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

Shell Midstream Partners, L.P.

today announced the pricing of an underwritten public offering of 8,000,000 common units representing limited partner interests, at a public offering price of $32.54 per common unit. The total gross proceeds (before the underwriter's discounts and commissions and estimated offering expenses) will be approximately $260.3 million. In connection with the offering, Shell Midstream Partners granted the underwriter a 30-day option to purchase up to an additional 1,200,000 common units at a price of $32.54 per 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 offering to fund a portion of the purchase price for the previously announced acquisition of Pecten Midstream LLC, which owns the Auger Pipeline System and Lockport Terminal, from Shell Pipeline Company LP (the "Acquisition"). The offering is not conditioned on the closing of the Acquisition. If the Acquisition is not consummated for any reason, Shell Midstream Partners expects to use the net proceeds from the offering for general partnership purposes. The common units are being offered and will be sold pursuant to an effective shelf registration statement that was previously filed with the Securities and Exchange Commission (SEC). This press release shall not constitute an offer to sell or the solicitation of an offer to buy any securities, nor shall there be any sale of these securities in any state in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of such states. The offering is being made only by means of a prospectus and related prospectus supplement meeting the requirements of Section 10 of the Securities Act of 1933, as amended. Barclays is acting as the sole book-running manager for the offering. A copy of the preliminary prospectus supplement and accompanying base prospectus relating to the offering may be obtained for free by visiting EDGAR on the SEC 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