Mr. Dan Cuthbertson reports

KEYERA ANNOUNCES SECOND QUARTER 2023 DIVIDEND

Keyera Corp. today declared a quarterly cash dividend of 48 cents per common share for the second quarter of 2023. The dividend will be payable on June 30, 2023, to shareholders of record on June 15, 2023. The ex dividend date is June 14, 2023. This dividend is an eligible dividend for the purposes of the Income Tax Act (Canada). For non-resident shareholders, Keyera's dividends are subject to Canadian withholding tax.

About Keyera Corp.

Keyera Corp. operates an integrated Canadian-based energy infrastructure business with extensive interconnected assets and depth of expertise in delivering energy solutions. Its predominantly fee-for-service-based business consists of natural gas gathering and processing; natural gas liquids processing, transportation, storage, and marketing; iso-octane production and sales; and an industry-leading condensate system in the Edmonton/Fort Saskatchewan area of Alberta. Keyera strives to provide high-quality, value-added services to its customers across North America and is committed to conducting its business ethically, safely and in an environmentally and financially responsible manner.