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<SEC-DOCUMENT>0000950103-05-001742.txt : 20050721
<SEC-HEADER>0000950103-05-001742.hdr.sgml : 20050721
<ACCEPTANCE-DATETIME>20050721113109
ACCESSION NUMBER:		0000950103-05-001742
CONFORMED SUBMISSION TYPE:	6-K
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20050720
FILED AS OF DATE:		20050721
DATE AS OF CHANGE:		20050721

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			ULTRAPAR HOLDINGS INC
		CENTRAL INDEX KEY:			0001094972
		STANDARD INDUSTRIAL CLASSIFICATION:	NATURAL GAS DISTRIBUTION [4924]
		IRS NUMBER:				000000000
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		6-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-14950
		FILM NUMBER:		05965338

	BUSINESS ADDRESS:	
		STREET 1:		AV BRIGADERIO LUIZ ANTONIO 1343
		STREET 2:		9 ANDAR SAO PAULO
		CITY:			SP BRAZIL 01350-900
		STATE:			D5
		ZIP:			00000

	MAIL ADDRESS:	
		STREET 1:		CT CORPORATION SYSTEM
		STREET 2:		1633 BROADWAY
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10019
</SEC-HEADER>
<DOCUMENT>
<TYPE>6-K
<SEQUENCE>1
<FILENAME>jul2005_6k.htm
<TEXT>
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   <TITLE></TITLE>
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<P align="center"> <B><FONT size=3 face="Times New Roman, Times, serif">Form 6-K</FONT></B> </P>
<P align="center"> <font size="3" face="Times New Roman, Times, serif"><B>SECURITIES AND EXCHANGE COMMISSION<br>
  </B></font><font size="3" face="Times New Roman, Times, serif"><B>Washington, D.C. 20549 </B> </font></P>
<P align="center"> <font size="3" face="Times New Roman, Times, serif"><B>Report Of Foreign Private Issuer<br>
  Pursuant To Rule 13a-16 Or 15d-16 Of<br>
  The Securities Exchange Act Of 1934 </B></font><font size="2" face="Times New Roman, Times, serif"> </font></P>
<P align="center"> <FONT size="2" face="Times New Roman, Times, serif">For the month of July, 2005 </FONT></P>
<P align="center"> <FONT size="2" face="Times New Roman, Times, serif">Commission File Number: 001-14950</FONT><FONT size="3" face="Times New Roman, Times, serif"> </FONT> </P>
<BR>
<table width="100%"  border="0" cellspacing="0" cellpadding="0">
  <tr>
    <td align="center"><font size="3" face="Times New Roman, Times, serif"><B>ULTRAPAR HOLDINGS INC.<br>
      </B></font><FONT size=1 face="Times New Roman, Times, serif">(Translation of Registrant&#146;s Name into English)</FONT><FONT size=2 face="Times New Roman, Times, serif"><B> </B> </FONT></td>
  </tr>
  <tr>
    <td align="center"><hr align="left" width=100% size=1 noshade color="#000000"></td>
  </tr>
  <tr>
    <td align="center">&nbsp;</td>
  </tr>
  <tr>
    <td align="center"><font size="2" face="Times New Roman, Times, serif"><B>Avenida Brigadeiro Luis Antonio, 1343, 9&ordm;</B> <B>Andar<br>
      S&atilde;o Paulo, SP, Brazil 01317-910<br>
                </B></font><FONT size=1 face="Times New Roman, Times, serif">(Address of Principal Executive Offices)</FONT></td>
  </tr>
  <tr>
    <td align="center"><hr align="left" width=100% size=1 noshade color="#000000"></td>
  </tr>
</table>
<blockquote>
  <blockquote>
    <p> <FONT size="2" face="Times New Roman, Times, serif">Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F: </FONT> </p>
  </blockquote>
</blockquote>
<div align=center>
  <table width="50%" border=0 cellpadding=0 cellspacing=0>
    <tr align="center">
      <td width="45%" align="left" valign="top"><font size="2" face="Times New Roman, Times, serif">Form 20-F <u>&nbsp;&nbsp;X&nbsp;&nbsp;</u> </font></td>
      <td width="10%" align="left" valign="top"><font size="2" face="Times New Roman, Times, serif">&nbsp;</font></td>
      <td width="200" align="left" valign="top"><font size="2" face="Times New Roman, Times, serif">Form 40-F <u>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</u></font></td>
    </tr>
  </table>
</div>
<blockquote>
  <blockquote>
    <p> <FONT size="2" face="Times New Roman, Times, serif">Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1):</FONT> </p>
  </blockquote>
</blockquote>
<div align=center>
  <div align=center>
    <table width="50%" border=0 cellpadding=0 cellspacing=0>
      <tr align="center">
        <td width="45%" align="left" valign="top"><font size="2" face="Times New Roman, Times, serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Yes <u>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</u></font></td>
        <td width="10%" align="left" valign="top"><font size="2" face="Times New Roman, Times, serif">&nbsp;</font></td>
        <td width="45%" align="left" valign="top"><font size="2" face="Times New Roman, Times, serif">No <u>&nbsp;&nbsp;X&nbsp;&nbsp;</u></font></td>
      </tr>
    </table>
  </div>
</div>
<blockquote>
  <blockquote>
    <p> <FONT size="2" face="Times New Roman, Times, serif">Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7):</FONT> </p>
  </blockquote>
</blockquote>
<div align=center>
  <div align=center>
    <table width="50%" border=0 cellpadding=0 cellspacing=0>
      <tr align="center">
        <td width="45%" align="left" valign="top"><font size="2" face="Times New Roman, Times, serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Yes <u>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</u></font></td>
        <td width="10%" align="left" valign="top"><font size="2" face="Times New Roman, Times, serif">&nbsp;</font></td>
        <td width="45%" align="left" valign="top"><font size="2" face="Times New Roman, Times, serif">No <u>&nbsp;&nbsp;X&nbsp;&nbsp;</u></font></td>
      </tr>
    </table>
  </div>
</div>
<blockquote>
  <blockquote>
    <p> <FONT size="2" face="Times New Roman, Times, serif">Indicate by check mark whether by furnishing the information contained in this Form, the Registrant is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934: </FONT> </p>
  </blockquote>
</blockquote>
<div align=center>
  <div align=center>
    <table width="50%" border=0 cellpadding=0 cellspacing=0>
      <tr align="center">
        <td width="45%" align="left" valign="top"><font size="2" face="Times New Roman, Times, serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Yes <u>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</u></font></td>
        <td width="10%" align="left" valign="top"><font size="2" face="Times New Roman, Times, serif">&nbsp;</font></td>
        <td width="45%" align="left" valign="top"><font size="2" face="Times New Roman, Times, serif">No <u>&nbsp;&nbsp;X&nbsp;&nbsp;</u></font></td>
      </tr>
    </table>
  </div>
</div>
<blockquote>
  <blockquote>
    <p> <FONT size="2" face="Times New Roman, Times, serif">If &#147;Yes&#148; is marked, indicate below the file number assigned to the registrant in connection with Rule 12g3-2(b): <U>N/A</U><B> </B></FONT></p>
  </blockquote>
</blockquote>
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<P align="center"> <B><FONT size="2" face="serif">ULTRAPAR HOLDINGS INC.</FONT></B> </P>
<P align="center"> <font size="2"><B><FONT size=2 face="serif">TABLE OF CONTENTS </FONT></B> </font></P>
<div align="center">
  <TABLE width="90%" border=0 cellspacing=0 cellpadding=0>
    <TR valign="bottom">
      <TD colspan=3 align="left"><font size="2"><B><FONT size=2 face="serif">ITEM</FONT></B></font></TD>
      <TD width="12%" align="center" nowrap><font size="2"><B><B><B><FONT size=2 face="serif">SEQUENTIAL</FONT></B> <FONT size=2 face="serif"><br>
        PAGE</FONT></B> <FONT size=2 face="serif"><br>
        NUMBER</FONT></B></font></TD>
      <TD width="3%"><font size="2">&nbsp;</font></TD>
    </TR>
    <TR>
      <TD colspan=4><HR noshade size=1></TD>
      <TD width="3%"><font size="2">&nbsp;</font></TD>
    </TR>
    <TR>
      <TD width="5%" align="center" valign="top"><b><font size="2" face="serif">1.</font></b></TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="78%" align="left"><B> <strong><font size="2">Minutes of the Extraordinary  General Meeting,
              July 20, 2005</font></strong></B></TD>
      <TD align="center"><font size="2"><strong>3</strong></font></TD>
      <TD><font size="2">&nbsp;</font></TD>
    </TR>
    <TR>
      <TD align="center" valign="top"><b><font size="2" face="serif">2.</font></b></TD>
      <TD>&nbsp;</TD>
      <TD align="left"> <strong><font size="2"> <B><strong><font size="2">Notice to Shareholders</font></strong></B> -
            Reverse Split of Shares</font></strong></TD>
      <TD align="center"><font size="2"><strong>22</strong></font></TD>
      <TD><font size="2">&nbsp;</font></TD>
    </TR>
  </TABLE>
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<div align="right">
  <p><b><FONT size=2 face="serif"><br>
    <br>
  ITEM 1</font></b></p>
  <p align="center">    <B><FONT size=2 face="serif">ULTRAPAR PARTICIPA&Ccedil;&Otilde;ES S.A.</FONT></b></p>
</div>
<P align="center">
<B><FONT size=2 face="serif">Publicly-Held Company with Authorized Capital </FONT></B></P>
<TABLE width=95% border=0 cellspacing=0 cellpadding=0>
<TR valign="bottom">
        <TD width=50% align=center>
<FONT size=2 face="serif">CNPJ No. 33.256.439/0001-39</FONT>
        </TD>
        <TD width=50% align=center>
<FONT size=2 face="serif">NIRE 35.300.109.724</FONT>
        </TD>
</TR>
</TABLE>

