FOR IMMEDIATE RELEASE
For further information, call: Susan Castiglione, Senior Manager, Corporate & Public Affairs, (678) 762-2211

Steve Jacobs Appointed Marketing Team Leader for Colonial Pipeline

August 24, 1999

Colonial Pipeline Company today announced that industry veteran Steve Jacobs has assumed the additional responsibility of marketing team leader. In this role, Jacobs will be responsible for increasing Colonial's market presence and promoting its pipeline and diverse businesses through avenues such as trade groups and publications. Jacobs has more than 17 years of experience in various aspects of the industry, including supply and trading, business development, operations and engineering.

"Steve has a lot to offer our marketing department and the business initiatives at the core of our marketing strategy, so we're confident that he will be very successful," says Tom Guzikowski, director of strategic development, Colonial Pipeline Company. "His impressive track record and knowledge of the petroleum and transport industry will serve him well as marketing team leader."

Also one of Colonial's business development team leaders, Jacobs develops and oversees long-term strategies for new opportunities in the pipeline and terminalling businesses. In addition, he manages potential acquisitions and new business ventures.

Prior to joining Colonial Pipeline, Jacobs worked for Conoco and Conoco Pipe Line, where he held various leadership and operations positions. He holds a bachelor's degree in engineering and an MBA from Michigan State University.

Chuck Calhoun previously held Colonial's marketing team leader position and has left to pursue other business opportunities.