Pembina Pipeline (PPL) investor relations material

Opening remarks and agenda

• Meeting opened with a land acknowledgement and recognition of Indigenous communities and their stewardship of the land.

• Emphasis on Pembina's commitment to economic reconciliation and partnerships with Indigenous peoples.

• Meeting held virtually, ensuring shareholder participation, voting, and Q&A opportunities.

Board and executive committee updates

• Introduction of board members, executive officers, and auditors present at the meeting.

• Anne-Marie Ainsworth recognized for her retirement and contributions to safety, environment, and diversity.

Shareholder proposals

• Shareholder question raised regarding oversight and risk assessment for projects lacking Indigenous consent.

• Board clarified non-involvement in the referenced pipeline and outlined robust governance and risk management for capital projects, including Indigenous rights considerations.