Enterprise Prices $1.1 Billion of Senior Notes

HOUSTON--(Business Wire)--
Enterprise Products Partners L.P. (NYSE:EPD) today announced that
its operating subsidiary, Enterprise Products Operating LLC ("EPO"),
has priced a public offering of $400 million of senior unsecured notes
due 2013 and $700 million of senior unsecured notes due 2019. The
proceeds from the offering are expected to be used to temporarily
reduce borrowings outstanding under the partnership's Multi-Year
Revolving Credit Facility, and for general partnership purposes.

The notes due 2013 will be issued at 99.906 percent of their
principal amount and will have a fixed-rate interest coupon of 5.65
percent and a maturity date of April 1, 2013. The notes due 2019 will
be issued at 99.866 percent of their principal amount and will have a
fixed-rate interest coupon of 6.50 percent and a maturity date of
January 31, 2019. The expected settlement date for the offering is
April 3, 2008. Enterprise Products Partners L.P. will guarantee the
notes through an unconditional guarantee on an unsecured and
unsubordinated basis.

Lehman Brothers Inc., Citigroup Global Markets Inc., J.P. Morgan
Securities Inc., and Scotia Capital (USA) Inc. acted as joint
book-running managers for the offering. An investor may obtain a free
copy of the prospectus as supplemented by visiting EDGAR on the SEC
website at www.sec.gov. Alternatively, the issuer, any underwriter or
dealer participating in this offering will arrange to send a
prospectus as supplemented to an investor if requested by calling
Lehman Brothers toll-free at (888) 603-5847, Citi toll-free at (877)
858-5407, JPMorgan at (212) 834-4533 or Scotia Capital toll-free at
(800) 372-3930.

This press release does not constitute an offer to sell or a
solicitation of an offer to buy the senior notes described in this
press release, nor shall there be any sale of these senior notes in
any state or jurisdiction in which such an offer, solicitation or sale
would be unlawful prior to qualification under the securities laws of
any such jurisdiction. The offer is being made only through the
prospectus as supplemented, which is part of a shelf registration
statement that became effective on August 27, 2007.

Enterprise Products Partners L.P. is one of the largest publicly
traded partnerships with an enterprise value of more than $20 billion,
and is a leading North American provider of midstream energy services
to producers and consumers of natural gas, NGLs, crude oil and
petrochemicals. Enterprise transports natural gas, NGLs, crude oil and
petrochemicals through nearly 35,000 miles of onshore and offshore
pipelines. Services include natural gas transportation, gathering,
processing and storage; NGL fractionation (or separation),
transportation, storage, and import and export terminaling; crude oil
transportation and offshore production platform services. Enterprise
Products Partners L.P. is managed by its general partner, Enterprise
Products GP LLC, which is wholly owned by Enterprise GP Holdings L.P.
(NYSE:EPE).

Enterprise Products Partners L.P., Houston
Investor Relations
Randy Burkhalter, 713-381-6812 or 866-230-0745
or
Media Relations
Rick Rainey, 713-381-3635

Copyright Business Wire 2008