BPMP Declares Fourth Quarter 2017 Distribution

HOUSTON–(BUSINESS WIRE)–BP Midstream Partners LP (“BP Midstream,” “BPMP” or the “Partnership”)
today announced that the Board of Directors of BP Midstream Partners GP
LLC, the general partner of the Partnership, declared its initial
quarterly cash distribution of $0.179755 per unit for the fourth quarter
of 2017. The distribution represents a prorated portion of the
Partnership's minimum quarterly distribution of $0.2625 per unit ($1.05
per unit annualized), based upon the number of days after the closing of
the Partnership's initial public offering on October 30, 2017, through
December 31, 2017. The distribution will be payable on February 15,
2018, to unitholders of record as of February 1, 2018, with an
ex-distribution date of January 31, 2018.

About BP Midstream Partners

BPMP is a fee-based, growth-oriented master limited partnership recently
formed by BP to own, operate, develop and acquire pipelines and other
midstream assets. BPMP’s initial assets consist of interests in entities
that own crude oil, natural gas, refined products and diluent pipelines
serving as key infrastructure for BP and its affiliates and other
customers to transport onshore and offshore production to key refining
markets and trading and distribution hubs.

For more information on BPMP and the assets owned by the partnership,
please visit www.bpmidstreampartners.com.

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.

Contacts

Further Information
BP Press Office, US:
Brett Clanton,
+1 281-366-4463
[email protected]