SUN and as such SHC will be owned by SUN's indirect wholly owned subsidiary, Susser Petroleum Property
Company, LLC ("PropCo"). SUN anticipates that cash taxes at PropCo going forward will be minimal.
SUN has posted a slide presentation providing additional details of the transaction to the Investor Relations portion
of its website at www.sunocolp.com under Events & Presentations.
Sunoco LP (NYSE: SUN) is a master limited partnership (MLP) that primarily distributes motor fuel to
convenience stores, independent dealers, commercial customers and distributors. SUN also operates more than
830 convenience stores and retail fuel sites. SUN conducts its business through wholly owned subsidiaries, as well
as through its 31.58 percent interest in Sunoco, LLC, in partnership with an affiliate of its parent company, Energy
Transfer Partners, L.P. While primarily engaged in natural gas, natural gas liquids, crude oil and refined products
transportation, ETP also operates a retail and fuel distribution business through its interest in Sunoco, LLC, as well
as wholly owned subsidiary, Sunoco, Inc., which operate approximately 440 convenience stores and retail fuel sites.
For more information, visit the Sunoco LP website at www.sunocolp.com.
This news release contains "forward-looking statements" which may describe SUN's objectives, expected results of
operations, targets, plans, strategies, costs, anticipated capital expenditures, potential acquisitions, new store
openings and/or new dealer locations, management's expectations, beliefs or goals regarding proposed
transactions between ETP and SUN, the expected timing of those transactions and the future financial and/or
operating impact of those transactions, including the anticipated integration process and any related benefits,
opportunities or synergies. These statements are based on current plans, expectations and projections and involve
a number of risks and uncertainties that could cause actual results and events to vary materially, including but not
limited to: execution, integration, environmental and other risks related to acquisitions (including the Susser drop-
down, and future drop-downs) and our overall acquisition strategy; competitive pressures from convenience stores,
gasoline stations, other non-traditional retailers and other wholesale fuel distributors located in SUN's and Sunoco,
LLC's markets; dangers inherent in storing and transporting motor fuel; SUN's or Sunoco, LLC's ability to renew or
renegotiate long-term distribution contracts with customers; changes in the price of and demand for motor fuel;
changing consumer preferences for alternative fuel sources or improvement in fuel efficiency; competition in the
wholesale motor fuel distribution industry; seasonal trends; severe or unfavorable weather conditions; increased
costs; environmental laws and regulations; dangers inherent in the storage of motor fuel; reliance on suppliers to
provide trade credit terms to adequately fund ongoing operations; acts of war and terrorism; dependence on
information technology systems; SUN's and ETP's ability to consummate any proposed transactions, or to satisfy
the conditions precedent to the consummation of such transactions; successful development and execution of
integration plans; ability to realize anticipated synergies or cost-savings and the potential impact of the transactions