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Pembina closes public note offering

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World Pipelines,

Pembina Pipeline Corporation (Pembina) has recently closed its previously announced offering of CAN$600 million of senior unsecured medium term notes (the offering). The offering was conducted in two tranches. Firstly, CAN$300 million in senior unsecured medium term notes, series 8 with a fixed coupon of 2.99% per annum, paid semi-annually, and maturing on 22 January 2024. Secondly, CAN$300 million in senior unsecured medium term notes, series 9 having a fixed coupon of 4.74% per annum, paid semi-annually and maturing on 21 January 2047.

The offering was announced on 17 January 2017. Both the series 8 notes and series 9 notes were offered through a syndicate of dealers under Pembina's short form base shelf prospectus dated 18 March 2015, as supplemented by a prospectus supplement dated 11 June 2015 and a related pricing supplement dated 17 January 2017.

The net proceeds will be used to repay short term indebtedness of the Company under its credit facilities, as well as to fund Pembina's capital programme and for other general corporate purposes.

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