Ultrapar Participações S A : Yes ________ No ____X____

Yes ________ No ____X____

ULTRAPAR HOLDINGS INC.

TABLE OF CONTENTS

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ITEM
	1. Board of Directors minutes

(Minutes of the Meeting of the Board of Directors of Ultrapar Participações S.A., held on May 5, 2021)

ULTRAPAR PARTICIPAÇÕES S.A.

Publicly Traded Company

CNPJ nº 33.256.439/0001-39

NIRE 35.300.109.724

MINUTES OF THE MEETING OF THE BOARD OF DIRECTORS

Date, Hour and Place:

May 5, 2021, at 2:30 pm, at the company's headquarter, located on Av. Brigadeiro Luís Antônio, nr. 1,343, 9th. floor, in the City and State of São Paulo, with attendance also allowed via Microsoft Teams.

Members in Attendance:

(i) Members of the Board of Directors undersigned; (ii) Secretary of the Board of Directors, Mr. André Brickmann Areno; (iii) Chief Executive Officer, Mr. Frederico Pinheiro Fleury Curado; (iv) Chief Financial and Investor Relations Officer, Mr. Rodrigo de Almeida Pizzinatto; (v) other executive officers of the Company, Mrs. Décio de Sampaio Amaral, João Benjamin Parolin, Marcelo Pereira Malta de Araújo and Tabajara Bertelli Costa; and (vi) in relation to item 1 of the agenda, the president of the Fiscal Council, Mr. Flávio Cesar Maia Luz.

Matters discussed and resolutions:

	1.	After having analyzed and discussed the performance of the Company in the first quarter of the current fiscal year, the respective financial statements were approved.
	2.	The members of the Board of Directors approved the fees proposal of KPMG Auditores Independentes to provide auditing services for the 2021 financial statements, as proposed by the Executive Board and the Company's Audit and Risks Committee.

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

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

Pedro Wongtschowski-Chairman

Lucio de Castro Andrade Filho-Vice-Chairman

Alexandre Teixeira de Assumpção Saigh

Ana Paula VitaliJanesVescovi

FláviaBuarque de Almeida

Jorge Marques de Toledo Camargo

José Galló

José Luiz Alquéres

José Mauricio Pereira Coelho

Marcos Marinho Lutz

Otávio Lopes CastelloBrancoNeto

André Brickmann Areno-Secretary