Tidewater Midstream closes pipeline segment purchase

Mr. Ian Quartly reports TIDEWATER MIDSTREAM AND INFRASTRUCTURE LTD. ANNOUNCES THE CLOSING OF THE ACQUISITION OF THE NORTH SEGMENT OF THE WESTERN PIPELINE Tidewater Midstream and Infrastructure Ltd. has closed the previously announced transaction to acquire, through a wholly owned limited partnership, the north segment of the Western pipeline system from Pembina Pipeline Corp. and certain of its affiliates. The Western pipeline is a key infrastructure asset to Tidewater, connecting the Prince George refinery (PGR) to crude supply in northeastern British Columbia. Integration of the Western pipeline within Tidewater's downstream operations and capital program is expected to deliver meaningful operational efficiencies, enhancing Tidewater's ability to optimize its feedstock procurement and cost structure at the PGR. About Tidewater Midstream and Infrastructure Ltd. Tidewater is traded on the Toronto Stock Exchange under the symbol TWM. Tidewater's business objective is to profitably grow and create shareholder value in the North American natural gas, natural gas liquids, crude oil, refined product and renewable energy value chain. Its operations include downstream facilities, natural gas processing facilities, natural gas liquids infrastructure, pipelines, storage and various renewable initiatives. To complement its infrastructure asset base, the corporation also markets crude, refined product, natural gas, natural gas liquids, and renewable products and services to customers across North America. Tidewater is a majority shareholder of Tidewater Renewables Ltd. We seek Safe Harbor.