UGI Corporation Acquires Dutch Energy Marketing and Services Company

VALLEY FORGE, Pa.–(BUSINESS WIRE)–UGI Corporation (NYSE: UGI) announced today that it has acquired Dutch
energy marketer DVEP Investeringen B.V. (“DVEP”). DVEP markets natural
gas and electricity, produced mainly from renewable sources, primarily
to small and medium enterprises in the Netherlands. One of DVEP’s core
businesses is the provision of fee-based services to other energy
marketers in the Netherlands. DVEP has a 15-year history of providing
end-to-end marketing solutions to the 5th largest energy
market in Europe, a strong track-record of growth and profitability, and
will be $0.02 accretive to UGI’s earnings in fiscal year 2018. In 2016,
the company sold approximately 5.3 billion cubic feet of natural gas and
2.7 terawatt hours of electricity.

John Walsh, president and chief executive officer of UGI Corporation,
commented, “We are pleased to close this important acquisition and
expand our existing energy marketing business in Europe. We’re also
excited about the potential to build on DVEP’s strong platform of
service capabilities, which provides them with a foundation of fee-based
service income. DVEP is a high performing company with an impressive
track record of growth and provides UGI access to a premier European
market and a platform for further expansion. The acquisition is an
example of how UGI will continue to push the boundaries of its existing
businesses, leverage areas of UGI’s experience, and grow in highly
attractive and profitable markets.”

About UGI Corporation

UGI Corporation is a distributor and marketer of energy products and
services. Through subsidiaries, UGI operates natural gas and electric
utilities in Pennsylvania, distributes propane both domestically and
internationally, manages midstream energy and electric generation assets
in Pennsylvania, and engages in energy marketing in ten states, the
District of Columbia and internationally in France, Belgium and the UK.
UGI, through subsidiaries, is the sole General Partner and owns 26% of
AmeriGas Partners, L.P. (NYSE:APU), the nation's largest retail propane
distributor.

About DVEP Investeringen:

DVEP Investeringen is a Dutch energy services supplier and market leader
in the supply of energy to schools and municipalities in the
Netherlands. In addition the company focuses on the supply to the
business market through renewable energy sources such as windmills,
solar panels and other generating assets. (http://www.dvep.nl/over-ons/)

Comprehensive information about UGI Corporation is available on the
Internet at http://www.ugicorp.com.

Contacts

UGI Corporation
Will Ruthrauff, 610-337-1000 ext. 6571
Shelly
Oates, 610-337-1000 ext. 3202