Mr. Alex Coles reports

PARKLAND TEMPORARILY SHUTS DOWN REFINERY PROCESSING OPERATIONS; WILL MAINTAIN RELIABLE FUEL SUPPLY TO LOWER MAINLAND AND VANCOUVER ISLAND

Parkland Corp. has temporarily shut down processing operations at the Burnaby refinery. To ensure reliability of supply, Parkland has increased imports of refined products into the company's on-site shipping terminal, which will be safely delivered to customers across the lower mainland and Vancouver Island.

"Due to recent extreme cold weather, we pro-actively initiated steps to pause processing operations at the refinery," said Alex Coles, vice-president and general manager, Burnaby refinery. "While restarting, we encountered an issue with a processing unit on Jan. 21, 2024. As a result, we paused the restart and the refinery's processing operations remain temporarily shutdown."

The refinery's blending, shipping, terminal and rack activities remain operational. This enables refined fuels to be offloaded from ships and rail directly into the refinery, where they can be safely stored and reliably distributed to customers. The company expects the refinery will return to normal operations in approximately four weeks.

About Parkland Corp.

Parkland is an international fuel distributor, marketer and convenience retailer with operations in 25 countries across the Americas. It serves over one million customers each day. Its vast retail network meets the fuel and convenience needs of everyday consumers. Its commercial operations provide businesses with industrial fuels so that they can better serve their customers. With approximately 4,000 retail and commercial locations across Canada, the United States and the Caribbean region, it has developed supply, distribution and trading capabilities to accelerate growth and business performance.

In addition to meeting its customers' needs for essential fuels, it provides a range of choices to help them lower their environmental impact. These include carbon and renewables trading, solar power, renewables manufacturing, and ultrafast electric vehicle charging. Parkland's proven business model is centred around organic growth and its supply advantage, and is driven by scale, its integrated refinery and supply infrastructure, and focus on acquiring prudently and integrating.

Its strategy is focused on developing its existing business in resilient markets, expanding its food, convenience and renewable energy businesses, and helping customers to decarbonize. Its business is underpinned by its people and its values of safety, integrity, community and respect, which are deeply embedded across the organization.

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