Ultrapetrol (ULTR) Gets Nasdaq Notice; Stock Remains Below Minimum Bid Requirements

Ultrapetrol (Bahamas) Limited (Nasdaq: ULTR), an industrial transportation company serving marine transportation needs in three markets (River Business, Offshore Supply Business and Ocean Business), today announced that it has received written notification from The Nasdaq Stock Market ("Nasdaq") dated September 11, 2012, indicating that because the closing bid price of the Company's common stock for the previous 30 consecutive business days was below the minimum $1.00 per share bid price requirement for continued listing on the Nasdaq Global Market, the Company is not in compliance with the applicable Nasdaq Listing Rule. The applicable grace period to regain compliance is 180 days from the date of the written notification.

This notification has no effect on the listing of the Company's common stock at this time.

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