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Analysts

 Firm  Analyst
 BOFA Merrill Lynch  Gabe Moreen
 CITI  John Tysseland
 Credit Suisse  Yves Siegel
 Davenport & Company LLC  Mark Levin
 Deutsche Bank  Paul Sankey
 Goldman Sachs  Michael Cerasoli
 Morgan Stanley  Steve Maresca
 Raymond James  Darren Horowitz
 UBS  Jeremy Tonet
 Wells Fargo Securities, LLC  Michael Blum

NuStar GP Holdings, LLC is followed by the analysts listed above. Please note that any opinions, estimates or forecasts regarding NuStar GP Holdings, LLC's performance made by these analysts are theirs alone and do not represent opinions, forecasts or predictions of NuStar GP Holdings, LLC or its management. NuStar GP Holdings, LLC does not by its reference above or distribution imply its endorsement of or concurrence with such information, conclusions or recommendations.