Kaneb Announces Earnings Conference Call ; Friday, August 1, 2003 at 10:00 a.m. ET -9:00 a.m. CT-

DALLAS--July 30, 2003--The Kaneb family of companies includes two publicly traded entities listed on the New York Stock Exchange: Kaneb Services LLC and Kaneb Pipe Line Partners, L.P. . Second quarter earnings will be reported before the market opens on Thursday, July 31, 2003 and a conference call will be held on August 1, 2003 at 10:00 am Eastern Time.

This call is being webcast by CCBN and can be accessed at Kaneb's web site at www.kaneb.com.

The webcast is also being distributed over CCBN's Investor Distribution Network to both institutional and individual investors. Individual investors can listen to the call through CCBN's individual investor center at www.companyboardroom.com or by visiting any of the investor sites in CCBN's Individual Investor Network such as America Online's Personal Finance Channel, Fidelity Investments(R) (Fidelity.com) and others. Institutional investors can access the call via CCBN's password-protected event management site, StreetEvents (www.streetevents.com). StreetEvents allows institutional investors to identify, organize, and track the hundreds of conference calls that occur each day during earnings season, to download events of interest to their Outlook calendar, and to RSVP to events online.

ABOUT KANEB

KANEB is a single business represented by two separate publicly traded entities on the New York Stock Exchange. KANEB's business is focused on mid-stream energy assets -- refined petroleum product pipelines, and petroleum and specialty liquids storage and terminaling facilities. KANEB is a major transporter of refined petroleum products in the Midwest and is the third largest independent liquids terminaling company in the world. Worldwide operations include facilities in 29 states, the District of Columbia, Canada, the Netherlands Antilles, Australia, New Zealand and the United Kingdom. Its publicly traded entities are Kaneb Services LLC and Kaneb Pipe Line Partners, L.P., .