Pembina Pipeline Corporation Announces April 2013 Dividend and Availability of Dividend Reinvestment Plan to U.S. Shareholders

Pembina Pipeline Corporation Announces April 2013 Dividend and Availability of
               Dividend Reinvestment Plan to U.S. Shareholders

PR Newswire

CALGARY, April 5, 2013

CALGARY, April 5, 2013 /PRNewswire/ - Pembina Pipeline Corporation ("Pembina"
or the "Company") (TSX: PPL) (NYSE: PBA) announces the availability of its
Dividend Reinvestment Plan ("DRIP") to U.S. shareholders effective
immediately.

The DRIP provides a convenient and cost-effective way for Pembina shareholders
to increase their investment in Pembina without incurring commissions, service
charges or similar fees in connection with the purchase of new common shares
from treasury (subject to any fees that may be charged by the broker,
investment dealer, financial institution or other nominee through which you
hold your shares). The new common shares purchased with reinvested dividends
will be issued from Pembina's treasury at a 5% discount to the average market
price (calculated under the DRIP). Subject to the policies of the broker,
investment dealer, financial institution or other nominee through whom the
shares are held, full investment of reinvested funds is possible since
fractions of shares can be credited to accounts maintained under the Plan.

U.S. shareholders are only permitted to participate in the dividend
reinvestment component of Pembina's Premium Dividend™ and Dividend
Reinvestment Plan. Only Canadian resident shareholders are currently permitted
to participate in the Premium Dividend™ component of the plan.

A copy of the prospectus relating to the DRIP, which has been filed with the
United States Securities and Exchange Commission as part of a Registration
Statement on Form F-3, may be obtained by contacting Investor Relations at
Pembina at 1-855-880-7404.  For information about how to enroll in the DRIP,
please contact Computershare Trust Company of Canada at 1-800-564-6253.

April 2013 Dividend

The Board of Directors of Pembina has declared an April 2013 cash dividend of
$0.135 per share to be paid, subject to applicable law, on May 15, 2013 to
shareholders of record on April 25, 2013. This dividend is designated an
"eligible dividend" for Canadian income tax purposes. For non-resident
shareholders, Pembina's dividends are considered "qualified dividends" and are
subject to Canadian withholding tax.

For shareholders receiving their dividends in U.S. funds, the April 2013 cash
dividend will be approximately U.S.$0.133 per share (before deduction of any
applicable Canadian withholding tax) based on a currency exchange rate of
0.9813. The actual U.S. dollar dividend will depend on the Canadian/U.S.
dollar exchange rate on the payment date and will be subject to applicable
withholding taxes.

Confirmation of Record Date Policy

Pembina pays cash dividends 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), 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.

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. Pembina owns and operates: pipelines that
transport conventional and synthetic crude oil and natural gas liquids
produced in western Canada; oil sands, heavy oil and diluent pipelines; gas
gathering and processing facilities; and, an oil and natural gas liquids
infrastructure and logistics business. With facilities strategically located
in western Canada and in natural gas liquids markets in eastern Canada and the
U.S., Pembina also offers a full spectrum of midstream and marketing services
that span across its operations. Pembina's integrated assets and commercial
operations enable it to offer services needed by the energy sector along the
hydrocarbon value chain.

SOURCE Pembina Pipeline Corporation

Contact:

Investor Relations
Hayley Nelson
(403) 231-3156
1-855-880-7404
e-mail:investor-relations@pembina.com
www.pembina.com
 
Press spacebar to pause and continue. Press esc to stop.