#8208;</font></p>










</td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt;">&nbsp;</font></p>










</td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt;">&#8208;</font></p>










</td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt;">&nbsp;</font></p>










</td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt;">&#8208;</font></p>










</td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt;">&nbsp;</font></p>










</td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt;">2</font></p>










</td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt;">&nbsp;</font></p>










</td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt;">&#8208;</font></p>










</td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt;">&nbsp;</font></p>










</td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt;">2</font></p>










</td>





</tr>
<tr style="height: 17px;">
<td style="padding: 0px; vertical-align: middle; height: 17px; margin: 0px; text-indent: 0px;">
<p style="break-after: avoid; break-inside: avoid; text-indent: 0px; padding-left: 0px; padding-right: 0px; margin: 0px; line-height: 1.1;"><font style="font-family: 'times new roman', times; font-size: 7pt; line-height: inherit;">Loss due to change in ownership interest</font></p>










</td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt;">-</font></p>










</td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt;">&#8208;</font></p>










</td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt;">&nbsp;</font></p>










</td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt;">&#8208;</font></p>










</td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt;">&nbsp;</font></p>










</td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt;">&#8208;</font></p>










</td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt;">&nbsp;</font></p>










</td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt;">&#8208;</font></p>










</td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt;">&nbsp;</font></p>










</td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt;">&#8208;</font></p>










</td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt;">&nbsp;</font></p>










</td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt;">&#8208;</font></p>










</td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt;">&nbsp;</font></p>










</td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt;">&#8208;</font></p>










</td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt;">&nbsp;</font></p>










</td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt;">&#8208;</font></p>










</td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt;">&nbsp;</font></p>










</td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt;">&#8208;</font></p>










</td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt;">&nbsp;</font></p>










</td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt;">&#8208;</font></p>










</td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt;">&nbsp;</font></p>










</td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt;">&#8208;</font></p>










</td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt;">&nbsp;</font></p>










</td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt;">(112)</font></p>










</td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt;">&nbsp;</font></p>










</td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt;">(112)</font></p>










</td>





</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding: 0px; vertical-align: middle; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="break-after: avoid; break-inside: avoid; text-indent: 0px; padding-left: 0px; padding-right: 0px; margin: 0px; line-height: 1.1;"><font style="font-family: 'times new roman', times; font-size: 7pt; line-height: inherit;">Dividends attributable to non-controlling interests</font></p>










</td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt;">-</font></p>










</td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt;">&#8208;</font></p>










</td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt;">&nbsp;</font></p>










</td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt;">&#8208;</font></p>










</td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt;">&nbsp;</font></p>










</td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt;">&#8208;</font></p>










</td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt;">&nbsp;</font></p>










</td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt;">&#8208;</font></p>










</td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt;">&nbsp;</font></p>










</td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt;">&#8208;</font></p>










</td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt;">&nbsp;</font></p>










</td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt;">&#8208;</font></p>










</td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt;">&nbsp;</font></p>










</td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt;">&#8208;</font></p>










</td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt;">&nbsp;</font></p>










</td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt;">&#8208;</font></p>










</td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt;">&nbsp;</font></p>










</td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt;">&#8208;</font></p>










</td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt;">&nbsp;</font></p>










</td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt;">&#8208;</font></p>










</td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt;">&nbsp;</font></p>










</td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt;">&#8208;</font></p>










</td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt;">&nbsp;</font></p>










</td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt;">(192)</font></p>










</td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt;">&nbsp;</font></p>










</td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt;">(192)</font></p>










</td>





</tr>
<tr style="height: 18px;">
<td style="padding: 0px; vertical-align: middle; height: 18px; margin: 0px; text-indent: 0px;">
<p style="break-after: avoid; break-inside: avoid; text-indent: 0px; padding-left: 0px; padding-right: 0px; margin: 0px; line-height: 1.1;"><font style="font-family: 'times new roman', times; font-size: 7pt; line-height: inherit;">Approval of additional dividends by the Ordinary General Shareholders&#8217; Meeting</font></p>










</td>
<td style="padding-left: 0px; padding-right: 0px; height: 18px; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt;">-</font></p>










</td>
<td style="padding-left: 0px; padding-right: 0px; height: 18px; vertical-align: bottom; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt;">&#8208;</font></p>










</td>
<td style="padding-left: 0px; padding-right: 0px; height: 18px; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt;">&nbsp;</font></p>










</td>
<td style="padding-left: 0px; padding-right: 0px; height: 18px; vertical-align: bottom; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt;">&#8208;</font></p>










</td>
<td style="padding-left: 0px; padding-right: 0px; height: 18px; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt;">&nbsp;</font></p>










</td>
<td style="padding-left: 0px; padding-right: 0px; height: 18px; vertical-align: bottom; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt;">&#8208;</font></p>










</td>
<td style="padding-left: 0px; padding-right: 0px; height: 18px; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt;">&nbsp;</font></p>










</td>
<td style="padding-left: 0px; padding-right: 0px; height: 18px; vertical-align: bottom; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt;">&#8208;</font></p>










</td>
<td style="padding-left: 0px; padding-right: 0px; height: 18px; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt;">&nbsp;</font></p>










</td>
<td style="padding-left: 0px; padding-right: 0px; height: 18px; vertical-align: bottom; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt;">&#8208;</font></p>










</td>
<td style="padding-left: 0px; padding-right: 0px; height: 18px; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt;">&nbsp;</font></p>










</td>
<td style="padding-left: 0px; padding-right: 0px; height: 18px; vertical-align: bottom; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt;">&#8208;</font></p>










</td>
<td style="padding-left: 0px; padding-right: 0px; height: 18px; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt;">&nbsp;</font></p>










</td>
<td style="padding-left: 0px; padding-right: 0px; height: 18px; vertical-align: bottom; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt;">&#8208;</font></p>










</td>
<td style="padding-left: 0px; padding-right: 0px; height: 18px; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt;">&nbsp;</font></p>










</td>
<td style="padding-left: 0px; padding-right: 0px; height: 18px; vertical-align: bottom; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt;">&#8208;</font></p>










</td>
<td style="padding-left: 0px; padding-right: 0px; height: 18px; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt;">&nbsp;</font></p>










</td>
<td style="padding-left: 0px; padding-right: 0px; height: 18px; vertical-align: bottom; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt;">&#8208;</font></p>










</td>
<td style="padding-left: 0px; padding-right: 0px; height: 18px; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt;">&nbsp;</font></p>










</td>
<td style="padding-left: 0px; padding-right: 0px; height: 18px; vertical-align: bottom; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt;">(78,130)</font></p>










</td>
<td style="padding-left: 0px; padding-right: 0px; height: 18px; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt;">&nbsp;</font></p>










</td>
<td style="padding-left: 0px; padding-right: 0px; height: 18px; vertical-align: bottom; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt;">(78,130)</font></p>










</td>
<td style="padding-left: 0px; padding-right: 0px; height: 18px; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt;">&nbsp;</font></p>










</td>
<td style="padding-left: 0px; padding-right: 0px; height: 18px; vertical-align: bottom; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt;">&#8208;</font></p>










</td>
<td style="padding-left: 0px; padding-right: 0px; height: 18px; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt;">&nbsp;</font></p>










</td>
<td style="padding-left: 0px; padding-right: 0px; height: 18px; vertical-align: bottom; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt;">(78,130)</font></p>










</td>





</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding: 0px; vertical-align: middle; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="break-after: avoid; break-inside: avoid; text-indent: 0px; padding-left: 0px; padding-right: 0px; margin: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt; font-weight: bold;">Balance as of March 31, 2023</font></p>










</td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt;">&nbsp;</font></p>










</td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt; font-weight: bold;">5,171,752</font></p>










</td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt; font-weight: bold;">&nbsp;</font></p>










</td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt; font-weight: bold;">49,079</font></p>










</td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt; font-weight: bold;">&nbsp;</font></p>










</td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt; font-weight: bold;">600,219</font></p>










</td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt; font-weight: bold;">&nbsp;</font></p>










</td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt; font-weight: bold;">(479,674)</font></p>










</td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt; font-weight: bold;">&nbsp;</font></p>










</td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt; font-weight: bold;">3,931</font></p>










</td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt; font-weight: bold;">&nbsp;</font></p>










</td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt; font-weight: bold;">882,577</font></p>










</td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt; font-weight: bold;">&nbsp;</font></p>










</td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt; font-weight: bold;">5,228,561</font></p>










</td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt; font-weight: bold;">&nbsp;</font></p>










</td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt; font-weight: bold;">173,449</font></p>










</td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt; font-weight: bold;">&nbsp;</font></p>










</td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt; font-weight: bold;">261,970</font></p>










</td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt; font-weight: bold;">&nbsp;</font></p>










</td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt; font-weight: bold;">&#8208;</font></p>










</td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt; font-weight: bold;">&nbsp;</font></p>










</td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt; font-weight: bold;">11,891,864</font></p>










</td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt; font-weight: bold;">&nbsp;</font></p>










</td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt; font-weight: bold;">477,683</font></p>










</td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt; font-weight: bold;">&nbsp;</font></p>










</td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><font style="font-family: 'times new roman', times; font-size: 7pt; font-weight: bold;">12,369,547</font></p>










</td>





</tr>
















</table>
<p style="margin: 0pt; break-after: avoid; break-inside: avoid;">&nbsp;</p>
<table style="width: 100%; margin-left: 0.1px; border-collapse: collapse; font-family: 'times new roman'; font-size: 10pt;">

<tr>
<td style="width: 6%; text-align: center;"><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: 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;">(i)</font></td>
<td style="width: 94%;"><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; 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;">Are substantially represented by non-controlling shareholders of Iconic.</font></td>







</tr>















</table>
<p style="margin: 0pt; break-after: avoid; break-inside: avoid;">&nbsp;</p>
<p style="margin: 0pt 0pt 0pt 14.2pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt;">The accompanying notes are an integral part of the interim financial information.</font></p>
<p style="orphans: 0; page-break-after: avoid; page-break-inside: avoid; widows: 0;;margin:0pt"><br></p>



</div>




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

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




</tr>









</table>
<hr class="horizontalLineRemoved" style="border-bottom-color: #000000; border-top-color: #000000; color: #000000; background-color: #000000;"></hr>
<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div>




</div>







</div><div style="font-size: 10pt;">
<div style="width: 8.5in; margin: 0 auto;">
<table style="font-family: 'times new roman'; width: 100%; height: 61px; border-collapse: collapse; font-size: 10pt;">

<tr style="height: 10px;">
<td style="height: 10px; vertical-align: bottom; width: 75%;" valign="bottom"><font style="color: #000000; font-family: 'times new roman', times; font-size: 12pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: bold; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; 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; line-height: inherit; display: inline !important;">Ultrapar Participa&#231;&#245;es S.A. and Subsidiaries</font></td>
<td style="height: 10px; width: 25%;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><img src="imgc0dec36d433f45a2aa5c.jpg" style="float: right;" alt="Graphics"></font></td>














</tr>
<tr style="height: 17px;">
<td style="height: 17px;"><a style="text-decoration: none; color: #000000; cursor: default; outline: none; pointer-events: none;" href="#TOC" name="BCF_342024145257379" class="customBookmark"><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: 9.46667px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; float: none; display: inline !important;">Statements of cash flows - indirect method</font></a></td>
<td style="height: 17px;"><br></td>














</tr>
<tr style="height: 17px;">
<td style="height: 17px;"><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;">For the periods ended March 31, 2024 and 2023</font></td>
<td style="height: 17px;"><br></td>














</tr>
<tr style="height: 17px;">
<td style="height: 17px; border-bottom-width: 1.5pt; border-bottom-style: solid; border-bottom-color: #000080 !important;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="color: #000000; font-style: italic; font-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;">(In thousands of Brazilian&nbsp;</font>Reais<font style="color: #000000; font-style: italic; font-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;">)</font></font></td>
<td style="height: 17px; border-bottom-width: 1.5pt; border-bottom-style: solid; border-bottom-color: #000080 !important;"></td>














</tr>





























</table>
<p style="margin: 0pt; break-after: avoid; break-inside: avoid;">&nbsp;</p>
<table cellspacing="0" cellpadding="0" style="font-family: 'times new roman'; height: 699px; border-collapse: collapse; margin-left: 0px; font-size: 10pt; width: 100%;" width="100%">

<tr style="height: 17px;">
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>












</td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">&#8206;</font></p>












</td>
<td colspan="6" style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">&nbsp;&nbsp;&nbsp; Parent&nbsp;&nbsp;&nbsp; </font></p>












</td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">&nbsp;</font></p>












</td>
<td colspan="3" style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">Consolidated</font></p>












</td>










</tr>
<tr style="height: 17px;">
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>












</td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">Note</font></p>












</td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">03/31/2024</font></p>












</td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">&nbsp;</font></p>












</td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">03/31/2023</font></p>












</td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">03/31/2024</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">03/31/2023</font></p>












</td>










</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 50%; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">Cash flows from operating activities</font></p>












</td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 7%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>












</td>
<td colspan="2" style="vertical-align: middle; height: 17px; width: 10%; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>












</td>
<td colspan="2" style="vertical-align: middle; height: 17px; width: 1%; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>












</td>
<td colspan="2" style="vertical-align: middle; height: 17px; width: 10%; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>












</td>
<td colspan="2" style="vertical-align: middle; height: 17px; width: 1%; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>












</td>
<td style="vertical-align: middle; height: 17px; width: 10%; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>












</td>
<td style="vertical-align: middle; height: 17px; width: 1%; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>












</td>
<td style="vertical-align: middle; height: 17px; width: 10%; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>












</td>










</tr>
<tr style="height: 17px;">
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">Net income from continuing operations</font></p>












</td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">&nbsp;</font></p>












</td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">431,474</font></p>












</td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">&nbsp;</font></p>












</td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">262,065</font></p>












</td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">455,446</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">273,825</font></p>












</td>










</tr>
<tr style="height: 16px; background-color: #cceeff;">
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">Adjustments to reconcile net income to cash provided (consumed) by operating activities</font></p>












</td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; height: 16px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>












</td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; height: 16px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>












</td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; height: 16px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>












</td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; height: 16px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>












</td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; height: 16px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>












</td>










</tr>
<tr style="height: 17px;">
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Share of profit (loss) of subsidiaries, joint ventures and associates</font></p>












</td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;">11</font></p>












</td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(415,378)</font></p>












</td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>












</td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(287,229)</font></p>












</td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">3,084</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(10,448)</font></p>












</td>










</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Amortization of contractual assets with customers - exclusivity rights</font></p>












</td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;">10</font></p>












</td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#8208;</font></p>












</td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>












</td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#8208;</font></p>












</td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">132,658</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">132,138</font></p>












</td>










</tr>
<tr style="height: 17px;">
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Amortization of right-of-use assets</font></p>












</td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;">12</font></p>












</td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">604</font></p>












</td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>












</td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">588</font></p>












</td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">71,071</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">75,290</font></p>












</td>










</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Depreciation and amortization</font></p>












</td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;">13; 14</font></p>












</td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">3,122</font></p>












</td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>












</td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">2,291</font></p>












</td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">208,704</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">196,119</font></p>












</td>










</tr>
<tr style="height: 17px;">
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Interest and foreign exchange rate variations</font></p>












</td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>












</td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">9,088</font></p>












</td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>












</td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">42,775</font></p>












</td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">393,003</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">337,694</font></p>












</td>










</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Current and deferred income and social contribution taxes</font></p>












</td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;">9.b</font></p>












</td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">7,678</font></p>












</td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>












</td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">2,286</font></p>












</td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">209,134</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">92,420</font></p>












</td>










</tr>
<tr style="height: 10px;">
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt; line-height: 1.2;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Gain (loss) on disposal or write-off of property, plant and equipment, intangible assets and other assets</font></p>












</td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>












</td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(35,280)</font></p>












</td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>












</td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#8208;</font></p>












</td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(72,047)</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(52,777)</font></p>












</td>










</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Equity instrument granted</font></p>












</td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>












</td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">4,973</font></p>












</td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>












</td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">1,261</font></p>












</td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">10,421</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">5,092</font></p>












</td>










</tr>
<tr style="height: 17px;">
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Provision for decarbonization - CBIO</font></p>












</td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;">22</font></p>












</td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#8208;</font></p>












</td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>












</td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#8208;</font></p>












</td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">182,942</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">152,815</font></p>












</td>










</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Other provisions and adjustments</font></p>












</td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>












</td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; height: 17px; background-color: #cceeff; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(3,214)</font></p>












</td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>












</td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; height: 17px; background-color: #cceeff; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">11,858</font></p>












</td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; background-color: #cceeff; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">51,036</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; background-color: #cceeff; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">89,813</font></p>












</td>










</tr>
<tr style="height: 17px;">
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>












</td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>












</td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">3,067</font></p>












</td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>












</td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">35,895</font></p>












</td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">1,645,452</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">1,291,981</font></p>












</td>










</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">(Increase) decrease in assets</font></p>












</td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>












</td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>












</td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>












</td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>












</td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>












</td>










</tr>
<tr style="height: 17px;">
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Trade receivables and reseller financing</font></p>












</td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;">5</font></p>












</td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#8208;</font></p>












</td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>












</td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#8208;</font></p>












</td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">177,476</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">403,105</font></p>












</td>










</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Inventories</font></p>












</td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;">6</font></p>












</td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#8208;</font></p>












</td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>












</td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#8208;</font></p>












</td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(77,210)</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">1,130,592</font></p>












</td>










</tr>
<tr style="height: 17px;">
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Recoverable taxes</font></p>












</td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;">7</font></p>












</td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">3,571</font></p>












</td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>












</td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(15,223)</font></p>












</td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(86,283)</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(187,308)</font></p>












</td>










</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Dividends received from subsidiaries, associates and joint ventures</font></p>












</td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>












</td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">413,627</font></p>












</td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>












</td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">906,402</font></p>












</td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">850</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">377</font></p>












</td>










</tr>
<tr style="height: 17px;">
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Other assets</font></p>












</td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>












</td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(3,950)</font></p>












</td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>












</td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">27,783</font></p>












</td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(137,681)</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">4,030</font></p>












</td>










</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">&nbsp;</font></p>












</td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>












</td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>












</td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>












</td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>












</td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>












</td>










</tr>
<tr style="height: 17px;">
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Increase (decrease) in liabilities</font></p>












</td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>












</td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>












</td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>












</td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>












</td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>












</td>










</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Trade payables and trade payables - reverse factoring</font></p>












</td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;">16</font></p>












</td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">5,404</font></p>












</td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>












</td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(18,780)</font></p>












</td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(1,340,189)</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(2,764,262)</font></p>












</td>










</tr>
<tr style="height: 17px;">
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Salaries and related charges</font></p>












</td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;">-</font></p>












</td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(18,923)</font></p>












</td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>












</td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(27,156)</font></p>












</td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(145,894)</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(131,184)</font></p>












</td>










</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Taxes payable</font></p>












</td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;">-</font></p>












</td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(725)</font></p>












</td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>












</td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(584)</font></p>












</td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(4,474)</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">7,708</font></p>












</td>










</tr>
<tr style="height: 17px;">
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Other liabilities</font></p>












</td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>












</td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">12,338</font></p>












</td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>












</td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">4,911</font></p>












</td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(41,501)</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(128,476)</font></p>












</td>










</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;&nbsp;&nbsp;&nbsp; Acquisition of CBIO</font></p>












</td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;">14</font></p>












</td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#8208;</font></p>












</td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>












</td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#8208;</font></p>












</td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(338,067)</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(167,527)</font></p>












</td>










</tr>
<tr style="height: 17px;">
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;&nbsp;&nbsp;&nbsp; Payments of contractual assets with customers - exclusivity rights</font></p>












</td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;">10</font></p>












</td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#8208;</font></p>












</td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>












</td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#8208;</font></p>












</td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(91,948)</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(132,442)</font></p>












</td>










</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;&nbsp;&nbsp;&nbsp; Payment of contingencies</font></p>












</td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;">-</font></p>












</td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#8208;</font></p>












</td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>












</td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#8208;</font></p>












</td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(30,896)</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(6,171)</font></p>












</td>










</tr>
<tr style="height: 17px;">
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;&nbsp;&nbsp;&nbsp; Income and social contribution taxes paid</font></p>












</td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>












</td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#8208;</font></p>












</td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>












</td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#8208;</font></p>












</td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(102,872)</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(31,675)</font></p>












</td>










</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-indent: 0.4pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">Net cash provided (consumed) by operating activities</font></p>












</td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">&nbsp;</font></p>












</td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; height: 17px; background-color: #cceeff; vertical-align: bottom; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">414,409</font></p>












</td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">&nbsp;</font></p>












</td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; height: 17px; background-color: #cceeff; vertical-align: bottom; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">913,248</font></p>












</td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; background-color: #cceeff; vertical-align: bottom; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">(573,237)</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; background-color: #cceeff; vertical-align: bottom; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">(711,252)</font></p>












</td>










</tr>
<tr style="height: 17px;">
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">&nbsp;</font></p>












</td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>












</td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>












</td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>












</td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>












</td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>












</td>










</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-indent: 0.4pt; font-family: &quot;times new roman&quot;, times;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">Cash flows from investing activities</font></p>












</td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>












</td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>












</td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>












</td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>












</td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>












</td>










</tr>
<tr style="height: 17px;">
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Financial investments, net of redemptions</font></p>












</td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;">4.b</font></p>












</td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">145,344</font></p>












</td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>












</td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#8208;</font></p>












</td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(1,546,977)</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">302,552</font></p>












</td>










</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Acquisition of property, plant and equipment and intangible assets</font></p>












</td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;">13; 14</font></p>












</td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(70,409)</font></p>












</td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>












</td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(9,352)</font></p>












</td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(326,198)</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(221,017)</font></p>












</td>










</tr>
<tr style="height: 17px;">
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt; line-height: 1.2;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Cash provided by disposal of investments and property, plant and equipment</font></p>












</td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>












</td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">10,313</font></p>












</td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>












</td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#8208;</font></p>












</td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">89,371</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">149,609</font></p>












</td>










</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Capital decrease in subsidiaries, associates and joint ventures</font></p>












</td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;">11</font></p>












</td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#8208;</font></p>












</td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>












</td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">572,004</font></p>












</td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#8208;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#8208;</font></p>












</td>










</tr>
<tr style="height: 17px;">
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Net cash consumed by subsidiaries' acquisition</font></p>












</td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>












</td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(173,298)</font></p>












</td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>












</td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#8208;</font></p>












</td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#8208;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(47,456)</font></p>












</td>










</tr>
<tr style="height: 10px; background-color: #cceeff;">
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Investment purchase and sale transactions and other assets</font></p>












</td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; height: 10px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>












</td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; height: 10px; background-color: #cceeff; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#8208;</font></p>












</td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; height: 10px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>












</td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; height: 10px; background-color: #cceeff; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#8208;</font></p>












</td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; height: 10px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; background-color: #cceeff; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#8208;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; background-color: #cceeff; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(38,143)</font></p>












</td>










</tr>
<tr style="height: 17px;">
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">Net cash provided (consumed) by investing activities</font></p>












</td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">&nbsp;</font></p>












</td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">(88,050)</font></p>












</td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">&nbsp;</font></p>












</td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">562,652</font></p>












</td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">(1,783,804)</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">145,545</font></p>












</td>










</tr>























</table>
<p style="margin: 0pt; break-after: avoid; break-inside: avoid;">&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'>14</font></font></td>









</tr>



















</table>
<hr class="horizontalLineRemoved" style="border-bottom-color: #000000; border-top-color: #000000; color: #000000; background-color: #000000;"></hr>
<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div>









</div>
<div style="width: 8.5in; margin: 0px auto; line-height: 1.2;">
<table style="font-family: 'times new roman'; width: 100%; height: 61px; border-collapse: collapse; font-size: 10pt;">

<tr style="height: 10px;">
<td style="height: 10px; vertical-align: bottom; width: 75%;" valign="bottom"><font style="color: #000000; font-family: 'times new roman', times; font-size: 12pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: bold; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; 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; line-height: inherit; display: inline !important;">Ultrapar Participa&#231;&#245;es S.A. and Subsidiaries</font></td>
<td style="height: 10px; width: 25%;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><img src="imgc0dec36d433f45a2aa5c.jpg" style="float: right;" alt="Graphics"></font></td>














</tr>
<tr style="height: 17px;">
<td style="height: 17px;"><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: 9.46667px; 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;">Statements of cash flows - indirect method</font></td>
<td style="height: 17px;"><br></td>














</tr>
<tr style="height: 17px;">
<td style="height: 17px;"><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;">For the periods ended March 31, 2024 and 2023</font></td>
<td style="height: 17px;"><br></td>














</tr>
<tr style="height: 17px;">
<td style="height: 17px; border-bottom-width: 1.5pt; border-bottom-style: solid; border-bottom-color: #000080 !important;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="color: #000000; font-style: italic; font-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;">(In thousands of Brazilian&nbsp;</font>Reais<font style="color: #000000; font-style: italic; font-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;">)</font></font></td>
<td style="height: 17px; border-bottom-width: 1.5pt; border-bottom-style: solid; border-bottom-color: #000080 !important;"></td>














</tr>





























</table>
<p style="margin: 0pt; break-after: avoid; break-inside: avoid;">&nbsp;</p>
<table cellspacing="0" cellpadding="0" style="height: 430px; font-family: 'times new roman'; border-collapse: collapse; margin-left: 0px; font-size: 10pt; width: 100%;" width="100%">

<tr style="height: 17px;">
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>












</td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">&#8206;</font></p>












</td>
<td colspan="6" style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">&nbsp;&nbsp;&nbsp; Parent&nbsp;&nbsp;&nbsp; </font></p>












</td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">&nbsp;</font></p>












</td>
<td colspan="3" style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">Consolidated</font></p>












</td>










</tr>
<tr style="height: 17px;">
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>












</td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">Note</font></p>












</td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">03/31/2024</font></p>












</td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">&nbsp;</font></p>












</td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">03/31/2023</font></p>












</td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">03/31/2024</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">03/31/2023</font></p>












</td>










</tr>
<tr style="height: 12px; background-color: #cceeff;">
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 12px; background-color: #cceeff; width: 50%;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">Cash flows from financing activities</font></p>












</td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; height: 12px; background-color: #cceeff; width: 7%; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>












</td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; height: 12px; background-color: #cceeff; width: 10%; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>












</td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; height: 12px; background-color: #cceeff; width: 1%; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>












</td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; height: 12px; background-color: #cceeff; width: 10%; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>












</td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; height: 12px; background-color: #cceeff; width: 1%; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 12px; background-color: #cceeff; width: 10%; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 12px; background-color: #cceeff; width: 1%; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 12px; background-color: #cceeff; width: 10%; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>












</td>










</tr>
<tr style="height: 17px;">
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">Loans, financing and debentures</font></p>












</td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>












</td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>












</td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>












</td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>












</td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>












</td>










</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Proceeds</font></p>












</td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;">15</font></p>












</td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#8208;</font></p>












</td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>












</td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#8208;</font></p>












</td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">1,348,933</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">1,708,600</font></p>












</td>










</tr>
<tr style="height: 17px;">
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Repayments</font></p>












</td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;">15</font></p>












</td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#8208;</font></p>












</td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>












</td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(1,725,000)</font></p>












</td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(136,596)</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(1,851,741)</font></p>












</td>










</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Interest and derivatives paid</font></p>












</td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;">15</font></p>












</td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">7,838</font></p>












</td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>












</td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(118,181)</font></p>












</td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(426,611)</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(292,319)</font></p>












</td>










</tr>
<tr style="height: 17px;">
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">Payments of lease</font></p>












</td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>












</td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>












</td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>












</td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>












</td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>












</td>










</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Principal</font></p>












</td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;">12.b</font></p>












</td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(523)</font></p>












</td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>












</td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(727)</font></p>












</td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(71,902)</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(82,089)</font></p>












</td>










</tr>
<tr style="height: 17px;">
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Interest paid</font></p>












</td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;">12.b</font></p>












</td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(247)</font></p>












</td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>












</td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">-</font></p>












</td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(48,423)</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(2,000)</font></p>












</td>










</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;&nbsp;&nbsp; Dividends paid</font></p>












</td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>












</td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(437,539)</font></p>












</td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>












</td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(108,615)</font></p>












</td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(437,525)</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(108,714)</font></p>












</td>










</tr>
<tr style="height: 17px;">
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;&nbsp;&nbsp; Proceeds from financial liabilities of customers</font></p>












</td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>












</td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#8208;</font></p>












</td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>












</td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#8208;</font></p>












</td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#8208;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">6,782</font></p>












</td>










</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;&nbsp;&nbsp; Payments of financial liabilities of customers</font></p>












</td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>












</td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#8208;</font></p>












</td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>












</td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#8208;</font></p>












</td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(40,575)</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(47,417)</font></p>












</td>










</tr>
<tr style="height: 17px;">
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;&nbsp;&nbsp; Capital decrease</font></p>












</td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>












</td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#8208;</font></p>












</td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>












</td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#8208;</font></p>












</td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#8208;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(26)</font></p>












</td>










</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;&nbsp;&nbsp; Related parties</font></p>












</td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>












</td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; height: 17px; background-color: #cceeff; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(200)</font></p>












</td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>












</td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; height: 17px; background-color: #cceeff; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(4,576)</font></p>












</td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; background-color: #cceeff; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(8,396)</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; background-color: #cceeff; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">411</font></p>












</td>










</tr>
<tr style="height: 17px;">
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-indent: 0.4pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">Net cash consumed by financing activities</font></p>












</td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">&nbsp;</font></p>












</td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">(430,671)</font></p>












</td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">&nbsp;</font></p>












</td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">(1,957,099)</font></p>












</td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">178,905</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">(668,513)</font></p>












</td>










</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;" colspan="2"><b style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; 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 style="color: black; line-height: inherit;">Effect of exchange rate changes on cash and cash equivalents in foreign currency</font></b></td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; background-color: #cceeff; vertical-align: bottom;" colspan="2" valign="bottom"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; background-color: #cceeff; text-align: right; vertical-align: bottom;" colspan="2" valign="bottom"><font style="color: #000000; font-family: 'times new roman', times; 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; float: none; display: inline !important;">&#8208;</font><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: 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;</font></td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; background-color: #cceeff; text-align: right; vertical-align: bottom;" colspan="2" valign="bottom"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; background-color: #cceeff; text-align: right; vertical-align: bottom;" colspan="2" valign="bottom"><font style="color: #000000; font-family: 'times new roman', times; 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; float: none; display: inline !important;">&#8208;</font><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: 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;</font></td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; background-color: #cceeff; text-align: right; vertical-align: bottom;" colspan="2" valign="bottom"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; background-color: #cceeff; text-align: right; vertical-align: bottom;" valign="bottom"><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: 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></td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; background-color: #cceeff; text-align: right; vertical-align: bottom;" valign="bottom"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; background-color: #cceeff; text-align: right; vertical-align: bottom;" valign="bottom"><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: 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;">(25,735)</font></td>










</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;" colspan="2"><font style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: bold; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0.533333px; 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;">Decrease in cash and cash equivalents</font></td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" colspan="2" valign="bottom"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; text-align: right; vertical-align: bottom;" colspan="2" valign="bottom"><font style="color: #000000; font-family: 'times new roman', times; 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; float: none; display: inline !important;">(104,312)</font><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: 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;</font></td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; text-align: right; vertical-align: bottom;" colspan="2" valign="bottom"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; text-align: right; vertical-align: bottom;" colspan="2" valign="bottom"><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: 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;">(481,199)</font></td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; text-align: right; vertical-align: bottom;" colspan="2" valign="bottom"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; text-align: right; vertical-align: bottom;" valign="bottom"><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: 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;">(2,178,136)</font></td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; text-align: right; vertical-align: bottom;" valign="bottom"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; text-align: right; vertical-align: bottom;" valign="bottom"><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: 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;">(1,259,955)</font></td>










</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;" colspan="2"><font style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: bold; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0.533333px; 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;">Cash and cash equivalents at the beginning of the period</font></td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; background-color: #cceeff; text-align: center; vertical-align: bottom;" colspan="2" valign="bottom"><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: 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;">4.a</font></td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; background-color: #cceeff; text-align: right; vertical-align: bottom;" colspan="2" valign="bottom"><font style="color: #000000; font-family: 'times new roman', times; 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; float: none; display: inline !important;">412,840</font><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: 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;</font></td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; background-color: #cceeff; text-align: right; vertical-align: bottom;" colspan="2" valign="bottom"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; background-color: #cceeff; text-align: right; vertical-align: bottom;" colspan="2" valign="bottom"><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: 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;">605,461</font></td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; background-color: #cceeff; text-align: right; vertical-align: bottom;" colspan="2" valign="bottom"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; background-color: #cceeff; text-align: right; vertical-align: bottom;" valign="bottom"><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: 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;">5,925,688</font></td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; background-color: #cceeff; text-align: right; vertical-align: bottom;" valign="bottom"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; background-color: #cceeff; text-align: right; vertical-align: bottom;" valign="bottom"><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: 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;">5,621,769</font></td>










</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;" colspan="2"><font style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: bold; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0.533333px; 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;">Cash and cash equivalents at the end of the period</font></td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; text-align: center; vertical-align: bottom;" colspan="2" valign="bottom"><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: 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;">4.a</font></td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; text-align: right; vertical-align: bottom;" colspan="2" valign="bottom"><font style="color: #000000; font-family: 'times new roman', times; 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; float: none; display: inline !important;">308,528</font><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: 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;</font></td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; text-align: right; vertical-align: bottom;" colspan="2" valign="bottom"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; text-align: right; vertical-align: bottom;" colspan="2" valign="bottom"><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: 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;">124,262</font></td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; text-align: right; vertical-align: bottom;" colspan="2" valign="bottom"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; text-align: right; vertical-align: bottom;" valign="bottom"><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: 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;">3,747,552</font></td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; text-align: right; vertical-align: bottom;" valign="bottom"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; text-align: right; vertical-align: bottom;" valign="bottom"><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: 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;">4,361,814</font></td>










</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">Non-cash transactions:</font></p>












</td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>












</td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>












</td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>












</td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>












</td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>












</td>










</tr>
<tr style="height: 17px;">
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Addition on right-of-use assets and leases payable</font></p>












</td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>












</td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#8208;</font></p>












</td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>












</td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#8208;</font></p>












</td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">68,326</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">134,825</font></p>












</td>










</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Addition on contractual assets with customers - exclusivity rights</font></p>












</td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>












</td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#8208;</font></p>












</td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>












</td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#8208;</font></p>












</td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">16,194</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">49,821</font></p>












</td>










</tr>
<tr style="height: 17px;">
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Transfer between trade receivables and property, plant and equipment</font></p>












</td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>












</td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#8208;</font></p>












</td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>












</td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#8208;</font></p>












</td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">4,355</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#8208;</font></p>












</td>










</tr>
<tr style="height: 10px; background-color: #cceeff;">
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt; line-height: 1.2;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Issuance of shares related to the subscription warrants - indemnification - Extrafarma acquisition</font></p>












</td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; height: 10px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>












</td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; height: 10px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#8208;</font></p>












</td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; height: 10px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>












</td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; height: 10px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#8208;</font></p>












</td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; height: 10px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">5,460</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">411</font></p>












</td>










</tr>
<tr style="height: 17px;">
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Acquisition of property, plant and equipment and intangible assets without cash effect</font></p>












</td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>












</td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#8208;</font></p>












</td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>












</td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#8208;</font></p>












</td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">9,046</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">8,514</font></p>












</td>










</tr>























</table>
<p style="margin: 0pt; break-after: avoid; break-inside: avoid;">&nbsp;</p>
<p style="font-family: 'times new roman', times; margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">The accompanying notes are an integral part of the interim financial information.</font></p>
<p style="margin: 0pt; break-after: avoid; break-inside: avoid;">&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'>15</font></font></td>









</tr>



















</table>
<hr class="horizontalLineRemoved" style="border-bottom-color: #000000; border-top-color: #000000; color: #000000; background-color: #000000;"></hr>
<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div>









</div>










</div><div style="font-family: 'times new roman', times; font-size: 10pt;">
<div style="width: 8.5in; margin: 0 auto;">
<table style="width: 100%; height: 54px; border-collapse: collapse; font-family: 'times new roman'; font-size: 10pt;">

<tr style="height: 10px;">
<td style="height: 10px; vertical-align: bottom; width: 75%;" valign="bottom"><font style="color: #000000; font-family: 'times new roman', times; font-size: 12pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: bold; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; 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; line-height: inherit; display: inline !important;">Ultrapar Participa&#231;&#245;es S.A. and Subsidiaries</font></td>
<td style="height: 10px; width: 25%;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><img src="imgc0dec36d433f45a2aa5c.jpg" style="float: right;" alt="Graphics"></font></td>








</tr>
<tr style="height: 17px;">
<td style="height: 17px;"><br></td>
<td style="height: 17px;"><br></td>








</tr>
<tr style="height: 17px;">
<td style="height: 17px;"><a style="text-decoration: none; color: #000000; cursor: default; outline: none; pointer-events: none;" href="#TOC" name="BVA_34202414541840" class="customBookmark"><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; float: none; display: inline !important;">Statements of value added</font></a></td>
<td style="height: 17px;"><br></td>








</tr>
<tr style="height: 10px;">
<td style="border-bottom-width: 1.5pt; border-bottom-style: solid; border-bottom-color: #000080 !important; height: 10px;"><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;">For the periods ended March 31, 2024 and 2023</font></td>
<td style="border-bottom-width: 1.5pt; border-bottom-style: solid; border-bottom-color: #000080 !important; height: 10px;"><br></td>








</tr>





















</table>
<p style="margin: 0pt;"><font style="font-family: Arial; font-size: 6pt;">&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: 785px;" width="100%">

<tr style="height: 10px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">&#8206;</font></p>










</td>
<td colspan="3" style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">Parent</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">&nbsp;</font></p>










</td>
<td colspan="3" style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">Consolidated</font></p>










</td>








</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">Note</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">03/31/2024</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">&nbsp;</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">03/31/2023</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">&nbsp;</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">03/31/2024</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">&nbsp;</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">03/31/2023</font></p>










</td>








</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 49%; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">Revenues</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 8%; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>










</td>
<td style="vertical-align: middle; height: 17px; width: 10%; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>










</td>
<td style="vertical-align: middle; height: 17px; width: 1%; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>










</td>
<td style="vertical-align: middle; height: 17px; width: 10%; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>










</td>
<td style="vertical-align: middle; height: 17px; width: 1%; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>










</td>
<td style="vertical-align: middle; height: 17px; width: 10%; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>










</td>
<td style="vertical-align: middle; height: 17px; width: 1%; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>










</td>
<td style="vertical-align: middle; height: 17px; width: 10%; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>










</td>








</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Gross revenue from sales and services, except rents and royalties</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#8208;</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#8208;</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">31,629,465</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">31,359,944</font></p>










</td>








</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Rebates, discounts and returns</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#8208;</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#8208;</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(249,380)</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(232,384)</font></p>










</td>








</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Allowance for expected credit losses</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;">5</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#8208;</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#8208;</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(14,680)</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">12,327</font></p>










</td>








</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Amortization of contractual assets with customers - exclusivity rights</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;">10</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#8208;</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#8208;</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(132,658)</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(132,138)</font></p>










</td>








</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Gain (loss) on disposal of assets and other operating income (expenses), net</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><br></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">35,260</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(172)</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(95,600)</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(80,433)</font></p>










</td>








</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">&nbsp;</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">35,260</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(172)</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">31,137,147</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">30,927,316</font></p>










</td>








</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">Materials purchased from third parties</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>










</td>








</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Raw materials used</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#8208;</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#8208;</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(644,337)</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(358,458)</font></p>










</td>








</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Cost of products and services sold</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#8208;</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#8208;</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(27,788,438)</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(28,534,673)</font></p>










</td>








</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Materials, energy, third-party services and others</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">48,556</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">48,238</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(325,076)</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(353,584)</font></p>










</td>








</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Provision for assets losses</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#8208;</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#8208;</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">-</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">7,537</font></p>










</td>








</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">48,556</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">48,238</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(28,757,851)</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(29,239,178)</font></p>










</td>








</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">Gross value added</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">83,816</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">48,066</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">2,379,296</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">1,688,138</font></p>










</td>








</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">Retentions</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>










</td>








</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Depreciation and amortization of intangible assets and right-of-use assets</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;">12.a; 13; 14</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(3,726)</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(2,879)</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(279,775)</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(271,409)</font></p>










</td>








</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">Net value added produced by the Company</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">80,090</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">45,187</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">2,099,521</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">1,416,729</font></p>










</td>








</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">Value added received in transfer</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>










</td>








</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Share of profit (loss) of subsidiaries, joint ventures and associates</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;">11</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">415,378</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">287,229</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(3,084)</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">10,448</font></p>










</td>








</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Rents and royalties</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#8208;</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#8208;</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">78,826</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">76,995</font></p>










</td>








</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Financial income</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;">23</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">19,746</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">35,092</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">160,195</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">190,447</font></p>










</td>








</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">435,124</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">322,321</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">235,937</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">277,890</font></p>










</td>








</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">Total value added available for distribution</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">515,214</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">367,508</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">2,335,458</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">1,694,619</font></p>










</td>








</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">Distribution of value added</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>










</td>








</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Personnel and related charges</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>










</td>
<td style="vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>










</td>
<td style="vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>










</td>








</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt 0pt 0pt 10pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.4pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Salaries and wages</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">39,334</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">35,729</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">359,182</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">330,697</font></p>










</td>








</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt 0pt 0pt 10pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.4pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Benefits</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">5,787</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">6,067</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">110,577</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">99,512</font></p>










</td>








</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt 0pt 0pt 10pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.4pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Government Severance Indemnity Fund for Employees (FGTS)</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">1,696</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">2,357</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">26,998</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">23,754</font></p>










</td>








</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt 0pt 0pt 10pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.4pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Others</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">3,972</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">925</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">29,907</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">21,075</font></p>










</td>








</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">50,789</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">45,078</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">526,664</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">475,038</font></p>










</td>








</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Taxes, fees, and contributions</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>










</td>








</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt 0pt 0pt 10pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.4pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Federal</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">12,978</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">11,325</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">726,119</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">341,607</font></p>










</td>








</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt 0pt 0pt 10pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.4pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">State</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#8208;</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">-</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">132,058</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">89,825</font></p>










</td>








</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt 0pt 0pt 10pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.4pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Municipal</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">47</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">6</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">42,119</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">34,704</font></p>










</td>








</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt 0pt 0pt 10pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.4pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">13,025</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">11,331</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">900,296</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">466,136</font></p>










</td>








</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Financial expenses and rents</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>










</td>








</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt 0pt 0pt 10pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.4pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Interest, effect of exchange rate changes and financial instruments</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">476</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">45,534</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">385,750</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">389,351</font></p>










</td>








</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt 0pt 0pt 10pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.4pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Rents</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">1,979</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">979</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">22,851</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">33,041</font></p>










</td>








</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt 0pt 0pt 10pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.4pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Others</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">17,471</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">2,521</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">44,451</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">57,228</font></p>










</td>








</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt 0pt 0pt 10pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.4pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">19,926</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">49,034</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">453,052</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">479,620</font></p>










</td>








</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Remuneration of own capital</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>










</td>








</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt 0pt 0pt 10pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.4pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Dividends</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#8208;</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#8208;</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#8208;</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">192</font></p>










</td>








</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt 0pt 0pt 10pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.4pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Retained earnings</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">431,474</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">262,065</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">455,446</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">273,633</font></p>










</td>








</tr>
<tr style="height: 10px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px;">
<p style="margin: 0pt 0pt 0pt 10pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.4pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">431,474</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">262,065</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">455,446</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">273,825</font></p>










</td>








</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">Value added distributed</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">515,214</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">367,508</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">2,335,458</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">1,694,619</font></p>










</td>








</tr>



















</table>
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; widows: 0;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; widows: 0;"><font style="font-family: Arial; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">The accompanying notes are an integral part of the interim financial information</font>.</font></p>
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; widows: 0;"><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'>16</font></font></td>







</tr>















</table>
<hr class="horizontalLineRemoved" style="border-bottom-color: #000000; border-top-color: #000000; color: #000000; background-color: #000000;"></hr>
<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div>







</div>







</div><div style="font-family: 'times new roman', times; font-size: 10pt;">
<div style="line-height: 1.2;">
<div style="width: 8.5in; margin: 0 auto;">
<table style="font-size: 10pt; width: 100%; height: 30px; border-collapse: collapse; font-family: 'times new roman';">

<tr style="height: 10px;">
<td style="height: 10px; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times; font-size: 12pt; font-weight: bold; float: none; line-height: inherit; display: inline !important;">Ultrapar Participa&#231;&#245;es S.A. and Subsidiaries</font></td>
<td style="height: 10px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><img src="imgc0dec36d433f45a2aa5c.jpg" style="float: right;" alt="Graphics"></font></td>





















</tr>
<tr style="height: 10px;">
<td style="height: 10px;">
<p style="margin: 2pt 0in 0in; text-align: justify; font-size: 11pt; font-family: 'Times New Roman', serif;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">
















<b style="mso-bidi-font-weight: normal;">Notes to the interim financial information</b>


</font></p>





















</td>
<td style="height: 10px;"><br></td>





















</tr>
<tr style="height: 10px;">
<td style="font-size: 10pt; height: 10px; width: 75%; border-bottom-width: 1.5pt; border-bottom-style: solid; border-bottom-color: #000080 !important;">
<p style="margin: 2pt 0in 0.0001pt; text-align: justify; font-size: 11pt; font-family: 'Times New Roman', 'serif';"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><b style="mso-bidi-font-weight: normal;">For the period ended March 31, 2024</b></font><b><font style="font-size: 9pt; font-family: Arial, 'sans-serif'; line-height: inherit;"></font></b></p>





















</td>
<td style="height: 10px; border-bottom-width: 1.5pt; border-bottom-style: solid; border-bottom-color: #000080 !important;"><br></td>





















</tr>











































</table>
<div style="background-color: #002060; margin: 12pt 0pt 0pt; break-after: avoid; break-inside: avoid; text-align: justify; line-height: 1.2;"><a style="text-decoration: none; color: #000000; cursor: default; outline: none; pointer-events: none;" href="#TOC" name="Ba1_342024144224166" class="customBookmark"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><font style="color: #ffffff; font-weight: bold; line-height: inherit;">1. Operations</font></font></a></div>
<p style="margin: 0pt; break-after: avoid; break-inside: avoid; text-align: justify; line-height: 1.2;"><br></p>
<p style="margin: 0pt; break-after: avoid; break-inside: avoid; text-align: justify; line-height: 1.2;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Ultrapar Participa&#231;&#245;es S.A. (&#8220;Ultrapar&#8221; or &#8220;Company&#8221;) is a publicly-traded company headquartered at the Brigadeiro Lu&#237;s Ant&#244;nio Avenue, 1343 in the city of S&#227;o Paulo &#8211; SP, Brazil, listed on B3 S.A. Brasil, Bolsa, Balc&#227;o (&#8220;B3&#8221;), in the Novo Mercado listing segment under the ticker &#8220;UGPA3&#8221; and on the New York Stock Exchange (&#8220;NYSE&#8221;) in the form of level III American Depositary Receipts (&#8220;ADRs&#8221;) under the ticker &#8220;UGP&#8221;.</font></p>
<p style="margin: 0pt; break-after: avoid; break-inside: avoid; text-align: justify; line-height: 1.2;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; break-after: avoid; break-inside: avoid; text-align: justify; line-height: 1.2;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">The Company engages in the investment of its own capital in services, commercial and industrial activities, through the subscription or acquisition of shares of other companies. Through its subsidiaries, it operates on liquefied petroleum gas &#8211; LPG distribution (&#8220;Ultragaz&#8221;), fuel distribution and related businesses (&#8220;Ipiranga&#8221; or &#8220;IPP&#8221;) and storage services for liquid bulk (&#8220;Ultracargo&#8221;). The information on segments is disclosed in Note 25.a. </font></p>
<p style="margin: 0pt; break-after: avoid; break-inside: avoid; text-align: justify; line-height: 1.2;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; break-after: avoid; break-inside: avoid; text-align: justify; line-height: 1.2;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">This interim financial information was authorized for issuance by the Board of Directors on May 8, 2024.</font></p>
<p style="margin: 0pt; break-after: avoid; break-inside: avoid; text-align: justify; line-height: 1.2;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; break-after: avoid; break-inside: avoid; line-height: 1.2;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><font style="font-weight: bold; line-height: inherit;">a. Principles of consolidation and interest in subsidiaries</font> </font></p>
<p style="margin: 0pt; break-after: avoid; break-inside: avoid; line-height: 1.2;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 2pt 0pt 0pt; break-after: avoid; break-inside: avoid; line-height: 1.2;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">a.1 Principles of consolidation</font></p>
<p style="margin: 0pt; break-after: avoid; break-inside: avoid; line-height: 1.2;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; break-after: avoid; break-inside: avoid; text-align: justify; line-height: 1.2;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">In the preparation of the consolidated interim financial information the investments of one company in another, balances of asset and liability accounts, revenues transactions, costs and expenses were eliminated, as well as the effects of transactions conducted between the companies. Non-controlling interests in subsidiaries are presented within consolidated equity and net income.</font></p>
<p style="margin: 0pt; break-after: avoid; break-inside: avoid; text-align: justify; line-height: 1.2;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; break-after: avoid; break-inside: avoid; text-align: justify; line-height: 1.2;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Consolidation of a subsidiary begins when the Company obtains direct or indirect control over an entity and ceases when the company loses control. Income and expenses of a subsidiary acquired are included in the consolidated statements of income and of comprehensive income from the date the Company gains the control. Income and expenses of a subsidiary, in which the Company loses control, are included in the consolidated statements of income and of&nbsp; comprehensive income until the date the Company loses control.</font></p>
<p style="margin: 0pt; break-after: avoid; break-inside: avoid; text-align: justify; line-height: 1.2;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; break-after: avoid; break-inside: avoid; text-align: justify; line-height: 1.2;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">When necessary, adjustments are made to the financial information of subsidiaries to bring their accounting policies into line with the Company&#8217;s accounting policies.</font></p>














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<p style="margin: 0pt; text-align: right; line-height: 1.2;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
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<td class="pgno" style="padding: 0px; text-align: center;"><font style="font-size: 10pt; line-height: inherit;" class="pageno"><font class='pageno'>17</font></font></td>




















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<td style="height: 10px; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times; font-size: 12pt; font-weight: bold; float: none; line-height: inherit; display: inline !important;">Ultrapar Participa&#231;&#245;es S.A. and Subsidiaries</font></td>
<td style="height: 10px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><img src="imgc0dec36d433f45a2aa5c.jpg" style="float: right;" alt="Graphics"></font></td>
















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<p style="margin: 2pt 0in 0in; text-align: justify; font-size: 11pt; font-family: 'Times New Roman', serif;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">
















<b>Notes to the interim financial information</b>


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<p style="margin: 2pt 0in 0.0001pt; text-align: justify; font-size: 11pt; font-family: 'Times New Roman', 'serif';"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><b>For the period ended March 31, 2024</b></font><b><font style="font-size: 9pt; font-family: Arial, 'sans-serif'; line-height: inherit;"></font></b></p>
















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<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><font style="font-style: italic; font-weight: bold; line-height: inherit;">&nbsp;</font></font></p>
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><font style="font-style: italic; font-weight: bold; line-height: inherit;">a.2. Interest in subsidiaries</font></font><br><font style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">&nbsp;&nbsp;</font></p>
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: justify; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">The consolidated interim financial information includes the following direct and indirect subsidiaries:</font></p>
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: justify; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
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<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><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; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: center; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>























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<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: center; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>























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<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>























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<td colspan="7" style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: center; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">% interest in the share capital</font></p>























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<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: center; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>























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<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>























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<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: center; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">03/31/2024</font></p>























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<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>























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<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: center; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">12/31/2023</font></p>























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<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><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; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: center; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>























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<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: center; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>























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<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>























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<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: center; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">Control</font></p>























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<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>























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<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: center; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">Control</font></p>























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<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 16px;">
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<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><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; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: center; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">Location</font></p>























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<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: center; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">Segment</font></p>























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<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>























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<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: center; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">Direct</font></p>























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<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>























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<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: center; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">Indirect</font></p>























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<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>























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<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: center; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">Direct</font></p>























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<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>























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<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: center; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">Indirect</font></p>























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<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Ultrapar Mobilidade Ltda.<font style="vertical-align: super; line-height: inherit; font-size: 8pt;">(4)</font></font></p>























</td>
<td style="padding-left: 0px; padding-right: 0px; background-color: #cceeff; height: 18px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 1%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>























</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; background-color: #cceeff; height: 18px; vertical-align: bottom; width: 10%;" valign="bottom">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: center; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Brazil</font></p>























</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; background-color: #cceeff; height: 18px; vertical-align: bottom; width: 10%;" valign="bottom">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: center; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Ipiranga </font></p>























</td>
<td style="padding-left: 0px; padding-right: 0px; background-color: #cceeff; height: 18px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 1%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>























</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; background-color: #cceeff; height: 18px; vertical-align: bottom; width: 10%;" valign="bottom">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: right; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">100</font></p>























</td>
<td style="padding-left: 0px; padding-right: 0px; background-color: #cceeff; height: 18px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 1%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>























</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; background-color: #cceeff; height: 18px; vertical-align: bottom; width: 10%;" valign="bottom">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: right; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">-</font></p>























</td>
<td style="padding-left: 0px; padding-right: 0px; background-color: #cceeff; height: 18px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 1%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>























</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; background-color: #cceeff; height: 18px; vertical-align: bottom; width: 10%;" valign="bottom">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: right; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">100</font></p>























</td>
<td style="padding-left: 0px; padding-right: 0px; background-color: #cceeff; height: 18px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 1%;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>























</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; background-color: #cceeff; height: 18px; vertical-align: bottom; width: 10%;" valign="bottom">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: right; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">-</font></p>























</td>





















</tr>
<tr style="height: 18px;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 18px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt 0pt 0pt 10.45pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Serra Diesel Transportador Revendedor Retalhista Ltda.<font style="vertical-align: super; line-height: inherit; font-size: 8pt;">(8)</font></font></p>























</td>
<td style="padding-left: 0px; padding-right: 0px; height: 18px; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>























</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 18px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: center; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Brazil</font></p>























</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 18px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: center; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Ipiranga </font></p>























</td>
<td style="padding-left: 0px; padding-right: 0px; height: 18px; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>























</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 18px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: right; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">-</font></p>























</td>
<td style="padding-left: 0px; padding-right: 0px; height: 18px; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>























</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 18px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: right; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">60</font></p>























</td>
<td style="padding-left: 0px; padding-right: 0px; height: 18px; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>























</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 18px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: right; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">-</font></p>























</td>
<td style="padding-left: 0px; padding-right: 0px; height: 18px; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>























</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 18px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: right; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">60</font></p>























</td>





















</tr>
<tr style="height: 18px; background-color: #cceeff;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; background-color: #cceeff; height: 18px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt 0pt 0pt 10.45pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Centro de Conveni&#234;ncias Millennium Ltda. and subsidiaries<font style="vertical-align: super; line-height: inherit; font-size: 8pt;">(9)</font></font></p>























</td>
<td style="padding-left: 0px; padding-right: 0px; background-color: #cceeff; height: 18px; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>























</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; background-color: #cceeff; height: 18px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: center; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Brazil</font></p>























</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; background-color: #cceeff; height: 18px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: center; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Ipiranga </font></p>























</td>
<td style="padding-left: 0px; padding-right: 0px; background-color: #cceeff; height: 18px; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>























</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; background-color: #cceeff; height: 18px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: right; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">-</font></p>























</td>
<td style="padding-left: 0px; padding-right: 0px; background-color: #cceeff; height: 18px; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>























</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; background-color: #cceeff; height: 18px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: right; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">100</font></p>























</td>
<td style="padding-left: 0px; padding-right: 0px; background-color: #cceeff; height: 18px; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>























</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; background-color: #cceeff; height: 18px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: right; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">-</font></p>























</td>
<td style="padding-left: 0px; padding-right: 0px; background-color: #cceeff; height: 18px; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>























</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; background-color: #cceeff; height: 18px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: right; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">100</font></p>























</td>





















</tr>
<tr style="height: 10px;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt 0pt 0pt 10.45pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Ipiranga Produtos de Petr&#243;leo S.A.<font style="vertical-align: super; line-height: inherit; font-size: 8pt;">(12)</font></font></p>























</td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>























</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: center; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Brazil</font></p>























</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: center; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Ipiranga </font></p>























</td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>























</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: right; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">-</font></p>























</td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>























</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: right; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">100</font></p>























</td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>























</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: right; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">100</font></p>























</td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>























</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: right; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">-</font></p>























</td>





















</tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; background-color: #cceeff; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt 0pt 0pt 10.75pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-indent: 11pt; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">am/pm Comest&#237;veis Ltda.</font></p>























</td>
<td style="padding-left: 0px; padding-right: 0px; background-color: #cceeff; height: 16px; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>























</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; background-color: #cceeff; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: center; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Brazil</font></p>























</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; background-color: #cceeff; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: center; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Ipiranga </font></p>























</td>
<td style="padding-left: 0px; padding-right: 0px; background-color: #cceeff; height: 16px; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>























</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; background-color: #cceeff; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: right; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">-</font></p>























</td>
<td style="padding-left: 0px; padding-right: 0px; background-color: #cceeff; height: 16px; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>























</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; background-color: #cceeff; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: right; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">100</font></p>























</td>
<td style="padding-left: 0px; padding-right: 0px; background-color: #cceeff; height: 16px; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>























</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; background-color: #cceeff; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: right; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">-</font></p>























</td>
<td style="padding-left: 0px; padding-right: 0px; background-color: #cceeff; height: 16px; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>























</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; background-color: #cceeff; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: right; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">100</font></p>























</td>





















</tr>
<tr style="height: 18px;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 18px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt 0pt 0pt 10.75pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-indent: 20.8pt; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Glazed Brasil S.A.<font style="vertical-align: super; line-height: inherit; font-size: 8pt;">(15)</font></font></p>























</td>
<td style="padding-left: 0px; padding-right: 0px; height: 18px; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>























</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 18px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: center; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Brazil</font></p>























</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 18px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: center; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Ipiranga </font></p>























</td>
<td style="padding-left: 0px; padding-right: 0px; height: 18px; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>























</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 18px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: right; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">-</font></p>























</td>
<td style="padding-left: 0px; padding-right: 0px; height: 18px; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>























</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 18px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: right; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">100</font></p>























</td>
<td style="padding-left: 0px; padding-right: 0px; height: 18px; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>























</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 18px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: right; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">-</font></p>























</td>
<td style="padding-left: 0px; padding-right: 0px; height: 18px; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>























</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 18px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: right; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">-</font></p>























</td>





















</tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; background-color: #cceeff; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt 0pt 0pt 10.75pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-indent: 11pt; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Icorban - Correspondente Banc&#225;rio Ltda. </font></p>























</td>
<td style="padding-left: 0px; padding-right: 0px; background-color: #cceeff; height: 16px; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>























</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; background-color: #cceeff; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: center; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Brazil</font></p>























</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; background-color: #cceeff; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: center; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Ipiranga </font></p>























</td>
<td style="padding-left: 0px; padding-right: 0px; background-color: #cceeff; height: 16px; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>























</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; background-color: #cceeff; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: right; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">-</font></p>























</td>
<td style="padding-left: 0px; padding-right: 0px; background-color: #cceeff; height: 16px; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>























</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; background-color: #cceeff; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: right; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">100</font></p>























</td>
<td style="padding-left: 0px; padding-right: 0px; background-color: #cceeff; height: 16px; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>























</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; background-color: #cceeff; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: right; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">-</font></p>























</td>
<td style="padding-left: 0px; padding-right: 0px; background-color: #cceeff; height: 16px; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>























</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; background-color: #cceeff; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: right; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">100</font></p>























</td>





















</tr>
<tr style="height: 10px;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt 0pt 0pt 10.75pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-indent: 11pt; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Ipiranga Trading Limited</font></p>























</td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>























</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: center; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">British Virgin Islands</font></p>























</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: center; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Ipiranga </font></p>























</td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>























</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: right; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">-</font></p>























</td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>























</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: right; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">100</font></p>























</td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>























</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: right; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">-</font></p>























</td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>























</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: right; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">100</font></p>























</td>





















</tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; background-color: #cceeff; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt 0pt 0pt 10.75pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-indent: 11pt; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Tropical Transportes Ipiranga Ltda.</font></p>























</td>
<td style="padding-left: 0px; padding-right: 0px; background-color: #cceeff; height: 16px; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>























</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; background-color: #cceeff; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: center; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Brazil</font></p>























</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; background-color: #cceeff; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: center; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Ipiranga </font></p>























</td>
<td style="padding-left: 0px; padding-right: 0px; background-color: #cceeff; height: 16px; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>























</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; background-color: #cceeff; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: right; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">-</font></p>























</td>
<td style="padding-left: 0px; padding-right: 0px; background-color: #cceeff; height: 16px; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>























</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; background-color: #cceeff; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: right; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">100</font></p>























</td>
<td style="padding-left: 0px; padding-right: 0px; background-color: #cceeff; height: 16px; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>























</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; background-color: #cceeff; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: right; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">-</font></p>























</td>
<td style="padding-left: 0px; padding-right: 0px; background-color: #cceeff; height: 16px; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>























</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; background-color: #cceeff; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: right; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">100</font></p>























</td>





















</tr>
<tr style="height: 16px;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt 0pt 0pt 10.75pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-indent: 11pt; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Ipiranga Imobili&#225;ria Ltda.</font></p>























</td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>























</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: center; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Brazil</font></p>























</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: center; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Ipiranga </font></p>























</td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>























</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: right; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">-</font></p>























</td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>























</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: right; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">100</font></p>























</td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>























</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: right; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">-</font></p>























</td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>























</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: right; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">100</font></p>























</td>





















</tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; background-color: #cceeff; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt 0pt 0pt 10.75pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-indent: 11pt; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Ipiranga Log&#237;stica Ltda.</font></p>























</td>
<td style="padding-left: 0px; padding-right: 0px; background-color: #cceeff; height: 16px; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>























</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; background-color: #cceeff; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: center; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Brazil</font></p>























</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; background-color: #cceeff; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: center; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Ipiranga </font></p>























</td>
<td style="padding-left: 0px; padding-right: 0px; background-color: #cceeff; height: 16px; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>























</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; background-color: #cceeff; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: right; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">-</font></p>























</td>
<td style="padding-left: 0px; padding-right: 0px; background-color: #cceeff; height: 16px; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>























</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; background-color: #cceeff; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: right; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">100</font></p>























</td>
<td style="padding-left: 0px; padding-right: 0px; background-color: #cceeff; height: 16px; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>























</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; background-color: #cceeff; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: right; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">-</font></p>























</td>
<td style="padding-left: 0px; padding-right: 0px; background-color: #cceeff; height: 16px; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>























</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; background-color: #cceeff; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: right; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">100</font></p>























</td>





















</tr>
<tr style="height: 16px;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt 0pt 0pt 9.35pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-indent: 11pt; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Oil Trading Importadora e Exportadora Ltda.</font></p>























</td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>























</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: center; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Brazil</font></p>























</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: center; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Ipiranga </font></p>























</td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>























</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: right; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">-</font></p>























</td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>























</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: right; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">100</font></p>























</td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>























</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: right; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">-</font></p>























</td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>























</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: right; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">100</font></p>























</td>





















</tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; background-color: #cceeff; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt 0pt 0pt 10.75pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-indent: 11pt; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Iconic Lubrificantes S.A. </font></p>























</td>
<td style="padding-left: 0px; padding-right: 0px; background-color: #cceeff; height: 16px; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>























</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; background-color: #cceeff; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: center; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Brazil</font></p>























</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; background-color: #cceeff; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: center; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Ipiranga </font></p>























</td>
<td style="padding-left: 0px; padding-right: 0px; background-color: #cceeff; height: 16px; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>























</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; background-color: #cceeff; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: right; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">-</font></p>























</td>
<td style="padding-left: 0px; padding-right: 0px; background-color: #cceeff; height: 16px; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>























</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; background-color: #cceeff; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: right; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">56</font></p>























</td>
<td style="padding-left: 0px; padding-right: 0px; background-color: #cceeff; height: 16px; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>























</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; background-color: #cceeff; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: right; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">-</font></p>























</td>
<td style="padding-left: 0px; padding-right: 0px; background-color: #cceeff; height: 16px; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>























</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; background-color: #cceeff; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: right; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">56</font></p>























</td>





















</tr>
<tr style="height: 16px;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt 0pt 0pt 10.75pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-indent: 11pt; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Integra Frotas Ltda.</font></p>























</td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>























</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: center; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Brazil</font></p>























</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: center; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Ipiranga </font></p>























</td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>























</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: right; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">-</font></p>























</td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>























</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: right; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">100</font></p>























</td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>























</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: right; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">-</font></p>























</td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>























</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: right; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">100</font></p>























</td>





















</tr>
<tr style="height: 21px; background-color: #cceeff;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; background-color: #cceeff; height: 21px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt 0pt 0pt 10.75pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-indent: 11pt; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Irup&#233; Biocombust&#237;veis Ltda.<font style="vertical-align: super; line-height: inherit; font-size: 8pt;">(10)</font></font></p>























</td>
<td style="padding-left: 0px; padding-right: 0px; background-color: #cceeff; height: 21px; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>























</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; background-color: #cceeff; height: 21px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: center; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Brazil</font></p>























</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; background-color: #cceeff; height: 21px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: center; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Ipiranga </font></p>























</td>
<td style="padding-left: 0px; padding-right: 0px; background-color: #cceeff; height: 21px; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>























</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; background-color: #cceeff; height: 21px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: right; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">-</font></p>























</td>
<td style="padding-left: 0px; padding-right: 0px; background-color: #cceeff; height: 21px; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>























</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; background-color: #cceeff; height: 21px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: right; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">100</font></p>























</td>
<td style="padding-left: 0px; padding-right: 0px; background-color: #cceeff; height: 21px; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>























</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; background-color: #cceeff; height: 21px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: right; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">-</font></p>























</td>
<td style="padding-left: 0px; padding-right: 0px; background-color: #cceeff; height: 21px; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>























</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; background-color: #cceeff; height: 21px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: right; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">-</font></p>























</td>





















</tr>
<tr style="height: 10px;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt 0pt 0pt 10.75pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-indent: 11pt; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Ipiranga Trading Noth America LLC.<font style="vertical-align: super; line-height: inherit; font-size: 8pt;">(14)</font></font></p>























</td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>























</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: center; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">United States</font></p>























</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: center; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Ipiranga </font></p>























</td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>























</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: right; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">-</font></p>























</td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>























</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: right; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">100</font></p>























</td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>























</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: right; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">-</font></p>























</td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>























</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: right; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">-</font></p>























</td>





















</tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; background-color: #cceeff; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt 0pt 0pt 10.75pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-indent: 11pt; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Ipiranga Trading Middle East DMCC<font style="vertical-align: super; line-height: inherit; font-size: 8pt;">(14)</font></font></p>























</td>
<td style="padding-left: 0px; padding-right: 0px; background-color: #cceeff; height: 10px; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>























</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; background-color: #cceeff; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: center; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Dubai</font></p>























</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; background-color: #cceeff; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: center; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Ipiranga </font></p>























</td>
<td style="padding-left: 0px; padding-right: 0px; background-color: #cceeff; height: 10px; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>























</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; background-color: #cceeff; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: right; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">-</font></p>























</td>
<td style="padding-left: 0px; padding-right: 0px; background-color: #cceeff; height: 10px; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>























</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; background-color: #cceeff; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: right; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">100</font></p>























</td>
<td style="padding-left: 0px; padding-right: 0px; background-color: #cceeff; height: 10px; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>























</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; background-color: #cceeff; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: right; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">-</font></p>























</td>
<td style="padding-left: 0px; padding-right: 0px; background-color: #cceeff; height: 10px; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>























</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; background-color: #cceeff; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: right; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">-</font></p>























</td>





















</tr>
<tr style="height: 10px;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt 0pt 0pt 10.75pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-indent: 11pt; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Ipiranga Trading Europe S.A.<font style="vertical-align: super; line-height: inherit; font-size: 8pt;"> (14)</font></font></p>























</td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>























</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: center; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Switzerland</font></p>























</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: center; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Ipiranga </font></p>























</td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>























</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: right; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">-</font></p>























</td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>























</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: right; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">100</font></p>























</td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>























</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: right; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">-</font></p>























</td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>























</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: right; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">-</font></p>























</td>





















</tr>
<tr style="height: 14px; background-color: #cceeff;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; background-color: #cceeff; height: 14px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt 0pt 0pt 10.75pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-indent: 11pt; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Ea&#237; Clube Automobilista S.A.<font style="vertical-align: super; line-height: inherit; font-size: 8pt;">(13)</font></font></p>























</td>
<td style="padding-left: 0px; padding-right: 0px; background-color: #cceeff; height: 14px; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>























</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; background-color: #cceeff; height: 14px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: center; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Brazil</font></p>























</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; background-color: #cceeff; height: 14px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: center; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Ipiranga </font></p>























</td>
<td style="padding-left: 0px; padding-right: 0px; background-color: #cceeff; height: 14px; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>























</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; background-color: #cceeff; height: 14px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: right; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">-</font></p>























</td>
<td style="padding-left: 0px; padding-right: 0px; background-color: #cceeff; height: 14px; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>























</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; background-color: #cceeff; height: 14px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: right; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">100</font></p>























</td>
<td style="padding-left: 0px; padding-right: 0px; background-color: #cceeff; height: 14px; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>























</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; background-color: #cceeff; height: 14px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: right; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">100</font></p>























</td>
<td style="padding-left: 0px; padding-right: 0px; background-color: #cceeff; height: 14px; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>























</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; background-color: #cceeff; height: 14px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: right; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">-</font></p>























</td>





















</tr>
<tr style="height: 11px;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 11px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt 0pt 0pt 17.85pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-indent: 10.35pt; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Abastece A&#237; Participa&#231;&#245;es S.A.<font style="vertical-align: super; line-height: inherit; font-size: 8pt;">(6)</font></font></p>























</td>
<td style="padding-left: 0px; padding-right: 0px; height: 11px; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>























</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 11px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: center; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Brazil</font></p>























</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 11px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: center; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Ipiranga </font></p>























</td>
<td style="padding-left: 0px; padding-right: 0px; height: 11px; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>























</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 11px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: right; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">-</font></p>























</td>
<td style="padding-left: 0px; padding-right: 0px; height: 11px; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>























</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 11px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: right; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">100</font></p>























</td>
<td style="padding-left: 0px; padding-right: 0px; height: 11px; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>























</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 11px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: right; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">-</font></p>























</td>
<td style="padding-left: 0px; padding-right: 0px; height: 11px; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>























</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 11px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: right; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">-</font></p>























</td>





















</tr>
<tr style="height: 12px; background-color: #cceeff;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; background-color: #cceeff; height: 12px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt 0pt 0pt 32.05pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Abastece A&#237; Clube Automobilista Institui&#231;&#227;o de Pagamento Ltda.<font style="vertical-align: super; line-height: inherit; font-size: 8pt;">(5)</font></font></p>























</td>
<td style="padding-left: 0px; padding-right: 0px; background-color: #cceeff; height: 12px; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>























</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; background-color: #cceeff; height: 12px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: center; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Brazil</font></p>























</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; background-color: #cceeff; height: 12px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: center; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Ipiranga </font></p>























</td>
<td style="padding-left: 0px; padding-right: 0px; background-color: #cceeff; height: 12px; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>























</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; background-color: #cceeff; height: 12px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: right; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">-</font></p>























</td>
<td style="padding-left: 0px; padding-right: 0px; background-color: #cceeff; height: 12px; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>























</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; background-color: #cceeff; height: 12px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: right; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">100</font></p>























</td>
<td style="padding-left: 0px; padding-right: 0px; background-color: #cceeff; height: 12px; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>























</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; background-color: #cceeff; height: 12px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: right; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">-</font></p>























</td>
<td style="padding-left: 0px; padding-right: 0px; background-color: #cceeff; height: 12px; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>























</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; background-color: #cceeff; height: 12px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: right; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">100</font></p>























</td>





















</tr>
<tr style="height: 16px;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Ultragaz Participa&#231;&#245;es Ltda.</font></p>























</td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>























</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: center; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Brazil</font></p>























</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: center; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Ultragaz</font></p>























</td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>























</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: right; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">100</font></p>























</td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>























</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: right; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">-</font></p>























</td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>























</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: right; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">100</font></p>























</td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>























</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: right; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">-</font></p>























</td>





















</tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; background-color: #cceeff; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-indent: 11pt; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Ultragaz Energia Ltda. and subsidiaries</font></p>























</td>
<td style="padding-left: 0px; padding-right: 0px; background-color: #cceeff; height: 16px; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>























</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; background-color: #cceeff; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: center; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Brazil</font></p>























</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; background-color: #cceeff; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: center; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Ultragaz</font></p>























</td>
<td style="padding-left: 0px; padding-right: 0px; background-color: #cceeff; height: 16px; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>























</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; background-color: #cceeff; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: right; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">-</font></p>























</td>
<td style="padding-left: 0px; padding-right: 0px; background-color: #cceeff; height: 16px; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>























</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; background-color: #cceeff; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: right; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">100</font></p>























</td>
<td style="padding-left: 0px; padding-right: 0px; background-color: #cceeff; height: 16px; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>























</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; background-color: #cceeff; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: right; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">-</font></p>























</td>
<td style="padding-left: 0px; padding-right: 0px; background-color: #cceeff; height: 16px; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>























</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; background-color: #cceeff; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: right; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">100</font></p>























</td>





















</tr>
<tr style="height: 16px;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-indent: 11pt; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Companhia Ultragaz S.A.</font></p>























</td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>























</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: center; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Brazil</font></p>























</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: center; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Ultragaz</font></p>























</td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>























</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: right; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">-</font></p>























</td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>























</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: right; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">99</font></p>























</td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>























</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: right; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">-</font></p>























</td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>























</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: right; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">99</font></p>























</td>





















</tr>
<tr style="height: 13px; background-color: #cceeff;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; background-color: #cceeff; height: 13px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-indent: 11pt; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;&nbsp; Nova Paran&#225; Distribuidora de G&#225;s Ltda.<font style="vertical-align: super; line-height: inherit; font-size: 8pt;">(1)</font></font></p>























</td>
<td style="padding-left: 0px; padding-right: 0px; background-color: #cceeff; height: 13px; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>























</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; background-color: #cceeff; height: 13px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: center; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Brazil</font></p>























</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; background-color: #cceeff; height: 13px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: center; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Ultragaz</font></p>























</td>
<td style="padding-left: 0px; padding-right: 0px; background-color: #cceeff; height: 13px; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>























</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; background-color: #cceeff; height: 13px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: right; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">-</font></p>























</td>
<td style="padding-left: 0px; padding-right: 0px; background-color: #cceeff; height: 13px; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>























</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; background-color: #cceeff; height: 13px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: right; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">100</font></p>























</td>
<td style="padding-left: 0px; padding-right: 0px; background-color: #cceeff; height: 13px; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>























</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; background-color: #cceeff; height: 13px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: right; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">-</font></p>























</td>
<td style="padding-left: 0px; padding-right: 0px; background-color: #cceeff; height: 13px; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>























</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; background-color: #cceeff; height: 13px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: right; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">100</font></p>























</td>





















</tr>
<tr style="height: 16px;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-indent: 11pt; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;&nbsp; Uting&#225;s Armazenadora S.A.</font></p>























</td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>























</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: center; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Brazil</font></p>























</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: center; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Ultragaz</font></p>























</td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>























</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: right; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">-</font></p>























</td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>























</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: right; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">57</font></p>























</td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>























</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: right; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">-</font></p>























</td>
<td style="padding-left: 0px; padding-right: 0px; height: 16px; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>























</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: right; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">57</font></p>























</td>





















</tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; background-color: #cceeff; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-indent: 11pt; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;&nbsp; Bahiana Distribuidora de G&#225;s Ltda. </font></p>























</td>
<td style="padding-left: 0px; padding-right: 0px; background-color: #cceeff; height: 16px; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>























</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; background-color: #cceeff; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: center; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Brazil</font></p>























</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; background-color: #cceeff; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: center; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Ultragaz</font></p>























</td>
<td style="padding-left: 0px; padding-right: 0px; background-color: #cceeff; height: 16px; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>























</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; background-color: #cceeff; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: right; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">-</font></p>























</td>
<td style="padding-left: 0px; padding-right: 0px; background-color: #cceeff; height: 16px; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>























</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; background-color: #cceeff; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: right; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">100</font></p>























</td>
<td style="padding-left: 0px; padding-right: 0px; background-color: #cceeff; height: 16px; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>























</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; background-color: #cceeff; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: right; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">-</font></p>























</td>
<td style="padding-left: 0px; padding-right: 0px; background-color: #cceeff; height: 16px; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>























</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; background-color: #cceeff; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: right; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">100</font></p>























</td>





















</tr>
<tr style="height: 10px;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt 0pt 0pt 17.05pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-indent: -10.45pt; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;&nbsp; NEOg&#225;s do Brasil Gas Natural Comprimido S.A.<font style="vertical-align: super; line-height: inherit; font-size: 8pt;">(3)</font></font></p>























</td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>























</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: center; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Brazil</font></p>























</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: center; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Ultragaz</font></p>























</td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>























</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: right; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">-</font></p>























</td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>























</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: right; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">100</font></p>























</td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>























</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: right; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">-</font></p>























</td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>























</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: right; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">100</font></p>























</td>





















</tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; background-color: #cceeff; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">UVC Investimentos Ltda.</font></p>























</td>
<td style="padding-left: 0px; padding-right: 0px; background-color: #cceeff; height: 16px; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>























</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; background-color: #cceeff; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: center; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Brazil</font></p>























</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; background-color: #cceeff; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: center; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Others</font></p>























</td>
<td style="padding-left: 0px; padding-right: 0px; background-color: #cceeff; height: 16px; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>























</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; background-color: #cceeff; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: right; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">100</font></p>























</td>
<td style="padding-left: 0px; padding-right: 0px; background-color: #cceeff; height: 16px; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>























</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; background-color: #cceeff; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: right; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">-</font></p>























</td>
<td style="padding-left: 0px; padding-right: 0px; background-color: #cceeff; height: 16px; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>























</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; background-color: #cceeff; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: right; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">100</font></p>























</td>
<td style="padding-left: 0px; padding-right: 0px; background-color: #cceeff; height: 16px; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>























</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; background-color: #cceeff; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: right; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">-</font></p>























</td>





















</tr>
<tr style="height: 21px;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 21px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Ultrapar Log&#237;stica Ltda.<font style="vertical-align: super; line-height: inherit; font-size: 8pt;">(11)</font></font></p>























</td>
<td style="padding-left: 0px; padding-right: 0px; height: 21px; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>























</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 21px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: center; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Brazil</font></p>























</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 21px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: center; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Ultracargo</font></p>























</td>
<td style="padding-left: 0px; padding-right: 0px; height: 21px; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>























</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 21px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: right; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">100</font></p>























</td>
<td style="padding-left: 0px; padding-right: 0px; height: 21px; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>























</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 21px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: right; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">-</font></p>























</td>
<td style="padding-left: 0px; padding-right: 0px; height: 21px; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>























</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 21px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: right; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">100</font></p>























</td>
<td style="padding-left: 0px; padding-right: 0px; height: 21px; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>























</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 21px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: right; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">-</font></p>























</td>





















</tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; background-color: #cceeff; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-indent: 11pt; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Ultracargo Log&#237;stica S.A.</font></p>























</td>
<td style="padding-left: 0px; padding-right: 0px; background-color: #cceeff; height: 16px; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>























</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; background-color: #cceeff; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: center; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Brazil</font></p>























</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; background-color: #cceeff; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: center; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Ultracargo</font></p>























</td>
<td style="padding-left: 0px; padding-right: 0px; background-color: #cceeff; height: 16px; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>























</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; background-color: #cceeff; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: right; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">-</font></p>























</td>
<td style="padding-left: 0px; padding-right: 0px; background-color: #cceeff; height: 16px; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>























</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; background-color: #cceeff; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: right; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">99</font></p>























</td>
<td style="padding-left: 0px; padding-right: 0px; background-color: #cceeff; height: 16px; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>























</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; background-color: #cceeff; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: right; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">-</font></p>























</td>
<td style="padding-left: 0px; padding-right: 0px; background-color: #cceeff; height: 16px; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>























</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; background-color: #cceeff; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: right; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">99</font></p>























</td>





















</tr>
<tr style="height: 10px;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-indent: 11pt; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Ultracargo Solu&#231;&#245;es Log&#237;sticas S.A.<font style="vertical-align: super; line-height: inherit; font-size: 8pt;">(2)</font></font></p>























</td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>























</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-indent: 11pt; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp; Brazil</font></p>























</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp; Ultracargo</font></p>























</td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>























</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: right; text-indent: 11pt; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">-</font></p>























</td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>























</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: right; text-indent: 11pt; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">100</font></p>























</td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>























</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: right; text-indent: 11pt; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">-</font></p>























</td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>























</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: right; text-indent: 11pt; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">100</font></p>























</td>





















</tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; background-color: #cceeff; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Ultrapar International S.A.</font></p>























</td>
<td style="padding-left: 0px; padding-right: 0px; background-color: #cceeff; height: 16px; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>























</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; background-color: #cceeff; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: center; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Luxembourg</font></p>























</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; background-color: #cceeff; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: center; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Others</font></p>























</td>
<td style="padding-left: 0px; padding-right: 0px; background-color: #cceeff; height: 16px; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>























</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; background-color: #cceeff; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: right; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">100</font></p>























</td>
<td style="padding-left: 0px; padding-right: 0px; background-color: #cceeff; height: 16px; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>























</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; background-color: #cceeff; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: right; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">-</font></p>























</td>
<td style="padding-left: 0px; padding-right: 0px; background-color: #cceeff; height: 16px; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>























</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; background-color: #cceeff; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: right; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">100</font></p>























</td>
<td style="padding-left: 0px; padding-right: 0px; background-color: #cceeff; height: 16px; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>























</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; background-color: #cceeff; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: right; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">-</font></p>























</td>





















</tr>
<tr style="height: 32px;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 32px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">UVC - Fundo de investimento em participa&#231;&#245;es multiestrat&#233;gia investimento no exterior</font></p>























</td>
<td style="padding-left: 0px; padding-right: 0px; height: 32px; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>























</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 32px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: center; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Brazil</font></p>























</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 32px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: center; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Others</font></p>























</td>
<td style="padding-left: 0px; padding-right: 0px; height: 32px; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>























</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 32px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: right; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">100</font></p>























</td>
<td style="padding-left: 0px; padding-right: 0px; height: 32px; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>























</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 32px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: right; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">-</font></p>























</td>
<td style="padding-left: 0px; padding-right: 0px; height: 32px; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>























</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 32px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: right; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">100</font></p>























</td>
<td style="padding-left: 0px; padding-right: 0px; height: 32px; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>























</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; height: 32px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: right; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">-</font></p>























</td>





















</tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; background-color: #cceeff; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Imaven Im&#243;veis Ltda.<font style="vertical-align: super; line-height: inherit; font-size: 8pt;">(7)</font></font></p>























</td>
<td style="padding-left: 0px; padding-right: 0px; background-color: #cceeff; height: 10px; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>























</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; background-color: #cceeff; height: 10px; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Brazil</font></p>























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<td style="padding-left: 3.5pt; padding-right: 3.5pt; background-color: #cceeff; height: 10px; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Others</font></p>























</td>
<td style="padding-left: 0px; padding-right: 0px; background-color: #cceeff; height: 10px; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>























</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; background-color: #cceeff; height: 10px; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">100</font></p>























</td>
<td style="padding-left: 0px; padding-right: 0px; background-color: #cceeff; height: 10px; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>























</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; background-color: #cceeff; height: 10px; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">-</font></p>























</td>
<td style="padding-left: 0px; padding-right: 0px; background-color: #cceeff; height: 10px; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>























</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; background-color: #cceeff; height: 10px; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">100</font></p>























</td>
<td style="padding-left: 0px; padding-right: 0px; background-color: #cceeff; height: 10px; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>























</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; background-color: #cceeff; height: 10px; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">-</font></p>























</td>





















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</table>
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> The percentages in the table above are rounded.</font></p>
<p style="margin: 0px; break-after: avoid; break-inside: avoid; 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'>18</font></font></td>















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<hr class="horizontalLineRemoved" style="border-bottom-color: #000000; border-top-color: #000000; color: #000000; background-color: #000000;"></hr>
<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div>
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<td style="height: 10px; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times; font-size: 12pt; font-weight: bold; float: none; line-height: inherit; display: inline !important;">Ultrapar Participa&#231;&#245;es S.A. and Subsidiaries</font></td>
<td style="height: 10px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><img src="imgc0dec36d433f45a2aa5c.jpg" style="float: right;" alt="Graphics"></font></td>

















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<b style="mso-bidi-font-weight: normal;">Notes to the interim financial information</b>


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<p style="margin: 2pt 0in 0.0001pt; text-align: justify; font-size: 11pt; font-family: 'Times New Roman', 'serif';"><font style="font-family: 'times new roman', times; font-size: 10pt;"><b style="mso-bidi-font-weight: normal;">For the period ended March 31, 2024</b></font><b><font style="font-size: 9.0pt; font-family: 'Arial','sans-serif';"></font></b></p>

















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<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-indent: 0px;">&nbsp;</p>













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<table style="height: 304px; width: 100%; margin: 0px; font-family: 'times new roman'; font-size: 10pt; text-indent: 0px;">

<tr style="height: 16px; margin: 0px; text-indent: 0px;">
<td style="height: 16px; width: 4%; vertical-align: top; margin: 0px; text-indent: 0px;" 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: 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;">(1)</font></td>
<td style="height: 16px; width: 96%; text-align: justify; margin: 0px; text-indent: 0px;"><font style="font-size: 10pt; line-height: inherit;"><font style="color: #000000; font-family: 'times new roman', times; font-variant: normal; font-weight: normal; 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-kerning: auto; font-optical-sizing: auto; font-feature-settings: normal; font-variation-settings: normal; font-stretch: normal; line-height: inherit;">&nbsp;</font><font style="color: #000000; font-family: 'times new roman', times; 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; float: none; display: inline !important; line-height: inherit;">Non-operating company in closing phase.</font></font></td>





















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<td style="height: 16px; vertical-align: top; margin: 0px; text-indent: 0px;" 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: 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;">(2)</font></td>
<td style="height: 16px; text-align: justify; margin: 0px; text-indent: 0px;"><font style="font-size: 10pt; line-height: inherit;"><font style="color: #000000; font-family: 'times new roman', times; 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; float: none; display: inline !important; line-height: inherit;">On June 16, 2023, the name of subsidiary&nbsp;</font>Ultracargo<font style="color: #000000; font-family: 'times new roman', times; 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; float: none; display: inline !important; line-height: inherit;">&nbsp;Vila do Conde&nbsp;</font>Log&#237;stica<font style="color: #000000; font-family: 'times new roman', times; 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; float: none; display: inline !important; line-height: inherit;">&nbsp;</font>Portu&#225;ria<font style="color: #000000; font-family: 'times new roman', times; 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; float: none; display: inline !important; line-height: inherit;">&nbsp;S.A. was changed to&nbsp;</font>Ultracargo<font style="color: #000000; font-family: 'times new roman', times; 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; float: none; display: inline !important; line-height: inherit;">&nbsp;</font>Solu&#231;&#245;es<font style="color: #000000; font-family: 'times new roman', times; 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; float: none; display: inline !important; line-height: inherit;">&nbsp;</font>Log&#237;sticas<font style="color: #000000; font-family: 'times new roman', times; 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; float: none; display: inline !important; line-height: inherit;">&nbsp;S.A.</font></font></td>





















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<td style="height: 32px; vertical-align: top; margin: 0px; text-indent: 0px;" 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: 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;">(3)</font></td>
<td style="height: 32px; text-align: justify; margin: 0px; text-indent: 0px;"><font style="font-size: 10pt; line-height: inherit;"><font style="color: #000000; font-family: 'times new roman', times; 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; float: none; display: inline !important; line-height: inherit;">On November 21, 2022,&nbsp;</font>Ultrapar<font style="color: #000000; font-family: 'times new roman', times; 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; float: none; display: inline !important; line-height: inherit;">&nbsp;through its subsidiary&nbsp;</font>Companhia<font style="color: #000000; font-family: 'times new roman', times; 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; float: none; display: inline !important; line-height: inherit;">&nbsp;</font>Ultragaz<font style="color: #000000; font-family: 'times new roman', times; 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; float: none; display: inline !important; line-height: inherit;">&nbsp;S.A., signed an agreement for the acquisition of all shares of&nbsp;</font>NEOg&#225;s<font style="color: #000000; font-family: 'times new roman', times; 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; float: none; display: inline !important; line-height: inherit;">&nbsp;do&nbsp;</font>Brasil<font style="color: #000000; font-family: 'times new roman', times; 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; float: none; display: inline !important; line-height: inherit;">&nbsp;</font>G&#225;s<font style="color: #000000; font-family: 'times new roman', times; 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; float: none; display: inline !important; line-height: inherit;">&nbsp;Natural&nbsp;</font>Comprimido<font style="color: #000000; font-family: 'times new roman', times; 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; float: none; display: inline !important; line-height: inherit;">&nbsp;S.A. The closing of the acquisition occurred on February 1, 2023.</font></font></td>





















</tr>
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<td style="height: 32px; vertical-align: top; margin: 0px; text-indent: 0px;" 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: 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;">(4)</font></td>
<td style="height: 32px; text-align: justify; margin: 0px; text-indent: 0px;"><font style="font-size: 10pt; line-height: inherit;"><font style="color: #000000; font-family: 'times new roman', times; 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; float: none; display: inline !important; line-height: inherit;">Company established on February 28, 2023 with the purpose of holding interests in other companies. On October 2, 2023, the name of subsidiary&nbsp;</font>Ultrapar<font style="color: #000000; font-family: 'times new roman', times; 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; float: none; display: inline !important; line-height: inherit;">&nbsp;</font>Empreendimentos<font style="color: #000000; font-family: 'times new roman', times; 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; float: none; display: inline !important; line-height: inherit;">&nbsp;</font>Ltda<font style="color: #000000; font-family: 'times new roman', times; 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; float: none; display: inline !important; line-height: inherit;">. was changed to&nbsp;</font>Ultrapar<font style="color: #000000; font-family: 'times new roman', times; 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; float: none; display: inline !important; line-height: inherit;">&nbsp;</font>Mobilidade<font style="color: #000000; font-family: 'times new roman', times; 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; float: none; display: inline !important; line-height: inherit;">&nbsp;</font>Ltda<font style="color: #000000; font-family: 'times new roman', times; 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; float: none; display: inline !important; line-height: inherit;">.</font></font></td>





















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<td style="height: 16px; vertical-align: top; margin: 0px; text-indent: 0px;" 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: 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;">(5)</font></td>
<td style="height: 16px; text-align: justify; margin: 0px; text-indent: 0px;"><font style="font-size: 10pt; line-height: inherit;"><font style="color: #000000; font-family: 'times new roman', times; 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; float: none; display: inline !important; line-height: inherit;">On April 13, 2023, the company was acquired by&nbsp;</font>Ea&#237;<font style="color: #000000; font-family: 'times new roman', times; 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; float: none; display: inline !important; line-height: inherit;">&nbsp;</font>Clube<font style="color: #000000; font-family: 'times new roman', times; 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; float: none; display: inline !important; line-height: inherit;">&nbsp;</font>Automobilista<font style="color: #000000; font-family: 'times new roman', times; 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; float: none; display: inline !important; line-height: inherit;">&nbsp;S.A. The acquisition was made at book value.</font></font></td>





















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<td style="height: 16px; vertical-align: top; margin: 0px; text-indent: 0px;" 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: 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;">(6)</font></td>
<td style="height: 16px; text-align: justify; margin: 0px; text-indent: 0px;"><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: 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;">Company established on June 1, 2023 with the purpose of holding interests in other companies.</font></td>





















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<td style="height: 32px; vertical-align: top; margin: 0px; text-indent: 0px;" 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: 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;">(7)</font></td>
<td style="height: 32px; text-align: justify; margin: 0px; text-indent: 0px;"><font style="font-size: 10pt; line-height: inherit;"><font style="color: #000000; font-family: 'times new roman', times; 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; float: none; display: inline !important; line-height: inherit;">On April 28, 2023,&nbsp;</font>Imaven<font style="color: #000000; font-family: 'times new roman', times; 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; float: none; display: inline !important; line-height: inherit;">&nbsp;</font>Im&#243;veis<font style="color: #000000; font-family: 'times new roman', times; 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; float: none; display: inline !important; line-height: inherit;">&nbsp;</font>Ltda<font style="color: #000000; font-family: 'times new roman', times; 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; float: none; display: inline !important; line-height: inherit;">. (&#8220;</font>Imaven<font style="color: #000000; font-family: 'times new roman', times; 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; float: none; display: inline !important; line-height: inherit;">&#8221;), performed a partial spin-off of its assets, and the spin-off part was merged into the equity of the subsidiary&nbsp;</font>Ipiranga<font style="color: #000000; font-family: 'times new roman', times; 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; float: none; display: inline !important; line-height: inherit;">&nbsp;</font>Produtos<font style="color: #000000; font-family: 'times new roman', times; 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; float: none; display: inline !important; line-height: inherit;">&nbsp;de&nbsp;</font>Petr&#243;leo<font style="color: #000000; font-family: 'times new roman', times; 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; float: none; display: inline !important; line-height: inherit;">&nbsp;S.A. On May 1,&nbsp;</font>Imaven<font style="color: #000000; font-family: 'times new roman', times; 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; float: none; display: inline !important; line-height: inherit;">&nbsp;became directly controlled by&nbsp;</font>Ultrapar<font style="color: #000000; font-family: 'times new roman', times; 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; float: none; display: inline !important; line-height: inherit;">. The entire transaction was carried out under common control.</font></font></td>





















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<td style="height: 32px; vertical-align: top; margin: 0px; text-indent: 0px;" 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: 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;">(8)</font></td>
<td style="height: 32px; text-align: justify; margin: 0px; text-indent: 0px;"><font style="font-size: 10pt; line-height: inherit;"><font style="color: #000000; font-family: 'times new roman', times; 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; float: none; display: inline !important; line-height: inherit;">On May 21, 2023, the Company, through its subsidiary&nbsp;</font>Ultrapar<font style="color: #000000; font-family: 'times new roman', times; 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; float: none; display: inline !important; line-height: inherit;">&nbsp;</font>Empreendimentos<font style="color: #000000; font-family: 'times new roman', times; 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; float: none; display: inline !important; line-height: inherit;">&nbsp;</font>Ltda<font style="color: #000000; font-family: 'times new roman', times; 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; float: none; display: inline !important; line-height: inherit;">., signed an agreement for the acquisition of a 60% interest in Serra Diesel&nbsp;</font>Transportador<font style="color: #000000; font-family: 'times new roman', times; 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; float: none; display: inline !important; line-height: inherit;">&nbsp;</font>Revendedor<font style="color: #000000; font-family: 'times new roman', times; 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; float: none; display: inline !important; line-height: inherit;">&nbsp;</font>Retalhista<font style="color: #000000; font-family: 'times new roman', times; 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; float: none; display: inline !important; line-height: inherit;">&nbsp;</font>Ltda<font style="color: #000000; font-family: 'times new roman', times; 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; float: none; display: inline !important; line-height: inherit;">. The closing of the transaction occurred on September 1, 2023.</font></font></td>





















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<td style="height: 16px; vertical-align: top; margin: 0px; text-indent: 0px;" 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: 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;">(9)</font></td>
<td style="height: 16px; text-align: justify; margin: 0px; text-indent: 0px;"><font style="font-size: 10pt; line-height: inherit;"><font style="color: #000000; font-family: 'times new roman', times; 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; float: none; display: inline !important; line-height: inherit;">On October 2, 2023,&nbsp;</font>Centro<font style="color: #000000; font-family: 'times new roman', times; 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; float: none; display: inline !important; line-height: inherit;">&nbsp;de&nbsp;</font>Conveni&#234;ncias<font style="color: #000000; font-family: 'times new roman', times; 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; float: none; display: inline !important; line-height: inherit;">&nbsp;Millennium&nbsp;</font>Ltda<font style="color: #000000; font-family: 'times new roman', times; 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; float: none; display: inline !important; line-height: inherit;">. and subsidiaries became directly controlled by&nbsp;</font>Ultrapar<font style="color: #000000; font-family: 'times new roman', times; 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; float: none; display: inline !important; line-height: inherit;">&nbsp;</font>Mobilidade<font style="color: #000000; font-family: 'times new roman', times; 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; float: none; display: inline !important; line-height: inherit;">&nbsp;</font>Ltda<font style="color: #000000; font-family: 'times new roman', times; 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; float: none; display: inline !important; line-height: inherit;">.</font></font></td>





















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<td style="height: 16px; vertical-align: top; margin: 0px; text-indent: 0px;" 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: 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;">(10)</font></td>
<td style="height: 16px; text-align: justify; margin: 0px; text-indent: 0px;"><font style="font-size: 10pt; line-height: inherit;"><font style="color: #000000; font-family: 'times new roman', times; 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; float: none; display: inline !important; line-height: inherit;">Company established on October 2, 2023, engaged in the production, sale, import and export of&nbsp;</font>biofuels<font style="color: #000000; font-family: 'times new roman', times; 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; float: none; display: inline !important; line-height: inherit;">, fertilizers and other agricultural inputs.</font></font></td>





















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<td style="height: 16px; vertical-align: top; margin: 0px; text-indent: 0px;" 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: 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;">(11)</font></td>
<td style="height: 16px; text-align: justify; margin: 0px; text-indent: 0px;"><font style="font-size: 10pt; line-height: inherit;"><font style="color: #000000; font-family: 'times new roman', times; 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; float: none; display: inline !important; line-height: inherit;">On February 19, 2024, the name of subsidiary&nbsp;</font>Ultracargo<font style="color: #000000; font-family: 'times new roman', times; 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; float: none; display: inline !important; line-height: inherit;">&nbsp;</font>Opera&#231;&#245;es<font style="color: #000000; font-family: 'times new roman', times; 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; float: none; display: inline !important; line-height: inherit;">&nbsp;</font>Log&#237;sticas<font style="color: #000000; font-family: 'times new roman', times; 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; float: none; display: inline !important; line-height: inherit;">&nbsp;e&nbsp;</font>Participa&#231;&#245;es<font style="color: #000000; font-family: 'times new roman', times; 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; float: none; display: inline !important; line-height: inherit;">&nbsp;</font>Ltda<font style="color: #000000; font-family: 'times new roman', times; 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; float: none; display: inline !important; line-height: inherit;">. was changed to&nbsp;</font>Ultrapar<font style="color: #000000; font-family: 'times new roman', times; 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; float: none; display: inline !important; line-height: inherit;">&nbsp;</font>Log&#237;stica<font style="color: #000000; font-family: 'times new roman', times; 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; float: none; display: inline !important; line-height: inherit;">&nbsp;</font>Ltda<font style="color: #000000; font-family: 'times new roman', times; 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; float: none; display: inline !important; line-height: inherit;">.</font></font></td>





















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<td style="height: 16px; vertical-align: top; margin: 0px; text-indent: 0px;" 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: 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;">(12)</font><br></td>
<td style="height: 16px; text-align: justify; margin: 0px; text-indent: 0px;"><font style="font-size: 10pt; line-height: inherit;"><font style="color: #000000; font-family: 'times new roman', times; 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; float: none; display: inline !important; line-height: inherit;">On January 2, 2023, the direct subsidiary&nbsp;</font>Ipiranga<font style="color: #000000; font-family: 'times new roman', times; 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; float: none; display: inline !important; line-height: inherit;">&nbsp;</font>Produtos<font style="color: #000000; font-family: 'times new roman', times; 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; float: none; display: inline !important; line-height: inherit;">&nbsp;de&nbsp;</font>Petr&#243;leo<font style="color: #000000; font-family: 'times new roman', times; 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; float: none; display: inline !important; line-height: inherit;">&nbsp;S.A. (&#8220;</font>Ipiranga<font style="color: #000000; font-family: 'times new roman', times; 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; float: none; display: inline !important; line-height: inherit;">&#8221;) became directly controlled by&nbsp;</font>Ultrapar<font style="color: #000000; font-family: 'times new roman', times; 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; float: none; display: inline !important; line-height: inherit;">&nbsp;</font>Mobilidade<font style="color: #000000; font-family: 'times new roman', times; 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; float: none; display: inline !important; line-height: inherit;">&nbsp;</font>Ltda<font style="color: #000000; font-family: 'times new roman', times; 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; float: none; display: inline !important; line-height: inherit;">.</font></font></td>





















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<td style="height: 16px; vertical-align: top; margin: 0px; text-indent: 0px;" 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: 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;">(13)</font></td>
<td style="height: 16px; text-align: justify; margin: 0px; text-indent: 0px;"><font style="font-size: 10pt; line-height: inherit;"><font style="color: #000000; font-family: 'times new roman', times; 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; float: none; display: inline !important; line-height: inherit;">On January 2, 2024, subsidiary&nbsp;</font>Ea&#237;<font style="color: #000000; font-family: 'times new roman', times; 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; float: none; display: inline !important; line-height: inherit;">&nbsp;</font>Clube<font style="color: #000000; font-family: 'times new roman', times; 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; float: none; display: inline !important; line-height: inherit;">&nbsp;</font>Automobilista<font style="color: #000000; font-family: 'times new roman', times; 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; float: none; display: inline !important; line-height: inherit;">&nbsp;S.A. became directly controlled by&nbsp;</font>Ipiranga<font style="color: #000000; font-family: 'times new roman', times; 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; float: none; display: inline !important; line-height: inherit;">.</font></font></td>





















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<td style="height: 16px; vertical-align: top; margin: 0px; text-indent: 0px;" 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: 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;">(14)</font><br></td>
<td style="height: 16px; text-align: justify; margin: 0px; text-indent: 0px;"><font style="font-size: 10pt; line-height: inherit;"><font style="color: #000000; font-family: 'times new roman', times; 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; float: none; display: inline !important; line-height: inherit;">Companies established as&nbsp;</font>Ipiranga&#8217;s<font style="color: #000000; font-family: 'times new roman', times; 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; float: none; display: inline !important; line-height: inherit;">&nbsp;subsidiaries in foreign countries, engaged in the commercial representation, trade, export and import of fuels.</font></font></td>





















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<td style="height: 16px; vertical-align: top; margin: 0px; text-indent: 0px;" 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: 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;">(15)</font></td>
<td style="height: 16px; text-align: justify; margin: 0px; text-indent: 0px;"><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: 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;">Company established on March 8, 2024, engaged in the wholesale and retail trade, manufacture, storage, export and import of natural and industrialized food products.</font></td>





















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<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: justify; text-indent: 0px;"><br></p>
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">b. Main events that occurred in the period</font></p>
<p style="margin: 0px; text-align: justify; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">b1. Acquisition of significant stake in Hidrovias</font><br><font style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify; font-size: 11pt; font-family: 'Times New Roman', serif;"><font style="font-family: 'times new roman', times; font-size: 10pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; widows: 0;"><font lang="EN-US">On March 24, 2024, the Company entered
into a share purchase and sale agreement for the acquisition of 128,369,488
shares of Hidrovias do Brasil S.A. (&#8220;Hidrovias&#8221;), equivalent to 16.88% of its
share capital (&#8220;Transaction Shares&#8221;), for R$ 3.98/share. The closing of this
transaction was subject to the approval by the Administrative Council for
Economic Defense (CADE) and waiver of the requirement to conduct a public
offering due to the significant increase in stake (&#8220;poison pill&#8221;) by Hidrovias
(precedent conditions). In addition, Ultrapar by its subsidiary Ultrapar
Log&#237;stica Ltda, owns in the quarter ended in March 31, 2024, a direct participation
of 10.02% of Hidrovias share capital, presented on caption &#8220;Financial
investiments&#8221; as a financial asset.</font><font lang="EN-US"></font></font></p>
<p style="margin: 0pt; text-align: justify; font-size: 11pt; font-family: 'Times New Roman', serif;"><font lang="EN-US" style="font-family: 'times new roman', times; font-size: 10pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; widows: 0;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify; font-size: 11pt; font-family: 'Times New Roman', serif;"><font style="font-family: 'times new roman', times; font-size: 10pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; widows: 0;"><font lang="EN-US">The acquisition of stake in Hidrovias
is in line with Ultrapar's strategy of expanding its presence in sectors
exposed to Brazilian agribusiness, mainly in the Midwest and North regions,
investing in companies in which it can contribute strategic, operational,
administrative and financial knowledge, being a strategic and long-term
reference shareholder of Hidrovias, supporting its growth, governance and
management model. </font><font lang="EN-US"></font></font></p>
<p style="margin: 0pt; text-align: justify; font-size: 11pt; font-family: 'Times New Roman', serif;"><font lang="EN-US" style="font-family: 'times new roman', times; font-size: 10pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; widows: 0;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify; font-size: 11pt; font-family: 'Times New Roman', serif;"><font lang="EN-US" style="font-family: 'times new roman', times; font-size: 10pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; widows: 0;">On May 7, 2024, after the complishment
of all precedent conditions, the Company have concluded the transaction of
purchase and sale of Hidrovias&#8217; share (&#8220;Transaction Shares&#8221;), which added to
direct position acquired until March 31, 2024 and other shares acquired at stock
exchange (&#8220;B3&#8221;) between April 1, 2024 to May 7, 2024, amounts to an ownership
position of 35.97% of Hidrovias share capital. This transaction does not constitute control of Hidrovias by the Company.</font><font lang="EN-US"></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'>19</font></font></td>














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<td style="height: 10px; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times; font-size: 12pt; font-weight: bold; float: none; line-height: inherit; display: inline !important;">Ultrapar Participa&#231;&#245;es S.A. and Subsidiaries</font></td>
<td style="height: 10px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><img src="imgc0dec36d433f45a2aa5c.jpg" style="float: right;" alt="Graphics"></font></td>
















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<b style="mso-bidi-font-weight: normal;">Notes to the interim financial information</b>


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<p style="margin: 2pt 0in 0.0001pt; text-align: justify; font-size: 11pt; font-family: 'Times New Roman', 'serif';"><font style="font-family: 'times new roman', times; font-size: 10pt;"><b style="mso-bidi-font-weight: normal;">For the period ended March 31, 2024</b></font><b><font style="font-size: 9.0pt; font-family: 'Arial','sans-serif';"></font></b></p>
















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</div>
<div style="background-color: #002060; margin: 0px; break-after: avoid; break-inside: avoid; text-align: justify; text-indent: 0px;"><a style="text-decoration: none; color: #000000; cursor: default; outline: none; pointer-events: none;" href="#TOC" name="Ba2_342024144242230" class="customBookmark"></a><a style="text-decoration: none; color: #000000; cursor: default; outline: none; pointer-events: none;" href="#TOC" name="Ba3_342024144305" class="customBookmark"><font style="color: #ffffff; font-weight: bold; line-height: inherit;">2. Basis of preparation and presentation of individual and consolidated interim financial information</font> </a></div>
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: justify; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: justify; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">The individual and consolidated interim financial information ("quarterly information"), identified as Parent and Consolidated, was prepared in accordance with the International Accounting Standard ("IAS") 34 &#8211; Interim Financial Reporting issued by the International Accounting Standards Board ("IASB"), and in accordance with the pronouncement CPC 21 (R1) &#8211; Interim Financial Reporting, issued by the Brazilian Accounting Pronouncements Committee (&#8220;CPC&#8221;), and presented in accordance with the rules issued by the Securities and Exchange Commission of Brazil (&#8220;CVM&#8221;).</font></p>
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: justify; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: justify; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">All relevant specific information of the interim financial information, and only this information, was presented and corresponds to that used by the Company&#8217;s and its subsidiaries&#8217; Management.</font></p>
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: justify; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: justify; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">The presentation currency of the Company&#8217;s interim financial information is the Brazilian Real, which is the Company&#8217;s functional currency, unless otherwise stated.</font></p>
<p style="margin: 0px; text-align: justify; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: justify; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">The preparation of the interim financial information requires management to make judgments, use estimates and adopt assumptions in the application of accounting policies that affect the presented amounts of income, expenses, assets and liabilities, including contingent liabilities. The uncertainty related to these judgments, assumptions and estimates could lead to results that require a significant adjustment to the carrying amount of certain assets and liabilities in future years.</font></p>
<p style="margin: 0px; text-align: justify; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: justify; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">The Company reviews its judgments, estimates and assumptions on an ongoing basis, as disclosed in the financial statements for the year ended December 31, 2023. No material changes were observed in such judgments, estimates and assumptions in relation to those disclosed as of December 31, 2023.</font></p>
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: justify; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: justify; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">The interim financial information has been prepared on a historical cost basis, except for the following material items recognized in the statements of financial position:</font></p>
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: justify; text-indent: 0px;"><br></p>
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<td style="vertical-align: top; width: 3%; margin: 0px; text-indent: 0px;" 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: justify; text-indent: -24px; 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;">(i)</font></td>
<td style="text-align: justify; width: 95%; margin: 0px; text-indent: 0px;"><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: -24px; 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;">derivative and non-derivative financial instruments measured at fair value;</font></td>




















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<td style="margin: 0px; text-indent: 0px;"><br></td>
<td style="vertical-align: top; margin: 0px; text-indent: 0px;" 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: justify; text-indent: -24px; 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;">(ii)</font></td>
<td style="text-align: justify; margin: 0px; text-indent: 0px;"><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: -24px; 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;">share-based payments and employee benefits measured at fair value;</font></td>




















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<td style="margin: 0px; text-indent: 0px;"><br></td>
<td style="vertical-align: top; margin: 0px; text-indent: 0px;" 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: justify; text-indent: -24px; 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;">(iii)</font></td>
<td style="text-align: justify; margin: 0px; text-indent: 0px;"><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: -24px; 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;">deemed cost of property, plant and equipment.</font></td>




















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<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: justify; text-indent: 0px;"><br></p>
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: justify; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">This interim financial information was prepared using information from Ultrapar and its subsidiaries on the same base date, as well as consistent accounting policies and practices. This interim financial information should be read together with the individual and consolidated financial statements of the Company for the year ended December 31, 2023, since its objective is to provide an update of the significant activities, events and circumstances in relation to those individual and consolidated financial statements. </font></p>
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: justify; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: justify; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Therefore, this interim financial information focuses on new activities, events and circumstances and does not duplicate previously disclosed information, except when Management considers it relevant to maintain certain information.</font></p>










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<td style="height: 10px; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times; font-size: 12pt; font-weight: bold; float: none; line-height: inherit; display: inline !important;">Ultrapar Participa&#231;&#245;es S.A. and Subsidiaries</font></td>
<td style="height: 10px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><img src="imgc0dec36d433f45a2aa5c.jpg" style="float: right;" alt="Graphics"></font></td>
















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<p style="margin: 2pt 0in 0in; text-align: justify; font-size: 11pt; font-family: 'Times New Roman', serif;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">
















<b>Notes to the interim financial information</b>


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<p style="margin: 2pt 0in 0.0001pt; text-align: justify; font-size: 11pt; font-family: 'Times New Roman', 'serif';"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><b>For the period ended March 31, 2024</b></font><b><font style="font-size: 9pt; font-family: Arial, 'sans-serif'; line-height: inherit;"></font></b></p>
















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<div style="background-color: #002060; margin: 0px; break-after: avoid; break-inside: avoid; text-align: justify; text-indent: 0px;"><a style="text-decoration: none; color: #000000; cursor: default; outline: none; pointer-events: none;" href="#TOC" name="Ba4_342024144324461" class="customBookmark"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><font style="color: #ffffff; font-weight: bold; line-height: inherit;">3. New accounting policies and changes in accounting policies</font> </font></a></div>
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: justify; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">The accounting policies have been consistently applied to all consolidated companies and are consistent with those used in the parent. The Company evaluated and, when necessary, applied for the first time the new standards and interpretations issued by the International Accounting Standards Board (IASB) listed in item 3.a, and on the date the interim financial information was authorized for issue, did not identify any significant impacts thereof on the disclosure or reported amounts.</font></p>
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: justify; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: justify; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">This interim financial information was prepared using information from Ultrapar and its subsidiaries on the same base date, as well as consistent accounting policies and practices.</font></p>
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: justify; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">a.&nbsp; New accounting policies and changes in accounting policies</font></p>
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: justify; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">The new standards and interpretations issued, up to the issuance of the Company's individual and consolidated interim financial information, are described below. </font></p>
<p style="margin: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">a.1 Accounting policies adopted</font><br></p>
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-indent: 0px;"><br></p>
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: justify; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">The following new standards, amendments to standards and interpretations of IFRS issued by the IASB and effective on/after January 1, 2024 had no significant impact on the interim financial information for the period ended March 31, 2024:</font></p>
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: justify; text-indent: 0px;"><br></p>
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<li style="font-family: Symbol; font-size: 11pt; margin: 0px; padding-left: 7.94pt; break-after: avoid; break-inside: avoid; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">IAS 1 &#8211; Non-current Liabilities with Covenants</font></li>
<li style="font-family: Symbol; font-size: 11pt; margin: 0px; padding-left: 7.94pt; break-after: avoid; break-inside: avoid; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">CPC 06 / IFRS 16 (R2) &#8211; Lease Liability in a Sale and Leaseback</font></li>
<li style="font-family: Symbol; font-size: 11pt; margin: 0px; padding-left: 7.94pt; break-after: avoid; break-inside: avoid; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">CPC 09 (R1)&nbsp;<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: 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;">&#8211; Statements of value added</font></font></li>



















</ul>
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<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">a.2 Accounting policies not adopted</font><br></p>
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-indent: 0px;"><br></p>
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: justify; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">The following new standards, amendments to standards and interpretations of IFRS issued by the IASB were not adopted since they are not effective in the period ended March 31, 2024. The Company and its subsidiaries plan to adopt these new standards, amendments and interpretations, if applicable, when they become effective, and they do not expect a material impact of their adoption on their future individual and consolidated interim financial information.</font></p>
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<li style="font-family: Symbol; font-size: 11pt; margin: 0px; padding-left: 7.94pt; break-after: avoid; break-inside: avoid; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">IFRS 7/ CPC 03 and IAS 7/ CPC 40 &#8211; Supplier Finance Arrangements</font></li>
<li style="font-family: Symbol; font-size: 11pt; margin: 0px; padding-left: 7.94pt; break-after: avoid; break-inside: avoid; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">IFSR 18/ CPC 26 &#8211; Presentation and Disclosure in Financial Statements</font></li>
<li style="font-family: Symbol; font-size: 11pt; margin: 0px; padding-left: 7.94pt; break-after: avoid; break-inside: avoid; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">IFRS&nbsp;10/ CPC 36 (R3) and IAS 28/ CPC 18 (R2) &#8211; Sale or Contribution of Assets between an Investor and its Associate or Joint venture</font></li>











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<td style="height: 10px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><img src="imgc0dec36d433f45a2aa5c.jpg" style="float: right;" alt="Graphics"></font></td>

















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<b style="mso-bidi-font-weight: normal;">Notes to the interim financial information</b>


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<p style="margin: 2pt 0in 0.0001pt; text-align: justify; font-size: 11pt; font-family: 'Times New Roman', 'serif';"><font style="font-family: 'times new roman', times; font-size: 10pt;"><b style="mso-bidi-font-weight: normal;">For the period ended March 31, 2024</b></font><b><font style="font-size: 9.0pt; font-family: 'Arial','sans-serif';"></font></b></p>

















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<div style="background-color: #002060; margin: 0px; break-after: avoid; break-inside: avoid; text-indent: 0px;"><a style="text-decoration: none; color: #000000; cursor: default; outline: none; pointer-events: none;" href="#TOC" name="Ba5_342024144339599" class="customBookmark"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><font style="color: #ffffff; font-weight: bold; line-height: inherit;">4. Cash and cash equivalents, financial investments, derivative financial instruments and other financial assets</font></font></a></div>
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0px; text-align: justify; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Cash equivalents and financial investments, excluding cash and bank deposits, are substantially represented by investments: (i) in Brazil, in certificates of deposit of financial institutions linked to interest rate of the DI, in repurchase agreement, financial bills, private securities and in short-term investment funds, whose portfolio is comprised of Brazilian Federal Government bonds and certificates of deposit of financial institutions; (ii) outside Brazil, in certificates of deposit of financial institutions and in short-term investment funds, whose portfolio is comprised of Federal Government bonds; and (iii)&nbsp;in derivative financial instruments. </font></p>
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: justify; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0px; text-align: justify; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">The financial assets were classified based on business model of the Company and its subsidiaries and are disclosed in Note 26.j. </font></p>
<p style="margin: 0px; text-align: justify; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0px; text-align: justify; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">The breakdown of cash and cash equivalents and financial investments is as follows:</font></p>
<p style="margin: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><font style="font-style: italic; font-weight: bold; line-height: inherit;">a.</font><font style="font-style: italic; font-weight: bold; line-height: inherit;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font style="font-style: italic; font-weight: bold; line-height: inherit;">Cash and cash equivalents</font></font></p>
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<p style="margin: 0px; text-align: justify; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Cash and cash equivalents are presented as follows: </font></p>
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
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<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>























</td>
<td colspan="3" style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; margin: 0px; text-indent: 0px; border-bottom: 1pt solid #000000; height: 16px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">Parent</font></p>























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>























</td>
<td colspan="3" style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; margin: 0px; text-indent: 0px; border-bottom: 1pt solid #000000; height: 16px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">Consolidated</font></p>























</td>


















</tr>
<tr style="height: 16px; margin: 0px; text-indent: 0px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">03/31/2024</font></p>























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">12/31/2023</font></p>























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">03/31/2024</font></p>























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">12/31/2023</font></p>























</td>


















</tr>
<tr style="height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<td style="padding: 0px 4px 0px 10px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 57%; background-color: #cceeff; height: 16px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Cash and banks</font></p>























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 10%; background-color: #cceeff; height: 16px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 1%; background-color: #cceeff; height: 16px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 10%; background-color: #cceeff; height: 16px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 1%; background-color: #cceeff; height: 16px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>























</td>
<td style="vertical-align: bottom; margin: 0px; text-indent: 0px; width: 10%; background-color: #cceeff; height: 16px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 1%; background-color: #cceeff; height: 16px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 10%; background-color: #cceeff; height: 16px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>























</td>


















</tr>
<tr style="height: 16px; margin: 0px; text-indent: 0px;">
<td style="padding: 0px 4px 0px 10px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">In local currency</font></p>























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">1,758</font></p>























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">408</font></p>























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">171,919</font></p>























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">77,488</font></p>























</td>


















</tr>
<tr style="height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<td style="padding: 0px 4px 0px 10px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">In foreign currency</font></p>























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208;</font></p>























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208;</font></p>























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">31,800</font></p>























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">47,664</font></p>























</td>


















</tr>
<tr style="height: 16px; margin: 0px; text-indent: 0px;">
<td style="padding: 0px 4px 0px 3px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Financial investments considered cash equivalents</font></p>























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>























</td>


















</tr>
<tr style="height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<td style="padding: 0px 0px 0px 10px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 10px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">In local currency</font></p>























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 10px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 10px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 10px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 10px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 10px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 10px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 10px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>























</td>


















</tr>
<tr style="height: 16px; margin: 0px; text-indent: 0px;">
<td style="padding: 0px 4px 0px 20px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Securities and funds in local currency</font></p>























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">306,770</font></p>























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">412,432</font></p>























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">3,401,897</font></p>























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">5,476,726</font></p>























</td>


















</tr>
<tr style="height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<td style="padding: 0px 4px 0px 10px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-indent: 0px; font-family: 'times new roman', times;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit; margin: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; break-after: avoid; break-inside: avoid; line-height: inherit;">In</font> foreign currency</font></p>























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 16px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>























</td>


















</tr>
<tr style="height: 16px; margin: 0px; text-indent: 0px;">
<td style="padding: 0px 4px 0px 20px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-indent: 0px; font-family: 'times new roman', times;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit; margin: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; break-after: avoid; break-inside: avoid;">Securities</font> and funds in foreign currency</font></p>























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; margin: 0px; text-indent: 0px; border-bottom: 1pt solid #000000; height: 16px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208;</font></p>























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; margin: 0px; text-indent: 0px; border-bottom: 1pt solid #000000; height: 16px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208;</font></p>























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; margin: 0px; text-indent: 0px; border-bottom: 1pt solid #000000; height: 16px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">141,936</font></p>























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; margin: 0px; text-indent: 0px; border-bottom: 1pt solid #000000; height: 16px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">323,810</font></p>























</td>


















</tr>
<tr style="height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<td style="padding: 0px 4px 0px 3px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 10px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Total cash and cash equivalents</font></p>























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; margin: 0px; text-indent: 0px; border-bottom: 2.8pt double #000000; background-color: #cceeff; height: 10px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">308,528</font></p>























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 10px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; margin: 0px; text-indent: 0px; border-bottom: 2.8pt double #000000; background-color: #cceeff; height: 10px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">412,840</font></p>























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 10px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; margin: 0px; text-indent: 0px; border-bottom: 2.8pt double #000000; background-color: #cceeff; height: 10px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">3,747,552</font></p>























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 10px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; margin: 0px; text-indent: 0px; border-bottom: 2.8pt double #000000; background-color: #cceeff; height: 10px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">5,925,688</font></p>























</td>


















</tr>










































</table>
<p style="margin: 0px; text-indent: 0px;">&nbsp;&nbsp;</p>










</div>










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

<tr>
<td class="pgno" style="padding: 0px; text-align: center;"><font style="font-size: 10pt; line-height: inherit;" class="pageno"><font class='pageno'>22</font></font></td>

















</tr>



































</table>
<hr class="horizontalLineRemoved" style="border-bottom-color: #000000; border-top-color: #000000; color: #000000; background-color: #000000;"></hr>
<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div>

















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

<tr style="height: 10px;">
<td style="height: 10px; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times; font-size: 12pt; font-weight: bold; float: none; line-height: inherit; display: inline !important;">Ultrapar Participa&#231;&#245;es S.A. and Subsidiaries</font></td>
<td style="height: 10px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><img src="imgc0dec36d433f45a2aa5c.jpg" style="float: right;" alt="Graphics"></font></td>





















</tr>
<tr style="height: 10px;">
<td style="height: 10px;">
<p style="margin: 2pt 0in 0in; text-align: justify; font-size: 11pt; font-family: 'Times New Roman', serif;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">
















<b style="mso-bidi-font-weight: normal;">Notes to the interim financial information</b>


</font></p>





















</td>
<td style="height: 10px;"><br></td>





















</tr>
<tr style="height: 10px;">
<td style="font-size: 10pt; height: 10px; width: 75%; border-bottom-width: 1.5pt; border-bottom-style: solid; border-bottom-color: #000080 !important;">
<p style="margin: 2pt 0in 0.0001pt; text-align: justify; font-size: 11pt; font-family: 'Times New Roman', 'serif';"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><b style="mso-bidi-font-weight: normal;">For the period ended March 31, 2024</b></font><b><font style="font-size: 9pt; font-family: Arial, 'sans-serif'; line-height: inherit;"></font></b></p>





















</td>
<td style="height: 10px; border-bottom-width: 1.5pt; border-bottom-style: solid; border-bottom-color: #000080 !important;"><br></td>





















</tr>











































</table>
<p style="margin: 0px; text-indent: 0px;"><br></p>
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">b. Financial investments, derivative financial instruments and other financial assets</font><br><font style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0px; text-align: justify; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">The financial investments that are not classified as cash and cash equivalents and derivative financial instruments are presented as follows:</font></p>
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: justify; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<table cellspacing="0" cellpadding="0" style="height: 170px; border-collapse: collapse; margin: 0px; font-family: 'times new roman'; font-size: 10pt; text-indent: 0px; width: 100%; margin-left: 0.1px;" width="100%">

<tr style="height: 16px; margin: 0px; text-indent: 0px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>























</td>
<td colspan="3" style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">Parent</font></p>























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>























</td>
<td colspan="3" style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">Consolidated</font></p>























</td>

















</tr>
<tr style="height: 16px; margin: 0px; text-indent: 0px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px; border-bottom: 1pt solid #000000;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">03/31/2024</font></p>























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px; border-bottom: 1pt solid #000000;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">12/31/2023</font></p>























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px; border-bottom: 1pt solid #000000;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">03/31/2024</font></p>























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px; border-bottom: 1pt solid #000000;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">12/31/2023</font></p>























</td>

















</tr>
<tr style="height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<td style="padding: 0px 4px 0px 3px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px; width: 57%; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Financial investments</font></p>























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 10%; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 1%; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 10%; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 1%; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 10%; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 1%; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 10%; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>























</td>

















</tr>
<tr style="height: 10px; margin: 0px; text-indent: 0px;">
<td style="padding: 0px 4px 0px 10px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">In local currency</font></p>























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; margin: 0px; text-indent: 0px; height: 10px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; margin: 0px; text-indent: 0px; height: 10px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; margin: 0px; text-indent: 0px; height: 10px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; margin: 0px; text-indent: 0px; height: 10px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; margin: 0px; text-indent: 0px; height: 10px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; margin: 0px; text-indent: 0px; height: 10px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; margin: 0px; text-indent: 0px; height: 10px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>























</td>

















</tr>
<tr style="height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<td style="padding: 0px 4px 0px 20px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Securities and funds in local currency</font></p>























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208;</font></p>























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208;</font></p>























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">107,440</font></p>























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">82,592</font></p>























</td>

















</tr>
<tr style="height: 16px; margin: 0px; text-indent: 0px;">
<td style="padding: 0px 4px 0px 3px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">In foreign currency</font></p>























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>























</td>

















</tr>
<tr style="height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<td style="padding: 0px 4px 0px 3px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Securities and funds in foreign currency&nbsp;<sup><font style="color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; 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></sup></font></p>























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208;</font></p>























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208;</font></p>























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">1,567,059</font></p>























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">-</font></p>























</td>

















</tr>
<tr style="height: 16px; margin: 0px; text-indent: 0px;">
<td style="padding: 0px 4px 0px 3px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Derivative financial instruments and other financial assets at fair value <sup>(b)</sup></font></p>























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; border-bottom: 1pt solid #000000;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208;</font></p>























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; border-bottom: 1pt solid #000000;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">295,637</font></p>























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; border-bottom: 1pt solid #000000;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">1,184,962</font></p>























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; border-bottom: 1pt solid #000000;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">1,162,283</font></p>























</td>

















</tr>
<tr style="height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<td style="padding: 0px 4px 0px 3px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Total financial investments and derivative financial instruments</font></p>























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; border-bottom: 2.8pt double #000000; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208;</font></p>























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; border-bottom: 2.8pt double #000000; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">295,637</font></p>























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; border-bottom: 2.8pt double #000000; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">2,859,461</font></p>























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; border-bottom: 2.8pt double #000000; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">1,244,875</font></p>























</td>

















</tr>
<tr style="height: 16px; margin: 0px; text-indent: 0px;">
<td style="padding: 0px 4px 0px 3px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Current</font></p>























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208;</font></p>























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208;</font></p>























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">309,460</font></p>























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">292,934</font></p>























</td>

















</tr>
<tr style="height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<td style="padding: 0px 4px 0px 3px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Non-current</font></p>























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208;</font></p>























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">295,637</font></p>























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">2,550,001</font></p>























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">951,941</font></p>























</td>

















</tr>









































</table>
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: justify; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">(a)<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; </font>Refers substantially to financial investments made by subsidiary Ultrapar&nbsp;International in Time Deposits.</font></p>
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><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; 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><font style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant: normal; font-weight: normal; 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-kerning: auto; font-optical-sizing: auto; font-feature-settings: normal; font-variation-settings: normal; font-stretch: normal; line-height: inherit;">&nbsp;<font>&nbsp;</font></font><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; 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;">Accumulated gains, net of withholding income tax (see Note 26.h).</font></font></p>
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<div style="background-color: #002060; margin: 0px; break-after: avoid; break-inside: avoid; text-indent: 0px;"><a style="text-decoration: none; color: #000000; cursor: default; outline: none; pointer-events: none;" href="#TOC" name="Ba6_342024144356469" class="customBookmark"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><font style="color: #ffffff; font-weight: bold; line-height: inherit;">5. Trade receivables, reseller financing and other receivables (Consolidated)</font></font></a></div>
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">a. Trade receivables</font></p>
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: justify; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">The breakdown of trade receivables is as follows:</font></p>
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<table cellspacing="0" cellpadding="0" style="border-collapse: collapse; margin: 0px; font-family: 'times new roman'; font-size: 10pt; text-indent: 0px; margin-left: 0.1px; width: 100%;" width="100%">

<tr style="height: 1pt; margin: 0px; text-indent: 0px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; margin: 0px; text-indent: 0px; border-bottom: 1pt solid #000000;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">03/31/2024</font></p>























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; margin: 0px; text-indent: 0px; border-bottom: 1pt solid #000000;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">12/31/2023</font></p>























</td>

















</tr>
<tr style="height: 1pt; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<td style="padding: 0px 4px 0px 3px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 79%; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Domestic customers</font></p>























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 10%; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 4,003,429</font></p>























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 1%; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 10%; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 4,183,696</font></p>























</td>

















</tr>
<tr style="height: 1pt; margin: 0px; text-indent: 0px;">
<td style="padding: 0px 4px 0px 3px; vertical-align: bottom; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Domestic customers - related parties (see Note 8.a.2)</font></p>























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 81</font></p>























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 78</font></p>























</td>

















</tr>
<tr style="height: 1pt; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<td style="padding: 0px 4px 0px 3px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Foreign customers</font></p>























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 57,643</font></p>























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 82,634</font></p>























</td>

















</tr>
<tr style="height: 1pt; margin: 0px; text-indent: 0px;">
<td style="padding: 0px 4px 0px 3px; vertical-align: bottom; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Foreign customers - related parties (see Note 8.a.2)</font></p>























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; margin: 0px; text-indent: 0px; border-bottom: 1pt solid #000000;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 1,957</font></p>























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; margin: 0px; text-indent: 0px; border-bottom: 1pt solid #000000;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 3,065</font></p>























</td>

















</tr>
<tr style="height: 1pt; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<td style="padding: 0px 4px 0px 3px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; margin: 0px; text-indent: 0px; border-bottom: 1pt solid #000000; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 4,063,110</font></p>























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; margin: 0px; text-indent: 0px; border-bottom: 1pt solid #000000; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 4,269,473</font></p>























</td>

















</tr>
<tr style="height: 1pt; margin: 0px; text-indent: 0px;">
<td style="padding: 0px 4px 0px 3px; vertical-align: bottom; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">(-) Allowance for expected credit losses</font></p>























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; margin: 0px; text-indent: 0px; border-bottom: 1pt solid #000000;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (342,111)</font></p>























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; margin: 0px; text-indent: 0px; border-bottom: 1pt solid #000000;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (334,467)</font></p>























</td>

















</tr>
<tr style="height: 1pt; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<td style="padding: 0px 4px 0px 3px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Total</font></p>























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; margin: 0px; text-indent: 0px; border-bottom: 2.8pt double #000000; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 3,720,999</font></p>























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; margin: 0px; text-indent: 0px; border-bottom: 2.8pt double #000000; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 3,935,006</font></p>























</td>

















</tr>
<tr style="height: 1pt; margin: 0px; text-indent: 0px;">
<td style="padding: 0px 4px 0px 3px; vertical-align: bottom; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Current</font></p>























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 3,704,187</font></p>























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 3,921,790</font></p>























</td>

















</tr>
<tr style="height: 1pt; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<td style="padding: 0px 4px 0px 3px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Non-current</font></p>























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 16,812</font></p>























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 13,216</font></p>























</td>

















</tr>









































</table>
<p style="margin: 0px; text-indent: 0px; text-align: left;">&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; line-height: inherit;" class="pageno"><font class='pageno'>23</font></font></td>
















</tr>

































</table>
<hr class="horizontalLineRemoved" style="border-bottom-color: #000000; border-top-color: #000000; color: #000000; background-color: #000000;"></hr>
<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div>















</div>















</div>
<div style="line-height: 1.2; margin: 0px; text-indent: 0px;">
<div style="width: 8.5in; margin: 0 auto;">
<table style="font-size: 10pt; width: 100%; height: 30px; border-collapse: collapse; font-family: 'times new roman';">

<tr style="height: 10px;">
<td style="height: 10px; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times; font-size: 12pt; font-weight: bold; float: none; line-height: inherit; display: inline !important;">Ultrapar Participa&#231;&#245;es S.A. and Subsidiaries</font></td>
<td style="height: 10px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><img src="imgc0dec36d433f45a2aa5c.jpg" style="float: right;" alt="Graphics"></font></td>





















</tr>
<tr style="height: 10px;">
<td style="height: 10px;">
<p style="margin: 2pt 0in 0in; text-align: justify; font-size: 11pt; font-family: 'Times New Roman', serif;"><font style="font-family: 'times new roman', times; font-size: 10pt;">
















<b style="mso-bidi-font-weight: normal;">Notes to the interim financial information</b>


</font></p>





















</td>
<td style="height: 10px;"><br></td>





















</tr>
<tr style="height: 10px;">
<td style="font-size: 10pt; height: 10px; width: 75%; border-bottom-width: 1.5pt; border-bottom-style: solid; border-bottom-color: #000080 !important;">
<p style="margin: 2pt 0in 0.0001pt; text-align: justify; font-size: 11pt; font-family: 'Times New Roman', 'serif';"><font style="font-family: 'times new roman', times; font-size: 10pt;"><b style="mso-bidi-font-weight: normal;">For the period ended March 31, 2024</b></font><b><font style="font-size: 9.0pt; font-family: 'Arial','sans-serif';"></font></b></p>





















</td>
<td style="height: 10px; border-bottom-width: 1.5pt; border-bottom-style: solid; border-bottom-color: #000080 !important;"><br></td>





















</tr>











































</table>
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: justify; text-indent: 0px;"><br></p>
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: justify; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">The breakdown of trade receivables, gross of allowance for expected credit losses, is as follows:</font></p>
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: justify; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<table cellspacing="0" cellpadding="0" style="height: 64px; border-collapse: collapse; margin: 0px 0px 0px 0.1px; font-family: 'times new roman'; font-size: 10pt; text-indent: 0px; width: 100%; margin-left: 0.1px;" width="100%">

<tr style="height: 16px; margin: 0px; text-indent: 0px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">&nbsp;</font></p>























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">&nbsp;</font></p>























</td>
<td colspan="5" style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; margin: 0px; text-indent: 0px; border-bottom: 1pt solid #000000; height: 16px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">Past due</font></p>























</td>

















</tr>
<tr style="height: 16px; margin: 0px; text-indent: 0px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">Total</font></p>























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; margin: 0px; text-indent: 0px; border-bottom: 1pt solid #000000; height: 16px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">Current</font></p>























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; margin: 0px; text-indent: 0px; border-bottom: 1pt solid #000000; height: 16px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">Less than 31 days</font></p>























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; margin: 0px; text-indent: 0px; border-bottom: 1pt solid #000000; height: 16px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">31-60 days</font></p>























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; margin: 0px; text-indent: 0px; border-bottom: 1pt solid #000000; height: 16px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">61-90 days</font></p>























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; margin: 0px; text-indent: 0px; border-bottom: 1pt solid #000000; height: 16px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">91-180 days</font></p>























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; margin: 0px; text-indent: 0px; border-bottom: 1pt solid #000000; height: 16px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">More than 180 days</font></p>























</td>

















</tr>
<tr style="height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 13%; height: 16px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">03/31/2024</font></p>























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 13%; height: 16px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 4,063,110</font></p>























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 13%; height: 16px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 3,359,589</font></p>























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 13%; height: 16px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">83,536</font></p>























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 12%; height: 16px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 27,130</font></p>























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 12%; height: 16px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 15,847</font></p>























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 12%; height: 16px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 39,048</font></p>























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 12%; height: 16px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 537,960</font></p>























</td>

















</tr>
<tr style="height: 16px; margin: 0px; text-indent: 0px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">12/31/2023</font></p>























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 4,269,473</font></p>























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 3,538,087</font></p>























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 52,561</font></p>























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 52,089</font></p>























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 15,976</font></p>























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 34,157</font></p>























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 576,603</font></p>























</td>

















</tr>









































</table>
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: justify; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: justify; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">The breakdown of the allowance for expected credit losses is as follows:</font></p>
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&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; text-indent: 0px; width: 100%; height: 64px;" width="100%">

<tr style="height: 16px; margin: 0px; text-indent: 0px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px;">
<p style="margin: 0px; text-align: center; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px;">
<p style="margin: 0px; text-align: center; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px;">
<p style="margin: 0px; text-align: center; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>























</td>
<td colspan="5" style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; margin: 0px; text-indent: 0px; border-bottom: 1pt solid #000000; height: 16px;">
<p style="margin: 0px; text-align: center; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">Past due</font></p>























</td>

















</tr>
<tr style="height: 16px; margin: 0px; text-indent: 0px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px;">
<p style="margin: 0px; text-align: center; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px;">
<p style="margin: 0px; text-align: center; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">Total</font></p>























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; margin: 0px; text-indent: 0px; border-bottom: 1pt solid #000000; height: 16px;">
<p style="margin: 0px; text-align: center; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">Current</font></p>























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; margin: 0px; text-indent: 0px; border-bottom: 1pt solid #000000; height: 16px;">
<p style="margin: 0px; text-align: center; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">Less than 31 days</font></p>























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; margin: 0px; text-indent: 0px; border-bottom: 1pt solid #000000; height: 16px;">
<p style="margin: 0px; text-align: center; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">31-60 days</font></p>























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; margin: 0px; text-indent: 0px; border-bottom: 1pt solid #000000; height: 16px;">
<p style="margin: 0px; text-align: center; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">61-90 days</font></p>























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; margin: 0px; text-indent: 0px; border-bottom: 1pt solid #000000; height: 16px;">
<p style="margin: 0px; text-align: center; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">91-180 days</font></p>























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; margin: 0px; text-indent: 0px; border-bottom: 1pt solid #000000; height: 16px;">
<p style="margin: 0px; text-align: center; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">More than 180 days</font></p>























</td>

















</tr>
<tr style="height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 13%; height: 16px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">03/31/2024</font></p>























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 13%; height: 16px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 342,111</font></p>























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 13%; height: 16px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 17,646</font></p>























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 13%; height: 16px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 1,618</font></p>























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 12%; height: 16px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 1,659</font></p>























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 12%; height: 16px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 1,770</font></p>























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 12%; height: 16px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 12,038</font></p>























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 12%; height: 16px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 307,380</font></p>























</td>

















</tr>
<tr style="height: 16px; margin: 0px; text-indent: 0px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px;">
<p style="margin: 0px; text-align: right; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">12/31/2023</font></p>























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px;">
<p style="margin: 0px; text-align: right; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 334,467</font></p>























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px;">
<p style="margin: 0px; text-align: right; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 15,866</font></p>























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px;">
<p style="margin: 0px; text-align: right; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 3,088</font></p>























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px;">
<p style="margin: 0px; text-align: right; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 1,984</font></p>























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px;">
<p style="margin: 0px; text-align: right; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 1,851</font></p>























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px;">
<p style="margin: 0px; text-align: right; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 11,088</font></p>























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px;">
<p style="margin: 0px; text-align: right; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 300,590</font></p>























</td>

















</tr>









































</table>
<p style="margin: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: justify; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Movements in the allowance for expected credit losses are as follows:</font></p>
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<table cellspacing="0" cellpadding="0" style="border-collapse: collapse; margin: 0px; font-family: 'times new roman'; font-size: 10pt; text-indent: 0px; margin-left: 0.1px; width: 100%;" width="100%">

<tr style="height: 11.35pt; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">Balance as of December 31, 2023</font></p>























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> 334,467</font></p>























</td>























</tr>
<tr style="height: 11.35pt; margin: 0px; text-indent: 0px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 90%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Additions </font></p>























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 10%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 42,074</font></p>























</td>























</tr>
<tr style="height: 11.35pt; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Reversals</font></p>























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (29,905)</font></p>























</td>























</tr>
<tr style="height: 11.35pt; margin: 0px; text-indent: 0px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Write-offs</font></p>























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; margin: 0px; text-indent: 0px; border-bottom: 1pt solid #000000;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (4,525)</font></p>























</td>























</tr>
<tr style="height: 11.35pt; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">Balance as of March 31, 2024</font></p>























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; margin: 0px; text-indent: 0px; border-bottom: 2.8pt double #000000; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> 342,111</font></p>























</td>























</tr>















































</table>
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: justify; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">For further information on the allowance for expected credit losses, see Note 26.d.2.</font></p>
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: justify; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><font style="font-style: italic; font-weight: bold; line-height: inherit;">b. Reseller financing</font></font></p>
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: justify; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">The breakdown of reseller financing is comprised as follows:</font></p>
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: justify; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></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: 11.35pt; margin: 0px; text-indent: 0px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">&nbsp;</font></p>























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; margin: 0px; text-indent: 0px; border-bottom: 1pt solid #000000;">
<p style="margin: 0px; text-align: center; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">03/31/2024</font></p>























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: center; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; margin: 0px; text-indent: 0px; border-bottom: 1pt solid #000000;">
<p style="margin: 0px; text-align: center; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">12/31/2023</font></p>























</td>

















</tr>
<tr style="height: 11.35pt; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 79%; background-color: #cceeff;">
<p style="margin: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Reseller financing &#8211; Ipiranga</font></p>























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; margin: 0px; text-indent: 0px; width: 10%; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">1,226,274</font></p>























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; margin: 0px; text-indent: 0px; width: 1%; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; margin: 0px; text-indent: 0px; width: 10%; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">1,189,886</font></p>























</td>

















</tr>
<tr style="height: 11.35pt; margin: 0px; text-indent: 0px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">(-) Allowance for expected credit losses</font></p>























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; margin: 0px; text-indent: 0px; border-bottom: 1pt solid #000000;">
<p style="margin: 0px; text-align: right; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">(141,181)</font></p>























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; margin: 0px; text-indent: 0px; border-bottom: 1pt solid #000000;">
<p style="margin: 0px; text-align: right; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">(134,383)</font></p>























</td>

















</tr>
<tr style="height: 11.35pt; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; margin: 0px; text-indent: 0px; border-bottom: 2.8pt double #000000; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">1,085,093</font></p>























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; margin: 0px; text-indent: 0px; border-bottom: 2.8pt double #000000; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">1,055,503</font></p>























</td>

















</tr>
<tr style="height: 11.35pt; margin: 0px; text-indent: 0px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Current</font></p>























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">502,702</font></p>























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">504,862</font></p>























</td>

















</tr>
<tr style="height: 11.35pt; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Non-current</font></p>























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">582,391</font></p>























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">550,641</font></p>























</td>

















</tr>









































</table>
<p style="margin: 0px; text-align: justify; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;&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'>24</font></font></td>
















</tr>

































</table>
<hr class="horizontalLineRemoved" style="border-bottom-color: #000000; border-top-color: #000000; color: #000000; background-color: #000000;"></hr>
<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div>
















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

<tr style="height: 10px;">
<td style="height: 10px; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times; font-size: 12pt; font-weight: bold; float: none; line-height: inherit; display: inline !important;">Ultrapar Participa&#231;&#245;es S.A. and Subsidiaries</font></td>
<td style="height: 10px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><img src="imgc0dec36d433f45a2aa5c.jpg" style="float: right;" alt="Graphics"></font></td>





















</tr>
<tr style="height: 10px;">
<td style="height: 10px;">
<p style="margin: 2pt 0in 0in; text-align: justify; font-size: 11pt; font-family: 'Times New Roman', serif;"><font style="font-family: 'times new roman', times; font-size: 10pt;">
















<b style="mso-bidi-font-weight: normal;">Notes to the interim financial information</b>


</font></p>





















</td>
<td style="height: 10px;"><br></td>





















</tr>
<tr style="height: 10px;">
<td style="font-size: 10pt; height: 10px; width: 75%; border-bottom-width: 1.5pt; border-bottom-style: solid; border-bottom-color: #000080 !important;">
<p style="margin: 2pt 0in 0.0001pt; text-align: justify; font-size: 11pt; font-family: 'Times New Roman', 'serif';"><font style="font-family: 'times new roman', times; font-size: 10pt;"><b style="mso-bidi-font-weight: normal;">For the period ended March 31, 2024</b></font><b><font style="font-size: 9.0pt; font-family: 'Arial','sans-serif';"></font></b></p>





















</td>
<td style="height: 10px; border-bottom-width: 1.5pt; border-bottom-style: solid; border-bottom-color: #000080 !important;"><br></td>





















</tr>











































</table>
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: justify; text-indent: 0px;"><br></p>
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: justify; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">The breakdown of reseller financing, gross of allowance for expected credit losses, is as follows:</font></p>
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: justify; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<table cellspacing="0" cellpadding="0" style="border-collapse: collapse; margin: 0px; font-family: 'times new roman'; font-size: 10pt; text-indent: 0px; margin-left: 0.1px; width: 100%;" width="100%">

<tr style="height: 11.35pt; margin: 0px; text-indent: 0px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">&nbsp;</font></p>























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">&nbsp;</font></p>























</td>
<td colspan="5" style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; margin: 0px; text-indent: 0px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">Past due</font></p>























</td>
















</tr>
<tr style="height: 11.35pt; margin: 0px; text-indent: 0px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; margin: 0px; text-indent: 0px; border-bottom: 1pt solid #000000;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">Total</font></p>























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; margin: 0px; text-indent: 0px; border-bottom: 1pt solid #000000;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">Current</font></p>























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; margin: 0px; text-indent: 0px; border-bottom: 1pt solid #000000;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">Less than 31 days</font></p>























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; margin: 0px; text-indent: 0px; border-bottom: 1pt solid #000000;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">31-60 days</font></p>























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; margin: 0px; text-indent: 0px; border-bottom: 1pt solid #000000;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">61-90 days</font></p>























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; margin: 0px; text-indent: 0px; border-bottom: 1pt solid #000000;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">91-180 days</font></p>























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; margin: 0px; text-indent: 0px; border-bottom: 1pt solid #000000;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">More than 180 days</font></p>























</td>
















</tr>
<tr style="height: 11.35pt; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 13%; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">03/31/2024</font></p>























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 13%; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">1,226,274</font></p>























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 13%; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">896,040</font></p>























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 13%; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">9,846</font></p>























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 12%; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">14,595</font></p>























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 12%; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">6,968</font></p>























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 12%; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">14,948</font></p>























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 12%; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">283,877</font></p>























</td>
















</tr>
<tr style="height: 11.35pt; margin: 0px; text-indent: 0px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">12/31/2023</font></p>























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">1,189,886</font></p>























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">874,191</font></p>























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">8,890</font></p>























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">5,664</font></p>























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">7,869</font></p>























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">13,273</font></p>























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">279,999</font></p>























</td>
















</tr>








































</table>
<p style="margin: 0px; text-align: justify; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: justify; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">The breakdown of the allowance for expected credit losses is as follows:</font></p>
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: justify; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<table cellspacing="0" cellpadding="0" style="border-collapse: collapse; margin: 0px; font-family: 'times new roman'; font-size: 10pt; text-indent: 0px; height: 58px; width: 100%;" width="100%">

<tr style="height: 16px; margin: 0px; text-indent: 0px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>























</td>
<td colspan="5" style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">Past due</font></p>























</td>
















</tr>
<tr style="height: 16px; margin: 0px; text-indent: 0px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px; border-bottom: 1pt solid #000000;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">Total</font></p>























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px; border-bottom: 1pt solid #000000;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">Current</font></p>























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px; border-bottom: 1pt solid #000000;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">Less than 31 days</font></p>























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px; border-bottom: 1pt solid #000000;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">31-60 days</font></p>























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px; border-bottom: 1pt solid #000000;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">61-90 days</font></p>























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px; border-bottom: 1pt solid #000000;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">91-180 days</font></p>























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px; border-bottom: 1pt solid #000000;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">More than 180 days</font></p>























</td>
















</tr>
<tr style="height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; width: 13%; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">03/31/2024</font></p>























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; width: 13%; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">141,181</font></p>























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; width: 13%; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">7,212</font></p>























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; width: 13%; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">1,770</font></p>























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; width: 12%; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">809</font></p>























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; width: 12%; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">1,203</font></p>























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; width: 12%; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">5,223</font></p>























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; width: 12%; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">124,964</font></p>























</td>
















</tr>
<tr style="height: 16px; margin: 0px; text-indent: 0px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">12/31/2023</font></p>























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">134,383</font></p>























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">8,265</font></p>























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">1,595</font></p>























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">857</font></p>























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">1,795</font></p>























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">4,521</font></p>























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">117,350</font></p>























</td>
















</tr>








































</table>
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-indent: 0px;"><br></p>
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: justify; text-indent: 0px;"><br></p>
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: justify; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Movements in the allowance for expected credit losses are as follows:</font></p>
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: justify; text-indent: 0px;"><br></p>
<table cellspacing="0" cellpadding="0" style="height: 80px; border-collapse: collapse; margin: 0px; font-family: 'times new roman'; font-size: 10pt; text-indent: 0px; width: 100%; margin-left: 0.1px;" width="100%">

<tr style="height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">Balance as of December 31, 2023</font></p>























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">134,383</font></p>























</td>























</tr>
<tr style="height: 16px; margin: 0px; text-indent: 0px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px; width: 90%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Additions </font></p>























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px; width: 10%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">18,769</font></p>























</td>























</tr>
<tr style="height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Reversals</font></p>























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">(9,456)</font></p>























</td>























</tr>
<tr style="height: 16px; margin: 0px; text-indent: 0px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Write-offs</font></p>























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px; border-bottom: 1pt solid #000000;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">(2,515)</font></p>























</td>























</tr>
<tr style="height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">Balance as of March 31, 2024</font></p>























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px; border-bottom: 2.8pt double #000000; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">141,181</font></p>























</td>























</tr>















































</table>
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: justify; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: justify; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">For further information on the allowance for expected credit losses, see Note 26.d.2.</font></p>
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: justify; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: justify; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><font style="font-style: italic; font-weight: bold; line-height: inherit;">c. Trade receivables - sale of subsidiaries</font></font></p>
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: justify; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: justify; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">The breakdown of other receivables is comprised as follows:</font></p>
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: justify; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<table cellspacing="0" cellpadding="0" style="border-collapse: collapse; margin: 0px; font-family: 'times new roman'; font-size: 10pt; text-indent: 0px; height: 154px; width: 100%;" width="100%">

<tr style="height: 16px; margin: 0px; text-indent: 0px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px;">
<p style="margin: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>























</td>
<td colspan="3" style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px;">
<p style="margin: 0px; text-align: center; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">Parent</font></p>























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px;">
<p style="margin: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>























</td>
<td colspan="3" style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px;">
<p style="margin: 0px; text-align: center; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">Consolidated</font></p>























</td>
















</tr>
<tr style="height: 16px; margin: 0px; text-indent: 0px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px;">
<p style="margin: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; border-bottom: 1pt solid #000000;">
<p style="margin: 0px; text-align: center; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">03/31/2024</font></p>























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px;">
<p style="margin: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">&nbsp;</font></p>























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; border-bottom: 1pt solid #000000;">
<p style="margin: 0px; text-align: center; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">12/31/2023</font></p>























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px;">
<p style="margin: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">&nbsp;</font></p>























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; border-bottom: 1pt solid #000000;">
<p style="margin: 0px; text-align: center; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">03/31/2024</font></p>























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px;">
<p style="margin: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">&nbsp;</font></p>























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; border-bottom: 1pt solid #000000;">
<p style="margin: 0px; text-align: center; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">12/31/2023</font></p>























</td>
















</tr>
<tr style="height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; margin: 0px; text-indent: 0px; height: 10px; background-color: #cceeff; width: 57%;">
<p style="margin: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Sale of subsidiary Oxiteno:</font></p>























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; margin: 0px; text-indent: 0px; height: 10px; background-color: #cceeff; width: 10%;">
<p style="margin: 0px; text-align: center; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #cceeff; width: 1%;">
<p style="margin: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; margin: 0px; text-indent: 0px; height: 10px; background-color: #cceeff; width: 10%;">
<p style="margin: 0px; text-align: center; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #cceeff; width: 1%;">
<p style="margin: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; margin: 0px; text-indent: 0px; height: 10px; background-color: #cceeff; width: 10%;">
<p style="margin: 0px; text-align: center; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #cceeff; width: 1%;">
<p style="margin: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; margin: 0px; text-indent: 0px; height: 10px; background-color: #cceeff; width: 10%;">
<p style="margin: 0px; text-align: center; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>























</td>
















</tr>
<tr style="height: 16px; margin: 0px; text-indent: 0px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px;">
<p style="margin: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Receivables from sale of investments <sup>(i)</sup></font></p>























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px;">
<p style="margin: 0px; text-align: right; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208;</font></p>























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px;">
<p style="margin: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px;">
<p style="margin: 0px; text-align: right; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208;</font></p>























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px;">
<p style="margin: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px;">
<p style="margin: 0px; text-align: right; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 749,430</font></p>























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px;">
<p style="margin: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px;">
<p style="margin: 0px; text-align: right; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 726,195</font></p>























</td>
















</tr>
<tr style="height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; background-color: #cceeff;">
<p style="margin: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">(-) Adjustment to present value - sale of investments <sup>(ii)</sup></font></p>























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208;</font></p>























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px; background-color: #cceeff;">
<p style="margin: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208;</font></p>























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px; background-color: #cceeff;">
<p style="margin: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208;</font></p>























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px; background-color: #cceeff;">
<p style="margin: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (10,318)</font></p>























</td>
















</tr>
<tr style="height: 16px; margin: 0px; text-indent: 0px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px;">
<p style="margin: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Sale of subsidiary Extrafarma:</font></p>























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px;">
<p style="margin: 0px; text-align: right; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px;">
<p style="margin: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px;">
<p style="margin: 0px; text-align: right; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px;">
<p style="margin: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px;">
<p style="margin: 0px; text-align: right; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px;">
<p style="margin: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px;">
<p style="margin: 0px; text-align: right; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>























</td>
















</tr>
<tr style="height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; background-color: #cceeff;">
<p style="margin: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Receivables from sale of investments <sup>(iii)</sup></font></p>























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; margin: 0px; text-indent: 0px; border-bottom: 1pt solid #000000; height: 16px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 214,284</font></p>























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px; background-color: #cceeff;">
<p style="margin: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; border-bottom: 1pt solid #000000; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 208,487</font></p>























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px; background-color: #cceeff;">
<p style="margin: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; border-bottom: 1pt solid #000000; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 214,284</font></p>























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px; background-color: #cceeff;">
<p style="margin: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; border-bottom: 1pt solid #000000; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 208,487</font></p>























</td>
















</tr>
<tr style="height: 16px; margin: 0px; text-indent: 0px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px;">
<p style="margin: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; border-bottom: 2.8pt double #000000;">
<p style="margin: 0px; text-align: right; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 214,284</font></p>























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px;">
<p style="margin: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; border-bottom: 2.8pt double #000000;">
<p style="margin: 0px; text-align: right; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 208,487</font></p>























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px;">
<p style="margin: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; border-bottom: 2.8pt double #000000;">
<p style="margin: 0px; text-align: right; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 963,714</font></p>























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px;">
<p style="margin: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; border-bottom: 2.8pt double #000000;">
<p style="margin: 0px; text-align: right; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 924,364</font></p>























</td>
















</tr>
<tr style="height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; background-color: #cceeff;">
<p style="margin: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Current</font></p>























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 214,284</font></p>























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px; background-color: #cceeff;">
<p style="margin: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 208,487</font></p>























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px; background-color: #cceeff;">
<p style="margin: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 963,714</font></p>























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px; background-color: #cceeff;">
<p style="margin: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 924,364</font></p>























</td>
















</tr>
<tr style="height: 16px; margin: 0px; text-indent: 0px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px;">
<p style="margin: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Non-current</font></p>























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px;">
<p style="margin: 0px; text-align: right; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208;</font></p>























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px;">
<p style="margin: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px;">
<p style="margin: 0px; text-align: right; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208;</font></p>























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px;">
<p style="margin: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px;">
<p style="margin: 0px; text-align: right; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208;</font></p>























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px;">
<p style="margin: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px;">
<p style="margin: 0px; text-align: right; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208;</font></p>























</td>
















</tr>








































</table>
<p style="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'>25</font></font></td>


















</tr>





































</table>
<hr class="horizontalLineRemoved" style="border-bottom-color: #000000; border-top-color: #000000; color: #000000; background-color: #000000;"></hr>
<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div>
<div style="width: 8.5in; margin: 0 auto;">
<div>
<table style="font-size: 10pt; width: 100%; height: 30px; border-collapse: collapse; font-family: 'times new roman';">

<tr style="height: 10px;">
<td style="height: 10px; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times; font-size: 12pt; font-weight: bold; float: none; line-height: inherit; display: inline !important;">Ultrapar Participa&#231;&#245;es S.A. and Subsidiaries</font></td>
<td style="height: 10px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><img src="imgc0dec36d433f45a2aa5c.jpg" style="float: right;" alt="Graphics"></font></td>




















</tr>
<tr style="height: 10px;">
<td style="height: 10px;">
<p style="margin: 2pt 0in 0in; text-align: justify; font-size: 11pt; font-family: 'Times New Roman', serif;"><font style="font-family: 'times new roman', times; font-size: 10pt;">
















<b style="mso-bidi-font-weight: normal;">Notes to the interim financial information</b>


</font></p>




















</td>
<td style="height: 10px;"><br></td>




















</tr>
<tr style="height: 10px;">
<td style="font-size: 10pt; height: 10px; width: 75%; border-bottom-width: 1.5pt; border-bottom-style: solid; border-bottom-color: #000080 !important;">
<p style="margin: 2pt 0in 0.0001pt; text-align: justify; font-size: 11pt; font-family: 'Times New Roman', 'serif';"><font style="font-family: 'times new roman', times; font-size: 10pt;"><b style="mso-bidi-font-weight: normal;">For the period ended March 31, 2024</b></font><b><font style="font-size: 9.0pt; font-family: 'Arial','sans-serif';"></font></b></p>




















</td>
<td style="height: 10px; border-bottom-width: 1.5pt; border-bottom-style: solid; border-bottom-color: #000080 !important;"><br></td>




















</tr>









































</table>
<p style="margin: 0pt; text-align: left; line-height: 1.2;"><br></p>
















</div>
<p style="margin: 0px; text-align: justify; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">(i) Refers to the final installment of the sale of Oxiteno, in the amount of USD 150 million, received in April 2024. In May 2022 Ultrapar made an onerous assignment, without right of recourse and co-obligation, of the receivable from the sale of Oxiteno to Ultrapar International.</font></p>
<p style="margin: 0px; text-align: justify; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0px; text-align: justify; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">(ii) The consideration for the sale of Oxiteno was recognized at present value using a discount rate of 6.1741%, and fully paid up to March 31, 2024. For further information, see Note 29.a.</font></p>
<p style="margin: 0px; text-align: justify; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0px; text-align: justify; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">(iii) Refers to part of the payment of the Extrafarma sale transaction, in two installments of equal value, being the first settled in August 2023, and the second maturing in August 2024, monetarily adjusted by the CDI rate + 0.5% p.a. In December 2022, the subsidiary Ipiranga made an onerous assignment, without right of recourse and co-obligation, of the receivable from the sale of Extrafarma to parent Ultrapar.</font></p>










</div>










<br></div>





















</div>




















</div><div style="font-family: 'times new roman', times; font-size: 10pt;">
<div style="margin: 0px; text-indent: 0px;">
<div style="width: 8.5in; margin: 0 auto;">
<div style="background-color: #002060; margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><a style="text-decoration: none; color: #000000; cursor: default; outline: none; pointer-events: none;" href="#TOC" name="Ba7_342024144440108" class="customBookmark"><font style="color: #ffffff; font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">6. Inventories (Consolidated)</font></a></div>
<p style="margin: 0pt; break-after: avoid; break-inside: avoid; line-height: 1.2;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; break-after: avoid; break-inside: avoid; text-align: justify; line-height: 1.2;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">The breakdown of inventories, net of provision for losses, is shown below:</font></p>
<p style="margin: 0pt; break-after: avoid; break-inside: avoid; text-align: justify; line-height: 1.2;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<table cellspacing="0" cellpadding="0" style="border-collapse: collapse; margin-left: 0pt; font-family: 'times new roman'; font-size: 10pt;" width="100%">

<tr style="height: 1pt;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">03/31/2024</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">12/31/2023</font></p>


















</td>
















</tr>
<tr style="height: 1pt; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 79%; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Fuels, lubricants and greases</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 10%; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">3,340,067</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 1%; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 10%; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">3,367,094</font></p>


















</td>
















</tr>
<tr style="height: 1pt;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Raw materials</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">281,854</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">282,197</font></p>


















</td>
















</tr>
<tr style="height: 1pt; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Liquified petroleum gas - LPG</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">132,679</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">112,100</font></p>


















</td>
















</tr>
<tr style="height: 1pt;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Consumable materials and other items for resale</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">133,855</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">121,537</font></p>


















</td>
















</tr>
<tr style="height: 1pt; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Purchase for future delivery <font style="vertical-align: super; font-size: 8pt;">(1)</font></font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">461,599</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">386,281</font></p>


















</td>
















</tr>
<tr style="height: 1pt;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Properties for resale</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">21,887</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">22,222</font></p>


















</td>
















</tr>
<tr style="height: 1pt; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">4,371,941</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">4,291,431</font></p>


















</td>
















</tr>



































</table>
<p style="margin: 0pt; break-after: avoid; break-inside: avoid; text-indent: 28.4pt; text-align: left; line-height: 1.2;"><font style="font-family: 'times new roman', times; font-size: 10pt; vertical-align: super; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; break-after: avoid; break-inside: avoid; line-height: 1.2;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><sup><font style="vertical-align: super; line-height: inherit;">(1) </font></sup>Refers substantially to ethanol, biodiesel and advances for fuel acquisition</font></p>
<p style="margin: 0pt; line-height: 1.2;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; break-after: avoid; break-inside: avoid; text-align: justify; line-height: 1.2;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Movements in the provision for inventory losses are as follows:</font></p>
<p style="margin: 0pt; break-after: avoid; break-inside: avoid; line-height: 1.2;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<table cellspacing="0" cellpadding="0" style="border-collapse: collapse; margin-left: 0pt; font-family: 'times new roman'; font-size: 10pt;" width="100%">

<tr style="height: 11.35pt; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 90%; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">Balance as of December 31, 2023</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 10%; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">7,031</font></p>


















</td>


















</tr>
<tr style="height: 11.35pt;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Provision for obsolescence and other losses</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">3,300</font></p>


















</td>


















</tr>
<tr style="height: 11.35pt; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Reversal of provision for adjustment to realizable value</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(1,353)</font></p>


















</td>


















</tr>
<tr style="height: 11.35pt;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">Balance as of March 31, 2024</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">8,978</font></p>


















</td>


















</tr>





































</table>
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<div style="background-color: #002060; margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; widows: 0;"><a style="text-decoration: none; color: #000000; cursor: default; outline: none; pointer-events: none;" href="#TOC" name="Ba8_342024144452866" class="customBookmark"><font style="color: #ffffff; font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">7. Recoverable taxes (Consolidated)</font></a></div>
<p style="margin: 0pt; break-after: avoid; break-inside: avoid; line-height: 1.2;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; break-after: avoid; break-inside: avoid; line-height: 1.2;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">a. Recoverable taxes</font></p>
<p style="margin: 0pt; break-after: avoid; break-inside: avoid; text-align: justify; line-height: 1.2;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; break-after: avoid; break-inside: avoid; text-align: justify; line-height: 1.2;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Recoverable taxes are substantially represented by credits of Tax on Goods and Services (&#8220;ICMS&#8221;, the Brazilian VAT), Contribution for Social Security Financing (&#8220;COFINS&#8221;) and Social Integration Program (&#8220;PIS&#8221;).</font></p>
<p style="margin: 0pt; break-after: avoid; break-inside: avoid; text-align: justify; line-height: 1.2;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<table cellspacing="0" cellpadding="0" style="border-collapse: collapse; margin-left: 0pt; font-family: 'times new roman'; font-size: 10pt;" width="100%">

<tr style="height: 1pt;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">03/31/2024</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">12/31/2023</font></p>


















</td>
















</tr>
<tr style="height: 1pt; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 79%; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">ICMS - State VAT (a.1)</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 10%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;"> 1,323,473</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 1%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 10%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;"> 1,365,128</font></p>


















</td>
















</tr>
<tr style="height: 1pt;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">PIS and COFINS - Federal VAT (a.2)</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;"> 2,440,005</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;"> 2,761,262</font></p>


















</td>
















</tr>
<tr style="height: 1pt; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Others</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;"> 68,580</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;"> 77,249</font></p>


















</td>
















</tr>
<tr style="height: 1pt;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Total</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;"> 3,832,058</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;"> 4,203,639</font></p>


















</td>
















</tr>
<tr style="height: 1pt; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Current</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;"> 1,524,461</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;"> 1,462,269</font></p>


















</td>
















</tr>
<tr style="height: 1pt;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Non-current</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;"> 2,307,597</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;"> 2,741,370</font></p>


















</td>
















</tr>



































</table>
<p style="margin: 2pt 0pt 0pt; text-align: justify; line-height: 1.2;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>













</div>
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</div>
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<table style="font-size: 10pt; width: 100%; height: 30px; border-collapse: collapse; font-family: 'times new roman';">

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<td style="height: 10px; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times; font-size: 12pt; font-weight: bold; float: none; line-height: inherit; display: inline !important;">Ultrapar Participa&#231;&#245;es S.A. and Subsidiaries</font></td>
<td style="height: 10px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><img src="imgc0dec36d433f45a2aa5c.jpg" style="float: right;" alt="Graphics"></font></td>

















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<tr style="height: 10px;">
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<p style="margin: 2pt 0in 0in; text-align: justify; font-size: 11pt; font-family: 'Times New Roman', serif;"><font style="font-family: 'times new roman', times; font-size: 10pt;">
















<b style="mso-bidi-font-weight: normal;">Notes to the interim financial information</b>


</font></p>

















</td>
<td style="height: 10px;"><br></td>

















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<tr style="height: 10px;">
<td style="font-size: 10pt; height: 10px; width: 75%; border-bottom-width: 1.5pt; border-bottom-style: solid; border-bottom-color: #000080 !important;">
<p style="margin: 2pt 0in 0.0001pt; text-align: justify; font-size: 11pt; font-family: 'Times New Roman', 'serif';"><font style="font-family: 'times new roman', times; font-size: 10pt;"><b style="mso-bidi-font-weight: normal;">For the period ended March 31, 2024</b></font><b><font style="font-size: 9.0pt; font-family: 'Arial','sans-serif';"></font></b></p>

















