UNDERWRITING AGREEMENTUnderwriting Agreement • December 15th, 2023 • Pembina Pipeline Corp • Oil & gas field exploration services
TD Securities Inc., RBC Dominion Securities Inc. and Scotia Capital Inc., as Lead Underwriters (as defined herein), BMO Nesbitt Burns Inc., CIBC World Markets Inc., National Bank Financial Inc., ATB Capital Markets Inc., Mizuho Securities Canada Inc., Merrill Lynch Canada Inc., J.P. Morgan Securities Canada Inc., Peters & Co. Limited, Stifel Nicolaus Canada Inc. and Tudor, Pickering, Holt & Co. Securities – Canada, ULC (collectively, the “Underwriters”) understand that Pembina Pipeline Corporation (the “Corporation”) proposes to issue and sell 26,000,000 Subscription Receipts (as herein defined) at a purchase price of $42.85 per Subscription Receipt (the “Offering Price”). The 26,000,000 Subscription Receipts to be issued and sold at the Closing Time (as defined herein) are collectively referred to as the “Underwritten Securities”. The Corporation also proposes to issue and sell, at the election of the Underwriters, up to an additional 3,900,000 Subscription Receipts (the “Over-Allotme
