Mr. Dean Setoguchi reports

KEYERA INCREASES QUARTERLY DIVIDEND BY 4.2% AND ANNOUNCES THIRD QUARTER DISTRIBUTION

Keyera Corp. is increasing its quarterly cash dividend per common share by 4.2 per cent from 48 cents to 50 cents, or $2 annually. The dividend payment for the third quarter of 2023 will be 50 cents per common share and will be payable on Sept. 29, 2023, to shareholders of record on Sept. 15, 2023. The ex dividend date is Sept. 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.

"I'm pleased to announce that Keyera is returning to its long history of sustainable dividend growth," said Dean Setoguchi, president and chief executive officer. "Dividend growth is supported by the growth and stability of our fee-for-service business segments."

About Keyera Corp.

Keyera 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.