An anonymous director reports

GIBSON ENERGY ANNOUNCES RENEWAL OF NORMAL COURSE ISSUER BID

Gibson Energy Inc. has renewed its normal course issuer bid (NCIB).

The Toronto Stock Exchange has accepted Gibson's notice of intention to commence its NCIB for an additional one-year period. This enables the company to purchase and cancel up to 7,251,988 common shares, representing 5 per cent of the company's public float as of Sept. 4, 2026, over the 12-month period commencing Sept. 18, 2026, in accordance with the applicable rules and policies of the TSX and applicable securities laws. As of Sept. 4, 2026, the company had 172,561,791 common shares issued and outstanding.

Under the NCIB, common shares may be repurchased in open market transactions on the TSX and/or other Canadian alternative trading platforms. In accordance with the rules of the TSX governing an NCIB, the total number of common shares the company is permitted to purchase is subject to a daily purchase limit of 202,097 common shares, representing 25 per cent of the average daily trading volume of 808,390 common shares on the TSX calculated for the six-month period ended Aug. 31, 2026. The NCIB will terminate at the earlier of Sept. 17, 2027, and the date on which the maximum number of common shares that can be acquired pursuant to the NCIB has been purchased.

The price that Gibson will pay for common shares in open market transactions will be the market price at the time of purchase. Gibson continues to believe that the availability of an NCIB will enable the company to maximize return to shareholders. The actual number of common shares that may be purchased, if any, and the timing of any such purchases, will be determined by Gibson based on several factors, including the continued adherence to its financial principles. Gibson has not purchased any common shares under its normal course issuer bid that commenced on Sept. 18, 2025, and will end on Sept. 17, 2026. Ten million one hundred eighty-two thousand two hundred eighty-eight common shares were approved for purchase under the prior NCIB.

The company expects to enter into an automatic purchase plan with its broker, BMO Nesbitt Burns Inc., to facilitate purchases of its common shares. The automatic purchase plan allows for purchases by the company of its common shares at any time, including, without limitation, when the company would ordinarily not be permitted to make purchases due to regulatory restriction or self-imposed blackout periods. Purchases will be made by Gibson's broker based upon the parameters prescribed by the TSX and the terms of the parties' written agreement.

About Gibson Energy Inc.

Gibson is a leading liquids infrastructure company providing storage, optimization, processing, gathering and waterborne vessel loading services for liquids and refined products. Headquartered in Calgary, Alta., the company's operations are located across North America, with core terminal assets in Hardisty and Edmonton, Alta., Ingleside and Wink, Tex., and a facility in Moose Jaw, Sask.

Gibson shares trade under the symbol GEI and are listed on the Toronto Stock Exchange.

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