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Investor Presentaiton

North Pine NGL Separation Facility to Serve Montney Producers ■ NGL facility to serve Montney producers in northeast British Columbia, near Fort St. John On-stream December 1, 2017 First train capable of producing up to 10,000 Bbls/d of C3+ processing capacity, with capacity of 6,000 Bbls/d of C5+ Two NGL supply pipelines will be constructed connecting the existing Alaska Highway truck terminal to the facility Well connected by rail to Canada's west coast including the Ridley Island Propane Export Terminal Backstopped by long-term supply agreements with Painted Pony for a portion of total capacity Expect further supply agreements with other producers The $120 million project was completed ahead of schedule and approximately $15 million under budget¹ Permitting in place for a second NGL separation train capable of processing up to 10,000 Bbls/d of propane plus NGL mix. Construction expected to follow after the completion of the first train, subject to sufficient commercial support from area producers AltaGas 1 Includes first train and two liquids supply lines 2 Expectations as at August 1, 2018 See "forward-looking information" 40
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