Valero L.P. and Valero GP Holdings, LLC To Announce Fourth Quarter 2006 Earnings Results January 29th

  
    
  
  
    
      Valero L.P. (NYSE:VLI) and Valero GP Holdings, LLC (NYSE:VEH) today 
      announced that they will host a joint conference call Monday, January 
      29, 2007 at 1:30 p.m. CT to discuss fourth quarter 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 5994994. International 
      callers may access the conference call by dialing 706-645-0327, passcode 
      5994994. The companies intend to have a playback available following the 
      conference call, which may be accessed by calling 800-642-1687, 
      reservation passcode 5994994. International callers may access the 
      playback by calling 706-645-9291, reservation passcode 5994994.
    
    
      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 publicly traded, limited partnership based in San 
      Antonio, with 9,303 miles of pipeline, 86 terminal facilities and five 
      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 80 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 two 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.