Tallgrass Energy, LP (TGE) today announced that the board of directors of its general partner (the “Board”) has received a non-binding preliminary proposal letter, dated August 27, 2019, from Blackstone Infrastructure Partners, its partners and respective affiliates (collectively, the “Sponsors”) to acquire all of the outstanding Class A shares representing limited partner interests in TGE (the “Class A Shares”) not already owned by the Sponsors for $19.50 per Class A Share in cash. A copy of the proposal letter is attached as Annex A to this press release. The $19.50 per Class A Share price of the proposal represents an approximate 35.9% premium over TGE’s closing price on August 27, 2019, and a premium of approximately 12% to its volume weighted average price during the last 30 calendar days.

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