Ultrapar Participa es S.A. hereby informs that Mr. Paulo Guilherme Aguiar Cunha, Chairman of the Board of Directors, based on his understanding that now it is the time to complete the process of his succession and thus secure a further step to ensure the Company's perpetuity, decided to leave the Company's Board of Directors, and presented his resignation on the date hereof. In recognition of the inestimable value of his contributions, the Board of Directors, at a meeting held May 3, 2018 resolved to appoint Mr. Paulo Cunha as the Chairman Emeritus of the Board of Directors, an honorary and lifelong position to be occupied by him as of this date. Also on this date, Mr. Pedro Wongtschowski, current Vice-Chairman of the Board of Directors, was appointed to succeed Mr. Paulo Cunha. Pedro Wongtschowski joined Ultrapar's board of executive officers in 1985, was Chief Executive Officer from 2007 to 2012 and has been a member of the Board of Directors since 2013. Mr. Lucio de Castro Andrade Filho, who joined the Company in 1977, held the position of Vice President of Ultrapar from 1982 to 2006 and has been a member of the Board of Directors since 1998, was appointed for the position of Vice Chairman of the Board of Directors. Both will occupy their roles for the remainder of their term of office as directors. The Board of Directors will appoint, in a timely manner, a new director who will serve until the next general shareholders meeting of the Company, in accordance with the Bylaws.