<P align="center">
<B><FONT size=2 face="serif">Minutes of the Extraordinary General Meeting </FONT></B></P>
<P>
<B><FONT size=2 face="serif">Date, Time and Place:</FONT></B><FONT size=2 face="serif"> <br>
</FONT><FONT size=2 face="serif">July
20, 2005, at 2:30 p.m., at the company&#146;s headquarters, located at Av. Brigadeiro Luiz Ant&ocirc;nio,
n&ordm; 1343 &#150; 9&ordm; andar, in the City of S&atilde;o Paulo. </FONT></P>
<P>
<B><FONT size=2 face="serif">Attendance:</FONT></B><FONT size=2 face="serif"> <br>
</FONT><FONT size=2 face="serif">Shareholders
holding more than 2/3 of the Company&#146;s voting capital. </FONT></P>
<P>
<B><FONT size=2 face="serif">Meeting Convening Notice: <br>
</FONT></B>
<FONT size=2 face="serif">Published in the Official Gazette of the State of S&atilde;o Paulo on July
1, 2, and 5, 2005 and in newspaper &#147;Valor Econ&ocirc;mico&#148; on July 1, 4, and 5, 2005. </FONT></P>
<P>
<B><FONT size=2 face="serif">Organization: <br>
</FONT></B><FONT size=2 face="serif">Chairman: Gilberto Tamm
Barcellos Correa <br>
Secretary: Elizabeth Akemi Ishii Kodato </FONT></P>
<P>
<B><FONT size=2 face="serif">Agenda:</FONT></B><FONT size=2 face="serif"> <br>
</FONT><FONT size=2 face="serif">As
specified in the published </FONT><B><FONT size=2 face="serif">Meeting Convening Notice</FONT></B><FONT size=2 face="serif">. </FONT></P>
<P>
<B><FONT size=2 face="serif">Resolutions: </FONT></B></P>
<TABLE width=95% border=0 cellspacing=0 cellpadding=0>
<TR>
        <TD width="5%" align="left" valign=top nowrap>
<B><FONT size=2 face="serif">1.</FONT></B></TD>
        <TD width="95%" align="left" valign="top">
<FONT size=2 face="serif">Approve the amendment to the Bylaws in accordance to the requirements of Sarbanes-Oxley Act through the adoption of a permanent Fiscal Council, which will act as an Audit Committee as</FONT>        </TD>
</TR>
</TABLE>

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<blockquote>
  <p>
    <FONT size=2 face="serif">provided in the above-mentioned legislation. Accordingly, Articles 32 and 33 of the Bylaws are amended to read as follows: </FONT></p>
  <blockquote>
    <p>
      <B><FONT size=2 face="serif"> &#147;Article 32</FONT></B><FONT size=2 face="serif"> &#150; The Company shall have a permanent Fiscal Council composed of no less than three and no more than five members, and a like number of alternates, with such duties, powers,
      and compensation as provided by law, with a term of office of one (1) year, with reelection allowed. </FONT></p>
    <p>
      <B><FONT size=2 face="serif">Paragraph 1</FONT></B><FONT size=2 face="serif"> &#150; The Fiscal Council shall hold regular meetings quarterly and extraordinary meetings as necessary, and the meeting minutes shall be recorded in a proper book. </FONT></p>
    <p>
      <B><FONT size=2 face="serif">Paragraph 2</FONT></B><FONT size=2 face="serif"> &#150; Its members shall be subject to such obligations and prohibitions as imposed by law and by these Bylaws on the Company&#146;s managers. </FONT></p>
    <p>
      <B><FONT size=2 face="serif">Article 33 &#150;</FONT></B><FONT size=2 face="serif"> In addition to the activities provided in the Brazilian legislation, the Fiscal Council shall act as an Audit Committee as defined in Sarbanes-Oxley Act. </FONT></p>
    <p>
      <B><FONT size=2 face="serif">Sole Paragraph &#150; </FONT></B><FONT size=2 face="serif">For the full performance of the duties in the Audit Committee, the requirements provided in the applicable legislations, the provisions of these Bylaws, and the Charter of the
      Fiscal Council shall be observed, which Charter shall establish its powers and operating rules. </FONT></p>
  </blockquote>
</blockquote>
<TABLE width=95% border=0 cellspacing=0 cellpadding=0>
<TR>
        <TD width="5%" align="left" valign=top nowrap>
<B><FONT size=2 face="serif">2.</FONT></B></TD>
        <TD width="95%" align="left" valign="top">
<FONT size=2 face="serif">Whereas the Fiscal Council created hereunder shall assume the Audit Committee duties as provided in the applicable legislation, the Fiscal Council shall appoint independent auditors to the Board of Directors of the Company.
Therefore, item &#147;l&#148; of Article 20 of the Bylaws shall read as follows:</FONT> </TD>
</TR>
</TABLE>
<blockquote>
  <blockquote>
    <blockquote>
      <p>
        <FONT size=2 face="serif"> &#147;</FONT><B><FONT size=2 face="serif">Article 20</FONT></B><FONT size=2 face="serif"> It is the responsibility of the Board of Directors: </FONT></p>
    </blockquote>
  </blockquote>
</blockquote>
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<blockquote>
  <blockquote>
    <blockquote>
      <p>
        <FONT size=2 face="serif">I) to select and remove Independent Auditors upon nomination by the Audit Committee;&#148; </FONT></p>
    </blockquote>
  </blockquote>
</blockquote>
<TABLE width=95% border=0 cellspacing=0 cellpadding=0>
<TR>
        <TD width="5%" align="left" valign=top nowrap>
<B><FONT size=2 face="serif">3.</FONT></B></TD>
        <TD width="95%" align="left" valign="top">
<FONT size=2 face="serif">To elect and approve the individuals identified below as members of the Fiscal Council, who shall hold offices until the Annual General Meeting of 2006 to be held to approve the management accounts for the fiscal year ended
December 31, 2005:</FONT>       </TD>
</TR>
<TR><TD width="5%" align="left" valign="top">&nbsp;</TD>
  <TD width="95%" align="left" valign="top">&nbsp;</TD>
</TR><TR>
<TD width="5%" align="left" valign="top">&nbsp;</TD>    <TD width="95%" align="left" valign="top">
<FONT size=2 face="serif">Regular Members:</FONT>       </TD>
</TR>
<TR><TD width="5%" align="left" valign="top">&nbsp;</TD>
  <TD width="95%" align="left" valign="top">&nbsp;</TD>
</TR><TR>
<TD width="5%" align="left" valign="top">&nbsp;</TD>    <TD width="95%" align="left" valign="top">
<FONT size=2 face="serif">Wolfgang Eberhard Rohrbach, German citizen, married, economist, CPF No. 016.771.448-15, resident and domiciled at Rua Marechal Deodoro, 135, 32d, Santo Amaro, S&atilde;o Paulo, State of S&atilde;o Paulo, representative of the
minority shareholders;</FONT>   </TD>
</TR>
<TR><TD width="5%" align="left" valign="top">&nbsp;</TD>
  <TD width="95%" align="left" valign="top">&nbsp;</TD>
</TR><TR>
<TD width="5%" align="left" valign="top">&nbsp;</TD>    <TD width="95%" align="left" valign="top">
<FONT size=2 face="serif">John Michael Streithorst, Brazilian citizen, married, consultant, Bachelor in Computer Science, CPF No. 001.186.767-17, resident and domiciled at Rua Tim&oacute;teo da Costa, 623, ap. 1701, Rio de Janeiro, State of Rio de Janeiro,
representative of the preferred shareholders;</FONT>    </TD>
</TR>
<TR><TD width="5%" align="left" valign="top">&nbsp;</TD>
  <TD width="95%" align="left" valign="top">&nbsp;</TD>
</TR><TR>
<TD width="5%" align="left" valign="top">&nbsp;</TD>    <TD width="95%" align="left" valign="top">
<FONT size=2 face="serif">Flavio C&eacute;sar Maia Luz, Brazilian citizen, married, civil engineer, CPF No. 636.622.138-34, resident and domiciled at Al. Canad&aacute;, 162, Alphaville 2, Barueri, State of S&atilde;o Paulo;</FONT>  </TD>
</TR>
<TR><TD width="5%" align="left" valign="top">&nbsp;</TD>
  <TD width="95%" align="left" valign="top">&nbsp;</TD>
</TR><TR>
<TD width="5%" align="left" valign="top">&nbsp;</TD>    <TD width="95%" align="left" valign="top">
<FONT size=2 face="serif">M&aacute;rio Probst, Brazilian citizen, married, accountant and business administrator, CPF No. 029.415.318-74, resident and domiciled at Rua Rob&eacute;lia, 614, Jardim Prud&ecirc;ncia, S&atilde;o Paulo, State of S&atilde;o
Paulo;</FONT>   </TD>
</TR>
</TABLE>

