NuStar Energy Investor Conference Presentation Deck

OUR BOARD AND OUR EXECUTIVES ARE ALSO INVESTORS Our Board of Directors and Our Executives are Invested in NuStar's Future Through Their Ownership of NuStar Units Our independent directors are each required to acquire and hold NuStar units with an aggregate value of 2X their annual cash retainer NuStar Senior Executive Team: Required NuStar Energy Unit Ownership SVP EVP CEO/President 0 Responsibly Resilient 1 2 Multiple of base salary 3 33

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