NuStar GP Holdings, LLC Declares Third Quarter 2017 Distribution

SAN ANTONIO–(BUSINESS WIRE)–NuStar GP Holdings, LLC (NYSE: NSH) today announced that its Board of
Directors has declared a third quarter 2017 distribution of $0.545 per
unit. The third quarter distribution will be paid on November 16, 2017
to holders of record as of November 9, 2017.

A conference call with management is scheduled for 9:00 a.m. CT on
Tuesday, November 7, 2017, to discuss the financial results for the
third quarter of 2017. Investors interested in listening to the
discussion may dial toll-free 844/889-7787, passcode 93805813.
International callers may access the discussion by dialing 661/378-9931,
passcode 93805813. The company intends to have a playback available
following the discussion, which may be accessed by dialing toll-free
855/859-2056, passcode 93805813. International callers may access the
playback by dialing 404/537-3406, passcode 93805813. The playback will
be available until 12:00 p.m. CT on December 7, 2017.

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/ounvkpgz
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.

Contacts

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