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<div style="width: 8.5in; margin: 0 auto;">
<p style="margin: 0pt; break-after: avoid; break-inside: avoid; text-align: justify; text-indent: 0pt; line-height: 1.2;">&nbsp;&nbsp;</p>
<p style="margin: 0pt; break-after: avoid; break-inside: avoid; text-align: justify; text-indent: 0pt; line-height: 1.2;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><font style="font-weight: bold;">a.1</font> The recoverable ICMS net of provision for losses is substantially related to the following operations: </font></p>
<p style="margin: 0pt; break-after: avoid; break-inside: avoid; text-align: justify; line-height: 1.2; text-indent: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify; line-height: 1.2; text-indent: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Tax credits recognized mainly of the following nature: a) transactions of inputs and outputs of products subject to taxation of the own ICMS; b) interstate outflows of oil-related products, whose ICMS was prepaid by the supplier (Petr&#243;leo Brasileiro S.A. (&#8220;Petrobras&#8221;)); c) credits for refunds of the ICMS-ST (tax substitution) overpaid when the estimated calculation base used is higher than that of the actual operation performed.</font></p>
<p style="margin: 0px; text-align: justify; line-height: 1.2; text-indent: 0px;"><br></p>
<p style="margin: 0pt; break-after: avoid; break-inside: avoid; text-align: justify; line-height: 1.2;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">In the second quarter of 2023, with the enactment of Supplementary Law 192/22, the single-phase ICMS levy on LPG, diesel, biodiesel, gasoline and anhydrous ethanol became effective. Due to the advent of this new calculation modality, the subsidiaries have stopped generating credits related to the refunds of ICMS-ST (tax substitution).</font></p>
<p style="margin: 0pt; break-after: avoid; break-inside: avoid; line-height: 1.2;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; break-after: avoid; break-inside: avoid; text-align: justify; line-height: 1.2;"><font style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"><font style="font-weight: bold; line-height: inherit;">a.2</font> The recoverable PIS and COFINS are substantially related to:</font></p>
<p style="margin: 0pt; break-after: avoid; break-inside: avoid; text-align: justify; line-height: 1.2;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;&nbsp;</font></p>
<p style="margin: 0pt 0pt 12pt; text-align: justify; line-height: 1.2;"><font style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"><font style="font-weight: bold; line-height: inherit;">ICMS in the PIS and COFINS calculation basis - </font>The balance of PIS and COFINS includes credits recorded under Laws 10,637/02 and 10,833/03, as well as amounts arising from a favorable decision regarding the exclusion of ICMS from the PIS and COFINS calculation basis.</font></p>
<p style="margin: 0pt; text-align: justify; line-height: 1.2; text-indent: 0pt;"><font style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"><font style="font-weight: bold; line-height: inherit;">Supplementary Law 192 -</font>&nbsp; On March 11, 2022 Supplementary Law (&#8220;LC&#8221; 192/22&#8221;) was published to reduce the tax burden of the fuel supply chain. Art. 9 of said law established the reduction of the PIS and COFINS tax rates levied on diesel, biodiesel and LPG to zero through December 31, 2022, ensuring at the same time the maintenance of credits taken across the whole supply chain.</font></p>
<p style="margin: 0pt; text-align: justify; line-height: 1.2; text-indent: 0pt;">&nbsp;</p>
<p style="margin: 0pt; text-align: justify; line-height: 1.2; text-indent: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">On May 18, 2022, Provisional Act 1,118/22 amended Supplementary Law 192/22 to eliminate the right to take PIS and Cofins credits on purchases of diesel, LPG and biodiesel by end consumers. With the enactment of said Provisional Act, on June 2, 2022, a Direct Unconstitutionality Action 7181 was filed to challenge the provision in MP 1,118/22. On June 21, 2022, the Federal Supreme Court unanimously ratified the decision that considered MP 1,118/22 unconstitutional due to violation of the 90-day principle.</font></p>
<p style="margin: 0pt; text-align: justify; line-height: 1.2; text-indent: 0pt;">&nbsp;</p>
<p style="margin: 0pt; text-align: justify; line-height: 1.2; text-indent: 0pt;"><font style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;">Due to such court injunction and the non-conversion of Provisional Act 1,118/22 into law, the provisions in LC 192/22, which assured to all legal entities that are part of the fuel supply chain, including the Company&#8217;s subsidiaries, the maintenance of PIS and COFINS credits in connection with those transactions in the period from March 11, 2022 (LC 192/22 publication date) to August 15, 2022 (90 days after the publication of the provisional act that restricted the right to take credits on taxpayers), which, as decided by STF, must be the MP 1,118/22 effective date, remained in force.&nbsp; </font></p>
<p style="margin: 0pt; text-align: justify; line-height: 1.2; text-indent: 0pt;"><font style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;">&nbsp; &nbsp;</font></p>
<p style="margin: 0pt; text-align: justify; line-height: 1.2; text-indent: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">The Company, through its subsidiaries Ipiranga, Ultragaz and Bahiana, has credits in the amount of R$ 991,099 (R$ 1,088,303 as of December 31, 2023) from&nbsp; the LC 192/22. The Management estimates the realization of these credits within up to 5 years from the constitution date.</font></p>













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<p style="margin: 0pt; text-align: justify; line-height: 1.2; text-indent: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&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'>26</font></font></td>















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<td style="height: 10px; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times; font-size: 12pt; font-weight: bold; float: none; line-height: inherit; display: inline !important;">Ultrapar Participa&#231;&#245;es S.A. and Subsidiaries</font></td>
<td style="height: 10px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><img src="imgc0dec36d433f45a2aa5c.jpg" style="float: right;" alt="Graphics"></font></td>

















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<p style="margin: 2pt 0in 0in; text-align: justify; font-size: 11pt; font-family: 'Times New Roman', serif;"><font style="font-family: 'times new roman', times; font-size: 10pt;">
















<b style="mso-bidi-font-weight: normal;">Notes to the interim financial information</b>


</font></p>

















</td>
<td style="height: 10px;"><br></td>

















</tr>
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<td style="font-size: 10pt; height: 10px; width: 75%; border-bottom-width: 1.5pt; border-bottom-style: solid; border-bottom-color: #000080 !important;">
<p style="margin: 2pt 0in 0.0001pt; text-align: justify; font-size: 11pt; font-family: 'Times New Roman', 'serif';"><font style="font-family: 'times new roman', times; font-size: 10pt;"><b style="mso-bidi-font-weight: normal;">For the period ended March 31, 2024</b></font><b><font style="font-size: 9.0pt; font-family: 'Arial','sans-serif';"></font></b></p>

















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</table>










</div>
<p style="margin: 10pt 0pt 0pt; break-after: avoid; break-inside: avoid; line-height: 1.2; text-indent: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">b. Recoverable income and social contribution taxes</font></p>
<p style="margin: 0pt; break-after: avoid; break-inside: avoid; line-height: 1.2;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; break-after: avoid; break-inside: avoid; text-align: justify; line-height: 1.2;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Relates to IRPJ and CSLL to be recovered by the Company and its subsidiaries, arising from the tax advances of previous years, as well as referring to lawsuits on the non-levy of IRPJ and CSLL on the monetary variation (SELIC) in the repetition of undue payments. The Management estimates the realization of these credits within up to 5 years.</font></p>
<p style="margin: 0pt; break-after: avoid; break-inside: avoid; text-align: justify; line-height: 1.2;"><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; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">&nbsp;</font></p>


















</td>
<td colspan="3" style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">Consolidated</font></p>


















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<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">&nbsp;</font></p>


















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<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">03/31/2024</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">&nbsp;</font></p>


















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<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">12/31/2023</font></p>


















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<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt;">IRPJ and CSLL</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">404,247</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">396,405</font></p>


















</td>
















</tr>
<tr style="height: 1pt;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 79%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Current</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 10%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">163,725</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 1%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 10%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">171,051</font></p>


















</td>
















</tr>
<tr style="height: 1pt; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Non-current</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">240,522</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">225,354</font></p>


















</td>
















</tr>



































</table>
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: justify; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<div style="background-color: #002060; margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; widows: 0;"><a style="text-decoration: none; color: #000000; cursor: default; outline: none; pointer-events: none;" href="#TOC" name="Ba10_34202414458795" class="customBookmark"><font style="color: #ffffff; font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">8. Related parties</font></a></div>
<p style="text-align: justify; line-height: 1.2; margin: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">&nbsp;&nbsp;</font></p>
<p style="text-align: justify; line-height: 1.2; margin: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">a. Related parties</font></p>
<p style="text-align: justify; line-height: 1.2; margin: 0px; text-indent: 0px;"><br></p>
<p style="margin: 0pt; text-align: justify; line-height: 1.2;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">The balances and transactions between the Company and its related parties are disclosed below:</font></p>
<p style="text-align: justify; line-height: 1.2;;margin:0pt"><br></p>
<p style="margin: 0pt; line-height: 1.2;"><font style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"><font style="font-style: italic; font-weight: bold; line-height: inherit;">a</font><font style="font-weight: bold; line-height: inherit;">.1 Parent</font></font></p>
<p style="margin: 2pt 0pt 0pt; text-align: justify; line-height: 1.2;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<table cellspacing="0" cellpadding="0" style="border-collapse: collapse; margin-left: 0pt; font-family: 'times new roman'; font-size: 10pt; height: 238px; width: 100%;" width="100%">

<tr style="height: 17px;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>


















</td>
<td colspan="3" style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">Assets</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">&nbsp;</font></p>


















</td>
<td colspan="3" style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">Liabilities</font></p>


















</td>
















</tr>
<tr style="height: 17px;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">03/31/2024</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">12/31/2023</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">03/31/2024</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">12/31/2023</font></p>


















</td>
















</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; width: 56%; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">Transactions with joint ventures</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; width: 1%; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; width: 10%; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; width: 1%; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; width: 10%; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; width: 1%; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; width: 10%; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; width: 1%; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; width: 10%; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>


















</td>
















</tr>
<tr style="height: 17px;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Qu&#237;mica da Bahia Ind&#250;stria e Com&#233;rcio S.A.</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-size: 10pt; font-family: 'times new roman', times;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; -&nbsp;&nbsp; </font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; -&nbsp;&nbsp; </font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2,875 </font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2,875 </font></p>


















</td>
















</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>


















</td>
















</tr>
<tr style="height: 17px;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">Transactions with Ultra Group companies</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>


















</td>
















</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Ipiranga Produtos de Petr&#243;leo S.A.</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-size: 10pt; font-family: 'times new roman', times;">&nbsp;&nbsp;&nbsp;&nbsp; 49,351 </font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;&nbsp;&nbsp;&nbsp; 69,118 </font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4,017 </font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3,843 </font></p>


















</td>
















</tr>
<tr style="height: 17px;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Cia Ultragaz S.A.</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;&nbsp;&nbsp;&nbsp; 26,950 </font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;&nbsp;&nbsp;&nbsp; 18,741 </font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4,682 </font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 880 </font></p>


















</td>
















</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Ultracargo Log&#237;stica S.A.</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6,793 </font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3,369 </font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 112 </font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 183 </font></p>


















</td>
















</tr>
<tr style="height: 17px;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Ea&#237; Clube Automobilista S.A. </font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-size: 10pt; font-family: 'times new roman', times;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1,526 </font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 621 </font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; -&nbsp;&nbsp; </font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; -&nbsp;&nbsp; </font></p>


















</td>
















</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">UVC Investimentos Ltda </font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 313 </font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 217 </font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 57 </font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 40 </font></p>


















</td>
















</tr>
<tr style="height: 17px;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">am/pm Comest&#237;veis Ltda.</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4,822 </font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2,994 </font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 185 </font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 232 </font></p>


















</td>
















</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Others</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 108 </font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 52 </font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; -&nbsp;&nbsp; </font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 84 </font></p>


















</td>
















</tr>
<tr style="height: 17px;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">Total</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">&nbsp;&nbsp;&nbsp;&nbsp; 89,863 </font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">&nbsp;&nbsp;&nbsp;&nbsp; 95,112 </font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">&nbsp;&nbsp;&nbsp;&nbsp; 11,928 </font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8,137 </font></p>


















</td>
















</tr>



































</table>
<p style="margin: 2pt 0pt 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<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: 1pt;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>


















</td>
<td colspan="3" style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">Assets</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">&nbsp;</font></p>


















</td>
<td colspan="3" style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">Liabilities</font></p>


















</td>
















</tr>
<tr style="height: 1pt;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; 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; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">03/31/2024</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">12/31/2023</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">03/31/2024</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">12/31/2023</font></p>


















</td>
















</tr>
<tr style="height: 1pt; background-color: #cceeff;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; width: 56%; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">Assets</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; width: 1%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; width: 10%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; width: 1%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; width: 10%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; width: 1%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; width: 10%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; width: 1%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; width: 10%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>


















</td>
















</tr>
<tr style="height: 1pt;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Other receivables</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">82,986</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">88,435</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">-</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">-</font></p>


















</td>
















</tr>
<tr style="height: 1pt; background-color: #cceeff;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Related parties</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">6,877</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">6,677</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">-</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">-</font></p>


















</td>
















</tr>
<tr style="height: 1pt;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>


















</td>
















</tr>
<tr style="height: 1pt; background-color: #cceeff;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">Liabilities</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>


















</td>
















</tr>
<tr style="height: 1pt;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Other payables</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">-</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">-</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">9,053</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">5,262</font></p>


















</td>
















</tr>
<tr style="height: 1pt; background-color: #cceeff;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Related parties</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">-</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">-</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">2,875</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">2,875</font></p>


















</td>
















</tr>
<tr style="height: 1pt;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">Total</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">&nbsp;&nbsp;&nbsp;&nbsp; 89,863 </font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">&nbsp;&nbsp;&nbsp;&nbsp; 95,112 </font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">&nbsp;&nbsp;&nbsp;&nbsp; 11,928 </font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8,137 </font></p>


















</td>
















</tr>



































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













</div>
<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'>27</font></font></td>















</tr>































</table>
<hr class="horizontalLineRemoved" style="border-bottom-color: #000000; border-top-color: #000000; color: #000000; background-color: #000000;"></hr>
<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div>















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

<tr style="height: 10px;">
<td style="height: 10px; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times; font-size: 12pt; font-weight: bold; float: none; line-height: inherit; display: inline !important;">Ultrapar Participa&#231;&#245;es S.A. and Subsidiaries</font></td>
<td style="height: 10px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><img src="imgc0dec36d433f45a2aa5c.jpg" style="float: right;" alt="Graphics"></font></td>

















</tr>
<tr style="height: 10px;">
<td style="height: 10px;">
<p style="margin: 2pt 0in 0in; text-align: justify; font-size: 11pt; font-family: 'Times New Roman', serif;"><font style="font-family: 'times new roman', times; font-size: 10pt;">
















<b style="mso-bidi-font-weight: normal;">Notes to the interim financial information</b>


</font></p>

















</td>
<td style="height: 10px;"><br></td>

















</tr>
<tr style="height: 10px;">
<td style="font-size: 10pt; height: 10px; width: 75%; border-bottom-width: 1.5pt; border-bottom-style: solid; border-bottom-color: #000080 !important;">
<p style="margin: 2pt 0in 0.0001pt; text-align: justify; font-size: 11pt; font-family: 'Times New Roman', 'serif';"><font style="font-family: 'times new roman', times; font-size: 10pt;"><b style="mso-bidi-font-weight: normal;">For the period ended March 31, 2024</b></font><b><font style="font-size: 9.0pt; font-family: 'Arial','sans-serif';"></font></b></p>

















</td>
<td style="height: 10px; border-bottom-width: 1.5pt; border-bottom-style: solid; border-bottom-color: #000080 !important;"></td>











</tr>























</table>










</div>
<p style="text-align: justify; line-height: 1.2;;margin:0pt"><br></p>
















</div>
<div>
<p style="margin: 0pt; line-height: 1.2;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">a.2 Consolidated</font></p>
<p style="margin: 2pt 0pt 0pt; break-after: avoid; break-inside: avoid; text-align: justify; line-height: 1.2;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify; line-height: 1.2;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Balances and transactions between the Company and its subsidiaries have been eliminated in consolidation and are not disclosed in this Note a.2. The balances and transactions between the Company and its subsidiaries with other related parties are highlighted below:</font></p>
<p style="margin: 0pt; text-align: justify; line-height: 1.2;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>
<table cellspacing="0" cellpadding="0" style="border-collapse: collapse; margin-left: 0pt; font-family: 'times new roman'; font-size: 10pt; height: 479px; width: 100%;" width="100%">

<tr style="height: 17px;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td colspan="3" style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">Assets</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>


















</td>
<td colspan="3" style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">Liabilities</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>


















</td>
<td colspan="3" style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">Financial result</font></p>


















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<tr style="height: 17px;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">03/31/2024</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">12/31/2023</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">03/31/2024</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">12/31/2023</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; 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; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">03/31/2024</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; 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; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">03/31/2023</font></p>


















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<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; width: 34%; background-color: #cceeff; height: 20px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">Balances and transactions with associates and joint ventures</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; width: 1%; background-color: #cceeff; height: 20px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; width: 10%; background-color: #cceeff; height: 20px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; width: 1%; background-color: #cceeff; height: 20px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; width: 10%; background-color: #cceeff; height: 20px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; width: 1%; background-color: #cceeff; height: 20px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















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<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; width: 10%; background-color: #cceeff; height: 20px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; width: 1%; background-color: #cceeff; height: 20px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; width: 10%; background-color: #cceeff; height: 20px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; width: 1%; background-color: #cceeff; height: 20px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; width: 10%; background-color: #cceeff; height: 20px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
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<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; width: 10%; background-color: #cceeff; height: 20px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















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<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 17px;">
<p style="margin: 0pt; text-align: right;"><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: right;"><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: right;"><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: right;"><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: right;"><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: right;"><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: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















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<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 17px;">
<p style="margin: 0pt; text-align: right;"><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: right;"><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: right;"><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: right;"><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: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















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<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt;"><br></p>


















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<p style="margin: 0pt; text-align: right;"><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: right;"><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: right;"><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: right;"><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: right;"><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: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
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<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
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<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















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<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><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;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Qu&#237;mica da Bahia Ind&#250;stria e Com&#233;rcio S.A.</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">-</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">-</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">2,875</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">2,875</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">-</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">-</font></p>


















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<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Refinaria de Petr&#243;leo Riograndense S.A.</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">-</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">-</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">4,384</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">29,278</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">(126,043)</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">(118,194)</font></p>


















</td>
















</tr>
<tr style="height: 17px;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Latitude Log&#237;stica Portu&#225;ria S.A.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">19,462</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">11,393</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">22</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">20</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">-</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">-</font></p>


















</td>
















</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Nordeste Logistica I S.A.</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">7,014</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">6,842</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">27</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">24</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">-</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">-</font></p>


















</td>
















</tr>
<tr style="height: 17px;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Nordeste Logistica III S.A.</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">-</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">-</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">18</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">18</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">-</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">-</font></p>


















</td>
















</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Navegantes Log&#237;stica Portu&#225;ria S.A.</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">14,031</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">13,703</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">-</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">-</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">-</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">-</font></p>


















</td>
















</tr>
<tr style="height: 17px;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Uni&#227;o Vopak Armaz&#233;ns Gerais Ltda.</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">32</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">32</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">-</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">-</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">102</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">200</font></p>


















</td>
















</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
















</tr>
<tr style="height: 34px;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 34px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">Balances and transactions with other related parties</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 34px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 34px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 34px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 34px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 34px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 34px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 34px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 34px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 34px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 34px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 34px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 34px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
















</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Chevron (Thailand) Limited <font style="font-size: 8pt;"><sup>(2)</sup></font></font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">184</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">-</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">-</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">-</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">153</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">197</font></p>


















</td>
















</tr>
<tr style="height: 17px;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Chevron Latin America Marketing LLC <font style="font-size: 8pt;"><sup>(2)</sup></font></font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">73</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">73</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">-</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">-</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">-</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">-</font></p>


















</td>
















</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Chevron Lubricants Oils S.A. <font style="font-size: 8pt;"><sup>(2)</sup></font></font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">-</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">353</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">-</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">-</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">-</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">-</font></p>


















</td>
















</tr>
<tr style="height: 17px;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Chevron Marine Products <font style="font-size: 8pt;"><sup>(2)</sup></font></font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">1,700</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">2,495</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">-</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">-</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">2,623</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">2,715</font></p>


















</td>
















</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt;"><font style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;">Chevron Oronite Brasil Ltda.&nbsp;<font style="font-size: 8pt;"><sup>(2)</sup></font></font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">-</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">-</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">48,502</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">53,466</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">(41,911)</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">(47,987)</font></p>


















</td>
















</tr>
<tr style="height: 17px;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Chevron Products Company <font style="font-size: 8pt;"><sup>(2)</sup></font></font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">-</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">-</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">67,407</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">63,263</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">(150,522)</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">(78,377)</font></p>


















</td>
















</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt;"><font style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;">Chevron Belgium NV&nbsp;<font style="font-size: 8pt;"><sup>(2)</sup></font></font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">-</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">-</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">901</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">1,346</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">(3,500)</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">(9,591)</font></p>


















</td>
















</tr>
<tr style="height: 17px;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 17px;">
<p style="margin: 0pt;"><font style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;">Chevron Petroleum CO Colombia&nbsp;<font style="font-size: 8pt;"><sup>(2)</sup></font></font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">-</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">294</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">-</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">-</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">-</font></p>


















</td>
















</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt;"><font style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;">Chevron Brasil Oleo e Gas Ltda. <font style="font-size: 8pt;"><sup>(2)</sup></font></font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">-</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">-</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">36</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">37</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">-</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">-</font></p>


















</td>
















</tr>
<tr style="height: 17px;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Chevron Lubricants Lanka PLC <font style="font-size: 8pt;"><sup>(2)</sup></font></font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">49</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">144</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">-</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">-</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">-</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">-</font></p>


















</td>
















</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">MLF Holding LTDA<font style="font-size: 8pt;"><sup> (3)</sup></font></font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">-</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">-</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">-</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">-</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">(44)</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">-</font></p>


















</td>
















</tr>
<tr style="height: 17px;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Others</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">173</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">-</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">443</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">243</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">-</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">-</font></p>


















</td>
















</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">Total</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; background-color: #cceeff; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">42,718</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; background-color: #cceeff; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">35,035</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; background-color: #cceeff; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">124,909</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; background-color: #cceeff; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">150,570</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; background-color: #cceeff; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">(319,142)</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; background-color: #cceeff; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">(251,037)</font></p>


















</td>
















</tr>



































</table>
















</div>
<p><font style="font-size: 10pt; text-align: justify;">&nbsp;</font></p>













</div>













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

<tr>
<td class="pgno" style="padding: 0px; text-align: center;"><font style="font-size: 10pt;" class="pageno"><font class='pageno'>28</font></font></td>















</tr>































</table>
<hr class="horizontalLineRemoved" style="border-bottom-color: #000000; border-top-color: #000000; color: #000000; background-color: #000000;"></hr>
<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div>















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

<tr style="height: 10px;">
<td style="height: 10px; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times; font-size: 12pt; font-weight: bold; float: none; line-height: inherit; display: inline !important;">Ultrapar Participa&#231;&#245;es S.A. and Subsidiaries</font></td>
<td style="height: 10px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><img src="imgc0dec36d433f45a2aa5c.jpg" style="float: right;" alt="Graphics"></font></td>

















</tr>
<tr style="height: 10px;">
<td style="height: 10px;">
<p style="margin: 2pt 0in 0in; text-align: justify; font-size: 11pt; font-family: 'Times New Roman', serif;"><font style="font-family: 'times new roman', times; font-size: 10pt;">
















<b style="mso-bidi-font-weight: normal;">Notes to the interim financial information</b>


</font></p>

















</td>
<td style="height: 10px;"><br></td>

















</tr>
<tr style="height: 10px;">
<td style="font-size: 10pt; height: 10px; width: 75%; border-bottom-width: 1.5pt; border-bottom-style: solid; border-bottom-color: #000080 !important;">
<p style="margin: 2pt 0in 0.0001pt; text-align: justify; font-size: 11pt; font-family: 'Times New Roman', 'serif';"><font style="font-family: 'times new roman', times; font-size: 10pt;"><b style="mso-bidi-font-weight: normal;">For the period ended March 31, 2024</b></font><b><font style="font-size: 9.0pt; font-family: 'Arial','sans-serif';"></font></b></p>

















</td>
<td style="height: 10px; border-bottom-width: 1.5pt; border-bottom-style: solid; border-bottom-color: #000080 !important;"></td>











</tr>























</table>










</div>
<p style="text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<table cellspacing="0" cellpadding="0" style="border-collapse: collapse; margin-left: 0pt; font-family: 'times new roman'; font-size: 10pt; height: 272px; width: 100%;" width="100%">

<tr style="height: 17px;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>


















</td>
<td colspan="3" style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">Assets</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">&nbsp;</font></p>


















</td>
<td colspan="3" style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">Liabilities</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">&nbsp;</font></p>


















</td>
<td colspan="3" style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">Financial result</font></p>


















</td>
















</tr>
<tr style="height: 17px;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; 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; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">03/31/2024</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">12/31/2023</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">03/31/2024</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">12/31/2023</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; 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; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">03/31/2024</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; 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; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">03/31/2023</font></p>


















</td>
















</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 17px; width: 34%; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">Assets</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 17px; width: 1%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 17px; width: 10%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 17px; width: 1%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 17px; width: 10%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 17px; width: 1%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 17px; width: 10%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 17px; width: 1%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 17px; width: 10%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 17px; width: 1%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 17px; width: 10%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 17px; width: 1%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 17px; width: 10%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>


















</td>
















</tr>
<tr style="height: 17px;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Trade receivables (see Note 5)</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">2,038</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">3,143</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">-</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">-</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">-</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">-</font></p>


















</td>
















</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Other receivables</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">-</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">-</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">-</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">-</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">-</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">-</font></p>


















</td>
















</tr>
<tr style="height: 17px;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Related parties <font style="font-size: 8pt;"><sup>(1)</sup></font></font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">40,680</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">31,892</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">-</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">-</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">-</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">-</font></p>


















</td>
















</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>


















</td>
















</tr>
<tr style="height: 17px;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">Liabilities</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>


















</td>
















</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Trade payables (see Note 16)</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">-</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">-</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">121,591</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">147,452</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">-</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">-</font></p>


















</td>
















</tr>
<tr style="height: 17px;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Other payables</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">-</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">-</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">-</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">-</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">-</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">-</font></p>


















</td>
















</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Related parties<font style="font-size: 8pt;"><sup> (1)</sup></font></font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">-</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">-</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">3,318</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">3,118</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">-</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">-</font></p>


















</td>
















</tr>
<tr style="height: 17px;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>


















</td>
















</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">Results</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>


















</td>
















</tr>
<tr style="height: 17px;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Sales and services provided</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">-</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">-</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">-</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">-</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">2,909</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">3,112</font></p>


















</td>
















</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Purchases</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">-</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">-</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">-</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">-</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(322,051)</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(254,149)</font></p>


















</td>
















</tr>
<tr style="height: 17px;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">Total</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">42,718</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">35,035</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">124,909</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">150,570</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">(319,142)</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">(251,037)</font></p>


















</td>
















</tr>



































</table>
<p style="margin: 2pt 0pt 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: justify; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<table style="width: 100%; margin-left: 0.1px; border-collapse: collapse; font-family: 'times new roman'; font-size: 10pt;">

<tr>
<td style="width: 3%; vertical-align: top;" valign="top"><sup><font style="color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; 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;">(1)</font></sup></td>
<td style="width: 97%;"><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: 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;">Loans contracted have indefinite terms and do not contain remuneration clauses.</font></td>
















</tr>
<tr>
<td valign="top" style="vertical-align: top;"><sup><font style="color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; 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;">(2)</font></sup></td>
<td><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: 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;">Non-controlling shareholders and other related parties of Iconic.</font></td>
















</tr>
<tr>
<td valign="top" style="vertical-align: top;"><sup><font style="color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; 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;">(3)</font></sup><br></td>
<td><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: 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;">Non-controlling shareholders and other related parties of Serra Diesel.</font></td>
















</tr>

































</table>
<div><br></div>













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

<tr>
<td class="pgno" style="padding: 0px; text-align: center;"><font style="font-size: 10pt;" class="pageno"><font class='pageno'>29</font></font></td>













</tr>



























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

<tr style="height: 10px;">
<td style="height: 10px; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times; font-size: 12pt; font-weight: bold; float: none; line-height: inherit; display: inline !important;">Ultrapar Participa&#231;&#245;es S.A. and Subsidiaries</font></td>
<td style="height: 10px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><img src="imgc0dec36d433f45a2aa5c.jpg" style="float: right;" alt="Graphics"></font></td>

















</tr>
<tr style="height: 10px;">
<td style="height: 10px;">
<p style="margin: 2pt 0in 0in; text-align: justify; font-size: 11pt; font-family: 'Times New Roman', serif;"><font style="font-family: 'times new roman', times; font-size: 10pt;">
















<b style="mso-bidi-font-weight: normal;">Notes to the interim financial information</b>


</font></p>

















</td>
<td style="height: 10px;"><br></td>

















</tr>
<tr style="height: 10px;">
<td style="font-size: 10pt; height: 10px; width: 75%; border-bottom-width: 1.5pt; border-bottom-style: solid; border-bottom-color: #000080 !important;">
<p style="margin: 2pt 0in 0.0001pt; text-align: justify; font-size: 11pt; font-family: 'Times New Roman', 'serif';"><font style="font-family: 'times new roman', times; font-size: 10pt;"><b style="mso-bidi-font-weight: normal;">For the period ended March 31, 2024</b></font><b><font style="font-size: 9.0pt; font-family: 'Arial','sans-serif';"></font></b></p>

















</td>
<td style="height: 10px; border-bottom-width: 1.5pt; border-bottom-style: solid; border-bottom-color: #000080 !important;"></td>











</tr>























</table>










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</div>
<div>
<p style="margin: 0pt; text-align: justify; line-height: 1.2;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify; line-height: 1.2;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Purchase and sale transactions relate substantially to the purchase of raw materials, feedstock, transportation, and storage services based on prices and terms negotiated between the parties, with customers and suppliers with comparable operational performance. In the opinion of the Company&#8217;s and its subsidiaries&#8217; Management, transactions with related parties are not subject to settlement risk, therefore, no allowance for expected credit losses or guarantees are recorded. </font></p>
<p style="margin: 2pt 0pt 0pt; text-align: justify; line-height: 1.2;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; break-after: avoid; break-inside: avoid; line-height: 1.2;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">b. Key executives (Consolidated)</font></p>
<p style="margin: 2pt 0pt 0pt; text-align: justify; line-height: 1.2;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;&nbsp;</font></p>
<p style="margin: 0pt; break-after: avoid; break-inside: avoid; text-align: justify; line-height: 1.2;"><font style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;">The Ultrapar's compensation policy and practices are designed to align short and long-term interests with shareholders and the Company's sustainability. The short and long-term variable compensation, a significant portion of the total Board remuneration, is linked to growth goals in results and generated economic value, aligned with shareholders' interests. The individual goals associated with the businesses&#8217; operating and commercial performance, people development, projects execution, among other objectives, always in line with the strategic plan approved by the Board of Directors. In addition, to consolidate the alignment of interests between management and shareholders, members of Ultrapar&#8217;s management receive variable short-term&nbsp; compensation linked to performance based on financial goals defined for each business and for Ultrapar. Since 2022, executives have at least 1/3 of their individual goals related to the ESG agenda. For details about post-employment benefits see Note 17.b.</font></p>
<p style="margin: 0pt; text-align: justify; line-height: 1.2;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; break-after: avoid; break-inside: avoid; text-align: justify; line-height: 1.2;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">The expenses for compensation of its key executives (Company&#8217;s directors and executive officers) are shown below: </font></p>
<p style="margin: 0pt 0pt 0pt 14.2pt; break-after: avoid; break-inside: avoid; line-height: 1.2;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<table cellspacing="0" cellpadding="0" style="border-collapse: collapse; margin-left: 0pt; font-family: 'times new roman'; font-size: 10pt; height: 78px; width: 100%;" width="100%">

<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">03/31/2024</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">03/31/2023</font></p>


















</td>
















</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; width: 79%; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Short-term compensation</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; width: 10%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">11,798</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; width: 1%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; width: 10%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">13,532</font></p>


















</td>
















</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Stock compensation</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">10,136</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">5,833</font></p>


















</td>
















</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Post-employment benefits</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">725</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">794</font></p>


















</td>
















</tr>
<tr style="height: 10px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Total</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">22,659</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">20,159</font></p>


















</td>
















</tr>



































</table>
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; vertical-align: super; line-height: inherit;">&nbsp;</font></p>














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

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<td class="pgno" style="padding: 0px; text-align: center;"><font style="font-size: 10pt;" class="pageno"><font class='pageno'>30</font></font></td>















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<div style="width: 8.5in; margin: 0 auto;">
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<table style="font-size: 10pt; width: 100%; height: 30px; border-collapse: collapse; font-family: 'times new roman';">

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<td style="height: 10px; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times; font-size: 12pt; font-weight: bold; float: none; line-height: inherit; display: inline !important;">Ultrapar Participa&#231;&#245;es S.A. and Subsidiaries</font></td>
<td style="height: 10px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><img src="imgc0dec36d433f45a2aa5c.jpg" style="float: right;" alt="Graphics"></font></td>

















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<p style="margin: 2pt 0in 0in; text-align: justify; font-size: 11pt; font-family: 'Times New Roman', serif;"><font style="font-family: 'times new roman', times; font-size: 10pt;">
















<b style="mso-bidi-font-weight: normal;">Notes to the interim financial information</b>


</font></p>

















</td>
<td style="height: 10px;"><br></td>

















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<tr style="height: 10px;">
<td style="font-size: 10pt; height: 10px; width: 75%; border-bottom-width: 1.5pt; border-bottom-style: solid; border-bottom-color: #000080 !important;">
<p style="margin: 2pt 0in 0.0001pt; text-align: justify; font-size: 11pt; font-family: 'Times New Roman', 'serif';"><font style="font-family: 'times new roman', times; font-size: 10pt;"><b style="mso-bidi-font-weight: normal;">For the period ended March 31, 2024</b></font><b><font style="font-size: 9.0pt; font-family: 'Arial','sans-serif';"></font></b></p>

















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<div>
<p style="margin: 2pt 0pt 0pt; break-after: avoid; break-inside: avoid; line-height: 1.2;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 2pt 0pt 0pt; break-after: avoid; break-inside: avoid; line-height: 1.2;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">c. Deferred stock plan (Consolidated)</font></p>
<p style="margin: 0pt; break-after: avoid; break-inside: avoid; line-height: 1.2;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt 0pt 12pt; text-align: justify; line-height: 1.2;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">On April 19, 2017, the Ordinary and Extraordinary General Shareholders&#8217; Meeting (&#8220;OEGM&#8221;) approved a share-based incentive plan (&#8220;Plan 2017&#8221;), which establishes the general terms and conditions for granting of common shares issued by the Company and held in treasury, that may or may not involve the granting of usufruct of part of these shares for later transfer of the ownership of the shares, with vesting periods determined in each Program, to directors or employees of the Company or its subsidiaries. As a result of the Plan approved in 2017, common shares representing at most 1% of the Company's share capital could be delivered to the participants, which corresponded, at the date of approval of this Plan, to 11,128,102 common shares.</font></p>
<p style="margin: 0pt; break-after: avoid; break-inside: avoid; text-align: justify; line-height: 1.2;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">At the OEGM held on April 19, 2023, Ultrapar's shareholders approved a proposal for amendment to the 2017 Plan, permitting that, if the participant becomes a member of the Company's Board of Directors, thus ceasing to hold any other executive position, the right to receive ownership of the shares will be preserved, maintaining the conditions and other requirements established in the applicable programs and in each agreement. </font></p>
<p style="margin: 0pt; break-after: avoid; break-inside: avoid; text-align: justify; line-height: 1.2;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify; line-height: 1.2;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">The share-based incentive plan ("2023 Plan") establishes the general terms and conditions for the Company or its subsidiaries to grant common shares issued by the Company and held in treasury, that may or may not involve the granting of usufruct of common shares issued by it held in treasury for later transfer of the ownership of the shares, subject to the terms and conditions set forth in the 2023 Plan, to the Management, including the members of Ultrapar's Board of Directors, or employees of the Company or of companies under its direct or indirect control. In the case of members of the Board of Directors, the grants will be mandatorily linked to the remuneration approved by the shareholders at the Ordinary General Meeting.</font></p>
<p style="margin: 0pt; text-align: justify; line-height: 1.2;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify; line-height: 1.2;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">As a result of the 2023 Plan, common shares representing at most 5% of the Company's share capital may be delivered to the participants, which corresponded, at the date of approval of said Plan, to 55,760,215 common shares. Annually, a maximum of 1% of this limit may be used.</font></p>
<p style="margin: 0pt; break-after: avoid; break-inside: avoid; text-align: justify; line-height: 1.2;"><font style="font-family: 'times new roman', times; font-size: 10pt; 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'>31</font></font></td>















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<table style="font-size: 10pt; width: 100%; height: 30px; border-collapse: collapse; font-family: 'times new roman';">

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<td style="height: 10px; vertical-align: bottom; width: 74.8775%;" valign="bottom"><font style="font-family: 'times new roman', times; font-size: 12pt; font-weight: bold; float: none; line-height: inherit; display: inline !important;">Ultrapar Participa&#231;&#245;es S.A. and Subsidiaries</font></td>
<td style="height: 10px; width: 25%;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><img src="imgc0dec36d433f45a2aa5c.jpg" style="float: right;" alt="Graphics"></font></td>

















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<tr style="height: 10px;">
<td style="height: 10px; width: 74.8775%;">
<p style="margin: 2pt 0in 0in; text-align: justify; font-size: 11pt; font-family: 'Times New Roman', serif;"><font style="font-family: 'times new roman', times; font-size: 10pt;">
















<b style="mso-bidi-font-weight: normal;">Notes to the interim financial information</b>


</font></p>

















</td>
<td style="height: 10px; width: 25%;"><br></td>

















</tr>
<tr style="height: 10px;">
<td style="font-size: 10pt; height: 10px; width: 75%; border-bottom-width: 1.5pt; border-bottom-style: solid; border-bottom-color: #000080 !important;">
<p style="margin: 2pt 0in 0.0001pt; text-align: justify; font-size: 11pt; font-family: 'Times New Roman', 'serif';"><font style="font-family: 'times new roman', times; font-size: 10pt;"><b style="mso-bidi-font-weight: normal;">For the period ended March 31, 2024</b></font><b><font style="font-size: 9.0pt; font-family: 'Arial','sans-serif';"></font></b></p>
















</td>
<td style="height: 10px; border-bottom-width: 1.5pt; border-bottom-style: solid; border-bottom-color: #000080 !important;"></td>










</tr>























</table>










</div>
<p style="margin: 0pt; line-height: 1.2; text-align: left;">&nbsp;&nbsp;</p>















</div>
<div>
<div style="width: 8.5in; margin: 0 auto;">
<p style="margin: 0pt 0pt 12pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt;">The table below summarizes the restricted and performance stock programs under the 2017 Plan and the 2023 Plan:</font></p>
<table cellspacing="0" cellpadding="0" style="border-collapse: collapse; margin-left: 0pt; font-family: 'times new roman'; font-size: 10pt; height: 326px; width: 100%;" width="100%">

<tr style="height: 20px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 20px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">Program</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 20px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">Grant date</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 20px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">Number of shares granted (Quantity)</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 20px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">Vesting period</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 20px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">Fair value of shares on the grant date (in R$)</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 20px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">Total exercisable grant costs, including taxes (in R$ thousands)</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 20px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 20px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">Accumulated recognized exercisable grant costs (in R$ thousands)</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 20px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 20px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">Unrecognized exercisable grant costs (in R$ thousands)</font></p>


















</td>













</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; width: 13%; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Restricted</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; width: 13%; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt;">September 19, 2018</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; width: 12%; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;"> 80,000</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; width: 12%; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;">2024</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; width: 12%; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;">19.58</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; width: 12%; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;"> 2,697</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; width: 1%; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; width: 12%; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;"> (2,474)</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; width: 1%; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; width: 12%; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;"> 223</font></p>


















</td>













</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Restricted</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt;">April 3, 2019</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;"> 23,030</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;">2024</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;">23.25</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;"> 1,024</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;"> (1,024)</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#8208;</font></p>


















</td>













</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Restricted</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt;">September 2, 2019</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;"> 240,000</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;">2025</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;">16.42</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;"> 6,774</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;"> (5,179)</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;"> 1,595</font></p>


















</td>













</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Restricted</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt;">April 1, 2020</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;"> 89,388</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;">2024 to 2025</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;">12.53</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;"> 2,101</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;"> (1,892)</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;"> 209</font></p>


















</td>













</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Performance</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt;">April 1, 2020</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;"> 144,202</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;">2024 to 2025</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;">12.53</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;"> 3,430</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;"> (3,171)</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;"> 259</font></p>


















</td>













</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Restricted</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt;">September 16, 2020</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;"> 140,000</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;">2026</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;">23.03</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;"> 5,464</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;"> (3,263)</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;"> 2,201</font></p>


















</td>













</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Restricted</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt;">April 7, 2021</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;"> 337,034</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;">2024</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;">21.00</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;"> 13,480</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;"> (13,480)</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#8208;</font></p>


















</td>













</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Performance</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt;">April 7, 2021</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;"> 644,653</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;">2024</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;">21.00</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;"> 25,349</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;"> (25,349)</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#8208;</font></p>


















</td>













</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Restricted</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt;">September 22, 2021</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;"> 1,000,000</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;">2027</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;">14.17</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;"> 24,093</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;"> (10,315)</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;"> 13,778</font></p>


















</td>













</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Restricted</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt;">April 6, 2022</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;"> 667,194</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;">2025</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;">14.16</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;"> 17,781</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;"> (11,897)</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;"> 5,884</font></p>


















</td>













</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Performance</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt;">April 6, 2022</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;"> 935,493</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;">2025</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;">14.16</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;"> 24,857</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;"> (17,277)</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;"> 7,580</font></p>


















</td>













</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Restricted</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt;">September 21, 2022</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;"> 2,640,000</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;">2032</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;">12.98</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;"> 64,048</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;"> (10,141)</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;"> 53,907</font></p>


















</td>













</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Restricted</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt;">December 7, 2022</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;"> 1,500,000</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;">2032</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;">13.47</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;"> 37,711</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;"> (5,032)</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;"> 32,679</font></p>


















</td>













</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Restricted</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt;">April 20, 2023</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;"> 311,324</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;">2025</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;">14.50</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;"> 7,472</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;"> (3,736)</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;"> 3,736</font></p>


















</td>













</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Restricted</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt;">April 20, 2023</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;"> 1,179,409</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;">2026</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;">14.50</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;"> 31,936</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;"> (10,683)</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;"> 21,253</font></p>


















</td>













</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Performance</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt;">April 20, 2023</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;"> 1,184,320</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;">2026</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;">14.50</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;"> 32,050</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;"> (10,806)</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;"> 21,244</font></p>


















</td>













</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Restricted</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt;">September 20, 2023</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;"> 3,800,000</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;">2033</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;">18.75</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;"> 132,784</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;"> (7,753)</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;"> 125,031</font></p>


















</td>













</tr>
<tr style="height: 17px;">
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;"> 14,916,047</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;"> 433,051</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;"> (143,472)</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;"> 289,579</font></p>


















</td>













</tr>
































</table>
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: justify; widows: 0;"><br></p>
<table cellspacing="0" cellpadding="0" style="border-collapse: collapse; margin-left: 0pt; font-family: 'times new roman'; font-size: 10pt; height: 85px; width: 100%;" width="100%">

<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 89%; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">Balance as of December 31, 2023</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 1%; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 10%; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> 14,834,595</font></p>


















</td>


















</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Shares granted during the period</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;"> 87,503</font></p>


















</td>


















</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Cancellation of granted shares due to termination of executive employment</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;"> (5,118)</font></p>


















</td>


















</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Shares transferred (vesting)</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;"> (933)</font></p>


















</td>


















</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">Balance as of March 31, 2024</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> 14,916,047</font></p>


















</td>


















</tr>





































</table>
<p style="font-size: 10pt; line-height: 108%; margin: 0pt; text-indent: 0pt;">&nbsp;</p>
<p style="font-size: 10pt; line-height: 108%; ma;xt-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">The Company does not have shares that were not transferred after the period for transfer of bare ownership of the shares. For the three-month period ended March 31, 2024, an expense in the amount of R$ 21,035 was recognized in relation to the Plan (R$ 9,735 for the period ended March 31, 2023).</font></p>
<p style="font-size: 10pt; line-height: 108%; ma;xt-align: justify;;margin:0pt"><br></p>
<p style="font-size: 10pt; line-height: 108%; ma;xt-align: justify;;margin:0pt"><br></p>
<p style="font-size: 11pt; line-height: 108%; margin: 0pt 0pt 8pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">For all plans, the Company or the beneficiary does not have the option to receive cash, settlements are made only with the delivery of treasury shares. The values of the grants were determined on the granting date based on the market value of these shares on B3 (the Brazilian Stock Exchange).&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'>32</font></font></td>












</tr>

























</table>
<hr class="horizontalLineRemoved" style="border-bottom-color: #000000; border-top-color: #000000; color: #000000; background-color: #000000;"></hr>
<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div>












</div>
















</div>















</div><div style="font-family: 'times new roman', times; font-size: 10pt;">
<div style="line-height: 1.2;">
<div style="width: 8.5in; margin: 0 auto;">
<table style="font-size: 10pt; width: 100%; height: 30px; border-collapse: collapse; font-family: 'times new roman';">

<tr style="height: 10px;">
<td style="height: 10px; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times; font-size: 12pt; font-weight: bold; float: none; line-height: inherit; display: inline !important;">Ultrapar Participa&#231;&#245;es S.A. and Subsidiaries</font></td>
<td style="height: 10px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><img src="imgc0dec36d433f45a2aa5c.jpg" style="float: right;" alt="Graphics"></font></td>




















</tr>
<tr style="height: 10px;">
<td style="height: 10px;">
<p style="margin: 2pt 0in 0in; text-align: justify; font-size: 11pt; font-family: 'Times New Roman', serif;"><font style="font-family: 'times new roman', times; font-size: 10pt;">
















<b style="mso-bidi-font-weight: normal;">Notes to the interim financial information</b>


</font></p>




















</td>
<td style="height: 10px;"><br></td>




















</tr>
<tr style="height: 10px;">
<td style="font-size: 10pt; height: 10px; width: 75%; border-bottom-width: 1.5pt; border-bottom-style: solid; border-bottom-color: #000080 !important;">
<p style="margin: 2pt 0in 0.0001pt; text-align: justify; font-size: 11pt; font-family: 'Times New Roman', 'serif';"><font style="font-family: 'times new roman', times; font-size: 10pt;"><b style="mso-bidi-font-weight: normal;">For the period ended March 31, 2024</b></font><b><font style="font-size: 9.0pt; font-family: 'Arial','sans-serif';"></font></b></p>




















</td>
<td style="height: 10px; border-bottom-width: 1.5pt; border-bottom-style: solid; border-bottom-color: #000080 !important;"><br></td>




















</tr>









































</table>
<div style="line-height: 1.2;">
<p style="margin: 2pt 0pt 0pt; text-align: justify;"><img src="imgd30d6077dabf4949b50e.jpg" style="margin-left: -0.15pt; margin-top: 5.7pt; position: absolute; z-index: -65512;" alt="Image59"></p>
<div style="background-color: #002060; margin: 0pt; page-break-after: avoid; page-break-inside: avoid; margin-top: 10pt;"><a style="text-decoration: none; color: #000000; cursor: default; outline: none; pointer-events: none;" href="#TOC" name="BSD_7_342024144813933" class="customBookmark"><font style="color: #ffffff; font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">9. Income and social contribution taxes</font></a></div>
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 2pt 0pt 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">a. Deferred income (IRPJ) and social contribution taxes (CSLL)</font></p>
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">The Company and its subsidiaries recognize deferred tax assets and liabilities, which are not subject to the statute of limitations, mainly resulting from provision for differences between cash and accrual basis, tax loss carryforwards and provisions for tax, civil, and labor risks. Deferred tax assets are sustained by the continued profitability of their operations. Deferred IRPJ and CSLL are recognized under the following main categories:</font></p>
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<table cellspacing="0" cellpadding="0" style="border-collapse: collapse; margin-left: 0pt; font-family: 'times new roman'; font-size: 10pt;" width="100%">

<tr style="height: 1pt;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td colspan="3" style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">Parent</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td colspan="3" style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">Consolidated</font></p>


















</td>
















</tr>
<tr style="height: 1pt;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">03/31/2024</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">12/31/2023</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">03/31/2024</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">12/31/2023</font></p>


















</td>
















</tr>
<tr style="height: 1pt; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; width: 57%;">
<p style="margin: 0pt 0pt 0pt 10pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.4pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Assets - deferred income and social contribution taxes on:</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; width: 10%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; width: 1%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; width: 10%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; width: 1%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; width: 10%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; width: 1%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; width: 10%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
















</tr>
<tr style="height: 1pt;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt 0pt 0pt 20pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.75pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Provision for losses with assets</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">46,260</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">46,863</font></p>


















</td>
















</tr>
<tr style="height: 1pt; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt 0pt 0pt 20pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.75pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Provisions for tax, civil and labor risks</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">63,365</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">64,486</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">326,156</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">326,662</font></p>


















</td>
















</tr>
<tr style="height: 1pt;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt 0pt 0pt 20pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.75pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Provision for post-employment benefits</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">538</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">512</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">92,355</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">90,451</font></p>


















</td>
















</tr>
<tr style="height: 1pt; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt 0pt 0pt 20pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.75pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Provision for differences between cash and accrual basis <font style="font-size: 8pt;"><sup>(i)</sup></font></font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">6,249</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">35,989</font></p>


















</td>
















</tr>
<tr style="height: 1pt;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt 0pt 0pt 20pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.75pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Goodwill</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">6,278</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">7,976</font></p>


















</td>
















</tr>
<tr style="height: 1pt; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt 0pt 0pt 20pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.75pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Provision for asset retirement obligation</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">14,633</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">14,759</font></p>


















</td>
















</tr>
<tr style="height: 1pt;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt 0pt 0pt 20pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.75pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Operating provisions</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">7,778</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">3,247</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">42,948</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">299,609</font></p>


















</td>
















</tr>
<tr style="height: 1pt; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt 0pt 0pt 20pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.75pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Provision for profit sharing and bonus</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">3,103</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">12,590</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">26,847</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">91,883</font></p>


















</td>
















</tr>
<tr style="height: 1pt;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt 0pt 0pt 20pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.75pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Leases payable</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">2.785</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">2,919</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">500.512</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">518,138</font></p>


















</td>
















</tr>
<tr style="height: 1pt; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt 0pt 0pt 20pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.75pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Change in fair value of subscription warrants</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">5,414</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">3,566</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">5,414</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">3,566</font></p>


















</td>
















</tr>
<tr style="height: 1pt;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt 0pt 0pt 20pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.75pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Provision for deferred revenue</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">867</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">932</font></p>


















</td>
















</tr>
<tr style="height: 1pt; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt 0pt 0pt 20pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.75pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Other temporary differences</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">12,515</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">9,428</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">113,292</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">104,319</font></p>


















</td>
















</tr>
<tr style="height: 1pt;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt 0pt 0pt 20pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.75pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Tax losses and negative basis for social contribution carryforwards (9.d)</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">74,112</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">77,453</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">623,640</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">396,601</font></p>


















</td>
















</tr>
<tr style="height: 1pt; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt 0pt 0pt 10pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.4pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Total</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; 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; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">169.610</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; 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; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">174,201</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; 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; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">1,805.451</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; 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; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">1,937,748</font></p>


















</td>
















</tr>
<tr style="height: 1pt;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt 0pt 0pt 20pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.75pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Offseting liability balance</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; 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;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">(2.430)</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; 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;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">(9,934)</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; 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;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">(649,954)</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; 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;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">(682,614)</font></p>


















</td>
















</tr>
<tr style="height: 1pt; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt 0pt 0pt 10pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.4pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Net balances presented in assets</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">167,180</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">164,267</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">1,155,497</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">1,255,134</font></p>


















</td>
















</tr>
<tr style="height: 9.75pt;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Liabilities - Deferred income and social contribution taxes on:</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
















</tr>
<tr style="height: 1pt; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt 0pt 0pt 10pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.4pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Leases payable</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">2.430</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">2,559</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">416.989</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">432,908</font></p>


















</td>
















</tr>
<tr style="height: 1pt;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt 0pt 0pt 10pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.4pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Provision for differences between cash and accrual basis <font style="font-size: 8pt;"><sup>(i)</sup></font></font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">7,375</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">87,132</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">81,293</font></p>


















</td>
















</tr>
<tr style="height: 1pt; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt 0pt 0pt 10pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.4pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Goodwill</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">28,730</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">28,717</font></p>


















</td>
















</tr>
<tr style="height: 1pt;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt 0pt 0pt 10pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.4pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Business combination - fair value of assets</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">54,499</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">54,921</font></p>


















</td>
















</tr>
<tr style="height: 1pt; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt 0pt 0pt 10pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.4pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Other temporary differences</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">88,302</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">84,981</font></p>


















</td>
















</tr>
<tr style="height: 1pt;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Total</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; 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;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">2.430</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; 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;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">9,934</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; 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;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">675.652</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; 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;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">682,820</font></p>


















</td>
















</tr>
<tr style="height: 1pt; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt 0pt 0pt 10pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.4pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Offseting asset balance</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; 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; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">(2.430)</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; 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; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">(9,934)</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; 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; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">(649.954)</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; 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; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">(682,614)</font></p>


















</td>
















</tr>
<tr style="height: 1pt;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Net balances presented in liabilities</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">25,698</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">206</font></p>


















</td>
















</tr>



































</table>
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; widows: 0;"><font style="font-family: Arial; font-size: 9pt; line-height: inherit;">&nbsp;</font></p>
<table style="width: 100%; margin-left: 0.1px; font-family: 'times new roman'; font-size: 10pt;">

<tr>
<td style="width: 3%;"><font style="font-size: 10pt;"><sup><font style="color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; 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; vertical-align: super; line-height: inherit;">(i)</font></sup><font style="color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; 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;</font></font></td>
<td style="width: 97%;"><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;">In the consolidated refers mainly to the income and social contribution taxes on the exchange variation of the derivative instruments.</font></td>














</tr>





























</table>
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; widows: 0;"><br></p>












</div>











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

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













</tr>



























</table>
<hr class="horizontalLineRemoved" style="border-bottom-color: #000000; border-top-color: #000000; color: #000000; background-color: #000000;"></hr>
<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div>













</div>
<div style="width: 8.5in; margin: 0 auto;">
<div style="line-height: 1.2;">
<p style="margin:0pt"><br></p>
<table style="font-size: 10pt; width: 100%; height: 30px; border-collapse: collapse; font-family: 'times new roman';">

<tr style="height: 10px;">
<td style="height: 10px; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times; font-size: 12pt; font-weight: bold; float: none; line-height: inherit; display: inline !important;">Ultrapar Participa&#231;&#245;es S.A. and Subsidiaries</font></td>
<td style="height: 10px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><img src="imgc0dec36d433f45a2aa5c.jpg" style="float: right;" alt="Graphics"></font></td>




















</tr>
<tr style="height: 10px;">
<td style="height: 10px;">
<p style="margin: 2pt 0in 0in; text-align: justify; font-size: 11pt; font-family: 'Times New Roman', serif;"><font style="font-family: 'times new roman', times; font-size: 10pt;">
















<b style="mso-bidi-font-weight: normal;">Notes to the interim financial information</b>


</font></p>




















</td>
<td style="height: 10px;"><br></td>




















</tr>
<tr style="height: 10px;">
<td style="font-size: 10pt; height: 10px; width: 75%; border-bottom-style: solid; border-bottom-color: #000080 !important; border-bottom-width: 1.5pt;">
<p style="margin: 2pt 0in 0.0001pt; text-align: justify; font-size: 11pt; font-family: 'Times New Roman', 'serif';"><font style="font-family: 'times new roman', times; font-size: 10pt;"><b style="mso-bidi-font-weight: normal;">For the period ended March 31, 2024</b></font><b><font style="font-size: 9.0pt; font-family: 'Arial','sans-serif';"></font></b></p>




















</td>
<td style="height: 10px; border-bottom-width: 1.5pt; border-bottom-style: solid; border-bottom-color: #000080 !important;"><br></td>




















</tr>









































</table>
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><br></p>
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Changes in the net balance of deferred IRPJ and CSLL are as follows:</font></p>
<p style="margin: 0pt 0pt 0pt 14.2pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<table cellspacing="0" cellpadding="0" style="border-collapse: collapse; margin-left: 0px; font-family: 'times new roman'; font-size: 10pt; width: 100%;" width="100%">

<tr style="height: 1pt;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; text-align: center; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">Parent</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; text-align: center;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; text-align: center; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">Consolidated</font></p>


















</td>















</tr>
<tr style="height: 1pt; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; width: 79%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">Balance as of December 31, 2023</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; width: 10%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">164,267</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; width: 1%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; width: 10%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">1,254,928</font></p>


















</td>















</tr>
<tr style="height: 1pt;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Deferred IRPJ and CSLL recognized in profit (loss) for the period</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">2,913</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">(121,270)</font></p>


















</td>















</tr>
<tr style="height: 1pt; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Deferred IRPJ and CSLL recognized in other comprehensive income</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">(3,693)</font></p>


















</td>















</tr>
<tr style="height: 1pt;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Others</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">(166)</font></p>


















</td>















</tr>
<tr style="height: 1pt; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">Balance as of March 31, 2024</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">167,180</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">1,129,799</font></p>


















</td>















</tr>


































</table>
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; widows: 0;"><font style="font-family: Arial; font-size: 12pt; line-height: inherit;">&nbsp;</font></p>


















</div>
<div style="line-height: 1.2;">
<p style="margin: 2pt 0pt 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">b. Reconciliation of income and social contribution taxes in the statement of income</font></p>
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">IRPJ and CSLL are reconciled to the statutory tax rates as follows:</font></p>
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><font style="font-family: Arial; font-size: 11pt; line-height: inherit;">&nbsp;</font></p>
<table cellspacing="0" cellpadding="0" style="border-collapse: collapse; margin-left: 0px; font-family: 'times new roman'; font-size: 10pt; width: 100%; height: 265px;" width="100%">

<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td colspan="3" style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">Parent</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td colspan="3" style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">Consolidated</font></p>


















</td>















</tr>
<tr style="height: 18px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">03/31/2024</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">03/31/2023</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">03/31/2024</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">03/31/2023</font></p>


















</td>















</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 57%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Income before taxes</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px; width: 10%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">439,153</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px; width: 1%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px; width: 10%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">264,351</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px; width: 1%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px; width: 10%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">664,580</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px; width: 1%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px; width: 10%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">366,245</font></p>


















</td>















</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Statutory tax rates - %</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">34</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">34</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">34</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">34</font></p>


















</td>















</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Income and social contribution taxes at the statutory tax rates</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">(149,312)</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">(89,879)</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">(225,957)</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">(124,523)</font></p>


















</td>















</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Adjustment to the statutory income and social contribution taxes:</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>















</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Nondeductible expenses <font style="font-size: 8pt; line-height: inherit;"><sup>(i)</sup></font></font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">(1,313)</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">(515)</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">(3,657)</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">(2,050)</font></p>


















</td>















</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Nontaxable revenues <font style="font-size: 8pt; line-height: inherit;"><sup>(ii)</sup></font></font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">139</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">65</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">5,258</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">23,306</font></p>


















</td>















</tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Adjustment to estimated income <font style="font-size: 8pt; line-height: inherit;"><sup>(iii)</sup></font></font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">566</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">2,047</font></p>


















</td>















</tr>
<tr style="height: 10px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Unrecorded deferred income and social contribution tax carryforwards <font style="font-size: 8pt; line-height: inherit;"><sup>(iv)</sup></font></font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">(10,642)</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">(2,889)</font></p>


















</td>















</tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Share of profit (loss) of subsidiaries, joint ventures and associates</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">141,229</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">97,658</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">(1,049)</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">3,552</font></p>


















</td>















</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Other adjustments</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">1,578</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">(9,615)</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">1,020</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">(12,640)</font></p>


















</td>















</tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Income and social contribution taxes before tax incentives</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 10px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">(7,679)</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 10px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">(2,286)</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 10px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">(234,461)</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 10px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">(113,197)</font></p>


















</td>















</tr>
<tr style="height: 10px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Tax incentives &#8211; SUDENE (9.c)</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">-</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">25,327</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">20,777</font></p>


















</td>















</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Income and social contribution taxes in the statement of income</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">(7,679)</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">(2,286)</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">(209,134)</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">(92,420)</font></p>


















</td>















</tr>
<tr style="height: 10px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Current</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">(10,592)</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">(9,796)</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">(87,864)</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">(139,676)</font></p>


















</td>















</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Deferred</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">2,913</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">7,510</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">(121,270)</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">47,256</font></p>


















</td>















</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Effective IRPJ and CSLL rates - %</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">1.7</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">0.9</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">31.5</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">25.2</font></p>


















</td>















</tr>


































</table>
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; widows: 0;"><font style="font-family: Arial; font-size: 9pt; line-height: inherit;">&nbsp;</font></p>












</div>











</div>











</div>
<div style="line-height: 1.2;">
<div>
<table style="width: 100%; font-family: 'times new roman'; font-size: 10pt;">

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













</tr>



























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<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div>













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<td style="height: 10px; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times; font-size: 12pt; font-weight: bold; float: none; line-height: inherit; display: inline !important;">Ultrapar Participa&#231;&#245;es S.A. and Subsidiaries</font></td>
<td style="height: 10px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><img src="imgc0dec36d433f45a2aa5c.jpg" style="float: right;" alt="Graphics"></font></td>




















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<b style="mso-bidi-font-weight: normal;">Notes to the interim financial information</b>


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<p style="margin: 2pt 0in 0.0001pt; text-align: justify; font-size: 11pt; font-family: 'Times New Roman', 'serif';"><font style="font-family: 'times new roman', times; font-size: 10pt;"><b style="mso-bidi-font-weight: normal;">For the period ended March 31, 2024</b></font><b><font style="font-size: 9.0pt; font-family: 'Arial','sans-serif';"></font></b></p>




















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

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<td style="width: 3%; vertical-align: top;" valign="top"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><font style="color: #000000; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: normal; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: -28.3333px; 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;">(i)</font><font style="color: #000000; 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; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: -28.3333px; 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;">&nbsp;</font></font></td>
<td style="width: 97%; padding: 1px 1px 5px;"><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: -28.3333px; 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; line-height: inherit; display: inline !important;">Consist of certain expenses that cannot be deducted for tax purposes under applicable tax legislation, such as expenses with fines, donations, gifts, losses of assets, negative results of foreign subsidiaries and certain provisions.</font></td>















</tr>
<tr>
<td style="vertical-align: top;" valign="top"><font style="color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: normal; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: -28.3333px; 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; line-height: inherit;">(ii)</font></td>
<td style="padding: 1px 1px 5px; 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-align: justify; text-indent: -28.3333px; 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; line-height: inherit; display: inline !important;">Consist of certain gains and income that are not taxable under applicable tax legislation, such as the reimbursement of taxes, tax incentives, installments and the reversal of certain provisions, as well as recovery of tax credits and amounts related to non-taxation of the income and social contribution taxes on the monetary adjustment (SELIC) in the repetition of undue tax lawsuits.</font></td>















</tr>
<tr>
<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: justify; text-indent: -28.3333px; 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; line-height: inherit; display: inline !important;">(iii)</font></td>
<td style="text-align: justify; padding: 1px 1px 5px;"><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: -28.3333px; 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; line-height: inherit; display: inline !important;">Brazilian tax law allows for an alternative method of taxation for companies that generated gross revenues of up to R$ 78 million in their previous fiscal year. Certain subsidiaries of the Company adopted this alternative form of taxation, whereby income and social contribution losses are calculated on a basis equal to 32% of the operating revenues, as opposed to being calculated based on the effective taxable income of these subsidiaries. The adjustment to estimated income represents the difference between the taxation under this alternative method and the income and social contribution taxes that would have been paid based on the effective statutory rate applied to the taxable income of these subsidiaries.</font></td>















</tr>
<tr>
<td><font style="color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: normal; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: -28.3333px; 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; line-height: inherit;">(iv)</font></td>
<td><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: justify; text-indent: -28.3333px; 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; line-height: inherit; display: inline !important;">See Note 9.d.</font></td>















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<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: justify; text-indent: 0px;"><br></p>
<p style="margin: 0px; break-after: avoid; break-inside: avoid; 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: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; text-indent: -21.25pt; line-height: inherit;">c. Tax incentives &#8211; SUDENE</font></p>















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<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">The following subsidiaries have the benefit of income tax reduction for belonging to the sectors of the economy considered priority for the subsidized areas, under the terms of the development program of the region operated by the Superintendence for the Development of the Northeast (&#8220;SUDENE&#8221;), in compliance with the current law:</font></p>
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
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<td style="padding-left: 6.25pt; padding-right: 6.25pt; vertical-align: bottom; width: 195.7pt; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">Subsidiary</font></p>


















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<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">Units</font></p>


















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<p style="margin: 0pt; break-after: avoid; break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">Incentive - %</font></p>


















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<td style="padding-left: 6.25pt; padding-right: 6.25pt; vertical-align: bottom; width: 63.8pt; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">Expiration</font></p>


















</td>















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<td style="padding-left: 6.25pt; padding-right: 6.25pt; vertical-align: bottom; width: 195.7pt; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Bahiana Distribuidora de G&#225;s Ltda.</font></p>


















</td>
<td style="padding-left: 6.25pt; padding-right: 6.25pt; vertical-align: bottom; width: 87.8pt; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Mataripe base </font></p>


















</td>
<td style="padding-left: 6.25pt; padding-right: 6.25pt; vertical-align: bottom; width: 77.95pt; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: right; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">75</font></p>


















</td>
<td style="padding-left: 6.25pt; padding-right: 6.25pt; vertical-align: bottom; width: 63.8pt; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: right; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">2024</font></p>


















</td>















</tr>
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<td style="padding-left: 6.25pt; padding-right: 6.25pt; vertical-align: bottom; width: 195.7pt; height: 17px;">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 6.25pt; padding-right: 6.25pt; vertical-align: bottom; width: 87.8pt; height: 17px;">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Caucaia base</font></p>


















</td>
<td style="padding-left: 6.25pt; padding-right: 6.25pt; vertical-align: bottom; width: 77.95pt; height: 17px;">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: right; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">75</font></p>


















</td>
<td style="padding-left: 6.25pt; padding-right: 6.25pt; vertical-align: bottom; width: 63.8pt; height: 17px;">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: right; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">2025</font></p>


















</td>















</tr>
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<td style="padding-left: 6.25pt; padding-right: 6.25pt; vertical-align: bottom; width: 195.7pt; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 6.25pt; padding-right: 6.25pt; vertical-align: bottom; width: 87.8pt; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Juazeiro base</font></p>


















</td>
<td style="padding-left: 6.25pt; padding-right: 6.25pt; vertical-align: bottom; width: 77.95pt; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: right; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">75</font></p>


















</td>
<td style="padding-left: 6.25pt; padding-right: 6.25pt; vertical-align: bottom; width: 63.8pt; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: right; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">2026</font></p>


















</td>















</tr>
<tr style="height: 10px;">
<td style="padding-left: 6.25pt; padding-right: 6.25pt; vertical-align: bottom; width: 195.7pt; height: 10px;">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 12pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 6.25pt; padding-right: 6.25pt; vertical-align: bottom; width: 87.8pt; height: 10px;">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Aracaju base </font></p>


















</td>
<td style="padding-left: 6.25pt; padding-right: 6.25pt; vertical-align: bottom; width: 77.95pt; height: 10px;">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: right; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">75</font></p>


















</td>
<td style="padding-left: 6.25pt; padding-right: 6.25pt; vertical-align: bottom; width: 63.8pt; height: 10px;">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: right; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">2027</font></p>


















</td>















</tr>
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<td style="padding-left: 6.25pt; padding-right: 6.25pt; vertical-align: bottom; width: 195.7pt; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 6.25pt; padding-right: 6.25pt; vertical-align: bottom; width: 87.8pt; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Suape base </font></p>


















</td>
<td style="padding-left: 6.25pt; padding-right: 6.25pt; vertical-align: bottom; width: 77.95pt; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: right; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">75</font></p>


















</td>
<td style="padding-left: 6.25pt; padding-right: 6.25pt; vertical-align: bottom; width: 63.8pt; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: right; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">2027</font></p>


















</td>















</tr>
<tr style="height: 10px;">
<td style="padding-left: 6.25pt; padding-right: 6.25pt; vertical-align: bottom; width: 195.7pt; height: 10px;">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 6.25pt; padding-right: 6.25pt; vertical-align: bottom; width: 87.8pt; height: 10px;">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 6.25pt; padding-right: 6.25pt; vertical-align: bottom; width: 77.95pt; height: 10px;">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: right; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 6.25pt; padding-right: 6.25pt; vertical-align: bottom; width: 63.8pt; height: 10px;">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: right; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>















</tr>
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<td style="padding-left: 6.25pt; padding-right: 6.25pt; vertical-align: bottom; width: 195.7pt; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Ultracargo Log&#237;stica S.A.</font></p>


















</td>
<td style="padding-left: 6.25pt; padding-right: 6.25pt; vertical-align: bottom; width: 87.8pt; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Aratu Terminal</font></p>


















</td>
<td style="padding-left: 6.25pt; padding-right: 6.25pt; vertical-align: bottom; width: 77.95pt; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: right; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">75</font></p>


















</td>
<td style="padding-left: 6.25pt; padding-right: 6.25pt; vertical-align: bottom; width: 63.8pt; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: right; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">2032</font></p>


















</td>















</tr>
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<td style="padding-left: 6.25pt; padding-right: 6.25pt; vertical-align: bottom; width: 195.7pt; height: 17px;">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 6.25pt; padding-right: 6.25pt; vertical-align: bottom; width: 87.8pt; height: 17px;">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Suape Terminal</font></p>


















</td>
<td style="padding-left: 6.25pt; padding-right: 6.25pt; vertical-align: bottom; width: 77.95pt; height: 17px;">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: right; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">75</font></p>


















</td>
<td style="padding-left: 6.25pt; padding-right: 6.25pt; vertical-align: bottom; width: 63.8pt; height: 17px;">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: right; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">2030</font></p>


















</td>















</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 6.25pt; padding-right: 6.25pt; vertical-align: bottom; width: 195.7pt; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 6.25pt; padding-right: 6.25pt; vertical-align: bottom; width: 87.8pt; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Itaqui Terminal</font></p>


















</td>
<td style="padding-left: 6.25pt; padding-right: 6.25pt; vertical-align: bottom; width: 77.95pt; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: right; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">75</font></p>


















</td>
<td style="padding-left: 6.25pt; padding-right: 6.25pt; vertical-align: bottom; width: 63.8pt; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: right; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">2030</font></p>


















</td>















</tr>


































</table>















</div>
<div style="line-height: 1.2;">
<p style="margin: 2pt 0pt 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: justify; widows: 0;"><br></p>
<p style="margin: 2pt 0pt 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: justify; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">d. Tax losses and negative basis for social contribution carryforwards </font></p>
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: justify; widows: 0;"><font style="font-family: Arial; font-size: 11pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">As of March 31, 2024, the Company and certain subsidiaries had tax loss carryforwards related to income tax (IRPJ) and social contribution (CSLL), whose annual offsets are limited to 30% of taxable income in a given tax year, which do not expire.</font></p>
<p style="margin: 0px; text-align: justify; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>












</div>











</div>











</div>
<div style="line-height: 1.2;">
<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'>35</font></font></td>













</tr>



























</table>
<hr class="horizontalLineRemoved" style="border-bottom-color: #000000; border-top-color: #000000; color: #000000; background-color: #000000;"></hr>
<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div>













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

<tr style="height: 10px;">
<td style="height: 10px; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times; font-size: 12pt; font-weight: bold; float: none; line-height: inherit; display: inline !important;">Ultrapar Participa&#231;&#245;es S.A. and Subsidiaries</font></td>
<td style="height: 10px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><img src="imgc0dec36d433f45a2aa5c.jpg" style="float: right;" alt="Graphics"></font></td>




















</tr>
<tr style="height: 10px;">
<td style="height: 10px;">
<p style="margin: 2pt 0in 0in; text-align: justify; font-size: 11pt; font-family: 'Times New Roman', serif;"><font style="font-family: 'times new roman', times; font-size: 10pt;">
















<b style="mso-bidi-font-weight: normal;">Notes to the interim financial information</b>


</font></p>




















</td>
<td style="height: 10px;"><br></td>




















</tr>
<tr style="height: 10px;">
<td style="font-size: 10pt; height: 10px; width: 75%; border-bottom-width: 1.5pt; border-bottom-style: solid; border-bottom-color: #000080 !important;">
<p style="margin: 2pt 0in 0.0001pt; text-align: justify; font-size: 11pt; font-family: 'Times New Roman', 'serif';"><font style="font-family: 'times new roman', times; font-size: 10pt;"><b style="mso-bidi-font-weight: normal;">For the period ended March 31, 2024</b></font><b><font style="font-size: 9.0pt; font-family: 'Arial','sans-serif';"></font></b></p>




















</td>
<td style="height: 10px; border-bottom-width: 1.5pt; border-bottom-style: solid; border-bottom-color: #000080 !important;"><br></td>




















</tr>









































</table>
<p style="margin: 0pt; text-align: justify;"><br></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">The balances comprising deferred taxes related to income tax loss carryforwards and negative basis of social contribution are as follows:</font></p>
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: justify; widows: 0;"><font style="font-family: Arial; font-size: 11pt; line-height: inherit;">&nbsp;</font></p>
<table cellspacing="0" cellpadding="0" style="border-collapse: collapse; margin-left: 0pt; font-family: 'times new roman'; font-size: 10pt; height: 129px; width: 100%;" width="100%">

<tr style="height: 16px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; height: 16px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">03/31/2024</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; height: 16px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">12/31/2023</font></p>


















</td>















</tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 16px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Oil Trading</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 16px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 87,126</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 16px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 16px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 84,372</font></p>


















</td>















</tr>
<tr style="height: 16px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Ultrapar <font style="line-height: inherit; font-size: 8pt;"><sup>(i)</sup></font></font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 74,112</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 77,453</font></p>


















</td>















</tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 16px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Abastece A&#237;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 16px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 103,030</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 16px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 16px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 91,861</font></p>


















</td>















</tr>
<tr style="height: 16px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Ipiranga</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 300,408</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 97,071</font></p>


















</td>















</tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 16px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Ultracargo Vila do Conde</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 16px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 36,705</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 16px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 16px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 30,652</font></p>


















</td>















</tr>
<tr style="height: 16px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Others</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 22,259</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 15,192</font></p>


















</td>















</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; width: 79%; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; width: 10%; border-top-width: 1px; border-top-style: solid; border-bottom: 2.8pt double #000000; border-top-color: #000000 !important; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 623,640</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; width: 1%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; width: 10%; border-top-width: 1px; border-top-style: solid; border-bottom: 2.8pt double #000000; border-top-color: #000000 !important; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 396,601</font></p>


















</td>















</tr>


































</table>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: Arial; font-size: 11pt; line-height: inherit;">&nbsp;</font></p>
<table style="width: 100%; margin-left: 0.1px; height: 16px; font-family: 'times new roman'; font-size: 10pt;">

<tr style="height: 16px;">
<td style="height: 16px; width: 3%; 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: 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;">(i)&nbsp;</font></td>
<td style="height: 16px; width: 97%;"><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: 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;">Include the amount of R$ 27,196 of deferred taxes recognized on the tax loss of subsidiary Ultrapar International as of March 31, 2024 (R$ 25,884 as of December 31, 2023).</font></td>














</tr>





























</table>
<p style="margin: 0pt; text-align: justify;"><br></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">The balances which are not constituted of deferred taxes related to income tax loss carryforwards and negative basis of social contribution are as follows:</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<table cellspacing="0" cellpadding="0" style="border-collapse: collapse; margin-left: 0px; font-family: 'times new roman'; font-size: 10pt; width: 100%; height: 91px;" width="100%">

<tr style="height: 15px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 15px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; height: 15px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">03/31/2024</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 15px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; height: 15px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">12/31/2023</font></p>


















</td>















</tr>
<tr style="height: 15px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; width: 79%; height: 15px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Neog&#225;s</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; width: 10%; height: 15px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 44,947</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; width: 1%; height: 15px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; width: 10%; height: 15px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 45,333</font></p>


















</td>















</tr>
<tr style="height: 15px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 15px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Integra Frotas</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 15px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 14,503</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 15px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 15px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 13,335</font></p>


















</td>















</tr>
<tr style="height: 15px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 15px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Millennium</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 15px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 9,889</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 15px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 15px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 8,539</font></p>


















</td>















</tr>
<tr style="height: 15px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 15px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Others</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 15px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 10,668</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 15px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 15px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 9,095</font></p>


















</td>















</tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 16px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; 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: 16px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 80,007</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 16px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; 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: 16px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 76,302</font></p>


















</td>















</tr>


































</table>
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: justify; widows: 0;"><font style="font-family: Arial; font-size: 11pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 2pt 0pt 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: justify; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">e. Non-levy of IRPJ/CSLL on the update by Selic of tax undue payments received from the Federal Government </font></p>
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: justify; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: justify; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">The Company and its subsidiaries have lawsuits claiming the non-levy of IRPJ and CSLL on monetary variation (SELIC) on tax credits. On September 27, 2021, the Federal Supreme Court judged that the levy of IRPJ and CSLL on amounts related to monetary variation (SELIC) received by taxpayers in the repetition of undue tax payments is unconstitutional. The Company and its subsidiaries have registered credits of this nature in the amount of R$ 145,139 as of March 31, 2024 (R$ 143,147 as of December 31, 2023).</font></p>
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: justify; text-indent: 0px;"><font style="font-family: 'times new roman', times; 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'>36</font></font></td>













</tr>



























</table>
<hr class="horizontalLineRemoved" style="border-bottom-color: #000000; border-top-color: #000000; color: #000000; background-color: #000000;"></hr>
<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div>













</div>
<div style="width: 8.5in; margin: 0 auto;">
<div style="line-height: 1.2;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: justify; text-indent: 0px;"><br></p>
<table style="font-size: 10pt; width: 100%; height: 30px; border-collapse: collapse; font-family: 'times new roman';">

<tr style="height: 10px;">
<td style="height: 10px; vertical-align: bottom; width: 74.9796%;" valign="bottom"><font style="font-family: 'times new roman', times; font-size: 12pt; font-weight: bold; float: none; line-height: inherit; display: inline !important;">Ultrapar Participa&#231;&#245;es S.A. and Subsidiaries</font></td>
<td style="height: 10px; width: 25.0204%;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><img src="imgc0dec36d433f45a2aa5c.jpg" style="float: right;" alt="Graphics"></font></td>




















</tr>
<tr style="height: 10px;">
<td style="height: 10px; width: 74.9796%;">
<p style="margin: 2pt 0in 0in; text-align: justify; font-size: 11pt; font-family: 'Times New Roman', serif;"><font style="font-family: 'times new roman', times; font-size: 10pt;">
















<b style="mso-bidi-font-weight: normal;">Notes to the interim financial information</b>


</font></p>




















</td>
<td style="height: 10px; width: 25.0204%;"><br></td>




















</tr>
<tr style="height: 10px;">
<td style="font-size: 10pt; height: 10px; width: 74.9796%; border-bottom-width: 1.5pt; border-bottom-style: solid; border-bottom-color: #000080 !important;">
<p style="margin: 2pt 0in 0.0001pt; text-align: justify; font-size: 11pt; font-family: 'Times New Roman', 'serif';"><font style="font-family: 'times new roman', times; font-size: 10pt;"><b style="mso-bidi-font-weight: normal;">For the period ended March 31, 2024</b></font><b><font style="font-size: 9.0pt; font-family: 'Arial','sans-serif';"></font></b></p>




















</td>
<td style="height: 10px; width: 25.0204%; border-bottom-width: 1.5pt; border-bottom-style: solid; border-bottom-color: #000080 !important;"><br></td>




















</tr>









































</table>
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: justify; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<div style="background-color: #002060; margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; widows: 0;"><a style="text-decoration: none; color: #000000; cursor: default; outline: none; pointer-events: none;" href="#TOC" name="BSD_8_342024144840275" class="customBookmark"><font style="color: #ffffff; font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">10. Contractual assets with customers - exclusivity rights (Consolidated)</font></a></div>
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Refers to exclusivity rights reimbursements of Ipiranga&#8217;s agreements with reseller service stations that are recognized at the time of their occurrence and recognized as reductions of the revenue from sales and services in the statement of income according to the conditions established in the agreement.</font></p>
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: justify; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Changes are shown below:</font></p>
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<table cellspacing="0" cellpadding="0" style="border-collapse: collapse; margin-left: 0pt; font-family: 'times new roman'; font-size: 10pt;" width="100%">

<tr style="height: 1pt; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; width: 90%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">Balance as of December 31, 2023</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; width: 10%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">2,262,508</font></p>


















</td>















</tr>
<tr style="height: 1pt;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Additions</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">108,142</font></p>


















</td>















</tr>
<tr style="height: 1pt; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Amortization</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">(132,658)</font></p>


















</td>















</tr>
<tr style="height: 1pt;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Transfers</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">(22,091)</font></p>


















</td>















</tr>
<tr style="height: 1pt; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">Balance as of March 31, 2024</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">2,215,901</font></p>


















</td>















</tr>
<tr style="height: 1pt;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Current</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">779,153</font></p>


















</td>















</tr>
<tr style="height: 1pt; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Non-current</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">1,436,748</font></p>


















</td>















</tr>


































</table>
<p style="margin: 0pt; text-align: right;"><br></p>















</div>
<div style="line-height: 1.2;">
<div style="background-color: #002060; margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; widows: 0;"><a style="text-decoration: none; color: #000000; cursor: default; outline: none; pointer-events: none;" href="#TOC" name="BSD_9_342024144858307" class="customBookmark"><font style="color: #ffffff; font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">11. Investments in subsidiaries, joint ventures and associates </font></a></div>
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; orphans: 0; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">The table below presents the positions of equity and income (loss) for the period by company:</font></p>
<p style="margin: 0pt; orphans: 0; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<table cellspacing="0" cellpadding="0" style="height: 284px; border-collapse: collapse; margin-left: 0px; font-family: 'times new roman'; font-size: 10pt; width: 100%;" width="100%">

<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td colspan="5" style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">Parent</font></p>


















</td>


















</tr>
<tr style="height: 34px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 34px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td rowspan="2" style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 44px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">Equity </font></p>


















</td>
<td rowspan="2" style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 44px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">Income (loss) for the period </font></p>


















</td>
<td rowspan="2" style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 44px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">Interest in share capital - %</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 34px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>


















</td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 34px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">Investments</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 34px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>


















</td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 34px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">Share of profit (loss) of subsidiaries, joint ventures and associates</font></p>


















</td>


















</tr>
<tr style="height: 10px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">03/31/2024</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">12/31/2023</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">03/31/2024</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">03/31/2023</font></p>


















</td>


















</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 28%;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">Subsidiaries</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 10%;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 10%;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 10%;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 1%;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 10%;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 10%;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 1%;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 10%;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 10%;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>


















</td>


















</tr>
<tr style="height: 10px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt 0pt 0pt 20pt; text-indent: 0.75pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Ultrapar&nbsp;Log&#237;stica&nbsp;Ltda. </font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">2,139,314</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">99,339</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">100</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">2,139,314</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">1,745,326</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">99,339</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">63,768</font></p>


















</td>


















</tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt 0pt 0pt 20pt; text-indent: 0.75pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Ipiranga Produtos de Petr&#243;leo S.A. <font style="font-size: 8pt; line-height: inherit;"><sup>(v)</sup></font></font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">9,216,020</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">28,714</font></p>


















</td>


















</tr>
<tr style="height: 10px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt 0pt 0pt 20pt; text-indent: 0.75pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Ultrapar International S.A.</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">(55,607)</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">(758)</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">100</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">(55,607)</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">(54,850)</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">(758)</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">6,064</font></p>


















</td>


















</tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt 0pt 0pt 20pt; text-indent: 0.75pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">UVC</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">35,477</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">(6,441)</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">100</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">35,477</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">39,917</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">(6,441)</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">(2,585)</font></p>


















</td>


















</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt 0pt 0pt 20pt; text-indent: 0.75pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Centro de Conveni&#234;ncias Millennium Ltda. <font style="font-size: 8pt; line-height: inherit;"><sup>(iv)</sup></font></font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">(2,458)</font></p>


















</td>


















</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt 0pt 0pt 20pt; text-indent: 0.75pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Ea&#237; Clube Automobilista S.A.</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">168,602</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">(9,710)</font></p>


















</td>


















</tr>
<tr style="height: 10px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt 0pt 0pt 20pt; text-indent: 0.75pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Ultragaz Participa&#231;&#245;es Ltda.</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">1,183,595</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">176,217</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">100</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">1,183,595</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">1,004,960</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">176,217</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">190,738</font></p>


















</td>


















</tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt 0pt 0pt 20pt; text-indent: 0.75pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">UVC Investimentos Ltda.</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">(345)</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">518</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">100</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">(345)</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">(862)</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">518</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">8</font></p>


















</td>


















</tr>
<tr style="height: 10px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt 0pt 0pt 20pt; text-indent: 0.75pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Imaven Im&#243;veis Ltda. <font style="font-size: 8pt; line-height: inherit;"><sup>(ii)</sup></font></font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">52,218</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">(578)</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">100</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">52,218</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">52,796</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">(578)</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208;</font></p>


















</td>


















</tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt 0pt 0pt 20pt; text-indent: 0.75pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Ultrapar Mobilidade Ltda. <font style="font-size: 8pt; line-height: inherit;"><sup>(*) (iii) (v)</sup></font></font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">9,613,975</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">149,541</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">100</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">9,613,975</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">59,403</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">149,541</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208;</font></p>


















</td>


















</tr>
<tr style="height: 11px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 11px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">Joint ventures</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 11px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 11px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 11px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 11px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 11px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 11px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 11px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 11px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 11px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>


















</tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt 0pt 0pt 20pt; text-indent: 0.75pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Qu&#237;mica da Bahia Ind&#250;stria e Com&#233;rcio S.A.</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">6,671</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">(284)</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">50</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">3,336</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">3,478</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">(142)</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">(10)</font></p>


















</td>


















</tr>
<tr style="height: 10px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt 0pt 0pt 20pt; text-indent: 0.75pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Refinaria de Petr&#243;leo Riograndense S.A. <font style="font-size: 8pt; line-height: inherit;"><sup>(i)</sup></font></font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">91,215</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">(6,981)</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">33</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">30,290</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">31,553</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">(2,318)</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">12,700</font></p>


















</td>


















</tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt 0pt 0pt 20pt; text-indent: 0.75pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>


















</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt 0pt 0pt 20pt; text-indent: 0.75pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">Total (A)</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">13,002,253</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">12,266,343</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">415,378</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">287,229</font></p>


















</td>


















</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt 0pt 0pt 20pt; text-indent: 0.75pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">Total provision for equity deficit (B)</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">(55,952)</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">(55,712)</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>


















</td>


















</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt 0pt 0pt 20pt; text-indent: 0.75pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">Total investments (A-B)</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">13,058,205</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">12,322,055</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>


















</td>


















</tr>





































</table>
<p style="margin: 0pt; orphans: 0; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">The percentages in the table above are rounded. </font></p>
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; 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'>37</font></font></td>













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<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div>













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<td style="height: 10px; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times; font-size: 12pt; font-weight: bold; float: none; line-height: inherit; display: inline !important;">Ultrapar Participa&#231;&#245;es S.A. and Subsidiaries</font></td>
<td style="height: 10px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><img src="imgc0dec36d433f45a2aa5c.jpg" style="float: right;" alt="Graphics"></font></td>




















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<b style="mso-bidi-font-weight: normal;">Notes to the interim financial information</b>


</font></p>




















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<td style="font-size: 10pt; height: 10px; width: 75%; border-bottom-width: 1.5pt; border-bottom-style: solid; border-bottom-color: #000080 !important;">
<p style="margin: 2pt 0in 0.0001pt; text-align: justify; font-size: 11pt; font-family: 'Times New Roman', 'serif';"><font style="font-family: 'times new roman', times; font-size: 10pt;"><b style="mso-bidi-font-weight: normal;">For the period ended March 31, 2024</b></font><b><font style="font-size: 9.0pt; font-family: 'Arial','sans-serif';"></font></b></p>




















</td>
<td style="height: 10px; border-bottom-width: 1.5pt; border-bottom-style: solid; border-bottom-color: #000080 !important;"><br></td>




















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</table>
<p style="margin:0pt"><br></p>
<table style="width: 100%; margin-left: 0.1px; height: 112px; font-family: 'times new roman'; font-size: 10pt;">

<tr style="height: 16px;">
<td style="width: 3%; height: 16px; 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; line-height: inherit; display: inline !important;">(*)</font></td>
<td style="width: 97%; height: 16px;"><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; line-height: inherit; display: inline !important;">Amounts adjusted for unrealized profits in equity and income for the period.</font></td>















</tr>
<tr style="height: 16px;">
<td style="height: 16px; width: 3%; 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: -48px; 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; line-height: inherit; display: inline !important;">(i)</font></td>
<td style="height: 16px; width: 97%;"><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: -48px; 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; line-height: inherit; display: inline !important;">Investment considers capital loss balances of R$ 10,447 as of March 31, 2024 (R$ 10,627 as of December 31, 2023).</font></td>















</tr>
<tr style="height: 32px;">
<td style="height: 32px; width: 3%; 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: -48px; 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; line-height: inherit; display: inline !important;">(ii)</font></td>
<td style="height: 32px; width: 97%;"><font style="font-size: 10pt;"><font style="color: #000000; font-family: 'times new roman', times; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: -48px; 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; line-height: inherit; display: inline !important;">On April 28, 2023,<font style="line-height: inherit;">&nbsp;</font></font>Imaven<font style="color: #000000; font-family: 'times new roman', times; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: -48px; 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; line-height: inherit; display: inline !important;"><font style="line-height: inherit;">&nbsp;</font></font>Im&#243;veis<font style="color: #000000; font-family: 'times new roman', times; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: -48px; 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; line-height: inherit; display: inline !important;"><font style="line-height: inherit;">&nbsp;</font></font>Ltda<font style="color: #000000; font-family: 'times new roman', times; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: -48px; 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; line-height: inherit; display: inline !important;">. carried out a partial spin-off of its equity, where the spun-off portion was merged into subsidiary<font style="line-height: inherit;">&nbsp;</font></font>Ipiranga<font style="color: #000000; font-family: 'times new roman', times; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: -48px; 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; line-height: inherit; display: inline !important;"><font style="line-height: inherit;">&nbsp;</font></font>Produtos<font style="color: #000000; font-family: 'times new roman', times; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: -48px; 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; line-height: inherit; display: inline !important;"><font style="line-height: inherit;">&nbsp;</font>de<font style="line-height: inherit;">&nbsp;</font></font>Petr&#243;leo<font style="color: #000000; font-family: 'times new roman', times; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: -48px; 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; line-height: inherit; display: inline !important;"><font style="line-height: inherit;">&nbsp;</font>S.A. On May 1, 2022,<font style="line-height: inherit;">&nbsp;</font></font>Ultrapar<font style="color: #000000; font-family: 'times new roman', times; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: -48px; 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; line-height: inherit; display: inline !important;"><font style="line-height: inherit;">&nbsp;</font>acquired the total shares of<font style="line-height: inherit;">&nbsp;</font></font>Imaven<font style="color: #000000; font-family: 'times new roman', times; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: -48px; 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; line-height: inherit; display: inline !important;"><font style="line-height: inherit;">&nbsp;</font></font>Im&#243;veis<font style="color: #000000; font-family: 'times new roman', times; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: -48px; 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; line-height: inherit; display: inline !important;"><font style="line-height: inherit;">&nbsp;</font></font>Ltda<font style="color: #000000; font-family: 'times new roman', times; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: -48px; 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; line-height: inherit; display: inline !important;">. of its subsidiary<font style="line-height: inherit;">&nbsp;</font></font>Ipiranga<font style="color: #000000; font-family: 'times new roman', times; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: -48px; 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; line-height: inherit; display: inline !important;"><font style="line-height: inherit;">&nbsp;</font></font>Produtos<font style="color: #000000; font-family: 'times new roman', times; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: -48px; 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; line-height: inherit; display: inline !important;"><font style="line-height: inherit;">&nbsp;</font>de<font style="line-height: inherit;">&nbsp;</font></font>Petr&#243;leo<font style="color: #000000; font-family: 'times new roman', times; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: -48px; 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; line-height: inherit; display: inline !important;"><font style="line-height: inherit;">&nbsp;</font>S.A.</font></font></td>















</tr>
<tr style="height: 16px;">
<td style="height: 16px; width: 3%;"><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: justify; text-indent: -48px; 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; line-height: inherit; display: inline !important;">(iii)</font></td>
<td style="height: 16px; width: 97%;"><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: justify; text-indent: -48px; 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; line-height: inherit; display: inline !important;">Company established on February 28, 2023 with the purpose of holding interests in other companies.</font></td>















</tr>
<tr style="height: 16px;">
<td style="height: 16px; width: 3%; 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: justify; text-indent: -48px; 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; line-height: inherit; display: inline !important;">(iv)</font></td>
<td style="height: 16px; width: 97%;"><font style="font-size: 10pt;"><font style="color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: -48px; 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; line-height: inherit; display: inline !important;">On October 2, 2023, the Company transferred all shares in<font style="line-height: inherit;">&nbsp;</font></font>Centro<font style="color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: -48px; 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; line-height: inherit; display: inline !important;"><font style="line-height: inherit;">&nbsp;</font>de<font style="line-height: inherit;">&nbsp;</font></font>Conveni&#234;ncias<font style="color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: -48px; 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; line-height: inherit; display: inline !important;"><font style="line-height: inherit;">&nbsp;</font>Millennium<font style="line-height: inherit;">&nbsp;</font></font>Ltda<font style="color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: -48px; 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; line-height: inherit; display: inline !important;">. to its subsidiary<font style="line-height: inherit;">&nbsp;</font></font>Ultrapar<font style="color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: -48px; 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; line-height: inherit; display: inline !important;"><font style="line-height: inherit;">&nbsp;</font></font>Mobilidade<font style="color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: -48px; 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; line-height: inherit; display: inline !important;"><font style="line-height: inherit;">&nbsp;</font></font>Ltda<font style="color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: -48px; 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; line-height: inherit; display: inline !important;">., as a capital contribution.</font></font></td>















</tr>
<tr style="height: 16px;">
<td style="height: 16px; width: 3%; 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: justify; text-indent: -48px; 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; line-height: inherit; display: inline !important;">(v)</font></td>
<td style="height: 16px; width: 97%;"><font style="font-size: 10pt;"><font style="color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: -48px; 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; line-height: inherit; display: inline !important;">On January 2, 2024, the Company transferred all shares in<font style="line-height: inherit;">&nbsp;</font></font>Ipiranga<font style="color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: -48px; 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; line-height: inherit; display: inline !important;"><font style="line-height: inherit;">&nbsp;</font></font>Produtos<font style="color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: -48px; 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; line-height: inherit; display: inline !important;"><font style="line-height: inherit;">&nbsp;</font>de<font style="line-height: inherit;">&nbsp;</font></font>Petr&#243;leo<font style="color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: -48px; 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; line-height: inherit; display: inline !important;"><font style="line-height: inherit;">&nbsp;</font>S.A. to its subsidiary<font style="line-height: inherit;">&nbsp;</font></font>Ultrapar<font style="color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: -48px; 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; line-height: inherit; display: inline !important;"><font style="line-height: inherit;">&nbsp;</font></font>Mobilidade<font style="color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: -48px; 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; line-height: inherit; display: inline !important;"><font style="line-height: inherit;">&nbsp;</font></font>Ltda<font style="color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: -48px; 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; line-height: inherit; display: inline !important;">., as a capital contribution.</font></font></td>















</tr>































</table>
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<table cellspacing="0" cellpadding="0" style="border-collapse: collapse; margin-left: 0pt; font-family: 'times new roman'; font-size: 10pt; height: 437px; width: 100%;" width="100%">

<tr style="height: 16px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td colspan="5" style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">Consolidated</font></p>


















</td>















</tr>
<tr style="height: 32px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 32px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td rowspan="2" style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 48px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">Equity </font></p>


















</td>
<td rowspan="2" style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 48px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">Income (loss) for the period </font></p>


















</td>
<td rowspan="2" style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 48px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">Interest in share capital - %</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 32px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 32px; 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; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">Investments</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 32px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>


















</td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 32px; 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; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">Share of profit (loss) of joint ventures and associates</font></p>


















</td>















</tr>
<tr style="height: 16px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px; 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; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">03/31/2024</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px; 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; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">12/31/2023</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px; 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; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">03/31/2024</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px; 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; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">03/31/2023</font></p>


















</td>















</tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px; background-color: #cceeff; width: 28%;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">Joint ventures</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px; background-color: #cceeff; width: 10%;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px; background-color: #cceeff; width: 10%;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px; background-color: #cceeff; width: 10%;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px; background-color: #cceeff; width: 1%;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px; background-color: #cceeff; width: 10%;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px; background-color: #cceeff; width: 10%;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px; background-color: #cceeff; width: 1%;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px; background-color: #cceeff; width: 10%;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px; background-color: #cceeff; width: 10%;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>


















</td>















</tr>
<tr style="height: 16px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px;">
<p style="margin: 0pt 0pt 0pt 20pt; text-indent: 0.75pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Uni&#227;o Vopak &#8211; Armaz&#233;ns Gerais Ltda <font style="font-size: 8pt; line-height: inherit;"><sup>(i)</sup></font></font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">2,578</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">(522)</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">50</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">1,289</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">1,550</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">(262)</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">(324)</font></p>


















</td>















</tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt 0pt 0pt 20pt; text-indent: 0.75pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Refinaria de Petr&#243;leo Riograndense S.A. <font style="font-size: 8pt; line-height: inherit;"><sup>(ii)</sup></font></font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">91,215</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">(6,981)</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">33</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">30,287</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">31,553</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">(2,318)</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">12,700</font></p>


















</td>















</tr>
<tr style="height: 16px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px;">
<p style="margin: 0pt 0pt 0pt 20pt; text-indent: 0.75pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Latitude Log&#237;stica Portu&#225;ria S.A <font style="font-size: 8pt; line-height: inherit;"><sup>(iii)</sup></font></font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">11,255</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">(2,220)</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">50</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">5,628</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">6,002</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">(374)</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">266</font></p>


















</td>















</tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt 0pt 0pt 20pt; text-indent: 0.75pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Navegantes Log&#237;stica Portu&#225;ria S.A <font style="font-size: 8pt; line-height: inherit;"><sup>(iii)</sup></font></font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">41,675</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">(5,556)</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">33</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">13,892</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">15,836</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">(1,945)</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">(1,338)</font></p>


















</td>















</tr>
<tr style="height: 21px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 21px;">
<p style="margin: 0pt 0pt 0pt 20pt; text-indent: 0.75pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Nordeste Log&#237;stica I S.A. <font style="font-size: 8pt; line-height: inherit;"><sup>(iii)</sup></font></font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 21px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">20,527</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 21px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">2,136</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 21px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">33</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 21px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 21px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">6,842</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 21px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">7,071</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 21px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 21px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">(228)</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 21px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">(783)</font></p>


















</td>















</tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt 0pt 0pt 20pt; text-indent: 0.75pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Nordeste Log&#237;stica II S.A. <font style="font-size: 8pt; line-height: inherit;"><sup>(iii)</sup></font></font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">51,577</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">(616)</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">33</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">17,192</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">17,216</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">(24)</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">(484)</font></p>


















</td>















</tr>
<tr style="height: 16px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px;">
<p style="margin: 0pt 0pt 0pt 20pt; text-indent: 0.75pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Nordeste Log&#237;stica III S.A <font style="font-size: 8pt; line-height: inherit;"><sup>(iii)</sup></font></font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">53,810</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">1,226</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">33</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">17,937</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">18,004</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">(67)</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">40</font></p>


















</td>















</tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt 0pt 0pt 20pt; text-indent: 0.75pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Qu&#237;mica da Bahia Ind&#250;stria e Com&#233;rcio S.A.</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">6,671</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">(284)</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">50</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">3,336</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">3,478</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">(143)</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">(11)</font></p>


















</td>















</tr>
<tr style="height: 16px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px;">
<p style="margin: 0pt 0pt 0pt 20pt; text-indent: 0.75pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Terminal de Combust&#237;veis Paul&#237;nia S.A. ("Opla") <font style="font-size: 8pt; line-height: inherit;"><sup>(vi)</sup></font></font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">111,752</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">3,442</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">50</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">55,876</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">54,155</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">1,721</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208;</font></p>


















</td>















</tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt 0pt 0pt 20pt; text-indent: 0.75pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Other investments</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">185</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">349</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208;</font></p>


















</td>















</tr>
<tr style="height: 16px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">Associates</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>















</tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt 0pt 0pt 20pt; text-indent: 0.75pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Transportadora Sulbrasileira de G&#225;s S.A.&nbsp; <font style="font-size: 8pt; line-height: inherit;"><sup>(iv)</sup></font></font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">18,147</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">2,235</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">25</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">4,537</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">3,978</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">559</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">391</font></p>


















</td>















</tr>
<tr style="height: 16px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px;">
<p style="margin: 0pt 0pt 0pt 20pt; text-indent: 0.75pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Metal&#250;rgica Plus S.A. <font style="font-size: 8pt; line-height: inherit;"><sup>(v)</sup></font></font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">(840)</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">(71)</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">33</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">(279)</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">(256)</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">(23)</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">(29)</font></p>


















</td>















</tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt 0pt 0pt 20pt; text-indent: 0.75pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Plenog&#225;s Distribuidora de G&#225;s S.A. <font style="font-size: 8pt; line-height: inherit;"><sup>(v)</sup></font></font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">1,551</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">61</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">33</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">518</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">497</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">20</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">20</font></p>


















</td>















</tr>
<tr style="height: 16px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px;">
<p style="margin: 0pt 0pt 0pt 20pt; text-indent: 0.75pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Other investments</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">32</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">33</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208;</font></p>


















</td>















</tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>















</tr>
<tr style="height: 16px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">Goodwill on investments</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>















</tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Terminal de Combust&#237;veis Paul&#237;nia S.A ("Opla") <font style="font-size: 8pt; line-height: inherit;"><sup>(vi)</sup></font></font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">158,634</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">158,634</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208;</font></p>


















</td>















</tr>
<tr style="height: 16px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>















</tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">Total (A)</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">315,906</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">318,100</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">(3,084)</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">10,448</font></p>


















</td>















</tr>
<tr style="height: 16px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">Total provision for equity deficit (B)</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">(279)</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">(256)</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>


















</td>















</tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">Total investments (A-B)</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px; background-color: #cceeff; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">316,185</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px; background-color: #cceeff; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">318,356</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>


















</td>















</tr>


































</table>
<p style="margin: 0pt; orphans: 0; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">The percentages in the table above are rounded.</font></p>
<p style="margin: 0pt;"><br></p>
<div>

<br></div>











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

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













</tr>



























</table>
<hr class="horizontalLineRemoved" style="border-bottom-color: #000000; border-top-color: #000000; color: #000000; background-color: #000000;"></hr>
<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div>













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

<tr style="height: 10px;">
<td style="height: 10px; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times; font-size: 12pt; font-weight: bold; float: none; line-height: inherit; display: inline !important;">Ultrapar Participa&#231;&#245;es S.A. and Subsidiaries</font></td>
<td style="height: 10px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><img src="imgc0dec36d433f45a2aa5c.jpg" style="float: right;" alt="Graphics"></font></td>




















</tr>
<tr style="height: 10px;">
<td style="height: 10px;">
<p style="margin: 2pt 0in 0in; text-align: justify; font-size: 11pt; font-family: 'Times New Roman', serif;"><font style="font-family: 'times new roman', times; font-size: 10pt;">
















<b style="mso-bidi-font-weight: normal;">Notes to the interim financial information</b>


</font></p>




















</td>
<td style="height: 10px;"><br></td>




















</tr>
<tr style="height: 10px;">
<td style="font-size: 10pt; height: 10px; width: 75%; border-bottom-width: 1.5pt; border-bottom-style: solid; border-bottom-color: #000080 !important;">
<p style="margin: 2pt 0in 0.0001pt; text-align: justify; font-size: 11pt; font-family: 'Times New Roman', 'serif';"><font style="font-family: 'times new roman', times; font-size: 10pt;"><b style="mso-bidi-font-weight: normal;">For the period ended March 31, 2024</b></font><b><font style="font-size: 9.0pt; font-family: 'Arial','sans-serif';"></font></b></p>




















</td>
<td style="height: 10px; border-bottom-width: 1.5pt; border-bottom-style: solid; border-bottom-color: #000080 !important;"><br></td>




















</tr>









































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

<tr>
<td style="width: 3%; vertical-align: top;" valign="top"><font style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 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;">(i)</font></td>
<td style="width: 97%; text-align: justify; padding: 1px 1px 5px;"><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: 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;">The subsidiary Ultracargo Log&#237;stica holds an interest in Uni&#227;o Vopak &#8211; Armaz&#233;ns Gerais Ltda. (&#8220;Uni&#227;o Vopak&#8221;), which is primarily engaged in liquid bulk storage at the port of Paranagu&#225;.</font></td>















</tr>
<tr>
<td style="vertical-align: top;" valign="top"><font style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: -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; line-height: inherit;">(ii)</font></td>
<td style="text-align: justify; padding: 1px 1px 5px;"><font style="font-size: 10pt; line-height: inherit;"><font style="color: #000000; font-family: 'times new roman', times; 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; line-height: inherit;">The Company holds an interest in&nbsp;</font>Refinaria<font style="color: #000000; font-family: 'times new roman', times; 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; line-height: inherit;">&nbsp;de&nbsp;</font>Petr&#243;leo<font style="color: #000000; font-family: 'times new roman', times; 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; line-height: inherit;">&nbsp;</font>Riograndense<font style="color: #000000; font-family: 'times new roman', times; 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; line-height: inherit;">&nbsp;S.A. (&#8220;RPR&#8221;), which is primarily engaged in oil refining.</font></font></td>















</tr>
<tr>
<td style="vertical-align: top;" valign="top"><font style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: -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; line-height: inherit;">(iii)</font><font style="color: #000000; 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: 13.3333px; line-height: inherit; font-family: 'times new roman', times; letter-spacing: normal; orphans: 2; text-align: justify; 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;">&nbsp;</font></td>
<td style="text-align: justify; padding: 1px 1px 5px;"><font style="font-size: 10pt; line-height: inherit;"><font style="color: #000000; font-family: 'times new roman', times; 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; line-height: inherit;">The subsidiary&nbsp;</font>Ipiranga<font style="color: #000000; font-family: 'times new roman', times; 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; line-height: inherit;">&nbsp;participates in the port concession BEL02A at the port of Miramar, in&nbsp;</font>Bel&#233;m<font style="color: #000000; font-family: 'times new roman', times; 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; line-height: inherit;">&nbsp;(PA), through Latitude&nbsp;</font>Log&#237;stica<font style="color: #000000; font-family: 'times new roman', times; 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; line-height: inherit;">&nbsp;</font>Portu&#225;ria<font style="color: #000000; font-family: 'times new roman', times; 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; line-height: inherit;">&nbsp;S.A. (&#8220;Latitude&#8221;); for the port of&nbsp;</font>Vit&#243;ria<font style="color: #000000; font-family: 'times new roman', times; 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; line-height: inherit;">&nbsp;(ES), it participates through&nbsp;</font>Navegantes<font style="color: #000000; font-family: 'times new roman', times; 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; line-height: inherit;">&nbsp;</font>Log&#237;stica<font style="color: #000000; font-family: 'times new roman', times; 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; line-height: inherit;">&nbsp;</font>Portu&#225;ria<font style="color: #000000; font-family: 'times new roman', times; 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; line-height: inherit;">&nbsp;S.A. (&#8220;</font>Navegantes<font style="color: #000000; font-family: 'times new roman', times; 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; line-height: inherit;">&#8221;); in&nbsp;</font>Cabedelo<font style="color: #000000; font-family: 'times new roman', times; 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; line-height: inherit;">&nbsp;(PB), it holds an interest in&nbsp;</font>Nordeste<font style="color: #000000; font-family: 'times new roman', times; 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; line-height: inherit;">&nbsp;</font>Log&#237;stica<font style="color: #000000; font-family: 'times new roman', times; 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; line-height: inherit;">&nbsp;I S.A. ("</font>Nordeste<font style="color: #000000; font-family: 'times new roman', times; 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; line-height: inherit;">&nbsp;</font>Log&#237;stica<font style="color: #000000; font-family: 'times new roman', times; 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; line-height: inherit;">&nbsp;I"),&nbsp;</font>Nordeste<font style="color: #000000; font-family: 'times new roman', times; 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; line-height: inherit;">&nbsp;</font>Log&#237;stica<font style="color: #000000; font-family: 'times new roman', times; 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; line-height: inherit;">&nbsp;II S.A. ("</font>Nordeste<font style="color: #000000; font-family: 'times new roman', times; 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; line-height: inherit;">&nbsp;</font>Log&#237;stica<font style="color: #000000; font-family: 'times new roman', times; 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; line-height: inherit;">&nbsp;II&#8221;) and&nbsp;</font>Nordeste<font style="color: #000000; font-family: 'times new roman', times; 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; line-height: inherit;">&nbsp;</font>Log&#237;stica<font style="color: #000000; font-family: 'times new roman', times; 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; line-height: inherit;">&nbsp;III S.A. (&#8220;</font>Nordeste<font style="color: #000000; font-family: 'times new roman', times; 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; line-height: inherit;">&nbsp;</font>Log&#237;stica<font style="color: #000000; font-family: 'times new roman', times; 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; line-height: inherit;">&nbsp;III&#8221;).</font></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: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: -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; line-height: inherit;">(iv)</font></td>
<td style="text-align: justify; padding: 1px 1px 5px;"><font style="font-size: 10pt; line-height: inherit;"><font style="color: #000000; font-family: 'times new roman', times; 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; line-height: inherit;">The subsidiary&nbsp;</font>Ipiranga<font style="color: #000000; font-family: 'times new roman', times; 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; line-height: inherit;">&nbsp;holds an interest in&nbsp;</font>Transportadora<font style="color: #000000; font-family: 'times new roman', times; 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; line-height: inherit;">&nbsp;</font>Sulbrasileira<font style="color: #000000; font-family: 'times new roman', times; 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; line-height: inherit;">&nbsp;de&nbsp;</font>G&#225;s<font style="color: #000000; font-family: 'times new roman', times; 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; line-height: inherit;">&nbsp;S.A. (&#8220;TSB&#8221;), which is primarily engaged in natural gas transportation services.</font></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: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: -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; line-height: inherit;">(v)</font></td>
<td style="text-align: justify; padding: 1px 1px 5px;"><font style="font-size: 10pt; line-height: inherit;"><font style="color: #000000; font-family: 'times new roman', times; 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; line-height: inherit;">The subsidiary&nbsp;</font>Cia<font style="color: #000000; font-family: 'times new roman', times; 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; line-height: inherit;">.&nbsp;</font>Ultragaz<font style="color: #000000; font-family: 'times new roman', times; 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; line-height: inherit;">&nbsp;holds an interest in&nbsp;</font>Metal&#250;rgica<font style="color: #000000; font-family: 'times new roman', times; 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; line-height: inherit;">&nbsp;Plus S.A. (&#8220;</font>Metalplus<font style="color: #000000; font-family: 'times new roman', times; 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; line-height: inherit;">&#8221;), which is primarily engaged in the manufacture and trading of LPG containers and has interest in&nbsp;</font>Plenog&#225;s<font style="color: #000000; font-family: 'times new roman', times; 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; line-height: inherit;">&nbsp;</font>Distribuidora<font style="color: #000000; font-family: 'times new roman', times; 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; line-height: inherit;">&nbsp;de&nbsp;</font>G&#225;s<font style="color: #000000; font-family: 'times new roman', times; 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; line-height: inherit;">&nbsp;S.A. (&#8220;</font>Plenog&#225;s<font style="color: #000000; font-family: 'times new roman', times; 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; line-height: inherit;">&#8221;), which is primarily engaged in the marketing of LPG containers. Currently, the associates have their operational activities suspended.</font></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: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: -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; line-height: inherit;">(vi)</font></td>
<td><font style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: -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; line-height: inherit;">The subsidiary<font style="line-height: inherit;">&nbsp;</font></font>Ultracargo<font style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: -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; line-height: inherit;"><font style="line-height: inherit;">&nbsp;</font></font>Log&#237;stica<font style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: -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; line-height: inherit;"><font style="line-height: inherit;">&nbsp;S.A.&nbsp;</font>acquired a 50% interest in<font style="line-height: inherit;">&nbsp;</font></font>Opla<font style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: -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; line-height: inherit;"><font style="line-height: inherit;">&nbsp;</font>on July 1, 2023.</font></td>















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<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: justify; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><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; &nbsp;</font></font></p>
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">The financial position and income of subsidiaries which have relevant non-controlling interests is shown below:</font></p>
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
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<tr style="height: 1pt;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td colspan="8" style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">Consolidated</font></p>


















</td>
<td style="vertical-align: top;"></td>


















</tr>
<tr style="height: 1pt;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">Proportion of interest in share capital and voting rights held by non-controlling interests </font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">Equity attributed to non-controlling interests</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td colspan="3" style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">Income allocated to non-controlling interests for the period</font></p>


















</td>


















</tr>
<tr style="height: 1pt; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">03/31/2024</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">12/31/2023</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">03/31/2024</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">12/31/2023</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">03/31/2024</font></p>


















</td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">03/31/2023</font></p>


















</td>


















</tr>
<tr style="height: 1pt;">
<td style="padding: 0px; vertical-align: middle; width: 38%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">Subsidiaries</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 10%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">%</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 10%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">%</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 1%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 10%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 10%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 1%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 10%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 10%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>


















</td>


















</tr>
<tr style="height: 1pt; background-color: #cceeff;">
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Iconic Lubrificantes S.A.</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">44%</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">44%</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">501,154</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">477,710</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">23,118</font></p>


















</td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">10,522</font></p>


















</td>


















</tr>
<tr style="height: 1pt;">
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Others</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">-</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">-</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">46,406</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">45,621</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">854</font></p>


















</td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">1,238</font></p>


















</td>


















</tr>
<tr style="height: 1pt; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">547,560</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">523,331</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">23,972</font></p>


















</td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">11,760</font></p>


















</td>


















</tr>





































</table>
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-indent: 0px;"><br></p>
<div>

<br></div>











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

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













</tr>



























</table>
<hr class="horizontalLineRemoved" style="border-bottom-color: #000000; border-top-color: #000000; color: #000000; background-color: #000000;"></hr>
<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div>













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

<tr style="height: 10px;">
<td style="height: 10px; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times; font-size: 12pt; font-weight: bold; float: none; line-height: inherit; display: inline !important;">Ultrapar Participa&#231;&#245;es S.A. and Subsidiaries</font></td>
<td style="height: 10px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><img src="imgc0dec36d433f45a2aa5c.jpg" style="float: right;" alt="Graphics"></font></td>




















</tr>
<tr style="height: 10px;">
<td style="height: 10px;">
<p style="margin: 2pt 0in 0in; text-align: justify; font-size: 11pt; font-family: 'Times New Roman', serif;"><font style="font-family: 'times new roman', times; font-size: 10pt;">
















<b style="mso-bidi-font-weight: normal;">Notes to the interim financial information</b>


</font></p>




















</td>
<td style="height: 10px;"><br></td>




















</tr>
<tr style="height: 10px;">
<td style="font-size: 10pt; height: 10px; width: 75%; border-bottom-width: 1.5pt; border-bottom-style: solid; border-bottom-color: #000080 !important;">
<p style="margin: 2pt 0in 0.0001pt; text-align: justify; font-size: 11pt; font-family: 'Times New Roman', 'serif';"><font style="font-family: 'times new roman', times; font-size: 10pt;"><b style="mso-bidi-font-weight: normal;">For the period ended March 31, 2024</b></font><b><font style="font-size: 9.0pt; font-family: 'Arial','sans-serif';"></font></b></p>




















</td>
<td style="height: 10px; border-bottom-width: 1.5pt; border-bottom-style: solid; border-bottom-color: #000080 !important;"><br></td>




















</tr>









































</table>
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-indent: 0px;"><br></p>
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Balances and changes in investments in subsidiaries, joint ventures and associates are as follows:</font></p>
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<table cellspacing="0" cellpadding="0" style="border-collapse: collapse; margin: 0px; font-family: 'times new roman'; font-size: 10pt; text-indent: 0px; height: 155px; width: 100%;" width="100%">

<tr style="height: 16px; margin: 0px; text-indent: 0px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px;">
<p style="margin: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td colspan="5" style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0px; text-align: center; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">Parent</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px;">
<p style="margin: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td colspan="5" style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0px; text-align: center; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">Consolidated</font></p>


















</td>


















</tr>
<tr style="height: 16px; margin: 0px; text-indent: 0px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px;">
<p style="margin: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; 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-align: center; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">Subsidiaries</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;">
<p style="margin: 0px; text-align: center; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; 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-align: center; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">Joint ventures</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;">
<p style="margin: 0px; text-align: center; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; 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-align: center; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">Total</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px;">
<p style="margin: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; 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-align: center; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">Joint ventures</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;">
<p style="margin: 0px; text-align: center; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; 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-align: center; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">Associates </font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;">
<p style="margin: 0px; text-align: center; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; 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-align: center; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">Total</font></p>


















</td>


















</tr>
<tr style="height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 35%; background-color: #cceeff;">
<p style="margin: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">Balance as of December 31, 2023 <font style="font-size: 8pt; line-height: inherit;"><sup>(i)</sup></font></font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 10%; background-color: #cceeff; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;">
<p style="margin: 0px; text-align: right; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">12,231,312</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 1%; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 10%; background-color: #cceeff; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;">
<p style="margin: 0px; text-align: right; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">35,031</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 1%; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 10%; background-color: #cceeff; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;">
<p style="margin: 0px; text-align: right; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">12,266,343</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px; width: 1%; background-color: #cceeff;">
<p style="margin: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 10%; background-color: #cceeff; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;">
<p style="margin: 0px; text-align: right; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">313,848</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 1%; background-color: #cceeff;">
<p style="margin: 0px; text-align: center; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 10%; background-color: #cceeff; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;">
<p style="margin: 0px; text-align: right; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">4,252</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 1%; background-color: #cceeff;">
<p style="margin: 0px; text-align: center; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; width: 10%; background-color: #cceeff; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;">
<p style="margin: 0px; text-align: right; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">318,100</font></p>


















</td>


















</tr>
<tr style="height: 17px; margin: 0px; text-indent: 0px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; margin: 0px; text-indent: 0px; height: 17px;">
<p style="margin: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Share of profit (loss) of subsidiaries, joint ventures and associates <font style="font-size: 8pt; line-height: inherit;"><sup>(*)</sup></font></font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; margin: 0px; text-indent: 0px; height: 17px;">
<p style="margin: 0px; text-align: right; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">417,838</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; margin: 0px; text-indent: 0px; height: 17px;">
<p style="margin: 0px; text-align: right; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; margin: 0px; text-indent: 0px; height: 17px;">
<p style="margin: 0px; text-align: right; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">(2,460)</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;">
<p style="margin: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; margin: 0px; text-indent: 0px; height: 17px;">
<p style="margin: 0px; text-align: right; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">415,378</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;">
<p style="margin: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; margin: 0px; text-indent: 0px; height: 17px;">
<p style="margin: 0px; text-align: right; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">(3,640)</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;">
<p style="margin: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; margin: 0px; text-indent: 0px; height: 17px;">
<p style="margin: 0px; text-align: right; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">556</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;">
<p style="margin: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; margin: 0px; text-indent: 0px; height: 17px;">
<p style="margin: 0px; text-align: right; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">(3,084)</font></p>


















</td>


















</tr>
<tr style="height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; background-color: #cceeff;">
<p style="margin: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Equity instrument granted <font style="font-size: 8pt; line-height: inherit;"><sup>(ii)</sup></font></font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">5,450</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; background-color: #cceeff;">
<p style="margin: 0px; text-align: center; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">5,450</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px; background-color: #cceeff;">
<p style="margin: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">1,052</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px; background-color: #cceeff;">
<p style="margin: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; background-color: #cceeff;">
<p style="margin: 0px; text-align: center; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">1,052</font></p>


















</td>


















</tr>
<tr style="height: 16px; margin: 0px; text-indent: 0px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px;">
<p style="margin: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Accumulated other comprehensive income</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px;">
<p style="margin: 0px; text-align: right; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">7,172</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px;">
<p style="margin: 0px; text-align: right; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px;">
<p style="margin: 0px; text-align: right; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">1,052</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px;">
<p style="margin: 0px; text-align: center; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px;">
<p style="margin: 0px; text-align: right; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">8,224</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px;">
<p style="margin: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px;">
<p style="margin: 0px; text-align: right; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px;">
<p style="margin: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px;">
<p style="margin: 0px; text-align: right; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px;">
<p style="margin: 0px; text-align: center; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px;">
<p style="margin: 0px; text-align: right; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208;</font></p>


















</td>


















</tr>
<tr style="height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; background-color: #cceeff;">
<p style="margin: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Capital increase in cash</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">173,298</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; background-color: #cceeff;">
<p style="margin: 0px; text-align: center; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">173,298</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px; background-color: #cceeff;">
<p style="margin: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px; background-color: #cceeff;">
<p style="margin: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; background-color: #cceeff;">
<p style="margin: 0px; text-align: center; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208;</font></p>


















</td>


















</tr>
<tr style="height: 16px; margin: 0px; text-indent: 0px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px;">
<p style="margin: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Capital increase in shares</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px;">
<p style="margin: 0px; text-align: right; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">133,552</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px;">
<p style="margin: 0px; text-align: right; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px;">
<p style="margin: 0px; text-align: right; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px;">
<p style="margin: 0px; text-align: center; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px;">
<p style="margin: 0px; text-align: right; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">133,552</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px;">
<p style="margin: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px;">
<p style="margin: 0px; text-align: right; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px;">
<p style="margin: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px;">
<p style="margin: 0px; text-align: right; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px;">
<p style="margin: 0px; text-align: center; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px;">
<p style="margin: 0px; text-align: right; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208;</font></p>


















</td>


















</tr>
<tr style="height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; background-color: #cceeff;">
<p style="margin: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Other movements</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; background-color: #cceeff; 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: 'times new roman', times; font-size: 10pt; line-height: inherit;">5</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; background-color: #cceeff; 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: 'times new roman', times; font-size: 10pt; line-height: inherit;">3</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; background-color: #cceeff;">
<p style="margin: 0px; text-align: center; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; background-color: #cceeff; 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: 'times new roman', times; font-size: 10pt; line-height: inherit;">8</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px; background-color: #cceeff;">
<p style="margin: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; background-color: #cceeff; 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: 'times new roman', times; font-size: 10pt; line-height: inherit;">(162)</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px; background-color: #cceeff;">
<p style="margin: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; background-color: #cceeff; 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: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; background-color: #cceeff;">
<p style="margin: 0px; text-align: center; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; background-color: #cceeff; 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: 'times new roman', times; font-size: 10pt; line-height: inherit;">(162)</font></p>


















</td>


















</tr>
<tr style="height: 10px; margin: 0px; text-indent: 0px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; margin: 0px; text-indent: 0px; height: 10px;">
<p style="margin: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">Balance as of March 31, 2024 <font style="font-size: 8pt; line-height: inherit;"><sup>(i)</sup></font></font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; 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: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;">
<p style="margin: 0px; text-align: right; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">12,968,627</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; margin: 0px; text-indent: 0px; height: 10px;">
<p style="margin: 0px; text-align: right; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; 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: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;">
<p style="margin: 0px; text-align: right; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">33,626</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; margin: 0px; text-indent: 0px; height: 10px;">
<p style="margin: 0px; text-align: right; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; 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: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;">
<p style="margin: 0px; text-align: right; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">13,002,253</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;">
<p style="margin: 0px; text-align: right; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; 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: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;">
<p style="margin: 0px; text-align: right; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">311,098</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;">
<p style="margin: 0px; text-align: right; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; 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: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;">
<p style="margin: 0px; text-align: right; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">4,808</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; margin: 0px; text-indent: 0px; height: 10px;">
<p style="margin: 0px; text-align: right; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; 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: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;">
<p style="margin: 0px; text-align: right; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">315,906</font></p>


















</td>


















</tr>





































</table>
<p style="margin: 0px; text-align: justify; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></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: 1pt; margin: 0px; text-indent: 0px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td colspan="5" style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">Parent</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td colspan="5" style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">Consolidated</font></p>


















</td>


















</tr>
<tr style="height: 1pt; margin: 0px; text-indent: 0px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; 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;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">Subsidiaries</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; 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;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">Joint ventures</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; 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;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">Total</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; 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;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">Joint ventures</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; 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;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">Associates </font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; 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;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">Total</font></p>


















</td>


















</tr>
<tr style="height: 1pt; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">Balance as of December 31, 2022 <font style="font-size: 8pt; line-height: inherit;"><sup>(i)</sup></font></font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">12,141,736</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">28,705</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">12,170,441</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">106,843</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">4,384</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">111,227</font></p>


















</td>


















</tr>
<tr style="height: 1pt; margin: 0px; text-indent: 0px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; margin: 0px; text-indent: 0px; width: 35%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Share of profit (loss) of subsidiaries, joint ventures and associates <font style="font-size: 8pt; line-height: inherit;"><sup>(*)</sup></font></font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; margin: 0px; text-indent: 0px; width: 10%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">2,482,877</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; margin: 0px; text-indent: 0px; width: 1%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; margin: 0px; text-indent: 0px; width: 10%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">7,627</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; margin: 0px; text-indent: 0px; width: 1%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; margin: 0px; text-indent: 0px; width: 10%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">2,490,504</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 1%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; margin: 0px; text-indent: 0px; width: 10%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">9,840</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; margin: 0px; text-indent: 0px; width: 1%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; margin: 0px; text-indent: 0px; width: 10%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">2,068</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; margin: 0px; text-indent: 0px; width: 1%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; margin: 0px; text-indent: 0px; width: 10%;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">11,908</font></p>


















</td>


















</tr>
<tr style="height: 1pt; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Dividends</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">(1,782,516)</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">(2,196)</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">(1,784,712)</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">(11,072)</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">(2,200)</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">(13,272)</font></p>


















</td>


















</tr>
<tr style="height: 1pt; margin: 0px; text-indent: 0px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Equity instrument granted <font style="font-size: 8pt; line-height: inherit;"><sup>(ii)</sup></font></font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">5,598</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">5,598</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">899</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">899</font></p>


















</td>


















</tr>
<tr style="height: 1pt; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Accumulated other comprehensive income</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">(7,163)</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">895</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">(6,268)</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208;</font></p>


















</td>


















</tr>
<tr style="height: 1pt; margin: 0px; text-indent: 0px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Capital increase in cash</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">422,886</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">422,886</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208;</font></p>


















</td>


















</tr>
<tr style="height: 1pt; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Shareholder transactions - changes of interest</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">168</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">168</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208;</font></p>


















</td>


















</tr>
<tr style="height: 1pt; margin: 0px; text-indent: 0px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Acquisition of Imaven Im&#243;veis Ltda.</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">60,930</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">60,930</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208;</font></p>


















</td>


















</tr>
<tr style="height: 1pt; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Acquisition of Terminal de Combust&#237;veis Paul&#237;nia S.A. ("Opla")</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">210,096</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">210,096</font></p>


















</td>


















</tr>
<tr style="height: 1pt; margin: 0px; text-indent: 0px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Capital decrease</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">(1,093,204)</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">(1,093,204)</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">(3,100)</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">(3,100)</font></p>


















</td>


















</tr>
<tr style="height: 1pt; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Other movements</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">342</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">342</font></p>


















</td>


















</tr>
<tr style="height: 1pt; margin: 0px; text-indent: 0px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">Balance as of December 31, 2023</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 12,231,312</font></p>


















</td>
<td style="vertical-align: middle; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 35,031</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 12,266,343</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 313,848</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 4,252</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 318,100</font></p>


















</td>


















</tr>





































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

<tr>
<td style="width: 3%; padding: 1px 1px 5px; 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: 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;">(*)&nbsp;</font></td>
<td style="width: 97%; padding: 1px 1px 5px;"><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: 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;">Adjusted for unrealized profits between subsidiaries.</font></td>















</tr>
<tr>
<td style="padding: 1px 1px 5px; 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; line-height: inherit;">(i)</font></td>
<td style="padding: 1px 1px 5px;"><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; line-height: inherit;">Investments in subsidiaries, joint ventures and associates net of provision for equity deficit.</font></td>















</tr>
<tr>
<td style="padding: 1px 1px 5px; 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; line-height: inherit;">(ii)</font></td>
<td style="padding: 1px 1px 5px;"><font style="font-size: 10pt; line-height: inherit;"><font style="color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; 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;">Amounts refer to grants of long-term incentives in subsidiaries&nbsp;</font>Ipiranga<font style="color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; 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;">&nbsp;</font>Produtos<font style="color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; 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;">&nbsp;de&nbsp;</font>Petr&#243;leo<font style="color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; 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;">&nbsp;S.A.,&nbsp;</font>Ultragaz<font style="color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; 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;">&nbsp;</font>Participa&#231;&#245;es<font style="color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; 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;">&nbsp;</font>Ltda<font style="color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; 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;">. and&nbsp;</font>Ultracargo<font style="color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; 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;">&nbsp;</font>Log&#237;stica<font style="color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; 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;">&nbsp;</font>S.A<font style="color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; 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;">.</font></font></td>















</tr>































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<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-indent: 0px;"><font style="font-size: 10pt; text-align: justify; 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'>40</font></font></td>













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<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div>













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</div><div style="font-family: 'times new roman', times; font-size: 10pt;">
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<td style="height: 10px; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times; font-size: 12pt; font-weight: bold; float: none; line-height: inherit; display: inline !important;">Ultrapar Participa&#231;&#245;es S.A. and Subsidiaries</font></td>
<td style="height: 10px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><img src="imgc0dec36d433f45a2aa5c.jpg" style="float: right;" alt="Graphics"></font></td>



























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<td style="height: 10px;">
<p style="margin: 2pt 0in 0in; text-align: justify; font-size: 11pt; font-family: 'Times New Roman', serif;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">
















<b style="mso-bidi-font-weight: normal;">Notes to the interim financial information</b>


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<td style="font-size: 10pt; height: 10px; width: 75%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000080 !important;">
<p style="margin: 2pt 0in 0.0001pt; text-align: justify; font-size: 11pt; font-family: 'Times New Roman', 'serif';"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><b style="mso-bidi-font-weight: normal;">For the period ended March 31, 2024</b></font><b><font style="font-size: 9pt; font-family: Arial, 'sans-serif'; line-height: inherit;"></font></b></p>



























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<td style="height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000080 !important;"><br></td>



























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</table>
<p style="margin: 2pt 0pt 0pt; text-align: justify; line-height: 1.2;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<div style="background-color: #002060; margin: 0pt; break-after: avoid; break-inside: avoid; line-height: 1.2;"><a style="text-decoration: none; color: #000000; cursor: default; outline: none; pointer-events: none;" href="#TOC" name="Ba11_342024144551176" class="customBookmark"><font style="color: #ffffff; font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">12. Right-of-use assets and leases payable (Consolidated)</font></a></div>
<p style="margin: 0pt; break-after: avoid; break-inside: avoid; line-height: 1.2;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; break-after: avoid; break-inside: avoid; text-align: justify; line-height: 1.2;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">The Company and certain subsidiaries have real estate leases, substantially related to: (i) Ipiranga: fuel stations and distribution bases; (ii) Ultragaz: points of sale and bottling bases; (iii) Ultracargo: port areas and (iv) Company: offices. The Company and certain subsidiaries also have lease agreements relating to vehicles.</font></p>
<p style="margin: 0pt; break-after: avoid; break-inside: avoid; text-align: justify; line-height: 1.2;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; break-after: avoid; break-inside: avoid; text-align: justify; line-height: 1.2;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">a. Right-of-use assets</font></p>
<ul>
<li style="font-family: Symbol; font-size: 11pt; margin: 0pt 0pt 0pt 28.06pt; orphans: 0; padding-left: 7.94pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0pt; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">Consolidated</font></li>























</ul>
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<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>

























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">Real estate</font></p>

























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">Port areas</font></p>

























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">Vehicles</font></p>

























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">Equipment</font></p>

























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">Others</font></p>

























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">Total</font></p>

























</td>























</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 37%; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Weighted average useful life (years)</font></p>

























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 8%; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">9</font></p>

























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 1%; height: 17px; background-color: #cceeff;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 10%; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">32</font></p>

























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 1%; height: 17px; background-color: #cceeff;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 10%; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">4</font></p>

























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 1%; height: 17px; background-color: #cceeff;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 10%; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">3</font></p>

























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 1%; height: 17px; background-color: #cceeff;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 10%; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">20</font></p>

























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 1%; height: 17px; background-color: #cceeff;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 10%; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208;</font></p>

























</td>























</tr>
<tr style="height: 10px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">Cost</font></p>

























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>

























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>

























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>

























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>

























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>

























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>

























</td>























</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">Balance as of 12/31/2023</font></p>

























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">1,998,866</font></p>

























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">314,964</font></p>

























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">270,388</font></p>

























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">38,278</font></p>

























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">27,846</font></p>

























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">2,650,342</font></p>

























</td>























</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Additions and remeasurement <sup>(i)</sup></font></p>

























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">28,519</font></p>

























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">3,836</font></p>

























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">38,195</font></p>

























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">108</font></p>

























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208;</font></p>

























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">70,658</font></p>

























</td>























</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Write-offs</font></p>

























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">(36,705)</font></p>

























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208;</font></p>

























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">(27,870)</font></p>

























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">(118)</font></p>

























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208;</font></p>

























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">(64,693)</font></p>

























</td>























</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">Balance as of 03/31/2024</font></p>

























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">1,990,680</font></p>

























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">318,800</font></p>

























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">280,713</font></p>

























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">38,268</font></p>

























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">27,846</font></p>

























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">2,656,307</font></p>

























</td>























</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">Accumulated amortization</font></p>

























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>

























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>

























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>

























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>

























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>

























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>

























</td>























</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">Balance as of 12/31/2023</font></p>

























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">(753,198)</font></p>

























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">(44,620)</font></p>

























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">(109,967)</font></p>

























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">(5,184)</font></p>

























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">(25,847)</font></p>

























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">(938,816)</font></p>

























</td>























</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Amortization</font></p>

























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">(50,485)</font></p>

























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">(2,288)</font></p>

























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">(15,296)</font></p>

























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">(2,052)</font></p>

























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">(943)</font></p>

























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">(71,064)</font></p>

























</td>























</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Write-offs</font></p>

























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">22,605</font></p>

























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208;</font></p>

























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">3,582</font></p>

























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">109</font></p>

























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208;</font></p>

























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">26,296</font></p>

























</td>























</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Transfers <sup>(ii)</sup></font></p>

























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">(1,133)</font></p>

























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208;</font></p>

























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208;</font></p>

























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208;</font></p>

























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208;</font></p>

























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">(1,133)</font></p>

























</td>























</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">Balance as of 03/31/2024</font></p>

























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">(782,211)</font></p>

























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">(46,908)</font></p>

























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">(121,681)</font></p>

























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">(7,127)</font></p>

























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">(26,790)</font></p>

























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">(984,717)</font></p>

























</td>























</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><font style="font-weight: bold; line-height: inherit;">Net amount</font> <font style="font-weight: bold; line-height: inherit;">as of </font><font style="font-weight: bold; line-height: inherit;">March 31, 2024</font></font></p>

























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">1,208,469</font></p>

























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff; border-bottom-width: 1px;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">271,892</font></p>

























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff; border-bottom-width: 1px;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">159,032</font></p>

























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff; border-bottom-width: 1px;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">31,141</font></p>

























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff; border-bottom-width: 1px;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">1,056</font></p>

























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff; border-bottom-width: 1px;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">1,671,590</font></p>

























</td>























</tr>
<tr style="height: 10px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px;">
<p style="margin: 2pt 0pt 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><font style="font-weight: bold; line-height: inherit;">Net amount </font><font style="font-weight: bold; line-height: inherit;">a</font><font style="font-weight: bold; line-height: inherit;">s of </font><font style="font-weight: bold; line-height: inherit;">December 31, 2023</font></font></p>

























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 2pt 0pt 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">1.245.668</font></p>

























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px; border-bottom-width: 1px;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 2pt 0pt 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">270.344</font></p>

























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px; border-bottom-width: 1px;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 2pt 0pt 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><font style="font-weight: bold; line-height: inherit;">160.</font><font style="font-weight: bold; line-height: inherit;">421</font></font></p>

























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px; border-bottom-width: 1px;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 2pt 0pt 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">33.094</font></p>

























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px; border-bottom-width: 1px;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 2pt 0pt 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">1.999</font></p>

























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px; border-bottom-width: 1px;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 2pt 0pt 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">1.711.526</font></p>

























</td>























</tr>

















































</table>
<p style="margin: 0px; break-after: avoid; break-inside: avoid; line-height: 1.2; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; vertical-align: super; line-height: inherit;">&nbsp;</font></p>
<table style="width: 100%; margin-left: 0.1px; font-family: 'times new roman'; font-size: 10pt;">

<tr>
<td style="width: 3%;"><font style="color: #000000; font-family: 'times new roman', 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: -24px; 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;">(i)</font></td>
<td style="width: 97%;"><font style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: -24px; 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;">Considers R$ 68,326 referring to additions and<font style="line-height: inherit;">&nbsp;</font></font>remeasurements<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: -24px; 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;"><font style="line-height: inherit;">&nbsp;</font>between right-of-use assets and leases payable.</font></td>























</tr>
<tr>
<td><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: -24px; 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;">(ii)</font></td>
<td><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: -24px; 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;">Refers to the amortization of the right of use, which is being capitalized as Construction in progress until the beginning of its operation.</font></td>























</tr>















































</table>
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-indent: 0px; line-height: 1.2;"><br></p>


















</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'>41</font></font></td>

























</tr>



















































</table>
<hr class="horizontalLineRemoved" style="border-bottom-color: #000000; border-top-color: #000000; color: #000000; background-color: #000000;"></hr>
<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div>
<div style="width: 8.5in; margin: 0 auto;">
<div>
<table style="font-size: 10pt; width: 100%; height: 30px; border-collapse: collapse; font-family: 'times new roman'; margin: 0px; text-indent: 0px;">

<tr style="height: 10px;">
<td style="height: 10px; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times; font-size: 12pt; font-weight: bold; float: none; line-height: inherit; display: inline !important;">Ultrapar Participa&#231;&#245;es S.A. and Subsidiaries</font></td>
<td style="height: 10px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><img src="imgc0dec36d433f45a2aa5c.jpg" style="float: right;" alt="Graphics"></font></td>



























</tr>
<tr style="height: 10px;">
<td style="height: 10px;">
<p style="margin: 2pt 0in 0in; text-align: justify; font-size: 11pt; font-family: 'Times New Roman', serif;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">
















<b style="mso-bidi-font-weight: normal;">Notes to the interim financial information</b>


</font></p>



























</td>
<td style="height: 10px;"><br></td>



























</tr>
<tr style="height: 10px;">
<td style="font-size: 10pt; height: 10px; width: 75%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000080 !important;">
<p style="margin: 2pt 0in 0.0001pt; text-align: justify; font-size: 11pt; font-family: 'Times New Roman', 'serif';"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><b style="mso-bidi-font-weight: normal;">For the period ended March 31, 2024</b></font><b><font style="font-size: 9pt; font-family: Arial, 'sans-serif'; line-height: inherit;"></font></b></p>



























</td>
<td style="height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000080 !important;"><br></td>



























</tr>























































</table>
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-indent: 0px; line-height: 1.2;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><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></font></p>























</div>
<p style="margin: 0pt; break-after: avoid; break-inside: avoid; text-align: justify; line-height: 1.2;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">b. Leases payable</font></p>
<p style="margin: 0pt; break-after: avoid; break-inside: avoid; text-align: justify; line-height: 1.2;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify; line-height: 1.2;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">The changes in leases payable are shown below:</font></p>
<p style="margin: 0pt; break-after: avoid; break-inside: avoid; line-height: 1.2;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<table cellspacing="0" cellpadding="0" style="height: 144px; border-collapse: collapse; margin-left: 0px; font-family: 'times new roman'; font-size: 10pt; width: 100%;" width="100%">

<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 90%; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">Balance as of December 31, 2023</font></p>

























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 10%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">1,523,935</font></p>

























</td>























</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Interest accrued</font></p>

























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 33,547</font></p>

























</td>























</tr>
<tr style="height: 14px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 14px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Payments of leases</font></p>

























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 14px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (71,902)</font></p>

























</td>























</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Interest payment</font></p>

























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (48,423)</font></p>

























</td>























</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Additions and remeasurement</font></p>

























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 68,326</font></p>

























</td>























</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Write-offs</font></p>

























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (33,389)</font></p>

























</td>























</tr>
<tr style="height: 18px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 18px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">Balance as of March 31, 2024</font></p>

























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 18px; background-color: #cceeff; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> 1,472,094</font></p>

























</td>























</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Current</font></p>

























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 314,134</font></p>

























</td>























</tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Non-current</font></p>

























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 1,157,960</font></p>

























</td>























</tr>

















































</table>
<p style="margin: 0pt; text-align: justify; line-height: 1.2;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify; line-height: 1.2;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">The undiscounted future cash outflows are presented below:</font></p>
<p style="margin: 0pt; text-align: justify; line-height: 1.2;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<table cellspacing="0" cellpadding="0" style="border-collapse: collapse; margin-left: 0px; font-family: 'times new roman'; font-size: 10pt; width: 100%;" width="100%">

<tr style="height: 1pt;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>

























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">03/31/2024</font></p>

























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">&nbsp;</font></p>

























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">12/31/2023</font></p>

























</td>

























</tr>
<tr style="height: 1pt; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 79%; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Up to 1 year</font></p>

























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 10%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">419,217</font></p>

























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 1%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>

























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 10%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">418,450</font></p>

























</td>

























</tr>
<tr style="height: 1pt;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">1 to 2 years</font></p>

























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">282,686</font></p>

























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>

























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">322,165</font></p>

























</td>

























</tr>
<tr style="height: 1pt; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">2 to 3 years</font></p>

























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">222,443</font></p>

























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>

























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">227,785</font></p>

























</td>

























</tr>
<tr style="height: 1pt;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">3 to 4 years</font></p>

























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">187,507</font></p>

























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>

























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">189,744</font></p>

























</td>

























</tr>
<tr style="height: 1pt; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">4 to 5 years</font></p>

























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">146,628</font></p>

























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>

























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">147,977</font></p>

























</td>

























</tr>
<tr style="height: 1pt;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">More than 5 years</font></p>

























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">981,898</font></p>

























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>

























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">1,003,655</font></p>

























</td>

























</tr>
<tr style="height: 1pt; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Total</font></p>

























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">2,240,379</font></p>

























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>

























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">2,309,776</font></p>

























</td>

























</tr>



















































</table>
<p style="margin: 0pt; line-height: 1.2;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify; line-height: 1.2;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">The contracts related to the leases payable are substantially indexed by the IGP-M (General Market Price Index is a measure of Brazilian inflation, calculated by the Get&#250;lio Vargas Foundation).</font></p>


















</div>


















</div>
<p style="margin: 0px; line-height: 1.2; text-indent: 0px;">&nbsp;</p>
<div style="line-height: 1.2;">
<table style="width: 100%; font-family: 'times new roman'; font-size: 10pt;">

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

























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<hr class="horizontalLineRemoved" style="border-bottom-color: #000000; border-top-color: #000000; color: #000000; background-color: #000000;"></hr>
<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div>
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<div>
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<td style="height: 10px; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times; font-size: 12pt; font-weight: bold; float: none; line-height: inherit; display: inline !important;">Ultrapar Participa&#231;&#245;es S.A. and Subsidiaries</font></td>
<td style="height: 10px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><img src="imgc0dec36d433f45a2aa5c.jpg" style="float: right;" alt="Graphics"></font></td>



























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<tr style="height: 10px;">
<td style="height: 10px;">
<p style="margin: 2pt 0in 0in; text-align: justify; font-size: 11pt; font-family: 'Times New Roman', serif;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">
















<b style="mso-bidi-font-weight: normal;">Notes to the interim financial information</b>


</font></p>



























</td>
<td style="height: 10px;"><br></td>



























</tr>
<tr style="height: 10px;">
<td style="font-size: 10pt; height: 10px; width: 75%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000080 !important;">
<p style="margin: 2pt 0in 0.0001pt; text-align: justify; font-size: 11pt; font-family: 'Times New Roman', 'serif';"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><b style="mso-bidi-font-weight: normal;">For the period ended March 31, 2024</b></font><b><font style="font-size: 9pt; font-family: Arial, 'sans-serif'; line-height: inherit;"></font></b></p>



























</td>
<td style="height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000080 !important;"><br></td>



























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</table>
<p style="margin: 0pt; text-align: left; line-height: 1.2;"><br></p>























</div>
<p style="margin: 0pt; line-height: 1.2;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">b.1. Discount rates</font></p>
<p style="margin: 0pt; line-height: 1.2;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; line-height: 1.2;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">The weighted nominal average discount rates for the lease contracts of the Company are:</font></p>
<p style="margin: 0pt; line-height: 1.2;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<table cellspacing="0" cellpadding="0" style="border-collapse: collapse; margin-left: 0px; font-family: 'times new roman'; font-size: 10pt; width: 100%; height: 102px;" width="100%">

<tr style="height: 17px;">
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">Contracts by maturity date and discount rate</font></p>

























</td>

























</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">Maturity dates of the contracts</font></p>

























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">Rate (% p.a.)</font></p>

























</td>

























</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 90%; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">From 1 to 5 years</font></p>

























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 10%; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">10.28%</font></p>

























</td>

























</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">From 6 to 10 years</font></p>

























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">9.73%</font></p>

























</td>

























</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">From 11 to 15 years</font></p>

























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">9.47%</font></p>

























</td>

























</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">More than 15 years</font></p>

























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">9.46%</font></p>

























</td>

























</tr>



















































</table>
<p style="margin: 0px; line-height: 1.2; text-indent: 0px; text-align: left;"><br></p>























</div>
<div style="line-height: 1.2;">
<p style="margin: 2pt 0pt 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">c. Effects of inflation and potential right of recoverable PIS and COFINS - disclosures required by the CVM in the letter SNC/SEP 02/2019</font></p>
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><br></p>
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">The effects of inflation for the year ended March 31, 2024 are as follows:</font></p>
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-indent: 0px;"><br></p>
<table border="0" cellspacing="0" cellpadding="0" width="100%" style="border-collapse: collapse; margin: 0px; font-family: 'times new roman'; font-size: 10pt; width: 100%; height: 37px; text-indent: 0px;">

<tr style="height: 1px; background-color: #cceeff;">
<td style="padding: 0px; height: 1px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 90%;">
<p align="left" style="margin: 0px; text-align: left; break-after: avoid; font-size: 11pt; font-family: 'Times New Roman', serif; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-size: 10pt; font-family: 'times new roman', times;"><b style="mso-bidi-font-weight: normal;"><font style="color: black;">Right-of-use assets, net</font></b><b style="mso-bidi-font-weight: normal;"><font style="color: #000000;"></font></b></font></p>








  </td>
<td style="padding: 0px; height: 1px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 10%;">
<p align="right" style="margin: 0px; text-align: right; break-after: avoid; font-size: 11pt; font-family: 'Times New Roman', serif; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-size: 10pt; font-family: 'times new roman', times; color: #000000;">&nbsp;</font></p>








  </td>








 </tr>
<tr style="height: 1px;">
<td style="padding: 0px; height: 1px; margin: 0px; text-indent: 0px;">
<p align="left" style="margin: 0px; text-align: left; break-after: avoid; font-size: 11pt; font-family: 'Times New Roman', serif; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-size: 10pt; font-family: 'times new roman', times;"><font style="color: #000000;">Nominal base</font><font style="color: #000000;"></font></font></p>








  </td>
<td style="padding: 0px; height: 1px; margin: 0px; text-indent: 0px;">
<p align="right" style="margin: 0px; text-align: right; break-after: avoid; font-size: 11pt; font-family: 'Times New Roman', serif; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-size: 10pt; font-family: 'times new roman', times;"><font style="color: #000000;">1,671,590</font><font style="color: #000000;"></font></font></p>








  </td>








 </tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p align="left" style="margin: 0px; text-align: left; break-after: avoid; font-size: 11pt; font-family: 'Times New Roman', serif; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-size: 10pt; font-family: 'times new roman', times;"><font style="color: #000000;">Inflated base</font><font style="color: #000000;"></font></font></p>








  </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p align="right" style="margin: 0px; text-align: right; break-after: avoid; font-size: 11pt; font-family: 'Times New Roman', serif; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-size: 10pt; font-family: 'times new roman', times;"><font style="color: #000000;">2,062,063</font><font style="color: #000000;"></font></font></p>








  </td>








 </tr>
<tr style="height: 1px;">
<td valign="bottom" style="padding: 0px; height: 1px; margin: 0px; text-indent: 0px;">
<p align="left" style="margin: 0px; text-align: left; break-after: avoid; font-size: 11pt; font-family: 'Times New Roman', serif; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-size: 10pt; font-family: 'times new roman', times; color: #323130;">&nbsp;</font></p>








  </td>
<td style="padding: 0px; height: 1px; margin: 0px; text-indent: 0px; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;">
<p align="right" style="margin: 0px; text-align: right; break-after: avoid; font-size: 11pt; font-family: 'Times New Roman', serif; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-size: 10pt; font-family: 'times new roman', times;"><font style="color: #000000;">23.4%</font><font style="color: #000000;"></font></font></p>








  </td>








 </tr>
<tr style="height: 1px; background-color: #cceeff;">
<td valign="bottom" style="padding: 0px; height: 1px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p align="left" style="margin: 0px; text-align: left; break-after: avoid; font-size: 11pt; font-family: 'Times New Roman', serif; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-size: 10pt; font-family: 'times new roman', times; color: #323130;">&nbsp;</font></p>








  </td>
<td valign="bottom" style="padding: 0px; height: 1px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p align="right" style="margin: 0px; text-align: right; break-after: avoid; font-size: 11pt; font-family: 'Times New Roman', serif; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-size: 10pt; font-family: 'times new roman', times; color: #323130;">&nbsp;</font></p>








  </td>








 </tr>
<tr style="height: 1px;">
<td style="padding: 0px; height: 1px; margin: 0px; text-indent: 0px;">
<p align="left" style="margin: 0px; text-align: left; break-after: avoid; font-size: 11pt; font-family: 'Times New Roman', serif; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-size: 10pt; font-family: 'times new roman', times;"><b style="mso-bidi-font-weight: normal;"><font style="color: black;">Leases payable</font></b><b style="mso-bidi-font-weight: normal;"><font style="color: #000000;"></font></b></font></p>








  </td>
<td style="padding: 0px; height: 1px; margin: 0px; text-indent: 0px;">
<p align="center" style="margin: 0px; text-align: center; break-after: avoid; font-size: 11pt; font-family: 'Times New Roman', serif; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-size: 10pt; font-family: 'times new roman', times;"><b style="mso-bidi-font-weight: normal;"><font style="color: #000000;">&nbsp;</font></b></font></p>








  </td>








 </tr>
<tr style="height: 1px; background-color: #cceeff;">
<td style="padding: 0px; height: 1px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p align="left" style="margin: 0px; text-align: left; break-after: avoid; font-size: 11pt; font-family: 'Times New Roman', serif; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-size: 10pt; font-family: 'times new roman', times;"><font style="color: #000000;">Nominal base</font><font style="color: #000000;"></font></font></p>








  </td>
<td style="padding: 0px; height: 1px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p align="right" style="margin: 0px; text-align: right; break-after: avoid; font-size: 11pt; font-family: 'Times New Roman', serif; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-size: 10pt; font-family: 'times new roman', times;"><font style="color: #000000;">1,472,094</font><font style="color: #000000;"></font></font></p>








  </td>








 </tr>
<tr style="height: 1px;">
<td style="padding: 0px; height: 1px; margin: 0px; text-indent: 0px;">
<p align="left" style="margin: 0px; text-align: left; break-after: avoid; font-size: 11pt; font-family: 'Times New Roman', serif; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-size: 10pt; font-family: 'times new roman', times;"><font style="color: #000000;">Inflated base</font><font style="color: #000000;"></font></font></p>








  </td>
<td style="padding: 0px; height: 1px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p align="right" style="margin: 0px; text-align: right; break-after: avoid; font-size: 11pt; font-family: 'Times New Roman', serif; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-size: 10pt; font-family: 'times new roman', times;"><font style="color: #000000;">1,862,567</font><font style="color: #000000;"></font></font></p>








  </td>








 </tr>
<tr style="height: 1px; background-color: #cceeff;">
<td valign="bottom" style="padding: 0px; height: 1px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p align="left" style="margin: 0px; text-align: left; break-after: avoid; font-size: 11pt; font-family: 'Times New Roman', serif; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-size: 10pt; font-family: 'times new roman', times; color: #323130;">&nbsp;</font></p>








  </td>
<td style="padding: 0px; height: 1px; margin: 0px; text-indent: 0px; background-color: #cceeff; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;">
<p align="right" style="margin: 0px; text-align: right; break-after: avoid; font-size: 11pt; font-family: 'Times New Roman', serif; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-size: 10pt; font-family: 'times new roman', times;"><font style="color: #000000;">26.5%</font><font style="color: #000000;"></font></font></p>








  </td>








 </tr>
<tr style="height: 1px;">
<td valign="bottom" style="padding: 0px; height: 1px; margin: 0px; text-indent: 0px;">
<p align="left" style="margin: 0px; text-align: left; break-after: avoid; font-size: 11pt; font-family: 'Times New Roman', serif; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-size: 10pt; font-family: 'times new roman', times; color: #323130;">&nbsp;</font></p>








  </td>
<td valign="bottom" style="padding: 0px; height: 1px; margin: 0px; text-indent: 0px;">
<p align="right" style="margin: 0px; text-align: right; break-after: avoid; font-size: 11pt; font-family: 'Times New Roman', serif; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-size: 10pt; font-family: 'times new roman', times; color: #323130;">&nbsp;</font></p>








  </td>








 </tr>
<tr style="height: 1px; background-color: #cceeff;">
<td style="padding: 0px; height: 1px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p align="left" style="margin: 0px; text-align: left; break-after: avoid; font-size: 11pt; font-family: 'Times New Roman', serif; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-size: 10pt; font-family: 'times new roman', times;"><b style="mso-bidi-font-weight: normal;"><font style="color: black;">Financial expenses</font></b><b style="mso-bidi-font-weight: normal;"><font style="color: #000000;"></font></b></font></p>








  </td>
<td style="padding: 0px; height: 1px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p align="center" style="margin: 0px; text-align: center; break-after: avoid; font-size: 11pt; font-family: 'Times New Roman', serif; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-size: 10pt; font-family: 'times new roman', times;"><b style="mso-bidi-font-weight: normal;"><font style="color: #000000;">&nbsp;</font></b></font></p>








  </td>








 </tr>
<tr style="height: 1px;">
<td style="padding: 0px; height: 1px; margin: 0px; text-indent: 0px;">
<p align="left" style="margin: 0px; text-align: left; break-after: avoid; font-size: 11pt; font-family: 'Times New Roman', serif; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-size: 10pt; font-family: 'times new roman', times;"><font style="color: #000000;">Nominal base</font><font style="color: #000000;"></font></font></p>








  </td>
<td style="padding: 0px; height: 1px; margin: 0px; text-indent: 0px;">
<p align="right" style="margin: 0px; text-align: right; break-after: avoid; font-size: 11pt; font-family: 'Times New Roman', serif; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-size: 10pt; font-family: 'times new roman', times;"><font style="color: #000000;">33,547</font><font style="color: #000000;"></font></font></p>








  </td>








 </tr>
<tr style="height: 1px; background-color: #cceeff;">
<td style="padding: 0px; height: 1px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p align="left" style="margin: 0px; text-align: left; break-after: avoid; font-size: 11pt; font-family: 'Times New Roman', serif; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-size: 10pt; font-family: 'times new roman', times;"><font style="color: #000000;">Inflated base</font><font style="color: #000000;"></font></font></p>








  </td>
<td style="padding: 0px; height: 1px; margin: 0px; text-indent: 0px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p align="right" style="margin: 0px; text-align: right; break-after: avoid; font-size: 11pt; font-family: 'Times New Roman', serif; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-size: 10pt; font-family: 'times new roman', times;"><font style="color: #000000;">39,730</font><font style="color: #000000;"></font></font></p>








  </td>








 </tr>
<tr style="height: 1px;">
<td valign="bottom" style="padding: 0px; height: 1px; margin: 0px; text-indent: 0px;">
<p align="left" style="margin: 0px; text-align: left; break-after: avoid; font-size: 11pt; font-family: 'Times New Roman', serif; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-size: 10pt; font-family: 'times new roman', times; color: #323130;">&nbsp;</font></p>








  </td>
<td style="padding: 0px; height: 1px; margin: 0px; text-indent: 0px; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;">
<p align="right" style="margin: 0px; text-align: right; break-after: avoid; font-size: 11pt; font-family: 'Times New Roman', serif; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-size: 10pt; font-family: 'times new roman', times;"><font style="color: #000000;">18.4%</font><font style="color: #000000;"></font></font></p>








  </td>








 </tr>
<tr style="height: 1px; background-color: #cceeff;">
<td valign="bottom" style="padding: 0px; height: 1px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p align="left" style="margin: 0px; text-align: left; break-after: avoid; font-size: 11pt; font-family: 'Times New Roman', serif; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-size: 10pt; font-family: 'times new roman', times; color: #323130;">&nbsp;</font></p>








  </td>
<td valign="bottom" style="padding: 0px; height: 1px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p align="right" style="margin: 0px; text-align: right; break-after: avoid; font-size: 11pt; font-family: 'Times New Roman', serif; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-size: 10pt; font-family: 'times new roman', times; color: #323130;">&nbsp;</font></p>








  </td>








 </tr>
<tr style="height: 1px;">
<td style="padding: 0px; height: 1px; margin: 0px; text-indent: 0px;">
<p align="left" style="margin: 0px; text-align: left; break-after: avoid; font-size: 11pt; font-family: 'Times New Roman', serif; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-size: 10pt; font-family: 'times new roman', times;"><b style="mso-bidi-font-weight: normal;"><font style="color: black;">Amortization expense</font></b><b style="mso-bidi-font-weight: normal;"><font style="color: #000000;"></font></b></font></p>








  </td>
<td style="padding: 0px; height: 1px; margin: 0px; text-indent: 0px;">
<p align="center" style="margin: 0px; text-align: center; break-after: avoid; font-size: 11pt; font-family: 'Times New Roman', serif; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-size: 10pt; font-family: 'times new roman', times;"><b style="mso-bidi-font-weight: normal;"><font style="color: #000000;">&nbsp;</font></b></font></p>








  </td>








 </tr>
<tr style="height: 1px; background-color: #cceeff;">
<td style="padding: 0px; height: 1px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p align="left" style="margin: 0px; text-align: left; break-after: avoid; font-size: 11pt; font-family: 'Times New Roman', serif; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-size: 10pt; font-family: 'times new roman', times;"><font style="color: #000000;">Nominal base</font><font style="color: #000000;"></font></font></p>








  </td>
<td style="padding: 0px; height: 1px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p align="right" style="margin: 0px; text-align: right; break-after: avoid; font-size: 11pt; font-family: 'Times New Roman', serif; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-size: 10pt; font-family: 'times new roman', times;"><font style="color: #000000;">71,064</font><font style="color: #000000;"></font></font></p>








  </td>








 </tr>
<tr style="height: 1px;">
<td style="padding: 0px; height: 1px; margin: 0px; text-indent: 0px;">
<p align="left" style="margin: 0px; text-align: left; break-after: avoid; font-size: 11pt; font-family: 'Times New Roman', serif; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-size: 10pt; font-family: 'times new roman', times;"><font style="color: #000000;">Inflated base</font><font style="color: #000000;"></font></font></p>








  </td>
<td style="padding: 0px; height: 1px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p align="right" style="margin: 0px; text-align: right; break-after: avoid; font-size: 11pt; font-family: 'Times New Roman', serif; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-size: 10pt; font-family: 'times new roman', times;"><font style="color: #000000;">89,567</font><font style="color: #000000;"></font></font></p>








  </td>








 </tr>
<tr style="height: 10px; background-color: #cceeff;">
<td valign="bottom" style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p align="left" style="margin: 0px; text-align: left; break-after: avoid; font-size: 11pt; font-family: 'Times New Roman', serif; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-size: 10pt; font-family: 'times new roman', times; color: #323130;">&nbsp;</font></p>








  </td>
<td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;">
<p align="right" style="margin: 0px; text-align: right; break-after: avoid; font-size: 11pt; font-family: 'Times New Roman', serif; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><font style="font-size: 10pt; font-family: 'times new roman', times;"><font style="color: #000000;">26.0%</font><font style="color: #000000;"></font></font></p>








  </td>








 </tr>
















</table>
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">The possible credits of PIS and COFINS on payments of leases, calculated based on the rate of 9.25% according to the Brazilian tax legislation for the period ended March 31, 2024 are presented below:</font></p>
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<table cellspacing="0" cellpadding="0" style="border-collapse: collapse; margin-left: 0px; font-family: 'times new roman'; font-size: 10pt; width: 100%; height: 64px;" width="100%">

<tr style="height: 32px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 32px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>

























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 32px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">Potential right of recoverable PIS and COFINS</font></p>

























</td>























</tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 90%; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Cash flow at present value</font></p>

























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 10%; height: 16px; background-color: #cceeff; border-bottom-width: 1px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">136,169</font></p>

























</td>























</tr>
<tr style="height: 16px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Nominal cash flow</font></p>

























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">207,235</font></p>

























</td>























</tr>

















































</table>
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: justify; text-indent: 0px;"><br></p>
<p style="margin: 2pt 0pt 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><br></p>
<p style="margin: 2pt 0pt 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


















</div>


















</div>


















</div>


















</div>
<div style="line-height: 1.2;">
<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; line-height: inherit;" class="pageno"><font class='pageno'>43</font></font></td>

























</tr>



















































</table>
<hr class="horizontalLineRemoved" style="border-bottom-color: #000000; border-top-color: #000000; color: #000000; background-color: #000000;"></hr>
<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div>
<div style="width: 8.5in; margin: 0 auto;">
<div style="line-height: 1.2;">
<div>
<table style="font-size: 10pt; width: 100%; height: 30px; border-collapse: collapse; font-family: 'times new roman'; margin: 0px; text-indent: 0px;">

<tr style="height: 10px;">
<td style="height: 10px; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times; font-size: 12pt; font-weight: bold; float: none; line-height: inherit; display: inline !important;">Ultrapar Participa&#231;&#245;es S.A. and Subsidiaries</font></td>
<td style="height: 10px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><img src="imgc0dec36d433f45a2aa5c.jpg" style="float: right;" alt="Graphics"></font></td>



























</tr>
<tr style="height: 10px;">
<td style="height: 10px;">
<p style="margin: 2pt 0in 0in; text-align: justify; font-size: 11pt; font-family: 'Times New Roman', serif;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">
















<b style="mso-bidi-font-weight: normal;">Notes to the interim financial information</b>


</font></p>



























</td>
<td style="height: 10px;"><br></td>



























</tr>
<tr style="height: 10px;">
<td style="font-size: 10pt; height: 10px; width: 75%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000080 !important;">
<p style="margin: 2pt 0in 0.0001pt; text-align: justify; font-size: 11pt; font-family: 'Times New Roman', 'serif';"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><b style="mso-bidi-font-weight: normal;">For the period ended March 31, 2024</b></font><b><font style="font-size: 9pt; font-family: Arial, 'sans-serif'; line-height: inherit;"></font></b></p>



























</td>
<td style="height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000080 !important;"><br></td>



























</tr>























































</table>
<p style="margin: 0pt; text-align: left; line-height: 1.2;">&nbsp;</p>























</div>























</div>
<div style="line-height: 1.2;">
<div style="background-color: #002060; margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; widows: 0;"><a style="text-decoration: none; color: #000000; cursor: default; outline: none; pointer-events: none;" href="#TOC" name="Ba12_34202414464536" class="customBookmark"><font style="color: #ffffff; font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">13. Property, plant, and equipment (Consolidated)</font></a></div>
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: justify; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: justify; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Balances and changes in property, plant and equipment are as follows:</font></p>
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">&nbsp;</font></p>
<table cellspacing="0" cellpadding="0" style="border-collapse: collapse; margin-left: 0px; font-family: 'times new roman'; font-size: 10pt; width: 99.8627%; height: 382px;" width="100%">

<tr style="height: 80px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 80px; width: 7.57946%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 7pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>

























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 80px; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; width: 4.27873%;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 7pt; font-weight: bold; line-height: inherit;">Land</font></p>

























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 80px; vertical-align: bottom; border-bottom-width: 1px; width: 1.10024%;" valign="bottom"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 80px; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; width: 5.74572%;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 7pt; font-weight: bold; line-height: inherit;">Buildings</font></p>

























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 80px; vertical-align: bottom; border-bottom-width: 1px; width: 1.10024%;" valign="bottom"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 80px; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; width: 8.06846%;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 7pt; font-weight: bold; line-height: inherit;">Leasehold improvements</font></p>

























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 80px; vertical-align: bottom; border-bottom-width: 1px; width: 1.10024%;" valign="bottom"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 80px; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; width: 6.35697%; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 7pt; font-weight: bold; line-height: inherit;">Machinery and equipment</font></p>

























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 80px; vertical-align: bottom; border-bottom-width: 1px; width: 1.10024%;" valign="bottom"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 80px; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; width: 7.70171%;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 7pt; font-weight: bold; line-height: inherit;">Automotive fuel/lubricant distribution equipment and facilities</font></p>

























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 80px; vertical-align: bottom; border-bottom-width: 1px; width: 1.10024%;" valign="bottom"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 80px; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; width: 5.25672%;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 7pt; font-weight: bold; line-height: inherit;">LPG tanks and bottles</font></p>

























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 80px; vertical-align: bottom; border-bottom-width: 1px; width: 1.10024%;" valign="bottom"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 80px; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; width: 5.13447%;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 7pt; font-weight: bold; line-height: inherit;">Vehicles</font></p>

























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 80px; vertical-align: bottom; border-bottom-width: 1px; width: 1.10024%;" valign="bottom"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 80px; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; width: 5.86797%;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 7pt; font-weight: bold; line-height: inherit;">Furniture and fixtures</font></p>

























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 80px; vertical-align: bottom; border-bottom-width: 1px; width: 1.10024%;" valign="bottom"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 80px; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; width: 6.23472%;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 7pt; font-weight: bold; line-height: inherit;">IT equipment</font></p>

























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 80px; vertical-align: bottom; border-bottom-width: 1px; width: 1.10024%;" valign="bottom"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 80px; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; width: 7.45721%;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 7pt; font-weight: bold; line-height: inherit;">Construction in progress</font></p>

























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 80px; vertical-align: bottom; border-bottom-width: 1px; width: 1.10024%;" valign="bottom"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 80px; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; width: 5.74572%;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 7pt; font-weight: bold; line-height: inherit;">Advances to suppliers</font></p>

























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 80px; vertical-align: bottom; border-bottom-width: 1px; width: 1.10024%;" valign="bottom"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 80px; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; width: 5.25672%;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 7pt; font-weight: bold; line-height: inherit;">Imports in progress</font></p>

























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 80px; vertical-align: bottom; border-bottom-width: 1px; width: 1.10024%;" valign="bottom"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 80px; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; width: 5.99022%;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 7pt; font-weight: bold; line-height: inherit;">Total</font></p>

























</td>



</tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; width: 7.57946%; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 7pt; line-height: inherit;">Weighted average useful life (years)</font></p>

























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; width: 4.27873%; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 7pt; line-height: inherit;">-</font></p>

























