Westlake Chemical Partners LP Announces Second Quarter Distribution and Extension of Revolving Credit Facility

  Westlake Chemical Partners LP Announces Second Quarter Distribution and
  Extension of Revolving Credit Facility

  * $0.3650 cents per unit distribution declared payable on August 29, 2017

Business Wire

HOUSTON -- August 1, 2017

The Board of Directors of Westlake Chemical Partners GP LLC, the general
partner of Westlake Chemical Partners LP (the "Partnership") (NYSE:WLKP)
declared today a distribution of $0.3650 per unit, representing a 2.85%
increase from the first quarter 2017 distribution. This is the twelfth
quarterly distribution announced by the Partnership since its successful
Initial Public Offering (IPO) closing on August 4, 2014. The distribution will
be payable on August 29, 2017, to unit holders of record on August 15, 2017.

The Board of Directors also approved the renewal and extension to April 29,
2021 of the Company’s $300 Million revolving credit agreement with a
subsidiary of Westlake Chemical Corporation.

This release is intended to be a qualified notice under Treasury Regulation
Section 1.1446-4(b). Brokers and nominees should treat one hundred percent
(100.0%) of the Partnership’s distributions to non-U.S. investors as being
attributable to income that is effectively connected with a United States
trade or business. Accordingly, the Partnership’s distributions to non-U.S.
investors are subject to federal income tax withholding at the highest
applicable effective tax rate.

About Westlake Chemical Partners LP

Westlake Chemical Partners is a limited partnership formed by Westlake
Chemical Corporation to operate, acquire and develop ethylene production
facilities and other qualified assets. Headquartered in Houston, Texas, the
Partnership owns a 13.3% interest in Westlake Chemical OpCo LP. Westlake
Chemical OpCo LP’s assets include three facilities in Calvert City, Kentucky,
and Lake Charles, Louisiana which process ethane and propane into ethylene,
and an ethylene pipeline. For more information about Westlake Chemical
Partners LP, please visit http://www.wlkpartners.com/.

View source version on businesswire.com:
http://www.businesswire.com/news/home/20170801005127/en/

Contact:

Westlake Chemical Partners LP
Media Relations:
Ben Ederington, 713.585.2900
or
Investor Relations:
Steve Bender, 713.585.2900
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