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<blockquote>
  <p>
    <FONT size=2 face="serif">Raul Murgel Braga, Brazilian citizen, married, lawyer, CPF No. 004.612.707 -06, resident and domiciled at Rua Joaquim Nabuco, 238, apt 702, Ipanema, Rio de Janeiro, State of Rio de Janeiro; </FONT></p>
  <p>
    <FONT size=2 face="serif">all of them being representatives of the controlling shareholders; </FONT></p>
  <p>
    <FONT size=2 face="serif">Alternate Members: </FONT></p>
  <p>
    <FONT size=2 face="serif">Nelson da Silva Gon&ccedil;alves</FONT><B><FONT size=2 face="serif">, </FONT></B><FONT size=2 face="serif">Brazilian citizen, married, economist, CPF No. 513.868.367 -53, resident and domiciled at Rua Joracy Camargo, 156, ap. 301, Jardim
    Guanabara, Ilha do Governador, State of Rio de Janeiro, representative of the minority shareholders; </FONT></p>
  <p>
    <FONT size=2 face="serif">Ricardo Jos&eacute; Arruda de Negreiros, Brazilian citizen, married, civil engineer and accountant, CPF No. 738488167-68, resident and domiciled at Rua Visconde de Piraj&aacute;, 303, ap. 805, Rio de Janeiro, State of Rio de
    Janeiro, representative of the preferred shareholders; </FONT></p>
  <p>
    <FONT size=2 face="serif">Argemiro Passetto Jr, Brazilian citizen, legally separated, business administrator, CPF No. 062.442.898 -20, resident and domiciled at Estrada Velha do Agua&ccedil;a&iacute;, 219, Cotia, State of S&atilde;o Paulo; </FONT></p>
  <p>
    <FONT size=2 face="serif">Katuyoshi Utiyama, Brazilian citizen, married, industrial engineer and business administrator, CPF No. 065.361.828 -04, resident and domiciled at Rua Dom Mac&aacute;rio, 1100, Jardim da Sa&uacute;de, S&atilde;o Paulo- State of
    S&atilde;o Paulo; </FONT></p>
  <p>
    <FONT size=2 face="serif">Pedro Ozires Predeus, Brazilian citizen, married, accountant, CPF No. 005.474.508 -00, resident and domiciled at Rua Marechal Hastimphilo de Moura, 338-C, apt 23-B, S&atilde;o Paulo, State of S&atilde;o Paulo; </FONT></p>
</blockquote>
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<TABLE width=95% border=0 cellspacing=0 cellpadding=0>
<TR>
<TD width="5%" align="left" valign="top">&nbsp;</TD>
<TD width="95%" align="left" valign="top">
<FONT size=2 face="serif">all of them being representatives of the controlling shareholders;</FONT>     </TD>
</TR>
<TR><TD width="5%" align="left" valign="top">&nbsp;</TD>
  <TD width="95%" align="left" valign="top">&nbsp;</TD>
</TR><TR>
<TD width="5%" align="left" valign="top">&nbsp;</TD>
<TD width="95%" align="left" valign="top">
<FONT size=2 face="serif">Upon inquiry, the members of the Fiscal Council declared that they have not been convicted of any offense that would prevent them from performing their duties of the office for which they were nominated, that they do not hold
offices in companies likely to compete with the Company in the same market, that they do not have any conflicting interests with the Company, and that their election is in accordance with the provisions of Articles 147 and 162 of Law No.
6404/76.</FONT> </TD>
</TR>
<TR><TD width="5%" align="left" valign="top">&nbsp;</TD>
  <TD width="95%" align="left" valign="top">&nbsp;</TD>
</TR><TR>
        <TD width="5%" align="left" valign=top nowrap>
<B><FONT size=2 face="serif">4.</FONT></B></TD>
        <TD width="95%" align="left" valign="top">
<FONT size=2 face="serif">To set the monthly compensation of members of the Fiscal Council at R$&nbsp;5,500.00 (five thousand and five hundred reais) per regular member.</FONT>        </TD>
</TR>
<TR><TD width="5%" align="left" valign="top">&nbsp;</TD>
  <TD width="95%" align="left" valign="top">&nbsp;</TD>
</TR><TR>
        <TD width="5%" align="left" valign=top nowrap>
<B><FONT size=2 face="serif">5.</FONT></B></TD>
        <TD width="95%" align="left" valign="top">
<FONT size=2 face="serif">To approve an amendment to Paragraph 1 of Article 5 of the Bylaws, which provides for the power of the Board of Directors to change the capital within the limits of the authorized capital, to read as follows:</FONT>       </TD>
</TR>
</TABLE>
<blockquote>
  <blockquote>
    <blockquote>
      <blockquote>
        <p align="left">
          <B><FONT size=2 face="serif"> &#147;Article 5.</FONT></B><FONT size=2 face="serif"> </FONT></p>
      </blockquote>
    </blockquote>
    <p>
      <B><FONT size=2 face="serif">Paragraph 1</FONT></B><FONT size=2 face="serif"> &#150; The Company is authorized to increase the capital without amendment to the Bylaws, by resolution of the Board of Directors, up to the limit of R$&nbsp;1,500,000,000.00 (one billion
        and five hundred million reais) through the issuance of common or preferred shares, regardless of the current ratio, subject to the limit of 2/3 (two-thirds) of preferred shares in the total shares issued.&#148; </FONT></p>
  </blockquote>
</blockquote>
<TABLE width=95% border=0 cellspacing=0 cellpadding=0>
<TR>
        <TD width="5%" align="left" valign=top nowrap>
<B><FONT size=2 face="serif">6.</FONT></B></TD>
        <TD width="95%" align="left" valign="top">
<FONT size=2 face="serif">To approve the reverse split of the Company&#146;s shares at the ratio of one thousand (1,000) shares with one (1) share, subject to the current types. Likewise, each ADS - American Depositary Shares, currently representing a lot
of one thousand (1,000) preferred shares shall represent one (1) preferred share. As a result of the reverse split, the</FONT>  </TD>
</TR>
</TABLE>

