An anonymous director of Pembina Pipeline reports

PEMBINA PIPELINE CORPORATION RECEIVES CANADIAN COMPETITION BUREAU APPROVAL FOR THE PROPOSED ACQUISITION OF ENBRIDGE'S INTEREST IN ALLIANCE/AUX SABLE

Pembina Pipeline Corp. has received a no-action letter from the Canadian Competition Bureau confirming that the Commissioner of Competition does not intend to challenge the proposed acquisition by Pembina of Enbridge Inc.'s interests in the Alliance, Aux Sable and NRGreen joint ventures. The receipt of the no-action letter satisfies the last material regulatory condition necessary for completion of the transaction, which is expected to occur on April 1, 2024.

About Pembina Pipeline Corp.

Pembina Pipeline is a leading energy transportation and mid-stream service provider that has served North America's energy industry for 70 years. Pembina owns an integrated network of hydrocarbon liquids and natural gas pipelines, gas gathering and processing facilities, oil and natural gas liquids infrastructure and logistics services, and an export terminals business. Through its integrated value chain, the company seeks to provide safe and reliable energy solutions that connect producers and consumers across the world, support a more-sustainable future, and benefit its customers, investors, employees and communities.

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