Ms. Dorreen Miller reports

VERESEN ANNOUNCES COMMON SHARE DIVIDEND FOR OCTOBER 2014 AND RE-INTRODUCES PREMIUM DIVIDEND(TM)

Veresen Inc.'s board of directors has declared a cash dividend for October, 2014, of 8.33 cents per common share. The dividend will be paid on Nov. 21, 2014, to shareholders of record at the close of business on Oct. 31, 2014. This dividend is designated an "eligible dividend" for Canadian income tax purposes.

The dividend is eligible to be reinvested by shareholders, at a 5-per-cent discount, in common shares of Veresen under the dividend reinvestment component of the Premium Dividend and dividend reinvestment plan of Veresen, to be held for their account under the plan, or such shareholders may have these additional common shares delivered to a designated plan broker in exchange for a premium cash payment equal to 102 per cent of the reinvested amount under the Premium Dividend component of the plan.

Registered shareholders of Veresen who have not previously enrolled in the plan and who wish to enroll in the plan with respect to the October, 2014, cash dividend and future cash dividends declared by Veresen must deliver to Computershare Trust Company of Canada, as plan agent, a completed enrolment form, which is available at the Computershare website, at or before 5 p.m. (ET) on Oct. 24, 2014. A copy of the enrolment form may also be obtained by calling Computershare Trust Company of Canada at 1-800-564-6253 or from Veresen's website.

Beneficial shareholders of Veresen who have not previously enrolled in the plan and who wish to participate in the plan with respect to the October, 2014, cash dividend and future cash dividends declared by Veresen should contact their broker, investment dealer, financial institution or other nominee to provide appropriate enrolment instructions and to ensure any deadlines or other requirements that such nominee may impose or be subject to are met.