SAO PAULO, Brazil, Nov. 5 /PRNewswire-FirstCall/ -- Ultrapar Participacoes S.A. (NYSE: UGP; BOVESPA: UGPA4), a company engaged in fuels distribution (Ultragaz/Ipiranga), the production of chemicals (Oxiteno), as well as integrated solutions for special bulk cargo (Ultracargo), hereby reports its results for the third quarter of 2008.

In August 2008 we announced the signing of an agreement to acquire the Texaco branded fuels marketing business in Brazil, consolidating our number 2 ranking position in the Brazilian market and reaching nationwide coverage. In October we closed the acquisition of Uniao Terminais, announced in June, for the operations in Santos and Rio de Janeiro. In the third quarter of 2008, our results again progressed positively, reporting growth in sales volume, EBITDA and net earnings.



    -- ULTRAPAR'S REVENUES GREW IN ALL BUSINESS UNITS IN 3Q08 COMPARED TO 3Q07
    -- ULTRAPAR'S EBITDA REACHED R$ 263 MILLION IN 3Q08, UP 20% AND 6% ON
       3Q07 AND 2Q08, RESPECTIVELY
    -- NET EARNINGS REACHED R$ 117 MILLION, 374% AND 12% HIGHER THAN 3Q07
       AND 2Q08, RESPECTIVELY

"It was with great pleasure that we accomplished another important stage in our business growth plan during this quarter with the acquisition of Texaco, taking Ultrapar up to a new level of size and scale. This acquisition, combined with the acquisition of Uniao Terminais and the additional production capacity at Oxiteno coming on stream, give us prospects of significant gains over the next years through operational improvement, larger operational scale and the capture of synergies, reinforcing the company's strength and resilience and placing it in a good position to face a more challenging economic environment, which is likely to take place in 2009," said Pedro Wongtschowski - CEO.



    Results Conference Call

    National Conference Call
    Date: November 7, 2008
    11:00 a.m. (local time) / 8:00 a.m. (U.S. EST)
    Telephone for connection: 55 11 2188-0188
    Code: Ultrapar

    International Conference Call
    Date: November 7, 2008
    12:30 p.m. (local time) / 9:30 a.m. (U.S. EST)
    Participants in Brazil: 0800 891 0015
    U.S. Participants: 1(800) 860-2442
    International Participants: + 1(412) 858-4600
    Code: Ultrapar

SOURCE Ultrapar Participacoes S.A.