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; width: 1.10024%; background-color: #cceeff; vertical-align: bottom;" valign="bottom"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; width: 5.74572%; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 7pt; line-height: inherit;">32</font></p>

























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; width: 1.10024%; background-color: #cceeff; vertical-align: bottom;" valign="bottom"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; width: 8.06846%; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 7pt; line-height: inherit;">14</font></p>

























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; width: 1.10024%; background-color: #cceeff; vertical-align: bottom;" valign="bottom"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; width: 6.35697%; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 7pt; line-height: inherit;">11</font></p>

























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; width: 1.10024%; background-color: #cceeff; vertical-align: bottom;" valign="bottom"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; width: 7.70171%; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 7pt; line-height: inherit;">14</font></p>

























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; width: 1.10024%; background-color: #cceeff; vertical-align: bottom;" valign="bottom"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; width: 5.25672%; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 7pt; line-height: inherit;">8</font></p>

























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; width: 1.10024%; background-color: #cceeff; vertical-align: bottom;" valign="bottom"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; width: 5.13447%; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 7pt; line-height: inherit;">9</font></p>

























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; width: 1.10024%; background-color: #cceeff; vertical-align: bottom;" valign="bottom"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; width: 5.86797%; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 7pt; line-height: inherit;">9</font></p>

























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; width: 1.10024%; background-color: #cceeff; vertical-align: bottom;" valign="bottom"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; width: 6.23472%; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 7pt; line-height: inherit;">5</font></p>

























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; width: 1.10024%; background-color: #cceeff; vertical-align: bottom;" valign="bottom"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; width: 7.45721%; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 7pt; line-height: inherit;">-</font></p>

























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; width: 1.10024%; background-color: #cceeff; vertical-align: bottom;" valign="bottom"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; width: 5.74572%; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 7pt; line-height: inherit;">-</font></p>

























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; width: 1.10024%; background-color: #cceeff; vertical-align: bottom;" valign="bottom"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; width: 5.25672%; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 7pt; line-height: inherit;">-</font></p>

























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; width: 1.10024%; background-color: #cceeff; vertical-align: bottom;" valign="bottom"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; width: 5.99022%; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 7pt; line-height: inherit;">&#8208;</font></p>

























</td>



</tr>
<tr style="height: 16px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px; width: 7.57946%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 7pt; font-weight: bold; line-height: inherit;">Cost</font></p>

























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; text-align: right; vertical-align: bottom; width: 4.27873%;" valign="bottom">
<p style="margin: 0pt; break-after: avoid; break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 7pt; line-height: inherit;">&nbsp;</font></p>

























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; text-align: right; vertical-align: bottom; width: 1.10024%;" valign="bottom"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; text-align: right; vertical-align: bottom; width: 5.74572%;" valign="bottom">
<p style="margin: 0pt; break-after: avoid; break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 7pt; line-height: inherit;">&nbsp;</font></p>

























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; vertical-align: bottom; width: 1.10024%;" valign="bottom"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; vertical-align: bottom; width: 8.06846%;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 7pt; line-height: inherit;">&nbsp;</font></p>

























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; vertical-align: bottom; width: 1.10024%;" valign="bottom"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; vertical-align: bottom; width: 6.35697%;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 7pt; line-height: inherit;">&nbsp;</font></p>

























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; vertical-align: bottom; width: 1.10024%;" valign="bottom"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; vertical-align: bottom; width: 7.70171%;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 7pt; line-height: inherit;">&nbsp;</font></p>

























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; vertical-align: bottom; width: 1.10024%;" valign="bottom"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; vertical-align: bottom; width: 5.25672%;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 7pt; line-height: inherit;">&nbsp;</font></p>

























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; vertical-align: bottom; width: 1.10024%;" valign="bottom"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; vertical-align: bottom; width: 5.13447%;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 7pt; line-height: inherit;">&nbsp;</font></p>

























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; vertical-align: bottom; width: 1.10024%;" valign="bottom"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; vertical-align: bottom; width: 5.86797%;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 7pt; line-height: inherit;">&nbsp;</font></p>

























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; vertical-align: bottom; width: 1.10024%;" valign="bottom"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; vertical-align: bottom; width: 6.23472%;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 7pt; line-height: inherit;">&nbsp;</font></p>

























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; vertical-align: bottom; width: 1.10024%;" valign="bottom"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; vertical-align: bottom; width: 7.45721%;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 7pt; line-height: inherit;">&nbsp;</font></p>

























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; vertical-align: bottom; width: 1.10024%;" valign="bottom"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; vertical-align: bottom; width: 5.74572%;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 7pt; line-height: inherit;">&nbsp;</font></p>

























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; vertical-align: bottom; width: 1.10024%;" valign="bottom"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; vertical-align: bottom; width: 5.25672%;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 7pt; line-height: inherit;">&nbsp;</font></p>

























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; vertical-align: bottom; width: 1.10024%;" valign="bottom"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; vertical-align: bottom; width: 5.99022%;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 7pt; line-height: inherit;">&nbsp;</font></p>

























</td>



</tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px; background-color: #cceeff; width: 7.57946%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 7pt; font-weight: bold; line-height: inherit;">Balance as of 12/31/2023</font></p>

























</td>
<td style="height: 16px; text-align: right; background-color: #cceeff; vertical-align: bottom; width: 4.27873%;" valign="bottom">
<p style="margin: 0pt 3.15pt 0pt 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 7pt; font-weight: bold; line-height: inherit;">607,152</font></p>

























</td>
<td style="height: 16px; text-align: right; background-color: #cceeff; vertical-align: bottom; width: 1.10024%;" valign="bottom"><br></td>
<td style="height: 16px; text-align: right; background-color: #cceeff; vertical-align: bottom; width: 5.74572%;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 7pt; font-weight: bold; line-height: inherit;">1,646,996</font></p>

























</td>
<td style="height: 16px; background-color: #cceeff; vertical-align: bottom; width: 1.10024%;" valign="bottom"><br></td>
<td style="height: 16px; background-color: #cceeff; vertical-align: bottom; width: 8.06846%;" valign="bottom">
<p style="margin: 0pt 3.5pt 0pt 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 7pt; font-weight: bold; line-height: inherit;">1,292,998</font></p>

























</td>
<td style="height: 16px; background-color: #cceeff; vertical-align: bottom; width: 1.10024%;" valign="bottom"><br></td>
<td style="height: 16px; background-color: #cceeff; vertical-align: bottom; width: 6.35697%;" valign="bottom">
<p style="margin: 0pt 2.75pt 0pt 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 7pt; font-weight: bold; line-height: inherit;">3,530,184</font></p>

























</td>
<td style="height: 16px; background-color: #cceeff; vertical-align: bottom; width: 1.10024%;" valign="bottom"><br></td>
<td style="height: 16px; background-color: #cceeff; vertical-align: bottom; width: 7.70171%;" valign="bottom">
<p style="margin: 0pt 3.1pt 0pt 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 7pt; font-weight: bold; line-height: inherit;">3,361,637</font></p>

























</td>
<td style="height: 16px; background-color: #cceeff; vertical-align: bottom; width: 1.10024%;" valign="bottom"><br></td>
<td style="height: 16px; background-color: #cceeff; vertical-align: bottom; width: 5.25672%;" valign="bottom">
<p style="margin: 0pt 3.75pt 0pt 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 7pt; font-weight: bold; line-height: inherit;">1,006,398</font></p>

























</td>
<td style="height: 16px; background-color: #cceeff; vertical-align: bottom; width: 1.10024%;" valign="bottom"><br></td>
<td style="height: 16px; background-color: #cceeff; vertical-align: bottom; width: 5.13447%;" valign="bottom">
<p style="margin: 0pt 3.35pt 0pt 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 7pt; font-weight: bold; line-height: inherit;">371,434</font></p>

























</td>
<td style="height: 16px; background-color: #cceeff; vertical-align: bottom; width: 1.10024%;" valign="bottom"><br></td>
<td style="height: 16px; background-color: #cceeff; vertical-align: bottom; width: 5.86797%;" valign="bottom">
<p style="margin: 0pt 2.65pt 0pt 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 7pt; font-weight: bold; line-height: inherit;">212,640</font></p>

























</td>
<td style="height: 16px; background-color: #cceeff; vertical-align: bottom; width: 1.10024%;" valign="bottom"><br></td>
<td style="height: 16px; background-color: #cceeff; vertical-align: bottom; width: 6.23472%;" valign="bottom">
<p style="margin: 0pt 4.2pt 0pt 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 7pt; font-weight: bold; line-height: inherit;">318,721</font></p>

























</td>
<td style="height: 16px; background-color: #cceeff; vertical-align: bottom; width: 1.10024%;" valign="bottom"><br></td>
<td style="height: 16px; background-color: #cceeff; vertical-align: bottom; width: 7.45721%;" valign="bottom">
<p style="margin: 0pt 3.4pt 0pt 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 7pt; font-weight: bold; line-height: inherit;">783,496</font></p>

























</td>
<td style="height: 16px; background-color: #cceeff; vertical-align: bottom; width: 1.10024%;" valign="bottom"><br></td>
<td style="height: 16px; background-color: #cceeff; vertical-align: bottom; width: 5.74572%;" valign="bottom">
<p style="margin: 0pt 3.85pt 0pt 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 7pt; font-weight: bold; line-height: inherit;">32,557</font></p>

























</td>
<td style="height: 16px; background-color: #cceeff; vertical-align: bottom; width: 1.10024%;" valign="bottom"><br></td>
<td style="height: 16px; background-color: #cceeff; vertical-align: bottom; width: 5.25672%;" valign="bottom">
<p style="margin: 0pt 3.25pt 0pt 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 7pt; font-weight: bold; line-height: inherit;">3,107</font></p>

























</td>
<td style="height: 16px; background-color: #cceeff; vertical-align: bottom; width: 1.10024%;" valign="bottom"><br></td>
<td style="height: 16px; background-color: #cceeff; vertical-align: bottom; width: 5.99022%;" valign="bottom">
<p style="margin: 0pt 3.65pt 0pt 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 7pt; font-weight: bold; line-height: inherit;">13,167,320</font></p>

























</td>



</tr>
<tr style="height: 16px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px; width: 7.57946%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 7pt; line-height: inherit;">Additions</font></p>

























</td>
<td style="height: 16px; text-align: right; vertical-align: bottom; width: 4.27873%;" valign="bottom">
<p style="margin: 0pt 3.15pt 0pt 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 7pt; line-height: inherit;">&#8208;</font></p>

























</td>
<td style="height: 16px; text-align: right; vertical-align: bottom; width: 1.10024%;" valign="bottom"><br></td>
<td style="height: 16px; text-align: right; vertical-align: bottom; width: 5.74572%;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 7pt; line-height: inherit;">22,761</font></p>

























</td>
<td style="height: 16px; vertical-align: bottom; width: 1.10024%;" valign="bottom"><br></td>
<td style="height: 16px; vertical-align: bottom; width: 8.06846%;" valign="bottom">
<p style="margin: 0pt 3.5pt 0pt 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 7pt; line-height: inherit;">3,221</font></p>

























</td>
<td style="height: 16px; vertical-align: bottom; width: 1.10024%;" valign="bottom"><br></td>
<td style="height: 16px; vertical-align: bottom; width: 6.35697%;" valign="bottom">
<p style="margin: 0pt 2.75pt 0pt 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 7pt; line-height: inherit;">28,177</font></p>

























</td>
<td style="height: 16px; vertical-align: bottom; width: 1.10024%;" valign="bottom"><br></td>
<td style="height: 16px; vertical-align: bottom; width: 7.70171%;" valign="bottom">
<p style="margin: 0pt 3.1pt 0pt 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 7pt; line-height: inherit;">21,166</font></p>

























</td>
<td style="height: 16px; vertical-align: bottom; width: 1.10024%;" valign="bottom"><br></td>
<td style="height: 16px; vertical-align: bottom; width: 5.25672%;" valign="bottom">
<p style="margin: 0pt 3.75pt 0pt 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 7pt; line-height: inherit;">13,152</font></p>

























</td>
<td style="height: 16px; vertical-align: bottom; width: 1.10024%;" valign="bottom"><br></td>
<td style="height: 16px; vertical-align: bottom; width: 5.13447%;" valign="bottom">
<p style="margin: 0pt 3.35pt 0pt 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 7pt; line-height: inherit;">83,363</font></p>

























</td>
<td style="height: 16px; vertical-align: bottom; width: 1.10024%;" valign="bottom"><br></td>
<td style="height: 16px; vertical-align: bottom; width: 5.86797%;" valign="bottom">
<p style="margin: 0pt 2.65pt 0pt 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 7pt; line-height: inherit;">1,507</font></p>

























</td>
<td style="height: 16px; vertical-align: bottom; width: 1.10024%;" valign="bottom"><br></td>
<td style="height: 16px; vertical-align: bottom; width: 6.23472%;" valign="bottom">
<p style="margin: 0pt 4.2pt 0pt 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 7pt; line-height: inherit;">1,853</font></p>

























</td>
<td style="height: 16px; vertical-align: bottom; width: 1.10024%;" valign="bottom"><br></td>
<td style="height: 16px; vertical-align: bottom; width: 7.45721%;" valign="bottom">
<p style="margin: 0pt 3.4pt 0pt 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 7pt; line-height: inherit;">98,694</font></p>

























</td>
<td style="height: 16px; vertical-align: bottom; width: 1.10024%;" valign="bottom"><br></td>
<td style="height: 16px; vertical-align: bottom; width: 5.74572%;" valign="bottom">
<p style="margin: 0pt 3.85pt 0pt 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 7pt; line-height: inherit;">14,094</font></p>

























</td>
<td style="height: 16px; vertical-align: bottom; width: 1.10024%;" valign="bottom"><br></td>
<td style="height: 16px; vertical-align: bottom; width: 5.25672%;" valign="bottom">
<p style="margin: 0pt 3.25pt 0pt 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 7pt; line-height: inherit;">&#8208;</font></p>

























</td>
<td style="height: 16px; vertical-align: bottom; width: 1.10024%;" valign="bottom"><br></td>
<td style="height: 16px; vertical-align: bottom; width: 5.99022%;" valign="bottom">
<p style="margin: 0pt 3.65pt 0pt 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 7pt; line-height: inherit;">287,988</font></p>

























</td>



</tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px; background-color: #cceeff; width: 7.57946%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 7pt; line-height: inherit;">Transfers <sup>(i)</sup></font></p>

























</td>
<td style="height: 16px; text-align: right; background-color: #cceeff; vertical-align: bottom; width: 4.27873%;" valign="bottom">
<p style="margin: 0pt 3.15pt 0pt 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 7pt; line-height: inherit;">5,198</font></p>

























</td>
<td style="height: 16px; text-align: right; background-color: #cceeff; vertical-align: bottom; width: 1.10024%;" valign="bottom"><br></td>
<td style="height: 16px; text-align: right; background-color: #cceeff; vertical-align: bottom; width: 5.74572%;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 7pt; line-height: inherit;">9,672</font></p>

























</td>
<td style="height: 16px; background-color: #cceeff; vertical-align: bottom; width: 1.10024%;" valign="bottom"><br></td>
<td style="height: 16px; background-color: #cceeff; vertical-align: bottom; width: 8.06846%;" valign="bottom">
<p style="margin: 0pt 3.5pt 0pt 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 7pt; line-height: inherit;">2,979</font></p>

























</td>
<td style="height: 16px; background-color: #cceeff; vertical-align: bottom; width: 1.10024%;" valign="bottom"><br></td>
<td style="height: 16px; background-color: #cceeff; vertical-align: bottom; width: 6.35697%;" valign="bottom">
<p style="margin: 0pt 2.75pt 0pt 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 7pt; line-height: inherit;">21,149</font></p>

























</td>
<td style="height: 16px; background-color: #cceeff; vertical-align: bottom; width: 1.10024%;" valign="bottom"><br></td>
<td style="height: 16px; background-color: #cceeff; vertical-align: bottom; width: 7.70171%;" valign="bottom">
<p style="margin: 0pt 3.1pt 0pt 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 7pt; line-height: inherit;">29,602</font></p>

























</td>
<td style="height: 16px; background-color: #cceeff; vertical-align: bottom; width: 1.10024%;" valign="bottom"><br></td>
<td style="height: 16px; background-color: #cceeff; vertical-align: bottom; width: 5.25672%;" valign="bottom">
<p style="margin: 0pt 3.75pt 0pt 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 7pt; line-height: inherit;">1</font></p>

























</td>
<td style="height: 16px; background-color: #cceeff; vertical-align: bottom; width: 1.10024%;" valign="bottom"><br></td>
<td style="height: 16px; background-color: #cceeff; vertical-align: bottom; width: 5.13447%;" valign="bottom">
<p style="margin: 0pt 3.35pt 0pt 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 7pt; line-height: inherit;">2,188</font></p>

























</td>
<td style="height: 16px; background-color: #cceeff; vertical-align: bottom; width: 1.10024%;" valign="bottom"><br></td>
<td style="height: 16px; background-color: #cceeff; vertical-align: bottom; width: 5.86797%;" valign="bottom">
<p style="margin: 0pt 2.65pt 0pt 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 7pt; line-height: inherit;">132</font></p>

























</td>
<td style="height: 16px; background-color: #cceeff; vertical-align: bottom; width: 1.10024%;" valign="bottom"><br></td>
<td style="height: 16px; background-color: #cceeff; vertical-align: bottom; width: 6.23472%;" valign="bottom">
<p style="margin: 0pt 4.2pt 0pt 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 7pt; line-height: inherit;">(5,413)</font></p>

























</td>
<td style="height: 16px; background-color: #cceeff; vertical-align: bottom; width: 1.10024%;" valign="bottom"><br></td>
<td style="height: 16px; background-color: #cceeff; vertical-align: bottom; width: 7.45721%;" valign="bottom">
<p style="margin: 0pt 3.4pt 0pt 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 7pt; line-height: inherit;">(71,595)</font></p>

























</td>
<td style="height: 16px; background-color: #cceeff; vertical-align: bottom; width: 1.10024%;" valign="bottom"><br></td>
<td style="height: 16px; background-color: #cceeff; vertical-align: bottom; width: 5.74572%;" valign="bottom">
<p style="margin: 0pt 3.85pt 0pt 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 7pt; line-height: inherit;">(34)</font></p>

























</td>
<td style="height: 16px; background-color: #cceeff; vertical-align: bottom; width: 1.10024%;" valign="bottom"><br></td>
<td style="height: 16px; background-color: #cceeff; vertical-align: bottom; width: 5.25672%;" valign="bottom">
<p style="margin: 0pt 3.25pt 0pt 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 7pt; line-height: inherit;">(3,107)</font></p>

























</td>
<td style="height: 16px; background-color: #cceeff; vertical-align: bottom; width: 1.10024%;" valign="bottom"><br></td>
<td style="height: 16px; background-color: #cceeff; vertical-align: bottom; width: 5.99022%;" valign="bottom">
<p style="margin: 0pt 3.65pt 0pt 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 7pt; line-height: inherit;">(9,228)</font></p>

























</td>



</tr>
<tr style="height: 16px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px; width: 7.57946%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 7pt; line-height: inherit;">Write-offs</font></p>

























</td>
<td style="height: 16px; text-align: right; vertical-align: bottom; width: 4.27873%;" valign="bottom">
<p style="margin: 0pt 3.15pt 0pt 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 7pt; line-height: inherit;">(1,010)</font></p>

























</td>
<td style="height: 16px; text-align: right; vertical-align: bottom; width: 1.10024%;" valign="bottom"><br></td>
<td style="height: 16px; text-align: right; vertical-align: bottom; width: 5.74572%;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 7pt; line-height: inherit;">(6,631)</font></p>

























</td>
<td style="height: 16px; vertical-align: bottom; width: 1.10024%;" valign="bottom"><br></td>
<td style="height: 16px; vertical-align: bottom; width: 8.06846%;" valign="bottom">
<p style="margin: 0pt 3.5pt 0pt 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 7pt; line-height: inherit;">(3,303)</font></p>

























</td>
<td style="height: 16px; vertical-align: bottom; width: 1.10024%;" valign="bottom"><br></td>
<td style="height: 16px; vertical-align: bottom; width: 6.35697%;" valign="bottom">
<p style="margin: 0pt 2.75pt 0pt 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 7pt; line-height: inherit;">(1,182)</font></p>

























</td>
<td style="height: 16px; vertical-align: bottom; width: 1.10024%;" valign="bottom"><br></td>
<td style="height: 16px; vertical-align: bottom; width: 7.70171%;" valign="bottom">
<p style="margin: 0pt 3.1pt 0pt 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 7pt; line-height: inherit;">(53,136)</font></p>

























</td>
<td style="height: 16px; vertical-align: bottom; width: 1.10024%;" valign="bottom"><br></td>
<td style="height: 16px; vertical-align: bottom; width: 5.25672%;" valign="bottom">
<p style="margin: 0pt 3.75pt 0pt 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 7pt; line-height: inherit;">(3,766)</font></p>

























</td>
<td style="height: 16px; vertical-align: bottom; width: 1.10024%;" valign="bottom"><br></td>
<td style="height: 16px; vertical-align: bottom; width: 5.13447%;" valign="bottom">
<p style="margin: 0pt 3.35pt 0pt 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 7pt; line-height: inherit;">(6,756)</font></p>

























</td>
<td style="height: 16px; vertical-align: bottom; width: 1.10024%;" valign="bottom"><br></td>
<td style="height: 16px; vertical-align: bottom; width: 5.86797%;" valign="bottom">
<p style="margin: 0pt 2.65pt 0pt 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 7pt; line-height: inherit;">(422)</font></p>

























</td>
<td style="height: 16px; vertical-align: bottom; width: 1.10024%;" valign="bottom"><br></td>
<td style="height: 16px; vertical-align: bottom; width: 6.23472%;" valign="bottom">
<p style="margin: 0pt 4.2pt 0pt 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 7pt; line-height: inherit;">(714)</font></p>

























</td>
<td style="height: 16px; vertical-align: bottom; width: 1.10024%;" valign="bottom"><br></td>
<td style="height: 16px; vertical-align: bottom; width: 7.45721%;" valign="bottom">
<p style="margin: 0pt 3.4pt 0pt 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 7pt; line-height: inherit;">&#8208;</font></p>

























</td>
<td style="height: 16px; vertical-align: bottom; width: 1.10024%;" valign="bottom"><br></td>
<td style="height: 16px; vertical-align: bottom; width: 5.74572%;" valign="bottom">
<p style="margin: 0pt 3.85pt 0pt 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 7pt; line-height: inherit;">(2,659)</font></p>

























</td>
<td style="height: 16px; vertical-align: bottom; width: 1.10024%;" valign="bottom"><br></td>
<td style="height: 16px; vertical-align: bottom; width: 5.25672%;" valign="bottom">
<p style="margin: 0pt 3.25pt 0pt 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 7pt; line-height: inherit;">&#8208;</font></p>

























</td>
<td style="height: 16px; vertical-align: bottom; width: 1.10024%;" valign="bottom"><br></td>
<td style="height: 16px; vertical-align: bottom; width: 5.99022%;" valign="bottom">
<p style="margin: 0pt 3.65pt 0pt 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 7pt; line-height: inherit;">(79,579)</font></p>

























</td>



</tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px; background-color: #cceeff; width: 7.57946%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 7pt; font-weight: bold; line-height: inherit;">Balance as of 03/31/2024</font></p>

























</td>
<td style="height: 16px; text-align: right; background-color: #cceeff; vertical-align: bottom; width: 4.27873%;" valign="bottom">
<p style="margin: 0pt 3.15pt 0pt 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 7pt; font-weight: bold; line-height: inherit;">611,340</font></p>

























</td>
<td style="height: 16px; text-align: right; background-color: #cceeff; vertical-align: bottom; width: 1.10024%;" valign="bottom"><br></td>
<td style="height: 16px; text-align: right; background-color: #cceeff; vertical-align: bottom; width: 5.74572%;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 7pt; font-weight: bold; line-height: inherit;">1,672,798</font></p>

























</td>
<td style="height: 16px; background-color: #cceeff; vertical-align: bottom; width: 1.10024%;" valign="bottom"><br></td>
<td style="height: 16px; background-color: #cceeff; vertical-align: bottom; width: 8.06846%;" valign="bottom">
<p style="margin: 0pt 3.5pt 0pt 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 7pt; font-weight: bold; line-height: inherit;">1,295,895</font></p>

























</td>
<td style="height: 16px; background-color: #cceeff; vertical-align: bottom; width: 1.10024%;" valign="bottom"><br></td>
<td style="height: 16px; background-color: #cceeff; vertical-align: bottom; width: 6.35697%;" valign="bottom">
<p style="margin: 0pt 2.75pt 0pt 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 7pt; font-weight: bold; line-height: inherit;">3,578,328</font></p>

























</td>
<td style="height: 16px; background-color: #cceeff; vertical-align: bottom; width: 1.10024%;" valign="bottom"><br></td>
<td style="height: 16px; background-color: #cceeff; vertical-align: bottom; width: 7.70171%;" valign="bottom">
<p style="margin: 0pt 3.1pt 0pt 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 7pt; font-weight: bold; line-height: inherit;">3,359,269</font></p>

























</td>
<td style="height: 16px; background-color: #cceeff; vertical-align: bottom; width: 1.10024%;" valign="bottom"><br></td>
<td style="height: 16px; background-color: #cceeff; vertical-align: bottom; width: 5.25672%;" valign="bottom">
<p style="margin: 0pt 3.75pt 0pt 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 7pt; font-weight: bold; line-height: inherit;">1,015,785</font></p>

























</td>
<td style="height: 16px; background-color: #cceeff; vertical-align: bottom; width: 1.10024%;" valign="bottom"><br></td>
<td style="height: 16px; background-color: #cceeff; vertical-align: bottom; width: 5.13447%;" valign="bottom">
<p style="margin: 0pt 3.35pt 0pt 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 7pt; font-weight: bold; line-height: inherit;">450,229</font></p>

























</td>
<td style="height: 16px; background-color: #cceeff; vertical-align: bottom; width: 1.10024%;" valign="bottom"><br></td>
<td style="height: 16px; background-color: #cceeff; vertical-align: bottom; width: 5.86797%;" valign="bottom">
<p style="margin: 0pt 2.65pt 0pt 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 7pt; font-weight: bold; line-height: inherit;">213,857</font></p>

























</td>
<td style="height: 16px; background-color: #cceeff; vertical-align: bottom; width: 1.10024%;" valign="bottom"><br></td>
<td style="height: 16px; background-color: #cceeff; vertical-align: bottom; width: 6.23472%;" valign="bottom">
<p style="margin: 0pt 4.2pt 0pt 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 7pt; font-weight: bold; line-height: inherit;">314,447</font></p>

























</td>
<td style="height: 16px; background-color: #cceeff; vertical-align: bottom; width: 1.10024%;" valign="bottom"><br></td>
<td style="height: 16px; background-color: #cceeff; vertical-align: bottom; width: 7.45721%;" valign="bottom">
<p style="margin: 0pt 3.4pt 0pt 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 7pt; font-weight: bold; line-height: inherit;">810,595</font></p>

























</td>
<td style="height: 16px; background-color: #cceeff; vertical-align: bottom; width: 1.10024%;" valign="bottom"><br></td>
<td style="height: 16px; background-color: #cceeff; vertical-align: bottom; width: 5.74572%;" valign="bottom">
<p style="margin: 0pt 3.85pt 0pt 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 7pt; font-weight: bold; line-height: inherit;">43,958</font></p>

























</td>
<td style="height: 16px; background-color: #cceeff; vertical-align: bottom; width: 1.10024%;" valign="bottom"><br></td>
<td style="height: 16px; background-color: #cceeff; vertical-align: bottom; width: 5.25672%;" valign="bottom">
<p style="margin: 0pt 3.25pt 0pt 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 7pt; font-weight: bold; line-height: inherit;">&#8208;</font></p>

























</td>
<td style="height: 16px; background-color: #cceeff; vertical-align: bottom; width: 1.10024%;" valign="bottom"><br></td>
<td style="height: 16px; background-color: #cceeff; vertical-align: bottom; width: 5.99022%;" valign="bottom">
<p style="margin: 0pt 3.65pt 0pt 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 7pt; font-weight: bold; line-height: inherit;">13,366,501</font></p>

























</td>



</tr>
<tr style="height: 16px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px; width: 7.57946%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 7pt; font-weight: bold; line-height: inherit;">Accumulated depreciation</font></p>

























</td>
<td style="height: 16px; text-align: right; vertical-align: bottom; width: 4.27873%;" valign="bottom">
<p style="margin: 0pt 3.15pt 0pt 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 7pt; line-height: inherit;">&nbsp;</font></p>

























</td>
<td style="height: 16px; text-align: right; vertical-align: bottom; width: 1.10024%;" valign="bottom"><br></td>
<td style="height: 16px; text-align: right; vertical-align: bottom; width: 5.74572%;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 7pt; line-height: inherit;">&nbsp;</font></p>

























</td>
<td style="height: 16px; vertical-align: bottom; width: 1.10024%;" valign="bottom"><br></td>
<td style="height: 16px; vertical-align: bottom; width: 8.06846%;" valign="bottom">
<p style="margin: 0pt 3.5pt 0pt 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 7pt; line-height: inherit;">&nbsp;</font></p>

























</td>
<td style="height: 16px; vertical-align: bottom; width: 1.10024%;" valign="bottom"><br></td>
<td style="height: 16px; vertical-align: bottom; width: 6.35697%;" valign="bottom">
<p style="margin: 0pt 2.75pt 0pt 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 7pt; line-height: inherit;">&nbsp;</font></p>

























</td>
<td style="height: 16px; vertical-align: bottom; width: 1.10024%;" valign="bottom"><br></td>
<td style="height: 16px; vertical-align: bottom; width: 7.70171%;" valign="bottom">
<p style="margin: 0pt 3.1pt 0pt 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 7pt; line-height: inherit;">&nbsp;</font></p>

























</td>
<td style="height: 16px; vertical-align: bottom; width: 1.10024%;" valign="bottom"><br></td>
<td style="height: 16px; vertical-align: bottom; width: 5.25672%;" valign="bottom">
<p style="margin: 0pt 3.75pt 0pt 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 7pt; line-height: inherit;">&nbsp;</font></p>

























</td>
<td style="height: 16px; vertical-align: bottom; width: 1.10024%;" valign="bottom"><br></td>
<td style="height: 16px; vertical-align: bottom; width: 5.13447%;" valign="bottom">
<p style="margin: 0pt 3.35pt 0pt 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 7pt; line-height: inherit;">&nbsp;</font></p>

























</td>
<td style="height: 16px; vertical-align: bottom; width: 1.10024%;" valign="bottom"><br></td>
<td style="height: 16px; vertical-align: bottom; width: 5.86797%;" valign="bottom">
<p style="margin: 0pt 2.65pt 0pt 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 7pt; line-height: inherit;">&nbsp;</font></p>

























</td>
<td style="height: 16px; vertical-align: bottom; width: 1.10024%;" valign="bottom"><br></td>
<td style="height: 16px; vertical-align: bottom; width: 6.23472%;" valign="bottom">
<p style="margin: 0pt 4.2pt 0pt 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 7pt; line-height: inherit;">&nbsp;</font></p>

























</td>
<td style="height: 16px; vertical-align: bottom; width: 1.10024%;" valign="bottom"><br></td>
<td style="height: 16px; vertical-align: bottom; width: 7.45721%;" valign="bottom">
<p style="margin: 0pt 3.4pt 0pt 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 7pt; line-height: inherit;">&nbsp;</font></p>

























</td>
<td style="height: 16px; vertical-align: bottom; width: 1.10024%;" valign="bottom"><br></td>
<td style="height: 16px; vertical-align: bottom; width: 5.74572%;" valign="bottom">
<p style="margin: 0pt 3.85pt 0pt 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 7pt; line-height: inherit;">&nbsp;</font></p>

























</td>
<td style="height: 16px; vertical-align: bottom; width: 1.10024%;" valign="bottom"><br></td>
<td style="height: 16px; vertical-align: bottom; width: 5.25672%;" valign="bottom">
<p style="margin: 0pt 3.25pt 0pt 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 7pt; line-height: inherit;">&nbsp;</font></p>

























</td>
<td style="height: 16px; vertical-align: bottom; width: 1.10024%;" valign="bottom"><br></td>
<td style="height: 16px; vertical-align: bottom; width: 5.99022%;" valign="bottom">
<p style="margin: 0pt 3.65pt 0pt 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 7pt; line-height: inherit;">&nbsp;</font></p>

























</td>



</tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px; background-color: #cceeff; width: 7.57946%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 7pt; font-weight: bold; line-height: inherit;">Balance as of 12/31/2023</font></p>

























</td>
<td style="height: 16px; text-align: right; background-color: #cceeff; vertical-align: bottom; width: 4.27873%;" valign="bottom">
<p style="margin: 0pt 3.15pt 0pt 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 7pt; font-weight: bold; line-height: inherit;">&#8208;</font></p>

























</td>
<td style="height: 16px; text-align: right; background-color: #cceeff; vertical-align: bottom; width: 1.10024%;" valign="bottom"><br></td>
<td style="height: 16px; text-align: right; background-color: #cceeff; vertical-align: bottom; width: 5.74572%;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 7pt; font-weight: bold; line-height: inherit;">(536,518)</font></p>

























</td>
<td style="height: 16px; background-color: #cceeff; vertical-align: bottom; width: 1.10024%;" valign="bottom"><br></td>
<td style="height: 16px; background-color: #cceeff; vertical-align: bottom; width: 8.06846%;" valign="bottom">
<p style="margin: 0pt 3.5pt 0pt 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 7pt; font-weight: bold; line-height: inherit;">(683,187)</font></p>

























</td>
<td style="height: 16px; background-color: #cceeff; vertical-align: bottom; width: 1.10024%;" valign="bottom"><br></td>
<td style="height: 16px; background-color: #cceeff; vertical-align: bottom; width: 6.35697%;" valign="bottom">
<p style="margin: 0pt 2.75pt 0pt 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 7pt; font-weight: bold; line-height: inherit;">(2,147,842)</font></p>

























</td>
<td style="height: 16px; background-color: #cceeff; vertical-align: bottom; width: 1.10024%;" valign="bottom"><br></td>
<td style="height: 16px; background-color: #cceeff; vertical-align: bottom; width: 7.70171%;" valign="bottom">
<p style="margin: 0pt 3.1pt 0pt 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 7pt; font-weight: bold; line-height: inherit;">(2,238,843)</font></p>

























</td>
<td style="height: 16px; background-color: #cceeff; vertical-align: bottom; width: 1.10024%;" valign="bottom"><br></td>
<td style="height: 16px; background-color: #cceeff; vertical-align: bottom; width: 5.25672%;" valign="bottom">
<p style="margin: 0pt 3.75pt 0pt 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 7pt; font-weight: bold; line-height: inherit;">(605,298)</font></p>

























</td>
<td style="height: 16px; background-color: #cceeff; vertical-align: bottom; width: 1.10024%;" valign="bottom"><br></td>
<td style="height: 16px; background-color: #cceeff; vertical-align: bottom; width: 5.13447%;" valign="bottom">
<p style="margin: 0pt 3.35pt 0pt 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 7pt; font-weight: bold; line-height: inherit;">(181,511)</font></p>

























</td>
<td style="height: 16px; background-color: #cceeff; vertical-align: bottom; width: 1.10024%;" valign="bottom"><br></td>
<td style="height: 16px; background-color: #cceeff; vertical-align: bottom; width: 5.86797%;" valign="bottom">
<p style="margin: 0pt 2.65pt 0pt 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 7pt; font-weight: bold; line-height: inherit;">(130,117)</font></p>

























</td>
<td style="height: 16px; background-color: #cceeff; vertical-align: bottom; width: 1.10024%;" valign="bottom"><br></td>
<td style="height: 16px; background-color: #cceeff; vertical-align: bottom; width: 6.23472%;" valign="bottom">
<p style="margin: 0pt 4.2pt 0pt 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 7pt; font-weight: bold; line-height: inherit;">(254,952)</font></p>

























</td>
<td style="height: 16px; background-color: #cceeff; vertical-align: bottom; width: 1.10024%;" valign="bottom"><br></td>
<td style="height: 16px; background-color: #cceeff; vertical-align: bottom; width: 7.45721%;" valign="bottom">
<p style="margin: 0pt 3.4pt 0pt 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 7pt; font-weight: bold; line-height: inherit;">&#8208;</font></p>

























</td>
<td style="height: 16px; background-color: #cceeff; vertical-align: bottom; width: 1.10024%;" valign="bottom"><br></td>
<td style="height: 16px; background-color: #cceeff; vertical-align: bottom; width: 5.74572%;" valign="bottom">
<p style="margin: 0pt 3.85pt 0pt 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 7pt; font-weight: bold; line-height: inherit;">&#8208;</font></p>

























</td>
<td style="height: 16px; background-color: #cceeff; vertical-align: bottom; width: 1.10024%;" valign="bottom"><br></td>
<td style="height: 16px; background-color: #cceeff; vertical-align: bottom; width: 5.25672%;" valign="bottom">
<p style="margin: 0pt 3.25pt 0pt 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 7pt; font-weight: bold; line-height: inherit;">&#8208;</font></p>

























</td>
<td style="height: 16px; background-color: #cceeff; vertical-align: bottom; width: 1.10024%;" valign="bottom"><br></td>
<td style="height: 16px; background-color: #cceeff; vertical-align: bottom; width: 5.99022%;" valign="bottom">
<p style="margin: 0pt 3.65pt 0pt 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 7pt; font-weight: bold; line-height: inherit;">(6,778,268)</font></p>

























</td>



</tr>
<tr style="height: 16px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px; width: 7.57946%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 7pt; line-height: inherit;">Additions</font></p>

























</td>
<td style="height: 16px; text-align: right; vertical-align: bottom; width: 4.27873%;" valign="bottom">
<p style="margin: 0pt 3.15pt 0pt 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 7pt; line-height: inherit;">&#8208;</font></p>

























</td>
<td style="height: 16px; text-align: right; vertical-align: bottom; width: 1.10024%;" valign="bottom"><br></td>
<td style="height: 16px; text-align: right; vertical-align: bottom; width: 5.74572%;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 7pt; line-height: inherit;">&#8208;</font></p>

























</td>
<td style="height: 16px; vertical-align: bottom; width: 1.10024%;" valign="bottom"><br></td>
<td style="height: 16px; vertical-align: bottom; width: 8.06846%;" valign="bottom">
<p style="margin: 0pt 3.5pt 0pt 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 7pt; line-height: inherit;">&#8208;</font></p>

























</td>
<td style="height: 16px; vertical-align: bottom; width: 1.10024%;" valign="bottom"><br></td>
<td style="height: 16px; vertical-align: bottom; width: 6.35697%;" valign="bottom">
<p style="margin: 0pt 2.75pt 0pt 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 7pt; line-height: inherit;">&#8208;</font></p>

























</td>
<td style="height: 16px; vertical-align: bottom; width: 1.10024%;" valign="bottom"><br></td>
<td style="height: 16px; vertical-align: bottom; width: 7.70171%;" valign="bottom">
<p style="margin: 0pt 3.1pt 0pt 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 7pt; line-height: inherit;">&#8208;</font></p>

























</td>
<td style="height: 16px; vertical-align: bottom; width: 1.10024%;" valign="bottom"><br></td>
<td style="height: 16px; vertical-align: bottom; width: 5.25672%;" valign="bottom">
<p style="margin: 0pt 3.75pt 0pt 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 7pt; line-height: inherit;">&#8208;</font></p>

























</td>
<td style="height: 16px; vertical-align: bottom; width: 1.10024%;" valign="bottom"><br></td>
<td style="height: 16px; vertical-align: bottom; width: 5.13447%;" valign="bottom">
<p style="margin: 0pt 3.35pt 0pt 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 7pt; line-height: inherit;">&#8208;</font></p>

























</td>
<td style="height: 16px; vertical-align: bottom; width: 1.10024%;" valign="bottom"><br></td>
<td style="height: 16px; vertical-align: bottom; width: 5.86797%;" valign="bottom">
<p style="margin: 0pt 2.65pt 0pt 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 7pt; line-height: inherit;">&#8208;</font></p>

























</td>
<td style="height: 16px; vertical-align: bottom; width: 1.10024%;" valign="bottom"><br></td>
<td style="height: 16px; vertical-align: bottom; width: 6.23472%;" valign="bottom">
<p style="margin: 0pt 4.2pt 0pt 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 7pt; line-height: inherit;">&#8208;</font></p>

























</td>
<td style="height: 16px; vertical-align: bottom; width: 1.10024%;" valign="bottom"><br></td>
<td style="height: 16px; vertical-align: bottom; width: 7.45721%;" valign="bottom">
<p style="margin: 0pt 3.4pt 0pt 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 7pt; line-height: inherit;">&#8208;</font></p>

























</td>
<td style="height: 16px; vertical-align: bottom; width: 1.10024%;" valign="bottom"><br></td>
<td style="height: 16px; vertical-align: bottom; width: 5.74572%;" valign="bottom">
<p style="margin: 0pt 3.85pt 0pt 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 7pt; line-height: inherit;">&#8208;</font></p>

























</td>
<td style="height: 16px; vertical-align: bottom; width: 1.10024%;" valign="bottom"><br></td>
<td style="height: 16px; vertical-align: bottom; width: 5.25672%;" valign="bottom">
<p style="margin: 0pt 3.25pt 0pt 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 7pt; line-height: inherit;">&#8208;</font></p>

























</td>
<td style="height: 16px; vertical-align: bottom; width: 1.10024%;" valign="bottom"><br></td>
<td style="height: 16px; vertical-align: bottom; width: 5.99022%;" valign="bottom">
<p style="margin: 0pt 3.65pt 0pt 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 7pt; line-height: inherit;">&#8208;</font></p>

























</td>



</tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px; background-color: #cceeff; width: 7.57946%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 7pt; line-height: inherit;">Depreciation</font></p>

























</td>
<td style="height: 16px; text-align: right; background-color: #cceeff; vertical-align: bottom; width: 4.27873%;" valign="bottom">
<p style="margin: 0pt 3.15pt 0pt 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 7pt; line-height: inherit;">&#8208;</font></p>

























</td>
<td style="height: 16px; text-align: right; background-color: #cceeff; vertical-align: bottom; width: 1.10024%;" valign="bottom"><br></td>
<td style="height: 16px; background-color: #cceeff; vertical-align: bottom; width: 5.74572%;" valign="bottom">
<p style="margin: 0pt; break-after: avoid; break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 7pt; line-height: inherit;">(12,178)</font></p>

























</td>
<td style="height: 16px; background-color: #cceeff; vertical-align: bottom; width: 1.10024%;" valign="bottom"><br></td>
<td style="height: 16px; background-color: #cceeff; vertical-align: bottom; width: 8.06846%;" valign="bottom">
<p style="margin: 0pt 3.5pt 0pt 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 7pt; line-height: inherit;">(18,478)</font></p>

























</td>
<td style="height: 16px; background-color: #cceeff; vertical-align: bottom; width: 1.10024%;" valign="bottom"><br></td>
<td style="height: 16px; background-color: #cceeff; vertical-align: bottom; width: 6.35697%;" valign="bottom">
<p style="margin: 0pt 2.75pt 0pt 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 7pt; line-height: inherit;">(51,747)</font></p>

























</td>
<td style="height: 16px; background-color: #cceeff; vertical-align: bottom; width: 1.10024%;" valign="bottom"><br></td>
<td style="height: 16px; background-color: #cceeff; vertical-align: bottom; width: 7.70171%;" valign="bottom">
<p style="margin: 0pt 3.1pt 0pt 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 7pt; line-height: inherit;">(31,773)</font></p>

























</td>
<td style="height: 16px; background-color: #cceeff; vertical-align: bottom; width: 1.10024%;" valign="bottom"><br></td>
<td style="height: 16px; background-color: #cceeff; vertical-align: bottom; width: 5.25672%;" valign="bottom">
<p style="margin: 0pt 3.75pt 0pt 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 7pt; line-height: inherit;">(22,470)</font></p>

























</td>
<td style="height: 16px; background-color: #cceeff; vertical-align: bottom; width: 1.10024%;" valign="bottom"><br></td>
<td style="height: 16px; background-color: #cceeff; vertical-align: bottom; width: 5.13447%;" valign="bottom">
<p style="margin: 0pt 3.35pt 0pt 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 7pt; line-height: inherit;">(7,725)</font></p>

























</td>
<td style="height: 16px; background-color: #cceeff; vertical-align: bottom; width: 1.10024%;" valign="bottom"><br></td>
<td style="height: 16px; background-color: #cceeff; vertical-align: bottom; width: 5.86797%;" valign="bottom">
<p style="margin: 0pt 2.65pt 0pt 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 7pt; line-height: inherit;">(3,660)</font></p>

























</td>
<td style="height: 16px; background-color: #cceeff; vertical-align: bottom; width: 1.10024%;" valign="bottom"><br></td>
<td style="height: 16px; background-color: #cceeff; vertical-align: bottom; width: 6.23472%;" valign="bottom">
<p style="margin: 0pt 4.2pt 0pt 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 7pt; line-height: inherit;">(5,741)</font></p>

























</td>
<td style="height: 16px; background-color: #cceeff; vertical-align: bottom; width: 1.10024%;" valign="bottom"><br></td>
<td style="height: 16px; background-color: #cceeff; vertical-align: bottom; width: 7.45721%;" valign="bottom">
<p style="margin: 0pt 3.4pt 0pt 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 7pt; line-height: inherit;">&#8208;</font></p>

























</td>
<td style="height: 16px; background-color: #cceeff; vertical-align: bottom; width: 1.10024%;" valign="bottom"><br></td>
<td style="height: 16px; background-color: #cceeff; vertical-align: bottom; width: 5.74572%;" valign="bottom">
<p style="margin: 0pt 3.85pt 0pt 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 7pt; line-height: inherit;">&#8208;</font></p>

























</td>
<td style="height: 16px; background-color: #cceeff; vertical-align: bottom; width: 1.10024%;" valign="bottom"><br></td>
<td style="height: 16px; background-color: #cceeff; vertical-align: bottom; width: 5.25672%;" valign="bottom">
<p style="margin: 0pt 3.25pt 0pt 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 7pt; line-height: inherit;">&#8208;</font></p>

























</td>
<td style="height: 16px; background-color: #cceeff; vertical-align: bottom; width: 1.10024%;" valign="bottom"><br></td>
<td style="height: 16px; background-color: #cceeff; vertical-align: bottom; width: 5.99022%;" valign="bottom">
<p style="margin: 0pt 3.65pt 0pt 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 7pt; line-height: inherit;">(153,772)</font></p>

























</td>



</tr>
<tr style="height: 16px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px; width: 7.57946%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 7pt; line-height: inherit;">Transfers <sup>(i)</sup></font></p>

























</td>
<td style="height: 16px; text-align: right; vertical-align: bottom; width: 4.27873%;" valign="bottom">
<p style="margin: 0pt 3.15pt 0pt 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 7pt; line-height: inherit;">&#8208;</font></p>

























</td>
<td style="height: 16px; text-align: right; vertical-align: bottom; width: 1.10024%;" valign="bottom"><br></td>
<td style="height: 16px; text-align: right; vertical-align: bottom; width: 5.74572%;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 7pt; line-height: inherit;">4</font></p>

























</td>
<td style="height: 16px; vertical-align: bottom; width: 1.10024%;" valign="bottom"><br></td>
<td style="height: 16px; vertical-align: bottom; width: 8.06846%;" valign="bottom">
<p style="margin: 0pt 3.5pt 0pt 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 7pt; line-height: inherit;">1,620</font></p>

























</td>
<td style="height: 16px; vertical-align: bottom; width: 1.10024%;" valign="bottom"><br></td>
<td style="height: 16px; vertical-align: bottom; width: 6.35697%;" valign="bottom">
<p style="margin: 0pt 2.75pt 0pt 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 7pt; line-height: inherit;">3</font></p>

























</td>
<td style="height: 16px; vertical-align: bottom; width: 1.10024%;" valign="bottom"><br></td>
<td style="height: 16px; vertical-align: bottom; width: 7.70171%;" valign="bottom">
<p style="margin: 0pt 3.1pt 0pt 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 7pt; line-height: inherit;">(2,351)</font></p>

























</td>
<td style="height: 16px; vertical-align: bottom; width: 1.10024%;" valign="bottom"><br></td>
<td style="height: 16px; vertical-align: bottom; width: 5.25672%;" valign="bottom">
<p style="margin: 0pt 3.75pt 0pt 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 7pt; line-height: inherit;">&#8208;</font></p>

























</td>
<td style="height: 16px; vertical-align: bottom; width: 1.10024%;" valign="bottom"><br></td>
<td style="height: 16px; vertical-align: bottom; width: 5.13447%;" valign="bottom">
<p style="margin: 0pt 3.35pt 0pt 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 7pt; line-height: inherit;">(136)</font></p>

























</td>
<td style="height: 16px; vertical-align: bottom; width: 1.10024%;" valign="bottom"><br></td>
<td style="height: 16px; vertical-align: bottom; width: 5.86797%;" valign="bottom">
<p style="margin: 0pt 2.65pt 0pt 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 7pt; line-height: inherit;">13</font></p>

























</td>
<td style="height: 16px; vertical-align: bottom; width: 1.10024%;" valign="bottom"><br></td>
<td style="height: 16px; vertical-align: bottom; width: 6.23472%;" valign="bottom">
<p style="margin: 0pt 4.2pt 0pt 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 7pt; line-height: inherit;">6,326</font></p>

























</td>
<td style="height: 16px; vertical-align: bottom; width: 1.10024%;" valign="bottom"><br></td>
<td style="height: 16px; vertical-align: bottom; width: 7.45721%;" valign="bottom">
<p style="margin: 0pt 3.4pt 0pt 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 7pt; line-height: inherit;">&#8208;</font></p>

























</td>
<td style="height: 16px; vertical-align: bottom; width: 1.10024%;" valign="bottom"><br></td>
<td style="height: 16px; vertical-align: bottom; width: 5.74572%;" valign="bottom">
<p style="margin: 0pt 3.85pt 0pt 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 7pt; line-height: inherit;">&#8208;</font></p>

























</td>
<td style="height: 16px; vertical-align: bottom; width: 1.10024%;" valign="bottom"><br></td>
<td style="height: 16px; vertical-align: bottom; width: 5.25672%;" valign="bottom">
<p style="margin: 0pt 3.25pt 0pt 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 7pt; line-height: inherit;">&#8208;</font></p>

























</td>
<td style="height: 16px; vertical-align: bottom; width: 1.10024%;" valign="bottom"><br></td>
<td style="height: 16px; vertical-align: bottom; width: 5.99022%;" valign="bottom">
<p style="margin: 0pt 3.65pt 0pt 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 7pt; line-height: inherit;">5,479</font></p>

























</td>



</tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px; background-color: #cceeff; width: 7.57946%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 7pt; line-height: inherit;">Write-offs</font></p>

























</td>
<td style="height: 16px; text-align: right; background-color: #cceeff; vertical-align: bottom; width: 4.27873%;" valign="bottom">
<p style="margin: 0pt 3.15pt 0pt 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 7pt; line-height: inherit;">&#8208;</font></p>

























</td>
<td style="height: 16px; text-align: right; background-color: #cceeff; vertical-align: bottom; width: 1.10024%;" valign="bottom"><br></td>
<td style="height: 16px; text-align: right; background-color: #cceeff; vertical-align: bottom; width: 5.74572%;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 7pt; line-height: inherit;">1,179</font></p>

























</td>
<td style="height: 16px; background-color: #cceeff; vertical-align: bottom; width: 1.10024%;" valign="bottom"><br></td>
<td style="height: 16px; background-color: #cceeff; vertical-align: bottom; width: 8.06846%;" valign="bottom">
<p style="margin: 0pt 3.5pt 0pt 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 7pt; line-height: inherit;">2,250</font></p>

























</td>
<td style="height: 16px; background-color: #cceeff; vertical-align: bottom; width: 1.10024%;" valign="bottom"><br></td>
<td style="height: 16px; background-color: #cceeff; vertical-align: bottom; width: 6.35697%;" valign="bottom">
<p style="margin: 0pt 2.75pt 0pt 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 7pt; line-height: inherit;">852</font></p>

























</td>
<td style="height: 16px; background-color: #cceeff; vertical-align: bottom; width: 1.10024%;" valign="bottom"><br></td>
<td style="height: 16px; background-color: #cceeff; vertical-align: bottom; width: 7.70171%;" valign="bottom">
<p style="margin: 0pt 3.1pt 0pt 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 7pt; line-height: inherit;">44,536</font></p>

























</td>
<td style="height: 16px; background-color: #cceeff; vertical-align: bottom; width: 1.10024%;" valign="bottom"><br></td>
<td style="height: 16px; background-color: #cceeff; vertical-align: bottom; width: 5.25672%;" valign="bottom">
<p style="margin: 0pt 3.75pt 0pt 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 7pt; line-height: inherit;">2,997</font></p>

























</td>
<td style="height: 16px; background-color: #cceeff; vertical-align: bottom; width: 1.10024%;" valign="bottom"><br></td>
<td style="height: 16px; background-color: #cceeff; vertical-align: bottom; width: 5.13447%;" valign="bottom">
<p style="margin: 0pt 3.35pt 0pt 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 7pt; line-height: inherit;">3,654</font></p>

























</td>
<td style="height: 16px; background-color: #cceeff; vertical-align: bottom; width: 1.10024%;" valign="bottom"><br></td>
<td style="height: 16px; background-color: #cceeff; vertical-align: bottom; width: 5.86797%;" valign="bottom">
<p style="margin: 0pt 2.65pt 0pt 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 7pt; line-height: inherit;">130</font></p>

























</td>
<td style="height: 16px; background-color: #cceeff; vertical-align: bottom; width: 1.10024%;" valign="bottom"><br></td>
<td style="height: 16px; background-color: #cceeff; vertical-align: bottom; width: 6.23472%;" valign="bottom">
<p style="margin: 0pt 4.2pt 0pt 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 7pt; line-height: inherit;">592</font></p>

























</td>
<td style="height: 16px; background-color: #cceeff; vertical-align: bottom; width: 1.10024%;" valign="bottom"><br></td>
<td style="height: 16px; background-color: #cceeff; vertical-align: bottom; width: 7.45721%;" valign="bottom">
<p style="margin: 0pt 3.4pt 0pt 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 7pt; line-height: inherit;">&#8208;</font></p>

























</td>
<td style="height: 16px; background-color: #cceeff; vertical-align: bottom; width: 1.10024%;" valign="bottom"><br></td>
<td style="height: 16px; background-color: #cceeff; vertical-align: bottom; width: 5.74572%;" valign="bottom">
<p style="margin: 0pt 3.85pt 0pt 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 7pt; line-height: inherit;">&#8208;</font></p>

























</td>
<td style="height: 16px; background-color: #cceeff; vertical-align: bottom; width: 1.10024%;" valign="bottom"><br></td>
<td style="height: 16px; background-color: #cceeff; vertical-align: bottom; width: 5.25672%;" valign="bottom">
<p style="margin: 0pt 3.25pt 0pt 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 7pt; line-height: inherit;">&#8208;</font></p>

























</td>
<td style="height: 16px; background-color: #cceeff; vertical-align: bottom; width: 1.10024%;" valign="bottom"><br></td>
<td style="height: 16px; background-color: #cceeff; vertical-align: bottom; width: 5.99022%;" valign="bottom">
<p style="margin: 0pt 3.65pt 0pt 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 7pt; line-height: inherit;">56,190</font></p>

























</td>



</tr>
<tr style="height: 16px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px; width: 7.57946%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 7pt; font-weight: bold; line-height: inherit;">Balance as of 03/31/2024</font></p>

























</td>
<td style="height: 16px; text-align: right; vertical-align: bottom; width: 4.27873%;" valign="bottom">
<p style="margin: 0pt 3.15pt 0pt 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 7pt; font-weight: bold; line-height: inherit;">&#8208;</font></p>

























</td>
<td style="height: 16px; text-align: right; vertical-align: bottom; width: 1.10024%;" valign="bottom"><br></td>
<td style="height: 16px; text-align: right; vertical-align: bottom; width: 5.74572%;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 7pt; font-weight: bold; line-height: inherit;">(547,513)</font></p>

























</td>
<td style="height: 16px; vertical-align: bottom; width: 1.10024%;" valign="bottom"><br></td>
<td style="height: 16px; vertical-align: bottom; width: 8.06846%;" valign="bottom">
<p style="margin: 0pt 3.5pt 0pt 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 7pt; font-weight: bold; line-height: inherit;">(697,795)</font></p>

























</td>
<td style="height: 16px; vertical-align: bottom; width: 1.10024%;" valign="bottom"><br></td>
<td style="height: 16px; vertical-align: bottom; width: 6.35697%;" valign="bottom">
<p style="margin: 0pt 2.75pt 0pt 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 7pt; font-weight: bold; line-height: inherit;">(2,198,734)</font></p>

























</td>
<td style="height: 16px; vertical-align: bottom; width: 1.10024%;" valign="bottom"><br></td>
<td style="height: 16px; vertical-align: bottom; width: 7.70171%;" valign="bottom">
<p style="margin: 0pt 3.1pt 0pt 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 7pt; font-weight: bold; line-height: inherit;">(2,228,431)</font></p>

























</td>
<td style="height: 16px; vertical-align: bottom; width: 1.10024%;" valign="bottom"><br></td>
<td style="height: 16px; vertical-align: bottom; width: 5.25672%;" valign="bottom">
<p style="margin: 0pt 3.75pt 0pt 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 7pt; font-weight: bold; line-height: inherit;">(624,771)</font></p>

























</td>
<td style="height: 16px; vertical-align: bottom; width: 1.10024%;" valign="bottom"><br></td>
<td style="height: 16px; vertical-align: bottom; width: 5.13447%;" valign="bottom">
<p style="margin: 0pt 3.35pt 0pt 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 7pt; font-weight: bold; line-height: inherit;">(185,718)</font></p>

























</td>
<td style="height: 16px; vertical-align: bottom; width: 1.10024%;" valign="bottom"><br></td>
<td style="height: 16px; vertical-align: bottom; width: 5.86797%;" valign="bottom">
<p style="margin: 0pt 2.65pt 0pt 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 7pt; font-weight: bold; line-height: inherit;">(133,634)</font></p>

























</td>
<td style="height: 16px; vertical-align: bottom; width: 1.10024%;" valign="bottom"><br></td>
<td style="height: 16px; vertical-align: bottom; width: 6.23472%;" valign="bottom">
<p style="margin: 0pt 4.2pt 0pt 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 7pt; font-weight: bold; line-height: inherit;">(253,775)</font></p>

























</td>
<td style="height: 16px; vertical-align: bottom; width: 1.10024%;" valign="bottom"><br></td>
<td style="height: 16px; vertical-align: bottom; width: 7.45721%;" valign="bottom">
<p style="margin: 0pt 3.4pt 0pt 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 7pt; font-weight: bold; line-height: inherit;">&#8208;</font></p>

























</td>
<td style="height: 16px; vertical-align: bottom; width: 1.10024%;" valign="bottom"><br></td>
<td style="height: 16px; vertical-align: bottom; width: 5.74572%;" valign="bottom">
<p style="margin: 0pt 3.85pt 0pt 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 7pt; font-weight: bold; line-height: inherit;">&#8208;</font></p>

























</td>
<td style="height: 16px; vertical-align: bottom; width: 1.10024%;" valign="bottom"><br></td>
<td style="height: 16px; vertical-align: bottom; width: 5.25672%;" valign="bottom">
<p style="margin: 0pt 3.25pt 0pt 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 7pt; font-weight: bold; line-height: inherit;">&#8208;</font></p>

























</td>
<td style="height: 16px; vertical-align: bottom; width: 1.10024%;" valign="bottom"><br></td>
<td style="height: 16px; vertical-align: bottom; width: 5.99022%;" valign="bottom">
<p style="margin: 0pt 3.65pt 0pt 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 7pt; font-weight: bold; line-height: inherit;">(6,870,371)</font></p>

























</td>



</tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px; background-color: #cceeff; width: 7.57946%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 7pt; font-weight: bold; line-height: inherit;">Provision for losses</font></p>

























</td>
<td style="padding-left: 3pt; padding-right: 3pt; text-align: right; height: 16px; background-color: #cceeff; vertical-align: bottom; width: 4.27873%;" valign="bottom"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; text-align: right; height: 16px; background-color: #cceeff; vertical-align: bottom; width: 1.10024%;" valign="bottom"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; text-align: right; height: 16px; background-color: #cceeff; vertical-align: bottom; width: 5.74572%;" valign="bottom"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; background-color: #cceeff; vertical-align: bottom; width: 1.10024%;" valign="bottom"><br></td>
<td style="height: 16px; background-color: #cceeff; vertical-align: bottom; width: 8.06846%;" valign="bottom">
<p style="margin: 0pt 3.5pt 0pt 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 7pt; line-height: inherit;">&nbsp;</font></p>

























</td>
<td style="height: 16px; background-color: #cceeff; vertical-align: bottom; width: 1.10024%;" valign="bottom"><br></td>
<td style="height: 16px; background-color: #cceeff; vertical-align: bottom; width: 6.35697%;" valign="bottom">
<p style="margin: 0pt 2.75pt 0pt 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 7pt; line-height: inherit;">&nbsp;</font></p>

























</td>
<td style="height: 16px; background-color: #cceeff; vertical-align: bottom; width: 1.10024%;" valign="bottom"><br></td>
<td style="height: 16px; background-color: #cceeff; vertical-align: bottom; width: 7.70171%;" valign="bottom">
<p style="margin: 0pt 3.1pt 0pt 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 7pt; line-height: inherit;">&nbsp;</font></p>

























</td>
<td style="height: 16px; background-color: #cceeff; vertical-align: bottom; width: 1.10024%;" valign="bottom"><br></td>
<td style="height: 16px; background-color: #cceeff; vertical-align: bottom; width: 5.25672%;" valign="bottom">
<p style="margin: 0pt 3.75pt 0pt 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 7pt; line-height: inherit;">&nbsp;</font></p>

























</td>
<td style="height: 16px; background-color: #cceeff; vertical-align: bottom; width: 1.10024%;" valign="bottom"><br></td>
<td style="height: 16px; background-color: #cceeff; vertical-align: bottom; width: 5.13447%;" valign="bottom">
<p style="margin: 0pt 3.35pt 0pt 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 7pt; line-height: inherit;">&nbsp;</font></p>

























</td>
<td style="height: 16px; background-color: #cceeff; vertical-align: bottom; width: 1.10024%;" valign="bottom"><br></td>
<td style="height: 16px; background-color: #cceeff; vertical-align: bottom; width: 5.86797%;" valign="bottom">
<p style="margin: 0pt 2.65pt 0pt 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 7pt; line-height: inherit;">&nbsp;</font></p>

























</td>
<td style="height: 16px; background-color: #cceeff; vertical-align: bottom; width: 1.10024%;" valign="bottom"><br></td>
<td style="height: 16px; background-color: #cceeff; vertical-align: bottom; width: 6.23472%;" valign="bottom">
<p style="margin: 0pt 4.2pt 0pt 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 7pt; line-height: inherit;">&nbsp;</font></p>

























</td>
<td style="height: 16px; background-color: #cceeff; vertical-align: bottom; width: 1.10024%;" valign="bottom"><br></td>
<td style="height: 16px; background-color: #cceeff; vertical-align: bottom; width: 7.45721%;" valign="bottom">
<p style="margin: 0pt 3.4pt 0pt 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 7pt; line-height: inherit;">&nbsp;</font></p>

























</td>
<td style="height: 16px; background-color: #cceeff; vertical-align: bottom; width: 1.10024%;" valign="bottom"><br></td>
<td style="height: 16px; background-color: #cceeff; vertical-align: bottom; width: 5.74572%;" valign="bottom">
<p style="margin: 0pt 3.85pt 0pt 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 7pt; line-height: inherit;">&nbsp;</font></p>

























</td>
<td style="height: 16px; background-color: #cceeff; vertical-align: bottom; width: 1.10024%;" valign="bottom"><br></td>
<td style="height: 16px; background-color: #cceeff; vertical-align: bottom; width: 5.25672%;" valign="bottom">
<p style="margin: 0pt 3.25pt 0pt 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 7pt; line-height: inherit;">&nbsp;</font></p>

























</td>
<td style="height: 16px; background-color: #cceeff; vertical-align: bottom; width: 1.10024%;" valign="bottom"><br></td>
<td style="height: 16px; background-color: #cceeff; vertical-align: bottom; width: 5.99022%;" valign="bottom">
<p style="margin: 0pt 3.65pt 0pt 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 7pt; line-height: inherit;">&nbsp;</font></p>

























</td>



</tr>
<tr style="height: 16px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px; width: 7.57946%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 7pt; font-weight: bold; line-height: inherit;">Balance as of 12/31/2023</font></p>

























</td>
<td style="height: 16px; text-align: right; vertical-align: bottom; width: 4.27873%;" valign="bottom">
<p style="margin: 0pt 3.15pt 0pt 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 7pt; font-weight: bold; line-height: inherit;">(146)</font></p>

























</td>
<td style="height: 16px; text-align: right; vertical-align: bottom; width: 1.10024%;" valign="bottom"><br></td>
<td style="height: 16px; text-align: right; vertical-align: bottom; width: 5.74572%;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 7pt; font-weight: bold; line-height: inherit;">(17)</font></p>

























</td>
<td style="height: 16px; vertical-align: bottom; width: 1.10024%;" valign="bottom"><br></td>
<td style="height: 16px; vertical-align: bottom; width: 8.06846%;" valign="bottom">
<p style="margin: 0pt 3.5pt 0pt 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 7pt; font-weight: bold; line-height: inherit;">(11)</font></p>

























</td>
<td style="height: 16px; vertical-align: bottom; width: 1.10024%;" valign="bottom"><br></td>
<td style="height: 16px; vertical-align: bottom; width: 6.35697%;" valign="bottom">
<p style="margin: 0pt 2.75pt 0pt 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 7pt; font-weight: bold; line-height: inherit;">(1,295)</font></p>

























</td>
<td style="height: 16px; vertical-align: bottom; width: 1.10024%;" valign="bottom"><br></td>
<td style="height: 16px; vertical-align: bottom; width: 7.70171%;" valign="bottom">
<p style="margin: 0pt 3.1pt 0pt 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 7pt; font-weight: bold; line-height: inherit;">(2)</font></p>

























</td>
<td style="height: 16px; vertical-align: bottom; width: 1.10024%;" valign="bottom"><br></td>
<td style="height: 16px; vertical-align: bottom; width: 5.25672%;" valign="bottom">
<p style="margin: 0pt 3.75pt 0pt 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 7pt; font-weight: bold; line-height: inherit;">&#8208;</font></p>

























</td>
<td style="height: 16px; vertical-align: bottom; width: 1.10024%;" valign="bottom"><br></td>
<td style="height: 16px; vertical-align: bottom; width: 5.13447%;" valign="bottom">
<p style="margin: 0pt 3.35pt 0pt 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 7pt; font-weight: bold; line-height: inherit;">&#8208;</font></p>

























</td>
<td style="height: 16px; vertical-align: bottom; width: 1.10024%;" valign="bottom"><br></td>
<td style="height: 16px; vertical-align: bottom; width: 5.86797%;" valign="bottom">
<p style="margin: 0pt 2.65pt 0pt 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 7pt; font-weight: bold; line-height: inherit;">&#8208;</font></p>

























</td>
<td style="height: 16px; vertical-align: bottom; width: 1.10024%;" valign="bottom"><br></td>
<td style="height: 16px; vertical-align: bottom; width: 6.23472%;" valign="bottom">
<p style="margin: 0pt 4.2pt 0pt 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 7pt; font-weight: bold; line-height: inherit;">&#8208;</font></p>

























</td>
<td style="height: 16px; vertical-align: bottom; width: 1.10024%;" valign="bottom"><br></td>
<td style="height: 16px; vertical-align: bottom; width: 7.45721%;" valign="bottom">
<p style="margin: 0pt 3.4pt 0pt 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 7pt; font-weight: bold; line-height: inherit;">&#8208;</font></p>

























</td>
<td style="height: 16px; vertical-align: bottom; width: 1.10024%;" valign="bottom"><br></td>
<td style="height: 16px; vertical-align: bottom; width: 5.74572%;" valign="bottom">
<p style="margin: 0pt 3.85pt 0pt 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 7pt; font-weight: bold; line-height: inherit;">&#8208;</font></p>

























</td>
<td style="height: 16px; vertical-align: bottom; width: 1.10024%;" valign="bottom"><br></td>
<td style="height: 16px; vertical-align: bottom; width: 5.25672%;" valign="bottom">
<p style="margin: 0pt 3.25pt 0pt 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 7pt; font-weight: bold; line-height: inherit;">&#8208;</font></p>

























</td>
<td style="height: 16px; vertical-align: bottom; width: 1.10024%;" valign="bottom"><br></td>
<td style="height: 16px; vertical-align: bottom; width: 5.99022%;" valign="bottom">
<p style="margin: 0pt 3.65pt 0pt 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 7pt; font-weight: bold; line-height: inherit;">(1,471)</font></p>

























</td>



</tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px; background-color: #cceeff; width: 7.57946%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 7pt; line-height: inherit;">Additions</font></p>

























</td>
<td style="height: 16px; text-align: right; background-color: #cceeff; vertical-align: bottom; width: 4.27873%;" valign="bottom">
<p style="margin: 0pt 3.15pt 0pt 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 7pt; line-height: inherit;">&#8208;</font></p>

























</td>
<td style="height: 16px; text-align: right; background-color: #cceeff; vertical-align: bottom; width: 1.10024%;" valign="bottom"><br></td>
<td style="height: 16px; text-align: right; background-color: #cceeff; vertical-align: bottom; width: 5.74572%;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 7pt; line-height: inherit;">&#8208;</font></p>

























</td>
<td style="height: 16px; background-color: #cceeff; vertical-align: bottom; width: 1.10024%;" valign="bottom"><br></td>
<td style="height: 16px; background-color: #cceeff; vertical-align: bottom; width: 8.06846%;" valign="bottom">
<p style="margin: 0pt 3.5pt 0pt 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 7pt; line-height: inherit;">&#8208;</font></p>

























</td>
<td style="height: 16px; background-color: #cceeff; vertical-align: bottom; width: 1.10024%;" valign="bottom"><br></td>
<td style="height: 16px; background-color: #cceeff; vertical-align: bottom; width: 6.35697%;" valign="bottom">
<p style="margin: 0pt 2.75pt 0pt 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 7pt; line-height: inherit;">&#8208;</font></p>

























</td>
<td style="height: 16px; background-color: #cceeff; vertical-align: bottom; width: 1.10024%;" valign="bottom"><br></td>
<td style="height: 16px; background-color: #cceeff; vertical-align: bottom; width: 7.70171%;" valign="bottom">
<p style="margin: 0pt 3.1pt 0pt 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 7pt; line-height: inherit;">&#8208;</font></p>

























</td>
<td style="height: 16px; background-color: #cceeff; vertical-align: bottom; width: 1.10024%;" valign="bottom"><br></td>
<td style="height: 16px; background-color: #cceeff; vertical-align: bottom; width: 5.25672%;" valign="bottom">
<p style="margin: 0pt 3.75pt 0pt 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 7pt; line-height: inherit;">&#8208;</font></p>

























</td>
<td style="height: 16px; background-color: #cceeff; vertical-align: bottom; width: 1.10024%;" valign="bottom"><br></td>
<td style="height: 16px; background-color: #cceeff; vertical-align: bottom; width: 5.13447%;" valign="bottom">
<p style="margin: 0pt 3.35pt 0pt 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 7pt; line-height: inherit;">&#8208;</font></p>

























</td>
<td style="height: 16px; background-color: #cceeff; vertical-align: bottom; width: 1.10024%;" valign="bottom"><br></td>
<td style="height: 16px; background-color: #cceeff; vertical-align: bottom; width: 5.86797%;" valign="bottom">
<p style="margin: 0pt 2.65pt 0pt 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 7pt; line-height: inherit;">(21)</font></p>

























</td>
<td style="height: 16px; background-color: #cceeff; vertical-align: bottom; width: 1.10024%;" valign="bottom"><br></td>
<td style="height: 16px; background-color: #cceeff; vertical-align: bottom; width: 6.23472%;" valign="bottom">
<p style="margin: 0pt 4.2pt 0pt 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 7pt; line-height: inherit;">&#8208;</font></p>

























</td>
<td style="height: 16px; background-color: #cceeff; vertical-align: bottom; width: 1.10024%;" valign="bottom"><br></td>
<td style="height: 16px; background-color: #cceeff; vertical-align: bottom; width: 7.45721%;" valign="bottom">
<p style="margin: 0pt 3.4pt 0pt 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 7pt; line-height: inherit;">&#8208;</font></p>

























</td>
<td style="height: 16px; background-color: #cceeff; vertical-align: bottom; width: 1.10024%;" valign="bottom"><br></td>
<td style="height: 16px; background-color: #cceeff; vertical-align: bottom; width: 5.74572%;" valign="bottom">
<p style="margin: 0pt 3.85pt 0pt 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 7pt; line-height: inherit;">&#8208;</font></p>

























</td>
<td style="height: 16px; background-color: #cceeff; vertical-align: bottom; width: 1.10024%;" valign="bottom"><br></td>
<td style="height: 16px; background-color: #cceeff; vertical-align: bottom; width: 5.25672%;" valign="bottom">
<p style="margin: 0pt 3.25pt 0pt 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 7pt; line-height: inherit;">&#8208;</font></p>

























</td>
<td style="height: 16px; background-color: #cceeff; vertical-align: bottom; width: 1.10024%;" valign="bottom"><br></td>
<td style="height: 16px; background-color: #cceeff; vertical-align: bottom; width: 5.99022%;" valign="bottom">
<p style="margin: 0pt 3.65pt 0pt 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 7pt; line-height: inherit;">(21)</font></p>

























</td>



</tr>
<tr style="height: 16px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px; width: 7.57946%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 7pt; line-height: inherit;">Transfers</font></p>

























</td>
<td style="height: 16px; text-align: right; vertical-align: bottom; width: 4.27873%;" valign="bottom">
<p style="margin: 0pt 3.15pt 0pt 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 7pt; line-height: inherit;">(1)</font></p>

























</td>
<td style="height: 16px; text-align: right; vertical-align: bottom; width: 1.10024%;" valign="bottom"><br></td>
<td style="height: 16px; text-align: right; vertical-align: bottom; width: 5.74572%;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 7pt; line-height: inherit;">-</font></p>

























</td>
<td style="height: 16px; vertical-align: bottom; width: 1.10024%;" valign="bottom"><br></td>
<td style="height: 16px; vertical-align: bottom; width: 8.06846%;" valign="bottom">
<p style="margin: 0pt 3.5pt 0pt 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 7pt; line-height: inherit;">-</font></p>

























</td>
<td style="height: 16px; vertical-align: bottom; width: 1.10024%;" valign="bottom"><br></td>
<td style="height: 16px; vertical-align: bottom; width: 6.35697%;" valign="bottom">
<p style="margin: 0pt 2.75pt 0pt 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 7pt; line-height: inherit;">1</font></p>

























</td>
<td style="height: 16px; vertical-align: bottom; width: 1.10024%;" valign="bottom"><br></td>
<td style="height: 16px; vertical-align: bottom; width: 7.70171%;" valign="bottom">
<p style="margin: 0pt 3.1pt 0pt 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 7pt; line-height: inherit;">-</font></p>

























</td>
<td style="height: 16px; vertical-align: bottom; width: 1.10024%;" valign="bottom"><br></td>
<td style="height: 16px; vertical-align: bottom; width: 5.25672%;" valign="bottom">
<p style="margin: 0pt 3.75pt 0pt 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 7pt; line-height: inherit;">&#8208;</font></p>

























</td>
<td style="height: 16px; vertical-align: bottom; width: 1.10024%;" valign="bottom"><br></td>
<td style="height: 16px; vertical-align: bottom; width: 5.13447%;" valign="bottom">
<p style="margin: 0pt 3.35pt 0pt 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 7pt; line-height: inherit;">&#8208;</font></p>

























</td>
<td style="height: 16px; vertical-align: bottom; width: 1.10024%;" valign="bottom"><br></td>
<td style="height: 16px; vertical-align: bottom; width: 5.86797%;" valign="bottom">
<p style="margin: 0pt 2.65pt 0pt 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 7pt; line-height: inherit;">-</font></p>

























</td>
<td style="height: 16px; vertical-align: bottom; width: 1.10024%;" valign="bottom"><br></td>
<td style="height: 16px; vertical-align: bottom; width: 6.23472%;" valign="bottom">
<p style="margin: 0pt 4.2pt 0pt 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 7pt; line-height: inherit;">&#8208;</font></p>

























</td>
<td style="height: 16px; vertical-align: bottom; width: 1.10024%;" valign="bottom"><br></td>
<td style="height: 16px; vertical-align: bottom; width: 7.45721%;" valign="bottom">
<p style="margin: 0pt 3.4pt 0pt 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 7pt; line-height: inherit;">&#8208;</font></p>

























</td>
<td style="height: 16px; vertical-align: bottom; width: 1.10024%;" valign="bottom"><br></td>
<td style="height: 16px; vertical-align: bottom; width: 5.74572%;" valign="bottom">
<p style="margin: 0pt 3.85pt 0pt 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 7pt; line-height: inherit;">&#8208;</font></p>

























</td>
<td style="height: 16px; vertical-align: bottom; width: 1.10024%;" valign="bottom"><br></td>
<td style="height: 16px; vertical-align: bottom; width: 5.25672%;" valign="bottom">
<p style="margin: 0pt 3.25pt 0pt 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 7pt; line-height: inherit;">&#8208;</font></p>

























</td>
<td style="height: 16px; vertical-align: bottom; width: 1.10024%;" valign="bottom"><br></td>
<td style="height: 16px; vertical-align: bottom; width: 5.99022%;" valign="bottom">
<p style="margin: 0pt 3.65pt 0pt 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font size="1">-</font></p>

























</td>



</tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff; width: 7.57946%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="color: #000000; font-family: 'times new roman', times; font-size: 9.33333px; 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;">Balance as of 03/31/2024</font></p>

























</td>
<td style="height: 10px; text-align: right; background-color: #cceeff; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; width: 4.27873%;" valign="bottom">
<p style="margin: 0pt 2.75pt 0pt 0pt; break-after: avoid; break-inside: avoid; text-align: right; font-family: 'times new roman', times;"><font style="font-family: 'times new roman', times; font-size: 7pt; font-weight: bold; break-after: avoid; break-inside: avoid; line-height: inherit;">(147)</font></p>

























</td>
<td style="height: 10px; text-align: right; background-color: #cceeff; vertical-align: bottom; border-bottom-width: 1px; width: 1.10024%;" valign="bottom"><br></td>
<td style="height: 10px; text-align: right; background-color: #cceeff; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; width: 5.74572%;" valign="bottom">
<p style="margin: 0pt 2.75pt 0pt 0pt; break-after: avoid; break-inside: avoid; text-align: right; font-family: 'times new roman', times;"><font style="font-family: 'times new roman', times; font-size: 7pt; font-weight: bold; break-after: avoid; break-inside: avoid; line-height: inherit;">(17)</font></p>

























</td>
<td style="height: 10px; background-color: #cceeff; vertical-align: bottom; border-bottom-width: 1px; width: 1.10024%;" valign="bottom"><br></td>
<td style="height: 10px; background-color: #cceeff; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; width: 8.06846%;" valign="bottom">
<p style="margin: 0pt 2.75pt 0pt 0pt; break-after: avoid; break-inside: avoid; text-align: right; font-family: 'times new roman', times;"><font style="font-family: 'times new roman', times; font-size: 7pt; font-weight: bold; break-after: avoid; break-inside: avoid; line-height: inherit;">(11)</font></p>

























</td>
<td style="height: 10px; background-color: #cceeff; vertical-align: bottom; border-bottom-width: 1px; width: 1.10024%;" valign="bottom"><br></td>
<td style="height: 10px; background-color: #cceeff; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; width: 6.35697%; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt 2.75pt 0pt 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 7pt; font-weight: bold; line-height: inherit;">(1,294)</font></p>

























</td>
<td style="height: 10px; background-color: #cceeff; vertical-align: bottom; border-bottom-width: 1px; width: 1.10024%;" valign="bottom"><br></td>
<td style="height: 10px; background-color: #cceeff; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; width: 7.70171%;" valign="bottom">
<p style="margin: 0pt 3.1pt 0pt 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 7pt; font-weight: bold; line-height: inherit;">(2)</font></p>

























</td>
<td style="height: 10px; background-color: #cceeff; vertical-align: bottom; border-bottom-width: 1px; width: 1.10024%;" valign="bottom"><br></td>
<td style="height: 10px; background-color: #cceeff; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; width: 5.25672%;" valign="bottom">
<p style="margin: 0pt 3.75pt 0pt 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 7pt; font-weight: bold; line-height: inherit;">-</font></p>

























</td>
<td style="height: 10px; background-color: #cceeff; vertical-align: bottom; border-bottom-width: 1px; width: 1.10024%;" valign="bottom"><br></td>
<td style="height: 10px; background-color: #cceeff; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; width: 5.13447%;" valign="bottom">
<p style="margin: 0pt 3.35pt 0pt 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 7pt; font-weight: bold; line-height: inherit;">-</font></p>

























</td>
<td style="height: 10px; background-color: #cceeff; vertical-align: bottom; border-bottom-width: 1px; width: 1.10024%;" valign="bottom"><br></td>
<td style="height: 10px; background-color: #cceeff; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; width: 5.86797%;" valign="bottom">
<p style="margin: 0pt 2.65pt 0pt 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 7pt; font-weight: bold; line-height: inherit;">(21)</font></p>

























</td>
<td style="height: 10px; background-color: #cceeff; vertical-align: bottom; border-bottom-width: 1px; width: 1.10024%;" valign="bottom"><br></td>
<td style="height: 10px; background-color: #cceeff; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; width: 6.23472%;" valign="bottom">
<p style="margin: 0pt 4.2pt 0pt 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 7pt; font-weight: bold; line-height: inherit;">-</font></p>

























</td>
<td style="height: 10px; background-color: #cceeff; vertical-align: bottom; border-bottom-width: 1px; width: 1.10024%;" valign="bottom"><br></td>
<td style="height: 10px; background-color: #cceeff; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; width: 7.45721%;" valign="bottom">
<p style="margin: 0pt 3.4pt 0pt 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 7pt; font-weight: bold; line-height: inherit;">-</font></p>

























</td>
<td style="height: 10px; background-color: #cceeff; vertical-align: bottom; border-bottom-width: 1px; width: 1.10024%;" valign="bottom"><br></td>
<td style="height: 10px; background-color: #cceeff; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; width: 5.74572%;" valign="bottom">
<p style="margin: 0pt 3.85pt 0pt 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 7pt; font-weight: bold; line-height: inherit;">-</font></p>

























</td>
<td style="height: 10px; background-color: #cceeff; vertical-align: bottom; border-bottom-width: 1px; width: 1.10024%;" valign="bottom"><br></td>
<td style="height: 10px; background-color: #cceeff; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; width: 5.25672%;" valign="bottom">
<p style="margin: 0pt 3.25pt 0pt 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 7pt; font-weight: bold; line-height: inherit;">&#8208;</font></p>

























</td>
<td style="height: 10px; background-color: #cceeff; vertical-align: bottom; border-bottom-width: 1px; width: 1.10024%;" valign="bottom"><br></td>
<td style="height: 10px; background-color: #cceeff; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; width: 5.99022%;" valign="bottom">
<p style="margin: 0pt 3.65pt 0pt 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 7pt; font-weight: bold; line-height: inherit;">(1,492)</font></p>

























</td>



</tr>
<tr style="height: 10px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; width: 7.57946%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 7pt; line-height: inherit;"><font style="font-weight: bold; line-height: inherit;">Net amount</font> <font style="font-weight: bold; line-height: inherit;">as of</font><font style="font-weight: bold; line-height: inherit;"> March 31, 2024</font></font></p>

























</td>
<td style="height: 10px; text-align: right; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; width: 4.27873%;" valign="bottom">
<p style="margin: 0pt 2.75pt 0pt 0pt; break-after: avoid; break-inside: avoid; text-align: right; font-family: 'times new roman', times;"><font style="font-family: 'times new roman', times; font-size: 7pt; font-weight: bold; break-after: avoid; break-inside: avoid; line-height: inherit;">611,193</font></p>

























</td>
<td style="height: 10px; text-align: right; vertical-align: bottom; border-bottom-width: 1px; width: 1.10024%;" valign="bottom"><br></td>
<td style="height: 10px; text-align: right; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; width: 5.74572%;" valign="bottom">
<p style="margin: 0pt 2.75pt 0pt 0pt; break-after: avoid; break-inside: avoid; text-align: right; font-family: 'times new roman', times;"><font style="font-family: 'times new roman', times; font-size: 7pt; font-weight: bold; break-after: avoid; break-inside: avoid; line-height: inherit;">1,125,268</font></p>

























</td>
<td style="height: 10px; vertical-align: bottom; border-bottom-width: 1px; width: 1.10024%;" valign="bottom"><br></td>
<td style="height: 10px; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; width: 8.06846%;" valign="bottom">
<p style="margin: 0pt 2.75pt 0pt 0pt; break-after: avoid; break-inside: avoid; text-align: right; font-family: 'times new roman', times;"><font style="font-family: 'times new roman', times; font-size: 7pt; font-weight: bold; break-after: avoid; break-inside: avoid; line-height: inherit;">598,089</font></p>

























</td>
<td style="height: 10px; vertical-align: bottom; border-bottom-width: 1px; width: 1.10024%;" valign="bottom"><br></td>
<td style="height: 10px; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; width: 6.35697%; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt 2.75pt 0pt 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 7pt; line-height: inherit;"><font style="font-weight: bold; line-height: inherit;">1,3</font><font style="font-weight: bold; line-height: inherit;">78</font><font style="font-weight: bold; line-height: inherit;">,</font><font style="font-weight: bold; line-height: inherit;">300</font></font></p>

























</td>
<td style="height: 10px; vertical-align: bottom; border-bottom-width: 1px; width: 1.10024%;" valign="bottom"><br></td>
<td style="height: 10px; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; width: 7.70171%;" valign="bottom">
<p style="margin: 0pt 3.1pt 0pt 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 7pt; line-height: inherit;"><font style="font-weight: bold; line-height: inherit;">1,130,</font><font style="font-weight: bold; line-height: inherit;">836</font></font></p>

























</td>
<td style="height: 10px; vertical-align: bottom; border-bottom-width: 1px; width: 1.10024%;" valign="bottom"><br></td>
<td style="height: 10px; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; width: 5.25672%;" valign="bottom">
<p style="margin: 0pt 3.75pt 0pt 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font size="1"><b>391,014</b></font></p>

























</td>
<td style="height: 10px; vertical-align: bottom; border-bottom-width: 1px; width: 1.10024%;" valign="bottom"><br></td>
<td style="height: 10px; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; width: 5.13447%;" valign="bottom">
<p style="margin: 0pt 3.35pt 0pt 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font size="1"><b>264,511</b></font></p>

























</td>
<td style="height: 10px; vertical-align: bottom; border-bottom-width: 1px; width: 1.10024%;" valign="bottom"><br></td>
<td style="height: 10px; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; width: 5.86797%;" valign="bottom">
<p style="margin: 0pt 2.65pt 0pt 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font size="1"><b>80,202</b></font></p>

























</td>
<td style="height: 10px; vertical-align: bottom; border-bottom-width: 1px; width: 1.10024%;" valign="bottom"><br></td>
<td style="height: 10px; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; width: 6.23472%;" valign="bottom">
<p style="margin: 0pt 4.2pt 0pt 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font size="1"><b>60,672</b></font></p>

























</td>
<td style="height: 10px; vertical-align: bottom; border-bottom-width: 1px; width: 1.10024%;" valign="bottom"><br></td>
<td style="height: 10px; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; width: 7.45721%;" valign="bottom">
<p style="margin: 0pt 3.4pt 0pt 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font size="1"><b>810,595</b></font></p>

























</td>
<td style="height: 10px; vertical-align: bottom; border-bottom-width: 1px; width: 1.10024%;" valign="bottom"><br></td>
<td style="height: 10px; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; width: 5.74572%;" valign="bottom">
<p style="margin: 0pt 3.85pt 0pt 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font size="1"><b>43,958</b></font></p>

























</td>
<td style="height: 10px; vertical-align: bottom; border-bottom-width: 1px; width: 1.10024%;" valign="bottom"><br></td>
<td style="height: 10px; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; width: 5.25672%;" valign="bottom">
<p style="margin: 0pt 3.25pt 0pt 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font size="1"><b>-</b></font></p>

























</td>
<td style="height: 10px; vertical-align: bottom; border-bottom-width: 1px; width: 1.10024%;" valign="bottom"><br></td>
<td style="height: 10px; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; width: 5.99022%;" valign="bottom">
<p style="margin: 0pt 3.65pt 0pt 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font size="1"><b>6,494,638</b></font></p>

























</td>



</tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff; width: 7.57946%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 7pt; line-height: inherit;"><font style="font-weight: bold; line-height: inherit;">Net amount</font> <font style="font-weight: bold; line-height: inherit;">as of</font><font style="font-weight: bold; line-height: inherit;"> December 31, 2023</font></font></p>

























</td>
<td style="height: 10px; text-align: right; background-color: #cceeff; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; width: 4.27873%;" valign="bottom">
<p style="margin: 0pt 2.75pt 0pt 0pt; break-after: avoid; break-inside: avoid; text-align: right; font-family: 'times new roman', times;"><font style="font-family: 'times new roman', times; font-size: 7pt; font-weight: bold; break-after: avoid; break-inside: avoid; line-height: inherit;">607,006</font></p>

























</td>
<td style="height: 10px; text-align: right; background-color: #cceeff; vertical-align: bottom; border-bottom-width: 1px; width: 1.10024%;" valign="bottom"><br></td>
<td style="height: 10px; text-align: right; background-color: #cceeff; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; width: 5.74572%;" valign="bottom">
<p style="margin: 0pt 2.75pt 0pt 0pt; break-after: avoid; break-inside: avoid; text-align: right; font-family: 'times new roman', times;"><font style="font-family: 'times new roman', times; font-size: 7pt; font-weight: bold; break-after: avoid; break-inside: avoid; line-height: inherit;">1,110,461</font></p>

























</td>
<td style="height: 10px; background-color: #cceeff; vertical-align: bottom; border-bottom-width: 1px; width: 1.10024%;" valign="bottom"><br></td>
<td style="height: 10px; background-color: #cceeff; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; width: 8.06846%;" valign="bottom">
<p style="margin: 0pt 2.75pt 0pt 0pt; break-after: avoid; break-inside: avoid; text-align: right; font-family: 'times new roman', times;"><font style="font-family: 'times new roman', times; font-size: 7pt; font-weight: bold; break-after: avoid; break-inside: avoid; line-height: inherit;">609,800</font></p>

























</td>
<td style="height: 10px; background-color: #cceeff; vertical-align: bottom; border-bottom-width: 1px; width: 1.10024%;" valign="bottom"><br></td>
<td style="height: 10px; background-color: #cceeff; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; width: 6.35697%; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt 2.75pt 0pt 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 7pt; font-weight: bold; line-height: inherit;">1,381,047</font></p>

























</td>
<td style="height: 10px; background-color: #cceeff; vertical-align: bottom; border-bottom-width: 1px; width: 1.10024%;" valign="bottom"><br></td>
<td style="height: 10px; background-color: #cceeff; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; width: 7.70171%;" valign="bottom">
<p style="margin: 0pt 3.1pt 0pt 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 7pt; font-weight: bold; line-height: inherit;">1,122,792</font></p>

























</td>
<td style="height: 10px; background-color: #cceeff; vertical-align: bottom; border-bottom-width: 1px; width: 1.10024%;" valign="bottom"><br></td>
<td style="height: 10px; background-color: #cceeff; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; width: 5.25672%;" valign="bottom">
<p style="margin: 0pt 3.75pt 0pt 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 7pt; font-weight: bold; line-height: inherit;">401,100</font></p>

























</td>
<td style="height: 10px; background-color: #cceeff; vertical-align: bottom; border-bottom-width: 1px; width: 1.10024%;" valign="bottom"><br></td>
<td style="height: 10px; background-color: #cceeff; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; width: 5.13447%;" valign="bottom">
<p style="margin: 0pt 3.35pt 0pt 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 7pt; font-weight: bold; line-height: inherit;">189,923</font></p>

























</td>
<td style="height: 10px; background-color: #cceeff; vertical-align: bottom; border-bottom-width: 1px; width: 1.10024%;" valign="bottom"><br></td>
<td style="height: 10px; background-color: #cceeff; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; width: 5.86797%;" valign="bottom">
<p style="margin: 0pt 2.65pt 0pt 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 7pt; font-weight: bold; line-height: inherit;">82,523</font></p>

























</td>
<td style="height: 10px; background-color: #cceeff; vertical-align: bottom; border-bottom-width: 1px; width: 1.10024%;" valign="bottom"><br></td>
<td style="height: 10px; background-color: #cceeff; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; width: 6.23472%;" valign="bottom">
<p style="margin: 0pt 4.2pt 0pt 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 7pt; font-weight: bold; line-height: inherit;">63,769</font></p>

























</td>
<td style="height: 10px; background-color: #cceeff; vertical-align: bottom; border-bottom-width: 1px; width: 1.10024%;" valign="bottom"><br></td>
<td style="height: 10px; background-color: #cceeff; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; width: 7.45721%;" valign="bottom">
<p style="margin: 0pt 3.4pt 0pt 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 7pt; font-weight: bold; line-height: inherit;">783,496</font></p>

























</td>
<td style="height: 10px; background-color: #cceeff; vertical-align: bottom; border-bottom-width: 1px; width: 1.10024%;" valign="bottom"><br></td>
<td style="height: 10px; background-color: #cceeff; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; width: 5.74572%;" valign="bottom">
<p style="margin: 0pt 3.85pt 0pt 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 7pt; font-weight: bold; line-height: inherit;">32,557</font></p>

























</td>
<td style="height: 10px; background-color: #cceeff; vertical-align: bottom; border-bottom-width: 1px; width: 1.10024%;" valign="bottom"><br></td>
<td style="height: 10px; background-color: #cceeff; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; width: 5.25672%;" valign="bottom">
<p style="margin: 0pt 3.25pt 0pt 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 7pt; font-weight: bold; line-height: inherit;">3,107</font></p>

























</td>
<td style="height: 10px; background-color: #cceeff; vertical-align: bottom; border-bottom-width: 1px; width: 1.10024%;" valign="bottom"><br></td>
<td style="height: 10px; background-color: #cceeff; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; width: 5.99022%;" valign="bottom">
<p style="margin: 0pt 3.65pt 0pt 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 7pt; font-weight: bold; line-height: inherit;">6,387,581</font></p>

























</td>



</tr>





























</table>
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">(i) Refers to R$ 4,882 transferred to intangible assets and R$ 1,133 transferred from right-of-use assets.</font></p>
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: justify; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: justify; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Construction in progress relates substantially to expansions, renovations, constructions and upgrade of the terminals&#8217; assets, service stations and distribution bases.</font></p>
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: justify; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: justify; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Advances to suppliers are basically related to manufacturing of assets for expansion of terminals, distribution bases and acquisition of real estate.</font></p>



















</div>


















</div>


















</div>


















</div>
<div style="line-height: 1.2;">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: justify; widows: 0;">&nbsp;</p>
<div>
<table style="width: 100%; font-family: 'times new roman'; font-size: 10pt;">

<tr>
<td class="pgno" style="padding: 0px; text-align: center;"><font style="font-size: 10pt; line-height: inherit;" class="pageno"><font class='pageno'>44</font></font></td>

























</tr>



















































</table>
<hr class="horizontalLineRemoved" style="border-bottom-color: #000000; border-top-color: #000000; color: #000000; background-color: #000000;"></hr>
<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div>
<div style="width: 8.5in; margin: 0 auto;">
<div style="line-height: 1.2;">
<div>
<table style="font-size: 10pt; width: 100%; height: 30px; border-collapse: collapse; font-family: 'times new roman'; margin: 0px; text-indent: 0px;">

<tr style="height: 10px;">
<td style="height: 10px; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times; font-size: 12pt; font-weight: bold; float: none; line-height: inherit; display: inline !important;">Ultrapar Participa&#231;&#245;es S.A. and Subsidiaries</font></td>
<td style="height: 10px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><img src="imgc0dec36d433f45a2aa5c.jpg" style="float: right;" alt="Graphics"></font></td>



























</tr>
<tr style="height: 10px;">
<td style="height: 10px;">
<p style="margin: 2pt 0in 0in; text-align: justify; font-size: 11pt; font-family: 'Times New Roman', serif;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">
















<b style="mso-bidi-font-weight: normal;">Notes to the interim financial information</b>


</font></p>



























</td>
<td style="height: 10px;"><br></td>



























</tr>
<tr style="height: 10px;">
<td style="font-size: 10pt; height: 10px; width: 75%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000080 !important;">
<p style="margin: 2pt 0in 0.0001pt; text-align: justify; font-size: 11pt; font-family: 'Times New Roman', 'serif';"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><b style="mso-bidi-font-weight: normal;">For the period ended March 31, 2024</b></font><b><font style="font-size: 9pt; font-family: Arial, 'sans-serif'; line-height: inherit;"></font></b></p>



























</td>
<td style="height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000080 !important;"><br></td>



























</tr>























































</table>























</div>
<p style="margin: 0pt; text-align: left;">&nbsp;&nbsp;</p>




















</div>
<div style="line-height: 1.2;">
<div style="background-color: #002060; margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; widows: 0;"><a style="text-decoration: none; color: #000000; cursor: default; outline: none; pointer-events: none;" href="#TOC" name="Ba15_342024144614152" class="customBookmark"><font style="color: #ffffff; font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">14. Intangible assets (consolidated)</font></a></div>
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Balances and changes in intangible assets are as follows:</font></p>
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">&nbsp;</font></p>
<table cellspacing="0" cellpadding="0" style="height: 281px; border-collapse: collapse; margin-left: 0px; font-family: 'times new roman'; font-size: 10pt; width: 100%;" width="100%">

<tr style="height: 15px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 15px; border-bottom-width: 1px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>

























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 15px; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">Goodwill (a)</font></p>

























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 15px; vertical-align: bottom; border-bottom-width: 1px;" valign="bottom"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 15px; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">Software</font></p>

























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 15px; vertical-align: bottom; border-bottom-width: 1px;" valign="bottom"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 15px; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">Distribution rights</font></p>

























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 15px; vertical-align: bottom; border-bottom-width: 1px;" valign="bottom"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 15px; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">Brands</font></p>

























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 15px; vertical-align: bottom; border-bottom-width: 1px;" valign="bottom"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 15px; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">Trademark rights</font></p>

























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 15px; vertical-align: bottom; border-bottom-width: 1px;" valign="bottom"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 15px; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">Others</font></p>

























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 15px; vertical-align: bottom; border-bottom-width: 1px;" valign="bottom"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 15px; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"><font style="font-weight: bold; line-height: inherit;">Decarbonization credits (CBIO)</font><font style="font-weight: bold; line-height: inherit;"> (b)</font></font></p>

























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 15px; vertical-align: bottom; border-bottom-width: 1px;" valign="bottom"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 15px; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">Total</font></p>

























</td>























</tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; width: 15%; background-color: #cceeff; border-bottom-width: 1px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Weighted average useful life (years)</font></p>

























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; width: 8%; background-color: #cceeff; vertical-align: bottom; border-bottom-width: 1px;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">-</font></p>

























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; width: 1%; background-color: #cceeff; vertical-align: bottom; border-bottom-width: 1px;" valign="bottom"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; width: 10%; background-color: #cceeff; vertical-align: bottom; border-bottom-width: 1px;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">5</font></p>

























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; width: 1%; background-color: #cceeff; vertical-align: bottom; border-bottom-width: 1px;" valign="bottom"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; width: 10%; background-color: #cceeff; vertical-align: bottom; border-bottom-width: 1px;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">15</font></p>

























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; width: 1%; background-color: #cceeff; vertical-align: bottom; border-bottom-width: 1px;" valign="bottom"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; width: 10%; background-color: #cceeff; vertical-align: bottom; border-bottom-width: 1px;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">-</font></p>

























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; width: 1%; background-color: #cceeff; vertical-align: bottom; border-bottom-width: 1px;" valign="bottom"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; width: 10%; background-color: #cceeff; vertical-align: bottom; border-bottom-width: 1px;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">30</font></p>

























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; width: 1%; background-color: #cceeff; vertical-align: bottom; border-bottom-width: 1px;" valign="bottom"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; width: 10%; background-color: #cceeff; vertical-align: bottom; border-bottom-width: 1px;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">3</font></p>

























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; width: 1%; background-color: #cceeff; vertical-align: bottom; border-bottom-width: 1px;" valign="bottom"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; width: 10%; background-color: #cceeff; vertical-align: bottom; border-bottom-width: 1px;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">-</font></p>

























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; width: 1%; background-color: #cceeff; vertical-align: bottom; border-bottom-width: 1px;" valign="bottom"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; width: 10%; background-color: #cceeff; vertical-align: bottom; border-bottom-width: 1px;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208;</font></p>

























</td>























</tr>
<tr style="height: 16px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; border-bottom-width: 1px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">Cost</font></p>

























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; vertical-align: bottom; border-bottom-width: 1px;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>

























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; vertical-align: bottom; border-bottom-width: 1px;" valign="bottom"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; vertical-align: bottom; border-bottom-width: 1px;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>

























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; vertical-align: bottom; border-bottom-width: 1px;" valign="bottom"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; vertical-align: bottom; border-bottom-width: 1px;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>

























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; vertical-align: bottom; border-bottom-width: 1px;" valign="bottom"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; vertical-align: bottom; border-bottom-width: 1px;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>

























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; vertical-align: bottom; border-bottom-width: 1px;" valign="bottom"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; vertical-align: bottom; border-bottom-width: 1px;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>

























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; vertical-align: bottom; border-bottom-width: 1px;" valign="bottom"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; vertical-align: bottom; border-bottom-width: 1px;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>

























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; vertical-align: bottom; border-bottom-width: 1px;" valign="bottom"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; vertical-align: bottom; border-bottom-width: 1px;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>

























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; vertical-align: bottom; border-bottom-width: 1px;" valign="bottom"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; vertical-align: bottom; border-bottom-width: 1px;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>

























</td>























</tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff; border-bottom-width: 1px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">Balance as of 12/31/2023</font></p>

























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; background-color: #cceeff; vertical-align: bottom; border-bottom-width: 1px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">943,125</font></p>

























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; background-color: #cceeff; vertical-align: bottom; border-bottom-width: 1px;" valign="bottom"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; background-color: #cceeff; vertical-align: bottom; border-bottom-width: 1px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">1,503,601</font></p>

























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; background-color: #cceeff; vertical-align: bottom; border-bottom-width: 1px;" valign="bottom"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; background-color: #cceeff; vertical-align: bottom; border-bottom-width: 1px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">155,174</font></p>

























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; background-color: #cceeff; vertical-align: bottom; border-bottom-width: 1px;" valign="bottom"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; background-color: #cceeff; vertical-align: bottom; border-bottom-width: 1px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">62,303</font></p>

























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; background-color: #cceeff; vertical-align: bottom; border-bottom-width: 1px;" valign="bottom"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; background-color: #cceeff; vertical-align: bottom; border-bottom-width: 1px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">120,960</font></p>

























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; background-color: #cceeff; vertical-align: bottom; border-bottom-width: 1px;" valign="bottom"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; background-color: #cceeff; vertical-align: bottom; border-bottom-width: 1px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">15,127</font></p>

























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; background-color: #cceeff; vertical-align: bottom; border-bottom-width: 1px;" valign="bottom"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; background-color: #cceeff; vertical-align: bottom; border-bottom-width: 1px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">710,710</font></p>

























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; background-color: #cceeff; vertical-align: bottom; border-bottom-width: 1px;" valign="bottom"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; background-color: #cceeff; vertical-align: bottom; border-bottom-width: 1px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">3,511,000</font></p>

























</td>























</tr>
<tr style="height: 16px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; border-bottom-width: 1px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Additions</font></p>

























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; vertical-align: bottom; border-bottom-width: 1px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208;</font></p>

























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; vertical-align: bottom; border-bottom-width: 1px;" valign="bottom"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; vertical-align: bottom; border-bottom-width: 1px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">32,815</font></p>

























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; vertical-align: bottom; border-bottom-width: 1px;" valign="bottom"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; vertical-align: bottom; border-bottom-width: 1px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">14,460</font></p>

























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; vertical-align: bottom; border-bottom-width: 1px;" valign="bottom"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; vertical-align: bottom; border-bottom-width: 1px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208;</font></p>

























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; vertical-align: bottom; border-bottom-width: 1px;" valign="bottom"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; vertical-align: bottom; border-bottom-width: 1px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">2</font></p>

























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; vertical-align: bottom; border-bottom-width: 1px;" valign="bottom"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; vertical-align: bottom; border-bottom-width: 1px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208;</font></p>

























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; vertical-align: bottom; border-bottom-width: 1px;" valign="bottom"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; vertical-align: bottom; border-bottom-width: 1px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">338,067</font></p>

























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; vertical-align: bottom; border-bottom-width: 1px;" valign="bottom"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; vertical-align: bottom; border-bottom-width: 1px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">385,344</font></p>

























</td>























</tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff; border-bottom-width: 1px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Transfers <sup>(i)</sup></font></p>

























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; background-color: #cceeff; vertical-align: bottom; border-bottom-width: 1px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">(134)</font></p>

























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; background-color: #cceeff; vertical-align: bottom; border-bottom-width: 1px;" valign="bottom"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; background-color: #cceeff; vertical-align: bottom; border-bottom-width: 1px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">(22,211)</font></p>

























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; background-color: #cceeff; vertical-align: bottom; border-bottom-width: 1px;" valign="bottom"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; background-color: #cceeff; vertical-align: bottom; border-bottom-width: 1px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">1,412</font></p>

























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; background-color: #cceeff; vertical-align: bottom; border-bottom-width: 1px;" valign="bottom"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; background-color: #cceeff; vertical-align: bottom; border-bottom-width: 1px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">(948)</font></p>

























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; background-color: #cceeff; vertical-align: bottom; border-bottom-width: 1px;" valign="bottom"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; background-color: #cceeff; vertical-align: bottom; border-bottom-width: 1px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208;</font></p>

























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; background-color: #cceeff; vertical-align: bottom; border-bottom-width: 1px;" valign="bottom"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; background-color: #cceeff; vertical-align: bottom; border-bottom-width: 1px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">245</font></p>

























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; background-color: #cceeff; vertical-align: bottom; border-bottom-width: 1px;" valign="bottom"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; background-color: #cceeff; vertical-align: bottom; border-bottom-width: 1px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">(389)</font></p>

























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; background-color: #cceeff; vertical-align: bottom; border-bottom-width: 1px;" valign="bottom"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; background-color: #cceeff; vertical-align: bottom; border-bottom-width: 1px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">(22,025)</font></p>

























</td>























</tr>
<tr style="height: 16px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; border-bottom-width: 1px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Write-offs</font></p>

























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; vertical-align: bottom; border-bottom-width: 1px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208;</font></p>

























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; vertical-align: bottom; border-bottom-width: 1px;" valign="bottom"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; vertical-align: bottom; border-bottom-width: 1px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208;</font></p>

























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; vertical-align: bottom; border-bottom-width: 1px;" valign="bottom"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; vertical-align: bottom; border-bottom-width: 1px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">(1)</font></p>

























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; vertical-align: bottom; border-bottom-width: 1px;" valign="bottom"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; vertical-align: bottom; border-bottom-width: 1px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208;</font></p>

























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; vertical-align: bottom; border-bottom-width: 1px;" valign="bottom"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; vertical-align: bottom; border-bottom-width: 1px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">246</font></p>

























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; vertical-align: bottom; border-bottom-width: 1px;" valign="bottom"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; vertical-align: bottom; border-bottom-width: 1px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208;</font></p>

























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; vertical-align: bottom; border-bottom-width: 1px;" valign="bottom"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; vertical-align: bottom; border-bottom-width: 1px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">(1,018,363)</font></p>

























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; vertical-align: bottom; border-bottom-width: 1px;" valign="bottom"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; vertical-align: bottom; border-bottom-width: 1px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">(1,018,118)</font></p>

























</td>























</tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff; border-bottom-width: 1px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Exchange rate variation</font></p>

























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; background-color: #cceeff; vertical-align: bottom; border-bottom-width: 1px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208;</font></p>

























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; background-color: #cceeff; vertical-align: bottom; border-bottom-width: 1px;" valign="bottom"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; background-color: #cceeff; vertical-align: bottom; border-bottom-width: 1px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208;</font></p>

























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; background-color: #cceeff; vertical-align: bottom; border-bottom-width: 1px;" valign="bottom"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; background-color: #cceeff; vertical-align: bottom; border-bottom-width: 1px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">1,413</font></p>

























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; background-color: #cceeff; vertical-align: bottom; border-bottom-width: 1px;" valign="bottom"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; background-color: #cceeff; vertical-align: bottom; border-bottom-width: 1px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208;</font></p>

























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; background-color: #cceeff; vertical-align: bottom; border-bottom-width: 1px;" valign="bottom"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; background-color: #cceeff; vertical-align: bottom; border-bottom-width: 1px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208;</font></p>

























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; background-color: #cceeff; vertical-align: bottom; border-bottom-width: 1px;" valign="bottom"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; background-color: #cceeff; vertical-align: bottom; border-bottom-width: 1px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208;</font></p>

























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; background-color: #cceeff; vertical-align: bottom; border-bottom-width: 1px;" valign="bottom"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; background-color: #cceeff; vertical-align: bottom; border-bottom-width: 1px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208;</font></p>

























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; background-color: #cceeff; vertical-align: bottom; border-bottom-width: 1px;" valign="bottom"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; background-color: #cceeff; vertical-align: bottom; border-bottom-width: 1px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">1,413</font></p>

























</td>























</tr>
<tr style="height: 16px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; border-bottom-width: 1px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Adjustment from acquisition of subsidiaries</font></p>

























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; vertical-align: bottom; border-bottom-width: 1px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">(374)</font></p>

























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; vertical-align: bottom; border-bottom-width: 1px;" valign="bottom"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; vertical-align: bottom; border-bottom-width: 1px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208;</font></p>

























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; vertical-align: bottom; border-bottom-width: 1px;" valign="bottom"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; vertical-align: bottom; border-bottom-width: 1px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208;</font></p>

























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; vertical-align: bottom; border-bottom-width: 1px;" valign="bottom"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; vertical-align: bottom; border-bottom-width: 1px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208;</font></p>

























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; vertical-align: bottom; border-bottom-width: 1px;" valign="bottom"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; vertical-align: bottom; border-bottom-width: 1px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208;</font></p>

























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; vertical-align: bottom; border-bottom-width: 1px;" valign="bottom"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; vertical-align: bottom; border-bottom-width: 1px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208;</font></p>

























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; vertical-align: bottom; border-bottom-width: 1px;" valign="bottom"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; vertical-align: bottom; border-bottom-width: 1px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208;</font></p>

























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; vertical-align: bottom; border-bottom-width: 1px;" valign="bottom"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; vertical-align: bottom; border-bottom-width: 1px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">(374)</font></p>

























</td>























</tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff; border-bottom-width: 1px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">Balance as of 03/31/2024</font></p>

























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; background-color: #cceeff; vertical-align: bottom; border-bottom-width: 1px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">942,617</font></p>

























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; background-color: #cceeff; vertical-align: bottom; border-bottom-width: 1px;" valign="bottom"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; background-color: #cceeff; vertical-align: bottom; border-bottom-width: 1px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">1,514,205</font></p>

























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; background-color: #cceeff; vertical-align: bottom; border-bottom-width: 1px;" valign="bottom"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; background-color: #cceeff; vertical-align: bottom; border-bottom-width: 1px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">172,458</font></p>

























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; background-color: #cceeff; vertical-align: bottom; border-bottom-width: 1px;" valign="bottom"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; background-color: #cceeff; vertical-align: bottom; border-bottom-width: 1px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">61,355</font></p>

























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; background-color: #cceeff; vertical-align: bottom; border-bottom-width: 1px;" valign="bottom"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; background-color: #cceeff; vertical-align: bottom; border-bottom-width: 1px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">121,208</font></p>

























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; background-color: #cceeff; vertical-align: bottom; border-bottom-width: 1px;" valign="bottom"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; background-color: #cceeff; vertical-align: bottom; border-bottom-width: 1px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">15,372</font></p>

























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; background-color: #cceeff; vertical-align: bottom; border-bottom-width: 1px;" valign="bottom"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; background-color: #cceeff; vertical-align: bottom; border-bottom-width: 1px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">30,025</font></p>

























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; background-color: #cceeff; vertical-align: bottom; border-bottom-width: 1px;" valign="bottom"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; background-color: #cceeff; vertical-align: bottom; border-bottom-width: 1px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">2,857,240</font></p>

























</td>























</tr>
<tr style="height: 16px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; border-bottom-width: 1px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">Accumulated amortization</font></p>

























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; vertical-align: bottom; border-bottom-width: 1px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>

























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; vertical-align: bottom; border-bottom-width: 1px;" valign="bottom"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; vertical-align: bottom; border-bottom-width: 1px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>

























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; vertical-align: bottom; border-bottom-width: 1px;" valign="bottom"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; vertical-align: bottom; border-bottom-width: 1px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>

























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; vertical-align: bottom; border-bottom-width: 1px;" valign="bottom"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; vertical-align: bottom; border-bottom-width: 1px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>

























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; vertical-align: bottom; border-bottom-width: 1px;" valign="bottom"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; vertical-align: bottom; border-bottom-width: 1px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>

























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; vertical-align: bottom; border-bottom-width: 1px;" valign="bottom"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; vertical-align: bottom; border-bottom-width: 1px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>

























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; vertical-align: bottom; border-bottom-width: 1px;" valign="bottom"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; vertical-align: bottom; border-bottom-width: 1px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>

























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; vertical-align: bottom; border-bottom-width: 1px;" valign="bottom"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; vertical-align: bottom; border-bottom-width: 1px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>

























</td>























</tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff; border-bottom-width: 1px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">Balance as of 12/31/2023</font></p>

























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; background-color: #cceeff; vertical-align: bottom; border-bottom-width: 1px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">&#8208;</font></p>

























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; background-color: #cceeff; vertical-align: bottom; border-bottom-width: 1px;" valign="bottom"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; background-color: #cceeff; vertical-align: bottom; border-bottom-width: 1px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">(826,773)</font></p>

























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; background-color: #cceeff; vertical-align: bottom; border-bottom-width: 1px;" valign="bottom"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; background-color: #cceeff; vertical-align: bottom; border-bottom-width: 1px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">(106,145)</font></p>

























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; background-color: #cceeff; vertical-align: bottom; border-bottom-width: 1px;" valign="bottom"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; background-color: #cceeff; vertical-align: bottom; border-bottom-width: 1px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">&#8208;</font></p>

























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; background-color: #cceeff; vertical-align: bottom; border-bottom-width: 1px;" valign="bottom"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; background-color: #cceeff; vertical-align: bottom; border-bottom-width: 1px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">(18,931)</font></p>

























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; background-color: #cceeff; vertical-align: bottom; border-bottom-width: 1px;" valign="bottom"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; background-color: #cceeff; vertical-align: bottom; border-bottom-width: 1px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">(5,234)</font></p>

























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; background-color: #cceeff; vertical-align: bottom; border-bottom-width: 1px;" valign="bottom"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; background-color: #cceeff; vertical-align: bottom; border-bottom-width: 1px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">&#8208;</font></p>

























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; background-color: #cceeff; vertical-align: bottom; border-bottom-width: 1px;" valign="bottom"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; background-color: #cceeff; vertical-align: bottom; border-bottom-width: 1px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">(957,083)</font></p>

























</td>























</tr>
<tr style="height: 16px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; border-bottom-width: 1px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Amortization</font></p>

























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; vertical-align: bottom; border-bottom-width: 1px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208;</font></p>

























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; vertical-align: bottom; border-bottom-width: 1px;" valign="bottom"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; vertical-align: bottom; border-bottom-width: 1px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">(52,721)</font></p>

























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; vertical-align: bottom; border-bottom-width: 1px;" valign="bottom"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; vertical-align: bottom; border-bottom-width: 1px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">(1,013)</font></p>

























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; vertical-align: bottom; border-bottom-width: 1px;" valign="bottom"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; vertical-align: bottom; border-bottom-width: 1px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208;</font></p>

























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; vertical-align: bottom; border-bottom-width: 1px;" valign="bottom"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; vertical-align: bottom; border-bottom-width: 1px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">(529)</font></p>

























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; vertical-align: bottom; border-bottom-width: 1px;" valign="bottom"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; vertical-align: bottom; border-bottom-width: 1px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">(669)</font></p>

























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; vertical-align: bottom; border-bottom-width: 1px;" valign="bottom"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; vertical-align: bottom; border-bottom-width: 1px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208;</font></p>

























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; vertical-align: bottom; border-bottom-width: 1px;" valign="bottom"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; vertical-align: bottom; border-bottom-width: 1px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">(54,932)</font></p>

























</td>























</tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff; border-bottom-width: 1px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Transfers <sup>(i)</sup></font></p>

























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; background-color: #cceeff; vertical-align: bottom; border-bottom-width: 1px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208;</font></p>

























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; background-color: #cceeff; vertical-align: bottom; border-bottom-width: 1px;" valign="bottom"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; background-color: #cceeff; vertical-align: bottom; border-bottom-width: 1px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">26,891</font></p>

























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; background-color: #cceeff; vertical-align: bottom; border-bottom-width: 1px;" valign="bottom"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; background-color: #cceeff; vertical-align: bottom; border-bottom-width: 1px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">18</font></p>

























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; background-color: #cceeff; vertical-align: bottom; border-bottom-width: 1px;" valign="bottom"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; background-color: #cceeff; vertical-align: bottom; border-bottom-width: 1px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208;</font></p>

























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; background-color: #cceeff; vertical-align: bottom; border-bottom-width: 1px;" valign="bottom"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; background-color: #cceeff; vertical-align: bottom; border-bottom-width: 1px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208;</font></p>

























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; background-color: #cceeff; vertical-align: bottom; border-bottom-width: 1px;" valign="bottom"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; background-color: #cceeff; vertical-align: bottom; border-bottom-width: 1px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">(2)</font></p>

























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; background-color: #cceeff; vertical-align: bottom; border-bottom-width: 1px;" valign="bottom"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; background-color: #cceeff; vertical-align: bottom; border-bottom-width: 1px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208;</font></p>

























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; background-color: #cceeff; vertical-align: bottom; border-bottom-width: 1px;" valign="bottom"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; background-color: #cceeff; vertical-align: bottom; border-bottom-width: 1px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">26,907</font></p>

























</td>























</tr>
<tr style="height: 16px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; border-bottom-width: 1px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Write-offs</font></p>

























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; vertical-align: bottom; border-bottom-width: 1px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208;</font></p>

























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; vertical-align: bottom; border-bottom-width: 1px;" valign="bottom"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; vertical-align: bottom; border-bottom-width: 1px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208;</font></p>

























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; vertical-align: bottom; border-bottom-width: 1px;" valign="bottom"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; vertical-align: bottom; border-bottom-width: 1px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">40</font></p>

























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; vertical-align: bottom; border-bottom-width: 1px;" valign="bottom"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; vertical-align: bottom; border-bottom-width: 1px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208;</font></p>

























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; vertical-align: bottom; border-bottom-width: 1px;" valign="bottom"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; vertical-align: bottom; border-bottom-width: 1px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">(89)</font></p>

























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; vertical-align: bottom; border-bottom-width: 1px;" valign="bottom"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; vertical-align: bottom; border-bottom-width: 1px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208;</font></p>

























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; vertical-align: bottom; border-bottom-width: 1px;" valign="bottom"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; vertical-align: bottom; border-bottom-width: 1px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208;</font></p>

























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; vertical-align: bottom; border-bottom-width: 1px;" valign="bottom"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; vertical-align: bottom; border-bottom-width: 1px;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">(49)</font></p>

























</td>























</tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px; background-color: #cceeff; border-bottom-width: 1px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">Balance as of 03/31/2024</font></p>

























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; background-color: #cceeff; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">&#8208;</font></p>

























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; background-color: #cceeff; vertical-align: bottom; border-bottom-width: 1px;" valign="bottom"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; background-color: #cceeff; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">(852,603)</font></p>

























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; background-color: #cceeff; vertical-align: bottom; border-bottom-width: 1px;" valign="bottom"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; background-color: #cceeff; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">(107,100)</font></p>

























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; background-color: #cceeff; vertical-align: bottom; border-bottom-width: 1px;" valign="bottom"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; background-color: #cceeff; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">&#8208;</font></p>

























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; background-color: #cceeff; vertical-align: bottom; border-bottom-width: 1px;" valign="bottom"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; background-color: #cceeff; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">(19,549)</font></p>

























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; background-color: #cceeff; vertical-align: bottom; border-bottom-width: 1px;" valign="bottom"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; background-color: #cceeff; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">(5,905)</font></p>

























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; background-color: #cceeff; vertical-align: bottom; border-bottom-width: 1px;" valign="bottom"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; background-color: #cceeff; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">&#8208;</font></p>

























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; background-color: #cceeff; vertical-align: bottom; border-bottom-width: 1px;" valign="bottom"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; background-color: #cceeff; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">(985,157)</font></p>

























</td>























</tr>
<tr style="height: 16px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; border-bottom-width: 1px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><font style="font-weight: bold; line-height: inherit;">Net amount</font> <font style="font-weight: bold; line-height: inherit;">as of</font><font style="font-weight: bold; line-height: inherit;"> March 31, 2024</font></font></p>

























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">942,617</font></p>

























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; vertical-align: bottom; border-bottom-width: 1px;" valign="bottom"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">661,602</font></p>

























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; vertical-align: bottom; border-bottom-width: 1px;" valign="bottom"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">65,358</font></p>

























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; vertical-align: bottom; border-bottom-width: 1px;" valign="bottom"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">61,355</font></p>

























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; vertical-align: bottom; border-bottom-width: 1px;" valign="bottom"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">101,659</font></p>

























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; vertical-align: bottom; border-bottom-width: 1px;" valign="bottom"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">9,467</font></p>

























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; vertical-align: bottom; border-bottom-width: 1px;" valign="bottom"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">30,025</font></p>

























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; vertical-align: bottom; border-bottom-width: 1px;" valign="bottom"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">1,872,083</font></p>

























</td>























</tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff; border-bottom-width: 1px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><font style="font-weight: bold; line-height: inherit;">Net amount</font> <font style="font-weight: bold; line-height: inherit;">as of</font><font style="font-weight: bold; line-height: inherit;"> December 31, 2023</font></font></p>

























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; background-color: #cceeff; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><font style="font-weight: bold; line-height: inherit;">94</font><font style="font-weight: bold; line-height: inherit;">3</font><font style="font-weight: bold; line-height: inherit;">,</font><font style="font-weight: bold; line-height: inherit;">125</font></font></p>

























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; background-color: #cceeff; vertical-align: bottom; border-bottom-width: 1px;" valign="bottom"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; background-color: #cceeff; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><font style="font-weight: bold; line-height: inherit;">676</font><font style="font-weight: bold; line-height: inherit;">,</font><font style="font-weight: bold; line-height: inherit;">828</font></font></p>

























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; background-color: #cceeff; vertical-align: bottom; border-bottom-width: 1px;" valign="bottom"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; background-color: #cceeff; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">49,029</font></p>

























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; background-color: #cceeff; vertical-align: bottom; border-bottom-width: 1px;" valign="bottom"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; background-color: #cceeff; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">62,303</font></p>

























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; background-color: #cceeff; vertical-align: bottom; border-bottom-width: 1px;" valign="bottom"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; background-color: #cceeff; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><font style="font-weight: bold; line-height: inherit;">10</font><font style="font-weight: bold; line-height: inherit;">2</font><font style="font-weight: bold; line-height: inherit;">,</font><font style="font-weight: bold; line-height: inherit;">029</font></font></p>

























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; background-color: #cceeff; vertical-align: bottom; border-bottom-width: 1px;" valign="bottom"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; background-color: #cceeff; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><font style="font-weight: bold; line-height: inherit;">9,</font><font style="font-weight: bold; line-height: inherit;">893</font></font></p>

























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; background-color: #cceeff; vertical-align: bottom; border-bottom-width: 1px;" valign="bottom"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; background-color: #cceeff; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">710,710</font></p>

























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; background-color: #cceeff; vertical-align: bottom; border-bottom-width: 1px;" valign="bottom"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 16px; background-color: #cceeff; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><font style="font-weight: bold; line-height: inherit;">2</font><font style="font-weight: bold; line-height: inherit;">,</font><font style="font-weight: bold; line-height: inherit;">553</font><font style="font-weight: bold; line-height: inherit;">,</font><font style="font-weight: bold; line-height: inherit;">917</font></font></p>

























</td>























</tr>

















































</table>
<p style="margin: 0px; text-indent: 0px;"><br></p>
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">(i) Refers to R$ 4,882 transferred from property, plant and equipment.</font></p>



















</div>


















</div>


















</div>


















</div>
<div style="line-height: 1.2;">
<p style="margin: 0pt;">&nbsp;</p>
<div>
<table style="width: 100%; font-family: 'times new roman'; font-size: 10pt;">

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

























</tr>



















































</table>
<hr class="horizontalLineRemoved" style="border-bottom-color: #000000; border-top-color: #000000; color: #000000; background-color: #000000;"></hr>
<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div>
<div style="width: 8.5in; margin: 0 auto;">
<div style="line-height: 1.2;">
<div>
<table style="font-size: 10pt; width: 100%; height: 30px; border-collapse: collapse; font-family: 'times new roman'; margin: 0px; text-indent: 0px;">

<tr style="height: 10px;">
<td style="height: 10px; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times; font-size: 12pt; font-weight: bold; float: none; line-height: inherit; display: inline !important;">Ultrapar Participa&#231;&#245;es S.A. and Subsidiaries</font></td>
<td style="height: 10px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><img src="imgc0dec36d433f45a2aa5c.jpg" style="float: right;" alt="Graphics"></font></td>



























</tr>
<tr style="height: 10px;">
<td style="height: 10px;">
<p style="margin: 2pt 0in 0in; text-align: justify; font-size: 11pt; font-family: 'Times New Roman', serif;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">
















<b style="mso-bidi-font-weight: normal;">Notes to the interim financial information</b>


</font></p>



























</td>
<td style="height: 10px;"><br></td>



























</tr>
<tr style="height: 10px;">
<td style="font-size: 10pt; height: 10px; width: 75%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000080 !important;">
<p style="margin: 2pt 0in 0.0001pt; text-align: justify; font-size: 11pt; font-family: 'Times New Roman', 'serif';"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><b style="mso-bidi-font-weight: normal;">For the period ended March 31, 2024</b></font><b><font style="font-size: 9pt; font-family: Arial, 'sans-serif'; line-height: inherit;"></font></b></p>



























</td>
<td style="height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000080 !important;"><br></td>



























</tr>























































</table>
<p style="margin: 0pt; text-align: left; line-height: 1.2;"><br></p>























</div>























</div>
<div style="line-height: 1.2;">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: justify; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><font style="font-style: italic; font-weight: bold; line-height: inherit;">a. </font><font style="font-weight: bold; line-height: inherit;">Goodwill</font></font></p>
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">The remaining net balance of goodwill on the following acquisitions is assessed for impairment annually or more frequently when there is indication that the goodwill might be impaired. .</font></p>
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<table cellspacing="0" cellpadding="0" style="height: 212px; border-collapse: collapse; margin-left: 0px; font-family: 'times new roman'; font-size: 10pt; width: 100%;" width="100%">

<tr style="height: 16px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">&nbsp;</font></p>

























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">Segment</font></p>

























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">03/31/2024</font></p>

























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; border-bottom-width: 1px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>

























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">12/31/2023</font></p>

























</td>























</tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px; width: 69%; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Goodwill on the acquisition of:</font></p>

























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px; width: 10%; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>

























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px; width: 10%; background-color: #cceeff; border-bottom-width: 1px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>

























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px; width: 1%; background-color: #cceeff; border-bottom-width: 1px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>

























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px; width: 10%; background-color: #cceeff; border-bottom-width: 1px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>

























</td>























</tr>
<tr style="height: 16px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Ipiranga<font style="font-size: 8pt; line-height: inherit;"><sup> (i)</sup></font></font></p>

























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Ipiranga</font></p>

























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; border-bottom-width: 1px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">276,724</font></p>

























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; border-bottom-width: 1px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>

























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; border-bottom-width: 1px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">276,724</font></p>

























</td>























</tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Uni&#227;o Terminais</font></p>

























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Ultracargo</font></p>

























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff; border-bottom-width: 1px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">211,089</font></p>

























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff; border-bottom-width: 1px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>

























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff; border-bottom-width: 1px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">211,089</font></p>

























</td>























</tr>
<tr style="height: 16px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Texaco</font></p>

























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Ipiranga</font></p>

























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; border-bottom-width: 1px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">177,759</font></p>

























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; border-bottom-width: 1px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>

























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; border-bottom-width: 1px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">177,759</font></p>

























</td>























</tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Iconic (CBLSA)</font></p>

























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Ipiranga</font></p>

























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff; border-bottom-width: 1px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">69,807</font></p>

























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff; border-bottom-width: 1px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>

























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff; border-bottom-width: 1px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">69,807</font></p>

























</td>























</tr>
<tr style="height: 16px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Temmar</font></p>

























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Ultracargo</font></p>

























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; border-bottom-width: 1px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">43,781</font></p>

























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; border-bottom-width: 1px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>

























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; border-bottom-width: 1px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">43,781</font></p>

























</td>























</tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">DNP</font></p>

























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Ipiranga</font></p>

























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px; background-color: #cceeff; border-bottom-width: 1px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">24,736</font></p>

























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px; background-color: #cceeff; border-bottom-width: 1px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>

























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px; background-color: #cceeff; border-bottom-width: 1px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">24,736</font></p>

























</td>























</tr>
<tr style="height: 16px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Repsol</font></p>

























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Ultragaz</font></p>

























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; border-bottom-width: 1px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">13,403</font></p>

























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; border-bottom-width: 1px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>

























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; border-bottom-width: 1px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">13,403</font></p>

























</td>























</tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Neogas</font></p>

























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Ultragaz</font></p>

























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff; border-bottom-width: 1px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">7,761</font></p>

























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff; border-bottom-width: 1px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>

























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff; border-bottom-width: 1px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">7,761</font></p>

























</td>























</tr>
<tr style="height: 16px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Stella </font></p>

























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Ultragaz</font></p>

























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; border-bottom-width: 1px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">103,051</font></p>

























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; border-bottom-width: 1px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>

























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; border-bottom-width: 1px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">103,051</font></p>

























</td>























</tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Serra Diesel</font></p>

























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Ultrapar</font></p>

























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff; border-bottom-width: 1px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">13,843</font></p>

























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff; border-bottom-width: 1px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>

























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff; border-bottom-width: 1px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">14,217</font></p>

























</td>























</tr>
<tr style="height: 16px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">TEAS <font style="font-size: 8pt; line-height: inherit;"><sup>(ii)</sup></font></font></p>

























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Ultracargo</font></p>

























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">797</font></p>

























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; border-bottom-width: 1px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>

























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">797</font></p>

























</td>























</tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>

























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>

























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">942,751</font></p>

























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff; border-bottom-width: 1px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>

























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">943,125</font></p>

























</td>























</tr>

















































</table>
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">(i) Including R$ 246,163 presented as goodwill at the Parent.</font></p>
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">(ii) On April 27, 2023, the Company was merged into Ultracargo Log&#237;stica S.A.</font></p>
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Goodwill presented above are based on the expectation of future profitability, supported by appraisal reports, after allocation of the identified assets. In the three-month period ended March 31, 2024, the Company did not identify any event that indicated the need to carry out an impairment test of the intangible asset.</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: justify; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">b. Acquisition and provision for decarbonization credits (Consolidated)</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">The Company, through its subsidiary Ipiranga, has annual decarbonization obligation adopted by Brazilian National Biofuels Policy (&#8220;RenovaBio&#8221;), implemented by Law No. 13,576/2017, with additional regulations established by Decree No. 9,888/2019 and Ordinance No. 419 of November 20, 2019 issued by the Brazilian Ministry of Mines and Energy. </font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">The decarbonization credits (&#8220;CBIOS&#8221;) acquired are recorded at historical cost in intangible assets, being retired according to decree in the year to fulfill the individual target set by the National Agency of Petroleum, Natural Gas and Biofuels (&#8220;ANP&#8221;). The Company reached the 2023 retirement target in March 2024, in accordance with Decree No. 11,499/2023 was published, which exceptionally establishes the deadline for retirement of decarbonization credits until March 2024 to meet the 2023 target.</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">The acquisition obligation is recorded under &#8220;Provision for decarbonization credits&#8221; with a corresponding entry in Other operating income (expenses), in proportion to the annual targets established by the ANP, based on the average acquisition cost of the credits acquired and the fair value of the credits traded on B3 on the closing date for the credits to be acquired. The provision is realized when credits are retired.</font></p>



















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<div style="line-height: 1.2;">
<p style="margin: 0pt; text-align: right;"><br></p>
<div>
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<td class="pgno" style="padding: 0px; text-align: center;"><font style="font-size: 10pt; line-height: inherit;" class="pageno"><font class='pageno'>46</font></font></td>

























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<hr class="horizontalLineRemoved" style="border-bottom-color: #000000; border-top-color: #000000; color: #000000; background-color: #000000;"></hr>
<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div>
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<td style="height: 10px; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times; font-size: 12pt; font-weight: bold; float: none; line-height: inherit; display: inline !important;">Ultrapar Participa&#231;&#245;es S.A. and Subsidiaries</font></td>
<td style="height: 10px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><img src="imgc0dec36d433f45a2aa5c.jpg" style="float: right;" alt="Graphics"></font></td>



























</tr>
<tr style="height: 10px;">
<td style="height: 10px;">
<p style="margin: 2pt 0in 0in; text-align: justify; font-size: 11pt; font-family: 'Times New Roman', serif;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">
















<b style="mso-bidi-font-weight: normal;">Notes to the interim financial information</b>


</font></p>



























</td>
<td style="height: 10px;"><br></td>



























</tr>
<tr style="height: 10px;">
<td style="font-size: 10pt; height: 10px; width: 75%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000080 !important;">
<p style="margin: 2pt 0in 0.0001pt; text-align: justify; font-size: 11pt; font-family: 'Times New Roman', 'serif';"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><b style="mso-bidi-font-weight: normal;">For the period ended March 31, 2024</b></font><b><font style="font-size: 9pt; font-family: Arial, 'sans-serif'; line-height: inherit;"></font></b></p>



























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<td style="height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000080 !important;"><br></td>



























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</div><div style="font-family: 'times new roman', times; font-size: 10pt;">
<div>
<div style="margin: 0pt; break-after: avoid; break-inside: avoid; text-align: justify; line-height: 1.2;">
<div style="width: 8.5in; margin: 0 auto;">
<div style="background-color: #002060; margin: 0pt; break-after: avoid; break-inside: avoid; text-align: justify; line-height: 1.2;"><a style="text-decoration: none; color: #000000; cursor: default; outline: none; pointer-events: none;" href="#TOC" name="Ba16_342024144653131" class="customBookmark"><font style="color: #ffffff; font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">15. Loans, financing, debentures and derivative financial instruments</font></a></div>
<p style="margin: 0pt; break-after: avoid; break-inside: avoid; line-height: 1.2;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; break-after: avoid; break-inside: avoid; line-height: 1.2;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">a. Composition</font></p>
<p style="margin: 0pt; break-after: avoid; break-inside: avoid; line-height: 1.2;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<table cellspacing="0" cellpadding="0" style="height: 441px; border-collapse: collapse; margin: 0px; font-family: 'times new roman'; font-size: 10pt; width: 100%; text-indent: 0px;" width="100%">

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<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">&nbsp;</font></p>


























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">&nbsp;</font></p>


























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">&nbsp;</font></p>


























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">&nbsp;</font></p>


























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">&nbsp;</font></p>


























</td>
<td colspan="3" style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; border-bottom: 1pt solid #000000;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">Consolidated</font></p>


























</td>






















</tr>
<tr style="height: 10px;">
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">Description</font></p>


























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">Index/Currency</font></p>


























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"><font style="font-weight: bold; line-height: inherit;">Weighted average financial charges 2024</font><font style="font-weight: bold; line-height: inherit;"> (p.a)</font></font></p>


























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">Maturity</font></p>


























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>


























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">03/31/2024</font></p>


























</td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>


























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">12/31/2023</font></p>


























</td>






















</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; width: 50%; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Foreign currency:</font></p>


























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; width: 8%; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; width: 10%; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; width: 10%; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; width: 1%; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; width: 10%; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


























</td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; width: 1%; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; width: 10%; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


























</td>






















</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt 0pt 0pt 11pt; break-after: avoid; break-inside: avoid; text-indent: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Notes in the foreign market</font></p>


























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">USD</font></p>


























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">5.25%</font></p>


























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">2026 and 2029</font></p>


























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">3,844,502</font></p>


























</td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">3,694,339</font></p>


























</td>






















</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt 0pt 0pt 11pt; break-after: avoid; break-inside: avoid; text-indent: 0pt; font-family: 'times new roman', times;"><font style="font-family: 'times new roman', times; font-size: 10pt; break-after: avoid; break-inside: avoid;">Foreign loan (e)</font></p>


























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">USD </font></p>


























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">4.81%</font></p>


























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">2024 and 2025</font></p>


























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">1,035,773</font></p>


























</td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">1,018,429</font></p>


























</td>






















</tr>
<tr style="height: 10px;">
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt 0pt 0pt 11pt; break-after: avoid; break-inside: avoid; text-indent: 0pt; font-family: 'times new roman', times;"><font style="font-family: 'times new roman', times; font-size: 10pt; break-after: avoid; break-inside: avoid;">Foreign loan (e)</font></p>


























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">JPY</font></p>


























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">1.31%</font></p>


























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">2024 and 2025</font></p>


























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">543,834</font></p>


























</td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">439,852</font></p>


























</td>






















</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; break-after: avoid; break-inside: avoid; font-family: 'times new roman', times;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit; margin: 0pt 0pt 0pt 11pt; text-indent: 0pt;">F<font style="font-family: 'times new roman', times; font-size: 10pt; break-after: avoid; break-inside: avoid;">o</font>reign loan (e)</font></p>


























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">EUR</font></p>


























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">4.40%</font></p>


























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">2024 and 2025</font></p>


























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; border-bottom: 1pt solid #000000; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">655,351</font></p>


























</td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; border-bottom: 1pt solid #000000; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">126,171</font></p>


























</td>






















</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Total in foreign currency</font></p>


























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; border-bottom-width: 2.5pt; border-bottom-style: double; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">6,079,460</font></p>


























</td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; border-bottom-width: 2.5pt; border-bottom-style: double; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">5,278,791</font></p>


























</td>






















</tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


























</td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


























</td>






















</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Brazilian Reais:</font></p>


























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


























</td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


























</td>






















</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt 0pt 0pt 11pt; break-after: avoid; break-inside: avoid; text-indent: 0pt; font-family: 'times new roman', times;"><font style="font-family: 'times new roman', times; font-size: 10pt; break-after: avoid; break-inside: avoid;">Debentures &#8211; CRA (d)</font></p>


























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">IPCA+</font></p>


























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">5.12%</font></p>


























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">2024 to 2032</font></p>


























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">3,453,944</font></p>


























</td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">3,434,287</font></p>


























</td>






















</tr>
<tr style="height: 10px;">
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt 0pt 0pt 11pt; break-after: avoid; break-inside: avoid; text-indent: 0pt; font-family: 'times new roman', times;"><font style="font-family: 'times new roman', times; font-size: 10pt; break-after: avoid; break-inside: avoid;">Debentures - Ultracargo Log&#237;stica and Ultracargo Solu&#231;&#245;es Log&#237;sticas S.A. (d)</font></p>


























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">IPCA+</font></p>


























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">4.11%</font></p>


























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">2028</font></p>


























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">556,819</font></p>


























</td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">556,677</font></p>


























</td>






















</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt 0pt 0pt 11pt; break-after: avoid; break-inside: avoid; text-indent: 0pt; font-family: 'times new roman', times;"><font style="font-family: 'times new roman', times; font-size: 10pt; break-after: avoid; break-inside: avoid;">CCB (f)</font></p>


























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">%DI</font></p>


























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">108.89%</font></p>


























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">2025</font></p>


























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">1,072,111</font></p>


























</td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">552,407</font></p>


























</td>






















</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt 0pt 0pt 11pt; break-after: avoid; break-inside: avoid; text-indent: 0pt; font-family: 'times new roman', times;"><font style="font-family: 'times new roman', times; font-size: 10pt; break-after: avoid; break-inside: avoid;">Debentures &#8211; CRA (d)</font></p>


























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Fixed rate</font></p>


























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">11.17%</font></p>


























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">2027</font></p>


























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">533,285</font></p>


























</td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">539,914</font></p>


























</td>






















</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt 0pt 0pt 11pt; break-after: avoid; break-inside: avoid; text-indent: 0pt; font-family: 'times new roman', times;"><font style="font-family: 'times new roman', times; font-size: 10pt; break-after: avoid; break-inside: avoid;">Debentures &#8211; CRA (d)</font></p>


























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">DI+</font></p>


























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">0.70%</font></p>


























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">2027</font></p>


























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">488,454</font></p>


























</td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">488,269</font></p>


























</td>






















</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt 0pt 0pt 11pt; break-after: avoid; break-inside: avoid; text-indent: 0pt; font-family: 'times new roman', times;"><font style="font-family: 'times new roman', times; font-size: 10pt; break-after: avoid; break-inside: avoid;">CDCA</font></p>


























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">%DI</font></p>


























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">108.43%</font></p>


























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">2024 and 2025</font></p>


























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">283,408</font></p>


























</td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">201,848</font></p>


























</td>






















</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt 0pt 0pt 11pt; break-after: avoid; break-inside: avoid; text-indent: 0pt; font-family: 'times new roman', times;"><font style="font-family: 'times new roman', times; font-size: 10pt; break-after: avoid; break-inside: avoid;">Debentures &#8211; Ultracargo (d)</font></p>


























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Fixed rate</font></p>


























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">6.47%</font></p>


























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">2024</font></p>


























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">90,044</font></p>


























</td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">87,826</font></p>


























</td>






















</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt 0pt 0pt 11pt; break-after: avoid; break-inside: avoid; text-indent: 0pt; font-family: 'times new roman', times;"><font style="font-family: 'times new roman', times; font-size: 10pt; break-after: avoid; break-inside: avoid;">FINEP</font></p>


























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">TJLP (1)</font></p>


























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">1.00%</font></p>


























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">2024 to 2026</font></p>


























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; border-bottom: 1pt solid #000000; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">1,118</font></p>


























</td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; border-bottom: 1pt solid #000000; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">1,264</font></p>


























</td>






















</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Total in Brazilian Reais</font></p>


























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; background-color: #cceeff; border-bottom-width: 2.5pt; border-bottom-style: double; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 6,479,183</font></p>


























</td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; background-color: #cceeff; border-bottom-width: 2.5pt; border-bottom-style: double; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">5,862,492</font></p>


























</td>






















</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt 0pt 0pt 20pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt 0pt 0pt 20pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt 0pt 0pt 20pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt 0pt 0pt 20pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


























</td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


























</td>






















</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Total in foreign currency and Brazilian Reais</font></p>


























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; background-color: #cceeff; border-bottom-width: 2.5pt; border-bottom-style: double; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">12,558,643</font></p>


























</td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; background-color: #cceeff; border-bottom-width: 2.5pt; border-bottom-style: double; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">11,141,283</font></p>


























</td>






















</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt 0pt 0pt 20pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt 0pt 0pt 20pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt 0pt 0pt 20pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt 0pt 0pt 20pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


























</td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


























</td>






















</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Derivative financial instruments <sup>(*)</sup></font></p>


























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; border-bottom: 1pt solid #000000; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">399,152</font></p>


























</td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; border-bottom: 1pt solid #000000; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">626,734</font></p>


























</td>






















</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt 0pt 0pt 20pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt 0pt 0pt 20pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt 0pt 0pt 20pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt 0pt 0pt 20pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


























</td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


























</td>






















</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Total </font></p>


























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt 0pt 0pt 20pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt 0pt 0pt 20pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt 0pt 0pt 20pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; background-color: #cceeff; border-bottom-width: 2.5pt; border-bottom-style: double; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">12,957,795</font></p>


























</td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; background-color: #cceeff; border-bottom-width: 2.5pt; border-bottom-style: double; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">11,768,017</font></p>


























</td>






















</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt 0pt 0pt 20pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


























</td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt 0pt 0pt 20pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


























</td>






















</tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Current</font></p>


























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">3,773,195</font></p>


























</td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


























</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">1,993,254</font></p>


























</td>






















</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Non-current </font></p>


























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">9,184,600</font></p>


























</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 17px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">9,774,763</font></p>


























</td>






















</tr>

















































</table>
<p style="margin: 0pt; break-after: avoid; break-inside: avoid; line-height: 1.2;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; break-after: avoid; break-inside: avoid; text-align: justify; line-height: 1.2;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">(*) Accumulated losses (see Note 26.h). </font></p>
<p style="margin: 0pt; break-after: avoid; break-inside: avoid; text-align: justify; line-height: 1.2;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<table style="width: 100%; margin: 0px; height: 17px; text-indent: 0px; font-family: 'times new roman'; font-size: 10pt;">

<tr style="height: 17px;">
<td style="width: 3%; height: 17px; vertical-align: top;" 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: -28.3333px; 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;">1)</font></td>
<td style="width: 97%; height: 17px;">
<p style="margin: 0px; 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-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; break-after: avoid; break-inside: avoid; text-indent: 0px; line-height: 1.2;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">TJLP (Long-term Interest Rate) = set by the National Monetary Council, the TJLP is the basic financing cost of Banco Nacional de Desenvolvimento Econ&#244;mico e Social (&#8220;BNDES&#8221;), the Brazilian Development Bank. As of March 31, 2024, TJLP was fixed at 6.53% p.a.</font></p>















</td>















</tr>































</table>














</div>














<font style="font-size: 10pt; background-color: #ffffff; line-height: inherit;"><font style="font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; font-kerning: auto; font-optical-sizing: auto; font-feature-settings: normal; font-variation-settings: normal; font-stretch: normal; line-height: inherit;">&nbsp; &nbsp; &nbsp; &nbsp;&nbsp;</font></font><font style="font-size: 10pt; background-color: #ffffff; text-indent: -36pt;">&nbsp;</font><br></div>
<div>
<table style="width: 100%; font-family: 'times new roman'; font-size: 10pt;">

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
























</tr>

















































</table>
<hr class="horizontalLineRemoved" style="border-bottom-color: #000000; border-top-color: #000000; color: #000000; background-color: #000000;"></hr>
<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div>
<div style="width: 8.5in; margin: 0 auto;">
<div>
<div>
<table style="font-size: 10pt; width: 100%; height: 30px; border-collapse: collapse; font-family: 'times new roman';">

<tr style="height: 10px;">
<td style="height: 10px; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times; font-size: 12pt; font-weight: bold; float: none; line-height: inherit; display: inline !important;">Ultrapar Participa&#231;&#245;es S.A. and Subsidiaries</font></td>
<td style="height: 10px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><img src="imgc0dec36d433f45a2aa5c.jpg" style="float: right;" alt="Graphics"></font></td>


























</tr>
<tr style="height: 10px;">
<td style="height: 10px;">
<p style="margin: 2pt 0in 0in; text-align: justify; font-size: 11pt; font-family: 'Times New Roman', serif;"><font style="font-family: 'times new roman', times; font-size: 10pt;">
















<b style="mso-bidi-font-weight: normal;">Notes to the interim financial information</b>


</font></p>


























</td>
<td style="height: 10px;"><br></td>


























</tr>
<tr style="height: 10px;">
<td style="font-size: 10pt; height: 10px; width: 75%; border-bottom-width: 1.5pt; border-bottom-style: solid; border-bottom-color: #000080 !important;">
<p style="margin: 2pt 0in 0.0001pt; text-align: justify; font-size: 11pt; font-family: 'Times New Roman', 'serif';"><font style="font-family: 'times new roman', times; font-size: 10pt;"><b style="mso-bidi-font-weight: normal;">For the period ended March 31, 2024</b></font><b><font style="font-size: 9.0pt; font-family: 'Arial','sans-serif';"></font></b></p>


























</td>
<td style="height: 10px; border-bottom-width: 1.5pt; border-bottom-style: solid; border-bottom-color: #000080 !important;"><br></td>


























</tr>





















































</table>
<p style="margin: 0pt; text-align: left; line-height: 1.2;"><br></p>






















</div>
<p style="margin: 0pt; break-after: avoid; break-inside: avoid; text-align: justify; line-height: 1.2;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">The changes in loans, financing, debentures and derivative financial instruments are shown below:</font></p>
<p style="margin: 0pt 0pt 0pt 18pt; break-after: avoid; break-inside: avoid; line-height: 1.2;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<table cellspacing="0" cellpadding="0" style="border-collapse: collapse; margin-left: 0pt; font-family: 'times new roman'; font-size: 10pt; height: 170px; width: 100%;" width="100%">

<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">&nbsp;</font></p>


























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">&nbsp;</font></p>


























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">Consolidated</font></p>


























</td>


























</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 89%; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">Balance as of December 31, 2023</font></p>


























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 1%; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>


























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 10%; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">11,768,017</font></p>


























</td>


























</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Proceeds</font></p>


























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">1,348,933</font></p>


























</td>


























</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Interest accrued</font></p>


























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">167,820</font></p>


























</td>


























</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Principal payment</font></p>


























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">(136,596)</font></p>


























</td>


























</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Interest payment</font></p>


























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">(104,231)</font></p>


























</td>


























</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Monetary and exchange rate variations</font></p>


























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">215,600</font></p>


























</td>


























</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Change in fair value</font></p>


























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">(74,166)</font></p>


























</td>


























</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Hedge result</font></p>


























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">(227,582)</font></p>


























</td>


























</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">Balance as of March 31, 2024</font></p>


























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>


























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; border-bottom: 1pt solid #000000; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">12,957,795</font></p>


























</td>


























</tr>





















































</table>
<p style="margin: 0pt; line-height: 1.2;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; break-after: avoid; break-inside: avoid; line-height: 1.2;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">The long-term debt had the following principal maturity schedule:</font></p>
<p style="margin: 0pt; break-after: avoid; break-inside: avoid; line-height: 1.2;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<table cellspacing="0" cellpadding="0" style="border-collapse: collapse; margin-left: 0pt; font-family: 'times new roman'; font-size: 10pt; height: 137px; width: 100%;" width="100%">

<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>


























</td>
<td colspan="3" style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom: 1pt solid #000000; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">Consolidated</font></p>


























</td>






















</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>


























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom: 1pt solid #000000; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">03/31/2024</font></p>


























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>


























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom: 1pt solid #000000; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">12/31/2023</font></p>


























</td>






















</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 78%; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">1 to 2 years</font></p>


























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 1%; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 10%; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">1,319,916</font></p>


























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 1%; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 10%; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">1,879,412</font></p>


























</td>






















</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">2 to 3 years</font></p>


























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">2,141,448</font></p>


























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">2,243,967</font></p>


























</td>






















</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">3 to 4 years</font></p>


























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">1,580,048</font></p>


























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">1,023,820</font></p>


























</td>






















</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">4 to 5 years</font></p>


























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">1,148,073</font></p>


























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">1,691,595</font></p>


























</td>






















</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">More than 5 years</font></p>


























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom: 1pt solid #000000; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">2,995,115</font></p>


























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom: 1pt solid #000000; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">2,935,969</font></p>


























</td>






















</tr>
<tr style="height: 18px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 18px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 18px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 18px; border-bottom-width: 2.5pt; border-bottom-style: double; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">9,184,600</font></p>


























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 18px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 18px; border-bottom-width: 2.5pt; border-bottom-style: double; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">9,774,763</font></p>


























</td>






















</tr>

















































</table>
<p style="margin: 12pt 0pt 0pt; break-after: avoid; break-inside: avoid; text-align: justify; line-height: 1.2;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">b. Transaction costs</font></p>
<p style="margin: 0pt; break-after: avoid; break-inside: avoid; text-align: justify; line-height: 1.2;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; break-after: avoid; break-inside: avoid; text-align: justify; line-height: 1.2;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">The transaction costs and issuance premiums associated with debt issuance were added to their financial liabilities.</font></p>
<p style="margin: 0pt; break-after: avoid; break-inside: avoid; text-align: justify; line-height: 1.2;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; break-after: avoid; break-inside: avoid; text-align: justify; line-height: 1.2;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">The Company&#8217;s Management entered into hedging instruments against foreign exchange and interest rate variations for a portion of its debts (see Note 26.i).</font></p>
<p style="margin: 0pt; break-after: avoid; break-inside: avoid; line-height: 1.2;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>






















</div>
<div style="line-height: 1.2;">
<table cellspacing="0" cellpadding="0" style="border-collapse: collapse; margin-left: 0pt; font-family: 'times new roman'; font-size: 10pt; height: 112px; width: 100%;" width="100%">

<tr style="height: 16px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px; width: 78.9688%;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">&nbsp;</font></p>


























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; width: 9.97286%; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">Debentures</font></p>


























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px; width: 1.01764%;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">&nbsp;</font></p>


























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; width: 9.97286%; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">Notes in the foreign market</font></p>


























</td>


























</tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px; width: 78.9688%; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">12/31/2022</font></p>


























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px; width: 9.97286%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">68,168</font></p>


























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px; width: 1.01764%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>


























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px; width: 9.97286%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">12,405</font></p>


























</td>


























</tr>
<tr style="height: 16px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px; width: 78.9688%;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Additions</font></p>


























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px; width: 9.97286%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">23,569</font></p>


























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px; width: 1.01764%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px; width: 9.97286%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208;</font></p>


























</td>


























</tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px; width: 78.9688%; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Amortization</font></p>


























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px; width: 9.97286%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">(17,337)</font></p>


























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px; width: 1.01764%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px; width: 9.97286%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">(2,289)</font></p>


























</td>


























</tr>
<tr style="height: 16px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px; width: 78.9688%;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">12/31/2023</font></p>


























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px; width: 9.97286%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">74,400</font></p>


























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px; width: 1.01764%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>


























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px; width: 9.97286%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">10,116</font></p>


























</td>


























</tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px; width: 78.9688%; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Amortization</font></p>


























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px; width: 9.97286%; border-bottom: 1pt solid #000000; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">(4,149)</font></p>


























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px; width: 1.01764%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px; width: 9.97286%; border-bottom: 1pt solid #000000; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">(571)</font></p>


























</td>


























</tr>
<tr style="height: 16px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px; width: 78.9688%;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">03/31/2024</font></p>


























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px; width: 9.97286%; border-bottom-width: 2.5pt; border-bottom-style: double; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">70,251</font></p>


























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px; width: 1.01764%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>


























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px; width: 9.97286%; border-bottom-width: 2.5pt; border-bottom-style: double; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">9,545</font></p>


























</td>


























</tr>





















































</table>
<p style="margin: 2pt 0pt 0pt; text-align: justify;"><br></p>















</div>














</div>














</div>














</div>
<div style="line-height: 1.2;">
<div>
<table style="width: 100%; font-family: 'times new roman'; font-size: 10pt;">

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
























</tr>

















































</table>
<hr class="horizontalLineRemoved" style="border-bottom-color: #000000; border-top-color: #000000; color: #000000; background-color: #000000;"></hr>
<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div>
<div style="width: 8.5in; margin: 0 auto;">
<div style="line-height: 1.2;">
<div>
<table style="font-size: 10pt; width: 100%; height: 30px; border-collapse: collapse; font-family: 'times new roman'; margin: 0px; text-indent: 0px;">

<tr style="height: 10px;">
<td style="height: 10px; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times; font-size: 12pt; font-weight: bold; float: none; line-height: inherit; display: inline !important;">Ultrapar Participa&#231;&#245;es S.A. and Subsidiaries</font></td>
<td style="height: 10px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><img src="imgc0dec36d433f45a2aa5c.jpg" style="float: right;" alt="Graphics"></font></td>


























</tr>
<tr style="height: 10px;">
<td style="height: 10px;">
<p style="margin: 2pt 0in 0in; text-align: justify; font-size: 11pt; font-family: 'Times New Roman', serif;"><font style="font-family: 'times new roman', times; font-size: 10pt;">
















<b style="mso-bidi-font-weight: normal;">Notes to the interim financial information</b>


</font></p>


























</td>
<td style="height: 10px;"><br></td>


























</tr>
<tr style="height: 10px;">
<td style="font-size: 10pt; height: 10px; width: 75%; border-bottom-width: 1.5pt; border-bottom-style: solid; border-bottom-color: #000080 !important;">
<p style="margin: 2pt 0in 0.0001pt; text-align: justify; font-size: 11pt; font-family: 'Times New Roman', 'serif';"><font style="font-family: 'times new roman', times; font-size: 10pt;"><b style="mso-bidi-font-weight: normal;">For the period ended March 31, 2024</b></font><b><font style="font-size: 9.0pt; font-family: 'Arial','sans-serif';"></font></b></p>


























</td>
<td style="height: 10px; border-bottom-width: 1.5pt; border-bottom-style: solid; border-bottom-color: #000080 !important;"><br></td>


























</tr>





















































</table>
<p style="margin: 0pt; text-align: left; line-height: 1.2;"><br></p>






















</div>
<p style="margin: 2pt 0pt 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">The amount to be appropriated to profit or loss in the future is as follows:</font></p>
<p style="margin: 2pt 0pt 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<table cellspacing="0" cellpadding="0" style="border-collapse: collapse; margin-left: 0pt; font-family: 'times new roman'; font-size: 10pt;" width="100%">

<tr style="height: 1pt;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>


























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">03/31/2024</font></p>


























</td>


























</tr>
<tr style="height: 1pt; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 90%; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Up to 1 year</font></p>


























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 10%; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">18,219</font></p>


























</td>


























</tr>
<tr style="height: 1pt;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">1 to 2 years</font></p>


























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">17,648</font></p>


























</td>


























</tr>
<tr style="height: 1pt; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">2 to 3 years</font></p>


























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">17,136</font></p>


























</td>


























</tr>
<tr style="height: 1pt;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">3 to 4 years</font></p>


























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">12,117</font></p>


























</td>


























</tr>
<tr style="height: 1pt; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">4 to 5 years</font></p>


























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">6,857</font></p>


























</td>


























</tr>
<tr style="height: 1pt;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">More than 5 years</font></p>


























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">7,819</font></p>


























</td>


























</tr>
<tr style="height: 1pt; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Total</font></p>


























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; border-bottom-width: 2.5pt; border-bottom-style: double; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">79,796</font></p>


























</td>


























</tr>





















































</table>
<p style="margin: 0pt; text-align: right;"><br></p>






















</div>
<div style="line-height: 1.2;">
<p style="break-after: avoid; break-inside: avoid; text-align: justify; margin: 0pt; text-indent: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">c. Guarantees</font></p>
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: justify; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;&nbsp;</font></p>
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">The financing does not have collateral as of March 31, 2024 and December 31, 2023 and has guarantees and promissory notes in the amount of R$ 12,379,572 as of March 31, 2024 (R$ 10,966,890 as of December 31, 2023).</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">The Company and its subsidiaries offer collateral in the form of letters of guarantee for commercial and legal proceedings in the amount of R$ 104,215 as of March 31, 2024 (R$ 103,600 as of December 31, 2023). &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;  </font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">The subsidiary Ipiranga issues collateral to financial institutions in connection with the amounts payable by some of its customers to such institutions, with maximum future settlements related to these guarantees on the amount of R$ 350,282 (R$ 397,152 as of December 31, 2023). If the subsidiary Ipiranga is required to make any payment under these collateral arrangements, this subsidiary may recover the amount paid directly from its customers through commercial collection. Until March 31, 2024, the subsidiary Ipiranga did not have losses in connection with these collateral arrangements.</font></p>















</div>














</div>














</div>














</div>
<div style="line-height: 1.2;">
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;">&nbsp;</p>
<div>
<table style="width: 100%; font-family: 'times new roman'; font-size: 10pt;">

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
























</tr>

















































</table>
<hr class="horizontalLineRemoved" style="border-bottom-color: #000000; border-top-color: #000000; color: #000000; background-color: #000000;"></hr>
<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div>
<div style="width: 8.5in; margin: 0 auto;">
<div style="line-height: 1.2;">
<div>
<table style="font-size: 10pt; width: 100%; height: 30px; border-collapse: collapse; font-family: 'times new roman'; margin: 0px; text-indent: 0px;">

<tr style="height: 10px;">
<td style="height: 10px; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times; font-size: 12pt; font-weight: bold; float: none; line-height: inherit; display: inline !important;">Ultrapar Participa&#231;&#245;es S.A. and Subsidiaries</font></td>
<td style="height: 10px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><img src="imgc0dec36d433f45a2aa5c.jpg" style="float: right;" alt="Graphics"></font></td>


























</tr>
<tr style="height: 10px;">
<td style="height: 10px;">
<p style="margin: 2pt 0in 0in; text-align: justify; font-size: 11pt; font-family: 'Times New Roman', serif;"><font style="font-family: 'times new roman', times; font-size: 10pt;">
















<b style="mso-bidi-font-weight: normal;">Notes to the interim financial information</b>


</font></p>


























</td>
<td style="height: 10px;"><br></td>


























</tr>
<tr style="height: 10px;">
<td style="font-size: 10pt; height: 10px; width: 75%; border-bottom-width: 1.5pt; border-bottom-style: solid; border-bottom-color: #000080 !important;">
<p style="margin: 2pt 0in 0.0001pt; text-align: justify; font-size: 11pt; font-family: 'Times New Roman', 'serif';"><font style="font-family: 'times new roman', times; font-size: 10pt;"><b style="mso-bidi-font-weight: normal;">For the period ended March 31, 2024</b></font><b><font style="font-size: 9.0pt; font-family: 'Arial','sans-serif';"></font></b></p>


























</td>
<td style="height: 10px; border-bottom-width: 1.5pt; border-bottom-style: solid; border-bottom-color: #000080 !important;"><br></td>


























</tr>





















































</table>
<p style="margin: 0pt; text-align: left; line-height: 1.2;"><br></p>






















</div>






















</div>
<div style="line-height: 1.2;">
<p style="margin: 2pt 0pt 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">d. Debentures </font></p>
<p style="margin: 2pt 0pt 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 2pt 0pt 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Refers to funds raised by Company and its subsidiaries used, substantially, on the ordinary course of its business.</font></p>
<p style="margin: 2pt 0pt 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>
<table cellspacing="0" cellpadding="0" style="border-collapse: collapse; margin-left: 0px; font-family: 'times new roman'; font-size: 10pt; width: 100%; height: 204px;" width="100%">

<tr style="height: 16px;">
<td style="border-bottom: 0.75pt solid #000000; padding-left: 3.5pt; padding-right: 3.5pt; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 7pt; font-weight: bold; line-height: inherit;">Issuance date</font></p>


























</td>
<td style="border-bottom: 0.75pt solid #000000; padding-left: 3.5pt; padding-right: 3.5pt; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 7pt; font-weight: bold; line-height: inherit;">Nature</font></p>


























</td>
<td style="border-bottom: 0.75pt solid #000000; padding-left: 3.5pt; padding-right: 3.5pt; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 7pt; font-weight: bold; line-height: inherit;">Company</font></p>


























</td>
<td style="border-bottom: 0.75pt solid #000000; padding-left: 3.5pt; padding-right: 3.5pt; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 7pt; font-weight: bold; line-height: inherit;">Issuing company</font></p>


























</td>
<td style="border-bottom: 0.75pt solid #000000; padding-left: 3.5pt; padding-right: 3.5pt; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 7pt; font-weight: bold; line-height: inherit;">Issuance</font></p>


























</td>
<td style="border-bottom: 0.75pt solid #000000; padding-left: 3.5pt; padding-right: 3.5pt; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 7pt; font-weight: bold; line-height: inherit;">Series</font></p>


























</td>
<td style="border-bottom: 0.75pt solid #000000; padding-left: 3.5pt; padding-right: 3.5pt; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 7pt; font-weight: bold; line-height: inherit;">Final maturity</font></p>


























</td>
<td style="border-bottom: 0.75pt solid #000000; padding-left: 3.5pt; padding-right: 3.5pt; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 7pt; font-weight: bold; line-height: inherit;">Principal</font></p>


























</td>
<td style="border-bottom: 0.75pt solid #000000; padding-left: 3.5pt; padding-right: 3.5pt; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 7pt; font-weight: bold; line-height: inherit;">Original remuneration</font></p>


























</td>
<td style="border-bottom: 0.75pt solid #000000; padding-left: 3.5pt; padding-right: 3.5pt; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 7pt; font-weight: bold; line-height: inherit;">Hedge instrument/swap</font></p>


























</td>
<td style="border-bottom: 0.75pt solid #000000; padding-left: 3.5pt; padding-right: 3.5pt; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 7pt; font-weight: bold; line-height: inherit;">Remuneration payment</font></p>


























</td>
<td style="border-bottom: 0.75pt solid #000000; padding-left: 3.5pt; padding-right: 3.5pt; height: 16px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 7pt; font-weight: bold; line-height: inherit;">Payment of face value</font></p>


























</td>


























</tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 6%; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 7pt; line-height: inherit;">Apr/17</font></p>


























</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 6%; height: 10px; background-color: #cceeff;">
<p style="margin: 2pt 0pt 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 7pt; line-height: inherit;">CRA</font></p>


























</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 15%; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 7pt; line-height: inherit;">Ipiranga Prod. De Petr&#243;leo S.A.</font></p>


























</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 15%; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 7pt; line-height: inherit;">Eco Consult - Consultoria de Oper. Financ. Agropecu&#225;rias Ltda.</font></p>


























</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 5%; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 7pt; line-height: inherit;">5<font style="vertical-align: super; line-height: inherit;">th</font></font></p>


























</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 5%; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 7pt; line-height: inherit;">2<font style="vertical-align: super; line-height: inherit;">nd</font></font></p>


























</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 5%; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 7pt; line-height: inherit;">Apr/24</font></p>


























</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 6%; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 7pt; line-height: inherit;">R$ 352,361</font></p>


























</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 8%; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 7pt; line-height: inherit;">IPCA + 4.68%</font></p>


























</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 8%; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 7pt; line-height: inherit;">93.9% of DI</font></p>


























</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 8%; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 7pt; line-height: inherit;">Annually</font></p>


























</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; width: 13%; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 7pt; line-height: inherit;">Lump sum at final maturity</font></p>


























</td>


























</tr>
<tr style="height: 16px;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 7pt; line-height: inherit;">Oct/17</font></p>


























</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 7pt; line-height: inherit;">CRA</font></p>


























</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 7pt; line-height: inherit;">Ipiranga Prod. De Petr&#243;leo S.A.</font></p>


























</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 7pt; line-height: inherit;">Vert Companhia Securitizadora.</font></p>


























</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 7pt; line-height: inherit;">7<font style="vertical-align: super; line-height: inherit;">th</font></font></p>


























</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 7pt; line-height: inherit;">2<font style="vertical-align: super; line-height: inherit;">nd</font></font></p>


























</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 7pt; line-height: inherit;">Oct/24</font></p>


























