Plains GP Holdings, L.P. Announces Meeting Date and Record Date for Special Meeting

HOUSTON--(BUSINESS WIRE)--

Plains GP Holdings, L.P. PAGP announced today it will hold a special meeting of shareholders on Tuesday, November 15, 2016. At the special meeting, the Company's Class A and Class B shareholders will meet to consider and vote upon a proposal to approve the previously announced Simplification Agreement, dated July 11, 2016 (the "Simplification Agreement"), by and among PAGP, PAA GP Holdings LLC ("PAGP GP"), Plains AAP, L.P., Plains All American GP LLC ("GP LLC"), Plains All American Pipeline, L.P. PAA, and PAA GP LLC, and related transactions (the "Transactions"). Shareholders of record as of the close of business on September 30, 2016 will be entitled to vote at the special meeting.

Additional Information and Where to Find It

PAGP has filed a proxy statement and other documents with the Securities and Exchange Commission ("SEC") in relation to the Simplification Agreement and the Transactions. Investors are urged to read these documents carefully because they contain important information regarding PAGP, the Simplification Agreement and the Transactions. A definitive proxy statement will be sent to shareholders of PAGP as of the record date seeking their approvals as contemplated by the Simplification Agreement. Investors may obtain a free copy of the proxy statement and other documents containing information about PAGP without charge, at the SEC's website at www.sec.gov. Copies of the documents filed with the SEC by PAGP will be available free of charge on PAGP's website at ir.pagp.com or by contacting PAGP's Investor Relations Department at (866) 809-1291.

Participants in the Solicitation

PAGP and the directors and executive officers of its general partner ("PAGP GP"), and PAA and the directors and executive officers of GP LLC may be deemed to be "participants" in the solicitation of proxies from PAGP's shareholders in connection with the Simplification Transaction. Information about the directors and executive officers of PAGP GP is set forth in PAGP's Annual Report on Form 10-K and information about the directors and executive officers of GP LLC is set forth in PAA's Annual Report on Form 10-K, which were each filed with the SEC on February 25, 2016, and PAGP's and PAA's subsequent Quarterly Reports on Form 10-Q. These documents can be obtained free of charge from the sources indicated above. Other information regarding the participants in the proxy solicitation and a description of their direct and indirect interests, by security holdings or otherwise, are contained in the proxy statement that PAGP has filed with the SEC.

About Plains GP Holdings, L.P.

PAGP is a publicly traded entity that owns an interest in the general partner and incentive distribution rights of PAA, one of the largest energy infrastructure and logistics companies in North America. PAGP is headquartered in Houston, Texas.

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