Ultrapar is Assigned Investment Grade Rating by Standard & Poor’s

SAO PAULO, Oct. 23 /PRNewswire-FirstCall/ — ULTRAPAR PARTICIPACOES S.A.
(NYSE: UGP; BM&FBOVESPA: UGPA4) hereby announces that the rating agency
Standard & Poor’s Ratings Services (Standard & Poor’s) assigned Ultrapar its
BBB- rating (global scale) and brAAA (Brazil national scale), equivalent to
investment grade.

According to Standard & Poor’s, the ratings assigned to Ultrapar reflect
its resilient results supported by its strong brands and leading position in
LGP distribution and specialty chemicals; strategic diversification into the
fuel distribution business with relevant market share; relatively stable cash
generation and intermediate financial profile.

This is the second rating equivalent to investment grade that Ultrapar has
received. The first investment grade rating was assigned by the credit rating
agency Moody’s Investors Service in May 2008.

    Andre Covre
    Chief Financial and Investor Relations Officer
    Ultrapar Participacoes S.A.
    55-11-3177-7014

SOURCE Ultrapar Participacoes S.A.