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<blockquote>
  <p>
    <FONT size=2 face="serif">shareholders who wish to adjust their fractions shall have a period ending on August 22, 2005, inclusive, to negotiate with each other the fractions required to complete one share. Upon the expiration of the period for adjustment
    of positions, any fractions of shares resulting from the reverse split shall be sold at auction to be held on the S&atilde;o Paulo Stock Exchange on September 2, 2005, and shall be acquired by the controlling shareholder Ultra S.A.
    Participa&ccedil;&otilde;es if there are no other interested purchasers. The proceeds of the sale shall be credited pro rata into the bank accounts of the fraction holders after the final settlement of the sale, as follows: a) shareholders
    registered with Banco Ita&uacute; S.A. shall have the relevant amount credited directly into their bank account from September 12, 2005; b) the remaining shareholders shall attend any branch of Banco Ita&uacute; S.A. to receive the relevant amount
    from September 12, 2005; c) the amount corresponding to the shares under custody of CBLC &#150; Brazilian Settlement and Custody Company &#150; shall be credited directly to that company up to September 12, 2005, which will transfer it to the
    shareholders through the depositing brokerage houses. The shares shall be traded on the S&atilde;o Paulo Stock Exchange - Bovespa in blocks formed by reverse split from August 23, 2005. </FONT></p>
  <p>
    <FONT size=2 face="serif">As a result of the reverse split approved herein, the initial part of Article 5 of the Bylaws shall read as follows: </FONT></p>
  <blockquote>
    <p>
      <B><FONT size=2 face="serif"> &#147;Article 5</FONT></B><FONT size=2 face="serif"> &#150; The subscribed and paid-up capital is R$&nbsp;946,034,662.97 (nine hundred and forty-six million, thirty-four thousand, six hundred and sixty-two reais and ninety-seven
      centavos), divided into 81,325,409 (eighty-one million, three hundred and twenty-five thousand, four hundred and nine) shares without par value in registered form, including 49,429,897 (forty-nine million, four hundred and twenty-nine thousand,
      eight hundred and ninety-seven) common shares and 31,895,512 (thirty-</FONT></p>
  </blockquote>
</blockquote>
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<blockquote>
  <blockquote>
    <p>
      <FONT size=2 face="serif">one million, eight hundred and ninety-five thousand, five hundred and twelve) preferred shares". </FONT></p>
  </blockquote>
</blockquote>
<TABLE width=95% border=0 cellspacing=0 cellpadding=0>
<TR>
        <TD width="5%" align="left" valign=top nowrap>
<B><FONT size=2 face="serif">7.</FONT></B></TD>
        <TD width="95%" align="left" valign="top">
<FONT size=2 face="serif">As a result of the amendments to the bylaws made since August 27, 1999, to restate the Bylaws as follows:</FONT>      </TD>
</TR>
<TR><TD>&nbsp;</TD>
  <TD>&nbsp;</TD>
</TR></TABLE>
<P align="center">
<B><FONT size=2 face="serif">ULTRAPAR PARTICIPA&Ccedil;&Otilde;ES S.A. </FONT></B></P>
<TABLE width=95% border=0 cellspacing=0 cellpadding=0>
<TR valign="bottom">
        <TD width=50% align=center>
<FONT size=2 face="serif">CNPJ No. 33.256.439/0001-39</FONT>
        </TD>
        <TD width=50% align=center>
<FONT size=2 face="serif">NIRE 35.300.109.724</FONT>
        </TD>
</TR>
</TABLE>

<P align="center"><B><FONT size=2 face="serif">BYLAWS <br>
CHAPTER I </FONT></B></P>
<P align="center">
<B><FONT size=2 face="serif">Name, Head Office, Purpose and Duration </FONT></B></P>
<P>
<FONT size=2 face="serif">Article 1 &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Company shall be an authorized capital company called </FONT><B><FONT size=2 face="serif">ULTRAPAR PARTICIPA&Ccedil;&Otilde;ES S.A.</FONT></B><B><FONT size=2 face="serif"> </FONT></B></P>
<P>
<FONT size=2 face="serif">Article 2 &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Company&#146;s head office shall be in the City and State of S&atilde;o Paulo, at Av. Brigadeiro Luiz Antonio, No. 1342 - 9&ordm; andar. </FONT></P>
<P>
<FONT size=2 face="serif">Article 3 &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Company&#146;s purpose shall be the investment of its own capitals in the trade, industry and agriculture and in companies providing services, upon the subscription for or acquisition of shares or quotas in
companies. </FONT></P>
<P>
<FONT size=2 face="serif">Article 4 &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Company shall have an indeterminate term of duration. </FONT></P>
<P align="center"><B><FONT size=2 face="serif">CHAPTER II <br>
Capital and Shares</FONT></B><FONT size=2 face="serif"> </FONT></P>
<P>
<FONT size=2 face="serif">Article 5 - The subscribed and paid-up capital is R$&nbsp;946,034,662.97 (nine hundred
and forty-six million, thirty-four thousand, six hundred and sixty-two reais and ninety-seven centavos),
divided into 81,325,409 (eighty-one  million, three hundred and twenty-five thousand, four hundred and
nine) shares without par value in registered form, including 49,429,897 (forty-nine million, four hundred
and twenty-nine thousand, eight hundred and ninety-seven) common shares and  31,895,512 (thirty-one million,
eight hundred and ninety-five thousand, five hundred and twelve) preferred shares".</FONT></P>
<P><FONT size=2 face="serif">Paragraph
  1 &#150; The Company is authorized to increase the capital, without amendment
  to the bylaws, by resolution of the Board of Directors, up to the limit of </FONT></P>
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<P>
<FONT size=2 face="serif">R$&nbsp;1,500,000,000.00 (one billion and five hundred million
reais) through the issuance of common or preferred shares, regardless of the
current ratio, subject to the limit of 2/3 (two-thirds) of preferred shares in
the total of shares issued. </FONT></P>
<P>
<FONT size=2 face="serif">Paragraph 2 - Any capital increase to be paid in assets shall be submitted to the General Meeting&#146;s resolution. </FONT></P>
<P>
<FONT size=2 face="serif">Paragraph 3 - At the Board of Directors&#146; discretion, the preemptive rights in the issue of shares, debentures convertible into shares and subscription bonus, the placement of which be made upon the sale in stock exchanges or
by public subscription, may be excluded. </FONT></P>
<P><FONT size=2 face="serif">Article 6 &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The preferred shares are book-entry shares and shall be kept in
    a deposit account with a financial institution on behalf of the holders thereof, without issuance
    of warrants. </FONT></P>
<P>
<FONT size=2 face="serif">Sole Paragraph - The cost of the services of transfer, registration and issuance of common share warrant, as well as the cost of the service related to the shares kept in a custody cash account, may be debited to the shareholder.
</FONT></P>
<P>
<FONT size=2 face="serif">Article 7 &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;By a resolution of the Board of Directors, the Company may acquire its own shares to be kept in treasury or canceled up to the amount of the profit and reserve balance, except for the legal reserve, without any decrease
in the capital stock, subject to the laws in effect. </FONT></P>
<P>
<FONT size=2 face="serif">Article 8 &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Company may grant stock options to the benefit of its officers and employees under the terms of the stock option plan passed by the General Meeting, and said granting may likewise be offered to the officers and
employees of its directly and indirectly controlled entities. </FONT></P>
<P>
<FONT size=2 face="serif">Article 9 &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Subject to the legal limits, the Company may create new classes of preferred shares or increase those already existing, irrespective of any proportion to the other kinds and classes of shares. </FONT></P>
<P>
<FONT size=2 face="serif">Article 10 &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Each common share entitles to one vote in the General Meetings&#146; resolutions. </FONT></P>
<P>
<FONT size=2 face="serif">Article 11 &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The General Meeting may authorize the conversion of common shares into preferred shares upon any shareholders&#146; request, subject to the proportion provided for in law. </FONT></P>

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<P>
<FONT size=2 face="serif">Article 12 &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Preferred shares are not convertible into common shares; they have no voting right and entitle the holders thereof to dividends and stock dividends equal those attributed to common shares, in addition to priority in
capital refund, with no premium, in the event of the Company&#146;s liquidation. </FONT></P>
<P align="center"><B><FONT size=2 face="serif">CHAPTER III <br>
General Meetings</FONT></B><FONT size=2 face="serif"> </FONT></P>
<P>
<FONT size=2 face="serif">Article 13 &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The General Meeting shall be called by the Board of Directors on an annual basis within the first four months and after the closing of the fiscal year, and on a special basis whenever the Company&#146;s interest so
require. </FONT></P>
<P>
<FONT size=2 face="serif">Paragraph 1 - To take part in the General Meeting, the shareholders shall prove said capacity upon the submission of the deposit receipt issued by the financial institution depositary of the book-entry preferred shares, and, in
the event of common shares, upon verifying the book of registration of registered shares. </FONT></P>
<P>
<FONT size=2 face="serif">Paragraph 2 - The shareholder may be represented in
the General Meeting by an attorney-in-fact appointed less than one year before,
who should be a shareholder, a Company&#146;s manager, attorney or investment
fund manager  representing the members thereof.</FONT></P>
<P><FONT size=2 face="serif">Article 14 &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Except as otherwise
  provided for in law, the General Meetings shall be called to order on first
    call with the attendance of shareholders representing the majority capital
    with right to vote, and on second call with any attendance. </FONT></P>
<P>
<FONT size=2 face="serif">Article 15 &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Meetings shall be directed by a presiding board formed by one Presiding Officer and one or more secretaries chosen by the attending shareholders. </FONT></P>
<P align="center">
<B><FONT size=2 face="serif">CHAPTER IV <br>
Management General Rules </FONT></B></P>
<P>
<FONT size=2 face="serif">Article 16 &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Company shall be managed by a Board of Directors and an Executive Board. </FONT></P>

