CORRECTING and REPLACING Enterprise GP Holdings Completes $850 Million Financing

The corrected release reads:

ENTERPRISE GP HOLDINGS COMPLETES $850 MILLION FINANCING

Enterprise GP Holdings L.P. (NYSE: - ) today announced it has executed a seven-year, $850 million senior secured term loan (“Term Loan B”) in the institutional loan market. Proceeds from the Term Loan B, which became effective today, were used to permanently refinance borrowings outstanding under the partnership’s $850 million Term Loan A-2 that had a maturity date in May 2008. The Term Loan B, which was priced at a discount of 1.0 percent, generally bears interest at LIBOR plus 2.25 percent and is scheduled to mature on November 8, 2014. The Term Loan B is callable for up to one year by the partnership at 101 percent of the principal, and at par thereafter. This transaction completes the permanent financing related to Enterprise GP Holdings’ acquisition of general and limited partner equity interests in TEPPCO Partners, L.P. and Energy Transfer Equity, L.P. on May 7, 2007.

Citigroup Global Markets Inc. and Lehman Brothers Inc. served as co-arrangers and joint book-running managers for the Term Loan B financing.

Enterprise GP Holdings is one of the largest publicly traded GP partnerships with an enterprise value of more than $5 billion. It owns the general partner and limited partner interests in Enterprise Products Partners L.P., TEPPCO Partners, L.P. and Energy Transfer Equity, L.P. For more information on Enterprise GP Holdings L.P., visit its website at .