An anonymous director reports

GIBSON ENERGY ANNOUNCES CLOSING OF $215 MILLION BOUGHT DEAL OFFERING OF COMMON SHARES AND EXERCISE IN FULL OF OVER-ALLOTMENT OPTION

Gibson Energy Inc. has closed its previously announced bought deal offering of common shares. Pursuant to the equity offering, Gibson issued a total of 8,160,325 common shares, inclusive of the common shares issued pursuant to the exercise in full of the overallotment option granted to the underwriters. The common shares were issued at an offering price of $26.35 per common share for total gross proceeds of approximately $215-million.

The net proceeds from the equity offering are intended to be used by Gibson to finance a portion of the purchase price to acquire Teine Energy Ltd.'s Chauvin infrastructure Assets, as previously announced. Closing of the transaction is expected to occur in the second quarter of 2026, subject to the satisfaction of customary closing conditions, including clearance under the Competition Act (Canada) and other applicable regulatory reviews.

The equity offering was made through a syndicate of underwriters co-led by CIBC Capital Markets and Bank of Nova Scotia.

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, as well as waterborne vessel loading. Headquartered in Calgary, Alta., the company's operations are located across North America, with core terminal assets in Hardisty and Edmonton, Alta., Ingleside and Wink, 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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