Plains All American Declares Increased Distribution 7% on Limited Partner Units

Plains All American Pipeline, L.P.

today announced a quarterly cash distribution of $1.025 per unit ($4.10 per unit on an annualized basis) on all of its outstanding limited partner units. The distribution will be payable on February 14, 2012, to holders of record of such units at the close of business on February 3, 2012. This distribution represents an increase of 7.0% over the quarterly distribution of $0.9575 per unit ($3.83 per unit on an annualized basis) paid in February 2011 and an increase of 3.0% over the quarterly distribution of $0.995 per unit ($3.98 per unit on an annualized basis) paid in November 2011. As of this distribution, PAA will have increased its quarterly distribution to limited partners in 29 out of the past 31 quarters and consecutively in each of the past ten quarters.