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Tesoro Logistics LP: Tesoro Logistics LP Announces Quarterly Distribution



  Tesoro Logistics LP: Tesoro Logistics LP Announces Quarterly Distribution

SAN ANTONIO - October 24, 2013 - Tesoro Logistics LP (NYSE:TLLP) today
announced the declaration of its quarterly cash distribution for the third
quarter 2013 of $0.545 per limited partnership unit, or $2.18 on an annualized
basis.  This distribution represents a 7% increase over the quarterly
distribution of $0.51 per unit ($2.04 per unit on an annualized basis) paid in
August 2013.  In the prior four quarters, TLLP has increased its distribution
to limited partners by 20%. The third quarter distribution will be paid
November 14, 2013, to all unitholders of record as of November 4, 2013.

About Tesoro Logistics LP
Tesoro Logistics LP, headquartered in San Antonio, Texas, is a fee-based,
growth-oriented Delaware limited partnership formed by Tesoro Corporation to
own, operate, develop and acquire crude oil and refined products logistics
assets.

Please visit us at: www.tesorologistics.com

 

This release contains certain statements that are "forward-looking" statements
within the meaning of Section 27A of the Securities Act of 1933 and Section
21E of the Securities Exchange Act of 1934, concerning the timing of our cash
distribution. For more information concerning factors that could affect these
statements see our annual report on Form 10-K and quarterly reports on Form
10-Q, filed with the Securities and Exchange Commission. We undertake no
obligation to publicly release the result of any revisions to any such
forward-looking statements that may be made to reflect events or circumstances
that occur, or which we become aware of, after the date hereof.
This release serves as qualified notice to nominees as provided for under
Treasury Regulation Section 1.1446-4(b)(4) and (d).  Please note that 100
percent of Tesoro Logistics LP's distributions to foreign investors are
attributable to income that is effectively connected with a United States
trade or business.  Accordingly, all of Tesoro Logistics LP's distributions to
foreign investors are subject to federal income tax withholding at the highest
effective tax rate for individuals or corporations, as applicable.  Nominees,
and not Tesoro Logistics LP, are treated as withholding agents responsible for
withholding distributions received by them on behalf of foreign investors.

Contact:
Investors:
Chris Castro, Investor Relations Manager, (210) 626-7202

Media:
Tesoro Media Relations, media@tsocorp.com, (210) 626-7702

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This announcement is distributed by Thomson Reuters on behalf of Thomson
Reuters clients.

The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and other
applicable laws; and
(ii) they are solely responsible for the content, accuracy and originality of
the
information contained therein.

Source: Tesoro Logistics LP via Thomson Reuters ONE
HUG#1738133
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