</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 7pt; line-height: inherit;">R$ 213,693</font></p>


























</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 7pt; line-height: inherit;">IPCA + 4.34%</font></p>


























</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 7pt; line-height: inherit;">97.3% of DI</font></p>


























</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 7pt; line-height: inherit;">Annually</font></p>


























</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 7pt; line-height: inherit;">Lump sum at final maturity</font></p>


























</td>


























</tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 7pt; line-height: inherit;">Dec/18</font></p>


























</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 7pt; line-height: inherit;">CRA</font></p>


























</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 7pt; line-height: inherit;">Ipiranga Prod. De Petr&#243;leo S.A.</font></p>


























</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 7pt; line-height: inherit;">Vert Companhia Securitizadora.</font></p>


























</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 7pt; line-height: inherit;">8<font style="vertical-align: super; line-height: inherit;">th</font></font></p>


























</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 7pt; line-height: inherit;">2<font style="vertical-align: super; line-height: inherit;">nd</font></font></p>


























</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 7pt; line-height: inherit;">Dec/25</font></p>


























</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 7pt; line-height: inherit;">R$ 240,000</font></p>


























</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 7pt; line-height: inherit;">IPCA + 4.61%</font></p>


























</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 7pt; line-height: inherit;">97.1% of DI</font></p>


























</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 7pt; line-height: inherit;">Annually</font></p>


























</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 7pt; line-height: inherit;">Lump sum at final maturity</font></p>


























</td>


























</tr>
<tr style="height: 16px;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 7pt; line-height: inherit;">Nov/19</font></p>


























</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 7pt; line-height: inherit;">Debentures</font></p>


























</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 7pt; line-height: inherit;">Ultracargo Logistica S.A.</font></p>


























</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 7pt; line-height: inherit;">-</font></p>


























</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 7pt; line-height: inherit;">1<font style="vertical-align: super; line-height: inherit;">st</font></font></p>


























</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 7pt; line-height: inherit;">Single</font></p>


























</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 7pt; line-height: inherit;">Nov/24</font></p>


























</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 7pt; line-height: inherit;">R$ 90,000</font></p>


























</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 7pt; line-height: inherit;">6.47%</font></p>


























</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 7pt; line-height: inherit;">99.9% of DI</font></p>


























</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 7pt; line-height: inherit;">Semiannually</font></p>


























</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 7pt; line-height: inherit;">Lump sum at final maturity</font></p>


























</td>


























</tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 7pt; line-height: inherit;">Mar/21</font></p>


























</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 7pt; line-height: inherit;">Debentures</font></p>


























</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 7pt; line-height: inherit;">Ultracargo Solu&#231;&#245;es Log&#237;sticas S.A.</font></p>


























</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 7pt; line-height: inherit;">-</font></p>


























</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 7pt; line-height: inherit;">1<font style="vertical-align: super; line-height: inherit;">st</font></font></p>


























</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 7pt; line-height: inherit;">Single</font></p>


























</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 7pt; line-height: inherit;">Mar/28</font></p>


























</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 7pt; line-height: inherit;">R$ 360,000</font></p>


























</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 7pt; line-height: inherit;">IPCA + 4.04%</font></p>


























</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 7pt; line-height: inherit;">111.4% of DI</font></p>


























</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 7pt; line-height: inherit;">Semiannually</font></p>


























</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 7pt; line-height: inherit;">Lump sum at final maturity</font></p>


























</td>


























</tr>
<tr style="height: 16px;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 7pt; line-height: inherit;">Mar/21</font></p>


























</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 7pt; line-height: inherit;">Debentures</font></p>


























</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 7pt; line-height: inherit;">Ultracargo Logistica S.A.</font></p>


























</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 7pt; line-height: inherit;">-.</font></p>


























</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 7pt; line-height: inherit;">2<font style="vertical-align: super; line-height: inherit;">nd</font></font></p>


























</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 7pt; line-height: inherit;">Single</font></p>


























</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 7pt; line-height: inherit;">Mar/28</font></p>


























</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 7pt; line-height: inherit;">R$ 100,000</font></p>


























</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 7pt; line-height: inherit;">IPCA + 4.37%</font></p>


























</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 7pt; line-height: inherit;">111.4% of DI</font></p>


























</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 7pt; line-height: inherit;">Semiannually</font></p>


























</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 7pt; line-height: inherit;">Lump sum at final maturity</font></p>


























</td>


























</tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 7pt; line-height: inherit;">Sept/21</font></p>


























</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 7pt; line-height: inherit;">CRA</font></p>


























</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 7pt; line-height: inherit;">Ipiranga Prod. De Petr&#243;leo S.A.</font></p>


























</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 7pt; line-height: inherit;">Vert Companhia Securitizadora.</font></p>


























</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 7pt; line-height: inherit;">10<font style="vertical-align: super; line-height: inherit;">th</font></font></p>


























</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 7pt; line-height: inherit;">Single</font></p>


























</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 7pt; line-height: inherit;">Sept/28</font></p>


























</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 7pt; line-height: inherit;">R$ 960,000</font></p>


























</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 7pt; line-height: inherit;">IPCA + 4.8287%</font></p>


























</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 7pt; line-height: inherit;">102.7% of DI</font></p>


























</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 7pt; line-height: inherit;">Semiannually</font></p>


























</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 7pt; line-height: inherit;">Lump sum at final maturity</font></p>


























</td>


























</tr>
<tr style="height: 18px;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 18px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 7pt; line-height: inherit;">Jun/22</font></p>


























</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 18px;">
<p style="margin: 2pt 0pt 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 7pt; line-height: inherit;">CRA</font></p>


























</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 18px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 7pt; line-height: inherit;">Ipiranga Prod. De Petr&#243;leo S.A.</font></p>


























</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 18px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 7pt; line-height: inherit;">Vert Companhia Securitizadora.</font></p>


























</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 18px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 7pt; line-height: inherit;">11<font style="vertical-align: super; line-height: inherit;">th</font></font></p>


























</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 18px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 7pt; line-height: inherit;">Single</font></p>


























</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 18px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 7pt; line-height: inherit;">Jun/32</font></p>


























</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 18px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 7pt; line-height: inherit;">R$ 1,000,000</font></p>


























</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 18px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 7pt; line-height: inherit;">IPCA + 6.0053%</font></p>


























</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 18px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 7pt; line-height: inherit;">104.8% of DI</font></p>


























</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 18px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 7pt; line-height: inherit;">Semiannually</font></p>


























</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 18px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 7pt; line-height: inherit;">Annual from the 8th year</font></p>


























</td>


























</tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 7pt; line-height: inherit;">Jun/23</font></p>


























</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 7pt; line-height: inherit;">CRA</font></p>


























</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 7pt; line-height: inherit;">Ipiranga Prod. De Petr&#243;leo S.A.</font></p>


























</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 7pt; line-height: inherit;">Vert Companhia Securitizadora.</font></p>


























</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 7pt; line-height: inherit;">12<font style="vertical-align: super; line-height: inherit;">th</font></font></p>


























</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 7pt; line-height: inherit;">1<font style="vertical-align: super; line-height: inherit;">st</font></font></p>


























</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 7pt; line-height: inherit;">Jun/27</font></p>


























</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 7pt; line-height: inherit;">R$ 325,791</font></p>


























</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 7pt; line-height: inherit;">11.17 % p.a.</font></p>


























</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 7pt; line-height: inherit;">105.1% of DI</font></p>


























</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 7pt; line-height: inherit;">Quarterly</font></p>


























</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 7pt; line-height: inherit;">Lump sum at final maturity</font></p>


























</td>


























</tr>
<tr style="height: 16px;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 7pt; line-height: inherit;">Jun/23</font></p>


























</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 7pt; line-height: inherit;">CRA</font></p>


























</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 7pt; line-height: inherit;">Ipiranga Prod. De Petr&#243;leo S.A.</font></p>


























</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 7pt; line-height: inherit;">Vert Companhia Securitizadora.</font></p>


























</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 7pt; line-height: inherit;">12<font style="vertical-align: super; line-height: inherit;">th</font></font></p>


























</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 7pt; line-height: inherit;">2<font style="vertical-align: super; line-height: inherit;">nd</font></font></p>


























</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 7pt; line-height: inherit;">Jun/27</font></p>


























</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 7pt; line-height: inherit;">R$ 292,209</font></p>


























</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 7pt; line-height: inherit;">DI + 0.70% p.a.</font></p>


























</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 7pt; line-height: inherit;">-</font></p>


























</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 7pt; line-height: inherit;">Quarterly</font></p>


























</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 7pt; line-height: inherit;">Lump sum at final maturity</font></p>


























</td>


























</tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 7pt; line-height: inherit;">Jul/23</font></p>


























</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 7pt; line-height: inherit;">CRA</font></p>


























</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 7pt; line-height: inherit;">Ipiranga Prod. De Petr&#243;leo S.A.</font></p>


























</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 7pt; line-height: inherit;">Vert Companhia Securitizadora.</font></p>


























</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 7pt; line-height: inherit;">13<font style="vertical-align: super; line-height: inherit;">th</font></font></p>


























</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 7pt; line-height: inherit;">1<font style="vertical-align: super; line-height: inherit;">st</font></font></p>


























</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 7pt; line-height: inherit;">Jul/27</font></p>


























</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 7pt; line-height: inherit;">R$ 200,000</font></p>


























</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 7pt; line-height: inherit;">11.17 % p.a.</font></p>


























</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 7pt; line-height: inherit;">102.9% of DI</font></p>


























</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 7pt; line-height: inherit;">Quarterly</font></p>


























</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 7pt; line-height: inherit;">Lump sum at final maturity</font></p>


























</td>


























</tr>
<tr style="height: 16px;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 7pt; line-height: inherit;">Jul/23</font></p>


























</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 7pt; line-height: inherit;">CRA</font></p>


























</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 7pt; line-height: inherit;">Ipiranga Prod. De Petr&#243;leo S.A.</font></p>


























</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 7pt; line-height: inherit;">Vert Companhia Securitizadora.</font></p>


























</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 7pt; line-height: inherit;">13<font style="vertical-align: super; line-height: inherit;">th</font></font></p>


























</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 7pt; line-height: inherit;">2<font style="vertical-align: super; line-height: inherit;">nd</font></font></p>


























</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 7pt; line-height: inherit;">Jul/27</font></p>


























</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 7pt; line-height: inherit;">R$ 200,000</font></p>


























</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 7pt; line-height: inherit;">DI + 0.70% p.a.</font></p>


























</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 7pt; line-height: inherit;">-</font></p>


























</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 7pt; line-height: inherit;">Quarterly</font></p>


























</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 7pt; line-height: inherit;">Lump sum at final maturity</font></p>


























</td>


























</tr>





















































</table>
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; text-indent: 0pt; text-align: left;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">The Company and its subsidiaries contracted hedging instruments for variations of the respective indexes. The hedging instruments were designated as fair value hedges (see Note 26.i.1.), therefore, debentures and hedging instruments are both presented at fair value from inception, with changes in fair value recognized in profit or loss. The debentures do not have financial covenants.</font></p>
<p style="margin: 0pt; text-indent: 0pt; text-align: left;"><br></p>









</div>









</div>









</div>









</div>
<div style="line-height: 1.2;">
<div>
<table style="width: 100%; font-family: 'times new roman'; font-size: 10pt;">

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
























</tr>

















































</table>
<hr class="horizontalLineRemoved" style="border-bottom-color: #000000; border-top-color: #000000; color: #000000; background-color: #000000;"></hr>
<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div>
<div style="width: 8.5in; margin: 0 auto;">
<div style="line-height: 1.2;">
<div>
<table style="font-size: 10pt; width: 100%; height: 30px; border-collapse: collapse; font-family: 'times new roman'; margin: 0px; text-indent: 0px;">

<tr style="height: 10px;">
<td style="height: 10px; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times; font-size: 12pt; font-weight: bold; float: none; line-height: inherit; display: inline !important;">Ultrapar Participa&#231;&#245;es S.A. and Subsidiaries</font></td>
<td style="height: 10px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><img src="imgc0dec36d433f45a2aa5c.jpg" style="float: right;" alt="Graphics"></font></td>


























</tr>
<tr style="height: 10px;">
<td style="height: 10px;">
<p style="margin: 2pt 0in 0in; text-align: justify; font-size: 11pt; font-family: 'Times New Roman', serif;"><font style="font-family: 'times new roman', times; font-size: 10pt;">
















<b style="mso-bidi-font-weight: normal;">Notes to the interim financial information</b>


</font></p>


























</td>
<td style="height: 10px;"><br></td>


























</tr>
<tr style="height: 10px;">
<td style="font-size: 10pt; height: 10px; width: 75%; border-bottom-width: 1.5pt; border-bottom-style: solid; border-bottom-color: #000080 !important;">
<p style="margin: 2pt 0in 0.0001pt; text-align: justify; font-size: 11pt; font-family: 'Times New Roman', 'serif';"><font style="font-family: 'times new roman', times; font-size: 10pt;"><b style="mso-bidi-font-weight: normal;">For the period ended March 31, 2024</b></font><b><font style="font-size: 9.0pt; font-family: 'Arial','sans-serif';"></font></b></p>


























</td>
<td style="height: 10px; border-bottom-width: 1.5pt; border-bottom-style: solid; border-bottom-color: #000080 !important;"><br></td>


























</tr>





















































</table>
<p style="margin: 0pt; text-align: left; line-height: 1.2;"><br></p>






















</div>






















</div>
<div style="line-height: 1.2;">
<p style="margin: 2pt 0pt 0pt; break-after: avoid; break-inside: avoid; text-align: left;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">e. Foreign loans </font></p>
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: justify; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 2pt 0pt 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Refers to funds raised by subsidiaries through Resolution 4131 of Central Bank of Brasil, as shown below:</font></p>
<p style="margin: 2pt 0pt 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<table cellspacing="0" cellpadding="0" style="height: 192px; border-collapse: collapse; margin-left: 0px; font-family: 'times new roman'; font-size: 10pt; width: 100%;" width="100%">

<tr style="height: 16px;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 16px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">Issuance date</font></p>


























</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 16px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">Company</font></p>


























</td>
<td colspan="2" style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 16px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">Final maturity</font></p>


























</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 16px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">Principal</font></p>


























</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 16px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">Financial charges</font></p>


























</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 16px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">Hedge instrument/swap</font></p>


























</td>






















</tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 16px; width: 10%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Dec/22</font></p>


























</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 16px; width: 24%; text-align: left; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Cia Ultragaz S.A.</font></p>


























</td>
<td colspan="2" style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 16px; width: 17%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Sept/25</font></p>


























</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 16px; width: 16%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">USD 96,339</font></p>


























</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 16px; width: 16%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">4.539%</font></p>


























</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 16px; width: 17%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">108.5% of DI</font></p>


























</td>






















</tr>
<tr style="height: 16px;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Jan/23</font></p>


























</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 16px; text-align: left;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Iconic Lubrificantes S.A.</font></p>


























</td>
<td colspan="2" style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Jan/24</font></p>


























</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">EUR 22,480</font></p>


























</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">EUR + 4.35%</font></p>


























</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">111.9% of DI</font></p>


























</td>






















</tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Jan/23</font></p>


























</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 16px; text-align: left; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Cia Ultragaz S.A.</font></p>


























</td>
<td colspan="2" style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Mar/25</font></p>


























</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">JPY 12,564,392</font></p>


























</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">JPY + 1.31%</font></p>


























</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">109.4% of DI</font></p>


























</td>






















</tr>
<tr style="height: 16px;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Mar/23</font></p>


























</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 16px; text-align: left;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Cia Ultragaz S.A.</font></p>


























</td>
<td colspan="2" style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Jul/24</font></p>


























</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">USD 100,000</font></p>


























</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">USD + 4.6%</font></p>


























</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">110.9% of DI</font></p>


























</td>






















</tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Mar/23</font></p>


























</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 16px; text-align: left; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Iconic Lubrificantes S.A.</font></p>


























</td>
<td colspan="2" style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Apr/24</font></p>


























</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">USD 9,727</font></p>


























</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">USD + 6.4%</font></p>


























</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">116.0% of DI</font></p>


























</td>






















</tr>
<tr style="height: 16px;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Jan/24</font></p>


























</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 16px; text-align: left;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Iconic Lubrificantes S.A.</font></p>


























</td>
<td colspan="2" style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Jan/25</font></p>


























</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">EUR 23,500</font></p>


























</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">EUR + 4.33%</font></p>


























</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">111.9% of DI</font></p>


























</td>






















</tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Mar/24</font></p>


























</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 16px; text-align: left; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Ipiranga Produtos de Petr&#243;leo S.A.</font></p>


























</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 16px; text-align: center; background-color: #cceeff;" colspan="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: 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;">Mar/25</font></td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; text-align: center; height: 16px; background-color: #cceeff;"><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: 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;">EUR 46,040</font></td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">EUR + 4.43%</font></p>


























</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">108.5% of DI</font></p>


























</td>






















</tr>
<tr style="height: 16px;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Mar/24</font></p>


























</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 16px; text-align: left;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Ultracargo Log&#237;stica</font></p>


























</td>
<td colspan="2" style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Aug/24</font></p>


























</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">JPY 3,760,000</font></p>


























</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">JPY + 1.32%</font></p>


























</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">108.9% of DI</font></p>


























</td>






















</tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Mar/24</font></p>


























</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 16px; text-align: left; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Ultracargo Log&#237;stica</font></p>


























</td>
<td colspan="2" style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Mar/25</font></p>


























</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">EUR 45,977</font></p>


























</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">EUR + 4.38%</font></p>


























</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">108.5% of DI</font></p>


























</td>






















</tr>
<tr style="height: 16px;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Mar/24</font></p>


























</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 16px; text-align: left;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Serra Diesel</font></p>


























</td>
<td colspan="2" style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Aug/24</font></p>


























</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">EUR 4,629</font></p>


























</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">EUR + 4.64%</font></p>


























</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">115.5% of DI</font></p>


























</td>






















</tr>

















































</table>
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: justify; text-indent: 0px;"><br></p>
<p style="margin: 2pt 0pt 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">In January 2024, subsidiary Iconic Lubrificantes S.A. settled the loan taken out in January 2023, in the amount of EUR 22,479.</font></p>
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: justify; text-indent: 0px;"><br></p>
<p style="margin: 2pt 0pt 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">The companies designated these hedging instruments as a fair value hedge (see Note 26.i.1). Therefore, loans and hedging instruments are both measured at fair value from inception, with changes in fair value recognized in profit or loss. The foreign loans are secured by the Company and do not have financial covenants.</font></p>
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: justify; text-indent: 0px;"><br></p>
<p style="margin: 2pt 0pt 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: justify; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">f. Other fundraisings</font></p>
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: justify; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; break-after: avoid; break-inside: avoid; text-align: justify; text-indent: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">On January 22, 2024, the subsidiary Ipiranga raised an Agribusiness Credit Rights Certificate in the amount of R$ 80,000, with financial charges of 108% of the DI rate, maturing on January 22, 2025, without financial covenants.</font></p>
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: justify; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; break-after: avoid; break-inside: avoid; text-align: justify; text-indent: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">On March 5, 2024, the subsidiary Ipiranga raised a bank credit note backed by importing operations in the amount of R$ 500,000, with financial charges of 108.37% of the DI, maturing on March 5, 2025, without financial covenants.</font></p>
<p style="margin: 0pt; break-after: avoid; break-inside: avoid; text-align: justify; text-indent: 0pt;"><br></p>










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</div>
<div style="line-height: 1.2;">
<div>
<table style="width: 100%; font-family: 'times new roman'; font-size: 10pt;">

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
























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<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div>
<div style="width: 8.5in; margin: 0 auto;">
<div>
<table style="font-size: 10pt; width: 100%; height: 30px; border-collapse: collapse; font-family: 'times new roman'; margin: 0px; text-indent: 0px;">

<tr style="height: 10px;">
<td style="height: 10px; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times; font-size: 12pt; font-weight: bold; float: none; line-height: inherit; display: inline !important;">Ultrapar Participa&#231;&#245;es S.A. and Subsidiaries</font></td>
<td style="height: 10px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><img src="imgc0dec36d433f45a2aa5c.jpg" style="float: right;" alt="Graphics"></font></td>


























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<tr style="height: 10px;">
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<p style="margin: 2pt 0in 0in; text-align: justify; font-size: 11pt; font-family: 'Times New Roman', serif;"><font style="font-family: 'times new roman', times; font-size: 10pt;">
















<b style="mso-bidi-font-weight: normal;">Notes to the interim financial information</b>


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<td style="font-size: 10pt; height: 10px; width: 75%; border-bottom-width: 1.5pt; border-bottom-style: solid; border-bottom-color: #000080 !important;">
<p style="margin: 2pt 0in 0.0001pt; text-align: justify; font-size: 11pt; font-family: 'Times New Roman', 'serif';"><font style="font-family: 'times new roman', times; font-size: 10pt;"><b style="mso-bidi-font-weight: normal;">For the period ended March 31, 2024</b></font><b><font style="font-size: 9.0pt; font-family: 'Arial','sans-serif';"></font></b></p>


























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<td style="height: 10px; border-bottom-width: 1.5pt; border-bottom-style: solid; border-bottom-color: #000080 !important;"><br></td>


























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<p style="margin: 0pt; text-align: left; line-height: 1.2;"><br></p>






















</div>
<div style="background-color: #002060; margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; widows: 0;"><a style="text-decoration: none; color: #000000; cursor: default; outline: none; pointer-events: none;" href="#TOC" name="Ba19_342024144714771" class="customBookmark"><font style="color: #ffffff; font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">16. Trade payables (consolidated)</font></a></div>
<p style="margin: 0pt; break-after: avoid; break-inside: avoid; text-indent: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">a. Trade payables</font></p>
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<table cellspacing="0" cellpadding="0" style="border-collapse: collapse; margin-left: 0pt; font-family: 'times new roman'; font-size: 10pt; height: 81px; width: 100%;" width="100%">

<tr style="height: 16px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">&nbsp;</font></p>


























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom: 1pt solid #000000; height: 16px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">03/31/2024</font></p>


























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>


























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom: 1pt solid #000000; height: 16px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">12/31/2023</font></p>


























</td>





















</tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 79%; background-color: #cceeff; height: 16px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Domestic suppliers </font></p>


























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 10%; background-color: #cceeff; height: 16px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">2,634,963</font></p>


























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 1%; background-color: #cceeff; height: 16px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 10%; background-color: #cceeff; height: 16px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">2,842,433</font></p>


























</td>





















</tr>
<tr style="height: 16px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Foreign suppliers </font></p>


























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">321,204</font></p>


























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">1,692,786</font></p>


























</td>





















</tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 16px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Trade payables - related parties (see Note 8.a.2)</font></p>


























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom: 1pt solid #000000; background-color: #cceeff; height: 16px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">121,591</font></p>


























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 16px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom: 1pt solid #000000; background-color: #cceeff; height: 16px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">147,452</font></p>


























</td>





















</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; border-bottom-width: 2.5pt; border-bottom-style: double; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">3,077,758</font></p>


























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; border-bottom-width: 2.5pt; border-bottom-style: double; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">4,682,671</font></p>


























</td>





















</tr>
















































</table>
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Some Company&#8217;s subsidiaries acquire oil-based fuels and LPG from Petrobras and its subsidiaries. </font></p>
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">b. Trade payables - reverse factoring</font></p>
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<table cellspacing="0" cellpadding="0" style="border-collapse: collapse; margin-left: 0px; font-family: 'times new roman'; font-size: 10pt; width: 100%;" width="100%">

<tr style="height: 1pt;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">03/31/2024</font></p>


























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>


























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">12/31/2023</font></p>


























</td>





















</tr>
<tr style="height: 1pt; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 79%; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Domestic suppliers - reverse factoring</font></p>


























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 10%; border-bottom: 1pt solid #000000; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">1,304,089</font></p>


























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 1%; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 10%; border-bottom: 1pt solid #000000; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">1,039,366</font></p>


























</td>





















</tr>
<tr style="height: 1pt;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom-width: 2.5pt; border-bottom-style: double; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">1,304,089</font></p>


























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom-width: 2.5pt; border-bottom-style: double; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">1,039,366</font></p>


























</td>





















</tr>
















































</table>
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: justify; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Some subsidiaries of the Company entered into agreements with financial institutions. These agreements consist in the anticipation of the receipt of trade payables by the supplier, in which the financial institutions prepay a certain amount from the supplier and receives, on the maturity date, the amount payable by the subsidiaries of the Company without incidence of interest. The decision to join this type of transaction is solely and exclusively of the supplier. The agreement does not substantially change the main characteristics of the commercial conditions previously established between the subsidiaries of the Company and the suppliers. The transactions are presented in operating activities in the statement of cash flows.</font></p>














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<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: justify; widows: 0;">&nbsp;</p>
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<td class="pgno" style="padding: 0px; text-align: center;"><font style="font-size: 10pt;" class="pageno"><font class='pageno'>52</font></font></td>























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<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div>
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<div style="line-height: 1.2;">
<div>
<table style="font-size: 10pt; width: 100%; height: 30px; border-collapse: collapse; font-family: 'times new roman'; margin: 0px; text-indent: 0px;">

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<td style="height: 10px; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times; font-size: 12pt; font-weight: bold; float: none; line-height: inherit; display: inline !important;">Ultrapar Participa&#231;&#245;es S.A. and Subsidiaries</font></td>
<td style="height: 10px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><img src="imgc0dec36d433f45a2aa5c.jpg" style="float: right;" alt="Graphics"></font></td>

























</tr>
<tr style="height: 10px;">
<td style="height: 10px;">
<p style="margin: 2pt 0in 0in; text-align: justify; font-size: 11pt; font-family: 'Times New Roman', serif;"><font style="font-family: 'times new roman', times; font-size: 10pt;">
















<b style="mso-bidi-font-weight: normal;">Notes to the interim financial information</b>


</font></p>

























</td>
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</tr>
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<td style="font-size: 10pt; height: 10px; width: 75%; border-bottom-width: 1.5pt; border-bottom-style: solid; border-bottom-color: #000080 !important;">
<p style="margin: 2pt 0in 0.0001pt; text-align: justify; font-size: 11pt; font-family: 'Times New Roman', 'serif';"><font style="font-family: 'times new roman', times; font-size: 10pt;"><b style="mso-bidi-font-weight: normal;">For the period ended March 31, 2024</b></font><b><font style="font-size: 9.0pt; font-family: 'Arial','sans-serif';"></font></b></p>

























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<p style="margin: 0pt; text-align: left; line-height: 1.2;"><font style="font-size: 10pt; font-weight: bold; text-align: justify;">&nbsp; &nbsp; &nbsp; &nbsp;</font><br></p>





















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</div>
<div style="line-height: 1.2;">
<p style="background-color: #002060; margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><a style="text-decoration: none; color: #000000; cursor: default; outline: none; pointer-events: none;" href="#TOC" name="Ba30_34202415448920" class="customBookmark"><font style="color: #ffffff; font-weight: bold; line-height: inherit;">17. Employee benefits and private pension plan (Consolidated)</font></a><font style="color: #ffffff; font-weight: bold; line-height: inherit;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font></font></p>
<p style="font-size: 11pt; line-height: 108%; margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">a. ULTRAPREV - Associa&#231;&#227;o de Previd&#234;ncia Complementar</font></p>
<p style="font-size: 11pt; line-height: 108%; margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">In February 2001, the Company&#8217;s Board of Directors approved the adoption of a defined contribution pension plan to be sponsored by the Company and its subsidiaries. Participating employees have been contributing to this plan, managed by Ultraprev - Associa&#231;&#227;o de Previd&#234;ncia Complementar (&#8220;Ultraprev&#8221;), since August 2001. Each participating employee chooses his or her basic contribution to the plan, up to a limit of 11% of the employee&#8217;s reference salary, according to the rules of the plan. Each sponsoring company provides a matching contribution in an amount equivalent to each basic contribution. As participating employees retire, they may choose to receive either (i) a monthly sum ranging between 0.3% and 1.0% of their respective accumulated fund in Ultraprev or (ii) a fixed monthly amount, which will exhaust their respective accumulated fund over a period of 5 to 35 years. The Company and its subsidiaries do not take responsibility for guaranteeing amounts or the duration of the benefits received by the retired employee. </font></p>
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: justify; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">The balance of R$ 14,215 (R$ 18,271 as of December 31, 2023) regarding the reversal fund will be used to deduct normal sponsor contributions in a period of up to 19 months depending on the sponsor. The number of months is estimated according to the current amount being deducted from the contributions of the sponsor with the highest balance.</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">In the three-month period ended March 31, 2024, the subsidiaries contributed R$ 5,579 to Ultraprev (R$ 5,554 in the three-month period ended March 31, 2023). </font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">The total number of participating employees as of March 31, 2024 is 3,989 active participants and 295 retired participants (4,053 active participants and 298 retired participants as of December 31, 2023). In addition, Ultraprev had 23 former employees or beneficiaries receiving benefits under the rules of a previous plan whose reserves are fully constituted.</font></p>
<p style="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;">&nbsp;</font><font style="font-size: 10pt; font-weight: bold;">&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;</font></p>





















</div>
<div style="line-height: 1.2;">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: justify; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">b. Post-employment benefits (Consolidated)</font></p>
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: justify; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: justify; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Some subsidiaries recognized a provision for post-employment benefits mainly related to seniority bonus, payment of Government Severance Indemnity Fund (&#8220;FGTS&#8221;), and health, dental care, and life insurance plan for eligible retirees.</font></p>
<p style="font-size: 11pt; line-height: 110%; margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: justify; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: justify; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">The amounts related to such benefits are based on a valuation conducted by an independent actuary and reviewed by Management as of March 31, 2024.</font></p>
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: justify; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<table cellspacing="0" cellpadding="0" style="border-collapse: collapse; margin-left: 0px; font-family: 'times new roman'; font-size: 10pt; width: 100%; height: 117px;" width="100%">

<tr style="height: 16px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>


























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom: 1pt solid #000000; height: 16px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">03/31/2024</font></p>


























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>


























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom: 1pt solid #000000; height: 16px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">12/31/2023</font></p>


























</td>





















</tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 16px; width: 79%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Health and dental care plan <font style="font-size: 8pt;"><sup>(1)</sup></font></font></p>


























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 16px; width: 10%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">215,288</font></p>


























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 16px; width: 1%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 16px; width: 10%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">211,279</font></p>


























</td>





















</tr>
<tr style="height: 16px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Indemnification of FGTS</font></p>


























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">39,772</font></p>


























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">38,456</font></p>


























</td>





















</tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 16px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Seniority bonus</font></p>


























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 16px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">2,090</font></p>


























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 16px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 16px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">2,026</font></p>


























</td>





















</tr>
<tr style="height: 10px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Life insurance <font style="font-size: 8pt;"><sup>(1)</sup></font></font></p>


























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom: 1pt solid #000000; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">13,340</font></p>


























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom: 1pt solid #000000; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">13,062</font></p>


























</td>





















</tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Total</font></p>


























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 10px; border-bottom-width: 2.5pt; border-bottom-style: double; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">270,490</font></p>


























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 10px; border-bottom-width: 2.5pt; border-bottom-style: double; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">264,823</font></p>


























</td>





















</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Current</font></p>


























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">23,674</font></p>


























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">23,612</font></p>


























</td>





















</tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 16px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Non-current</font></p>


























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 16px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">246,816</font></p>


























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 16px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 16px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">241,211</font></p>


























</td>





















</tr>
















































</table>
<p style="font-size: 12pt; line-height: 110%; margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; widows: 0;"><br></p>
<table style="width: 100%; margin-left: 0.1px; font-family: 'times new roman'; font-size: 10pt;">

<tr>
<td style="width: 3%;"><font style="color: #000000; font-family: 'times new roman', 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: -24px; 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;">(1)</font><br></td>
<td style="width: 97%;"><font style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: -24px; 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;">Applicable to<font>&nbsp;</font></font>Ipiranga<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: -24px; 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;">, Tropical and Iconic.</font></td>





















</tr>











































</table>
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><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></font><font style="font-size: 10pt; font-weight: bold;">&nbsp; &nbsp;&nbsp;</font></p>














</div>














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</div>
<div style="line-height: 1.2;">
<div>
<table style="width: 100%; font-family: 'times new roman'; font-size: 10pt;">

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























</tr>















































</table>
<hr class="horizontalLineRemoved" style="border-bottom-color: #000000; border-top-color: #000000; color: #000000; background-color: #000000;"></hr>
<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div>
<div style="width: 8.5in; margin: 0 auto;">
<div style="line-height: 1.2;">
<div>
<table style="font-size: 10pt; width: 100%; height: 30px; border-collapse: collapse; font-family: 'times new roman';">

<tr style="height: 10px;">
<td style="height: 10px; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times; font-size: 12pt; font-weight: bold; float: none; line-height: inherit; display: inline !important;">Ultrapar Participa&#231;&#245;es S.A. and Subsidiaries</font></td>
<td style="height: 10px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><img src="imgc0dec36d433f45a2aa5c.jpg" style="float: right;" alt="Graphics"></font></td>

























</tr>
<tr style="height: 10px;">
<td style="height: 10px;">
<p style="margin: 2pt 0in 0in; text-align: justify; font-size: 11pt; font-family: 'Times New Roman', serif;"><font style="font-family: 'times new roman', times; font-size: 10pt;">
















<b style="mso-bidi-font-weight: normal;">Notes to the interim financial information</b>


</font></p>

























</td>
<td style="height: 10px;"><br></td>

























</tr>
<tr style="height: 10px;">
<td style="font-size: 10pt; height: 10px; width: 75%; border-bottom-width: 1.5pt; border-bottom-style: solid; border-bottom-color: #000080 !important;">
<p style="margin: 2pt 0in 0.0001pt; text-align: justify; font-size: 11pt; font-family: 'Times New Roman', 'serif';"><font style="font-family: 'times new roman', times; font-size: 10pt;"><b style="mso-bidi-font-weight: normal;">For the period ended March 31, 2024</b></font><b><font style="font-size: 9.0pt; font-family: 'Arial','sans-serif';"></font></b></p>

























</td>
<td style="height: 10px; border-bottom-width: 1.5pt; border-bottom-style: solid; border-bottom-color: #000080 !important;"><br></td>

























</tr>



















































</table>
<p style="margin: 0pt; text-align: left; line-height: 1.2;">&nbsp;</p>





















</div>





















</div>
<div style="line-height: 1.2;">
<div style="background-color: #002060; margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; widows: 0;"><a style="text-decoration: none; color: #000000; cursor: default; outline: none; pointer-events: none;" href="#TOC" name="Ba21_342024144736220" class="customBookmark"><font style="color: #ffffff; font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">18. Provisions and contingent liabilities (Consolidated)</font></a></div>
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">a. Provisions for tax, civil and labor risks</font></p>
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">The Company and its subsidiaries are parties to tax, civil, environmental, regulatory, and labor disputes at the administrative and judiciary levels.</font></p>
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">The table below shows the breakdown of provisions by nature and their changes:</font></p>
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: justify; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<table cellspacing="0" cellpadding="0" style="height: 176px; border-collapse: collapse; margin-left: 0px; font-family: 'times new roman'; font-size: 10pt; width: 100%;" width="100%">

<tr style="height: 16px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">Provisions</font></p>


























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">Balance as of 12/31/2023</font></p>


























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">&nbsp;</font></p>


























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">Additions</font></p>


























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">&nbsp;</font></p>


























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">Reversals</font></p>


























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>


























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">Payments</font></p>


























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">&nbsp;</font></p>


























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">Interest</font></p>


























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">&nbsp;</font></p>


























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">Balance as of 03/31/2024</font></p>


























</td>




















</tr>
<tr style="height: 16px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


























</td>




















</tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; width: 35%; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">IRPJ and CSLL (a.1)</font></p>


























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; width: 10%; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">636,167</font></p>


























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px; width: 1%; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; width: 10%; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208;</font></p>


























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; width: 1%; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; width: 10%; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">(2,026)</font></p>


























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; width: 1%; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; width: 10%; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208;</font></p>


























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; width: 1%; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; width: 10%; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">5,149</font></p>


























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; width: 1%; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; width: 10%; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">639,290</font></p>


























</td>




















</tr>
<tr style="height: 16px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Tax</font></p>


























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">107,172</font></p>


























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">6,313</font></p>


























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">(24,136)</font></p>


























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">(2,239)</font></p>


























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">71</font></p>


























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">87,181</font></p>


























</td>




















</tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Civil, environmental and regulatory claims</font></p>


























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">150,258</font></p>


























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">33,286</font></p>


























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">(7,423)</font></p>


























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">(5,569)</font></p>


























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">2,930</font></p>


























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">173,482</font></p>


























</td>




















</tr>
<tr style="height: 16px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Labor litigation</font></p>


























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">59,144</font></p>


























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">3,389</font></p>


























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">(2,091)</font></p>


























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">(1,723)</font></p>


























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">121</font></p>


























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">58,840</font></p>


























</td>




















</tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Provision for indemnities (a.2)</font></p>


























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">203,780</font></p>


























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208;</font></p>


























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">(3,569)</font></p>


























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">(5,305)</font></p>


























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">171</font></p>


























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">195,077</font></p>


























</td>




















</tr>
<tr style="height: 16px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Others</font></p>


























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">147,609</font></p>


























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">5,390</font></p>


























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">(1,503)</font></p>


























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208;</font></p>


























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">157</font></p>


























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">151,653</font></p>


























</td>




















</tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Total</font></p>


























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff; border-bottom-width: 2.5pt; border-bottom-style: double; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">1,304,130</font></p>


























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff; border-bottom-width: 2.5pt; border-bottom-style: double; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">48,378</font></p>


























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff; border-bottom-width: 2.5pt; border-bottom-style: double; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">(40,748)</font></p>


























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff; border-bottom-width: 2.5pt; border-bottom-style: double; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">(14,836)</font></p>


























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff; border-bottom-width: 2.5pt; border-bottom-style: double; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">8,599</font></p>


























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff; border-bottom-width: 2.5pt; border-bottom-style: double; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">1,305,523</font></p>


























</td>




















</tr>
<tr style="height: 16px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Current</font></p>


























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">45,828</font></p>


























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">64,371</font></p>


























</td>




















</tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Non-current</font></p>


























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">1,258,302</font></p>


























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">1,241,152</font></p>


























</td>




















</tr>















































</table>
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: justify; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>





















</div>
<div style="line-height: 1.2;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Balances of escrow deposits are as follows:</font></p>
<p style="margin: 0px; break-after: avoid; break-inside: avoid; 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; height: 74px; width: 100%;" width="100%">

<tr style="height: 16px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">&nbsp;</font></p>


























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom: 1pt solid #000000; height: 16px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">03/31/2024</font></p>


























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 16px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">&nbsp;</font></p>


























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom: 1pt solid #000000; height: 16px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">12/31/2023</font></p>


























</td>




















</tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff; width: 79%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Tax</font></p>


























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff; width: 10%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">866,245</font></p>


























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff; width: 1%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff; width: 10%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">856,830</font></p>


























</td>




















</tr>
<tr style="height: 16px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Labor</font></p>


























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">36,221</font></p>


























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


























</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">37,715</font></p>


























</td>




















</tr>
<tr style="height: 16px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Civil and others</font></p>


























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<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">132,478</font></p>


























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<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


























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<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">138,172</font></p>


























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<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


























</td>
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<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">1,034,944</font></p>


























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<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>


























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<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">1,032,717</font></p>


























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<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: justify; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">In the three-month period ended March 31, 2024, the monetary adjustment on escrow deposits amounted to R$ 10,077 (R$ 19,445 as of March 31, 2023), recorded with a corresponding entry to financial income in profit or loss.</font></p>















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<td style="height: 10px; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times; font-size: 12pt; font-weight: bold; float: none; line-height: inherit; display: inline !important;">Ultrapar Participa&#231;&#245;es S.A. and Subsidiaries</font></td>
<td style="height: 10px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><img src="imgc0dec36d433f45a2aa5c.jpg" style="float: right;" alt="Graphics"></font></td>
























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<b style="mso-bidi-font-weight: normal;">Notes to the interim financial information</b>


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<p style="margin: 2pt 0in 0.0001pt; text-align: justify; font-size: 11pt; font-family: 'Times New Roman', 'serif';"><font style="font-family: 'times new roman', times; font-size: 10pt;"><b style="mso-bidi-font-weight: normal;">For the period ended March 31, 2024</b></font><b><font style="font-size: 9.0pt; font-family: 'Arial','sans-serif';"></font></b></p>
























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<p style="margin: 2pt 0pt 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">a.1 Provision for tax matters</font></p>
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">On October 7, 2005, the subsidiaries Cia. Ultragaz and Bahiana filed for and obtained a preliminary injunction to recognize and offset PIS and COFINS credits on LPG purchases, against other taxes levied by the RFB, notably IRPJ and CSLL. The decision was confirmed by a trial court on May 16, 2008. Under the preliminary injunction, the subsidiaries made escrow deposits for these debits, which amounted to R$ 605,010 as of March 31, 2024 (R$ 600,259 as of December 31, 2023). On July 18, 2014, a second instance unfavorable decision was published, and the subsidiaries suspended the escrow deposits, and started to pay income taxes from that date. To revert the court decision, the subsidiaries presented a writ of prevention, which was dismissed on December 30, 2014 and the subsidiaries appealed this decision on February 3, 2015. Appeals were also presented to the respective higher courts - Superior Court of Justice (&#8220;STJ&#8221;) and Federal Supreme Court (&#8220;STF&#8221;) whose final trials are pending. At the STJ, the issue was subject to the system of Repetitive Appeals (Repetitive Issue No. 1093) and is awaiting judgment by the Superior Court.</font></p>
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: justify; text-indent: 0.05pt; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">a.2 Provision for indemnities</font></p>
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.05pt; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">On April 1, 2022, Ultrapar concluded the transaction for the sale of Oxiteno, for which it was agreed that Ultrapar is responsible, in accordance with the terms and conditions of the share purchase and sale agreement, for losses resulting from claims arising from acts, facts or omissions that occurred prior to the closing of the transaction.&nbsp;As of March 31, 2024, a provision for indemnities in the amount of R$ 164,799 (R$ 168,568 as of December 31, 2023) was recorded, it is distributed as follows: R$ 90,539 (R$ 92,823 as of December 31, 2023) relate to labor claims, R$ 17,575 (R$ 17,584 as of December 31, 2023) to civil claims, and R$ 56,683 (R$ 58,160 as of December 31, 2023) to tax claims, which may be reimbursed to Indorama, in the event of materialization of such losses.</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">On August 1, 2022, Ultrapar concluded the transaction for the sale of Extrafarma, for which it was agreed that the former shareholder, subsidiary Ipiranga, is responsible, in accordance with the terms and conditions of the share purchase and sale agreement, for losses resulting from claims arising from acts, facts or omissions that occurred prior to the closing of the transaction.&nbsp;As of March 31, 2024, a provision for indemnities in the amount of R$ 29,997 (R$ 35,075 as of December 31, 2023) was recorded, of which R$&nbsp;11,957 (R$&nbsp;16,259 as of December 31, 2023) relate to labor claims, R$&nbsp;5,745 (R$&nbsp;6,420 as of December 31, 2023) to civil claims, and R$ 12,294 (R$ 12,395 as of December 31, 2023) to tax claims, which may be reimbursed to Pague Menos, in the event of materialization of such losses.</font></p>
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">b. Contingent liabilities (possible)</font></p>
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: justify; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">The Company and its subsidiaries are parties to tax, civil, environmental, regulatory, and labor claims whose likelihood of loss is assessed by the legal departments of the Company and its subsidiaries as possible, based on the opinion of its external legal advisors and, based on these assessments, these claims were not provided for in the interim financial information. The estimated amount of this contingency is R$ 3,783,153 as of March 31, 2024 (R$ 4,013,392 as of December 31, 2023).</font></p>
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 2pt 0pt 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">b.1 Contingent liabilities for tax and social security matters</font></p>
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">The Company and its subsidiaries have contingent liabilities for tax and social security matters in the amount of R$ 3,014,782 as of March 31, 2024 (R$ 3,148,222 as of December 31, 2023), mainly represented by:</font></p>
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: justify; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><font style="font-style: italic; font-weight: bold; line-height: inherit;">b.1.1</font> The subsidiary IPP and its subsidiaries have assessments invalidating the offset of excise tax (&#8220;IPI&#8221;) credits in connection with the purchase of raw materials used in the manufacturing of products, which are subsequently sold, are not subject to IPI under the protection of tax immunity. The amount of this contingency is R$ 182,419 as of March 31, 2024 (R$ 185,388 as of December 31, 2023).</font></p>














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<td style="height: 10px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><img src="imgc0dec36d433f45a2aa5c.jpg" style="float: right;" alt="Graphics"></font></td>























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<b style="mso-bidi-font-weight: normal;">Notes to the interim financial information</b>


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<p style="margin: 2pt 0in 0.0001pt; text-align: justify; font-size: 11pt; font-family: 'Times New Roman', 'serif';"><font style="font-family: 'times new roman', times; font-size: 10pt;"><b style="mso-bidi-font-weight: normal;">For the period ended March 31, 2024</b></font><b><font style="font-size: 9.0pt; font-family: 'Arial','sans-serif';"></font></b></p>























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<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><font style="font-style: italic; font-weight: bold; line-height: inherit;">b.1.2</font> The subsidiary IPP and its subsidiaries have legal proceedings related to ICMS. The total amount involved in these proceedings was R$ 1,279,138 as of March 31, 2024 (R$ 1,380,424 as of December 31, 2023). Such proceedings arise mostly from: i) credits considered undue in the amount of R$ 152,899 as of March 31, 2024 (R$ 201,408 as of December 31, 2023), ii) alleged non-payment in the amount of R$ 153,396 as of March 31, 2024 (R$ 178,825 as of December 31, 2023); iii) conditioned fruition of tax incentive in the amount of R$ 179,493 as of March 31, 2024 (R$ 193,912 as of December 31, 2023); iv) inventory differences in the amount of R$ 285,280 as of March 31, 2024 (R$&nbsp;282,254 as of December 31, 2023); v) 2% surcharge on products considered non-essential (hydrated ethanol) in the amount of R$ 165,413 as of March 31, 2024 (R$&nbsp;271,518 as of December 31, 2023).</font></p>
<p style="margin: 0pt; text-align: justify;"><br></p>
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: justify; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><font style="font-style: italic; font-weight: bold; line-height: inherit;">b.1.3</font> The Company and its subsidiaries are parties to administrative and judicial suits involving Income Tax, Social Security Contribution, PIS and COFINS, substantially about denials of offset claims and credits disallowance which total R$ 1,344,256 as of March 31, 2024 (R$ 1,394,010 as of December 31, 2023), mainly represented by: </font></p>
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: justify; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><font style="font-style: italic; font-weight: bold; line-height: inherit;">b.1.3.1</font> The subsidiary IPP received in 2017 a tax assessment related to the IRPJ and CSLL resulting from the alleged undue amortization of the goodwill paid on acquisition of investments, in the amount of R$ 255,604 as of March 31, 2024 (R$ 233,805 as of December 31, 2023), which includes the amount of the income taxes, interest and penalty.</font></p>
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: justify; widows: 0;"><br></p>
<p style="margin: 2pt 0pt 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">b.2 Contingent liabilities for civil, environmental and regulatory claims</font></p>
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">The Company and its subsidiaries have contingent liabilities for civil, environmental and regulatory claims in the amount of R$ 517,990 as of March 31, 2024 (R$ 624,653 as of December 31, 2023), mainly represented by:</font></p>
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: justify; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><font style="font-style: italic; font-weight: bold; line-height: inherit;">b.2.1</font> The subsidiary Cia. Ultragaz is party to an administrative proceeding before CADE based on alleged anti-competitive practices in the State of Minas Gerais in 2001. The CADE issued a decision against Cia. Ultragaz and imposed a penalty of R$ 37,213 as of March 31, 2024 (R$ 36,935 as of December 31, 2023).&nbsp;The imposition of such administrative decision was suspended by a court order and its merit is being judicially reviewed. </font></p>
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: justify; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: justify; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><font style="font-style: italic; font-weight: bold; line-height: inherit;">b.2.2</font> The subsidiary Cia. Ultragaz has lawsuits totaling R$ 92,983 as of March 31, 2024 (R$ 113,756 as of December 31, 2023) filed by resellers seeking the declaration of nullity and termination of distribution contracts, in addition to indemnities for losses and damages.</font></p>
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 2pt 0pt 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">b.3 Contingent liabilities for labor matters</font><br><font style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">The Company and its subsidiaries have contingent liabilities for labor matters in the amount of R$ 250,380 as of March 31, 2024 (R$ 240,515 as of December 31, 2023).</font></p>
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">c. Lubricants operation between Ipiranga and Chevron</font></p>
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: justify; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">In the lubricants' operation in Brazil between Chevron and subsidiary Ipiranga (see Note 3.c to the interim financial information filed with CVM on February 20, 2019), it was agreed that each shareholder is responsible for any claims arising out of acts, facts or omissions that occurred prior to the transaction. The amounts of provisions of Chevron&#8217;s liability of&nbsp; R$ 30,608 (R$ 29,022 as of December 31, 2023) are reflected in the consolidation of this financial information and an indemnification asset in the same amount was constituted, recorded under Other receivables &#8211; indemnification asset. </font></p>
<p style="margin: 0px; text-align: justify; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Additionally, in connection with the business combination, a provision of R$ 198,900 was recognized on December 1, 2017 related to contingent liabilities and an indemnification asset in the same amount was recognized under Other receivables - indemnification asset, with a balance of R$ 95,881 as of March 31, 2024 (R$ 95,905 as of December 31, 2023). The amounts of provisions and contingent liabilities recognized in the business combination and the liability of the shareholder Chevron will be reimbursed to subsidiary Iconic in the event of losses without the need to recognize an allowance for expected credit losses.</font></p>
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><br></p>
<p style="margin: 0pt; text-align: justify; text-indent: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">The amount of the provision of Chevron&#8217;s liability of R$ 30,608 refers to: (i) R$ 27,293 in ICMS assessments on sales for industrial purposes, in which the STF closed the judgment of the thesis unfavorably to taxpayers; (ii) R$ 3,099 in labor claims.</font></p>














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<div style="background-color: #002060; margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; widows: 0; margin-top: 10pt;"><a style="text-decoration: none; color: #000000; cursor: default; outline: none; pointer-events: none;" href="#TOC" name="BSD_1_342024144219816" class="customBookmark"><font style="color: #ffffff; font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">19. Subscription warrants &#8211; indemnification</font></a></div>
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; break-after: avoid; break-inside: avoid; text-align: justify; line-height: 1.2;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Because of the association between the Company and Extrafarma on January 31, 2014, 7 subscription warrants &#8211; indemnification were issued, corresponding to up to 6,411,244 shares of the Company. The subscription warrants could be exercised beginning 2020 by the former shareholders of Extrafarma and are adjusted according to the changes in the amounts of provisions for tax, civil, and labor risks and contingent liabilities related to the period prior to January 31, 2014. The subscription warrants &#8211; indemnification&#8217;s fair value is measured based on the share price of Ultrapar (UGPA3) and is reduced by the dividend yield until 2020, since the exercise is possible only from 2020, and they are not entitled to dividends while they are not converted into shares. </font></p>
<p style="margin: 2pt 0pt 0pt; text-align: justify; line-height: 1.2;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; break-after: avoid; break-inside: avoid; text-align: justify; line-height: 1.2;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">On February 15, 2023, August 9, 2023 and January 16, 2024, the Board of Directors approved the issuance of 31,211, 8,199 and 191,788, respectively, common shares within the authorized capital limit provided by article 6 of the Company&#8217;s Bylaws, due to the partial exercise of the rights conferred by the subscription warrants issued by the Company at the time of the merger of all Extrafarma shares into the Company, approved by the Extraordinary General Meeting (&#8220;EGM&#8221;) of the Company held on January 31, 2014.</font></p>
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<p style="margin: 0pt; break-after: avoid; break-inside: avoid; text-align: justify; line-height: 1.2;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">As set out in the association agreement between the Company and Extrafarma of January 31, 2014 and due to the unfavorable decisions on some lawsuits with triggering events prior to January 31, 2014, 722,040 shares linked to the subscription warrants &#8211; indemnification were canceled and not issued. As of March 31, 2024, R$ 6,623 was recorded as financial expense (financial expense of R$ 4,415 as of March 31, 2023) due to the update of subscription warrants, and 3,095,127 shares linked to subscription warrants remain retained &#8211; indemnification which may be issued or canceled depending on whether the final decisions on the lawsuits will be favorable or unfavorable, being the maximum number of shares that can be issued in the future, totaling R$ 88,118 (R$&nbsp;87,299 as of December 31, 2023).</font></p>
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<div style="background-color: #002060; margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><a style="text-decoration: none; color: #000000; cursor: default; outline: none; pointer-events: none;" href="#TOC" name="BSD_2_342024144254685" class="customBookmark"><font style="color: #ffffff; font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">20. Equity</font></a></div>
<p style="margin: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold;">a. Share capital</font></p>
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: justify; text-indent: 0px; line-height: 1.2;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">As of March 31, 2024, the subscribed and paid-up capital consists of 1,115,404,268 common shares with no par value (1,115,212,490 as of December 31, 2023), and the issuance of preferred shares and participation certificates is prohibited. Each common share entitles its holder to one vote at Shareholders&#8217; Meetings. </font></p>
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: justify; text-indent: 0px; line-height: 1.2;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: justify; text-indent: 0px; line-height: 1.2;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">On April 19, 2023 the Ordinary General Meeting approved the increase in the Company's capital in the total amount of R$ 1,450,000, without the issuance of shares, through the incorporation into the share capital of part of the amounts recorded in the statutory reserve for investments, of R$ 567,425, and amounts recorded in the legal reserve, of R$ 882,575.</font></p>
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: justify; text-indent: 0px; line-height: 1.2;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: justify; text-indent: 0px; line-height: 1.2;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">The price of the outstanding shares on B3 as of March 31, 2024 was R$ 28.47 (R$ 26.51 as of December 31, 2023).</font></p>
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: justify; text-indent: 0px; line-height: 1.2;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: justify; text-indent: 0px; line-height: 1.2;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">As of March 31, 2024, there were 56,388,089 common shares outstanding abroad in the form of ADRs (52,197,033 shares as of December 31, 2023).</font></p>
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<b style="mso-bidi-font-weight: normal;">Notes to the interim financial information</b>


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<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; break-after: avoid; break-inside: avoid; text-align: justify; line-height: 1.2;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">b. Equity instrument granted</font></p>
<p style="margin: 0pt; break-after: avoid; break-inside: avoid; text-align: justify; line-height: 1.2;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; break-after: avoid; break-inside: avoid; text-align: justify; line-height: 1.2;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">The Company has a share-based incentive plan, which establishes the general terms and conditions for the concession of common shares issued by the Company held in treasury (see Note 8.c). As of March 31, 2024, the balance of treasury shares granted with right of use was 9,512,418 common shares (9,515,384 as of December 31, 2023).</font></p>
<p style="margin: 0pt; line-height: 1.2;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; break-after: avoid; break-inside: avoid; text-align: justify; line-height: 1.2;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">c. Treasury shares</font></p>
<p style="margin: 0pt; break-after: avoid; break-inside: avoid; text-align: justify; line-height: 1.2;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; break-after: avoid; break-inside: avoid; text-align: justify; line-height: 1.2;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">The Company acquired its own shares at market prices, without capital reduction, to be held in treasury and to be subsequently disposed of or cancelled, in accordance with CVM Resolutions 2/20 and 77/22. </font></p>
<p style="margin: 2pt 0pt 0pt; text-align: justify; line-height: 1.2;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; break-after: avoid; break-inside: avoid; text-align: justify; line-height: 1.2;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">As of March 31, 2024, the balance was R$ 470,030 (R$ 470,510 as of December 31, 2023) and 16,193,287 common shares (16,195,439 as of December 31, 2023) were held unrestricted in the Company's treasury, acquired at an average cost of R$ 18.29.</font></p>
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<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">03/31/2024</font></p>














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<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">16,193,287</font></p>














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<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Balance of treasury shares granted with right of use (see Note 20.b)</font></p>














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<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>














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<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">9,512,418</font></p>














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<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Total balance of treasury shares as of March 31, 2024</font></p>














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<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">25,705,705</font></p>














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<p style="margin: 0pt; break-after: avoid; break-inside: avoid; text-align: justify; line-height: 1.2;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">d. Capital reserve</font></p>
<p style="margin: 0pt; line-height: 1.2;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; break-after: avoid; break-inside: avoid; text-align: justify; line-height: 1.2;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">The capital reserve reflects the gain or loss on the disposal of shares for concession of usufruct to executives of the Company's subsidiaries, when the plan is finalized, as mentioned in Note 8.c. Because of the association with Extrafarma in 2014, the Company recognized an increase in the capital reserve in the amount of R$ 498,812, due to the difference between the value attributed to share capital and the market value of the Ultrapar shares on the date of issuance, less R$ 2,260 related to the costs for the issuance of these shares. Additionally, on February 15, 2023, August 9, 2023 and January 16, 2024, there was an increase in the reserve in the amounts of R$ 411, R$&nbsp;149 and R$ 5,631, respectively, due to the partial exercise of the subscription warrants &#8211; indemnification (see Note 19).</font></p>
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><br></p>
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><font style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: italic; 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;">e. Approval of additional dividends to the minimum mandatory dividends</font></p>
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><br></p>
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><br></p>
<p style="margin: 0pt; break-after: avoid; break-inside: avoid; text-align: justify; line-height: 1.2;"><font style="font-family: 'times new roman', times; font-size: 10pt; break-after: avoid; break-inside: avoid;">On February 28, 2024, the Board of Directors approved and April 17, 2024, the General Shareholders' Meeting ratified the payment of the Company's additional to the minimum mandatory dividends related to 2023 in the amount of R$ 134,031.</font></p>
<p style="margin: 0pt; break-after: avoid; break-inside: avoid; text-align: justify; line-height: 1.2;"><br></p>
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<div style="background-color: #002060; margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; widows: 0;"><a style="text-decoration: none; color: #000000; cursor: default; outline: none; pointer-events: none;" href="#TOC" name="BSD_3_342024144320407" class="customBookmark"><font style="color: #ffffff; font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">21. Net revenue from sales and services (Consolidated)</font></a></div>
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
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<tr style="height: 1pt;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">03/31/2024</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">&nbsp;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">03/31/2023</font></p>














</td>












</tr>
<tr style="height: 1pt; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; width: 79%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Sales revenue:</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; width: 10%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; width: 1%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; width: 10%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>














</td>












</tr>
<tr style="height: 1pt;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Merchandise</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">31,238,441</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">30,994,500</font></p>














</td>












</tr>
<tr style="height: 1pt; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Services rendered and others</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">420,396</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">378,402</font></p>














</td>












</tr>
<tr style="height: 1pt;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Sales returns, rebates and discounts</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(249,379)</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(232,384)</font></p>














</td>












</tr>
<tr style="height: 1pt; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Amortization of contract assets</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(132,658)</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(115,289)</font></p>














</td>












</tr>
<tr style="height: 1pt;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Deferred revenue</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">192</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">623</font></p>














</td>












</tr>
<tr style="height: 1pt; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">31,276,992</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">31,025,852</font></p>














</td>












</tr>
<tr style="height: 1pt;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Taxes on sales</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(881,090)</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(474,099)</font></p>














</td>












</tr>
<tr style="height: 1pt; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Net revenue</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">30,395,902</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">30,551,753</font></p>














</td>












</tr>



























</table>
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>









</div>








</div>








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

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










</tr>





















</table>
<hr class="horizontalLineRemoved" style="border-bottom-color: #000000; border-top-color: #000000; color: #000000; background-color: #000000;"></hr>
<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div>










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

<tr style="height: 10px;">
<td style="height: 10px; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times; font-size: 12pt; font-weight: bold; float: none; line-height: inherit; display: inline !important;">Ultrapar Participa&#231;&#245;es S.A. and Subsidiaries</font></td>
<td style="height: 10px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><img src="imgc0dec36d433f45a2aa5c.jpg" style="float: right;" alt="Graphics"></font></td>

















</tr>
<tr style="height: 10px;">
<td style="height: 10px;">
<p style="margin: 2pt 0in 0in; text-align: justify; font-size: 11pt; font-family: 'Times New Roman', serif;"><font style="font-family: 'times new roman', times; font-size: 10pt;">
















<b style="mso-bidi-font-weight: normal;">Notes to the interim financial information</b>


</font></p>

















</td>
<td style="height: 10px;"><br></td>

















</tr>
<tr style="height: 10px;">
<td style="font-size: 10pt; height: 10px; width: 75%; border-bottom-width: 1.5pt; border-bottom-style: solid; border-bottom-color: #000080 !important;">
<p style="margin: 2pt 0in 0.0001pt; text-align: justify; font-size: 11pt; font-family: 'Times New Roman', 'serif';"><font style="font-family: 'times new roman', times; font-size: 10pt;"><b style="mso-bidi-font-weight: normal;">For the period ended March 31, 2024</b></font><b><font style="font-size: 9.0pt; font-family: 'Arial','sans-serif';"></font></b></p>

















</td>
<td style="height: 10px; border-bottom-width: 1.5pt; border-bottom-style: solid; border-bottom-color: #000080 !important;"><br></td>

















</tr>



































</table>












</div>
<div>
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<div style="background-color: #002060; margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; widows: 0;"><a style="text-decoration: none; color: #000000; cursor: default; outline: none; pointer-events: none;" href="#TOC" name="BSD_4_342024144335766" class="customBookmark"><font style="color: #ffffff; font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">22. Costs and expenses by nature</font></a></div>
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: justify; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">The Company presents its costs and expenses by function in the consolidated statement of income and presents below its expenses by nature:</font></p>
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<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: 1pt;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>














</td>
<td colspan="3" style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">Parent</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">&nbsp;</font></p>














</td>
<td colspan="3" style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">Consolidated</font></p>














</td>












</tr>
<tr style="height: 1pt;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; 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;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">03/31/2024</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">&nbsp;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; 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; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">03/31/2023</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 8pt;">&nbsp;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; 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;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">03/31/2024</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">&nbsp;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; 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; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">03/31/2023</font></p>














</td>












</tr>
<tr style="height: 1pt; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; width: 57%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Raw materials and materials for use and consumption <font style="font-size: 8pt;"><sup>(1)</sup></font></font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; width: 10%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(1,560)</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; width: 1%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; width: 10%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#8208;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; width: 1%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; width: 10%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(27,820,663)</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; width: 1%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; width: 10%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(28,368,871)</font></p>














</td>












</tr>
<tr style="height: 1pt;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Personnel expenses</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(55,758)</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(50,728)</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(596,271)</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(531,949)</font></p>














</td>












</tr>
<tr style="height: 1pt; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Freight and storage</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(469)</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#8208;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(314,504)</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(318,881)</font></p>














</td>












</tr>
<tr style="height: 1pt;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Decarbonization obligation <font style="font-size: 8pt;"><sup>(2)</sup></font></font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#8208;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#8208;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(182,284)</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(152,815)</font></p>














</td>












</tr>
<tr style="height: 1pt; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Services provided by third parties</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(23,961)</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(18,313)</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(165,948)</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(146,247)</font></p>














</td>












</tr>
<tr style="height: 1pt;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Depreciation and amortization</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(3,122)</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(2,291)</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(208,704)</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(196,118)</font></p>














</td>












</tr>
<tr style="height: 1pt; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Amortization of right-of-use assets</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(604)</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(588) </font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(71,071)</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(75,290)</font></p>














</td>












</tr>
<tr style="height: 1pt;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Advertising and marketing</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(249)</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(93)</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(38,012)</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(36,413)</font></p>














</td>












</tr>
<tr style="height: 1pt; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Other expenses and income, net <font style="font-size: 8pt;"><sup>(3)</sup></font></font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">31,749</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(9,140)</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(84,820)</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(110,555)</font></p>














</td>












</tr>
<tr style="height: 1pt;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt;">SSC/Holding expenses</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">76,604</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">74,894</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#8208;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#8208;</font></p>














</td>












</tr>
<tr style="height: 1pt; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Total</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">22,630</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(6,259)</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(29,482,277)</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(29,937,139)</font></p>














</td>












</tr>
<tr style="height: 1pt;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Classified as:</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>














</td>












</tr>
<tr style="height: 1pt; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Cost of products and services sold</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#8208;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#8208;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(28,334,690)</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(28,839,034)</font></p>














</td>












</tr>
<tr style="height: 1pt;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Selling and marketing </font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#8208;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#8208;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(569,000)</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(510,968)</font></p>














</td>












</tr>
<tr style="height: 1pt; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt;">General and administrative</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(12,588)</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(6,087)</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(440,800)</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(453,927)</font></p>














</td>












</tr>
<tr style="height: 1pt;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Other operating income (expenses), net </font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">35,218</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(172)</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(137,787)</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(133,210)</font></p>














</td>












</tr>
<tr style="height: 1pt; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Total</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">22,630</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(6,259)</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(29,482,277)</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(29,937,139)</font></p>














</td>












</tr>



























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

<tr>
<td style="width: 3%; vertical-align: top; padding: 1px 1px 5px;" valign="top"><font style="color: #000000; font-family: 'times new roman', times; 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: -24px; 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;">(1)</font></td>
<td style="width: 97%; padding: 1px 1px 5px;"><font style="color: #000000; font-family: 'times new roman', times; 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: -24px; 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;">Includes credits of PIS and COFINS that refers to Law 192. For further information, see Note 7.</font></td>












</tr>
<tr>
<td style="vertical-align: top; padding: 1px 1px 5px;" valign="top"><font style="color: #000000; font-family: 'times new roman', times; 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: -24px; 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;">(2)</font></td>
<td style="text-align: justify; padding: 1px 1px 5px;"><font style="font-size: 9pt;"><font style="color: #000000; font-family: 'times new roman', times; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: -24px; 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;">Refers to the obligation adopted by&nbsp;</font>RenovaBio<font style="color: #000000; font-family: 'times new roman', times; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: -24px; 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;to meet&nbsp;</font>decarbonization<font style="color: #000000; font-family: 'times new roman', times; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: -24px; 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;targets for the gas and oil sector. The amounts are presented in Other operating income (expenses), net. For further information, see Note 14.b</font></font></td>












</tr>
<tr>
<td style="vertical-align: top; padding: 1px 1px 5px;" valign="top"><font style="color: #000000; font-family: 'times new roman', times; 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: -24px; 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;">(3)</font></td>
<td style="padding: 1px 1px 5px;"><font style="color: #000000; font-family: 'times new roman', times; 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: -24px; 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;">Includes gains from receipt of asset insurance claims in 2024 in the amount of R$ 35,239.</font></td>












</tr>

























</table>
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: justify; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><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: normal;">&nbsp; &nbsp; &nbsp;</font></font></p>









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</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'>59</font></font></td>










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</table>
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<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div>







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

<tr style="height: 10px;">
<td style="height: 10px; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times; font-size: 12pt; font-weight: bold; float: none; line-height: inherit; display: inline !important;">Ultrapar Participa&#231;&#245;es S.A. and Subsidiaries</font></td>
<td style="height: 10px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><img src="imgc0dec36d433f45a2aa5c.jpg" style="float: right;" alt="Graphics"></font></td>

















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<tr style="height: 10px;">
<td style="height: 10px;">
<p style="margin: 2pt 0in 0in; text-align: justify; font-size: 11pt; font-family: 'Times New Roman', serif;"><font style="font-family: 'times new roman', times; font-size: 10pt;">
















<b style="mso-bidi-font-weight: normal;">Notes to the interim financial information</b>


</font></p>

















</td>
<td style="height: 10px;"><br></td>

















</tr>
<tr style="height: 10px;">
<td style="font-size: 10pt; height: 10px; width: 75%; border-bottom-width: 1.5pt; border-bottom-style: solid; border-bottom-color: #000080 !important;">
<p style="margin: 2pt 0in 0.0001pt; text-align: justify; font-size: 11pt; font-family: 'Times New Roman', 'serif';"><font style="font-family: 'times new roman', times; font-size: 10pt;"><b style="mso-bidi-font-weight: normal;">For the period ended March 31, 2024</b></font><b><font style="font-size: 9.0pt; font-family: 'Arial','sans-serif';"></font></b></p>

















</td>
<td style="height: 10px; border-bottom-width: 1.5pt; border-bottom-style: solid; border-bottom-color: #000080 !important;"><br></td>

















</tr>



































</table>
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<div style="background-color: #002060; margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><a style="text-decoration: none; color: #000000; cursor: default; outline: none; pointer-events: none;" href="#TOC" name="BSD_5_34202414435278" class="customBookmark"><font style="color: #ffffff; font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">23. Financial result</font></a></div>
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<table cellspacing="0" cellpadding="0" style="border-collapse: collapse; margin-left: 0pt; font-family: 'times new roman'; font-size: 10pt; height: 295px; width: 100%;" width="100%">

<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>














</td>
<td colspan="3" style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">Parent</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">&nbsp;</font></p>














</td>
<td colspan="3" style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">Consolidated</font></p>














</td>












</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">03/31/2024</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">&nbsp;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">03/31/2023</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">&nbsp;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">03/31/2024</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">&nbsp;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">03/31/2023</font></p>














</td>












</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; width: 57%; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Finance income:</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; width: 10%; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; width: 1%; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; width: 10%; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; width: 1%; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; width: 10%; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; width: 1%; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; width: 10%; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>














</td>












</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt 0pt 0pt 10pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.4pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Interest on financial investments</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">12,873</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">22,864</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">99,950</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">114,012</font></p>














</td>












</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt 0pt 0pt 10pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.4pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Interest from customers</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#8208;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#8208;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">37,712</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">39,028</font></p>














</td>












</tr>
<tr style="height: 10px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt 0pt 0pt 10pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.4pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Selic interest on PIS/COFINS credits</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">3</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#8208;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">10,792</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">10,847</font></p>














</td>












</tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 10px;">
<p style="margin: 0pt 0pt 0pt 10pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.4pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Update of provisions and other income</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">6,870</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">12,228</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">11,741</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">26,560</font></p>














</td>












</tr>
<tr style="height: 18px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important; height: 18px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">19,746</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 18px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important; height: 18px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">35,092</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 18px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important; height: 18px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">160,195</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 18px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important; height: 18px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">190,447</font></p>














</td>












</tr>
<tr style="height: 18px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 18px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; border-top-width: 2.8pt; border-top-style: double; border-top-color: #000000 !important; height: 18px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 18px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; border-top-width: 2.8pt; border-top-style: double; border-top-color: #000000 !important; height: 18px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 18px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; border-top-width: 2.8pt; border-top-style: double; border-top-color: #000000 !important; height: 18px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 18px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; border-top-width: 2.8pt; border-top-style: double; border-top-color: #000000 !important; height: 18px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>














</td>












</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Financial expenses:</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>














</td>












</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt 0pt 0pt 10pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.4pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Interest on loans</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(293)</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(43,387)</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(261,567)</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(331,533)</font></p>














</td>












</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt 0pt 0pt 10pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.4pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Interest on leases payable</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(183)</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(154)</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(33,547)</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(35,838)</font></p>














</td>












</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt 0pt 0pt 10pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.4pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Update of subscription warrants (see Note 19)</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(6,623)</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(4,415)</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(6,623)</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(4,415)</font></p>














</td>












</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt 0pt 0pt 10pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.4pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Bank charges, financial transactions tax, and other taxes</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(503)</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(1,993)</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(36,396)</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(21,980)</font></p>














</td>












</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt 0pt 0pt 10pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.4pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Exchange variations, net of gain (loss) on hedging instruments</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#8208;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">-</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(90,636)</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(65,891)</font></p>














</td>












</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt 0pt 0pt 10pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.4pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Update of provisions, net, and other expenses</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(11,040)</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(1,762)</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(14,195)</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(42,384)</font></p>














</td>












</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(18,642)</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(51,711)</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(442,964)</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(502,041)</font></p>














</td>












</tr>
<tr style="height: 18px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 18px;">
<p style="margin: 0pt 0pt 0pt 10pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.4pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Total</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important; height: 18px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">1,104</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 18px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important; height: 18px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(16,619)</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 18px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important; height: 18px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(282,769)</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 18px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important; height: 18px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(311,594)</font></p>














</td>












</tr>



























</table>
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; widows: 0;"><br></p>








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

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










</tr>





















</table>
<hr class="horizontalLineRemoved" style="border-bottom-color: #000000; border-top-color: #000000; color: #000000; background-color: #000000;"></hr>
<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div>










</div>











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

<tr style="height: 10px;">
<td style="height: 10px; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times; font-size: 12pt; font-weight: bold; float: none; line-height: inherit; display: inline !important;">Ultrapar Participa&#231;&#245;es S.A. and Subsidiaries</font></td>
<td style="height: 10px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><img src="imgc0dec36d433f45a2aa5c.jpg" style="float: right;" alt="Graphics"></font></td>

















</tr>
<tr style="height: 10px;">
<td style="height: 10px;">
<p style="margin: 2pt 0in 0in; text-align: justify; font-size: 11pt; font-family: 'Times New Roman', serif;"><font style="font-family: 'times new roman', times; font-size: 10pt;">
















<b style="mso-bidi-font-weight: normal;">Notes to the interim financial information</b>


</font></p>

















</td>
<td style="height: 10px;"><br></td>

















</tr>
<tr style="height: 10px;">
<td style="font-size: 10pt; height: 10px; width: 75%; border-bottom-width: 1.5pt; border-bottom-style: solid; border-bottom-color: #000080 !important;">
<p style="margin: 2pt 0in 0.0001pt; text-align: justify; font-size: 11pt; font-family: 'Times New Roman', 'serif';"><font style="font-family: 'times new roman', times; font-size: 10pt;"><b style="mso-bidi-font-weight: normal;">For the period ended March 31, 2024</b></font><b><font style="font-size: 9.0pt; font-family: 'Arial','sans-serif';"></font></b></p>

















</td>
<td style="height: 10px; border-bottom-width: 1.5pt; border-bottom-style: solid; border-bottom-color: #000080 !important;"><br></td>

















</tr>



































</table>
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<div style="background-color: #002060; margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; widows: 0;"><a style="text-decoration: none; color: #000000; cursor: default; outline: none; pointer-events: none;" href="#TOC" name="BSD_6_34202414445703" class="customBookmark"><font style="color: #ffffff; font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">24. Earnings per share (Parent and Consolidated)</font></a></div>
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: justify; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">The table below presents a reconciliation of numerators and denominators used in computing earnings per share. The Company has a stock plan and subscription warrants, as mentioned in Notes 8.c and 19, respectively.</font></p>
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<table cellspacing="0" cellpadding="0" style="border-collapse: collapse; margin-left: 0pt; font-family: 'times new roman'; font-size: 10pt;" width="100%">

<tr style="height: 1pt;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">03/31/2024</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">&nbsp;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">03/31/2023</font></p>














</td>












</tr>
<tr style="height: 1pt;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; 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; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">Total</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">&nbsp;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; 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="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">Total</font></p>














</td>












</tr>
<tr style="height: 1pt; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; width: 79%;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="font-weight: bold;">Basic earnings per share</font><font style="font-weight: bold;">&nbsp;</font> </font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; width: 10%;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">&nbsp;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; width: 1%;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">&nbsp;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; width: 10%;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">&nbsp;</font></p>














</td>












</tr>
<tr style="height: 1pt;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Net income for the period of the Company</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">431,475</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">262,065</font></p>














</td>












</tr>
<tr style="height: 1pt; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Weighted average number of shares outstanding (in thousands)</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">1,099,019</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">1,095,175</font></p>














</td>












</tr>
<tr style="height: 1pt;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Basic earnings per share - R$</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">0.3926</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">0.2393</font></p>














</td>












</tr>
<tr style="height: 1pt; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>














</td>












</tr>
<tr style="height: 1pt;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">Diluted earnings per share </font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>














</td>












</tr>
<tr style="height: 1pt; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>














</td>












</tr>
<tr style="height: 1pt;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Net income for the period of the Company</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">431,475</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">262,065</font></p>














</td>












</tr>
<tr style="height: 1pt; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Weighted average number of outstanding shares (in thousands), including dilution effects</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">1,111,626</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">1,104,648</font></p>














</td>












</tr>
<tr style="height: 1pt;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Diluted earnings per share - R$</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">0.3881</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">0.2372</font></p>














</td>












</tr>
<tr style="height: 1pt; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>














</td>












</tr>
<tr style="height: 1pt;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">Weighted average number of shares (in thousands)</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>














</td>












</tr>
<tr style="height: 1pt; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Weighted average number of shares for basic earnings per share</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">1,099,019</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">1,095,175</font></p>














</td>












</tr>
<tr style="height: 1pt;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Dilution effect</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>














</td>












</tr>
<tr style="height: 1pt; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Subscription warrants</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">3,095</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">3,351</font></p>














</td>












</tr>
<tr style="height: 1pt;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Stock plan</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">9,512</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">6,122</font></p>














</td>












</tr>
<tr style="height: 1pt; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Weighted average number of shares for diluted earnings per share</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">1,111,626</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>














</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">1,104,648</font></p>














</td>












</tr>



























</table>
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; orphans: 0; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Earnings per share were adjusted retrospectively by the issuance of 2,805,230 common shares due to the partial exercise of the rights conferred by the subscription warrants disclosed in Note 19.</font></p>








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

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










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<hr class="horizontalLineRemoved" style="border-bottom-color: #000000; border-top-color: #000000; color: #000000; background-color: #000000;"></hr>
<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div>
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<td style="height: 10px; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times; font-size: 12pt; font-weight: bold; float: none; line-height: inherit; display: inline !important;">Ultrapar Participa&#231;&#245;es S.A. and Subsidiaries</font></td>
<td style="height: 10px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><img src="imgc0dec36d433f45a2aa5c.jpg" style="float: right;" alt="Graphics"></font></td>












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<p style="margin: 2pt 0in 0in; text-align: justify; font-size: 11pt; font-family: 'Times New Roman', serif;"><font style="font-family: 'times new roman', times; font-size: 10pt;">
















<b style="mso-bidi-font-weight: normal;">Notes to the interim financial information</b>


</font></p>












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<td style="font-size: 10pt; height: 10px; width: 75%; border-bottom-width: 1.5pt; border-bottom-style: solid; border-bottom-color: #000080 !important;">
<p style="margin: 2pt 0in 0.0001pt; text-align: justify; font-size: 11pt; font-family: 'Times New Roman', 'serif';"><font style="font-family: 'times new roman', times; font-size: 10pt;"><b style="mso-bidi-font-weight: normal;">For the period ended March 31, 2024</b></font><b><font style="font-size: 9.0pt; font-family: 'Arial','sans-serif';"></font></b></p>












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<p style="margin: 0pt; text-align: left; line-height: 1.2;"><br></p>








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<div style="background-color: #002060; margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; widows: 0;"><a style="text-decoration: none; color: #000000; cursor: default; outline: none; pointer-events: none;" href="#TOC" name="BN25_342024143229553" class="customBookmark"><font style="color: #ffffff; font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">25. Segment information</font></a></div>
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-indent: 0px; line-height: 1.2;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: justify; text-indent: 0px; line-height: 1.2;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">The Company has three relevant business segments, working in energy and infrastructure logistics: Ipiranga, Ultragaz and Ultracargo. The gas distribution segment (Ultragaz) distributes LPG to residential, commercial, and industrial consumers. The fuel distribution segment (Ipiranga) operates the distribution and sale of gasoline, ethanol, diesel, fuel oil, kerosene, natural gas for vehicles, and lubricants and related activities. The storage segment (Ultracargo) operates liquid bulk terminals. The segments shown in the financial statements are strategic business units supplying different products and services. Intersegment sales are made considering the conditions negotiated between the parties.</font></p>
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: justify; text-indent: 0px; line-height: 1.2;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: justify; text-indent: 0px; line-height: 1.2;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">In 2024, the subsidiaries Millenium, Serra Diesel and Abastece A&#237; became part of the Ipiranga segment.&nbsp;The changes reflect the sinergies&nbsp;and unification of the companies operating in the Company's Mobility segment. The amounts relating to the aforementioned subsidiaries were previously presented under column &#8220;Others&#8221;.</font></p>
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: justify; text-indent: 0px; line-height: 1.2;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: justify; text-indent: 0px; line-height: 1.2;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">The Company is restating the 2023 comparative balance for the Ipiranga segment in order to reflect the change in the segment structure.</font></p>








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<div style="margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: justify; text-indent: 0px; line-height: 1.2;"><br></p>
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: justify; text-indent: 0px; line-height: 1.2;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">a. Financial information related to segments</font></p>
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: justify; text-indent: 0px; line-height: 1.2;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: justify; text-indent: 0px; line-height: 1.2;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">The main financial information of each of the continuing operations of the Company&#8217;s segments is as follows. </font></p>
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
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<tr style="height: 17px;">
<td colspan="8" style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">03/31/2024</font></p>










</td>








</tr>
<tr style="height: 0px;">
<td rowspan="2" style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; 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="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">Statement of income</font></p>










</td>
<td rowspan="2" style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; 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="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">Ipiranga</font></p>










</td>
<td rowspan="2" style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; 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="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">Ultragaz</font></p>










</td>
<td rowspan="2" style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; 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="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">Ultracargo</font></p>










</td>
<td rowspan="2" style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; 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="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">Others <font style="font-size: 7pt;"><sup>(1) (2)</sup></font></font></p>










</td>
<td rowspan="2" style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; 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="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">Subtotal </font></p>
<p style="margin: 0pt; text-align: center; line-height: 1.2;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">Segments</font></p>










</td>
<td rowspan="2" style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; 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="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">Eliminations</font></p>










</td>
<td rowspan="2" style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; 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="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">Total</font></p>










</td>








</tr>
<tr style="height: 10px;"></tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 44%; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">Net revenue from sales and services</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 8%; background-color: #cceeff; 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; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">27,693,282</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 8%; background-color: #cceeff; 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; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">2,499,903</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 8%; background-color: #cceeff; 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; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">263,225</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 8%; background-color: #cceeff; 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; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">1,555</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 8%; background-color: #cceeff; 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; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">30,457,965</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 8%; background-color: #cceeff; 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; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">(62,063)</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 8%; background-color: #cceeff; 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; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">30,395,902</font></p>










</td>








</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Transactions with third parties</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">27,693,226</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">2,499,705</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">202,542</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">429</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">30,395,902</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208;</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">30,395,902</font></p>










</td>








</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Intersegment transactions</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">56</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">198</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">60,683</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">1,126</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">62,063</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">(62,063)</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208;</font></p>










</td>








</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Cost of products and services sold</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">(26,312,921)</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">(1,985,309)</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">(92,138)</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208;</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">(28,390,368)</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">55,678</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">(28,334,690)</font></p>










</td>








</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">Gross profit</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; background-color: #cceeff; vertical-align: bottom; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">1,380,361</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; background-color: #cceeff; vertical-align: bottom; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">514,594</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; background-color: #cceeff; vertical-align: bottom; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">171,087</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; background-color: #cceeff; vertical-align: bottom; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">1,555</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; background-color: #cceeff; vertical-align: bottom; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">2,067,597</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; background-color: #cceeff; vertical-align: bottom; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">(6,385)</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; background-color: #cceeff; vertical-align: bottom; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">2,061,212</font></p>










</td>








</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">Operating income (expenses)</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>










</td>








</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Selling and marketing</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">(434,356)</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">(131,081)</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">(3,552)</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">(11)</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">(569,000)</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208;</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">(569,000)</font></p>










</td>








</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">General and administrative</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">(273,652)</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">(80,391)</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">(42,206)</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">(52,412)</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">(448,661)</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">7,861</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">(440,800)</font></p>










</td>








</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Results from disposal of property, plant and equipment and intangible assets</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">36,453</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">311</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">(3)</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">47</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">36,808</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208;</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">36,808</font></p>










</td>








</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Other operating income (expenses), net</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">(165,130)</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">4,296</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">1,690</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">21,357</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">(137,787)</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208;</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">(137,787)</font></p>










</td>








</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">Operating income (loss)</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; background-color: #cceeff; vertical-align: bottom; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">543,676</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; background-color: #cceeff; vertical-align: bottom; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">307,729</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; background-color: #cceeff; vertical-align: bottom; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">127,016</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; background-color: #cceeff; vertical-align: bottom; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">(29,464)</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; background-color: #cceeff; vertical-align: bottom; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">948,957</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; background-color: #cceeff; vertical-align: bottom; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">1,476</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; background-color: #cceeff; vertical-align: bottom; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">950,433</font></p>










</td>








</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Share of profit (loss) of subsidiaries, joint ventures and associates</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">(2,080)</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">(3)</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">1,460</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">(2,461)</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">(3,084)</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208;</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">(3,084)</font></p>










</td>








</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">Income (loss) before financial result and income and social contribution taxes</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; background-color: #cceeff; vertical-align: bottom; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">541,596</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; background-color: #cceeff; vertical-align: bottom; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">307,726</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; background-color: #cceeff; vertical-align: bottom; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">128,476</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; background-color: #cceeff; vertical-align: bottom; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">(31,925)</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; background-color: #cceeff; vertical-align: bottom; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">945,873</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; background-color: #cceeff; vertical-align: bottom; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">1,476</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; background-color: #cceeff; vertical-align: bottom; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">947,349</font></p>










</td>








</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Depreciation of PP&amp;E and amortization of intangible assets</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">97,972</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">76,741</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">29,417</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">3,965</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">208,095</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">(1,477)</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">206,618</font></p>










</td>








</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Amortization of contractual assets with customers - exclusivity rights</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">132,318</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">340</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208;</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208;</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">132,658</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208;</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">132,658</font></p>










</td>








</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Amortization of right-of-use assets</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">47,256</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">15,875</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">7,324</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">616</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">71,071</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208;</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">71,071</font></p>










</td>








</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">Total depreciation and amortization</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">277,546</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">92,956</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">36,741</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">4,581</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">411,824</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">(1,477)</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">410,347</font></p>










</td>








</tr>



















</table>
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>







</div>






</div>






</div>






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

<tr>
<td class="pgno" style="padding: 0px; text-align: center;"><font style="font-size: 10pt;" class="pageno"><font class='pageno'>62</font></font></td>










</tr>





















</table>
<hr class="horizontalLineRemoved" style="border-bottom-color: #000000; border-top-color: #000000; color: #000000; background-color: #000000;"></hr>
<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div>
<div style="width: 8.5in; margin: 0 auto;">
<div>
<table style="font-size: 10pt; width: 100%; height: 30px; border-collapse: collapse; font-family: 'times new roman'; margin: 0px; text-indent: 0px;">

<tr style="height: 10px;">
<td style="height: 10px; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times; font-size: 12pt; font-weight: bold; float: none; line-height: inherit; display: inline !important;">Ultrapar Participa&#231;&#245;es S.A. and Subsidiaries</font></td>
<td style="height: 10px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><img src="imgc0dec36d433f45a2aa5c.jpg" style="float: right;" alt="Graphics"></font></td>












</tr>
<tr style="height: 10px;">
<td style="height: 10px;">
<p style="margin: 2pt 0in 0in; text-align: justify; font-size: 11pt; font-family: 'Times New Roman', serif;"><font style="font-family: 'times new roman', times; font-size: 10pt;">
















<b style="mso-bidi-font-weight: normal;">Notes to the interim financial information</b>


</font></p>












</td>
<td style="height: 10px;"><br></td>












</tr>
<tr style="height: 10px;">
<td style="font-size: 10pt; height: 10px; width: 75%; border-bottom-width: 1.5pt; border-bottom-style: solid; border-bottom-color: #000080 !important;">
<p style="margin: 2pt 0in 0.0001pt; text-align: justify; font-size: 11pt; font-family: 'Times New Roman', 'serif';"><font style="font-family: 'times new roman', times; font-size: 10pt;"><b style="mso-bidi-font-weight: normal;">For the period ended March 31, 2024</b></font><b><font style="font-size: 9.0pt; font-family: 'Arial','sans-serif';"></font></b></p>












</td>
<td style="height: 10px; border-bottom-width: 1.5pt; border-bottom-style: solid; border-bottom-color: #000080 !important;"><br></td>












</tr>

























</table>
<p style="margin: 0pt; text-align: left; line-height: 1.2;"><br></p>








</div>
<table cellspacing="0" cellpadding="0" style="border-collapse: collapse; margin-left: 0pt; font-family: 'times new roman'; font-size: 10pt; height: 309px; width: 100%;" width="100%">

<tr style="height: 17px;">
<td colspan="8" style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">03/31/2023</font></p>










</td>








</tr>
<tr style="height: 0px;">
<td rowspan="2" style="padding-left: 3pt; padding-right: 3pt; 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="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">Statement of income</font></p>










</td>
<td rowspan="2" style="padding-left: 3pt; padding-right: 3pt; 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="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">Ipiranga (Restated)</font></p>










</td>
<td rowspan="2" style="padding-left: 3pt; padding-right: 3pt; 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="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">Ultragaz</font></p>










</td>
<td rowspan="2" style="padding-left: 3pt; padding-right: 3pt; 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="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">Ultracargo</font></p>










</td>
<td rowspan="2" style="padding-left: 3pt; padding-right: 3pt; 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="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">Others <font style="font-size: 7pt;"><sup>(1) (2)</sup></font> (Restated)</font></p>










</td>
<td rowspan="2" style="padding-left: 3pt; padding-right: 3pt; 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="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">Subtotal </font></p>
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">Segments</font></p>










</td>
<td rowspan="2" style="padding-left: 3pt; padding-right: 3pt; 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="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">Eliminations</font></p>










</td>
<td rowspan="2" style="padding-left: 3pt; padding-right: 3pt; 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="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">Total</font></p>










</td>








</tr>
<tr style="height: 10px;"></tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 44%; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">Net revenue from sales and services</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; width: 8%; background-color: #cceeff; 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; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">27,719,112</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; width: 8%; background-color: #cceeff; 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; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">2,640,669</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; width: 8%; background-color: #cceeff; 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; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">236,492</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; width: 8%; background-color: #cceeff; 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; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">2,540</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; width: 8%; background-color: #cceeff; 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; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">30,598,813</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; width: 8%; background-color: #cceeff; 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; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">(47,060)</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; width: 8%; background-color: #cceeff; 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; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">30,551,753</font></p>










</td>








</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Transactions with third parties</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">27,718,928</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">2,640,392</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">189,893</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">2,540</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">30,551,753</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208;</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">30,551,753</font></p>










</td>








</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Intersegment transactions</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">184</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">277</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">46,599</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208;</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">47,060</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">(47,060)</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208;</font></p>










</td>








</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Cost of products and services sold</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">(26,662,294)</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">(2,128,607)</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">(87,705)</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208;</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">(28,878,606)</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">39,572</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">(28,839,034)</font></p>










</td>








</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">Gross profit</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; background-color: #cceeff; 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; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">1,056,818</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; background-color: #cceeff; 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; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">512,062</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; background-color: #cceeff; 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; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">148,787</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; background-color: #cceeff; 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; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">2,540</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; background-color: #cceeff; 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; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">1,720,207</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; background-color: #cceeff; 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; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">(7,488)</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; background-color: #cceeff; 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; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">1,712,719</font></p>










</td>








</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">Operating income (expenses)</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>










</td>








</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Selling and marketing</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">(366,052)</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">(141,312)</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">(3,587)</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">(17)</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">(510,968)</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208;</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">(510,968)</font></p>










</td>








</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">General and administrative</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">(307,060)</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">(72,327)</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">(35,981)</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">(46,047)</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">(461,415)</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">7,488</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">(453,927)</font></p>










</td>








</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Results from disposal of property, plant and equipment and intangible assets</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">55,953</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">(179)</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">(88)</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">(2,909)</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">52,777</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208;</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">52,777</font></p>










</td>








</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Other operating income (expenses), net</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">(138,695)</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">6,096</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">(157)</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">(454)</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">(133,210)</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208;</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">(133,210)</font></p>










</td>








</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">Operating income</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; background-color: #cceeff; 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; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">300,964</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; background-color: #cceeff; 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; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">304,340</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; background-color: #cceeff; 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; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">108,974</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; background-color: #cceeff; 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; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">(46,887)</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; background-color: #cceeff; 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; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">667,391</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; background-color: #cceeff; 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; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">&#8208;</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; background-color: #cceeff; 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; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">667,391</font></p>










</td>








</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Share of profit (loss) of subsidiaries, joint ventures and associates</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">(1,908)</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">(9)</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">(324)</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">12,689</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">10,448</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208;</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">10,448</font></p>










</td>








</tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">Income (loss) before financial result and income and social contribution taxes</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; background-color: #cceeff; 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; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">299,056</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; background-color: #cceeff; 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; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">304,331</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; background-color: #cceeff; 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; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">108,650</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; background-color: #cceeff; 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; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">(34,198)</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; background-color: #cceeff; 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; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">677,839</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; background-color: #cceeff; 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; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">&#8208;</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; background-color: #cceeff; 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; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">677,839</font></p>










</td>








</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Depreciation of PP&amp;E and amortization of intangible assets</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">100,515</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">65,328</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">24,879</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">3,063</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">193,785</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208;</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">193,785</font></p>










</td>








</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Amortization of contractual assets with customers - exclusivity rights</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">131,799</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">339</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208;</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208;</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">132,138</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208;</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">132,138</font></p>










</td>








</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Amortization of right-of-use assets</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">51,820</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">13,998</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">8,867</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">605</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">75,290</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208;</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">75,290</font></p>










</td>








</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">Total depreciation and amortization</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">284,134</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">79,665</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">33,746</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">3,668</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">401,213</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">&#8208;</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">401,213</font></p>










</td>








</tr>



















</table>
<p style="margin: 0px; text-align: justify; text-indent: 0px; line-height: 1.2;"><font style="font-family: 'times new roman', times; font-size: 10pt; vertical-align: super; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0px; text-align: justify; text-indent: 0px; line-height: 1.2;"><font style="font-family: 'times new roman', times; font-size: 8pt; vertical-align: super; line-height: inherit;">&nbsp;</font><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><font style="vertical-align: super; line-height: inherit; font-size: 8pt;">(1) </font>Includes in the line &#8220;General and administrative and Revenue from sale of goods&#8221; the amount of R$ 40,624 in 2024 (R$ 35,427 in 2023) of expenses related to Ultrapar's holding structure.</font></p>
<p style="margin: 0px; text-align: justify; text-indent: 0px; line-height: 1.2;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: justify; text-indent: 0px; line-height: 1.2;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><font style="vertical-align: super; line-height: inherit; font-size: 8pt;">(2) </font>The &#8220;Others&#8221; column refers to the parent Ultrapar and the subsidiaries Serma, Imaven Im&#243;veis Ltda. (&#8220;Imaven&#8221;), Ultrapar International, Ultrapar Empreendimentos, UVC Investimentos, UVC - Fundo de investimento and share of profit (loss) of joint venture RPR.</font></p>
<p style="margin: 0pt;"><font style="font-family: Arial; font-size: 12pt; line-height: inherit;">&nbsp;</font></p>






</div>






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

<tr>
<td class="pgno" style="padding: 0px; text-align: center;"><font style="font-size: 10pt;" class="pageno"><font class='pageno'>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; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div>
<div style="width: 8.5in; margin: 0 auto;">
<div>
<table style="font-size: 10pt; width: 100%; height: 30px; border-collapse: collapse; font-family: 'times new roman'; margin: 0px; text-indent: 0px;">

<tr style="height: 10px;">
<td style="height: 10px; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times; font-size: 12pt; font-weight: bold; float: none; line-height: inherit; display: inline !important;">Ultrapar Participa&#231;&#245;es S.A. and Subsidiaries</font></td>
<td style="height: 10px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><img src="imgc0dec36d433f45a2aa5c.jpg" style="float: right;" alt="Graphics"></font></td>












</tr>
<tr style="height: 10px;">
<td style="height: 10px;">
<p style="margin: 2pt 0in 0in; text-align: justify; font-size: 11pt; font-family: 'Times New Roman', serif;"><font style="font-family: 'times new roman', times; font-size: 10pt;">
















<b style="mso-bidi-font-weight: normal;">Notes to the interim financial information</b>


</font></p>












</td>
<td style="height: 10px;"><br></td>












</tr>
<tr style="height: 10px;">
<td style="font-size: 10pt; height: 10px; width: 75%; border-bottom-width: 1.5pt; border-bottom-style: solid; border-bottom-color: #000080 !important;">
<p style="margin: 2pt 0in 0.0001pt; text-align: justify; font-size: 11pt; font-family: 'Times New Roman', 'serif';"><font style="font-family: 'times new roman', times; font-size: 10pt;"><b style="mso-bidi-font-weight: normal;">For the period ended March 31, 2024</b></font><b><font style="font-size: 9.0pt; font-family: 'Arial','sans-serif';"></font></b></p>












</td>
<td style="height: 10px; border-bottom-width: 1.5pt; border-bottom-style: solid; border-bottom-color: #000080 !important;"><br></td>












</tr>

























</table>
<p style="margin: 0pt; text-align: left; line-height: 1.2;"><br></p>








</div>
<table cellspacing="0" cellpadding="0" style="border-collapse: collapse; margin-left: 0pt; font-family: 'times new roman'; font-size: 10pt; height: 112px; width: 100%;" width="100%">

<tr style="height: 17px;">
<td colspan="8" style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">03/31/2024</font></p>










</td>








</tr>
<tr style="height: 10px;">
<td style="padding-left: 3pt; padding-right: 3pt; 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="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">Main indicators - Cash flows</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; 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="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">Ipiranga</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; 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="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">Ultragaz</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; 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="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">Ultracargo</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; 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="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">Others <sup>(3)</sup></font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; 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="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">Subtotal </font></p>
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">Segments</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; 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="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">Eliminations</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; 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="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">Total</font></p>










</td>








</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px; width: 44%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Acquisition of property, plant and equipment</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; height: 17px; width: 8%; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">68,488</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; height: 17px; width: 8%; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">86,396</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; height: 17px; width: 8%; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">55,314</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; height: 17px; width: 8%; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">68,725</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; height: 17px; width: 8%; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">278,923</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; height: 17px; width: 8%; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208;</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; height: 17px; width: 8%; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">278,923</font></p>










</td>








</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Capitalized interest and other items included in property, plant and equipment and provision for ARO</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">9,067</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208;</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208;</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208;</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">9,067</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208;</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">9,067</font></p>










</td>








</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Acquisition of intangible assets</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">38,460</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">6,656</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">57</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">2,102</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">47,275</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208;</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">47,275</font></p>










</td>








</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Payments of contractual assets with customers - exclusivity rights</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">91,948</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208;</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208;</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208;</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">91,948</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208;</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">91,948</font></p>










</td>








</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Acquisition of CBIOS (Note 14)</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">338,067</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208;</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208;</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208;</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">338,067</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208;</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">338,067</font></p>










</td>








</tr>



















</table>
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: justify; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<table cellspacing="0" cellpadding="0" style="border-collapse: collapse; margin-left: 0pt; font-family: 'times new roman'; font-size: 10pt; height: 136px; width: 100%;" width="100%">

<tr style="height: 17px;">
<td colspan="8" style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">03/31/2023</font></p>










</td>








</tr>
<tr style="height: 34px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 34px; 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="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">Main indicators - Cash flows</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 34px; 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="margin: 0pt; break-after: avoid; break-inside: avoid; text-align: center; line-height: 1.3;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">Ipiranga (Restated)</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 34px; 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="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">Ultragaz</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 34px; 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="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">Ultracargo</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 34px; 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="margin: 0pt; break-after: avoid; break-inside: avoid; text-align: center; line-height: 1.2;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">Others <sup>(3)</sup> (Restated)</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 34px; 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="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">Subtotal </font></p>
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">Segments</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 34px; 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="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">Eliminations</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 34px; 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="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">Total</font></p>










</td>








</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff; width: 44%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Acquisition of property, plant and equipment</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; background-color: #cceeff; width: 8%; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">66,786</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; background-color: #cceeff; width: 8%; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">100,809</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; background-color: #cceeff; width: 8%; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">11,407</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; background-color: #cceeff; width: 8%; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">408</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; background-color: #cceeff; width: 8%; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">179,410</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; background-color: #cceeff; width: 8%; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208;</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; background-color: #cceeff; width: 8%; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">179,410</font></p>










</td>








</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Capitalized interest and other items included in property, plant and equipment and provision for ARO</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">10,906</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208;</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208;</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208;</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">10,906</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208;</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">10,906</font></p>










</td>








</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Acquisition of intangible assets</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">32,465</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">8,891</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">(512)</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">763</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">41,607</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208;</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">41,607</font></p>










</td>








</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Payments of contractual assets with customers - exclusivity rights</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">132,442</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208;</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208;</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208;</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">132,442</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208;</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">132,442</font></p>










</td>








</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Acquisition of CBIOS (Note 14)</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">167,527</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208;</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208;</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208;</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">167,527</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208;</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">167,527</font></p>










</td>








</tr>



















</table>




</div>




</div>
<div>
<div style="width: 8.5in; margin: 0 auto;">
<div style="margin: 0px; text-indent: 0px;">
<div>
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: justify; text-indent: 0px;"><font style="font-size: 10pt; font-family: 'times new roman', times;"><font style="line-height: inherit;">&nbsp;</font></font></p>







</div>
<table cellspacing="0" cellpadding="0" style="border-collapse: collapse; margin-left: 0pt; font-family: 'times new roman'; font-size: 10pt; height: 44px; width: 100%;" width="100%">

<tr style="height: 17px;">
<td colspan="7" style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">03/31/2024</font></p>










</td>








</tr>
<tr style="height: 10px;">
<td style="padding-left: 3pt; padding-right: 3pt; 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="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">Assets</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; 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="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">Ipiranga</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; 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="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">Ultragaz</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; 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="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">Ultracargo</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; 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="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">Others <sup>(3)</sup></font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; 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="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">Subtotal </font></p>
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">Segments</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; 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="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">Total</font></p>










</td>








</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff; width: 52%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Total assets (excluding intersegment transactions)</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff; width: 8%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">23,456,847</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff; width: 8%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">4,144,539</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff; width: 8%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">3,933,195</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff; width: 8%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">5,078,872</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff; width: 8%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">36,613,453</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff; width: 8%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">36,613,453</font></p>










</td>








</tr>



















</table>
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: justify; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<table cellspacing="0" cellpadding="0" style="border-collapse: collapse; margin-left: 0pt; font-family: 'times new roman'; font-size: 10pt; height: 68px; width: 100%;" width="100%">

<tr style="height: 17px;">
<td colspan="7" style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">12/31/2023</font></p>










</td>








</tr>
<tr style="height: 34px;">
<td style="padding-left: 3pt; padding-right: 3pt; height: 34px; 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="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">Assets</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 34px; 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="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">Ipiranga (Restated)</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 34px; 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="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">Ultragaz</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 34px; 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="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">Ultracargo</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 34px; 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="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">Others <sup>(3)</sup> (Restated)</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 34px; 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="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">Subtotal </font></p>
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">Segments</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 34px; 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="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">Total</font></p>










</td>








</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff; width: 52%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Total assets (excluding intersegment transactions)</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff; width: 8%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">25,511,804</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff; width: 8%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">4,144,983</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff; width: 8%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">3,233,270</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff; width: 8%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">5,361,917</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff; width: 8%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">38,251,974</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff; width: 8%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">38,251,974</font></p>










</td>








</tr>



















</table>
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: justify; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: justify; widows: 0;"><font style="font-size: 10pt; font-family: 'times new roman', times;"><font style="vertical-align: super; line-height: inherit; font-size: 8pt;">(3) </font><font style="line-height: inherit;">The &#8220;Others&#8221; column refers to the parent Ultrapar and the subsidiaries Serma, Imaven Im&#243;veis Ltda. (&#8220;Imaven&#8221;), Ultrapar International, Ultrapar Empreendimentos, UVC Investimentos, UVC - Fundo de investimento and share of profit (loss) of joint venture RPR.</font></font></p>
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: justify; text-indent: 0px;"><font style="font-size: 10pt; font-family: 'times new roman', times;"><font style="line-height: inherit;">&nbsp;</font></font></p>








</div>
<div>
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: justify; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold;">b. Geographic area information</font></p>
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">The subsidiaries generate revenue from operations in Brazil, as well as from exports of products and services to foreign customers, as disclosed below:</font></p>
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<table cellspacing="0" cellpadding="0" style="border-collapse: collapse; margin-left: 0pt; font-family: 'times new roman'; font-size: 10pt; height: 136px; width: 100%;" width="100%">

<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">&nbsp;</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">03/31/2024</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">&nbsp;</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">03/31/2023</font></p>










</td>








</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Net revenue from sales and services:</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>










</td>








</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 75%;">
<p style="margin: 0pt 0pt 0pt 10pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.4pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Brazil</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 12%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;"> 29,705,047</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 1%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 12%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;"> 30,043,666</font></p>










</td>








</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt 0pt 0pt 10pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.4pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Europe</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;"> 20,519</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;"> 122,362</font></p>










</td>








</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt 0pt 0pt 10pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.4pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">United States of America and Canada</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;"> 558,748</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;"> 358,331</font></p>










</td>








</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt 0pt 0pt 10pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.4pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Other Latin American countries</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;"> 57,957</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;"> 20,643</font></p>










</td>








</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt 0pt 0pt 10pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.4pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Others</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;"> 53,631</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;"> 6,751</font></p>










</td>








</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt 0pt 0pt 10pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.4pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">Total </font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> 30,395,902</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">&nbsp;</font></p>










</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> 30,551,753</font></p>










</td>








</tr>



















</table>
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>





</div>





</div>





</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'>64</font></font></td>












</tr>

























</table>
<hr class="horizontalLineRemoved" style="border-bottom-color: #000000; border-top-color: #000000; color: #000000; background-color: #000000;"></hr>
<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div>
<div style="width: 8.5in; margin: 0 auto;">
<div>
<div>
<table style="font-size: 10pt; width: 100%; height: 30px; border-collapse: collapse; font-family: 'times new roman';">

<tr style="height: 10px;">
<td style="height: 10px; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times; font-size: 12pt; font-weight: bold; float: none; line-height: inherit; display: inline !important;">Ultrapar Participa&#231;&#245;es S.A. and Subsidiaries</font></td>
<td style="height: 10px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><img src="imgc0dec36d433f45a2aa5c.jpg" style="float: right;" alt="Graphics"></font></td>














</tr>
<tr style="height: 10px;">
<td style="height: 10px;">
<p style="margin: 2pt 0in 0in; text-align: justify; font-size: 11pt; font-family: 'Times New Roman', serif;"><font style="font-family: 'times new roman', times; font-size: 10pt;">
















<b style="mso-bidi-font-weight: normal;">Notes to the interim financial information</b>


</font></p>














</td>
<td style="height: 10px;"><br></td>














</tr>
<tr style="height: 10px;">
<td style="font-size: 10pt; height: 10px; width: 75%; border-bottom-width: 1.5pt; border-bottom-style: solid; border-bottom-color: #000080 !important;">
<p style="margin: 2pt 0in 0.0001pt; text-align: justify; font-size: 11pt; font-family: 'Times New Roman', 'serif';"><font style="font-family: 'times new roman', times; font-size: 10pt;"><b style="mso-bidi-font-weight: normal;">For the period ended March 31, 2024</b></font><b><font style="font-size: 9.0pt; font-family: 'Arial','sans-serif';"></font></b></p>














</td>
<td style="height: 10px; border-bottom-width: 1.5pt; border-bottom-style: solid; border-bottom-color: #000080 !important;"><br></td>














</tr>





























</table>
<p style="margin: 0pt; text-align: left; line-height: 1.2;"><br></p>










</div>
<div style="background-color: #002060; margin: 0px; break-after: avoid; break-inside: avoid; text-align: justify; text-indent: 0px;"><a style="text-decoration: none; color: #000000; cursor: default; outline: none; pointer-events: none;" href="#TOC" name="Bn26_342024143042650" class="customBookmark"><font style="font-size: 10pt; font-family: 'times new roman', times;"><font style="color: #ffffff; font-weight: bold;">26. Risks and financial instruments (Consolidated)</font></font></a></div>
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: justify; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: justify; line-height: 1.2; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">a. Risk management and financial instruments - governance </font></p>
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: justify; line-height: 1.2; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: justify; line-height: 1.2; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">The main risks to which the Company and its subsidiaries are exposed reflect strategic/operational and economic/financial aspects. Operational/strategic risks (including, but not limited to, demand behavior, competition, technological innovation, and material changes in the industry structure) are addressed by the Company&#8217;s management model. Economic/financial risks primarily reflect default of customers, behavior of macroeconomic variables, such as commodities prices, exchange and interest rates, as well as the characteristics of the financial instruments used by the Company and its subsidiaries and their counterparties. These risks are managed through control policies, specific strategies, and the establishment of limits. </font></p>
<p style="margin: 0px; text-align: justify; line-height: 1.2; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: justify; line-height: 1.2; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">The Company has a policy for the management of resources, financial instruments, and risks approved by its Board of Directors (&#8220;Policy&#8221;). In accordance with the Policy, the main objectives of financial management are to preserve the value and liquidity of financial assets and ensure financial resources for the development of the business, including expansions. The main financial risks considered in the Policy are market risks (currencies, interest rates and commodities), liquidity and credit. The governance of the management of financial risks follows the segregation of duties below.</font></p>
<p style="margin: 0px; text-align: justify; line-height: 1.2; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: justify; line-height: 1.2; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">The execution of the Policy is made by corporate financial board, through its treasury department, with the assistance of the controllership, lax and legal departments. </font></p>
<p style="margin: 0px; text-align: justify; line-height: 1.2; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: justify; line-height: 1.2; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">The monitoring of compliance of the Policy and possible issues is the responsibility of the Financial Risk Committee (&#8220;Committee&#8221;), which is composed of the CFO, Administration and Control Director and other directors to be designated by the CFO, who meet quarterly. The monthly monitoring of Policy standards is the responsibility of the CFO.</font></p>
<p style="margin: 0px; text-align: justify; line-height: 1.2; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: justify; line-height: 1.2; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">The approval of the Policy and the periodic assessment of Company exposure to financial risks are subject to the approval of the Company&#8217;s Board of Directors.</font></p>
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: justify; line-height: 1.2; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: justify; line-height: 1.2; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">The Audit and Risk Committee (&#8220;CAR&#8221;) advises the Board of Directors in the assessment of controls effectiveness, and the parameters of management and exposure of the Company to financial risks, and advices the Board of Directors in the assessment of eventual proposals for revision of the Policy. The Risk, Integrity and Audit Director monitors compliance with the Policy and reports to CAR the exposure to the risks and compliance with such Policy and reports any non-compliance with the Policy to the Board of Directors.</font></p>
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: justify; line-height: 1.2; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>








</div>
<div style="margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; line-height: 1.2; text-indent: 0px;"><font style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"><font style="font-style: italic; font-weight: bold; line-height: inherit;">b. Currency risk</font></font></p>
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: justify; line-height: 1.2; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: justify; line-height: 1.2; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Most transactions of the Company, through its subsidiaries, are located in Brazil and , therefore, the reference currency for risk management is the Brazilian Real (Company&#8217;s functional currency). Currency risk management is guided by neutrality of currency exposures and considers the risks of the Company and its subsidiaries and their exposure to changes in exchange rates. The Company considers as its main currency exposures the changes in assets and liabilities in foreign currency.</font></p>
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: justify; line-height: 1.2; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: justify; line-height: 1.2; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">The Company and its subsidiaries use exchange rate hedging instruments (especially between the Brazilian Real and the U.S. dollar) available in the financial market to protect their assets, liabilities, receipts, and disbursements in foreign currency and net investments in foreign operations. Hedge is used in order to reduce the effects of exchange rates on the Company&#180;s income and cash flows in Brazilian Reais within the exposure limits under its Policy. Such foreign exchange hedging instruments have amounts, periods, and rates substantially equivalent to those of assets, liabilities, receipts, and disbursements in foreign currencies to which they are related.</font></p>







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<td style="height: 10px; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times; font-size: 12pt; font-weight: bold; float: none; line-height: inherit; display: inline !important;">Ultrapar Participa&#231;&#245;es S.A. and Subsidiaries</font></td>
<td style="height: 10px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><img src="imgc0dec36d433f45a2aa5c.jpg" style="float: right;" alt="Graphics"></font></td>












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<b style="mso-bidi-font-weight: normal;">Notes to the interim financial information</b>


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<td style="font-size: 10pt; height: 10px; width: 75%; border-bottom-width: 1.5pt; border-bottom-style: solid; border-bottom-color: #000080 !important;">
<p style="margin: 2pt 0in 0.0001pt; text-align: justify; font-size: 11pt; font-family: 'Times New Roman', 'serif';"><font style="font-family: 'times new roman', times; font-size: 10pt;"><b style="mso-bidi-font-weight: normal;">For the period ended March 31, 2024</b></font><b><font style="font-size: 9.0pt; font-family: 'Arial','sans-serif';"></font></b></p>












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<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Assets and liabilities in foreign currencies are stated below, translated into Brazilian Reais:</font></p>
<p style="margin: 0pt;"><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 0pt 12pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; widows: 0;"><font style="font-size: 10pt; font-family: 'times new roman', times;"><font style="font-style: italic; font-weight: bold;">b.1 Assets and liabilities in foreign currencies</font></font></p>
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<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">03/31/2024</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom-width: 1px; border-bottom-style: solid; height: 10px; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">12/31/2023</font></p>












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<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Assets in foreign currency</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-top-width: 1px; border-top-style: solid; height: 17px; border-top-color: #000000 !important; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-top-width: 1px; border-top-style: solid; height: 17px; border-top-color: #000000 !important; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>












</td>










</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 75%;">
<p style="margin: 0pt 0pt 0pt 10pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.4pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Cash, cash equivalents and financial investments in foreign currency (except hedging instruments)</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 12%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">1,740,794</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; width: 1%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 12%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">371,474</font></p>












</td>










</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt 0pt 0pt 10pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.4pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Foreign trade receivables, net of allowance for expected credit losses</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">61,186</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">84,855</font></p>












</td>










</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt 0pt 0pt 10pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.4pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Other receivables</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">749,430</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">715,877</font></p>












</td>










</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt 0pt 0pt 10pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.4pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Other assets of foreign subsidiaries</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff; border-bottom: 1px solid #000000;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">9,501</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff; border-bottom: 1px solid #000000;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">152,393</font></p>












</td>










</tr>
<tr style="height: 10px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom-width: 2.8pt; border-bottom-style: double; height: 10px; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">2,560,911</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom-width: 2.8pt; border-bottom-style: double; height: 10px; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">1,324,599</font></p>












</td>










</tr>
<tr style="height: 18px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 18px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Liabilities in foreign currency</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>












</td>










</tr>
<tr style="height: 10px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px;">
<p style="margin: 0pt 0pt 0pt 10pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.4pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Financing in foreign currency, gross of transaction costs and negative goodwill of notes in the foreign market <font style="font-size: 8pt;"><sup>(1)</sup></font></font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(6,094,798)</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(5,297,013)</font></p>












</td>










</tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt 0pt 0pt 10pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.4pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Payables arising from imports</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(352,072)</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(1,730,426)</font></p>












</td>










</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt 0pt 0pt 10pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.4pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Liabilities exposure of subsidiaries held for sale</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom-width: 1px; border-bottom-style: solid; height: 17px; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#8208;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom-width: 1px; border-bottom-style: solid; height: 17px; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#8208;</font></p>












</td>










</tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom-width: 2.8pt; border-bottom-style: double; height: 10px; border-bottom-color: #000000 !important; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(6,446,870)</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom-width: 2.8pt; border-bottom-style: double; height: 10px; border-bottom-color: #000000 !important; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(7,027,439)</font></p>












</td>










</tr>
<tr style="height: 10px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-top-width: 2.8pt; border-top-style: double; height: 10px; border-top-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-top-width: 2.8pt; border-top-style: double; height: 10px; border-top-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>












</td>










</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Balance (gross) of foreign currency hedging instruments</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">3,564,756</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">5,309,125</font></p>












</td>










</tr>
<tr style="height: 10px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; height: 10px; border-top-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; height: 10px; border-top-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>












</td>










</tr>
<tr style="height: 18px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 18px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Net liability position - total</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom-width: 2.8pt; border-bottom-style: double; height: 18px; border-bottom-color: #000000 !important; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(321,203)</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom-width: 2.8pt; border-bottom-style: double; height: 18px; border-bottom-color: #000000 !important; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(393,715)</font></p>












</td>










</tr>
<tr style="height: 10px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-top-width: 2.8pt; border-top-style: double; height: 10px; border-top-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-top-width: 2.8pt; border-top-style: double; height: 10px; border-top-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>












</td>










</tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Net liability position - effect on statement of income</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(321,203)</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(382,858)</font></p>












</td>










</tr>
<tr style="height: 10px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Net liability position - effect on equity</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#8208;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(10,857)</font></p>












</td>










</tr>























</table>
<p style="margin: 0pt; break-after: avoid; break-inside: avoid; line-height: 1.2;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt 0pt 0pt 19.6pt; text-indent: -18pt; line-height: 1.2;"><font style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"><font style="font-weight: normal; vertical-align: super; line-height: inherit; font-size: 8pt;">(1)</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;</font>As of March 31, 2024, the amount of negative goodwill of notes in the foreign market was R$ 7,629 (R$ 8,107 as of December 31, 2022=3).</font></p>
<p style="margin: 0pt; line-height: 1.2;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; break-after: avoid; break-inside: avoid; text-align: justify; line-height: 1.2;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">b.2 Sensitivity analysis of assets and liabilities in foreign currency</font></p>
<p style="margin: 0pt; break-after: avoid; break-inside: avoid; text-align: justify; line-height: 1.2;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; break-after: avoid; break-inside: avoid; text-align: justify; line-height: 1.2;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">For the base scenario, the average U.S. dollar rate of R$ 5.0892 (*) was used, based on future market curves as of March 31, 2024 on the net position of the Company exposed to the currency risk, simulating the effects of appreciation and devaluation of the Real in the income statement. As of March 31, 2024, the closing rate considered was R$ 4.9962.</font></p>







</div>






</div>






</div>






</div>
<div>
<p style="margin: 0pt; break-after: avoid; break-inside: avoid; text-align: justify; line-height: 1.2;"><br></p>
<div>
<table style="width: 100%; font-family: 'times new roman'; font-size: 10pt;">

<tr>
<td class="pgno" style="padding: 0px; text-align: center;"><font style="font-size: 10pt;" class="pageno"><font class='pageno'>66</font></font></td>











</tr>























</table>
<hr class="horizontalLineRemoved" style="border-bottom-color: #000000; border-top-color: #000000; color: #000000; background-color: #000000;"></hr>
<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div>
<div style="width: 8.5in; margin: 0 auto;">
<div>
<div>
<table style="font-size: 10pt; width: 100%; height: 30px; border-collapse: collapse; font-family: 'times new roman'; margin: 0px; text-indent: 0px;">

<tr style="height: 10px;">
<td style="height: 10px; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times; font-size: 12pt; font-weight: bold; float: none; line-height: inherit; display: inline !important;">Ultrapar Participa&#231;&#245;es S.A. and Subsidiaries</font></td>
<td style="height: 10px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><img src="imgc0dec36d433f45a2aa5c.jpg" style="float: right;" alt="Graphics"></font></td>













</tr>
<tr style="height: 10px;">
<td style="height: 10px;">
<p style="margin: 2pt 0in 0in; text-align: justify; font-size: 11pt; font-family: 'Times New Roman', serif;"><font style="font-family: 'times new roman', times; font-size: 10pt;">
















<b style="mso-bidi-font-weight: normal;">Notes to the interim financial information</b>


</font></p>













</td>
<td style="height: 10px;"><br></td>













</tr>
<tr style="height: 10px;">
<td style="font-size: 10pt; height: 10px; width: 75%; border-bottom-width: 1.5pt; border-bottom-style: solid; border-bottom-color: #000080 !important;">
<p style="margin: 2pt 0in 0.0001pt; text-align: justify; font-size: 11pt; font-family: 'Times New Roman', 'serif';"><font style="font-family: 'times new roman', times; font-size: 10pt;"><b style="mso-bidi-font-weight: normal;">For the period ended March 31, 2024</b></font><b><font style="font-size: 9.0pt; font-family: 'Arial','sans-serif';"></font></b></p>













</td>
<td style="height: 10px; border-bottom-width: 1.5pt; border-bottom-style: solid; border-bottom-color: #000080 !important;"><br></td>













</tr>



























</table>
<p style="margin: 0pt; text-align: left; line-height: 1.2;">&nbsp;</p>









</div>









</div>
<div>
<p style="margin: 0pt; break-after: avoid; break-inside: avoid; text-align: justify; line-height: 1.2;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">The table below shows the effects of the exchange rate changes on the net liability position of R$ 321,203 in foreign currency as of March 31, 2024:</font></p>
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<table cellspacing="0" cellpadding="0" style="border-collapse: collapse; margin-left: 0pt; font-family: 'times new roman'; font-size: 10pt; height: 103px; width: 100%;" width="100%">

<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">Risk</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">Probable Scenario</font></p>












</td>









</tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px; background-color: #cceeff; width: 73%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Effect on statement of income</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px; background-color: #cceeff; width: 15%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Real devaluation</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px; background-color: #cceeff; width: 12%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">(5,775)</font></p>












</td>









</tr>
<tr style="height: 10px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Effect on equity</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Real devaluation</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">(209)</font></p>












</td>









</tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Net effect</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; 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: 10px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">(5,984)</font></p>












</td>









</tr>
<tr style="height: 18px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-top-width: 2.8pt; border-top-style: double; border-top-color: #000000 !important; height: 18px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>












</td>









</tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Effect on statement of income</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Real appreciation</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">5,775</font></p>












</td>









</tr>
<tr style="height: 10px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Effect on equity</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Real appreciation</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">209</font></p>












</td>









</tr>
<tr style="height: 18px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 18px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 18px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Net effect</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; 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: 18px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">5,984</font></p>












</td>









</tr>






















</table>
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-indent: 0px; line-height: 1.2;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">(*) Average US dollar as of March 31, 2024, according to benchmark rates as published by B3.</font></p>
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: justify; text-indent: 0px; line-height: 1.2;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>









</div>
<div style="margin: 0px; text-indent: 0px; line-height: 1.2;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: justify; text-indent: 0px;"><font style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"><font style="font-style: italic; font-weight: bold; line-height: inherit;">c. Interest rate risk</font></font></p>
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: justify; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: justify; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">The Company and its subsidiaries adopt policies for borrowing and investing financial resources and for capital cost minimization. The financial investments of the Company and its subsidiaries are primarily held in transactions linked to the DI, as set forth in Note 4. Fundraising primarily relates to debentures and borrowings in foreign currency, as disclosed in Note 15.</font></p>
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: justify; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: justify; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">The Company seeks to maintain most of its interest financial assets and liabilities at floating rates.</font></p>
<p style="margin: 0px; text-align: justify; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>









</div>
<div style="margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-indent: 0px; line-height: 1.2;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font><font style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"><font style="font-style: italic; font-weight: bold; line-height: inherit;">c.1 Assets and liabilities exposed to floating interest rates</font></font></p>
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: justify; text-indent: 0px; line-height: 1.2;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: justify; text-indent: 0px; line-height: 1.2;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">The financial assets and liabilities exposed to floating interest rates are demonstrated below:</font></p>
<p style="margin: 0pt; break-after: avoid; break-inside: avoid; text-align: justify; line-height: 1.2;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<table cellspacing="0" cellpadding="0" style="border-collapse: collapse; margin-left: 0pt; font-family: 'times new roman'; font-size: 10pt; height: 199px; width: 100%;" width="100%">

<tr style="height: 10px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">Note</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">03/31/2024</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">12/31/2023</font></p>












</td>












</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff; width: 67%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">DI</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff; width: 8%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff; width: 12%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff; width: 1%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff; width: 12%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>












</td>












</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Cash equivalents</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">4.a</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">3,401,897</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">5,476,726</font></p>












</td>












</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Financial investments</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">4.b</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">107,440</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">82,592</font></p>












</td>












</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Trade receivables - sale of subsidiaries</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">5.c</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">214,284</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">208,487</font></p>












</td>












</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Loans and debentures</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">15</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">(1,843,974)</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">(1,242,524)</font></p>












</td>












</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Liability position of foreign exchange hedging instruments - DI</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;">26.h</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">(3,587,325)</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">(4,629,475)</font></p>












</td>












</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Liability position of fixed interest instruments + IPCA - DI</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;">26.h</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">(3,944,348)</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">(3,938,201)</font></p>












</td>












</tr>
<tr style="height: 10px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Net liability position in DI</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-top-width: 1px; border-top-style: solid; border-bottom-width: 2.8pt; border-bottom-style: double; height: 10px; border-top-color: #000000 !important; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">(5,652,026)</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-top-width: 1px; border-top-style: solid; border-bottom-width: 2.8pt; border-bottom-style: double; height: 10px; border-top-color: #000000 !important; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">(4,042,395)</font></p>












</td>












</tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-top-width: 2.8pt; border-top-style: double; border-top-color: #000000 !important; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-top-width: 2.8pt; border-top-style: double; border-top-color: #000000 !important; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>












</td>












</tr>
<tr style="height: 10px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">TJLP</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>












</td>












</tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Loans &#8211; TJLP</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">15</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">(1,118)</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">(1,264)</font></p>












</td>












</tr>
<tr style="height: 10px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Net liability position in TJLP</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; 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: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">(1,118)</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; 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: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">(1,264)</font></p>












</td>












</tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-top-width: 2.8pt; border-top-style: double; border-top-color: #000000 !important; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-top-width: 2.8pt; border-top-style: double; border-top-color: #000000 !important; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>












</td>












</tr>
<tr style="height: 10px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">Total net liability position exposed to floating interest</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">(5,653,144)</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">(4,043,659)</font></p>












</td>












</tr>

























</table>
<p style="margin: 0px; text-align: justify; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>







</div>






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<div style="margin: 0px; text-indent: 0px;">
<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'>67</font></font></td>











</tr>























</table>
<hr class="horizontalLineRemoved" style="border-bottom-color: #000000; border-top-color: #000000; color: #000000; background-color: #000000;"></hr>
<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div>
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<td style="height: 10px; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times; font-size: 12pt; font-weight: bold; float: none; line-height: inherit; display: inline !important;">Ultrapar Participa&#231;&#245;es S.A. and Subsidiaries</font></td>
<td style="height: 10px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><img src="imgc0dec36d433f45a2aa5c.jpg" style="float: right;" alt="Graphics"></font></td>













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<tr style="height: 10px;">
<td style="height: 10px;">
<p style="margin: 2pt 0in 0in; text-align: justify; font-size: 11pt; font-family: 'Times New Roman', serif;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">
















<b style="mso-bidi-font-weight: normal;">Notes to the interim financial information</b>


</font></p>













</td>
<td style="height: 10px;"><br></td>













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<tr style="height: 10px;">
<td style="font-size: 10pt; height: 10px; width: 75%; border-bottom-width: 1.5pt; border-bottom-style: solid; border-bottom-color: #000080 !important;">
<p style="margin: 2pt 0in 0.0001pt; text-align: justify; font-size: 11pt; font-family: 'Times New Roman', 'serif';"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><b style="mso-bidi-font-weight: normal;">For the period ended March 31, 2024</b></font><b><font style="font-size: 9pt; font-family: Arial, 'sans-serif'; line-height: inherit;"></font></b></p>













</td>
<td style="height: 10px; border-bottom-width: 1.5pt; border-bottom-style: solid; border-bottom-color: #000080 !important;"><br></td>













</tr>



























</table>
<p style="margin: 0pt; text-align: left; line-height: 1.2;"><br></p>









</div>
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: justify; text-indent: 0px; line-height: 1.2;"><font style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"><font style="font-style: italic; font-weight: bold; line-height: inherit;">c.2 Sensitivity analysis of floating interest rate risk</font></font></p>
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: justify; text-indent: 0px; line-height: 1.2;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: justify; text-indent: 0px; line-height: 1.2;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">For the sensitivity analysis of floating rate risks as of March 31, 2024, the Company used the market curves of the benchmark indexes (DI and TJLP) as a base scenario.</font></p>
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: justify; text-indent: 0px; line-height: 1.2;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: justify; text-indent: 0px; line-height: 1.2;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">The tables below show the incremental expenses and income that would be recognized in finance income, if the market curves of floating interest at the base date were applied to the average balances of the current year, due to the effect of floating interest rate.</font></p>
<p style="margin: 0pt; break-after: avoid; break-inside: avoid; text-align: justify; line-height: 1.2;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<table cellspacing="0" cellpadding="0" style="border-collapse: collapse; margin-left: 0pt; font-family: 'times new roman'; font-size: 10pt; width: 100%;" width="100%">

<tr style="height: 1pt;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 74.5098%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 13.1127%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; width: 12.2549%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">03/31/2024</font></p>












</td>









</tr>
<tr style="height: 1pt; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; width: 74.5098%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; text-decoration: underline; line-height: inherit;">Exposure to floating interest</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; width: 13.1127%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">Risk</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-top-width: 1px; border-top-style: solid; background-color: #cceeff; width: 12.2549%; border-top-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">Probable Scenario</font></p>












</td>









</tr>
<tr style="height: 1pt;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 74.5098%;">
<p style="margin: 0pt 0pt 0pt 10pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.4pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Effect on interest of cash equivalents and financial investments</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 13.1127%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Decrease in DI <font style="font-size: 8pt; line-height: inherit;"><sup>(i)</sup></font></font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 12.2549%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">(8,020)</font></p>












</td>









</tr>
<tr style="height: 1pt; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; width: 74.5098%;">
<p style="margin: 0pt 0pt 0pt 10pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.4pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Effect on interest of debt in DI</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; width: 13.1127%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Decrease in DI <font style="font-size: 8pt; line-height: inherit;"><sup>(i)</sup></font></font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; width: 12.2549%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">3,508</font></p>












</td>









</tr>
<tr style="height: 1pt;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 74.5098%;">
<p style="margin: 0pt 0pt 0pt 10pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.4pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Effect on income of short positions in DI of debt hedging instruments</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 13.1127%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Decrease in DI <font style="font-size: 8pt; line-height: inherit;"><sup>(i)</sup></font></font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; width: 12.2549%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">27,290</font></p>












</td>









</tr>
<tr style="height: 1pt; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; width: 74.5098%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Incremental revenues/(expenses)</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; width: 13.1127%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-top-width: 1px; border-top-style: solid; border-bottom-width: 2.8pt; border-bottom-style: double; background-color: #cceeff; border-top-color: #000000 !important; border-bottom-color: #000000 !important; width: 12.2549%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">22,778</font></p>












</td>









</tr>
<tr style="height: 1pt;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 74.5098%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 13.1127%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-top-width: 2.8pt; border-top-style: double; border-top-color: #000000 !important; width: 12.2549%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>












</td>









</tr>
<tr style="height: 1pt; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; width: 74.5098%;">
<p style="margin: 0pt 0pt 0pt 10pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.4pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Effect on interest of debt in TJLP</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; width: 13.1127%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">TJLP decrease</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom-width: 1px; border-bottom-style: solid; background-color: #cceeff; border-bottom-color: #000000 !important; width: 12.2549%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">2</font></p>












</td>









</tr>
<tr style="height: 1pt;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 74.5098%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Incremental expenses</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 13.1127%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; 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; width: 12.2549%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">2</font></p>












</td>









</tr>






















</table>
<p style="margin: 0pt; break-after: avoid; break-inside: avoid; text-align: justify; line-height: 1.2;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; line-height: 1.2;"><font style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"><font style="vertical-align: super; line-height: inherit;">(i) </font>The annual base rate used was 12.65% and the sensitivity rate was 11.42% according to reference rates made available by B3, proportional to the 3 month period to sensitivity analysis.</font></p>









</div>
<div style="line-height: 1.2;">
<p style="margin: 0pt;"><br></p>
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: justify; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">d. Credit risks</font></p>
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">The financial instruments that would expose the Company and its subsidiaries to credit risks of the counterparty are basically represented by cash and cash equivalents, financial investments, hedging instruments and other receivables (see Note 4), and trade receivables (see Note 5). </font></p>
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: justify; widows: 0;"><br></p>









</div>
<div style="line-height: 1.2;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><font style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"><font style="font-style: italic; font-weight: bold; line-height: inherit;">d.1 Counterparties credit risk</font></font></p>
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: justify; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Such risk results from the inability of counterparties to comply with their financial obligations to the Company and its subsidiaries due to insolvency, in addition to the risk related to the assets which composes an exposure. The Company and its subsidiaries regularly conduct a credit analysis of the institutions with which they hold cash and cash equivalents, financial investments, and hedging instruments through various methodologies that assess liquidity, solvency, leverage, portfolio quality, among others, prioritizing security and solidity. The volume of cash and cash equivalents, financial investments, hedging instruments and other assets are subject to maximum limits by each institution and, therefore, require diversification of counterparties.</font></p>









</div>
<div>
<p style="margin: 0pt; break-after: avoid; break-inside: avoid; text-align: justify; line-height: 1.2;"><font style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; break-after: avoid; break-inside: avoid; text-align: justify; line-height: 1.2;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">The Company's policy allows investments in government securities from countries with determined investment grade attributed by specialized credit rating agencies (S&amp;P, Moody&#8217;s and Fitch) and in Brazilian government bonds. The volume of such financial investments is subject to maximum limits by each country and, therefore, requires diversification of counterparties.</font></p>







</div>






</div>






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











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<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div>
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<td style="height: 10px; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times; font-size: 12pt; font-weight: bold; float: none; line-height: inherit; display: inline !important;">Ultrapar Participa&#231;&#245;es S.A. and Subsidiaries</font></td>
<td style="height: 10px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><img src="imgc0dec36d433f45a2aa5c.jpg" style="float: right;" alt="Graphics"></font></td>













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<p style="margin: 2pt 0in 0in; text-align: justify; font-size: 11pt; font-family: 'Times New Roman', serif;"><font style="font-family: 'times new roman', times; font-size: 10pt;">
















<b style="mso-bidi-font-weight: normal;">Notes to the interim financial information</b>


</font></p>













</td>
<td style="height: 10px;"><br></td>













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<tr style="height: 10px;">
<td style="font-size: 10pt; height: 10px; width: 75%; border-bottom-width: 1.5pt; border-bottom-style: solid; border-bottom-color: #000080 !important;">
<p style="margin: 2pt 0in 0.0001pt; text-align: justify; font-size: 11pt; font-family: 'Times New Roman', 'serif';"><font style="font-family: 'times new roman', times; font-size: 10pt;"><b style="mso-bidi-font-weight: normal;">For the period ended March 31, 2024</b></font><b><font style="font-size: 9.0pt; font-family: 'Arial','sans-serif';"></font></b></p>













</td>
<td style="height: 10px; border-bottom-width: 1.5pt; border-bottom-style: solid; border-bottom-color: #000080 !important;"><br></td>













</tr>



























</table>
<p style="margin: 0pt; text-align: left; line-height: 1.2;"><br></p>









</div>
<p style="margin: 0pt; break-after: avoid; break-inside: avoid; text-align: justify; line-height: 1.2;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">The credit risk of financial institutions and governments related to cash and cash equivalents, financial investments and derivative financial instruments as of March 31, 2024, by counterparty rating, is summarized below: </font></p>
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<table cellspacing="0" cellpadding="0" style="border-collapse: collapse; margin-left: 0pt; font-family: 'times new roman'; font-size: 10pt;" width="100%">

<tr style="height: 1pt;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>












</td>
<td colspan="3" style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">Fair value</font></p>












</td>












</tr>
<tr style="height: 1pt; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">Counterparty credit rating</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">03/31/2024</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">12/31/2023</font></p>












</td>












</tr>
<tr style="height: 1pt;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 74%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">AAA</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 1%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 12%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;">5,661,108</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 1%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 12%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">6,714,493</font></p>












</td>












</tr>
<tr style="height: 1pt; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">AA</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;">906,908</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">408,375</font></p>












</td>












</tr>
<tr style="height: 1pt;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">A</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">4,557</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">464</font></p>












</td>












</tr>
<tr style="height: 1pt; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Others <font style="font-size: 8pt; line-height: inherit;"><sup>(*)</sup></font></font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;">34,440</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">47,231</font></p>












</td>












</tr>
<tr style="height: 1pt;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">Total</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; 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;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">6,607,013</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; 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;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">7,170,563</font></p>












</td>












</tr>

























</table>
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0px; break-after: avoid; break-inside: avoid; line-height: 1.2; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><font style="font-size: 8pt; line-height: inherit;"><sup>(*)</sup></font> Refers substantially to investments as minority interest, which are classified as long term investments.</font></p>
<p style="margin: 0px; text-indent: 0px; line-height: 1.2;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>









</div>
<div style="margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: justify; line-height: 1.2; text-indent: 0px;"><font style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"><font style="font-style: italic; font-weight: bold; line-height: inherit;">d.2 Customer credit risk</font></font></p>
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: justify; line-height: 1.2; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: justify; line-height: 1.2; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">The credit policy establishes the analysis of the profile of each new customer, individually, regarding their financial condition. The credit analysis carried out by the Company&#8217;s subsidiaries includes the evaluation of external ratings, when available, interim financial information, credit bureau information, industry information and, when necessary, bank references. Credit limits are established for each customer and reviewed periodically, in a shorter period the greater the risk, depending on the approval of the responsible area in cases of sales that exceed these limits.</font></p>
<p style="margin: 0px; text-align: justify; line-height: 1.2; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: justify; line-height: 1.2; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">In monitoring credit risk, customers are grouped according to their credit characteristics and depending on the business the grouping takes into account, for example, whether they are individual or corporate customers, whether they are wholesalers, resellers or final customers, considering also the geographic area. </font></p>
<p style="margin: 0px; text-align: justify; line-height: 1.2; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: justify; line-height: 1.2; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">The expected credit losses are calculated by the expected loss approach based on the probability of default rates. Loss rates are calculated on the basis of the average probability of a receivable amount to advance through successive stages of default until full write-off. The probability of default calculation takes into account a credit risk score for each exposure, based on data considered to be capable of foreseeing the risk of loss, with addition of the credit assessment based on experience. </font></p>
<p style="margin: 0px; text-align: justify; line-height: 1.2; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: justify; line-height: 1.2; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Such credit risks are managed by each business unit through specific criteria for acceptance of customers and their credit rating and are additionally mitigated by the diversification of sales. No single customer or group accounts for more than 10% of total revenue.</font></p>







</div>






</div>






</div>
<div style="margin: 0px; text-indent: 0px;">
<p style="margin: 2pt 0pt 0pt; text-align: justify; line-height: 1.2;"><br></p>
<div>
<table style="width: 100%; font-family: 'times new roman'; font-size: 10pt;">

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











</tr>























</table>
<hr class="horizontalLineRemoved" style="border-bottom-color: #000000; border-top-color: #000000; color: #000000; background-color: #000000;"></hr>
<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div>
<div style="width: 8.5in; margin: 0 auto;">
<div>
<table style="font-size: 10pt; width: 100%; height: 30px; border-collapse: collapse; font-family: 'times new roman'; margin: 0px; text-indent: 0px;">

<tr style="height: 10px;">
<td style="height: 10px; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times; font-size: 12pt; font-weight: bold; float: none; line-height: inherit; display: inline !important;">Ultrapar Participa&#231;&#245;es S.A. and Subsidiaries</font></td>
<td style="height: 10px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><img src="imgc0dec36d433f45a2aa5c.jpg" style="float: right;" alt="Graphics"></font></td>













</tr>
<tr style="height: 10px;">
<td style="height: 10px;">
<p style="margin: 2pt 0in 0in; text-align: justify; font-size: 11pt; font-family: 'Times New Roman', serif;"><font style="font-family: 'times new roman', times; font-size: 10pt;">
















<b style="mso-bidi-font-weight: normal;">Notes to the interim financial information</b>


</font></p>













</td>
<td style="height: 10px;"><br></td>













</tr>
<tr style="height: 10px;">
<td style="font-size: 10pt; height: 10px; width: 75%; border-bottom-width: 1.5pt; border-bottom-style: solid; border-bottom-color: #000080 !important;">
<p style="margin: 2pt 0in 0.0001pt; text-align: justify; font-size: 11pt; font-family: 'Times New Roman', 'serif';"><font style="font-family: 'times new roman', times; font-size: 10pt;"><b style="mso-bidi-font-weight: normal;">For the period ended March 31, 2024</b></font><b><font style="font-size: 9.0pt; font-family: 'Arial','sans-serif';"></font></b></p>













</td>
<td style="height: 10px; border-bottom-width: 1.5pt; border-bottom-style: solid; border-bottom-color: #000080 !important;"><br></td>













</tr>



























</table>
<p style="margin: 0pt; text-align: left; line-height: 1.2;"><br></p>
<p style="margin: 0pt; break-after: avoid; break-inside: avoid; text-align: justify; line-height: 1.2;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">The Company&#8217;s subsidiaries request guarantees related to trade receivables and other receivables in specific situations to customers. The Company&#8217;s subsidiaries maintained the following allowance for expected credit losses from its trade receivables and reseller financing:</font></p>









</div>
<p style="margin: 0pt; break-after: avoid; break-inside: avoid; text-align: justify; line-height: 1.2;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<table cellspacing="0" cellpadding="0" style="border-collapse: collapse; margin-left: 0pt; font-family: 'times new roman'; font-size: 10pt;" width="100%">

<tr style="height: 1pt;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">03/31/2024</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">12/31/2023</font></p>












</td>












</tr>
<tr style="height: 1pt; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 75%; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Ipiranga</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; width: 12%; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">361,562</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 1%; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; width: 12%; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">350,375</font></p>












</td>












</tr>
<tr style="height: 1pt;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Ultragaz</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">120,456</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">116,583</font></p>












</td>












</tr>
<tr style="height: 1pt; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Ultracargo</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">1,274</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">1,301</font></p>












</td>












</tr>
<tr style="height: 1pt;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Others</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">591</font></p>












</td>












</tr>
<tr style="height: 1pt; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Total</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; 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; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">483,292</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; 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; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">468,850</font></p>












</td>












</tr>

























</table>
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<table cellspacing="0" cellpadding="0" style="border-collapse: collapse; margin-left: 0pt; font-family: 'times new roman'; font-size: 10pt; height: 139px; width: 100%;" width="100%">

<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">&nbsp;</font></p>












</td>
<td colspan="5" style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">03/31/2024</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">&nbsp;</font></p>












</td>
<td colspan="5" style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">12/31/2023</font></p>












</td>












</tr>
<tr style="height: 10px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; 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; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">Weighted average rate of losses</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; 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; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">Accounting balance</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; 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; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">Allowance for expected credit losses</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; 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; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">Weighted average rate of losses</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; 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; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">Accounting balance</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; 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; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">Allowance for expected credit losses</font></p>












</td>












</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; width: 35%; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Current</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; background-color: #cceeff; width: 10%; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">0.6%</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; width: 1%; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; background-color: #cceeff; width: 10%; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">4,255,629</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; width: 1%; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; background-color: #cceeff; width: 10%; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">24,858</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; width: 1%; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; background-color: #cceeff; width: 10%; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">0.5%</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; width: 1%; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; background-color: #cceeff; width: 10%; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">4,412,278</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; width: 1%; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; background-color: #cceeff; width: 10%; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">24,131</font></p>












</td>












</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Less than 30 days</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">3.6%</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">93,382</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">3,388</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">7.6%</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">61,451</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">4,683</font></p>












</td>












</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">31-60 days</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">5.9%</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">41,725</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">2,468</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">4.9%</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">57,753</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">2,841</font></p>












</td>












</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">61-90 days</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">13.0%</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">22,815</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">2,973</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">15.3%</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">23,845</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">3,646</font></p>












</td>












</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">91-180 days</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">32.0%</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">53,996</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">17,261</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">32.9%</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">47,430</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">15,609</font></p>












</td>












</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">More than 180 days</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">52.6%</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">821,837</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">432,344</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">48.8%</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">856,602</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">417,940</font></p>












</td>












</tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important; background-color: #cceeff; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">5,289,384</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important; background-color: #cceeff; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">483,292</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important; background-color: #cceeff; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">5,459,359</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important; background-color: #cceeff; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">468,850</font></p>












</td>












</tr>

























</table>
<p style="margin: 2pt 0pt 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<table cellspacing="0" cellpadding="0" style="border-collapse: collapse; margin-left: 0pt; font-family: 'times new roman'; font-size: 10pt; height: 88px; width: 100%;" width="100%">

<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">03/31/2024</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">12/31/2023</font></p>












</td>









</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 75%; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Brazil </font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 12%; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">482,788</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 1%; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 12%; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">467,545</font></p>












</td>









</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Other Latin American countries</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">171</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">40</font></p>












</td>









</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Europe</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">244</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">425</font></p>












</td>









</tr>
<tr style="height: 10px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Others</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">89</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">840</font></p>












</td>









</tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">483,292</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">468,850</font></p>












</td>









</tr>






















</table>
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: justify; text-indent: 0px; line-height: 1.2;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: justify; text-indent: 0px; line-height: 1.2;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">For further information on the allowance for expected credit losses, see Notes 5.a and 5.b.</font></p>
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-indent: 0px; line-height: 1.2;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>






</div>






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

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











</tr>























</table>
<hr class="horizontalLineRemoved" style="border-bottom-color: #000000; border-top-color: #000000; color: #000000; background-color: #000000;"></hr>
<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div>
<table style="font-size: 10pt; width: 100%; height: 30px; border-collapse: collapse; font-family: 'times new roman'; margin: 0px; text-indent: 0px;">

<tr style="height: 10px;">
<td style="height: 10px; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times; font-size: 12pt; font-weight: bold; float: none; line-height: inherit; display: inline !important;">Ultrapar Participa&#231;&#245;es S.A. and Subsidiaries</font></td>
<td style="height: 10px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><img src="imgc0dec36d433f45a2aa5c.jpg" style="float: right;" alt="Graphics"></font></td>












</tr>
<tr style="height: 10px;">
<td style="height: 10px;">
<p style="margin: 2pt 0in 0in; text-align: justify; font-size: 11pt; font-family: 'Times New Roman', serif;"><font style="font-family: 'times new roman', times; font-size: 10pt;">
















<b style="mso-bidi-font-weight: normal;">Notes to the interim financial information</b>


</font></p>












</td>
<td style="height: 10px;"><br></td>












</tr>
<tr style="height: 10px;">
<td style="font-size: 10pt; height: 10px; width: 75%; border-bottom-width: 1.5pt; border-bottom-style: solid; border-bottom-color: #000080 !important;">
<p style="margin: 2pt 0in 0.0001pt; text-align: justify; font-size: 11pt; font-family: 'Times New Roman', 'serif';"><font style="font-family: 'times new roman', times; font-size: 10pt;"><b style="mso-bidi-font-weight: normal;">For the period ended March 31, 2024</b></font><b><font style="font-size: 9.0pt; font-family: 'Arial','sans-serif';"></font></b></p>












</td>
<td style="height: 10px; border-bottom-width: 1.5pt; border-bottom-style: solid; border-bottom-color: #000080 !important;"><br></td>












</tr>

























</table>
<p style="margin: 0px; text-align: left; line-height: 1.2; text-indent: 0px;"><br></p>








</div>








</div>
<div>
<div style="width: 8.5in; margin: 0 auto;">
<p style="margin: 0pt; break-after: avoid; break-inside: avoid; text-align: justify; line-height: 1.2;"><font style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"><font style="font-style: italic; font-weight: bold; line-height: inherit;">e</font><font style="font-style: italic; font-weight: bold; line-height: inherit;">. Commodities price risk</font></font></p>
<p style="margin: 0pt; break-after: avoid; break-inside: avoid; text-align: justify; line-height: 1.2;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; break-after: avoid; break-inside: avoid; text-align: justify; line-height: 1.2;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">The Company and its subsidiaries are exposed to commodity price risk, due to the fluctuation in prices for diesel and gasoline, among others. These products are traded on the stock exchange and are subjected to the impacts of macroeconomic and geopolitical factors outside the control of the Company and its subsidiaries.</font></p>
<p style="margin: 0pt; break-after: avoid; break-inside: avoid; text-align: justify; line-height: 1.2;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; break-after: avoid; break-inside: avoid; text-align: justify; line-height: 1.2;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">To mitigate the risk of the fluctuation of diesel and gasoline prices, the Company and its subsidiaries permanently monitor the market, seeking the protection of price movements through hedge transactions, using contracts of derivatives traded on the stock exchange and over-the-counter.</font></p>
<p style="margin: 0pt; break-after: avoid; break-inside: avoid; text-align: justify; line-height: 1.2;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; break-after: avoid; break-inside: avoid; text-align: justify; line-height: 1.2;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">The table below shows the sensitivity analysis and positions of derivative financial instruments to hedge commodity price risk as of March 31, 2024 and December 31, 2023:</font></p>






</div>
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<div style="width: 8.5in; margin: 0 auto;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><br></p>
<table cellspacing="0" cellpadding="0" style="height: 265px; border-collapse: collapse; margin: 0px; font-family: 'times new roman'; font-size: 10pt; width: 100%; text-indent: 0px;" width="100%">

<tr style="height: 34px;">
<td style="padding-left: 0px; padding-right: 0px; border-bottom-width: 1px; border-bottom-style: solid; height: 34px; width: 18.7244%; margin: 0px; text-indent: 0px; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">Derivative</font></p>












</td>
<td style="padding-left: 0px; padding-right: 0px; height: 34px; width: 0.981194%; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">&nbsp;</font></p>












</td>
<td colspan="5" style="padding-left: 0px; padding-right: 0px; border-bottom-width: 1px; border-bottom-style: solid; height: 34px; width: 19.7056%; margin: 0px; text-indent: 0px; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">Contract</font></p>












</td>
<td style="padding-left: 0px; padding-right: 0px; height: 34px; width: 0.817661%; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">&nbsp;</font></p>












</td>
<td colspan="5" style="padding-left: 0px; padding-right: 0px; border-bottom-width: 1px; border-bottom-style: solid; height: 34px; width: 19.215%; margin: 0px; text-indent: 0px; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">Volume</font></p>












</td>
<td style="padding-left: 0px; padding-right: 0px; height: 34px; width: 0.981194%; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">&nbsp;</font></p>












</td>
<td colspan="3" style="padding-left: 0px; padding-right: 0px; border-bottom-width: 1px; border-bottom-style: solid; height: 34px; width: 12.592%; margin: 0px; text-indent: 0px; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">Notional amount (USD thousand)</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 34px; width: 0.981194%; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">&nbsp;</font></p>












</td>
<td colspan="3" style="padding-left: 3pt; padding-right: 3pt; border-bottom-width: 1px; border-bottom-style: solid; height: 34px; width: 12.592%; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">Fair value (R$ thousand)</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 34px; width: 0.981194%; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 8pt;">&nbsp;</font></p>












</td>
<td colspan="3" style="padding-left: 3pt; padding-right: 3pt; border-bottom-width: 1px; border-bottom-style: solid; height: 34px; width: 12.592%; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">Possible scenario (&#8710; of 10% - R$ thousand)</font></p>












</td>












</tr>
<tr style="height: 17px;">
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; border-top-width: 1px; border-top-style: solid; height: 17px; width: 18.7244%; border-top-color: #000000 !important; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">&nbsp;</font></p>












</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 17px; width: 0.981194%; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">&nbsp;</font></p>












</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; border-top-width: 1px; border-top-style: solid; height: 17px; width: 5.88716%; border-top-color: #000000 !important; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">Position</font></p>












</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; border-top-width: 1px; border-top-style: solid; height: 17px; width: 0.981194%; border-top-color: #000000 !important; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">&nbsp;</font></p>












</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; border-top-width: 1px; border-top-style: solid; height: 17px; width: 5.8054%; border-top-color: #000000 !important; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">Product</font></p>












</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; border-top-width: 1px; border-top-style: solid; height: 17px; width: 0.981194%; border-top-color: #000000 !important; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">&nbsp;</font></p>












</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; border-top-width: 1px; border-top-style: solid; height: 17px; width: 6.0507%; border-top-color: #000000 !important; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">Maturity</font></p>












</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 17px; width: 0.817661%; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">&nbsp;</font></p>












</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; border-top-width: 1px; border-top-style: solid; height: 17px; width: 5.8054%; border-top-color: #000000 !important; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">03/31/2024</font></p>












</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; border-top-width: 1px; border-top-style: solid; height: 17px; width: 0.981194%; border-top-color: #000000 !important; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">&nbsp;</font></p>












</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; border-top-width: 1px; border-top-style: solid; height: 17px; width: 5.8054%; border-top-color: #000000 !important; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">12/31/2023</font></p>












</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; border-top-width: 1px; border-top-style: solid; height: 17px; width: 0.981194%; border-top-color: #000000 !important; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">&nbsp;</font></p>












</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; border-top-width: 1px; border-top-style: solid; height: 17px; width: 5.64186%; border-top-color: #000000 !important; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">Unit</font></p>












</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 17px; width: 0.981194%; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">&nbsp;</font></p>












</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; border-top-width: 1px; border-top-style: solid; height: 17px; width: 5.8054%; border-top-color: #000000 !important; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">03/31/2024</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-top-width: 1px; border-top-style: solid; height: 17px; border-top-color: #000000 !important; width: 0.981194%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-top-width: 1px; border-top-style: solid; height: 17px; border-top-color: #000000 !important; width: 5.8054%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">12/31/2023</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 0.981194%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-top-width: 1px; border-top-style: solid; height: 17px; border-top-color: #000000 !important; width: 5.8054%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">03/31/2024</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-top-width: 1px; border-top-style: solid; height: 17px; border-top-color: #000000 !important; width: 0.981194%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-top-width: 1px; border-top-style: solid; height: 17px; border-top-color: #000000 !important; width: 5.8054%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">12/31/2023</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 0.981194%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 8pt;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-top-width: 1px; border-top-style: solid; height: 17px; border-top-color: #000000 !important; width: 5.8054%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">03/31/2024</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-top-width: 1px; border-top-style: solid; height: 17px; border-top-color: #000000 !important; width: 0.981194%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-top-width: 1px; border-top-style: solid; height: 17px; border-top-color: #000000 !important; width: 5.8054%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">12/31/2023</font></p>












</td>












</tr>
<tr style="height: 34px; background-color: #cceeff;">
<td style="padding-left: 0px; padding-right: 0px; width: 18.7244%; height: 34px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 8pt;">Commodity forward</font></p>












</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; width: 0.981194%; height: 34px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 8pt;">&nbsp;</font></p>












</td>
<td style="padding-left: 0px; padding-right: 0px; width: 5.88716%; height: 34px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 8pt;">Sold</font></p>












</td>
<td style="padding-left: 0px; padding-right: 0px; width: 0.981194%; height: 34px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 8pt;">&nbsp;</font></p>












</td>
<td style="padding-left: 0px; padding-right: 0px; width: 5.8054%; height: 34px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 8pt;">Heating Oil</font></p>












</td>
<td style="padding-left: 0px; padding-right: 0px; width: 0.981194%; height: 34px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 8pt;">&nbsp;</font></p>












</td>
<td style="padding-left: 0px; padding-right: 0px; width: 6.0507%; height: 34px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 8pt;">Aug-24</font></p>












</td>
<td style="padding-left: 0px; padding-right: 0px; width: 0.817661%; height: 34px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 8pt;">&nbsp;</font></p>












</td>
<td style="padding-left: 0px; padding-right: 0px; width: 5.8054%; height: 34px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-size: 8pt; font-family: 'times new roman', times;">424,960</font></p>












</td>
<td style="padding-left: 0px; padding-right: 0px; width: 0.981194%; height: 34px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 8pt;">&nbsp;</font></p>












</td>
<td style="padding-left: 0px; padding-right: 0px; width: 5.8054%; height: 34px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 8pt;">182,613</font></p>












</td>
<td style="padding-left: 0px; padding-right: 0px; width: 0.981194%; height: 34px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 8pt;">&nbsp;</font></p>












</td>
<td style="padding-left: 0px; padding-right: 0px; width: 5.64186%; height: 34px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 8pt;">m&#179;</font></p>












</td>
<td style="padding-left: 0px; padding-right: 0px; width: 0.981194%; height: 34px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 8pt;">&nbsp;</font></p>












</td>
<td style="padding: 0px 2px 0px 0px; width: 5.8054%; height: 34px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-size: 8pt; font-family: 'times new roman', times;">4,298</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; width: 0.981194%; height: 34px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 8pt;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; width: 5.8054%; height: 34px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 8pt;">131,473</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; width: 0.981194%; height: 34px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 8pt;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; width: 5.8054%; height: 34px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 8pt;">4,190</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; width: 0.981194%; height: 34px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 8pt;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; width: 5.8054%; height: 34px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 8pt;">21,918</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; width: 0.981194%; height: 34px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 8pt;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; width: 5.8054%; height: 34px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-size: 8pt; font-family: 'times new roman', times;">(240)</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; width: 0.981194%; height: 34px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 8pt;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; width: 5.8054%; height: 34px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 8pt;">(2,308)</font></p>












</td>












</tr>
<tr style="height: 17px;">
<td style="padding-left: 0px; padding-right: 0px; height: 17px; vertical-align: bottom; width: 18.7244%; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 8pt;">Commodity forward</font></p>












</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 17px; width: 0.981194%; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 8pt;">&nbsp;</font></p>












</td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; vertical-align: bottom; width: 5.88716%; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 8pt;">Sold</font></p>












</td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; vertical-align: bottom; width: 0.981194%; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 8pt;">&nbsp;</font></p>












</td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; vertical-align: bottom; width: 5.8054%; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 8pt;">RBOB</font></p>












</td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; vertical-align: bottom; width: 0.981194%; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 8pt;">&nbsp;</font></p>












</td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; vertical-align: bottom; width: 6.0507%; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-size: 8pt; font-family: 'times new roman', times;">Apr-24</font></p>












</td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; vertical-align: bottom; width: 0.817661%; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 8pt;">&nbsp;</font></p>












</td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; vertical-align: bottom; width: 5.8054%; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 8pt;">50,558</font></p>












</td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; vertical-align: bottom; width: 0.981194%; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 8pt;">&nbsp;</font></p>












</td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; vertical-align: bottom; width: 5.8054%; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 8pt;">6,677</font></p>












</td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; vertical-align: bottom; width: 0.981194%; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 8pt;">&nbsp;</font></p>












</td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; vertical-align: bottom; width: 5.64186%; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 8pt;">m&#179;</font></p>












</td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; vertical-align: bottom; width: 0.981194%; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 8pt;">&nbsp;</font></p>












</td>
<td style="padding: 0px 2px 0px 0px; height: 17px; vertical-align: bottom; width: 5.8054%; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 8pt;">2,137</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom; width: 0.981194%;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 8pt;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom; width: 5.8054%;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 8pt;">3,807</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom; width: 0.981194%;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 8pt;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom; width: 5.8054%;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-size: 8pt; font-family: 'times new roman', times;">(1,360)</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom; width: 0.981194%;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 8pt;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom; width: 5.8054%;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 8pt;">440</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom; width: 0.981194%;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 8pt;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom; width: 5.8054%;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-size: 8pt; font-family: 'times new roman', times;">(83)</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom; width: 0.981194%;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 8pt;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom; width: 5.8054%;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 8pt;">(11)</font></p>












</td>












</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 0px; padding-right: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff; width: 18.7244%; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 8pt;">Commodity forward</font></p>












</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 17px; background-color: #cceeff; width: 0.981194%; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 8pt;">&nbsp;</font></p>












</td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff; width: 5.88716%; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 8pt;">Sold</font></p>












</td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff; width: 0.981194%; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 8pt;">&nbsp;</font></p>












</td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff; width: 5.8054%; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 8pt;">Gas oil</font></p>












</td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff; width: 0.981194%; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 8pt;">&nbsp;</font></p>












</td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff; width: 6.0507%; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 8pt;">Apr-24</font></p>












</td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff; width: 0.817661%; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 8pt;">&nbsp;</font></p>












</td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff; width: 5.8054%; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 8pt;">14,000</font></p>












</td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff; width: 0.981194%; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 8pt;">&nbsp;</font></p>












</td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff; width: 5.8054%; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 8pt;">&#8208;</font></p>












</td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff; width: 0.981194%; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 8pt;">&nbsp;</font></p>












</td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff; width: 5.64186%; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 8pt;">tons</font></p>












</td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff; width: 0.981194%; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 8pt;">&nbsp;</font></p>












</td>
<td style="padding: 0px 2px 0px 0px; height: 17px; vertical-align: bottom; background-color: #cceeff; width: 5.8054%; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 8pt;">11,484</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom; background-color: #cceeff; width: 0.981194%;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 8pt;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom; background-color: #cceeff; width: 5.8054%;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 8pt;">&#8208;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom; background-color: #cceeff; width: 0.981194%;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 8pt;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom; background-color: #cceeff; width: 5.8054%;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-size: 8pt; font-family: 'times new roman', times;">159</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom; background-color: #cceeff; width: 0.981194%;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 8pt;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom; background-color: #cceeff; width: 5.8054%;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 8pt;">&#8208;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom; background-color: #cceeff; width: 0.981194%;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 8pt;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom; background-color: #cceeff; width: 5.8054%;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 8pt;">59</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom; background-color: #cceeff; width: 0.981194%;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 8pt;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom; background-color: #cceeff; width: 5.8054%;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 8pt;">&#8208;</font></p>












</td>












</tr>
<tr style="height: 17px;">
<td style="padding-left: 0px; padding-right: 0px; height: 17px; vertical-align: bottom; width: 18.7244%; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 8pt;">Commodity forward</font></p>












</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 17px; width: 0.981194%; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 8pt;">&nbsp;</font></p>












</td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; vertical-align: bottom; width: 5.88716%; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 8pt;">Sold</font></p>












</td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; vertical-align: bottom; width: 0.981194%; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 8pt;">&nbsp;</font></p>












</td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; vertical-align: bottom; width: 5.8054%; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 8pt;">Soybeans</font></p>












</td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; vertical-align: bottom; width: 0.981194%; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 8pt;">&nbsp;</font></p>












</td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; vertical-align: bottom; width: 6.0507%; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 8pt;">Jun-24</font></p>












</td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; vertical-align: bottom; width: 0.817661%; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 8pt;">&nbsp;</font></p>












</td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; vertical-align: bottom; width: 5.8054%; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 8pt;">150,000</font></p>












</td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; vertical-align: bottom; width: 0.981194%; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 8pt;">&nbsp;</font></p>












</td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; vertical-align: bottom; width: 5.8054%; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 8pt;">&#8208;</font></p>












</td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; vertical-align: bottom; width: 0.981194%; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 8pt;">&nbsp;</font></p>












</td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; vertical-align: bottom; width: 5.64186%; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 8pt;">bushels</font></p>












</td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; vertical-align: bottom; width: 0.981194%; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 8pt;">&nbsp;</font></p>












</td>
<td style="padding: 0px 2px 0px 0px; height: 17px; vertical-align: bottom; width: 5.8054%; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 8pt;">1,807</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom; width: 0.981194%;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 8pt;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom; width: 5.8054%;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 8pt;">&#8208;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom; width: 0.981194%;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 8pt;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom; width: 5.8054%;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 8pt;">(3)</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom; width: 0.981194%;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 8pt;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom; width: 5.8054%;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 8pt;">&#8208;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom; width: 0.981194%;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 8pt;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom; width: 5.8054%;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 8pt;">(907)</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom; width: 0.981194%;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 8pt;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom; width: 5.8054%;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 8pt;">&#8208;</font></p>












</td>












</tr>
<tr style="height: 34px; background-color: #cceeff;">
<td style="padding-left: 0px; padding-right: 0px; height: 34px; vertical-align: bottom; background-color: #cceeff; width: 18.7244%; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 8pt;">Commodity forward</font></p>












</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 34px; background-color: #cceeff; width: 0.981194%; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 8pt;">&nbsp;</font></p>












</td>
<td style="padding-left: 0px; padding-right: 0px; height: 34px; vertical-align: bottom; background-color: #cceeff; width: 5.88716%; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 8pt;">Sold</font></p>












</td>
<td style="padding-left: 0px; padding-right: 0px; height: 34px; vertical-align: bottom; background-color: #cceeff; width: 0.981194%; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 8pt;">&nbsp;</font></p>












</td>
<td style="padding-left: 0px; padding-right: 0px; height: 34px; vertical-align: bottom; background-color: #cceeff; width: 5.8054%; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 8pt;">Soybean Oil</font></p>












</td>
<td style="padding-left: 0px; padding-right: 0px; height: 34px; vertical-align: bottom; background-color: #cceeff; width: 0.981194%; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 8pt;">&nbsp;</font></p>












</td>
<td style="padding-left: 0px; padding-right: 0px; height: 34px; vertical-align: bottom; background-color: #cceeff; width: 6.0507%; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 8pt;">Dec-24</font></p>












</td>
<td style="padding-left: 0px; padding-right: 0px; height: 34px; vertical-align: bottom; background-color: #cceeff; width: 0.817661%; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 8pt;">&nbsp;</font></p>












</td>
<td style="padding-left: 0px; padding-right: 0px; height: 34px; vertical-align: bottom; background-color: #cceeff; width: 5.8054%; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 8pt;">38,760</font></p>












</td>
<td style="padding-left: 0px; padding-right: 0px; height: 34px; vertical-align: bottom; background-color: #cceeff; width: 0.981194%; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 8pt;">&nbsp;</font></p>












</td>
<td style="padding-left: 0px; padding-right: 0px; height: 34px; vertical-align: bottom; background-color: #cceeff; width: 5.8054%; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 8pt;">6,000</font></p>












</td>
<td style="padding-left: 0px; padding-right: 0px; height: 34px; vertical-align: bottom; background-color: #cceeff; width: 0.981194%; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 8pt;">&nbsp;</font></p>












</td>
<td style="padding-left: 0px; padding-right: 0px; height: 34px; vertical-align: bottom; background-color: #cceeff; width: 5.64186%; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 8pt;">pounds</font></p>












</td>
<td style="padding-left: 0px; padding-right: 0px; height: 34px; vertical-align: bottom; background-color: #cceeff; width: 0.981194%; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 8pt;">&nbsp;</font></p>












</td>
<td style="padding: 0px 2px 0px 0px; height: 34px; vertical-align: bottom; background-color: #cceeff; width: 5.8054%; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 8pt;">1,840</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 34px; vertical-align: bottom; background-color: #cceeff; width: 0.981194%;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 8pt;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 34px; vertical-align: bottom; background-color: #cceeff; width: 5.8054%;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 8pt;">2,977</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 34px; vertical-align: bottom; background-color: #cceeff; width: 0.981194%;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 8pt;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 34px; vertical-align: bottom; background-color: #cceeff; width: 5.8054%;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 8pt;">4,588</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 34px; vertical-align: bottom; background-color: #cceeff; width: 0.981194%;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 8pt;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 34px; vertical-align: bottom; background-color: #cceeff; width: 5.8054%;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 8pt;">(52)</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 34px; vertical-align: bottom; background-color: #cceeff; width: 0.981194%;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 8pt;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 34px; vertical-align: bottom; background-color: #cceeff; width: 5.8054%;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-size: 8pt; font-family: 'times new roman', times;">(470)</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 34px; vertical-align: bottom; background-color: #cceeff; width: 0.981194%;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 8pt;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 34px; vertical-align: bottom; background-color: #cceeff; width: 5.8054%;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 8pt;">22</font></p>












</td>












</tr>
<tr style="height: 34px;">
<td style="padding-left: 0px; padding-right: 0px; height: 34px; vertical-align: bottom; width: 18.7244%; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 8pt;">Commodity forward</font></p>












</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 34px; width: 0.981194%; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 8pt;">&nbsp;</font></p>












