Enterprise Commences Exchange of Senior Notes.

HOUSTON -- Enterprise Products Partners L.P. (NYSE:EPD) announced today that its operating subsidiary, Enterprise Products Operating L.P., has commenced an exchange offer to exchange its Series B Senior Notes, which have been registered under the Securities Act of 1933, for any and all of its corresponding outstanding Series A Senior Notes that were issued on March 2, 2005, in a private offering. At the time of issuance of the notes in March, Enterprise agreed to offer to exchange them for registered notes. This exchange offer satisfies that requirement.

In the exchange offer, Enterprise Products Operating L.P. is offering to exchange its 5.00% Series B Senior Notes due 2015 for its outstanding 5.00% Series A Senior Notes due 2015; and its 5.75% Series B Senior Notes due 2035 for its outstanding 5.75% Series A Senior Notes due 2035.

The form and terms of the exchange notes are substantially the same as the form and terms of the notes issued in March 2005. The primary difference is that the exchange notes have been registered under the Securities Act of 1933, and therefore, will not bear legends restricting their transfer. The exchange notes evidence the same debt as the notes may replace, and will be issued under and will be entitled to the benefits of the indenture that governs the original notes.

The exchange offer will expire at 5:00 p.m. New York City time on August 17, 2005, unless extended by Enterprise in its sole discretion. A prospectus dated July 13, 2005, relating to the exchange offer and setting forth the terms of the exchange notes has been mailed to record holders of the original notes.

The Exchange Agent for the exchange offer is Wells Fargo Bank, N.A., Corporate Trust Operations, Sixth and Marquette - MAC N9303-121, Minneapolis, Minnesota 55479. Eligible institutions may make requests by facsimile at 612-667-4927.

Enterprise Products Partners L.P. is one of the largest publicly traded energy partnerships with an enterprise value of approximately $14 billion, and is a leading North American provider of midstream energy services to producers and consumers of natural gas, NGLs and crude oil. Enterprise transports natural gas, NGLs and crude oil through 32,500 miles of onshore and offshore pipelines and is an industry leader in the development of midstream infrastructure in the Deepwater Trend of the Gulf of Mexico. Services include natural gas transportation, gathering, processing and storage; NGL fractionation (or separation), transportation, storage, and import and export terminaling; crude oil transportation and offshore production platform services. For more information, visit Enterprise on the web at www.epplp.com.

This press release contains various forward-looking statements and information that are based on Enterprise's beliefs and those of its general partner, as well as assumptions made by and information currently available to Enterprise. 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 Enterprise for future operations, are intended to identify forward-looking statements. Although Enterprise and its general partner believe that such expectations reflected in such forward-looking statements are reasonable, neither Enterprise 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, Enterprise's actual results may vary materially from those Enterprise anticipated, estimated, projected or expected. Among the key risk factors that may have a direct bearing on Enterprise'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;

--the effects of the combined company's debt level on its future financial and operating flexibility;

--a reduction in demand for its products by the petrochemical, refining or heating industries;

--a decline in the volumes of NGLs delivered by its facilities;

--the failure of its credit risk management efforts to adequately protect it against customer non-payment;

--terrorist attacks aimed at its facilities; and,

--the failure to successfully integrate our operations with any companies, if any, we may acquire in the future.

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