Mr. Scott Burrows reports

PEMBINA CONGRATULATES META AND THE GOVERNMENT OF ALBERTA ON NEW DATA CENTRE INVESTMENT

Pembina Pipeline Corp., Morgan Stanley Infrastructure Partners (MSIP) and Kineticor Asset Management, partners in the Greenlight Electricity Centre LP, congratulate Meta and the Province of Alberta on today's announcement of a major new data centre project in Alberta.

Members of Pembina's leadership team joined Meta, Alberta Premier Danielle Smith, representatives of the government of Alberta and Sturgeon County, and other partners to mark the milestone. Investments like this reflect Alberta's ability to attract world-class projects by combining abundant energy resources, a skilled work force, and a strong business and policy environment.

Today's announcement follows the recent positive final investment decision on the Greenlight Electricity Centre -- a dedicated, behind-the-metre power generation project that will provide the reliable, large-scale electricity needed to power Meta's data centre.

"Dedicated, contracted gas-to-power infrastructure represents a promising new growth platform and we are proud of the role Greenlight is playing in supporting this exciting new industry," said Scott Burrows, Pembina's president and chief executive officer. "Further, gas to power for data centres will catalyze new natural gas demand supporting higher production of Western Canadian hydrocarbons, which will provide additional benefits to our customers, the province of Alberta and Pembina."

"Congratulations to Meta, the government of Alberta, Invest Alberta, Sturgeon County and everyone who helped bring this opportunity forward. We look forward to working together."

For further information on the Greenlight Electricity Centre, see the news release titled "Pembina Pipeline Announces Positive Final Investment Decision on the Greenlight Electricity Centre."

About Pembina Pipeline Corp.

Pembina Pipeline is a leading energy transportation and mid-stream service provider that has served North America's energy industry for more than 70 years. Pembina owns an extensive network of strategically located assets, including hydrocarbon liquids and natural gas pipelines, gas gathering and processing facilities, oil and natural gas liquids infrastructure and logistics services, and an export terminals business. Through its integrated value chain, the company seeks to provide safe and reliable energy solutions that connect producers and consumers across the world, support a more sustainable future, and benefit its customers, investors, employees and communities.

Purpose of Pembina: The company delivers extraordinary energy solutions so the world can thrive.

Pembina is structured into three divisions: pipelines division; facilities division; and marketing and new ventures division.

Pembina's common shares trade on the Toronto Stock Exchange and New York Stock Exchange under PPL and PBA, respectively.

About Morgan Stanley Infrastructure Partners

MSIP is a leading global private infrastructure investment platform with approximately $17-billion in capital commitments since inception. Founded in 2006, MSIP has invested in a diverse portfolio across transportation, digital, energy transition, and water and waste. MSIP targets assets that provide essential public goods and services with the potential for value creation through active ownership.

About Kineticor Asset Management

Kineticor is a leading developer, manager and operator of power generation facilities within Alberta. With a portfolio exceeding 2,700 megawatts in various stages of development and operations, Kineticor is committed to efficiently developing innovative power solutions that support Canada's evolving power needs.