Pembina Pipeline Investor Presentation — May 2018

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Investor Day | M a y 2 9 , 2018 | TSX: PPL; NYSE: PBA

Forward -looking statements and information

This presentation contains certain forward -looking

statements and information that arebased onPembina's

expectations, estimates, projections andassumptions inlight

ofitsexperience anditsperception ofhistorical trends aswell

ascurrent market conditions and perceived business

opportunities .Insome cases, forward -looking information

can beidentified byterminology such as"expects", "will",

"would", "anticipates", "plans", "estimates", "develop",

"intends", "potential", "continue", "could", "forecast", "create",

"keep", andsimilar expressions suggesting future events or

future performance .

Inparticular, this presentation contains forward -looking

statements, including certain financial outlooks, pertaining to,

without limitation :financial results andfinancial ratios related

toand growth opportunities including :adjusted EBITDA

expectations, volume expectations, revenue amounts and

sources, future capital program, capital expenditures,

anticipated capacity, timing ofkey decisions, capital cost

expectations, andin-service dates forgrowth projects, further

expansion opportunities, counterparty exposure, fee-for-

service cash flows, future dividends which may bedeclared

onPembina's common shares and any future dividend

payment date;theongoing utilization andexpansions ofand

additions toPembina's business and asset base,

expectations regarding future commodity market supply,

demand andpricing andsupply anddemand forhydrocarbon