Martin Resource Management Corporation Issues Comment to Nut Tree Capital and Caspian Capital Proposal

KILGORE, Texas--(BUSINESS WIRE)-- Martin Resource Management Corporation (“MRMC”), owner of the general partner of Martin Midstream Partners L.P. (NASDAQ:MMLP) (“MMLP”), today announces that in regard to the proposal announced by Nut Tree Capital and Caspian Capital with respect to MMLP, MRMC reiterates the statement in our publicly disclosed proposal that we are interested only in acquiring all of the outstanding common units of MMLP and have no interest in selling our interests in MMLP or the general partner or in pursuing any other strategic alternative involving MMLP or the general partner. We are not able to further comment at this time on our proposal to acquire the outstanding common units of MMLP, as we remain in active discussions with the Conflicts Committee of the Board of Directors of the general partner of MMLP. If we are not able to reach a definitive agreement with respect to the potential transaction, we will announce the withdrawal of our proposal.

About Martin Resource Management Corporation

Martin Resource Management Corporation (“MRMC”) through its various subsidiaries, is an independent provider of marketing and distribution of hydrocarbon and hydrocarbon by-products including asphalt, diesel, natural gas liquids (“NGLs”), crude oil, base and process oils, and other bulk tank liquids. MRMC owns 100% of the equity interests in the general partner of Martin Midstream Partners L.P. (NASDAQ:MMLP) and approximately 15.7% of the outstanding limited partnership units.

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Sharon Taylor

Chief Financial Officer

(877) 256-6644

investor.relations@mmlp.com

Source: Martin Resource Management Corporation

FAQ

What is the recent proposal involving Martin Midstream Partners (MMLP)?

Nut Tree Capital and Caspian Capital proposed a transaction involving MMLP, which MRMC responded to by reiterating its intention to acquire all outstanding common units of MMLP.

What is Martin Resource Management 's current stance on selling its interests in MMLP?

MRMC has no interest in selling its interests in MMLP or its general partner and is only interested in acquiring all outstanding common units of MMLP.

What will MRMC do if no definitive agreement is reached regarding the acquisition of MMLP's common units?

If MRMC cannot reach a definitive agreement, it will announce the withdrawal of its proposal to acquire all outstanding common units of MMLP.

How much of MMLP's equity does Martin Resource Management own?

MRMC owns 100% of the equity interests in the general partner of MMLP and approximately 15.7% of the outstanding partnership units.

What businesses is Martin Resource Management involved in?

MRMC is involved in the marketing and distribution of hydrocarbons and hydrocarbon by-products, including asphalt, diesel, natural gas liquids, crude oil, base and process oils, and other bulk tank liquids.