Enterprise Clarifies News Item Related to Officers Options Exercise.

Energy Editors/Business Editors

HOUSTON--(BUSINESS WIRE)--May 23, 2003

Enterprise Products Partners L.P. (NYSE: EPD) announced that it is issuing a clarification of incomplete reports made by certain news media, including Bloomberg and Washington Service Associates, with respect to option exercises by officers of our General Partner. Specifically, within the last two weeks, two officers of the General Partner, Michael A. Creel, Executive Vice President and Chief Financial Officer, and Richard H. Bachmann, Executive Vice President and Chief Legal Officer, in the aggregate exercised options to buy 90,000 Enterprise common units.

In the transactions, both officers sold an amount of units sufficient to pay the exercise price of the options and related taxes. Together, Creel and Bachmann increased their ownership position in Enterprise common units by 34,145 common units after the exercise of these options. In disclosing the transactions, some financial media, including Bloomberg and Washington Service Associates have only reported the sale of the units to pay for the exercise price and related taxes.

Enterprise Products Partners L.P. is the second largest publicly traded midstream energy partnership with an enterprise value of over $6 billion. Enterprise is a leading North American provider of midstream energy services to producers and consumers of natural gas and natural gas liquids ("NGLs"). The Company's services include natural gas transportation, processing and storage and NGL fractionation (or separation), transportation, storage and import/export terminaling.

This press release contains various forward-looking statements and information that are based on the Company's beliefs and those of its general partner, as well as assumptions made by and information currently available to the Company. When used in this press release, words such as "anticipate," "project," "expect," "plan," "goal," "forecast," "intend," "could," "believe," "may," and similar expressions and statements regarding the plans and objectives of the Company for future operations, are intended to identify forward-looking statements. Although the Company and its general partner believe that such expectations reflected in such forward looking statements are reasonable, neither the Company nor its general partner can give assurances that such expectations will prove to be correct. Such statements are subject to a variety of risks, uncertainties and assumptions. If one or more of these risks or uncertainties materialize, or if underlying assumptions prove incorrect, the Company's actual results may vary materially from those the Company anticipated, estimated, projected or expected. Among the key risk factors that may have a direct bearing on the Company's results of operations and financial condition are:

-- fluctuations in oil, natural gas and NGL prices and production

due to weather and other natural and economic forces;

-- a reduction in demand for the Company's products by the

petrochemical, refining or heating industries;

-- a decline in the volumes of NGLs delivered by the Company's

facilities;

-- the failure of the Company's credit risk management efforts to

adequately protect it against customer non-payment;

-- the failure to successfully integrate new acquisitions; and

-- terrorist attacks aimed at the Company's facilities.

The Company has no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events or otherwise.