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Holly Energy Partners CEO Matthew P. Clifton to Retire Effective December 31, 2013

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Holly Energy Partners, L.P. (NYSE: HEP) (the “Partnership”) announced
that on November 22, 2013, Matthew P. Clifton notified the Board of
Directors (the “Board”) of Holly Logistic Services, L.L.C. (the
“Company” or “HLS”) that he will retire from his position as Chief
Executive Officer effective at the end of day on December 31, 2013. In
connection with his notice, the Board appointed Mr. Clifton as Executive
Chairman, effective January 1, 2014. HLS is a wholly-owned subsidiary of
HollyFrontier Corporation (NYSE: HFC) and the general partner of HEP.

As a result of Mr. Clifton's retirement as Chief Executive Officer and
appointment as Executive Chairman, on November 22, 2013, the Board
appointed Michael C. Jennings as the Chief Executive Officer of the

See full press release

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