The Board of Directors of Holly Energy Partners, L.P. has declared a cash distribution of $0.50 per unit for the fourth quarter of 2013. For the prior quarter, $0.4925 per unit was distributed to unitholders. This current distribution, which represents a 6.4% increase over the split adjusted $0.47 per unit distribution declared for the fourth quarter of 2012, marks the thirty--seventh consecutive quarterly increase.

The distribution will be paid on February 14, 2014 to unitholders of record on February 4, 2014.