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Blue Rhino

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The Blue Rhino® story began in 1994 with founder Billy Prim's goal of building a national brand of propane tank exchange that would capitalize on the growth in gas grill sales and year-round grilling. While safer and more convenient than refill, tank exchange represented a small percentage of the market at the time and was viewed as a commodity service. Blue Rhino has dramatically changed both those industry dynamics.

A national distribution network was constructed, retailer partnerships were established, innovative, value-added features were built into the product, and a new brand was born. It was named Blue Rhino after the strong, tough, interesting and fun-loving animals Billy had admired on a trip to Africa.

Today, Blue Rhino - a brand of Ferrellgas® - is becoming a mainstay of the North American home, as the company has grown to offer even more valuable products and services. Blue Rhino continues to be the nation's leading tank exchange brand provided nationwide where gasoline, grills, and groceries are sold. But Blue Rhino is also a leading designer and marketer of barbecue grills, outdoor heaters, mosquito elimination appliances and other outdoor appliances.

In fact, you will find a Blue Rhino product in the middle of half a billion barbecue events nationwide every year!

And don't forget Rhino Power CO2 tank exchange! It's the nation's pioneer brand of CO2 tank exchange. You'll find Rhino Power tanks in many places, including paintball fields, where CO2 powers some of the equipment used in paintball, and building projects, where do-it-yourselfers and building professionals use portable CO2 regulators and CO2 tanks to power their pneumatic tools.

This is Blue Rhino - the company that strives to bring you A Better Way® every day!



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Investor Relations


On April 20, 2004, the stockholders of Blue Rhino Corporation approved its previously announced merger. Terms of the merger agreement call for the payment of $17 in cash for each share of Blue Rhino Corporation's common stock. Subsequent to the merger, the assets of Blue Rhino were contributed to Ferrellgas Partners, L.P. (NYSE: FGP). This contribution became effective on April 21, 2004.

View Ferrellgas' April 20, 2004, press release here.

Ferrellgas Partners, L.P. is one of the nation's largest retail marketers of propane. Through its operating partnership, Ferrellgas, L.P., it currently serves more than one million customers nationwide. Ferrellgas employees indirectly own approximately 18 million common units of the partnership through an employee stock ownership plan.

Additional information about Ferrellgas, including corporate news and press releases, can be obtained online at www.ferrellgas.com.

Ferrellgas Partners, L.P.
Investor Relations
7500 College Boulevard, Suite 1000
Overland Park, Kansas 66210
913-661-1500
investors@ferrellgas.com