</td>
<td style="padding-left: 0px; padding-right: 0px; height: 34px; vertical-align: bottom; width: 5.88716%; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 8pt;">Purchased</font></p>












</td>
<td style="padding-left: 0px; padding-right: 0px; height: 34px; vertical-align: bottom; width: 0.981194%; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 8pt;">&nbsp;</font></p>












</td>
<td style="padding-left: 0px; padding-right: 0px; height: 34px; vertical-align: bottom; width: 5.8054%; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 8pt;">Soybean Meal</font></p>












</td>
<td style="padding-left: 0px; padding-right: 0px; height: 34px; vertical-align: bottom; width: 0.981194%; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 8pt;">&nbsp;</font></p>












</td>
<td style="padding-left: 0px; padding-right: 0px; height: 34px; vertical-align: bottom; width: 6.0507%; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 8pt;">Jun-24</font></p>












</td>
<td style="padding-left: 0px; padding-right: 0px; height: 34px; vertical-align: bottom; width: 0.817661%; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 8pt;">&nbsp;</font></p>












</td>
<td style="padding-left: 0px; padding-right: 0px; height: 34px; vertical-align: bottom; width: 5.8054%; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 8pt;">3,300</font></p>












</td>
<td style="padding-left: 0px; padding-right: 0px; height: 34px; vertical-align: bottom; width: 0.981194%; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 8pt;">&nbsp;</font></p>












</td>
<td style="padding-left: 0px; padding-right: 0px; height: 34px; vertical-align: bottom; width: 5.8054%; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 8pt;">&#8208;</font></p>












</td>
<td style="padding-left: 0px; padding-right: 0px; height: 34px; vertical-align: bottom; width: 0.981194%; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 8pt;">&nbsp;</font></p>












</td>
<td style="padding-left: 0px; padding-right: 0px; height: 34px; vertical-align: bottom; width: 5.64186%; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 8pt;">short ton</font></p>












</td>
<td style="padding-left: 0px; padding-right: 0px; height: 34px; vertical-align: bottom; width: 0.981194%; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 8pt;">&nbsp;</font></p>












</td>
<td style="padding: 0px 2px 0px 0px; height: 34px; vertical-align: bottom; width: 5.8054%; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 8pt;">1,154</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 34px; vertical-align: bottom; width: 0.981194%;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 8pt;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 34px; vertical-align: bottom; width: 5.8054%;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 8pt;">&#8208;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 34px; vertical-align: bottom; width: 0.981194%;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 8pt;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 34px; vertical-align: bottom; width: 5.8054%;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-size: 8pt; font-family: 'times new roman', times;">(144)</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 34px; vertical-align: bottom; width: 0.981194%;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 8pt;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 34px; vertical-align: bottom; width: 5.8054%;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 8pt;">&#8208;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 34px; vertical-align: bottom; width: 0.981194%;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 8pt;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 34px; vertical-align: bottom; width: 5.8054%;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 8pt;">418</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 34px; vertical-align: bottom; width: 0.981194%;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 8pt;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 34px; vertical-align: bottom; width: 5.8054%;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 8pt;">&#8208;</font></p>












</td>












</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 0px; padding-right: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff; width: 18.7244%; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 8pt;">Commodity forward</font></p>












</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 17px; background-color: #cceeff; width: 0.981194%; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 8pt;">&nbsp;</font></p>












</td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff; width: 5.88716%; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 8pt;">Purchased</font></p>












</td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff; width: 0.981194%; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 8pt;">&nbsp;</font></p>












</td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff; width: 5.8054%; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 8pt;">Ethanol</font></p>












</td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff; width: 0.981194%; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 8pt;">&nbsp;</font></p>












</td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff; width: 6.0507%; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 8pt;">Jul-24</font></p>












</td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff; width: 0.817661%; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 8pt;">&nbsp;</font></p>












</td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff; width: 5.8054%; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 8pt;">18,000</font></p>












</td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff; width: 0.981194%; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 8pt;">&nbsp;</font></p>












</td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff; width: 5.8054%; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 8pt;">&#8208;</font></p>












</td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff; width: 0.981194%; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 8pt;">&nbsp;</font></p>












</td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff; width: 5.64186%; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 8pt;">m&#179;</font></p>












</td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff; width: 0.981194%; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 8pt;">&nbsp;</font></p>












</td>
<td style="padding: 0px 2px 0px 0px; height: 17px; vertical-align: bottom; background-color: #cceeff; width: 5.8054%; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 8pt;">8,088</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom; background-color: #cceeff; width: 0.981194%;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 8pt;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom; background-color: #cceeff; width: 5.8054%;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 8pt;">&#8208;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom; background-color: #cceeff; width: 0.981194%;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 8pt;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom; background-color: #cceeff; width: 5.8054%;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 8pt;">1,265</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom; background-color: #cceeff; width: 0.981194%;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 8pt;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom; background-color: #cceeff; width: 5.8054%;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 8pt;">&#8208;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom; background-color: #cceeff; width: 0.981194%;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 8pt;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom; background-color: #cceeff; width: 5.8054%;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 8pt;">33,544</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom; background-color: #cceeff; width: 0.981194%;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 8pt;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom; background-color: #cceeff; width: 5.8054%;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 8pt;">&#8208;</font></p>












</td>












</tr>
<tr style="height: 17px;">
<td style="padding-left: 0px; padding-right: 0px; height: 17px; vertical-align: bottom; width: 18.7244%; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 8pt;">Commodity forward</font></p>












</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 17px; width: 0.981194%; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 8pt;">&nbsp;</font></p>












</td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; vertical-align: bottom; width: 5.88716%; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 8pt;">-</font></p>












</td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; vertical-align: bottom; width: 0.981194%; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 8pt;">&nbsp;</font></p>












</td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; vertical-align: bottom; width: 5.8054%; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 8pt;">Sea Freight</font></p>












</td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; vertical-align: bottom; width: 0.981194%; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 8pt;">&nbsp;</font></p>












</td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; vertical-align: bottom; width: 6.0507%; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 8pt;">-</font></p>












</td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; vertical-align: bottom; width: 0.817661%; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 8pt;">&nbsp;</font></p>












</td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; vertical-align: bottom; width: 5.8054%; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 8pt;">&#8208;</font></p>












</td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; vertical-align: bottom; width: 0.981194%; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 8pt;">&nbsp;</font></p>












</td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; vertical-align: bottom; width: 5.8054%; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 8pt;">40,000</font></p>












</td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; vertical-align: bottom; width: 0.981194%; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 8pt;">&nbsp;</font></p>












</td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; vertical-align: bottom; width: 5.64186%; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 8pt;">tons</font></p>












</td>
<td style="padding-left: 0px; padding-right: 0px; height: 17px; vertical-align: bottom; width: 0.981194%; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 8pt;">&nbsp;</font></p>












</td>
<td style="padding: 0px 2px 0px 0px; height: 17px; vertical-align: bottom; width: 5.8054%; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 8pt;">&#8208;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom; width: 0.981194%;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 8pt;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom; width: 5.8054%;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 8pt;">1,533</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom; width: 0.981194%;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 8pt;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom; width: 5.8054%;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 8pt;">&#8208;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom; width: 0.981194%;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 8pt;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom; width: 5.8054%;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 8pt;">(1,505)</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom; width: 0.981194%;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 8pt;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom; width: 5.8054%;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 8pt;">&#8208;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom; width: 0.981194%;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 8pt;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom; width: 5.8054%;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 8pt;">3,428</font></p>












</td>












</tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 0px; padding-right: 0px; height: 10px; vertical-align: bottom; background-color: #cceeff; width: 18.7244%; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 8pt;">Commodity forward</font></p>












</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; background-color: #cceeff; width: 0.981194%; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 8pt;">&nbsp;</font></p>












</td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; vertical-align: bottom; background-color: #cceeff; width: 5.88716%; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 8pt;">Sold</font></p>












</td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; vertical-align: bottom; background-color: #cceeff; width: 0.981194%; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 8pt;">&nbsp;</font></p>












</td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; vertical-align: bottom; background-color: #cceeff; width: 5.8054%; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-size: 8pt; font-family: 'times new roman', times;">Marine Fuel&nbsp;</font></p>












</td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; vertical-align: bottom; background-color: #cceeff; width: 0.981194%; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 8pt;">&nbsp;</font></p>












</td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; vertical-align: bottom; background-color: #cceeff; width: 6.0507%; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 8pt;">Jun-24</font></p>












</td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; vertical-align: bottom; background-color: #cceeff; width: 0.817661%; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 8pt;">&nbsp;</font></p>












</td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; vertical-align: bottom; background-color: #cceeff; width: 5.8054%; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 8pt;">23,050</font></p>












</td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; vertical-align: bottom; background-color: #cceeff; width: 0.981194%; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 8pt;">&nbsp;</font></p>












</td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; vertical-align: bottom; background-color: #cceeff; width: 5.8054%; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 8pt;">12,330</font></p>












</td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; vertical-align: bottom; background-color: #cceeff; width: 0.981194%; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 8pt;">&nbsp;</font></p>












</td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; vertical-align: bottom; background-color: #cceeff; width: 5.64186%; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 8pt;">tons</font></p>












</td>
<td style="padding-left: 0px; padding-right: 0px; height: 10px; vertical-align: bottom; background-color: #cceeff; width: 0.981194%; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 8pt;">&nbsp;</font></p>












</td>
<td style="padding: 0px 2px 0px 0px; height: 10px; vertical-align: bottom; background-color: #cceeff; width: 5.8054%; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><font style="font-family: 'times new roman', times; font-size: 8pt;">13,741</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom; background-color: #cceeff; width: 0.981194%; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 8pt;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom; background-color: #cceeff; width: 5.8054%; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 8pt;">8,231</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom; background-color: #cceeff; width: 0.981194%; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 8pt;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; border-bottom-width: 1px; border-bottom-style: solid; height: 10px; vertical-align: bottom; background-color: #cceeff; width: 5.8054%; border-bottom-color: #000000 !important; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; text-indent: 0px;"><font style="font-size: 8pt; font-family: 'times new roman', times;">(812)</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom; background-color: #cceeff; width: 0.981194%; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 8pt;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; border-bottom-width: 1px; border-bottom-style: solid; height: 10px; vertical-align: bottom; background-color: #cceeff; width: 5.8054%; border-bottom-color: #000000 !important; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 8pt;">(99)</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom; background-color: #cceeff; width: 0.981194%; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 8pt;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; border-bottom-width: 1px; border-bottom-style: solid; height: 10px; vertical-align: bottom; background-color: #cceeff; width: 5.8054%; border-bottom-color: #000000 !important; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 8pt;">(1,278)</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom; background-color: #cceeff; width: 0.981194%; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 8pt;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; border-bottom-width: 1px; border-bottom-style: solid; height: 10px; vertical-align: bottom; background-color: #cceeff; width: 5.8054%; border-bottom-color: #000000 !important; margin: 0px; text-indent: 0px;" valign="bottom">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 8pt;">1,532</font></p>












</td>












</tr>
<tr style="height: 17px; margin: 0px; text-indent: 0px;">
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 17px; width: 18.7244%; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><font style="font-family: 'times new roman', times; font-size: 8pt;">&nbsp;</font></p>












</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 17px; width: 0.981194%; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><font style="font-family: 'times new roman', times; font-size: 8pt;">&nbsp;</font></p>












</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 17px; width: 5.88716%; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><font style="font-family: 'times new roman', times; font-size: 8pt;">&nbsp;</font></p>












</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 17px; width: 0.981194%; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><font style="font-family: 'times new roman', times; font-size: 8pt;">&nbsp;</font></p>












</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 17px; width: 5.8054%; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><font style="font-family: 'times new roman', times; font-size: 8pt;">&nbsp;</font></p>












</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 17px; width: 0.981194%; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><font style="font-family: 'times new roman', times; font-size: 8pt;">&nbsp;</font></p>












</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 17px; width: 6.0507%; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><font style="font-family: 'times new roman', times; font-size: 8pt;">&nbsp;</font></p>












</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 17px; width: 0.817661%; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><font style="font-family: 'times new roman', times; font-size: 8pt;">&nbsp;</font></p>












</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 17px; width: 5.8054%; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><font style="font-family: 'times new roman', times; font-size: 8pt;">&nbsp;</font></p>












</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 17px; width: 0.981194%; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><font style="font-family: 'times new roman', times; font-size: 8pt;">&nbsp;</font></p>












</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 17px; width: 5.8054%; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><font style="font-family: 'times new roman', times; font-size: 8pt;">&nbsp;</font></p>












</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 17px; width: 0.981194%; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><font style="font-family: 'times new roman', times; font-size: 8pt;">&nbsp;</font></p>












</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 17px; width: 5.64186%; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><font style="font-family: 'times new roman', times; font-size: 8pt;">&nbsp;</font></p>












</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 17px; width: 0.981194%; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><font style="font-family: 'times new roman', times; font-size: 8pt;">&nbsp;</font></p>












</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 17px; width: 5.8054%; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><font style="font-family: 'times new roman', times; font-size: 8pt;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 0.981194%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 8pt;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 5.8054%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 8pt;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 0.981194%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 8pt;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-top-width: 1px; border-top-style: solid; height: 17px; border-top-color: #000000 !important; width: 5.8054%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 8pt;">7,883</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 0.981194%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 8pt;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-top-width: 1px; border-top-style: solid; height: 17px; border-top-color: #000000 !important; width: 5.8054%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 8pt;">20,702</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 0.981194%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 8pt;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-top-width: 1px; border-top-style: solid; height: 17px; border-top-color: #000000 !important; width: 5.8054%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 8pt;">31,043</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 0.981194%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 8pt;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-top-width: 1px; border-top-style: solid; height: 17px; border-top-color: #000000 !important; width: 5.8054%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 8pt;">2,662</font></p>












</td>












</tr>

























</table>
<p style="margin: 0pt; text-align: left;"><br></p>






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

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











</tr>























</table>
<hr class="horizontalLineRemoved" style="border-bottom-color: #000000; border-top-color: #000000; color: #000000; background-color: #000000;"></hr>
<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div>
<div style="width: 8.5in; margin: 0 auto;">
<div>
<div>
<table style="font-size: 10pt; width: 100%; height: 30px; border-collapse: collapse; font-family: 'times new roman'; margin: 0px; text-indent: 0px;">

<tr style="height: 10px;">
<td style="height: 10px; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times; font-size: 12pt; font-weight: bold; float: none; line-height: inherit; display: inline !important;">Ultrapar Participa&#231;&#245;es S.A. and Subsidiaries</font></td>
<td style="height: 10px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><img src="imgc0dec36d433f45a2aa5c.jpg" style="float: right;" alt="Graphics"></font></td>













</tr>
<tr style="height: 10px;">
<td style="height: 10px;">
<p style="margin: 2pt 0in 0in; text-align: justify; font-size: 11pt; font-family: 'Times New Roman', serif;"><font style="font-family: 'times new roman', times; font-size: 10pt;">
















<b style="mso-bidi-font-weight: normal;">Notes to the interim financial information</b>


</font></p>













</td>
<td style="height: 10px;"><br></td>













</tr>
<tr style="height: 10px;">
<td style="font-size: 10pt; height: 10px; width: 75%; border-bottom-width: 1.5pt; border-bottom-style: solid; border-bottom-color: #000080 !important;">
<p style="margin: 2pt 0in 0.0001pt; text-align: justify; font-size: 11pt; font-family: 'Times New Roman', 'serif';"><font style="font-family: 'times new roman', times; font-size: 10pt;"><b style="mso-bidi-font-weight: normal;">For the period ended March 31, 2024</b></font><b><font style="font-size: 9.0pt; font-family: 'Arial','sans-serif';"></font></b></p>













</td>
<td style="height: 10px; border-bottom-width: 1.5pt; border-bottom-style: solid; border-bottom-color: #000080 !important;"><br></td>













</tr>



























</table>
<p style="margin: 0pt; text-align: left; line-height: 1.2;"><br></p>









</div>












</div>
<div>
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: justify; line-height: 1.2; text-indent: 0px;"><font style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"><font style="font-style: italic; font-weight: bold; line-height: inherit;">f</font><font style="font-style: italic; font-weight: bold; line-height: inherit;">. Liquidity risk</font></font></p>
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: justify; line-height: 1.2; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: justify; line-height: 1.2; text-indent: 0px;"><font style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;">The Company and its subsidiaries&#8217; main sources of liquidity derive from (i) cash, cash equivalents, and financial investments, (ii) cash generated from operations and (iii)&nbsp;financing. The Company and its subsidiaries believe that these sources are sufficient to satisfy their current funding requirements, which include, but are not limited to, working capital, capital expenditures, amortization of debt, and payment of dividends.</font></p>
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: justify; line-height: 1.2; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: justify; line-height: 1.2; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">The Company and its subsidiaries have sufficient working capital and sources of financing to meet their current needs. The gross indebtedness due over the next twelve months, including estimated interest on loans, totaled R$ 4,562,071 (for quantitative information, see Note 15). As of March 31, 2024, the Company and its subsidiaries had R$ 4,057,012 in cash, cash equivalents, and short-term investments (for quantitative information, see Note 4).</font></p>
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: justify; line-height: 1.2; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: justify; line-height: 1.2; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">The table below presents a summary of financial liabilities and leases payable as of March 31, 2024 by the Company and its subsidiaries, listed by maturity. The amounts disclosed in this table are the contractual undiscounted cash flows, and, therefore, these amounts may be different from the amounts disclosed in the statement of financial position.</font></p>
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: justify; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<table cellspacing="0" cellpadding="0" style="border-collapse: collapse; margin-left: 0pt; font-family: 'times new roman'; font-size: 10pt; height: 129px; width: 100%;" width="100%">

<tr style="height: 10px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">Total</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; break-after: avoid; break-inside: avoid; text-align: center; line-height: 1.2;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">Less than 1 year</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; break-after: avoid; break-inside: avoid; text-align: center; line-height: 1.2;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">Between 1 and 3 years</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; break-after: avoid; break-inside: avoid; text-align: center; line-height: 1.2;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">Between 3 and 5 years</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; break-after: avoid; break-inside: avoid; text-align: center; line-height: 1.2;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">More than 5 years</font></p>












</td>









</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 50%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Loans, including future contractual interest <font style="font-size: 8pt;"><sup>(1) (2)</sup></font></font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 10%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">15,029,097</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 10%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">4,562,071</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 10%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">4,422,285</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 10%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">3,107,426</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 10%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">2,937,315</font></p>












</td>









</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Hedging instruments <font style="font-size: 8pt;"><sup>(3)</sup></font></font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-size: 10pt; font-family: 'times new roman', times;">1,377,663</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-size: 10pt; font-family: 'times new roman', times;">453,515</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">439,369</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">405,933</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">78,846</font></p>












</td>









</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Trade payables</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">4,381,847</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">4,381,847</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#8208;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#8208;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#8208;</font></p>












</td>









</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Leases payable</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">2,240,379</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">419,217</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">505,129</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">334,135</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">981,898</font></p>












</td>









</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Financial liabilities of customers</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">319,808</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">16,011</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">303,797</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#8208;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#8208;</font></p>












</td>









</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Contingent consideration</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">89,640</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#8208;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#8208;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">89,640</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#8208;</font></p>












</td>









</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Other payables</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">204,077</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">176,343</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">27,734</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">-</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">-</font></p>












</td>









</tr>






















</table>
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-indent: 0px; 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: 0px; break-after: avoid; break-inside: avoid; text-align: justify; text-indent: 0px;"><font style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"><font style="font-size: 8pt;"><sup>(1)</sup></font> The interest on loans was estimated based on the US dollar futures contracts, Yen futures contracts, Euro futures contracts and on the future yield curves of the DI x fixed rate and DI x IPCA contracts, quoted on B3 as of March 31, 2024.</font></p>
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: justify; text-indent: 0px; line-height: 1.2;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: justify; text-indent: 0px; line-height: 1.2;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><font style="font-size: 8pt;"><sup>(2)</sup></font> Includes estimated interest on short-term and long-term loans until the contractually foreseen payment date.</font></p>
<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; 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-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"><font style="font-size: 8pt;"><sup>(3)</sup></font> The hedging instruments were estimated based on the US dollar futures contracts and the future curves of the DI x fixed rate and DI x IPCA contracts, quoted on B3 as of March 31, 2024. In the table above, only the hedging instruments with negative results at the time of settlement were considered.</font></p>






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<p style="font-size: 10pt; line-height: 1.2; margin: 0px; break-after: avoid; break-inside: avoid; text-align: justify; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
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<table style="width: 100%; font-family: 'times new roman'; font-size: 10pt;">

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











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<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div>
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<td style="height: 10px; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times; font-size: 12pt; font-weight: bold; float: none; line-height: inherit; display: inline !important;">Ultrapar Participa&#231;&#245;es S.A. and Subsidiaries</font></td>
<td style="height: 10px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><img src="imgc0dec36d433f45a2aa5c.jpg" style="float: right;" alt="Graphics"></font></td>













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<tr style="height: 10px;">
<td style="height: 10px;">
<p style="margin: 2pt 0in 0in; text-align: justify; font-size: 11pt; font-family: 'Times New Roman', serif;"><font style="font-family: 'times new roman', times; font-size: 10pt;">
















<b style="mso-bidi-font-weight: normal;">Notes to the interim financial information</b>


</font></p>













</td>
<td style="height: 10px;"><br></td>













</tr>
<tr style="height: 10px;">
<td style="font-size: 10pt; height: 10px; width: 75%; border-bottom-width: 1.5pt; border-bottom-style: solid; border-bottom-color: #000080 !important;">
<p style="margin: 2pt 0in 0.0001pt; text-align: justify; font-size: 11pt; font-family: 'Times New Roman', 'serif';"><font style="font-family: 'times new roman', times; font-size: 10pt;"><b style="mso-bidi-font-weight: normal;">For the period ended March 31, 2024</b></font><b><font style="font-size: 9.0pt; font-family: 'Arial','sans-serif';"></font></b></p>













</td>
<td style="height: 10px; border-bottom-width: 1.5pt; border-bottom-style: solid; border-bottom-color: #000080 !important;"><br></td>













</tr>



























</table>









</div>
<p style="font-size: 10pt; line-height: 1.2; margin: 0px; break-after: avoid; break-inside: avoid; text-align: justify; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>









</div>
<div style="margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-indent: 0px; line-height: 1.2;"><font style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"><font style="font-style: italic; font-weight: bold; line-height: inherit;">g</font><font style="font-style: italic; font-weight: bold; line-height: inherit;">. Capital management</font></font></p>
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-indent: 0px; line-height: 1.2;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: justify; text-indent: 0px; line-height: 1.2;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">The Company manages its capital structure based on indicators and benchmarks to ensure business continuity while maximizing return to shareholders by optimizing its debt and capital structure. </font></p>
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: justify; text-indent: 0px; line-height: 1.2;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: justify; text-indent: 0px; line-height: 1.2;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Capital structure is comprised of net debt (loans and financing, including debentures, according to Note 15 and leases payable according to Note 12.b, after deduction of cash, cash equivalents and financial investments, according to Note 4 and equity. The Company can change its capital structure depending on the economic and financial conditions, in order to optimize its financial leverage and capital management. The Company seeks to improve its return on invested capital by implementing efficient working capital management and a selective investment program.</font></p>
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: justify; text-indent: 0px; line-height: 1.2;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: justify; text-indent: 0px; line-height: 1.2;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Annually, the Company and its subsidiaries revise their capital structure, evaluating the cost of capital and the risks associated with each class of capital including the leverage ratio analysis, which is determined as the ratio between net debt and equity. </font></p>
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-indent: 0px; line-height: 1.2;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-indent: 0px; line-height: 1.2;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">The leverage ratio at the end of the period is as follows:</font></p>
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<table cellspacing="0" cellpadding="0" style="border-collapse: collapse; margin-left: 0pt; font-family: 'times new roman'; font-size: 10pt; height: 115px; width: 100%;" width="100%">

<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>












</td>
<td colspan="3" style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">Consolidated</font></p>












</td>









</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">03/31/2024</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">12/31/2023</font></p>












</td>









</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff; width: 73%;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Gross debt (a)</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff; width: 2%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff; width: 12%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">14,429,889</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff; width: 1%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff; width: 12%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">13,291,951</font></p>












</td>









</tr>
<tr style="height: 10px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Cash, cash equivalents, and short-term investments (b)</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">6,607,013</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">7,170,563</font></p>












</td>









</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">Net debt = (a) - (b)</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; 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; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">7,822,876</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; 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; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">6,121,388</font></p>












</td>









</tr>
<tr style="height: 18px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 18px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Equity</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 18px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; 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: 18px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">14,375,784</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 18px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; 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: 18px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">14,029,826</font></p>












</td>









</tr>
<tr style="height: 19px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 19px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">Net debt-to-equity ratio</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 19px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom-width: 2.8pt; border-bottom-style: double; border-top-width: 2.8pt; border-top-style: double; border-bottom-color: #000000 !important; border-top-color: #000000 !important; height: 19px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">54.42%</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 19px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom-width: 2.8pt; border-bottom-style: double; border-top-width: 2.8pt; border-top-style: double; border-bottom-color: #000000 !important; border-top-color: #000000 !important; height: 19px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">43.63%</font></p>












</td>









</tr>






















</table>
<p style="margin: 0pt; line-height: 1.2;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>









</div>
<div>
<p style="margin: 0pt; break-after: avoid; break-inside: avoid; text-align: justify; line-height: 1.2;"><font style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"><font style="font-style: italic; font-weight: bold; line-height: inherit;">h</font><font style="font-style: italic; font-weight: bold; line-height: inherit;">. Selection and use of financial instruments</font></font></p>
<p style="margin: 0pt; break-after: avoid; break-inside: avoid; text-align: justify; line-height: 1.2;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; break-after: avoid; break-inside: avoid; text-align: justify; line-height: 1.2;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">In selecting financial investments and derivative instruments, an analysis is conducted to estimate rates of return, risks involved, liquidity, calculation methodology for the carrying value and fair value, and a review is conducted of any documentation applicable to the financial instruments. The financial instruments used to manage the financial resources of the Company and its subsidiaries are intended to preserve value and liquidity. </font></p>
<p style="margin: 0pt; break-after: avoid; break-inside: avoid; text-align: justify; line-height: 1.2;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; break-after: avoid; break-inside: avoid; text-align: justify; line-height: 1.2;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">The Policy contemplates the use of derivative financial instruments to cover identified risks and in amounts consistent with the risk (limited to 100% of the identified risk) and with the Company&#8217;s supply strategy. The risks identified in the Policy are described in the above sections and are subject to risk management. In accordance with the Policy, the Company and its subsidiaries can use forward contracts, swaps, options, and futures contracts to manage identified risks. Leveraged derivative instruments are not permitted.</font></p>







</div>






</div>






<br></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'>73</font></font></td>











</tr>























</table>
<hr class="horizontalLineRemoved" style="border-bottom-color: #000000; border-top-color: #000000; color: #000000; background-color: #000000;"></hr>
<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div>
<div>
<div style="width: 8.5in; margin: 0 auto;">
<div>
<table style="font-size: 10pt; width: 100%; height: 30px; border-collapse: collapse; font-family: 'times new roman'; margin: 0px; text-indent: 0px;">

<tr style="height: 10px;">
<td style="height: 10px; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times; font-size: 12pt; font-weight: bold; float: none; line-height: inherit; display: inline !important;">Ultrapar Participa&#231;&#245;es S.A. and Subsidiaries</font></td>
<td style="height: 10px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><img src="imgc0dec36d433f45a2aa5c.jpg" style="float: right;" alt="Graphics"></font></td>




</tr>
<tr style="height: 10px;">
<td style="height: 10px;">
<p style="margin: 2pt 0in 0in; text-align: justify; font-size: 11pt; font-family: 'Times New Roman', serif;"><font style="font-family: 'times new roman', times; font-size: 10pt;">
















<b>Notes to the interim financial information</b>


</font></p>




</td>
<td style="height: 10px;"><br></td>




</tr>
<tr style="height: 10px;">
<td style="font-size: 10pt; height: 10px; width: 75%; border-bottom-width: 1.5pt; border-bottom-style: solid; border-bottom-color: #000080 !important;">
<p style="margin: 2pt 0in 0.0001pt; text-align: justify; font-size: 11pt; font-family: 'Times New Roman', 'serif';"><font style="font-family: 'times new roman', times; font-size: 10pt;"><b>For the period ended March 31, 2024</b></font><b><font style="font-size: 9.0pt; font-family: 'Arial','sans-serif';"></font></b></p>




</td>
<td style="height: 10px; border-bottom-width: 1.5pt; border-bottom-style: solid; border-bottom-color: #000080 !important;"><br></td>




</tr>









</table>
<p style="margin: 0pt; text-align: left; line-height: 1.2;"><br></p>










</div>
<p style="margin: 0pt; break-after: avoid; break-inside: avoid; text-align: justify; line-height: 1.2;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">The table below summarizes the gross balance of the position of derivative instruments contracted as well as of the gains (losses) that affect the equity and the statement of income of the Company and its subsidiaries:</font></p>
<p style="margin: 0pt; break-after: avoid; break-inside: avoid; text-align: justify; line-height: 1.2;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<table cellspacing="0" cellpadding="0" style="border-collapse: collapse; margin-left: 0pt; font-family: 'times new roman'; font-size: 10pt; height: 193px; width: 100%;" width="100%">

<tr style="height: 17px;">
<td colspan="3" style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; text-decoration: underline; line-height: inherit;">Derivatives designated as hedge accounting</font></p>













</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">&nbsp;</font></p>













</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">&nbsp;</font></p>













</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">&nbsp;</font></p>













</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">&nbsp;</font></p>













</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">&nbsp;</font></p>













</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">&nbsp;</font></p>













</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">&nbsp;</font></p>













</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">&nbsp;</font></p>













</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">&nbsp;</font></p>













</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">&nbsp;</font></p>













</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">&nbsp;</font></p>













</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">&nbsp;</font></p>













</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">&nbsp;</font></p>













</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">&nbsp;</font></p>













</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">&nbsp;</font></p>













</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">&nbsp;</font></p>













</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">&nbsp;</font></p>













</td>













</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">&nbsp;</font></p>













</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">&nbsp;</font></p>













</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">&nbsp;</font></p>













</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">&nbsp;</font></p>













</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">&nbsp;</font></p>













</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">&nbsp;</font></p>













</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">&nbsp;</font></p>













</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">&nbsp;</font></p>













</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">&nbsp;</font></p>













</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">&nbsp;</font></p>













</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">&nbsp;</font></p>













</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">&nbsp;</font></p>













</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">&nbsp;</font></p>













</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">&nbsp;</font></p>













</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">&nbsp;</font></p>













</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">&nbsp;</font></p>













</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">&nbsp;</font></p>













</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">&nbsp;</font></p>













</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">&nbsp;</font></p>













</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">&nbsp;</font></p>













</td>













</tr>
<tr style="height: 10px;">
<td style="padding-left: 3pt; padding-right: 3pt; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">Product</font></p>













</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">&nbsp;</font></p>













</td>
<td style="padding-left: 3pt; padding-right: 3pt; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">Hedged item</font></p>













</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">&nbsp;</font></p>













</td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">Contracted rates</font></p>













</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">&nbsp;</font></p>













</td>
<td style="padding-left: 3pt; padding-right: 3pt; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">Maturity</font></p>













</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">&nbsp;</font></p>













</td>
<td style="padding-left: 3pt; padding-right: 3pt; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">Note</font></p>













</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">&nbsp;</font></p>













</td>
<td style="padding-left: 3pt; padding-right: 3pt; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-size: 8pt; font-family: 'times new roman', times; line-height: inherit;"><font style="font-weight: bold; line-height: inherit;">Notional amount </font><font style="font-weight: bold; vertical-align: super; line-height: inherit; font-size: 7pt;">1</font></font></p>













</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">&nbsp;</font></p>













</td>
<td colspan="3" style="padding-left: 3pt; padding-right: 3pt; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">Fair value as of 03/31/2024</font></p>













</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">&nbsp;</font></p>













</td>
<td colspan="3" style="padding-left: 3pt; padding-right: 3pt; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">Gains (losses) as of 03/31/2024</font></p>













</td>













</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">&nbsp;</font></p>













</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">&nbsp;</font></p>













</td>
<td style="padding-left: 3pt; padding-right: 3pt; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">&nbsp;</font></p>













</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">&nbsp;</font></p>













</td>
<td style="padding-left: 3pt; padding-right: 3pt; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">Assets</font></p>













</td>
<td style="padding-left: 3pt; padding-right: 3pt; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">Liabilities</font></p>













</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">&nbsp;</font></p>













</td>
<td style="padding-left: 3pt; padding-right: 3pt; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">&nbsp;</font></p>













</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">&nbsp;</font></p>













</td>
<td style="padding-left: 3pt; padding-right: 3pt; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">&nbsp;</font></p>













</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">&nbsp;</font></p>













</td>
<td style="padding-left: 3pt; padding-right: 3pt; 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; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">03/31/2024</font></p>













</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">&nbsp;</font></p>













</td>
<td style="padding-left: 3pt; padding-right: 3pt; 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; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">Assets</font></p>













</td>
<td style="padding-left: 3pt; padding-right: 3pt; 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; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>













</td>
<td style="padding-left: 3pt; padding-right: 3pt; 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; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">Liabilities</font></p>













</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">&nbsp;</font></p>













</td>
<td style="padding-left: 3pt; padding-right: 3pt; 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; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">Results</font></p>













</td>
<td style="padding-left: 3pt; padding-right: 3pt; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">&nbsp;</font></p>













</td>
<td style="padding-left: 3pt; padding-right: 3pt; 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; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">Equity</font></p>













</td>













</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; width: 12%; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">Foreign exchange swap</font></p>













</td>
<td style="padding-left: 3pt; padding-right: 3pt; width: 1%; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">&nbsp;</font></p>













</td>
<td style="padding-left: 3pt; padding-right: 3pt; width: 10%; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">Financing</font></p>













</td>
<td style="padding-left: 3pt; padding-right: 3pt; width: 1%; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">&nbsp;</font></p>













</td>
<td style="padding-left: 3pt; padding-right: 3pt; width: 10%; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">USD + 0.00%</font></p>













</td>
<td style="padding-left: 3pt; padding-right: 3pt; width: 10%; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">53.60% of DI</font></p>













</td>
<td style="padding-left: 3pt; padding-right: 3pt; width: 1%; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">&nbsp;</font></p>













</td>
<td style="padding-left: 3pt; padding-right: 3pt; width: 7%; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">-</font></p>













</td>
<td style="padding-left: 3pt; padding-right: 3pt; width: 1%; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">&nbsp;</font></p>













</td>
<td style="padding-left: 3pt; padding-right: 3pt; width: 7%; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-size: 8pt; font-family: 'times new roman', times; line-height: inherit;">26.i.1</font></p>













</td>
<td style="padding-left: 3pt; padding-right: 3pt; width: 1%; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">&nbsp;</font></p>













</td>
<td style="padding-left: 3pt; padding-right: 3pt; border-top-width: 1px; border-top-style: solid; width: 7%; height: 17px; background-color: #cceeff; border-top-color: #000000 !important; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">-</font></p>













</td>
<td style="padding-left: 3pt; padding-right: 3pt; width: 1%; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">&nbsp;</font></p>













</td>
<td style="padding-left: 3pt; padding-right: 3pt; border-top-width: 1px; border-top-style: solid; width: 7%; height: 17px; background-color: #cceeff; border-top-color: #000000 !important; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">&#8208;</font></p>













</td>
<td style="padding-left: 3pt; padding-right: 3pt; border-top-width: 1px; border-top-style: solid; width: 1%; height: 17px; background-color: #cceeff; border-top-color: #000000 !important; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">&nbsp;</font></p>













</td>
<td style="padding-left: 3pt; padding-right: 3pt; border-top-width: 1px; border-top-style: solid; width: 7%; height: 17px; background-color: #cceeff; border-top-color: #000000 !important; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">&#8208;</font></p>













</td>
<td style="padding-left: 3pt; padding-right: 3pt; width: 1%; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">&nbsp;</font></p>













</td>
<td style="padding-left: 3pt; padding-right: 3pt; border-top-width: 1px; border-top-style: solid; width: 7%; height: 17px; background-color: #cceeff; border-top-color: #000000 !important; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-size: 8pt; font-family: 'times new roman', times; line-height: inherit;"> 5,581</font></p>













</td>
<td style="padding-left: 3pt; padding-right: 3pt; width: 1%; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">&nbsp;</font></p>













</td>
<td style="padding-left: 3pt; padding-right: 3pt; border-top-width: 1px; border-top-style: solid; width: 7%; height: 17px; background-color: #cceeff; border-top-color: #000000 !important; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">&#8208;</font></p>













</td>













</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">Foreign exchange swap</font></p>













</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">&nbsp;</font></p>













</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">Financing</font></p>













</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">&nbsp;</font></p>













</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">USD + 5.47%</font></p>













</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">110.02% of DI</font></p>













</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">&nbsp;</font></p>













</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">Sept-25</font></p>













</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">&nbsp;</font></p>













</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-size: 8pt; font-family: 'times new roman', times; line-height: inherit;">26.i.1</font></p>













</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">&nbsp;</font></p>













</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> USD 206,067</font></p>













</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">&nbsp;</font></p>













</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">&#8208;</font></p>













</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">&nbsp;</font></p>













</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> (65,532)</font></p>













</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">&nbsp;</font></p>













</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> 14,179</font></p>













</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">&nbsp;</font></p>













</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">&#8208;</font></p>













</td>













</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">Foreign exchange swap</font></p>













</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">&nbsp;</font></p>













</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">Financing</font></p>













</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">&nbsp;</font></p>













</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">EUR + 5.20%</font></p>













</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">109.44% of DI</font></p>













</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">&nbsp;</font></p>













</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">Mar-25</font></p>













</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">&nbsp;</font></p>













</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-size: 8pt; font-family: 'times new roman', times; line-height: inherit;">26.i.1</font></p>













</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">&nbsp;</font></p>













</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> EUR 120,147</font></p>













</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">&nbsp;</font></p>













</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> 65</font></p>













</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">&nbsp;</font></p>













</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> (2,046)</font></p>













</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">&nbsp;</font></p>













</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> (1,560)</font></p>













</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">&nbsp;</font></p>













</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">&#8208;</font></p>













</td>













</tr>
<tr style="height: 10px;">
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">Foreign exchange swap</font></p>













</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">&nbsp;</font></p>













</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">Financing</font></p>













</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">&nbsp;</font></p>













</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">JPY + 1.50%</font></p>













</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">109.30% of DI</font></p>













</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">&nbsp;</font></p>













</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">Mar-25</font></p>













</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">&nbsp;</font></p>













</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-size: 8pt; font-family: 'times new roman', times; line-height: inherit;">26.i.1</font></p>













</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">&nbsp;</font></p>













</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> JPY 16,324,393</font></p>













</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">&nbsp;</font></p>













</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">&#8208;</font></p>













</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">&nbsp;</font></p>













</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> (87,259)</font></p>













</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">&nbsp;</font></p>













</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> (29,161)</font></p>













</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">&nbsp;</font></p>













</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">&#8208;</font></p>













</td>













</tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">Interest rate swap</font></p>













</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">&nbsp;</font></p>













</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">Financing</font></p>













</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">&nbsp;</font></p>













</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">IPCA + 5.03%</font></p>













</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">102.87% of DI</font></p>













</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">&nbsp;</font></p>













</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">Jun-32</font></p>













</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">&nbsp;</font></p>













</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-size: 8pt; font-family: 'times new roman', times; line-height: inherit;">26.i.1</font></p>













</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">&nbsp;</font></p>













</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">BRL 3,226,054</font></p>













</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">&nbsp;</font></p>













</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> 597,187</font></p>













</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">&nbsp;</font></p>













</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">&#8208;</font></p>













</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">&nbsp;</font></p>













</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> (36,253)</font></p>













</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">&nbsp;</font></p>













</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">&#8208;</font></p>













</td>













</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">Interest rate swap</font></p>













</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">&nbsp;</font></p>













</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">Financing</font></p>













</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">&nbsp;</font></p>













</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">10.48%</font></p>













</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">103.64% of DI</font></p>













</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">&nbsp;</font></p>













</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">Jul-27</font></p>













</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">&nbsp;</font></p>













</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-size: 8pt; font-family: 'times new roman', times; line-height: inherit;">26.i.1</font></p>













</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">&nbsp;</font></p>













</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">BRL 615,791</font></p>













</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">&nbsp;</font></p>













</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> 5,808</font></p>













</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">&nbsp;</font></p>













</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> (3,391)</font></p>













</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">&nbsp;</font></p>













</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> (8,118)</font></p>













</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">&nbsp;</font></p>













</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">&#8208;</font></p>













</td>













</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">Commodity forward</font></p>













</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">&nbsp;</font></p>













</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">Firm commitments</font></p>













</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">&nbsp;</font></p>













</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">BRL</font></p>













</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">Heating Oil/ RBOB</font></p>













</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">&nbsp;</font></p>













</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">May-24</font></p>













</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">&nbsp;</font></p>













</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-size: 8pt; font-family: 'times new roman', times; line-height: inherit;">26.i.1</font></p>













</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">&nbsp;</font></p>













</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-size: 8pt; font-family: 'times new roman', times; line-height: inherit;">USD 568</font></p>













</td>
<td style="height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">&nbsp;</font></p>













</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-size: 8pt; font-family: 'times new roman', times; line-height: inherit;"> 3,661</font></p>













</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">&nbsp;</font></p>













</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-size: 8pt; font-family: 'times new roman', times; line-height: inherit;"> (1,302)</font></p>













</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">&nbsp;</font></p>













</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-size: 8pt; font-family: 'times new roman', times; line-height: inherit;"> (43,863)</font></p>













</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">&nbsp;</font></p>













</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">&#8208;</font></p>













</td>













</tr>
<tr style="height: 10px;">
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">NDF</font></p>













</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">&nbsp;</font></p>













</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">Firm commitments</font></p>













</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">&nbsp;</font></p>













</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">BRL</font></p>













</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">USD</font></p>













</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">&nbsp;</font></p>













</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">Dec-24</font></p>













</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">&nbsp;</font></p>













</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-size: 8pt; font-family: 'times new roman', times; line-height: inherit;">26.i.1</font></p>













</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">&nbsp;</font></p>













</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">USD 59,103</font></p>













</td>
<td style="height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">&nbsp;</font></p>













</td>
<td style="padding-left: 3pt; padding-right: 3pt; border-bottom-width: 1px; border-bottom-style: solid; height: 10px; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> 166</font></p>













</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">&nbsp;</font></p>













</td>
<td style="padding-left: 3pt; padding-right: 3pt; border-bottom-width: 1px; border-bottom-style: solid; height: 10px; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> (1,241)</font></p>













</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">&nbsp;</font></p>













</td>
<td style="padding-left: 3pt; padding-right: 3pt; border-bottom-width: 1px; border-bottom-style: solid; height: 10px; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> (8,026)</font></p>













</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">&nbsp;</font></p>













</td>
<td style="padding-left: 3pt; padding-right: 3pt; border-bottom-width: 1px; border-bottom-style: solid; height: 10px; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">&#8208;</font></p>













</td>













</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">&nbsp;</font></p>













</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">&nbsp;</font></p>













</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">&nbsp;</font></p>













</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">&nbsp;</font></p>













</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">&nbsp;</font></p>













</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">&nbsp;</font></p>













</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">&nbsp;</font></p>













</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">&nbsp;</font></p>













</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">&nbsp;</font></p>













</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">&nbsp;</font></p>













</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">&nbsp;</font></p>













</td>
<td style="vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">&nbsp;</font></p>













</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">&nbsp;</font></p>













</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-size: 8pt; font-family: 'times new roman', times; line-height: inherit;"> 606,878</font></p>













</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">&nbsp;</font></p>













</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-size: 8pt; font-family: 'times new roman', times; line-height: inherit;">(160,771)</font></p>













</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">&nbsp;</font></p>













</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-size: 8pt; font-family: 'times new roman', times; line-height: inherit;"> (107,221)</font></p>













</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">&nbsp;</font></p>













</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">&#8208;</font></p>













</td>













</tr>



























</table>
<p style="margin: 0pt; orphans: 0; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<table cellspacing="0" cellpadding="0" style="border-collapse: collapse; margin-left: 0pt; font-family: 'times new roman'; font-size: 10pt; height: 191px; width: 100%;" width="100%">

<tr style="height: 35px;">
<td style="padding-left: 3pt; padding-right: 3pt; border-bottom-width: 1px; border-bottom-style: solid; vertical-align: bottom; border-bottom-color: #000000 !important; height: 35px;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">Product</font></p>













</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 35px;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">&nbsp;</font></p>













</td>
<td style="padding-left: 3pt; padding-right: 3pt; border-bottom-width: 1px; border-bottom-style: solid; vertical-align: bottom; border-bottom-color: #000000 !important; height: 35px;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">Hedged item</font></p>













</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 35px;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">&nbsp;</font></p>













</td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; border-bottom-width: 1px; border-bottom-style: solid; vertical-align: bottom; border-bottom-color: #000000 !important; height: 35px;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">Contracted rates</font></p>













</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 35px;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">&nbsp;</font></p>













</td>
<td style="padding-left: 3pt; padding-right: 3pt; border-bottom-width: 1px; border-bottom-style: solid; vertical-align: bottom; border-bottom-color: #000000 !important; height: 35px;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">Maturity</font></p>













</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 35px;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">&nbsp;</font></p>













</td>
<td style="padding-left: 3pt; padding-right: 3pt; border-bottom-width: 1px; border-bottom-style: solid; vertical-align: bottom; border-bottom-color: #000000 !important; height: 35px;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">Note</font></p>













</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 35px;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">&nbsp;</font></p>













</td>
<td style="padding-left: 3pt; padding-right: 3pt; border-bottom-width: 1px; border-bottom-style: solid; vertical-align: bottom; border-bottom-color: #000000 !important; height: 35px;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-size: 8pt; font-family: 'times new roman', times; line-height: inherit;"><font style="font-weight: bold; line-height: inherit;">Notional amount </font><font style="font-weight: bold; vertical-align: super; line-height: inherit; font-size: 7pt;">1</font></font></p>













</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 35px;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">&nbsp;</font></p>













</td>
<td colspan="3" style="padding-left: 3pt; padding-right: 3pt; border-bottom-width: 1px; border-bottom-style: solid; vertical-align: bottom; border-bottom-color: #000000 !important; height: 35px;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">Fair value as of 03/31/2023</font></p>













</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 35px;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">&nbsp;</font></p>













</td>
<td colspan="3" style="padding-left: 3pt; padding-right: 3pt; border-bottom-width: 1px; border-bottom-style: solid; vertical-align: bottom; border-bottom-color: #000000 !important; height: 35px;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">Gains (losses) as of 03/31/2023</font></p>













</td>













</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; border-top-width: 1px; border-top-style: solid; vertical-align: bottom; border-top-color: #000000 !important; height: 17px;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">&nbsp;</font></p>













</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">&nbsp;</font></p>













</td>
<td style="padding-left: 3pt; padding-right: 3pt; border-top-width: 1px; border-top-style: solid; vertical-align: bottom; border-top-color: #000000 !important; height: 17px;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">&nbsp;</font></p>













</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">&nbsp;</font></p>













</td>
<td style="padding-left: 3pt; padding-right: 3pt; border-top-width: 1px; border-top-style: solid; vertical-align: bottom; border-top-color: #000000 !important; height: 17px;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">Assets</font></p>













</td>
<td style="padding-left: 3pt; padding-right: 3pt; border-top-width: 1px; border-top-style: solid; vertical-align: bottom; border-top-color: #000000 !important; height: 17px;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">Liabilities</font></p>













</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">&nbsp;</font></p>













</td>
<td style="padding-left: 3pt; padding-right: 3pt; border-top-width: 1px; border-top-style: solid; vertical-align: bottom; border-top-color: #000000 !important; height: 17px;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">&nbsp;</font></p>













</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">&nbsp;</font></p>













</td>
<td style="padding-left: 3pt; padding-right: 3pt; border-top-width: 1px; border-top-style: solid; vertical-align: bottom; border-top-color: #000000 !important; height: 17px;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">&nbsp;</font></p>













</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">&nbsp;</font></p>













</td>
<td style="padding-left: 3pt; padding-right: 3pt; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; vertical-align: bottom; border-top-color: #000000 !important; border-bottom-color: #000000 !important; height: 17px;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">03/31/2023</font></p>













</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">&nbsp;</font></p>













</td>
<td style="padding-left: 3pt; padding-right: 3pt; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; vertical-align: bottom; border-top-color: #000000 !important; border-bottom-color: #000000 !important; height: 17px;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">Assets</font></p>













</td>
<td style="padding-left: 3pt; padding-right: 3pt; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; vertical-align: bottom; border-top-color: #000000 !important; border-bottom-color: #000000 !important; height: 17px;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>













</td>
<td style="padding-left: 3pt; padding-right: 3pt; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; vertical-align: bottom; border-top-color: #000000 !important; border-bottom-color: #000000 !important; height: 17px;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">Liabilities</font></p>













</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">&nbsp;</font></p>













</td>
<td style="padding-left: 3pt; padding-right: 3pt; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; vertical-align: bottom; border-top-color: #000000 !important; border-bottom-color: #000000 !important; height: 17px;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">Results</font></p>













</td>
<td style="padding-left: 3pt; padding-right: 3pt; border-top-width: 1px; border-top-style: solid; vertical-align: bottom; border-top-color: #000000 !important; height: 17px;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">&nbsp;</font></p>













</td>
<td style="padding-left: 3pt; padding-right: 3pt; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; vertical-align: bottom; border-top-color: #000000 !important; border-bottom-color: #000000 !important; height: 17px;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">Equity</font></p>













</td>













</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; width: 12%; background-color: #cceeff; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">Foreign exchange swap</font></p>













</td>
<td style="padding-left: 3pt; padding-right: 3pt; width: 1%; background-color: #cceeff; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">&nbsp;</font></p>













</td>
<td style="padding-left: 3pt; padding-right: 3pt; width: 10%; background-color: #cceeff; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">Financing</font></p>













</td>
<td style="padding-left: 3pt; padding-right: 3pt; width: 1%; background-color: #cceeff; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">&nbsp;</font></p>













</td>
<td style="padding-left: 3pt; padding-right: 3pt; width: 10%; background-color: #cceeff; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">USD + 0.00%</font></p>













</td>
<td style="padding-left: 3pt; padding-right: 3pt; width: 10%; background-color: #cceeff; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">53.60% of DI</font></p>













</td>
<td style="padding-left: 3pt; padding-right: 3pt; width: 1%; background-color: #cceeff; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">&nbsp;</font></p>













</td>
<td style="padding-left: 3pt; padding-right: 3pt; width: 7%; background-color: #cceeff; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">Oct-26</font></p>













</td>
<td style="padding-left: 3pt; padding-right: 3pt; width: 1%; background-color: #cceeff; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">&nbsp;</font></p>













</td>
<td style="padding-left: 3pt; padding-right: 3pt; width: 7%; background-color: #cceeff; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-size: 8pt; font-family: 'times new roman', times; line-height: inherit;">26.i.1</font></p>













</td>
<td style="padding-left: 3pt; padding-right: 3pt; width: 1%; background-color: #cceeff; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">&nbsp;</font></p>













</td>
<td style="padding-left: 3pt; padding-right: 3pt; border-top-width: 1px; border-top-style: solid; width: 7%; background-color: #cceeff; height: 17px; border-top-color: #000000 !important; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">USD 234,000</font></p>













</td>
<td style="padding-left: 3pt; padding-right: 3pt; width: 1%; background-color: #cceeff; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">&nbsp;</font></p>













</td>
<td style="padding-left: 3pt; padding-right: 3pt; border-top-width: 1px; border-top-style: solid; width: 7%; background-color: #cceeff; height: 17px; border-top-color: #000000 !important; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">&#8208;</font></p>













</td>
<td style="padding-left: 3pt; padding-right: 3pt; border-top-width: 1px; border-top-style: solid; width: 1%; background-color: #cceeff; height: 17px; border-top-color: #000000 !important; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">&nbsp;</font></p>













</td>
<td style="padding-left: 3pt; padding-right: 3pt; border-top-width: 1px; border-top-style: solid; width: 7%; background-color: #cceeff; height: 17px; border-top-color: #000000 !important; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> (34,768)</font></p>













</td>
<td style="padding-left: 3pt; padding-right: 3pt; width: 1%; background-color: #cceeff; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">&nbsp;</font></p>













</td>
<td style="padding-left: 3pt; padding-right: 3pt; border-top-width: 1px; border-top-style: solid; width: 7%; background-color: #cceeff; height: 17px; border-top-color: #000000 !important; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> (30,302)</font></p>













</td>
<td style="padding-left: 3pt; padding-right: 3pt; width: 1%; background-color: #cceeff; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">&nbsp;</font></p>













</td>
<td style="padding-left: 3pt; padding-right: 3pt; border-top-width: 1px; border-top-style: solid; width: 7%; background-color: #cceeff; height: 17px; border-top-color: #000000 !important; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> (4,466)</font></p>













</td>













</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">Foreign exchange swap</font></p>













</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">&nbsp;</font></p>













</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">Financing</font></p>













</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">&nbsp;</font></p>













</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">USD + 5.17%</font></p>













</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">108.37% of DI</font></p>













</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">&nbsp;</font></p>













</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">Sept-25</font></p>













</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">&nbsp;</font></p>













</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-size: 8pt; font-family: 'times new roman', times; line-height: inherit;">26.i.1</font></p>













</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">&nbsp;</font></p>













</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> USD 331,067</font></p>













</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">&nbsp;</font></p>













</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> 94,512</font></p>













</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">&nbsp;</font></p>













</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> (61,878)</font></p>













</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">&nbsp;</font></p>













</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> (96,393)</font></p>













</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">&nbsp;</font></p>













</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">&#8208;</font></p>













</td>













</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">Foreign exchange swap</font></p>













</td>
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">&nbsp;</font></p>













</td>
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">Financing</font></p>













</td>
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">&nbsp;</font></p>













</td>
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">EUR + 5.12%</font></p>













</td>
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">111.93% of DI</font></p>













</td>
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">&nbsp;</font></p>













</td>
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">Jan-24</font></p>













</td>
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">&nbsp;</font></p>













</td>
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-size: 8pt; font-family: 'times new roman', times; line-height: inherit;">26.i.1</font></p>













</td>
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">&nbsp;</font></p>













</td>
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">EUR 22,480</font></p>













</td>
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">&nbsp;</font></p>













</td>
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">&#8208;</font></p>













</td>
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">&nbsp;</font></p>













</td>
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> (9,322)</font></p>













</td>
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">&nbsp;</font></p>













</td>
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> (10,097)</font></p>













</td>
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">&nbsp;</font></p>













</td>
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">&#8208;</font></p>













</td>













</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">Foreign exchange swap</font></p>













</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">&nbsp;</font></p>













</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">Financing</font></p>













</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">&nbsp;</font></p>













</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">JPY + 1.50%</font></p>













</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">109.40% of DI</font></p>













</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">&nbsp;</font></p>













</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">Mar-25</font></p>













</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">&nbsp;</font></p>













</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-size: 8pt; font-family: 'times new roman', times; line-height: inherit;">26.i.1</font></p>













</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">&nbsp;</font></p>













</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> JPY 12,564,393</font></p>













</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">&nbsp;</font></p>













</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">&#8208;</font></p>













</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">&nbsp;</font></p>













</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> (24,409)</font></p>













</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">&nbsp;</font></p>













</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> (34,389)</font></p>













</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">&nbsp;</font></p>













</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">&#8208;</font></p>













</td>













</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">Interest rate swap</font></p>













</td>
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">&nbsp;</font></p>













</td>
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">Financing</font></p>













</td>
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">&nbsp;</font></p>













</td>
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">IPCA + 5.03%</font></p>













</td>
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">102.87% of DI</font></p>













</td>
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">&nbsp;</font></p>













</td>
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">Jun-32</font></p>













</td>
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">&nbsp;</font></p>













</td>
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-size: 8pt; font-family: 'times new roman', times; line-height: inherit;">26.i.1</font></p>













</td>
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">&nbsp;</font></p>













</td>
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">BRL 3,226,054</font></p>













</td>
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">&nbsp;</font></p>













</td>
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> 247,045</font></p>













</td>
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">&nbsp;</font></p>













</td>
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> (10,316)</font></p>













</td>
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">&nbsp;</font></p>













</td>
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> 72,981</font></p>













</td>
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">&nbsp;</font></p>













</td>
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">&#8208;</font></p>













</td>













</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">Interest rate swap</font></p>













</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">&nbsp;</font></p>













</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">Financing</font></p>













</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">&nbsp;</font></p>













</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">6.47%</font></p>













</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">99.94% of CDI</font></p>













</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">&nbsp;</font></p>













</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">Nov-24</font></p>













</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">&nbsp;</font></p>













</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-size: 8pt; font-family: 'times new roman', times; line-height: inherit;">26.i.1</font></p>













</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">&nbsp;</font></p>













</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> BRL 90,000</font></p>













</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">&nbsp;</font></p>













</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">&#8208;</font></p>













</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">&nbsp;</font></p>













</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> (9,263)</font></p>













</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">&nbsp;</font></p>













</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> 250</font></p>













</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">&nbsp;</font></p>













</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">&#8208;</font></p>













</td>













</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">Commodity forward</font></p>













</td>
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">&nbsp;</font></p>













</td>
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">Firm commitments</font></p>













</td>
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">&nbsp;</font></p>













</td>
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">BRL</font></p>













</td>
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">Heating Oil/ RBOB</font></p>













</td>
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">&nbsp;</font></p>













</td>
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">Apr-23</font></p>













</td>
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">&nbsp;</font></p>













</td>
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-size: 8pt; font-family: 'times new roman', times; line-height: inherit;">26.i.1</font></p>













</td>
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">&nbsp;</font></p>













</td>
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> USD 30,323</font></p>













</td>
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">&nbsp;</font></p>













</td>
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> 2,535</font></p>













</td>
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">&nbsp;</font></p>













</td>
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> (2,582)</font></p>













</td>
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">&nbsp;</font></p>













</td>
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> 44,613</font></p>













</td>
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">&nbsp;</font></p>













</td>
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">&#8208;</font></p>













</td>













</tr>
<tr style="height: 10px;">
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">NDF</font></p>













</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">&nbsp;</font></p>













</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">Firm commitments</font></p>













</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">&nbsp;</font></p>













</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">BRL</font></p>













</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">USD</font></p>













</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">&nbsp;</font></p>













</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">Jun-23</font></p>













</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">&nbsp;</font></p>













</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-size: 8pt; font-family: 'times new roman', times; line-height: inherit;">26.i.1</font></p>













</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">&nbsp;</font></p>













</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> USD 60,996</font></p>













</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">&nbsp;</font></p>













</td>
<td style="padding-left: 3pt; padding-right: 3pt; border-bottom-width: 1px; border-bottom-style: solid; height: 10px; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> 5,104</font></p>













</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">&nbsp;</font></p>













</td>
<td style="padding-left: 3pt; padding-right: 3pt; border-bottom-width: 1px; border-bottom-style: solid; height: 10px; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> (2,399)</font></p>













</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">&nbsp;</font></p>













</td>
<td style="padding-left: 3pt; padding-right: 3pt; border-bottom-width: 1px; border-bottom-style: solid; height: 10px; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> 8,822</font></p>













</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">&nbsp;</font></p>













</td>
<td style="padding-left: 3pt; padding-right: 3pt; border-bottom-width: 1px; border-bottom-style: solid; height: 10px; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">&#8208;</font></p>













</td>













</tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 10px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">&nbsp;</font></p>













</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 10px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">&nbsp;</font></p>













</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 10px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">&nbsp;</font></p>













</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 10px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">&nbsp;</font></p>













</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">&nbsp;</font></p>













</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">&nbsp;</font></p>













</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 10px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">&nbsp;</font></p>













</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">&nbsp;</font></p>













</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 10px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">&nbsp;</font></p>













</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">&nbsp;</font></p>













</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 10px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">&nbsp;</font></p>













</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">&nbsp;</font></p>













</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">&nbsp;</font></p>













</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-top-width: 1px; border-top-style: solid; background-color: #cceeff; border-top-color: #000000 !important; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> 349,196</font></p>













</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">&nbsp;</font></p>













</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-top-width: 1px; border-top-style: solid; background-color: #cceeff; border-top-color: #000000 !important; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">(154,937)</font></p>













</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">&nbsp;</font></p>













</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-top-width: 1px; border-top-style: solid; background-color: #cceeff; border-top-color: #000000 !important; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> (44,515)</font></p>













</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">&nbsp;</font></p>













</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-top-width: 1px; border-top-style: solid; background-color: #cceeff; border-top-color: #000000 !important; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> (4,466)</font></p>













</td>













</tr>



























</table>
<p style="margin: 0pt; orphans: 0; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>




</div>




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

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







</tr>















</table>
<hr class="horizontalLineRemoved" style="border-bottom-color: #000000; border-top-color: #000000; color: #000000; background-color: #000000;"></hr>
<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div>
<div style="width: 8.5in; margin: 0 auto;">
<div>
<table style="font-size: 10pt; width: 100%; height: 30px; border-collapse: collapse; font-family: 'times new roman';">

<tr style="height: 10px;">
<td style="height: 10px; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times; font-size: 12pt; font-weight: bold; float: none; line-height: inherit; display: inline !important;">Ultrapar Participa&#231;&#245;es S.A. and Subsidiaries</font></td>
<td style="height: 10px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><img src="imgc0dec36d433f45a2aa5c.jpg" style="float: right;" alt="Graphics"></font></td>




</tr>
<tr style="height: 10px;">
<td style="height: 10px;">
<p style="margin: 2pt 0in 0in; text-align: justify; font-size: 11pt; font-family: 'Times New Roman', serif;"><font style="font-family: 'times new roman', times; font-size: 10pt;">
















<b>Notes to the interim financial information</b>


</font></p>




</td>
<td style="height: 10px;"><br></td>




</tr>
<tr style="height: 10px;">
<td style="font-size: 10pt; height: 10px; width: 75%; border-bottom-width: 1.5pt; border-bottom-style: solid; border-bottom-color: #000080 !important;">
<p style="margin: 2pt 0in 0.0001pt; text-align: justify; font-size: 11pt; font-family: 'Times New Roman', 'serif';"><font style="font-family: 'times new roman', times; font-size: 10pt;"><b>For the period ended March 31, 2024</b></font><b><font style="font-size: 9.0pt; font-family: 'Arial','sans-serif';"></font></b></p>




</td>
<td style="height: 10px; border-bottom-width: 1.5pt; border-bottom-style: solid; border-bottom-color: #000080 !important;"><br></td>




</tr>









</table>
<p style="margin: 0pt; text-align: left; line-height: 1.2;"><br></p>





</div>
<table cellspacing="0" cellpadding="0" style="border-collapse: collapse; margin-left: 0pt; font-family: 'times new roman'; font-size: 10pt; height: 154px; width: 100%;" width="100%">

<tr style="height: 17px;">
<td colspan="3" style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; text-decoration: underline; line-height: inherit;">Derivatives not designated as hedge accounting</font></p>













</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">&nbsp;</font></p>













</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">&nbsp;</font></p>













</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">&nbsp;</font></p>













</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">&nbsp;</font></p>













</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">&nbsp;</font></p>













</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">&nbsp;</font></p>













</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">&nbsp;</font></p>













</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">&nbsp;</font></p>













</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">&nbsp;</font></p>













</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">&nbsp;</font></p>













</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">&nbsp;</font></p>













</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">&nbsp;</font></p>













</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">&nbsp;</font></p>













</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">&nbsp;</font></p>













</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">&nbsp;</font></p>













</td>













</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">&nbsp;</font></p>













</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">&nbsp;</font></p>













</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">&nbsp;</font></p>













</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">&nbsp;</font></p>













</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">&nbsp;</font></p>













</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">&nbsp;</font></p>













</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">&nbsp;</font></p>













</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">&nbsp;</font></p>













</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">&nbsp;</font></p>













</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">&nbsp;</font></p>













</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">&nbsp;</font></p>













</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">&nbsp;</font></p>













</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">&nbsp;</font></p>













</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">&nbsp;</font></p>













</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">&nbsp;</font></p>













</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">&nbsp;</font></p>













</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">&nbsp;</font></p>













</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">&nbsp;</font></p>













</td>













</tr>
<tr style="height: 18px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; height: 18px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">Product</font></p>













</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 18px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">&nbsp;</font></p>













</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; height: 18px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">Hedged item</font></p>













</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 18px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">&nbsp;</font></p>













</td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; height: 18px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">Contracted rates</font></p>













</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 18px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">&nbsp;</font></p>













</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; height: 18px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">Maturity</font></p>













</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 18px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">&nbsp;</font></p>













</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; height: 18px;">
<p style="margin: 0pt; text-align: center;"><font style="font-size: 8pt; font-family: 'times new roman', times; line-height: inherit;"><font style="font-weight: bold; line-height: inherit;">Notional amount </font><font style="font-weight: bold; vertical-align: super; line-height: inherit; font-size: 7pt;">1</font></font></p>













</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; height: 18px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>













</td>
<td colspan="3" style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; height: 18px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">Fair value as of 03/31/2024</font></p>













</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 18px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">&nbsp;</font></p>













</td>
<td colspan="3" style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; height: 18px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">Gains (losses) as of 03/31/2024</font></p>













</td>













</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">&nbsp;</font></p>













</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">&nbsp;</font></p>













</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">&nbsp;</font></p>













</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">&nbsp;</font></p>













</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">Assets</font></p>













</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">Liabilities</font></p>













</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">&nbsp;</font></p>













</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">&nbsp;</font></p>













</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">&nbsp;</font></p>













</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; 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; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">03/31/2024</font></p>













</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">&nbsp;</font></p>













</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; 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; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">Assets</font></p>













</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">&nbsp;</font></p>













</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; 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; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">Liabilities</font></p>













</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">&nbsp;</font></p>













</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; 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; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">Results</font></p>













</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">&nbsp;</font></p>













</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; 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; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">Equity</font></p>













</td>













</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; width: 17%; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">Foreign exchange swap</font></p>













</td>
<td style="padding-left: 3pt; padding-right: 3pt; width: 1%; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">&nbsp;</font></p>













</td>
<td style="padding-left: 3pt; padding-right: 3pt; width: 10%; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">Financing</font></p>













</td>
<td style="padding-left: 3pt; padding-right: 3pt; width: 1%; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">&nbsp;</font></p>













</td>
<td style="padding-left: 3pt; padding-right: 3pt; width: 10%; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">USD + 0.00%</font></p>













</td>
<td style="padding-left: 3pt; padding-right: 3pt; width: 10%; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">52.53% of CDI</font></p>













</td>
<td style="padding-left: 3pt; padding-right: 3pt; width: 1%; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">&nbsp;</font></p>













</td>
<td style="padding-left: 3pt; padding-right: 3pt; width: 7%; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">Jun-29</font></p>













</td>
<td style="padding-left: 3pt; padding-right: 3pt; width: 1%; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">&nbsp;</font></p>













</td>
<td style="padding-left: 3pt; padding-right: 3pt; border-top-width: 1px; border-top-style: solid; width: 10%; height: 17px; background-color: #cceeff; border-top-color: #000000 !important; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">USD 300,000</font></p>













</td>
<td style="padding-left: 3pt; padding-right: 3pt; width: 1%; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">&nbsp;</font></p>













</td>
<td style="padding-left: 3pt; padding-right: 3pt; border-top-width: 1px; border-top-style: solid; width: 7%; height: 17px; background-color: #cceeff; border-top-color: #000000 !important; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> 201,596</font></p>













</td>
<td style="padding-left: 3pt; padding-right: 3pt; width: 1%; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">&nbsp;</font></p>













</td>
<td style="padding-left: 3pt; padding-right: 3pt; border-top-width: 1px; border-top-style: solid; width: 7%; height: 17px; background-color: #cceeff; border-top-color: #000000 !important; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">&#8208;</font></p>













</td>
<td style="padding-left: 3pt; padding-right: 3pt; width: 1%; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">&nbsp;</font></p>













</td>
<td style="padding-left: 3pt; padding-right: 3pt; border-top-width: 1px; border-top-style: solid; width: 7%; height: 17px; background-color: #cceeff; border-top-color: #000000 !important; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> 11,775</font></p>













</td>
<td style="padding-left: 3pt; padding-right: 3pt; width: 1%; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">&nbsp;</font></p>













</td>
<td style="padding-left: 3pt; padding-right: 3pt; border-top-width: 1px; border-top-style: solid; width: 7%; height: 17px; background-color: #cceeff; border-top-color: #000000 !important; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">&#8208;</font></p>













</td>













</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">NDF</font></p>













</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">&nbsp;</font></p>













</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">Firm commitments</font></p>













</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">&nbsp;</font></p>













</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">USD</font></p>













</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">BRL</font></p>













</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">&nbsp;</font></p>













</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">May-24</font></p>













</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">&nbsp;</font></p>













</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">USD 68,561</font></p>













</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">&nbsp;</font></p>













</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> 424</font></p>













</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">&nbsp;</font></p>













</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> (651)</font></p>













</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">&nbsp;</font></p>













</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> 19,685</font></p>













</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">&nbsp;</font></p>













</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">&#8208;</font></p>













</td>













</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">Commodity forward</font></p>













</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">&nbsp;</font></p>













</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">Firm commitments</font></p>













</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">&nbsp;</font></p>













</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">BRL</font></p>













</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">Heating Oil/ RBOB</font></p>













</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">&nbsp;</font></p>













</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">Dec-24</font></p>













</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">&nbsp;</font></p>













</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> USD 137,355</font></p>













</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">&nbsp;</font></p>













</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> 13,942</font></p>













</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">&nbsp;</font></p>













</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> (7,957)</font></p>













</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">&nbsp;</font></p>













</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> (1,373)</font></p>













</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">&nbsp;</font></p>













</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">&#8208;</font></p>













</td>













</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">Interest rate swap</font></p>













</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">&nbsp;</font></p>













</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">Financing</font></p>













</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">&nbsp;</font></p>













</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">USD + 5.25%</font></p>













</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">CDI - 1.36%</font></p>













</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">&nbsp;</font></p>













</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">Jun-29</font></p>













</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">&nbsp;</font></p>













</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> USD 300,000</font></p>













</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">&nbsp;</font></p>













</td>
<td style="padding-left: 3pt; padding-right: 3pt; border-bottom-width: 1px; border-bottom-style: solid; height: 17px; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">&#8208;</font></p>













</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">&nbsp;</font></p>













</td>
<td style="padding-left: 3pt; padding-right: 3pt; border-bottom-width: 1px; border-bottom-style: solid; height: 17px; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> (229,271)</font></p>













</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">&nbsp;</font></p>













</td>
<td style="padding-left: 3pt; padding-right: 3pt; border-bottom-width: 1px; border-bottom-style: solid; height: 17px; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> (33,028)</font></p>













</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">&nbsp;</font></p>













</td>
<td style="padding-left: 3pt; padding-right: 3pt; border-bottom-width: 1px; border-bottom-style: solid; height: 17px; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">&#8208;</font></p>













</td>













</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">&nbsp;</font></p>













</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">&nbsp;</font></p>













</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">&nbsp;</font></p>













</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">&nbsp;</font></p>













</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">&nbsp;</font></p>













</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">&nbsp;</font></p>













</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">&nbsp;</font></p>













</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">&nbsp;</font></p>













</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">&nbsp;</font></p>













</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">&nbsp;</font></p>













</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">&nbsp;</font></p>













</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> 215,962</font></p>













</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">&nbsp;</font></p>













</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> (237,879)</font></p>













</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">&nbsp;</font></p>













</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> (2,941)</font></p>













</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">&nbsp;</font></p>













</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">&#8208;</font></p>













</td>













</tr>



























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

<tr style="height: 1pt;">
<td style="padding-left: 3pt; padding-right: 3pt; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">Product</font></p>













</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">&nbsp;</font></p>













</td>
<td style="padding-left: 3pt; padding-right: 3pt; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">Hedged item</font></p>













</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">&nbsp;</font></p>













</td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">Contracted rates</font></p>













</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">&nbsp;</font></p>













</td>
<td style="padding-left: 3pt; padding-right: 3pt; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">Maturity</font></p>













</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">&nbsp;</font></p>













</td>
<td style="padding-left: 3pt; padding-right: 3pt; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-size: 8pt; font-family: 'times new roman', times; line-height: inherit;"><font style="font-weight: bold; line-height: inherit;">Notional amount </font><font style="font-weight: bold; vertical-align: super; line-height: inherit; font-size: 7pt;">1</font></font></p>













</td>
<td style="padding-left: 3pt; padding-right: 3pt; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>













</td>
<td colspan="3" style="padding-left: 3pt; padding-right: 3pt; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">Fair value as of 03/31/2023</font></p>













</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">&nbsp;</font></p>













</td>
<td colspan="3" style="padding-left: 3pt; padding-right: 3pt; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">Gains (losses) as of 03/31/2023</font></p>













</td>













</tr>
<tr style="height: 1pt;">
<td style="padding-left: 3pt; padding-right: 3pt; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">&nbsp;</font></p>













</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">&nbsp;</font></p>













</td>
<td style="padding-left: 3pt; padding-right: 3pt; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">&nbsp;</font></p>













</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">&nbsp;</font></p>













</td>
<td style="padding-left: 3pt; padding-right: 3pt; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">Assets</font></p>













</td>
<td style="padding-left: 3pt; padding-right: 3pt; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">Liabilities</font></p>













</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">&nbsp;</font></p>













</td>
<td style="padding-left: 3pt; padding-right: 3pt; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">&nbsp;</font></p>













</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">&nbsp;</font></p>













</td>
<td style="padding-left: 3pt; padding-right: 3pt; 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; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">03/31/2023</font></p>













</td>
<td style="padding-left: 3pt; padding-right: 3pt; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">&nbsp;</font></p>













</td>
<td style="padding-left: 3pt; padding-right: 3pt; 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; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">Assets</font></p>













</td>
<td style="padding-left: 3pt; padding-right: 3pt; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">&nbsp;</font></p>













</td>
<td style="padding-left: 3pt; padding-right: 3pt; 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; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">Liabilities</font></p>













</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">&nbsp;</font></p>













</td>
<td style="padding-left: 3pt; padding-right: 3pt; 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; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">Results</font></p>













</td>
<td style="padding-left: 3pt; padding-right: 3pt; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">&nbsp;</font></p>













</td>
<td style="padding-left: 3pt; padding-right: 3pt; 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; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">Equity</font></p>













</td>













</tr>
<tr style="height: 1pt; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; width: 17%; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">Foreign exchange swap</font></p>













</td>
<td style="padding-left: 3pt; padding-right: 3pt; width: 1%; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">&nbsp;</font></p>













</td>
<td style="padding-left: 3pt; padding-right: 3pt; width: 10%; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">Financing</font></p>













</td>
<td style="padding-left: 3pt; padding-right: 3pt; width: 1%; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">&nbsp;</font></p>













</td>
<td style="padding-left: 3pt; padding-right: 3pt; width: 10%; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">0.00%</font></p>













</td>
<td style="padding-left: 3pt; padding-right: 3pt; width: 10%; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">53.0% of CDI</font></p>













</td>
<td style="padding-left: 3pt; padding-right: 3pt; width: 1%; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">&nbsp;</font></p>













</td>
<td style="padding-left: 3pt; padding-right: 3pt; width: 7%; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">Jun-29</font></p>













</td>
<td style="padding-left: 3pt; padding-right: 3pt; width: 1%; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">&nbsp;</font></p>













</td>
<td style="padding-left: 3pt; padding-right: 3pt; border-top-width: 1px; border-top-style: solid; width: 10%; background-color: #cceeff; border-top-color: #000000 !important; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">USD 375,000</font></p>













</td>
<td style="padding-left: 3pt; padding-right: 3pt; width: 1%; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">&nbsp;</font></p>













</td>
<td style="padding-left: 3pt; padding-right: 3pt; border-top-width: 1px; border-top-style: solid; width: 7%; background-color: #cceeff; border-top-color: #000000 !important; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> 220,779</font></p>













</td>
<td style="padding-left: 3pt; padding-right: 3pt; width: 1%; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">&nbsp;</font></p>













</td>
<td style="padding-left: 3pt; padding-right: 3pt; border-top-width: 1px; border-top-style: solid; width: 7%; background-color: #cceeff; border-top-color: #000000 !important; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> (28,231)</font></p>













</td>
<td style="padding-left: 3pt; padding-right: 3pt; width: 1%; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">&nbsp;</font></p>













</td>
<td style="padding-left: 3pt; padding-right: 3pt; border-top-width: 1px; border-top-style: solid; width: 7%; background-color: #cceeff; border-top-color: #000000 !important; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> (37,631)</font></p>













</td>
<td style="padding-left: 3pt; padding-right: 3pt; width: 1%; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">&nbsp;</font></p>













</td>
<td style="padding-left: 3pt; padding-right: 3pt; border-top-width: 1px; border-top-style: solid; width: 7%; background-color: #cceeff; border-top-color: #000000 !important; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">&#8208;</font></p>













</td>













</tr>
<tr style="height: 1pt;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">NDF</font></p>













</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">&nbsp;</font></p>













</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">Firm commitments</font></p>













</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">&nbsp;</font></p>













</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">USD</font></p>













</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">BRL</font></p>













</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">&nbsp;</font></p>













</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">Aug-23</font></p>













</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">&nbsp;</font></p>













</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> USD 1,103,776</font></p>













</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">&nbsp;</font></p>













</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> 77,995</font></p>













</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">&nbsp;</font></p>













</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> (151,080)</font></p>













</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">&nbsp;</font></p>













</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> (48,894)</font></p>













</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">&nbsp;</font></p>













</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">&#8208;</font></p>













</td>













</tr>
<tr style="height: 1pt; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">Commodity forward</font></p>













</td>
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">&nbsp;</font></p>













</td>
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">Firm commitments</font></p>













</td>
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">&nbsp;</font></p>













</td>
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">BRL</font></p>













</td>
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">Heating Oil/ RBOB</font></p>













</td>
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">&nbsp;</font></p>













</td>
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">Nov-23</font></p>













</td>
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">&nbsp;</font></p>













</td>
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">USD 28,318</font></p>













</td>
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">&nbsp;</font></p>













</td>
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> 5,502</font></p>













</td>
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">&nbsp;</font></p>













</td>
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> (5,712)</font></p>













</td>
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">&nbsp;</font></p>













</td>
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> 1,803</font></p>













</td>
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">&nbsp;</font></p>













</td>
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">&#8208;</font></p>













</td>













</tr>
<tr style="height: 1pt;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">Interest rate swap</font></p>













</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">&nbsp;</font></p>













</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">Financing</font></p>













</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">&nbsp;</font></p>













</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">USD + 5.25%</font></p>













</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">CDI - 1.36%</font></p>













</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">&nbsp;</font></p>













</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">Jun-29</font></p>













</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">&nbsp;</font></p>













</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> USD 300,000</font></p>













</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">&nbsp;</font></p>













</td>
<td style="padding-left: 3pt; padding-right: 3pt; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">&#8208;</font></p>













</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">&nbsp;</font></p>













</td>
<td style="padding-left: 3pt; padding-right: 3pt; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> (339,855)</font></p>













</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">&nbsp;</font></p>













</td>
<td style="padding-left: 3pt; padding-right: 3pt; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> (31,034)</font></p>













</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">&nbsp;</font></p>













</td>
<td style="padding-left: 3pt; padding-right: 3pt; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">&#8208;</font></p>













</td>













</tr>
<tr style="height: 1pt; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">&nbsp;</font></p>













</td>
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">&nbsp;</font></p>













</td>
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">&nbsp;</font></p>













</td>
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">&nbsp;</font></p>













</td>
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">&nbsp;</font></p>













</td>
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">&nbsp;</font></p>













</td>
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">&nbsp;</font></p>













</td>
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">&nbsp;</font></p>













</td>
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">&nbsp;</font></p>













</td>
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">&nbsp;</font></p>













</td>
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">&nbsp;</font></p>













</td>
<td style="padding-left: 3pt; padding-right: 3pt; border-top-width: 1px; border-top-style: solid; background-color: #cceeff; border-top-color: #000000 !important; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> 304,276</font></p>













</td>
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">&nbsp;</font></p>













</td>
<td style="padding-left: 3pt; padding-right: 3pt; border-top-width: 1px; border-top-style: solid; background-color: #cceeff; border-top-color: #000000 !important; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> (524,878)</font></p>













</td>
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">&nbsp;</font></p>













</td>
<td style="padding-left: 3pt; padding-right: 3pt; border-top-width: 1px; border-top-style: solid; background-color: #cceeff; border-top-color: #000000 !important; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"> (115,756)</font></p>













</td>
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">&nbsp;</font></p>













</td>
<td style="padding-left: 3pt; padding-right: 3pt; border-top-width: 1px; border-top-style: solid; background-color: #cceeff; border-top-color: #000000 !important; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">&#8208;</font></p>













</td>













</tr>



























</table>
<p style="margin: 0pt; line-height: 1.2;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font><font style="font-family: 'times new roman', times; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; break-after: avoid; break-inside: avoid; line-height: 1.2;"><font style="font-family: 'times new roman', times; line-height: inherit;"><font style="font-size: 8pt; line-height: inherit;"><sup>1</sup> </font><font style="font-size: 8pt;">Currency as indicated.</font></font></p>
<p style="margin: 0pt; break-after: avoid; break-inside: avoid; line-height: 1.2;"><font style="font-family: 'times new roman', times; line-height: inherit;"><font style="vertical-align: super; line-height: inherit; font-size: 8pt;">2</font> <font style="font-size: 8pt;">Amounts, net of income tax.</font></font></p>
<p style="margin: 0pt; break-after: avoid; break-inside: avoid; line-height: 1.2;"><font style="font-family: 'times new roman', times; line-height: inherit;"><font style="font-size: 8pt;"><br></font></font></p>




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











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<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div>
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<td style="height: 10px; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times; font-size: 12pt; font-weight: bold; float: none; line-height: inherit; display: inline !important;">Ultrapar Participa&#231;&#245;es S.A. and Subsidiaries</font></td>
<td style="height: 10px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><img src="imgc0dec36d433f45a2aa5c.jpg" style="float: right;" alt="Graphics"></font></td>













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<b style="mso-bidi-font-weight: normal;">Notes to the interim financial information</b>


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<p style="margin: 2pt 0in 0.0001pt; text-align: justify; font-size: 11pt; font-family: 'Times New Roman', 'serif';"><font style="font-family: 'times new roman', times; font-size: 10pt;"><b style="mso-bidi-font-weight: normal;">For the period ended March 31, 2024</b></font><b><font style="font-size: 9.0pt; font-family: 'Arial','sans-serif';"></font></b></p>













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<p style="margin: 0pt; text-align: left; line-height: 1.2;"><br></p>









</div>
<p style="margin: 2pt 0pt 0pt; break-after: avoid; break-inside: avoid; text-align: justify; line-height: 1.2;"><font style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"><font style="font-style: italic; font-weight: bold; line-height: inherit;">i</font><font style="font-style: italic; font-weight: bold; line-height: inherit;">. Hedge accounting</font></font></p>
<p style="margin: 0pt; break-after: avoid; break-inside: avoid; text-align: justify; line-height: 1.2;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; break-after: avoid; break-inside: avoid; text-align: justify; line-height: 1.2;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">The Company and its subsidiaries use derivative and non-derivative financial instruments for hedging purposes and test, throughout the duration of the hedge, their effectiveness, as well as the changes in their fair value. </font></p>
<p style="margin: 0pt; break-after: avoid; break-inside: avoid; text-align: justify; line-height: 1.2;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; break-after: avoid; break-inside: avoid; text-align: justify; line-height: 1.2;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">The Company and its subsidiaries discontinue hedge accounting when the hedging instrument is settled or if the hedged item ceases to exist or the hedge ceases to qualify for hedge accounting due to the absence of an economic relationship between the hedged item and the hedging instrument. The voluntary removal of designation is not permitted.</font></p>
<p style="margin: 0pt; break-after: avoid; break-inside: avoid; text-align: justify; line-height: 1.2;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 2pt 0pt 0pt; break-after: avoid; break-inside: avoid; text-align: justify; line-height: 1.2;"><font style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"><font style="font-style: italic; font-weight: bold; line-height: inherit;">i</font><font style="font-style: italic; font-weight: bold; line-height: inherit;">.1 Fair value hedge</font></font></p>
<p style="margin: 0pt; break-after: avoid; break-inside: avoid; text-align: justify; line-height: 1.2;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; break-after: avoid; break-inside: avoid; text-align: justify; line-height: 1.2;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">The Company and its subsidiaries designate as fair value hedges certain financial instruments used to offset the variations in interest and exchange rates, which are based on the market value of financing contracted in Brazilian Reais and US Dollars. </font></p>
<p style="margin: 0pt; break-after: avoid; break-inside: avoid; text-align: justify; line-height: 1.2;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>









</div>
<div>
<p style="margin: 0pt; break-after: avoid; break-inside: avoid; text-align: justify; line-height: 1.2;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">The foreign exchange hedging instruments designated as fair value hedge are:</font></p>
<p style="margin: 0pt; break-after: avoid; break-inside: avoid; text-align: justify; line-height: 1.2;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
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<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">In thousands, except the DI %</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">03/31/2024</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">03/31/2023</font></p>












</td>









</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff; width: 75%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Notional amount &#8211; US$</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff; width: 12%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">206,067</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 1%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff; width: 12%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">331,067</font></p>












</td>









</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Result of hedging instruments - gain/(loss) - R$</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">14,179</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">(96,393)</font></p>












</td>









</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Fair value adjustment of debt - R$</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">3,495</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">16,631</font></p>












</td>









</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Financial result of the debt - R$</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">(46,610)</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">41,526</font></p>












</td>









</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Average effective cost - DI %</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">110</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">108</font></p>












</td>









</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>












</td>









</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Notional amount &#8211; EUR</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">120,147</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">22,480</font></p>












</td>









</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Result of hedging instruments - gain/(loss) - R$</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">(1,560)</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">(10,097)</font></p>












</td>









</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Fair value adjustment of debt - R$</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">(4,718)</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">(851)</font></p>












</td>









</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Financial result of the debt - R$</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">(6,791)</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">(1,003)</font></p>












</td>









</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Average effective cost - DI %</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">109</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">112</font></p>












</td>









</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>












</td>









</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Notional amount &#8211; JPY</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">16,324,393</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">12,564,393</font></p>












</td>









</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Result of hedging instruments - gain/(loss) - R$</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">(29,161)</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">(34,389)</font></p>












</td>









</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Fair value adjustment of debt - R$</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">135</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">(6,667)</font></p>












</td>









</tr>
<tr style="height: 10px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Financial result of the debt - R$</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">13,202</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">17,687</font></p>












</td>









</tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Average effective cost - DI %</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">109</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">109</font></p>












</td>









</tr>






















</table>
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: justify; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>






</div>






</div>






</div>






</div>
<div style="line-height: 1.2;">
<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; line-height: inherit;" class="pageno"><font class='pageno'>76</font></font></td>











</tr>























</table>
<hr class="horizontalLineRemoved" style="border-bottom-color: #000000; border-top-color: #000000; color: #000000; background-color: #000000;"></hr>
<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div>
<div style="width: 8.5in; margin: 0 auto;">
<div>
<table style="font-size: 10pt; width: 100%; height: 30px; border-collapse: collapse; font-family: 'times new roman'; margin: 0px; text-indent: 0px;">

<tr style="height: 10px;">
<td style="height: 10px; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times; font-size: 12pt; font-weight: bold; float: none; line-height: inherit; display: inline !important;">Ultrapar Participa&#231;&#245;es S.A. and Subsidiaries</font></td>
<td style="height: 10px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><img src="imgc0dec36d433f45a2aa5c.jpg" style="float: right;" alt="Graphics"></font></td>













</tr>
<tr style="height: 10px;">
<td style="height: 10px;">
<p style="margin: 2pt 0in 0in; text-align: justify; font-size: 11pt; font-family: 'Times New Roman', serif;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">
















<b style="mso-bidi-font-weight: normal;">Notes to the interim financial information</b>


</font></p>













</td>
<td style="height: 10px;"><br></td>













</tr>
<tr style="height: 10px;">
<td style="font-size: 10pt; height: 10px; width: 75%; border-bottom-width: 1.5pt; border-bottom-style: solid; border-bottom-color: #000080 !important;">
<p style="margin: 2pt 0in 0.0001pt; text-align: justify; font-size: 11pt; font-family: 'Times New Roman', 'serif';"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><b style="mso-bidi-font-weight: normal;">For the period ended March 31, 2024</b></font><b><font style="font-size: 9pt; font-family: Arial, 'sans-serif'; line-height: inherit;"></font></b></p>













</td>
<td style="height: 10px; border-bottom-width: 1.5pt; border-bottom-style: solid; border-bottom-color: #000080 !important;"><br></td>













</tr>



























</table>
<p style="margin: 0pt; text-align: left; line-height: 1.2;"><br></p>









</div>
<p style="margin: 0pt; break-after: avoid; break-inside: avoid; text-align: justify; line-height: 1.2;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">The interest rate hedging instruments designated as fair value hedge are:</font></p>
<p style="margin: 0pt; break-after: avoid; break-inside: avoid; text-align: justify; line-height: 1.2;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>
<table cellspacing="0" cellpadding="0" style="border-collapse: collapse; margin-left: 0pt; font-family: 'times new roman'; font-size: 10pt; height: 60px; width: 100%;" width="100%">

<tr style="height: 10px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">In thousands, except the DI %</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">03/31/2024</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">03/31/2023</font></p>












</td>









</tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 75%; background-color: #cceeff; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Notional amount &#8211; R$</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 12%; background-color: #cceeff; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">3,226,054</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 1%; background-color: #cceeff; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 12%; background-color: #cceeff; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">3,226,054</font></p>












</td>









</tr>
<tr style="height: 10px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Result of hedging instruments - gain/(loss) - R$</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">(36,253)</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">72,981</font></p>












</td>









</tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Fair value adjustment of debt - R$</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">61,065</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">(54,958)</font></p>












</td>









</tr>
<tr style="height: 10px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Financial result of the debt - R$</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">(122,613)</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">(127,485)</font></p>












</td>









</tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Average effective cost - DI %</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">102.9</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">102.9</font></p>












</td>









</tr>






















</table>
<p style="margin: 0pt 0pt 0pt 21.25pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: justify; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>
<table cellspacing="0" cellpadding="0" style="border-collapse: collapse; margin-left: 0pt; font-family: 'times new roman'; font-size: 10pt; height: 60px; width: 100%;" width="100%">

<tr style="height: 10px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">In thousands, except the DI %</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom-width: 1px; border-bottom-style: solid; height: 10px; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">03/31/2024</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom-width: 1px; border-bottom-style: solid; height: 10px; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">03/31/2023</font></p>












</td>









</tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 75%; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Notional amount &#8211; R$</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 12%; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">615,791</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 1%; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 12%; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">90,000</font></p>












</td>









</tr>
<tr style="height: 10px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Result of hedging instruments - gain/(loss) - R$</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">(8,118)</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">250</font></p>












</td>









</tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Fair value adjustment of debt - R$</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">6,496</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">(1,788)</font></p>












</td>









</tr>
<tr style="height: 10px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Financial result of the debt - R$</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">(11,632)</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">(1,431)</font></p>












</td>









</tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Average effective cost - DI %</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">103.6</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">99.9</font></p>












</td>









</tr>






















</table>
<p style="margin: 0pt; line-height: 1.2;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; break-after: avoid; break-inside: avoid; text-align: justify; line-height: 1.2;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">The foreign exchange hedging instruments and commodities designated as fair value hedge are as described below and are concentrated in subsidiary Ipiranga. The objective of this relationship is to transform the cost of the imported product from fixed to variable until fuel blending, as occurs with the price adopted in its sales. Ipiranga carries out these operations with over-the-counter derivatives that are designated in a hedge accounting relationship, as a fair value hedge in an amount equivalent to the inventories of imported product.</font></p>
<p style="margin: 0pt; break-after: avoid; break-inside: avoid; text-align: justify; line-height: 1.2;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
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<tr style="height: 1pt;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">In thousands</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">03/31/2024</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">03/31/2023</font></p>












</td>









</tr>
<tr style="height: 1pt; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 75%; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Notional amount &#8211; US$</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 12%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">80,643</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 1%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 12%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">91,319</font></p>












</td>









</tr>
<tr style="height: 1pt;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Result of hedging instruments - gain/(loss) - R$</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">(51,953)</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">(43,158)</font></p>












</td>









</tr>
<tr style="height: 1pt; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Notional amount &#8211; US$</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">(3,556)</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">49,199</font></p>












</td>









</tr>






















</table>
<p style="margin: 0pt; line-height: 1.2;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; line-height: 1.2;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">For further information, see Note 15.</font></p>






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<p style="margin: 0pt; line-height: 1.2;"><br></p>
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<td class="pgno" style="padding: 0px; text-align: center;"><font style="font-size: 10pt; line-height: inherit;" class="pageno"><font class='pageno'>77</font></font></td>











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<td style="height: 10px; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times; font-size: 12pt; font-weight: bold; float: none; line-height: inherit; display: inline !important;">Ultrapar Participa&#231;&#245;es S.A. and Subsidiaries</font></td>
<td style="height: 10px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><img src="imgc0dec36d433f45a2aa5c.jpg" style="float: right;" alt="Graphics"></font></td>













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<td style="height: 10px;">
<p style="margin: 2pt 0in 0in; text-align: justify; font-size: 11pt; font-family: 'Times New Roman', serif;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">
















<b style="mso-bidi-font-weight: normal;">Notes to the interim financial information</b>


</font></p>













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<td style="height: 10px;"><br></td>













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<td style="font-size: 10pt; height: 10px; width: 75%; border-bottom-width: 1.5pt; border-bottom-style: solid; border-bottom-color: #000080 !important;">
<p style="margin: 2pt 0in 0.0001pt; text-align: justify; font-size: 11pt; font-family: 'Times New Roman', 'serif';"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><b style="mso-bidi-font-weight: normal;">For the period ended March 31, 2024</b></font><b><font style="font-size: 9pt; font-family: Arial, 'sans-serif'; line-height: inherit;"></font></b></p>













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<td style="height: 10px; border-bottom-width: 1.5pt; border-bottom-style: solid; border-bottom-color: #000080 !important;"><br></td>













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<p style="margin: 0pt; text-align: left; line-height: 1.1;"><br></p>









</div>
<p style="margin: 2pt 0pt 0pt; break-after: avoid; break-inside: avoid; text-align: justify; line-height: 1.2;"><font style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"><font style="font-style: italic; font-weight: bold; line-height: inherit;">i</font><font style="font-style: italic; font-weight: bold; line-height: inherit;">.2</font><font style="font-style: italic; font-weight: bold; line-height: inherit;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font style="font-style: italic; font-weight: bold; line-height: inherit;">Cash flow hedge</font></font></p>
<p style="margin: 0pt; break-after: avoid; break-inside: avoid; line-height: 1.2;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; break-after: avoid; break-inside: avoid; text-align: justify; line-height: 1.2;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">The Company and its subsidiaries designate as cash flow hedge, derivative instruments for protection against variations arising from exchange rate changes and for protection of notes in the foreign market.</font></p>
<p style="margin: 0pt; text-align: justify; line-height: 1.2;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify; line-height: 1.2;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">As of March 31, 2024, no balance was recorded for derivative instruments for exchange rate protection designated as cash flow hedges, referring to notes in the foreign market (US$ 234,000 as of December 31, 2023).</font></p>
<p style="margin: 0pt; text-align: justify; line-height: 1.2;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 2pt 0pt 0pt; break-after: avoid; break-inside: avoid; text-align: justify; line-height: 1.2;"><font style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"><font style="font-style: italic; font-weight: bold; line-height: inherit;">j</font><font style="font-style: italic; font-weight: bold; line-height: inherit;">. Classes and categories of financial instruments and their fair values</font></font></p>
<p style="margin: 0pt; break-after: avoid; break-inside: avoid; text-align: justify; line-height: 1.2;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; break-after: avoid; break-inside: avoid; text-align: justify; line-height: 1.2;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">The fair value of other financial investments, derivative instruments, financing and leases payable was determined using calculation methodologies commonly used for mark-to-market reporting, which consist of calculating future cash flows associated with each instrument adopted and adjusting them to present value at the market rates as of the date of the financial statements. For some cases where there is no active market for the financial instrument, the Company and its subsidiaries can use quotes provided by the transaction counterparties.</font></p>
<p style="margin: 0pt; break-after: avoid; break-inside: avoid; text-align: justify; line-height: 1.2;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; break-after: avoid; break-inside: avoid; text-align: justify; line-height: 1.2;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">The interpretation of market information on the choice of calculation methodologies for the fair value requires considerable judgment and estimates to obtain a value deemed appropriate to each situation. Consequently, the estimates presented do not necessarily indicate the amounts that may be realizable. </font></p>
<p style="margin: 0pt; text-align: justify; line-height: 1.2;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; break-after: avoid; break-inside: avoid; text-align: justify; line-height: 1.2;"><font style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;">Financial instruments were classified as financial assets or liabilities measured at amortized cost, except for (i) all exchange rate and interest rate hedging instruments, which are measured at fair value through profit or loss, financial investments classified as measured at fair value through profit or loss and financial investments that are classified as measured at fair value through other comprehensive income (see Note 4.b), (ii) loans and financing measured at fair value through profit or loss (see Note 15), (iii)&nbsp;guarantees to customers that have vendor arrangements (see Note 15), which are measured at fair value through profit or loss, and (iv) subscription warrants &#8211; indemnification, which are measured at fair value through profit or loss (see Note 19). Cash, banks, trade receivables and reseller financing are classified as financial assets measured at amortized cost. Trade payables and other payables are classified as financial liabilities measured at amortized cost. </font></p>
<p style="margin: 2pt 0pt 0pt; text-align: justify; line-height: 1.2;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; break-after: avoid; break-inside: avoid; text-align: justify; line-height: 1.2;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">The financial instruments are classified in the following categories:</font></p>
<p style="margin: 0pt; break-after: avoid; break-inside: avoid; text-align: justify; line-height: 1.2;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; break-after: avoid; break-inside: avoid; text-align: justify; line-height: 1.2;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">(a) Level 1 &#8211; prices negotiated (without adjustment) in active markets for identical assets or liabilities;</font></p>
<p style="margin: 2pt 0pt 0pt; text-align: justify; line-height: 1.2;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; break-after: avoid; break-inside: avoid; text-align: justify; line-height: 1.2;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">(b) Level 2 &#8211; inputs other than prices negotiated in active markets included in Level 1 and observable for the asset or liability, either directly (as prices) or indirectly (derived from prices); and</font></p>
<p style="margin: 2pt 0pt 0pt; text-align: justify; line-height: 1.2;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; break-after: avoid; break-inside: avoid; text-align: justify; line-height: 1.2;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">(c) Level 3 - inputs for assets or liabilities that are not based on observable market variables (unobservable inputs).</font></p>






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











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<td style="height: 10px; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times; font-size: 12pt; font-weight: bold; float: none; line-height: inherit; display: inline !important;">Ultrapar Participa&#231;&#245;es S.A. and Subsidiaries</font></td>
<td style="height: 10px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><img src="imgc0dec36d433f45a2aa5c.jpg" style="float: right;" alt="Graphics"></font></td>













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<p style="margin: 2pt 0in 0in; text-align: justify; font-size: 11pt; font-family: 'Times New Roman', serif;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">
















<b style="mso-bidi-font-weight: normal;">Notes to the interim financial information</b>


</font></p>













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<td style="font-size: 10pt; height: 10px; width: 75%; border-bottom-width: 1.5pt; border-bottom-style: solid; border-bottom-color: #000080 !important;">
<p style="margin: 2pt 0in 0.0001pt; text-align: justify; font-size: 11pt; font-family: 'Times New Roman', 'serif';"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><b style="mso-bidi-font-weight: normal;">For the period ended March 31, 2024</b></font><b><font style="font-size: 9pt; font-family: Arial, 'sans-serif'; line-height: inherit;"></font></b></p>













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<p style="margin: 0pt; text-align: left; line-height: 1.2;"><br></p>
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">The fair values and the carrying amounts of the financial instruments, including derivative instruments and the hierarchy of fair value for each class of financial instruments, are stated below:</font></p>









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<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>
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<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">&nbsp;</font></p>












</td>
<td colspan="3" style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">Carrying value</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">&nbsp;</font></p>












</td>
<td colspan="5" style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">Fair value</font></p>












</td>









</tr>
<tr style="height: 10px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;" valign="bottom">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">March 31, 2024</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">Note</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; vertical-align: bottom; height: 10px;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">Measured at fair value through profit or loss</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; vertical-align: bottom; height: 10px;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; vertical-align: bottom; height: 10px;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">Measured at amortized cost</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; vertical-align: bottom; height: 10px;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">Level 1</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; vertical-align: bottom; height: 10px;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; vertical-align: bottom; height: 10px;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">Level 2</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; vertical-align: bottom; height: 10px;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; vertical-align: bottom; height: 10px;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">Level 3</font></p>












</td>









</tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 10px; width: 38%;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Financial assets:</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 10px; width: 8%;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 10px; width: 10%;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 10px; width: 1%;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 10px; width: 10%;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 10px; width: 1%;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 10px; width: 10%;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 10px; width: 1%;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 10px; width: 10%;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 10px; width: 1%;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 10px; width: 10%;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>












</td>









</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Cash and cash equivalents</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>












</td>









</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Cash and banks</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">4.a</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">203,719</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208;</font></p>












</td>









</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Securities and funds in local currency</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">4.a</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">3,401,897</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208;</font></p>












</td>









</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Securities and funds in foreign currency</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">4.a</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">141,936</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208;</font></p>












</td>









</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Financial investments</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>












</td>









</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Securities and funds in local currency</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">4.b</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">107,440</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208;</font></p>












</td>









</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Securities and funds in foreign currency</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">4.b</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">1,567,059</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208;</font></p>












</td>









</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Derivative financial instruments and other financial assets</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">4.b</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">1,184,962</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">326,859</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">858,103</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208;</font></p>












</td>









</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Trade receivables</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">5.a</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">4,063,110</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208;</font></p>












</td>









</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Reseller financing</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">5.b</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">1,226,274</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208;</font></p>












</td>









</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Trade receivables - sale of subsidiaries</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">5.c</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">963,714</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208;</font></p>












</td>









</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Other receivables</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">-</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">459,548</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">-</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">-</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">-</font></p>












</td>









</tr>
<tr style="height: 10px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">Total</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; 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: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">1,184,962</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; 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: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">12,134,697</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; 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: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">326,859</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; 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: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">858,103</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; 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: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208;</font></p>












</td>









</tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 10px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 10px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-top-width: 2.8pt; border-top-style: double; border-top-color: #000000 !important; background-color: #cceeff; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-top-width: 2.8pt; border-top-style: double; border-top-color: #000000 !important; background-color: #cceeff; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-top-width: 2.8pt; border-top-style: double; border-top-color: #000000 !important; background-color: #cceeff; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-top-width: 2.8pt; border-top-style: double; border-top-color: #000000 !important; background-color: #cceeff; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-top-width: 2.8pt; border-top-style: double; border-top-color: #000000 !important; background-color: #cceeff; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>












</td>









</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Financial liabilities:</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>












</td>









</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Financing</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">15.a</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">2,234,958</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">5,201,139</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">2,234,958</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208;</font></p>












</td>









</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Debentures</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">15.a</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">4,634,092</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">488,454</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">4,634,092</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208;</font></p>












</td>









</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; line-height: 1.1;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Foreign exchange, interest rate and commodity hedging instruments</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">15.a</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">399,152</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">-</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">399,152</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; background-color: #cceeff; height: 17px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208;</font></p>












</td>









</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Trade payables</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">16.a</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">-</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">3,077,758</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208;</font></p>












</td>









</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Trade payables - reverse factoring</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">16.b</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">1,174,646</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208;</font></p>












</td>









</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Subscription warrants &#8211; indemnification</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">19</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">88,118</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">88,118</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208;</font></p>












</td>









</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Financial liabilities of customers</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">277,558</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208;</font></p>












</td>









</tr>
<tr style="height: 10px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Contingent consideration</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">114,947</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">114,947</font></p>












</td>









</tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 10px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Other payables</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">-</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">194,703</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">-</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">-</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">-</font></p>












</td>









</tr>
<tr style="height: 10px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">Total</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; 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: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">7,471,267</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; 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: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">10,414,258</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; 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: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; 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: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;">7,356,320</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; 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: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">114,947</font></p>












</td>









</tr>






















</table>
<p style="margin: 0pt; orphans: 0; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>






</div>






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

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











</tr>























</table>
<hr class="horizontalLineRemoved" style="border-bottom-color: #000000; border-top-color: #000000; color: #000000; background-color: #000000;"></hr>
<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div>
<div style="width: 8.5in; margin: 0 auto;">
<div>
<table style="font-size: 10pt; width: 100%; height: 30px; border-collapse: collapse; font-family: 'times new roman'; margin: 0px; text-indent: 0px;">

<tr style="height: 10px;">
<td style="height: 10px; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times; font-size: 12pt; font-weight: bold; float: none; line-height: inherit; display: inline !important;">Ultrapar Participa&#231;&#245;es S.A. and Subsidiaries</font></td>
<td style="height: 10px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><img src="imgc0dec36d433f45a2aa5c.jpg" style="float: right;" alt="Graphics"></font></td>













</tr>
<tr style="height: 10px;">
<td style="height: 10px;">
<p style="margin: 2pt 0in 0in; text-align: justify; font-size: 11pt; font-family: 'Times New Roman', serif;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">
















<b style="mso-bidi-font-weight: normal;">Notes to the interim financial information</b>


</font></p>













</td>
<td style="height: 10px;"><br></td>













</tr>
<tr style="height: 10px;">
<td style="font-size: 10pt; height: 10px; width: 75%; border-bottom-width: 1.5pt; border-bottom-style: solid; border-bottom-color: #000080 !important;">
<p style="margin: 2pt 0in 0.0001pt; text-align: justify; font-size: 11pt; font-family: 'Times New Roman', 'serif';"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><b style="mso-bidi-font-weight: normal;">For the period ended March 31, 2024</b></font><b><font style="font-size: 9pt; font-family: Arial, 'sans-serif'; line-height: inherit;"></font></b></p>













</td>
<td style="height: 10px; border-bottom-width: 1.5pt; border-bottom-style: solid; border-bottom-color: #000080 !important;"><br></td>













</tr>



























</table>
<p style="margin: 0pt; text-align: left; line-height: 1.2;"><br></p>









</div>
<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: 1pt;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">&nbsp;</font></p>












</td>
<td colspan="3" style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">Carrying value</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">&nbsp;</font></p>












</td>
<td colspan="5" style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">Fair value</font></p>












</td>









</tr>
<tr style="height: 1pt;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">December 31, 2023</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">Note</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center; line-height: 1.2;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">Measured at fair value through profit or loss</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">Measured at amortized cost</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">Level 1</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">Level 2</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; line-height: inherit;">Level 3</font></p>












</td>









</tr>
<tr style="height: 1pt; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Financial assets:</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>












</td>









</tr>
<tr style="height: 1pt;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 38%;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Cash and cash equivalents</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 8%;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 10%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 1%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 10%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 1%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 10%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 1%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 10%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 1%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 10%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>












</td>









</tr>
<tr style="height: 1pt; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Cash and banks</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">4.a</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">125,152</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208;</font></p>












</td>









</tr>
<tr style="height: 1pt;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Securities and funds in local currency</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">4a</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">5,476,726</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208;</font></p>












</td>









</tr>
<tr style="height: 1pt; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Securities and funds in foreign currency</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">4.a</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">323,810</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208;</font></p>












</td>









</tr>
<tr style="height: 1pt;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Financial investments</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>












</td>









</tr>
<tr style="height: 1pt; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Securities and funds in local currency</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">4.b</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">82,592</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">82,592</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208;</font></p>












</td>









</tr>
<tr style="height: 1pt;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 0pt; line-height: 1.1;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Derivative financial instruments and other financial assets</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">4.b</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">1,162,283</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">1,162,283</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208;</font></p>












</td>









</tr>
<tr style="height: 1pt; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Trade receivables</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">5.a</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">4,269,473</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208;</font></p>












</td>









</tr>
<tr style="height: 1pt;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Reseller financing</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">5.b</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">1,189,886</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208;</font></p>












</td>









</tr>
<tr style="height: 1pt; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Trade receivables - sale of subsidiaries</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">5.c</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">924,364</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208;</font></p>












</td>









</tr>
<tr style="height: 1pt;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Other receivables</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">-</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">393,036</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">-</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">-</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">-</font></p>












</td>









</tr>
<tr style="height: 1pt; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">Total</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">1,244,875</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">12,702,447</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">1,244,875</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208;</font></p>












</td>









</tr>
<tr style="height: 1pt;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-top-width: 2.8pt; border-top-style: double; border-top-color: #000000 !important;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-top-width: 2.8pt; border-top-style: double; border-top-color: #000000 !important;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-top-width: 2.8pt; border-top-style: double; border-top-color: #000000 !important;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-top-width: 2.8pt; border-top-style: double; border-top-color: #000000 !important;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-top-width: 2.8pt; border-top-style: double; border-top-color: #000000 !important;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-top-width: 2.8pt; border-top-style: double; border-top-color: #000000 !important;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>












</td>









</tr>
<tr style="height: 1pt; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Financial liabilities:</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>












</td>









</tr>
<tr style="height: 1pt;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Financing</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">15.a</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">1,584,452</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">4,449,857</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">1,584,452</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208;</font></p>












</td>









</tr>
<tr style="height: 1pt; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Debentures</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">15.a</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">4,618,704</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">488,269</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">4,618,704</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208;</font></p>












</td>









</tr>
<tr style="height: 1pt;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 0pt; line-height: 1.1;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Foreign exchange, interest rate and commodity hedging instruments</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">15.a</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">626,735</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">626,735</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208;</font></p>












</td>









</tr>
<tr style="height: 1pt; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Trade payables</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">16.a</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">-</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">4,682,671</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208;</font></p>












</td>









</tr>
<tr style="height: 1pt;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Trade payables - reverse factoring</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">16.b</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">1,039,366</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208;</font></p>












</td>









</tr>
<tr style="height: 1pt; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Subscription warrants &#8211; indemnification</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">19</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">87,299</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">87,299</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208;</font></p>












</td>









</tr>
<tr style="height: 1pt;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Financial liabilities of customers</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">308,934</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208;</font></p>












</td>









</tr>
<tr style="height: 1pt; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Contingent consideration</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">112,196</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">112,196</font></p>












</td>









</tr>
<tr style="height: 1pt;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Other payables</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">-</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">190,090</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">-</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">-</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">-</font></p>












</td>









</tr>
<tr style="height: 1pt; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">Total</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; 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; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">7,029,386</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; 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; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">11,159,187</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; 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; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8208;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; 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; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; 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; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">6,917,190</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>












</td>
<td style="padding-left: 3pt; padding-right: 3pt; 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; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">112,196</font></p>












</td>









</tr>






















</table>
<p style="margin: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">The fair value of financial instruments, including foreign exchange and interest hedging instruments, was determined as described below:</font></p>
<ul>
<li style="font-family: Symbol; font-size: 11pt; margin: 0pt 0pt 0pt 10.06pt; orphans: 0; padding-left: 4.14pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify; text-indent: 0pt; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">The fair value of cash and banks are identical to their carrying values.</font></li>
<li style="font-family: Symbol; font-size: 11pt; margin: 0pt 0pt 0pt 10.06pt; orphans: 0; padding-left: 4.14pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify; text-indent: 0pt; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Financial investments in investment funds are valued at the fund unit value as of the date of the financial statements, which corresponds to their fair value.</font></li>
<li style="font-family: Symbol; font-size: 11pt; margin: 0pt 0pt 0pt 10.06pt; orphans: 0; padding-left: 4.14pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify; text-indent: 0pt; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Financial investments in CDBs (Bank Certificates of Deposit) and similar instruments offer daily liquidity through repurchase at the &#8220;yield curve&#8221; and the Company calculates their fair value through methodologies commonly used for mark to market.</font></li>
<li style="font-family: Symbol; font-size: 11pt; margin: 0pt 0pt 0pt 10.06pt; orphans: 0; padding-left: 4.14pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify; text-indent: 0pt; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">The carrying values of trade receivables, reseller financing, trade receivables - sale of subsidiaries, other receivables, trade payables and trade payables - reverse factoring approximate their fair values and the Company calculates their fair value through methodologies commonly used in the market.</font></li>
<li style="font-family: Symbol; font-size: 11pt; margin: 0pt 0pt 0pt 10.06pt; orphans: 0; padding-left: 4.14pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify; text-indent: 0pt; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">The balances of subscription warrants - indemnification were measured based on the share price of Ultrapar (UGPA3) as of the date of the financial statements and are adjusted to the Company&#8217;s dividend yield, since the exercise is only possible from 2020 onwards and they are not entitled to dividends. The number of shares of subscription warrants &#8211; indemnification was also adjusted according to the changes in the amounts of provisions for tax, civil, and labor risks and contingent liabilities related to the period prior to January 31, 2014 (see Note 22).</font></li>
<li style="font-family: Symbol; font-size: 11pt; margin: 0pt 0pt 0pt 10.06pt; orphans: 0; padding-left: 4.14pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify; text-indent: 0pt; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">The fair value calculation of notes in the foreign market of Ultrapar International is based on the quoted price in an active market (see Note 16).</font></li>
<li style="font-family: Symbol; font-size: 11pt; margin: 0pt 0pt 0pt 10.06pt; orphans: 0; padding-left: 4.14pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify; text-indent: 0pt; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">As a result of the acquisition of Stella GD Intermedia&#231;&#227;o de Gera&#231;&#227;o Distribu&#237;da de Energia Ltda, the Company has a contingent consideration (&#8220;earnout&#8221;), which is determined based on contractual goals set for revenue and accounting net cash flow to be achieved in the year ending December 31, 2026. The Company estimated the fair value of this achievement based on the discounted cash flow method and projections of earnings as estimated by Management.</font></li>






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


















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<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div>


















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<td style="height: 10px; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times; font-size: 12pt; font-weight: bold; float: none; line-height: inherit; display: inline !important;">Ultrapar Participa&#231;&#245;es S.A. and Subsidiaries</font></td>
<td style="height: 10px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><img src="imgc0dec36d433f45a2aa5c.jpg" style="float: right;" alt="Graphics"></font></td>




















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<b style="mso-bidi-font-weight: normal;">Notes to the interim financial information</b>


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<td style="font-size: 10pt; height: 10px; width: 75%; border-bottom-width: 1.5pt; border-bottom-style: solid; border-bottom-color: #000080 !important;">
<p style="margin: 2pt 0in 0.0001pt; text-align: justify; font-size: 11pt; font-family: 'Times New Roman', 'serif';"><font style="font-family: 'times new roman', times; font-size: 10pt;"><b style="mso-bidi-font-weight: normal;">For the period ended March 31, 2024</b></font><b><font style="font-size: 9.0pt; font-family: 'Arial','sans-serif';"></font></b></p>




















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<p style="margin: 0pt; text-align: left; line-height: 1.2;"><br></p>

















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<div style="background-color: #002060; margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><a style="text-decoration: none; color: #000000; cursor: default; outline: none; pointer-events: none;" href="#TOC" name="BN27_34202414231651" class="customBookmark"><font style="color: #ffffff; font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> 27. Commitments (Consolidated)</font></a></div>
<p style="font-size: 11pt; line-height: 108%; margin: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: justify; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold;">a. Contracts</font></p>
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: justify; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: justify; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Subsidiary Ultracargo Log&#237;stica has agreements with CODEBA, with Complexo Industrial Portu&#225;rio Governador Eraldo Gueiros and with Empresa Maranhense de Administra&#231;&#227;o Portu&#225;ria, in connection with its port facilities in Aratu, Suape and Itaqui, respectively. Such agreements establish a minimum cargo movement, as shown below:</font></p>
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: justify; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<table cellspacing="0" cellpadding="0" style="border-collapse: collapse; margin: 0px auto; font-family: 'times new roman'; font-size: 10pt; height: 88px; width: 100%;" width="100%">

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<td style="padding-right: 2.15pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">Port</font></p>




















</td>
<td style="padding-right: 2.15pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: center; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">Minimum movement </font></p>
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: center; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">per year</font></p>




















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<td style="padding-right: 2.15pt; vertical-align: bottom; height: 10px;">
<p style="line-height: 12pt; margin: 0pt 28.35pt 0pt 22.7pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: center; text-indent: -11.35pt; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">Maturity</font></p>




















</td>


















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<td style="padding-right: 2.15pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 80%;">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Aratu <font style="font-size: 8pt;"><sup>(*)</sup></font></font></p>




















</td>
<td style="padding-right: 2.15pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 10%;">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: center; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt;">900,000 ton.</font></p>




















</td>
<td style="padding-right: 2.15pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 10%;">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: center; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt;">2022</font></p>




















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<td style="padding-right: 2.15pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Suape</font></p>




















</td>
<td style="padding-right: 2.15pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: center; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt;">250,000 ton.</font></p>




















</td>
<td style="padding-right: 2.15pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: center; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt;">2027</font></p>




















</td>


















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<td style="padding-right: 2.15pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Suape</font></p>




















</td>
<td style="padding-right: 2.15pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: center; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt;">400,000 ton.</font></p>




















</td>
<td style="padding-right: 2.15pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: center; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt;">2029</font></p>




















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<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Aratu</font></p>




















</td>
<td style="padding-right: 2.15pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: center; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt;">465,403 ton.</font></p>




















</td>
<td style="padding-right: 2.15pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: center; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt;">2031</font></p>




















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<td style="padding-right: 2.15pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Itaqui</font></p>




















</td>
<td style="padding-right: 2.15pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: center; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt;">1,468,105 m<font style="vertical-align: super; font-size: 8pt;">3</font></font></p>




















</td>
<td style="padding-right: 2.15pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: center; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt;">2049</font></p>




















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<p style="margin: 0px; text-align: justify; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0px; text-align: justify; line-height: 1.2; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">(*) Contract in the process of being renewed with the appropriate body, being judicialized by favorable decision, until the public entity completes the analysis so that the new amendment is signed.&nbsp; In a decision by the Ministry of Infrastructure, the investment plans presented by Ultracargo were preliminarily approved, and the Waterway Transport Regulatory Agency (ANTAQ) approved the technical, economic and environmental feasibility study of this extension project.</font></p>
<p style="margin: 0px; text-align: justify; line-height: 1.2; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: justify; line-height: 1.2; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">If the annual movement is less than the minimum contractual movement, the subsidiary is liable to pay the difference between the effective movement and the minimum contractual movement, based on the port tariff rates in effect on the date established for payment. As of March 31, 2024, these rates were R$ 9.22 and R$ 3.05 per ton for Aratu and Suape, respectively, and R$ 0.98 per m&#179; for Itaqui. According to contractual conditions and tolerances, as of March 31, 2024, there were no material pending issues regarding the minimum limits of the contract. </font></p>
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: justify; line-height: 1.2; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<div style="background-color: #002060; margin: 0px; break-after: avoid; break-inside: avoid; text-align: justify; line-height: 1.2; text-indent: 0px;"><a style="text-decoration: none; color: #000000; cursor: default; outline: none; pointer-events: none;" href="#TOC" name="BN28_34202414233524" class="customBookmark"><font style="color: #ffffff; font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">28. Acquisition of Interest and Control</font></a></div>
<p style="margin: 0px; text-align: justify; line-height: 1.2; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: justify; line-height: 1.2; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">a. Serra Diesel Transportador Revendedor Retalhista Ltda.</font></p>
<p style="margin: 0px; text-align: justify; line-height: 1.2; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0px; text-align: justify; line-height: 1.2; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">On September 1, 2023, through the subsidiary Ultrapar Empreendimentos Ltda. the Company acquired 60% of the voting share capital of Serra Diesel Transportador Revendedor Retalhista Ltda. (&#8220;Serra Diesel&#8221;), qualifying the transaction as a business combination as defined in IFRS 3 (CPC 15 (R1)) &#8211; Business Combinations. The acquisition complements Ultrapar's operations in the mobility and liquid fuel distribution segment.</font></p>
<p style="margin: 0px; text-align: justify; line-height: 1.2; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0px; text-align: justify; line-height: 1.2; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Serra Diesel was established in 2006 and its main activity is the fuel trade carried out by a wholesale carrier-reseller-retailer, with presence in the southern region of Brazil.</font></p>
<p style="margin: 0px; text-align: justify; line-height: 1.2; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0px; text-align: justify; line-height: 1.2; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">The initial payment, including the capital contribution in the amount of R$ 16,193, totaled R$ 21,193. The remaining transaction amount of R$ 5,189 was recorded under &#8220;Other payables&#8221; and will be paid after the contractual clauses have been fulfilled. The Company, based on applicable accounting standards and supported by an independent appraisal firm, is determining the statement of financial position as at the acquisition date, the fair value of assets and liabilities and, consequently, goodwill. The provisional goodwill determined is R$ 14,217. The purchase price allocation (&#8220;PPA&#8221;) will be completed in 2024.</font></p>















</div>














</div>














</div>
<div>
<p style="margin: 0px; text-align: justify; line-height: 1.2; text-indent: 0px;"><br></p>
<div>
<table style="width: 100%; font-family: 'times new roman'; font-size: 10pt;">

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


















</tr>





































</table>
<hr class="horizontalLineRemoved" style="border-bottom-color: #000000; border-top-color: #000000; color: #000000; background-color: #000000;"></hr>
<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div>


















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

<tr style="height: 10px;">
<td style="height: 10px; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times; font-size: 12pt; font-weight: bold; float: none; line-height: inherit; display: inline !important;">Ultrapar Participa&#231;&#245;es S.A. and Subsidiaries</font></td>
<td style="height: 10px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><img src="imgc0dec36d433f45a2aa5c.jpg" style="float: right;" alt="Graphics"></font></td>




















</tr>
<tr style="height: 10px;">
<td style="height: 10px;">
<p style="margin: 2pt 0in 0in; text-align: justify; font-size: 11pt; font-family: 'Times New Roman', serif;"><font style="font-family: 'times new roman', times; font-size: 10pt;">
















<b style="mso-bidi-font-weight: normal;">Notes to the interim financial information</b>


</font></p>




















</td>
<td style="height: 10px;"><br></td>




















</tr>
<tr style="height: 10px;">
<td style="font-size: 10pt; height: 10px; width: 75%; border-bottom-width: 1.5pt; border-bottom-style: solid; border-bottom-color: #000080 !important;">
<p style="margin: 2pt 0in 0.0001pt; text-align: justify; font-size: 11pt; font-family: 'Times New Roman', 'serif';"><font style="font-family: 'times new roman', times; font-size: 10pt;"><b style="mso-bidi-font-weight: normal;">For the period ended March 31, 2024</b></font><b><font style="font-size: 9.0pt; font-family: 'Arial','sans-serif';"></font></b></p>




















</td>
<td style="height: 10px; border-bottom-width: 1.5pt; border-bottom-style: solid; border-bottom-color: #000080 !important;"><br></td>




















</tr>









































</table>
<p style="margin: 0pt; text-align: left; line-height: 1.2;"><br></p>
<p style="margin: 0px; text-align: justify; line-height: 1.2; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">The table below summarizes the provisional balances of assets acquired and liabilities assumed on the acquisition date recognized at fair value, subject to adjustment for purchase price allocation and goodwill determination:</font></p>
<p style="margin: 0px; text-align: justify; line-height: 1.2; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<table cellspacing="0" cellpadding="0" style="border-collapse: collapse; margin: 0px; font-family: 'times new roman'; font-size: 10pt; text-indent: 0px; height: 341px; width: 100%;" width="100%">

<tr style="height: 17px;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; text-decoration: underline;">Assets</font></p>




















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>




















</td>

















</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 17px; background-color: #cceeff; width: 90%;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Cash and cash equivalents</font></p>




















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 17px; background-color: #cceeff; width: 10%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">1,719</font></p>




















</td>

















</tr>
<tr style="height: 17px;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Trade receivables</font></p>




















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">28,475</font></p>




















</td>

















</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Inventories</font></p>




















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">9,128</font></p>




















</td>

















</tr>
<tr style="height: 17px;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Recoverable taxes</font></p>




















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">2,551</font></p>




















</td>

















</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Other receivables</font></p>




















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 17px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;55</font></p>




















</td>

















</tr>
<tr style="height: 17px;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Other investments</font></p>




















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">298</font></p>




















</td>

















</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Right-of-use assets, net</font></p>




















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">25,500</font></p>




















</td>

















</tr>
<tr style="height: 17px;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Property, plant and equipment, net</font></p>




















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">21,235</font></p>




















</td>

















</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Intangible assets, net</font></p>




















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">11,619</font></p>




















</td>

















</tr>
<tr style="height: 17px;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; text-decoration: underline;">Liabilities</font></p>




















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>




















</td>

















</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Loans and financing</font></p>




















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">17,337</font></p>




















</td>

















</tr>
<tr style="height: 17px;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Trade payables</font></p>




















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">26,965</font></p>




















</td>

















</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Salaries and related charges</font></p>




















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">1,933</font></p>




















</td>

















</tr>
<tr style="height: 17px;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Taxes payable, income and social contribution taxes payable</font></p>




















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">376</font></p>




















</td>

















</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Leases payable</font></p>




















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">25,500</font></p>




















</td>

















</tr>
<tr style="height: 17px;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Other payables</font></p>




















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">8,194</font></p>




















</td>

















</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Goodwill based on expected future profitability</font></p>




















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">13,843</font></p>




















</td>

















</tr>
<tr style="height: 17px;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Non-controlling interests</font></p>




















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">8,110</font></p>




















</td>

















</tr>
<tr style="height: 18px; background-color: #cceeff;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 18px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">Assets and liabilities consolidated in the opening balance</font></p>




















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 18px; background-color: #cceeff; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">26,008</font></p>




















</td>

















</tr>






































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

<tr style="height: 1pt; background-color: #cceeff;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; background-color: #cceeff; width: 90%;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Assets acquired</font></p>




















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; background-color: #cceeff; width: 10%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">60,348</font></p>




















</td>




















</tr>
<tr style="height: 1pt;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Liabilities assumed</font></p>




















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(48,183)</font></p>




















</td>




















</tr>
<tr style="height: 1pt; background-color: #cceeff;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Goodwill based on expected future profitability</font></p>




















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">13,843</font></p>




















</td>




















</tr>
<tr style="height: 1pt;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>




















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>




















</td>




















</tr>
<tr style="height: 1pt; background-color: #cceeff;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">Acquisition value</font></p>




















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; background-color: #cceeff; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">26,008</font></p>




















</td>




















</tr>









































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

<tr style="height: 1pt; background-color: #cceeff;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; background-color: #cceeff; width: 90%;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Comprised by</font></p>




















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; background-color: #cceeff; width: 10%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">&nbsp;</font></p>




















</td>




















</tr>
<tr style="height: 1pt;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;"> Cash</font></p>




















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">5,000</font></p>




















</td>




















</tr>
<tr style="height: 1pt; background-color: #cceeff;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;"> Acquisition of ownership interest via capital contribution (as non-controlling interests)</font></p>




















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">16,193</font></p>




















</td>




















</tr>
<tr style="height: 1pt;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;"> Contingent consideration to be settled</font></p>




















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">4,815</font></p>




















</td>




















</tr>
<tr style="height: 1pt; background-color: #cceeff;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">Total consideration</font></p>




















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; background-color: #cceeff; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">26,008</font></p>




















</td>




















</tr>









































</table>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 11pt;">&nbsp;</font></p>
<table cellspacing="0" cellpadding="0" style="border-collapse: collapse; margin-left: 0pt; font-family: 'times new roman'; font-size: 10pt; height: 69px; width: 100%;" width="100%">

<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 17px; background-color: #cceeff; width: 90%;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Net cash outflow resulting from acquisition </font></p>




















</td>
<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 17px; background-color: #cceeff; width: 10%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>




















</td>




















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<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;"> Initial consideration in cash</font></p>




















</td>
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<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">5,000</font></p>




















</td>




















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<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;"> Cash and cash equivalents acquired</font></p>




















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<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(1,719)</font></p>




















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<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 18px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">Total </font></p>




















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<td style="padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; height: 18px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">3,281</font></p>




















</td>




















</tr>









































</table>
<p style="margin: 0pt; text-align: justify; line-height: 1.2;"><font style="font-family: 'times new roman', times; font-size: 11pt; line-height: inherit;">&nbsp;</font><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify; line-height: 1.2;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">For further details on right-of-use assets and leases payable, property, plant and equipment and intangible assets acquired, see notes 12, 13 and 14, respectively.</font></p>














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<td style="height: 10px; vertical-align: bottom;" valign="bottom"><font style="font-family: 'times new roman', times; font-size: 12pt; font-weight: bold; float: none; line-height: inherit; display: inline !important;">Ultrapar Participa&#231;&#245;es S.A. and Subsidiaries</font></td>
<td style="height: 10px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><img src="imgc0dec36d433f45a2aa5c.jpg" style="float: right;" alt="Graphics"></font></td>




















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<b style="mso-bidi-font-weight: normal;">Notes to the interim financial information</b>


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<p style="margin: 2pt 0in 0.0001pt; text-align: justify; font-size: 11pt; font-family: 'Times New Roman', 'serif';"><font style="font-family: 'times new roman', times; font-size: 10pt;"><b style="mso-bidi-font-weight: normal;">For the period ended March 31, 2024</b></font><b><font style="font-size: 9.0pt; font-family: 'Arial','sans-serif';"></font></b></p>




















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<p style="margin: 0pt; text-align: left; line-height: 1.2;"><br></p>
<div style="background-color: #002060; margin: 0pt; break-after: avoid; break-before: page; break-inside: avoid; text-align: justify; line-height: 1.2;"><a style="text-decoration: none; color: #000000; cursor: default; outline: none; pointer-events: none;" href="#TOC" name="BN29_342024142349864" class="customBookmark"><font style="color: #ffffff; font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">29. Events after the reporting period </font></a></div>
<p style="margin: 0px; text-align: justify; text-indent: 0px; line-height: 1.2;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-indent: 0px; line-height: 1.2;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">a. Settlement of trade receivables from sale of subsidiaries - Oxiteno.</font></p>
<p style="margin: 0px; text-align: justify; text-indent: 0px; line-height: 1.2;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0px; text-align: justify; text-indent: 0px; line-height: 1.2;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">On April 1, 2024, the Company received USD 150,000 (equivalent to R$ 755,113 on the transaction date) from Oxiteno S.A. Ind&#250;stria e Com&#233;rcio (&#8220;Oxiteno&#8221;), referring to the final installment from the sale of subsidiary Oxiteno to Indorama.</font></p>
<p style="margin: 0px; text-align: justify; text-indent: 0px; line-height: 1.2;"><br></p>
<p style="margin: 0px; text-indent: 0px; line-height: 1.2;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; break-after: avoid; break-inside: avoid;">b. Acquisition of relevant equity participation in Hidrovias</font></p>
<p style="margin:0pt"><br></p>
<p style="margin: 0px; text-align: justify; font-size: 11pt; font-family: 'Times New Roman', serif; text-indent: 0px; line-height: 1.2;"><font lang="EN-US" style="font-family: 'times new roman', times; font-size: 10pt;">On May 7, 2024, Ultrapar
Participa&#231;&#245;es S.A., in compliance with CVM Resolution 44/21 and in addition to
the material notice disclosed on March 24, 2024, have informed the conclusion
of the acquisition of 128.369.488 shares of Hidrovias do Brasil S.A.
(&#8220;Hidrovias&#8221;), which represent 16.88% of its share capital. In addition,
Ultrapar&nbsp;have informed that it owns shares that represent 19.09% of
Hidrovias&#8217; share capital, amounting to an ownership position of 35.97%.</font></p>
<p style="margin: 0px; text-align: justify; font-size: 11pt; font-family: 'Times New Roman', serif; text-indent: 0px; line-height: 1.2;"><font lang="EN-US" style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p align="left" style="text-align: left; break-after: avoid; margin: 2pt 0cm 0cm; font-size: 11pt; font-family: 'Times New Roman', serif;"><b style="mso-bidi-font-weight: normal;"><i style="mso-bidi-font-style: normal;"><font lang="EN-US" style="font-family: Arial, sans-serif; margin: 0px; text-indent: 0px; line-height: 1.2;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; break-after: avoid; break-inside: avoid;">c.
Amendment and issuing of foreign loans</font></font></i></b></p>
<p style="margin: 2pt 0cm 0cm; text-align: justify; font-size: 11pt; font-family: 'Times New Roman', serif;"><b style="mso-bidi-font-weight: normal;"><i style="mso-bidi-font-style: normal;"><font lang="EN-US" style="mso-bidi-font-size: 13.0pt; font-family: 'Arial',sans-serif; mso-fareast-font-family: 'Times New Roman'; mso-fareast-theme-font: major-fareast; mso-no-proof: no;">&nbsp;</font></i></b></p>
<p style="margin: 0cm; text-align: justify; font-size: 11pt; font-family: 'Times New Roman', serif; text-indent: 0px; line-height: 1.2;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font lang="EN-US">On April 1, 2024, the subsidiary Ipiranga realized the
amendment of the CCB Trade Related loan, maturing on April 2025 (without
financial covenants) on the amount of R$ 500,000. In this way, the financial
charges of loans became 108.37% CDI and maturing on April 2, 2026, which is
expected renegotiation of the rate on April 2, 2025.</font><font lang="EN-US"></font></font></p>
<p style="margin: 0cm; text-align: justify; font-size: 11pt; font-family: 'Times New Roman', serif; text-indent: 0px; line-height: 1.2;"><font lang="EN-US" style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0cm; text-align: justify; font-size: 11pt; font-family: 'Times New Roman', serif;"><font lang="EN-US" style="font-family: Arial, sans-serif; margin: 0cm; text-align: justify; text-indent: 0px; line-height: 1.2;"><font style="font-family: 'times new roman', times; font-size: 10pt;">On April 25, 2024, the subsidiary Ultracargo Log&#237;stica realized
the issuing of foreign loan (without financial covenants) on the amount of JPY
7,774,436 (equivalent to R$ 258,500 on transaction moment), with financial
charges of 1.4350% p.a. and maturing on October 29, 2024. The subsidiary entered
into hedging instruments against foreign exchange and interest rate variations
on Japanese yen, changing financial charges to 108.10% of DI.</font></font></p>














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













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</div><div style="font-family: 'times new roman', times; font-size: 10pt; margin: 0px; text-indent: 0px;"><a style="text-decoration: none; color: #000000; cursor: default; outline: none; pointer-events: none;" href="#TOC" name="Bj111_4420241875219" class="customBookmark"><font style="font-size: 7pt; color: #ffffff;">1Q24 Earning release</font></a>
<p style="font-size: 9.5pt; line-height: 1.2; margin: 0pt; text-align: justify;"><img src="imgc2d56a1b859e422c9817.jpg" alt="Graphics"></p>
<p style="font-size: 9.5pt; line-height: 1.2; margin: 0pt; text-align: justify;"><br></p>
<p style="font-size: 9.5pt; line-height: 1.2; margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; line-height: inherit; font-size: 10pt;"><font style="color: #051373; font-weight: bold; line-height: inherit;">S&#227;o Paulo, </font><font style="color: #051373; font-weight: bold; line-height: inherit;">M</font><font style="color: #051373; font-weight: bold; line-height: inherit;">a</font><font style="color: #051373; font-weight: bold; line-height: inherit;">y 8</font><font style="color: #051373; font-weight: bold; line-height: inherit;">,</font><font style="color: #051373; font-weight: bold; line-height: inherit;"> 2024</font> <font style="color: #05289b; line-height: inherit;">&#8211;</font> <font style="color: #051373; font-weight: bold; line-height: inherit;">Ultrapar</font> <font style="color: #051373; font-weight: bold; line-height: inherit;">Participa&#231;&#245;es</font><font style="color: #051373; font-weight: bold; line-height: inherit;"> S.A</font><font style="color: #051373; font-weight: bold; line-height: inherit;">.</font> <font style="line-height: inherit;">(</font><font style="line-height: inherit;">&#8220;Company&#8221; or &#8220;</font><font style="line-height: inherit;">Ultrapar</font><font style="line-height: inherit;">&#8221;, </font><font style="line-height: inherit;">B3: UGPA3 / NYSE: UGP</font><font style="line-height: inherit;">)</font><font style="line-height: inherit;">, </font><font style="line-height: inherit;">a company engaged in energy, mobility and logistics infrastructure through </font><font style="line-height: inherit;">Ultragaz</font><font style="line-height: inherit;">, </font><font style="line-height: inherit;">Ipiranga</font><font style="line-height: inherit;"> and </font><font style="line-height: inherit;">Ultracargo</font><font style="line-height: inherit;">, today announces its results for the first quarter of 2024.</font></font></p>
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<p style="margin: 0pt; text-align: center;"><font style="color: #ffffff; font-family: 'times new roman', times; font-size: 11pt; font-weight: bold; line-height: inherit;">Net revenues</font></p>











      </td>
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<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; line-height: inherit;"><font style="color: #ffffff; font-size: 11pt; font-weight: bold; line-height: inherit;">Adjusted </font><font style="color: #ffffff; font-size: 11pt; font-weight: bold; line-height: inherit;">EBITDA</font></font></p>











      </td>
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<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; line-height: inherit;"><font style="color: #ffffff; font-size: 11pt; font-weight: bold; line-height: inherit;">Recurring Adjusted </font><font style="color: #ffffff; font-size: 11pt; font-weight: bold; line-height: inherit;">EBITDA&#185;</font></font></p>











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<td style="background-color: rgb(233, 232, 231); padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 175.4pt; height: 29px;border-top-width:1pt; border-top-style: solid; border-top-color:rgb(0, 0, 0) !important;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; line-height: inherit;"><font style="font-size: 14pt; font-weight: bold; line-height: inherit;">R$ </font><font style="font-size: 14pt; font-weight: bold; line-height: inherit;">30</font></font></p>
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; line-height: inherit;"><font style="font-size: 14pt; font-weight: bold; line-height: inherit;">bil</font><font style="font-size: 14pt; font-weight: bold; line-height: inherit;">lion</font></font></p>











      </td>
<td style="background-color: rgb(233, 232, 231); padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 175.4pt; height: 29px;border-top-width:1pt; border-top-style: solid; border-top-color:rgb(0, 0, 0) !important;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; line-height: inherit;"><font style="font-size: 14pt; font-weight: bold; line-height: inherit;">R$ </font><font style="font-size: 14pt; font-weight: bold; line-height: inherit;">1</font><font style="font-size: 14pt; font-weight: bold; line-height: inherit;">.</font><font style="font-size: 14pt; font-weight: bold; line-height: inherit;">4</font></font></p>
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; line-height: inherit;"><font style="font-size: 14pt; font-weight: bold; line-height: inherit;">bil</font><font style="font-size: 14pt; font-weight: bold; line-height: inherit;">lion</font></font></p>











      </td>
<td style="background-color: rgb(233, 232, 231); padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 175.4pt; height: 29px;border-top-width:1pt; border-top-style: solid; border-top-color:rgb(0, 0, 0) !important;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; line-height: inherit;"><font style="font-size: 14pt; font-weight: bold; line-height: inherit;">R$ </font><font style="font-size: 14pt; font-weight: bold; line-height: inherit;">1</font><font style="font-size: 14pt; font-weight: bold; line-height: inherit;">.</font><font style="font-size: 14pt; font-weight: bold; line-height: inherit;">3</font></font><br><font style="font-family: 'times new roman', times; line-height: inherit;"><font style="font-size: 14pt; font-weight: bold; line-height: inherit;">bil</font><font style="font-size: 14pt; font-weight: bold; line-height: inherit;">lion</font></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: 41px; width: 100%;" width="100%">

<tr style="height: 10px;">
<td style="background-color: rgb(5, 19, 115); padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 175.4pt; height: 10px;border-bottom-width:1pt; border-bottom-style: solid; border-bottom-color:rgb(0, 0, 0) !important;">
<p style="margin: 0pt; text-align: center;"><font style="color: #ffffff; font-family: 'times new roman', times; font-size: 11pt; font-weight: bold; line-height: inherit;">Net income</font></p>











      </td>
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<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; line-height: inherit;"><font style="color: #ffffff; font-size: 11pt; font-weight: bold; line-height: inherit;">C</font><font style="color: #ffffff; font-size: 11pt; font-weight: bold; line-height: inherit;">ash consumption from operations</font></font></p>











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<p style="margin: 0pt; text-align: center;"><font style="color: #ffffff; font-family: 'times new roman', times; font-size: 11pt; font-weight: bold; line-height: inherit;">Investments</font></p>











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<td style="background-color: rgb(233, 232, 231); padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 175.4pt; height: 31px;border-top-width:1pt; border-top-style: solid; border-top-color:rgb(0, 0, 0) !important;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; line-height: inherit;"><font style="font-size: 14pt; font-weight: bold; line-height: inherit;">R$ </font><font style="font-size: 14pt; font-weight: bold; line-height: inherit;">455</font></font><br><font style="font-family: 'times new roman', times; line-height: inherit;"><font style="font-size: 14pt; font-weight: bold; line-height: inherit;">m</font><font style="font-size: 14pt; font-weight: bold; line-height: inherit;">il</font><font style="font-size: 14pt; font-weight: bold; line-height: inherit;">lion</font></font></p>











      </td>
<td style="background-color: rgb(233, 232, 231); padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 175.4pt; height: 31px;border-top-width:1pt; border-top-style: solid; border-top-color:rgb(0, 0, 0) !important;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; line-height: inherit;"><font style="font-size: 14pt; font-weight: bold; line-height: inherit;">R$ </font><font style="font-size: 14pt; font-weight: bold; line-height: inherit;">573</font></font><br><font style="font-family: 'times new roman', times; line-height: inherit;"><font style="font-size: 14pt; font-weight: bold; line-height: inherit;">m</font><font style="font-size: 14pt; font-weight: bold; line-height: inherit;">il</font><font style="font-size: 14pt; font-weight: bold; line-height: inherit;">lion</font></font></p>











      </td>
<td style="background-color: rgb(233, 232, 231); padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 175.4pt; height: 31px;border-top-width:1pt; border-top-style: solid; border-top-color:rgb(0, 0, 0) !important;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; line-height: inherit;"><font style="font-size: 14pt; font-weight: bold; line-height: inherit;">R$ </font><font style="font-size: 14pt; font-weight: bold; line-height: inherit;">438</font></font><br><font style="font-family: 'times new roman', times; line-height: inherit;"><font style="font-size: 14pt; font-weight: bold; line-height: inherit;">mil</font><font style="font-size: 14pt; font-weight: bold; line-height: inherit;">lion</font></font></p>











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<p style="margin: 0pt; text-align: justify; line-height: 1.2;"><font style="font-family: 'times new roman', times; font-size: 9.5pt; line-height: inherit;">&nbsp;</font></p>
<p style="font-size: 7pt; line-height: 1.2; margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; line-height: inherit;"><font style="color: #051273; font-size: 7pt; line-height: inherit;">&#185; </font><font style="font-size: 7pt; line-height: inherit;">Accounting adjustments and non-recurring items described in the EBITDA calculation table &#8211; page 2</font></font></p>
<p style="margin: 0pt; text-align: justify; line-height: 1.2;"><br></p>
<p style="margin: 0pt; text-align: justify; line-height: 1.2;"><font style="color: #0090ff; font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">Highlights</font></p>
<ul>
<li style="font-family: Symbol; font-size: 10pt; margin: 0pt 0pt 10pt 9.14pt; padding-left: 8.86pt; text-align: justify; text-indent: 0pt;"><font style="font-family: 'times new roman', times; line-height: inherit; font-size: 10pt;"><font style="font-style: italic; font-weight: bold; line-height: inherit;">Continuity of</font> <font style="font-style: italic; font-weight: bold; line-height: inherit;">great</font><font style="font-style: italic; font-weight: bold; line-height: inherit;"> operating results </font><font style="font-style: italic; line-height: inherit;">of all main businesses of </font><font style="font-style: italic; line-height: inherit;">Ultrapar</font><font style="font-style: italic; line-height: inherit;">.</font> </font></li>
<li style="font-family: Symbol; font-size: 10pt; margin: 0pt 0pt 10pt 9.14pt; padding-left: 8.86pt; text-align: justify; text-indent: 0pt;"><font style="font-family: 'times new roman', times; line-height: inherit; font-size: 10pt;"><font style="font-style: italic; font-weight: bold; line-height: inherit;">Conclusion of the acquisition of relevant ownership position in </font><font style="font-style: italic; font-weight: bold; line-height: inherit;">Hidrovias&nbsp;of 17%</font><font style="font-style: italic; font-weight: bold; line-height: inherit;">,</font><font style="font-style: italic; font-weight: bold; line-height: inherit;"> totaling approximately </font><font style="background-color: #ffffff;"><font style="font-style: italic; font-weight: bold; line-height: inherit;">36</font><font style="font-style: italic; font-weight: bold; line-height: inherit;">%</font></font><font style="font-style: italic; font-weight: bold; line-height: inherit;">&nbsp;of its share capital. </font><font style="font-style: italic; line-height: inherit;">The acquisition is </font><font style="font-style: italic; line-height: inherit;">aligned</font><font style="font-style: italic; line-height: inherit;"> with </font><font style="font-style: italic; line-height: inherit;">Ultrapar's</font><font style="font-style: italic; line-height: inherit;"> strategy of expanding its presence in sectors exposed to Brazilian agribusiness, mainly in the Midwest and North regions, investing in companies in which it can contribute </font><font style="font-style: italic; line-height: inherit;">with </font><font style="font-style: italic; line-height: inherit;">strategic, operational, administrative and financial knowledge.</font></font></li>
<li style="font-family: Symbol; font-size: 10pt; margin: 0pt 0pt 10pt 9.14pt; padding-left: 8.86pt; text-align: justify; text-indent: 0pt;"><font style="font-family: 'times new roman', times; line-height: inherit; font-size: 10pt;"><font style="font-style: italic; font-weight: bold; line-height: inherit;">Unification of</font><font style="font-style: italic; font-weight: bold; line-height: inherit;"> KM de </font><font style="font-style: italic; font-weight: bold; line-height: inherit;">Vantagens</font> <font style="font-style: italic; font-weight: bold; line-height: inherit;">loyalty program</font><font style="font-style: italic; font-weight: bold; line-height: inherit;">&nbsp;with&nbsp;</font><font style="font-style: italic; font-weight: bold; line-height: inherit;">abastece</font> <font style="font-style: italic; font-weight: bold; line-height: inherit;">a&#237;</font><font style="font-style: italic; font-weight: bold; line-height: inherit;">,</font><font style="font-style: italic; font-weight: bold; line-height: inherit;"> as KMV</font><font style="font-style: italic; line-height: inherit;">, with </font><font style="font-style: italic; line-height: inherit;">the </font><font style="font-style: italic; line-height: inherit;">consolidation of the earnings report within </font><font style="font-style: italic; line-height: inherit;">Ipiranga</font><font style="font-style: italic; line-height: inherit;">.</font></font></li>
<li style="font-family: Symbol; font-size: 10pt; margin: 0pt 0pt 10pt 9.14pt; padding-left: 8.86pt; text-align: justify; text-indent: 0pt;"><font style="font-family: 'times new roman', times; line-height: inherit; font-size: 10pt;"><font style="font-style: italic; font-weight: bold; line-height: inherit;">Release</font><font style="font-style: italic; font-weight: bold; line-height: inherit;"> of the 2023 Sustainability Report </font><font style="font-style: italic; line-height: inherit;">in March, with the </font><font style="font-style: italic; line-height: inherit;">disclosur</font><font style="font-style: italic; line-height: inherit;">e </font><font style="font-style: italic; line-height: inherit;">of ESG indicators and initiatives in the environmental, social and governance areas.</font></font></li>
<li style="font-family: Symbol; font-size: 10pt; margin: 0pt 0pt 10pt 9.14pt; padding-left: 8.86pt; text-align: justify; text-indent: 0pt;"><font style="font-family: 'times new roman', times; line-height: inherit; font-size: 10pt;"><font style="font-style: italic; font-weight: bold; line-height: inherit;">Receipt of the last installment from the sale of </font><font style="font-style: italic; font-weight: bold; line-height: inherit;">Oxiteno</font><font style="font-style: italic; line-height: inherit;">,</font> <font style="font-style: italic; line-height: inherit;">in the amount of US$ 150 million (R$ 75</font><font style="font-style: italic; line-height: inherit;">5</font><font style="font-style: italic; line-height: inherit;"> million), on April 1 by </font><font style="font-style: italic; line-height: inherit;">Ultrapar</font><font style="font-style: italic; line-height: inherit;">.</font> </font></li>











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<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 class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div>










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<p style="line-height: 90%; font-size: 10pt; font-family: Calibri, sans-serif;"><font style="font-size: 18.0pt; line-height: 90%; font-family: 'Century Gothic',sans-serif; mso-fareast-font-family: 'Century Gothic'; mso-bidi-font-family: 'Century Gothic'; color: #051473; mso-font-kerning: 12.0pt;"><font style="font-family: 'times new roman', times;">1<sup>ST</sup> QUARTER OF 2024</font><font style="mso-ligatures: none;"></font></font></p>














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<p style="line-height: 14pt; margin: 0px; text-align: justify; text-indent: 0px;"><font style="color: #0090ff; font-family: 'times new roman', times; font-size: 12pt; font-weight: bold; line-height: inherit;">Considerations on the financial and operational information</font></p>











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<p style="font-size: 10pt; line-height: 1.2; margin: 6pt 0pt; text-align: justify;"><br></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 6pt 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; line-height: inherit; font-size: 10pt;"><font style="line-height: inherit;">The financial information presented on this document were extracted from the individual and consolidated interim financial information ("Quarterly Information") for the three months period ended on </font><font style="line-height: inherit;">March</font><font style="line-height: inherit;"> 3</font><font style="line-height: inherit;">1</font><font style="line-height: inherit;">, 202</font><font style="line-height: inherit;">4</font><font style="line-height: inherit;">, and prepared in accordance with the pronouncement CPC 21 (R1) - Interim Financial Reporting and the International Accounting Standard IAS 34 issued by the International Accounting Standards Board ("IASB"), and presented in accordance with the applicable rules for Quarterly Information, issued by the Brazilian Securities and Exchange Commission (&#8220;CVM&#8221;). The information on </font><font style="line-height: inherit;">Ultragaz</font><font style="line-height: inherit;">, </font><font style="line-height: inherit;">Ultracargo</font><font style="line-height: inherit;"> and </font><font style="line-height: inherit;">Ipiranga</font><font style="line-height: inherit;"> are presented without the elimination of intersegment transactions. Therefore, the sum of such information may not correspond to </font><font style="line-height: inherit;">Ultrapar&#8217;s</font><font style="line-height: inherit;"> consolidated information. Additionally, the financial and operational information is subject</font><font style="line-height: inherit;">ed</font><font style="line-height: inherit;"> to rounding and, consequently, the total amounts presented in the tables and charts may differ from the direct numerical sum of the amounts that precede them. </font></font></p>
<p style="font-size: 10pt; line-height: 1.2; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Information denominated EBITDA (Earnings Before Interests, Taxes on Income and Social Contribution on Net Income, Depreciation and Amortization); Adjusted EBITDA &#8211; adjusted by the amortization of contractual assets with customers &#8211; exclusive rights; Recurring Adjusted EBITDA &#8211; adjusted by non-recurring items; and EBIT (Earnings Before Interest and Taxes on Income and Social Contribution on Net Income) are presented in accordance to Resolution 156, issued by the CVM on June 23, 2022. The calculation of EBITDA based on net income is shown below:</font></p>
<p style="font-size: 10pt; line-height: 1.2; text-align: justify;;margin:0pt"><br></p>
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<td rowspan="2" height="49" style="height: 41px; padding: 0px; color: #ffffff; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: none; background: #051373; white-space: normal;"><font style="font-family: 'times new roman', times; font-size: 10pt;">In million of Reais</font></td>
<td colspan="5" style="padding: 0px; color: #ffffff; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: none; background: #051373; height: 20px; white-space: normal; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;</font>Quarter<font style="mso-spacerun: yes;">&nbsp;</font></font></td>










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<td height="28" style="height: 21px; padding: 0px; color: #ffffff; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: none; background: #008fff; white-space: normal; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;</font>1Q24<font style="mso-spacerun: yes;">&nbsp;</font></font></td>
<td style="padding: 0px; color: #ffffff; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: none; background: #008fff; height: 21px; white-space: normal; text-align: center;"><br></td>
<td style="padding: 0px; color: #ffffff; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: none; background: #008fff; height: 21px; white-space: normal; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;</font>1Q23<font style="mso-spacerun: yes;">&nbsp;</font></font></td>
<td style="padding: 0px; color: #ffffff; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: none; background: #008fff; height: 21px; white-space: normal; text-align: center;"><br></td>
<td style="padding: 0px; color: #ffffff; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: none; background: #008fff; height: 21px; white-space: normal; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;</font>4Q23<font style="mso-spacerun: yes;">&nbsp;</font></font></td>










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<td height="8" style="height: 6px; padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: normal;"></td>
<td style="padding: 0px; color: #000000; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; height: 6px; white-space: normal;"></td>
<td style="padding: 0px; color: #000000; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; height: 6px; white-space: normal;"><br></td>
<td style="padding: 0px; color: #000000; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; height: 6px; white-space: normal;"></td>
<td style="padding: 0px; color: #000000; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; height: 6px; white-space: normal;"><br></td>
<td style="padding: 0px; color: #000000; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; height: 6px; white-space: normal;"></td>










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<td height="17" style="height: 12px; padding: 0px; color: #051373; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; width: 68%; white-space: normal;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Net income</font></td>
<td style="padding: 0px 5px 0px 0px; color: #051373; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; height: 12px; width: 10%; white-space: normal; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>455.4 </font></td>
<td style="padding: 0px 5px 0px 0px; color: #051373; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; height: 12px; width: 1%; white-space: normal; text-align: right;"><br></td>
<td style="padding: 0px 5px 0px 0px; color: #051373; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; height: 12px; width: 10%; white-space: normal; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>273.8 </font></td>
<td style="padding: 0px 5px 0px 0px; color: #051373; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; height: 12px; width: 1%; white-space: normal; text-align: right;"><br></td>
<td style="padding: 0px 5px 0px 0px; color: #051373; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; height: 12px; width: 10%; white-space: normal; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>1,114.0 </font></td>










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<td height="17" style="height: 12px; padding: 0px 0px 0px 18px; color: #000000; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: normal;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(+) Income and social
       contribution taxes</font></td>
<td style="padding: 0px 5px 0px 0px; color: #000000; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; height: 12px; white-space: normal; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>209.1 </font></td>
<td style="padding: 0px 5px 0px 0px; color: #000000; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; height: 12px; white-space: normal; text-align: right;"><br></td>
<td style="padding: 0px 5px 0px 0px; color: #000000; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; height: 12px; white-space: normal; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>92.4 </font></td>
<td style="padding: 0px 5px 0px 0px; color: #000000; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; height: 12px; white-space: normal; text-align: right;"><br></td>
<td style="padding: 0px 5px 0px 0px; color: #000000; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; height: 12px; white-space: normal; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>523.1 </font></td>










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<td height="17" style="height: 12px; padding: 0px 0px 0px 18px; color: #000000; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: normal;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(+) Net financial (income)
       expenses</font></td>
<td style="padding: 0px 5px 0px 0px; color: #000000; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; height: 12px; white-space: normal; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>282.8 </font></td>
<td style="padding: 0px 5px 0px 0px; color: #000000; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; height: 12px; white-space: normal; text-align: right;"><br></td>
<td style="padding: 0px 5px 0px 0px; color: #000000; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; height: 12px; white-space: normal; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>311.6 </font></td>
<td style="padding: 0px 5px 0px 0px; color: #000000; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; height: 12px; white-space: normal; text-align: right;"><br></td>
<td style="padding: 0px 5px 0px 0px; color: #000000; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; height: 12px; white-space: normal; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>170.2 </font></td>










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<td height="17" style="height: 12px; padding: 0px 0px 0px 18px; color: #000000; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: normal;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(+) Depreciation and
       amortization</font></td>
<td style="padding: 0px 5px 0px 0px; color: #000000; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; height: 12px; white-space: normal; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>277.7 </font></td>
<td style="padding: 0px 5px 0px 0px; color: #000000; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; height: 12px; white-space: normal; text-align: right;"><br></td>
<td style="padding: 0px 5px 0px 0px; color: #000000; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; height: 12px; white-space: normal; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>269.1 </font></td>
<td style="padding: 0px 5px 0px 0px; color: #000000; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; height: 12px; white-space: normal; text-align: right;"><br></td>
<td style="padding: 0px 5px 0px 0px; color: #000000; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; height: 12px; white-space: normal; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>318.4 </font></td>










     </tr>
<tr style="height: 6px;">
<td height="8" style="height: 6px; padding: 0px; color: #000000; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: none; white-space: normal;"></td>
<td style="padding: 0px; color: #000000; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: none; height: 6px; white-space: normal;"></td>
<td style="padding: 0px; color: #000000; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: none; height: 6px; white-space: normal;"><br></td>
<td style="padding: 0px; color: #000000; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: none; height: 6px; white-space: normal;"></td>
<td style="padding: 0px; color: #000000; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: none; height: 6px; white-space: normal;"><br></td>
<td style="padding: 0px; color: #000000; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: none; height: 6px; white-space: normal;"></td>










     </tr>
<tr style="height: 18px;">
<td height="24" style="height: 18px; padding: 0px; color: rgb(0, 143, 255); font-size: 10pt; font-weight: bold; text-decoration: none; font-family: &quot;Century Gothic&quot;, sans-serif; vertical-align: middle; border-right: none; border-image: initial; white-space: normal;border-top-width:1pt; border-top-style: solid; border-top-color:rgb(0, 143, 255) !important;border-bottom-width:1pt; border-bottom-style:solid; border-bottom-color:rgb(0, 143, 255) !important;border-left-width:1pt; border-left-style:solid; border-left-color:rgb(0, 143, 255) !important;"><font style="font-family: 'times new roman', times; font-size: 10pt;">EBITDA</font></td>
<td style="padding: 0px 5px 0px 0px; color: rgb(0, 143, 255); font-size: 10pt; font-weight: bold; text-decoration: none; font-family: &quot;Century Gothic&quot;, sans-serif; vertical-align: middle; border-right: none; border-left: none; border-image: initial; height: 18px; white-space: normal; text-align: right;border-top-width:1pt; border-top-style: solid; border-top-color:rgb(0, 143, 255) !important;border-bottom-width:1pt; border-bottom-style:solid; border-bottom-color:rgb(0, 143, 255) !important;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>1,225.0 </font></td>
<td style="padding: 0px 5px 0px 0px; color: rgb(0, 143, 255); font-size: 10pt; font-weight: bold; text-decoration: none; font-family: &quot;Century Gothic&quot;, sans-serif; vertical-align: middle; border-right: none; border-left: none; border-image: initial; height: 18px; white-space: normal; text-align: right;border-top-width:1pt; border-top-style: solid; border-top-color:rgb(0, 143, 255) !important;border-bottom-width:1pt; border-bottom-style:solid; border-bottom-color:rgb(0, 143, 255) !important;"><br></td>
<td style="padding: 0px 5px 0px 0px; color: rgb(0, 143, 255); font-size: 10pt; font-weight: bold; text-decoration: none; font-family: &quot;Century Gothic&quot;, sans-serif; vertical-align: middle; border-right: none; border-left: none; border-image: initial; height: 18px; white-space: normal; text-align: right;border-top-width:1pt; border-top-style: solid; border-top-color:rgb(0, 143, 255) !important;border-bottom-width:1pt; border-bottom-style:solid; border-bottom-color:rgb(0, 143, 255) !important;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>946.9 </font></td>
<td style="padding: 0px 5px 0px 0px; color: rgb(0, 143, 255); font-size: 10pt; font-weight: bold; text-decoration: none; font-family: &quot;Century Gothic&quot;, sans-serif; vertical-align: middle; border-right: none; border-left: none; border-image: initial; height: 18px; white-space: normal; text-align: right;border-top-width:1pt; border-top-style: solid; border-top-color:rgb(0, 143, 255) !important;border-bottom-width:1pt; border-bottom-style:solid; border-bottom-color:rgb(0, 143, 255) !important;"><br></td>
<td style="padding: 0px 5px 0px 0px; color: rgb(0, 143, 255); font-size: 10pt; font-weight: bold; text-decoration: none; font-family: &quot;Century Gothic&quot;, sans-serif; vertical-align: middle; border-left: none; border-image: initial; height: 18px; white-space: normal; text-align: right;border-top-width:1pt; border-top-style: solid; border-top-color:rgb(0, 143, 255) !important;border-bottom-width:1pt; border-bottom-style:solid; border-bottom-color:rgb(0, 143, 255) !important;border-right-width:1pt; border-right-style:solid; border-right-color:rgb(0, 143, 255) !important;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>2,125.7 </font></td>










     </tr>
<tr style="height: 6px;">
<td height="8" style="height: 6px; padding: 0px 0px 0px 18px; color: #000000; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: normal;"></td>
<td style="padding: 0px 5px 0px 0px; color: #000000; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; height: 6px; white-space: normal; text-align: right;"></td>
<td style="padding: 0px 5px 0px 0px; color: #000000; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; height: 6px; white-space: normal; text-align: right;"><br></td>
<td style="padding: 0px 5px 0px 0px; color: #000000; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; height: 6px; white-space: normal; text-align: right;"></td>
<td style="padding: 0px 5px 0px 0px; color: #000000; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; height: 6px; white-space: normal; text-align: right;"><br></td>
<td style="padding: 0px 5px 0px 0px; color: #000000; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; height: 6px; white-space: normal; text-align: right;"></td>










     </tr>
<tr style="height: 12px;">
<td height="17" style="height: 12px; padding: 0px; color: #051373; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: normal;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Accounting adjustment</font></td>
<td style="padding: 0px 5px 0px 0px; color: #051273; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; height: 12px; white-space: normal; text-align: right;"></td>
<td style="padding: 0px 5px 0px 0px; color: #051273; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; height: 12px; white-space: normal; text-align: right;"><br></td>
<td style="padding: 0px 5px 0px 0px; color: #051273; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; height: 12px; white-space: normal; text-align: right;"></td>
<td style="padding: 0px 5px 0px 0px; color: #051273; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; height: 12px; white-space: normal; text-align: right;"><br></td>
<td style="padding: 0px 5px 0px 0px; color: #051273; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; height: 12px; white-space: normal; text-align: right;"></td>










     </tr>
<tr style="height: 13px;">
<td height="18" style="height: 13px; padding: 0px 0px 0px 18px; color: #000000; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: normal;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(+)
       Amortization of contractual assets with customers - exclusive rights</font></td>
<td style="padding: 0px 5px 0px 0px; color: #000000; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: none; height: 13px; white-space: normal; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>132.7 </font></td>
<td style="padding: 0px 5px 0px 0px; color: #000000; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: none; height: 13px; white-space: normal; text-align: right;"><br></td>
<td style="padding: 0px 5px 0px 0px; color: #000000; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: none; height: 13px; white-space: normal; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>132.1 </font></td>
<td style="padding: 0px 5px 0px 0px; color: #000000; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: none; height: 13px; white-space: normal; text-align: right;"><br></td>
<td style="padding: 0px 5px 0px 0px; color: #000000; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: none; height: 13px; white-space: normal; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>161.6 </font></td>










     </tr>
<tr style="height: 6px;">
<td height="8" style="height: 6px; padding: 0px 0px 0px 18px; color: #000000; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: normal;"></td>
<td style="padding: 0px 5px 0px 0px; color: #000000; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; height: 6px; white-space: normal; text-align: right;"></td>
<td style="padding: 0px 5px 0px 0px; color: #000000; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; height: 6px; white-space: normal; text-align: right;"><br></td>
<td style="padding: 0px 5px 0px 0px; color: #000000; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; height: 6px; white-space: normal; text-align: right;"></td>
<td style="padding: 0px 5px 0px 0px; color: #000000; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; height: 6px; white-space: normal; text-align: right;"><br></td>
<td style="padding: 0px 5px 0px 0px; color: #000000; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; height: 6px; white-space: normal; text-align: right;"></td>










     </tr>
<tr style="height: 18px;">
<td height="24" style="height: 18px; padding: 0px; color: rgb(0, 143, 255); font-size: 10pt; font-weight: bold; text-decoration: none; font-family: &quot;Century Gothic&quot;, sans-serif; vertical-align: middle; border-right: none; border-image: initial; white-space: normal;border-top-width:1pt; border-top-style: solid; border-top-color:rgb(0, 143, 255) !important;border-bottom-width:1pt; border-bottom-style:solid; border-bottom-color:rgb(0, 143, 255) !important;border-left-width:1pt; border-left-style:solid; border-left-color:rgb(0, 143, 255) !important;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Adjusted EBITDA</font></td>
<td style="padding: 0px 5px 0px 0px; color: rgb(0, 143, 255); font-size: 10pt; font-weight: bold; text-decoration: none; font-family: &quot;Century Gothic&quot;, sans-serif; vertical-align: middle; border-right: none; border-left: none; border-image: initial; height: 18px; white-space: normal; text-align: right;border-top-width:1pt; border-top-style: solid; border-top-color:rgb(0, 143, 255) !important;border-bottom-width:1pt; border-bottom-style:solid; border-bottom-color:rgb(0, 143, 255) !important;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>1,357.7 </font></td>
<td style="padding: 0px 5px 0px 0px; color: rgb(0, 143, 255); font-size: 10pt; font-weight: bold; text-decoration: none; font-family: &quot;Century Gothic&quot;, sans-serif; vertical-align: middle; border-right: none; border-left: none; border-image: initial; height: 18px; white-space: normal; text-align: right;border-top-width:1pt; border-top-style: solid; border-top-color:rgb(0, 143, 255) !important;border-bottom-width:1pt; border-bottom-style:solid; border-bottom-color:rgb(0, 143, 255) !important;"><br></td>
<td style="padding: 0px 5px 0px 0px; color: rgb(0, 143, 255); font-size: 10pt; font-weight: bold; text-decoration: none; font-family: &quot;Century Gothic&quot;, sans-serif; vertical-align: middle; border-right: none; border-left: none; border-image: initial; height: 18px; white-space: normal; text-align: right;border-top-width:1pt; border-top-style: solid; border-top-color:rgb(0, 143, 255) !important;border-bottom-width:1pt; border-bottom-style:solid; border-bottom-color:rgb(0, 143, 255) !important;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>1,079.1 </font></td>
<td style="padding: 0px 5px 0px 0px; color: rgb(0, 143, 255); font-size: 10pt; font-weight: bold; text-decoration: none; font-family: &quot;Century Gothic&quot;, sans-serif; vertical-align: middle; border-right: none; border-left: none; border-image: initial; height: 18px; white-space: normal; text-align: right;border-top-width:1pt; border-top-style: solid; border-top-color:rgb(0, 143, 255) !important;border-bottom-width:1pt; border-bottom-style:solid; border-bottom-color:rgb(0, 143, 255) !important;"><br></td>
<td style="padding: 0px 5px 0px 0px; color: rgb(0, 143, 255); font-size: 10pt; font-weight: bold; text-decoration: none; font-family: &quot;Century Gothic&quot;, sans-serif; vertical-align: middle; border-left: none; border-image: initial; height: 18px; white-space: normal; text-align: right;border-top-width:1pt; border-top-style: solid; border-top-color:rgb(0, 143, 255) !important;border-bottom-width:1pt; border-bottom-style:solid; border-bottom-color:rgb(0, 143, 255) !important;border-right-width:1pt; border-right-style:solid; border-right-color:rgb(0, 143, 255) !important;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>2,287.3 </font></td>










