Mr. Aaron Ames reports

TIDEWATER MIDSTREAM AND INFRASTRUCTURE LTD. ANNOUNCES THE CLOSING OF ITS SALE OF THE BRAZEAU RIVER ROADWAY NETWORK TO CRR

Tidewater Midstream and Infrastructure Ltd. has successfully closed the previously announced sale of its Brazeau River complex roadway network to Canadian Resource Roadways LP (CRR) for total proceeds of $24-million. Of the $24-million in total proceeds, $22.5-million was received upon closing of the transaction, with the balance expected to be received on or before Dec. 31, 2025. The proceeds will be used to permanently repay amounts outstanding on the corporation's three-year delayed-draw term loan. The BRC roadway network is a non-core asset of Tidewater, and the disposition of the BRC roadway network is expected to have an immaterial impact to Tidewater's 2025 operating results.

About Tidewater Midstream and Infrastructure Ltd.

Tidewater's business objective is to profitably grow and create shareholder value in the North American natural gas, natural gas liquids, crude oil, refined product and renewable-energy value chain. Its operations include downstream facilities, natural gas processing facilities, natural gas liquids infrastructure, pipelines, storage and various renewable initiatives. To complement its infrastructure asset base, the corporation also markets crude, refined product, natural gas, natural gas liquids, and renewable products and services to customers across North America. Tidewater is a majority shareholder of Tidewater Renewables.

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