Ultrapar Participações S A : Management proposal - Extraordinary General Shareholders' Meeting 09/22/2020

ULTRAPAR PARTICIPAÇÕES S.A.

Publicly-Traded Company

CNPJ Nr. 33.256.439/0001-39

NIRE 35.300.109.724

MANAGEMENT PROPOSAL

Dear Shareholders,

The Management of Ultrapar Participações S.A. ("Ultrapar" or "Company") hereby presents the Management Proposal to its shareholders, regarding the matters to be decided on the Extraordinary General Shareholders' Meeting, to be held on September 22, 2020, at 2 p.m.

1. Change of the number of members that integrate the Board of Directors

Considering the resolution deliberated upon by the Extraordinary and Annual General Shareholders' Meeting held on April 10, 2019 and the criteria established in the Company's Bylaws for the composition of the Board of Directors that the Board shall be comprised up to eleven (11) members, the Management proposes the change of the number of members that integrate the Board of Directors for this mandate, from ten (10) to eleven (11) members.

2. Election of the member of the Board of Directors

Subject to approval of item 1 above and considering that Pátria Investimentos is now a shareholder of Ultra S.A. Participações and that the Board of Directors of the Company is currently composed by ten

1. members, composition that is under the limits set forth by the Company's Bylaws, we propose the election of Mr. Alexandre Teixeira de Assumpção Saigh to integrate the Board of Directors, which mandate shall become effective for the remaining term of the other members of the Board of Directors in office, namely, until the Annual General Shareholders Meeting to be held on 2021.

Mr. Saigh is the co-founder and member of the Executive Committee of Pátria Investimentos, entity that manages alternative assets in Latin America, with approximately R$ 72 billion under management, being one of the founders of Pátria Investimentos at the beginning of 2000 (further details are described in Exhibit I).

The election of Mr. Alexandre Teixeira de Assumpção Saigh is proposed not only considering his well- regarded experience as executive, which will add relevant skills to the Board of Directors, but also considering the alignment of interests of Pátria Investimentos due to its relevant involvement with the Ultra Group.

Access to Documents and Information

Under the terms of the Ultrapar's Bylaws and article 6 of CVM Instruction 481/09, the documents and information relating to the matters to be resolved, as well as the Extraordinary General Shareholders' Meeting's Manual, the remote voting form for the Extraordinary General Shareholders' Meeting and other relevant documents for the exercise of the voting right at the Meeting were filed with the Brazilian Securities and Exchange Commission and are available at the website of CVM (www.cvm.gov.br), Company's head office, website of B3 - Brasil, Bolsa, Balcão (www.b3.com.br) and Company's website (ri.ultra.com.br).

São Paulo, August 18, 2020

PEDRO WONGTSCHOWSKI

Chairman of the Board of Directors

Exhibit I

12. General Meeting and Management

12.5. Information about the officers and members of the Board of Directors indicated or supported by the management

Board of Directors

				Expected		Other	Was
			Elective	election	Term
	Date of		positions	elected
					Consecutive
Name	Profession	CPF/ME	position	and	of
	birth		to be held	investiture	office	held in	by the	terms
			the issuer	controller
				date
Alexandre	Business	116.834.178	Member		Until
Teixeira de	of the
07/13/1967	-79	09/22/2020	2021	-	No	-
Assumpção	Manager	Board of		AGM
Saigh			Directors

i. Main professional experience over the last 5 years

					Company is part of the issuer's
					economic group or is controlled by
Company	Position	Main activity of the company	a shareholder that holds a direct or
					indirect stake equal to or greater
					than 5%
Pátria		Leading	alternative	asset
	management company	in Latin
Investimentos Ltda.	• Managing partner
America			No

1. All management positions currently held in other companies or third sector organizations

			Company is part of the issuer's
			economic group or is controlled by
Company	Position	Main activity of the company	a shareholder that holds a direct or
			indirect stake equal to or greater
			than 5%
N/A	N//A	N/A	N/A

n. Events occurred over the last 5 years, related to:

i.any criminal sentence

ii.any judgment in administrative proceeding by CVM and the penalties applied

iii.any final and unappealable judgment, at legal or administrative level, which has suspended or disqualified the candidate in connection with the performance of any professional or business activity

The candidate for the Board of Directors presented in this document informed the Company that there were no criminal conviction in CVM administrative proceeding or any other legal or administrative conviction that has suspended his ability or unqualified him to perform any professional or business activity.

12.9. Material relationship, stable union or family relationship up to the second degree between:

1. the Company's officers and directors

None.

1. (i) the Company's officers and directors and (ii) the officers and directors of any of the Company's subsidiaries, whether direct or indirect

None.

c. (i) the Company's or its subsidiaries' officers and directors, whether direct or indirect and (ii) the

Company's direct or indirect controlling shareholders

Not applicable.

d.(i) the Company's officers and directors and (ii) the officers and directors of any of the Company's controlling shareholders, whether direct or indirect

None

12.10. Subordination, service rendering or control relationships kept, over the last 3 fiscal years, between the Company's management and:

1. any of the Company's direct or indirect subsidiaries, except those in which the issuer holds, directly or indirectly, the entire share capital

None.

1. any of the Company's direct or indirect controlling shareholder

None.

1. if material, any supplier, customer, debtor or creditor of the Company, its subsidiary or controlling shareholders or the subsidiaries of any of the foregoing

None.