Enterprise Products Partners L.P. And Duncan Energy Partners L.P. Complete Merger

Enterprise Products Partners L.P. and Duncan Energy Partners L.P. (DEP) announced that the merger of DEP with a subsidiary of EPD was completed today. Under the terms of the merger agreement, DEP unitholders are entitled to receive 1.01 EPD common units for each DEP common unit owned at the effective time of the merger. Cash will be paid to DEP unitholders in accordance with the merger agreement in lieu of any fractional units they otherwise would have been entitled to receive. Based on the cash distributions paid in August 2011 by DEP and EPD, this will result in a 33 percent increase in cash distributions for the unitholders of DEP. The merger also results in DEP unitholders having ownership in a much larger and more diverse partnership as EPD had approximately $33 billion of consolidated total assets on June 30, 2011.