NuStar GP Holdings, LLC Declares Third Quarter 2013 Distribution

  NuStar GP Holdings, LLC Declares Third Quarter 2013 Distribution

Business Wire

SAN ANTONIO -- October 31, 2013

NuStar GP Holdings, LLC (NYSE: NSH) today announced that its Board of
Directors has declared a third quarter 2013 distribution of $0.545 per unit.
The third quarter distribution will be paid on November 19, 2013 to holders of
record as of November 11, 2013.

A conference call with management is scheduled for 10:00 a.m. ET (9:00 a.m.
CT) on Tuesday, November 12, 2013, to discuss the third quarter 2013 earnings
results of NuStar Energy L.P., which will be released earlier that morning,
and provide an updated outlook for the company for the remainder of 2013 and
for 2014. Investors interested in listening to the presentation may call
800/622-7620, passcode 77504322. International callers may access the
presentation by dialing 706/645-0327, passcode 77504322. The company intends
to have a playback available following the presentation, which may be accessed
by calling 800/585-8367, passcode 77504322. International callers may access
the playback by calling 404/537-3406, passcode 77504322. A live broadcast of
the conference call will also be available on the company’s Web site at
www.nustarenergy.com.

NuStar GP Holdings, LLC is a publicly traded limited liability company that
owns the two percent general partner interest, a 13.0 percent limited partner
interest and the incentive distribution rights in NuStar Energy L.P., one of
the largest independent liquids terminal and pipeline operators in the nation.
NuStar has operations in the United States, Canada, Mexico, the Netherlands,
including St. Eustatius in the Caribbean, the United Kingdom and Turkey. For
more information, visit NuStar GP Holdings, LLC’s Web site at
www.nustargpholdings.com.

This release serves as qualified notice to nominees under Treasury Regulation
Sections 1.1446-4(b)(4) and (d). Please note that 100% of NuStar’s
distributions to foreign investors are attributable to income that is
effectively connected with a United States trade or business. Accordingly, all
of NuStar’s distributions to foreign investors are subject to federal income
tax withholding at the highest effective tax rate for individuals and
corporations, as applicable. Nominees, and not NuStar, are treated as the
withholding agents responsible for withholding on the distributions received
by them on behalf of foreign investors.

Contact:

NuStar Energy, L.P., San Antonio
Investors, Chris Russell, Treasurer and Vice President Investor Relations
Investor Relations: 210-918-3507
or
Media, Mary Rose Brown, Executive Vice President,
Corporate Communications: 210-918-2314
Web site: http://www.nustarenergy.com