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Pembina Reaffirms Existing Transaction

Pembina Reaffirms Existing Transaction

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CALGARY, AB, July 16, 2021 /PRNewswire/ – Pembina Pipeline Corporation (“Pembina”) (TSX: PPL) (NYSE: PBA) today confirmed that it does not intend to increase or otherwise change the consideration of 0.50 common shares of Pembina offered under its proposed acquisition of all of the common shares of Inter Pipeline Ltd. (“Inter Pipeline”) (TSX: IPL) pursuant to the arrangement agreement signed by the parties, and unanimously recommended by the board of directors of Inter Pipeline (the “Strategic Combination”).

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