Oiltanking Partners Declares Increase in Quarterly Distribution

HOUSTON--(BUSINESS WIRE)--

Oiltanking Partners, L.P. OILT (the “Partnership”) announced today that the board of directors of its general partner declared an increase in the quarterly cash distribution to $0.285 per unit, or $1.14 per unit on an annualized basis, for the fourth quarter of 2014. This distribution represents a 4.6% increase over the $0.2725 per unit distribution declared with respect to the third quarter of 2014 and a 21.3% increase over the $0.235 per unit distribution declared with respect to the fourth quarter of 2013. The quarterly distribution will be paid on February 12, 2015, to unitholders of record as of the close of business on January 30, 2015.

Oiltanking Partners, L.P. is engaged in the marine terminalling, storage and transportation of crude oil, refined petroleum products and liquefied petroleum gas. The Partnership's assets are located along the Gulf Coast of the United States on the Houston Ship Channel and in Beaumont, Texas. The Partnership's general partner is wholly-owned by an affiliate of Enterprise Products Partners L.P. EPD. For more information, visit www.oiltankingpartners.com.

Forward-Looking Statements

This press release contains forward-looking statements. These forward-looking statements reflect Oiltanking Partners, L.P.'s current views with respect to future events, based on what it believes are reasonable assumptions. No assurance can be given, however, that these events will occur. These statements are subject to risks and uncertainties as described in Oiltanking Partners, L.P.'s filings with the Securities and Exchange Commission, available at the SEC's website at www.sec.gov. By issuing forward-looking statements based on current expectations, opinions, views or beliefs, Oiltanking Partners has no obligation and, except as required by law, is not undertaking any obligation, to update or revise these statements or provide any other information relating to such statements.

Note to Non-United States Investors: 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%) of Oiltanking Partners, L.P.'s distributions to foreign investors as attributable to income that is effectively connected with a United States trade or business. Accordingly, Oiltanking Partners, L.P.s' distributions to foreign investors are subject to federal income tax withholding at the highest applicable effective tax rate.