Taylor NGL Limited Partnership
TSX : TAY.UN
TSX : TAY.DB

Taylor NGL Limited Partnership

June 29, 2005 19:53 ET

Taylor NGL Limited Partnership Announces Closing of Acquisition of Taylor Management Company Inc. Assets

CALGARY, ALBERTA--(CCNMatthews - June 29, 2005) - Taylor Gas Liquids Ltd., general partner of Taylor NGL Limited Partnership (TSX:TAY.UN) (TSX:TAY.DB), today closed the acquisition from Taylor Management Company Inc. of interests and assets that relate to the Partnership's business, as described in Taylor's press release of June 28, 2005.

The Partnership owns and operates the RET Complex, the Harmattan Complex and the Joffre Extraction Plant, all in Alberta, and the Younger Extraction Plant in British Columbia. The Partnership also owns two natural gas liquids pipelines in Alberta, the Ethylene Delivery System and the Joffre Feedstock Pipeline, both of which move products between Joffre, Alberta and Fort Saskatchewan, Alberta. The Joffre and Younger plants are natural gas liquids extraction facilities that produce ethane, propane, butane and condensate. The RET Complex and the Harmattan Complex are natural gas processing facilities that provide services to oil and gas producers.

This press release contains forward-looking statements, which are subject to certain assumptions, risks and uncertainties that could cause actual results and events to differ materially from those contemplated in the forward-looking statements.

Taylor NGL Limited Partnership (www.taylorngl.com) units and convertible debentures trade on the Toronto Stock Exchange under the symbol TAY.UN and TAY.DB, respectively.

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