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<P>
<FONT size=2 face="serif">Paragraph 1 - The management term of the managers, who shall keep in office until the election and investiture of their substitutes, shall be one (1) year, reelection being permitted. </FONT></P>
<P>
<FONT size=2 face="serif">Paragraph 2 - The managers&#146; investiture, which shall not depend on pledge, shall be upon signature on a deed of investiture. </FONT></P>
<P>
<FONT size=2 face="serif">Paragraph 3 - The General Meeting, which has elected them, shall set the managers&#146; remuneration, which may be reviewed at any other meeting. </FONT></P>
<P align="center"><B><FONT size=2 face="serif">CHAPTER V <br>
Board of Directors</FONT></B><FONT size=2 face="serif"> </FONT></P>
<P align="left">
<FONT size=2 face="serif">Article 17 &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Board of Directors shall be formed by four (4) to seven (7) members, shareholders of the Company, elected by the General Meeting, which may also remove them from office at any time. </FONT></P>
<P align="left">
<FONT size=2 face="serif">Paragraph 1 - The General Meeting shall appoint among its members the Chairman of the Board and the Vice-Chairman, who shall replace the Chairman in his/her occasional non-attendance or absences. </FONT></P>
<P align="left">
<FONT size=2 face="serif">Paragraph 2 - In the event of election of a Director
resident and domiciled abroad, the investiture of said Director shall be conditional
on the appointment of an attorney-in-fact resident and domiciled in the country,
with powers  to be served summons in any suit that may be filed against him/her,
based on the corporation law. The validity term of the power of attorney shall
be at least equal to the term of legal forfeiture of the shares (article 287,
II, b, of Law No.  6.404/76) .</FONT></P>
<P align="left"><FONT size=2 face="serif">Article 18 &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Board of Directors shall
    meet on an annual basis once every three months, and on a special basis whenever
    called by its Chairman or by any two (2) Directors. </FONT></P>
<P align="left"><FONT size=2 face="serif">Article 19 &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Board of Directors&#146; meetings shall be called to order with the attendance of at least three Directors, one of whom shall be the Chairman or Vice-Chairman, and the resolutions shall
be adopted by majority vote, whereas it will be incumbent on the Chairman, or in his/her absence on the Vice-Chairman the deciding vote. Any Director temporarily impeded or absent may be represented in any vote upon written appointment by another
Director. In addition, the Directors absent may cast their </FONT></P>

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<P>
<FONT size=2 face="serif">vote by letter, cable or facsimile at the meetings at which there is the attendance quorum set forth in this article. </FONT></P>
<P>
<FONT size=2 face="serif">Sole Paragraph - In the event of any vacant position in the Board of Directors, said position shall be filled in at the first General Meeting to be held after the vacancy is verified. </FONT></P>
<P>
<FONT size=2 face="serif">Article 20 &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;It is the responsibility of the Board of Directors: </FONT></P>
<P><FONT size=2 face="serif">Article 20 &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;It shall be incumbent on the Board of Directors: </FONT></P>
<P><FONT size=2 face="serif">a) to set the
    Company&#146;s general business policy; </FONT></P>
<P><FONT size=2 face="serif">b) to call the General Meetings; </FONT></P>
<P><FONT size=2 face="serif">c) to elect and
        remove from office the Company&#146;s Officers and set their individual duties and fees, when the General Meeting decides on their overall remuneration; </FONT></P>
<P><FONT size=2 face="serif">d) to choose the Chief Executive Officer among their members; </FONT></P>
<P><FONT size=2 face="serif">e) to approve
      the increase in the subscribed capital and the form under which it shall occur, up to the limit
    of the authorized capital; </FONT></P>
<P><FONT size=2 face="serif">f) to submit to the General Meeting for approval the allocation of the
      net profit adjusted in the fiscal year, as referred to in letter &#147;c&#148; of article 35 hereof; </FONT></P>
<P><FONT size=2 face="serif">g) to oversee the Officers&#146; management; at any time examine the Company&#146;s books and papers; request information on any agreement already or about to be entered into and on any other acts; </FONT></P>
<P><FONT size=2 face="serif">h) to provide
                  opinion on the management report and on the Executive Board&#146;s accounts; </FONT></P>
<P><FONT size=2 face="serif">i) to approve the distribution of semi-annual or interim dividends; </FONT></P>
<P><FONT size=2 face="serif">j) to
      approve the holding of interest in other Companies; </FONT></P>
<P><FONT size=2 face="serif">k) to propose to the General Meeting the Company&#146;s winding-up, merger or consolidation under any form; </FONT></P>
<P><FONT size=2 face="serif">l) to choose and remove the Independent Auditors nominated by the Audit
    Committee; </FONT></P>
<P><FONT size=2 face="serif">m) to decide on any matters not regulated herein, and resolve on the omitted
    cases; </FONT></P>
<P><FONT size=2 face="serif">n) to appoint among the Officers that who shall perform the duties of Investor
    Relations Officer. </FONT></P>
<P><FONT size=2 face="serif">o) grant stock options to its officers and employees holding key positions
    in the Company and its controlled entities, with no preemptive right being granted to shareholders,
      in compliance with paragraph 3, article 171 of Law 6404/76, and establish a Stock Options </FONT></P>
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<P>
<FONT size=2 face="serif">Plan Management and Implementation Commission referred to in article 8 of these Bylaws. The Plan Management and Implementation Commission contemplated hereunder will be made up by such persons appointed by the Board of Directors,
which will further set the terms governing the operation of said commission. </FONT></P>
<P>
<FONT size=2 face="serif">Article 21 &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;It shall be incumbent on the Chairman of the Board of Directors: </FONT></P>
<P><FONT size=2 face="serif">a) To call the General Meeting whenever the Board of Directors so resolve,
    or exceptionally by its own initiative, case in which he/she shall then inform the call to all further
  Directors; </FONT></P>
<P><FONT size=2 face="serif">b) call and preside over the Board of Directors&#146; meetings; </FONT></P>
<P><FONT size=2 face="serif">c) inform the dates of the annual meetings and supervise the body&#146;s administrative services; and </FONT></P>
<P><FONT size=2 face="serif">d) to convey the Board of Directors&#146;
  resolutions to the Executive Board and guide it the compliance therewith. </FONT></P>
<P>
<FONT size=2 face="serif">Article 22 &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;It shall be incumbent on the Vice-Chairman to replace the Chairman on his/her occasional absences or impediments and, in the event of vacancy, to replace him/her up to the next General Meeting that shall elect the new
incumbent. </FONT></P>
<P align="center">
<B><FONT size=2 face="serif">CHAPTER VI <br>
Executive Board </FONT></B></P>
<P>
<FONT size=2 face="serif">Article 23 &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Executive Board shall be formed by four (4) to six (6) executive officers, shareholders or not, resident in the country, elected by the Board of Directors one of whom shall be the President, another the
Vice-President, and all the others Executive Officers, who, subject to the provisions of letter &#147;n&#148; of article 20, shall not have any specific designation. The Executive Board&#146;s resolutions shall be adopted by majority vote, whereas
it shall be incumbent on the President to cast the deciding vote. Sole Paragraph - The Board of Directors shall elect the Company's President and Vice-President among the executive Board's members. It shall be incumbent on the Vice-President to
replace the President in his/her occasional absences or impediments as well as to perform the specific duties assigned to him/her upon his/her appointment. </FONT></P>
<P>
<FONT size=2 face="serif">Article 24 &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Executive Board shall meet whenever the Company&#146;s interest so require, and the resolutions shall be adopted by majority vote, subject to a quorum of half of the elected members for the meeting to be called to
order. </FONT></P>

