The Offering was first announced on July 17, 2013 when Pembina entered into an agreement with a syndicate of underwriters. Proceeds from the offering will be used to partially fund capital projects, to reduce short-term indebtedness and for other general corporate purposes of the Company and its affiliates. The Series 1 Preferred Shares will begin trading on the Toronto Stock Exchange today under the symbol PPL.PR.A. This news release does not constitute an offer to sell or a solicitation of an offer to buy the Series 1 Preferred Shares in any jurisdiction. The Series 1 Preferred Shares to be offered have not been and will not be registered under the United States Securities Act of 1933, as amended, or under any state securities laws, and may not be offered or sold within the United States. About Pembina Calgary -based Pembina Pipeline Corporation is a leading transportation and midstream service provider that has been serving North America's energy industry for nearly 60 years.