Plains GP Holdings LP

Priced an upsized public offering of 42 million Class A shares representing limited partner interests. Offering increased by 8 million shares. Underwriters given a 30-day option to purchase 6.3 million additional shares. Pursuant to omnibus agreement, the net proceeds will purchase an equal amount of Plains AAP LP Class A units. AAP will use the net proceeds that it receives from this sale to purchase an equivalent number of PAA common units. PAA would use the net proceeds from such sale to repay outstanding senior unsecured revolving credit facilities’ outstanding borrowings, and to support general partnership purposes. Citigroup is the sole book-running manager.