Star Gas Declares Increased Quarterly Distribution of $0.575

Business Wire, April 23, 1999

STAMFORD, Conn.--(BUSINESS WIRE)--April 23, 1999--

Star Gas Partners, L.P. (NYSE:SGU) announced today that it has increased its regularly scheduled quarterly distribution, payable to common unitholders, by 4.5% from $0.55 per common unit to $0.575 per common unit. This distribution for the three months ended March 31, 1999 will be paid on May 14, 1999 to common unitholders of record as of May 4, 1999. Star Gas common units trade on the New York Stock Exchange under the symbol SGU. Star Gas Senior Subordinated Unitholders (NYSE:SGH) are eligible to receive distributions beginning February 2000.

Star Gas Partners, L.P. is a leading distributor of propane and home heating oil and has been an active consolidator in these industries. Star is the nation's eighth largest retail propane distributor, serving more than 166,000 customers throughout the Midwest and Northeast. Through its wholly-owned Petro subsidiary, Star is the nation's largest retail distributor of home heating oil, serving approximately 340,000 customers in the Northeast and Mid-Atlantic.