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<P>
<FONT size=2 face="serif">Article 25 &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;It shall be incumbent on the Executive Board to perform the acts required for the regular operation of the Company and management of its business, subject to the duties and guidelines set by the Board of Directors.
</FONT></P>
<P>
<FONT size=2 face="serif">Paragraph 1 - Those acts destined to produce effect before any third parties shall be signed by two executive officers together, or by one executive officer and one attorney-in-fact, our two attorneys-in-fact, with special powers.
</FONT></P>
<P>
<FONT size=2 face="serif">Paragraph 2 - Upon the act of two of its executive officers, the Company may appoint attorneys-in-fact, whereas their powers of attorney shall specify the purpose thereof, the powers granted and the validity term, which shall not
exceed one year, except where the power of attorney is granted with powers to represent the Company in court, the validity which shall be for an indeterminate term. </FONT></P>
<P>
<FONT size=2 face="serif">Paragraph 3 - The prior approval of the Board of Directors shall be required for the performance of acts that might result in acquisition, disposal, swap and encumbrance of real property, offer of collateral or personal
guarantees; taking out of loans or waiver of rights the amount of which be in excess of three percent (3%) of the Company&#146;s net worth. </FONT></P>
<P>
<FONT size=2 face="serif">Paragraph 4 - Exceptionally, the Executive Board may authorize the Company&#146;s representation by one sole executive officer or one especially appointed attorney-in-fact, by detailing in the minutes of the meeting the purpose
and limits of the powers granted. </FONT></P>
<P><FONT size=2 face="serif">Article 26 &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;It shall be incumbent on the President: </FONT></P>
<P><FONT size=2 face="serif">a) to manage, guide and coordinate the Company&#146;s activities; </FONT></P>
<P><FONT size=2 face="serif">b) to call and preside over the Executive Board&#146;s meetings; </FONT></P>
<P><FONT size=2 face="serif">c) to represent the Company in
        court or out of court, either as plaintiff or as defendant. </FONT></P>
<P><FONT size=2 face="serif">Article 27 &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;When elected, it shall be incumbent on the Vice-President to cooperate with the President in the performance of his/her duties. </FONT></P>
<P>
<FONT size=2 face="serif">Article 28 &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;It shall be incumbent on the Investor Relations Officer to represent the Company before regulatory agencies and further institutions operating in the capital market, in addition to performing the duties that are
assigned to him by the Board of Directors. </FONT></P>

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<P>
<FONT size=2 face="serif">Article 29 &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The officers without specific designation shall perform, in addition to the duties assigned to them in the Company&#146;s Bylaws, all those other duties assigned to them by the Board of Directors. </FONT></P>
<P>
<FONT size=2 face="serif">Article 30 &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;It shall be incumbent on two officers, who shall act together: </FONT></P>
<P><FONT size=2 face="serif">a) to represent the Company before any third parties, except for the provision
  of letter &#147;c&#148; of article 26 above; </FONT></P>
<P><FONT size=2 face="serif">b) the performance of all
    further acts provided for in article 25 above. </FONT></P>
<P>
<FONT size=2 face="serif">Article 31 &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The officers may replace each other, subject to the following: </FONT></P>
<P><FONT size=2 face="serif">a) in the event of occasional absence or impediment for a period up to sixty
    (60) days, the President shall be replaced by the Vice-President, in the event of his/her appointment,
    whereas the latter shall be replaced by one of the members of the Executive Board appointed in advance
  by the President. </FONT></P>
<P><FONT size=2 face="serif">b) in the event of vacancy of an officer&#146;s position, he/she may be replaced up to the next Board of
    Directors&#146; Meeting by the officer appointed by the President. </FONT></P>
<P><FONT size=2 face="serif">c) the temporary filling in of all further Executive Board&#146;s positions upon the President&#146;s decision shall be discretionary. </FONT></P>
<P align="center">
<B><FONT size=2 face="serif">CHAPTER VII <br>
Fiscal Council </FONT></B></P>
<P>
<FONT size=2 face="serif">Article 32 &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Company shall have a permanent Fiscal Council composed of no less than three and no more than five members, and a like number of alternates, with such duties, powers, and compensation as provided by law, with a term
of office of one (1) year, with reelection allowed. </FONT></P>
<P>
<FONT size=2 face="serif">Paragraph 1 &#150; The Fiscal Council shall hold regular meetings quarterly and extraordinary meetings as necessary, and the meeting minutes shall be recorded in a proper book. Paragraph 2 &#150; Its members shall be subject to
such obligations and prohibitions as imposed by law and by these Bylaws on the Company&#146;s managers. </FONT></P>
<P>
<FONT size=2 face="serif">Article 33 &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;In addition to the activities provided in the Brazilian legislation, the Fiscal Council shall act as an Audit Committee as defined in Sarbanes-Oxley Act. </FONT></P>
<P>
<FONT size=2 face="serif">Sole Paragraph &#150; For the full performance of the duties in the Audit Committee, the requirements provided in the applicable legislations, the provisions of these Bylaws, and </FONT></P>

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<P>
<FONT size=2 face="serif">the Charter of the Fiscal Council shall be observed, which Charter shall establish its powers and operating rules. </FONT></P>
<P align="center">
<B><FONT size=2 face="serif">CHAPTER VIII <br>
Fiscal Year </FONT></B></P>
<P>
<FONT size=2 face="serif">Article 34 &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The fiscal year shall begin on January 1 and end on December 31 of each year. </FONT></P>
<P>
<FONT size=2 face="serif">Article 35 &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;After the balance sheet and the financial statements are drawn up, and after deduction of accumulated losses, provision for income tax payment, and should this be the case, provision for managers&#146; profit sharing,
then the net profit found shall have the following allocation: a) five percent (5%) to form a legal reserve up to the point it reaches twenty percent (20%) of the capital stock; b) fifty percent (50%) to pay mandatory dividends to shareholders, with
offsetting of the semi-annual and interim dividends that may have been declared; c) the balance shall have the allocation decided by the General Meeting, subject to the Board of Directors' proposal. </FONT></P>
<P>
<FONT size=2 face="serif">Paragraph 1 - In addition to the annual balance sheet for the period, the Company may further draw up semi-annual balance sheets or still, at any time, special balance sheets, and the Board of Directors may, upon approval of the
Annual General Meeting, declare interim dividends, to be allocated to the accumulated profits or profit reserve accounts, subject to the provisions of paragraph 1, article 204 of Law No. 6.404/76. </FONT></P>
<P>
<FONT size=2 face="serif">Paragraph 2 - Dividends not claimed within three years as of the date they have been made available to shareholders shall be subject to forfeiture and inure to the benefit of the Company. </FONT></P>
<P>
<FONT size=2 face="serif">Article 36 &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The General Meeting may grant sharing in the fiscal year profits to managers. </FONT></P>
<P align="center"><B><FONT size=2 face="serif">CHAPTER IX <br>
General Provisions </FONT></B></P>

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<P>
<FONT size=2 face="serif">Article 37 &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Company shall be liquidated in the events provided for in law, whereupon it shall be incumbent on the General Meeting to determine the form of liquidation, appoint a liquidator, and elect the Audit Committee which
shall operate the Company over the liquidation period. </FONT></P>
<P>
<FONT size=2 face="serif">Article 38 &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Minutes of the General Meetings, as well as those of the Board of Directors&#146; Meetings shall be issued by electronic means, on spare pages and shall be signed by the attending members, to be then bound into a
book. When these minutes contain resolutions destined to produce effects before third parties, they shall be filed with the Commercial Registry and published. </FONT></P>
<P>
<FONT size=2 face="serif">Article 39 &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The direct or indirect transfer of the Company&#146;s control is subordinated to the suspensive condition of the acquiring party making a public offering for the total acquisition of the free float of shares, both
common and preferred, pertaining to the remaining shareholders, at a price and under payment conditions equal to those which have been agreed with members of the controlling block of shareholders. </FONT></P>
<P>
<FONT size=2 face="serif">Sole paragraph: The Controlling Shareholders Agreement of the Company, Ultra S.A. Participa&ccedil;&otilde;es, Avar&eacute; Participa&ccedil;&otilde;es S.A. and Igel Participa&ccedil;&otilde;es S.A., signed on March 22 2000 and
filed at the Company&#146;s head office, contains complementary norms to be followed in the case of a transfer of the company&#146;s control. </FONT></P>
<P>
<B><FONT size=2 face="serif">Note:</FONT></B><FONT size=2 face="serif"> </FONT></P>
<P>
<FONT size=2 face="serif">After the reading, the Chairman of the Meeting declared that all resolutions of the General Meeting were approved by all those present, except Parth Investments Company and shareholder Renato Ochman, who abstained from voting.
</FONT></P>
<P>
<FONT size=2 face="serif">With nothing further to discuss, these minutes were prepared, read, approved, and signed by the shareholders present. <br>
</FONT></P>
<P>
<FONT size=2 face="serif">For ULTRA S.A. - PARTICIPA&Ccedil;&Otilde;ES:</FONT></P>

