Ferrellgas Partners, L.P. tax information

Ferrellgas is a publicly traded master limited partnership. Unitholders are partners in Ferrellgas and receive cash distributions. A partnership generally is not subject to federal or state income tax. The annual income, gains, losses, deductions, or credits of Ferrellgas flow through to its investors, who are required to report their allocated share of these amounts on their tax returns as though the investor had incurred these items directly.

Each March, investors receive Schedule K-1 tax packages that summarize their allocated share of Ferrellgas’ reportable tax items. In general, cash distributions received during the year should not be reported as taxable income even though those distributions may be shown on a statement issued by a broker. Only the amounts shown on the Schedule K-1 should be entered on investors’ tax returns.

Ferrellgas reports its tax information on a calendar year basis. Accordingly, this year’s Schedule K-1 tax package will include tax information for January through December.

Should you have questions regarding the Schedule K-1, contact K-1 Support at 800-230-1148 or via e-mail.

NOTE: It is the responsibility of each holder of Ferrellgas Partners, L.P units to investigate the legal and tax consequences of his or her investment under federal tax law and the laws of pertinent states and localities. You should consult your tax advisor regarding to these matters.