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Pembina Pipeline Corporation Declares Quarterly Preferred Share Dividends and Announces First Quarter 2023 Results Conference Call and Webcast

Press Release

Wed, 05 Apr 2023

CALGARY, Alberta — Pembina Pipeline Corporation (“Pembina” or the “Company”) (TSX: PPL; NYSE: PBA) announced today that its 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 June 1, 2023, to shareholders of record on May 1, 2023. Series 15, 17 and 19 preferred share dividends are payable on June 30, 2023, to shareholders of record on June 15, 2023. Series 25 preferred share dividends are payable on May 15, 2023, to shareholders of record on May 1, 2023.

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)

$0.485584

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 First Quarter 2023 Results

Pembina will release its first quarter 2023 results on Thursday, May 4, 2023, after markets close. A conference call and webcast have been scheduled for Friday, May 5, 2023, at 8:00 a.m. MT (10:00 a.m. ET) for interested investors, analysts, brokers and media representatives.

The conference call dial-in numbers for Canada and the U.S. are 1-416-764-8658 or 1-888-886-7786. A recording of the conference call will be available for replay until Friday, May 12, 2023 at 11:59 p.m. ET. To access the replay, please dial either 1-416-764-8692 or 1-877-674-7070 and enter the password 350288#.

A live webcast of the conference call can be accessed on Pembina’s website at www.pembina.com under Investor Centre, Presentation & Events, or by entering:

https://events.q4inc.com/attendee/937432554 in your web browser. Shortly after the call, an audio archive will be posted on the website for a minimum of 90 days.

About Pembina

Pembina Pipeline Corporation is a leading energy transportation and midstream 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 terminals business. Through our integrated value chain, we seek to provide safe and reliable infrastructure solutions which connect producers and consumers of energy across the world, support a more sustainable future and benefit our customers, investors, employees and communities. For more information, please visit pembina.com.

Pembina’s common shares trade on the Toronto and New York stock exchanges under PPL and PBA, respectively. For more information, visit www.pembina.com.

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