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 June 30,				Six Months Ended June 30,
	2012		2011		2012		2011
	(Thousands of Dollars, Except Per Unit Data)
General partner interest	$	1,782	$	1,627	$	3,564	$	3,219
General partner incentive distribution	9,816		8,963		19,632		17,531
Total general partner distribution	11,598		10,590		23,196		20,750
Limited partner distribution	11,223		11,213		22,434		22,235
Total distributions to NuStar GP Holdings	22,821		21,803		45,630		42,985
Public unitholders’ distributions	66,255		59,536		132,522		117,970
Total cash distributions	$	89,076	$	81,339	$	178,152	$	160,955
Cash distributions per unit applicable to limited partners	$	1.095	$	1.095	$	2.190	$	2.170

On May 11, 2012, NuStar Energy paid a quarterly cash distribution totaling $89.1 million, or $1.095 per unit, related to the first quarter of 2012. On July 27, 2012, NuStar Energy announced a quarterly cash distribution of $1.095 per unit related to the second quarter of 2012. This distribution will be paid on August 10, 2012 to unitholders of record on August 7, 2012 and will total $89.1 million.