Westlake Chemical Partners LP Announces Fourth Quarter Distribution

• $0.3864 cents per unit distribution declared payable on February 23,
  2018

HOUSTON–(BUSINESS WIRE)–The Board of Directors of Westlake Chemical Partners GP LLC, the general
partner of Westlake Chemical Partners LP (the "Partnership") (NYSE:WLKP)
declared on Friday a distribution of $0.3864 per unit, representing a
2.9% increase from the third quarter 2017 distribution. This is the
fourteenth quarterly distribution announced by the Partnership since its
successful Initial Public Offering (IPO) closing on August 4, 2014. The
distribution will be payable on February 23, 2018, to unit holders of
record on February 8, 2018.

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, the
Partnership owns an 18.3% 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/.

Contacts

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