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Pembina financial update

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World Pipelines,

Pembina Pipeline Corporation has announced that its Board of Directors declared a common share cash dividend for February 2018 of CAN$0.18 per share to be paid, subject to applicable law, on 15 March 2018 to shareholders of record on 25 February 2018.

This dividend is designated an ‘eligible dividend’ for Canadian income tax purposes. For non-resident shareholders, Pembina's common share dividends should be considered ‘qualified dividends’ and may be subject to Canadian withholding tax.

For shareholders receiving their common share dividends in US funds, the February 2018 cash dividend is expected to be approximately US$0.1454 per share (before deduction of any applicable Canadian withholding tax) based on a currency exchange rate of 0.8078. The actual US dollar dividend will depend on the Canadian/US dollar exchange rate on the payment date and will be subject to applicable withholding taxes.

Pembina will release its fourth quarter and full year 2017 results after markets close on Thursday 22 February 2018. A conference call and webcast have been scheduled for Friday 23 February 2018 at 8:00 a.m. MT (10:00 a.m. ET) for interested investors, analysts, brokers and media representatives.

Pembina will also hold an Investor Day on Tuesday 29 May 2018 at the Fairmont Royal York Hotel in Toronto, Ontario.

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