Enterprise Announces Increase in Common Unit Repurchase Program.

HOUSTON--(BUSINESS WIRE)--Nov. 1, 1999--

Enterprise Products Partners L.P. (NYSE:EPD) announced today that certain of its affiliates have increased the size of their common unit repurchase program by an additional 150,000 common units. The units will be purchased from time to time in the open market.

The additional 150,000 units may be held for investment purposes or used in a long-term unit option compensation plan for management and key employees. This brings the total number of units authorized to be repurchased by such affiliates under the program, which was announced in 1998, to 1.15 million common units. To date, approximately 920,000 units have been repurchased by such affiliates.

"Enterprise's affiliates intend to increase the size of their repurchase program because of their belief that the units are an attractive investment at current market prices," said O.S. "Dub" Andras, president and CEO of Enterprise.

Enterprise Products Partners L.P., with an enterprise value of over $1.9 billion, is one of the leading midstream energy service companies in North America, providing complete services of processing, fractionation, transportation and storage to producers of NGLs and consumers of NGL products. Enterprise has ownership interests in and operates some of the largest natural gas processing and NGL fractionation facilities in the United States, the largest commercial isobutane complex in the United States, two propylene fractionation facilities, an NGL import/export terminal, approximately 43.7 million barrels of net storage capacity, a 2,400-mile network of pipelines and an MTBE production facility, all located on the U.S. Gulf Coast. The Gulf Coast accounts for approximately 55% of U.S. NGL production and 75% of U.S. demand for NGLs.

This press release includes forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934 based on the beliefs of the company, as well as assumptions made by, and information currently available to, management. Although Enterprise believes that the expectations reflected in such forward-looking statements are reasonable, it can give no assurance that such expectations will prove to be correct.