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<P>
<FONT size=2 face="serif">Paulo Guilherme Aguiar Cunha<br>
</FONT><FONT size=2 face="serif">Chairman </FONT></P>
<P>
<FONT size=2 face="serif">For </FONT><B><FONT size=2 face="serif">PARTH INVESTMENTS COMPANY</FONT></B><FONT size=2 face="serif">, as legal representative and in his own name - </FONT><B><FONT size=2 face="serif">RENATO OCHMAN</FONT></B><FONT size=2 face="serif"> </FONT></P>
<P>
<FONT size=2 face="serif">For </FONT><B><FONT size=2 face="serif">MONTEIRO ARANHA S.A.</FONT></B><FONT size=2 face="serif">, as legal representative - D&eacute;bora Regina Zambaldi Zilber</FONT></P>
<P>
<B><FONT size=2 face="serif">GILBERTO TAMM BARCELLOS CORR&Ecirc;A </FONT></B></P>
<P>
<B><FONT size=2 face="serif">S&Eacute;RGIO FEIJ&Atilde;O FILHO </FONT></B></P>
<P>
<FONT size=2 face="serif">As legal representative of the following holders of preferred shares </FONT><B><FONT size=2 face="serif">DYNAMO
COUGAR FUNDO DE INVESTIMENTO EM A&Ccedil;&Otilde;ES; ASCESE FUNDO DE INVESTIMENTO; FUNDO DE INVESTIMENTO
EM A&Ccedil;&Otilde;ES L&Uacute;MINA; CLASSE A FUNDO DE INVESTIMENTO EM A&Ccedil;&Otilde;ES PREVIDENCI&Aacute;RIO;
 INSTITUTO AMBEV DE PREVID&Ecirc;NCIA PRIVADA:</FONT></B><FONT size=2 face="serif"> </FONT></P>
<P>
<FONT size=2 face="serif">Bruno Rudge </FONT></P>
<P>
<FONT size=2 face="serif">As legal representative of the following holders of preferred shares </FONT><B><FONT size=2 face="serif">MELLON
CELOS FIF; MELLON INCOME FIA; CLUBE DE INVESTIMENTO SPARTA: </FONT></B></P>
<P>
<FONT size=2 face="serif">Ricardo Magalh&atilde;es Gomes </FONT></P>

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<P>
<FONT size=2 face="serif">As legal representative of the following holders of preferred shares </FONT><B><FONT size=2 face="serif">JOHN DEERE PENSION TRUST; STATE STREET EM MARKETS; THE MASTER TRUST BANK OF JAPAN, LTD. RE; MICROSOFT GLOBAL FINANCE LIMITED;
MONDRIAN EMERGING MARKETS EQ FUND, L.P.; NORGES BANK; COLUMBIA ACORN FUND; LIBERTY ACORN INTERNATIONAL; SSGA EMERGING MARKETS FUND; PRO FUND (LUX) EMERGING MKTS; WANGER INTL SMALL CAP ADVISOR; DAILY ACTIVE EM MKTS SEC LEND COMMON; CENTRAL STATES
SOUTH AND SOUTH AREAS P; STICHTING PENSIONENFONDS ABP:</FONT></B><FONT size=2 face="serif"> </FONT></P>
<P>
<FONT size=2 face="serif">Anali Penteado Buratin </FONT></P>
<P>
<FONT size=2 face="serif">As legal representative of the following holders of preferred shares </FONT><B><FONT size=2 face="serif">FUNDO BRADESCO TEMPLETON DE VALOR E LIQUIDEZ &#150;FUNDO DE INVESTIMENTO EM A&Ccedil;&Otilde;ES:</FONT></B><FONT size=2 face="serif">
</FONT></P>
<P>
<FONT size=2 face="serif">Vitor Tadeu Lupion Perito </FONT></P>
<P>
<B><FONT size=2 face="serif">Bruno Rudge </FONT></B></P>
<TABLE width=95% border=0 cellspacing=0 cellpadding=0>
<TR align="left" valign="bottom">
        <TD width=50%>
<FONT size=2 face="serif">Gilberto Tamm Barcellos Corr&ecirc;a</FONT>
        </TD>
        <TD width=50%>
<FONT size=2 face="serif">Rejane Carla Martins</FONT>
        </TD>
</TR>
<TR align="left" valign="bottom">
        <TD width=50%>
<FONT size=2 face="serif">Chairman of the meeting</FONT>
        </TD>
        <TD width=50%>
<FONT size=2 face="serif">Secretary of the meeting</FONT>
        </TD>
</TR>
</TABLE>
<BR>

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<P align="right">
<B><FONT size=2 face="serif">ITEM 2 </FONT></B></P>




<P align="center">&nbsp;</P>
<table width="100%"  border="0" cellspacing="0" cellpadding="0">
  <tr>
    <td width="20%" rowspan="6" align="left" valign="top"><img src="logo.jpg"></td>
    <td width="60%" align="center">&nbsp;</td>
    <td width="20%" align="left">&nbsp;</td>
  </tr>
  <tr>
    <td width="60%" align="center">&nbsp;</td>
    <td width="20%" align="left">&nbsp;</td>
  </tr>
  <tr>
    <td width="60%" align="center"><b><font size=2 face="serif">NOTICE TO SHAREHOLDERS</font></b></td>
    <td width="20%" align="left">&nbsp;</td>
  </tr>
  <tr>
    <td width="60%" align="center">&nbsp;</td>
    <td width="20%" align="left">&nbsp;</td>
  </tr>
  <tr>
    <td align="center">&nbsp;</td>
    <td align="left">&nbsp;</td>
  </tr>
  <tr>
    <td align="center"><b><font size=2 face="serif">ULTRAPAR PARTICIPA&Ccedil;&Otilde;ES S.A. </font></b></td>
    <td align="left">&nbsp;</td>
  </tr>
  <tr>
    <td align="left" valign="top">&nbsp;</td>
    <td align="center">&nbsp;</td>
    <td align="left">&nbsp;</td>
  </tr>
  <tr>
    <td align="left" valign="top">&nbsp;</td>
    <td align="center"><font size=2 face="serif">CNPJ No. 33.256.439/0001 -39</font></td>
    <td align="left">&nbsp;</td>
  </tr>
</table>

<P align="center"><B><FONT size=2 face="serif">Reverse Split of the Shares </FONT></B></P>
<P>
<FONT size=2 face="serif">Ultrapar Participa&ccedil;&otilde;es S.A. ("Ultrapar") hereby notifies its shareholders that the Extraordinary General Meeting held on Jul. 20, 2005 approved the following proposal: (i) the reverse split of its shares at
the ratio of one thousand (1,000) shares of each type to one (1) share of such type; and (ii) change in the ratio of American Depositary Shares ("ADS's") traded on the New York Stock Exchange, where one (1) ADS will now represent one (1) preferred
share.</FONT><FONT size=2 face="serif"> </FONT></P>
<P>
<B><FONT size=2 face="serif">Reverse Split of the Shares </FONT></B></P>
<P>
<FONT size=2 face="serif">A period of thirty (30) days beginning on Jul. 21, 2005 and ending on Aug. 22, 2005, including, is given to shareholders, at their sole discretion, to adjust their share positions in  multiple blocks of one thousand (1,000)
shares per type through private negotiations or by trading at the stock exchange, in such a way that their shares do not generate any fractions after said reverse split. </FONT></P>
<P>
<FONT size=2 face="serif">Upon expiration of the period for adjusting positions, that is, Aug. 22, 2005, any fractions of shares resulting from the reverse split will be consolidated in whole numbers and sold on BOVESPA on Sept. 2, 2005, and the
proceeds of the sale will be paid pro rata to the bank accounts of the owners after the final settlement of the sale, as follows: </FONT></P>
<TABLE width=95% border=0 cellspacing=0 cellpadding=0>
<TR>
        <TD width="5%" align="left" valign=top nowrap>
<FONT size=2 face="serif">(i)</FONT></TD>
        <TD width="95%" align="left" valign="top">
<FONT size=2 face="serif">Shareholders having a current file with Banco Ita&uacute; S.A. shall have the relevant amount directly paid into their bank account from Sept. 12, 2005;</FONT>       </TD>
</TR>
<TR><TD width="5%" align="left" valign="top">&nbsp;</TD>
  <TD width="95%" align="left" valign="top">&nbsp;</TD>
</TR><TR>
        <TD width="5%" align="left" valign=top nowrap>
<FONT size=2 face="serif">(ii)</FONT></TD>
        <TD width="95%" align="left" valign="top">
<FONT size=2 face="serif">The remaining shareholders must attend any branch of Banco Ita&uacute; S.A. to receive the relevant amount from Sept. 12, 2005;</FONT>        </TD>
</TR>
<TR><TD width="5%" align="left" valign="top">&nbsp;</TD>
  <TD width="95%" align="left" valign="top">&nbsp;</TD>
</TR><TR>
        <TD width="5%" align="left" valign=top nowrap>
<FONT size=2 face="serif">(iii)</FONT></TD>
        <TD width="95%" align="left" valign="top">
<FONT size=2 face="serif">The amount corresponding to the shares under custody of CBLC &#150; Brazilian Settlement and Custody Company &#150; shall be credited directly to that company up to Sept. 12, 2005, which will transfer it to the shareholders
through the intermediation of the depositing brokerage houses; and</FONT>       </TD>
</TR>
<TR><TD width="5%" align="left" valign="top">&nbsp;</TD>
  <TD width="95%" align="left" valign="top">&nbsp;</TD>
</TR><TR>
        <TD width="5%" align="left" valign=top nowrap>
<FONT size=2 face="serif">(iv)</FONT></TD>
        <TD width="95%" align="left" valign="top">
<FONT size=2 face="serif">For shareholders having an outdated file, the amount will be available at Banco Ita&uacute; S.A. from Sept. 12, 2005;</FONT>  </TD>
</TR>
</TABLE>
<P>
<FONT size=2 face="serif">The shares shall be traded on the S&atilde;o Paulo Stock Exchange - BOVESPA in blocks formed by reverse split only and with a unit quote from Aug. 23, 2005. </FONT></P>
<P>
<B><FONT size=2 face="serif">Change in ADS Ratio </FONT></B></P>
<P>
<FONT size=2 face="serif">At the end of the reverse split transaction in Brazil and change in ADS ratio, the current ratio of one-thousand (1,000) preferred shares to one (1) ADS under Ultrapar&#146;s ADS program will be changed to a rate </FONT></P>