     </tr>
<tr style="height: 6px;">
<td height="8" style="height: 6px; padding: 0px 0px 0px 18px; color: #000000; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: normal;"></td>
<td style="padding: 0px 5px 0px 0px; color: #000000; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; height: 6px; white-space: normal; text-align: right;"></td>
<td style="padding: 0px 5px 0px 0px; color: #000000; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; height: 6px; white-space: normal; text-align: right;"><br></td>
<td style="padding: 0px 5px 0px 0px; color: #000000; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; height: 6px; white-space: normal; text-align: right;"></td>
<td style="padding: 0px 5px 0px 0px; color: #000000; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; height: 6px; white-space: normal; text-align: right;"><br></td>
<td style="padding: 0px 5px 0px 0px; color: #000000; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; height: 6px; white-space: normal; text-align: right;"></td>










     </tr>
<tr style="height: 13px;">
<td height="18" style="height: 13px; padding: 0px 0px 0px 18px; color: #000000; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: normal;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Ultragaz<font style="mso-spacerun: yes;">&nbsp;</font></font></td>
<td style="padding: 0px 5px 0px 0px; color: #000000; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: none; height: 13px; white-space: normal; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>400.7 </font></td>
<td style="padding: 0px 5px 0px 0px; color: #000000; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: none; height: 13px; white-space: normal; text-align: right;"><br></td>
<td style="padding: 0px 5px 0px 0px; color: #000000; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: none; height: 13px; white-space: normal; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>384.0 </font></td>
<td style="padding: 0px 5px 0px 0px; color: #000000; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: none; height: 13px; white-space: normal; text-align: right;"><br></td>
<td style="padding: 0px 5px 0px 0px; color: #000000; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: none; height: 13px; white-space: normal; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>406.4 </font></td>










     </tr>
<tr style="height: 13px;">
<td height="18" style="height: 13px; padding: 0px 0px 0px 18px; color: #000000; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: normal;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Ultracargo</font></td>
<td style="padding: 0px 5px 0px 0px; color: #000000; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: none; height: 13px; white-space: normal; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>165.2 </font></td>
<td style="padding: 0px 5px 0px 0px; color: #000000; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: none; height: 13px; white-space: normal; text-align: right;"><br></td>
<td style="padding: 0px 5px 0px 0px; color: #000000; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: none; height: 13px; white-space: normal; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>142.4 </font></td>
<td style="padding: 0px 5px 0px 0px; color: #000000; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: none; height: 13px; white-space: normal; text-align: right;"><br></td>
<td style="padding: 0px 5px 0px 0px; color: #000000; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: none; height: 13px; white-space: normal; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>155.1 </font></td>










     </tr>
<tr style="height: 13px;">
<td height="18" style="height: 13px; padding: 0px 0px 0px 18px; color: #000000; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: normal;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Ipiranga</font></td>
<td style="padding: 0px 5px 0px 0px; color: #000000; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: none; height: 13px; white-space: normal; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>819.1 </font></td>
<td style="padding: 0px 5px 0px 0px; color: #000000; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: none; height: 13px; white-space: normal; text-align: right;"><br></td>
<td style="padding: 0px 5px 0px 0px; color: #000000; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: none; height: 13px; white-space: normal; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>583.2 </font></td>
<td style="padding: 0px 5px 0px 0px; color: #000000; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: none; height: 13px; white-space: normal; text-align: right;"><br></td>
<td style="padding: 0px 5px 0px 0px; color: #000000; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: none; height: 13px; white-space: normal; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>1,757.0 </font></td>










     </tr>
<tr style="height: 13px;">
<td height="18" style="height: 13px; padding: 0px 0px 0px 18px; color: #000000; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: normal;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Holding
       and other companies</font></td>
<td style="padding: 0px; color: #000000; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: none; height: 13px; white-space: normal; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(42.9)</font></td>
<td style="padding: 0px; color: #000000; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: none; height: 13px; white-space: normal; text-align: right;"><br></td>
<td style="padding: 0px; color: #000000; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: none; height: 13px; white-space: normal; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(30.5)</font></td>
<td style="padding: 0px; color: #000000; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: none; height: 13px; white-space: normal; text-align: right;"><br></td>
<td style="padding: 0px; color: #000000; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: none; height: 13px; white-space: normal; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(55.3)</font></td>










     </tr>
<tr style="height: 13px;">
<td height="18" style="height: 13px; padding: 0px 0px 0px 18px; color: #000000; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: normal;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Extraordinary
       expenses/provisions and post-closing adjustments from the sales of Oxiteno
       and Extrafarma</font></td>
<td style="padding: 0px 5px 0px 0px; color: #000000; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: none; height: 13px; white-space: normal; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>15.6 </font></td>
<td style="padding: 0px 5px 0px 0px; color: #000000; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: none; height: 13px; white-space: normal; text-align: right;"><br></td>
<td style="padding: 0px 5px 0px 0px; color: #000000; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: none; height: 13px; white-space: normal; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>-<font style="mso-spacerun: yes;">&nbsp;&nbsp; </font></font></td>
<td style="padding: 0px 5px 0px 0px; color: #000000; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: none; height: 13px; white-space: normal; text-align: right;"><br></td>
<td style="padding: 0px 5px 0px 0px; color: #000000; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: none; height: 13px; white-space: normal; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>24.2 </font></td>










     </tr>
<tr style="height: 6px;">
<td height="8" style="height: 6px; padding: 0px; color: #000000; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: normal;"></td>
<td style="padding: 0px 5px 0px 0px; color: #000000; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; height: 6px; white-space: normal; text-align: right;"></td>
<td style="padding: 0px 5px 0px 0px; color: #000000; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; height: 6px; white-space: normal; text-align: right;"><br></td>
<td style="padding: 0px 5px 0px 0px; color: #000000; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; height: 6px; white-space: normal; text-align: right;"></td>
<td style="padding: 0px 5px 0px 0px; color: #000000; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; height: 6px; white-space: normal; text-align: right;"><br></td>
<td style="padding: 0px 5px 0px 0px; color: #000000; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; height: 6px; white-space: normal; text-align: right;"></td>










     </tr>
<tr style="height: 12px;">
<td height="17" style="height: 12px; padding: 0px; color: #051373; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: normal;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Non-recurring items that
       affected EBITDA</font></td>
<td style="padding: 0px 5px 0px 0px; color: #051273; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; height: 12px; white-space: normal; text-align: right;"></td>
<td style="padding: 0px 5px 0px 0px; color: #051273; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; height: 12px; white-space: normal; text-align: right;"><br></td>
<td style="padding: 0px 5px 0px 0px; color: #051273; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; height: 12px; white-space: normal; text-align: right;"></td>
<td style="padding: 0px 5px 0px 0px; color: #051273; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; height: 12px; white-space: normal; text-align: right;"><br></td>
<td style="padding: 0px 5px 0px 0px; color: #051273; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; height: 12px; white-space: normal; text-align: right;"></td>










     </tr>
<tr style="height: 13px;">
<td height="18" style="height: 13px; padding: 0px 0px 0px 18px; color: #000000; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: normal;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(-) Results from disposal of
       assets (Ipiranga)</font></td>
<td style="padding: 0px; color: #000000; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; height: 13px; white-space: normal; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(36.5)</font></td>
<td style="padding: 0px; color: #000000; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; height: 13px; white-space: normal; text-align: right;"><br></td>
<td style="padding: 0px; color: #000000; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; height: 13px; white-space: normal; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(55.9)</font></td>
<td style="padding: 0px; color: #000000; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; height: 13px; white-space: normal; text-align: right;"><br></td>
<td style="padding: 0px; color: #000000; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; height: 13px; white-space: normal; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(14.2)</font></td>










     </tr>
<tr style="height: 13px;">
<td height="18" style="height: 13px; padding: 0px 0px 0px 18px; color: #000000; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: normal;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(-) Extraordinary tax credits
       (Ipiranga)</font></td>
<td style="padding: 0px 5px 0px 0px; color: #000000; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; height: 13px; white-space: normal; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>-<font style="mso-spacerun: yes;">&nbsp;&nbsp; </font></font></td>
<td style="padding: 0px 5px 0px 0px; color: #000000; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; height: 13px; white-space: normal; text-align: right;"><br></td>
<td style="padding: 0px 5px 0px 0px; color: #000000; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; height: 13px; white-space: normal; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>-<font style="mso-spacerun: yes;">&nbsp;&nbsp; </font></font></td>
<td style="padding: 0px 5px 0px 0px; color: #000000; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; height: 13px; white-space: normal; text-align: right;"><br></td>
<td style="padding: 0px; color: #000000; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; height: 13px; white-space: normal; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(563.0)</font></td>










     </tr>
<tr style="height: 13px;">
<td height="18" style="height: 13px; padding: 0px 0px 0px 18px; color: #000000; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: normal;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(-) Extemporaneous tax credits
       (Ipiranga)</font></td>
<td style="padding: 0px 5px 0px 0px; color: #000000; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; height: 13px; white-space: normal; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>-<font style="mso-spacerun: yes;">&nbsp;&nbsp; </font></font></td>
<td style="padding: 0px 5px 0px 0px; color: #000000; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; height: 13px; white-space: normal; text-align: right;"><br></td>
<td style="padding: 0px 5px 0px 0px; color: #000000; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; height: 13px; white-space: normal; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>-<font style="mso-spacerun: yes;">&nbsp;&nbsp; </font></font></td>
<td style="padding: 0px 5px 0px 0px; color: #000000; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; height: 13px; white-space: normal; text-align: right;"><br></td>
<td style="padding: 0px; color: #000000; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; height: 13px; white-space: normal; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(19.5)</font></td>










     </tr>
<tr style="height: 13px;">
<td height="18" style="height: 13px; padding: 0px 0px 0px 18px; color: #000000; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: normal;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(-) Extraordinary
       expenses/provisions and post-closing adjustments from the sales of Oxiteno
       and Extrafarma</font></td>
<td style="padding: 0px; color: #000000; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; height: 13px; white-space: normal; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(15.6)</font></td>
<td style="padding: 0px; color: #000000; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; height: 13px; white-space: normal; text-align: right;"><br></td>
<td style="padding: 0px; color: #000000; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; height: 13px; white-space: normal; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>-<font style="mso-spacerun: yes;">&nbsp;&nbsp; </font></font></td>
<td style="padding: 0px; color: #000000; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; height: 13px; white-space: normal; text-align: right;"><br></td>
<td style="padding: 0px; color: #000000; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; height: 13px; white-space: normal; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(24.2)</font></td>










     </tr>
<tr style="height: 6px;">
<td height="8" style="height: 6px; padding: 0px; color: #000000; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: normal;"></td>
<td style="padding: 0px 5px 0px 0px; color: #000000; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; height: 6px; white-space: normal; text-align: right;"></td>
<td style="padding: 0px 5px 0px 0px; color: #000000; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; height: 6px; white-space: normal; text-align: right;"><br></td>
<td style="padding: 0px 5px 0px 0px; color: #000000; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; height: 6px; white-space: normal; text-align: right;"></td>
<td style="padding: 0px 5px 0px 0px; color: #000000; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; height: 6px; white-space: normal; text-align: right;"><br></td>
<td style="padding: 0px 5px 0px 0px; color: #000000; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; height: 6px; white-space: normal; text-align: right;"></td>










     </tr>
<tr style="height: 18px;">
<td height="24" style="height: 18px; padding: 0px; color: rgb(0, 143, 255); font-size: 10pt; font-weight: bold; text-decoration: none; font-family: &quot;Century Gothic&quot;, sans-serif; vertical-align: middle; border-right: none; border-image: initial; white-space: normal;border-top-width:1pt; border-top-style: solid; border-top-color:rgb(0, 143, 255) !important;border-bottom-width:1pt; border-bottom-style:solid; border-bottom-color:rgb(0, 143, 255) !important;border-left-width:1pt; border-left-style:solid; border-left-color:rgb(0, 143, 255) !important;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Recurring Adjusted EBITDA</font></td>
<td style="padding: 0px 5px 0px 0px; color: rgb(0, 143, 255); font-size: 10pt; font-weight: bold; text-decoration: none; font-family: &quot;Century Gothic&quot;, sans-serif; vertical-align: middle; border-right: none; border-left: none; border-image: initial; height: 18px; white-space: normal; text-align: right;border-top-width:1pt; border-top-style: solid; border-top-color:rgb(0, 143, 255) !important;border-bottom-width:1pt; border-bottom-style:solid; border-bottom-color:rgb(0, 143, 255) !important;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>1,305.6 </font></td>
<td style="padding: 0px 5px 0px 0px; color: rgb(0, 143, 255); font-size: 10pt; font-weight: bold; text-decoration: none; font-family: &quot;Century Gothic&quot;, sans-serif; vertical-align: middle; border-right: none; border-left: none; border-image: initial; height: 18px; white-space: normal; text-align: right;border-top-width:1pt; border-top-style: solid; border-top-color:rgb(0, 143, 255) !important;border-bottom-width:1pt; border-bottom-style:solid; border-bottom-color:rgb(0, 143, 255) !important;"><br></td>
<td style="padding: 0px 5px 0px 0px; color: rgb(0, 143, 255); font-size: 10pt; font-weight: bold; text-decoration: none; font-family: &quot;Century Gothic&quot;, sans-serif; vertical-align: middle; border-right: none; border-left: none; border-image: initial; height: 18px; white-space: normal; text-align: right;border-top-width:1pt; border-top-style: solid; border-top-color:rgb(0, 143, 255) !important;border-bottom-width:1pt; border-bottom-style:solid; border-bottom-color:rgb(0, 143, 255) !important;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>1,023.2 </font></td>
<td style="padding: 0px 5px 0px 0px; color: rgb(0, 143, 255); font-size: 10pt; font-weight: bold; text-decoration: none; font-family: &quot;Century Gothic&quot;, sans-serif; vertical-align: middle; border-right: none; border-left: none; border-image: initial; height: 18px; white-space: normal; text-align: right;border-top-width:1pt; border-top-style: solid; border-top-color:rgb(0, 143, 255) !important;border-bottom-width:1pt; border-bottom-style:solid; border-bottom-color:rgb(0, 143, 255) !important;"><br></td>
<td style="padding: 0px 5px 0px 0px; color: rgb(0, 143, 255); font-size: 10pt; font-weight: bold; text-decoration: none; font-family: &quot;Century Gothic&quot;, sans-serif; vertical-align: middle; border-left: none; border-image: initial; height: 18px; white-space: normal; text-align: right;border-top-width:1pt; border-top-style: solid; border-top-color:rgb(0, 143, 255) !important;border-bottom-width:1pt; border-bottom-style:solid; border-bottom-color:rgb(0, 143, 255) !important;border-right-width:1pt; border-right-style:solid; border-right-color:rgb(0, 143, 255) !important;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>1,666.4 </font></td>










     </tr>
<tr style="height: 6px;">
<td height="8" style="height: 6px; padding: 0px; color: #000000; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: normal;"></td>
<td style="padding: 0px 5px 0px 0px; color: #000000; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; height: 6px; white-space: normal; text-align: right;"></td>
<td style="padding: 0px 5px 0px 0px; color: #000000; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; height: 6px; white-space: normal; text-align: right;"><br></td>
<td style="padding: 0px 5px 0px 0px; color: #000000; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; height: 6px; white-space: normal; text-align: right;"></td>
<td style="padding: 0px 5px 0px 0px; color: #000000; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; height: 6px; white-space: normal; text-align: right;"><br></td>
<td style="padding: 0px 5px 0px 0px; color: #000000; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; height: 6px; white-space: normal; text-align: right;"></td>










     </tr>
<tr style="height: 12px;">
<td height="17" style="height: 12px; padding: 0px 0px 0px 18px; color: #000000; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: normal;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Ultragaz</font></td>
<td style="padding: 0px 5px 0px 0px; color: #000000; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; height: 12px; white-space: normal; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>400.7 </font></td>
<td style="padding: 0px 5px 0px 0px; color: #000000; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; height: 12px; white-space: normal; text-align: right;"><br></td>
<td style="padding: 0px 5px 0px 0px; color: #000000; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; height: 12px; white-space: normal; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>384.0 </font></td>
<td style="padding: 0px 5px 0px 0px; color: #000000; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; height: 12px; white-space: normal; text-align: right;"><br></td>
<td style="padding: 0px 5px 0px 0px; color: #000000; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; height: 12px; white-space: normal; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>406.4 </font></td>










     </tr>
<tr style="height: 12px;">
<td height="17" style="height: 12px; padding: 0px 0px 0px 18px; color: #000000; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: normal;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Ultracargo</font></td>
<td style="padding: 0px 5px 0px 0px; color: #000000; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; height: 12px; white-space: normal; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>165.2 </font></td>
<td style="padding: 0px 5px 0px 0px; color: #000000; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; height: 12px; white-space: normal; text-align: right;"><br></td>
<td style="padding: 0px 5px 0px 0px; color: #000000; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; height: 12px; white-space: normal; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>142.4 </font></td>
<td style="padding: 0px 5px 0px 0px; color: #000000; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; height: 12px; white-space: normal; text-align: right;"><br></td>
<td style="padding: 0px 5px 0px 0px; color: #000000; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; height: 12px; white-space: normal; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>155.1 </font></td>










     </tr>
<tr style="height: 12px;">
<td height="17" style="height: 12px; padding: 0px 0px 0px 18px; color: #000000; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: normal;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Ipiranga</font></td>
<td style="padding: 0px 5px 0px 0px; color: #000000; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; height: 12px; white-space: normal; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>782.7 </font></td>
<td style="padding: 0px 5px 0px 0px; color: #000000; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; height: 12px; white-space: normal; text-align: right;"><br></td>
<td style="padding: 0px 5px 0px 0px; color: #000000; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; height: 12px; white-space: normal; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>527.3 </font></td>
<td style="padding: 0px 5px 0px 0px; color: #000000; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; height: 12px; white-space: normal; text-align: right;"><br></td>
<td style="padding: 0px 5px 0px 0px; color: #000000; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; height: 12px; white-space: normal; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>1,160.2 </font></td>










     </tr>
<tr style="height: 12px;">
<td height="17" style="height: 12px; padding: 0px 0px 0px 18px; color: #000000; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: normal;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Holding
       and other companies</font></td>
<td style="padding: 0px; color: #000000; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; height: 12px; white-space: normal; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(42.9)</font></td>
<td style="padding: 0px; color: #000000; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; height: 12px; white-space: normal; text-align: right;"><br></td>
<td style="padding: 0px; color: #000000; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; height: 12px; white-space: normal; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(30.5)</font></td>
<td style="padding: 0px; color: #000000; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; height: 12px; white-space: normal; text-align: right;"><br></td>
<td style="padding: 0px; color: #000000; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; height: 12px; white-space: normal; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(55.3)</font></td>










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<tr style="height: 6px;">
<td height="8" style="height: 6px; padding: 0px; color: rgb(38, 38, 38); font-size: 10pt; font-weight: 400; text-decoration: none; font-family: &quot;Century Gothic&quot;, sans-serif; vertical-align: bottom; border-top: none; border-right: none; border-left: none; border-image: initial; white-space: normal;border-bottom-width:1pt; border-bottom-style: solid; border-bottom-color:rgb(5, 19, 115) !important;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding: 0px 5px 0px 0px; color: rgb(38, 38, 38); font-size: 10pt; font-weight: 400; text-decoration: none; font-family: &quot;Century Gothic&quot;, sans-serif; vertical-align: bottom; border-top: none; border-right: none; border-left: none; border-image: initial; height: 6px; white-space: normal; text-align: right;border-bottom-width:1pt; border-bottom-style: solid; border-bottom-color:rgb(5, 19, 115) !important;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding: 0px 5px 0px 0px; color: rgb(38, 38, 38); font-size: 10pt; font-weight: 400; text-decoration: none; font-family: &quot;Century Gothic&quot;, sans-serif; vertical-align: bottom; border-top: none; border-right: none; border-left: none; border-image: initial; height: 6px; white-space: normal; text-align: right;border-bottom-width:1pt; border-bottom-style: solid; border-bottom-color:rgb(5, 19, 115) !important;"><br></td>
<td style="padding: 0px 5px 0px 0px; color: rgb(38, 38, 38); font-size: 10pt; font-weight: 400; text-decoration: none; font-family: &quot;Century Gothic&quot;, sans-serif; vertical-align: bottom; border-top: none; border-right: none; border-left: none; border-image: initial; height: 6px; white-space: normal; text-align: right;border-bottom-width:1pt; border-bottom-style: solid; border-bottom-color:rgb(5, 19, 115) !important;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding: 0px 5px 0px 0px; color: rgb(38, 38, 38); font-size: 10pt; font-weight: 400; text-decoration: none; font-family: &quot;Century Gothic&quot;, sans-serif; vertical-align: bottom; border-top: none; border-right: none; border-left: none; border-image: initial; height: 6px; white-space: normal; text-align: right;border-bottom-width:1pt; border-bottom-style: solid; border-bottom-color:rgb(5, 19, 115) !important;"><br></td>
<td style="padding: 0px 5px 0px 0px; color: rgb(38, 38, 38); font-size: 10pt; font-weight: 400; text-decoration: none; font-family: &quot;Century Gothic&quot;, sans-serif; vertical-align: bottom; border-top: none; border-right: none; border-left: none; border-image: initial; height: 6px; white-space: normal; text-align: right;border-bottom-width:1pt; border-bottom-style: solid; border-bottom-color:rgb(5, 19, 115) !important;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>










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<td colspan="6" rowspan="2" height="34" style="height: 10px; padding: 0px; color: rgb(38, 38, 38); font-size: 10pt; font-weight: 400; text-decoration: none; font-family: &quot;Century Gothic&quot;, sans-serif; vertical-align: middle; border-right: none; border-bottom: none; border-left: none; border-image: initial; white-space: normal;border-top-width:1pt; border-top-style: solid; border-top-color:rgb(5, 19, 115) !important;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>










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

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









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<hr class="horizontalLineRemoved" style="border-bottom-color: #000000; border-top-color: #000000; color: #000000; background-color: #000000;"></hr>
<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div>









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<td style="width: 50%;border-bottom-width:1pt; border-bottom-style: solid; border-bottom-color:rgb(5, 18, 114) !important;">
<p style="line-height: 90%; font-size: 10pt; font-family: Calibri, sans-serif;"><font style="font-size: 18.0pt; line-height: 90%; font-family: 'Century Gothic',sans-serif; mso-fareast-font-family: 'Century Gothic'; mso-bidi-font-family: 'Century Gothic'; color: #051473; mso-font-kerning: 12.0pt;"><font style="font-family: 'times new roman', times;">1<sup>ST</sup> QUARTER OF 2024</font><font style="mso-ligatures: none;"></font></font></p>














</td>
<td style="width: 50%;border-bottom-width:1pt; border-bottom-style: solid; border-bottom-color:rgb(5, 18, 114) !important;"><img src="img46d94e39fa544349b50a.jpg" style="float: right;" alt="Graphics"></td>









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</table>
<p style="font-size: 10pt; line-height: 1.2; margin: 6pt 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; line-height: inherit; font-size: 12pt;"><font style="color: #0090ff; font-weight: bold; line-height: inherit;">abastece</font> <font style="color: #0090ff; font-weight: bold; line-height: inherit;">a&#237;</font><font style="color: #0090ff; font-weight: bold; line-height: inherit;"> e</font><font style="color: #0090ff; font-weight: bold; line-height: inherit;">arnings report</font></font></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 6pt 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; line-height: inherit; font-size: 10pt;"><font style="line-height: inherit;">At the beginning of 2020, the operation of </font><font style="line-height: inherit;">abastece</font> <font style="line-height: inherit;">a&#237;</font><font style="line-height: inherit;"> was segregated from </font><font style="line-height: inherit;">Ipiranga</font><font style="line-height: inherit;"> with the purpose of developing it as an independent business. However, </font><font style="line-height: inherit;">considering that</font> <font style="line-height: inherit;">abastece</font> <font style="line-height: inherit;">a&#237;</font><font style="line-height: inherit;"> is </font><font style="line-height: inherit;">the main</font><font style="line-height: inherit;"> relationship channel with Ipiranga's consumers</font><font style="line-height: inherit;">&nbsp;and the</font><font style="line-height: inherit;"> new strategic direction</font><font style="line-height: inherit;"> of the company</font><font style="line-height: inherit;">, </font><font style="line-height: inherit;">the</font><font style="line-height: inherit;"> segregation</font><font style="line-height: inherit;"> of results</font> <font style="line-height: inherit;">no longer makes sense</font><font style="line-height: inherit;">.</font></font></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 6pt 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; line-height: inherit; font-size: 10pt;"><font style="line-height: inherit;">The </font><font style="line-height: inherit;">m</font><font style="line-height: inherit;">anagement of </font><font style="line-height: inherit;">abastece</font> <font style="line-height: inherit;">a&#237;</font><font style="line-height: inherit;">, despite</font><font style="line-height: inherit;"> still dedicated to the business</font><font style="line-height: inherit;">,</font><font style="line-height: inherit;"> w</font><font style="line-height: inherit;">as</font><font style="line-height: inherit;"> reintegrated into&nbsp;</font><font style="line-height: inherit;">Ipiranga's</font><font style="line-height: inherit;"> ecosystem</font><font style="line-height: inherit;">, </font><font style="line-height: inherit;">similar to what is done with </font><font style="line-height: inherit;">AmPm</font><font style="line-height: inherit;">. This decision aims to optimize the processes and </font><font style="line-height: inherit;">streng</font><font style="line-height: inherit;">t</font><font style="line-height: inherit;">hen</font> <font style="line-height: inherit;">the </font><font style="line-height: inherit;">relationship</font> <font style="line-height: inherit;">with users. From this quarter onwards, the results of </font><font style="line-height: inherit;">abastece</font> <font style="line-height: inherit;">a&#237;</font><font style="line-height: inherit;"> will once again be consolidated </font><font style="line-height: inherit;">at</font> <font style="line-height: inherit;">Ipiranga</font><font style="line-height: inherit;">. </font></font></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 6pt 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; line-height: inherit; font-size: 10pt;"><font style="line-height: inherit;">The effects of this </font><font style="line-height: inherit;">change in the </font><font style="line-height: inherit;">results </font><font style="line-height: inherit;">report</font><font style="line-height: inherit;"> are detailed in the table below and, to ensure comparability between the periods analyzed, the 2023 figures reflect this new organizational structure.</font></font></p>
<p align="right" style="margin: 0in; line-height: 107%; font-size: 11pt; font-family: Calibri, sans-serif; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt;"><b><font style="line-height: 107%; color: #008fff;">&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &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></b></font></p>
<table border="0" cellpadding="0" cellspacing="0" width="75%" style="height: 353px; border-collapse: collapse; width: 75%; font-family: 'times new roman'; font-size: 10pt; margin-left: auto; margin-right: auto;">






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<td style="padding: 0px; color: #ffffff; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: none; white-space: nowrap; background-color: #ffffff; margin-left: 0.1px;"><br></td>
<td style="padding: 0px; color: #ffffff; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: none; white-space: normal; background: #ffffff; text-align: center; margin-left: 0.1px;"><br></td>
<td style="padding: 0px; color: #ffffff; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: none; white-space: nowrap; background: #ffffff; text-align: center; margin-left: 0.1px;"><br></td>
<td style="padding: 0px; color: #ffffff; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: none; white-space: normal; background: #ffffff; margin-left: 0.1px; text-align: right;"><b style="color: #000000; font-family: 'times new roman', times; font-size: 10.6667px; font-variant-ligatures: normal; font-variant-caps: normal; 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 style="line-height: 11.4133px; color: #008fff;">In million of<font>&nbsp;</font>Reais</font></b></td>









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<tr style="height: 20px;">
<td rowspan="2" height="49" style="height: 41px; padding: 0px; color: #ffffff; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: none; background: #051373; white-space: normal;"><font style="font-family: 'times new roman', times;">Ipiranga</font><br><font style="font-family: 'times new roman', times;">
    Adjusted EBITDA</font></td>
<td style="padding: 0px; color: #ffffff; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: none; height: 20px; white-space: normal;"></td>
<td rowspan="2" style="padding: 0px; color: #ffffff; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: none; background: #051373; height: 41px; text-align: center; white-space: normal;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;</font>Reported</font><br><font style="font-family: 'times new roman', times;">
    EBITDA<font style="mso-spacerun: yes;">&nbsp;&nbsp;</font></font></td>
<td rowspan="2" style="padding: 0px; color: #ffffff; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: none; background: #008fff; height: 41px; text-align: center; white-space: normal;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;</font>abastece a&#237;<font style="mso-spacerun: yes;">&nbsp;</font></font></td>
<td rowspan="2" style="padding: 0px; color: #ffffff; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: none; background: #051373; height: 41px; text-align: center; white-space: normal;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;</font>Re-presented</font><br><font style="font-family: 'times new roman', times;">
    EBITDA<font style="mso-spacerun: yes;">&nbsp;&nbsp;</font></font></td>









</tr>
<tr style="height: 21px;">
<td height="28" style="height: 21px; padding: 0px; color: #ffffff; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: none; white-space: normal;"></td>









</tr>
<tr style="height: 12px;">
<td height="17" style="height: 12px; padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: normal;"></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; height: 12px; white-space: normal;"></td>
<td style="padding: 0px; color: #000000; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; height: 12px; white-space: normal;"></td>
<td style="padding: 0px; color: #000000; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; height: 12px; white-space: normal;"></td>
<td style="padding: 0px; color: #000000; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; height: 12px; white-space: normal;"></td>









</tr>
<tr style="height: 12px;">
<td height="17" style="height: 12px; padding: 0px; color: #051373; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; width: 24%; white-space: normal;"><font style="font-family: 'times new roman', times;">2020</font></td>
<td style="padding: 0px; color: #051373; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; height: 12px; width: 1%; white-space: normal;"></td>
<td style="padding: 0px 5px 0px 0px; color: #051373; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; height: 12px; width: 25%; text-align: right; white-space: normal;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>1,711.7
  </font></td>
<td style="padding: 0px 5px 0px 0px; color: #051373; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; height: 12px; width: 25%; text-align: right; white-space: normal;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
  </font>(41.7)</font></td>
<td style="padding: 0px 5px 0px 0px; color: #051373; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; height: 12px; width: 25%; text-align: right; white-space: normal;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>1,670.1
  </font></td>









</tr>
<tr style="height: 12px;">
<td height="17" style="height: 12px; padding: 0px; color: #000000; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: normal;"><font style="font-family: 'times new roman', times;">1Q20</font></td>
<td style="padding: 0px 0px 0px 18px; color: #000000; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; height: 12px; white-space: normal;"></td>
<td style="padding: 0px 5px 0px 0px; color: #000000; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; height: 12px; text-align: right; white-space: normal;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
  </font>479.9 </font></td>
<td style="padding: 0px 5px 0px 0px; color: #000000; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; height: 12px; text-align: right; white-space: normal;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
  </font>(4.3)</font></td>
<td style="padding: 0px 5px 0px 0px; color: #000000; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; height: 12px; text-align: right; white-space: normal;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
  </font>475.5 </font></td>









</tr>
<tr style="height: 12px;">
<td height="17" style="height: 12px; padding: 0px; color: #000000; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: normal;"><font style="font-family: 'times new roman', times;">2Q20</font></td>
<td style="padding: 0px 0px 0px 18px; color: #000000; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; height: 12px; white-space: normal;"></td>
<td style="padding: 0px 5px 0px 0px; color: #000000; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; height: 12px; text-align: right; white-space: normal;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
  </font>178.7 </font></td>
<td style="padding: 0px 5px 0px 0px; color: #000000; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; height: 12px; text-align: right; white-space: normal;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
  </font>(11.5)</font></td>
<td style="padding: 0px 5px 0px 0px; color: #000000; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; height: 12px; text-align: right; white-space: normal;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
  </font>167.2 </font></td>









</tr>
<tr style="height: 12px;">
<td height="17" style="height: 12px; padding: 0px; color: #000000; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: normal;"><font style="font-family: 'times new roman', times;">3Q20</font></td>
<td style="padding: 0px 0px 0px 18px; color: #000000; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; height: 12px; white-space: normal;"></td>
<td style="padding: 0px 5px 0px 0px; color: #000000; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; height: 12px; text-align: right; white-space: normal;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
  </font>565.7 </font></td>
<td style="padding: 0px 5px 0px 0px; color: #000000; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; height: 12px; text-align: right; white-space: normal;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
  </font>(6.2)</font></td>
<td style="padding: 0px 5px 0px 0px; color: #000000; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; height: 12px; text-align: right; white-space: normal;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
  </font>559.5 </font></td>









</tr>
<tr style="height: 12px;">
<td height="17" style="height: 12px; padding: 0px; color: #000000; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: normal;"><font style="font-family: 'times new roman', times;">4Q20</font></td>
<td style="padding: 0px 0px 0px 18px; color: #000000; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; height: 12px; white-space: normal;"></td>
<td style="padding: 0px 5px 0px 0px; color: #000000; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; height: 12px; text-align: right; white-space: normal;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
  </font>487.5 </font></td>
<td style="padding: 0px 5px 0px 0px; color: #000000; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; height: 12px; text-align: right; white-space: normal;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
  </font>(19.6)</font></td>
<td style="padding: 0px 5px 0px 0px; color: #000000; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; height: 12px; text-align: right; white-space: normal;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
  </font>467.9 </font></td>









</tr>
<tr style="height: 12px;">
<td height="17" style="height: 12px; padding: 0px; color: #000000; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: normal;"></td>
<td style="padding: 0px 0px 0px 18px; color: #000000; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; height: 12px; white-space: normal;"></td>
<td style="padding: 0px 5px 0px 0px; color: #000000; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; height: 12px; text-align: right; white-space: normal;"></td>
<td style="padding: 0px 5px 0px 0px; color: #000000; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; height: 12px; text-align: right; white-space: normal;"></td>
<td style="padding: 0px 5px 0px 0px; color: #000000; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; height: 12px; text-align: right; white-space: normal;"></td>









</tr>
<tr style="height: 12px;">
<td height="17" style="height: 12px; padding: 0px; color: #051373; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: normal;"><font style="font-family: 'times new roman', times;">2021</font></td>
<td style="padding: 0px; color: #051373; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; height: 12px; white-space: normal;"></td>
<td style="padding: 0px 5px 0px 0px; color: #051373; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; height: 12px; text-align: right; white-space: normal;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>2,086.7
  </font></td>
<td style="padding: 0px 5px 0px 0px; color: #051373; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; height: 12px; text-align: right; white-space: normal;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
  </font>(80.4)</font></td>
<td style="padding: 0px 5px 0px 0px; color: #051373; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; height: 12px; text-align: right; white-space: normal;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>2,006.3
  </font></td>









</tr>
<tr style="height: 12px;">
<td height="17" style="height: 12px; padding: 0px; color: #000000; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: normal;"><font style="font-family: 'times new roman', times;">1Q21</font></td>
<td style="padding: 0px 0px 0px 18px; color: #000000; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; height: 12px; white-space: normal;"></td>
<td style="padding: 0px 5px 0px 0px; color: #000000; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; height: 12px; text-align: right; white-space: normal;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
  </font>563.0 </font></td>
<td style="padding: 0px 5px 0px 0px; color: #000000; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; height: 12px; text-align: right; white-space: normal;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
  </font>(11.1)</font></td>
<td style="padding: 0px 5px 0px 0px; color: #000000; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; height: 12px; text-align: right; white-space: normal;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
  </font>551.9 </font></td>









</tr>
<tr style="height: 12px;">
<td height="17" style="height: 12px; padding: 0px; color: #000000; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: normal;"><font style="font-family: 'times new roman', times;">2Q21</font></td>
<td style="padding: 0px 0px 0px 18px; color: #000000; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; height: 12px; white-space: normal;"></td>
<td style="padding: 0px 5px 0px 0px; color: #000000; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; height: 12px; text-align: right; white-space: normal;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
  </font>421.8 </font></td>
<td style="padding: 0px 5px 0px 0px; color: #000000; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; height: 12px; text-align: right; white-space: normal;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
  </font>(14.0)</font></td>
<td style="padding: 0px 5px 0px 0px; color: #000000; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; height: 12px; text-align: right; white-space: normal;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
  </font>407.9 </font></td>









</tr>
<tr style="height: 12px;">
<td height="17" style="height: 12px; padding: 0px; color: #000000; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: normal;"><font style="font-family: 'times new roman', times;">3Q21</font></td>
<td style="padding: 0px 0px 0px 18px; color: #000000; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; height: 12px; white-space: normal;"></td>
<td style="padding: 0px 5px 0px 0px; color: #000000; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; height: 12px; text-align: right; white-space: normal;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
  </font>398.1 </font></td>
<td style="padding: 0px 5px 0px 0px; color: #000000; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; height: 12px; text-align: right; white-space: normal;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
  </font>(22.4)</font></td>
<td style="padding: 0px 5px 0px 0px; color: #000000; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; height: 12px; text-align: right; white-space: normal;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
  </font>375.7 </font></td>









</tr>
<tr style="height: 12px;">
<td height="17" style="height: 12px; padding: 0px; color: #000000; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: normal;"><font style="font-family: 'times new roman', times;">4Q21</font></td>
<td style="padding: 0px 0px 0px 18px; color: #000000; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; height: 12px; white-space: normal;"></td>
<td style="padding: 0px 5px 0px 0px; color: #000000; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; height: 12px; text-align: right; white-space: normal;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
  </font>703.8 </font></td>
<td style="padding: 0px 5px 0px 0px; color: #000000; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; height: 12px; text-align: right; white-space: normal;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
  </font>(33.0)</font></td>
<td style="padding: 0px 5px 0px 0px; color: #000000; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; height: 12px; text-align: right; white-space: normal;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
  </font>670.8 </font></td>









</tr>
<tr style="height: 12px;">
<td height="17" style="height: 12px; padding: 0px; color: windowtext; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: normal;"></td>
<td style="padding: 0px; color: windowtext; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; height: 12px; white-space: normal;"></td>
<td style="padding: 0px 5px 0px 0px; color: windowtext; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; height: 12px; text-align: right; white-space: normal;"></td>
<td style="padding: 0px 5px 0px 0px; color: windowtext; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; height: 12px; text-align: right; white-space: normal;"></td>
<td style="padding: 0px 5px 0px 0px; color: windowtext; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; height: 12px; text-align: right; white-space: normal;"></td>









</tr>
<tr style="height: 12px;">
<td height="17" style="height: 12px; padding: 0px; color: #051373; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: normal;"><font style="font-family: 'times new roman', times;">2022</font></td>
<td style="padding: 0px; color: #051373; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; height: 12px; white-space: normal;"></td>
<td style="padding: 0px 5px 0px 0px; color: #051373; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; height: 12px; text-align: right; white-space: normal;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>3,068.7
  </font></td>
<td style="padding: 0px 5px 0px 0px; color: #051373; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; height: 12px; text-align: right; white-space: normal;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
  </font>(68.8)</font></td>
<td style="padding: 0px 5px 0px 0px; color: #051373; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; height: 12px; text-align: right; white-space: normal;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>3,000.0
  </font></td>









</tr>
<tr style="height: 12px;">
<td height="17" style="height: 12px; padding: 0px; color: #000000; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: normal;"><font style="font-family: 'times new roman', times;">1Q22</font></td>
<td style="padding: 0px 0px 0px 18px; color: #000000; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; height: 12px; white-space: normal;"></td>
<td style="padding: 0px 5px 0px 0px; color: #000000; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; height: 12px; text-align: right; white-space: normal;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
  </font>619.5 </font></td>
<td style="padding: 0px 5px 0px 0px; color: #000000; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; height: 12px; text-align: right; white-space: normal;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
  </font>(21.8)</font></td>
<td style="padding: 0px 5px 0px 0px; color: #000000; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; height: 12px; text-align: right; white-space: normal;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
  </font>597.7 </font></td>









</tr>
<tr style="height: 12px;">
<td height="17" style="height: 12px; padding: 0px; color: #000000; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: normal;"><font style="font-family: 'times new roman', times;">2Q22</font></td>
<td style="padding: 0px 0px 0px 18px; color: #000000; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; height: 12px; white-space: normal;"></td>
<td style="padding: 0px 5px 0px 0px; color: #000000; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; height: 12px; text-align: right; white-space: normal;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
  </font>840.0 </font></td>
<td style="padding: 0px 5px 0px 0px; color: #000000; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; height: 12px; text-align: right; white-space: normal;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
  </font>(14.8)</font></td>
<td style="padding: 0px 5px 0px 0px; color: #000000; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; height: 12px; text-align: right; white-space: normal;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
  </font>825.1 </font></td>









</tr>
<tr style="height: 12px;">
<td height="17" style="height: 12px; padding: 0px; color: #000000; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: normal;"><font style="font-family: 'times new roman', times;">3Q22</font></td>
<td style="padding: 0px 0px 0px 18px; color: #000000; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; height: 12px; white-space: normal;"></td>
<td style="padding: 0px 5px 0px 0px; color: #000000; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; height: 12px; text-align: right; white-space: normal;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
  </font>532.7 </font></td>
<td style="padding: 0px 5px 0px 0px; color: #000000; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; height: 12px; text-align: right; white-space: normal;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
  </font>(16.5)</font></td>
<td style="padding: 0px 5px 0px 0px; color: #000000; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; height: 12px; text-align: right; white-space: normal;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
  </font>516.2 </font></td>









</tr>
<tr style="height: 12px;">
<td height="17" style="height: 12px; padding: 0px; color: #000000; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: normal;"><font style="font-family: 'times new roman', times;">4Q22</font></td>
<td style="padding: 0px 0px 0px 18px; color: #000000; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; height: 12px; white-space: normal;"></td>
<td style="padding: 0px 5px 0px 0px; color: #000000; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; height: 12px; text-align: right; white-space: normal;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>1,076.5
  </font></td>
<td style="padding: 0px 5px 0px 0px; color: #000000; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; height: 12px; text-align: right; white-space: normal;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
  </font>(15.6)</font></td>
<td style="padding: 0px 5px 0px 0px; color: #000000; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; height: 12px; text-align: right; white-space: normal;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>1,060.9
  </font></td>









</tr>
<tr style="height: 12px;">
<td height="17" style="height: 12px; padding: 0px; color: windowtext; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: normal;"></td>
<td style="padding: 0px; color: windowtext; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; height: 12px; white-space: normal;"></td>
<td style="padding: 0px 5px 0px 0px; color: windowtext; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; height: 12px; text-align: right; white-space: normal;"></td>
<td style="padding: 0px 5px 0px 0px; color: windowtext; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; height: 12px; text-align: right; white-space: normal;"></td>
<td style="padding: 0px 5px 0px 0px; color: windowtext; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; height: 12px; text-align: right; white-space: normal;"></td>









</tr>
<tr style="height: 12px;">
<td height="17" style="height: 12px; padding: 0px; color: #051373; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: normal;"><font style="font-family: 'times new roman', times;">2023</font></td>
<td style="padding: 0px; color: #051373; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; height: 12px; white-space: normal;"></td>
<td style="padding: 0px 5px 0px 0px; color: #051373; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; height: 12px; text-align: right; white-space: normal;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>4,354.5
  </font></td>
<td style="padding: 0px 5px 0px 0px; color: #051373; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; height: 12px; text-align: right; white-space: normal;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
  </font>(56.7)</font></td>
<td style="padding: 0px 5px 0px 0px; color: #051373; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; height: 12px; text-align: right; white-space: normal;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>4,297.7
  </font></td>









</tr>
<tr style="height: 12px;">
<td height="17" style="height: 12px; padding: 0px; color: #000000; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: normal;"><font style="font-family: 'times new roman', times;">1Q23</font></td>
<td style="padding: 0px 0px 0px 18px; color: #000000; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; height: 12px; white-space: normal;"></td>
<td style="padding: 0px 5px 0px 0px; color: #000000; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; height: 12px; text-align: right; white-space: normal;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
  </font>596.1 </font></td>
<td style="padding: 0px 5px 0px 0px; color: #000000; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; height: 12px; text-align: right; white-space: normal;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
  </font>(12.9)</font></td>
<td style="padding: 0px 5px 0px 0px; color: #000000; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; height: 12px; text-align: right; white-space: normal;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
  </font>583.2 </font></td>









</tr>
<tr style="height: 12px;">
<td height="17" style="height: 12px; padding: 0px; color: #000000; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: normal;"><font style="font-family: 'times new roman', times;">2Q23</font></td>
<td style="padding: 0px 0px 0px 18px; color: #000000; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; height: 12px; white-space: normal;"></td>
<td style="padding: 0px 5px 0px 0px; color: #000000; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; height: 12px; text-align: right; white-space: normal;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
  </font>478.5 </font></td>
<td style="padding: 0px 5px 0px 0px; color: #000000; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; height: 12px; text-align: right; white-space: normal;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
  </font>(14.1)</font></td>
<td style="padding: 0px 5px 0px 0px; color: #000000; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; height: 12px; text-align: right; white-space: normal;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
  </font>464.4 </font></td>









</tr>
<tr style="height: 12px;">
<td height="17" style="height: 12px; padding: 0px; color: #000000; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: normal;"><font style="font-family: 'times new roman', times;">3Q23</font></td>
<td style="padding: 0px 0px 0px 18px; color: #000000; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; height: 12px; white-space: normal;"></td>
<td style="padding: 0px 5px 0px 0px; color: #000000; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; height: 12px; text-align: right; white-space: normal;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>1,513.1
  </font></td>
<td style="padding: 0px 5px 0px 0px; color: #000000; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; height: 12px; text-align: right; white-space: normal;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
  </font>(19.9)</font></td>
<td style="padding: 0px 5px 0px 0px; color: #000000; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; height: 12px; text-align: right; white-space: normal;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>1,493.2
  </font></td>









</tr>
<tr style="height: 12px;">
<td height="17" style="height: 12px; padding: 0px; color: #000000; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: normal;"><font style="font-family: 'times new roman', times;">4Q23</font></td>
<td style="padding: 0px 0px 0px 18px; color: #000000; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; height: 12px; white-space: normal;"></td>
<td style="padding: 0px 5px 0px 0px; color: #000000; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; height: 12px; text-align: right; white-space: normal;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>1,766.7
  </font></td>
<td style="padding: 0px 5px 0px 0px; color: #000000; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; height: 12px; text-align: right; white-space: normal;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
  </font>(9.7)</font></td>
<td style="padding: 0px 5px 0px 0px; color: #000000; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; height: 12px; text-align: right; white-space: normal;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>1,757.0
  </font></td>









</tr>
<tr style="height: 12px;">
<td height="17" style="height: 12px; padding: 0px; color: windowtext; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: &quot;Century Gothic&quot;, sans-serif; vertical-align: bottom; border-top: none; border-right: none; border-left: none; border-image: initial; white-space: normal;border-bottom-width:1pt; border-bottom-style: solid; border-bottom-color:rgb(5, 18, 115) !important;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding: 0px; color: windowtext; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: &quot;Century Gothic&quot;, sans-serif; vertical-align: bottom; border-top: none; border-right: none; border-left: none; border-image: initial; height: 12px; white-space: normal;border-bottom-width:1pt; border-bottom-style: solid; border-bottom-color:rgb(5, 18, 115) !important;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding: 0px 5px 0px 0px; color: windowtext; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: &quot;Century Gothic&quot;, sans-serif; vertical-align: bottom; border-top: none; border-right: none; border-left: none; border-image: initial; height: 12px; text-align: right; white-space: normal;border-bottom-width:1pt; border-bottom-style: solid; border-bottom-color:rgb(5, 18, 115) !important;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding: 0px 5px 0px 0px; color: windowtext; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: &quot;Century Gothic&quot;, sans-serif; vertical-align: bottom; border-top: none; border-right: none; border-left: none; border-image: initial; height: 12px; text-align: right; white-space: normal;border-bottom-width:1pt; border-bottom-style: solid; border-bottom-color:rgb(5, 18, 115) !important;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding: 0px 5px 0px 0px; color: windowtext; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: &quot;Century Gothic&quot;, sans-serif; vertical-align: bottom; border-top: none; border-right: none; border-left: none; border-image: initial; height: 12px; text-align: right; white-space: normal;border-bottom-width:1pt; border-bottom-style: solid; border-bottom-color:rgb(5, 18, 115) !important;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>









</tr>
<tr style="height: 12px;">
<td height="17" style="height: 12px; padding: 0px; color: windowtext; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: normal;"></td>
<td style="padding: 0px; color: windowtext; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; height: 12px; white-space: normal;"></td>
<td style="padding: 0px; color: windowtext; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; height: 12px; text-align: right; white-space: normal;"></td>
<td style="padding: 0px; color: windowtext; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; height: 12px; text-align: right; white-space: normal;"></td>
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<p style="font-size: 7pt; line-height: 1.2; margin: 0pt 0pt 8pt;"><br></p>
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<table style="width: 100%; font-family: 'times new roman'; font-size: 10pt;">

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









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<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div>









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

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<td style="width: 50%;border-bottom-width:1pt; border-bottom-style: solid; border-bottom-color:rgb(5, 18, 114) !important;">
<p style="line-height: 90%; font-size: 10pt; font-family: Calibri, sans-serif;"><font style="font-size: 18.0pt; line-height: 90%; font-family: 'Century Gothic',sans-serif; mso-fareast-font-family: 'Century Gothic'; mso-bidi-font-family: 'Century Gothic'; color: #051473; mso-font-kerning: 12.0pt;"><font style="font-family: 'times new roman', times;">1<sup>ST</sup> QUARTER OF 2024</font><font style="mso-ligatures: none;"></font></font></p>














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<td style="width: 50%;border-bottom-width:1pt; border-bottom-style: solid; border-bottom-color:rgb(5, 18, 114) !important;"><img src="img46d94e39fa544349b50a.jpg" style="float: right;" alt="Graphics"></td>









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<p align="right" style="margin: 0in; text-align: right; line-height: 107%; font-size: 11pt; font-family: Calibri, sans-serif;"><font style="font-family: 'times new roman', times;"><b><font style="font-size: 8pt; line-height: 107%; color: #008fff;">In million of Reais</font></b></font><b><font style="font-size: 6.0pt; line-height: 107%; font-family: 'Century Gothic',sans-serif; mso-fareast-font-family: 'Times New Roman'; color: #008fff; mso-themecolor: background1; mso-bidi-font-style: italic;"></font></b></p>
<table cellspacing="0" cellpadding="0" style="height: 167px; 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: 31px;">
<td style="background-color: rgb(5, 19, 115); padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 31px; width: 39.9693%;border-top-width:1pt; border-top-style: solid; border-top-color:rgb(5, 18, 115) !important;border-left-width:1pt; border-left-style:solid; border-left-color:rgb(5, 18, 115) !important;">
<p style="font-size: 10pt; line-height: 108%; margin: 0px; text-indent: 0px;"><font style="color: #ffffff; font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">Ultrapar</font></p>











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<td style="background-color: rgb(5, 19, 115); padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 31px; width: 11.9908%;border-top-width:1pt; border-top-style: solid; border-top-color:rgb(5, 18, 115) !important;">
<p style="font-size: 10pt; line-height: 108%; margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; line-height: inherit; font-size: 10pt;"><font style="color: #ffffff; font-weight: bold; line-height: inherit;">1</font><font style="color: #ffffff; font-weight: bold; line-height: inherit;">Q</font><font style="color: #ffffff; font-weight: bold; line-height: inherit;">24</font></font></p>











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<td style="background-color: rgb(5, 19, 115); padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 31px; width: 11.9908%;border-top-width:1pt; border-top-style: solid; border-top-color:rgb(5, 18, 115) !important;">
<p style="font-size: 10pt; line-height: 108%; margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; line-height: inherit; font-size: 10pt;"><font style="color: #ffffff; font-weight: bold; line-height: inherit;">1</font><font style="color: #ffffff; font-weight: bold; line-height: inherit;">Q</font><font style="color: #ffffff; font-weight: bold; line-height: inherit;">23</font></font></p>











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<td style="background-color: rgb(5, 19, 115); padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 31px; width: 11.9908%;border-top-width:1pt; border-top-style: solid; border-top-color:rgb(5, 18, 115) !important;">
<p style="font-size: 10pt; line-height: 108%; margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; line-height: inherit; font-size: 10pt;"><font style="color: #ffffff; font-weight: bold; line-height: inherit;">4</font><font style="color: #ffffff; font-weight: bold; line-height: inherit;">Q</font><font style="color: #ffffff; font-weight: bold; line-height: inherit;">23</font></font></p>











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<td style="background-color: rgb(5, 19, 115); padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 31px; width: 11.9908%;border-top-width:1pt; border-top-style: solid; border-top-color:rgb(5, 18, 115) !important;">
<p style="font-size: 10pt; line-height: 108%; margin: 0pt; text-align: center;"><font style="color: #ffffff; font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">&#916;</font></p>
<p style="font-size: 7pt; line-height: 108%; margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; line-height: inherit; font-size: 10pt;"><font style="color: #ffffff; font-weight: bold; line-height: inherit;">1</font><font style="color: #ffffff; font-weight: bold; line-height: inherit;">Q</font><font style="color: #ffffff; font-weight: bold; line-height: inherit;">24 v 1</font><font style="color: #ffffff; font-weight: bold; line-height: inherit;">Q</font><font style="color: #ffffff; font-weight: bold; line-height: inherit;">23</font></font></p>











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<td style="background-color: rgb(5, 19, 115); padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 31px; width: 11.9908%;border-top-width:1pt; border-top-style: solid; border-top-color:rgb(5, 18, 115) !important;border-right-width:1pt; border-right-style:solid; border-right-color:rgb(5, 18, 115) !important;">
<p style="font-size: 10pt; line-height: 108%; margin: 0pt; text-align: center;"><font style="color: #ffffff; font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">&#916;</font></p>
<p style="font-size: 7pt; line-height: 108%; margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; line-height: inherit; font-size: 10pt;"><font style="color: #ffffff; font-weight: bold; line-height: inherit;">1</font><font style="color: #ffffff; font-weight: bold; line-height: inherit;">Q</font><font style="color: #ffffff; font-weight: bold; line-height: inherit;">24 v 4</font><font style="color: #ffffff; font-weight: bold; line-height: inherit;">Q</font><font style="color: #ffffff; font-weight: bold; line-height: inherit;">23</font></font></p>











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<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 39.9693%; height: 17px;border-top-width:1pt; border-top-style: solid; border-top-color:rgb(5, 18, 115) !important;border-bottom-width:1pt; border-bottom-style:solid; border-bottom-color:rgb(0, 143, 255) !important;">
<p style="font-size: 10pt; line-height: 108%; margin: 0pt;"><font style="color: #262626; font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Net revenues</font></p>











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<td style="background-color: rgb(204, 232, 255); padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 11.9908%; height: 17px;border-top-width:1pt; border-top-style: solid; border-top-color:rgb(5, 18, 115) !important;border-bottom-width:1pt; border-bottom-style:solid; border-bottom-color:rgb(0, 143, 255) !important;">
<p style="font-size: 10pt; line-height: 108%; margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; line-height: inherit; font-size: 10pt;"><font style="color: #262626; line-height: inherit;">30</font><font style="color: #262626; line-height: inherit;">,</font><font style="color: #262626; line-height: inherit;">396</font></font></p>











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<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 11.9908%; height: 17px;border-top-width:1pt; border-top-style: solid; border-top-color:rgb(5, 18, 115) !important;border-bottom-width:1pt; border-bottom-style:solid; border-bottom-color:rgb(0, 143, 255) !important;">
<p style="font-size: 10pt; line-height: 108%; margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; line-height: inherit; font-size: 10pt;"><font style="color: #262626; line-height: inherit;">30</font><font style="color: #262626; line-height: inherit;">,</font><font style="color: #262626; line-height: inherit;">552</font></font></p>











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<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 11.9908%; height: 17px;border-top-width:1pt; border-top-style: solid; border-top-color:rgb(5, 18, 115) !important;border-bottom-width:1pt; border-bottom-style:solid; border-bottom-color:rgb(0, 143, 255) !important;">
<p style="font-size: 10pt; line-height: 108%; margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; line-height: inherit; font-size: 10pt;"><font style="color: #262626; line-height: inherit;">33</font><font style="color: #262626; line-height: inherit;">,</font><font style="color: #262626; line-height: inherit;">421</font></font></p>











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<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 11.9908%; height: 17px;border-top-width:1pt; border-top-style: solid; border-top-color:rgb(5, 18, 115) !important;border-bottom-width:1pt; border-bottom-style:solid; border-bottom-color:rgb(0, 143, 255) !important;">
<p style="font-size: 10pt; line-height: 108%; margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; line-height: inherit; font-size: 10pt;"><font style="color: #262626; line-height: inherit;">(</font><font style="color: #262626; line-height: inherit;">1</font><font style="color: #262626; line-height: inherit;">%</font><font style="color: #262626; line-height: inherit;">)</font></font></p>











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<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 11.9908%; height: 17px;border-top-width:1pt; border-top-style: solid; border-top-color:rgb(5, 18, 115) !important;border-bottom-width:1pt; border-bottom-style:solid; border-bottom-color:rgb(0, 143, 255) !important;">
<p style="font-size: 10pt; line-height: 108%; margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; line-height: inherit; font-size: 10pt;"><font style="color: #262626; line-height: inherit;">(</font><font style="color: #262626; line-height: inherit;">9</font><font style="color: #262626; line-height: inherit;">%</font><font style="color: #262626; line-height: inherit;">)</font></font></p>











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<tr style="height: 17px;">
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 17px; width: 39.9693%;border-top-width:1pt; border-top-style: solid; border-top-color:rgb(0, 143, 255) !important;border-bottom-width:1pt; border-bottom-style:solid; border-bottom-color:rgb(0, 143, 255) !important;border-left-width:1pt; border-left-style:solid; border-left-color:rgb(0, 143, 255) !important;">
<p style="font-size: 10pt; line-height: 108%; margin: 0pt;"><font style="font-family: 'times new roman', times; line-height: inherit; font-size: 10pt;"><font style="color: #008fff; font-weight: bold; line-height: inherit;">Adjusted </font><font style="color: #008fff; font-weight: bold; line-height: inherit;">EBITDA</font></font></p>











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<td style="background-color: rgb(204, 232, 255); padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 17px; width: 11.9908%;border-top-width:1pt; border-top-style: solid; border-top-color:rgb(0, 143, 255) !important;border-bottom-width:1pt; border-bottom-style:solid; border-bottom-color:rgb(0, 143, 255) !important;">
<p style="font-size: 10pt; line-height: 108%; margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; line-height: inherit; font-size: 10pt;"><font style="color: #008fff; font-weight: bold; line-height: inherit;">1</font><font style="color: #008fff; font-weight: bold; line-height: inherit;">,</font><font style="color: #008fff; font-weight: bold; line-height: inherit;">358</font></font></p>











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<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 17px; width: 11.9908%;border-top-width:1pt; border-top-style: solid; border-top-color:rgb(0, 143, 255) !important;border-bottom-width:1pt; border-bottom-style:solid; border-bottom-color:rgb(0, 143, 255) !important;">
<p style="font-size: 10pt; line-height: 108%; margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; line-height: inherit; font-size: 10pt;"><font style="color: #008fff; font-weight: bold; line-height: inherit;">1</font><font style="color: #008fff; font-weight: bold; line-height: inherit;">,</font><font style="color: #008fff; font-weight: bold; line-height: inherit;">079</font></font></p>











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<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 17px; width: 11.9908%;border-top-width:1pt; border-top-style: solid; border-top-color:rgb(0, 143, 255) !important;border-bottom-width:1pt; border-bottom-style:solid; border-bottom-color:rgb(0, 143, 255) !important;">
<p style="font-size: 10pt; line-height: 108%; margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; line-height: inherit; font-size: 10pt;"><font style="color: #008fff; font-weight: bold; line-height: inherit;">2</font><font style="color: #008fff; font-weight: bold; line-height: inherit;">,</font><font style="color: #008fff; font-weight: bold; line-height: inherit;">287</font></font></p>











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<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 17px; width: 11.9908%;border-top-width:1pt; border-top-style: solid; border-top-color:rgb(0, 143, 255) !important;border-bottom-width:1pt; border-bottom-style:solid; border-bottom-color:rgb(0, 143, 255) !important;">
<p style="font-size: 10pt; line-height: 108%; margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; line-height: inherit; font-size: 10pt;"><font style="color: #008fff; font-weight: bold; line-height: inherit;">26</font><font style="color: #008fff; font-weight: bold; line-height: inherit;">%</font></font></p>











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<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 17px; width: 11.9908%;border-top-width:1pt; border-top-style: solid; border-top-color:rgb(0, 143, 255) !important;border-bottom-width:1pt; border-bottom-style:solid; border-bottom-color:rgb(0, 143, 255) !important;border-right-width:1pt; border-right-style:solid; border-right-color:rgb(0, 143, 255) !important;">
<p style="font-size: 10pt; line-height: 108%; margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; line-height: inherit; font-size: 10pt;"><font style="color: #008fff; font-weight: bold; line-height: inherit;">(</font><font style="color: #008fff; font-weight: bold; line-height: inherit;">41</font><font style="color: #008fff; font-weight: bold; line-height: inherit;">%</font><font style="color: #008fff; font-weight: bold; line-height: inherit;">)</font></font></p>











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<tr style="height: 17px;">
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 17px; width: 39.9693%;border-top-width:1pt; border-top-style: solid; border-top-color:rgb(0, 143, 255) !important;border-bottom-width:1pt; border-bottom-style:solid; border-bottom-color:rgb(0, 143, 255) !important;border-left-width:1pt; border-left-style:solid; border-left-color:rgb(0, 143, 255) !important;">
<p style="font-size: 10pt; line-height: 108%; margin: 0pt;"><font style="font-family: 'times new roman', times; line-height: inherit; font-size: 10pt;"><font style="color: #008fff; font-weight: bold; line-height: inherit;">Recurring Adjusted </font><font style="color: #008fff; font-weight: bold; line-height: inherit;">EBITDA&#185;</font></font></p>











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<td style="background-color: rgb(204, 232, 255); padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 17px; width: 11.9908%;border-top-width:1pt; border-top-style: solid; border-top-color:rgb(0, 143, 255) !important;border-bottom-width:1pt; border-bottom-style:solid; border-bottom-color:rgb(0, 143, 255) !important;">
<p style="font-size: 10pt; line-height: 108%; margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; line-height: inherit; font-size: 10pt;"><font style="color: #008fff; font-weight: bold; line-height: inherit;">1</font><font style="color: #008fff; font-weight: bold; line-height: inherit;">,</font><font style="color: #008fff; font-weight: bold; line-height: inherit;">3</font><font style="color: #008fff; font-weight: bold; line-height: inherit;">06</font></font></p>











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<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 17px; width: 11.9908%;border-top-width:1pt; border-top-style: solid; border-top-color:rgb(0, 143, 255) !important;border-bottom-width:1pt; border-bottom-style:solid; border-bottom-color:rgb(0, 143, 255) !important;">
<p style="font-size: 10pt; line-height: 108%; margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; line-height: inherit; font-size: 10pt;"><font style="color: #008fff; font-weight: bold; line-height: inherit;">1</font><font style="color: #008fff; font-weight: bold; line-height: inherit;">,</font><font style="color: #008fff; font-weight: bold; line-height: inherit;">023</font></font></p>











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<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 17px; width: 11.9908%;border-top-width:1pt; border-top-style: solid; border-top-color:rgb(0, 143, 255) !important;border-bottom-width:1pt; border-bottom-style:solid; border-bottom-color:rgb(0, 143, 255) !important;">
<p style="font-size: 10pt; line-height: 108%; margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; line-height: inherit; font-size: 10pt;"><font style="color: #008fff; font-weight: bold; line-height: inherit;">1</font><font style="color: #008fff; font-weight: bold; line-height: inherit;">,</font><font style="color: #008fff; font-weight: bold; line-height: inherit;">666</font></font></p>











      </td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 17px; width: 11.9908%;border-top-width:1pt; border-top-style: solid; border-top-color:rgb(0, 143, 255) !important;border-bottom-width:1pt; border-bottom-style:solid; border-bottom-color:rgb(0, 143, 255) !important;">
<p style="font-size: 10pt; line-height: 108%; margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; line-height: inherit; font-size: 10pt;"><font style="color: #008fff; font-weight: bold; line-height: inherit;">2</font><font style="color: #008fff; font-weight: bold; line-height: inherit;">8</font><font style="color: #008fff; font-weight: bold; line-height: inherit;">%</font></font></p>











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<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 17px; width: 11.9908%;border-top-width:1pt; border-top-style: solid; border-top-color:rgb(0, 143, 255) !important;border-bottom-width:1pt; border-bottom-style:solid; border-bottom-color:rgb(0, 143, 255) !important;border-right-width:1pt; border-right-style:solid; border-right-color:rgb(0, 143, 255) !important;">
<p style="font-size: 10pt; line-height: 108%; margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; line-height: inherit; font-size: 10pt;"><font style="color: #008fff; font-weight: bold; line-height: inherit;">(</font><font style="color: #008fff; font-weight: bold; line-height: inherit;">2</font><font style="color: #008fff; font-weight: bold; line-height: inherit;">2</font><font style="color: #008fff; font-weight: bold; line-height: inherit;">%</font><font style="color: #008fff; font-weight: bold; line-height: inherit;">)</font></font></p>











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<tr style="height: 17px;">
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 17px; width: 39.9693%;border-top-width:1pt; border-top-style: solid; border-top-color:rgb(0, 143, 255) !important;border-bottom-width:1pt; border-bottom-style:solid; border-bottom-color:rgb(188, 185, 179) !important;">
<p style="font-size: 10pt; line-height: 108%; margin: 0pt;"><font style="font-family: 'times new roman', times; line-height: inherit; font-size: 10pt;"><font style="color: #262626; line-height: inherit;">Deprec</font><font style="color: #262626; line-height: inherit;">iation and amortization</font><font style="color: #262626; line-height: inherit;">&#178;</font></font></p>











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<td style="background-color: rgb(204, 232, 255); padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 17px; width: 11.9908%;border-top-width:1pt; border-top-style: solid; border-top-color:rgb(0, 143, 255) !important;border-bottom-width:1pt; border-bottom-style:solid; border-bottom-color:rgb(188, 185, 179) !important;">
<p style="font-size: 10pt; line-height: 108%; margin: 0pt; text-align: center;"><font style="color: #262626; font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">410</font></p>











      </td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 17px; width: 11.9908%;border-top-width:1pt; border-top-style: solid; border-top-color:rgb(0, 143, 255) !important;border-bottom-width:1pt; border-bottom-style:solid; border-bottom-color:rgb(188, 185, 179) !important;">
<p style="font-size: 10pt; line-height: 108%; margin: 0pt; text-align: center;"><font style="color: #262626; font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">401</font></p>











      </td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 17px; width: 11.9908%;border-top-width:1pt; border-top-style: solid; border-top-color:rgb(0, 143, 255) !important;border-bottom-width:1pt; border-bottom-style:solid; border-bottom-color:rgb(188, 185, 179) !important;">
<p style="font-size: 10pt; line-height: 108%; margin: 0pt; text-align: center;"><font style="color: #262626; font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">480</font></p>











      </td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 17px; width: 11.9908%;border-top-width:1pt; border-top-style: solid; border-top-color:rgb(0, 143, 255) !important;border-bottom-width:1pt; border-bottom-style:solid; border-bottom-color:rgb(188, 185, 179) !important;">
<p style="font-size: 10pt; line-height: 108%; margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; line-height: inherit; font-size: 10pt;"><font style="color: #262626; line-height: inherit;">2</font><font style="color: #262626; line-height: inherit;">%</font></font></p>











      </td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 17px; width: 11.9908%;border-top-width:1pt; border-top-style: solid; border-top-color:rgb(0, 143, 255) !important;border-bottom-width:1pt; border-bottom-style:solid; border-bottom-color:rgb(188, 185, 179) !important;">
<p style="font-size: 10pt; line-height: 108%; margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; line-height: inherit; font-size: 10pt;"><font style="color: #262626; line-height: inherit;">(</font><font style="color: #262626; line-height: inherit;">15</font><font style="color: #262626; line-height: inherit;">%</font><font style="color: #262626; line-height: inherit;">)</font></font></p>











      </td>











     </tr>
<tr style="height: 17px;">
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 17px; width: 39.9693%;border-top-width:1pt; border-top-style: solid; border-top-color:rgb(188, 185, 179) !important;border-bottom-width:1pt; border-bottom-style:solid; border-bottom-color:rgb(0, 143, 255) !important;">
<p style="font-size: 10pt; line-height: 108%; margin: 0pt;"><font style="color: #262626; font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Financial result</font></p>











      </td>
<td style="background-color: rgb(204, 232, 255); padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 17px; width: 11.9908%;border-top-width:1pt; border-top-style: solid; border-top-color:rgb(188, 185, 179) !important;border-bottom-width:1pt; border-bottom-style:solid; border-bottom-color:rgb(0, 143, 255) !important;">
<p style="font-size: 10pt; line-height: 108%; margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; line-height: inherit; font-size: 10pt;"><font style="color: #262626; line-height: inherit;">(</font><font style="color: #262626; line-height: inherit;">283</font><font style="color: #262626; line-height: inherit;">)</font></font></p>











      </td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 17px; width: 11.9908%;border-top-width:1pt; border-top-style: solid; border-top-color:rgb(188, 185, 179) !important;border-bottom-width:1pt; border-bottom-style:solid; border-bottom-color:rgb(0, 143, 255) !important;">
<p style="font-size: 10pt; line-height: 108%; margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; line-height: inherit; font-size: 10pt;"><font style="color: #262626; line-height: inherit;">(</font><font style="color: #262626; line-height: inherit;">312</font><font style="color: #262626; line-height: inherit;">)</font></font></p>











      </td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 17px; width: 11.9908%;border-top-width:1pt; border-top-style: solid; border-top-color:rgb(188, 185, 179) !important;border-bottom-width:1pt; border-bottom-style:solid; border-bottom-color:rgb(0, 143, 255) !important;">
<p style="font-size: 10pt; line-height: 108%; margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; line-height: inherit; font-size: 10pt;"><font style="color: #262626; line-height: inherit;">(</font><font style="color: #262626; line-height: inherit;">170</font><font style="color: #262626; line-height: inherit;">)</font></font></p>











      </td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 17px; width: 11.9908%;border-top-width:1pt; border-top-style: solid; border-top-color:rgb(188, 185, 179) !important;border-bottom-width:1pt; border-bottom-style:solid; border-bottom-color:rgb(0, 143, 255) !important;">
<p style="font-size: 10pt; line-height: 108%; margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; line-height: inherit; font-size: 10pt;"><font style="color: #262626; line-height: inherit;">9</font><font style="color: #262626; line-height: inherit;">%</font></font></p>











      </td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 17px; width: 11.9908%;border-top-width:1pt; border-top-style: solid; border-top-color:rgb(188, 185, 179) !important;border-bottom-width:1pt; border-bottom-style:solid; border-bottom-color:rgb(0, 143, 255) !important;">
<p style="font-size: 10pt; line-height: 108%; margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; line-height: inherit; font-size: 10pt;"><font style="color: #262626; line-height: inherit;">(</font><font style="color: #262626; line-height: inherit;">66</font><font style="color: #262626; line-height: inherit;">%</font><font style="color: #262626; line-height: inherit;">)</font></font></p>











      </td>











     </tr>
<tr style="height: 17px;">
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 17px; width: 39.9693%;border-top-width:1pt; border-top-style: solid; border-top-color:rgb(0, 143, 255) !important;border-bottom-width:1pt; border-bottom-style:solid; border-bottom-color:rgb(0, 143, 255) !important;border-left-width:1pt; border-left-style:solid; border-left-color:rgb(0, 143, 255) !important;">
<p style="font-size: 10pt; line-height: 108%; margin: 0pt;"><font style="font-family: 'times new roman', times; line-height: inherit; font-size: 10pt;"><font style="color: #008fff; font-weight: bold; line-height: inherit;">Net </font><font style="color: #008fff; font-weight: bold; line-height: inherit;">i</font><font style="color: #008fff; font-weight: bold; line-height: inherit;">ncome</font></font></p>











      </td>
<td style="background-color: rgb(204, 232, 255); padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 17px; width: 11.9908%;border-top-width:1pt; border-top-style: solid; border-top-color:rgb(0, 143, 255) !important;border-bottom-width:1pt; border-bottom-style:solid; border-bottom-color:rgb(0, 143, 255) !important;">
<p style="font-size: 10pt; line-height: 108%; margin: 0pt; text-align: center;"><font style="color: #008fff; font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">455</font></p>











      </td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 17px; width: 11.9908%;border-top-width:1pt; border-top-style: solid; border-top-color:rgb(0, 143, 255) !important;border-bottom-width:1pt; border-bottom-style:solid; border-bottom-color:rgb(0, 143, 255) !important;">
<p style="font-size: 10pt; line-height: 108%; margin: 0pt; text-align: center;"><font style="color: #008fff; font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">274</font></p>











      </td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 17px; width: 11.9908%;border-top-width:1pt; border-top-style: solid; border-top-color:rgb(0, 143, 255) !important;border-bottom-width:1pt; border-bottom-style:solid; border-bottom-color:rgb(0, 143, 255) !important;">
<p style="font-size: 10pt; line-height: 108%; margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; line-height: inherit; font-size: 10pt;"><font style="color: #008fff; font-weight: bold; line-height: inherit;">1</font><font style="color: #008fff; font-weight: bold; line-height: inherit;">,</font><font style="color: #008fff; font-weight: bold; line-height: inherit;">114</font></font></p>











      </td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 17px; width: 11.9908%;border-top-width:1pt; border-top-style: solid; border-top-color:rgb(0, 143, 255) !important;border-bottom-width:1pt; border-bottom-style:solid; border-bottom-color:rgb(0, 143, 255) !important;">
<p style="font-size: 10pt; line-height: 108%; margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; line-height: inherit; font-size: 10pt;"><font style="color: #008fff; font-weight: bold; line-height: inherit;">66</font><font style="color: #008fff; font-weight: bold; line-height: inherit;">%</font></font></p>











      </td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 17px; width: 11.9908%;border-top-width:1pt; border-top-style: solid; border-top-color:rgb(0, 143, 255) !important;border-bottom-width:1pt; border-bottom-style:solid; border-bottom-color:rgb(0, 143, 255) !important;border-right-width:1pt; border-right-style:solid; border-right-color:rgb(0, 143, 255) !important;">
<p style="font-size: 10pt; line-height: 108%; margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; line-height: inherit; font-size: 10pt;"><font style="color: #008fff; font-weight: bold; line-height: inherit;">(</font><font style="color: #008fff; font-weight: bold; line-height: inherit;">59</font><font style="color: #008fff; font-weight: bold; line-height: inherit;">%</font><font style="color: #008fff; font-weight: bold; line-height: inherit;">)</font></font></p>











      </td>











     </tr>
<tr style="height: 17px;">
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 17px; width: 39.9693%;border-top-width:1pt; border-top-style: solid; border-top-color:rgb(0, 143, 255) !important;border-bottom-width:1pt; border-bottom-style:solid; border-bottom-color:rgb(0, 143, 255) !important;">
<p style="font-size: 10pt; line-height: 108%; margin: 0pt;"><font style="font-family: 'times new roman', times; line-height: inherit; font-size: 10pt;"><font style="color: #262626; line-height: inherit;">Investment</font><font style="color: #262626; line-height: inherit;">s</font></font></p>











      </td>
<td style="background-color: rgb(204, 232, 255); padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 17px; width: 11.9908%;border-top-width:1pt; border-top-style: solid; border-top-color:rgb(0, 143, 255) !important;border-bottom-width:1pt; border-bottom-style:solid; border-bottom-color:rgb(0, 143, 255) !important;">
<p style="font-size: 10pt; line-height: 108%; margin: 0pt; text-align: center;"><font style="color: #262626; font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">438</font></p>











      </td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 17px; width: 11.9908%;border-top-width:1pt; border-top-style: solid; border-top-color:rgb(0, 143, 255) !important;border-bottom-width:1pt; border-bottom-style:solid; border-bottom-color:rgb(0, 143, 255) !important;">
<p style="font-size: 10pt; line-height: 108%; margin: 0pt; text-align: center;"><font style="color: #262626; font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">365</font></p>











      </td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 17px; width: 11.9908%;border-top-width:1pt; border-top-style: solid; border-top-color:rgb(0, 143, 255) !important;border-bottom-width:1pt; border-bottom-style:solid; border-bottom-color:rgb(0, 143, 255) !important;">
<p style="font-size: 10pt; line-height: 108%; margin: 0pt; text-align: center;"><font style="color: #262626; font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">820</font></p>











      </td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 17px; width: 11.9908%;border-top-width:1pt; border-top-style: solid; border-top-color:rgb(0, 143, 255) !important;border-bottom-width:1pt; border-bottom-style:solid; border-bottom-color:rgb(0, 143, 255) !important;">
<p style="font-size: 10pt; line-height: 108%; margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; line-height: inherit; font-size: 10pt;"><font style="color: #262626; line-height: inherit;">20</font><font style="color: #262626; line-height: inherit;">%</font></font></p>











      </td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 17px; width: 11.9908%;border-top-width:1pt; border-top-style: solid; border-top-color:rgb(0, 143, 255) !important;border-bottom-width:1pt; border-bottom-style:solid; border-bottom-color:rgb(0, 143, 255) !important;">
<p style="font-size: 10pt; line-height: 108%; margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; line-height: inherit; font-size: 10pt;"><font style="color: #262626; line-height: inherit;">(</font><font style="color: #262626; line-height: inherit;">47</font><font style="color: #262626; line-height: inherit;">%</font><font style="color: #262626; line-height: inherit;">)</font></font></p>











      </td>











     </tr>
<tr style="height: 17px;">
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 17px; width: 39.9693%;border-top-width:1pt; border-top-style: solid; border-top-color:rgb(0, 143, 255) !important;border-bottom-width:1pt; border-bottom-style:solid; border-bottom-color:rgb(0, 143, 255) !important;border-left-width:1pt; border-left-style:solid; border-left-color:rgb(0, 143, 255) !important;">
<p style="font-size: 10pt; line-height: 108%; margin: 0pt;"><font style="font-family: 'times new roman', times; line-height: inherit; font-size: 10pt;"><font style="color: #008fff; font-weight: bold; line-height: inherit;">Cash </font><font style="color: #008fff; font-weight: bold; line-height: inherit;">flow from </font><font style="color: #008fff; font-weight: bold; line-height: inherit;">operati</font><font style="color: #008fff; font-weight: bold; line-height: inherit;">ng activities</font></font></p>











      </td>
<td style="background-color: rgb(204, 232, 255); padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 17px; width: 11.9908%;border-top-width:1pt; border-top-style: solid; border-top-color:rgb(0, 143, 255) !important;border-bottom-width:1pt; border-bottom-style:solid; border-bottom-color:rgb(0, 143, 255) !important;">
<p style="font-size: 10pt; line-height: 108%; margin: 0pt; text-align: center;"><font style="color: #008fff; font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">(573)</font></p>











      </td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 17px; width: 11.9908%;border-top-width:1pt; border-top-style: solid; border-top-color:rgb(0, 143, 255) !important;border-bottom-width:1pt; border-bottom-style:solid; border-bottom-color:rgb(0, 143, 255) !important;">
<p style="font-size: 10pt; line-height: 108%; margin: 0pt; text-align: center;"><font style="color: #008fff; font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">(711)</font></p>











      </td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 17px; width: 11.9908%;border-top-width:1pt; border-top-style: solid; border-top-color:rgb(0, 143, 255) !important;border-bottom-width:1pt; border-bottom-style:solid; border-bottom-color:rgb(0, 143, 255) !important;">
<p style="font-size: 10pt; line-height: 108%; margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; line-height: inherit; font-size: 10pt;"><font style="color: #008fff; font-weight: bold; line-height: inherit;">1</font><font style="color: #008fff; font-weight: bold; line-height: inherit;">,</font><font style="color: #008fff; font-weight: bold; line-height: inherit;">761</font></font></p>











      </td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 17px; width: 11.9908%;border-top-width:1pt; border-top-style: solid; border-top-color:rgb(0, 143, 255) !important;border-bottom-width:1pt; border-bottom-style:solid; border-bottom-color:rgb(0, 143, 255) !important;">
<p style="font-size: 10pt; line-height: 108%; margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; line-height: inherit; font-size: 10pt;"><font style="color: #008fff; font-weight: bold; line-height: inherit;">19</font><font style="color: #008fff; font-weight: bold; line-height: inherit;">%</font></font></p>











      </td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 17px; width: 11.9908%;border-top-width:1pt; border-top-style: solid; border-top-color:rgb(0, 143, 255) !important;border-bottom-width:1pt; border-bottom-style:solid; border-bottom-color:rgb(0, 143, 255) !important;border-right-width:1pt; border-right-style:solid; border-right-color:rgb(0, 143, 255) !important;">
<p style="font-size: 10pt; line-height: 108%; margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; line-height: inherit; font-size: 10pt;"><font style="color: #008fff; font-weight: bold; line-height: inherit;">n/a</font></font></p>











      </td>











     </tr>























   </table>
<p style="font-size: 7pt; line-height: 1.2; margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; line-height: inherit; font-size: 8pt;"><font style="font-style: italic; line-height: inherit;">&#185; </font><font style="font-style: italic; line-height: inherit;">Non-recurring items described in the EBITDA calculation table &#8211; page 2</font></font></p>
<p style="font-size: 7pt; line-height: 1.2; margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; line-height: inherit; font-size: 8pt;"><font style="font-style: italic; line-height: inherit;">&#178; </font><font style="font-style: italic; line-height: inherit;">Includes amortization of contractual assets with customers &#8211; exclusive rights</font></font></p>
<p style="font-size: 7pt; line-height: 1.2; margin: 0pt; text-align: justify;"><br></p>










  </div><div style="font-family: 'times new roman', times; font-size: 10pt; margin: 6pt 0pt 0pt; text-indent: 0pt;"><font style="font-size: 10pt; text-align: justify; text-indent: 0pt; color: #051373; font-weight: bold; line-height: inherit;">Net revenues</font><font style="font-size: 10pt; text-align: justify; text-indent: 0pt; color: #051373; font-weight: bold; line-height: inherit;"> &#8211;</font><font style="font-size: 10pt; text-align: justify; text-indent: 0pt;"> Total of R$ 30,396 million (-1% vs 1Q23), due to lower revenues at Ultragaz and Ipiranga, attenuated by higher revenues at Ultracargo. Compared to 4Q23, net revenues decreased 9%, mainly due to lower revenues at Ipiranga.</font><br></div>
<div style="font-family: 'times new roman', times; font-size: 10pt; margin: 6pt 0pt 0pt; text-indent: 0pt;">
<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;"><font style="color: #051373; font-weight: bold; line-height: inherit;">Recurring Adjusted EBITDA </font><font style="color: #051373; font-weight: bold; line-height: inherit;">&#8211;</font> Total of R$ 1,306 million (+28% vs 1Q23), due to the higher EBITDA of the three main businesses, mainly Ipiranga. Compared to 4Q23, recurring Adjusted EBITDA decreased 22%, mainly due to the lower EBITDA of Ipiranga.</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;"><font style="color: #051373; font-weight: bold; line-height: inherit;">Results from the Holding and other companies &#8211; </font>Ultrapar recorded a negative result of R$ 43 million from the <font style="font-style: italic; line-height: inherit;">Holding</font> and other companies, comprised of (i) R$ 40 million of negative EBITDA from the <font style="font-style: italic; line-height: inherit;">Holding</font> and (ii) R$ 3 million of negative EBITDA from other companies, mainly Refinaria Riograndense. As mentioned on page 3, the abastece a&#237; result began to be consolidated at Ipiranga from this quarter onwards.</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;"><font style="color: #051373; font-weight: bold; line-height: inherit;">Depreciation and amortization</font> <font style="color: #051373; font-weight: bold; line-height: inherit;">&#8211;</font> Total of R$ 410 million (+2% vs 1Q23), due to higher investments made over the last 12 months. Compared to 4Q23, total costs and expenses with depreciation and amortization decreased 15%, due to lower amortization of contractual assets at Ipiranga, mainly arising from the one-off adjustment of R$ 48 million related to the change in the contractual assets' methodology in 4Q23.</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;"><font style="color: #051373; font-weight: bold; line-height: inherit;">Financial result </font><font style="color: #051373; font-weight: bold; line-height: inherit;">&#8211;</font> Ultrapar reported net financial expenses of R$ 283 million in 1Q24, an improvement of R$ 29 million compared to 1Q23, mainly reflecting the lower average net debt balance and the lower CDI, partially offset by the negative one-off mark-to-market result of hedges of R$ 48 million in this quarter. Compared to 4Q23, when net financial expenses amounted to R$ 170 million, the difference is mainly explained by the worse one-off mark-to-market result of hedges. </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;"><font style="color: #051373; font-weight: bold; line-height: inherit;">Net income </font><font style="color: #051373; font-weight: bold; line-height: inherit;">&#8211;</font> Total of R$ 455 million (+66% vs 1Q23), as a result of higher EBITDA and lower net financial expenses. Compared to 4Q23, net income decreased 59%, due to lower EBITDA, higher net financial expenses and extraordinary tax credits registered in 4Q23.</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;"><font style="color: #051373; font-weight: bold; line-height: inherit;">Cash flow from </font><font style="color: #051373; font-weight: bold; line-height: inherit;">operati</font><font style="color: #051373; font-weight: bold; line-height: inherit;">ng activities</font> <font style="color: #051373; font-weight: bold; line-height: inherit;">&#8211;</font> Consumption of R$ 573 million in 1Q24, compared to the consumption of R$ 711 million in 1Q23, mainly due to higher EBITDA and higher draft discount in 1Q24, attenuated by greater working capital at Ipiranga.</font></p>
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<td class="pgno" style="padding: 0px; text-align: center;"><font style="font-size: 10pt;" class="pageno"><font class='pageno'>87</font></font></td>

















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<p style="line-height: 90%; font-size: 10pt; font-family: Calibri, sans-serif;"><font style="font-size: 18.0pt; line-height: 90%; font-family: 'Century Gothic',sans-serif; mso-fareast-font-family: 'Century Gothic'; mso-bidi-font-family: 'Century Gothic'; color: #051473; mso-font-kerning: 12.0pt;"><font style="font-family: 'times new roman', times;">1<sup>ST</sup> QUARTER OF 2024</font><font style="mso-ligatures: none;"></font></font></p>























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<p style="font-size: 10pt; line-height: 108%; margin: 0pt;"><font style="color: #ffffff; font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">Ultragaz</font></p>












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<p style="font-size: 9pt; line-height: 108%; margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><font style="color: #ffffff; font-weight: bold; line-height: inherit;">1</font><font style="color: #ffffff; font-weight: bold; line-height: inherit;">Q</font><font style="color: #ffffff; font-weight: bold; line-height: inherit;">24</font></font></p>












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<td style="background-color: #051373; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 10px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #051273 !important;">
<p style="font-size: 9pt; line-height: 108%; margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><font style="color: #ffffff; font-weight: bold; line-height: inherit;">1</font><font style="color: #ffffff; font-weight: bold; line-height: inherit;">Q</font><font style="color: #ffffff; font-weight: bold; line-height: inherit;">23</font></font></p>












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<td style="background-color: #051373; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 10px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #051273 !important;">
<p style="font-size: 9pt; line-height: 108%; margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><font style="color: #ffffff; font-weight: bold; line-height: inherit;">4</font><font style="color: #ffffff; font-weight: bold; line-height: inherit;">Q</font><font style="color: #ffffff; font-weight: bold; line-height: inherit;">23</font></font></p>












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<td style="background-color: #051373; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 10px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #051273 !important;">
<p style="font-size: 9pt; line-height: 108%; margin: 0pt; text-align: center;"><font style="color: #ffffff; font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">&#916;</font></p>
<p style="font-size: 7pt; line-height: 108%; margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><font style="color: #ffffff; font-weight: bold; line-height: inherit;">1</font><font style="color: #ffffff; font-weight: bold; line-height: inherit;">Q</font><font style="color: #ffffff; font-weight: bold; line-height: inherit;">24 v 1</font><font style="color: #ffffff; font-weight: bold; line-height: inherit;">Q</font><font style="color: #ffffff; font-weight: bold; line-height: inherit;">23</font></font></p>












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<td style="background-color: #051373; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 10px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #051273 !important; border-right-width: 1pt !important; border-right-style: solid !important; border-right-color: #051273 !important;">
<p style="font-size: 9pt; line-height: 108%; margin: 0pt; text-align: center;"><font style="color: #ffffff; font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">&#916;</font></p>
<p style="font-size: 7pt; line-height: 108%; margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><font style="color: #ffffff; font-weight: bold; line-height: inherit;">1</font><font style="color: #ffffff; font-weight: bold; line-height: inherit;">Q</font><font style="color: #ffffff; font-weight: bold; line-height: inherit;">24 v 4</font><font style="color: #ffffff; font-weight: bold; line-height: inherit;">Q</font><font style="color: #ffffff; font-weight: bold; line-height: inherit;">23</font></font></p>












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<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 10px; width: 50%; border-top-width: 1pt !important; border-top-style: solid !important; border-top-color: #051273 !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #bcb9b3 !important;">
<p style="font-size: 9pt; line-height: 108%;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><font style="color: #051373; font-weight: bold; line-height: inherit;">T</font><font style="color: #051373; font-weight: bold; line-height: inherit;">otal</font><font style="color: #051373; font-weight: bold; line-height: inherit;"> volume</font> <font style="color: #051373; font-weight: bold; line-height: inherit;">(</font><font style="color: #051373; font-weight: bold; line-height: inherit;">000</font><font style="color: #051373; font-weight: bold; line-height: inherit;"> ton)</font></font></p>












</td>
<td style="background-color: #cce8ff; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 10px; width: 10%; border-top-width: 1pt !important; border-top-style: solid !important; border-top-color: #051273 !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #bcb9b3 !important;">
<p style="font-size: 9pt; line-height: 108%; margin: 0pt; text-align: center;"><font style="color: #051373; font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">402</font></p>












</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 10px; width: 10%; border-top-width: 1pt !important; border-top-style: solid !important; border-top-color: #051273 !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #bcb9b3 !important;">
<p style="font-size: 9pt; line-height: 108%; margin: 0pt; text-align: center;"><font style="color: #051373; font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">417</font></p>












</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 10px; width: 10%; border-top-width: 1pt !important; border-top-style: solid !important; border-top-color: #051273 !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #bcb9b3 !important;">
<p style="font-size: 9pt; line-height: 108%; margin: 0pt; text-align: center;"><font style="color: #051373; font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">423</font></p>












</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 10px; width: 10%; border-top-width: 1pt !important; border-top-style: solid !important; border-top-color: #051273 !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #bcb9b3 !important;">
<p style="font-size: 9pt; line-height: 108%; margin: 0pt; text-align: center;"><font style="color: #051373; font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">(4%)</font></p>












</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 10px; width: 10%; border-top-width: 1pt !important; border-top-style: solid !important; border-top-color: #051273 !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #bcb9b3 !important;">
<p style="font-size: 9pt; line-height: 108%; margin: 0pt; text-align: center;"><font style="color: #051373; font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">(5%)</font></p>












</td>












</tr>
<tr style="height: 10px;">
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 10px; border-top-width: 1pt !important; border-top-style: solid !important; border-top-color: #bcb9b3 !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #bcb9b3 !important;">
<p style="font-size: 9pt; line-height: 108%; margin: 0pt 0pt 0pt 8.65pt;"><font style="color: #262626; font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Bottled</font></p>












</td>
<td style="background-color: #cce8ff; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 10px; border-top-width: 1pt !important; border-top-style: solid !important; border-top-color: #bcb9b3 !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #bcb9b3 !important;">
<p style="font-size: 9pt; line-height: 108%; margin: 0pt; text-align: center;"><font style="color: #262626; font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">253</font></p>












</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 10px; border-top-width: 1pt !important; border-top-style: solid !important; border-top-color: #bcb9b3 !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #bcb9b3 !important;">
<p style="font-size: 9pt; line-height: 108%; margin: 0pt; text-align: center;"><font style="color: #262626; font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">269</font></p>












</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 10px; border-top-width: 1pt !important; border-top-style: solid !important; border-top-color: #bcb9b3 !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #bcb9b3 !important;">
<p style="font-size: 9pt; line-height: 108%; margin: 0pt; text-align: center;"><font style="color: #262626; font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">275</font></p>












</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 10px; border-top-width: 1pt !important; border-top-style: solid !important; border-top-color: #bcb9b3 !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #bcb9b3 !important;">
<p style="font-size: 9pt; line-height: 108%; margin: 0pt; text-align: center;"><font style="color: #262626; font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">(6%)</font></p>












</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 10px; border-top-width: 1pt !important; border-top-style: solid !important; border-top-color: #bcb9b3 !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #bcb9b3 !important;">
<p style="font-size: 9pt; line-height: 108%; margin: 0pt; text-align: center;"><font style="color: #262626; font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">(8%)</font></p>












</td>












</tr>
<tr style="height: 10px;">
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 10px; border-top-width: 1pt !important; border-top-style: solid !important; border-top-color: #bcb9b3 !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #008fff !important;">
<p style="font-size: 9pt; line-height: 108%; margin: 0pt 0pt 0pt 8.65pt;"><font style="color: #262626; font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Bulk</font></p>












</td>
<td style="background-color: #cce8ff; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 10px; border-top-width: 1pt !important; border-top-style: solid !important; border-top-color: #bcb9b3 !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #008fff !important;">
<p style="font-size: 9pt; line-height: 108%; margin: 0pt; text-align: center;"><font style="color: #262626; font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">149</font></p>












</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 10px; border-top-width: 1pt !important; border-top-style: solid !important; border-top-color: #bcb9b3 !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #008fff !important;">
<p style="font-size: 9pt; line-height: 108%; margin: 0pt; text-align: center;"><font style="color: #262626; font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">148</font></p>












</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 10px; border-top-width: 1pt !important; border-top-style: solid !important; border-top-color: #bcb9b3 !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #008fff !important;">
<p style="font-size: 9pt; line-height: 108%; margin: 0pt; text-align: center;"><font style="color: #262626; font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">148</font></p>












</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 10px; border-top-width: 1pt !important; border-top-style: solid !important; border-top-color: #bcb9b3 !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #008fff !important;">
<p style="font-size: 9pt; line-height: 108%; margin: 0pt; text-align: center;"><font style="color: #262626; font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">0%</font></p>












</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 10px; border-top-width: 1pt !important; border-top-style: solid !important; border-top-color: #bcb9b3 !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #008fff !important;">
<p style="font-size: 9pt; line-height: 108%; margin: 0pt; text-align: center;"><font style="color: #262626; font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">0%</font></p>












</td>












</tr>
<tr style="height: 10px;">
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 10px; border-top-width: 1pt !important; border-top-style: solid !important; border-top-color: #008fff !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #008fff !important; border-left-width: 1pt !important; border-left-style: solid !important; border-left-color: #008fff !important;">
<p style="font-size: 9pt; line-height: 108%; margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><font style="color: #008fff; font-weight: bold; line-height: inherit;">Adjusted </font><font style="color: #008fff; font-weight: bold; line-height: inherit;">EBITDA </font><font style="color: #008fff; font-weight: bold; line-height: inherit;">(R$ mi</font><font style="color: #008fff; font-weight: bold; line-height: inherit;">llion</font><font style="color: #008fff; font-weight: bold; line-height: inherit;">)</font></font></p>












</td>
<td style="background-color: #cce8ff; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 10px; border-top-width: 1pt !important; border-top-style: solid !important; border-top-color: #008fff !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #008fff !important;">
<p style="font-size: 9pt; line-height: 108%; margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><font style="color: #008fff; font-weight: bold; line-height: inherit;">40</font><font style="color: #008fff; font-weight: bold; line-height: inherit;">1</font></font></p>












</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 10px; border-top-width: 1pt !important; border-top-style: solid !important; border-top-color: #008fff !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #008fff !important;">
<p style="font-size: 9pt; line-height: 108%; margin: 0pt; text-align: center;"><font style="color: #008fff; font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">384</font></p>












</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 10px; border-top-width: 1pt !important; border-top-style: solid !important; border-top-color: #008fff !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #008fff !important;">
<p style="font-size: 9pt; line-height: 108%; margin: 0pt; text-align: center;"><font style="color: #008fff; font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">406</font></p>












</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 10px; border-top-width: 1pt !important; border-top-style: solid !important; border-top-color: #008fff !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #008fff !important;">
<p style="font-size: 9pt; line-height: 108%; margin: 0pt; text-align: center;"><font style="color: #008fff; font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">4%</font></p>












</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 10px; border-top-width: 1pt !important; border-top-style: solid !important; border-top-color: #008fff !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #008fff !important; border-right-width: 1pt !important; border-right-style: solid !important; border-right-color: #008fff !important;">
<p style="font-size: 9pt; line-height: 108%; margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><font style="color: #008fff; font-weight: bold; line-height: inherit;">(</font><font style="color: #008fff; font-weight: bold; line-height: inherit;">1</font><font style="color: #008fff; font-weight: bold; line-height: inherit;">%)</font></font></p>












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</tr>
<tr style="height: 15px;">
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 15px; border-top-width: 1pt !important; border-top-style: solid !important; border-top-color: #008fff !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #008fff !important;">
<p style="font-size: 9pt; line-height: 108%; margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><font style="color: #262626; font-style: italic; line-height: inherit;">Adjusted</font><font style="color: #262626; font-style: italic; line-height: inherit;"> EBITDA </font><font style="color: #262626; font-style: italic; line-height: inherit;">margin</font> <font style="color: #262626; font-style: italic; line-height: inherit;">(R$/ton)</font></font></p>












</td>
<td style="background-color: #cce8ff; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 15px; border-top-width: 1pt !important; border-top-style: solid !important; border-top-color: #008fff !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #008fff !important;">
<p style="font-size: 9pt; line-height: 108%; margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><font style="color: #262626; font-style: italic; line-height: inherit;">99</font><font style="color: #262626; font-style: italic; line-height: inherit;">7</font></font></p>












</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 15px; border-top-width: 1pt !important; border-top-style: solid !important; border-top-color: #008fff !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #008fff !important;">
<p style="font-size: 9pt; line-height: 108%; margin: 0pt; text-align: center;"><font style="color: #262626; font-family: 'times new roman', times; font-size: 10pt; font-style: italic; line-height: inherit;">922</font></p>












</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 15px; border-top-width: 1pt !important; border-top-style: solid !important; border-top-color: #008fff !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #008fff !important;">
<p style="font-size: 9pt; line-height: 108%; margin: 0pt; text-align: center;"><font style="color: #262626; font-family: 'times new roman', times; font-size: 10pt; font-style: italic; line-height: inherit;">960</font></p>












</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 15px; border-top-width: 1pt !important; border-top-style: solid !important; border-top-color: #008fff !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #008fff !important;">
<p style="font-size: 9pt; line-height: 108%; margin: 0pt; text-align: center;"><font style="color: #262626; font-family: 'times new roman', times; font-size: 10pt; font-style: italic; line-height: inherit;">8%</font></p>












</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 15px; border-top-width: 1pt !important; border-top-style: solid !important; border-top-color: #008fff !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #008fff !important;">
<p style="font-size: 9pt; line-height: 108%; margin: 0pt; text-align: center;"><font style="color: #262626; font-family: 'times new roman', times; font-size: 10pt; font-style: italic; line-height: inherit;">4%</font></p>












</td>












</tr>
<tr style="height: 15px;">
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 15px; border-top-width: 1pt !important; border-top-style: solid !important; border-bottom-width: 1px; border-bottom-style: solid; border-left-width: 1pt !important; border-left-style: solid !important; border-top-color: #008fff !important; border-bottom-color: #008fff !important; border-left-color: #008fff !important;">
<p style="font-size: 9pt; line-height: 108%; margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><font style="color: #008fff; font-weight: bold; line-height: inherit;">Recurring Adjusted LTM </font><font style="color: #008fff; font-weight: bold; line-height: inherit;">EBITDA&#185; </font><font style="color: #008fff; font-weight: bold; line-height: inherit;">(R$ mi</font><font style="color: #008fff; font-weight: bold; line-height: inherit;">llion</font><font style="color: #008fff; font-weight: bold; line-height: inherit;">)</font></font></p>












</td>
<td style="background-color: #cce8ff; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 15px; border-top-width: 1pt !important; border-top-style: solid !important; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #008fff !important; border-bottom-color: #008fff !important;">
<p style="font-size: 9pt; line-height: 108%; margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><font style="color: #008fff; font-weight: bold; line-height: inherit;">1</font><font style="color: #008fff; font-weight: bold; line-height: inherit;">,</font><font style="color: #008fff; font-weight: bold; line-height: inherit;">66</font><font style="color: #008fff; font-weight: bold; line-height: inherit;">5</font></font></p>












</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 15px; border-top-width: 1pt !important; border-top-style: solid !important; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #008fff !important; border-bottom-color: #008fff !important;">
<p style="font-size: 9pt; line-height: 108%; margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><font style="color: #008fff; font-weight: bold; line-height: inherit;">1</font><font style="color: #008fff; font-weight: bold; line-height: inherit;">,</font><font style="color: #008fff; font-weight: bold; line-height: inherit;">343</font></font></p>












</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 15px; border-top-width: 1pt !important; border-top-style: solid !important; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #008fff !important; border-bottom-color: #008fff !important;">
<p style="font-size: 9pt; line-height: 108%; margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><font style="color: #008fff; font-weight: bold; line-height: inherit;">1</font><font style="color: #008fff; font-weight: bold; line-height: inherit;">,</font><font style="color: #008fff; font-weight: bold; line-height: inherit;">648</font></font></p>












</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 15px; border-top-width: 1pt !important; border-top-style: solid !important; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #008fff !important; border-bottom-color: #008fff !important;">
<p style="font-size: 9pt; line-height: 108%; margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><font style="color: #008fff; font-weight: bold; line-height: inherit;">24</font><font style="color: #008fff; font-weight: bold; line-height: inherit;">%</font></font></p>












</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 15px; border-top-width: 1pt !important; border-top-style: solid !important; border-bottom-width: 1px; border-bottom-style: solid; border-right-width: 1pt !important; border-right-style: solid !important; border-top-color: #008fff !important; border-bottom-color: #008fff !important; border-right-color: #008fff !important;">
<p style="font-size: 9pt; line-height: 108%; margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><font style="color: #008fff; font-weight: bold; line-height: inherit;">1</font><font style="color: #008fff; font-weight: bold; line-height: inherit;">%</font></font></p>












</td>












</tr>
<tr style="height: 10px;">
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 10px; border-top-width: 1pt !important; border-top-style: solid !important; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #008fff !important; border-bottom-color: #051373 !important;">
<p style="font-size: 9pt; line-height: 108%; margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><font style="color: #262626; font-style: italic; line-height: inherit;">Recurring Adjusted LTM</font><font style="color: #262626; font-style: italic; line-height: inherit;"> EBITDA</font><font style="color: #262626; font-style: italic; line-height: inherit;"> margin</font><font style="color: #262626; font-style: italic; line-height: inherit;">&#185; </font><font style="color: #262626; font-style: italic; line-height: inherit;">(R$/ton)</font></font></p>












</td>
<td style="background-color: #cce8ff; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 10px; border-top-width: 1pt !important; border-top-style: solid !important; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #008fff !important; border-bottom-color: #051373 !important;">
<p style="font-size: 9pt; line-height: 108%; margin: 0pt; text-align: center;"><font style="color: #262626; font-family: 'times new roman', times; font-size: 10pt; font-style: italic; line-height: inherit;">966</font></p>












</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 10px; border-top-width: 1pt !important; border-top-style: solid !important; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #008fff !important; border-bottom-color: #051373 !important;">
<p style="font-size: 9pt; line-height: 108%; margin: 0pt; text-align: center;"><font style="color: #262626; font-family: 'times new roman', times; font-size: 10pt; font-style: italic; line-height: inherit;">779</font></p>












</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 10px; border-top-width: 1pt !important; border-top-style: solid !important; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #008fff !important; border-bottom-color: #051373 !important;">
<p style="font-size: 9pt; line-height: 108%; margin: 0pt; text-align: center;"><font style="color: #262626; font-family: 'times new roman', times; font-size: 10pt; font-style: italic; line-height: inherit;">948</font></p>












</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 10px; border-top-width: 1pt !important; border-top-style: solid !important; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #008fff !important; border-bottom-color: #051373 !important;">
<p style="font-size: 9pt; line-height: 108%; margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><font style="color: #262626; font-style: italic; line-height: inherit;">24</font><font style="color: #262626; font-style: italic; line-height: inherit;">%</font></font></p>












</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 10px; border-top-width: 1pt !important; border-top-style: solid !important; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #008fff !important; border-bottom-color: #051373 !important;">
<p style="font-size: 9pt; line-height: 108%; margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><font style="color: #262626; font-style: italic; line-height: inherit;">2</font><font style="color: #262626; font-style: italic; line-height: inherit;">%</font></font></p>












</td>












</tr>

























</table>
<p style="font-size: 7pt; line-height: 1.2; margin: 3pt 0pt 0pt; text-align: justify;"><br></p>
<p style="font-size: 7pt; line-height: 1.2; margin: 3pt 0pt 0pt; text-align: justify;"><br></p>
<p style="font-size: 7pt; line-height: 1.2; margin: 3pt 0pt 0pt; text-align: justify;"><br></p>
<p style="font-size: 7pt; line-height: 1.2; margin: 3pt 0pt 0pt; text-align: justify;"><br></p>
<p style="font-size: 7pt; line-height: 1.2; margin: 3pt 0pt 0pt; text-align: justify;"><br></p>
<p style="font-size: 7pt; line-height: 1.2; margin: 3pt 0pt 0pt; text-align: justify;"><br></p>
<p style="font-size: 7pt; line-height: 1.2; margin: 3pt 0pt 0pt; text-align: justify;"><br></p>
<p style="font-size: 7pt; line-height: 1.2; margin: 6pt 0pt 0pt; text-align: justify; text-indent: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><font style="font-style: italic; line-height: inherit;"><font style="font-size: 8pt;"><sup>1&nbsp;</sup>Does not consider R$ 333 million </font></font><font style="font-size: 8pt;"><font style="font-style: italic; line-height: inherit;">of</font><font style="font-style: italic; line-height: inherit;"> extraordinary tax credits in 4Q22</font></font></font></p>
<p style="font-size: 7pt; line-height: 1.2; margin: 0pt; text-align: justify;"><font style="color: #051273; font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">&nbsp;</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;"><font style="color: #051373; font-weight: bold; line-height: inherit;">Operational performance &#8211; </font>The volume sold by Ultragaz in 1Q24 decreased 4% compared to 1Q23, as a result of a 6% reduction in the bottled, due to lower market demand and the more competitive environment after the pass-through of tax increase in some segments, while the bulk segment remained stable. Compared to 4Q23, the volume sold was 5% lower, reflecting the typical seasonality between periods.</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;"><font style="color: #051373; font-weight: bold; line-height: inherit;">Net revenues</font><font style="color: #051373; font-weight: bold; line-height: inherit;"> &#8211; </font>Total of R$ 2,500 million (-5% vs 1Q23), as a result of lower sales volume and the pass-through of LPG cost reductions. Compared to 4Q23, net revenues decreased 2%, mainly due to lower sales volume.</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;"><font style="color: #051373; font-weight: bold; line-height: inherit;">Cost of goods sold</font><font style="color: #051373; font-weight: bold; line-height: inherit;"> &#8211; </font>Total of R$ 1,985 million (-7% vs 1Q23), due to LPG cost reductions and lower sales volume, attenuated by higher costs with freight (due to the need to source LPG from more distant supply bases) and greater requalification of bottles. Compared to 4Q23, the cost of goods sold decreased 2%, mainly due to lower sales volume, despite the higher tax burden resulting from the removal of PIS and Cofins tax relief and the increase in single-phase ICMS. </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;"><font style="color: #051373; font-weight: bold; line-height: inherit;">Sales, general and administrative expenses &#8211; </font>Total of R$ 211 million (-1% vs 1Q23), due to initiatives to increase operational efficiency and lower sales commission expenses, attenuated by higher personnel expenses (mainly collective bargaining agreement). Compared to 4Q23, sales, general and administrative expenses decreased 10%, as a result of lower expenses with sales commission, personnel, marketing and freight, in line with lower sales volume. </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;"><font style="color: #051373; font-weight: bold; line-height: inherit;">Adjusted </font><font style="color: #051373; font-weight: bold; line-height: inherit;">EBITDA &#8211;</font> Total of R$ 401 million (+4% vs 1Q23), due to initiatives to increase efficiency and productivity, better sales mix, and inflation pass-through, attenuated by lower sales volume. Compared to 4Q23, Adjusted EBITDA decreased 1%, resulting from lower sales volume, partially offset by lower expenses and better sales mix. </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;"><font style="color: #051373; font-weight: bold; line-height: inherit;">Investments &#8211;</font> R$ 92 million were invested this quarter, directed mainly towards equipment installed in new customers in the bulk segment, acquisition and replacement of bottles, expansion into new energy solutions and maintenance of existing operations.</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'>88</font></font></td>
















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<p style="line-height: 90%; font-size: 10pt; font-family: Calibri, sans-serif;"><font style="font-size: 18.0pt; line-height: 90%; font-family: 'Century Gothic',sans-serif; mso-fareast-font-family: 'Century Gothic'; mso-bidi-font-family: 'Century Gothic'; color: #051473; mso-font-kerning: 12.0pt;"><font style="font-family: 'times new roman', times;">1<sup>ST</sup> QUARTER OF 2024</font><font style="mso-ligatures: none;"></font></font></p>























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<p style="font-size: 7pt; line-height: 1.2; margin: 0pt; text-align: justify;"><font style="color: #051273; font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>
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<td style="background-color: #051373; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 10px; border-left-width: 1pt !important; border-left-style: solid !important; border-left-color: #051273 !important;">
<p style="font-size: 10pt; line-height: 108%; margin: 0pt;"><font style="color: #ffffff; font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">Ultracargo</font></p>





















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<td style="background-color: #051373; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 10px;">
<p style="font-size: 9pt; line-height: 108%; margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><font style="color: #ffffff; font-weight: bold; line-height: inherit;">1</font><font style="color: #ffffff; font-weight: bold; line-height: inherit;">Q</font><font style="color: #ffffff; font-weight: bold; line-height: inherit;">24</font></font></p>





















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<td style="background-color: #051373; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 10px;">
<p style="font-size: 9pt; line-height: 108%; margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><font style="color: #ffffff; font-weight: bold; line-height: inherit;">1</font><font style="color: #ffffff; font-weight: bold; line-height: inherit;">Q</font><font style="color: #ffffff; font-weight: bold; line-height: inherit;">23</font></font></p>





















</td>
<td style="background-color: #051373; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 10px;">
<p style="font-size: 9pt; line-height: 108%; margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><font style="color: #ffffff; font-weight: bold; line-height: inherit;">4</font><font style="color: #ffffff; font-weight: bold; line-height: inherit;">Q</font><font style="color: #ffffff; font-weight: bold; line-height: inherit;">23</font></font></p>





















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<td style="background-color: #051373; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 10px;">
<p style="font-size: 9pt; line-height: 108%; margin: 0pt; text-align: center;"><font style="color: #ffffff; font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">&#916;</font></p>
<p style="font-size: 7pt; line-height: 108%; margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><font style="color: #ffffff; font-weight: bold; line-height: inherit;">1</font><font style="color: #ffffff; font-weight: bold; line-height: inherit;">Q</font><font style="color: #ffffff; font-weight: bold; line-height: inherit;">24 v 1</font><font style="color: #ffffff; font-weight: bold; line-height: inherit;">Q</font><font style="color: #ffffff; font-weight: bold; line-height: inherit;">23</font></font></p>





















</td>
<td style="background-color: #051373; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 10px;">
<p style="font-size: 9pt; line-height: 108%; margin: 0pt; text-align: center;"><font style="color: #ffffff; font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">&#916;</font></p>
<p style="font-size: 7pt; line-height: 108%; margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><font style="color: #ffffff; font-weight: bold; line-height: inherit;">1</font><font style="color: #ffffff; font-weight: bold; line-height: inherit;">Q</font><font style="color: #ffffff; font-weight: bold; line-height: inherit;">24 v 4</font><font style="color: #ffffff; font-weight: bold; line-height: inherit;">Q</font><font style="color: #ffffff; font-weight: bold; line-height: inherit;">23</font></font></p>





















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<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 13px; width: 50%; border-top-width: 1pt !important; border-top-style: solid !important; border-top-color: #051273 !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #bcb9b3 !important;">
<p style="font-size: 9pt; line-height: 108%; margin: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><font style="color: #262626; line-height: inherit;">Installed capacity</font><font style="color: #262626; line-height: inherit;">&#185; </font><font style="color: #262626; line-height: inherit;">(</font><font style="color: #262626; line-height: inherit;">000</font><font style="color: #262626; line-height: inherit;"> m&#179;)</font></font></p>





















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<td style="background-color: #cce8ff; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 13px; width: 10%; border-top-width: 1pt !important; border-top-style: solid !important; border-top-color: #051273 !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #bcb9b3 !important;">
<p style="font-size: 9pt; line-height: 108%; margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><font style="color: #262626; line-height: inherit;">1</font><font style="color: #262626; line-height: inherit;">,</font><font style="color: #262626; line-height: inherit;">067</font></font></p>





















</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 13px; width: 10%; border-top-width: 1pt !important; border-top-style: solid !important; border-top-color: #051273 !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #bcb9b3 !important;">
<p style="font-size: 9pt; line-height: 108%; margin: 0pt; text-align: center;"><font style="color: #262626; font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">955</font></p>





















</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 13px; width: 10%; border-top-width: 1pt !important; border-top-style: solid !important; border-top-color: #051273 !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #bcb9b3 !important;">
<p style="font-size: 9pt; line-height: 108%; margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><font style="color: #262626; line-height: inherit;">1</font><font style="color: #262626; line-height: inherit;">,</font><font style="color: #262626; line-height: inherit;">0</font><font style="color: #262626; line-height: inherit;">67</font></font></p>





















</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 13px; width: 10%; border-top-width: 1pt !important; border-top-style: solid !important; border-top-color: #051273 !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #bcb9b3 !important;">
<p style="font-size: 9pt; line-height: 108%; margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><font style="color: #262626; line-height: inherit;">12</font><font style="color: #262626; line-height: inherit;">%</font></font></p>





















</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 13px; width: 10%; border-top-width: 1pt !important; border-top-style: solid !important; border-top-color: #051273 !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #bcb9b3 !important;">
<p style="font-size: 9pt; line-height: 108%; margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><font style="color: #262626; line-height: inherit;">0</font><font style="color: #262626; line-height: inherit;">%</font></font></p>





















</td>





















</tr>
<tr style="height: 13px;">
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 13px; border-top-width: 1pt !important; border-top-style: solid !important; border-top-color: #bcb9b3 !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #008fff !important;">
<p style="font-size: 9pt; line-height: 108%; margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><font style="color: #262626; line-height: inherit;">m&#179; </font><font style="color: #262626; line-height: inherit;">sold</font> <font style="color: #262626; line-height: inherit;">(</font><font style="color: #262626; line-height: inherit;">000</font><font style="color: #262626; line-height: inherit;"> m&#179;)</font></font></p>





















</td>
<td style="background-color: #cce8ff; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 13px; border-top-width: 1pt !important; border-top-style: solid !important; border-top-color: #bcb9b3 !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #008fff !important;">
<p style="font-size: 9pt; line-height: 108%; margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><font style="color: #262626; line-height: inherit;">4</font><font style="color: #262626; line-height: inherit;">,</font><font style="color: #262626; line-height: inherit;">196</font></font></p>





















</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 13px; border-top-width: 1pt !important; border-top-style: solid !important; border-top-color: #bcb9b3 !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #008fff !important;">
<p style="font-size: 9pt; line-height: 108%; margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><font style="color: #262626; line-height: inherit;">3</font><font style="color: #262626; line-height: inherit;">,</font><font style="color: #262626; line-height: inherit;">460</font></font></p>





















</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 13px; border-top-width: 1pt !important; border-top-style: solid !important; border-top-color: #bcb9b3 !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #008fff !important;">
<p style="font-size: 9pt; line-height: 108%; margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><font style="color: #262626; line-height: inherit;">4</font><font style="color: #262626; line-height: inherit;">,</font><font style="color: #262626; line-height: inherit;">276</font></font></p>





















</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 13px; border-top-width: 1pt !important; border-top-style: solid !important; border-top-color: #bcb9b3 !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #008fff !important;">
<p style="font-size: 9pt; line-height: 108%; margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><font style="color: #262626; line-height: inherit;">21</font><font style="color: #262626; line-height: inherit;">%</font></font></p>





















</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 13px; border-top-width: 1pt !important; border-top-style: solid !important; border-top-color: #bcb9b3 !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #008fff !important;">
<p style="font-size: 9pt; line-height: 108%; margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><font style="color: #262626; line-height: inherit;">(2</font><font style="color: #262626; line-height: inherit;">%</font><font style="color: #262626; line-height: inherit;">)</font></font></p>





















</td>





















</tr>
<tr style="height: 13px;">
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 13px; border-top-width: 1pt !important; border-top-style: solid !important; border-top-color: #008fff !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #008fff !important; border-left-width: 1pt !important; border-left-style: solid !important; border-left-color: #008fff !important;">
<p style="font-size: 9pt; line-height: 108%; margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><font style="color: #008fff; font-weight: bold; line-height: inherit;">Adjusted </font><font style="color: #008fff; font-weight: bold; line-height: inherit;">EBITDA </font><font style="color: #008fff; font-weight: bold; line-height: inherit;">(R$ mi</font><font style="color: #008fff; font-weight: bold; line-height: inherit;">llion</font><font style="color: #008fff; font-weight: bold; line-height: inherit;">)</font></font></p>





















</td>
<td style="background-color: #cce8ff; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 13px; border-top-width: 1pt !important; border-top-style: solid !important; border-top-color: #008fff !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #008fff !important;">
<p style="font-size: 9pt; line-height: 108%; margin: 0pt; text-align: center;"><font style="color: #008fff; font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">165</font></p>





















</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 13px; border-top-width: 1pt !important; border-top-style: solid !important; border-top-color: #008fff !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #008fff !important;">
<p style="font-size: 9pt; line-height: 108%; margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><font style="color: #008fff; font-weight: bold; line-height: inherit;">1</font><font style="color: #008fff; font-weight: bold; line-height: inherit;">42</font></font></p>





















</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 13px; border-top-width: 1pt !important; border-top-style: solid !important; border-top-color: #008fff !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #008fff !important;">
<p style="font-size: 9pt; line-height: 108%; margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><font style="color: #008fff; font-weight: bold; line-height: inherit;">1</font><font style="color: #008fff; font-weight: bold; line-height: inherit;">55</font></font></p>





















</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 13px; border-top-width: 1pt !important; border-top-style: solid !important; border-top-color: #008fff !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #008fff !important;">
<p style="font-size: 9pt; line-height: 108%; margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><font style="color: #008fff; font-weight: bold; line-height: inherit;">16</font><font style="color: #008fff; font-weight: bold; line-height: inherit;">%</font></font></p>





















</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 13px; border-top-width: 1pt !important; border-top-style: solid !important; border-top-color: #008fff !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #008fff !important; border-right-width: 1pt !important; border-right-style: solid !important; border-right-color: #008fff !important;">
<p style="font-size: 9pt; line-height: 108%; margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><font style="color: #008fff; font-weight: bold; line-height: inherit;">7</font><font style="color: #008fff; font-weight: bold; line-height: inherit;">%</font></font></p>





















</td>





















</tr>
<tr style="height: 13px;">
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 13px; border-top-width: 1pt !important; border-top-style: solid !important; border-top-color: #008fff !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #008fff !important;">
<p style="font-size: 9pt; line-height: 108%; margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><font style="color: #262626; font-style: italic; line-height: inherit;">Adjusted </font><font style="color: #262626; font-style: italic; line-height: inherit;">EBITDA </font><font style="color: #262626; font-style: italic; line-height: inherit;">margin</font> <font style="color: #262626; font-style: italic; line-height: inherit;">(%)</font></font></p>





















</td>
<td style="background-color: #cce8ff; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 13px; border-top-width: 1pt !important; border-top-style: solid !important; border-top-color: #008fff !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #008fff !important;">
<p style="font-size: 9pt; line-height: 108%; margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><font style="color: #262626; font-style: italic; line-height: inherit;">63</font><font style="color: #262626; font-style: italic; line-height: inherit;">%</font></font></p>





















</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 13px; border-top-width: 1pt !important; border-top-style: solid !important; border-top-color: #008fff !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #008fff !important;">
<p style="font-size: 9pt; line-height: 108%; margin: 0pt; text-align: center;"><font style="color: #262626; font-family: 'times new roman', times; font-size: 10pt; font-style: italic; line-height: inherit;">60%</font></p>





















</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 13px; border-top-width: 1pt !important; border-top-style: solid !important; border-top-color: #008fff !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #008fff !important;">
<p style="font-size: 9pt; line-height: 108%; margin: 0pt; text-align: center;"><font style="color: #262626; font-family: 'times new roman', times; font-size: 10pt; font-style: italic; line-height: inherit;">60%</font></p>





















</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 13px; border-top-width: 1pt !important; border-top-style: solid !important; border-top-color: #008fff !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #008fff !important;">
<p style="font-size: 9pt; line-height: 108%; margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><font style="color: #262626; font-style: italic; line-height: inherit;">3</font><font style="color: #262626; font-style: italic; line-height: inherit;"> p.p.</font></font></p>





















</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 13px; border-top-width: 1pt !important; border-top-style: solid !important; border-top-color: #008fff !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #008fff !important;">
<p style="font-size: 9pt; line-height: 108%; margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><font style="color: #262626; font-style: italic; line-height: inherit;">3</font><font style="color: #262626; font-style: italic; line-height: inherit;"> p.p.</font></font></p>





















</td>





















</tr>
<tr style="height: 13px;">
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 13px; border-top-width: 1pt !important; border-top-style: solid !important; border-top-color: #008fff !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #008fff !important; border-left-width: 1pt !important; border-left-style: solid !important; border-left-color: #008fff !important;">
<p style="font-size: 9pt; line-height: 108%; margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><font style="color: #008fff; font-weight: bold; line-height: inherit;">Adjusted LTM </font><font style="color: #008fff; font-weight: bold; line-height: inherit;">EBITDA </font><font style="color: #008fff; font-weight: bold; line-height: inherit;">(R$ </font><font style="color: #008fff; font-weight: bold; line-height: inherit;">million</font><font style="color: #008fff; font-weight: bold; line-height: inherit;">)</font></font></p>





















</td>
<td style="background-color: #cce8ff; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 13px; border-top-width: 1pt !important; border-top-style: solid !important; border-top-color: #008fff !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #008fff !important;">
<p style="font-size: 9pt; line-height: 108%; margin: 0pt; text-align: center;"><font style="color: #008fff; font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">654</font></p>





















</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 13px; border-top-width: 1pt !important; border-top-style: solid !important; border-top-color: #008fff !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #008fff !important;">
<p style="font-size: 9pt; line-height: 108%; margin: 0pt; text-align: center;"><font style="color: #008fff; font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">538</font></p>





















</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 13px; border-top-width: 1pt !important; border-top-style: solid !important; border-top-color: #008fff !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #008fff !important;">
<p style="font-size: 9pt; line-height: 108%; margin: 0pt; text-align: center;"><font style="color: #008fff; font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">631</font></p>





















</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 13px; border-top-width: 1pt !important; border-top-style: solid !important; border-top-color: #008fff !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #008fff !important;">
<p style="font-size: 9pt; line-height: 108%; margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><font style="color: #008fff; font-weight: bold; line-height: inherit;">21</font><font style="color: #008fff; font-weight: bold; line-height: inherit;">%</font></font></p>





















</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 13px; border-top-width: 1pt !important; border-top-style: solid !important; border-top-color: #008fff !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #008fff !important; border-right-width: 1pt !important; border-right-style: solid !important; border-right-color: #008fff !important;">
<p style="font-size: 9pt; line-height: 108%; margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><font style="color: #008fff; font-weight: bold; line-height: inherit;">4</font><font style="color: #008fff; font-weight: bold; line-height: inherit;">%</font></font></p>





















</td>





















</tr>
<tr style="height: 13px;">
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 13px; border-top-width: 1pt !important; border-top-style: solid !important; border-top-color: #008fff !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #051373 !important;">
<p style="font-size: 9pt; line-height: 108%; margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><font style="color: #262626; font-style: italic; line-height: inherit;">Adjusted LTM </font><font style="color: #262626; font-style: italic; line-height: inherit;">EBITDA</font><font style="color: #262626; font-style: italic; line-height: inherit;"> margin</font> <font style="color: #262626; font-style: italic; line-height: inherit;">(%)</font></font></p>





















</td>
<td style="background-color: #cce8ff; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 13px; border-top-width: 1pt !important; border-top-style: solid !important; border-top-color: #008fff !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #051373 !important;">
<p style="font-size: 9pt; line-height: 108%; margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><font style="color: #262626; font-style: italic; line-height: inherit;">63</font><font style="color: #262626; font-style: italic; line-height: inherit;">%</font></font></p>





















</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 13px; border-top-width: 1pt !important; border-top-style: solid !important; border-top-color: #008fff !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #051373 !important;">
<p style="font-size: 9pt; line-height: 108%; margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><font style="color: #262626; font-style: italic; line-height: inherit;">59</font><font style="color: #262626; font-style: italic; line-height: inherit;">%</font></font></p>





















</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 13px; border-top-width: 1pt !important; border-top-style: solid !important; border-top-color: #008fff !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #051373 !important;">
<p style="font-size: 9pt; line-height: 108%; margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><font style="color: #262626; font-style: italic; line-height: inherit;">6</font><font style="color: #262626; font-style: italic; line-height: inherit;">2</font><font style="color: #262626; font-style: italic; line-height: inherit;">%</font></font></p>





















</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 13px; border-top-width: 1pt !important; border-top-style: solid !important; border-top-color: #008fff !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #051373 !important;">
<p style="font-size: 9pt; line-height: 108%; margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><font style="color: #262626; font-style: italic; line-height: inherit;">3</font><font style="color: #262626; font-style: italic; line-height: inherit;"> p.p.</font></font></p>





















</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 13px; border-top-width: 1pt !important; border-top-style: solid !important; border-top-color: #008fff !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #051373 !important;">
<p style="font-size: 9pt; line-height: 108%; margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><font style="color: #262626; font-style: italic; line-height: inherit;">1</font><font style="color: #262626; font-style: italic; line-height: inherit;"> p.p.</font></font></p>





















</td>





















</tr>











































</table>



















<font style="font-size: 10pt; text-align: justify; font-style: italic; line-height: inherit;"><font style="font-size: 8pt;"><sup></sup></font></font></div>
<div style="font-family: 'times new roman', times; font-size: 10pt; margin: 6pt 0pt 0pt; text-indent: 0pt;"><font style="font-size: 10pt; text-align: justify; font-style: italic; line-height: inherit;"><font style="font-size: 8pt;"><sup></sup></font></font><br></div>
<div style="font-family: 'times new roman', times; font-size: 10pt; margin: 0px; text-indent: 0px;"><br></div>
<div style="font-family: 'times new roman', times; font-size: 10pt; margin: 0px; text-indent: 0px;"><font style="color: #051273; font-size: 10pt; font-style: italic; text-align: justify; text-indent: 0pt;"><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: 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; text-align: justify; font-style: italic; line-height: inherit;"><font style="font-size: 8pt;"><sup></sup></font></font></font><br></div>
<div style="font-family: 'times new roman', times; font-size: 10pt; margin: 0px; text-indent: 0px;"><font style="color: #051273; font-size: 10pt; font-style: italic; text-align: justify; text-indent: 0pt;"><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: 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; text-align: justify; font-style: italic; line-height: inherit;"><font style="font-size: 8pt;"><sup></sup></font></font></font><br></div>
<div style="font-family: 'times new roman', times; font-size: 10pt; margin: 0px; text-indent: 0px;"><font style="color: #051273; font-size: 10pt; font-style: italic; text-align: justify; text-indent: 0pt;"><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: 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; text-align: justify; font-style: italic; line-height: inherit;"><font style="font-size: 8pt;"><sup></sup></font></font></font><br></div>
<div style="font-family: 'times new roman', times; font-size: 10pt; margin: 0px; text-indent: 0px; margin-top: 6pt;"><font style="color: #051273; font-size: 10pt; font-style: italic; text-align: justify; text-indent: 0pt; margin-top: 10pt;"><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: 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; text-align: justify; font-style: italic; line-height: inherit;"><font style="font-size: 8pt;"><sup>1</sup></font> <font style="font-size: 8pt;">M</font></font><font style="color: #000000; font-family: 'times new roman', times; font-size: 8pt; 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; text-align: justify; font-style: italic; line-height: inherit;">onthly&nbsp;average</font></font></div>
<div style="font-family: 'times new roman', times; font-size: 10pt; margin: 6pt 0pt 0pt; text-indent: 0pt;">
<p style="font-size: 10pt; line-height: 1.2; margin: 0pt 0pt 10pt; text-align: justify; text-indent: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><font style="color: #051373; font-weight: bold; line-height: inherit;">Operational performance </font><font style="color: #051373; font-weight: bold; line-height: inherit;">&#8211;</font> Ultracargo&#8217;s average installed capacity grew 12% compared to 1Q23, due to the additions of (i) 90 thousand m&#179; referring to the 50% stake in Opla as of July, (ii) 12 thousand m&#179; from the acquisition of the Rondon&#243;polis base from Ipiranga as of September, and (iii) 10 thousand m&#179; relating to the expansion of the Vila do Conde terminal as of July. The m&#179; sold increased 21% compared to 1Q23, due to the startup of operations in Opla and Rondon&#243;polis and increased handling of fuels in Santos, Vila do Conde and Aratu, attenuated by lower handling of ethanol in Santos. Compared to 4Q23, the m&#179; sold decreased 2%, due to lower handling of fuels in Vila do Conde and Suape, attenuated by higher handling of fuels in Rondon&#243;polis. </font></p>
<p style="font-size: 9pt; line-height: 1.2; margin: 0pt 0pt 10pt; text-align: justify; text-indent: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><font style="color: #051373; font-weight: bold; line-height: inherit;">Net revenues</font><font style="color: #051373; font-weight: bold; line-height: inherit;"> &#8211; </font>Total of R$ 263 million (+11% vs 1Q23), due to higher m&#179; sold and spot sales. Compared to 4Q23, net revenues increased 2%, mainly reflecting higher spot sales.</font></p>
<p style="font-size: 9pt; line-height: 1.2; margin: 0pt 0pt 10pt; text-align: justify; text-indent: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><font style="color: #051373; font-weight: bold; line-height: inherit;">Cost of services provided</font> <font style="color: #051373; font-weight: bold; line-height: inherit;">&#8211;</font> Total of R$ 92 million (+5% vs 1Q23), due to higher personnel and depreciation costs, in line with the higher capacity. Compared to 4Q23, the cost of services provided remained stable. </font></p>
<p style="font-size: 9pt; line-height: 1.2; margin: 0pt 0pt 10pt; text-align: justify; text-indent: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><font style="color: #051373; font-weight: bold; line-height: inherit;">Sales, general and administrative expenses </font><font style="color: #051373; font-weight: bold; line-height: inherit;">&#8211;</font> Total of R$ 46 million (+16% vs 1Q23), mainly due to higher personnel expenses (collective bargaining agreement) and legal advisory (contractual renewals). Compared to 4Q23, sales, general and administrative expenses decreased 2%, due to lower advisory and consultancy expenses related to expansion projects. </font></p>
<p style="font-size: 9pt; line-height: 1.2; margin: 0pt 0pt 8pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><font style="color: #051373; font-weight: bold; line-height: inherit;">Adjusted </font><font style="color: #051373; font-weight: bold; line-height: inherit;">EBITDA &#8211;</font> Total of R$ 165 million (+16% vs 1Q23), reflecting the higher capacity occupancy with profitability gains, spot sales, and productivity and efficiency gains, despite higher expenses. Compared to 4Q23, there was a 7% increase, due to higher spot sales and lower expenses.</font></p>
<p style="font-size: 9pt; line-height: 1.2; margin: 0pt 0pt 10pt; text-align: justify; text-indent: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><font style="color: #051373; font-weight: bold; line-height: inherit;">Investments &#8211;</font> Investments in the period amounted to R$ 91 million, allocated mainly to the payment of the grant of Vila do Conde terminal, to building the Palmeirante terminal and to projects for higher efficiency, maintenance and operational safety of the terminals.</font></p>
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<p style="line-height: 90%; font-size: 10pt; font-family: Calibri, sans-serif;"><font style="font-size: 18.0pt; line-height: 90%; font-family: 'Century Gothic',sans-serif; mso-fareast-font-family: 'Century Gothic'; mso-bidi-font-family: 'Century Gothic'; color: #051473; mso-font-kerning: 12.0pt;"><font style="font-family: 'times new roman', times;">1<sup>ST</sup> QUARTER OF 2024</font><font style="mso-ligatures: none;"></font></font></p>























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<p style="font-size: 7pt; line-height: 1.2; margin: 0pt; text-align: justify;"><font style="color: #051273; font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">&nbsp;</font></p>
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<td style="background-color: #051373; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; border-top-width: 1pt !important; border-top-style: solid !important; border-top-color: #051273 !important; border-left-width: 1pt !important; border-left-style: solid !important; border-left-color: #051273 !important;">
<p style="font-size: 10pt; line-height: 108%; margin: 0px; text-indent: 0px;"><font style="color: #ffffff; font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">Ipiranga</font></p>





















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<p style="font-size: 9pt; line-height: 108%; margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><font style="color: #ffffff; font-weight: bold; line-height: inherit;">1</font><font style="color: #ffffff; font-weight: bold; line-height: inherit;">Q</font><font style="color: #ffffff; font-weight: bold; line-height: inherit;">24</font></font></p>





















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<td style="background-color: #051373; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; border-top-width: 1pt !important; border-top-style: solid !important; border-top-color: #051273 !important;">
<p style="font-size: 9pt; line-height: 108%; margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><font style="color: #ffffff; font-weight: bold; line-height: inherit;">1</font><font style="color: #ffffff; font-weight: bold; line-height: inherit;">Q</font><font style="color: #ffffff; font-weight: bold; line-height: inherit;">23</font></font></p>





















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<td style="background-color: #051373; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; border-top-width: 1pt !important; border-top-style: solid !important; border-top-color: #051273 !important;">
<p style="font-size: 9pt; line-height: 108%; margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><font style="color: #ffffff; font-weight: bold; line-height: inherit;">4</font><font style="color: #ffffff; font-weight: bold; line-height: inherit;">Q</font><font style="color: #ffffff; font-weight: bold; line-height: inherit;">23</font></font></p>





















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<td style="background-color: #051373; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; border-top-width: 1pt !important; border-top-style: solid !important; border-top-color: #051273 !important;">
<p style="font-size: 9pt; line-height: 108%; margin: 0pt; text-align: center;"><font style="color: #ffffff; font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">&#916;</font></p>
<p style="font-size: 7pt; line-height: 108%; margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><font style="color: #ffffff; font-weight: bold; line-height: inherit;">1</font><font style="color: #ffffff; font-weight: bold; line-height: inherit;">Q</font><font style="color: #ffffff; font-weight: bold; line-height: inherit;">24 v 1</font><font style="color: #ffffff; font-weight: bold; line-height: inherit;">Q</font><font style="color: #ffffff; font-weight: bold; line-height: inherit;">23</font></font></p>





















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<td style="background-color: #051373; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; border-top-width: 1pt !important; border-top-style: solid !important; border-top-color: #051273 !important;">
<p style="font-size: 9pt; line-height: 108%; margin: 0pt; text-align: center;"><font style="color: #ffffff; font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">&#916;</font></p>
<p style="font-size: 7pt; line-height: 108%; margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><font style="color: #ffffff; font-weight: bold; line-height: inherit;">1</font><font style="color: #ffffff; font-weight: bold; line-height: inherit;">Q</font><font style="color: #ffffff; font-weight: bold; line-height: inherit;">24 v 4</font><font style="color: #ffffff; font-weight: bold; line-height: inherit;">Q</font><font style="color: #ffffff; font-weight: bold; line-height: inherit;">23</font></font></p>





















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<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 40%; border-top-width: 1pt !important; border-top-style: solid !important; border-top-color: #051273 !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #bcb9b3 !important;">
<p style="font-size: 9pt; line-height: 108%; margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><font style="color: #051373; font-weight: bold; line-height: inherit;">Total volume</font> <font style="color: #051373; font-weight: bold; line-height: inherit;">(</font><font style="color: #051373; font-weight: bold; line-height: inherit;">000</font><font style="color: #051373; font-weight: bold; line-height: inherit;"> m&#179;)</font></font></p>





















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<td style="background-color: #cce8ff; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 12%; border-top-width: 1pt !important; border-top-style: solid !important; border-top-color: #051273 !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #bcb9b3 !important;">
<p style="font-size: 9pt; line-height: 108%; margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><font style="color: #051373; font-weight: bold; line-height: inherit;">5</font><font style="color: #051373; font-weight: bold; line-height: inherit;">,</font><font style="color: #051373; font-weight: bold; line-height: inherit;">583</font></font></p>





















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<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 12%; border-top-width: 1pt !important; border-top-style: solid !important; border-top-color: #051273 !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #bcb9b3 !important;">
<p style="font-size: 9pt; line-height: 108%; margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><font style="color: #051373; font-weight: bold; line-height: inherit;">5</font><font style="color: #051373; font-weight: bold; line-height: inherit;">,</font><font style="color: #051373; font-weight: bold; line-height: inherit;">484</font></font></p>





















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<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 12%; border-top-width: 1pt !important; border-top-style: solid !important; border-top-color: #051273 !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #bcb9b3 !important;">
<p style="font-size: 9pt; line-height: 108%; margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><font style="color: #051373; font-weight: bold; line-height: inherit;">6</font><font style="color: #051373; font-weight: bold; line-height: inherit;">,</font><font style="color: #051373; font-weight: bold; line-height: inherit;">099</font></font></p>





















</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 12%; border-top-width: 1pt !important; border-top-style: solid !important; border-top-color: #051273 !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #bcb9b3 !important;">
<p style="font-size: 9pt; line-height: 108%; margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><font style="color: #051373; font-weight: bold; line-height: inherit;">2</font><font style="color: #051373; font-weight: bold; line-height: inherit;">%</font></font></p>





















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<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 12%; border-top-width: 1pt !important; border-top-style: solid !important; border-top-color: #051273 !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #bcb9b3 !important;">
<p style="font-size: 9pt; line-height: 108%; margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><font style="color: #051373; font-weight: bold; line-height: inherit;">(</font><font style="color: #051373; font-weight: bold; line-height: inherit;">8</font><font style="color: #051373; font-weight: bold; line-height: inherit;">%</font><font style="color: #051373; font-weight: bold; line-height: inherit;">)</font></font></p>





















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<tr style="height: 12.7pt;">
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; border-top-width: 1pt !important; border-top-style: solid !important; border-top-color: #bcb9b3 !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #bcb9b3 !important;">
<p style="font-size: 9pt; line-height: 108%; margin: 0pt 0pt 0pt 8.8pt;"><font style="color: #262626; font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Diesel</font></p>





















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<td style="background-color: #cce8ff; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; border-top-width: 1pt !important; border-top-style: solid !important; border-top-color: #bcb9b3 !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #bcb9b3 !important;">
<p style="font-size: 9pt; line-height: 108%; margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><font style="color: #262626; line-height: inherit;">2</font><font style="color: #262626; line-height: inherit;">,</font><font style="color: #262626; line-height: inherit;">750</font></font></p>





















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<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; border-top-width: 1pt !important; border-top-style: solid !important; border-top-color: #bcb9b3 !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #bcb9b3 !important;">
<p style="font-size: 9pt; line-height: 108%; margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><font style="color: #262626; line-height: inherit;">2</font><font style="color: #262626; line-height: inherit;">,</font><font style="color: #262626; line-height: inherit;">833</font></font></p>





















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<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; border-top-width: 1pt !important; border-top-style: solid !important; border-top-color: #bcb9b3 !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #bcb9b3 !important;">
<p style="font-size: 9pt; line-height: 108%; margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><font style="color: #262626; line-height: inherit;">3</font><font style="color: #262626; line-height: inherit;">,</font><font style="color: #262626; line-height: inherit;">162</font></font></p>





















</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; border-top-width: 1pt !important; border-top-style: solid !important; border-top-color: #bcb9b3 !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #bcb9b3 !important;">
<p style="font-size: 9pt; line-height: 108%; margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><font style="color: #262626; line-height: inherit;">(</font><font style="color: #262626; line-height: inherit;">3</font><font style="color: #262626; line-height: inherit;">%</font><font style="color: #262626; line-height: inherit;">)</font></font></p>





















</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; border-top-width: 1pt !important; border-top-style: solid !important; border-top-color: #bcb9b3 !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #bcb9b3 !important;">
<p style="font-size: 9pt; line-height: 108%; margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><font style="color: #262626; line-height: inherit;">(</font><font style="color: #262626; line-height: inherit;">13</font><font style="color: #262626; line-height: inherit;">%</font><font style="color: #262626; line-height: inherit;">)</font></font></p>





















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<tr style="height: 12.7pt;">
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; border-top-width: 1pt !important; border-top-style: solid !important; border-top-color: #bcb9b3 !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #bcb9b3 !important;">
<p style="font-size: 9pt; line-height: 108%; margin: 0pt 0pt 0pt 8.8pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><font style="color: #262626; line-height: inherit;">Otto</font><font style="color: #262626; line-height: inherit;"> cycle</font></font></p>





















</td>
<td style="background-color: #cce8ff; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; border-top-width: 1pt !important; border-top-style: solid !important; border-top-color: #bcb9b3 !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #bcb9b3 !important;">
<p style="font-size: 9pt; line-height: 108%; margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><font style="color: #262626; line-height: inherit;">2</font><font style="color: #262626; line-height: inherit;">,</font><font style="color: #262626; line-height: inherit;">745</font></font></p>





















</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; border-top-width: 1pt !important; border-top-style: solid !important; border-top-color: #bcb9b3 !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #bcb9b3 !important;">
<p style="font-size: 9pt; line-height: 108%; margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><font style="color: #262626; line-height: inherit;">2</font><font style="color: #262626; line-height: inherit;">,</font><font style="color: #262626; line-height: inherit;">559</font></font></p>





















</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; border-top-width: 1pt !important; border-top-style: solid !important; border-top-color: #bcb9b3 !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #bcb9b3 !important;">
<p style="font-size: 9pt; line-height: 108%; margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><font style="color: #262626; line-height: inherit;">2</font><font style="color: #262626; line-height: inherit;">,</font><font style="color: #262626; line-height: inherit;">851</font></font></p>





















</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; border-top-width: 1pt !important; border-top-style: solid !important; border-top-color: #bcb9b3 !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #bcb9b3 !important;">
<p style="font-size: 9pt; line-height: 108%; margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><font style="color: #262626; line-height: inherit;">7</font><font style="color: #262626; line-height: inherit;">%</font></font></p>





















</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; border-top-width: 1pt !important; border-top-style: solid !important; border-top-color: #bcb9b3 !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #bcb9b3 !important;">
<p style="font-size: 9pt; line-height: 108%; margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><font style="color: #262626; line-height: inherit;">(</font><font style="color: #262626; line-height: inherit;">4</font><font style="color: #262626; line-height: inherit;">%</font><font style="color: #262626; line-height: inherit;">)</font></font></p>





















</td>





















</tr>
<tr style="height: 12.7pt;">
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; border-top-width: 1pt !important; border-top-style: solid !important; border-top-color: #bcb9b3 !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #008fff !important;">
<p style="font-size: 9pt; line-height: 108%; margin: 0pt 0pt 0pt 8.8pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><font style="color: #262626; line-height: inherit;">O</font><font style="color: #262626; line-height: inherit;">thers</font><font style="color: #262626; line-height: inherit;">&#185;</font></font></p>





















</td>
<td style="background-color: #cce8ff; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; border-top-width: 1pt !important; border-top-style: solid !important; border-top-color: #bcb9b3 !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #008fff !important;">
<p style="font-size: 9pt; line-height: 108%; margin: 0pt; text-align: center;"><font style="color: #262626; font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">88</font></p>





















</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; border-top-width: 1pt !important; border-top-style: solid !important; border-top-color: #bcb9b3 !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #008fff !important;">
<p style="font-size: 9pt; line-height: 108%; margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><font style="color: #262626; line-height: inherit;">9</font><font style="color: #262626; line-height: inherit;">2</font></font></p>





















</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; border-top-width: 1pt !important; border-top-style: solid !important; border-top-color: #bcb9b3 !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #008fff !important;">
<p style="font-size: 9pt; line-height: 108%; margin: 0pt; text-align: center;"><font style="color: #262626; font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">86</font></p>





















</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; border-top-width: 1pt !important; border-top-style: solid !important; border-top-color: #bcb9b3 !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #008fff !important;">
<p style="font-size: 9pt; line-height: 108%; margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><font style="color: #262626; line-height: inherit;">(</font><font style="color: #262626; line-height: inherit;">4</font><font style="color: #262626; line-height: inherit;">%</font><font style="color: #262626; line-height: inherit;">)</font></font></p>





















</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; border-top-width: 1pt !important; border-top-style: solid !important; border-top-color: #bcb9b3 !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #008fff !important;">
<p style="font-size: 9pt; line-height: 108%; margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><font style="color: #262626; line-height: inherit;">3</font><font style="color: #262626; line-height: inherit;">%</font></font></p>





















</td>





















</tr>
<tr style="height: 12.7pt;">
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; border-top-width: 1pt !important; border-top-style: solid !important; border-top-color: #008fff !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #008fff !important; border-left-width: 1pt !important; border-left-style: solid !important; border-left-color: #008fff !important;">
<p style="font-size: 9pt; line-height: 108%; margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><font style="color: #008fff; font-weight: bold; line-height: inherit;">Adjusted </font><font style="color: #008fff; font-weight: bold; line-height: inherit;">EBITDA </font><font style="color: #008fff; font-weight: bold; line-height: inherit;">(R$ mi</font><font style="color: #008fff; font-weight: bold; line-height: inherit;">llion</font><font style="color: #008fff; font-weight: bold; line-height: inherit;">)</font></font></p>





















</td>
<td style="background-color: #cce8ff; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; border-top-width: 1pt !important; border-top-style: solid !important; border-top-color: #008fff !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #008fff !important;">
<p style="font-size: 9pt; line-height: 108%; margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><font style="color: #008fff; font-weight: bold; line-height: inherit;">8</font><font style="color: #008fff; font-weight: bold; line-height: inherit;">19</font></font></p>





















</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; border-top-width: 1pt !important; border-top-style: solid !important; border-top-color: #008fff !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #008fff !important;">
<p style="font-size: 9pt; line-height: 108%; margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><font style="color: #008fff; font-weight: bold; line-height: inherit;">5</font><font style="color: #008fff; font-weight: bold; line-height: inherit;">83</font></font></p>





















</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; border-top-width: 1pt !important; border-top-style: solid !important; border-top-color: #008fff !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #008fff !important;">
<p style="font-size: 9pt; line-height: 108%; margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><font style="color: #008fff; font-weight: bold; line-height: inherit;">1</font><font style="color: #008fff; font-weight: bold; line-height: inherit;">,</font><font style="color: #008fff; font-weight: bold; line-height: inherit;">7</font><font style="color: #008fff; font-weight: bold; line-height: inherit;">5</font><font style="color: #008fff; font-weight: bold; line-height: inherit;">7</font></font></p>





















</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; border-top-width: 1pt !important; border-top-style: solid !important; border-top-color: #008fff !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #008fff !important;">
<p style="font-size: 9pt; line-height: 108%; margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><font style="color: #008fff; font-weight: bold; line-height: inherit;">40</font><font style="color: #008fff; font-weight: bold; line-height: inherit;">%</font></font></p>





















</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; border-top-width: 1pt !important; border-top-style: solid !important; border-top-color: #008fff !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #008fff !important; border-right-width: 1pt !important; border-right-style: solid !important; border-right-color: #008fff !important;">
<p style="font-size: 9pt; line-height: 108%; margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><font style="color: #008fff; font-weight: bold; line-height: inherit;">(</font><font style="color: #008fff; font-weight: bold; line-height: inherit;">5</font><font style="color: #008fff; font-weight: bold; line-height: inherit;">3</font><font style="color: #008fff; font-weight: bold; line-height: inherit;">%</font><font style="color: #008fff; font-weight: bold; line-height: inherit;">)</font></font></p>





















</td>





















</tr>
<tr style="height: 12.7pt;">
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; border-top-width: 1pt !important; border-top-style: solid !important; border-top-color: #008fff !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #bcb9b3 !important;">
<p style="font-size: 9pt; line-height: 108%; margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><font style="color: #262626; font-style: italic; line-height: inherit;">Adjusted </font><font style="color: #262626; font-style: italic; line-height: inherit;">EBITDA </font><font style="color: #262626; font-style: italic; line-height: inherit;">margin</font> <font style="color: #262626; font-style: italic; line-height: inherit;">(R$/m&#179;)</font></font></p>





















</td>
<td style="background-color: #cce8ff; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; border-top-width: 1pt !important; border-top-style: solid !important; border-top-color: #008fff !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #bcb9b3 !important;">
<p style="font-size: 9pt; line-height: 108%; margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><font style="color: #262626; font-style: italic; line-height: inherit;">14</font><font style="color: #262626; font-style: italic; line-height: inherit;">7</font></font></p>





















</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; border-top-width: 1pt !important; border-top-style: solid !important; border-top-color: #008fff !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #bcb9b3 !important;">
<p style="font-size: 9pt; line-height: 108%; margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><font style="color: #262626; font-style: italic; line-height: inherit;">10</font><font style="color: #262626; font-style: italic; line-height: inherit;">6</font></font></p>





















</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; border-top-width: 1pt !important; border-top-style: solid !important; border-top-color: #008fff !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #bcb9b3 !important;">
<p style="font-size: 9pt; line-height: 108%; margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><font style="color: #262626; font-style: italic; line-height: inherit;">2</font><font style="color: #262626; font-style: italic; line-height: inherit;">88</font></font></p>





















</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; border-top-width: 1pt !important; border-top-style: solid !important; border-top-color: #008fff !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #bcb9b3 !important;">
<p style="font-size: 9pt; line-height: 108%; margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><font style="color: #262626; font-style: italic; line-height: inherit;">3</font><font style="color: #262626; font-style: italic; line-height: inherit;">8</font><font style="color: #262626; font-style: italic; line-height: inherit;">%</font></font></p>





















</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; border-top-width: 1pt !important; border-top-style: solid !important; border-top-color: #008fff !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #bcb9b3 !important;">
<p style="font-size: 9pt; line-height: 108%; margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><font style="color: #262626; font-style: italic; line-height: inherit;">(</font><font style="color: #262626; font-style: italic; line-height: inherit;">49</font><font style="color: #262626; font-style: italic; line-height: inherit;">%</font><font style="color: #262626; font-style: italic; line-height: inherit;">)</font></font></p>





















</td>





















</tr>
<tr style="height: 12.7pt;">
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; border-top-width: 1pt !important; border-top-style: solid !important; border-top-color: #bcb9b3 !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #008fff !important;">
<p style="font-size: 8pt; line-height: 108%; margin: 0pt 0pt 0pt 8.8pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><font style="color: #262626; line-height: inherit;">N</font><font style="color: #262626; line-height: inherit;">on-recurring</font><font style="color: #262626; line-height: inherit;">&#178;</font></font></p>





















</td>
<td style="background-color: #cce8ff; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; border-top-width: 1pt !important; border-top-style: solid !important; border-top-color: #bcb9b3 !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #008fff !important;">
<p style="font-size: 8pt; line-height: 108%; margin: 0pt; text-align: center;"><font style="color: #262626; font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">36</font></p>





















</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; border-top-width: 1pt !important; border-top-style: solid !important; border-top-color: #bcb9b3 !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #008fff !important;">
<p style="font-size: 8pt; line-height: 108%; margin: 0pt; text-align: center;"><font style="color: #262626; font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">56</font></p>





















</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; border-top-width: 1pt !important; border-top-style: solid !important; border-top-color: #bcb9b3 !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #008fff !important;">
<p style="font-size: 8pt; line-height: 108%; margin: 0pt; text-align: center;"><font style="color: #262626; font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">597</font></p>





















</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; border-top-width: 1pt !important; border-top-style: solid !important; border-top-color: #bcb9b3 !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #008fff !important;">
<p style="font-size: 8pt; line-height: 108%; margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><font style="color: #262626; line-height: inherit;">(</font><font style="color: #262626; line-height: inherit;">35</font><font style="color: #262626; line-height: inherit;">%</font><font style="color: #262626; line-height: inherit;">)</font></font></p>





















</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; border-top-width: 1pt !important; border-top-style: solid !important; border-top-color: #bcb9b3 !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #008fff !important;">
<p style="font-size: 8pt; line-height: 108%; margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><font style="color: #262626; line-height: inherit;">(</font><font style="color: #262626; line-height: inherit;">94</font><font style="color: #262626; line-height: inherit;">%</font><font style="color: #262626; line-height: inherit;">)</font></font></p>





















</td>





















</tr>
<tr style="height: 12.7pt;">
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; border-top-width: 1pt !important; border-top-style: solid !important; border-top-color: #008fff !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #008fff !important; border-left-width: 1pt !important; border-left-style: solid !important; border-left-color: #008fff !important;">
<p style="font-size: 9pt; line-height: 108%; margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><font style="color: #008fff; font-weight: bold; line-height: inherit;">Recurring Adjusted </font><font style="color: #008fff; font-weight: bold; line-height: inherit;">EBITDA </font><font style="color: #008fff; font-weight: bold; line-height: inherit;">(R$ mi</font><font style="color: #008fff; font-weight: bold; line-height: inherit;">llion</font><font style="color: #008fff; font-weight: bold; line-height: inherit;">)</font></font></p>





















</td>
<td style="background-color: #cce8ff; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; border-top-width: 1pt !important; border-top-style: solid !important; border-top-color: #008fff !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #008fff !important;">
<p style="font-size: 9pt; line-height: 108%; margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><font style="color: #008fff; font-weight: bold; line-height: inherit;">7</font><font style="color: #008fff; font-weight: bold; line-height: inherit;">83</font></font></p>





















</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; border-top-width: 1pt !important; border-top-style: solid !important; border-top-color: #008fff !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #008fff !important;">
<p style="font-size: 9pt; line-height: 108%; margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><font style="color: #008fff; font-weight: bold; line-height: inherit;">5</font><font style="color: #008fff; font-weight: bold; line-height: inherit;">27</font></font></p>





















</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; border-top-width: 1pt !important; border-top-style: solid !important; border-top-color: #008fff !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #008fff !important;">
<p style="font-size: 9pt; line-height: 108%; margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><font style="color: #008fff; font-weight: bold; line-height: inherit;">1</font><font style="color: #008fff; font-weight: bold; line-height: inherit;">,</font><font style="color: #008fff; font-weight: bold; line-height: inherit;">1</font><font style="color: #008fff; font-weight: bold; line-height: inherit;">6</font><font style="color: #008fff; font-weight: bold; line-height: inherit;">0</font></font></p>





















</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; border-top-width: 1pt !important; border-top-style: solid !important; border-top-color: #008fff !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #008fff !important;">
<p style="font-size: 9pt; line-height: 108%; margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><font style="color: #008fff; font-weight: bold; line-height: inherit;">4</font><font style="color: #008fff; font-weight: bold; line-height: inherit;">8</font><font style="color: #008fff; font-weight: bold; line-height: inherit;">%</font></font></p>





















</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; border-top-width: 1pt !important; border-top-style: solid !important; border-top-color: #008fff !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #008fff !important; border-right-width: 1pt !important; border-right-style: solid !important; border-right-color: #008fff !important;">
<p style="font-size: 9pt; line-height: 108%; margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><font style="color: #008fff; font-weight: bold; line-height: inherit;">(</font><font style="color: #008fff; font-weight: bold; line-height: inherit;">3</font><font style="color: #008fff; font-weight: bold; line-height: inherit;">3</font><font style="color: #008fff; font-weight: bold; line-height: inherit;">%</font><font style="color: #008fff; font-weight: bold; line-height: inherit;">)</font></font></p>





















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</tr>
<tr style="height: 12.7pt;">
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; border-top-width: 1pt !important; border-top-style: solid !important; border-top-color: #008fff !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #008fff !important;">
<p style="font-size: 9pt; line-height: 108%; margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><font style="color: #262626; font-style: italic; line-height: inherit;">Recurring Adjusted</font><font style="color: #262626; font-style: italic; line-height: inherit;"> EBITDA </font><font style="color: #262626; font-style: italic; line-height: inherit;">margin</font> <font style="color: #262626; font-style: italic; line-height: inherit;">(R$/m&#179;)</font></font></p>





















</td>
<td style="background-color: #cce8ff; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; border-top-width: 1pt !important; border-top-style: solid !important; border-top-color: #008fff !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #008fff !important;">
<p style="font-size: 9pt; line-height: 108%; margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><font style="color: #262626; font-style: italic; line-height: inherit;">1</font><font style="color: #262626; font-style: italic; line-height: inherit;">40</font></font></p>





















</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; border-top-width: 1pt !important; border-top-style: solid !important; border-top-color: #008fff !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #008fff !important;">
<p style="font-size: 9pt; line-height: 108%; margin: 0pt; text-align: center;"><font style="color: #262626; font-family: 'times new roman', times; font-size: 10pt; font-style: italic; line-height: inherit;">96</font></p>





















</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; border-top-width: 1pt !important; border-top-style: solid !important; border-top-color: #008fff !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #008fff !important;">
<p style="font-size: 9pt; line-height: 108%; margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><font style="color: #262626; font-style: italic; line-height: inherit;">19</font><font style="color: #262626; font-style: italic; line-height: inherit;">0</font></font></p>





















</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; border-top-width: 1pt !important; border-top-style: solid !important; border-top-color: #008fff !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #008fff !important;">
<p style="font-size: 9pt; line-height: 108%; margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><font style="color: #262626; font-style: italic; line-height: inherit;">4</font><font style="color: #262626; font-style: italic; line-height: inherit;">6</font><font style="color: #262626; font-style: italic; line-height: inherit;">%</font></font></p>





















</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; border-top-width: 1pt !important; border-top-style: solid !important; border-top-color: #008fff !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #008fff !important;">
<p style="font-size: 9pt; line-height: 108%; margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><font style="color: #262626; font-style: italic; line-height: inherit;">(</font><font style="color: #262626; font-style: italic; line-height: inherit;">2</font><font style="color: #262626; font-style: italic; line-height: inherit;">6</font><font style="color: #262626; font-style: italic; line-height: inherit;">%</font><font style="color: #262626; font-style: italic; line-height: inherit;">)</font></font></p>





















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<tr style="height: 12.7pt;">
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; border-top-width: 1pt !important; border-top-style: solid !important; border-top-color: #008fff !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #008fff !important; border-left-width: 1pt !important; border-left-style: solid !important; border-left-color: #008fff !important;">
<p style="font-size: 9pt; line-height: 108%; margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><font style="color: #008fff; font-weight: bold; line-height: inherit;">Recurring Adjusted LTM E</font><font style="color: #008fff; font-weight: bold; line-height: inherit;">BITDA </font><font style="color: #008fff; font-weight: bold; line-height: inherit;">(R$ mi</font><font style="color: #008fff; font-weight: bold; line-height: inherit;">llion</font><font style="color: #008fff; font-weight: bold; line-height: inherit;">)</font></font></p>





















</td>
<td style="background-color: #cce8ff; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; border-top-width: 1pt !important; border-top-style: solid !important; border-top-color: #008fff !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #008fff !important;">
<p style="font-size: 9pt; line-height: 108%; margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><font style="color: #008fff; font-weight: bold; line-height: inherit;">3</font><font style="color: #008fff; font-weight: bold; line-height: inherit;">,</font><font style="color: #008fff; font-weight: bold; line-height: inherit;">80</font><font style="color: #008fff; font-weight: bold; line-height: inherit;">1</font></font></p>





















</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; border-top-width: 1pt !important; border-top-style: solid !important; border-top-color: #008fff !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #008fff !important;">
<p style="font-size: 9pt; line-height: 108%; margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><font style="color: #008fff; font-weight: bold; line-height: inherit;">2</font><font style="color: #008fff; font-weight: bold; line-height: inherit;">,</font><font style="color: #008fff; font-weight: bold; line-height: inherit;">0</font><font style="color: #008fff; font-weight: bold; line-height: inherit;">34</font></font></p>





















</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; border-top-width: 1pt !important; border-top-style: solid !important; border-top-color: #008fff !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #008fff !important;">
<p style="font-size: 9pt; line-height: 108%; margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><font style="color: #008fff; font-weight: bold; line-height: inherit;">3</font><font style="color: #008fff; font-weight: bold; line-height: inherit;">,</font><font style="color: #008fff; font-weight: bold; line-height: inherit;">54</font><font style="color: #008fff; font-weight: bold; line-height: inherit;">6</font></font></p>





















</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; border-top-width: 1pt !important; border-top-style: solid !important; border-top-color: #008fff !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #008fff !important;">
<p style="font-size: 9pt; line-height: 108%; margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><font style="color: #008fff; font-weight: bold; line-height: inherit;">8</font><font style="color: #008fff; font-weight: bold; line-height: inherit;">7</font><font style="color: #008fff; font-weight: bold; line-height: inherit;">%</font></font></p>





















</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; border-top-width: 1pt !important; border-top-style: solid !important; border-top-color: #008fff !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #008fff !important; border-right-width: 1pt !important; border-right-style: solid !important; border-right-color: #008fff !important;">
<p style="font-size: 9pt; line-height: 108%; margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><font style="color: #008fff; font-weight: bold; line-height: inherit;">7</font><font style="color: #008fff; font-weight: bold; line-height: inherit;">%</font></font></p>





















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</tr>
<tr style="height: 12.7pt;">
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; border-top-width: 1pt !important; border-top-style: solid !important; border-top-color: #008fff !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #051373 !important;">
<p style="font-size: 9pt; line-height: 108%; margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><font style="color: #262626; font-style: italic; line-height: inherit;">Recurring Adjusted</font> <font style="color: #262626; font-style: italic; line-height: inherit;">LTM </font><font style="color: #262626; font-style: italic; line-height: inherit;">EBITDA </font><font style="color: #262626; font-style: italic; line-height: inherit;">margin</font> <font style="color: #262626; font-style: italic; line-height: inherit;">(R$/m&#179;)</font></font></p>





















</td>
<td style="background-color: #cce8ff; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; border-top-width: 1pt !important; border-top-style: solid !important; border-top-color: #008fff !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #051373 !important;">
<p style="font-size: 9pt; line-height: 108%; margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><font style="color: #262626; font-style: italic; line-height: inherit;">16</font><font style="color: #262626; font-style: italic; line-height: inherit;">4</font></font></p>





















</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; border-top-width: 1pt !important; border-top-style: solid !important; border-top-color: #008fff !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #051373 !important;">
<p style="font-size: 9pt; line-height: 108%; margin: 0pt; text-align: center;"><font style="color: #262626; font-family: 'times new roman', times; font-size: 10pt; font-style: italic; line-height: inherit;">88</font></p>





















</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; border-top-width: 1pt !important; border-top-style: solid !important; border-top-color: #008fff !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #051373 !important;">
<p style="font-size: 9pt; line-height: 108%; margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><font style="color: #262626; font-style: italic; line-height: inherit;">1</font><font style="color: #262626; font-style: italic; line-height: inherit;">5</font><font style="color: #262626; font-style: italic; line-height: inherit;">3</font></font></p>





















</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; border-top-width: 1pt !important; border-top-style: solid !important; border-top-color: #008fff !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #051373 !important;">
<p style="font-size: 9pt; line-height: 108%; margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><font style="color: #262626; font-style: italic; line-height: inherit;">8</font><font style="color: #262626; font-style: italic; line-height: inherit;">7</font><font style="color: #262626; font-style: italic; line-height: inherit;">%</font></font></p>





















</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; border-top-width: 1pt !important; border-top-style: solid !important; border-top-color: #008fff !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #051373 !important;">
<p style="font-size: 9pt; line-height: 108%; margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><font style="color: #262626; font-style: italic; line-height: inherit;">7</font><font style="color: #262626; font-style: italic; line-height: inherit;">%</font></font></p>





















