Ultrapar Participacoes S A : Signing of agreement for the acquisition of 50% stake in Opla by Ultracargo

ULTRAPAR PARTICIPAÇÕES S.A.

MARKET ANNOUNCEMENT

Signing of agreement for the acquisition of 50% stake in Opla by Ultracargo

São Paulo, April 19, 2023 - Ultrapar Participações S.A. (B3: UGPA3 / NYSE: UGP), in compliance with CVM Resolution 44/21, hereby informs the signing of an agreement for the acquisition of a 50% stake in Opla Logística Avançada ("Opla"), held by Copersucar S.A. ("Copersucar"), through its subsidiary Ultracargo Logística S.A. ("Ultracargo"). The value of the transaction is R$ 237.5 million, subject to customary working capital and net debt adjustments.

Opla, which was founded in 2017, is the largest independent terminal of ethanol in Brazil. Located in Paulínia (state of São Paulo), it has an installed tank capacity of 180 thousand m3 and offers integrated storage and logistics solutions through railways, pipelines and road transportation. It is jointly controlled by BP Biofuels Brazil Investments Ltd. ("BP") and Copersucar, both with 50% stake. With the approval of the acquisition, Ultracargo and BP will be co-controllers of Opla.

The acquisition of this stake in Opla marks Ultracargo's entry into the inland liquid bulk storage and logistics segment, integrated with port terminals, in line with its growth plan. Opla is a strategic asset in the ethanol and derivatives distribution chain, with high growth potential and value creation by opening the terminal to third parties and relevant productivity gains in the use of the asset.

Ultracargo and Opla will maintain their regular course of business, on an independent manner, until the closing date of the transaction, subject to approval by the Administrative Council of Economic Defense (CADE).

Rodrigo de Almeida Pizzinatto

Chief Financial and Investor Relations Officer

Ultrapar Participações S.A.