UGI Corporation Acquires Totalgaz Italia S.r.l.

VALLEY FORGE, Pa.–(BUSINESS WIRE)–UGI Corporation (NYSE: UGI) announced today that it has acquired
Totalgaz Italia S.r.l. (“Totalgaz Italia”), the LPG distribution
business of TotalErg S.p.A., a joint venture between Total S.A. and Erg
S.p.A. Totalgaz Italia serves approximately 65,000 customers in the
northern region of Italy, the 9th largest economy in the
world, primarily for space heating and industrial applications. The
acquisition is expected to be approximately $0.02 per share accretive to
UGI in the first year.

John Walsh, president and chief executive officer of UGI Corporation,
commented, “We are thrilled to expand our international footprint with
this key addition to our European network. Italy has represented one of
the few major European markets where we have not had a presence, and is
contiguous to our existing service regions in France, Switzerland, and
Austria. We expect this acquisition will serve as the platform for
further expansion in the region. Along with the acquisition of Dutch
energy marketer DVEP in the Netherlands that we announced last month,
this transaction represents another example of how UGI continues to seek
opportunities to expand its business and grow in highly attractive
markets.”

Totalgaz Italia is headquartered in Rome, and will be integrated into
UGI International’s Europe East operations.

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.

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