Introductory Letter to Our Customers and Valued Stakeholders

Dear Customers and Valued Stakeholders:

We are excited to introduce you to Meridian Infrastructure. Meridian will develop and operate advantaged, sophisticated infrastructure for storing and handling liquid products. Our customer-centric vision is to provide innovative solutions that increase the efficiency and protect the integrity of our customers’ supply chains.

Meridian will deliver best-in-class service and design versatile terminaling infrastructure that optimizes product movements and customer value chains. We will safely, reliably and efficiently store and handle a broad array of products and commodities, including lower carbon and transition fuels as global energy markets continue to evolve.

Meridian has partnered with Stonepeak, a leading global infrastructure investment firm. Stonepeak has developed a strong track record in energy infrastructure over multiple market and investment cycles and has partnered with a number of industry leaders, including Dominion Midstream, MPLX, Oryx Midstream, Phillips 66, Plains All American, Targa Resources, Venture Global LNG, West Texas Gas and Whistler Pipeline.

Due to the essential nature and social utility of liquids terminals and storage infrastructure, our sector is a key focus area for Stonepeak. Meridian and Stonepeak share a common vision for operational excellence and commercial growth. With Stonepeak’s investment team’s experience and its significant financial backing of Meridian, we intend to leverage our collective expertise to acquire and construct the highest quality terminals in the most strategic markets.

Meridian is led by its six founding members: Jon Ackerman (CEO); Javier del Olmo (COO); Sean Riordan (CCO); Ian Levine (CFO); Alan Beck (GC); and Paul Ramsey (Engineering). Having served as executives at both public and private companies, including Moda Midstream, Enbridge, Oiltanking, Energy Transfer and Sunoco, our team has more than a century of combined energy-focused experience. We have a strong track record of developing some of the largest volume and most strategic import and export terminals in the world. You can continue to expect integrity and fairness as we deliver resilient and sustainable infrastructure solutions to help our customers grow.

We look forward to connecting with you as we embark on this exciting new journey.

Best regards,

The Meridian Founders

Jon Ackerman, President & CEO
Javier del Olmo, Chief Operating Officer
Sean Riordan, Chief Commercial Officer
Ian Levine, Chief Financial Officer
Alan Beck, Strategic Alliances and General Counsel
Paul Ramsey, Engineering

For more information about Meridian, please visit www.meridian-infra.com.

About Stonepeak
Stonepeak is a leading alternative investment firm specializing in infrastructure and real assets with approximately $71.2 billion of assets under management. Through its investment in defensive, hard-asset businesses globally, Stonepeak aims to create value for its investors and portfolio companies, with a focus on downside protection and strong risk-adjusted returns. Stonepeak, as sponsor of private equity and credit investment vehicles, provides capital, operational support, and committed partnership to grow investments in its target sectors, which include communications, energy and energy transition, transport and logistics, and real estate. Stonepeak is headquartered in New York with offices in Hong Kong, Houston, London, Singapore, and Sydney. For more information, please visit www.stonepeak.com.