Ultrapar Participacoes : Material notice - Ultrapar informs about the progress of the analysis related to the acquisition of Liquigás

Publicly Traded Company CNPJ nº 33.256.439/0001- 39 NIRE 35.300.109.724

São Paulo, Brazil, August 28, 2017 - Ultrapar Participações S.A. hereby informs its shareholders and the market in general about the progress of the analysis conducted by the General Superintendence of the Administrative Council of Economic Defense ("SG- CADE") on the Concentration Act No. 08700.002155/2017-51 related to the acquisition of Liquigás Distribuidora S.A. by Companhia Ultragaz S.A.

On this date, SG-CADE's analysis phase of the transaction was completed and the case must be submitted to the Court of Appeals of Brazil's antitrust authority (CADE's Court of Appeals) in the next days, according to the procedures set forth in article 57, II, Law No. 12,529/2011.

In accordance with the Technical Opinion issued by the SG-CADE, competition-related concerns were identified leading SG-CADE to submit to CADE's Court of Appeals its recommendation to present an objection blocking the transaction. CADE's Court of Appeals is responsible for assessing the case and identifying any conditions to be complied with in order to eliminate said competition-related concerns.

The SG-CADE's opinion is not binding and CADE's Court of Appeals has the final decision on the case.

The Company will continue to pursue the approval of the transaction within the CADE's Court of Appeals in order to eliminate the competition-related concerns pointed out by SG-CADE.

Ultrapar will maintain its shareholders and the market informed about the matter hereby referred to.

Chief Financial and Investor Relations Officer Ultrapar Participações S.A.