Valero L.P. and Valero GP Holdings, LLC To Announce Third Quarter 2006 Earnings Results October 30

  
    
  
  
    
      Valero L.P. (NYSE:VLI) and Valero GP Holdings, LLC (NYSE:VEH) today 
      announced that they will host a joint conference call Monday, October 
      30, 2006 at 1:30 p.m. CT to discuss third quarter 2006 earnings results, 
      which will be released earlier that day, and provide an update on the 
      operations of the companies. The conference call may be accessed by 
      dialing 800/622-7620, reservation passcode 8566945. International 
      callers may access the conference call by dialing 706/645-0327, passcode 
      8566945. The companies intend to have a playback available following the 
      conference call, which may be accessed by calling 800/642-1687, 
      reservation passcode 8566945. International callers may access the 
      playback by calling 706/645-9291, reservation passcode 8566945.
    
    
      Persons interested in listening to the presentation live via the 
      internet may log on to Valero L.P.’s web site 
      at www.valerolp.com or Valero GP 
      Holdings, LLC’s web site at www.valerogpholdings.com.
    
    
      Valero L.P. is a master limited partnership based in San Antonio, with 
      9,243 miles of pipeline, 88 terminal facilities and four crude oil 
      storage facilities. One of the largest independent terminal and 
      petroleum liquids pipeline operators in the nation, the partnership has 
      operations in the United States, the Netherlands Antilles, Canada, 
      Mexico, the Netherlands and the United Kingdom. The partnership’s 
      combined system has approximately 77 million barrels of storage 
      capacity, and includes crude oil and refined product pipelines, refined 
      product terminals, a petroleum and specialty liquids storage and 
      terminaling business, as well as crude oil storage tank facilities. For 
      more information, visit Valero L.P.'s web site at www.valerolp.com.
    
    
      Valero GP Holdings, LLC is a publicly traded limited liability company 
      that owns the 2 percent general partner interest, a 21.4 percent limited 
      partner interest and the incentive distribution rights in Valero L.P., 
      one of the largest independent terminal and petroleum liquids pipeline 
      operators in the nation with operations in the United States, the 
      Netherlands Antilles, Canada, Mexico, the Netherlands and the United 
      Kingdom. For more information, visit Valero GP Holdings, LLC’s 
      web site at www.valerogpholdings.com.
    
  
Valero L.P. (NYSE:VLI) and Valero GP Holdings, LLC (NYSE:VEH)
today announced that they will host a joint conference call Monday,
October 30, 2006 at 1:30 p.m. CT to discuss third quarter 2006
earnings results, which will be released earlier that day, and provide
an update on the operations of the companies. The conference call may
be accessed by dialing 800/622-7620, reservation passcode 8566945.
International callers may access the conference call by dialing
706/645-0327, passcode 8566945. The companies intend to have a
playback available following the conference call, which may be
accessed by calling 800/642-1687, reservation passcode 8566945.
International callers may access the playback by calling 706/645-9291,
reservation passcode 8566945.

   Persons interested in listening to the presentation live via the
internet may log on to Valero L.P.'s web site at www.valerolp.com or
Valero GP Holdings, LLC's web site at www.valerogpholdings.com.

   Valero L.P. is a master limited partnership based in San Antonio,
with 9,243 miles of pipeline, 88 terminal facilities and four crude
oil storage facilities. One of the largest independent terminal and
petroleum liquids pipeline operators in the nation, the partnership
has operations in the United States, the Netherlands Antilles, Canada,
Mexico, the Netherlands and the United Kingdom. The partnership's
combined system has approximately 77 million barrels of storage
capacity, and includes crude oil and refined product pipelines,
refined product terminals, a petroleum and specialty liquids storage
and terminaling business, as well as crude oil storage tank
facilities. For more information, visit Valero L.P.'s web site at
www.valerolp.com.

   Valero GP Holdings, LLC is a publicly traded limited liability
company that owns the 2 percent general partner interest, a 21.4
percent limited partner interest and the incentive distribution rights
in Valero L.P., one of the largest independent terminal and petroleum
liquids pipeline operators in the nation with operations in the United
States, the Netherlands Antilles, Canada, Mexico, the Netherlands and
the United Kingdom. For more information, visit Valero GP Holdings,
LLC's web site at www.valerogpholdings.com.