Holly Corporation Third Quarter 2004 Earnings Release and Conference Call DALLAS, Oct. 20 /PRNewswire-FirstCall/ -- Holly Corporation (NYSE:HOC) plans to announce results for the quarter ended September 30, 2004 on November 4, 2004. The company has scheduled a conference call on November 5, 2004 at 10:00AM EST to discuss financial results. Listeners may access this call by dialing (800) 858-5936. The ID# for this call is 1726713. Additionally, listeners may access the call through the Holly Corporation web site: http://www.hollycorp.com/ . A link to the call will be posted at this website prior to November 5. Holly Corporation, headquartered in Dallas, Texas, is an independent petroleum refiner and marketer that produces high value light products such as gasoline, diesel fuel and jet fuel. Holly operates through its subsidiaries a 75,000 bpd refinery located in Artesia, New Mexico, a 25,000 bpd refinery in Woods Cross, Utah, and an 8,000 bpd refinery in Great Falls, Montana. Holly also owns a majority interest (including the general partner interest) in Holly Energy Partners, L.P., which through subsidiaries owns or leases approximately 1,000 miles of refined product pipelines in the west Texas and New Mexico region and refined product terminals in several states. DATASOURCE: Holly Corporation CONTACT: Stephen J. McDonnell, Vice President and Chief Financial Officer, or M. Neale Hickerson, Vice President-Treasury & Investor Relations, both of Holly Corporation, +1-214-871-3555 Web site: http://www.hollycorp.com/

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