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Investor Presentaiton

Gordondale: New Long-Term Processing Arrangement Maximizing the long-term value and returns of deep cut facility New long-term take-or-pay agreement for at least 15 years ■ Agreement provides stable long-term cash flow by filling the existing operational capacity of 120 Mmcf/d Enables AltaGas to source third party gas for the first time, in addition to Birchcliff ☐ Active discussions with third party producers to tie in additional gas from the Gordondale/Pouce Coupe area within the liquids rich Alberta Montney Incremental volumes will maximize existing licensed capacity of 150 Mmcd/d (2017A volumes were 100 Mmcf/d)1, and lay the ground work for future plant expansion Growing propane volumes to be dedicated to AltaGas' Ridley Island Propane Export Terminal AltaGas 1 Excluding planned turnaround. Including turnaround volumes were 94 Mmcf/d * Expectations as at August 1, 2018. See "forward-looking information" 36
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