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Northern Tier Energy LLC Announces Early Settlement of Tender Offer for 10.50% Senior Secured Notes Due 2017 and Call for



Northern Tier Energy LLC Announces Early Settlement of Tender Offer for 10.50%
  Senior Secured Notes Due 2017 and Call for Redemption of Remaining 10.50%
                        Senior Secured Notes Due 2017

PR Newswire

RIDGEFIELD, Conn., Nov. 9, 2012

RIDGEFIELD, Conn., Nov. 9, 2012 /PRNewswire/ -- Northern Tier Energy LLC
("Northern Tier Energy" or the "Company") announced today that it has
exercised the early settlement election applicable to its previously announced
tender offer (the "tender offer") for the 10.50% Senior Secured Notes due 2017
(CUSIP No. 665828AC3) (the "Notes") issued by the Company and Northern Tier
Finance Corporation.  The Company has accepted for purchase $253,057,000
aggregate principal amount of the Notes validly tendered at or before 5:00
p.m., New York City time, on November 1, 2012 (the "early tender deadline")
pursuant to the tender offer and has paid the total consideration of $1,150
per $1,000 principal amount of Notes, which includes a consent payment of $30
per $1,000 principal amount of Notes.  

The tender offer will expire at 11:59 p.m., New York City time, on November
14, 2012, unless extended or earlier terminated by the Company in its sole
discretion.  Holders who validly tender any remaining Notes after the early
tender deadline but on or prior to the tender offer expiration will be
eligible to receive $1,120 for each $1,000 principal amount of Notes.

The Company also announced today that it has issued a notice of redemption for
all of the Notes that remain outstanding following consummation of the tender
offer.  On December 10, 2012 (the "redemption date"), the Company will redeem
the remaining Notes at a redemption price of 103% of the principal amount
thereof, plus accrued and unpaid interest to, but not including, the
redemption date.   

The complete terms and conditions of the tender offer are set forth in an
Offer to Purchase and Consent Solicitation Statement (the "Offer to Purchase")
and related Consent and Letter of Transmittal ("Letter of Transmittal") that
were distributed to holders of the Notes.  Copies of the Offer to Purchase and
Letter of Transmittal may be obtained from the Tender and Information Agent
for the tender offer, Global Bondholder Services Corporation, at (866)
294-2200 (toll-free).

Goldman, Sachs & Co. is the Dealer Manager for the tender offer. Questions
regarding the tender offer may be directed to Goldman, Sachs & Co. at (800)
828-3182 (toll-free) and (912) 902-5183 (collect).

This press release is neither an offer to purchase nor a solicitation of an
offer to sell the Notes or any other securities. The tender offer is being
made only by and pursuant to the terms of the Offer to Purchase and the
related Letter of Transmittal. Holders are urged to read the Offer to Purchase
and related documents carefully before making any decision with respect to the
tender offer and solicitation. Holders of Notes must make their own decisions
as to whether to tender their Notes and provide the related consents. None of
Northern Tier Energy, the Dealer Manager or the Tender and Information Agent
make any recommendations as to whether holders should tender their Notes
pursuant to the tender offer or provide the related consents, and no one has
been authorized to make such a recommendation.

Northern Tier Energy expressly reserves the right, subject to applicable law,
to terminate the tender offer and consent solicitation. This press release
does not constitute a notice of redemption or an obligation to issue a notice
of redemption in respect of the Notes.

About Northern Tier Energy

Northern Tier Energy LLC, the direct operating subsidiary of Northern Tier
Energy LP (NYSE: NTI), is an independent downstream energy company
headquartered in Ridgefield, CT with refining, retail, and pipeline operations
serving the PADD II region of the United States. The Company was established
to own and operate the St. Paul Park Refinery as well as a retail network of
SuperAmerica brand convenience stores and a 17% equity interest in the
Minnesota Pipeline.

Forward-Looking Statements

This press release contains certain "forward-looking statements" which reflect
our views and assumptions on the date of this press release regarding future
events. They involve known and unknown risks, uncertainties and other factors,
many of which may be beyond our control, that may cause actual results to
differ materially from any future results, performance or achievements
expressed or implied by the forward-looking statements. All forward-looking
statements speak only as of the date hereof. We undertake no obligation to
update or revise publicly any such forward-looking statements. We caution you
not to place undue reliance on these forward-looking statements. Please refer
to our filings with the SEC for more detailed information regarding these
risks, uncertainties and assumptions.

SOURCE Northern Tier Energy LLC

Contact: Northern Tier Energy LP, Maria Testani, Maria.Testani@NTEnergy.com,
+1-203-244-6550
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