MARKET
ANNOUNCEMENT
Ultrapar
Participações S.A. (“Ultrapar”), together with its subsidiaries
Refinaria de Petróleo Ipiranga S.A. (“RPI”), Distribuidora de Produtos de
Petróleo Ipiranga S.A. (“DPPI”) and Companhia Brasileira de Petróleo
Ipiranga (“CBPI”), hereby announce that the deadline for their respective
shareholders to dissent and exercise their appraisal rights with
respect to the deliberations at the Extraordinary General Shareholders
Meeting
held on December 18, 2007, at which the exchange of RPI, DPPI and CBPI
shares
for Ultrapar shares was approved, expired on January 21, 2008, pursuant to
Article 137 of Brazilian Corporate Law, with no shareholders having exercised
appraisal rights.
Ultrapar
also
announces that its management will not be calling an Extraordinary General
Shareholder Meeting to reconsider the share exchange that was approved,
and that
the shares of RPI, DPPI and CBPI will cease to be traded on the São Paulo Stock
Exchange (“BOVESPA”) on January 23, 2008 and the former shareholders from these
companies will become shareholders of Ultrapar, whose shares are traded
on
BOVESPA under the ticker code UGPA4.
Pursuant
to the
share exchange, RPI Shareholders received 0.79850 preferred share of Ultrapar
for every 1 (one) share of RPI; DPPI shareholders received 0.64048
preferred share of Ultrapar for every 1 (one) share of DPPI and CBPI
shareholders received 0.41846 preferred shares of Ultrapar for every 1
(one)
share of CBPI.
Fractional
shares
resulting from the share exchange will be sold at an auction to be held
on the
BOVESPA and the amount resulting from the sale will be made available for
the
respective shareholders after the final settlement of the shares sold at
the
auction.
São
Paulo, 22
January 2008.
André
Covre
Investor
Relations Director
Ultrapar
Participações S.A.
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Sergio
Roberto
Weyne Ferreira
da
Costa
Investor
Relations Director
Refinaria
de Petróleo
Ipiranga
S.A.
|
Sergio
Roberto
Weyne Ferreira
da
Costa
Investor
Relations Director
Distribuidora
de Produtos de
Petróleo
Ipiranga S.A.
|
Sergio
Roberto
Weyne Ferreira
da
Costa
Investor
Relations Director
Companhia
Brasileira de
Petróleo
Ipiranga
|
This
document
relates to a proposed transaction involving Ultrapar Participações S.A.
(“Ultrapar”), Refinaria de Petróleo Ipiranga S.A. (“RPI”), Distribuidora de
Produtos de Petróleo Ipiranga S.A. (“DPPI”) and Companhia Brasileira de Petróleo
Ipiranga (“CBPI” and together with RPI and DPPI, the “Target Companies”). In
connection with the proposed transaction, Ultrapar has filed with the
Securities
and Exchange Commission (“SEC”) a registration statement on Form F-4 (File no.
333-146406) (the “Registration Statement”) to register Ultrapar preferred shares
to be issued in the proposed transaction and that includes a prospectus
of
Ultrapar. Ultrapar has also filed, and intends to continue to file, additional
relevant materials with the SEC. The Registration Statement and the related
prospectus contain important information about Ultrapar, the Target Companies,
the proposed transaction and related matters. Investors will be able
to obtain
copies of the offering document and other documents from the SEC's Public
Reference Room at 100 F Street N.E., Washington D.C., 20549. Please call
the SEC
at 1-800-SEC-0330 for further information on the Public Reference Room.
The
documents may also be obtained from the website maintained by the SEC
at
http://www.sec.gov, which contains reports and other information regarding
registrants that file electronically with the SEC. Ultrapar has also
filed
certain documents with the Comissão de Valores Mobiliários, the Brazilian
securities commission, which are available on the CVM’s website at
http://www.cvm.gov.br. In addition, documents (including any exhibits)
filed
with the SEC or CVM by Ultrapar will be available free of charge from
the
Investor Relations office of Ultrapar Participações S.A., located at Avenida
Brigadeiro Luis Antonio, 1343, 9º Andar São Paulo, SP, Brazil 01317-910, tel:
011-55-11-3177-6695. SHAREHOLDERS OF THE TARGET COMPANIES ARE URGED TO
READ THE
REGISTRATION STATEMENT AND ANY OTHER RELEVANT DOCUMENTS FILED WITH THE
SEC,
INCLUDING THE PROSPECTUS, BECAUSE THEY CONTAIN IMPORTANT INFORMATION
ABOUT THE
PROPOSED TRANSACTION.