DISTRIBUTIONS FROM NUSTAR ENERGY

The following table reflects the allocation of NuStar Energy’s cash distributions earned for the periods indicated among its general and limited partners:



	Three Months Ended September 30,				Nine Months Ended September 30,
	2011		2010		2011		2010
	(Thousands of Dollars, Except Per Unit Data)
General partner interest	$	1,628	$	1,592	$	4,847	$	4,635
General partner incentive distribution	8,972		8,568		26,503		24,736
Total general partner distribution	10,600		10,160		31,350		29,371
Limited partner distribution	11,271		11,114		33,506		32,886
Total distributions to NuStar GP Holdings	21,871		21,274		64,856		62,257
Public unitholders’ distributions	59,543		58,342		177,513		169,505
Total cash distributions	$	81,414	$	79,616	$	242,369	$	231,762
Cash distributions per unit applicable to limited partners	$	1.095	$	1.075	$	3.265	$	3.205

On August 12, 2011, NuStar Energy paid a quarterly cash distribution totaling $81.3 million, or $1.095 per unit, related to the second quarter of 2011. On October 28, 2011, NuStar Energy announced a quarterly cash distribution of $1.095 per unit related to the third quarter of 2011. This distribution will be paid on November 14, 2011 to unitholders of record on November 8, 2011 and will total $81.4 million.