Ultrapar Participações S A : Corporate Nomination Policy

CORPORATE NOMINATION POLICY FOR MEMBERS OF THE BOARD OF DIRECTORS, ADVISORY COMMITTEES AND EXECUTIVE OFFICERS BOARD

SUMMARY
1.	PURPOSE .................................................................................................................	3
2.	PRINCIPLES AND GROUNDS.............................................................................	3
3.	PEOPLE COMMITTEE ...........................................................................................	3
4.	BOARD OF DIRECTORS .......................................................................................	4
5.	EXECUTIVE OFFICERS BOARD ..........................................................................	7
6.	ADVISORY COMMITTEES ...................................................................................	9
7.	ASSESSMENT PROCESS ....................................................................................	10
8.	GENERAL PROVISIONS .....................................................................................	11

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1. PURPOSE

The purpose of this Corporate Nomination Policy for Members of the Board of Directors ("Board"), Advisory Committees ("Committees") and Executive Officers Board ("Policy") is to establish the criteria for composition of such Ultrapar's bodies, as well as procedures for appointment and evaluation of the respective members, in accordance with the best corporate governance practices .

2. PRINCIPLES AND GROUNDS

2.1 The Policy is based on the guidelines and provisions set forth in : (i) the Bylaws; (ii) Law 6,404/76; (iii) the Brazilian Corporate Governance Code; (iv) the B3's Novo Mercado Listing Regulation; and (v) the legislation and regulation in force applicable to the Company.

2.2 The Board of Directors and its Committees and Executive Officers Board thereof shall be composed of highly qualified professionals, with proved professional or academic experience, in conformity with the Company's values and Code of Ethics.

2.3 The appointment shall consider the time of experience, academic background, available time to perform the duties and diversity. Such criteria shall ensure that the Company benefits from a wide range of visions, experiences and arguments, in order to undertake the decisions with greater quality and security.

3. PEOPLE COMMITTEE

Under the Bylaws, the People Committee shall support the Board of Directors in the nomination process, so that the Company is able to be properly prepared in advance for the succession of these positions and monitor the actions that ensure the adoption of a model for attraction, retention and motivation of the management members with the required qualifications, aligned with the Company's strategic plans.

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4. BOARD OF DIRECTORS A. Composition Criteria

4.1 The Board of Directors shall be composed of, at least, five (5) and, at most, eleven (11) members, elected and subject to removal by the Shareholders' Meeting, for unified term of office of two (2) years, reelection permitted, under the terms of the Company's Bylaws.1

4.2 The Board of Directors shall be mandatorily composed of, at least, thirty percent (30%) or two (2) independent members, whichever is higher, under the terms of the Company's Bylaws.2

4.2.1 When, as a result of compliance with the percentage referred to in the caput hereof, the number of directors results in a fraction, such number will be rounded to the immediately higher whole number , as established in the Company's Bylaws.3

4.2.2 The appointment of the independent directors shall comply with the rules and procedures set forth in the Novo Mercado Listing Regulation and the Ultrapar's Bylaws, subject to approval at the Shareholders' Meeting held to elect such independent directors .

4.3 The appointment of the Board of Directors' members shall comply with the following criteria, without prejudice to the legal and regulatory requirements, as well as those set forth in the Bylaws:

1. do not hold any Officer position in the Company;
2. comply with the values and culture of the Company and the
   Company's Code of Ethics;
3. have well-regarded reputation, as set forth in article 147, paragraph 3, of Law 6,404/76;

1	Conforme artigo 17 do Estatuto Social.
2	Conforme artigo 18 do Estatuto Social.	4
3	Conforme artigo 18, parágrafo 1º, do Estatuto Social.