May 18, 2021, at 8:30 am, held under the terms of art. 24, paragraph 4 of the Company's Bylaws.
Members in Attendance:
(i) Members of the Board of Directors undersigned; (ii) Secretary of the Board of Directors, Mr. André Brickmann Areno; (iii) Chief Executive Officer, Mr. Frederico Pinheiro Fleury Curado; and (iv) Chief Financial and Investor Relations Officer, Mr. Rodrigo de Almeida Pizzinatto.
Matters discussed and resolutions:
1.Pursuant to the terms of art. 28, subheading 'p', item v, of the Company's Bylaws, the members of the Board of Directors approved the sale by their wholly-owned subsidiary Ipiranga Produtos de Petróleo S.A. of all the shares issued by Imifarma Produtos Cosméticos e Farmacêuticos S.A., pursuant to the proposal filed at the Company's headquarters.
2.In view of the resolution cited above, the members of the Board of Directors determined to call an extraordinary general shareholders' meeting of the Company for the purpose of exercising the preemptive rights, in compliance with article 253 of the Brazilian Corporate Law.
3.The Company's Executive Officers are authorized to perform all acts and to execute all documents related to the conclusion of the negotiations, as well as the conclusion and accomplishment of this sale.
Notes: The resolutions were approved, with no amendments or qualifications, by all the Board Members.
There being no further matters to discuss, the meeting was concluded and these minutes were written, read, passed, and signed by all Directors present.
Pedro Wongtschowski - Chairman
Lucio de Castro Andrade Filho - Vice-Chairman
Alexandre Teixeira de Assumpção Saigh
Ana Paula Vitali Janes Vescovi
Flávia Buarque de Almeida
Jorge Marques de Toledo Camargo
José Galló
José Luiz Alquéres
José Mauricio Pereira Coelho
Marcos Marinho Lutz
Otávio Lopes Castello Branco Neto
André Brickmann Areno - Secretary
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Ultrapar Participações SA published this content on 19 May 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 19 May 2021 15:03:02 UTC.
Ultrapar Participações S.A. specializes in gas distribution. Net sales (including intragroup)break down by activity as follows:
- distribution of fuels and lubricants (81.4%; Ipiranga): activity ensured, at the end of 2020, through a network of 7,090 service stations in Brazil;
- distribution of liquefied petrol gas (9.1%; Ultragaz);
- manufacturing of chemical products (6.4%; Oxiteno): ethylene oxide, alcohols fat, products of specialties, etc.;
- distribution of pharmaceutical products (2.4% ; Extrafarma);
- logistics services (0.6%; Ultracargo): especially transport and storage services;
- other (0.1%).
Brazil accounts for 97.7% of net sales.
ULTRAPAR PARTICIPACOES S.A. 
