Ultrapar Participacoes S A : Minutes of the meeting of the Board of Directors

ULTRAPAR PARTICIPAÇÕES S.A.

Publicly Traded Company

CNPJ Nr. 33.256.439/0001 -39

NIRE 35.300.109.724

MINUTES OF THE MEETING OF THE BOARD OF DIRECTORS

Date, Hour and Place :

September 21, 2022, at 2:30 p.m., at the Company's headquarters, located at Brigadeiro Luís Antônio Avenue, Nr. 1.343, 9th floor, in the City and State of São Paulo, also contemplating participation through Microsoft Teams .

Members in attendance :

1. Members of the Board of Directors undersigned ; (ii) Secretary of the Board of Directors, Mr. André Brickmann Areno ; (iii) Chief Executive Officer, Mr. Marcos Marinho Lutz; (iv) Chief Financial and Investor Relations Officer, Mr. Rodrigo de Almeida Pizzinatto; and (v) in relation to item 1, the Director of Risks, Compliance and Internal Audit , Ms. Fernanda Teves.

Matters discussed and resolutions :

1. The members of the Board of Directors were updated on the Integrity Program adopted by the Company, in particular its main milestones and the activities of the open channel .

2. In an executive session of the Board of Directors, the members :

2.1. Approved, in accordance with the stock -based compensation plan of the Company approved at the Company's Annual and

(Mi nut e s of t he Me eti ng of t he Boa rd of Di rect ors of Ul t rapa r Pa rti cip aç ões S . A . ,

he l d on S ep te mb e r 21, 2022 )

Extraordinary General Shareholders' Meeting held on April 19,

2017 ("Plan"), on item 4.2 of the Plan :

(i) the Company's 6th Restricted Share -based Compensation Program ("Program"), which will be filed at the Company's headquarters and stipulates, among other provisions, the institution of the usufruct of the equity rights of all shares, object of the Program in favor of the participants; the vesting period of ten years from the date of execution of the respective contract for the transfer of the ownership of the shares established in usufruct; and the price and payment method to the participants; always in accordance with the provisions of the Plan;

1. the list, which is filed at the Company's headquarters, containing the participants designated to participate in the Program and the equivalent number of shares, as indicated by the Company's People Committee, authorizing the execution of the agreements between the Company and each participant of the Program, according to the minutes filed at the Company's headquarters, as well as the granting of usufruct and delivery of shares, under the terms and conditions provided in each agreement.

2.2. Discussed the results of the evaluation of the Board of Directors and its committees, carried out with the support of the consultancy Egon Zehnder; and

(Mi nut e s of t he Me eti ng of t he Boa rd of Di rect ors of Ul t rapa r Pa rti cip aç ões S . A . ,

he l d on S ep te mb e r 21, 2022 )

2.3. Discussed the succession plan of the Company's Executive Board.

Notes: The resolutions were approved, with no amendments or qualifications, by all Board members.

There being no further matters to discuss, the meeting was concluded, and these minutes were written, read, passed, and signed by all the Board members present.

Pedro Wongtschowski - Chairman

Frederico Pinheiro Fleury Curado - Vice-Chairman

Alexandre Teixeira de Assumpção Saigh

Ana Paula Vitali Janes Vescovi

Flávia Buarque de Almeida

Jorge Marques de Toledo Camargo

José Galló

(Mi nut e s of t he Me eti ng of t he Boa rd of Di rect ors of Ul t rapa r Pa rti cip aç ões S . A . ,

he l d on S ep te mb e r 21, 2022 )

José Luiz Alquéres

José Mauricio Pereira Coelho

Otávio Lopes Castello Branco Neto

André Brickmann Areno - Secretary of the Board of Directors