Pembina Pipeline Income Fund

Pembina Pipeline Income Fund owns and manages the largest feeder crude oil and natural gas liquids (NGL) pipeline systems (58% of EBITDA in 9M 2007) in British Columbia and Alberta, as well as the Syncrude Pipeline and the Cheecham Lateral (15%), which service the Syncrude Canada Ltd. oil sands. It acquired a 50% interest in Fort Saskatchewan Ethylene Storage Facility in June 2003 and has other midstream business (27%). Virtually all cash flow generated by Pembina Pipeline Corporation is flowed through to the Pembina Pipeline Income Fund’s unitholders in a tax-efficient manner.