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News Release
NuStar GP Holdings, LLC Declares Fourth Quarter 2017 Distribution

SAN ANTONIO--(BUSINESS WIRE)--Jan. 29, 2018-- NuStar GP Holdings, LLC (NYSE: NSH) today announced that its Board of Directors has declared a fourth quarter 2017 distribution of $0.545 per unit. The fourth quarter distribution will be paid on February 15, 2018 to holders of record as of February 8, 2018.

A conference call with management is scheduled for 9:00 a.m. CT on Thursday, February 8, 2018, to discuss the financial results for the fourth quarter of 2017. Investors interested in listening to the discussion may dial toll-free 844/889-7787, passcode 2577134. International callers may access the discussion by dialing 661/378-9931, passcode 2577134. The company intends to have a playback available following the discussion, which may be accessed by dialing toll-free 855/859-2056, passcode 2577134. International callers may access the playback by dialing 404/537-3406, passcode 2577134. The playback will be available until 12:00 p.m. CT on March 10, 2018.

Investors interested in listening to the live discussion or a replay via the internet may access the discussion directly at https://edge.media-server.com/m6/p/yrns5949 or by logging on to NuStar GP Holdings, LLC’s website at www.nustargpholdings.com.

NuStar GP Holdings, LLC is a publicly traded limited liability company that owns the general partner interest, an approximate 11 percent common 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, and the United Kingdom. For more information, visit NuStar GP Holdings, LLC’s website 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 GP Holdings, LLC’s distributions to foreign investors are attributable to income that is effectively connected with a United States trade or business. Accordingly, all of NuStar GP Holdings, LLC’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 GP Holdings, LLC, are treated as the withholding agents responsible for withholding on the distributions received by them on behalf of foreign investors.

Source: NuStar GP Holdings, LLC

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 and Chief Administrative Officer,
Corporate Communications: 210-918-2314
website: http://www.nustarenergy.com