ULTRAPAR PARTICIPAÇÕES S.A.

MARKET ANNOUNCEMENT

Investment plan for 2022

São Paulo, April 25, 2022 - Ultrapar Participações S.A. (B3: UGPA3; NYSE: UGP, "Ultrapar") informs its investment plan for 2022.

2022 Organic investment plan¹

Million BRL

ExpansionMaintenance and others

Total

Ipiranga² Ultragaz Ultracargo Others

Continuing operations - Total

497 182 101 19 800

524 1,022

192 374

131 232

24 44

872

1,672

¹Net of disposals. Does not include acquisitions and investments of Oxiteno and Extrafarma, due to the sale process of these companies ² Includes financing to clients, net of receipts

Ultrapar's consolidated investment plan for 2022, considering continuing operations, totals R$ 1,672 million, an amount greater than that invested in the last two years.

The portion of investments focused on expansion prioritizes investments for the continuity of growth of the businesses, through capacity expansions and efficiency and productivity gains.

Ipiranga's expansion investments are focused on (i) the optimization of the network, by branding new service stations with larger throughput, (ii) the expansion of the logistics infrastructure, with the construction of new operating bases in Fortaleza (state of Ceará), Marabá (state of Pará) and Rio Verde (state of Goiás) and (iii) the expansion of AmPm's company-operated stores and franchises.

Ultragaz's investments will mainly be directed to the expansion and requalification of tanks to new customers in the bulk segment, in addition to revitalization and opening of resale spots.

Ultracargo will focus its investments on expansion mainly on the grant of the Vila do Conde terminal (Belém, state of Pará), on the expansion of the IQI13 area in the Itaqui port (state of Maranhão) and on the renewal of the lease agreement in Santos (state of São Paulo).

The portion focused on maintenance will be directed to the sustaining of the businesses and includes mainly investments in maintenance of assets, safety, information technology, and the renovation and remodeling of sale spots.

Rodrigo de Almeida Pizzinatto

Chief Financial and Investor Relations Officer

Ultrapar Participações S.A.

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Ultrapar Participações SA published this content on 25 April 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 25 April 2022 12:18:15 UTC.