Pembina Pipeline Receives TSX Approval To Repurchase Up To 29.1M Shares Under Renewed Buyback Program

Pembina Pipeline Corporation ("Pembina" or the "Company") (TSX:PPL, NYSE:PBA) announced today that the Toronto Stock Exchange (the "TSX") has approved the renewal of Pembina's normal course issuer bid (the "NCIB") to purchase up to five percent of its issued and outstanding common shares.

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Under the NCIB, purchases of common shares may be made through the facilities of the TSX, the New York Stock Exchange and/or alternative trading systems, commencing on May 19, 2026 and expiring on the earlier of May 18, 2027 and the date on which Pembina has acquired the maximum number of common shares allowable under the NCIB or the date on which Pembina otherwise decides not to make any further repurchases under the NCIB. As of May 5, 2026, Pembina had 581,435,185 common shares issued and outstanding and is therefore permitted to repurchase up to 29,071,759common shares, being five percent of its issued and outstanding common shares, pursuant to the NCIB. Common shares purchased under the NCIB will be cancelled.