Qualified Notice

This statement is intended to be a qualified notice under United States Treasury Regulation Section 1.1446-4(b).  Brokers and nominees should treat one hundred percent (100.00%) DCP Midstream, LP (“DCP”) distributions to non-U.S. investors as being attributable to income that is effectively connected with a United States trade or business.  Accordingly, DCP’s distributions to non-U.S. investors are subject to federal income tax withholding at the highest applicable effective tax rate.  

Pursuant to United States Treasury Regulation Section 1.1446(f)-4(c)(2)(iii) on amounts realized, one hundred percent (100.00%) of the DCP distribution is in excess of cumulative net income.  Nominees, and not DCP, are treated as the withholding agents responsible for withholding on the distributions received by them on behalf of non-U.S. investors.