Ultrapar Participações S A : Succession plan of Ultrapar’s Board of Directors

ULTRAPAR PARTICIPAÇÕES S.A.

MATERIAL NOTICE

Succession plan of Ultrapar's Board of Directors

São Paulo, September 22, 2021 - Ultrapar Participações S.A. (B3: UGPA3 / NYSE: UGP, "Ultrapar" or the "Company"), under the terms of CVM Instruction 358/02, announces the succession plan of the leadership of its Board of Directors, developed under the leadership of the current Chairman of the Board, Pedro Wongtschowski, whose mandate will end in April 2023.

To succeed him at the end of his term of office, the Board of Directors decided upon the preparation of Marcos Marinho Lutz, current board member of Ultrapar, to potentially recommend him for the Chairman position. In this preparation process, the Board approved that, from January 2022 to April 2023, Marcos Lutz will be the Chief Executive Officer of Ultrapar, aiming at a deepening in Ultra Group's various businesses. Marcos Lutz began his career in Ultra Group in 1994 as a trainee and remained at the Company until 2003, reaching Ultracargo's CEO position. He has an outstanding background of key leadership positions in energy and infrastructure businesses and has formerly served as CEO of Cosan S.A. from 2009 to 2020.

The Board of Directors also approved the election of Frederico Pinheiro Fleury Curado, current CEO of Ultrapar, to Ultrapar's Board Vice-Chairman position, which he will take office as from January 2022, closing a cycle of strategic redirection, portfolio review and renewal of leaders in Ultra Group initiated in 2017. Frederico Curado will succeed Lúcio de Castro Andrade Filho, who will retire at the end of 2021 after 45 years of dedication and great contributions to the Company, both in executive positions and as a member of the Board, where he sits since 1998.

With a planned process of succession and renewal of its leadership, in preparation for a new growth cycle, Ultra Group assures the continuity of its strategy of focus on the energy and infrastructure sectors, with a growing emphasis in the transition of the energy matrix, as well as the continuous improvement of its corporate governance processes.

Rodrigo de Almeida Pizzinatto

Chief Financial and Investor Relations Officer

Ultrapar Participações S.A.