Pembina Pipeline Corporation Provides Notice of Series 25 Preferred Share Conversion Right, Declares Quarterly Preferred Share Dividends, and Announces Fourth Quarter 2022 Results Conference Call and Webcast

CALGARY, AB, Jan. 16, 2023 /PRNewswire/ - Pembina Pipeline Corporation ("Pembina" or the "Company") (TSX:PPL.TO); (NYSE:PBA) announced today that it does not intend to exercise its right to redeem the currently outstanding Cumulative Redeemable Minimum Rate Reset Class A Preferred Shares, Series 25 ("Series 25 Shares") (TSX:PPL-PF-E.TO) on February 15, 2023. The Company also announced that its Board of Directors has declared quarterly dividends for the Company's preferred shares, Series 1, 3, 5, 7, 9, 15, 17, 19, 21 and 25.