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<P>
<FONT size=2 face="serif">of one (1) preferred share to one (1) ADS. The change in ADS ratio to preferred shares was submitted to the Brazilian Securities Commission and the New York Stock Exchange (NYSE) for approval and will be notified to the
U.S. Securities Exchange Commission (SEC).</FONT><FONT size=2 face="serif"> </FONT></P>
<P>
<FONT size=2 face="serif">The procedures for change in ADS ratio to preferred shares will be implemented by the ADS depositary bank itself: The Bank of New York. The full text of the documents regarding approval of the Extraordinary Shareholders
Meeting is available to any interested parties at Ultrapar&#146;s headquarters or the websites of BOVESPA, Brazilian Securities Commission, and SEC.</FONT><FONT size=2 face="serif"> </FONT></P>
<P>
<FONT size=2 face="serif">Service to shareholders will be provided by Banco Ita&uacute; S.A, at the branches listed below, and at other branches of the same bank that have been authorized to provide services to shareholders, during regular banking
hours: </FONT></P>
<P>
<FONT size=2 face="serif">-</FONT><FONT size=2 face="sans-serif"> </FONT><FONT size=2 face="serif">&nbsp;&nbsp;&nbsp;Rua Boa Vista, 176 &#150; 1&ordm; subsolo &#150; S&atilde;o Paulo &#150; SP </FONT></P>
<P>
<FONT size=2 face="serif">-</FONT><FONT size=2 face="sans-serif"> </FONT><FONT size=2 face="serif">&nbsp;&nbsp;&nbsp;Rua Sete de Setembro, 99 &#150; Subsolo &#150; Rio de Janeiro &#150; RJ </FONT></P>
<P>
<FONT size=2 face="serif">-</FONT><FONT size=2 face="sans-serif"> </FONT><FONT size=2 face="serif">&nbsp;&nbsp;&nbsp;Av. Jo&atilde;o Pinheiro, 195 &#150; T&eacute;rreo &#150; Belo Horizonte - MG </FONT></P>
<P>
<FONT size=2 face="serif">-</FONT><FONT size=2 face="sans-serif"> </FONT><FONT size=2 face="serif">&nbsp;&nbsp;&nbsp;Rua Sete de Setembro, 746 &#150; T&eacute;rreo &#150; Porto Alegre &#150; RS </FONT></P>
<P>
<FONT size=2 face="serif">-</FONT><FONT size=2 face="sans-serif"> </FONT><FONT size=2 face="serif">&nbsp;&nbsp;&nbsp;Rua Jo&atilde;o Negr&atilde;o, 65 &#150; Sobreloja - Curitiba &#150; PR </FONT></P>
<P>
<FONT size=2 face="serif">-</FONT><FONT size=2 face="sans-serif"> </FONT><FONT size=2 face="serif">&nbsp;&nbsp;&nbsp;Avenida Estados Unidos, 50 &#150; 2&ordm; andar &#150; Salvador &#150; BA </FONT></P>
<P>
<FONT size=2 face="serif">-</FONT><FONT size=2 face="sans-serif"> </FONT><FONT size=2 face="serif">&nbsp;&nbsp;&nbsp;SCS Quadra 3 &#150; Edif&iacute;cio D Angela &#150; Sobreloja &#150; Bras&iacute;lia &#150; DF </FONT></P>
<P align="center">
<FONT size=2 face="serif">S&atilde;o Paulo, July 21, 2005. </FONT></P>
<P align="center">&nbsp;</P>
<P align="center">
<FONT size=2 face="serif"> </FONT><FONT size=2 face="serif">F&aacute;bio Schvartsman </FONT></P>
<P align="center">
<FONT size=2 face="serif">Chief Financial and Investor Relations Officer </FONT></P>
<P align="center">
<B><FONT size=2 face="serif">ULTRAPAR PARTICIPA&Ccedil;&Otilde;ES S.A. </FONT></B></P>

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<P align="center">
<FONT size=2 face="serif"> </FONT><B><FONT size=2 face="serif">SIGNATURES </FONT></B></P>
<P>
<FONT size=2 face="serif">Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized. </FONT></P>
<table width="95%" border="0" cellspacing="0" cellpadding="0">
  <tr>
    <td width="5%">&nbsp;</td>
    <td width="45%">&nbsp;</td>
    <td colspan="3"> <B><FONT size=2 face="serif">ULTRAPAR HOLDINGS INC.</FONT></B> </td>
  </tr>
  <tr>
    <td width="5%">&nbsp;</td>
    <td width="45%">&nbsp;</td>
    <td width="4%"><font size="2" face="Times New Roman, Times, serif">&nbsp;</font></td>
    <td width="6%"><font size="2" face="Times New Roman, Times, serif">&nbsp;</font></td>
    <td width="40%"><font size="2" face="Times New Roman, Times, serif">&nbsp;</font></td>
  </tr>
  <tr>
    <td colspan="2"><font size=2 face="serif">Date: July 20, 2005</font></td>
    <td width="4%"><font size="2" face="Times New Roman, Times, serif">By:</font></td>
    <td colspan="2"><FONT size=2 face="serif">/s/ F&aacute;bio Schvartsman</FONT></td>
  </tr>
  <tr>
    <td width="5%">&nbsp;</td>
    <td width="45%">&nbsp;</td>
    <td width="4%"><font size="2" face="Times New Roman, Times, serif">&nbsp;</font></td>
    <td colspan="2"><hr align="left" width=65% size=1 noshade color="#000000"></td>
  </tr>
  <tr>
    <td width="5%">&nbsp;</td>
    <td width="45%">&nbsp;</td>
    <td>&nbsp;</td>
    <td> <font size=2 face="serif">Name: </font> </td>
    <td><FONT size=2 face="serif">F&aacute;bio Schvartsman</FONT></td>
  </tr>
  <tr valign="top">
    <td width="5%">&nbsp;</td>
    <td width="45%">&nbsp;</td>
    <td>&nbsp;</td>
    <td> <font size=2 face="serif">Title: </font></td>
    <td><font size=2 face="serif">Chief Financial and Investor Relations Officer</font> </td>
  </tr>
</table>
<p>&nbsp;</p>
<p>&nbsp;</p>
<p><BR>
</p>
<P align="center">
<I><FONT size=2 face="serif">(Minutes of the Extraordinary General Meeting, July 20, 2005; Notice to Shareholders &#150; Reverse Split of Shares) </FONT></I></P>

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`
end
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
-----END PRIVACY-ENHANCED MESSAGE-----
