Shell Midstream Partners, L.P. Announces Price of Common Unit Offering, $32.54/Share

Shell Midstream Partners, L.P.(NYSE: SHLX) today announced the pricing of an underwritten public offeringof 8,000,000 common units representing limited partner interests, at apublic offering price of $32.54 per common unit. The total gross proceeds(before the underwriter's discounts and commissions and estimated offeringexpenses) will be approximately $260.3 million. In connection with theoffering, Shell Midstream Partners granted the underwriter a 30-day optionto purchase up to an additional 1,200,000 common units at a price of $32.54per common unit. The offering is expected to close on November 17, 2015,subject to certain closing conditions. Shell Midstream Partners expects to use the net proceeds from this offeringto fund a portion of the purchase price for the previously announcedacquisition of Pecten Midstream LLC, which owns the Auger Pipeline Systemand Lockport Terminal, from Shell Pipeline Company LP (the "Acquisition").The offering is not conditioned on the closing of the Acquisition. If theAcquisition is not consummated for any reason, Shell Midstream Partnersexpects to use the net proceeds from the offering for general partnershippurposes. The common units are being offered and will be sold pursuant to an effectiveshelf registration statement that was previously filed with the Securitiesand Exchange Commission (SEC). This press release shall not constitute anoffer to sell or the solicitation of an offer to buy any securities, norshall there be any sale of these securities in any state in which suchoffer, solicitation, or sale would be unlawful prior to registration orqualification under the securities laws of such states. The offering isbeing made only by means of a prospectus and related prospectus supplementmeeting the requirements of Section 10 of the Securities Act of 1933, asamended. Barclays is acting as the sole book-running manager for the offering. A copyof the preliminary prospectus supplement and accompanying base prospectusrelating to the offering may be obtained for free by visiting EDGAR on theSEC website at sec.gov or by sending a request to: Barclays c/o Broadridge Financial Solutions 1155 Long Island Avenue Edgewood, NY 11717 Telephone: 1-888-603-5847 Email: barclaysprospectus@broadridge.com