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</table>
<p style="font-size: 7pt; line-height: 1.2; margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><font style="font-style: italic; line-height: inherit;">&#185; </font><font style="font-style: italic; line-height: inherit;">Fuel oils, </font><font style="font-style: italic; line-height: inherit;">arla</font><font style="font-style: italic; line-height: inherit;"> 32, kerosene, lubricants and greases</font></font></p>
<p style="font-size: 7pt; line-height: 1.2; margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><font style="font-style: italic; line-height: inherit;">&#178; </font><font style="font-style: italic; line-height: inherit;">Non-recurring items described in the EBITDA calculation table &#8211; page 2</font></font></p>
<p style="font-size: 11pt; line-height: 1.2; margin: 8pt 0pt; text-align: justify; text-indent: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><font style="color: #051373; font-weight: bold; line-height: inherit;">Operational performance</font><font style="color: #051373; font-weight: bold; line-height: inherit;"> &#8211; </font>Ipiranga&#8217;s sales volume increased 2% compared to 1Q23, with a 7% increase in the Otto cycle, with higher share of ethanol to the detriment of gasoline in the product mix, partially offset by a 3% decrease in diesel. Compared to 4Q23, sales volume decreased 8%, due to a 13% decrease in diesel and 4% in the Otto cycle, mainly due to the typical seasonality between periods.</font></p>
<p style="font-size: 11pt; line-height: 1.2; margin: 0pt 0pt 8pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><font style="color: #051373; font-weight: bold; line-height: inherit;">Net revenues</font><font style="color: #051373; font-weight: bold; line-height: inherit;"> &#8211;</font> Total of R$ 27,693 million, stable in relation to 1Q23, mainly due to the pass-through of fuel cost reductions, offset by higher sales volume. Compared to 4Q23, net revenues decreased 10%, as a result of lower sales volume and the pass-through of fuel cost reductions.</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: 'times new roman', times; font-size: 10pt; line-height: inherit;"><font style="color: #051373; font-weight: bold; line-height: inherit;">Cost of goods sold </font><font style="color: #051373; font-weight: bold; line-height: inherit;">&#8211;</font> Total of R$ 26,313 million (-1% vs 1Q23), mainly due to lower fuel costs, attenuated by higher sales volume. Compared to 4Q23, there was a 7% decrease, due to lower sales volume and lower fuel costs, partially offset by the positive effect of extraordinary tax credits in the amount of R$ 563 million recorded in 4Q23 and higher tax burden resulting from the removal of PIS and Cofins tax relief on diesel and the increase in single-phase ICMS on gasoline and diesel.</font></p>
<p style="font-size: 9pt; line-height: 1.2; margin: 0pt 0pt 8pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><font style="color: #051373; font-weight: bold; line-height: inherit;">Sales, general and administrative expenses </font><font style="color: #051373; font-weight: bold; line-height: inherit;">&#8211;</font> Total of R$ 708 million (+5% vs 1Q23), due to higher personnel expenses (mainly higher headcount and collective bargaining agreement) and provisions for doubtful accounts, partially offset by lower expenses with provision for contingencies. Compared to 4Q23, sales, general and administrative expenses decreased 16%, reflecting the one-off expenses related to the conclusion of the debugging process of the legacy network in 4Q23, in addition to lower marketing and personnel expenses. </font></p>
<p style="font-size: 9pt; line-height: 1.2; margin: 0pt 0pt 8pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><font style="color: #051373; font-weight: bold; line-height: inherit;">Other operating results </font><font style="color: #051373; font-weight: bold; line-height: inherit;">&#8211;</font> Total of negative R$ 165 million, a worsening of R$ 26 million compared to 1Q23, due to higher costs with carbon tax credits. Compared to 4Q23, there was a worsening of R$ 34 million, due to the constitution of R$ 20 million of extemporaneous tax credits in 4Q23 and higher costs with carbon tax credits. </font></p>
<p style="font-size: 9pt; line-height: 1.2; margin: 0pt 0pt 8pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><font style="color: #051373; font-weight: bold; line-height: inherit;">Results from disposal of assets </font><font style="color: #051373; font-weight: bold; line-height: inherit;">&#8211; </font>Total of R$ 36 million (-35% vs 1Q23), due to lower sales of real estate assets. Compared to 4Q23, there was an increase of R$ 22 million, as a result of higher sales of real estate assets.</font></p>
<p style="font-size: 11pt; line-height: 1.2; margin: 0pt 0pt 8pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><font style="color: #051373; font-weight: bold; line-height: inherit;">Recurring Adjusted </font><font style="color: #051373; font-weight: bold; line-height: inherit;">EBITDA &#8211;</font> Total of R$ 783 million (+48% vs 1Q23), as a result of better margins, due to the normalization of the commercial environment and inventory gains in 1Q24, compared to inventory losses in the 1Q23 due to cost reductions, despite the negative effects of (i) higher inventory level in the sector (distribution companies' positioning for the planned tax increases), (ii) tax distortions in 1Q24 (mainly resulting from tax benefits granted in Amap&#225;, revoked in April 2024), and (iii) irregularities in the biodiesel&nbsp;blend in diesel. Compared to 4Q23, there was a 33% decrease, due to lower sales volume and more pressured margins, as a result of greater supply of products in the market, attenuated by lower expenses. </font></p>
<p style="font-size: 9pt; line-height: 1.2; margin: 0pt 0pt 7pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><font style="color: #051373; font-weight: bold; line-height: inherit;">Investments &#8211;</font> R$ 185 million were invested in the quarter, directed to the expansion and maintenance of Ipiranga's service stations and franchises network and to logistics infrastructure. Out of the total investments, R$ 19 million refer to additions to fixed and intangible assets, R$ 148 million to contractual assets with customers (exclusive rights) and R$ 18 million of installments from financing granted to customers and advance payments of rentals, net of releases.</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'>90</font></font></td>
















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<p style="line-height: 90%; font-size: 10pt; font-family: Calibri, sans-serif;"><font style="font-size: 18.0pt; line-height: 90%; font-family: 'Century Gothic',sans-serif; mso-fareast-font-family: 'Century Gothic'; mso-bidi-font-family: 'Century Gothic'; color: #051473; mso-font-kerning: 12.0pt;"><font style="font-family: 'times new roman', times;">1<sup>ST</sup> QUARTER OF 2024</font><font style="mso-ligatures: none;"></font></font></p>























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<div style="font-family: 'times new roman', times; font-size: 10pt; text-indent: 0pt;">
<p style="font-size: 12pt; line-height: 1.2; margin: 10pt 0pt 0pt; text-align: right; text-indent: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: 108%; margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; color: #008fff; font-weight: bold;">&nbsp;In million of Reais</font><br></font></p>
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<p style="font-size: 10pt; line-height: 108%; margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><font style="color: #ffffff; font-weight: bold; line-height: inherit;">Ultrapar</font><font style="color: #ffffff; font-weight: bold; line-height: inherit;"> &#8211; </font><font style="color: #ffffff; font-weight: bold; line-height: inherit;">Indebt</font><font style="color: #ffffff; font-weight: bold; line-height: inherit;">ed</font><font style="color: #ffffff; font-weight: bold; line-height: inherit;">ness</font></font></p>





















</td>
<td style="background-color: #051373; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 29px;">
<p style="font-size: 9pt; line-height: 108%; margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><font style="color: #ffffff; font-weight: bold; line-height: inherit;">1</font><font style="color: #ffffff; font-weight: bold; line-height: inherit;">Q</font><font style="color: #ffffff; font-weight: bold; line-height: inherit;">24</font></font></p>





















</td>
<td style="background-color: #051373; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 29px;">
<p style="font-size: 9pt; line-height: 108%; margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><font style="color: #ffffff; font-weight: bold; line-height: inherit;">1</font><font style="color: #ffffff; font-weight: bold; line-height: inherit;">Q</font><font style="color: #ffffff; font-weight: bold; line-height: inherit;">23</font></font></p>





















</td>
<td style="background-color: #051373; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 29px;">
<p style="font-size: 9pt; line-height: 108%; margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><font style="color: #ffffff; font-weight: bold; line-height: inherit;">4</font><font style="color: #ffffff; font-weight: bold; line-height: inherit;">Q</font><font style="color: #ffffff; font-weight: bold; line-height: inherit;">23</font></font></p>





















</td>





















</tr>
<tr style="height: 10px;">
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 10px; width: 64%; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #cfcdc9 !important;">
<p style="font-size: 9pt; line-height: 108%; margin: 0pt 0pt 0pt 8.8pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><font style="color: #262626; line-height: inherit;">Ca</font><font style="color: #262626; line-height: inherit;">sh and cash equivalents</font></font></p>





















</td>
<td style="background-color: #ffffff; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 10px; width: 12%; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #cfcdc9 !important;">
<p style="font-size: 9pt; line-height: 108%; margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><font style="color: #262626; line-height: inherit;">6</font><font style="color: #262626; line-height: inherit;">,</font><font style="color: #262626; line-height: inherit;">607</font></font></p>





















</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 10px; width: 12%; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #cfcdc9 !important;">
<p style="font-size: 9pt; line-height: 108%; margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><font style="color: #262626; line-height: inherit;">5</font><font style="color: #262626; line-height: inherit;">,</font><font style="color: #262626; line-height: inherit;">125</font></font></p>





















</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 10px; width: 12%; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #cfcdc9 !important;">
<p style="font-size: 9pt; line-height: 108%; margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><font style="color: #262626; line-height: inherit;">7</font><font style="color: #262626; line-height: inherit;">,</font><font style="color: #262626; line-height: inherit;">171</font></font></p>





















</td>





















</tr>
<tr style="height: 10px;">
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 10px; border-top-width: 1pt !important; border-top-style: solid !important; border-top-color: #cfcdc9 !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #cfcdc9 !important;">
<p style="font-size: 9pt; line-height: 108%; margin: 0pt 0pt 0pt 8.8pt;"><font style="color: #262626; font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Gross debt</font></p>





















</td>
<td style="background-color: #ffffff; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 10px; border-top-width: 1pt !important; border-top-style: solid !important; border-top-color: #cfcdc9 !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #cfcdc9 !important;">
<p style="font-size: 9pt; line-height: 108%; margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><font style="color: #262626; line-height: inherit;">(</font><font style="color: #262626; line-height: inherit;">12</font><font style="color: #262626; line-height: inherit;">,</font><font style="color: #262626; line-height: inherit;">958</font><font style="color: #262626; line-height: inherit;">)</font></font></p>





















</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 10px; border-top-width: 1pt !important; border-top-style: solid !important; border-top-color: #cfcdc9 !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #cfcdc9 !important;">
<p style="font-size: 9pt; line-height: 108%; margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><font style="color: #262626; line-height: inherit;">(11</font><font style="color: #262626; line-height: inherit;">,</font><font style="color: #262626; line-height: inherit;">801</font><font style="color: #262626; line-height: inherit;">)</font></font></p>





















</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 10px; border-top-width: 1pt !important; border-top-style: solid !important; border-top-color: #cfcdc9 !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #cfcdc9 !important;">
<p style="font-size: 9pt; line-height: 108%; margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><font style="color: #262626; line-height: inherit;">(</font><font style="color: #262626; line-height: inherit;">11</font><font style="color: #262626; line-height: inherit;">,</font><font style="color: #262626; line-height: inherit;">768</font><font style="color: #262626; line-height: inherit;">)</font></font></p>





















</td>





















</tr>
<tr style="height: 10px;">
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 10px; border-top-width: 1pt !important; border-top-style: solid !important; border-top-color: #cfcdc9 !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #008fff !important;">
<p style="font-size: 9pt; line-height: 108%; margin: 0pt 0pt 0pt 8.8pt;"><font style="color: #262626; font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Leases payable</font></p>





















</td>
<td style="background-color: #ffffff; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 10px; border-top-width: 1pt !important; border-top-style: solid !important; border-top-color: #cfcdc9 !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #008fff !important;">
<p style="font-size: 9pt; line-height: 108%; margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><font style="color: #262626; line-height: inherit;">(</font><font style="color: #262626; line-height: inherit;">1</font><font style="color: #262626; line-height: inherit;">,</font><font style="color: #262626; line-height: inherit;">472)</font></font></p>





















</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 10px; border-top-width: 1pt !important; border-top-style: solid !important; border-top-color: #cfcdc9 !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #008fff !important;">
<p style="font-size: 9pt; line-height: 108%; margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><font style="color: #262626; line-height: inherit;">(1</font><font style="color: #262626; line-height: inherit;">,</font><font style="color: #262626; line-height: inherit;">5</font><font style="color: #262626; line-height: inherit;">83</font><font style="color: #262626; line-height: inherit;">)</font></font></p>





















</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 10px; border-top-width: 1pt !important; border-top-style: solid !important; border-top-color: #cfcdc9 !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #008fff !important;">
<p style="font-size: 9pt; line-height: 108%; margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><font style="color: #262626; line-height: inherit;">(1</font><font style="color: #262626; line-height: inherit;">,</font><font style="color: #262626; line-height: inherit;">5</font><font style="color: #262626; line-height: inherit;">24</font><font style="color: #262626; line-height: inherit;">)</font></font></p>





















</td>





















</tr>
<tr style="height: 10px;">
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 10px; border-top-width: 1pt !important; border-top-style: solid !important; border-top-color: #008fff !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #008fff !important; border-left-width: 1pt !important; border-left-style: solid !important; border-left-color: #008fff !important;">
<p style="font-size: 9pt; line-height: 108%; margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><font style="color: #008fff; font-weight: bold; line-height: inherit;">Net </font><font style="color: #008fff; font-weight: bold; line-height: inherit;">d</font><font style="color: #008fff; font-weight: bold; line-height: inherit;">ebt</font></font></p>





















</td>
<td style="background-color: #ffffff; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 10px; border-top-width: 1pt !important; border-top-style: solid !important; border-top-color: #008fff !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #008fff !important;">
<p style="font-size: 9pt; line-height: 108%; margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><font style="color: #008fff; font-weight: bold; line-height: inherit;">(</font><font style="color: #008fff; font-weight: bold; line-height: inherit;">7</font><font style="color: #008fff; font-weight: bold; line-height: inherit;">,</font><font style="color: #008fff; font-weight: bold; line-height: inherit;">823)</font></font></p>





















</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 10px; border-top-width: 1pt !important; border-top-style: solid !important; border-top-color: #008fff !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #008fff !important;">
<p style="font-size: 9pt; line-height: 108%; margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><font style="color: #008fff; font-weight: bold; line-height: inherit;">(</font><font style="color: #008fff; font-weight: bold; line-height: inherit;">8</font><font style="color: #008fff; font-weight: bold; line-height: inherit;">,</font><font style="color: #008fff; font-weight: bold; line-height: inherit;">259</font><font style="color: #008fff; font-weight: bold; line-height: inherit;">)</font></font></p>





















</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 10px; border-top-width: 1pt !important; border-top-style: solid !important; border-top-color: #008fff !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #008fff !important; border-right-width: 1pt !important; border-right-style: solid !important; border-right-color: #008fff !important;">
<p style="font-size: 9pt; line-height: 108%; margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><font style="color: #008fff; font-weight: bold; line-height: inherit;">(</font><font style="color: #008fff; font-weight: bold; line-height: inherit;">6</font><font style="color: #008fff; font-weight: bold; line-height: inherit;">,</font><font style="color: #008fff; font-weight: bold; line-height: inherit;">121</font><font style="color: #008fff; font-weight: bold; line-height: inherit;">)</font></font></p>





















</td>





















</tr>
<tr style="height: 10px;">
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 10px; border-top-width: 1pt !important; border-top-style: solid !important; border-top-color: #008fff !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #cfcdc9 !important;">
<p style="font-size: 9pt; line-height: 108%; margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><font style="font-style: italic; line-height: inherit;">Net </font><font style="font-style: italic; line-height: inherit;">d</font><font style="font-style: italic; line-height: inherit;">ebt</font><font style="font-style: italic; line-height: inherit;">/</font><font style="font-style: italic; line-height: inherit;">Adjusted LTM EBITDA<font style="font-size: 8pt;"><sup>1</sup></font></font></font></p>





















</td>
<td style="background-color: #ffffff; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 10px; border-top-width: 1pt !important; border-top-style: solid !important; border-top-color: #008fff !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #cfcdc9 !important;">
<p style="font-size: 9pt; line-height: 108%; margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><font style="font-style: italic; line-height: inherit;">1</font><font style="font-style: italic; line-height: inherit;">.</font><font style="font-style: italic; line-height: inherit;">3</font><font style="font-style: italic; line-height: inherit;">x</font></font></p>





















</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 10px; border-top-width: 1pt !important; border-top-style: solid !important; border-top-color: #008fff !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #cfcdc9 !important;">
<p style="font-size: 9pt; line-height: 108%; margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><font style="font-style: italic; line-height: inherit;">2</font><font style="font-style: italic; line-height: inherit;">.</font><font style="font-style: italic; line-height: inherit;">0</font><font style="font-style: italic; line-height: inherit;">x</font></font></p>





















</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 10px; border-top-width: 1pt !important; border-top-style: solid !important; border-top-color: #008fff !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #cfcdc9 !important;">
<p style="font-size: 9pt; line-height: 108%; margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><font style="font-style: italic; line-height: inherit;">1</font><font style="font-style: italic; line-height: inherit;">.</font><font style="font-style: italic; line-height: inherit;">1</font><font style="font-style: italic; line-height: inherit;">x</font></font></p>





















</td>





















</tr>
<tr style="height: 10px;">
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 10px; border-top-width: 1pt !important; border-top-style: solid !important; border-top-color: #cfcdc9 !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #cfcdc9 !important;">
<p style="font-size: 9pt; line-height: 108%; margin: 0pt 0pt 0pt 8.8pt;"><font style="color: #262626; font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Trade payables &#8211; reverse factoring (draft discount)</font></p>





















</td>
<td style="background-color: #ffffff; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 10px; border-top-width: 1pt !important; border-top-style: solid !important; border-top-color: #cfcdc9 !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #cfcdc9 !important;">
<p style="font-size: 9pt; line-height: 108%; margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">(1,304)</font></p>





















</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 10px; border-top-width: 1pt !important; border-top-style: solid !important; border-top-color: #cfcdc9 !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #cfcdc9 !important;">
<p style="font-size: 9pt; line-height: 108%; margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">(1,770)</font></p>





















</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 10px; border-top-width: 1pt !important; border-top-style: solid !important; border-top-color: #cfcdc9 !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #cfcdc9 !important;">
<p style="font-size: 9pt; line-height: 108%; margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">(1,039)</font></p>





















</td>





















</tr>
<tr style="height: 10px;">
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 10px; border-top-width: 1pt !important; border-top-style: solid !important; border-top-color: #cfcdc9 !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #cfcdc9 !important;">
<p style="font-size: 9pt; line-height: 108%; margin: 0pt 0pt 0pt 8.8pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><font style="color: #262626; line-height: inherit;">Financial liabilities of customers</font><font style="color: #262626; line-height: inherit;"> (vendor)</font></font></p>





















</td>
<td style="background-color: #ffffff; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 10px; border-top-width: 1pt !important; border-top-style: solid !important; border-top-color: #cfcdc9 !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #cfcdc9 !important;">
<p style="font-size: 9pt; line-height: 108%; margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">(278)</font></p>





















</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 10px; border-top-width: 1pt !important; border-top-style: solid !important; border-top-color: #cfcdc9 !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #cfcdc9 !important;">
<p style="font-size: 9pt; line-height: 108%; margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">(423)</font></p>





















</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 10px; border-top-width: 1pt !important; border-top-style: solid !important; border-top-color: #cfcdc9 !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #cfcdc9 !important;">
<p style="font-size: 9pt; line-height: 108%; margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">(309)</font></p>





















</td>





















</tr>
<tr style="height: 19px;">
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 19px; border-top-width: 1pt !important; border-top-style: solid !important; border-top-color: #cfcdc9 !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #008fff !important;">
<p style="font-size: 9pt; line-height: 108%; margin: 0pt 0pt 0pt 8.8pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><font style="color: #262626; line-height: inherit;">Rec</font><font style="color: #262626; line-height: inherit;">eivables from divestments</font><font style="color: #262626; line-height: inherit;"> (</font><font style="color: #262626; line-height: inherit;">Oxiteno</font> <font style="color: #262626; line-height: inherit;">and</font> <font style="color: #262626; line-height: inherit;">Extrafarma</font><font style="color: #262626; line-height: inherit;">)</font></font></p>





















</td>
<td style="background-color: #ffffff; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 19px; border-top-width: 1pt !important; border-top-style: solid !important; border-top-color: #cfcdc9 !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #008fff !important;">
<p style="font-size: 9pt; line-height: 108%; margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">964</font></p>





















</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 19px; border-top-width: 1pt !important; border-top-style: solid !important; border-top-color: #cfcdc9 !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #008fff !important;">
<p style="font-size: 9pt; line-height: 108%; margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">1,098</font></p>





















</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 19px; border-top-width: 1pt !important; border-top-style: solid !important; border-top-color: #cfcdc9 !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #008fff !important;">
<p style="font-size: 9pt; line-height: 108%; margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">924</font></p>





















</td>





















</tr>
<tr style="height: 10px;">
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 10px; border-top-width: 1pt !important; border-top-style: solid !important; border-top-color: #008fff !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #008fff !important; border-left-width: 1pt !important; border-left-style: solid !important; border-left-color: #008fff !important;">
<p style="font-size: 9pt; line-height: 108%; margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><font style="color: #008fff; font-weight: bold; line-height: inherit;">Net debt</font><font style="color: #008fff; font-weight: bold; line-height: inherit;"> + </font><font style="color: #008fff; font-weight: bold; line-height: inherit;">draft discount</font><font style="color: #008fff; font-weight: bold; line-height: inherit;"> + vendor + rece</font><font style="color: #008fff; font-weight: bold; line-height: inherit;">ivables</font></font></p>





















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<td style="background-color: #ffffff; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 10px; border-top-width: 1pt !important; border-top-style: solid !important; border-top-color: #008fff !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #008fff !important;">
<p style="font-size: 9pt; line-height: 108%; margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><font style="color: #008fff; font-weight: bold; line-height: inherit;">(8</font><font style="color: #008fff; font-weight: bold; line-height: inherit;">,</font><font style="color: #008fff; font-weight: bold; line-height: inherit;">441)</font></font></p>





















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<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 10px; border-top-width: 1pt !important; border-top-style: solid !important; border-top-color: #008fff !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #008fff !important;">
<p style="font-size: 9pt; line-height: 108%; margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><font style="color: #008fff; font-weight: bold; line-height: inherit;">(</font><font style="color: #008fff; font-weight: bold; line-height: inherit;">9</font><font style="color: #008fff; font-weight: bold; line-height: inherit;">,</font><font style="color: #008fff; font-weight: bold; line-height: inherit;">354</font><font style="color: #008fff; font-weight: bold; line-height: inherit;">)</font></font></p>





















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<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 10px; border-top-width: 1pt !important; border-top-style: solid !important; border-top-color: #008fff !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #008fff !important; border-right-width: 1pt !important; border-right-style: solid !important; border-right-color: #008fff !important;">
<p style="font-size: 9pt; line-height: 108%; margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><font style="color: #008fff; font-weight: bold; line-height: inherit;">(</font><font style="color: #008fff; font-weight: bold; line-height: inherit;">6</font><font style="color: #008fff; font-weight: bold; line-height: inherit;">,</font><font style="color: #008fff; font-weight: bold; line-height: inherit;">545</font><font style="color: #008fff; font-weight: bold; line-height: inherit;">)</font></font></p>





















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<td rowspan="2" style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 29px; border-top-width: 1pt !important; border-top-style: solid !important; border-top-color: #008fff !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #cfcdc9 !important;">
<p style="font-size: 9pt; line-height: 108%; margin: 0pt;"><font style="color: #262626; font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Average cost of gross debt</font></p>





















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<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 19px; border-top-width: 1pt !important; border-top-style: solid !important; border-top-color: #008fff !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #cfcdc9 !important;">
<p style="font-size: 9pt; line-height: 108%; margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">109% DI</font></p>





















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<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 19px; border-top-width: 1pt !important; border-top-style: solid !important; border-top-color: #008fff !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #cfcdc9 !important;">
<p style="font-size: 9pt; line-height: 108%; margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">104% DI </font></p>





















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<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 19px; border-top-width: 1pt !important; border-top-style: solid !important; border-top-color: #008fff !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #cfcdc9 !important;">
<p style="font-size: 9pt; line-height: 108%; margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">108% DI </font></p>





















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<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 10px; border-top-width: 1pt !important; border-top-style: solid !important; border-top-color: #cfcdc9 !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #cfcdc9 !important;">
<p style="font-size: 9pt; line-height: 108%; margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">DI + 0.9%</font></p>





















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<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 10px; border-top-width: 1pt !important; border-top-style: solid !important; border-top-color: #cfcdc9 !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #cfcdc9 !important;">
<p style="font-size: 9pt; line-height: 108%; margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">DI + 0.5%</font></p>





















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<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 10px; border-top-width: 1pt !important; border-top-style: solid !important; border-top-color: #cfcdc9 !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #cfcdc9 !important;">
<p style="font-size: 9pt; line-height: 108%; margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">DI + 0.9%</font></p>





















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<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 10px; border-top-width: 1pt !important; border-top-style: solid !important; border-top-color: #cfcdc9 !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #cfcdc9 !important;">
<p style="font-size: 9pt; line-height: 108%; margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><font style="color: #262626; line-height: inherit;">Average cash yield</font> <font style="color: #262626; line-height: inherit;">(% DI)</font></font></p>





















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<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 10px; border-top-width: 1pt !important; border-top-style: solid !important; border-top-color: #cfcdc9 !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #cfcdc9 !important;">
<p style="font-size: 9pt; line-height: 108%; margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">97%</font></p>





















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<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 10px; border-top-width: 1pt !important; border-top-style: solid !important; border-top-color: #cfcdc9 !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #cfcdc9 !important;">
<p style="font-size: 9pt; line-height: 108%; margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">96%</font></p>





















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<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 10px; border-top-width: 1pt !important; border-top-style: solid !important; border-top-color: #cfcdc9 !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #cfcdc9 !important;">
<p style="font-size: 9pt; line-height: 108%; margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">99%</font></p>





















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<tr style="height: 10px;">
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 10px; border-top-width: 1pt !important; border-top-style: solid !important; border-top-color: #cfcdc9 !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #051373 !important;">
<p style="font-size: 9pt; line-height: 108%; margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><font style="color: #262626; line-height: inherit;">Average gross debt duration </font><font style="color: #262626; line-height: inherit;">(years)</font></font></p>





















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<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 10px; border-top-width: 1pt !important; border-top-style: solid !important; border-top-color: #cfcdc9 !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #051373 !important;">
<p style="font-size: 9pt; line-height: 108%; margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">3.5</font></p>





















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<p style="font-size: 9pt; line-height: 108%; margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">4.3</font></p>





















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<p style="font-size: 9pt; line-height: 108%; margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">3.8</font></p>





















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<p style="font-size: 2pt; line-height: 1.2; margin: 0pt;"><br></p>
<p style="font-size: 7pt; line-height: 1.2; margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><font style="font-style: italic; line-height: inherit;">&#185;&nbsp;</font><font style="font-size: 8pt;"><font style="font-style: italic; line-height: inherit;">Adjusted LTM EBITDA does not include capital gain and closing adjustments from the sales of </font><font style="font-style: italic; line-height: inherit;">Oxiteno</font><font style="font-style: italic; line-height: inherit;"> and</font> <font style="font-style: italic; line-height: inherit;">Extrafarma</font><font style="font-style: italic; line-height: inherit;">, and extraordinary ta</font><font style="font-style: italic; line-height: inherit;">x </font><font style="font-style: italic; line-height: inherit;">credits; furthermore, it does not include the LTM result from</font> <font style="font-style: italic; line-height: inherit;">Extrafarma</font><font style="font-style: italic; line-height: inherit;"> since the closing of </font><font style="font-style: italic; line-height: inherit;">its&nbsp;</font><font style="font-style: italic; line-height: inherit;">sale</font></font></font></p>
<p style="font-size: 9pt; line-height: 1.2; margin: 6pt 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Ultrapar ended 1Q24 with a net debt of R$ 7.8 billion (1.3x Adjusted LTM EBITDA), compared to R$ 6.1 billion in December 2023 (1.1x Adjusted LTM EBITDA). The increase in the net debt is mainly due to the payment of dividends in March 2024 and the investment in working capital, resulting from the higher level of working capital at Ipiranga and the seasonal calendar effect of postponing the payments to the beginning of the year, due to the bank holiday at the end of December. The increase in the financial leverage reflects the higher net debt, attenuated by the higher LTM EBITDA.</font></p>
<p style="font-size: 9pt; line-height: 1.2; margin: 8pt 0pt; text-align: justify; text-indent: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">It is worth mentioning that there are receivables not yet included in Ultrapar's net debt related to the sales (i) of Oxiteno (US$ 150 million received in April 2024), and (ii) of Extrafarma (R$ 183 million, monetarily adjusted by CDI + 0.5% p.a. since August 2022, to be received in August 2024).</font></p>
<p style="font-size: 9pt; line-height: 1.2; margin: 6pt 0pt; text-align: justify;"><br></p>
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<p style="line-height: 90%; font-size: 10pt; font-family: Calibri, sans-serif;"><font style="font-size: 18.0pt; line-height: 90%; font-family: 'Century Gothic',sans-serif; mso-fareast-font-family: 'Century Gothic'; mso-bidi-font-family: 'Century Gothic'; color: #051473; mso-font-kerning: 12.0pt;"><font style="font-family: 'times new roman', times;">1<sup>ST</sup> QUARTER OF 2024</font><font style="mso-ligatures: none;"></font></font></p>























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<p style="font-size: 11pt; line-height: 1.2; margin: 8pt 0pt 0pt; text-indent: 0pt;"><font style="color: #051373; font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">Maturity profile and debt breakdown:</font><br></p>
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<p style="font-size: 11pt; line-height: 1.2; margin: 0pt;"><font style="color: #051373; font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit; background-color: #ffffff;"><img src="imgc6c9d847903f4076925e.jpg" style="display: block; margin-left: auto; margin-right: auto;" alt="Graphics"></font></p>
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<p style="font-size: 11pt; line-height: 1.2; margin: 0pt;"><font style="font-size: 10pt;"><img src="img8713f2d983384327b890.jpg" style="display: block; margin-left: auto; margin-right: auto;" alt="Graphics"></font><br></p>
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<p style="font-size: 3pt; line-height: 1.2; margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><font style="color: #008fff; font-weight: bold;">Updates on ESG themes</font><br></font></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 6pt 0pt; 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;">Ultrapar</font> released, in March, the <font style="font-weight: bold; line-height: inherit;">2023 Sustainability Report</font>, in line with the GRI, SASB, IIRC and TCFD methodologies, and assured by Deloitte as external audit, with disclosure of ESG indicators and initiatives. </font></p>
<p style="font-size: 9pt; line-height: 1.2; margin: 6pt 0pt; 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;">Ultragaz</font> and <font style="font-weight: bold; line-height: inherit;">Ultracargo</font> received the <font style="font-weight: bold; line-height: inherit;">silver medal from </font><font style="font-weight: bold; line-height: inherit;">Ecovadis</font> for the 2023 cycle, consolidating themselves among the 15% best evaluated companies. </font></p>
<p style="font-size: 9pt; line-height: 1.2; margin: 6pt 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">For the third consecutive year, <font style="font-weight: bold; line-height: inherit;">Ultragaz</font><font style="font-weight: bold; line-height: inherit;">, </font><font style="font-weight: bold; line-height: inherit;">Ultracargo</font> and <font style="font-weight: bold; line-height: inherit;">Ipiranga</font> acquired <font style="font-weight: bold; line-height: inherit;">renewable energy certificates</font> (I-RECs) for 100% of the energy consumed in their 2023 operations. </font></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 6pt 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">The <font style="font-weight: bold; line-height: inherit;">Ultra Institute </font>became part of the <font style="font-weight: bold; line-height: inherit;">Municipal Networks Program</font>, from <font style="font-style: italic;">Parceiros da Educa&#231;&#227;o</font>, in Santos (state of S&#227;o&nbsp;Paulo). With the investment made by the Institute, the program works to <font style="font-weight: bold; line-height: inherit;">improve basic education</font>, through strategic advice and training of technical teams, directors, coordinators and teachers from municipal and state schools in the city, benefiting more than 17 thousand students from around 40 public schools.</font></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 6pt 0pt; 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;">Ultragaz</font> started <font style="font-weight: bold; line-height: inherit;">bioGLP</font><font style="font-weight: bold; line-height: inherit;"> distribution</font>, produced from 100% renewable raw materials, sourced from a test conducted at the fluid catalytic cracking (FCC) unit of Refinaria Riograndense, in which Ultrapar holds a 33% stake. The pilot batch is already being sold to some customers, contributing to the reduction of their carbon emissions. Furthermore, in March,&nbsp;Ultragaz celebrated the graduation of the first class from the course <font style="font-weight: bold; line-height: inherit;">Awakening the Entrepreneur</font>, which was developed in partnership with the Empreende A&#237; business school and involved the training of around 20 partners and clients, supporting the development of their businesses.</font></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 6pt 0pt; 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;">Ultracargo</font> entered into a partnership with University of S&#227;o Paulo's Department of Mines and Petroleum to develop the <font style="font-weight: bold; line-height: inherit;">Operational Risk Management project </font>for the security area. Throughout the project, meetings will be held to discuss improvements, training and actions to improve operational and safety procedures. Additionally, at the beginning of the year, Ultracargo received 17 female interns selected by the <font style="font-weight: bold; line-height: inherit;">2024 Internship Program</font>, developed to promote the inclusion of women at all company locations.</font></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 6pt 0pt; 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;">Ipiranga</font> released its <font style="font-weight: bold; line-height: inherit;">2023 Sustainability Report</font>, reinforcing the commitment to transparency and integrity. Furthermore, in March,&nbsp;Ipiranga held its <font style="font-weight: bold; line-height: inherit;">sales convention</font> to an audience of more than 1,500 resellers, with panels on the irregular fuel market and the strategic value of sustainability for the business.</font></p>
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<p style="line-height: 90%; font-size: 10pt; font-family: Calibri, sans-serif;"><font style="font-size: 18.0pt; line-height: 90%; font-family: 'Century Gothic',sans-serif; mso-fareast-font-family: 'Century Gothic'; mso-bidi-font-family: 'Century Gothic'; color: #051473; mso-font-kerning: 12.0pt;"><font style="font-family: 'times new roman', times;">1<sup>ST</sup> QUARTER OF 2024</font><font style="mso-ligatures: none;"></font></font></p>























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<p style="font-size: 10pt; line-height: 108%; margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><font style="color: #ffffff; font-weight: bold; line-height: inherit;">&nbsp;</font><font style="color: #ffffff; font-weight: bold; line-height: inherit;">Capital markets</font></font></p>





















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<p style="font-size: 9pt; line-height: 108%; margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><font style="color: #ffffff; font-weight: bold; line-height: inherit;">1</font><font style="color: #ffffff; font-weight: bold; line-height: inherit;">Q</font><font style="color: #ffffff; font-weight: bold; line-height: inherit;">24</font></font></p>





















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<td style="background-color: #051373; padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; width: 14.62%; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="font-size: 9pt; line-height: 108%; margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><font style="color: #ffffff; font-weight: bold; line-height: inherit;">1</font><font style="color: #ffffff; font-weight: bold; line-height: inherit;">Q</font><font style="color: #ffffff; font-weight: bold; line-height: inherit;">23</font></font></p>





















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<td style="background-color: #051373; width: 14.62%; height: 10px; vertical-align: bottom;" valign="bottom">
<p style="font-size: 9pt; line-height: 108%; margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><font style="color: #ffffff; font-weight: bold; line-height: inherit;">4</font><font style="color: #ffffff; font-weight: bold; line-height: inherit;">Q</font><font style="color: #ffffff; font-weight: bold; line-height: inherit;">23</font></font></p>





















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<td style="background-color: #ffffff; padding-left: 0px; padding-right: 0px; padding-top: 0.75pt; width: 56.16%; height: 10px; vertical-align: bottom; margin: 0px; text-indent: 0px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #cfcdc9 !important;" valign="bottom">
<p style="font-size: 9pt; line-height: 108%; 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 style="color: #051373; font-weight: bold; line-height: inherit;">Final number of shares</font> <font style="color: #051373; font-weight: bold; line-height: inherit;">(</font><font style="color: #051373; font-weight: bold; line-height: inherit;">000</font><font style="color: #051373; font-weight: bold; line-height: inherit;">) </font></font></p>





















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<td style="background-color: #cce8ff; padding-left: 0px; padding-right: 0px; padding-top: 0.75pt; width: 14.62%; height: 10px; vertical-align: bottom; margin: 0px; text-indent: 0px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #cfcdc9 !important;" valign="bottom">
<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: 'times new roman', times; font-size: 10pt; line-height: inherit;"><font style="color: #051373; font-weight: bold; line-height: inherit;">1</font><font style="color: #051373; font-weight: bold; line-height: inherit;">,</font><font style="color: #051373; font-weight: bold; line-height: inherit;">115</font><font style="color: #051373; font-weight: bold; line-height: inherit;">,</font><font style="color: #051373; font-weight: bold; line-height: inherit;">404</font></font></p>





















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<td style="padding-left: 0px; padding-right: 0px; padding-top: 0.75pt; width: 14.62%; height: 10px; vertical-align: bottom; margin: 0px; text-indent: 0px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #cfcdc9 !important;" valign="bottom">
<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: 'times new roman', times; font-size: 10pt; line-height: inherit;"><font style="color: #051373; font-weight: bold; line-height: inherit;">1</font><font style="color: #051373; font-weight: bold; line-height: inherit;">,</font><font style="color: #051373; font-weight: bold; line-height: inherit;">115</font><font style="color: #051373; font-weight: bold; line-height: inherit;">,</font><font style="color: #051373; font-weight: bold; line-height: inherit;">204</font></font></p>





















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<td style="width: 14.62%; height: 10px; vertical-align: bottom; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #cfcdc9 !important;" valign="bottom">
<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: 'times new roman', times; font-size: 10pt; line-height: inherit;"><font style="color: #051373; font-weight: bold; line-height: inherit;">1</font><font style="color: #051373; font-weight: bold; line-height: inherit;">,</font><font style="color: #051373; font-weight: bold; line-height: inherit;">115</font><font style="color: #051373; font-weight: bold; line-height: inherit;">,</font><font style="color: #051373; font-weight: bold; line-height: inherit;">212</font></font></p>





















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<td style="padding-left: 0px; padding-right: 0px; padding-top: 0.75pt; width: 56.16%; height: 10px; vertical-align: bottom; margin: 0px; text-indent: 0px; border-top-width: 1pt !important; border-top-style: solid !important; border-top-color: #cfcdc9 !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #cfcdc9 !important;" valign="bottom">
<p style="font-size: 9pt; line-height: 108%; 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 style="color: #051373; font-weight: bold; line-height: inherit;">Market capitalization</font><font style="color: #051373; font-weight: bold; line-height: inherit;">&#185; </font><font style="color: #051373; font-weight: bold; line-height: inherit;">(R$ mil</font><font style="color: #051373; font-weight: bold; line-height: inherit;">l</font><font style="color: #051373; font-weight: bold; line-height: inherit;">ion</font><font style="color: #051373; font-weight: bold; line-height: inherit;">)</font></font></p>





















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<td style="background-color: #cce8ff; padding-left: 0px; padding-right: 0px; padding-top: 0.75pt; width: 14.62%; height: 10px; vertical-align: bottom; margin: 0px; text-indent: 0px; border-top-width: 1pt !important; border-top-style: solid !important; border-top-color: #cfcdc9 !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #cfcdc9 !important;" valign="bottom">
<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: 'times new roman', times; font-size: 10pt; line-height: inherit;"><font style="color: #051373; font-weight: bold; line-height: inherit;">31</font><font style="color: #051373; font-weight: bold; line-height: inherit;">,</font><font style="color: #051373; font-weight: bold; line-height: inherit;">756</font></font></p>





















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<td style="padding-left: 0px; padding-right: 0px; padding-top: 0.75pt; width: 14.62%; height: 10px; vertical-align: bottom; margin: 0px; text-indent: 0px; border-top-width: 1pt !important; border-top-style: solid !important; border-top-color: #cfcdc9 !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #cfcdc9 !important;" valign="bottom">
<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: 'times new roman', times; font-size: 10pt; line-height: inherit;"><font style="color: #051373; font-weight: bold; line-height: inherit;">15</font><font style="color: #051373; font-weight: bold; line-height: inherit;">,</font><font style="color: #051373; font-weight: bold; line-height: inherit;">568</font></font></p>





















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<td style="width: 14.62%; height: 10px; vertical-align: bottom; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; border-top-width: 1pt !important; border-top-style: solid !important; border-top-color: #cfcdc9 !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #cfcdc9 !important;" valign="bottom">
<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: 'times new roman', times; font-size: 10pt; line-height: inherit;"><font style="color: #051373; font-weight: bold; line-height: inherit;">29</font><font style="color: #051373; font-weight: bold; line-height: inherit;">,</font><font style="color: #051373; font-weight: bold; line-height: inherit;">564</font></font></p>





















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<tr style="height: 10px;">
<td style="padding-left: 0px; padding-right: 0px; padding-top: 0.75pt; width: 56.16%; height: 10px; vertical-align: bottom; margin: 0px; text-indent: 0px; border-top-width: 1pt !important; border-top-style: solid !important; border-top-color: #cfcdc9 !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #cfcdc9 !important;" valign="bottom">
<p style="font-size: 9pt; line-height: 108%; margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="color: #051373; font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">B3</font></p>





















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<td style="background-color: #cce8ff; padding-left: 0px; padding-right: 0px; padding-top: 0.75pt; width: 14.62%; height: 10px; vertical-align: bottom; margin: 0px; text-indent: 0px; border-top-width: 1pt !important; border-top-style: solid !important; border-top-color: #cfcdc9 !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #cfcdc9 !important;" valign="bottom">
<p style="font-size: 9pt; line-height: 108%; margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="color: #051273; font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>





















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<td style="padding-left: 0px; padding-right: 0px; padding-top: 0.75pt; width: 14.62%; height: 10px; vertical-align: bottom; margin: 0px; text-indent: 0px; border-top-width: 1pt !important; border-top-style: solid !important; border-top-color: #cfcdc9 !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #cfcdc9 !important;" valign="bottom">
<p style="font-size: 9pt; line-height: 108%; margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="color: #051273; font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>





















</td>
<td style="width: 14.62%; height: 10px; vertical-align: bottom; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; border-top-width: 1pt !important; border-top-style: solid !important; border-top-color: #cfcdc9 !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #cfcdc9 !important;" valign="bottom">
<p style="font-size: 9pt; line-height: 108%; margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="color: #051273; font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>





















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</tr>
<tr style="height: 10px;">
<td style="padding: 0px 0px 0px 18px; width: 56.16%; height: 10px; vertical-align: bottom; margin: 0px; text-indent: 0px; border-top-width: 1pt !important; border-top-style: solid !important; border-top-color: #cfcdc9 !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #cfcdc9 !important;" valign="bottom">
<p style="font-size: 9pt; line-height: 108%; margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="color: #262626; font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Average daily trading volume (000 shares)</font></p>





















</td>
<td style="background-color: #cce8ff; padding-left: 0px; padding-right: 0px; padding-top: 0.75pt; width: 14.62%; height: 10px; vertical-align: bottom; margin: 0px; text-indent: 0px; border-top-width: 1pt !important; border-top-style: solid !important; border-top-color: #cfcdc9 !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #cfcdc9 !important;" valign="bottom">
<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: 'times new roman', times; font-size: 10pt; line-height: inherit;">5,366</font></p>





















</td>
<td style="padding-left: 0px; padding-right: 0px; padding-top: 0.75pt; width: 14.62%; height: 10px; vertical-align: bottom; margin: 0px; text-indent: 0px; border-top-width: 1pt !important; border-top-style: solid !important; border-top-color: #cfcdc9 !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #cfcdc9 !important;" valign="bottom">
<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: 'times new roman', times; font-size: 10pt; line-height: inherit;"><font style="color: #262626; line-height: inherit;">6</font><font style="color: #262626; line-height: inherit;">,</font><font style="color: #262626; line-height: inherit;">959</font></font></p>





















</td>
<td style="width: 14.62%; height: 10px; vertical-align: bottom; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; border-top-width: 1pt !important; border-top-style: solid !important; border-top-color: #cfcdc9 !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #cfcdc9 !important;" valign="bottom">
<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: 'times new roman', times; font-size: 10pt; line-height: inherit;"><font style="color: #262626; line-height: inherit;">6</font><font style="color: #262626; line-height: inherit;">,</font><font style="color: #262626; line-height: inherit;">592</font></font></p>





















</td>





















</tr>
<tr style="height: 10px;">
<td style="padding: 0px 0px 0px 18px; width: 56.16%; height: 10px; vertical-align: bottom; margin: 0px; text-indent: 0px; border-top-width: 1pt !important; border-top-style: solid !important; border-top-color: #cfcdc9 !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #cfcdc9 !important;" valign="bottom">
<p style="font-size: 9pt; line-height: 108%; margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="color: #262626; font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Average daily financial volume (R$ 000)</font></p>





















</td>
<td style="background-color: #cce8ff; padding-left: 0px; padding-right: 0px; padding-top: 0.75pt; width: 14.62%; height: 10px; vertical-align: bottom; margin: 0px; text-indent: 0px; border-top-width: 1pt !important; border-top-style: solid !important; border-top-color: #cfcdc9 !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #cfcdc9 !important;" valign="bottom">
<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: 'times new roman', times; font-size: 10pt; line-height: inherit;">153,270</font></p>





















</td>
<td style="padding-left: 0px; padding-right: 0px; padding-top: 0.75pt; width: 14.62%; height: 10px; vertical-align: bottom; margin: 0px; text-indent: 0px; border-top-width: 1pt !important; border-top-style: solid !important; border-top-color: #cfcdc9 !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #cfcdc9 !important;" valign="bottom">
<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: 'times new roman', times; font-size: 10pt; line-height: inherit;"><font style="color: #262626; line-height: inherit;">90</font><font style="color: #262626; line-height: inherit;">,</font><font style="color: #262626; line-height: inherit;">880</font></font></p>





















</td>
<td style="width: 14.62%; height: 10px; vertical-align: bottom; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; border-top-width: 1pt !important; border-top-style: solid !important; border-top-color: #cfcdc9 !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #cfcdc9 !important;" valign="bottom">
<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: 'times new roman', times; font-size: 10pt; line-height: inherit;"><font style="color: #262626; line-height: inherit;">151</font><font style="color: #262626; line-height: inherit;">,</font><font style="color: #262626; line-height: inherit;">512</font></font></p>





















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</tr>
<tr style="height: 10px;">
<td style="padding: 0px 0px 0px 18px; width: 56.16%; height: 10px; vertical-align: bottom; margin: 0px; text-indent: 0px; border-top-width: 1pt !important; border-top-style: solid !important; border-top-color: #cfcdc9 !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #cfcdc9 !important;" valign="bottom">
<p style="font-size: 10pt; line-height: 108%; margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="color: #262626; font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Average share price (R$/share)</font></p>





















</td>
<td style="background-color: #cce8ff; padding-left: 0px; padding-right: 0px; padding-top: 0.75pt; width: 14.62%; height: 10px; vertical-align: bottom; margin: 0px; text-indent: 0px; border-top-width: 1pt !important; border-top-style: solid !important; border-top-color: #cfcdc9 !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #cfcdc9 !important;" valign="bottom">
<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: 'times new roman', times; font-size: 10pt; line-height: inherit;">28.56</font></p>





















</td>
<td style="padding-left: 0px; padding-right: 0px; padding-top: 0.75pt; width: 14.62%; height: 10px; vertical-align: bottom; margin: 0px; text-indent: 0px; border-top-width: 1pt !important; border-top-style: solid !important; border-top-color: #cfcdc9 !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #cfcdc9 !important;" valign="bottom">
<p style="font-size: 9pt; line-height: 108%; margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="color: #262626; font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">13.06</font></p>





















</td>
<td style="width: 14.62%; height: 10px; vertical-align: bottom; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; border-top-width: 1pt !important; border-top-style: solid !important; border-top-color: #cfcdc9 !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #cfcdc9 !important;" valign="bottom">
<p style="font-size: 9pt; line-height: 108%; margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="color: #262626; font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">22.99</font></p>





















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<tr style="height: 10px;">
<td style="padding-left: 0px; padding-right: 0px; padding-top: 0.75pt; width: 56.16%; height: 10px; vertical-align: bottom; margin: 0px; text-indent: 0px; border-top-width: 1pt !important; border-top-style: solid !important; border-top-color: #cfcdc9 !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #cfcdc9 !important;" valign="bottom">
<p style="font-size: 9pt; line-height: 108%; margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="color: #051373; font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">NYSE</font></p>





















</td>
<td style="background-color: #cce8ff; padding-left: 0px; padding-right: 0px; padding-top: 0.75pt; width: 14.62%; height: 10px; vertical-align: bottom; margin: 0px; text-indent: 0px; border-top-width: 1pt !important; border-top-style: solid !important; border-top-color: #cfcdc9 !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #cfcdc9 !important;" valign="bottom">
<p style="font-size: 9pt; line-height: 108%; margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><br></p>





















</td>
<td style="padding-left: 0px; padding-right: 0px; padding-top: 0.75pt; width: 14.62%; height: 10px; vertical-align: bottom; margin: 0px; text-indent: 0px; border-top-width: 1pt !important; border-top-style: solid !important; border-top-color: #cfcdc9 !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #cfcdc9 !important;" valign="bottom">
<p style="font-size: 9pt; line-height: 108%; margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="color: #262626; font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>





















</td>
<td style="width: 14.62%; height: 10px; vertical-align: bottom; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; border-top-width: 1pt !important; border-top-style: solid !important; border-top-color: #cfcdc9 !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #cfcdc9 !important;" valign="bottom">
<p style="font-size: 9pt; line-height: 108%; margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="color: #262626; font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>





















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<tr style="height: 10px;">
<td style="padding: 0px 0px 0px 18px; width: 56.16%; height: 10px; vertical-align: bottom; margin: 0px; text-indent: 0px; border-top-width: 1pt !important; border-top-style: solid !important; border-top-color: #cfcdc9 !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #cfcdc9 !important;" valign="bottom">
<p style="font-size: 9pt; line-height: 108%; margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="color: #262626; font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Quantity of ADRs&#178; (000 ADRs)</font></p>





















</td>
<td style="background-color: #cce8ff; padding-left: 0px; padding-right: 0px; padding-top: 0.75pt; width: 14.62%; height: 10px; vertical-align: bottom; margin: 0px; text-indent: 0px; border-top-width: 1pt !important; border-top-style: solid !important; border-top-color: #cfcdc9 !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #cfcdc9 !important;" valign="bottom">
<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: 'times new roman', times; font-size: 10pt; line-height: inherit;">56,388</font></p>





















</td>
<td style="padding-left: 0px; padding-right: 0px; padding-top: 0.75pt; width: 14.62%; height: 10px; vertical-align: bottom; margin: 0px; text-indent: 0px; border-top-width: 1pt !important; border-top-style: solid !important; border-top-color: #cfcdc9 !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #cfcdc9 !important;" valign="bottom">
<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: 'times new roman', times; font-size: 10pt; line-height: inherit;"><font style="color: #262626; line-height: inherit;">60</font><font style="color: #262626; line-height: inherit;">,</font><font style="color: #262626; line-height: inherit;">509</font></font></p>





















</td>
<td style="width: 14.62%; height: 10px; vertical-align: bottom; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; border-top-width: 1pt !important; border-top-style: solid !important; border-top-color: #cfcdc9 !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #cfcdc9 !important;" valign="bottom">
<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: 'times new roman', times; font-size: 10pt; line-height: inherit;"><font style="color: #262626; line-height: inherit;">5</font><font style="color: #262626; line-height: inherit;">2</font><font style="color: #262626; line-height: inherit;">,</font><font style="color: #262626; line-height: inherit;">197</font></font></p>





















</td>





















</tr>
<tr style="height: 10px;">
<td style="padding: 0px 0px 0px 18px; width: 56.16%; height: 10px; vertical-align: bottom; margin: 0px; text-indent: 0px; border-top-width: 1pt !important; border-top-style: solid !important; border-top-color: #cfcdc9 !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #cfcdc9 !important;" valign="bottom">
<p style="font-size: 9pt; line-height: 108%; margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="color: #262626; font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Average daily trading volume (000 ADRs)</font></p>





















</td>
<td style="background-color: #cce8ff; padding-left: 0px; padding-right: 0px; padding-top: 0.75pt; width: 14.62%; height: 10px; vertical-align: bottom; margin: 0px; text-indent: 0px; border-top-width: 1pt !important; border-top-style: solid !important; border-top-color: #cfcdc9 !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #cfcdc9 !important;" valign="bottom">
<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: 'times new roman', times; font-size: 10pt; line-height: inherit;">1,443</font></p>





















</td>
<td style="padding-left: 0px; padding-right: 0px; padding-top: 0.75pt; width: 14.62%; height: 10px; vertical-align: bottom; margin: 0px; text-indent: 0px; border-top-width: 1pt !important; border-top-style: solid !important; border-top-color: #cfcdc9 !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #cfcdc9 !important;" valign="bottom">
<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: 'times new roman', times; font-size: 10pt; line-height: inherit;"><font style="color: #262626; line-height: inherit;">1</font><font style="color: #262626; line-height: inherit;">,</font><font style="color: #262626; line-height: inherit;">596</font></font></p>





















</td>
<td style="width: 14.62%; height: 10px; vertical-align: bottom; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; border-top-width: 1pt !important; border-top-style: solid !important; border-top-color: #cfcdc9 !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #cfcdc9 !important;" valign="bottom">
<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: 'times new roman', times; font-size: 10pt; line-height: inherit;"><font style="color: #262626; line-height: inherit;">1</font><font style="color: #262626; line-height: inherit;">,</font><font style="color: #262626; line-height: inherit;">400</font></font></p>





















</td>





















</tr>
<tr style="height: 10px;">
<td style="background-color: #ffffff; padding: 0px 0px 0px 18px; width: 56.16%; height: 10px; vertical-align: bottom; margin: 0px; text-indent: 0px; border-top-width: 1pt !important; border-top-style: solid !important; border-top-color: #cfcdc9 !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #cfcdc9 !important;" valign="bottom">
<p style="font-size: 9pt; line-height: 108%; margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="color: #262626; font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Average daily financial volume (US$ 000)</font></p>





















</td>
<td style="background-color: #cce8ff; padding-left: 0px; padding-right: 0px; padding-top: 0.75pt; width: 14.62%; height: 10px; vertical-align: bottom; margin: 0px; text-indent: 0px; border-top-width: 1pt !important; border-top-style: solid !important; border-top-color: #cfcdc9 !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #cfcdc9 !important;" valign="bottom">
<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: 'times new roman', times; font-size: 10pt; line-height: inherit;">8,361</font></p>





















</td>
<td style="padding-left: 0px; padding-right: 0px; padding-top: 0.75pt; width: 14.62%; height: 10px; vertical-align: bottom; margin: 0px; text-indent: 0px; border-top-width: 1pt !important; border-top-style: solid !important; border-top-color: #cfcdc9 !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #cfcdc9 !important;" valign="bottom">
<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: 'times new roman', times; font-size: 10pt; line-height: inherit;"><font style="color: #262626; line-height: inherit;">4</font><font style="color: #262626; line-height: inherit;">,</font><font style="color: #262626; line-height: inherit;">043</font></font></p>





















</td>
<td style="width: 14.62%; height: 10px; vertical-align: bottom; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; border-top-width: 1pt !important; border-top-style: solid !important; border-top-color: #cfcdc9 !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #cfcdc9 !important;" valign="bottom">
<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: 'times new roman', times; font-size: 10pt; line-height: inherit;"><font style="color: #262626; line-height: inherit;">6</font><font style="color: #262626; line-height: inherit;">,</font><font style="color: #262626; line-height: inherit;">486</font></font></p>





















</td>





















</tr>
<tr style="height: 10px;">
<td style="background-color: #ffffff; padding: 0px 0px 0px 18px; width: 56.16%; height: 10px; vertical-align: bottom; margin: 0px; text-indent: 0px; border-top-width: 1pt !important; border-top-style: solid !important; border-top-color: #cfcdc9 !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #cfcdc9 !important;" valign="bottom">
<p style="font-size: 9pt; line-height: 108%; margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="color: #262626; font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Average share price (US$/ADR)</font></p>





















</td>
<td style="background-color: #cce8ff; padding-left: 0px; padding-right: 0px; padding-top: 0.75pt; width: 14.62%; height: 10px; vertical-align: bottom; margin: 0px; text-indent: 0px; border-top-width: 1pt !important; border-top-style: solid !important; border-top-color: #cfcdc9 !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #cfcdc9 !important;" valign="bottom">
<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: 'times new roman', times; font-size: 10pt; line-height: inherit;">5.79</font></p>





















</td>
<td style="padding-left: 0px; padding-right: 0px; padding-top: 0.75pt; width: 14.62%; height: 10px; vertical-align: bottom; margin: 0px; text-indent: 0px; border-top-width: 1pt !important; border-top-style: solid !important; border-top-color: #cfcdc9 !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #cfcdc9 !important;" valign="bottom">
<p style="font-size: 9pt; line-height: 108%; margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="color: #262626; font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">2.53</font></p>





















</td>
<td style="width: 14.62%; height: 10px; vertical-align: bottom; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; border-top-width: 1pt !important; border-top-style: solid !important; border-top-color: #cfcdc9 !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #cfcdc9 !important;" valign="bottom">
<p style="font-size: 9pt; line-height: 108%; margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="color: #262626; font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">4.63</font></p>





















</td>





















</tr>
<tr style="height: 10px;">
<td style="padding-left: 0px; padding-right: 0px; padding-top: 0.75pt; width: 56.16%; height: 10px; vertical-align: bottom; margin: 0px; text-indent: 0px; border-top-width: 1pt !important; border-top-style: solid !important; border-top-color: #cfcdc9 !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #cfcdc9 !important;" valign="bottom">
<p style="font-size: 9pt; line-height: 108%; margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="color: #051373; font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">Total</font></p>





















</td>
<td style="background-color: #cce8ff; padding-left: 0px; padding-right: 0px; padding-top: 0.75pt; width: 14.62%; height: 10px; vertical-align: bottom; margin: 0px; text-indent: 0px; border-top-width: 1pt !important; border-top-style: solid !important; border-top-color: #cfcdc9 !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #cfcdc9 !important;" valign="bottom">
<p style="font-size: 9pt; line-height: 108%; margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><br></p>





















</td>
<td style="padding-left: 0px; padding-right: 0px; padding-top: 0.75pt; width: 14.62%; height: 10px; vertical-align: bottom; margin: 0px; text-indent: 0px; border-top-width: 1pt !important; border-top-style: solid !important; border-top-color: #cfcdc9 !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #cfcdc9 !important;" valign="bottom">
<p style="font-size: 9pt; line-height: 108%; margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="color: #262626; font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>





















</td>
<td style="width: 14.62%; height: 10px; vertical-align: bottom; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; border-top-width: 1pt !important; border-top-style: solid !important; border-top-color: #cfcdc9 !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #cfcdc9 !important;" valign="bottom">
<p style="font-size: 9pt; line-height: 108%; margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="color: #262626; font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>





















</td>





















</tr>
<tr style="height: 10px;">
<td style="background-color: #ffffff; padding: 0px 0px 0px 18px; width: 56.16%; height: 10px; vertical-align: bottom; margin: 0px; text-indent: 0px; border-top-width: 1pt !important; border-top-style: solid !important; border-top-color: #cfcdc9 !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #cfcdc9 !important;" valign="bottom">
<p style="font-size: 9pt; line-height: 108%; margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="color: #262626; font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Average daily trading volume (000 shares)</font></p>





















</td>
<td style="background-color: #cce8ff; padding-left: 0px; padding-right: 0px; padding-top: 0.75pt; width: 14.62%; height: 10px; vertical-align: bottom; margin: 0px; text-indent: 0px; border-top-width: 1pt !important; border-top-style: solid !important; border-top-color: #cfcdc9 !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #cfcdc9 !important;" valign="bottom">
<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: 'times new roman', times; font-size: 10pt; line-height: inherit;">6,809</font></p>





















</td>
<td style="padding-left: 0px; padding-right: 0px; padding-top: 0.75pt; width: 14.62%; height: 10px; vertical-align: bottom; margin: 0px; text-indent: 0px; border-top-width: 1pt !important; border-top-style: solid !important; border-top-color: #cfcdc9 !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #cfcdc9 !important;" valign="bottom">
<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: 'times new roman', times; font-size: 10pt; line-height: inherit;"><font style="color: #262626; line-height: inherit;">8</font><font style="color: #262626; line-height: inherit;">,</font><font style="color: #262626; line-height: inherit;">555</font></font></p>





















</td>
<td style="width: 14.62%; height: 10px; vertical-align: bottom; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; border-top-width: 1pt !important; border-top-style: solid !important; border-top-color: #cfcdc9 !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #cfcdc9 !important;" valign="bottom">
<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: 'times new roman', times; font-size: 10pt; line-height: inherit;"><font style="color: #262626; line-height: inherit;">7</font><font style="color: #262626; line-height: inherit;">,</font><font style="color: #262626; line-height: inherit;">992</font></font></p>





















</td>





















</tr>
<tr style="height: 10px;">
<td style="background-color: #ffffff; padding: 0px 0px 0px 18px; width: 56.16%; height: 10px; vertical-align: bottom; margin: 0px; text-indent: 0px; border-top-width: 1pt !important; border-top-style: solid !important; border-top-color: #cfcdc9 !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #051373 !important;" valign="bottom">
<p style="font-size: 9pt; line-height: 108%; margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="color: #262626; font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Average daily financial volume (R$ 000)</font></p>





















</td>
<td style="background-color: #cce8ff; padding-left: 0px; padding-right: 0px; padding-top: 0.75pt; width: 14.62%; height: 10px; vertical-align: bottom; margin: 0px; text-indent: 0px; border-top-width: 1pt !important; border-top-style: solid !important; border-top-color: #cfcdc9 !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #051373 !important;" valign="bottom">
<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: 'times new roman', times; font-size: 10pt; line-height: inherit;">194,694</font></p>





















</td>
<td style="background-color: #ffffff; padding-left: 0px; padding-right: 0px; padding-top: 0.75pt; width: 14.62%; height: 10px; vertical-align: bottom; margin: 0px; text-indent: 0px; border-top-width: 1pt !important; border-top-style: solid !important; border-top-color: #cfcdc9 !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #051373 !important;" valign="bottom">
<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: 'times new roman', times; font-size: 10pt; line-height: inherit;"><font style="color: #262626; line-height: inherit;">111</font><font style="color: #262626; line-height: inherit;">,</font><font style="color: #262626; line-height: inherit;">871</font></font></p>





















</td>
<td style="background-color: #ffffff; width: 14.62%; height: 10px; vertical-align: bottom; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; border-top-width: 1pt !important; border-top-style: solid !important; border-top-color: #cfcdc9 !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #051373 !important;" valign="bottom">
<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: 'times new roman', times; font-size: 10pt; line-height: inherit;"><font style="color: #262626; line-height: inherit;">183</font><font style="color: #262626; line-height: inherit;">,</font><font style="color: #262626; line-height: inherit;">591</font></font></p>





















</td>





















</tr>











































</table>





<font style="text-align: justify; font-size: 10pt; text-indent: 21.25pt;"><font style="font-size: 8pt;"><sup>1</sup></font> </font><font style="text-align: justify; text-indent: 0pt; font-size: 8pt;"><font style="text-indent: 21.25pt; font-style: italic; line-height: inherit;">Calcul</font><font style="text-indent: 21.25pt; font-style: italic; line-height: inherit;">ated on the closing price for the period</font></font></div>
<div style="font-family: 'times new roman', times; font-size: 10pt; text-indent: 0pt;"><font style="font-size: 8pt;"><sup style="font-style: italic; text-align: justify; text-indent: 0pt;">2</sup> </font><font style="font-style: italic; text-align: justify; text-indent: 0pt; font-size: 8pt;">1 ADR = 1 common share</font></div>
<div style="font-family: 'times new roman', times; font-size: 10pt; text-indent: 0pt;">
<p style="margin: 0px; text-align: justify; text-indent: 0px; line-height: 1.2;"><br></p>
<div>
<table style="width: 100%; font-family: 'times new roman'; font-size: 10pt;">

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
















</tr>

































</table>
<hr class="horizontalLineRemoved" style="border-bottom-color: #000000; border-top-color: #000000; color: #000000; background-color: #000000;"></hr>
<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div>
















</div>
<p style="font-size: 10pt; line-height: 1.2; margin: 0px; text-align: justify; text-indent: 0px;"><br></p>
<table style="width: 100%; border-collapse: collapse; font-family: 'times new roman'; font-size: 10pt;">

<tr>
<td style="width: 50%; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #051272 !important;">
<p style="line-height: 90%; font-size: 10pt; font-family: Calibri, sans-serif;"><font style="font-size: 18.0pt; line-height: 90%; font-family: 'Century Gothic',sans-serif; mso-fareast-font-family: 'Century Gothic'; mso-bidi-font-family: 'Century Gothic'; color: #051473; mso-font-kerning: 12.0pt;"><font style="font-family: 'times new roman', times;">1<sup>ST</sup> QUARTER OF 2024</font><font style="mso-ligatures: none;"></font></font></p>























</td>
<td style="width: 50%; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #051272 !important;"><img src="img46d94e39fa544349b50a.jpg" style="float: right;" alt="Graphics"></td>


















</tr>





































</table>
<p style="font-size: 10pt; line-height: 1.2; margin: 10pt 0pt 10pt; text-align: justify; text-indent: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Ultrapar's&nbsp;combined average daily financial volume on B3 and NYSE totaled R$ 195 million/day in 1Q24 (+74% vs 1Q23). Ultrapar's shares ended the quarter quoted at R$ 28.47 on B3, an appreciation of 7% in the quarter, while the Ibovespa index depreciated 5%. In NYSE, Ultrapar's shares and the Dow Jones stock index appreciated 6%. Ultrapar ended 1Q24 with a market cap of R$ 32 billion.</font></p>
<p style="font-size: 9pt; line-height: 1.2; margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><font style="color: #051373; font-weight: bold; line-height: inherit;">UGPA3 x Ibovespa</font><font style="color: #051373; font-weight: bold; line-height: inherit;"> Performance</font></font></p>
<p style="font-size: 8pt; line-height: 1.2; margin: 0pt 0pt 8pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><font style="color: #051373; font-weight: bold; line-height: inherit;">(</font><font style="color: #051373; font-weight: bold; line-height: inherit;">Dec 28, 2023 =</font><font style="color: #051373; font-weight: bold; line-height: inherit;"> 100)</font></font><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="font-size: 12pt; line-height: 1.2; margin: 0pt 0pt 8pt; text-align: center;"><img src="imgba1b9c2d0f6646af8075.jpg" alt="Graphics"></p>
<p style="line-height: 1.2; text-align: center;;margin:0pt"><br></p>
<p style="font-size: 12pt; line-height: 1.2; margin: 0pt 0pt 8pt; text-align: left;"><font style="font-size: 10pt; color: #008fff; font-weight: bold;">1Q24 Conference call</font></p>
















Ultrapar<font style="font-size: 10pt; text-align: justify; text-indent: 0pt;"> will host a conference call for analysts and investors on May 9, 2024, to comment on the Company&#8217;s performance in the first quarter of 2024 and outlook. The presentation will be available for download in the Company&#8217;s website 30 minutes prior to the conference call.</font>
<p style="font-size: 9.5pt; line-height: 1.2; margin: 8pt 0pt 6pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">The conference call will be transmitted via webcast and held in Portuguese with simultaneous translation into English. The access link is available at ri.ultra.com.br. Please connect 10 minutes in advance.</font></p>
<p style="margin: 0pt; line-height: 1.2;"><font style="color: #051373; font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">Conference call in Portuguese with simultaneous translation to English</font></p>
<p style="margin: 0pt; line-height: 1.2;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><font style="color: #051373; font-weight: bold; line-height: inherit;">Time</font><font style="color: #051373; font-weight: bold; line-height: inherit;">: 11h00 (BRT) </font><font style="color: #051373; font-weight: bold; line-height: inherit;">/ </font><font style="color: #051373; font-weight: bold; line-height: inherit;">10</font><font style="color: #051373; font-weight: bold; line-height: inherit;">h00 (E</font><font style="color: #051373; font-weight: bold; line-height: inherit;">D</font><font style="color: #051373; font-weight: bold; line-height: inherit;">T)</font></font></p>
<p style="margin: 0px; line-height: 1.2; text-indent: 0px;"><br></p>
<p style="margin: 0pt; line-height: 1.2;"><br></p>
<div>
<table style="width: 100%; font-family: 'times new roman'; font-size: 10pt;">

<tr>
<td class="pgno" style="padding: 0px; text-align: center;"><font style="font-size: 10pt;" class="pageno"><font class='pageno'>94</font></font></td>
















</tr>

































</table>
<hr class="horizontalLineRemoved" style="border-bottom-color: #000000; border-top-color: #000000; color: #000000; background-color: #000000;"></hr>
<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div>
















</div>
<p style="margin:0pt"><br></p>




















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

<tr>
<td style="width: 50%; border-bottom-width: 2px; border-bottom-style: solid; border-bottom-color: #051272;">
<p style="line-height: 90%; font-size: 10pt; font-family: Calibri, sans-serif;"><font style="font-size: 18.0pt; line-height: 90%; font-family: 'Century Gothic',sans-serif; mso-fareast-font-family: 'Century Gothic'; mso-bidi-font-family: 'Century Gothic'; color: #051473; mso-font-kerning: 12.0pt;"><font style="font-family: 'times new roman', times;">1<sup>ST</sup> QUARTER OF 2024</font><font style="mso-ligatures: none;"></font></font></p>









</td>
<td style="width: 50%; border-bottom-width: 2px; border-bottom-style: solid; border-bottom-color: #051272;"><img src="img46d94e39fa544349b50a.jpg" style="float: right;" alt="Graphics"></td>




</tr>









</table>
<p style="text-align: right; text-indent: 0pt; margin: 8pt 0pt 0pt;"><font style="color: #008fff; font-family: 'Century Gothic', sans-serif; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: bold; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: nowrap; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial;">&nbsp;</font><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="color: #008fff; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: bold; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: nowrap; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">In million of&nbsp;</font><font style="color: #008fff; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: bold; letter-spacing: normal; orphans: 2; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: nowrap; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Reais</font></font></p>
<table border="0" cellpadding="0" cellspacing="0" width="100%" style="height: 947px; border-collapse: collapse; width: 100%; margin-left: 0.1px; white-space: normal; font-family: 'times new roman'; font-size: 10pt;">





<tr style="height: 10px;">
<td height="54" style="height: 10px; padding: 0px; color: #ffffff; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; text-align: left; background: #051373; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000; border-left-width: 1pt; border-left-style: solid; border-left-color: #000000; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;"><font style="font-family: 'times new roman', times; font-size: 10pt;">ULTRAPAR
  - Balance sheet</font></td>
<td style="padding: 0px; color: #ffffff; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; text-align: center; background: #051373; height: 10px; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;</font>MAR 24<font style="mso-spacerun: yes;">&nbsp;</font></font></td>
<td style="padding: 0px; color: #ffffff; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; text-align: center; background: #051373; height: 10px; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;"><br></td>
<td style="padding: 0px; color: #ffffff; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; text-align: center; background: #051373; height: 10px; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;</font>MAR 23<font style="mso-spacerun: yes;">&nbsp;</font></font></td>
<td style="padding: 0px; color: #ffffff; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; text-align: center; background: #051373; height: 10px; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;"><br></td>
<td style="padding: 0px; color: #ffffff; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; text-align: center; background: #051373; height: 10px; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000; border-right-width: 1pt; border-right-style: solid; border-right-color: #000000;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;</font>DEC 23<font style="mso-spacerun: yes;">&nbsp;</font></font></td>





</tr>
<tr style="height: 16px;">
<td style="padding: 0px; color: #051373; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: left; width: 68%; height: 16px;"><br></td>
<td style="padding: 0px 3px 0px 0px; color: #051273; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: right; width: 10%; height: 16px;"><br></td>
<td style="padding: 0px; color: #051273; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: right; width: 1%; height: 16px;"><br></td>
<td style="padding: 0px 3px 0px 0px; color: #051273; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: center; width: 10%; height: 16px;"><br></td>
<td style="padding: 0px; color: #051273; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: center; width: 1%; height: 16px;"><br></td>
<td style="padding: 0px 3px 0px 0px; color: #051273; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: center; width: 10%; height: 16px;"><br></td>





</tr>
<tr style="height: 12px;">
<td height="17" style="height: 12px; padding: 0px; color: #051373; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: left; width: 68%;"><font style="font-family: 'times new roman', times; font-size: 10pt;">ASSETS</font></td>
<td style="padding: 0px 3px 0px 0px; color: #051273; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right; width: 10%;"></td>
<td style="padding: 0px; color: #051273; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: right; width: 1%; height: 12px;"><br></td>
<td style="padding: 0px 3px 0px 0px; color: #051273; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: center; height: 12px; width: 10%;"></td>
<td style="padding: 0px; color: #051273; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: center; width: 1%; height: 12px;"><br></td>
<td style="padding: 0px 3px 0px 0px; color: #051273; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: center; height: 12px; width: 10%;"></td>





</tr>
<tr style="height: 16px;">
<td style="padding: 0px; color: #051373; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: left; width: 68%; height: 16px;"><br></td>
<td style="padding: 0px 3px 0px 0px; color: #051273; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: right; width: 10%; height: 16px;"><br></td>
<td style="padding: 0px; color: #051273; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: right; width: 1%; height: 16px;"><br></td>
<td style="padding: 0px 3px 0px 0px; color: #051273; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: center; width: 10%; height: 16px;"><br></td>
<td style="padding: 0px; color: #051273; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: center; width: 1%; height: 16px;"><br></td>
<td style="padding: 0px 3px 0px 0px; color: #051273; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: center; width: 10%; height: 16px;"><br></td>





</tr>
<tr style="height: 12px;">
<td height="17" style="height: 12px; padding: 0px 0px 0px 18px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: left;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Cash and cash equivalents</font></td>
<td align="right" style="padding: 0px 3px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">3,747.6</font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: right; height: 12px;"><br></td>
<td align="right" style="padding: 0px 3px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">4,361.8</font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px;"><br></td>
<td align="right" style="padding: 0px 3px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">5,925.7</font></td>





</tr>
<tr style="height: 12px;">
<td height="17" style="height: 12px; padding: 0px 0px 0px 18px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: left;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Financial investments and
  derivative financial instruments</font></td>
<td align="right" style="padding: 0px 3px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">309.5</font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: right; height: 12px;"><br></td>
<td align="right" style="padding: 0px 3px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">258.3</font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px;"><br></td>
<td align="right" style="padding: 0px 3px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">292.9</font></td>





</tr>
<tr style="height: 12px;">
<td height="17" style="height: 12px; padding: 0px 0px 0px 18px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: left;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Trade receivables and reseller
  financing</font></td>
<td align="right" style="padding: 0px 3px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">4,206.9</font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: right; height: 12px;"><br></td>
<td align="right" style="padding: 0px 3px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">4,266.1</font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px;"><br></td>
<td align="right" style="padding: 0px 3px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">4,426.7</font></td>





</tr>
<tr style="height: 12px;">
<td height="17" style="height: 12px; padding: 0px 0px 0px 18px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: left;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Trade receivables - sale of
  subsidiaries</font></td>
<td align="right" style="padding: 0px 3px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">963.7</font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: right; height: 12px;"><br></td>
<td align="right" style="padding: 0px 3px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">189.4</font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px;"><br></td>
<td align="right" style="padding: 0px 3px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">924.4</font></td>





</tr>
<tr style="height: 12px;">
<td height="17" style="height: 12px; padding: 0px 0px 0px 18px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: left;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Inventories</font></td>
<td align="right" style="padding: 0px 3px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">4,371.9</font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: right; height: 12px;"><br></td>
<td align="right" style="padding: 0px 3px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">3,782.5</font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px;"><br></td>
<td align="right" style="padding: 0px 3px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">4,291.4</font></td>





</tr>
<tr style="height: 12px;">
<td height="17" style="height: 12px; padding: 0px 0px 0px 18px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: left;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Recoverable taxes</font></td>
<td align="right" style="padding: 0px 3px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">1,688.2</font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: right; height: 12px;"><br></td>
<td align="right" style="padding: 0px 3px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">1,609.4</font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px;"><br></td>
<td align="right" style="padding: 0px 3px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">1,633.3</font></td>





</tr>
<tr style="height: 12px;">
<td height="17" style="height: 12px; padding: 0px 0px 0px 18px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: left;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Prepaid expenses</font></td>
<td align="right" style="padding: 0px 3px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">184.7</font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: right; height: 12px;"><br></td>
<td align="right" style="padding: 0px 3px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">173.1</font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px;"><br></td>
<td align="right" style="padding: 0px 3px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">99.9</font></td>





</tr>
<tr style="height: 12px;">
<td height="17" style="height: 12px; padding: 0px 0px 0px 18px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: left;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Contractual assets with
  customers - exclusive rights</font></td>
<td align="right" style="padding: 0px 3px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">779.2</font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: right; height: 12px;"><br></td>
<td align="right" style="padding: 0px 3px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">672.6</font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px;"><br></td>
<td align="right" style="padding: 0px 3px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">787.2</font></td>





</tr>
<tr style="height: 12px;">
<td height="17" style="height: 12px; padding: 0px 0px 0px 18px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: left;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Other receivables</font></td>
<td align="right" style="padding: 0px 3px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">323.3</font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: right; height: 12px;"><br></td>
<td align="right" style="padding: 0px 3px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">166.7</font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px;"><br></td>
<td align="right" style="padding: 0px 3px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">267.4</font></td>





</tr>
<tr style="height: 18px;">
<td height="24" style="height: 18px; padding: 0px; color: #008fff; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; text-align: left; border-top-width: 1px; border-top-style: solid; border-top-color: #008fff !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #008fff !important; border-left-width: 1px; border-left-style: solid; border-left-color: #008fff !important;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Total Current Assets</font></td>
<td style="padding: 0px 3px 0px 0px; color: #008fff; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; height: 18px; text-align: right; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #008fff !important; border-bottom-color: #008fff !important;"><font style="font-family: 'times new roman', times; font-size: 10pt;">16,574.9 </font></td>
<td style="padding: 0px; color: #008fff; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; text-align: right; height: 18px; border-top-width: 1px; border-top-style: solid; border-top-color: #008fff !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #008fff !important;"><br></td>
<td style="padding: 0px 3px 0px 0px; color: #008fff; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; height: 18px; text-align: right; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #008fff !important; border-bottom-color: #008fff !important;"><font style="font-family: 'times new roman', times; font-size: 10pt;">15,479.8 </font></td>
<td style="padding: 0px; color: #008fff; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; text-align: center; height: 18px; border-top-width: 1px; border-top-style: solid; border-top-color: #008fff !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #008fff !important;"><br></td>
<td style="padding: 0px 3px 0px 0px; color: #008fff; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; height: 18px; text-align: right; 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: #008fff !important; border-bottom-color: #008fff !important; border-right-color: #008fff !important;"><font style="font-family: 'times new roman', times; font-size: 10pt;">18,648.9 </font></td>





</tr>
<tr style="height: 12px;">
<td height="17" style="height: 12px; padding: 0px 0px 0px 18px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: left;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Financial investments and
  hedge derivative financial instruments</font></td>
<td align="right" style="padding: 0px 3px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">2,550.0</font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: right; height: 12px;"><br></td>
<td align="right" style="padding: 0px 3px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">505.4</font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px;"><br></td>
<td align="right" style="padding: 0px 3px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">951.9</font></td>





</tr>
<tr style="height: 12px;">
<td height="17" style="height: 12px; padding: 0px 0px 0px 18px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: left;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Trade receivables and reseller
  financing</font></td>
<td align="right" style="padding: 0px 3px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">599.2</font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: right; height: 12px;"><br></td>
<td align="right" style="padding: 0px 3px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">580.9</font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px;"><br></td>
<td align="right" style="padding: 0px 3px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">563.9</font></td>





</tr>
<tr style="height: 12px;">
<td height="17" style="height: 12px; padding: 0px 0px 0px 18px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: left;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Trade receivables - sale of
  subsidiaries</font></td>
<td align="right" style="padding: 0px 3px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">-</font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: right; height: 12px;"><br></td>
<td align="right" style="padding: 0px 3px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">908.2</font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px;"><br></td>
<td align="right" style="padding: 0px 3px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">-</font></td>





</tr>
<tr style="height: 12px;">
<td height="17" style="height: 12px; padding: 0px 0px 0px 18px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: left;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Deferred income and social
  contribution taxes</font></td>
<td align="right" style="padding: 0px 3px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">1,155.5</font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: right; height: 12px;"><br></td>
<td align="right" style="padding: 0px 3px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">947.1</font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px;"><br></td>
<td align="right" style="padding: 0px 3px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">1,255.1</font></td>





</tr>
<tr style="height: 12px;">
<td height="17" style="height: 12px; padding: 0px 0px 0px 18px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: left;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Recoverable taxes</font></td>
<td align="right" style="padding: 0px 3px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">2,548.1</font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: right; height: 12px;"><br></td>
<td align="right" style="padding: 0px 3px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">2,608.3</font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px;"><br></td>
<td align="right" style="padding: 0px 3px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">2,966.7</font></td>





</tr>
<tr style="height: 12px;">
<td height="17" style="height: 12px; padding: 0px 0px 0px 18px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: left;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Escrow deposits<font style="mso-spacerun: yes;">&nbsp;</font></font></td>
<td align="right" style="padding: 0px 3px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">1,034.9</font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: right; height: 12px;"><br></td>
<td align="right" style="padding: 0px 3px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">967.7</font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px;"><br></td>
<td align="right" style="padding: 0px 3px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">1,032.7</font></td>





</tr>
<tr style="height: 12px;">
<td height="17" style="height: 12px; padding: 0px 0px 0px 18px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: left;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Prepaid expenses</font></td>
<td align="right" style="padding: 0px 3px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">53.4</font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: right; height: 12px;"><br></td>
<td align="right" style="padding: 0px 3px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">73.6</font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px;"><br></td>
<td align="right" style="padding: 0px 3px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">73.4</font></td>





</tr>
<tr style="height: 12px;">
<td height="17" style="height: 12px; padding: 0px 0px 0px 18px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: left;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Contractual assets with
  customers - exclusive rights</font></td>
<td align="right" style="padding: 0px 3px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">1,436.7</font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: right; height: 12px;"><br></td>
<td align="right" style="padding: 0px 3px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">1,582.8</font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px;"><br></td>
<td align="right" style="padding: 0px 3px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">1,475.3</font></td>





</tr>
<tr style="height: 12px;">
<td height="17" style="height: 12px; padding: 0px 0px 0px 18px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: left;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Other receivables</font></td>
<td align="right" style="padding: 0px 3px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">306.1</font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: right; height: 12px;"><br></td>
<td align="right" style="padding: 0px 3px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">182.1</font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px;"><br></td>
<td align="right" style="padding: 0px 3px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">312.6</font></td>





</tr>
<tr style="height: 12px;">
<td height="17" style="height: 12px; padding: 0px 0px 0px 18px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: left;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Investments in subsidiaries,
  joint ventures and associates</font></td>
<td align="right" style="padding: 0px 3px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">316.2</font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: right; height: 12px;"><br></td>
<td align="right" style="padding: 0px 3px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">118.3</font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px;"><br></td>
<td align="right" style="padding: 0px 3px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">318.4</font></td>





</tr>
<tr style="height: 12px;">
<td height="17" style="height: 12px; padding: 0px 0px 0px 18px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: left;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Right-of-use assets, net</font></td>
<td align="right" style="padding: 0px 3px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">1,671.6</font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: right; height: 12px;"><br></td>
<td align="right" style="padding: 0px 3px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">1,830.3</font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px;"><br></td>
<td align="right" style="padding: 0px 3px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">1,711.5</font></td>





</tr>
<tr style="height: 12px;">
<td height="17" style="height: 12px; padding: 0px 0px 0px 18px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: left;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Property, plant and equipment,
  net</font></td>
<td align="right" style="padding: 0px 3px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">6,494.6</font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: right; height: 12px;"><br></td>
<td align="right" style="padding: 0px 3px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">5,955.1</font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px;"><br></td>
<td align="right" style="padding: 0px 3px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">6,387.6</font></td>





</tr>
<tr style="height: 12px;">
<td height="17" style="height: 12px; padding: 0px 0px 0px 18px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: left;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Intangible assets, net</font></td>
<td align="right" style="padding: 0px 3px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">1,872.1</font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: right; height: 12px;"><br></td>
<td align="right" style="padding: 0px 3px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">2,068.3</font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px;"><br></td>
<td align="right" style="padding: 0px 3px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">2,553.9</font></td>





</tr>
<tr style="height: 18px;">
<td height="24" style="height: 18px; padding: 0px; color: #008fff; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; text-align: left; border-top-width: 1px; border-top-style: solid; border-top-color: #008fff !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #008fff !important; border-left-width: 1px; border-left-style: solid; border-left-color: #008fff !important;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Total Non-Current Assets</font></td>
<td style="padding: 0px 3px 0px 0px; color: #008fff; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; height: 18px; text-align: right; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #008fff !important; border-bottom-color: #008fff !important;"><font style="font-family: 'times new roman', times; font-size: 10pt;">20,038.6 </font></td>
<td style="padding: 0px; color: #008fff; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; text-align: right; height: 18px; border-top-width: 1px; border-top-style: solid; border-top-color: #008fff !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #008fff !important;"><br></td>
<td style="padding: 0px 3px 0px 0px; color: #008fff; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; height: 18px; text-align: right; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #008fff !important; border-bottom-color: #008fff !important;"><font style="font-family: 'times new roman', times; font-size: 10pt;">18,328.2 </font></td>
<td style="padding: 0px; color: #008fff; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; text-align: center; height: 18px; border-top-width: 1px; border-top-style: solid; border-top-color: #008fff !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #008fff !important;"><br></td>
<td style="padding: 0px 3px 0px 0px; color: #008fff; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; height: 18px; text-align: right; 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: #008fff !important; border-bottom-color: #008fff !important; border-right-color: #008fff !important;"><font style="font-family: 'times new roman', times; font-size: 10pt;">19,603.1 </font></td>





</tr>
<tr style="height: 16px;">
<td style="padding: 0px; color: #008fff; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; text-align: left; height: 16px;"><br></td>
<td style="padding: 0px 3px 0px 0px; color: #008fff; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; text-align: right; height: 16px;"><br></td>
<td style="padding: 0px; color: #008fff; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; text-align: right; height: 16px;"><br></td>
<td style="padding: 0px 3px 0px 0px; color: #008fff; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; text-align: right; height: 16px;"><br></td>
<td style="padding: 0px; color: #008fff; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; text-align: center; height: 16px;"><br></td>
<td style="padding: 0px 3px 0px 0px; color: #008fff; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; text-align: right; height: 16px;"><br></td>





</tr>
<tr style="height: 18px;">
<td height="24" style="height: 18px; padding: 0px; color: #008fff; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; text-align: left; border-top-width: 1px; border-top-style: solid; border-top-color: #008fff !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #008fff !important; border-left-width: 1px; border-left-style: solid; border-left-color: #008fff !important;"><font style="font-family: 'times new roman', times; font-size: 10pt;">TOTAL ASSETS</font></td>
<td style="padding: 0px 3px 0px 0px; color: #008fff; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; height: 18px; text-align: right; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #008fff !important; border-bottom-color: #008fff !important;"><font style="font-family: 'times new roman', times; font-size: 10pt;">36,613.5 </font></td>
<td style="padding: 0px; color: #008fff; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; text-align: right; height: 18px; border-top-width: 1px; border-top-style: solid; border-top-color: #008fff !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #008fff !important;"><br></td>
<td style="padding: 0px 3px 0px 0px; color: #008fff; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; height: 18px; text-align: right; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #008fff !important; border-bottom-color: #008fff !important;"><font style="font-family: 'times new roman', times; font-size: 10pt;">33,808.0 </font></td>
<td style="padding: 0px; color: #008fff; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; text-align: center; height: 18px; border-top-width: 1px; border-top-style: solid; border-top-color: #008fff !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #008fff !important;"><br></td>
<td style="padding: 0px 3px 0px 0px; color: #008fff; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; height: 18px; text-align: right; 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: #008fff !important; border-bottom-color: #008fff !important; border-right-color: #008fff !important;"><font style="font-family: 'times new roman', times; font-size: 10pt;">38,252.0 </font></td>





</tr>
<tr style="height: 16px;">
<td style="padding: 0px; color: #051373; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: left; height: 16px;"><br></td>
<td style="padding: 0px 3px 0px 0px; color: #051273; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: right; height: 16px;"><br></td>
<td style="padding: 0px; color: #051273; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: right; height: 16px;"><br></td>
<td style="padding: 0px 3px 0px 0px; color: #051273; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: center; height: 16px;"><br></td>
<td style="padding: 0px; color: #051273; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: center; height: 16px;"><br></td>
<td style="padding: 0px 3px 0px 0px; color: #051273; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: center; height: 16px;"><br></td>





</tr>
<tr style="height: 12px;">
<td height="17" style="height: 12px; padding: 0px; color: #051373; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: left;"><font style="font-family: 'times new roman', times; font-size: 10pt;">LIABILITIES</font></td>
<td style="padding: 0px 3px 0px 0px; color: #051273; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right;"></td>
<td style="padding: 0px; color: #051273; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: right; height: 12px;"><br></td>
<td style="padding: 0px 3px 0px 0px; color: #051273; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: center; height: 12px;"></td>
<td style="padding: 0px; color: #051273; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: center; height: 12px;"><br></td>
<td style="padding: 0px 3px 0px 0px; color: #051273; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: center; height: 12px;"></td>





</tr>
<tr style="height: 16px;">
<td style="padding: 0px; color: #051373; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: left; height: 16px;"><br></td>
<td style="padding: 0px 3px 0px 0px; color: #051273; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: right; height: 16px;"><br></td>
<td style="padding: 0px; color: #051273; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: right; height: 16px;"><br></td>
<td style="padding: 0px 3px 0px 0px; color: #051273; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: center; height: 16px;"><br></td>
<td style="padding: 0px; color: #051273; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: center; height: 16px;"><br></td>
<td style="padding: 0px 3px 0px 0px; color: #051273; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: center; height: 16px;"><br></td>





</tr>
<tr style="height: 12px;">
<td height="17" style="height: 12px; padding: 0px 0px 0px 18px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: left;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Trade payables</font></td>
<td align="right" style="padding: 0px 3px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">3,077.8</font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: right; height: 12px;"><br></td>
<td align="right" style="padding: 0px 3px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">2,861.0</font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px;"><br></td>
<td align="right" style="padding: 0px 3px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">4,682.7</font></td>





</tr>
<tr style="height: 12px;">
<td height="17" style="height: 12px; padding: 0px 0px 0px 18px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: left;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Trade payables - reverse
  factoring</font></td>
<td align="right" style="padding: 0px 3px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">1,304.1</font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: right; height: 12px;"><br></td>
<td align="right" style="padding: 0px 3px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">1,769.7</font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px;"><br></td>
<td align="right" style="padding: 0px 3px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">1,039.4</font></td>





</tr>
<tr style="height: 14px;">
<td height="19" style="height: 14px; padding: 0px 0px 0px 18px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: left;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Loans, financing and
  derivative financial instruments</font></td>
<td align="right" style="padding: 0px 3px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">2,830.9</font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: right; height: 14px;"><br></td>
<td align="right" style="padding: 0px 3px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; height: 14px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">1,011.7</font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; height: 14px;"><br></td>
<td align="right" style="padding: 0px 3px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; height: 14px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">1,075.7</font></td>





</tr>
<tr style="height: 12px;">
<td height="17" style="height: 12px; padding: 0px 0px 0px 18px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: left;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Debentures</font></td>
<td align="right" style="padding: 0px 3px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">942.3</font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: right; height: 12px;"><br></td>
<td align="right" style="padding: 0px 3px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">725.0</font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px;"><br></td>
<td align="right" style="padding: 0px 3px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">917.6</font></td>





</tr>
<tr style="height: 12px;">
<td height="17" style="height: 12px; padding: 0px 0px 0px 18px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: left;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Salaries and related charges</font></td>
<td align="right" style="padding: 0px 3px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">348.9</font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: right; height: 12px;"><br></td>
<td align="right" style="padding: 0px 3px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">330.7</font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px;"><br></td>
<td align="right" style="padding: 0px 3px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">494.8</font></td>





</tr>
<tr style="height: 12px;">
<td height="17" style="height: 12px; padding: 0px 0px 0px 18px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: left;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Taxes payable</font></td>
<td align="right" style="padding: 0px 3px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">251.0</font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: right; height: 12px;"><br></td>
<td align="right" style="padding: 0px 3px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">364.2</font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px;"><br></td>
<td align="right" style="padding: 0px 3px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">720.5</font></td>





</tr>
<tr style="height: 12px;">
<td height="17" style="height: 12px; padding: 0px 0px 0px 18px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: left;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Leases payable</font></td>
<td align="right" style="padding: 0px 3px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">314.1</font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: right; height: 12px;"><br></td>
<td align="right" style="padding: 0px 3px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">281.9</font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px;"><br></td>
<td align="right" style="padding: 0px 3px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">311.4</font></td>





</tr>
<tr style="height: 12px;">
<td height="17" style="height: 12px; padding: 0px 0px 0px 18px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: left;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Financial liabilities of
  customers<font style="mso-spacerun: yes;">&nbsp;(vendor)</font></font></td>
<td align="right" style="padding: 0px 3px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">148.1</font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: right; height: 12px;"><br></td>
<td align="right" style="padding: 0px 3px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">193.2</font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px;"><br></td>
<td align="right" style="padding: 0px 3px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">157.6</font></td>





</tr>
<tr style="height: 12px;">
<td height="17" style="height: 12px; padding: 0px 0px 0px 18px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: left;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Provision for decarbonization
  credits</font></td>
<td align="right" style="padding: 0px 3px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">-</font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: right; height: 12px;"><br></td>
<td align="right" style="padding: 0px 3px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">338.3</font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px;"><br></td>
<td align="right" style="padding: 0px 3px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">742.0</font></td>





</tr>
<tr style="height: 12px;">
<td height="17" style="height: 12px; padding: 0px 0px 0px 18px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: left;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Other payables</font></td>
<td align="right" style="padding: 0px 3px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">664.2</font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: right; height: 12px;"><br></td>
<td align="right" style="padding: 0px 3px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">395.2</font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px;"><br></td>
<td align="right" style="padding: 0px 3px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">1,088.1</font></td>





</tr>
<tr style="height: 18px;">
<td height="24" style="height: 18px; padding: 0px; color: #008fff; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; text-align: left; border-top-width: 1px; border-top-style: solid; border-top-color: #008fff !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #008fff !important; border-left-width: 1px; border-left-style: solid; border-left-color: #008fff !important;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Total Current Liabilities</font></td>
<td style="padding: 0px 3px 0px 0px; color: #008fff; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; height: 18px; text-align: right; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #008fff !important; border-bottom-color: #008fff !important;"><font style="font-family: 'times new roman', times; font-size: 10pt;">9,881.4 </font></td>
<td style="padding: 0px; color: #008fff; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; text-align: right; height: 18px; border-top-width: 1px; border-top-style: solid; border-top-color: #008fff !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #008fff !important;"><br></td>
<td style="padding: 0px 3px 0px 0px; color: #008fff; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; height: 18px; text-align: right; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #008fff !important; border-bottom-color: #008fff !important;"><font style="font-family: 'times new roman', times; font-size: 10pt;">8,271.0 </font></td>
<td style="padding: 0px; color: #008fff; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; text-align: center; height: 18px; border-top-width: 1px; border-top-style: solid; border-top-color: #008fff !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #008fff !important;"><br></td>
<td style="padding: 0px 3px 0px 0px; color: #008fff; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; height: 18px; text-align: right; 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: #008fff !important; border-bottom-color: #008fff !important; border-right-color: #008fff !important;"><font style="font-family: 'times new roman', times; font-size: 10pt;">11,229.7 </font></td>





</tr>
<tr style="height: 16px;">
<td style="padding: 0px; color: #008fff; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; text-align: left; height: 16px;"><br></td>
<td style="padding: 0px 3px 0px 0px; color: #008fff; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; text-align: right; height: 16px;"><br></td>
<td style="padding: 0px; color: #008fff; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; text-align: right; height: 16px;"><br></td>
<td style="padding: 0px 3px 0px 0px; color: #008fff; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; text-align: right; height: 16px;"><br></td>
<td style="padding: 0px; color: #008fff; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; text-align: center; height: 16px;"><br></td>
<td style="padding: 0px 3px 0px 0px; color: #008fff; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; text-align: right; height: 16px;"><br></td>





</tr>
<tr style="height: 13px;">
<td height="18" style="height: 13px; padding: 0px 0px 0px 18px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: normal; text-align: left;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Loans,
  financing and derivative financial instruments</font></td>
<td align="right" style="padding: 0px 3px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; height: 13px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">5,002.1</font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: right; height: 13px;"><br></td>
<td align="right" style="padding: 0px 3px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; height: 13px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">6,379.4</font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; height: 13px;"><br></td>
<td align="right" style="padding: 0px 3px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; height: 13px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">5,585.4</font></td>





</tr>
<tr style="height: 12px;">
<td height="17" style="height: 12px; padding: 0px 0px 0px 18px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: left;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Debentures</font></td>
<td align="right" style="padding: 0px 3px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">4,182.5</font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: right; height: 12px;"><br></td>
<td align="right" style="padding: 0px 3px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">3,684.8</font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px;"><br></td>
<td align="right" style="padding: 0px 3px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">4,189.4</font></td>





</tr>
<tr style="height: 12px;">
<td height="17" style="height: 12px; padding: 0px 0px 0px 18px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: left;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Provision for tax, civil and
  labor risks</font></td>
<td align="right" style="padding: 0px 3px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">1,241.2</font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: right; height: 12px;"><br></td>
<td align="right" style="padding: 0px 3px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">1,066.9</font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px;"><br></td>
<td align="right" style="padding: 0px 3px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">1,258.3</font></td>





</tr>
<tr style="height: 12px;">
<td height="17" style="height: 12px; padding: 0px 0px 0px 18px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: left;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Post-employment benefits</font></td>
<td align="right" style="padding: 0px 3px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">246.8</font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: right; height: 12px;"><br></td>
<td align="right" style="padding: 0px 3px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">195.0</font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px;"><br></td>
<td align="right" style="padding: 0px 3px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">241.2</font></td>





</tr>
<tr style="height: 12px;">
<td height="17" style="height: 12px; padding: 0px 0px 0px 18px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: left;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Leases payable</font></td>
<td align="right" style="padding: 0px 3px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">1,158.0</font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: right; height: 12px;"><br></td>
<td align="right" style="padding: 0px 3px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">1,301.2</font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px;"><br></td>
<td align="right" style="padding: 0px 3px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">1,212.5</font></td>





</tr>
<tr style="height: 12px;">
<td height="17" style="height: 12px; padding: 0px 0px 0px 18px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: left;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Financial liabilities of
  customers<font style="mso-spacerun: yes;">&nbsp;<font style="color: #262626; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: left; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: nowrap; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">(vendor)</font></font></font></td>
<td align="right" style="padding: 0px 3px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">129.5</font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: right; height: 12px;"><br></td>
<td align="right" style="padding: 0px 3px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">229.9</font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px;"><br></td>
<td align="right" style="padding: 0px 3px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">151.3</font></td>





</tr>
<tr style="height: 12px;">
<td height="17" style="height: 12px; padding: 0px 0px 0px 18px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: left;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Other payables</font></td>
<td align="right" style="padding: 0px 3px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">396.3</font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: right; height: 12px;"><br></td>
<td align="right" style="padding: 0px 3px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">310.3</font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px;"><br></td>
<td align="right" style="padding: 0px 3px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">354.4</font></td>





</tr>
<tr style="height: 18px;">
<td height="24" style="height: 18px; padding: 0px; color: #008fff; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; text-align: left; border-top-width: 1px; border-top-style: solid; border-top-color: #008fff !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #008fff !important; border-left-width: 1px; border-left-style: solid; border-left-color: #008fff !important;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Total Non-Current Liabilities</font></td>
<td style="padding: 0px 3px 0px 0px; color: #008fff; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; height: 18px; text-align: right; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #008fff !important; border-bottom-color: #008fff !important;"><font style="font-family: 'times new roman', times; font-size: 10pt;">12,356.3 </font></td>
<td style="padding: 0px; color: #008fff; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; text-align: right; height: 18px; border-top-width: 1px; border-top-style: solid; border-top-color: #008fff !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #008fff !important;"><br></td>
<td style="padding: 0px 3px 0px 0px; color: #008fff; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; height: 18px; text-align: right; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #008fff !important; border-bottom-color: #008fff !important;"><font style="font-family: 'times new roman', times; font-size: 10pt;">13,167.5 </font></td>
<td style="padding: 0px; color: #008fff; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; text-align: center; height: 18px; border-top-width: 1px; border-top-style: solid; border-top-color: #008fff !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #008fff !important;"><br></td>
<td style="padding: 0px 3px 0px 0px; color: #008fff; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; height: 18px; text-align: right; 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: #008fff !important; border-bottom-color: #008fff !important; border-right-color: #008fff !important;"><font style="font-family: 'times new roman', times; font-size: 10pt;">12,992.5 </font></td>





</tr>
<tr style="height: 16px;">
<td style="padding: 0px; color: #008fff; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; text-align: left; height: 16px;"><br></td>
<td style="padding: 0px 3px 0px 0px; color: #008fff; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; text-align: right; height: 16px;"><br></td>
<td style="padding: 0px; color: #008fff; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; text-align: right; height: 16px;"><br></td>
<td style="padding: 0px 3px 0px 0px; color: #008fff; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; text-align: right; height: 16px;"><br></td>
<td style="padding: 0px; color: #008fff; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; text-align: center; height: 16px;"><br></td>
<td style="padding: 0px 3px 0px 0px; color: #008fff; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; text-align: right; height: 16px;"><br></td>





</tr>
<tr style="height: 18px;">
<td height="24" style="height: 18px; padding: 0px; color: #008fff; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; text-align: left; border-top-width: 1px; border-top-style: solid; border-top-color: #008fff !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #008fff !important; border-left-width: 1px; border-left-style: solid; border-left-color: #008fff !important;"><font style="font-family: 'times new roman', times; font-size: 10pt;">TOTAL LIABILITIES</font></td>
<td style="padding: 0px 3px 0px 0px; color: #008fff; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; height: 18px; text-align: right; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #008fff !important; border-bottom-color: #008fff !important;"><font style="font-family: 'times new roman', times; font-size: 10pt;">22,237.7 </font></td>
<td style="padding: 0px; color: #008fff; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; text-align: right; height: 18px; border-top-width: 1px; border-top-style: solid; border-top-color: #008fff !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #008fff !important;"><br></td>
<td style="padding: 0px 3px 0px 0px; color: #008fff; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; height: 18px; text-align: right; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #008fff !important; border-bottom-color: #008fff !important;"><font style="font-family: 'times new roman', times; font-size: 10pt;">21,438.5 </font></td>
<td style="padding: 0px; color: #008fff; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; text-align: center; height: 18px; border-top-width: 1px; border-top-style: solid; border-top-color: #008fff !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #008fff !important;"><br></td>
<td style="padding: 0px 3px 0px 0px; color: #008fff; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; height: 18px; text-align: right; 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: #008fff !important; border-bottom-color: #008fff !important; border-right-color: #008fff !important;"><font style="font-family: 'times new roman', times; font-size: 10pt;">24,222.2 </font></td>





</tr>
<tr style="height: 16px;">
<td style="padding: 0px; color: #051373; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: left; height: 16px;"><br></td>
<td style="padding: 0px 3px 0px 0px; color: #051273; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: right; height: 16px;"><br></td>
<td style="padding: 0px; color: #051273; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: right; height: 16px;"><br></td>
<td style="padding: 0px 3px 0px 0px; color: #051273; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: center; height: 16px;"><br></td>
<td style="padding: 0px; color: #051273; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: center; height: 16px;"><br></td>
<td style="padding: 0px 3px 0px 0px; color: #051273; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: center; height: 16px;"><br></td>





</tr>
<tr style="height: 10px;">
<td height="17" style="height: 10px; padding: 0px; color: #051373; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: left;"><font style="font-family: 'times new roman', times; font-size: 10pt;">EQUITY</font></td>
<td style="padding: 0px 3px 0px 0px; color: #051273; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; height: 10px; text-align: right;"></td>
<td style="padding: 0px; color: #051273; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: right; height: 10px;"><br></td>
<td style="padding: 0px 3px 0px 0px; color: #051273; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: center; height: 10px;"></td>
<td style="padding: 0px; color: #051273; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: center; height: 10px;"><br></td>
<td style="padding: 0px 3px 0px 0px; color: #051273; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: center; height: 10px;"></td>





</tr>
<tr style="height: 16px;">
<td style="padding: 0px; color: #051373; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: left; height: 16px;"><br></td>
<td style="padding: 0px 3px 0px 0px; color: #051273; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: right; height: 16px;"><br></td>
<td style="padding: 0px; color: #051273; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: right; height: 16px;"><br></td>
<td style="padding: 0px 3px 0px 0px; color: #051273; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: center; height: 16px;"><br></td>
<td style="padding: 0px; color: #051273; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: center; height: 16px;"><br></td>
<td style="padding: 0px 3px 0px 0px; color: #051273; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: center; height: 16px;"><br></td>





</tr>
<tr style="height: 12px;">
<td height="17" style="height: 12px; padding: 0px 0px 0px 18px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: left;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Share capital</font></td>
<td align="right" style="padding: 0px 3px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">6,621.8</font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: right; height: 12px;"><br></td>
<td align="right" style="padding: 0px 3px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">5,171.8</font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px;"><br></td>
<td align="right" style="padding: 0px 3px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">6,621.8</font></td>





</tr>
<tr style="height: 12px;">
<td height="17" style="height: 12px; padding: 0px 0px 0px 18px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: left;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Reserves</font></td>
<td align="right" style="padding: 0px 3px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">6,996.8</font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: right; height: 12px;"><br></td>
<td align="right" style="padding: 0px 3px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">6,715.3</font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px;"><br></td>
<td align="right" style="padding: 0px 3px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">6,991.2</font></td>





</tr>
<tr style="height: 12px;">
<td height="17" style="height: 12px; padding: 0px 0px 0px 18px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: left;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Treasury shares</font></td>
<td align="right" style="padding: 0px 3px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(470.0)</font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: right; height: 12px;"><br></td>
<td align="right" style="padding: 0px 3px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(479.7)</font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px;"><br></td>
<td align="right" style="padding: 0px 3px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(470.5)</font></td>





</tr>
<tr style="height: 12px;">
<td height="17" style="height: 12px; padding: 0px 0px 0px 18px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: left;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Others</font></td>
<td align="right" style="padding: 0px 3px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">679.7</font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: right; height: 12px;"><br></td>
<td align="right" style="padding: 0px 3px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">484.5</font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px;"><br></td>
<td align="right" style="padding: 0px 3px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">364.1</font></td>





</tr>
<tr style="height: 12px;">
<td height="17" style="height: 12px; padding: 0px 0px 0px 18px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: left;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Non-controlling interests in
  subsidiaries</font></td>
<td align="right" style="padding: 0px 3px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">547.6</font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: right; height: 12px;"><br></td>
<td align="right" style="padding: 0px 3px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">477.7</font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px;"><br></td>
<td align="right" style="padding: 0px 3px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">523.3</font></td>





</tr>
<tr style="height: 18px;">
<td height="24" style="height: 18px; padding: 0px; color: #008fff; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; text-align: left; border-top-width: 1px; border-top-style: solid; border-top-color: #008fff !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #008fff !important; border-left-width: 1px; border-left-style: solid; border-left-color: #008fff !important;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Total Equity</font></td>
<td style="padding: 0px 3px 0px 0px; color: #008fff; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; height: 18px; text-align: right; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #008fff !important; border-bottom-color: #008fff !important;"><font style="font-family: 'times new roman', times; font-size: 10pt;">14,375.8 </font></td>
<td style="padding: 0px; color: #008fff; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; text-align: right; height: 18px; border-top-width: 1px; border-top-style: solid; border-top-color: #008fff !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #008fff !important;"><br></td>
<td style="padding: 0px 3px 0px 0px; color: #008fff; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; height: 18px; text-align: right; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #008fff !important; border-bottom-color: #008fff !important;"><font style="font-family: 'times new roman', times; font-size: 10pt;">12,369.5 </font></td>
<td style="padding: 0px; color: #008fff; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; text-align: center; height: 18px; border-top-width: 1px; border-top-style: solid; border-top-color: #008fff !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #008fff !important;"><br></td>
<td style="padding: 0px 3px 0px 0px; color: #008fff; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; height: 18px; text-align: right; 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: #008fff !important; border-bottom-color: #008fff !important; border-right-color: #008fff !important;"><font style="font-family: 'times new roman', times; font-size: 10pt;">14,029.8 </font></td>





</tr>
<tr style="height: 16px;">
<td style="padding: 0px; color: #008fff; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; text-align: left; height: 16px;"><br></td>
<td style="padding: 0px 3px 0px 0px; color: #008fff; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; text-align: right; height: 16px;"><br></td>
<td style="padding: 0px; color: #008fff; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; text-align: right; height: 16px;"><br></td>
<td style="padding: 0px 3px 0px 0px; color: #008fff; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; text-align: right; height: 16px;"><br></td>
<td style="padding: 0px; color: #008fff; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; text-align: center; height: 16px;"><br></td>
<td style="padding: 0px 3px 0px 0px; color: #008fff; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; text-align: right; height: 16px;"><br></td>





</tr>
<tr style="height: 18px;">
<td height="24" style="height: 18px; padding: 0px; color: #008fff; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; text-align: left; border-top-width: 1px; border-top-style: solid; border-top-color: #008fff !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #008fff !important; border-left-width: 1px; border-left-style: solid; border-left-color: #008fff !important;"><font style="font-family: 'times new roman', times; font-size: 10pt;">TOTAL LIABILITIES AND EQUITY</font></td>
<td style="padding: 0px 3px 0px 0px; color: #008fff; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; height: 18px; text-align: right; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #008fff !important; border-bottom-color: #008fff !important;"><font style="font-family: 'times new roman', times; font-size: 10pt;">36,613.5 </font></td>
<td style="padding: 0px; color: #008fff; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; text-align: right; height: 18px; border-top-width: 1px; border-top-style: solid; border-top-color: #008fff !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #008fff !important;"><br></td>
<td style="padding: 0px 3px 0px 0px; color: #008fff; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; height: 18px; text-align: right; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #008fff !important; border-bottom-color: #008fff !important;"><font style="font-family: 'times new roman', times; font-size: 10pt;">33,808.0 </font></td>
<td style="padding: 0px; color: #008fff; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; text-align: center; height: 18px; border-top-width: 1px; border-top-style: solid; border-top-color: #008fff !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #008fff !important;"><br></td>
<td style="padding: 0px 3px 0px 0px; color: #008fff; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; height: 18px; text-align: right; 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: #008fff !important; border-bottom-color: #008fff !important; border-right-color: #008fff !important;"><font style="font-family: 'times new roman', times; font-size: 10pt;">38,252.0 </font></td>





</tr>
<tr style="height: 16px;">
<td style="padding: 0px; color: #008fff; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; text-align: left; height: 16px;"><br></td>
<td style="padding: 0px 3px 0px 0px; color: #008fff; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; text-align: right; height: 16px;"><br></td>
<td style="padding: 0px; color: #008fff; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; text-align: right; height: 16px;"><br></td>
<td style="padding: 0px 3px 0px 0px; color: #008fff; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; text-align: right; height: 16px;"><br></td>
<td style="padding: 0px; color: #008fff; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; text-align: center; height: 16px;"><br></td>
<td style="padding: 0px 3px 0px 0px; color: #008fff; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; text-align: right; height: 16px;"><br></td>





</tr>
<tr style="height: 10px;">
<td height="17" style="height: 10px; padding: 0px 0px 0px 18px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: left;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Cash and cash equivalents</font></td>
<td align="right" style="padding: 0px 3px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; height: 10px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">6,607.0</font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: right; height: 10px;"><br></td>
<td align="right" style="padding: 0px 3px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; height: 10px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">5,125.5</font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; height: 10px;"><br></td>
<td align="right" style="padding: 0px 3px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; height: 10px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">7,170.6</font></td>





</tr>
<tr style="height: 12px;">
<td height="17" style="height: 12px; padding: 0px 0px 0px 18px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: left;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Gross debt</font></td>
<td align="right" style="padding: 0px 3px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(12,957.8)</font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: right; height: 12px;"><br></td>
<td align="right" style="padding: 0px 3px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(11,800.9)</font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px;"><br></td>
<td align="right" style="padding: 0px 3px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(11,768.0)</font></td>





</tr>
<tr style="height: 12px;">
<td height="17" style="height: 12px; padding: 0px 0px 0px 18px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: left;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Leases payable</font></td>
<td align="right" style="padding: 0px 3px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(1,472.1)</font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: right; height: 12px;"><br></td>
<td align="right" style="padding: 0px 3px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(1,583.2)</font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px;"><br></td>
<td align="right" style="padding: 0px 3px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(1,523.9)</font></td>





</tr>
<tr style="height: 18px;">
<td height="24" style="height: 18px; padding: 0px; color: #008fff; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; text-align: left; border-top-width: 1px; border-top-style: solid; border-top-color: #008fff !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #008fff !important; border-left-width: 1px; border-left-style: solid; border-left-color: #008fff !important;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Net debt</font></td>
<td style="padding: 0px 3px 0px 0px; color: #008fff; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; height: 18px; text-align: right; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #008fff !important; border-bottom-color: #008fff !important;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(7,822.9)</font></td>
<td style="padding: 0px; color: #008fff; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; text-align: right; height: 18px; border-top-width: 1px; border-top-style: solid; border-top-color: #008fff !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #008fff !important;"><br></td>
<td style="padding: 0px 3px 0px 0px; color: #008fff; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; height: 18px; text-align: right; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #008fff !important; border-bottom-color: #008fff !important;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(8,258.5)</font></td>
<td style="padding: 0px; color: #008fff; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; text-align: center; height: 18px; border-top-width: 1px; border-top-style: solid; border-top-color: #008fff !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #008fff !important;"><br></td>
<td style="padding: 0px 3px 0px 0px; color: #008fff; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; height: 18px; text-align: right; 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: #008fff !important; border-bottom-color: #008fff !important; border-right-color: #008fff !important;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(6,121.4)</font></td>





</tr>













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

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


</tr>





</table>
<hr class="horizontalLineRemoved" style="border-bottom-color: #000000; border-top-color: #000000; color: #000000; background-color: #000000;"></hr>
<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div>


</div>






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

<tr>
<td style="width: 50%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #051272 !important;">
<p style="line-height: 90%; font-size: 10pt; font-family: Calibri, sans-serif;"><font style="font-size: 18.0pt; line-height: 90%; font-family: 'Century Gothic',sans-serif; mso-fareast-font-family: 'Century Gothic'; mso-bidi-font-family: 'Century Gothic'; color: #051473; mso-font-kerning: 12.0pt;"><font style="font-family: 'times new roman', times;">1<sup>ST</sup> QUARTER OF 2024</font><font style="mso-ligatures: none;"></font></font></p>

















</td>
<td style="width: 50%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #051272 !important;"><img src="img46d94e39fa544349b50a.jpg" style="float: right;" alt="Graphics"></td>












</tr>

























</table>
<table border="0" cellpadding="0" cellspacing="0" width="100%" style="height: 738px; border-collapse: collapse; width: 100%; margin-left: 0.1px; white-space: normal; font-family: &quot;times new roman&quot;; font-size: 10pt;">





<tr style="height: 12px;">
<td height="17" style="height: 12px; padding: 0px; color: #262626; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap;"></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px;"></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px;"><br></td>
<td colspan="3" style="padding: 8px 0px 0px; color: #008fff; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right;"><font style="line-height: inherit;">&nbsp;</font><font style="font-family: 'times new roman', times; line-height: inherit;">In million of Reais</font><font style="line-height: inherit;">&nbsp;</font></td>



</tr>
<tr style="height: 17px;">
<td height="50" style="height: 17px; padding: 0px; color: #ffffff; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; background: #051373; 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-left-width: 1px; border-left-style: solid; border-left-color: #000000 !important;"><font style="font-family: 'times new roman', times; line-height: inherit;"><font style="line-height: inherit;">&nbsp;</font>ULTRAPAR - Income statement<font style="line-height: inherit;">&nbsp;</font></font></td>
<td style="padding: 0px; color: #ffffff; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: normal; background: #051373; height: 17px; text-align: center; 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;"><font style="font-family: 'times new roman', times; line-height: inherit;"><font style="line-height: inherit;">&nbsp;</font>1Q24<font style="line-height: inherit;">&nbsp;</font></font></td>
<td style="padding: 0px; color: #ffffff; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: normal; background: #051373; text-align: center; 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;"><br></td>
<td style="padding: 0px; color: #ffffff; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; background: #051373; height: 17px; text-align: center; 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;"><font style="font-family: 'times new roman', times; line-height: inherit;"><font style="line-height: inherit;">&nbsp;</font>1Q23<font style="line-height: inherit;">&nbsp;</font></font></td>
<td style="padding: 0px; color: #ffffff; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; background: #051373; text-align: center; 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;"><br></td>
<td style="padding: 0px; color: #ffffff; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; background: #051373; height: 17px; text-align: center; 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;"><font style="font-family: 'times new roman', times; line-height: inherit;">4Q23</font></td>



</tr>
<tr style="height: 16px;">
<td style="padding: 0px; color: #008fff; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; width: 68%; height: 16px;"><br></td>
<td style="padding: 0px 3px 0px 0px; color: #008fff; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; width: 10%; text-align: right; height: 16px;"><br></td>
<td style="padding: 0px; color: #008fff; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; width: 1%; text-align: right; height: 16px;"><br></td>
<td style="padding: 0px 3px 0px 0px; color: #008fff; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; width: 10%; text-align: right; height: 16px;"><br></td>
<td style="padding: 0px; color: #008fff; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; width: 1%; text-align: right; height: 16px;"><br></td>
<td style="padding: 0px 3px 0px 0px; color: #008fff; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; width: 10%; text-align: right; height: 16px;"><br></td>



</tr>
<tr style="height: 18px;">
<td height="24" style="height: 18px; padding: 0px; color: #008fff; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; width: 68%; border-top-width: 1px; border-top-style: solid; border-top-color: #008fff !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #008fff !important; border-left-width: 1px; border-left-style: solid; border-left-color: #008fff !important;"><font style="font-family: 'times new roman', times; line-height: inherit;">Net revenues from sales and
  services</font></td>
<td style="padding: 0px 3px 0px 0px; color: #008fff; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; height: 18px; width: 10%; text-align: right; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #008fff !important; border-bottom-color: #008fff !important;"><font style="font-family: 'times new roman', times; line-height: inherit;">30,395.9 </font></td>
<td style="padding: 0px; color: #008fff; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; width: 1%; text-align: right; height: 18px; border-top-width: 1px; border-top-style: solid; border-top-color: #008fff !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #008fff !important;"><br></td>
<td style="padding: 0px 3px 0px 0px; color: #008fff; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; height: 18px; width: 10%; text-align: right; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #008fff !important; border-bottom-color: #008fff !important;"><font style="font-family: 'times new roman', times; line-height: inherit;">30,551.8 </font></td>
<td style="padding: 0px; color: #008fff; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; width: 1%; text-align: right; height: 18px; border-top-width: 1px; border-top-style: solid; border-top-color: #008fff !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #008fff !important;"><br></td>
<td style="padding: 0px 3px 0px 0px; color: #008fff; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; height: 18px; width: 10%; text-align: right; 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: #008fff !important; border-bottom-color: #008fff !important; border-right-color: #008fff !important;"><font style="font-family: 'times new roman', times; line-height: inherit;">33,420.9 </font></td>



</tr>
<tr style="height: 16px;">
<td style="padding: 0px; color: #008fff; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; width: 68%; height: 16px;"><br></td>
<td style="padding: 0px 3px 0px 0px; color: #008fff; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; width: 10%; text-align: right; height: 16px;"><br></td>
<td style="padding: 0px; color: #008fff; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; width: 1%; text-align: right; height: 16px;"><br></td>
<td style="padding: 0px 3px 0px 0px; color: #008fff; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; width: 10%; text-align: right; height: 16px;"><br></td>
<td style="padding: 0px; color: #008fff; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; width: 1%; text-align: right; height: 16px;"><br></td>
<td style="padding: 0px 3px 0px 0px; color: #008fff; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; width: 10%; text-align: right; height: 16px;"><br></td>



</tr>
<tr style="height: 10px;">
<td height="20" style="height: 10px; padding: 0px 0px 0px 18px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap;"><font style="font-family: 'times new roman', times; line-height: inherit;">Cost of products sold and
  services provided</font></td>
<td align="right" style="padding: 0px 3px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; height: 10px; text-align: right;"><font style="font-family: 'times new roman', times; line-height: inherit;">(28,334.7)</font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: right; height: 10px;"><br></td>
<td align="right" style="padding: 0px 3px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; height: 10px; text-align: right;"><font style="font-family: 'times new roman', times; line-height: inherit;">(28,839.0)</font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: right; height: 10px;"><br></td>
<td align="right" style="padding: 0px 3px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; height: 10px; text-align: right;"><font style="font-family: 'times new roman', times; line-height: inherit;">(30,351.9)</font></td>



</tr>
<tr style="height: 16px;">
<td style="padding: 0px; color: #008fff; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; height: 16px;"><br></td>
<td style="padding: 0px 3px 0px 0px; color: #008fff; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; text-align: right; height: 16px;"><br></td>
<td style="padding: 0px; color: #008fff; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; text-align: right; height: 16px;"><br></td>
<td style="padding: 0px 3px 0px 0px; color: #008fff; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; text-align: right; height: 16px;"><br></td>
<td style="padding: 0px; color: #008fff; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; text-align: right; height: 16px;"><br></td>
<td style="padding: 0px 3px 0px 0px; color: #008fff; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; text-align: right; height: 16px;"><br></td>



</tr>
<tr style="height: 10px;">
<td height="24" style="height: 10px; padding: 0px; color: #008fff; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; border-top-width: 1px; border-top-style: solid; border-top-color: #008fff !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #008fff !important; border-left-width: 1px; border-left-style: solid; border-left-color: #008fff !important;"><font style="font-family: 'times new roman', times; line-height: inherit;">Gross profit</font></td>
<td style="padding: 0px 3px 0px 0px; color: #008fff; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; height: 10px; text-align: right; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #008fff !important; border-bottom-color: #008fff !important;"><font style="font-family: 'times new roman', times; line-height: inherit;">2,061.2
  </font></td>
<td style="padding: 0px; color: #008fff; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; text-align: right; height: 10px; border-top-width: 1px; border-top-style: solid; border-top-color: #008fff !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #008fff !important;"><br></td>
<td style="padding: 0px 3px 0px 0px; color: #008fff; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; height: 10px; text-align: right; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #008fff !important; border-bottom-color: #008fff !important;"><font style="font-family: 'times new roman', times; line-height: inherit;">1,712.7
  </font></td>
<td style="padding: 0px; color: #008fff; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; text-align: right; height: 10px; border-top-width: 1px; border-top-style: solid; border-top-color: #008fff !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #008fff !important;"><br></td>
<td style="padding: 0px 3px 0px 0px; color: #008fff; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; height: 10px; text-align: right; 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: #008fff !important; border-bottom-color: #008fff !important; border-right-color: #008fff !important;"><font style="font-family: 'times new roman', times; line-height: inherit;">3,069.0
  </font></td>



</tr>
<tr style="height: 16px;">
<td style="padding: 0px; color: #008fff; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; height: 16px;"><br></td>
<td style="padding: 0px 3px 0px 0px; color: #008fff; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; text-align: right; height: 16px;"><br></td>
<td style="padding: 0px; color: #008fff; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; text-align: right; height: 16px;"><br></td>
<td style="padding: 0px 3px 0px 0px; color: #008fff; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; text-align: right; height: 16px;"><br></td>
<td style="padding: 0px; color: #008fff; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; text-align: right; height: 16px;"><br></td>
<td style="padding: 0px 3px 0px 0px; color: #008fff; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; text-align: right; height: 16px;"><br></td>



</tr>
<tr style="height: 15px;">
<td height="20" style="height: 15px; padding: 0px; color: #051373; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap;"><font style="font-family: 'times new roman', times; line-height: inherit;">Operating revenues (expenses)</font></td>
<td style="padding: 0px 3px 0px 0px; color: #262626; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; text-align: right;"></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: right; height: 15px;"><br></td>
<td style="padding: 0px 3px 0px 0px; color: #262626; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; text-align: right;"></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: right; height: 15px;"><br></td>
<td style="padding: 0px 3px 0px 0px; color: #262626; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; text-align: right;"></td>



</tr>
<tr style="height: 15px;">
<td height="20" style="height: 15px; padding: 0px 0px 0px 36px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap;"><font style="font-family: 'times new roman', times; line-height: inherit;">Selling and marketing</font></td>
<td align="right" style="padding: 0px 3px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; text-align: right;"><font style="font-family: 'times new roman', times; line-height: inherit;">(569.0)</font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: right; height: 15px;"><br></td>
<td align="right" style="padding: 0px 3px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; text-align: right;"><font style="font-family: 'times new roman', times; line-height: inherit;">(511.0)</font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: right; height: 15px;"><br></td>
<td align="right" style="padding: 0px 3px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; text-align: right;"><font style="font-family: 'times new roman', times; line-height: inherit;">(641.0)</font></td>



</tr>
<tr style="height: 15px;">
<td height="20" style="height: 15px; padding: 0px 0px 0px 36px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap;"><font style="font-family: 'times new roman', times; line-height: inherit;">General and administrative</font></td>
<td align="right" style="padding: 0px 3px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; text-align: right;"><font style="font-family: 'times new roman', times; line-height: inherit;">(440.8)</font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: right; height: 15px;"><br></td>
<td align="right" style="padding: 0px 3px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; text-align: right;"><font style="font-family: 'times new roman', times; line-height: inherit;">(453.9)</font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: right; height: 15px;"><br></td>
<td align="right" style="padding: 0px 3px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; text-align: right;"><font style="font-family: 'times new roman', times; line-height: inherit;">(545.8)</font></td>



</tr>
<tr style="height: 16px;">
<td style="padding: 0px 0px 0px 36px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; height: 16px;"><br></td>
<td style="padding: 0px 3px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: right; height: 16px;"><br></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: right; height: 16px;"><br></td>
<td style="padding: 0px 3px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: right; height: 16px;"><br></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: right; height: 16px;"><br></td>
<td style="padding: 0px 3px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: right; height: 16px;"><br></td>



</tr>
<tr style="height: 15px;">
<td height="20" style="height: 15px; padding: 0px 0px 0px 18px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap;"><font style="font-family: 'times new roman', times; line-height: inherit;">Results from disposal of
  assets</font></td>
<td align="right" style="padding: 0px 3px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; text-align: right;"><font style="font-family: 'times new roman', times; line-height: inherit;">36.8</font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: right; height: 15px;"><br></td>
<td align="right" style="padding: 0px 3px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; text-align: right;"><font style="font-family: 'times new roman', times; line-height: inherit;">52.8</font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: right; height: 15px;"><br></td>
<td align="right" style="padding: 0px 3px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; text-align: right;"><font style="font-family: 'times new roman', times; line-height: inherit;">17.6</font></td>



</tr>
<tr style="height: 15px;">
<td height="20" style="height: 15px; padding: 0px 0px 0px 18px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap;"><font style="font-family: 'times new roman', times; line-height: inherit;">Other operating income
  (expenses), net</font></td>
<td align="right" style="padding: 0px 3px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; text-align: right;"><font style="font-family: 'times new roman', times; line-height: inherit;">(137.8)</font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: right; height: 15px;"><br></td>
<td align="right" style="padding: 0px 3px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; text-align: right;"><font style="font-family: 'times new roman', times; line-height: inherit;">(133.2)</font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: right; height: 15px;"><br></td>
<td align="right" style="padding: 0px 3px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; text-align: right;"><font style="font-family: 'times new roman', times; line-height: inherit;">(92.7)</font></td>



</tr>
<tr style="height: 16px;">
<td style="padding: 0px; color: #008fff; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; height: 16px;"><br></td>
<td style="padding: 0px 3px 0px 0px; color: #008fff; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; text-align: right; height: 16px;"><br></td>
<td style="padding: 0px; color: #008fff; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; text-align: right; height: 16px;"><br></td>
<td style="padding: 0px 3px 0px 0px; color: #008fff; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; text-align: right; height: 16px;"><br></td>
<td style="padding: 0px; color: #008fff; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; text-align: right; height: 16px;"><br></td>
<td style="padding: 0px 3px 0px 0px; color: #008fff; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; text-align: right; height: 16px;"><br></td>



</tr>
<tr style="height: 10px;">
<td height="24" style="height: 10px; padding: 0px; color: #008fff; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; border-top-width: 1px; border-top-style: solid; border-top-color: #008fff !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #008fff !important; border-left-width: 1px; border-left-style: solid; border-left-color: #008fff !important;"><font style="font-family: 'times new roman', times; line-height: inherit;">Operating income</font></td>
<td style="padding: 0px 3px 0px 0px; color: #008fff; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; height: 10px; text-align: right; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #008fff !important; border-bottom-color: #008fff !important;"><font style="font-family: 'times new roman', times; line-height: inherit;">950.4 </font></td>
<td style="padding: 0px; color: #008fff; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; text-align: right; height: 10px; border-top-width: 1px; border-top-style: solid; border-top-color: #008fff !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #008fff !important;"><br></td>
<td style="padding: 0px 3px 0px 0px; color: #008fff; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; height: 10px; text-align: right; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #008fff !important; border-bottom-color: #008fff !important;"><font style="font-family: 'times new roman', times; line-height: inherit;">667.4 </font></td>
<td style="padding: 0px; color: #008fff; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; text-align: right; height: 10px; border-top-width: 1px; border-top-style: solid; border-top-color: #008fff !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #008fff !important;"><br></td>
<td style="padding: 0px 3px 0px 0px; color: #008fff; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; height: 10px; text-align: right; 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: #008fff !important; border-bottom-color: #008fff !important; border-right-color: #008fff !important;"><font style="font-family: 'times new roman', times; line-height: inherit;">1,807.1
  </font></td>



</tr>
<tr style="height: 16px;">
<td style="padding: 0px; color: #008fff; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; height: 16px;"><br></td>
<td style="padding: 0px 3px 0px 0px; color: #008fff; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; text-align: right; height: 16px;"><br></td>
<td style="padding: 0px; color: #008fff; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; text-align: right; height: 16px;"><br></td>
<td style="padding: 0px 3px 0px 0px; color: #008fff; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; text-align: right; height: 16px;"><br></td>
<td style="padding: 0px; color: #008fff; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; text-align: right; height: 16px;"><br></td>
<td style="padding: 0px 3px 0px 0px; color: #008fff; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; text-align: right; height: 16px;"><br></td>



</tr>
<tr style="height: 12px;">
<td height="20" style="height: 12px; padding: 0px 0px 0px 18px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap;"><font style="font-family: 'times new roman', times; line-height: inherit;">Financial result, net</font></td>
<td style="padding: 0px 3px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right;"></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: right; height: 12px;"><br></td>
<td style="padding: 0px 3px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right;"></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: right; height: 12px;"><br></td>
<td style="padding: 0px 3px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right;"></td>



</tr>
<tr style="height: 15px;">
<td height="20" style="height: 15px; padding: 0px 0px 0px 36px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap;"><font style="font-family: 'times new roman', times; line-height: inherit;">Financial income</font></td>
<td align="right" style="padding: 0px 3px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; text-align: right;"><font style="font-family: 'times new roman', times; line-height: inherit;">160.2</font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: right; height: 15px;"><br></td>
<td align="right" style="padding: 0px 3px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; text-align: right;"><font style="font-family: 'times new roman', times; line-height: inherit;">190.4</font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: right; height: 15px;"><br></td>
<td align="right" style="padding: 0px 3px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; text-align: right;"><font style="font-family: 'times new roman', times; line-height: inherit;">207.6</font></td>



</tr>
<tr style="height: 15px;">
<td height="20" style="height: 15px; padding: 0px 0px 0px 36px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap;"><font style="font-family: 'times new roman', times; line-height: inherit;">Financial expenses</font></td>
<td align="right" style="padding: 0px 3px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; text-align: right;"><font style="font-family: 'times new roman', times; line-height: inherit;">(443.0)</font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: right; height: 15px;"><br></td>
<td align="right" style="padding: 0px 3px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; text-align: right;"><font style="font-family: 'times new roman', times; line-height: inherit;">(502.0)</font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: right; height: 15px;"><br></td>
<td align="right" style="padding: 0px 3px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; text-align: right;"><font style="font-family: 'times new roman', times; line-height: inherit;">(377.8)</font></td>



</tr>
<tr style="height: 15px;">
<td height="20" style="height: 15px; padding: 0px 0px 0px 18px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap;"><font style="font-family: 'times new roman', times; line-height: inherit;">Share of profit (loss) of
  subsidiaries, joint ventures and associates</font></td>
<td align="right" style="padding: 0px 3px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; text-align: right;"><font style="font-family: 'times new roman', times; line-height: inherit;">(3.1)</font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: right; height: 15px;"><br></td>
<td align="right" style="padding: 0px 3px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; text-align: right;"><font style="font-family: 'times new roman', times; line-height: inherit;">10.4</font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: right; height: 15px;"><br></td>
<td align="right" style="padding: 0px 3px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; text-align: right;"><font style="font-family: 'times new roman', times; line-height: inherit;">0.2</font></td>



</tr>
<tr style="height: 16px;">
<td style="padding: 0px; color: #008fff; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; height: 16px;"><br></td>
<td style="padding: 0px 3px 0px 0px; color: #008fff; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; text-align: right; height: 16px;"><br></td>
<td style="padding: 0px; color: #008fff; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; text-align: right; height: 16px;"><br></td>
<td style="padding: 0px 3px 0px 0px; color: #008fff; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; text-align: right; height: 16px;"><br></td>
<td style="padding: 0px; color: #008fff; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; text-align: right; height: 16px;"><br></td>
<td style="padding: 0px 3px 0px 0px; color: #008fff; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; text-align: right; height: 16px;"><br></td>



</tr>
<tr style="height: 10px;">
<td height="24" style="height: 10px; padding: 0px; color: #008fff; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; border-top-width: 1px; border-top-style: solid; border-top-color: #008fff !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #008fff !important; border-left-width: 1px; border-left-style: solid; border-left-color: #008fff !important;"><font style="font-family: 'times new roman', times; line-height: inherit;">Income before income and
  social contribution taxes</font></td>
<td style="padding: 0px 3px 0px 0px; color: #008fff; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; height: 10px; text-align: right; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #008fff !important; border-bottom-color: #008fff !important;"><font style="font-family: 'times new roman', times; line-height: inherit;">664.6 </font></td>
<td style="padding: 0px; color: #008fff; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; text-align: right; height: 10px; border-top-width: 1px; border-top-style: solid; border-top-color: #008fff !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #008fff !important;"><br></td>
<td style="padding: 0px 3px 0px 0px; color: #008fff; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; height: 10px; text-align: right; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #008fff !important; border-bottom-color: #008fff !important;"><font style="font-family: 'times new roman', times; line-height: inherit;">366.2 </font></td>
<td style="padding: 0px; color: #008fff; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; text-align: right; height: 10px; border-top-width: 1px; border-top-style: solid; border-top-color: #008fff !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #008fff !important;"><br></td>
<td style="padding: 0px 3px 0px 0px; color: #008fff; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; height: 10px; text-align: right; 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: #008fff !important; border-bottom-color: #008fff !important; border-right-color: #008fff !important;"><font style="font-family: 'times new roman', times; line-height: inherit;">1,637.0
  </font></td>



</tr>
<tr style="height: 16px;">
<td style="padding: 0px; color: #008fff; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; height: 16px;"><br></td>
<td style="padding: 0px 3px 0px 0px; color: #008fff; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; text-align: right; height: 16px;"><br></td>
<td style="padding: 0px; color: #008fff; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; text-align: right; height: 16px;"><br></td>
<td style="padding: 0px 3px 0px 0px; color: #008fff; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; text-align: right; height: 16px;"><br></td>
<td style="padding: 0px; color: #008fff; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; text-align: right; height: 16px;"><br></td>
<td style="padding: 0px 3px 0px 0px; color: #008fff; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; text-align: right; height: 16px;"><br></td>



</tr>
<tr style="height: 16px;">
<td style="padding: 0px 0px 0px 18px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; height: 16px;"><font style="font-family: 'times new roman', times; line-height: inherit;">Income and social contribution taxes</font><br></td>
<td style="padding: 0px 3px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; height: 16px; text-align: right;"><br></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: right; height: 16px;"><br></td>
<td style="padding: 0px 3px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; height: 16px; text-align: right;"><br></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: right; height: 16px;"><br></td>
<td style="padding: 0px 3px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; height: 16px; text-align: right;"><br></td>



</tr>
<tr style="height: 15px;">
<td height="20" style="height: 15px; padding: 0px 0px 0px 36px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap;"><font style="font-family: 'times new roman', times; line-height: inherit;">Current</font></td>
<td align="right" style="padding: 0px 3px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; text-align: right;"><font style="font-family: 'times new roman', times; line-height: inherit;">(87.9)</font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: right; height: 15px;"><br></td>
<td align="right" style="padding: 0px 3px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; text-align: right;"><font style="font-family: 'times new roman', times; line-height: inherit;">(139.7)</font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: right; height: 15px;"><br></td>
<td align="right" style="padding: 0px 3px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; text-align: right;"><font style="font-family: 'times new roman', times; line-height: inherit;">(582.2)</font></td>



</tr>
<tr style="height: 15px;">
<td height="20" style="height: 15px; padding: 0px 0px 0px 36px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap;"><font style="font-family: 'times new roman', times; line-height: inherit;">Deferred</font></td>
<td align="right" style="padding: 0px 3px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; text-align: right;"><font style="font-family: 'times new roman', times; line-height: inherit;">(121.3)</font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: right; height: 15px;"><br></td>
<td align="right" style="padding: 0px 3px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; text-align: right;"><font style="font-family: 'times new roman', times; line-height: inherit;">47.3</font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: right; height: 15px;"><br></td>
<td align="right" style="padding: 0px 3px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; text-align: right;"><font style="font-family: 'times new roman', times; line-height: inherit;">59.2</font></td>



</tr>
<tr style="height: 16px;">
<td style="padding: 0px; color: #008fff; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; height: 16px;"><br></td>
<td style="padding: 0px 3px 0px 0px; color: #008fff; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; text-align: right; height: 16px;"><br></td>
<td style="padding: 0px; color: #008fff; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; text-align: right; height: 16px;"><br></td>
<td style="padding: 0px 3px 0px 0px; color: #008fff; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; text-align: right; height: 16px;"><br></td>
<td style="padding: 0px; color: #008fff; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; text-align: right; height: 16px;"><br></td>
<td style="padding: 0px 3px 0px 0px; color: #008fff; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; text-align: right; height: 16px;"><br></td>



</tr>
<tr style="height: 18px;">
<td height="24" style="height: 18px; padding: 0px; color: #008fff; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; border-top-width: 1px; border-top-style: solid; border-top-color: #008fff !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #008fff !important; border-left-width: 1px; border-left-style: solid; border-left-color: #008fff !important;"><font style="font-family: 'times new roman', times; line-height: inherit;">Net income</font></td>
<td style="padding: 0px 3px 0px 0px; color: #008fff; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; height: 18px; text-align: right; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #008fff !important; border-bottom-color: #008fff !important;"><font style="font-family: 'times new roman', times; line-height: inherit;">455.4 </font></td>
<td style="padding: 0px; color: #008fff; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; text-align: right; height: 18px; border-top-width: 1px; border-top-style: solid; border-top-color: #008fff !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #008fff !important;"><br></td>
<td style="padding: 0px 3px 0px 0px; color: #008fff; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; height: 18px; text-align: right; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #008fff !important; border-bottom-color: #008fff !important;"><font style="font-family: 'times new roman', times; line-height: inherit;">273.8 </font></td>
<td style="padding: 0px; color: #008fff; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; text-align: right; height: 18px; border-top-width: 1px; border-top-style: solid; border-top-color: #008fff !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #008fff !important;"><br></td>
<td style="padding: 0px 3px 0px 0px; color: #008fff; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; height: 18px; text-align: right; 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: #008fff !important; border-bottom-color: #008fff !important; border-right-color: #008fff !important;"><font style="font-family: 'times new roman', times; line-height: inherit;">1,114.0
  </font></td>



</tr>
<tr style="height: 16px;">
<td style="padding: 0px; color: #008fff; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; height: 16px;"><br></td>
<td style="padding: 0px 3px 0px 0px; color: #008fff; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; text-align: right; height: 16px;"><br></td>
<td style="padding: 0px; color: #008fff; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; text-align: right; height: 16px;"><br></td>
<td style="padding: 0px 3px 0px 0px; color: #008fff; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; text-align: right; height: 16px;"><br></td>
<td style="padding: 0px; color: #008fff; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; text-align: right; height: 16px;"><br></td>
<td style="padding: 0px 3px 0px 0px; color: #008fff; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; text-align: right; height: 16px;"><br></td>



</tr>
<tr style="height: 15px;">
<td height="20" style="height: 15px; padding: 0px 0px 0px 18px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap;"><font style="font-family: 'times new roman', times; line-height: inherit;">Net income attributable to:</font></td>
<td style="padding: 0px 3px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; text-align: right;"></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: right; height: 15px;"><br></td>
<td style="padding: 0px 3px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; text-align: right;"></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: right; height: 15px;"><br></td>
<td style="padding: 0px 3px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; text-align: right;"></td>



</tr>
<tr style="height: 15px;">
<td height="20" style="height: 15px; padding: 0px 0px 0px 36px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap;"><font style="font-family: 'times new roman', times; line-height: inherit;">Shareholders of Ultrapar</font></td>
<td align="right" style="padding: 0px 3px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; text-align: right;"><font style="font-family: 'times new roman', times; line-height: inherit;">431.5</font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: right; height: 15px;"><br></td>
<td align="right" style="padding: 0px 3px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; text-align: right;"><font style="font-family: 'times new roman', times; line-height: inherit;">262.1</font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: right; height: 15px;"><br></td>
<td align="right" style="padding: 0px 3px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; text-align: right;"><font style="font-family: 'times new roman', times; line-height: inherit;">1,099.0</font></td>



</tr>
<tr style="height: 15px;">
<td height="20" style="height: 15px; padding: 0px 0px 0px 36px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap;"><font style="font-family: 'times new roman', times; line-height: inherit;">Non-controlling interests in subsidiaries</font></td>
<td align="right" style="padding: 0px 3px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; text-align: right;"><font style="font-family: 'times new roman', times; line-height: inherit;">24.0</font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: right; height: 15px;"><br></td>
<td align="right" style="padding: 0px 3px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; text-align: right;"><font style="font-family: 'times new roman', times; line-height: inherit;">11.8</font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: right; height: 15px;"><br></td>
<td align="right" style="padding: 0px 3px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; text-align: right;"><font style="font-family: 'times new roman', times; line-height: inherit;">15.0</font></td>



</tr>
<tr style="height: 16px;">
<td style="padding: 0px; color: #008fff; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; height: 16px;"><br></td>
<td style="padding: 0px 3px 0px 0px; color: #008fff; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; text-align: right; height: 16px;"><br></td>
<td style="padding: 0px; color: #008fff; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; text-align: right; height: 16px;"><br></td>
<td style="padding: 0px 3px 0px 0px; color: #008fff; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; text-align: right; height: 16px;"><br></td>
<td style="padding: 0px; color: #008fff; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; text-align: right; height: 16px;"><br></td>
<td style="padding: 0px 3px 0px 0px; color: #008fff; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; text-align: right; height: 16px;"><br></td>



</tr>
<tr style="height: 10px;">
<td height="24" style="height: 10px; padding: 0px; color: #008fff; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; border-top-width: 1px; border-top-style: solid; border-top-color: #008fff !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #008fff !important; border-left-width: 1px; border-left-style: solid; border-left-color: #008fff !important;"><font style="font-family: 'times new roman', times; line-height: inherit;">Adjusted EBITDA</font></td>
<td style="padding: 0px 3px 0px 0px; color: #008fff; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; height: 10px; text-align: right; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #008fff !important; border-bottom-color: #008fff !important;"><font style="font-family: 'times new roman', times; line-height: inherit;">1,357.7
  </font></td>
<td style="padding: 0px; color: #008fff; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; text-align: right; height: 10px; border-top-width: 1px; border-top-style: solid; border-top-color: #008fff !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #008fff !important;"><br></td>
<td style="padding: 0px 3px 0px 0px; color: #008fff; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; height: 10px; text-align: right; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #008fff !important; border-bottom-color: #008fff !important;"><font style="font-family: 'times new roman', times; line-height: inherit;">1,079.1
  </font></td>
<td style="padding: 0px; color: #008fff; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; text-align: right; height: 10px; border-top-width: 1px; border-top-style: solid; border-top-color: #008fff !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #008fff !important;"><br></td>
<td style="padding: 0px 3px 0px 0px; color: #008fff; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; height: 10px; text-align: right; 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: #008fff !important; border-bottom-color: #008fff !important; border-right-color: #008fff !important;"><font style="font-family: 'times new roman', times; line-height: inherit;">2,287.3
  </font></td>



</tr>
<tr style="height: 16px;">
<td style="padding: 0px; color: #008fff; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; height: 16px;"><br></td>
<td style="padding: 0px 3px 0px 0px; color: #008fff; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; text-align: right; height: 16px;"><br></td>
<td style="padding: 0px; color: #008fff; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; text-align: right; height: 16px;"><br></td>
<td style="padding: 0px 3px 0px 0px; color: #008fff; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; text-align: right; height: 16px;"><br></td>
<td style="padding: 0px; color: #008fff; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; text-align: right; height: 16px;"><br></td>
<td style="padding: 0px 3px 0px 0px; color: #008fff; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; text-align: right; height: 16px;"><br></td>



</tr>
<tr style="height: 10px;">
<td height="20" style="height: 10px; padding: 0px 0px 0px 18px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap;"><font style="font-family: 'times new roman', times; line-height: inherit;">Non-recurring<font style="font-size: 8pt;"><sup>1</sup></font></font></td>
<td align="right" style="padding: 0px 3px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; height: 10px; text-align: right;"><font style="font-family: 'times new roman', times; line-height: inherit;">(52.1)</font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: right; height: 10px;"><br></td>
<td align="right" style="padding: 0px 3px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; height: 10px; text-align: right;"><font style="font-family: 'times new roman', times; line-height: inherit;">(55.9)</font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: right; height: 10px;"><br></td>
<td align="right" style="padding: 0px 3px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; height: 10px; text-align: right;"><font style="font-family: 'times new roman', times; line-height: inherit;">(620.9)</font></td>



</tr>
<tr style="height: 16px;">
<td style="padding: 0px; color: #008fff; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; height: 16px;"><br></td>
<td style="padding: 0px 3px 0px 0px; color: #008fff; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; text-align: right; height: 16px;"><br></td>
<td style="padding: 0px; color: #008fff; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; text-align: right; height: 16px;"><br></td>
<td style="padding: 0px 3px 0px 0px; color: #008fff; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; text-align: right; height: 16px;"><br></td>
<td style="padding: 0px; color: #008fff; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; text-align: right; height: 16px;"><br></td>
<td style="padding: 0px 3px 0px 0px; color: #008fff; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; text-align: right; height: 16px;"><br></td>



</tr>
<tr style="height: 10px;">
<td height="24" style="height: 10px; padding: 0px; color: #008fff; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; border-top-width: 1px; border-top-style: solid; border-top-color: #008fff !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #008fff !important; border-left-width: 1px; border-left-style: solid; border-left-color: #008fff !important;"><font style="font-family: 'times new roman', times; line-height: inherit;">Recurring Adjusted EBITDA</font></td>
<td style="padding: 0px 3px 0px 0px; color: #008fff; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; height: 10px; text-align: right; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #008fff !important; border-bottom-color: #008fff !important;"><font style="font-family: 'times new roman', times; line-height: inherit;">1,305.6
  </font></td>
<td style="padding: 0px; color: #008fff; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; text-align: right; height: 10px; border-top-width: 1px; border-top-style: solid; border-top-color: #008fff !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #008fff !important;"><br></td>
<td style="padding: 0px 3px 0px 0px; color: #008fff; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; height: 10px; text-align: right; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #008fff !important; border-bottom-color: #008fff !important;"><font style="font-family: 'times new roman', times; line-height: inherit;">1,023.2
  </font></td>
<td style="padding: 0px; color: #008fff; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; text-align: right; height: 10px; border-top-width: 1px; border-top-style: solid; border-top-color: #008fff !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #008fff !important;"><br></td>
<td style="padding: 0px 3px 0px 0px; color: #008fff; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; height: 10px; text-align: right; 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: #008fff !important; border-bottom-color: #008fff !important; border-right-color: #008fff !important;"><font style="font-family: 'times new roman', times; line-height: inherit;">1,666.4
  </font></td>



</tr>
<tr style="height: 16px;">
<td style="padding: 0px; color: #008fff; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; height: 16px;"><br></td>
<td style="padding: 0px 3px 0px 0px; color: #008fff; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; text-align: right; height: 16px;"><br></td>
<td style="padding: 0px; color: #008fff; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; text-align: right; height: 16px;"><br></td>
<td style="padding: 0px 3px 0px 0px; color: #008fff; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; text-align: right; height: 16px;"><br></td>
<td style="padding: 0px; color: #008fff; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; text-align: right; height: 16px;"><br></td>
<td style="padding: 0px 3px 0px 0px; color: #008fff; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; text-align: right; height: 16px;"><br></td>



</tr>
<tr style="height: 15px;">
<td height="20" style="height: 15px; padding: 0px 0px 0px 18px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap;"><font style="font-family: 'times new roman', times; line-height: inherit;">Depreciation and amortization<font style="font-size: 8pt;"><sup>2</sup></font></font></td>
<td align="right" style="padding: 0px 3px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; text-align: right;"><font style="font-family: 'times new roman', times; line-height: inherit;">410.3</font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: right; height: 15px;"><br></td>
<td align="right" style="padding: 0px 3px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; text-align: right;"><font style="font-family: 'times new roman', times; line-height: inherit;">401.2</font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: right; height: 15px;"><br></td>
<td align="right" style="padding: 0px 3px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; text-align: right;"><font style="font-family: 'times new roman', times; line-height: inherit;">480.0</font></td>



</tr>
<tr style="height: 15px;">
<td height="20" style="height: 15px; padding: 0px 0px 0px 18px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap;"><font style="font-family: 'times new roman', times; line-height: inherit;">Total investments<font style="font-size: 8pt;"><sup>3</sup></font></font></td>
<td align="right" style="padding: 0px 3px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; text-align: right;"><font style="font-family: 'times new roman', times; line-height: inherit;">438.4</font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: right; height: 15px;"><br></td>
<td align="right" style="padding: 0px 3px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; text-align: right;"><font style="font-family: 'times new roman', times; line-height: inherit;">364.7</font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: right; height: 15px;"><br></td>
<td align="right" style="padding: 0px 3px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; text-align: right;"><font style="font-family: 'times new roman', times; line-height: inherit;">819.7</font></td>



</tr>
<tr style="height: 15px;">
<td height="20" style="height: 15px; padding: 0px; color: #051373; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap;"><font style="font-family: 'times new roman', times; line-height: inherit;">Ratios</font></td>
<td style="padding: 0px 3px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; text-align: right;"></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: right; height: 15px;"><br></td>
<td style="padding: 0px 3px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; text-align: right;"></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: right; height: 15px;"><br></td>
<td style="padding: 0px 3px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; text-align: right;"></td>



</tr>
<tr style="height: 15px;">
<td height="20" style="height: 15px; padding: 0px 0px 0px 18px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap;"><font style="font-family: 'times new roman', times; line-height: inherit;">Earnings per share (R$)</font></td>
<td align="right" style="padding: 0px 3px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; text-align: right;"><font style="font-family: 'times new roman', times; line-height: inherit;">0.39</font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: right; height: 15px;"><br></td>
<td align="right" style="padding: 0px 3px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; text-align: right;"><font style="font-family: 'times new roman', times; line-height: inherit;">0.24</font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: right; height: 15px;"><br></td>
<td align="right" style="padding: 0px 3px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; text-align: right;"><font style="font-family: 'times new roman', times; line-height: inherit;">1.00</font></td>



</tr>
<tr style="height: 15px;">
<td height="20" style="height: 15px; padding: 0px 0px 0px 18px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap;"><font style="font-family: 'times new roman', times; line-height: inherit;">Net debt / Adjusted LTM EBITDA<font style="font-size: 8pt;"><sup>4</sup></font></font></td>
<td align="right" style="padding: 0px 3px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; text-align: right;"><font style="font-family: 'times new roman', times; line-height: inherit;">1.3x</font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: right; height: 15px;"><br></td>
<td align="right" style="padding: 0px 3px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; text-align: right;"><font style="font-family: 'times new roman', times; line-height: inherit;">2.0x</font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: right; height: 15px;"><br></td>
<td align="right" style="padding: 0px 3px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; text-align: right;"><font style="font-family: 'times new roman', times; line-height: inherit;">1.1x</font></td>



</tr>
<tr style="height: 10px;">
<td height="20" style="height: 10px; padding: 0px 0px 0px 18px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap;"><font style="font-family: 'times new roman', times; line-height: inherit;">Gross margin (%)</font></td>
<td align="right" style="padding: 0px 3px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; height: 10px; text-align: right;"><font style="font-family: 'times new roman', times; line-height: inherit;">6.8%</font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: right; height: 10px;"><br></td>
<td align="right" style="padding: 0px 3px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; height: 10px; text-align: right;"><font style="font-family: 'times new roman', times; line-height: inherit;">5.6%</font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: right; height: 10px;"><br></td>
<td align="right" style="padding: 0px 3px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; height: 10px; text-align: right;"><font style="font-family: 'times new roman', times; line-height: inherit;">9.2%</font></td>



</tr>
<tr style="height: 10px;">
<td height="20" style="height: 10px; padding: 0px 0px 0px 18px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap;"><font style="font-family: 'times new roman', times; line-height: inherit;">Operating margin (%)</font></td>
<td align="right" style="padding: 0px 3px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; height: 10px; text-align: right;"><font style="font-family: 'times new roman', times; line-height: inherit;">3.1%</font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: right; height: 10px;"><br></td>
<td align="right" style="padding: 0px 3px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; height: 10px; text-align: right;"><font style="font-family: 'times new roman', times; line-height: inherit;">2.2%</font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: right; height: 10px;"><br></td>
<td align="right" style="padding: 0px 3px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; height: 10px; text-align: right;"><font style="font-family: 'times new roman', times; line-height: inherit;">5.4%</font></td>



</tr>
<tr style="height: 15px;">
<td height="20" style="height: 15px; padding: 0px 0px 0px 18px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap;">
<p><font style="font-family: 'times new roman', times; line-height: inherit;">Adjusted EBITDA margin (%)</font><font style="font-family: 'times new roman', times; line-height: inherit;"></font></p>
</td>
<td align="right" style="padding: 0px 3px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; text-align: right;"><font style="font-family: 'times new roman', times; line-height: inherit;">4.5%</font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: right; height: 15px;"><br></td>
<td align="right" style="padding: 0px 3px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; text-align: right;"><font style="font-family: 'times new roman', times; line-height: inherit;">3.5%</font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: right; height: 15px;"><br></td>
<td align="right" style="padding: 0px 3px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; text-align: right;"><font style="font-family: 'times new roman', times; line-height: inherit;">6.8%</font></td>



</tr>
<tr style="height: 15px;">
<td height="20" style="height: 15px; padding: 0px 0px 0px 6px; color: rgb(38, 38, 38); font-size: 10pt; font-weight: 400; text-decoration: none; font-family: &quot;Century Gothic&quot;, sans-serif; vertical-align: bottom; white-space: nowrap; text-align: left;"><font style="font-family: 'times new roman', times;;text-decoration: none;;font-weight: normal;;color: black;">&nbsp; &nbsp; Recurring Adjusted EBITDA margin (%)</font></td>
<td align="right" style="padding: 0px 3px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; text-align: right;"><font style="font-family: 'times new roman', times; line-height: inherit;">4.3%</font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: right; height: 15px;"><br></td>
<td align="right" style="padding: 0px 3px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; text-align: right;"><font style="font-family: 'times new roman', times; line-height: inherit;">3.3%</font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: right; height: 15px;"><br></td>
<td align="right" style="padding: 0px 3px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; text-align: right;"><font style="font-family: 'times new roman', times; line-height: inherit;">5.0%</font></td>



</tr>
<tr style="height: 15px;">
<td height="20" style="height: 15px; padding: 0px 0px 5px; color: #000000; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;"><font style="font-family: 'times new roman', times; line-height: inherit;">Number of employees<font style="font-size: 8pt;"><sup>5</sup></font></font></td>
<td align="right" style="padding: 0px 0px 5px; color: #000000; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; text-align: right; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;"><font style="font-family: 'times new roman', times; line-height: inherit;">9,988</font></td>
<td style="padding: 0px 0px 5px; color: #000000; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: right; height: 15px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;"><br></td>
<td align="right" style="padding: 0px 0px 5px; color: #000000; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; text-align: right; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;"><font style="font-family: 'times new roman', times; line-height: inherit;">9,923</font></td>
<td style="padding: 0px 0px 5px; color: #000000; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: right; height: 15px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;"><br></td>
<td align="right" style="padding: 0px 0px 5px; color: #000000; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; text-align: right; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;"><font style="font-family: 'times new roman', times; line-height: inherit;">10,009</font></td>



</tr>


















</table>
<p style="line-height: 1.2; margin: 0pt; text-indent: 0pt;"><font style="color: #000000; font-family: 'times new roman', times; font-size: 8pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: left; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: nowrap; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;"><sup>1</sup> Non-recurring items described in the EBITDA calculation table &#8211; page 2</font><br><font style="font-size: 8pt;"><sup>2</sup> Includes amortization with contractual assets with customers &#8211; exclusive rights</font><br><font style="font-size: 8pt;"><sup>3</sup> Includes property, plant and equipment and additions to intangible assets (net of divestitures), contractual assets with customers (exclusive rights), initial direct costs of assets with right of use, contributions made to SPEs (Specific Purpose Companies), payment of grants, financing of clients, rental advances (net of receipts), acquisition of shareholdings and payments of leases</font><br><font style="font-size: 8pt;"><sup>4</sup> Adjusted LTM EBITDA does not include capital gain and closing adjustments from the sales of Oxiteno and Extrafarma, and extraordinary tax credits; furthermore, it does not include LTM result from Extrafarma since the closing of its sale</font><br><font style="font-size: 8pt;"><sup>5</sup> Number of employees for 2023 was revised to reflect new criteria (includes only active employees and employees on leave for up to 12 months)</font></p>
<p style="line-height: 1.2;;margin:0pt"><br></p>
<div>
<table style="width: 100%; font-family: 'times new roman'; font-size: 10pt;">

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










</tr>





















</table>
<hr class="horizontalLineRemoved" style="border-bottom-color: #000000; border-top-color: #000000; color: #000000; background-color: #000000;"></hr>
<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div>










</div>













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

<tr>
<td style="width: 50%; border-bottom-width: 2px; border-bottom-style: solid; border-bottom-color: #051272;">
<p style="line-height: 90%; font-size: 10pt; font-family: Calibri, sans-serif;"><font style="font-size: 18.0pt; line-height: 90%; font-family: 'Century Gothic',sans-serif; mso-fareast-font-family: 'Century Gothic'; mso-bidi-font-family: 'Century Gothic'; color: #051473; mso-font-kerning: 12.0pt;"><font style="font-family: 'times new roman', times;">1<sup>ST</sup> QUARTER OF 2024</font><font style="mso-ligatures: none;"></font></font></p>














</td>
<td style="width: 50%; border-bottom-width: 2px; border-bottom-style: solid; border-bottom-color: #051272;"><img src="img46d94e39fa544349b50a.jpg" style="float: right;" alt="Graphics"></td>









</tr>



















</table>
<p style="text-align: right; margin: 8pt 0pt 0pt; text-indent: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; text-indent: 0px; text-align: right;"><font style="color: #008fff; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: bold; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: nowrap; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">In million of&nbsp;</font><font style="color: #008fff; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: bold; letter-spacing: normal; orphans: 2; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: nowrap; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important; font-family: 'times new roman', times; font-size: 10pt;">Reais</font></font></p>
<table border="0" cellpadding="0" cellspacing="0" width="100%" style="height: 1175.64px; border-collapse: collapse; width: 100%; margin: 0px 0px 0px 0.1px; white-space: normal; text-indent: 0px; font-family: 'times new roman'; font-size: 10pt;">






<tr style="height: 0px;">
<td rowspan="2" height="58" style="height: 40.6354px; padding: 0px 0px 0px 4px; color: #ffffff; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; background: #051373; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-left-width: 1px; border-left-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; border-left-color: #000000 !important;"><font style="font-family: 'times new roman', times;">ULTRAPAR - Cash flows</font></td>
<td rowspan="2" style="padding: 0px; color: #ffffff; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: normal; background: #051373; height: 40.6354px; text-align: center; 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;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;</font>JAN - MAR</font><br><font style="font-family: 'times new roman', times; font-size: 10pt;">
    2024<font style="mso-spacerun: yes;">&nbsp;</font></font></td>
<td style="padding: 0px; color: #ffffff; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: normal; background: #051373; text-align: center; height: 40.6354px; 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;" rowspan="2"><br></td>
<td rowspan="2" style="padding: 0px; color: #ffffff; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: normal; background: #051373; height: 40.6354px; text-align: center; 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;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;</font>JAN - MAR</font><br><font style="font-family: 'times new roman', times; font-size: 10pt;">
    2023<font style="mso-spacerun: yes;">&nbsp;</font></font></td>




</tr>
<tr></tr>
<tr style="height: 17px;">
<td style="padding: 0px; color: #051373; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; width: 75%; height: 17px;"><br></td>
<td style="padding: 0px 3px 0px 0px; color: #051273; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; margin: 0px; text-indent: 0px; width: 12%; height: 17px;"><br></td>
<td style="padding: 0px; color: #051273; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; margin: 0px; text-indent: 0px; width: 1%; height: 17px;"><br></td>
<td style="padding: 0px 3px 0px 0px; color: #051273; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; margin: 0px; text-indent: 0px; width: 12%; height: 17px;"><br></td>




</tr>
<tr style="height: 15px;">
<td height="21" style="height: 15px; padding: 0px; color: #051373; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; width: 75%;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Cash
  flows from operating activities</font></td>
<td style="padding: 0px 3px 0px 0px; color: #051273; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; height: 15px; margin: 0px; text-indent: 0px; width: 12%;"></td>
<td style="padding: 0px; color: #051273; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; margin: 0px; text-indent: 0px; width: 1%; height: 15px;"><br></td>
<td style="padding: 0px 3px 0px 0px; color: #051273; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; height: 15px; margin: 0px; text-indent: 0px; width: 12%;"></td>




</tr>
<tr style="height: 17px;">
<td style="padding: 0px; color: #051373; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; width: 75%; height: 17px;"><br></td>
<td style="padding: 0px 3px 0px 0px; color: #051273; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; margin: 0px; text-indent: 0px; width: 12%; height: 17px;"><br></td>
<td style="padding: 0px; color: #051273; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; margin: 0px; text-indent: 0px; width: 1%; height: 17px;"><br></td>
<td style="padding: 0px 3px 0px 0px; color: #051273; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; margin: 0px; text-indent: 0px; width: 12%; height: 17px;"><br></td>




</tr>
<tr style="height: 10px;">
<td height="24" style="height: 10px; padding: 0px; color: #008fff; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; border-top-width: 1px; border-top-style: solid; border-top-color: #008fff !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #008fff !important; border-left-width: 1px; border-left-style: solid; border-left-color: #008fff !important;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Net
  income</font></td>
<td style="padding: 0px 3px 0px 0px; color: #008fff; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; height: 10px; text-align: right; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #008fff !important; border-bottom-color: #008fff !important;"><font style="font-family: 'times new roman', times; font-size: 10pt;">455.4 </font></td>
<td style="padding: 0px; color: #008fff; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; text-align: right; margin: 0px; text-indent: 0px; height: 10px; border-top-width: 1px; border-top-style: solid; border-top-color: #008fff !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #008fff !important;"><br></td>
<td style="padding: 0px 3px 0px 0px; color: #008fff; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; height: 10px; text-align: right; margin: 0px; text-indent: 0px; 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: #008fff !important; border-bottom-color: #008fff !important; border-right-color: #008fff !important;"><font style="font-family: 'times new roman', times; font-size: 10pt;">273.8 </font></td>




</tr>
<tr style="height: 15px;">
<td height="21" style="height: 15px; padding: 0px; color: #051373; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Adjustments
  to reconcile net income to cash provided (consumed) by operating activities</font></td>
<td style="padding: 0px 3px 0px 0px; color: #051273; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; height: 15px; margin: 0px; text-indent: 0px;"></td>
<td style="padding: 0px; color: #051273; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; margin: 0px; text-indent: 0px; height: 15px;"><br></td>
<td style="padding: 0px 3px 0px 0px; color: #051273; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; height: 15px; margin: 0px; text-indent: 0px;"></td>




</tr>
<tr style="height: 15px;">
<td style="padding: 0px 0px 0px 18px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; height: 15px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Share of profit (loss) of subsidiaries, joint ventures and
  associates</font></td>
<td style="padding: 0px 3px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; height: 15px; margin: 0px; text-indent: 0px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">3.1 </font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; margin: 0px; text-indent: 0px; text-align: right; height: 15px;"><br></td>
<td style="padding: 0px 3px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; height: 15px; margin: 0px; text-indent: 0px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(10.4)</font></td>




</tr>
<tr style="height: 15px;">
<td style="padding: 0px 0px 0px 18px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; height: 15px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Amortization of contractual assets with customers - exclusive
  rights</font></td>
<td style="padding: 0px 3px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; height: 15px; margin: 0px; text-indent: 0px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">132.7 </font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; margin: 0px; text-indent: 0px; text-align: right; height: 15px;"><br></td>
<td style="padding: 0px 3px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; height: 15px; margin: 0px; text-indent: 0px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">132.1 </font></td>




</tr>
<tr style="height: 15px;">
<td style="padding: 0px 0px 0px 18px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; height: 15px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Amortization of right-of-use assets</font></td>
<td style="padding: 0px 3px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; height: 15px; margin: 0px; text-indent: 0px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">71.1 </font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; margin: 0px; text-indent: 0px; text-align: right; height: 15px;"><br></td>
<td style="padding: 0px 3px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; height: 15px; margin: 0px; text-indent: 0px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">75.3 </font></td>




</tr>
<tr style="height: 15px;">
<td style="padding: 0px 0px 0px 18px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; height: 15px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Depreciation and amortization</font></td>
<td style="padding: 0px 3px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; height: 15px; margin: 0px; text-indent: 0px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">208.7 </font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; margin: 0px; text-indent: 0px; text-align: right; height: 15px;"><br></td>
<td style="padding: 0px 3px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; height: 15px; margin: 0px; text-indent: 0px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">196.1 </font></td>




</tr>
<tr style="height: 15px;">
<td style="padding: 0px 0px 0px 18px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; height: 15px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Interest and foreign exchange rate variations</font></td>
<td style="padding: 0px 3px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; height: 15px; margin: 0px; text-indent: 0px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">393.0 </font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; margin: 0px; text-indent: 0px; text-align: right; height: 15px;"><br></td>
<td style="padding: 0px 3px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; height: 15px; margin: 0px; text-indent: 0px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">337.7 </font></td>




</tr>
<tr style="height: 15px;">
<td style="padding: 0px 0px 0px 18px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; height: 15px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Current and deferred income and social contribution taxes</font></td>
<td style="padding: 0px 3px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; height: 15px; margin: 0px; text-indent: 0px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">209.1 </font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; margin: 0px; text-indent: 0px; text-align: right; height: 15px;"><br></td>
<td style="padding: 0px 3px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; height: 15px; margin: 0px; text-indent: 0px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">92.4 </font></td>




</tr>
<tr style="height: 15px;">
<td style="padding: 0px 0px 0px 18px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; height: 15px;">
<p><font style="font-family: 'times new roman', times; font-size: 10pt;">Gain (loss) on disposal or write-off of property, plant and equipment, intangible assets and other assets</font></p>

</td>
<td style="padding: 0px 3px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; height: 15px; margin: 0px; text-indent: 0px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(72.0)</font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; margin: 0px; text-indent: 0px; text-align: right; height: 15px;"><br></td>
<td style="padding: 0px 3px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; height: 15px; margin: 0px; text-indent: 0px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(52.8)</font></td>




</tr>
<tr style="height: 15px;">
<td style="padding: 0px 0px 0px 18px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; height: 15px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Equity instrument granted</font></td>
<td style="padding: 0px 3px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; height: 15px; margin: 0px; text-indent: 0px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">10.4 </font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; margin: 0px; text-indent: 0px; text-align: right; height: 15px;"><br></td>
<td style="padding: 0px 3px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; height: 15px; margin: 0px; text-indent: 0px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">5.1 </font></td>




