Mr. Sean Brown reports

GIBSON ENERGY ANNOUNCES 5% DIVIDEND INCREASE AND DECLARES DIVIDEND

Gibson Energy Inc.'s board of directors has approved a quarterly dividend of 41 cents per common share payable on April 17, 2024, to shareholders of record at the close of business on March 28, 2024. This dividend is designated as an eligible dividend for Canadian income tax purposes. For non-resident shareholders, Gibson's dividends are subject to Canadian withholding tax.

"With the benefit of the successful acquisition and integration of the south Texas Gateway terminal into our portfolio, which substantially increased our long-term, stable cash flows from infrastructure, we are pleased to continue the annual growth of our dividend," said Sean Brown, senior vice-president and chief financial officer. "This dividend increase shows our continued commitment to driving shareholder value while adhering to our stated capital allocation philosophy and financial governing principles."

About Gibson Energy Inc.

Gibson is a leading liquids infrastructure company with its principal businesses consisting of the storage, optimization, processing and gathering of liquids and refined products. Headquartered in Calgary, Alta., the company's operations are located across North America, with core terminal assets in Hardisty and Edmonton, Alta., and Ingleside, Tex., and a facility in Moose Jaw, Sask.

Gibson shares trade under the symbol GEI and are listed on the Toronto Stock Exchange.

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