An anonymous director reports

PEMBINA PIPELINE CORPORATION DECLARES QUARTERLY PREFERRED SHARE DIVIDENDS AND ANNOUNCES SECOND QUARTER 2023 RESULTS CONFERENCE CALL AND WEBCAST

Pembina Pipeline Corp.'s board of directors has declared quarterly dividends for the company's preferred shares, Series 1, 3, 5, 7, 9, 15, 17, 19, 21, 22 and 25. Series 1, 3, 5, 7, 9, 21 and 22 preferred share dividends are payable on Sept. 1, 2023, to shareholders of record on Aug. 1, 2023. Series 15, 17 and 19 preferred share dividends are payable on Oct. 2, 2023, to shareholders of record on Sept. 15, 2023. Series 25 preferred share dividends are payable on Aug. 15, 2023, to shareholders of record on July 31, 2023.

 
              DIVIDENDS ON PREFERRED SHARES

Series                                    Dividend amount

Preferred shares, Series 1 (PPL.PR.A)           $0.306625
Preferred shares, Series 3 (PPL.PR.C)           $0.279875
Preferred shares, Series 5 (PPL.PR.E)           $0.285813
Preferred shares, Series 7 (PPL.PR.G)           $0.273750
Preferred shares, Series 9 (PPL.PR.I)           $0.268875
Preferred shares, Series 15 (PPL.PR.O)          $0.385250
Preferred shares, Series 17 (PPL.PR.Q)          $0.301313
Preferred shares, Series 19 (PPL.PR.S)          $0.292750
Preferred shares, Series 21 (PPL.PF.A)          $0.393875
Preferred shares, Series 22 (PPL.PF.B)          $0.485836
Preferred shares, Series 25 (PPL.PF.E)          $0.405063

Confirmation of record and payment date policy

Pembina pays cash dividends in Canadian dollars on its preferred shares, Series 1, 3, 5, 7, 9, 21 and 22 on the first day of March, June, September and December in each year, if, as and when declared by the board of directors to shareholders of record on the first day of the preceding month or, if such payment or record date is not a business day, the next succeeding business day after the weekend or statutory holiday. Dividends on the preferred shares, Series 15, 17 and 19, are payable on the last day of March, June, September and December in each year, if, as and when declared by the board of directors to shareholders of record on the 15th day of the same month or, if such payment or record date is not a business day, the next succeeding business day after the weekend or statutory holiday. Dividends on the preferred shares, Series 25, are payable on the 15th day of February, May, August and November in each year, if, as and when declared by the board of directors to shareholders of record on the last day of the preceding month or, if such payment or record date is not a business day, the next succeeding business day after the weekend or statutory holiday.

Conference call and webcast details for second quarter 2023 results

Pembina will release its second quarter 2023 results on Thursday, Aug. 3, 2023, after markets close. A conference call and webcast have been scheduled for Friday, Aug. 4, 2023, at 8 a.m. MT (10 a.m. ET) for interested investors, analysts, brokers and media representatives.

The conference call dial-in numbers for Canada and the United States are 1-416-764-8658 or 1-888-886-7786. A recording of the conference call will be available for replay until Friday, Aug. 11, 2023, at 11:59 p.m. ET. To listen to the replay, please dial either 1-416-764-8692 or 1-877-674-7070 and enter the passcode 170209 followed by the number sign.

A live webcast of the conference call will be available on Pembina's website under investor centre, presentation and events.

Shortly after the call, an audio archive will be posted on the website for a minimum of 90 days.

About Pembina Pipeline Corp.

Pembina is a leading energy transportation and mid-stream service provider that has served North America's energy industry for more than 65 years. Pembina owns an integrated network of hydrocarbon liquids and natural gas pipelines, gas gathering and processing facilities, oil and natural gas liquids infrastructure and logistics services, and a growing export terminal business. Through its integrated value chain, it seeks to provide safe and reliable infrastructure solutions which connect producers and consumers of energy across the world, support a more sustainable future, and benefit its customers, investors, employees and communities.

Pembina's common shares trade on the Toronto and New York stock exchanges under PPL and PBA, respectively.

We seek Safe Harbor.