Texas Pacific Land Trust Sends Letter Requesting Explanations from Dissident Nominee Eric Oliver

DALLAS–(BUSINESS WIRE)–Texas Pacific Land Trust (NYSE:TPL) (“TPL” or the “Trust”) today sent a
letter to dissident nominee Eric L. Oliver, requesting certain
information about Mr. Oliver’s background, interests and potential
conflicts of interests to address serious concerns about his candidacy.

The Trust asks Mr. Oliver to reconsider his refusal to complete the
standard candidate questionnaire in order to give shareholders the
opportunity to make a fully-informed decision in advance of the special
meeting to elect TPL’s next Trustee. In the letter, the Trust requests a
response from Mr. Oliver by 5:00 pm Central Time on May 20, 2019.

The letter to Mr. Oliver follows:

Contacts

Media:
Abernathy MacGregor
Sydney Isaacs / Jeremy Jacobs
(713)
343-0427 / (212) 371-5999
sri@abmac.com
/ jrj@abmac.com

Investor
Relations:
MacKenzie Partners
Paul Schulman / David Whissel
(212)
929-5500 or (800) 322-2885
pschulman@mackenziepartners.com