Pembina Pipeline Corporation Declares February 2018 Common Share Dividend and Fourth Quarter/ Annual 2017 Results Conference Call and Webcast

Pembina pays cash dividends on its common shares in Canadian dollars on a monthly basis to shareholders of record on the 25th calendar day of each month (except for the December record date, which is December 31st ), if, as and when determined by the Board of Directors. Should the record date fall on a weekend or a statutory holiday, the effective record date will be the previous business day. The dividend payment date is the 15th of the month following the record date. Should the payment date fall on a weekend or on a holiday the business day prior to the weekend or holiday becomes the payment date.

Pembina will release its fourth quarter and full year 2017 results after markets close on Thursday, February 22, 2018 . A conference call and webcast have been scheduled for Friday, February 23, 2018 at 8:00 a.m. MT ( 10:00 a.m. ET ) for interested investors, analysts, brokers and media representatives.

The conference call dial-in numbers for Canada and the U.S. are 647-427-7450 or 888-231-8191. A recording of the conference call will be available for replay until March 2, 2018 at 9:59 p.m. ET . To access the replay, please dial either 416-849-0833 or 855-859-2056 and enter the password 4183359.

A live webcast of the conference call can be accessed on Pembina's website at www.pembina.com under Investor Centre, Presentation & Events, or by entering http://event.on24.com/r.htm?e=1586733&s=1&k=3CE57B902D3F2F30B65C86B7191430C0 in your web browser. Shortly after the call, an audio archive will be posted on the website for a minimum of 90 days.

Pembina will hold an Investor Day on Tuesday, May 29, 2018 at the Fairmont Royal York Hotel in Toronto, Ontario .

Parties interested in attending the event can email investor-relations@pembina.com to request an invite. A live webcast will begin at 8:30 a.m. ET . To register for the webcast, please click on the following link or enter the URL into your web browser: https://event.on24.com/wcc/r/1586882/175EA88F028C9CD48628882A2542CE5D.

The webcast and presentation will be accessible and available for replay through Pembina's website under Investor Centre, Presentations & Events.

Calgary -based Pembina Pipeline Corporation is a leading transportation and midstream service provider that has been serving North America's energy industry for over 60 years. Pembina owns and operates an integrated system of pipelines that transport various products derived from natural gas and hydrocarbon liquids produced primarily in western Canada . The Company also owns and operates gas gathering and processing facilities and an oil and natural gas liquids infrastructure and logistics business. Pembina's integrated assets and commercial operations along the majority of the hydrocarbon value chain allow it to offer a full spectrum of midstream and marketing services to the energy sector. Pembina is committed to working with its community and aboriginal neighbours, while providing value for investors in a safe, environmentally responsible manner. This balanced approach to operating ensures the trust Pembina builds among all of its stakeholders is sustainable over the long-term. Pembina's common shares trade on the Toronto and New York stock exchanges under PPL and PBA, respectively. For more information, visit www.pembina.com.

For further information: Investor Relations: Chelsy Hoy / Riley Hicks , (403) 231-3156, 1-855-880-7404, e-mail: investor-relations@pembina.com, www.pembina.com