BUCKEYE PARTNERS, L.P.
Five TEK Park
9999 Hamilton Blvd.
Breinigsville, Pennsylvania 18031
IMPORTANT REMINDER TO VOTE YOUR UNITS
February 20, 2009
Unitholders:
Buckeye GP LLC, the general partner of Buckeye Partners, L.P., has extended the Expiration Date for Buckeye’s Consent Solicitation to 11:59 p.m., eastern standard time, on March 20, 2009.
In December, we provided consent solicitation materials to our unitholders and asked them to approve the 2009 Long-Term Incentive Plan of Buckeye Partners, L.P. (the “Plan”). Our records indicate your vote has not yet been received. It is extremely important that you vote your limited partnership units.
We strongly encourage you to vote your limited partnership units today. The Board of Directors of Buckeye’s general partner recommends that you vote FOR the proposal. In addition, Glass, Lewis & Co., a leading professional services firm that assists institutions with investments in public companies, has recommended that unitholders vote FOR the Plan, and PROXY Governance, an independent proxy advisory company, has also recommended that unitholders vote FOR the Plan.
As you may be aware, we recently released our financial results for the 2008 fiscal year in a press release filed with the Securities and Exchange Commission on February 3, 2009. We were pleased to announce solid financial results for Buckeye in 2008 despite difficult conditions in the financial markets and the economy in general. Buckeye’s net income for the full 2008 year was $184.4 million compared with net income of $155.4 million in 2007. The Board of Directors of Buckeye GP LLC also declared a regular quarterly partnership cash distribution of $0.8875 per LP unit, which represented a quarterly increase in the distribution of $0.0125 per LP unit and an annualized cash distribution level of $3.55 per LP unit. This was the 88th consecutive quarterly cash distribution paid by Buckeye.
Remember — every unit and every vote counts! Voting is easy. You may utilize one of the options below to ensure that your vote is promptly recorded prior to 11:59 p.m., eastern standard time, on March 20, 2009:
1) Vote by Phone (1-800-690-6903). You may cast your vote by calling this toll-free number with any touch-tone telephone. Have the enclosed consent card in hand showing your access code when you call and follow the instructions.
2) Vote by Internet (www.proxyvote.com). You may cast your vote using the Internet. Have the enclosed consent card in hand showing your access code when you access the web site and follow the instructions.
3) Vote by Mail. You may cast your vote by mail by signing, dating and mailing the enclosed consent card in the postage-paid envelope provided, or return it to Vote Processing, c/o Broadridge, 51 Mercedes Way, Edgewood, NY 11717.
YOUR PARTICIPATION IS IMPORTANT — PLEASE VOTE TODAY!
If you have any questions, or need a copy of the Consent Solicitation Statement, please call Georgeson Inc. toll-free at 888-264-7054. Banks and brokers can call 212-440-9800. Alternatively, unitholders can call Stephen R. Milbourne, Buckeye’s Manager of Investor Relations, at 610-904-4000.
Thank you in advance for voting promptly.