Ultrapar Participacoes S A : Manual for shareholders' participation - Annual and Extraordinary General Shareholders' Meeting 04/13/2022

Shareholders' Meeting Manual

Annual and Extraordinary General

Shareholders' Meeting

of April 13, 2022

Digital-only meeting

3	Message from the Chairman of the Board of Directors
4	Invitation letter
5	Call notice
9	Additional procedures
11	Management proposal for matters to be discussed in the Annual and Extraordinary General Shareholders'
Meeting, including:
16	Exhibit I - Report on the source and rational for the proposed amendments to the Bylaws of Ultrapar
Participações S.A.
	Exhibit II - Financial statements referring to the fiscal year ended on December 31, 2021, including (i) the
71	Management Report of the fiscal year ended on December 31, 2021; (ii) Report from our Independent
	Auditors and (iii) Report from our Fiscal Council
266	Exhibit III - Management discussion and analysis on the financial conditions of the Company, under the
terms of item 10 of the Reference Form
314	Exhibit IV - Allocation of net income proposal for the fiscal year, pursuant to Annex 9-1-II of CVM Instruction
481/09
318	Exhibit V - Information regarding the candidate for member of the Board of Directors and the candidates
for the Fiscal Council appointed or supported by the management, pursuant to items 12.5 to 12.10 of the
	Reference Form
326	Exhibit VI - Information about the management compensation, under the terms of item 13 of the Reference
Form
353	Model for power of attorney

MESSAGE FROM THE CHAIRMAN OF THE BOARD OF DIRECTORS

Dear Shareholders,

The year of 2021 was one of significant transformations for the Ultra Group.

Ultragaz, Ultracargo and Oxiteno registered record results and profitability in 2021. Ipiranga and Extrafarma, in turn, had lower results in the first semester and, even with an improvement in their operations during the second semester, they didn't reach desired levels of profitability. In this sense, we have implemented a series of operational changes and adjustments geared towards recovering Ipiranga's trajectory of profitable growth over the course of 2022 and 2023.

We made significant progress in our portfolio review strategy, with the signing of the sale agreements of Oxiteno and Extrafarma (still pending their respective closings), in addition to the conclusion of the sale of our equity interest in ConectCar.

It's worth mentioning the significant renovation of our management and governance structure carried out in 2021, strengthening the pillars for Ultra Group's progress and perpetuity. In April, three new members were elected to Ultrapar's Board of Directors, adding even more experience and skills to the Company. The succession of the executive leadership position of Ultra Group and Ipiranga was also carried out, as well as the establishment and subsequent beginning of the process for the succession plan to the Ultrapar's Chairman of the Board of Directors, with the conclusion being expected for April 2023. In addition, we also highlight the renewal of the group of managers of Ultra Group and its businesses.

At the same time, we consolidated our sustainability strategy, which became an intrinsic part of the Company's strategic plan, strengthening the integrated view in the decision-making process, considering financial, social, environmental and corporate governance topics. Another highlight is the establishment of the Ultrapar's Sustainability and Corporate Affairs executive position, in March 2021.

Ultrapar enters 2022 strengthened to increase long-term value creation for its shareholders and other stakeholders and ready for a new cycle of growth.

We invite all our shareholders to participate in our meeting, whose details regarding attendance and representation, as well as the necessary information for voting decisions, may be found throughout this Meeting Manual.

PEDRO WONGTSCHOWSKI

Chairman of the Board of Directors

INVITATION LETTER

Dear Shareholders,

It is a pleasure to invite you to participate in the Annual and Extraordinary General Shareholders' Meeting ("Meeting") of Ultrapar Participações S.A. ("Ultrapar"), to be held on April 13, 2022, at 2:00 pm (Brazil time), exclusively in digital form, pursuant to the terms of the respective call notice.

All Ultrapar shareholders (including holders of common shares in the form of ADRs) will be able to vote on all matters of the agenda. Each common share gives the right to one vote in the Meeting's resolutions. ADR holders must vote as determined in a communication to be released by the depositary under the terms of the deposit agreement.

This document aims to clarify and guide the resolutions to be taken and the procedures necessary for your attendance or representation in the Meeting.

Ultrapar's Investor Relations department is available for further clarification on the [e-mail] by phone [phone].

We count on your participation,

PEDRO WONGTSCHOWSKI

Chairman of the Board of Directors

ULTRAPAR PARTICIPAÇÕES S.A.

Publicly Traded Company

CNPJ No. 33.256.439/0001-39

NIRE 35.300.109.724

Call Notice

ANNUAL AND EXTRAORDINARY GENERAL SHAREHOLDERS' MEETING

The Shareholders of Ultrapar Participações S.A. ("Ultrapar" or "Company") are hereby invited to attend the Annual and Extraordinary General Shareholders' Meeting that shall be held on April 13, 2022, at 2:00 p.m. (Brazil time), exclusively in digital form, pursuant to the terms of CVM Instruction 481/09, as amended, and by CVM Instruction 622/20 ("ICVM 481"), without prejudice of use of remote voting form ("Meeting"), to discuss the following Agenda:

In Annual General Shareholders' Meeting:

1. Analysis and approval of the report and accounts of the Management, as well as the financial statements of the fiscal year ended on December 31, 2021, together with the report from the Independent Auditors and the report from the Fiscal Council;
2. Allocation of net income for the fiscal year ended on December 31, 2021;
3. Establishment of the Management's global compensation;
4. Election of the members of the Fiscal Council and respective alternates, given the request for the installation of the Fiscal Council made by a shareholder representing more than 2% (two percent) of the voting shares issued by the Company, under the terms of Law No. 6,404/76 and CVM Instruction 324/00; and
5. Considering the item above, the establishment of the compensation of the members of the Fiscal Council for the term of office that begins in April 2022.

In Extraordinary Ge neral Shareholders' Meeting:

1. Change of the number of members that integrate the Board of Directors;
2. Election of member of the Board of Directors;
3. Resolution on the following amendments to the Company's Bylaws as detailed in the
   Management Proposal disclosed to the market on this date:
4. 1. change in the percentage of independent members of the Board of Directors;