The Conflicts Committee and the GP Board unanimously recommend that unitholders follow the recommendation of
ISS and vote FOR the proposal to approve the MRMC transaction using the WHITE proxy card or WHITE voting instruction form.
Please simply DISCARD any gold proxy card you may receive from Nut Tree Capital Management L.P. and Caspian Capital L.P. If you inadvertently voted
using a gold proxy card, you may cancel that vote simply by voting again TODAY using the WHITE proxy card or WHITE voting instruction form. Only your latest dated vote will count!
Unitholders who have questions or would like additional information or assistance voting their units should contact MMLPs proxy solicitor:
Innisfree M&A Incorporated
Toll-free at (877) 750-8334 (from the U.S. and Canada)
or at +1 (412) 232-3651 (from other countries)
Advisors
The Conflicts Committee engaged Munsch Hardt
Kopf & Harr, P.C., Potter Anderson & Corroon LLP, and Houlihan Lokey, Inc. as its legal and financial advisors. MRMC engaged Baker Botts L.L.P. and Wells Fargo Securities, LLC as its legal and financial advisors.
About MMLP
Martin Midstream Partners L.P. (NASDAQ: MMLP)
headquartered in Kilgore, Texas, is a publicly traded limited partnership with a diverse set of operations focused primarily in the Gulf Coast region of the United States. MMLPs primary business lines include: (1) terminalling,
processing, and storage services for petroleum products and by-products; (2) land and marine transportation services for petroleum products and by-products,
chemicals, and specialty products; (3) sulfur and sulfur-based products processing, manufacturing, marketing, and distribution; and (4) marketing, distribution, and transportation services for natural gas liquids and blending and packaging
services for specialty lubricants and grease. To learn more, visit www.MMLP.com. Follow Martin Midstream Partners L.P. on LinkedIn, Facebook, and X (formerly known as Twitter).
About MRMC
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. Martin Resource LLC is a wholly owned subsidiary of MRMC that does not engage in any business other than owning 100% of the equity interests in the General Partner. Cross Oil Refining & Marketing, Inc. is a wholly owned
subsidiary of MRMC and is engaged in the business of providing base and process oils. Martin Product Sales LLC is a wholly owned subsidiary of MRMC and is engaged in the business of marketing and distributing commodities including asphalt, NGLs, and
other petroleum based products.