</tr>
<tr style="height: 15px;">
<td style="padding: 0px 0px 0px 18px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; height: 15px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Provision for decarbonization - CBios</font></td>
<td style="padding: 0px 3px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; height: 15px; margin: 0px; text-indent: 0px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">182.9 </font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; margin: 0px; text-indent: 0px; text-align: right; height: 15px;"><br></td>
<td style="padding: 0px 3px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; height: 15px; margin: 0px; text-indent: 0px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">152.8 </font></td>




</tr>
<tr style="height: 13px;">
<td style="padding: 0px 0px 0px 18px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; height: 13px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Other provisions and adjustments</font></td>
<td style="padding: 0px 3px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; height: 13px; margin: 0px; text-indent: 0px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">51.0 </font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; margin: 0px; text-indent: 0px; text-align: right; height: 13px;"><br></td>
<td style="padding: 0px 3px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; height: 13px; margin: 0px; text-indent: 0px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">89.8</font></td>




</tr>
<tr style="height: 14px;">
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; height: 14px;"></td>
<td style="padding: 0px 3px 0px 0px; color: #262626; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; height: 14px; margin: 0px; text-indent: 0px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">1,645.5 </font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; margin: 0px; text-indent: 0px; text-align: right; height: 14px;"><br></td>
<td style="padding: 0px 3px 0px 0px; color: #262626; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; height: 14px; margin: 0px; text-indent: 0px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">1,292.0</font></td>




</tr>
<tr style="height: 15px;">
<td height="21" style="height: 15px; padding: 0px; color: #051373; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(Increase)
  decrease in assets</font></td>
<td style="padding: 0px 3px 0px 0px; color: #051273; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; height: 15px; margin: 0px; text-indent: 0px;"></td>
<td style="padding: 0px; color: #051273; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; margin: 0px; text-indent: 0px; height: 15px;"><br></td>
<td style="padding: 0px 3px 0px 0px; color: #051273; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; height: 15px; margin: 0px; text-indent: 0px;"></td>




</tr>
<tr style="height: 15px;">
<td style="padding: 0px 0px 0px 18px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; height: 15px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Trade receivables and reseller financing</font></td>
<td style="padding: 0px 3px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; height: 15px; margin: 0px; text-indent: 0px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">177.5 </font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; margin: 0px; text-indent: 0px; text-align: right; height: 15px;"><br></td>
<td style="padding: 0px 3px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; height: 15px; margin: 0px; text-indent: 0px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">403.1 </font></td>




</tr>
<tr style="height: 15px;">
<td style="padding: 0px 0px 0px 18px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; height: 15px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Inventories</font></td>
<td style="padding: 0px 3px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; height: 15px; margin: 0px; text-indent: 0px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(77.2)</font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; margin: 0px; text-indent: 0px; text-align: right; height: 15px;"><br></td>
<td style="padding: 0px 3px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; height: 15px; margin: 0px; text-indent: 0px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">1,130.6 </font></td>




</tr>
<tr style="height: 15px;">
<td style="padding: 0px 0px 0px 18px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; height: 15px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Recoverable taxes</font></td>
<td style="padding: 0px 3px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; height: 15px; margin: 0px; text-indent: 0px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(86.3)</font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; margin: 0px; text-indent: 0px; text-align: right; height: 15px;"><br></td>
<td style="padding: 0px 3px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; height: 15px; margin: 0px; text-indent: 0px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(187.3)</font></td>




</tr>
<tr style="height: 15px;">
<td style="padding: 0px 0px 0px 18px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; height: 15px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Dividends received from subsidiaries and joint ventures</font></td>
<td style="padding: 0px 3px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; height: 15px; margin: 0px; text-indent: 0px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">0.9 </font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; margin: 0px; text-indent: 0px; text-align: right; height: 15px;"><br></td>
<td style="padding: 0px 3px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; height: 15px; margin: 0px; text-indent: 0px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">0.4 </font></td>




</tr>
<tr style="height: 15px;">
<td style="padding: 0px 0px 0px 18px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; height: 15px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Other assets</font></td>
<td style="padding: 0px 3px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; height: 15px; margin: 0px; text-indent: 0px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(137.7)</font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; margin: 0px; text-indent: 0px; text-align: right; height: 15px;"><br></td>
<td style="padding: 0px 3px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; height: 15px; margin: 0px; text-indent: 0px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">4.0 </font></td>




</tr>
<tr style="height: 17px;">
<td style="padding: 0px 0px 0px 18px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; height: 17px;"><br></td>
<td style="padding: 0px 3px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; margin: 0px; text-indent: 0px; text-align: right; height: 17px;"><br></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; margin: 0px; text-indent: 0px; text-align: right; height: 17px;"><br></td>
<td style="padding: 0px 3px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; margin: 0px; text-indent: 0px; text-align: right; height: 17px;"><br></td>




</tr>
<tr style="height: 15px;">
<td height="21" style="height: 15px; padding: 0px; color: #051373; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Increase
  (decrease) in liabilities</font></td>
<td style="padding: 0px 3px 0px 0px; color: #051273; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; height: 15px; margin: 0px; text-indent: 0px;"></td>
<td style="padding: 0px; color: #051273; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; margin: 0px; text-indent: 0px; height: 15px;"><br></td>
<td style="padding: 0px 3px 0px 0px; color: #051273; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; height: 15px; margin: 0px; text-indent: 0px;"></td>




</tr>
<tr style="height: 15px;">
<td style="padding: 0px 0px 0px 18px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; height: 15px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Trade payables and trade payables - reverse factoring</font></td>
<td style="padding: 0px 3px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; height: 15px; margin: 0px; text-indent: 0px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(1,340.2)</font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; margin: 0px; text-indent: 0px; text-align: right; height: 15px;"><br></td>
<td style="padding: 0px 3px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; height: 15px; margin: 0px; text-indent: 0px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(2,764.3)</font></td>




</tr>
<tr style="height: 15px;">
<td style="padding: 0px 0px 0px 18px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; height: 15px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Salaries and related charges</font></td>
<td style="padding: 0px 3px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; height: 15px; margin: 0px; text-indent: 0px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(145.9)</font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; margin: 0px; text-indent: 0px; text-align: right; height: 15px;"><br></td>
<td style="padding: 0px 3px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; height: 15px; margin: 0px; text-indent: 0px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(131.2)</font></td>




</tr>
<tr style="height: 15px;">
<td style="padding: 0px 0px 0px 18px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; height: 15px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Taxes payable</font></td>
<td style="padding: 0px 3px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; height: 15px; margin: 0px; text-indent: 0px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(4.5)</font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; margin: 0px; text-indent: 0px; text-align: right; height: 15px;"><br></td>
<td style="padding: 0px 3px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; height: 15px; margin: 0px; text-indent: 0px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">7.7 </font></td>




</tr>
<tr style="height: 15px;">
<td style="padding: 0px 0px 0px 18px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; height: 15px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Other liabilities</font></td>
<td style="padding: 0px 3px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; height: 15px; margin: 0px; text-indent: 0px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(41.5)</font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; margin: 0px; text-indent: 0px; text-align: right; height: 15px;"><br></td>
<td style="padding: 0px 3px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; height: 15px; margin: 0px; text-indent: 0px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(128.5)</font></td>




</tr>
<tr style="height: 17px;">
<td style="padding: 0px 0px 0px 18px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; height: 17px;"><br></td>
<td style="padding: 0px 3px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; margin: 0px; text-indent: 0px; text-align: right; height: 17px;"><br></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; margin: 0px; text-indent: 0px; text-align: right; height: 17px;"><br></td>
<td style="padding: 0px 3px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; margin: 0px; text-indent: 0px; text-align: right; height: 17px;"><br></td>




</tr>
<tr style="height: 15px;">
<td height="21" style="height: 15px; padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Acquisition
  of CBios</font></td>
<td style="padding: 0px 3px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; height: 15px; margin: 0px; text-indent: 0px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(338.1)</font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; margin: 0px; text-indent: 0px; text-align: right; height: 15px;"><br></td>
<td style="padding: 0px 3px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; height: 15px; margin: 0px; text-indent: 0px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(167.5)</font></td>




</tr>
<tr style="height: 15px;">
<td height="21" style="height: 15px; padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Payments
  of contractual assets with customers - exclusive rights</font></td>
<td style="padding: 0px 3px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; height: 15px; margin: 0px; text-indent: 0px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(91.9)</font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; margin: 0px; text-indent: 0px; text-align: right; height: 15px;"><br></td>
<td style="padding: 0px 3px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; height: 15px; margin: 0px; text-indent: 0px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(132.4)</font></td>




</tr>
<tr style="height: 15px;">
<td height="21" style="height: 15px; padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Payment
  of contingencies</font></td>
<td style="padding: 0px 3px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; height: 15px; margin: 0px; text-indent: 0px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(30.9)</font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; margin: 0px; text-indent: 0px; text-align: right; height: 15px;"><br></td>
<td style="padding: 0px 3px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; height: 15px; margin: 0px; text-indent: 0px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">(6.2)</font></font></td>




</tr>
<tr style="height: 15px;">
<td height="21" style="height: 15px; padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Income
  and social contribution taxes paid</font></td>
<td style="padding: 0px 3px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; height: 15px; margin: 0px; text-indent: 0px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(102.9)</font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; margin: 0px; text-indent: 0px; text-align: right; height: 15px;"><br></td>
<td style="padding: 0px 3px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; height: 15px; margin: 0px; text-indent: 0px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(31.7)</font></td>




</tr>
<tr style="height: 17px;">
<td style="padding: 0px; color: #008fff; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; height: 17px;"><br></td>
<td style="padding: 0px 3px 0px 0px; color: #008fff; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; margin: 0px; text-indent: 0px; text-align: right; height: 17px;"><br></td>
<td style="padding: 0px; color: #008fff; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; margin: 0px; text-indent: 0px; text-align: right; height: 17px;"><br></td>
<td style="padding: 0px 3px 0px 0px; color: #008fff; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; margin: 0px; text-indent: 0px; text-align: right; height: 17px;"><br></td>




</tr>
<tr style="height: 18px;">
<td height="24" style="height: 18px; padding: 0px; color: #008fff; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; border-top-width: 1px; border-top-style: solid; border-top-color: #008fff !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #008fff !important; border-left-width: 1px; border-left-style: solid; border-left-color: #008fff !important;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Net
  cash provided (consumed) by operating activities</font></td>
<td style="padding: 0px 3px 0px 0px; color: #008fff; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; height: 18px; margin: 0px; text-indent: 0px; text-align: right; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #008fff !important; border-bottom-color: #008fff !important;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(573.2)</font></td>
<td style="padding: 0px; color: #008fff; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; margin: 0px; text-indent: 0px; text-align: right; height: 18px; border-top-width: 1px; border-top-style: solid; border-top-color: #008fff !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #008fff !important;"><br></td>
<td style="padding: 0px 3px 0px 0px; color: #008fff; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; height: 18px; margin: 0px; text-indent: 0px; text-align: right; 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: #008fff !important; border-bottom-color: #008fff !important; border-right-color: #008fff !important;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(711.3)</font></td>




</tr>
<tr style="height: 17px;">
<td style="padding: 0px; color: #008fff; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; height: 17px;"><br></td>
<td style="padding: 0px 3px 0px 0px; color: #008fff; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; margin: 0px; text-indent: 0px; text-align: right; height: 17px;"><br></td>
<td style="padding: 0px; color: #008fff; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; margin: 0px; text-indent: 0px; text-align: right; height: 17px;"><br></td>
<td style="padding: 0px 3px 0px 0px; color: #008fff; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; margin: 0px; text-indent: 0px; text-align: right; height: 17px;"><br></td>




</tr>
<tr style="height: 15px;">
<td height="21" style="height: 15px; padding: 0px; color: #051373; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Cash
  flows from investing activities</font></td>
<td style="padding: 0px 3px 0px 0px; color: #051273; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; height: 15px; margin: 0px; text-indent: 0px;"></td>
<td style="padding: 0px; color: #051273; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; margin: 0px; text-indent: 0px; height: 15px;"><br></td>
<td style="padding: 0px 3px 0px 0px; color: #051273; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; height: 15px; margin: 0px; text-indent: 0px;"></td>




</tr>
<tr style="height: 10px;">
<td style="padding: 0px 0px 0px 18px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; height: 10px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Financial investments, net of redemptions</font></td>
<td style="padding: 0px 3px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; vertical-align: middle; white-space: nowrap; height: 10px; margin: 0px; text-indent: 0px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(1,547.0)</font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; vertical-align: middle; white-space: nowrap; margin: 0px; text-indent: 0px; text-align: right; height: 10px;"><br></td>
<td style="padding: 0px 3px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; height: 10px; margin: 0px; text-indent: 0px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">302.6 </font></td>




</tr>
<tr style="height: 15px;">
<td style="padding: 0px 0px 0px 18px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; height: 15px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Acquisition of property, plant, equipment and intangible</font></td>
<td style="padding: 0px 3px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; vertical-align: middle; white-space: nowrap; height: 15px; margin: 0px; text-indent: 0px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(326.2)</font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; vertical-align: middle; white-space: nowrap; margin: 0px; text-indent: 0px; text-align: right; height: 15px;"><br></td>
<td style="padding: 0px 3px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; height: 15px; margin: 0px; text-indent: 0px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(221.0)</font></td>




</tr>
<tr style="height: 15px;">
<td style="padding: 0px 0px 0px 18px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; height: 15px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Cash provided by disposal of investments and property, plant
  and equipment</font></td>
<td style="padding: 0px 3px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; vertical-align: middle; white-space: nowrap; height: 15px; margin: 0px; text-indent: 0px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">89.4 </font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; vertical-align: middle; white-space: nowrap; margin: 0px; text-indent: 0px; text-align: right; height: 15px;"><br></td>
<td style="padding: 0px 3px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; height: 15px; margin: 0px; text-indent: 0px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">149.6 </font></td>




</tr>
<tr style="height: 15px;">
<td style="padding: 0px 0px 0px 18px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; height: 15px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Net cash consumed by subsidiaries acquisition</font></td>
<td style="padding: 0px 3px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; vertical-align: middle; white-space: nowrap; height: 15px; margin: 0px; text-indent: 0px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">-<font style="mso-spacerun: yes;">&nbsp;&nbsp;</font></font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; vertical-align: middle; white-space: nowrap; margin: 0px; text-indent: 0px; text-align: right; height: 15px;"><br></td>
<td style="padding: 0px 3px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; height: 15px; margin: 0px; text-indent: 0px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(47.5)</font></td>




</tr>
<tr style="height: 15px;">
<td style="padding: 0px 0px 0px 18px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; height: 15px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Investment purchase and sale transactions and other
  assets</font></td>
<td style="padding: 0px 3px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; vertical-align: middle; white-space: nowrap; height: 15px; margin: 0px; text-indent: 0px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">-<font style="mso-spacerun: yes;">&nbsp;&nbsp; </font></font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; vertical-align: middle; white-space: nowrap; margin: 0px; text-indent: 0px; text-align: right; height: 15px;"><br></td>
<td style="padding: 0px 3px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; height: 15px; margin: 0px; text-indent: 0px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(38.1)</font></td>




</tr>
<tr style="height: 17px;">
<td style="padding: 0px; color: #008fff; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; height: 17px;"><br></td>
<td style="padding: 0px 3px 0px 0px; color: #008fff; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; text-align: right; height: 17px;"><br></td>
<td style="padding: 0px; color: #008fff; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; text-align: right; height: 17px;"><br></td>
<td style="padding: 0px 3px 0px 0px; color: #008fff; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; text-align: right; height: 17px;"><br></td>




</tr>
<tr style="height: 10px;">
<td height="24" style="height: 10px; padding: 0px; color: #008fff; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; border-top-width: 1px; border-top-style: solid; border-top-color: #008fff !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #008fff !important; border-left-width: 1px; border-left-style: solid; border-left-color: #008fff !important;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Net
  cash provided (consumed) by investing activities</font></td>
<td style="padding: 0px 3px 0px 0px; color: #008fff; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; height: 10px; text-align: right; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #008fff !important; border-bottom-color: #008fff !important;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(1,783.8)</font></td>
<td style="padding: 0px; color: #008fff; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; text-align: right; height: 10px; border-top-width: 1px; border-top-style: solid; border-top-color: #008fff !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #008fff !important;"><br></td>
<td style="padding: 0px 3px 0px 0px; color: #008fff; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; height: 10px; text-align: right; 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: #008fff !important; border-bottom-color: #008fff !important; border-right-color: #008fff !important;"><font style="font-family: 'times new roman', times; font-size: 10pt;">145.5 </font></td>




</tr>
<tr style="height: 17px;">
<td style="padding: 0px; color: #008fff; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; height: 17px;"><br></td>
<td style="padding: 0px 3px 0px 0px; color: #008fff; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; text-align: right; height: 17px;"><br></td>
<td style="padding: 0px; color: #008fff; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; text-align: right; height: 17px;"><br></td>
<td style="padding: 0px 3px 0px 0px; color: #008fff; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; text-align: right; height: 17px;"><br></td>




</tr>
<tr style="height: 15px;">
<td height="21" style="height: 15px; padding: 0px; color: #051373; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Cash
  flows from financing activities</font></td>
<td style="padding: 0px 3px 0px 0px; color: #051273; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; height: 15px;"></td>
<td style="padding: 0px; color: #051273; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; height: 15px;"><br></td>
<td style="padding: 0px 3px 0px 0px; color: #051273; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; height: 15px;"></td>




</tr>
<tr style="height: 15px;">
<td style="padding: 0px 0px 0px 18px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; height: 15px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Loans, financing and debentures</font></td>
<td style="padding: 0px 3px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; height: 15px;"></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; height: 15px;"><br></td>
<td style="padding: 0px 3px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; height: 15px;"></td>




</tr>
<tr style="height: 15px;">
<td style="padding: 0px 0px 0px 36px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; height: 15px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Proceeds</font></td>
<td style="padding: 0px 3px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; height: 15px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">1,348.9 </font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; text-align: right; height: 15px;"><br></td>
<td style="padding: 0px 3px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; height: 15px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">1,708.6 </font></td>




</tr>
<tr style="height: 15px;">
<td style="padding: 0px 0px 0px 36px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; height: 15px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Repayments</font></td>
<td style="padding: 0px 3px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; height: 15px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(136.6)</font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; text-align: right; height: 15px;"><br></td>
<td style="padding: 0px 3px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; height: 15px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(1,851.7)</font></td>




</tr>
<tr style="height: 10px;">
<td style="padding: 0px 0px 0px 36px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; height: 10px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Interest and derivatives paid</font></td>
<td style="padding: 0px 3px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; height: 10px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(426.6)</font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; text-align: right; height: 10px;"><br></td>
<td style="padding: 0px 3px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; height: 10px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(292.3)</font></td>




</tr>
<tr style="height: 15px;">
<td style="padding: 0px 0px 0px 18px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; height: 15px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Payments of leases</font></td>
<td style="padding: 0px 3px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; height: 15px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(120.3)</font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; text-align: right; height: 15px;"><br></td>
<td style="padding: 0px 3px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; height: 15px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(84.1)</font></td>




</tr>
<tr style="height: 15px;">
<td style="padding: 0px 0px 0px 18px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; height: 15px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Dividends paid</font></td>
<td style="padding: 0px 3px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; height: 15px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(437.5)</font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; text-align: right; height: 15px;"><br></td>
<td style="padding: 0px 3px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; height: 15px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(108.7)</font></td>




</tr>
<tr style="height: 15px;">
<td style="padding: 0px 0px 0px 18px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; height: 15px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Proceeds of financial liabilities of customers</font></td>
<td style="padding: 0px 3px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; height: 15px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">-<font style="mso-spacerun: yes;">&nbsp;&nbsp; </font></font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; text-align: right; height: 15px;"><br></td>
<td style="padding: 0px 3px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; height: 15px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;</font>6.8 </font></td>




</tr>
<tr style="height: 15px;">
<td style="padding: 0px 0px 0px 18px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; height: 15px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Payments of financial liabilities of customers</font></td>
<td style="padding: 0px 3px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; height: 15px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(40.6)</font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; text-align: right; height: 15px;"><br></td>
<td style="padding: 0px 3px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; height: 15px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(47.4)</font></td>




</tr>
<tr style="height: 15px;">
<td style="padding: 0px 0px 0px 18px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; height: 15px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Capital decrease</font></td>
<td style="padding: 0px 3px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; height: 15px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">-<font style="mso-spacerun: yes;">&nbsp;&nbsp; </font></font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; text-align: right; height: 15px;"><br></td>
<td style="padding: 0px 3px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; height: 15px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(0.0)</font></td>




</tr>
<tr style="height: 15px;">
<td style="padding: 0px 0px 0px 18px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; height: 15px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Related parties</font></td>
<td style="padding: 0px 3px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; height: 15px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(8.4)</font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; text-align: right; height: 15px;"><br></td>
<td style="padding: 0px 3px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; height: 15px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">0.4 </font></td>




</tr>
<tr style="height: 17px;">
<td style="padding: 0px; color: #008fff; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; height: 17px;"><br></td>
<td style="padding: 0px 3px 0px 0px; color: #008fff; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; text-align: right; height: 17px;"><br></td>
<td style="padding: 0px; color: #008fff; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; text-align: right; height: 17px;"><br></td>
<td style="padding: 0px 3px 0px 0px; color: #008fff; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; text-align: right; height: 17px;"><br></td>




</tr>
<tr style="height: 18px;">
<td height="24" style="height: 18px; padding: 0px; color: #008fff; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; border-top-width: 1px; border-top-style: solid; border-top-color: #008fff !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #008fff !important; border-left-width: 1px; border-left-style: solid; border-left-color: #008fff !important;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Net
  cash provided (consumed) by financing activities</font></td>
<td style="padding: 0px 3px 0px 0px; color: #008fff; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; height: 18px; text-align: right; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #008fff !important; border-bottom-color: #008fff !important;"><font style="font-family: 'times new roman', times; font-size: 10pt;">178.9 </font></td>
<td style="padding: 0px; color: #008fff; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; text-align: right; height: 18px; border-top-width: 1px; border-top-style: solid; border-top-color: #008fff !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #008fff !important;"><br></td>
<td style="padding: 0px 3px 0px 0px; color: #008fff; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; height: 18px; text-align: right; 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: #008fff !important; border-bottom-color: #008fff !important; border-right-color: #008fff !important;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(668.5)</font></td>




</tr>
<tr style="height: 17px;">
<td style="padding: 0px; color: #008fff; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; height: 17px;"><br></td>
<td style="padding: 0px 3px 0px 0px; color: #008fff; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; text-align: right; height: 17px;"><br></td>
<td style="padding: 0px; color: #008fff; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; text-align: right; height: 17px;"><br></td>
<td style="padding: 0px 3px 0px 0px; color: #008fff; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; text-align: right; height: 17px;"><br></td>




</tr>
<tr style="height: 18px;">
<td height="24" style="height: 18px; padding: 0px; color: #008fff; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; border-top-width: 1px; border-top-style: solid; border-top-color: #008fff !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #008fff !important; border-left-width: 1px; border-left-style: solid; border-left-color: #008fff !important;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Effect
  of exchange rate changes on cash and cash equivalents in foreign currency</font></td>
<td style="padding: 0px 3px 0px 0px; color: #008fff; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; height: 18px; text-align: right; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #008fff !important; border-bottom-color: #008fff !important;"><font style="font-family: 'times new roman', times; font-size: 10pt;">-<font style="mso-spacerun: yes;">&nbsp;</font></font></td>
<td style="padding: 0px; color: #008fff; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; height: 18px; border-top-width: 1px; border-top-style: solid; border-top-color: #008fff !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #008fff !important;"><br></td>
<td style="padding: 0px 3px 0px 0px; color: #008fff; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; height: 18px; text-align: right; 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: #008fff !important; border-bottom-color: #008fff !important; border-right-color: #008fff !important;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(25.7)</font></td>




</tr>
<tr style="height: 17px;">
<td style="padding: 0px; color: #008fff; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; height: 17px;"><br></td>
<td style="padding: 0px 3px 0px 0px; color: #008fff; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; height: 17px;"><br></td>
<td style="padding: 0px; color: #008fff; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; height: 17px;"><br></td>
<td style="padding: 0px 3px 0px 0px; color: #008fff; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; text-align: right; height: 17px;"><br></td>




</tr>
<tr style="height: 18px;">
<td height="24" style="height: 18px; padding: 0px; color: #008fff; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; border-top-width: 1px; border-top-style: solid; border-top-color: #008fff !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #008fff !important; border-left-width: 1px; border-left-style: solid; border-left-color: #008fff !important;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Increase
  (decrease) in cash and cash equivalents</font></td>
<td style="padding: 0px 3px 0px 0px; color: #008fff; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; height: 18px; text-align: right; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #008fff !important; border-bottom-color: #008fff !important;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(2,178.1)</font></td>
<td style="padding: 0px; color: #008fff; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; text-align: right; height: 18px; border-top-width: 1px; border-top-style: solid; border-top-color: #008fff !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #008fff !important;"><br></td>
<td style="padding: 0px 3px 0px 0px; color: #008fff; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; height: 18px; text-align: right; 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: #008fff !important; border-bottom-color: #008fff !important; border-right-color: #008fff !important;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(1,260.0)</font></td>




</tr>
<tr style="height: 17px;">
<td style="padding: 0px; color: #008fff; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; height: 17px;"><br></td>
<td style="padding: 0px 3px 0px 0px; color: #008fff; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; text-align: right; height: 17px;"><br></td>
<td style="padding: 0px; color: #008fff; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; text-align: right; height: 17px;"><br></td>
<td style="padding: 0px 3px 0px 0px; color: #008fff; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; text-align: right; height: 17px;"><br></td>




</tr>
<tr style="height: 18px;">
<td height="24" style="height: 18px; padding: 0px; color: #008fff; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; border-top-width: 1px; border-top-style: solid; border-top-color: #008fff !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #008fff !important; border-left-width: 1px; border-left-style: solid; border-left-color: #008fff !important;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Cash
  and cash equivalents at the beginning of the period</font></td>
<td style="padding: 0px 3px 0px 0px; color: #008fff; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; height: 18px; text-align: right; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #008fff !important; border-bottom-color: #008fff !important;"><font style="font-family: 'times new roman', times; font-size: 10pt;">5,925.7 </font></td>
<td style="padding: 0px; color: #008fff; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; text-align: right; height: 18px; border-top-width: 1px; border-top-style: solid; border-top-color: #008fff !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #008fff !important;"><br></td>
<td style="padding: 0px 3px 0px 0px; color: #008fff; font-size: 10pt; font-weight: bold; text-decoration: none; vertical-align: middle; white-space: nowrap; height: 18px; text-align: right; 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: #008fff !important; border-bottom-color: #008fff !important; border-right-color: #008fff !important;"><font style="font-family: 'times new roman', times; font-size: 10pt;">5,621.8 </font></td>




</tr>
<tr style="height: 17px;">
<td style="padding: 0px; color: #008fff; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; height: 17px;"><br></td>
<td style="padding: 0px 3px 0px 0px; color: #008fff; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; text-align: right; height: 17px;"><br></td>
<td style="padding: 0px; color: #008fff; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; text-align: right; height: 17px;"><br></td>
<td style="padding: 0px 3px 0px 0px; color: #008fff; font-size: 10pt; font-weight: bold; text-decoration: none; vertical-align: middle; white-space: nowrap; text-align: right; height: 17px;"><br></td>




</tr>
<tr style="height: 18px;">
<td height="24" style="height: 18px; padding: 0px; color: #008fff; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; border-top-width: 1px; border-top-style: solid; border-top-color: #008fff !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #008fff !important; border-left-width: 1px; border-left-style: solid; border-left-color: #008fff !important;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Cash
  and cash equivalents at the end of the period</font></td>
<td style="padding: 0px 3px 0px 0px; color: #008fff; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; height: 18px; text-align: right; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #008fff !important; border-bottom-color: #008fff !important;"><font style="font-family: 'times new roman', times; font-size: 10pt;">3,747.6 </font></td>
<td style="padding: 0px; color: #008fff; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; text-align: right; height: 18px; border-top-width: 1px; border-top-style: solid; border-top-color: #008fff !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #008fff !important;"><br></td>
<td style="padding: 0px 3px 0px 0px; color: #008fff; font-size: 10pt; font-weight: bold; text-decoration: none; vertical-align: middle; white-space: nowrap; height: 18px; text-align: right; 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: #008fff !important; border-bottom-color: #008fff !important; border-right-color: #008fff !important;"><font style="font-family: 'times new roman', times; font-size: 10pt;">4,361.8 </font></td>




</tr>
<tr style="height: 17px;">
<td style="padding: 0px; color: #008fff; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; height: 17px;"><br></td>
<td style="padding: 0px 3px 0px 0px; color: #008fff; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; text-align: right; height: 17px;"><br></td>
<td style="padding: 0px; color: #008fff; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; text-align: right; height: 17px;"><br></td>
<td style="padding: 0px 3px 0px 0px; color: #008fff; font-size: 10pt; font-weight: bold; text-decoration: none; vertical-align: middle; white-space: nowrap; text-align: right; height: 17px;"><br></td>




</tr>
<tr style="height: 15px;">
<td height="21" style="height: 15px; padding: 0px; color: #051373; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Non-cash
  transactions:</font></td>
<td style="padding: 0px 3px 0px 0px; color: #051273; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; height: 15px;"></td>
<td style="padding: 0px; color: #051273; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; height: 15px;"><br></td>
<td style="padding: 0px 3px 0px 0px; color: #051273; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; height: 15px;"></td>




</tr>
<tr style="height: 15px;">
<td style="padding: 0px 0px 0px 18px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; height: 15px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Addition on right-to-use assets and leases payable</font></td>
<td style="padding: 0px 3px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; height: 15px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">68.3 </font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; text-align: right; height: 15px;"><br></td>
<td style="padding: 0px 3px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; height: 15px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">134.8 </font></td>




</tr>
<tr style="height: 15px;">
<td style="padding: 0px 0px 0px 18px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; height: 15px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Addition on contractual assets with customers - exclusive
  rights</font></td>
<td style="padding: 0px 3px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; height: 15px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">16.2 </font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; text-align: right; height: 15px;"><br></td>
<td style="padding: 0px 3px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; height: 15px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">49.8 </font></td>




</tr>
<tr style="height: 15px;">
<td style="padding: 0px 0px 0px 18px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; height: 15px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Transfer between trade receivables and property, plant and
  equipment</font></td>
<td style="padding: 0px 3px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; height: 15px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">4.4 </font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; text-align: right; height: 15px;"><br></td>
<td style="padding: 0px 3px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; height: 15px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">-<font style="mso-spacerun: yes;">&nbsp;&nbsp; </font></font></td>




</tr>
<tr style="height: 15px;">
<td style="padding: 0px 0px 0px 18px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; height: 15px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Issuance of shares related to the subscription warrants -
  indemnification - Extrafarma acquisition</font></td>
<td style="padding: 0px 3px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; height: 15px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">5.5 </font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; text-align: right; height: 15px;"><br></td>
<td style="padding: 0px 3px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; height: 15px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">0.4 </font></td>




</tr>
<tr style="height: 15px;">
<td style="padding: 0px 0px 0px 18px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; height: 15px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Acquisition of property, plant and equipment and intangible
  assets without cash effect</font></td>
<td style="padding: 0px 3px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; height: 15px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">9.0 </font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; text-align: right; height: 15px;"><br></td>
<td style="padding: 0px 3px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; height: 15px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">8.5 </font></td>




</tr>














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

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







</tr>















</table>
<hr class="horizontalLineRemoved" style="border-bottom-color: #000000; border-top-color: #000000; color: #000000; background-color: #000000;"></hr>
<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div>







</div>








</div><div style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; text-indent: 0pt;">
<table style="width: 100%; border-collapse: collapse; font-family: 'times new roman'; font-size: 10pt;">

<tr>
<td style="width: 50%; border-bottom-width: 2px; border-bottom-style: solid; border-bottom-color: #051272;">
<p style="line-height: 90%; font-size: 10pt; font-family: Calibri, sans-serif;"><font style="font-size: 18.0pt; line-height: 90%; font-family: 'Century Gothic',sans-serif; mso-fareast-font-family: 'Century Gothic'; mso-bidi-font-family: 'Century Gothic'; color: #051473; mso-font-kerning: 12.0pt;"><font style="font-family: 'times new roman', times;">1<sup>ST</sup> QUARTER OF 2024</font><font style="mso-ligatures: none;"></font></font></p>

















</td>
<td style="width: 50%; border-bottom-width: 2px; border-bottom-style: solid; border-bottom-color: #051272;"><img src="img46d94e39fa544349b50a.jpg" style="float: right;" alt="Graphics"></td>












</tr>

























</table>
<p style="text-align: right; margin: 8pt 0pt 0pt; text-indent: 0pt;"><font style="color: #008fff; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: bold; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: nowrap; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial;">&nbsp;</font><font style="font-size: 10pt; text-indent: 0px; text-align: right;"><font style="color: #008fff; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: bold; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: nowrap; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">In million of&nbsp;</font><font style="color: #008fff; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: bold; letter-spacing: normal; orphans: 2; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: nowrap; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important; font-size: 10pt;">Reais</font></font></p>
<table border="0" cellpadding="0" cellspacing="0" width="100%" style="height: 290px; border-collapse: collapse; width: 100%; margin-left: 0.1px; white-space: normal; font-family: 'times new roman'; font-size: 10pt;">






<tr style="height: 10px;">
<td height="37" style="height: 10px; padding: 0px; color: #ffffff; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; background: #051373; 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-left-width: 1px; border-left-style: solid; border-left-color: #000000 !important;"><font style="font-family: 'times new roman', times; font-size: 10pt;">ULTRAGAZ
  - Working capital</font></td>
<td style="padding: 0px; color: #ffffff; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: normal; background: #051373; height: 10px; text-align: center; 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;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;</font>MAR 24<font style="mso-spacerun: yes;">&nbsp;</font></font></td>
<td style="padding: 0px; color: #ffffff; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: normal; background: #051373; text-align: center; 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;"><br></td>
<td style="padding: 0px; color: #ffffff; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: normal; background: #051373; height: 10px; text-align: center; 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;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;</font>MAR 23<font style="mso-spacerun: yes;">&nbsp;</font></font></td>
<td style="padding: 0px; color: #ffffff; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: normal; background: #051373; text-align: center; 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;"><br></td>
<td style="padding: 0px; color: #ffffff; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; background: #051373; height: 10px; text-align: center; 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;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;</font>DEC 23<font style="mso-spacerun: yes;">&nbsp;</font></font></td>













</tr>
<tr style="height: 17px;">
<td style="padding: 0px; color: #051373; font-size: 10.5pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; height: 17px;"><br></td>
<td style="padding: 0px 3px 0px 0px; color: #051273; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; height: 17px;"><br></td>
<td style="padding: 0px; color: #051273; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; height: 17px;"><br></td>
<td style="padding: 0px 3px 0px 0px; color: #051273; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; height: 17px;"><br></td>
<td style="padding: 0px; color: #051273; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; height: 17px;"><br></td>
<td style="padding: 0px 3px 0px 0px; color: #051273; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; height: 17px;"><br></td>













</tr>
<tr style="height: 13px;">
<td height="18" style="height: 13px; padding: 0px; color: #051373; font-size: 10.5pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; width: 68%;"><font style="font-family: 'times new roman', times; font-size: 10pt;">OPERATING ASSETS</font></td>
<td style="padding: 0px 3px 0px 0px; color: #051273; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; height: 13px; width: 10%;"></td>
<td style="padding: 0px; color: #051273; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; width: 1%; height: 13px;"><br></td>
<td style="padding: 0px 3px 0px 0px; color: #051273; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; height: 13px; width: 10%;"></td>
<td style="padding: 0px; color: #051273; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; width: 1%; height: 13px;"><br></td>
<td style="padding: 0px 3px 0px 0px; color: #051273; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; height: 13px; width: 10%;"></td>













</tr>
<tr style="height: 12px;">
<td height="17" style="height: 12px; padding: 0px 0px 0px 18px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Trade receivables</font></td>
<td style="padding: 0px 3px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">571.1 </font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: right; height: 12px;"><br></td>
<td style="padding: 0px 3px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">547.3 </font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: right; height: 12px;"><br></td>
<td style="padding: 0px 3px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">535.9 </font></td>













</tr>
<tr style="height: 12px;">
<td height="17" style="height: 12px; padding: 0px 0px 0px 18px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Non-current trade receivables</font></td>
<td style="padding: 0px 3px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">15.2 </font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: right; height: 12px;"><br></td>
<td style="padding: 0px 3px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">13.6 </font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: right; height: 12px;"><br></td>
<td style="padding: 0px 3px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">11.0 </font></td>













</tr>
<tr style="height: 12px;">
<td height="17" style="height: 12px; padding: 0px 0px 0px 18px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Inventories</font></td>
<td style="padding: 0px 3px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">198.7 </font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: right; height: 12px;"><br></td>
<td style="padding: 0px 3px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">164.7 </font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: right; height: 12px;"><br></td>
<td style="padding: 0px 3px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">178.2 </font></td>













</tr>
<tr style="height: 12px;">
<td height="17" style="height: 12px; padding: 0px 0px 0px 18px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Taxes</font></td>
<td style="padding: 0px 3px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">135.4 </font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: right; height: 12px;"><br></td>
<td style="padding: 0px 3px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">271.5 </font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: right; height: 12px;"><br></td>
<td style="padding: 0px 3px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">125.6 </font></td>













</tr>
<tr style="height: 12px;">
<td height="17" style="height: 12px; padding: 0px 0px 0px 18px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Escrow deposits</font></td>
<td style="padding: 0px 3px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">256.1 </font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: right; height: 12px;"><br></td>
<td style="padding: 0px 3px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">250.8 </font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: right; height: 12px;"><br></td>
<td style="padding: 0px 3px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">258.9 </font></td>













</tr>
<tr style="height: 12px;">
<td height="17" style="height: 12px; padding: 0px 0px 0px 18px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Other</font></td>
<td style="padding: 0px 3px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">115.1 </font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: right; height: 12px;"><br></td>
<td style="padding: 0px 3px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">124.2 </font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: right; height: 12px;"><br></td>
<td style="padding: 0px 3px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">95.3 </font></td>













</tr>
<tr style="height: 12px;">
<td height="17" style="height: 12px; padding: 0px 0px 0px 18px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Right-of-use assets</font></td>
<td style="padding: 0px 3px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">154.8 </font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: right; height: 12px;"><br></td>
<td style="padding: 0px 3px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">164.2 </font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: right; height: 12px;"><br></td>
<td style="padding: 0px 3px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">149.7 </font></td>













</tr>
<tr style="height: 12px;">
<td height="17" style="height: 12px; padding: 0px 0px 0px 18px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Property, plant and equipment
  / Intangibles</font></td>
<td style="padding: 0px 3px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">1,733.6 </font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: right; height: 12px;"><br></td>
<td style="padding: 0px 3px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">1,619.4 </font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: right; height: 12px;"><br></td>
<td style="padding: 0px 3px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">1,721.2 </font></td>













</tr>
<tr style="height: 17px;">
<td style="padding: 0px; color: #008fff; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; height: 17px;"><br></td>
<td style="padding: 0px 3px 0px 0px; color: #008fff; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; text-align: right; height: 17px;"><br></td>
<td style="padding: 0px; color: #008fff; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; text-align: right; height: 17px;"><br></td>
<td style="padding: 0px 3px 0px 0px; color: #008fff; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; text-align: right; height: 17px;"><br></td>
<td style="padding: 0px; color: #008fff; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; text-align: right; height: 17px;"><br></td>
<td style="padding: 0px 3px 0px 0px; color: #008fff; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; text-align: right; height: 17px;"><br></td>













</tr>
<tr style="height: 15px;">
<td height="20" style="height: 15px; padding: 0px; color: #008fff; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; border-top-width: 1px; border-top-style: solid; border-top-color: #008fff !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #008fff !important; border-left-width: 1px; border-left-style: solid; border-left-color: #008fff !important;"><font style="font-family: 'times new roman', times; font-size: 10pt;">TOTAL OPERATING ASSETS</font></td>
<td style="padding: 0px 3px 0px 0px; color: #008fff; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; height: 15px; text-align: right; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #008fff !important; border-bottom-color: #008fff !important;"><font style="font-family: 'times new roman', times; font-size: 10pt;">3,180.0 </font></td>
<td style="padding: 0px; color: #008fff; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; text-align: right; height: 15px; border-top-width: 1px; border-top-style: solid; border-top-color: #008fff !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #008fff !important;"><br></td>
<td style="padding: 0px 3px 0px 0px; color: #008fff; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; height: 15px; text-align: right; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #008fff !important; border-bottom-color: #008fff !important;"><font style="font-family: 'times new roman', times; font-size: 10pt;">3,155.7 </font></td>
<td style="padding: 0px; color: #008fff; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; text-align: right; height: 15px; border-top-width: 1px; border-top-style: solid; border-top-color: #008fff !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #008fff !important;"><br></td>
<td style="padding: 0px 3px 0px 0px; color: #008fff; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; height: 15px; text-align: right; 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: #008fff !important; border-bottom-color: #008fff !important; border-right-color: #008fff !important;"><font style="font-family: 'times new roman', times; font-size: 10pt;">3,075.7 </font></td>













</tr>
<tr style="height: 17px;">
<td style="padding: 0px; color: #008fff; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; height: 17px;"><br></td>
<td style="padding: 0px 3px 0px 0px; color: #008fff; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; text-align: right; height: 17px;"><br></td>
<td style="padding: 0px; color: #008fff; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; text-align: right; height: 17px;"><br></td>
<td style="padding: 0px 3px 0px 0px; color: #008fff; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; text-align: right; height: 17px;"><br></td>
<td style="padding: 0px; color: #008fff; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; text-align: right; height: 17px;"><br></td>
<td style="padding: 0px 3px 0px 0px; color: #008fff; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; text-align: right; height: 17px;"><br></td>













</tr>
<tr style="height: 13px;">
<td height="18" style="height: 13px; padding: 0px; color: #051373; font-size: 10.5pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap;"><font style="font-family: 'times new roman', times; font-size: 10pt;">OPERATING LIABILITIES</font></td>
<td style="padding: 0px 3px 0px 0px; color: #051273; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; height: 13px; text-align: right;"></td>
<td style="padding: 0px; color: #051273; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: right; height: 13px;"><br></td>
<td style="padding: 0px 3px 0px 0px; color: #051273; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; height: 13px; text-align: right;"></td>
<td style="padding: 0px; color: #051273; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: right; height: 13px;"><br></td>
<td style="padding: 0px 3px 0px 0px; color: #051273; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; height: 13px; text-align: right;"></td>













</tr>
<tr style="height: 12px;">
<td height="17" style="height: 12px; padding: 0px 0px 0px 18px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Trade payables</font></td>
<td style="padding: 0px 3px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">236.8 </font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: right; height: 12px;"><br></td>
<td style="padding: 0px 3px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">217.7 </font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: right; height: 12px;"><br></td>
<td style="padding: 0px 3px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">233.7 </font></td>













</tr>
<tr style="height: 12px;">
<td height="17" style="height: 12px; padding: 0px 0px 0px 18px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Salaries and related charges</font></td>
<td style="padding: 0px 3px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">101.8 </font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: right; height: 12px;"><br></td>
<td style="padding: 0px 3px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">92.8 </font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: right; height: 12px;"><br></td>
<td style="padding: 0px 3px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">124.5 </font></td>













</tr>
<tr style="height: 12px;">
<td height="17" style="height: 12px; padding: 0px 0px 0px 18px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Taxes</font></td>
<td style="padding: 0px 3px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">9.0 </font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: right; height: 12px;"><br></td>
<td style="padding: 0px 3px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">14.9 </font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: right; height: 12px;"><br></td>
<td style="padding: 0px 3px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">10.5 </font></td>













</tr>
<tr style="height: 12px;">
<td height="17" style="height: 12px; padding: 0px 0px 0px 18px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Judicial provisions</font></td>
<td style="padding: 0px 3px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">167.3 </font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: right; height: 12px;"><br></td>
<td style="padding: 0px 3px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">136.5 </font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: right; height: 12px;"><br></td>
<td style="padding: 0px 3px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">162.5 </font></td>













</tr>
<tr style="height: 12px;">
<td height="17" style="height: 12px; padding: 0px 0px 0px 18px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Leases payable</font></td>
<td style="padding: 0px 3px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">192.4 </font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: right; height: 12px;"><br></td>
<td style="padding: 0px 3px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">202.3 </font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: right; height: 12px;"><br></td>
<td style="padding: 0px 3px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">188.1 </font></td>













</tr>
<tr style="height: 12px;">
<td height="17" style="height: 12px; padding: 0px 0px 0px 18px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Other</font></td>
<td style="padding: 0px 3px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">66.1 </font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: right; height: 12px;"><br></td>
<td style="padding: 0px 3px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">82.2 </font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: right; height: 12px;"><br></td>
<td style="padding: 0px 3px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">61.5 </font></td>













</tr>
<tr style="height: 10px;">
<td style="padding: 0px; color: #008fff; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; height: 10px;"><br></td>
<td style="padding: 0px 3px 0px 0px; color: #008fff; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; text-align: right; height: 10px;"><br></td>
<td style="padding: 0px; color: #008fff; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; text-align: right; height: 10px;"><br></td>
<td style="padding: 0px 3px 0px 0px; color: #008fff; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; text-align: right; height: 10px;"><br></td>
<td style="padding: 0px; color: #008fff; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; text-align: right; height: 10px;"><br></td>
<td style="padding: 0px 3px 0px 0px; color: #008fff; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; text-align: right; height: 10px;"><br></td>













</tr>
<tr style="height: 10px;">
<td height="20" style="height: 10px; padding: 0px; color: #008fff; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; border-top-width: 1px; border-top-style: solid; border-top-color: #008fff !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #008fff !important; border-left-width: 1px; border-left-style: solid; border-left-color: #008fff !important;"><font style="font-family: 'times new roman', times; font-size: 10pt;">TOTAL OPERATING LIABILITIES</font></td>
<td style="padding: 0px 3px 0px 0px; color: #008fff; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; height: 10px; text-align: right; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #008fff !important; border-bottom-color: #008fff !important;"><font style="font-family: 'times new roman', times; font-size: 10pt;">773.4 </font></td>
<td style="padding: 0px; color: #008fff; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; text-align: right; height: 10px; border-top-width: 1px; border-top-style: solid; border-top-color: #008fff !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #008fff !important;"><br></td>
<td style="padding: 0px 3px 0px 0px; color: #008fff; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; height: 10px; text-align: right; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #008fff !important; border-bottom-color: #008fff !important;"><font style="font-family: 'times new roman', times; font-size: 10pt;">746.5 </font></td>
<td style="padding: 0px; color: #008fff; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; text-align: right; height: 10px; border-top-width: 1px; border-top-style: solid; border-top-color: #008fff !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #008fff !important;"><br></td>
<td style="padding: 0px 3px 0px 0px; color: #008fff; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; height: 10px; text-align: right; 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: #008fff !important; border-bottom-color: #008fff !important; border-right-color: #008fff !important;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">780.9 </font></td>













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

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










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<hr class="horizontalLineRemoved" style="border-bottom-color: #000000; border-top-color: #000000; color: #000000; background-color: #000000;"></hr>
<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div>










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

<tr>
<td style="width: 50%; border-bottom-width: 2px; border-bottom-style: solid; border-bottom-color: #051272;">
<p style="line-height: 90%; font-size: 10pt; font-family: Calibri, sans-serif;"><font style="font-size: 18.0pt; line-height: 90%; font-family: 'Century Gothic',sans-serif; mso-fareast-font-family: 'Century Gothic'; mso-bidi-font-family: 'Century Gothic'; color: #051473; mso-font-kerning: 12.0pt;"><font style="font-family: 'times new roman', times;">1<sup>ST</sup> QUARTER OF 2024</font><font style="mso-ligatures: none;"></font></font></p>

















</td>
<td style="width: 50%; border-bottom-width: 2px; border-bottom-style: solid; border-bottom-color: #051272;"><img src="img46d94e39fa544349b50a.jpg" style="float: right;" alt="Graphics"></td>












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<p style="margin:0pt"><br></p>
<table border="0" cellpadding="0" cellspacing="0" width="100%" style="height: 428px; border-collapse: collapse; width: 100%; margin: 0px 0px 0px 0.1px; white-space: normal; text-indent: 0px; font-family: 'times new roman'; font-size: 10pt;">






<tr style="height: 12px;">
<td height="17" style="height: 12px; padding: 0px; color: #1f497d; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: center;"></td>
<td style="padding: 0px; color: #1f497d; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: center; height: 12px;"></td>
<td style="padding: 0px; color: #1f497d; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: center; height: 12px;"><br></td>
<td colspan="3" style="padding: 8px 0px 0px; color: #008fff; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: right; height: 12px;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;</font>In million of Reais</font><font style="mso-spacerun: yes;">&nbsp;</font></td>






</tr>
<tr style="height: 10px;">
<td height="37" style="height: 10px; padding: 0px; color: #ffffff; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; background: #051373; 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-left-width: 1px; border-left-style: solid; border-left-color: #000000 !important;"><font style="font-family: 'times new roman', times; font-size: 10pt;">ULTRAGAZ - Income statement</font></td>
<td style="padding: 0px; color: #ffffff; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: normal; background: #051373; height: 10px; text-align: center; 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;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;</font>1Q24<font style="mso-spacerun: yes;">&nbsp;</font></font></td>
<td style="padding: 0px; color: #ffffff; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: normal; background: #051373; text-align: center; 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;"><br></td>
<td style="padding: 0px; color: #ffffff; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: normal; background: #051373; height: 10px; text-align: center; 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;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;</font>1Q23<font style="mso-spacerun: yes;">&nbsp;</font></font></td>
<td style="padding: 0px; color: #ffffff; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: normal; background: #051373; text-align: center; 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;"><br></td>
<td style="padding: 0px; color: #ffffff; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: normal; background: #051373; height: 10px; text-align: center; 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;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;</font>4Q23<font style="mso-spacerun: yes;">&nbsp;</font></font></td>






</tr>
<tr style="height: 17px;">
<td style="padding: 0px; color: #008fff; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; height: 17px;"><br></td>
<td style="padding: 0px 3px 0px 0px; color: #008fff; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; text-align: right; height: 17px;"><br></td>
<td style="padding: 0px; color: #008fff; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; text-align: right; height: 17px;"><br></td>
<td style="padding: 0px 3px 0px 0px; color: #008fff; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; text-align: right; height: 17px;"><br></td>
<td style="padding: 0px; color: #008fff; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; text-align: right; height: 17px;"><br></td>
<td style="padding: 0px 3px 0px 0px; color: #008fff; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; text-align: right; height: 17px;"><br></td>






</tr>
<tr style="height: 12px;">
<td height="17" style="height: 12px; padding: 0px; color: #008fff; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; width: 68%; border-top-width: 1px; border-top-style: solid; border-top-color: #008fff !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #008fff !important; border-left-width: 1px; border-left-style: solid; border-left-color: #008fff !important;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Net revenues</font></td>
<td style="padding: 0px 3px 0px 0px; color: #008fff; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; height: 12px; text-align: right; width: 10%; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #008fff !important; border-bottom-color: #008fff !important;"><font style="font-family: 'times new roman', times; font-size: 10pt;">2,499.9 </font></td>
<td style="padding: 0px; color: #008fff; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; text-align: right; height: 12px; width: 1%; border-top-width: 1px; border-top-style: solid; border-top-color: #008fff !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #008fff !important;"><br></td>
<td style="padding: 0px 3px 0px 0px; color: #008fff; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; height: 12px; text-align: right; width: 10%; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #008fff !important; border-bottom-color: #008fff !important;"><font style="font-family: 'times new roman', times; font-size: 10pt;">2,640.7 </font></td>
<td style="padding: 0px; color: #008fff; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; text-align: right; height: 12px; width: 1%; border-top-width: 1px; border-top-style: solid; border-top-color: #008fff !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #008fff !important;"><br></td>
<td style="padding: 0px 3px 0px 0px; color: #008fff; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; height: 12px; text-align: right; width: 10%; 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: #008fff !important; border-bottom-color: #008fff !important; border-right-color: #008fff !important;"><font style="font-family: 'times new roman', times; font-size: 10pt;">2,555.3 </font></td>






</tr>
<tr style="height: 17px;">
<td style="padding: 0px; color: #008fff; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; height: 17px;"><br></td>
<td style="padding: 0px 3px 0px 0px; color: #008fff; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; text-align: right; height: 17px;"><br></td>
<td style="padding: 0px; color: #008fff; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; text-align: right; height: 17px;"><br></td>
<td style="padding: 0px 3px 0px 0px; color: #008fff; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; text-align: right; height: 17px;"><br></td>
<td style="padding: 0px; color: #008fff; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; text-align: right; height: 17px;"><br></td>
<td style="padding: 0px 3px 0px 0px; color: #008fff; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; text-align: right; height: 17px;"><br></td>






</tr>
<tr style="height: 12px;">
<td height="17" style="height: 12px; padding: 0px 0px 0px 18px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Cost of products sold</font></td>
<td style="padding: 0px 3px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(1,985.3)</font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: right; height: 12px;"><br></td>
<td style="padding: 0px 3px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(2,128.6)</font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: right; height: 12px;"><br></td>
<td style="padding: 0px 3px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(2,021.5)</font></td>






</tr>
<tr style="height: 17px;">
<td style="padding: 0px; color: #008fff; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; height: 17px;"><br></td>
<td style="padding: 0px 3px 0px 0px; color: #008fff; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; text-align: right; height: 17px;"><br></td>
<td style="padding: 0px; color: #008fff; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; text-align: right; height: 17px;"><br></td>
<td style="padding: 0px 3px 0px 0px; color: #008fff; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; text-align: right; height: 17px;"><br></td>
<td style="padding: 0px; color: #008fff; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; text-align: right; height: 17px;"><br></td>
<td style="padding: 0px 3px 0px 0px; color: #008fff; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; text-align: right; height: 17px;"><br></td>






</tr>
<tr style="height: 12px;">
<td height="17" style="height: 12px; padding: 0px; color: #008fff; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; border-top-width: 1px; border-top-style: solid; border-top-color: #008fff !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #008fff !important; border-left-width: 1px; border-left-style: solid; border-left-color: #008fff !important;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Gross profit</font></td>
<td style="padding: 0px 3px 0px 0px; color: #008fff; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; height: 12px; text-align: right; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #008fff !important; border-bottom-color: #008fff !important;"><font style="font-family: 'times new roman', times; font-size: 10pt;">514.6 </font></td>
<td style="padding: 0px; color: #008fff; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; text-align: right; height: 12px; border-top-width: 1px; border-top-style: solid; border-top-color: #008fff !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #008fff !important;"><br></td>
<td style="padding: 0px 3px 0px 0px; color: #008fff; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; height: 12px; text-align: right; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #008fff !important; border-bottom-color: #008fff !important;"><font style="font-family: 'times new roman', times; font-size: 10pt;">512.1 </font></td>
<td style="padding: 0px; color: #008fff; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; text-align: right; height: 12px; border-top-width: 1px; border-top-style: solid; border-top-color: #008fff !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #008fff !important;"><br></td>
<td style="padding: 0px 3px 0px 0px; color: #008fff; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; height: 12px; text-align: right; 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: #008fff !important; border-bottom-color: #008fff !important; border-right-color: #008fff !important;"><font style="font-family: 'times new roman', times; font-size: 10pt;">533.8 </font></td>






</tr>
<tr style="height: 17px;">
<td style="padding: 0px; color: #008fff; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; height: 17px;"><br></td>
<td style="padding: 0px 3px 0px 0px; color: #008fff; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; text-align: right; height: 17px;"><br></td>
<td style="padding: 0px; color: #008fff; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; text-align: right; height: 17px;"><br></td>
<td style="padding: 0px 3px 0px 0px; color: #008fff; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; text-align: right; height: 17px;"><br></td>
<td style="padding: 0px; color: #008fff; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; text-align: right; height: 17px;"><br></td>
<td style="padding: 0px 3px 0px 0px; color: #008fff; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; text-align: right; height: 17px;"><br></td>






</tr>
<tr style="height: 12px;">
<td height="17" style="height: 12px; padding: 0px 0px 0px 18px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Operating expenses</font></td>
<td style="padding: 0px 3px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right;"></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: right; height: 12px;"><br></td>
<td style="padding: 0px 3px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right;"></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: right; height: 12px;"><br></td>
<td style="padding: 0px 3px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right;"></td>






</tr>
<tr style="height: 12px;">
<td height="17" style="height: 12px; padding: 0px 0px 0px 25px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Selling and marketing</font></td>
<td style="padding: 0px 3px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(131.1)</font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: right; height: 12px;"><br></td>
<td style="padding: 0px 3px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(141.3)</font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: right; height: 12px;"><br></td>
<td style="padding: 0px 3px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(164.8)</font></td>






</tr>
<tr style="height: 12px;">
<td height="17" style="height: 12px; padding: 0px 0px 0px 25px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap;"><font style="font-family: 'times new roman', times; font-size: 10pt;">General and administrative</font></td>
<td style="padding: 0px 3px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(80.4)</font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: right; height: 12px;"><br></td>
<td style="padding: 0px 3px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(72.3)</font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: right; height: 12px;"><br></td>
<td style="padding: 0px 3px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(69.4)</font></td>






</tr>
<tr style="height: 17px;">
<td style="padding: 0px 0px 0px 25px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; height: 17px;"><br></td>
<td style="padding: 0px 3px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: right; height: 17px;"><br></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: right; height: 17px;"><br></td>
<td style="padding: 0px 3px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: right; height: 17px;"><br></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: right; height: 17px;"><br></td>
<td style="padding: 0px 3px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: right; height: 17px;"><br></td>






</tr>
<tr style="height: 12px;">
<td height="17" style="height: 12px; padding: 0px 0px 0px 18px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Results from disposal of
  assets</font></td>
<td style="padding: 0px 3px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">0.3 </font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: right; height: 12px;"><br></td>
<td style="padding: 0px 3px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(0.2)</font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: right; height: 12px;"><br></td>
<td style="padding: 0px 3px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">3.4 </font></td>






</tr>
<tr style="height: 12px;">
<td height="17" style="height: 12px; padding: 0px 0px 0px 18px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Other operating income
  (expenses), net</font></td>
<td style="padding: 0px 3px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">4.3 </font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: right; height: 12px;"><br></td>
<td style="padding: 0px 3px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">6.1 </font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: right; height: 12px;"><br></td>
<td style="padding: 0px 3px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">5.9 </font></td>






</tr>
<tr style="height: 17px;">
<td style="padding: 0px; color: #008fff; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; height: 17px;"><br></td>
<td style="padding: 0px 3px 0px 0px; color: #008fff; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; text-align: right; height: 17px;"><br></td>
<td style="padding: 0px; color: #008fff; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; text-align: right; height: 17px;"><br></td>
<td style="padding: 0px 3px 0px 0px; color: #008fff; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; text-align: right; height: 17px;"><br></td>
<td style="padding: 0px; color: #008fff; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; text-align: right; height: 17px;"><br></td>
<td style="padding: 0px 3px 0px 0px; color: #008fff; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; text-align: right; height: 17px;"><br></td>






</tr>
<tr style="height: 12px;">
<td height="17" style="height: 12px; padding: 0px; color: #008fff; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; border-top-width: 1px; border-top-style: solid; border-top-color: #008fff !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #008fff !important; border-left-width: 1px; border-left-style: solid; border-left-color: #008fff !important;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Operating income</font></td>
<td style="padding: 0px 3px 0px 0px; color: #008fff; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; height: 12px; text-align: right; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #008fff !important; border-bottom-color: #008fff !important;"><font style="font-family: 'times new roman', times; font-size: 10pt;">307.7 </font></td>
<td style="padding: 0px; color: #008fff; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; text-align: right; height: 12px; border-top-width: 1px; border-top-style: solid; border-top-color: #008fff !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #008fff !important;"><br></td>
<td style="padding: 0px 3px 0px 0px; color: #008fff; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; height: 12px; text-align: right; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #008fff !important; border-bottom-color: #008fff !important;"><font style="font-family: 'times new roman', times; font-size: 10pt;">304.3 </font></td>
<td style="padding: 0px; color: #008fff; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; text-align: right; height: 12px; border-top-width: 1px; border-top-style: solid; border-top-color: #008fff !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #008fff !important;"><br></td>
<td style="padding: 0px 3px 0px 0px; color: #008fff; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; height: 12px; text-align: right; 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: #008fff !important; border-bottom-color: #008fff !important; border-right-color: #008fff !important;"><font style="font-family: 'times new roman', times; font-size: 10pt;">308.9 </font></td>






</tr>
<tr style="height: 17px;">
<td style="padding: 0px; color: #008fff; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; height: 17px;"><br></td>
<td style="padding: 0px 3px 0px 0px; color: #008fff; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; text-align: right; height: 17px;"><br></td>
<td style="padding: 0px; color: #008fff; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; text-align: right; height: 17px;"><br></td>
<td style="padding: 0px 3px 0px 0px; color: #008fff; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; text-align: right; height: 17px;"><br></td>
<td style="padding: 0px; color: #008fff; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; text-align: right; height: 17px;"><br></td>
<td style="padding: 0px 3px 0px 0px; color: #008fff; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; text-align: right; height: 17px;"><br></td>






</tr>
<tr style="height: 12px;">
<td height="17" style="height: 12px; padding: 0px 0px 0px 18px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Share of profit (loss) of
  subsidiaries, joint ventures and associates</font></td>
<td style="padding: 0px 3px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(0.0)</font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: right; height: 12px;"><br></td>
<td style="padding: 0px 3px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(0.0)</font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: right; height: 12px;"><br></td>
<td style="padding: 0px 3px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(0.0)</font></td>






</tr>
<tr style="height: 17px;">
<td style="padding: 0px; color: #008fff; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; height: 17px;"><br></td>
<td style="padding: 0px 3px 0px 0px; color: #008fff; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; text-align: right; height: 17px;"><br></td>
<td style="padding: 0px; color: #008fff; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; text-align: right; height: 17px;"><br></td>
<td style="padding: 0px 3px 0px 0px; color: #008fff; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; text-align: right; height: 17px;"><br></td>
<td style="padding: 0px; color: #008fff; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; text-align: right; height: 17px;"><br></td>
<td style="padding: 0px 3px 0px 0px; color: #008fff; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; text-align: right; height: 17px;"><br></td>






</tr>
<tr style="height: 12px;">
<td height="17" style="height: 12px; padding: 0px; color: #008fff; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; border-top-width: 1px; border-top-style: solid; border-top-color: #008fff !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #008fff !important; border-left-width: 1px; border-left-style: solid; border-left-color: #008fff !important;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Adjusted EBITDA</font></td>
<td style="padding: 0px 3px 0px 0px; color: #008fff; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; height: 12px; text-align: right; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #008fff !important; border-bottom-color: #008fff !important;"><font style="font-family: 'times new roman', times; font-size: 10pt;">400.7 </font></td>
<td style="padding: 0px; color: #008fff; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; text-align: right; height: 12px; border-top-width: 1px; border-top-style: solid; border-top-color: #008fff !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #008fff !important;"><br></td>
<td style="padding: 0px 3px 0px 0px; color: #008fff; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; height: 12px; text-align: right; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #008fff !important; border-bottom-color: #008fff !important;"><font style="font-family: 'times new roman', times; font-size: 10pt;">384.0 </font></td>
<td style="padding: 0px; color: #008fff; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; text-align: right; height: 12px; border-top-width: 1px; border-top-style: solid; border-top-color: #008fff !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #008fff !important;"><br></td>
<td style="padding: 0px 3px 0px 0px; color: #008fff; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; height: 12px; text-align: right; 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: #008fff !important; border-bottom-color: #008fff !important; border-right-color: #008fff !important;"><font style="font-family: 'times new roman', times; font-size: 10pt;">406.4 </font></td>






</tr>
<tr style="height: 17px;">
<td style="padding: 0px; color: #008fff; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; height: 17px;"><br></td>
<td style="padding: 0px 3px 0px 0px; color: #008fff; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; text-align: right; height: 17px;"><br></td>
<td style="padding: 0px; color: #008fff; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; text-align: right; height: 17px;"><br></td>
<td style="padding: 0px 3px 0px 0px; color: #008fff; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; text-align: right; height: 17px;"><br></td>
<td style="padding: 0px; color: #008fff; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; text-align: right; height: 17px;"><br></td>
<td style="padding: 0px 3px 0px 0px; color: #008fff; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; text-align: right; height: 17px;"><br></td>






</tr>
<tr style="height: 12px;">
<td height="17" style="height: 12px; padding: 0px 0px 0px 18px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Depreciation and amortization<font style="font-size: 8pt;"><sup>1</sup></font></font></td>
<td style="padding: 0px 3px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">93.0 </font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: right; height: 12px;"><br></td>
<td style="padding: 0px 3px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">79.7 </font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: right; height: 12px;"><br></td>
<td style="padding: 0px 3px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">97.5 </font></td>






</tr>
<tr style="height: 17px;">
<td style="padding: 0px 0px 0px 18px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; height: 17px;"><br></td>
<td style="padding: 0px 3px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: right; height: 17px;"><br></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: right; height: 17px;"><br></td>
<td style="padding: 0px 3px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: right; height: 17px;"><br></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: right; height: 17px;"><br></td>
<td style="padding: 0px 3px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: right; height: 17px;"><br></td>






</tr>
<tr style="height: 12px;">
<td height="17" style="height: 12px; padding: 0px; color: #051373; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Ratios</font></td>
<td style="padding: 0px 3px 0px 0px; color: #051273; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right;"></td>
<td style="padding: 0px; color: #051273; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: right; height: 12px;"><br></td>
<td style="padding: 0px 3px 0px 0px; color: #051273; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right;"></td>
<td style="padding: 0px; color: #051273; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: right; height: 12px;"><br></td>
<td style="padding: 0px 3px 0px 0px; color: #051273; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right;"></td>






</tr>
<tr style="height: 17px;">
<td style="padding: 0px; color: #051373; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; height: 17px;"><br></td>
<td style="padding: 0px 3px 0px 0px; color: #051273; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: right; height: 17px;"><br></td>
<td style="padding: 0px; color: #051273; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: right; height: 17px;"><br></td>
<td style="padding: 0px 3px 0px 0px; color: #051273; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: right; height: 17px;"><br></td>
<td style="padding: 0px; color: #051273; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: right; height: 17px;"><br></td>
<td style="padding: 0px 3px 0px 0px; color: #051273; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: right; height: 17px;"><br></td>






</tr>
<tr style="height: 12px;">
<td height="17" style="height: 12px; padding: 0px 0px 0px 18px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Gross margin (R$/ton)</font></td>
<td style="padding: 0px 3px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">1,281 </font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: right; height: 12px;"><br></td>
<td style="padding: 0px 3px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">1,229 </font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: right; height: 12px;"><br></td>
<td style="padding: 0px 3px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">1,262 </font></td>






</tr>
<tr style="height: 12px;">
<td height="17" style="height: 12px; padding: 0px 0px 0px 18px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Operating margin (R$/ton)</font></td>
<td style="padding: 0px 3px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">766 </font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: right; height: 12px;"><br></td>
<td style="padding: 0px 3px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">730 </font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: right; height: 12px;"><br></td>
<td style="padding: 0px 3px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">730 </font></td>






</tr>
<tr style="height: 12px;">
<td height="17" style="height: 12px; padding: 0px 0px 0px 18px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Adjusted EBITDA margin (R$/ton)</font></td>
<td style="padding: 0px 3px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">997 </font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: right; height: 12px;"><br></td>
<td style="padding: 0px 3px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">922 </font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: right; height: 12px;"><br></td>
<td style="padding: 0px 3px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">960 </font></td>






</tr>
<tr style="height: 17px;">
<td style="padding: 0px 0px 0px 18px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; height: 17px;"><br></td>
<td style="padding: 0px 3px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: right; height: 17px;"><br></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: right; height: 17px;"><br></td>
<td style="padding: 0px 3px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: right; height: 17px;"><br></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: right; height: 17px;"><br></td>
<td style="padding: 0px 3px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: right; height: 17px;"><br></td>






</tr>
<tr style="height: 10px;">
<td height="17" style="height: 10px; padding: 0px 0px 5px; color: #000000; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; margin: 0px; text-indent: 0px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Number of employees<font style="font-size: 8pt;"><sup>2</sup></font></font></td>
<td style="padding: 0px 0px 5px; color: #262626; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; height: 10px; text-align: right; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;"><font style="font-family: 'times new roman', times; font-size: 10pt;">3,536 </font></td>
<td style="padding: 0px 0px 5px; color: #262626; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: right; height: 10px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;"><br></td>
<td style="padding: 0px 0px 5px; color: #262626; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; height: 10px; text-align: right; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;"><font style="font-family: 'times new roman', times; font-size: 10pt;">3,580 </font></td>
<td style="padding: 0px 0px 5px; color: #262626; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: right; height: 10px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;"><br></td>
<td style="padding: 0px 0px 5px; color: #262626; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; height: 10px; text-align: right; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;"><font style="font-family: 'times new roman', times; font-size: 10pt;">3,566 </font></td>






</tr>




















</table>


<font style="text-indent: 0pt; font-size: 8pt;"><sup>1</sup></font> <font style="text-indent: 0pt; font-size: 8pt;">Includes amortization with contractual assets with customers - exclusive rights</font></div>
<div style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; text-indent: 0pt;"><font style="text-indent: 0pt; font-size: 8pt;"><sup>2</sup></font> <font style="text-indent: 0pt; font-size: 8pt;">Number of employees for 2023 was revised to reflect new criteria (includes only active employees and employees on leave for up to 12 months)</font></div>
<div style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; text-indent: 0pt;">
<p style="margin: 0px; text-indent: 0px;"><br></p>
<div>
<table style="width: 100%; font-family: 'times new roman'; font-size: 10pt;">

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










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</table>
<hr class="horizontalLineRemoved" style="border-bottom-color: #000000; border-top-color: #000000; color: #000000; background-color: #000000;"></hr>
<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div>










</div>














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

<tr>
<td style="width: 50%; border-bottom: 2px solid #051272; padding: 8px 0px 0px;">
<p style="line-height: 90%; font-size: 10pt; font-family: Calibri, sans-serif; margin: 0pt; text-indent: 0pt;"><font style="font-size: 18.0pt; line-height: 90%; font-family: 'Century Gothic',sans-serif; mso-fareast-font-family: 'Century Gothic'; mso-bidi-font-family: 'Century Gothic'; color: #051473; mso-font-kerning: 12.0pt;"><font style="font-family: 'times new roman', times;">1<sup>ST</sup> QUARTER OF 2024</font><font style="mso-ligatures: none;"></font></font></p>














</td>
<td style="width: 50%; border-bottom-width: 2px; border-bottom-style: solid; border-bottom-color: #051272;"><img src="img46d94e39fa544349b50a.jpg" style="float: right;" alt="Graphics"></td>









</tr>



















</table>
<table border="0" cellpadding="0" cellspacing="0" width="100%" style="height: 291px; border-collapse: collapse; width: 100%; white-space: normal; font-family: 'times new roman'; font-size: 10pt;">





<tr style="height: 12px;">
<td height="17" style="height: 12px; padding: 0px; color: #000000; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; background: white;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding: 0px; color: #000000; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; background: white; height: 12px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding: 0px; color: #000000; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; background: white; height: 12px;"><br></td>
<td colspan="3" style="padding: 8px 0px 0px; color: #008fff; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;</font>In million of Reais<font style="mso-spacerun: yes;">&nbsp;</font></font></td>









</tr>
<tr style="height: 10px;">
<td height="37" style="height: 10px; padding: 0px; color: #ffffff; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; background: #051373; 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-left-width: 1px; border-left-style: solid; border-left-color: #000000 !important;"><font style="font-family: 'times new roman', times; font-size: 10pt;">ULTRACARGO - Working capital</font></td>
<td style="padding: 0px; color: #ffffff; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: normal; background: #051373; height: 10px; text-align: center; 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;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;</font>MAR 24<font style="mso-spacerun: yes;">&nbsp;</font></font></td>
<td style="padding: 0px; color: #ffffff; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: normal; background: #051373; text-align: center; 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;"><br></td>
<td style="padding: 0px; color: #ffffff; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: normal; background: #051373; height: 10px; text-align: center; 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;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;</font>MAR 23<font style="mso-spacerun: yes;">&nbsp;</font></font></td>
<td style="padding: 0px; color: #ffffff; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: normal; background: #051373; text-align: center; 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;"><br></td>
<td style="padding: 0px; color: #ffffff; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; background: #051373; height: 10px; text-align: center; 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;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;</font>DEC 23<font style="mso-spacerun: yes;">&nbsp;</font></font></td>









</tr>
<tr style="height: 18px;">
<td style="padding: 0px; color: #051373; font-size: 10.5pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; height: 18px;"><br></td>
<td style="padding: 0px 3px 0px 0px; color: #051273; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; height: 18px;"><br></td>
<td style="padding: 0px; color: #051273; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; height: 18px;"><br></td>
<td style="padding: 0px 3px 0px 0px; color: #051273; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: right; height: 18px;"><br></td>
<td style="padding: 0px; color: #051273; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: right; height: 18px;"><br></td>
<td style="padding: 0px 3px 0px 0px; color: #051273; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: right; height: 18px;"><br></td>









</tr>
<tr style="height: 13px;">
<td height="18" style="height: 13px; padding: 0px; color: #051373; font-size: 10.5pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; width: 68%;"><font style="font-family: 'times new roman', times; font-size: 10pt;">OPERATING ASSETS</font></td>
<td style="padding: 0px 3px 0px 0px; color: #051273; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; height: 13px; width: 10%;"></td>
<td style="padding: 0px; color: #051273; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; width: 1%; height: 13px;"><br></td>
<td style="padding: 0px 3px 0px 0px; color: #051273; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; height: 13px; text-align: right; width: 10%;"></td>
<td style="padding: 0px; color: #051273; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: right; width: 1%; height: 13px;"><br></td>
<td style="padding: 0px 3px 0px 0px; color: #051273; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; height: 13px; text-align: right; width: 10%;"></td>









</tr>
<tr style="height: 12px;">
<td height="17" style="height: 12px; padding: 0px 0px 0px 36px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; background: white;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Trade receivables</font></td>
<td style="padding: 0px 3px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">37.8 </font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: right; height: 12px;"><br></td>
<td style="padding: 0px 3px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">22.1 </font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: right; height: 12px;"><br></td>
<td style="padding: 0px 3px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">32.0 </font></td>









</tr>
<tr style="height: 12px;">
<td height="17" style="height: 12px; padding: 0px 0px 0px 36px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; background: white;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Inventories</font></td>
<td style="padding: 0px 3px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">12.1 </font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: right; height: 12px;"><br></td>
<td style="padding: 0px 3px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">10.3 </font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: right; height: 12px;"><br></td>
<td style="padding: 0px 3px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">11.9 </font></td>









</tr>
<tr style="height: 12px;">
<td height="17" style="height: 12px; padding: 0px 0px 0px 36px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; background: white;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Taxes</font></td>
<td style="padding: 0px 3px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">6.6 </font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: right; height: 12px;"><br></td>
<td style="padding: 0px 3px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">7.3 </font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: right; height: 12px;"><br></td>
<td style="padding: 0px 3px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">6.7 </font></td>









</tr>
<tr style="height: 12px;">
<td height="17" style="height: 12px; padding: 0px 0px 0px 36px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; background: white;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Other</font></td>
<td style="padding: 0px 3px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">77.5 </font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: right; height: 12px;"><br></td>
<td style="padding: 0px 3px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">81.7 </font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: right; height: 12px;"><br></td>
<td style="padding: 0px 3px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">88.1 </font></td>









</tr>
<tr style="height: 12px;">
<td height="17" style="height: 12px; padding: 0px 0px 0px 36px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; background: white;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Right-of-use assets</font></td>
<td style="padding: 0px 3px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">621.0 </font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: right; height: 12px;"><br></td>
<td style="padding: 0px 3px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">649.9 </font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: right; height: 12px;"><br></td>
<td style="padding: 0px 3px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">622.8 </font></td>









</tr>
<tr style="height: 12px;">
<td height="17" style="height: 12px; padding: 0px 0px 0px 36px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; background: white;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Property, plant and equipment
  / Intangibles / Investments</font></td>
<td style="padding: 0px 3px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">2,221.9 </font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: right; height: 12px;"><br></td>
<td style="padding: 0px 3px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">1,780.9 </font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: right; height: 12px;"><br></td>
<td style="padding: 0px 3px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">2,194.0 </font></td>









</tr>
<tr style="height: 17px;">
<td style="padding: 0px; color: #008fff; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; height: 17px;"><br></td>
<td style="padding: 0px 3px 0px 0px; color: #008fff; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; text-align: right; height: 17px;"><br></td>
<td style="padding: 0px; color: #008fff; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; text-align: right; height: 17px;"><br></td>
<td style="padding: 0px 3px 0px 0px; color: #008fff; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; text-align: right; height: 17px;"><br></td>
<td style="padding: 0px; color: #008fff; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; text-align: right; height: 17px;"><br></td>
<td style="padding: 0px 3px 0px 0px; color: #008fff; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; text-align: right; height: 17px;"><br></td>









</tr>
<tr style="height: 15px;">
<td height="20" style="height: 15px; padding: 0px; color: #008fff; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; border-top-width: 1px; border-top-style: solid; border-top-color: #008fff !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #008fff !important; border-left-width: 1px; border-left-style: solid; border-left-color: #008fff !important;"><font style="font-family: 'times new roman', times; font-size: 10pt;">TOTAL OPERATING ASSETS</font></td>
<td style="padding: 0px 3px 0px 0px; color: #008fff; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; height: 15px; text-align: right; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #008fff !important; border-bottom-color: #008fff !important;"><font style="font-family: 'times new roman', times; font-size: 10pt;">2,976.9 </font></td>
<td style="padding: 0px; color: #008fff; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; text-align: right; height: 15px; border-top-width: 1px; border-top-style: solid; border-top-color: #008fff !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #008fff !important;"><br></td>
<td style="padding: 0px 3px 0px 0px; color: #008fff; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; height: 15px; text-align: right; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #008fff !important; border-bottom-color: #008fff !important;"><font style="font-family: 'times new roman', times; font-size: 10pt;">2,552.2 </font></td>
<td style="padding: 0px; color: #008fff; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; text-align: right; height: 15px; border-top-width: 1px; border-top-style: solid; border-top-color: #008fff !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #008fff !important;"><br></td>
<td style="padding: 0px 3px 0px 0px; color: #008fff; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; height: 15px; text-align: right; 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: #008fff !important; border-bottom-color: #008fff !important; border-right-color: #008fff !important;"><font style="font-family: 'times new roman', times; font-size: 10pt;">2,955.5 </font></td>









</tr>
<tr style="height: 17px;">
<td style="padding: 0px; color: #008fff; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; height: 17px;"><br></td>
<td style="padding: 0px 3px 0px 0px; color: #008fff; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; text-align: right; height: 17px;"><br></td>
<td style="padding: 0px; color: #008fff; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; text-align: right; height: 17px;"><br></td>
<td style="padding: 0px 3px 0px 0px; color: #008fff; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; text-align: right; height: 17px;"><br></td>
<td style="padding: 0px; color: #008fff; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; text-align: right; height: 17px;"><br></td>
<td style="padding: 0px 3px 0px 0px; color: #008fff; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; text-align: right; height: 17px;"><br></td>









</tr>
<tr style="height: 13px;">
<td height="18" style="height: 13px; padding: 0px; color: #051373; font-size: 10.5pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap;"><font style="font-family: 'times new roman', times; font-size: 10pt;">OPERATING LIABILITIES</font></td>
<td style="padding: 0px 3px 0px 0px; color: #051273; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; height: 13px; text-align: right;"></td>
<td style="padding: 0px; color: #051273; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: right; height: 13px;"><br></td>
<td style="padding: 0px 3px 0px 0px; color: #051273; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; height: 13px; text-align: right;"></td>
<td style="padding: 0px; color: #051273; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: right; height: 13px;"><br></td>
<td style="padding: 0px 3px 0px 0px; color: #051273; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; height: 13px; text-align: right;"></td>









</tr>
<tr style="height: 12px;">
<td height="17" style="height: 12px; padding: 0px 0px 0px 36px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; background: white;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Trade payables</font></td>
<td style="padding: 0px 3px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">55.9 </font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: right; height: 12px;"><br></td>
<td style="padding: 0px 3px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">40.4 </font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: right; height: 12px;"><br></td>
<td style="padding: 0px 3px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">89.3 </font></td>









</tr>
<tr style="height: 12px;">
<td height="17" style="height: 12px; padding: 0px 0px 0px 36px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; background: white;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Salaries and related charges</font></td>
<td style="padding: 0px 3px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">32.9 </font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: right; height: 12px;"><br></td>
<td style="padding: 0px 3px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">38.8 </font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: right; height: 12px;"><br></td>
<td style="padding: 0px 3px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">49.1 </font></td>









</tr>
<tr style="height: 12px;">
<td height="17" style="height: 12px; padding: 0px 0px 0px 36px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; background: white;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Taxes</font></td>
<td style="padding: 0px 3px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">13.6 </font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: right; height: 12px;"><br></td>
<td style="padding: 0px 3px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">7.7 </font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: right; height: 12px;"><br></td>
<td style="padding: 0px 3px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">14.9 </font></td>









</tr>
<tr style="height: 12px;">
<td height="17" style="height: 12px; padding: 0px 0px 0px 36px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; background: white;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Judicial provisions</font></td>
<td style="padding: 0px 3px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">17.5 </font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: right; height: 12px;"><br></td>
<td style="padding: 0px 3px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">9.7 </font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: right; height: 12px;"><br></td>
<td style="padding: 0px 3px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">16.9 </font></td>









</tr>
<tr style="height: 12px;">
<td height="17" style="height: 12px; padding: 0px 0px 0px 36px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; background: white;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Leases payable</font></td>
<td style="padding: 0px 3px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">564.9 </font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: right; height: 12px;"><br></td>
<td style="padding: 0px 3px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">594.2 </font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: right; height: 12px;"><br></td>
<td style="padding: 0px 3px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">593.2 </font></td>









</tr>
<tr style="height: 12px;">
<td height="17" style="height: 12px; padding: 0px 0px 0px 36px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; background: white;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Other<font style="font-size: 8pt;"><sup>1</sup></font></font></td>
<td style="padding: 0px 3px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">39.0 </font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: right; height: 12px;"><br></td>
<td style="padding: 0px 3px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">58.1 </font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: right; height: 12px;"><br></td>
<td style="padding: 0px 3px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">35.1 </font></td>









</tr>
<tr style="height: 17px;">
<td style="padding: 0px; color: #008fff; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; height: 17px;"><br></td>
<td style="padding: 0px 3px 0px 0px; color: #008fff; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; text-align: right; height: 17px;"><br></td>
<td style="padding: 0px; color: #008fff; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; text-align: right; height: 17px;"><br></td>
<td style="padding: 0px 3px 0px 0px; color: #008fff; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; text-align: right; height: 17px;"><br></td>
<td style="padding: 0px; color: #008fff; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; text-align: right; height: 17px;"><br></td>
<td style="padding: 0px 3px 0px 0px; color: #008fff; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; text-align: right; height: 17px;"><br></td>









</tr>
<tr style="height: 15px;">
<td height="20" style="height: 15px; padding: 0px; color: #008fff; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; border-top-width: 1px; border-top-style: solid; border-top-color: #008fff !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #008fff !important; border-left-width: 1px; border-left-style: solid; border-left-color: #008fff !important;"><font style="font-family: 'times new roman', times; font-size: 10pt;">TOTAL OPERATING LIABILITIES</font></td>
<td style="padding: 0px 3px 0px 0px; color: #008fff; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; height: 15px; text-align: right; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #008fff !important; border-bottom-color: #008fff !important;"><font style="font-family: 'times new roman', times; font-size: 10pt;">723.8 </font></td>
<td style="padding: 0px; color: #008fff; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; text-align: right; height: 15px; border-top-width: 1px; border-top-style: solid; border-top-color: #008fff !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #008fff !important;"><br></td>
<td style="padding: 0px 3px 0px 0px; color: #008fff; font-size: 10pt; font-weight: bold; text-decoration: none; vertical-align: middle; white-space: nowrap; height: 15px; text-align: right; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #008fff !important; border-bottom-color: #008fff !important;"><font style="font-family: 'times new roman', times; font-size: 10pt;">748.9 </font></td>
<td style="padding: 0px; color: #008fff; font-size: 10pt; font-weight: bold; text-decoration: none; vertical-align: middle; white-space: nowrap; text-align: right; height: 15px; border-top-width: 1px; border-top-style: solid; border-top-color: #008fff !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #008fff !important;"><br></td>
<td style="padding: 0px 3px 0px 0px; color: #008fff; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; height: 15px; text-align: right; 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: #008fff !important; border-bottom-color: #008fff !important; border-right-color: #008fff !important;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">798.6 </font></td>









</tr>



















</table>
<font style="font-size: 8pt;"><sup>1</sup></font> <font style="font-size: 8pt;">Includes the long term obligations with clients account</font>
<p style="margin:0pt"><br></p>
<div>
<table style="width: 100%; font-family: 'times new roman'; font-size: 10pt;">

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







</tr>















</table>
<hr class="horizontalLineRemoved" style="border-bottom-color: #000000; border-top-color: #000000; color: #000000; background-color: #000000;"></hr>
<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div>







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

<tr>
<td style="width: 50%; border-bottom-width: 2px; border-bottom-style: solid; border-bottom-color: #051272;">
<p style="line-height: 90%; font-size: 10pt; font-family: Calibri, sans-serif;"><font style="font-size: 18.0pt; line-height: 90%; font-family: 'Century Gothic',sans-serif; mso-fareast-font-family: 'Century Gothic'; mso-bidi-font-family: 'Century Gothic'; color: #051473; mso-font-kerning: 12.0pt;"><font style="font-family: 'times new roman', times;">1<sup>ST</sup> QUARTER OF 2024</font><font style="mso-ligatures: none;"></font></font></p>














</td>
<td style="width: 50%; border-bottom-width: 2px; border-bottom-style: solid; border-bottom-color: #051272;"><img src="img46d94e39fa544349b50a.jpg" style="float: right;" alt="Graphics"></td>









</tr>



















</table>
<table border="0" cellpadding="0" cellspacing="0" width="100%" style="height: 403px; border-collapse: collapse; width: 100%; margin-left: 0.1px; font-family: 'times new roman'; font-size: 10pt;">





<tr style="height: 12px;">
<td height="17" style="height: 12px; padding: 0px; color: #1f497d; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: center; background: white; width: 67.9477%;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding: 0px; color: #1f497d; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: center; background: white; height: 12px; width: 9.97547%;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding: 0px; color: #1f497d; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: center; background: white; width: 0.981194%; height: 12px;"><br></td>
<td colspan="3" style="padding: 8px 0px 0px; color: #008fff; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: right; height: 12px; width: 20.9321%;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;</font>In million of Reais<font style="mso-spacerun: yes;">&nbsp;</font></font></td>



</tr>
<tr style="height: 10px;">
<td height="37" style="height: 10px; padding: 0px; color: #ffffff; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; text-align: left; background: #051373; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-left-width: 1px; border-left-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; border-left-color: #000000 !important; width: 67.9477%;"><font style="font-family: 'times new roman', times; font-size: 10pt;">ULTRACARGO - Income statement</font></td>
<td style="padding: 0px; color: #ffffff; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: normal; text-align: center; background: #051373; height: 10px; 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; width: 9.97547%;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;</font>1Q24<font style="mso-spacerun: yes;">&nbsp;</font></font></td>
<td style="padding: 0px; color: #ffffff; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: normal; text-align: center; background: #051373; 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; width: 0.981194%; height: 10px;"><br></td>
<td style="padding: 0px; color: #ffffff; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: normal; text-align: center; background: #051373; height: 10px; 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; width: 9.97547%;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;</font>1Q23<font style="mso-spacerun: yes;">&nbsp;</font></font></td>
<td style="padding: 0px; color: #ffffff; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: normal; text-align: center; background: #051373; 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; width: 0.981194%; height: 10px;"><br></td>
<td style="padding: 0px; color: #ffffff; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: normal; text-align: center; background: #051373; 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; width: 9.97547%;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;</font>4Q23<font style="mso-spacerun: yes;">&nbsp;</font></font></td>



</tr>
<tr style="height: 16px;">
<td style="padding: 0px; color: #008fff; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; text-align: left; height: 16px; width: 67.9477%;"><br></td>
<td style="padding: 0px 3px 0px 0px; color: #008fff; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; text-align: right; height: 16px; width: 9.97547%;"><br></td>
<td style="padding: 0px; color: #008fff; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; text-align: right; width: 0.981194%; height: 16px;"><br></td>
<td style="padding: 0px 3px 0px 0px; color: #008fff; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; text-align: right; height: 16px; width: 9.97547%;"><br></td>
<td style="padding: 0px; color: #008fff; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; text-align: right; width: 0.981194%; height: 16px;"><br></td>
<td style="padding: 0px 3px 0px 0px; color: #008fff; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; text-align: right; height: 16px; width: 9.97547%;"><br></td>



</tr>
<tr style="height: 10px;">
<td height="17" style="height: 10px; padding: 0px; color: #008fff; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; text-align: left; width: 67.9477%; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-left-width: 1px; border-left-style: solid; border-top-color: #008fff !important; border-bottom-color: #008fff !important; border-left-color: #008fff !important;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Net revenues</font></td>
<td style="padding: 0px 3px 0px 0px; color: #008fff; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; height: 10px; text-align: right; width: 9.97547%; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #008fff !important; border-bottom-color: #008fff !important;"><font style="font-family: 'times new roman', times; font-size: 10pt;">263.2 </font></td>
<td style="padding: 0px; color: #008fff; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; text-align: right; width: 0.981194%; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #008fff !important; border-bottom-color: #008fff !important; height: 10px;"><br></td>
<td style="padding: 0px 3px 0px 0px; color: #008fff; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; height: 10px; text-align: right; width: 9.97547%; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #008fff !important; border-bottom-color: #008fff !important;"><font style="font-family: 'times new roman', times; font-size: 10pt;">236.5 </font></td>
<td style="padding: 0px; color: #008fff; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; text-align: right; width: 0.981194%; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #008fff !important; border-bottom-color: #008fff !important; height: 10px;"><br></td>
<td style="padding: 0px 3px 0px 0px; color: #008fff; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; height: 10px; text-align: right; width: 9.97547%; 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: #008fff !important; border-bottom-color: #008fff !important; border-right-color: #008fff !important;"><font style="font-family: 'times new roman', times; font-size: 10pt;">257.4 </font></td>



</tr>
<tr style="height: 16px;">
<td style="padding: 0px; color: #008fff; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; text-align: left; height: 16px; width: 67.9477%;"><br></td>
<td style="padding: 0px 3px 0px 0px; color: #008fff; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; text-align: right; height: 16px; width: 9.97547%;"><br></td>
<td style="padding: 0px; color: #008fff; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; text-align: right; width: 0.981194%; height: 16px;"><br></td>
<td style="padding: 0px 3px 0px 0px; color: #008fff; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; text-align: right; height: 16px; width: 9.97547%;"><br></td>
<td style="padding: 0px; color: #008fff; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; text-align: right; width: 0.981194%; height: 16px;"><br></td>
<td style="padding: 0px 3px 0px 0px; color: #008fff; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; text-align: right; height: 16px; width: 9.97547%;"><br></td>



</tr>
<tr style="height: 12px;">
<td height="17" style="height: 12px; padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: left; background: white; width: 67.9477%;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp; </font>Cost of services provided</font></td>
<td style="padding: 0px 3px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right; width: 9.97547%;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(92.1)</font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: right; width: 0.981194%; height: 12px;"><br></td>
<td style="padding: 0px 3px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right; width: 9.97547%;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(87.7)</font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: right; width: 0.981194%; height: 12px;"><br></td>
<td style="padding: 0px 3px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right; width: 9.97547%;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(92.4)</font></td>



</tr>
<tr style="height: 16px;">
<td style="padding: 0px; color: #008fff; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; text-align: left; height: 16px; width: 67.9477%;"><br></td>
<td style="padding: 0px 3px 0px 0px; color: #008fff; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; text-align: right; height: 16px; width: 9.97547%;"><br></td>
<td style="padding: 0px; color: #008fff; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; text-align: right; width: 0.981194%; height: 16px;"><br></td>
<td style="padding: 0px 3px 0px 0px; color: #008fff; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; text-align: right; height: 16px; width: 9.97547%;"><br></td>
<td style="padding: 0px; color: #008fff; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; text-align: right; width: 0.981194%; height: 16px;"><br></td>
<td style="padding: 0px 3px 0px 0px; color: #008fff; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; text-align: right; height: 16px; width: 9.97547%;"><br></td>



</tr>
<tr style="height: 12px;">
<td height="17" style="height: 12px; padding: 0px; color: #008fff; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; text-align: left; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-left-width: 1px; border-left-style: solid; border-top-color: #008fff !important; border-bottom-color: #008fff !important; border-left-color: #008fff !important; width: 67.9477%;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Gross profit</font></td>
<td style="padding: 0px 3px 0px 0px; color: #008fff; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; height: 12px; text-align: right; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; width: 9.97547%; border-top-color: #008fff !important; border-bottom-color: #008fff !important;"><font style="font-family: 'times new roman', times; font-size: 10pt;">171.1 </font></td>
<td style="padding: 0px; color: #008fff; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; text-align: right; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #008fff !important; border-bottom-color: #008fff !important; width: 0.981194%; height: 12px;"><br></td>
<td style="padding: 0px 3px 0px 0px; color: #008fff; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; height: 12px; text-align: right; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; width: 9.97547%; border-top-color: #008fff !important; border-bottom-color: #008fff !important;"><font style="font-family: 'times new roman', times; font-size: 10pt;">148.8 </font></td>
<td style="padding: 0px; color: #008fff; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; text-align: right; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #008fff !important; border-bottom-color: #008fff !important; width: 0.981194%; height: 12px;"><br></td>
<td style="padding: 0px 3px 0px 0px; color: #008fff; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; height: 12px; text-align: right; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-right-width: 1px; border-right-style: solid; width: 9.97547%; border-top-color: #008fff !important; border-bottom-color: #008fff !important; border-right-color: #008fff !important;"><font style="font-family: 'times new roman', times; font-size: 10pt;">165.0 </font></td>



</tr>
<tr style="height: 16px;">
<td style="padding: 0px; color: #008fff; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; text-align: left; height: 16px; width: 67.9477%;"><br></td>
<td style="padding: 0px 3px 0px 0px; color: #008fff; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; text-align: right; height: 16px; width: 9.97547%;"><br></td>
<td style="padding: 0px; color: #008fff; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; text-align: right; width: 0.981194%; height: 16px;"><br></td>
<td style="padding: 0px 3px 0px 0px; color: #008fff; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; text-align: right; height: 16px; width: 9.97547%;"><br></td>
<td style="padding: 0px; color: #008fff; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; text-align: right; width: 0.981194%; height: 16px;"><br></td>
<td style="padding: 0px 3px 0px 0px; color: #008fff; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; text-align: right; height: 16px; width: 9.97547%;"><br></td>



</tr>
<tr style="height: 12px;">
<td height="17" style="height: 12px; padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: left; background: white; width: 67.9477%;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp; </font>Operating expenses</font></td>
<td style="padding: 0px 3px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right; width: 9.97547%;"></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: right; width: 0.981194%; height: 12px;"><br></td>
<td style="padding: 0px 3px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right; width: 9.97547%;"></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: right; width: 0.981194%; height: 12px;"><br></td>
<td style="padding: 0px 3px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right; width: 9.97547%;"></td>



</tr>
<tr style="height: 12px;">
<td height="17" style="height: 12px; padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: left; background: white; width: 67.9477%;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>Selling and marketing</font></td>
<td style="padding: 0px 3px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right; width: 9.97547%;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(3.6)</font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: right; width: 0.981194%; height: 12px;"><br></td>
<td style="padding: 0px 3px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right; width: 9.97547%;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(3.6)</font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: right; width: 0.981194%; height: 12px;"><br></td>
<td style="padding: 0px 3px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right; width: 9.97547%;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(2.3)</font></td>



</tr>
<tr style="height: 12px;">
<td height="17" style="height: 12px; padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: left; background: white; width: 67.9477%;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>General and administrative</font></td>
<td style="padding: 0px 3px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right; width: 9.97547%;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(42.2)</font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: right; width: 0.981194%; height: 12px;"><br></td>
<td style="padding: 0px 3px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right; width: 9.97547%;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(36.0)</font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: right; width: 0.981194%; height: 12px;"><br></td>
<td style="padding: 0px 3px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right; width: 9.97547%;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(44.2)</font></td>



</tr>
<tr style="height: 16px;">
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: left; background: white; height: 16px; width: 67.9477%;"><br></td>
<td style="padding: 0px 3px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: right; height: 16px; width: 9.97547%;"><br></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: right; width: 0.981194%; height: 16px;"><br></td>
<td style="padding: 0px 3px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: right; height: 16px; width: 9.97547%;"><br></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: right; width: 0.981194%; height: 16px;"><br></td>
<td style="padding: 0px 3px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: right; height: 16px; width: 9.97547%;"><br></td>



</tr>
<tr style="height: 12px;">
<td height="17" style="height: 12px; padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: left; background: white; width: 67.9477%;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp; </font>Results from disposal of assets</font></td>
<td style="padding: 0px 3px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right; width: 9.97547%;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(0.0)</font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: right; width: 0.981194%; height: 12px;"><br></td>
<td style="padding: 0px 3px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right; width: 9.97547%;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(0.1)</font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: right; width: 0.981194%; height: 12px;"><br></td>
<td style="padding: 0px 3px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right; width: 9.97547%;"><font style="font-family: 'times new roman', times; font-size: 10pt;">0.0 </font></td>



</tr>
<tr style="height: 12px;">
<td height="17" style="height: 12px; padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: left; background: white; width: 67.9477%;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp; </font>Other operating income (expenses), net</font></td>
<td style="padding: 0px 3px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right; width: 9.97547%;"><font style="font-family: 'times new roman', times; font-size: 10pt;">1.7 </font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: right; width: 0.981194%; height: 12px;"><br></td>
<td style="padding: 0px 3px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right; width: 9.97547%;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(0.2)</font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: right; width: 0.981194%; height: 12px;"><br></td>
<td style="padding: 0px 3px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right; width: 9.97547%;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(0.4)</font></td>



</tr>
<tr style="height: 16px;">
<td style="padding: 0px; color: #008fff; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; text-align: left; height: 16px; width: 67.9477%;"><br></td>
<td style="padding: 0px 3px 0px 0px; color: #008fff; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; text-align: right; height: 16px; width: 9.97547%;"><br></td>
<td style="padding: 0px; color: #008fff; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; text-align: right; width: 0.981194%; height: 16px;"><br></td>
<td style="padding: 0px 3px 0px 0px; color: #008fff; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; text-align: right; height: 16px; width: 9.97547%;"><br></td>
<td style="padding: 0px; color: #008fff; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; text-align: right; width: 0.981194%; height: 16px;"><br></td>
<td style="padding: 0px 3px 0px 0px; color: #008fff; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; text-align: right; height: 16px; width: 9.97547%;"><br></td>



</tr>
<tr style="height: 12px;">
<td height="17" style="height: 12px; padding: 0px; color: #008fff; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; text-align: left; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-left-width: 1px; border-left-style: solid; border-top-color: #008fff !important; border-bottom-color: #008fff !important; border-left-color: #008fff !important; width: 67.9477%;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Operating income</font></td>
<td style="padding: 0px 3px 0px 0px; color: #008fff; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; height: 12px; text-align: right; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; width: 9.97547%; border-top-color: #008fff !important; border-bottom-color: #008fff !important;"><font style="font-family: 'times new roman', times; font-size: 10pt;">127.0 </font></td>
<td style="padding: 0px; color: #008fff; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; text-align: right; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #008fff !important; border-bottom-color: #008fff !important; width: 0.981194%; height: 12px;"><br></td>
<td style="padding: 0px 3px 0px 0px; color: #008fff; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; height: 12px; text-align: right; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; width: 9.97547%; border-top-color: #008fff !important; border-bottom-color: #008fff !important;"><font style="font-family: 'times new roman', times; font-size: 10pt;">109.0 </font></td>
<td style="padding: 0px; color: #008fff; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; text-align: right; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #008fff !important; border-bottom-color: #008fff !important; width: 0.981194%; height: 12px;"><br></td>
<td style="padding: 0px 3px 0px 0px; color: #008fff; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; height: 12px; text-align: right; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-right-width: 1px; border-right-style: solid; width: 9.97547%; border-top-color: #008fff !important; border-bottom-color: #008fff !important; border-right-color: #008fff !important;"><font style="font-family: 'times new roman', times; font-size: 10pt;">118.1 </font></td>



</tr>
<tr style="height: 16px;">
<td style="padding: 0px; color: #008fff; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; text-align: left; height: 16px; width: 67.9477%;"><br></td>
<td style="padding: 0px 3px 0px 0px; color: #008fff; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; text-align: right; height: 16px; width: 9.97547%;"><br></td>
<td style="padding: 0px; color: #008fff; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; text-align: right; width: 0.981194%; height: 16px;"><br></td>
<td style="padding: 0px 3px 0px 0px; color: #008fff; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; text-align: right; height: 16px; width: 9.97547%;"><br></td>
<td style="padding: 0px; color: #008fff; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; text-align: right; width: 0.981194%; height: 16px;"><br></td>
<td style="padding: 0px 3px 0px 0px; color: #008fff; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; text-align: right; height: 16px; width: 9.97547%;"><br></td>



</tr>
<tr style="height: 12px;">
<td height="17" style="height: 12px; padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: left; background: white; width: 67.9477%;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp; </font>Share of profit (loss) of subsidiaries,
  joint ventures and associates</font></td>
<td style="padding: 0px 3px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right; width: 9.97547%;"><font style="font-family: 'times new roman', times; font-size: 10pt;">1.5 </font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: right; width: 0.981194%; height: 12px;"><br></td>
<td style="padding: 0px 3px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right; width: 9.97547%;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(0.3)</font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: right; width: 0.981194%; height: 12px;"><br></td>
<td style="padding: 0px 3px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right; width: 9.97547%;"><font style="font-family: 'times new roman', times; font-size: 10pt;">2.0 </font></td>



</tr>
<tr style="height: 16px;">
<td style="padding: 0px; color: #008fff; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; text-align: left; height: 16px; width: 67.9477%;"><br></td>
<td style="padding: 0px 3px 0px 0px; color: #008fff; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; text-align: right; height: 16px; width: 9.97547%;"><br></td>
<td style="padding: 0px; color: #008fff; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; text-align: right; width: 0.981194%; height: 16px;"><br></td>
<td style="padding: 0px 3px 0px 0px; color: #008fff; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; text-align: right; height: 16px; width: 9.97547%;"><br></td>
<td style="padding: 0px; color: #008fff; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; text-align: right; width: 0.981194%; height: 16px;"><br></td>
<td style="padding: 0px 3px 0px 0px; color: #008fff; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; text-align: right; height: 16px; width: 9.97547%;"><br></td>



</tr>
<tr style="height: 12px;">
<td height="17" style="height: 12px; padding: 0px; color: #008fff; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; text-align: left; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-left-width: 1px; border-left-style: solid; border-top-color: #008fff !important; border-bottom-color: #008fff !important; border-left-color: #008fff !important; width: 67.9477%;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Adjusted EBITDA</font></td>
<td style="padding: 0px 3px 0px 0px; color: #008fff; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; height: 12px; text-align: right; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; width: 9.97547%; border-top-color: #008fff !important; border-bottom-color: #008fff !important;"><font style="font-family: 'times new roman', times; font-size: 10pt;">165.2 </font></td>
<td style="padding: 0px; color: #008fff; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; text-align: right; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #008fff !important; border-bottom-color: #008fff !important; width: 0.981194%; height: 12px;"><br></td>
<td style="padding: 0px 3px 0px 0px; color: #008fff; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; height: 12px; text-align: right; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; width: 9.97547%; border-top-color: #008fff !important; border-bottom-color: #008fff !important;"><font style="font-family: 'times new roman', times; font-size: 10pt;">142.4 </font></td>
<td style="padding: 0px; color: #008fff; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; text-align: right; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #008fff !important; border-bottom-color: #008fff !important; width: 0.981194%; height: 12px;"><br></td>
<td style="padding: 0px 3px 0px 0px; color: #008fff; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; height: 12px; text-align: right; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-right-width: 1px; border-right-style: solid; width: 9.97547%; border-top-color: #008fff !important; border-bottom-color: #008fff !important; border-right-color: #008fff !important;"><font style="font-family: 'times new roman', times; font-size: 10pt;">155.1 </font></td>



</tr>
<tr style="height: 16px;">
<td style="padding: 0px; color: #008fff; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; text-align: left; height: 16px; width: 67.9477%;"><br></td>
<td style="padding: 0px 3px 0px 0px; color: #008fff; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; text-align: right; height: 16px; width: 9.97547%;"><br></td>
<td style="padding: 0px; color: #008fff; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; text-align: right; width: 0.981194%; height: 16px;"><br></td>
<td style="padding: 0px 3px 0px 0px; color: #008fff; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; text-align: right; height: 16px; width: 9.97547%;"><br></td>
<td style="padding: 0px; color: #008fff; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; text-align: right; width: 0.981194%; height: 16px;"><br></td>
<td style="padding: 0px 3px 0px 0px; color: #008fff; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; text-align: right; height: 16px; width: 9.97547%;"><br></td>



</tr>
<tr style="height: 12px;">
<td height="17" style="height: 12px; padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: left; background: white; width: 67.9477%;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp; </font>Depreciation and amortization</font></td>
<td style="padding: 0px 3px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right; width: 9.97547%;"><font style="font-family: 'times new roman', times; font-size: 10pt;">36.7 </font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: right; width: 0.981194%; height: 12px;"><br></td>
<td style="padding: 0px 3px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right; width: 9.97547%;"><font style="font-family: 'times new roman', times; font-size: 10pt;">33.7 </font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: right; width: 0.981194%; height: 12px;"><br></td>
<td style="padding: 0px 3px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right; width: 9.97547%;"><font style="font-family: 'times new roman', times; font-size: 10pt;">35.0 </font></td>



</tr>
<tr style="height: 17px;">
<td style="padding: 0px; color: #051373; font-size: 10.5pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; height: 17px; width: 67.9477%;"><br></td>
<td style="padding: 0px 3px 0px 0px; color: #051273; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: right; height: 17px; width: 9.97547%;"><br></td>
<td style="padding: 0px; color: #051273; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: right; width: 0.981194%; height: 17px;"><br></td>
<td style="padding: 0px 3px 0px 0px; color: #051273; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: right; height: 17px; width: 9.97547%;"><br></td>
<td style="padding: 0px; color: #051273; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: right; width: 0.981194%; height: 17px;"><br></td>
<td style="padding: 0px 3px 0px 0px; color: #051273; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: right; height: 17px; width: 9.97547%;"><br></td>



</tr>
<tr style="height: 13px;">
<td height="18" style="height: 13px; padding: 0px; color: #051373; font-size: 10.5pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; width: 67.9477%;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Ratios</font></td>
<td style="padding: 0px 3px 0px 0px; color: #051273; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; height: 13px; text-align: right; width: 9.97547%;"></td>
<td style="padding: 0px; color: #051273; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: right; width: 0.981194%; height: 13px;"><br></td>
<td style="padding: 0px 3px 0px 0px; color: #051273; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; height: 13px; text-align: right; width: 9.97547%;"></td>
<td style="padding: 0px; color: #051273; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: right; width: 0.981194%; height: 13px;"><br></td>
<td style="padding: 0px 3px 0px 0px; color: #051273; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; height: 13px; text-align: right; width: 9.97547%;"></td>



</tr>
<tr style="height: 17px;">
<td style="padding: 0px; color: #051373; font-size: 10.5pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; height: 17px; width: 67.9477%;"><br></td>
<td style="padding: 0px 3px 0px 0px; color: #051273; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: right; height: 17px; width: 9.97547%;"><br></td>
<td style="padding: 0px; color: #051273; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: right; width: 0.981194%; height: 17px;"><br></td>
<td style="padding: 0px 3px 0px 0px; color: #051273; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: right; height: 17px; width: 9.97547%;"><br></td>
<td style="padding: 0px; color: #051273; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: right; width: 0.981194%; height: 17px;"><br></td>
<td style="padding: 0px 3px 0px 0px; color: #051273; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: right; height: 17px; width: 9.97547%;"><br></td>



</tr>
<tr style="height: 12px;">
<td height="17" style="height: 12px; padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; background: white; width: 67.9477%;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp; </font>Gross margin (%)</font></td>
<td align="right" style="padding: 0px 3px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right; width: 9.97547%;"><font style="font-family: 'times new roman', times; font-size: 10pt;">65.0%</font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: right; width: 0.981194%; height: 12px;"><br></td>
<td align="right" style="padding: 0px 3px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right; width: 9.97547%;"><font style="font-family: 'times new roman', times; font-size: 10pt;">62.9%</font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: right; width: 0.981194%; height: 12px;"><br></td>
<td align="right" style="padding: 0px 3px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right; width: 9.97547%;"><font style="font-family: 'times new roman', times; font-size: 10pt;">64.1%</font></td>



</tr>
<tr style="height: 12px;">
<td height="17" style="height: 12px; padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; width: 67.9477%;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp; </font>Operating margin (%)</font></td>
<td align="right" style="padding: 0px 3px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right; width: 9.97547%;"><font style="font-family: 'times new roman', times; font-size: 10pt;">48.3%</font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: right; width: 0.981194%; height: 12px;"><br></td>
<td align="right" style="padding: 0px 3px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right; width: 9.97547%;"><font style="font-family: 'times new roman', times; font-size: 10pt;">46.1%</font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: right; width: 0.981194%; height: 12px;"><br></td>
<td align="right" style="padding: 0px 3px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right; width: 9.97547%;"><font style="font-family: 'times new roman', times; font-size: 10pt;">45.9%</font></td>



</tr>
<tr style="height: 12px;">
<td height="17" style="height: 12px; padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; width: 67.9477%;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp; </font>Adjusted EBITDA margin (%)</font></td>
<td align="right" style="padding: 0px 3px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right; width: 9.97547%;"><font style="font-family: 'times new roman', times; font-size: 10pt;">62.8%</font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: right; width: 0.981194%; height: 12px;"><br></td>
<td align="right" style="padding: 0px 3px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right; width: 9.97547%;"><font style="font-family: 'times new roman', times; font-size: 10pt;">60.2%</font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: right; width: 0.981194%; height: 12px;"><br></td>
<td align="right" style="padding: 0px 3px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right; width: 9.97547%;"><font style="font-family: 'times new roman', times; font-size: 10pt;">60.2%</font></td>



</tr>
<tr style="height: 12px;">
<td height="17" style="height: 12px; padding: 0px 0px 5px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: left; width: 67.9477%; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Number of employees<font style="font-size: 8pt;"><sup>1</sup></font></font></td>
<td style="padding: 0px 0px 5px; color: #262626; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right; width: 9.97547%; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;"><font style="font-family: 'times new roman', times; font-size: 10pt;">843 </font></td>
<td style="padding: 0px 0px 5px; color: #262626; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: right; width: 0.981194%; height: 12px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;"><br></td>
<td style="padding: 0px 0px 5px; color: #262626; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right; width: 9.97547%; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;"><font style="font-family: 'times new roman', times; font-size: 10pt;">851 </font></td>
<td style="padding: 0px 0px 5px; color: #262626; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: right; width: 0.981194%; height: 12px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;"><br></td>
<td style="padding: 0px 0px 5px; color: #262626; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right; width: 9.97547%; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;"><font style="font-family: 'times new roman', times; font-size: 10pt;">856 </font></td>



</tr>













</table>
<font style="font-size: 8pt;"><sup>1</sup></font> <font style="font-size: 8pt;">Number of employees for 2023 was revised to reflect new criteria (includes only active employees and employees on leave for up to 12 months)</font>
<p style="margin: 0px; text-indent: 0px;"><br></p>
<div>
<table style="width: 100%; font-family: 'times new roman'; font-size: 10pt;">

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







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<hr class="horizontalLineRemoved" style="border-bottom-color: #000000; border-top-color: #000000; color: #000000; background-color: #000000;"></hr>
<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div>







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

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<td style="width: 50%; border-bottom-width: 2px; border-bottom-style: solid; border-bottom-color: #051272;">
<p style="line-height: 90%; font-size: 10pt; font-family: Calibri, sans-serif;"><font style="font-size: 18.0pt; line-height: 90%; font-family: 'Century Gothic',sans-serif; mso-fareast-font-family: 'Century Gothic'; mso-bidi-font-family: 'Century Gothic'; color: #051473; mso-font-kerning: 12.0pt;"><font style="font-family: 'times new roman', times;">1<sup>ST</sup> QUARTER OF 2024</font><font style="mso-ligatures: none;"></font></font></p>














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<td style="width: 50%; border-bottom-width: 2px; border-bottom-style: solid; border-bottom-color: #051272;"><img src="img46d94e39fa544349b50a.jpg" style="float: right;" alt="Graphics"></td>









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<table border="0" cellpadding="0" cellspacing="0" width="100%" style="height: 331px; border-collapse: collapse; width: 100%; margin-left: 0.1px; white-space: normal; font-family: 'times new roman'; font-size: 10pt;">







<tr style="height: 10px;">
<td height="17" style="height: 10px; padding: 0px; color: #000000; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap;"></td>
<td style="padding: 0px; color: #000000; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; height: 10px;"></td>
<td style="padding: 0px; color: #000000; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap;"><br></td>
<td colspan="3" style="padding: 8px 0px 0px; color: #008fff; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; height: 10px; text-align: right;"><font style="font-family: 'times new roman', times;">In million of Reais</font></td>









</tr>
<tr style="height: 10px;">
<td height="37" style="height: 10px; padding: 0px; color: #ffffff; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; background: #051373; 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-left-width: 1px; border-left-style: solid; border-left-color: #000000 !important;"><font style="font-family: 'times new roman', times;">IPIRANGA - Working capital</font></td>
<td style="padding: 0px; color: #ffffff; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: normal; background: #051373; height: 10px; text-align: center; 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;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;</font>MAR 24</font></td>
<td style="padding: 0px; color: #ffffff; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: normal; background: #051373; text-align: center; 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;"><br></td>
<td style="padding: 0px; color: #ffffff; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: normal; background: #051373; height: 10px; text-align: center; 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;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;</font>MAR 23</font></td>
<td style="padding: 0px; color: #ffffff; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: normal; background: #051373; text-align: center; 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;"><br></td>
<td style="padding: 0px; color: #ffffff; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: normal; background: #051373; height: 10px; text-align: center; 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;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;</font>DEC 23</font></td>









</tr>
<tr style="height: 17px;">
<td style="padding: 0px; color: #051373; font-size: 10.5pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; height: 17px;"><br></td>
<td style="padding: 0px 3px 0px 0px; color: #051273; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; height: 17px;"><br></td>
<td style="padding: 0px; color: #051273; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap;"><br></td>
<td style="padding: 0px 3px 0px 0px; color: #051273; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; height: 17px;"><br></td>
<td style="padding: 0px; color: #051273; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap;"><br></td>
<td style="padding: 0px 3px 0px 0px; color: #051273; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; height: 17px;"><br></td>









</tr>
<tr style="height: 13px;">
<td height="18" style="height: 13px; padding: 0px; color: #051373; font-size: 10.5pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; width: 68%;"><font style="font-family: 'times new roman', times;">OPERATING ASSETS</font></td>
<td style="padding: 0px 3px 0px 0px; color: #051273; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; height: 13px; width: 10%;"></td>
<td style="padding: 0px; color: #051273; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; width: 1%;"><br></td>
<td style="padding: 0px 3px 0px 0px; color: #051273; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; height: 13px; width: 10%;"></td>
<td style="padding: 0px; color: #051273; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; width: 1%;"><br></td>
<td style="padding: 0px 3px 0px 0px; color: #051273; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; height: 13px; width: 10%;"></td>









</tr>
<tr style="height: 12px;">
<td height="17" style="height: 12px; padding: 0px 0px 0px 18px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; background: white;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp; </font>Trade receivables</font></td>
<td style="padding: 0px 3px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right;"><font style="font-family: 'times new roman', times;">3,614.5 </font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: right;"><br></td>
<td style="padding: 0px 3px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right;"><font style="font-family: 'times new roman', times;">3,751.4 </font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: right;"><br></td>
<td style="padding: 0px 3px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right;"><font style="font-family: 'times new roman', times;">3,860.0 </font></td>









</tr>
<tr style="height: 12px;">
<td height="17" style="height: 12px; padding: 0px 0px 0px 18px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; background: white;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp; </font>Non-current trade receivables</font></td>
<td style="padding: 0px 3px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right;"><font style="font-family: 'times new roman', times;">584.0 </font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: right;"><br></td>
<td style="padding: 0px 3px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right;"><font style="font-family: 'times new roman', times;">567.3 </font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: right;"><br></td>
<td style="padding: 0px 3px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right;"><font style="font-family: 'times new roman', times;">552.9 </font></td>









</tr>
<tr style="height: 12px;">
<td height="17" style="height: 12px; padding: 0px 0px 0px 18px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; background: white;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp; </font>Inventories</font></td>
<td style="padding: 0px 3px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right;"><font style="font-family: 'times new roman', times;">4,161.2 </font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: right;"><br></td>
<td style="padding: 0px 3px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right;"><font style="font-family: 'times new roman', times;">3,607.5 </font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: right;"><br></td>
<td style="padding: 0px 3px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right;"><font style="font-family: 'times new roman', times;">4,101.3 </font></td>









</tr>
<tr style="height: 12px;">
<td height="17" style="height: 12px; padding: 0px 0px 0px 18px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; background: white;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp; </font>Taxes</font></td>
<td style="padding: 0px 3px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right;"><font style="font-family: 'times new roman', times;">3,688.9 </font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: right;"><br></td>
<td style="padding: 0px 3px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right;"><font style="font-family: 'times new roman', times;">3,451.9 </font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: right;"><br></td>
<td style="padding: 0px 3px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right;"><font style="font-family: 'times new roman', times;">4,070.3 </font></td>









</tr>
<tr style="height: 12px;">
<td height="17" style="height: 12px; padding: 0px 0px 0px 18px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; background: white;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp; </font>Contractual assets with customers -
  exclusive rights</font></td>
<td style="padding: 0px 3px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right;"><font style="font-family: 'times new roman', times;">2,215.0 </font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: right;"><br></td>
<td style="padding: 0px 3px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right;"><font style="font-family: 'times new roman', times;">2,203.6 </font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: right;"><br></td>
<td style="padding: 0px 3px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right;"><font style="font-family: 'times new roman', times;">2,261.3 </font></td>









</tr>
<tr style="height: 12px;">
<td height="17" style="height: 12px; padding: 0px 0px 0px 18px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; background: white;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp; </font>Other</font></td>
<td style="padding: 0px 3px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right;"><font style="font-family: 'times new roman', times;">909.4 </font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: right;"><br></td>
<td style="padding: 0px 3px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right;"><font style="font-family: 'times new roman', times;">663.8 </font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: right;"><br></td>
<td style="padding: 0px 3px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right;"><font style="font-family: 'times new roman', times;">821.8 </font></td>









</tr>
<tr style="height: 12px;">
<td height="17" style="height: 12px; padding: 0px 0px 0px 18px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; background: white;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp; </font>Right-of-use assets</font></td>
<td style="padding: 0px 3px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right;"><font style="font-family: 'times new roman', times;">888.5 </font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: right;"><br></td>
<td style="padding: 0px 3px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right;"><font style="font-family: 'times new roman', times;">1,009.9 </font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: right;"><br></td>
<td style="padding: 0px 3px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right;"><font style="font-family: 'times new roman', times;">931.2 </font></td>









</tr>
<tr style="height: 12px;">
<td height="17" style="height: 12px; padding: 0px 0px 0px 18px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; background: white;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp; </font>Property, plant and equipment /
  Intangibles / Investments</font></td>
<td style="padding: 0px 3px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right;"><font style="font-family: 'times new roman', times;">4,354.7 </font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: right;"><br></td>
<td style="padding: 0px 3px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right;"><font style="font-family: 'times new roman', times;">4,388.8 </font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: right;"><br></td>
<td style="padding: 0px 3px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right;"><font style="font-family: 'times new roman', times;">5,039.1 </font></td>









</tr>
<tr style="height: 16px;">
<td style="padding: 0px; color: #008fff; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; height: 16px;"><br></td>
<td style="padding: 0px 3px 0px 0px; color: #008fff; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; text-align: right; height: 16px;"><br></td>
<td style="padding: 0px; color: #008fff; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; text-align: right;"><br></td>
<td style="padding: 0px 3px 0px 0px; color: #008fff; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; text-align: right; height: 16px;"><br></td>
<td style="padding: 0px; color: #008fff; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; text-align: right;"><br></td>
<td style="padding: 0px 3px 0px 0px; color: #008fff; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; text-align: right; height: 16px;"><br></td>









</tr>
<tr style="height: 15px;">
<td height="20" style="height: 15px; padding: 0px; color: #008fff; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; border-top-width: 1px; border-top-style: solid; border-top-color: #008fff !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #008fff !important; border-left-width: 1px; border-left-style: solid; border-left-color: #008fff !important;"><font style="font-family: 'times new roman', times;">TOTAL OPERATING ASSETS</font></td>
<td style="padding: 0px 3px 0px 0px; color: #008fff; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; height: 15px; text-align: right; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #008fff !important; border-bottom-color: #008fff !important;"><font style="font-family: 'times new roman', times;">20,416.2 </font></td>
<td style="padding: 0px; color: #008fff; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; text-align: right; border-top-width: 1px; border-top-style: solid; border-top-color: #008fff !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #008fff !important;"><br></td>
<td style="padding: 0px 3px 0px 0px; color: #008fff; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; height: 15px; text-align: right; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #008fff !important; border-bottom-color: #008fff !important;"><font style="font-family: 'times new roman', times;">19,644.1 </font></td>
<td style="padding: 0px; color: #008fff; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; text-align: right; border-top-width: 1px; border-top-style: solid; border-top-color: #008fff !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #008fff !important;"><br></td>
<td style="padding: 0px 3px 0px 0px; color: #008fff; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; height: 15px; text-align: right; 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: #008fff !important; border-bottom-color: #008fff !important; border-right-color: #008fff !important;"><font style="font-family: 'times new roman', times;">21,637.8 </font></td>









</tr>
<tr style="height: 16px;">
<td style="padding: 0px; color: #008fff; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; height: 16px;"><br></td>
<td style="padding: 0px 3px 0px 0px; color: #008fff; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; text-align: right; height: 16px;"><br></td>
<td style="padding: 0px; color: #008fff; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; text-align: right;"><br></td>
<td style="padding: 0px 3px 0px 0px; color: #008fff; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; text-align: right; height: 16px;"><br></td>
<td style="padding: 0px; color: #008fff; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; text-align: right;"><br></td>
<td style="padding: 0px 3px 0px 0px; color: #008fff; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; text-align: right; height: 16px;"><br></td>









</tr>
<tr style="height: 13px;">
<td height="18" style="height: 13px; padding: 0px; color: #051373; font-size: 10.5pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap;"><font style="font-family: 'times new roman', times;">OPERATING LIABILITIES</font></td>
<td style="padding: 0px 3px 0px 0px; color: #051273; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; height: 13px; text-align: right;"></td>
<td style="padding: 0px; color: #051273; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: right;"><br></td>
<td style="padding: 0px 3px 0px 0px; color: #051273; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; height: 13px; text-align: right;"></td>
<td style="padding: 0px; color: #051273; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: right;"><br></td>
<td style="padding: 0px 3px 0px 0px; color: #051273; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; height: 13px; text-align: right;"></td>









</tr>
<tr style="height: 12px;">
<td height="17" style="height: 12px; padding: 0px 0px 0px 18px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; background: white;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp; </font>Trade payables</font></td>
<td style="padding: 0px 3px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right;"><font style="font-family: 'times new roman', times;">4,066.4 </font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: right;"><br></td>
<td style="padding: 0px 3px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right;"><font style="font-family: 'times new roman', times;">4,358.1 </font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: right;"><br></td>
<td style="padding: 0px 3px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right;"><font style="font-family: 'times new roman', times;">5,359.2 </font></td>









</tr>
<tr style="height: 12px;">
<td height="17" style="height: 12px; padding: 0px 0px 0px 18px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; background: white;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp; </font>Salaries and related charges</font></td>
<td style="padding: 0px 3px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right;"><font style="font-family: 'times new roman', times;">181.8 </font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: right;"><br></td>
<td style="padding: 0px 3px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right;"><font style="font-family: 'times new roman', times;">149.3 </font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: right;"><br></td>
<td style="padding: 0px 3px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right;"><font style="font-family: 'times new roman', times;">269.2 </font></td>









</tr>
<tr style="height: 12px;">
<td height="17" style="height: 12px; padding: 0px 0px 0px 18px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; background: white;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp; </font>Post-employment benefits</font></td>
<td style="padding: 0px 3px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right;"><font style="font-family: 'times new roman', times;">262.9 </font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: right;"><br></td>
<td style="padding: 0px 3px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right;"><font style="font-family: 'times new roman', times;">208.7 </font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: right;"><br></td>
<td style="padding: 0px 3px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right;"><font style="font-family: 'times new roman', times;">257.5 </font></td>









</tr>
<tr style="height: 12px;">
<td height="17" style="height: 12px; padding: 0px 0px 0px 18px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; background: white;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp; </font>Taxes</font></td>
<td style="padding: 0px 3px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right;"><font style="font-family: 'times new roman', times;">140.6 </font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: right;"><br></td>
<td style="padding: 0px 3px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right;"><font style="font-family: 'times new roman', times;">171.5 </font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: right;"><br></td>
<td style="padding: 0px 3px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right;"><font style="font-family: 'times new roman', times;">141.1 </font></td>









</tr>
<tr style="height: 12px;">
<td height="17" style="height: 12px; padding: 0px 0px 0px 18px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; background: white;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp; </font>Judicial provisions</font></td>
<td style="padding: 0px 3px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right;"><font style="font-family: 'times new roman', times;">429.1 </font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: right;"><br></td>
<td style="padding: 0px 3px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right;"><font style="font-family: 'times new roman', times;">362.7 </font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: right;"><br></td>
<td style="padding: 0px 3px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right;"><font style="font-family: 'times new roman', times;">429.4 </font></td>









</tr>
<tr style="height: 12px;">
<td height="17" style="height: 12px; padding: 0px 0px 0px 18px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; background: white;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp; </font>Leases payable</font></td>
<td style="padding: 0px 3px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right;"><font style="font-family: 'times new roman', times;">706.5 </font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: right;"><br></td>
<td style="padding: 0px 3px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right;"><font style="font-family: 'times new roman', times;">779.4 </font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: right;"><br></td>
<td style="padding: 0px 3px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right;"><font style="font-family: 'times new roman', times;">733.7 </font></td>









</tr>
<tr style="height: 12px;">
<td height="17" style="height: 12px; padding: 0px 0px 0px 18px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; background: white;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp; </font>Other</font></td>
<td style="padding: 0px 3px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right;"><font style="font-family: 'times new roman', times;">929.9 </font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: right;"><br></td>
<td style="padding: 0px 3px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right;"><font style="font-family: 'times new roman', times;">1,112.1 </font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: right;"><br></td>
<td style="padding: 0px 3px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right;"><font style="font-family: 'times new roman', times;">1,843.7 </font></td>









</tr>
<tr style="height: 10px;">
<td style="padding: 0px; color: #008fff; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; height: 10px;"><br></td>
<td style="padding: 0px 3px 0px 0px; color: #008fff; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; text-align: right; height: 10px;"><br></td>
<td style="padding: 0px; color: #008fff; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; text-align: right;"><br></td>
<td style="padding: 0px 3px 0px 0px; color: #008fff; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; text-align: right; height: 10px;"><br></td>
<td style="padding: 0px; color: #008fff; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; text-align: right;"><br></td>
<td style="padding: 0px 3px 0px 0px; color: #008fff; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; text-align: right; height: 10px;"><br></td>









</tr>
<tr style="height: 15px;">
<td height="20" style="height: 15px; padding: 0px; color: #008fff; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; border-top-width: 1px; border-top-style: solid; border-top-color: #008fff !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #008fff !important; border-left-width: 1px; border-left-style: solid; border-left-color: #008fff !important;"><font style="font-family: 'times new roman', times;">TOTAL OPERATING LIABILITIES</font></td>
<td style="padding: 0px 3px 0px 0px; color: #008fff; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; height: 15px; text-align: right; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #008fff !important; border-bottom-color: #008fff !important;"><font style="font-family: 'times new roman', times;">6,717.1 </font></td>
<td style="padding: 0px; color: #008fff; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; text-align: right; border-top-width: 1px; border-top-style: solid; border-top-color: #008fff !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #008fff !important;"><br></td>
<td style="padding: 0px 3px 0px 0px; color: #008fff; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; height: 15px; text-align: right; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #008fff !important; border-bottom-color: #008fff !important;"><font style="font-family: 'times new roman', times;">7,141.9 </font></td>
<td style="padding: 0px; color: #008fff; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; text-align: right; border-top-width: 1px; border-top-style: solid; border-top-color: #008fff !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #008fff !important;"><br></td>
<td style="padding: 0px 3px 0px 0px; color: #008fff; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; height: 15px; text-align: right; 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: #008fff !important; border-bottom-color: #008fff !important; border-right-color: #008fff !important;"><font style="font-family: 'times new roman', times;">&nbsp;9,033.7 </font></td>









</tr>



















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

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







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</table>
<hr class="horizontalLineRemoved" style="border-bottom-color: #000000; border-top-color: #000000; color: #000000; background-color: #000000;"></hr>
<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div>







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

<tr>
<td style="width: 50%; border-bottom-width: 2px; border-bottom-style: solid; border-bottom-color: #051272;">
<p style="line-height: 90%; font-size: 10pt; font-family: Calibri, sans-serif;"><font style="font-size: 18.0pt; line-height: 90%; font-family: 'Century Gothic',sans-serif; mso-fareast-font-family: 'Century Gothic'; mso-bidi-font-family: 'Century Gothic'; color: #051473; mso-font-kerning: 12.0pt;"><font style="font-family: 'times new roman', times;">1<sup>ST</sup> QUARTER OF 2024</font><font style="mso-ligatures: none;"></font></font></p>














</td>
<td style="width: 50%; border-bottom-width: 2px; border-bottom-style: solid; border-bottom-color: #051272;"><img src="img46d94e39fa544349b50a.jpg" style="float: right;" alt="Graphics"></td>









</tr>



















</table>
<table border="0" cellpadding="0" cellspacing="0" width="100%" style="height: 507px; border-collapse: collapse; width: 100%; margin-left: 0.1px; font-family: &quot;times new roman&quot;; font-size: 10pt;">







<tr style="height: 12px;">
<td height="17" style="height: 12px; padding: 0px; color: #000000; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: center;"></td>
<td style="padding: 0px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: center; height: 12px;"></td>
<td style="padding: 0px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: center; height: 12px;"><br></td>
<td colspan="3" style="padding: 8px 0px 0px; color: #008fff; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: right; height: 12px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">In million of Reais</font></td>



</tr>
<tr style="height: 10px;">
<td height="37" style="height: 10px; padding: 0px; color: #ffffff; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; text-align: left; background: #051373; 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;"><font style="font-family: 'times new roman', times; font-size: 10pt;">IPIRANGA - Income statement</font></td>
<td style="padding: 0px; color: #ffffff; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: normal; text-align: center; background: #051373; 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;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;</font>1Q24<font style="mso-spacerun: yes;">&nbsp;</font></font></td>
<td style="padding: 0px; color: #ffffff; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: normal; text-align: center; background: #051373; 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; height: 10px;"><br></td>
<td style="padding: 0px; color: #ffffff; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: normal; text-align: center; background: #051373; 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;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;</font>1Q23<font style="mso-spacerun: yes;">&nbsp;</font></font></td>
<td style="padding: 0px; color: #ffffff; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: normal; text-align: center; background: #051373; 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; height: 10px;"><br></td>
<td style="padding: 0px; color: #ffffff; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: normal; text-align: center; background: #051373; 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;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;</font>4Q23<font style="mso-spacerun: yes;">&nbsp;</font></font></td>



</tr>
<tr style="height: 16px;">
<td style="padding: 0px; color: #008fff; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; text-align: left; height: 16px;"><br></td>
<td style="padding: 0px 3px 0px 0px; color: #008fff; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; text-align: right; height: 16px;"><br></td>
<td style="padding: 0px; color: #008fff; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; text-align: right; height: 16px;"><br></td>
<td style="padding: 0px 3px 0px 0px; color: #008fff; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; text-align: right; height: 16px;"><br></td>
<td style="padding: 0px; color: #008fff; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; text-align: right; height: 16px;"><br></td>
<td style="padding: 0px 3px 0px 0px; color: #008fff; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; text-align: right; height: 16px;"><br></td>



</tr>
<tr style="height: 12px;">
<td height="17" style="height: 12px; padding: 0px; color: #008fff; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; text-align: left; width: 68%; border-top-width: 1px; border-top-style: solid; border-top-color: #008fff !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #008fff !important; border-left-width: 1px; border-left-style: solid; border-left-color: #008fff !important;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Net revenues</font></td>
<td style="padding: 0px 3px 0px 0px; color: #008fff; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; height: 12px; text-align: right; width: 10%; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #008fff !important; border-bottom-color: #008fff !important;"><font style="font-family: 'times new roman', times; font-size: 10pt;">27,693.3 </font></td>
<td style="padding: 0px; color: #008fff; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; text-align: right; width: 1%; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #008fff !important; border-bottom-color: #008fff !important; height: 12px;"><br></td>
<td style="padding: 0px 3px 0px 0px; color: #008fff; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; height: 12px; text-align: right; width: 10%; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #008fff !important; border-bottom-color: #008fff !important;"><font style="font-family: 'times new roman', times; font-size: 10pt;">27,719.1 </font></td>
<td style="padding: 0px; color: #008fff; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; text-align: right; width: 1%; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #008fff !important; border-bottom-color: #008fff !important; height: 12px;"><br></td>
<td style="padding: 0px 3px 0px 0px; color: #008fff; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; height: 12px; text-align: right; width: 10%; 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: #008fff !important; border-bottom-color: #008fff !important; border-right-color: #008fff !important;"><font style="font-family: 'times new roman', times; font-size: 10pt;">30,652.2 </font></td>



</tr>
<tr style="height: 10px;">
<td style="padding: 0px; color: #008fff; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; text-align: left; height: 10px;"><br></td>
<td style="padding: 0px 3px 0px 0px; color: #008fff; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; text-align: right; height: 10px;"><br></td>
<td style="padding: 0px; color: #008fff; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; text-align: right; height: 10px;"><br></td>
<td style="padding: 0px 3px 0px 0px; color: #008fff; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; text-align: right; height: 10px;"><br></td>
<td style="padding: 0px; color: #008fff; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; text-align: right; height: 10px;"><br></td>
<td style="padding: 0px 3px 0px 0px; color: #008fff; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; text-align: right; height: 10px;"><br></td>



</tr>
<tr style="height: 12px;">
<td height="17" style="height: 12px; padding: 0px 0px 0px 18px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: left;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Cost of products sold and
  services provided</font></td>
<td style="padding: 0px 3px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(26,312.9)</font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: right; height: 12px;"><br></td>
<td style="padding: 0px 3px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(26,662.3)</font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: right; height: 12px;"><br></td>
<td style="padding: 0px 3px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(28,280.1)</font></td>



</tr>
<tr style="height: 16px;">
<td style="padding: 0px; color: #008fff; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; text-align: left; height: 16px;"><br></td>
<td style="padding: 0px 3px 0px 0px; color: #008fff; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; text-align: right; height: 16px;"><br></td>
<td style="padding: 0px; color: #008fff; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; text-align: right; height: 16px;"><br></td>
<td style="padding: 0px 3px 0px 0px; color: #008fff; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; text-align: right; height: 16px;"><br></td>
<td style="padding: 0px; color: #008fff; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; text-align: right; height: 16px;"><br></td>
<td style="padding: 0px 3px 0px 0px; color: #008fff; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; text-align: right; height: 16px;"><br></td>



</tr>
<tr style="height: 12px;">
<td height="17" style="height: 12px; padding: 0px; color: #008fff; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; text-align: left; border-top-width: 1px; border-top-style: solid; border-top-color: #008fff !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #008fff !important; border-left-width: 1px; border-left-style: solid; border-left-color: #008fff !important;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Gross profit</font></td>
<td style="padding: 0px 3px 0px 0px; color: #008fff; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; height: 12px; text-align: right; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #008fff !important; border-bottom-color: #008fff !important;"><font style="font-family: 'times new roman', times; font-size: 10pt;">1,380.4 </font></td>
<td style="padding: 0px; color: #008fff; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; text-align: right; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #008fff !important; border-bottom-color: #008fff !important; height: 12px;"><br></td>
<td style="padding: 0px 3px 0px 0px; color: #008fff; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; height: 12px; text-align: right; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #008fff !important; border-bottom-color: #008fff !important;"><font style="font-family: 'times new roman', times; font-size: 10pt;">1,056.8 </font></td>
<td style="padding: 0px; color: #008fff; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; text-align: right; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #008fff !important; border-bottom-color: #008fff !important; height: 12px;"><br></td>
<td style="padding: 0px 3px 0px 0px; color: #008fff; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; height: 12px; text-align: right; 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: #008fff !important; border-bottom-color: #008fff !important; border-right-color: #008fff !important;"><font style="font-family: 'times new roman', times; font-size: 10pt;">2,372.1 </font></td>



</tr>
<tr style="height: 16px;">
<td style="padding: 0px; color: #008fff; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; text-align: left; height: 16px;"><br></td>
<td style="padding: 0px 3px 0px 0px; color: #008fff; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; text-align: right; height: 16px;"><br></td>
<td style="padding: 0px; color: #008fff; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; text-align: right; height: 16px;"><br></td>
<td style="padding: 0px 3px 0px 0px; color: #008fff; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; text-align: right; height: 16px;"><br></td>
<td style="padding: 0px; color: #008fff; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; text-align: right; height: 16px;"><br></td>
<td style="padding: 0px 3px 0px 0px; color: #008fff; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; text-align: right; height: 16px;"><br></td>



</tr>
<tr style="height: 12px;">
<td height="17" style="height: 12px; padding: 0px 0px 0px 18px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: left;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Operating expenses</font></td>
<td style="padding: 0px 3px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right;"></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: right; height: 12px;"><br></td>
<td style="padding: 0px 3px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right;"></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: right; height: 12px;"><br></td>
<td style="padding: 0px 3px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right;"></td>



</tr>
<tr style="height: 12px;">
<td height="17" style="height: 12px; padding: 0px 0px 0px 36px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: left;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Selling and marketing</font></td>
<td style="padding: 0px 3px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(434.4)</font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: right; height: 12px;"><br></td>
<td style="padding: 0px 3px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(366.1)</font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: right; height: 12px;"><br></td>
<td style="padding: 0px 3px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(473.9)</font></td>



</tr>
<tr style="height: 12px;">
<td height="17" style="height: 12px; padding: 0px 0px 0px 36px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: left;"><font style="font-family: 'times new roman', times; font-size: 10pt;">General and administrative</font></td>
<td style="padding: 0px 3px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(273.7)</font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: right; height: 12px;"><br></td>
<td style="padding: 0px 3px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(307.1)</font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: right; height: 12px;"><br></td>
<td style="padding: 0px 3px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(364.8)</font></td>



</tr>
<tr style="height: 16px;">
<td style="padding: 0px 0px 0px 36px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: left; height: 16px;"><br></td>
<td style="padding: 0px 3px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: right; height: 16px;"><br></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: right; height: 16px;"><br></td>
<td style="padding: 0px 3px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: right; height: 16px;"><br></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: right; height: 16px;"><br></td>
<td style="padding: 0px 3px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: right; height: 16px;"><br></td>



</tr>
<tr style="height: 12px;">
<td height="17" style="height: 12px; padding: 0px 0px 0px 18px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: left;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Results from disposal of
  assets</font></td>
<td style="padding: 0px 3px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">36.5 </font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: right; height: 12px;"><br></td>
<td style="padding: 0px 3px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">56.0 </font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: right; height: 12px;"><br></td>
<td style="padding: 0px 3px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">14.2 </font></td>



</tr>
<tr style="height: 12px;">
<td height="17" style="height: 12px; padding: 0px 0px 0px 18px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: left;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Other operating income
  (expenses), net</font></td>
<td style="padding: 0px 3px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(165.1)</font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: right; height: 12px;"><br></td>
<td style="padding: 0px 3px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(138.7)</font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: right; height: 12px;"><br></td>
<td style="padding: 0px 3px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(130.9)</font></td>



</tr>
<tr style="height: 16px;">
<td style="padding: 0px; color: #008fff; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; text-align: left; height: 16px;"><br></td>
<td style="padding: 0px 3px 0px 0px; color: #008fff; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; text-align: right; height: 16px;"><br></td>
<td style="padding: 0px; color: #008fff; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; text-align: right; height: 16px;"><br></td>
<td style="padding: 0px 3px 0px 0px; color: #008fff; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; text-align: right; height: 16px;"><br></td>
<td style="padding: 0px; color: #008fff; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; text-align: right; height: 16px;"><br></td>
<td style="padding: 0px 3px 0px 0px; color: #008fff; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; text-align: right; height: 16px;"><br></td>



</tr>
<tr style="height: 12px;">
<td height="17" style="height: 12px; padding: 0px; color: #008fff; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; text-align: left; border-top-width: 1px; border-top-style: solid; border-top-color: #008fff !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #008fff !important; border-left-width: 1px; border-left-style: solid; border-left-color: #008fff !important;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Operating income</font></td>
<td style="padding: 0px 3px 0px 0px; color: #008fff; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; height: 12px; text-align: right; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #008fff !important; border-bottom-color: #008fff !important;"><font style="font-family: 'times new roman', times; font-size: 10pt;">543.7 </font></td>
<td style="padding: 0px; color: #008fff; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; text-align: right; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #008fff !important; border-bottom-color: #008fff !important; height: 12px;"><br></td>
<td style="padding: 0px 3px 0px 0px; color: #008fff; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; height: 12px; text-align: right; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #008fff !important; border-bottom-color: #008fff !important;"><font style="font-family: 'times new roman', times; font-size: 10pt;">301.0 </font></td>
<td style="padding: 0px; color: #008fff; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; text-align: right; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #008fff !important; border-bottom-color: #008fff !important; height: 12px;"><br></td>
<td style="padding: 0px 3px 0px 0px; color: #008fff; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; height: 12px; text-align: right; 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: #008fff !important; border-bottom-color: #008fff !important; border-right-color: #008fff !important;"><font style="font-family: 'times new roman', times; font-size: 10pt;">1,416.6 </font></td>



</tr>
<tr style="height: 16px;">
<td style="padding: 0px; color: #008fff; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; text-align: left; height: 16px;"><br></td>
<td style="padding: 0px 3px 0px 0px; color: #008fff; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; text-align: right; height: 16px;"><br></td>
<td style="padding: 0px; color: #008fff; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; text-align: right; height: 16px;"><br></td>
<td style="padding: 0px 3px 0px 0px; color: #008fff; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; text-align: right; height: 16px;"><br></td>
<td style="padding: 0px; color: #008fff; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; text-align: right; height: 16px;"><br></td>
<td style="padding: 0px 3px 0px 0px; color: #008fff; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; text-align: right; height: 16px;"><br></td>



</tr>
<tr style="height: 12px;">
<td height="17" style="height: 12px; padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp; &nbsp; &nbsp;Share of profit (loss) of
  subsidiaries, joint ventures and associates</font></td>
<td style="padding: 0px 3px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(2.1)</font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: right; height: 12px;"><br></td>
<td style="padding: 0px 3px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(1.9)</font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: right; height: 12px;"><br></td>
<td style="padding: 0px 3px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(3.4)</font></td>



</tr>
<tr style="height: 16px;">
<td style="padding: 0px; color: #008fff; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; text-align: left; height: 16px;"><br></td>
<td style="padding: 0px 3px 0px 0px; color: #008fff; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; text-align: right; height: 16px;"><br></td>
<td style="padding: 0px; color: #008fff; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; text-align: right; height: 16px;"><br></td>
<td style="padding: 0px 3px 0px 0px; color: #008fff; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; text-align: right; height: 16px;"><br></td>
<td style="padding: 0px; color: #008fff; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; text-align: right; height: 16px;"><br></td>
<td style="padding: 0px 3px 0px 0px; color: #008fff; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; text-align: right; height: 16px;"><br></td>



</tr>
<tr style="height: 12px;">
<td height="17" style="height: 12px; padding: 0px; color: #008fff; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; text-align: left; border-top-width: 1px; border-top-style: solid; border-top-color: #008fff !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #008fff !important; border-left-width: 1px; border-left-style: solid; border-left-color: #008fff !important;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Adjusted EBITDA</font></td>
<td style="padding: 0px 3px 0px 0px; color: #008fff; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; height: 12px; text-align: right; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #008fff !important; border-bottom-color: #008fff !important;"><font style="font-family: 'times new roman', times; font-size: 10pt;">819.1 </font></td>
<td style="padding: 0px; color: #008fff; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; text-align: right; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #008fff !important; border-bottom-color: #008fff !important; height: 12px;"><br></td>
<td style="padding: 0px 3px 0px 0px; color: #008fff; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; height: 12px; text-align: right; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #008fff !important; border-bottom-color: #008fff !important;"><font style="font-family: 'times new roman', times; font-size: 10pt;">583.2 </font></td>
<td style="padding: 0px; color: #008fff; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; text-align: right; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #008fff !important; border-bottom-color: #008fff !important; height: 12px;"><br></td>
<td style="padding: 0px 3px 0px 0px; color: #008fff; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; height: 12px; text-align: right; 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: #008fff !important; border-bottom-color: #008fff !important; border-right-color: #008fff !important;"><font style="font-family: 'times new roman', times; font-size: 10pt;">1,757.0 </font></td>



</tr>
<tr style="height: 16px;">
<td style="padding: 0px; color: #008fff; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; text-align: left; height: 16px;"><br></td>
<td style="padding: 0px 3px 0px 0px; color: #008fff; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; text-align: right; height: 16px;"><br></td>
<td style="padding: 0px; color: #008fff; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; text-align: right; height: 16px;"><br></td>
<td style="padding: 0px 3px 0px 0px; color: #008fff; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; text-align: right; height: 16px;"><br></td>
<td style="padding: 0px; color: #008fff; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; text-align: right; height: 16px;"><br></td>
<td style="padding: 0px 3px 0px 0px; color: #008fff; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; text-align: right; height: 16px;"><br></td>



</tr>
<tr style="height: 12px;">
<td height="17" style="height: 12px; padding: 0px 0px 0px 18px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: left;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Non-recurring<font style="font-size: 8pt;"><sup>1</sup></font></font></td>
<td style="padding: 0px 3px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(36.5)</font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: right; height: 12px;"><br></td>
<td style="padding: 0px 3px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(55.9)</font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: right; height: 12px;"><br></td>
<td style="padding: 0px 3px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(596.7)</font></td>



</tr>
<tr style="height: 16px;">
<td style="padding: 0px; color: #008fff; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; text-align: left; height: 16px;"><br></td>
<td style="padding: 0px 3px 0px 0px; color: #008fff; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; text-align: right; height: 16px;"><br></td>
<td style="padding: 0px; color: #008fff; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; text-align: right; height: 16px;"><br></td>
<td style="padding: 0px 3px 0px 0px; color: #008fff; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; text-align: right; height: 16px;"><br></td>
<td style="padding: 0px; color: #008fff; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; text-align: right; height: 16px;"><br></td>
<td style="padding: 0px 3px 0px 0px; color: #008fff; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; text-align: right; height: 16px;"><br></td>



</tr>
<tr style="height: 10px;">
<td height="17" style="height: 10px; padding: 0px; color: #008fff; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; text-align: left; border-top-width: 1px; border-top-style: solid; border-top-color: #008fff !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #008fff !important; border-left-width: 1px; border-left-style: solid; border-left-color: #008fff !important;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Recurring Adjusted EBITDA</font></td>
<td style="padding: 0px 3px 0px 0px; color: #008fff; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; height: 10px; text-align: right; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #008fff !important; border-bottom-color: #008fff !important;"><font style="font-family: 'times new roman', times; font-size: 10pt;">782.7 </font></td>
<td style="padding: 0px; color: #008fff; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; text-align: right; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #008fff !important; border-bottom-color: #008fff !important; height: 10px;"><br></td>
<td style="padding: 0px 3px 0px 0px; color: #008fff; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; height: 10px; text-align: right; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #008fff !important; border-bottom-color: #008fff !important;"><font style="font-family: 'times new roman', times; font-size: 10pt;">527.3 </font></td>
<td style="padding: 0px; color: #008fff; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; text-align: right; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #008fff !important; border-bottom-color: #008fff !important; height: 10px;"><br></td>
<td style="padding: 0px 3px 0px 0px; color: #008fff; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; height: 10px; text-align: right; 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: #008fff !important; border-bottom-color: #008fff !important; border-right-color: #008fff !important;"><font style="font-family: 'times new roman', times; font-size: 10pt;">1,160.2 </font></td>



</tr>
<tr style="height: 16px;">
<td style="padding: 0px; color: #008fff; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; text-align: left; height: 16px;"><br></td>
<td style="padding: 0px 3px 0px 0px; color: #008fff; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; text-align: right; height: 16px;"><br></td>
<td style="padding: 0px; color: #008fff; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; text-align: right; height: 16px;"><br></td>
<td style="padding: 0px 3px 0px 0px; color: #008fff; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; text-align: right; height: 16px;"><br></td>
<td style="padding: 0px; color: #008fff; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; text-align: right; height: 16px;"><br></td>
<td style="padding: 0px 3px 0px 0px; color: #008fff; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; text-align: right; height: 16px;"><br></td>



</tr>
<tr style="height: 12px;">
<td height="17" style="height: 12px; padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Depreciation and amortization<font style="font-size: 8pt;"><sup>2</sup></font></font></td>
<td style="padding: 0px 3px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">277.5 </font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: right; height: 12px;"><br></td>
<td style="padding: 0px 3px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">284.1 </font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: right; height: 12px;"><br></td>
<td style="padding: 0px 3px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">343.7 </font></td>



</tr>
<tr style="height: 17px;">
<td style="padding: 0px; color: #051373; font-size: 10.5pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; height: 17px;"><br></td>
<td style="padding: 0px 3px 0px 0px; color: #051273; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: right; height: 17px;"><br></td>
<td style="padding: 0px; color: #051273; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: right; height: 17px;"><br></td>
<td style="padding: 0px 3px 0px 0px; color: #051273; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: right; height: 17px;"><br></td>
<td style="padding: 0px; color: #051273; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: right; height: 17px;"><br></td>
<td style="padding: 0px 3px 0px 0px; color: #051273; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: right; height: 17px;"><br></td>



</tr>
<tr style="height: 13px;">
<td height="18" style="height: 13px; padding: 0px; color: #051373; font-size: 10.5pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Ratios</font></td>
<td style="padding: 0px 3px 0px 0px; color: #051273; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; height: 13px; text-align: right;"></td>
<td style="padding: 0px; color: #051273; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: right; height: 13px;"><br></td>
<td style="padding: 0px 3px 0px 0px; color: #051273; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; height: 13px; text-align: right;"></td>
<td style="padding: 0px; color: #051273; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: right; height: 13px;"><br></td>
<td style="padding: 0px 3px 0px 0px; color: #051273; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; height: 13px; text-align: right;"></td>



</tr>
<tr style="height: 17px;">
<td style="padding: 0px; color: #051373; font-size: 10.5pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; height: 17px;"><br></td>
<td style="padding: 0px 3px 0px 0px; color: #051273; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: right; height: 17px;"><br></td>
<td style="padding: 0px; color: #051273; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: right; height: 17px;"><br></td>
<td style="padding: 0px 3px 0px 0px; color: #051273; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: right; height: 17px;"><br></td>
<td style="padding: 0px; color: #051273; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: right; height: 17px;"><br></td>
<td style="padding: 0px 3px 0px 0px; color: #051273; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: right; height: 17px;"><br></td>



</tr>
<tr style="height: 12px;">
<td height="17" style="height: 12px; padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; background: white;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp; </font>Gross margin (R$/m&#179;)</font></td>
<td style="padding: 0px 3px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">247 </font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: right; height: 12px;"><br></td>
<td style="padding: 0px 3px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">193 </font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: right; height: 12px;"><br></td>
<td style="padding: 0px 3px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">389 </font></td>



</tr>
<tr style="height: 12px;">
<td height="17" style="height: 12px; padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; background: white;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp; </font>Operating margin (R$/m&#179;)</font></td>
<td style="padding: 0px 3px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">97 </font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: right; height: 12px;"><br></td>
<td style="padding: 0px 3px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">55 </font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: right; height: 12px;"><br></td>
<td style="padding: 0px 3px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">232 </font></td>



</tr>
<tr style="height: 12px;">
<td height="17" style="height: 12px; padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp; </font>Adjusted EBITDA margin (R$/m&#179;)</font></td>
<td style="padding: 0px 3px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">147 </font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: right; height: 12px;"><br></td>
<td style="padding: 0px 3px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">106 </font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: right; height: 12px;"><br></td>
<td style="padding: 0px 3px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">288 </font></td>



</tr>
<tr style="height: 12px;">
<td height="17" style="height: 12px; padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp; </font>Recurring Adjusted EBITDA margin (R$/m&#179;)</font></td>
<td style="padding: 0px 3px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">140 </font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: right; height: 12px;"><br></td>
<td style="padding: 0px 3px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">96 </font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: right; height: 12px;"><br></td>
<td style="padding: 0px 3px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">190 </font></td>



</tr>
<tr style="height: 16px;">
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; height: 16px;"><br></td>
<td style="padding: 0px 3px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: right; height: 16px;"><br></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: right; height: 16px;"><br></td>
<td style="padding: 0px 3px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: right; height: 16px;"><br></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: right; height: 16px;"><br></td>
<td style="padding: 0px 3px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: right; height: 16px;"><br></td>



</tr>
<tr style="height: 12px;">
<td height="17" style="height: 12px; padding: 0px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: left;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Number of service stations</font></td>
<td style="padding: 0px 3px 0px 0px; color: #262626; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">5,881 </font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: right; height: 12px;"><br></td>
<td style="padding: 0px 3px 0px 0px; color: #262626; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">6,526 </font></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: right; height: 12px;"><br></td>
<td style="padding: 0px 3px 0px 0px; color: #262626; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">5,877 </font></td>



</tr>
<tr style="height: 16px;">
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: left; height: 16px;"><br></td>
<td style="padding: 0px 3px 0px 0px; color: #262626; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: right; height: 16px;"><br></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: right; height: 16px;"><br></td>
<td style="padding: 0px 3px 0px 0px; color: #262626; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: right; height: 16px;"><br></td>
<td style="padding: 0px; color: #262626; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: right; height: 16px;"><br></td>
<td style="padding: 0px 3px 0px 0px; color: #262626; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: right; height: 16px;"><br></td>



</tr>
<tr style="height: 10px;">
<td height="17" style="height: 10px; padding: 0px 0px 5px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: left; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Number of employees<font style="font-size: 8pt;"><sup>3</sup></font></font></td>
<td style="padding: 0px 0px 5px; color: #262626; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; height: 10px; text-align: right; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;"><font style="font-family: 'times new roman', times; font-size: 10pt;">5,127 </font></td>
<td style="padding: 0px 0px 5px; color: #262626; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: right; height: 10px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;"><br></td>
<td style="padding: 0px 0px 5px; color: #262626; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; height: 10px; text-align: right; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;"><font style="font-family: 'times new roman', times; font-size: 10pt;">4,990 </font></td>
<td style="padding: 0px 0px 5px; color: #262626; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: right; height: 10px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;"><br></td>
<td style="padding: 0px 0px 5px; color: #262626; font-size: 10pt; font-weight: bold; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; white-space: nowrap; height: 10px; text-align: right; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;"><font style="font-family: 'times new roman', times; font-size: 10pt;">5,058 </font></td>



</tr>













</table>
<font style="font-size: 8pt;"><sup>1</sup></font> <font style="font-size: 8pt;">Non-recurring items described in the EBITDA calculation table &#8211; page 2</font></div>
<div style="font-family: 'times new roman', times; font-size: 10pt;"><font style="font-size: 8pt;"><sup>2</sup></font> <font style="font-size: 8pt;">Includes amortization with contractual assets with customers - exclusive rights</font></div>
<div style="font-family: 'times new roman', times; font-size: 10pt;"><font style="font-size: 8pt;"><sup>3</sup></font> <font style="font-size: 8pt;">Number of employees for 2023 was revised to reflect new criteria (includes only active employees and employees on leave for up to 12 months)</font>
<p style="margin:0pt"><br></p>
<div>
<table style="width: 100%; font-family: 'times new roman'; font-size: 10pt;">

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







</tr>















</table>
<hr class="horizontalLineRemoved" style="border-bottom-color: #000000; border-top-color: #000000; color: #000000; background-color: #000000;"></hr>
<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div>







</div>








</div><div style="font-family: 'times new roman', times; font-size: 10pt;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Century Gothic'; font-size: 10pt; letter-spacing: 0.8pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: right;"><br></p>
<div style="width: 8.5in; margin: 0 auto;">
<p style="font-size: 10pt;line-height: 150%;margin: 0px;text-align: center;text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; letter-spacing: 0.8pt;">ULTRAPAR PARTICIPA&#199;&#213;ES S.A.</font></p>
<p style="font-size: 9pt; line-height: 150%; margin: 0px; text-align: center; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; letter-spacing: 0.8pt;">&nbsp;</font></p>
<h2 style="font-size: 9pt; line-height: 150%; margin: 0px; break-after: avoid; text-align: center; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; letter-spacing: 0.8pt;">Publicly Traded Company</font></h2>
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; letter-spacing: 0.8pt;">&nbsp;</font></p>
<table cellspacing="0" cellpadding="0" style="border-collapse: collapse; margin-left: 0pt; font-family: 'times new roman'; font-size: 10pt; height: 18px; width: 100%;" width="100%">

<tr style="height: 18px;">
<td style="width: 50%;">
<p style="text-align: center;">CNPJ Nr. 33.256.439/0001-39</p>


</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 18px; width: 50%;">
<p style="text-align: center;">NIRE 35.300.109.724</p>


</td>


</tr>





</table>
<p style="font-size: 9pt; line-height: 150%; margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; letter-spacing: 0.8pt;">&nbsp;</font></p>
<div style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: center;"><font style="font-weight: bold;"><a style="text-decoration: none; color: #000000; cursor: default; outline: none; pointer-events: none;" href="#TOC" name="Bm_742024201450840" class="customBookmark">MINUTES OF THE MEETING OF THE BOARD OF DIRECTORS</a></font></div>
<p style="font-size: 10pt;margin: 0pt;text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; letter-spacing: 0.8pt;">&nbsp;</font></p>
<p style="margin: 0px; text-indent: 0px; line-height: 1.2;"><font style="font-weight: bold; line-height: inherit;">Date, Hour and Place:</font></p>
<p style="margin: 0px; text-indent: 0px; line-height: 1.2;">May 8, 2024, at 10:00 a.m., at the Company&#8217;s headquarters, located at Brigadeiro Lu&#237;s Ant&#244;nio Avenue, Nr. 1,343, 9th floor, in the City and State of S&#227;o Paulo, also contemplating participation through Microsoft Teams.</p>
<p style="line-height: 1.2;;margin:0pt"><br></p>
<p style="margin: 0px; text-indent: 0px; line-height: 1.2;"><font style="font-weight: bold; line-height: inherit;">Members in attendance:</font></p>
<p style="margin: 0px; text-indent: 0px; line-height: 1.2;"><font style="font-size: 10pt; line-height: inherit;">(i) Members of the Board of Directors undersigned; (ii) Secretary of the Board of Directors, Ms. Denize Sampaio Bicudo; (iii) Chief Executive Officer, Mr. Marcos Marinho Lutz; (iv) Chief Financial and Investor Relations Officer, Mr. Rodrigo de Almeida Pizzinatto; (v) other executive officers of the Company, namely, Mrs. D&#233;cio de Sampaio Amaral, Leonardo Remi&#227;o Linden and Tabajara Bertelli Costa; and (vi) the President of the Fiscal Council, Mr. Flavio Cesar Maia Luz.&nbsp; </font></p>
<p style="line-height: 1.2; margin: 0px; text-align: justify; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; letter-spacing: 0.8pt; line-height: inherit;">&nbsp;</font></p>
<p style="line-height: 1.2; margin: 0px; text-indent: 0px;"><font style="font-weight: bold; line-height: inherit;">Matters discussed and resolutions:</font></p>
<p style="font-size: 9pt; line-height: 1.2; margin: 0px; text-align: justify; text-indent: 0px;"><br></p>
<table style="width: 100%; margin: 0px; font-family: &quot;times new roman&quot;; font-size: 10pt; text-indent: 0px;">

<tr style="margin: 0px; text-indent: 0px;">
<td style="width: 8.70096%; text-align: center; vertical-align: top; margin: 0px; text-indent: 0px;" valign="top"><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: 1.06667px; orphans: 2; text-indent: -48px; 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;">1.</font></td>
<td style="width: 91.299%; margin: 0px; text-indent: 0px;">After having analyzed and discussed the performance of the Company in the first quarter of the current fiscal year, the respective financial statements were approved.</td>

</tr>



</table>
<p style="line-height: 1.2; margin: 0px; text-align: justify; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; letter-spacing: 0.8pt; line-height: inherit;">&nbsp;</font></p>
<p style="margin: 0px; text-indent: 0px;"><font style="font-weight: bold;">Notes:</font> The resolutions were approved, with no amendments or qualifications, by all Board Members.</p>

</div>
<p style="line-height: 18pt; margin: 0px; text-align: justify; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; letter-spacing: 0.8pt;">&nbsp;</font></p>
<div><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>
<p style="line-height: 18pt; margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; letter-spacing: 0.8pt;">&nbsp;</font></p>
<div>
<div style="width: 8.5in; margin: 0 auto;">
<p style="text-align: center; margin: 0px; text-indent: 0px;">(Minutes of the Meeting of the Board of Directors of Ultrapar&nbsp;Participa&#231;&#245;es&nbsp;S.A., </p>
<p style="text-align: center; margin: 0px; text-indent: 0px;">held&nbsp;on&nbsp;May 8, 2024)</p>
<p style="margin: 0px; text-indent: 0px;"><br></p>
<p style="margin: 0px; text-indent: 0px;">There being no further matters to discuss, the meeting was concluded, and these minutes were written, read, passed, and signed by all the Board members present.</p>
<p style="margin: 0px; text-indent: 0px;">&nbsp;<br></p>
<p style="margin: 0px; text-indent: 0px;"><br></p>
<p style="margin: 0px; text-indent: 0px;"><font style="font-weight: bold;">Jorge Marques de Toledo Camargo</font> &#8211; Chairman</p>
<p style="margin: 0px; text-indent: 0px;">&nbsp;</p>
<p style="margin: 0px; text-indent: 0px;"><font style="font-weight: bold;">Marcos Marinho Lutz</font> &#8211; Vice-Chairman</p>
<p style="margin: 0px; text-indent: 0px;">&nbsp;</p>
<p style="margin: 0px; text-indent: 0px;"><font style="font-weight: bold;">Ana Paula Vitali Janes Vescovi</font></p>
<p style="margin: 0px; text-indent: 0px;">&nbsp;</p>
<p style="margin: 0px; text-indent: 0px;"><font style="font-weight: bold;">Fl&#225;via Buarque de Almeida</font></p>
<p style="margin: 0px; text-indent: 0px;">&nbsp;&nbsp;</p>
<p style="margin: 0px; text-indent: 0px;"><font style="font-weight: bold;">Francisco de S&#225; Neto</font></p>
<p style="margin: 0px; text-indent: 0px;"><font style="font-weight: bold;">&nbsp;</font></p>
<p style="margin: 0px; text-indent: 0px;"><font style="font-weight: bold;">Jos&#233; Mauricio Pereira Coelho</font></p>
<p style="margin: 0px; text-indent: 0px;"><font style="font-weight: bold;">&nbsp;&nbsp;</font></p>
<p style="margin: 0px; text-indent: 0px;"><font style="font-weight: bold;">Marcelo Faria de Lima</font></p>
<p style="margin: 0px; text-indent: 0px;"><font style="font-weight: bold;">&nbsp;</font></p>
<p style="margin: 0px; text-indent: 0px;"><font style="font-weight: bold;">Peter Paul Loren&#231;o Estermann</font></p>
<p style="margin: 0px; text-indent: 0px;">&nbsp;</p>
<p style="margin: 0px; text-indent: 0px;"><font style="font-weight: bold;">Denize Sampaio Bicudo</font> &#8211; Secretary of the Board of Directors</p>
</div>

</div>
<p style="line-height: 16pt; margin: 0px; text-align: justify; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; letter-spacing: 0.8pt;">&nbsp;</font></p>
<div><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="font-family: 'times new roman', times; font-size: 10pt;">
<div style="width: 8.5in; margin: 0 auto;">
<p style="font-size: 13pt; line-height: 1.2; margin: 10pt 0pt; text-indent: 0pt;"><font style="font-family: 'times new roman', times; font-size: 12pt; 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: May 8, 2024</font></p>
<table style="width: 100%; border-collapse: collapse; font-family: 'times new roman'; font-size: 10pt;">

<tr>
<td style="width: 50%; vertical-align: bottom;" valign="bottom"><br></td>
<td style="width: 50%; 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: bold; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 47.2px; 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;">ULTRAPAR HOLDINGS INC.</font></td>




</tr>
<tr>
<td style="width: 50%; vertical-align: bottom;" valign="bottom"><br></td>
<td style="width: 50%; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" 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; 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;">By: /s/ Rodrigo de Almeida<font>&nbsp;</font></font>Pizzinatto</td>




</tr>
<tr>
<td style="width: 50%; vertical-align: bottom;" valign="bottom"><br></td>
<td style="width: 50%; 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: 47.2px; 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;">Name: Rodrigo de Almeida<font>&nbsp;</font></font>Pizzinatto</td>




</tr>
<tr>
<td style="width: 50%; vertical-align: bottom;" valign="bottom"><br></td>
<td style="width: 50%; 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: 47.2px; 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;">Title: Chief Financial and Investor Relations Officer</font></td>




</tr>









</table>
<p style="font-size: 9pt; line-height: 1.2; margin: 0px; text-indent: 0px;"><br></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-style: italic; line-height: inherit;">(</font><font style="font-style: italic; line-height: inherit;">Individual and Consolidated Interim Financial Information as of and for the Quarter Ended March 31, 202</font><font style="font-style: italic; line-height: inherit;">4</font><font style="font-style: italic; line-height: inherit;"> and Report on Review of Interim Financial Information</font><font style="font-style: italic; line-height: inherit;">, </font><font style="font-style: italic; line-height: inherit;">1Q2</font><font style="font-style: italic; line-height: inherit;">4</font><font style="font-style: italic; line-height: inherit;"> Earnings Release</font><font style="font-style: italic; line-height: inherit;">, </font><font style="font-style: italic; line-height: inherit;">Minutes of the Meeting of the Board of Directors of Ultrapar Participa&#231;&#245;es S.A., held on May </font><font style="font-style: italic; line-height: inherit;">8</font><font style="font-style: italic; line-height: inherit;">, 202</font><font style="font-style: italic; line-height: inherit;">4</font><font style="font-style: italic; line-height: inherit;">)</font></font></p>
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