UNIPAR - Results for the 2Q07

RIO DE JANEIRO, Brazil, Aug. 14 /PRNewswire-FirstCall/ -- UNIPAR -- Uniao de Industrias Petroquimicas S.A. -- (BOVESPA: UNIP3, UNIP5 and UNIP6), one of the leading Brazilian petrochemical groups, with consolidated gross revenues of R$ 3.6 billion in 2006, announces today its results for the 2Q07 and 1H07.

-- UNIPAR posted a 1H07 net income of R$ 82.3 million, a hefty 152% up on the 1H06. The enhanced operating performance was underlined by the 49% growth in consolidated EBITDA, which reached R$ 207.5 million in the 1H07. -- Net income totaled R$ 41.1 million in the 2Q07, virtually identical to the previous quarter. -- In the 2Q07, UNIPAR made significant progress in consolidating its position as the main investor in the Sao Paulo Petrochemical Complex: -- On 05.25.07 the Company acquired 3,500,000 common shares of PQU, belonging to SEP Empreendimentos Produtivos S.A., comprising 7% of PQU's voting capital and 3.49% of its total capital; -- On 06.25.07 the Company firmed and irrevocable commitment to acquire Dow Brasil's stake in PQU, corresponding to 6,500,000 common shares and 6,500,000 preferred shares (13% of voting capital and 12.97% of total capital), which are part of PQU's controlling block; -- On the same date UNIPAR acquired of 277,372 common shares and 227,372 preferred shares held by Dow Nordeste in PQU. These shares account for 0.55% of PQU's voting and total capital and are not part of the controlling block; -- In addition, on 06.25.07 Polietilenos Uniao, acquired Dow Brasil's 140,000 t p.a. LDPE plant, located in the city of Cubatao. -- With the acquisition of the Cubatao's plant by Polietilenos Uniao -- a wholly-owned UNIPAR subsidiary, the production capacity of this subsidiary reached 270,000 t p.a., as of 08.01.07. As of the 3Q08, with the conclusion of Capuava's ongoing expansion project, Polietilenos Uniao will have a capacity of around 500,000 t p.a. -- On 08.11.07, UNIPAR and PETROBRAS released a notice to the market regarding the of Companhia Petroquimica do Sudeste (hereinafter "CPS"). For further information please access the website http://www.unipar.ind.br/ Upcoming Events Conference Call Portuguese - August 17, 2007 Time: 14:00 pm (Brazil) Phone: + 55 11 2101-4848 Code: UNIPAR Webcast: http://www.unipar.ind.br/