Ultrapar Participacoes : Call notice - Annual and Extraordinary General Shareholders' Meeting 04/19/2017

CNPJ nr33.256.439/ 0001- 39

NIRE 35.300.109.724

The shareholders are hereby invited to attend the Annual and Extraordinary General Shareholders' Meeting of Ultrapar Participações S.A. ("Ultrapar" or the "Company"), to be held on April 19, 2017, at 4:00 p.m., in the Company's headquarters, located at Av. Brigadeiro Luís Antônio, nr 1343, 9th floor, in the City and State of São Paulo (the "Shareholders' Meeting"), in order to vote on the following matters:

1. Annual General Shareholders Meeting

2. Analysis and approval of the Management Report, Management accounts and financial statements of the fiscal year ended on December 31, 2016, together with the report from the Independent Auditors and the opinion from the Fiscal Council;

3. Allocation of net earnings for the fiscal year ended on December 31, 2016;

4. Setting of the number of members to be elected to the Board of Directors;

5. Election of the members of the Board of Directors;

6. Approval of the Management's compensation;

7. Based on the request for installation of the Fiscal Council submitted by shareholders representing more than 2% (two percent) of the voting shares issued by the Company, pursuant to article 161 of the Brazilian Corporate Law and CVM Instruction 324/00:

8. Election of the effective and alternate members of the Fiscal Council; and

9. Approval of their compensation.

10. Extraordinary Shareholders Meeting

11. Proposal for a new stock-based compensation plan;

12. Incorporation of the total amount registered in the retained profits reserve, which will

    result in Ultrapar's capital increase, without the issuance of new shares; and

13. Amendment and consolidation of Ultrapar's Bylaws.

14. Election of the members of the Board of Directors - Procedure to request the adoption of cumulative vote

    The minimum percentage of voting capital necessary for requesting the adoption of cumulative vote for the election of members of the Board of Directors is 5% (five percent) of the voting shares, according to CVM Instruction 165/91, amended by CVM Instruction 282/98.

    Pursuant article 21 of the Company's Bylaws and article 141, paragraph 1 of the Brazilian Corporate Law, such option shall be exercised by shareholders up to 48 (forty eight) hours prior to the Meeting.

    Attendance at the Meeting

    The shareholders, including holders of American Depositary Receipts ("ADRs"), of the Company may attend the Meeting in person or represented by proxies, upon the fulfilment of the requirements for attendance provided for in article 12 of the Company's Bylaws, presenting the documents listed under items Individual Shareholder, Corporate Shareholder and Investment Funds below. The status of shareholder will be evidenced by submitting a statement issued by the bookkeeping institution or by the custodian institution, indicating the number of shares held by them up to three days prior to the Meeting.

    The Company will adopt for this Shareholders' Meeting the remote voting system in accordance with CVM Instruction 481/09, allowing its shareholders to send, through their respective custodian institution or bookkeeping institution or directly to the Company, a Remote Voting Form, as provided by the Company together with other documents to be discussed at the Shareholders' Meeting. The Company informs that the instructions for the exercise of the remote voting are described in the Manual for Shareholders' Participation.

    Holders of ADRs will be represented at the Meeting by the custodian of underlying shares of the ADRs pursuant to the terms of the deposit agreement, dated December 16, 1999, as amended ("Deposit Agreement"). The procedures for exercising voting rights in connection with the ADRs will be specified in a communication to be delivered to ADR holders by the depositary institution, pursuant to the terms of the Deposit Agreement.

    Individual Shareholder

    • Original or certified copy of a photo identification (ID, Alien Resident Card, driver's license, officially recognized work card, or passport, in case of non-Brazilians); and

    • Original or certified copy of the power-of-attorney, if applicable, and a photo identification of the proxy.

      Corporate Shareholder

    • Certified copy of the most recent consolidated bylaws or articles of incorporation and of the corporate action granting power of attorney (minutes of the meeting of election of the board members and/or power of attorney);

    • Original or certified copy of photo identification of the proxy or proxies; and;

    • Original or certified copy of the power of attorney, if applicable, and photo identification of the proxy.

      Investment Funds

    • Evidence of the capacity of fund manager conferred upon the individual or legal entity representing the shareholder at the Shareholders' Meeting, or the proxy granting such powers;

    • The corporate action of the manager, in case it is a legal entity, granting powers to the representative attending the Shareholders' Meeting or to whom the power of attorney has been granted; and

    • In the event the representative or proxy is a legal entity, the same documents referred to in "Corporate Shareholder" must be presented to the Company.

    The documents listed above must be sent to the Investor Relations Department until 4:00 p.m. of April 17, 2017.

    Availability of Documents and Information

    In accordance with Ultrapar's Bylaws and with article 6 of CVM Instruction 481/09, the documents and information regarding the matters to be approved, as well as the General and Extraordinary Shareholders' Meeting Manual and other relevant information and documents to the exercise of voting rights in the Meeting, were filed with the CVM and are available in CVM website

    ( www.c v m . g o v . b r), in the Company's headquarters, in the BM&FBOVESPA website

    ( w w w .bmf bov e s pa.co m . br) and in the Company's website ( www.u l t r a . c om. b r) .

    São Paulo, March 17, 2017.

    PAULO GUILHERME AGUIAR CUNHA

    Chairman of the Board of Directors