PEMBINA PIPELINE CORP

Ticker: PBA CUSIP: 706327103 Class: Common Stock

CANADA PENSION PLAN INVESTMENT BOARD's Holding History (CIK: 0001283718)

Note: Option positions (PUT/CALL) are excluded.

Q4 2025

Shares 5,980,313 Value ($000) $227,836 Avg Close $38.46 Range $36.39 - $42.40

Q3 2025

Shares 6,436,977 Value ($000) $260,206 Avg Close $37.73 Range $35.45 - $40.89

Q2 2025

Shares 2,542,525 Value ($000) $95,526 Avg Close $37.32 Range $33.67 - $40.52

Q1 2025

Shares 8,387,525 Value ($000) $335,545 Avg Close $36.64 Range $33.86 - $40.15

Q4 2024

Shares 8,387,525 Value ($000) $309,498 Avg Close $39.30 Range $34.81 - $41.79

Q3 2024

Shares 8,387,525 Value ($000) $346,130 Avg Close $37.23 Range $34.96 - $40.00

Q2 2024

Shares 8,387,525 Value ($000) $311,142 Avg Close $33.95 Range $31.71 - $35.58

Q1 2024

Shares 5,344,325 Value ($000) $188,814 Avg Close $31.94 Range $30.32 - $33.43

Q4 2023

Shares 2,863,755 Value ($000) $99,078 Avg Close $29.27 Range $25.64 - $32.14

Q3 2023

Shares 1,990,655 Value ($000) $60,132 Avg Close $27.70 Range $26.75 - $28.61

Q2 2023

Shares 4,104,855 Value ($000) $129,203 Avg Close $28.25 Range $26.53 - $30.15

Q1 2023

Shares 3,678,355 Value ($000) $118,992 Avg Close $29.42 Range $26.10 - $31.98

Q4 2022

Shares 1,521,295 Value ($000) $51,602 Avg Close $28.92 Range $25.40 - $31.95

Q3 2022

Shares 2,445,295 Value ($000) $74,673 Avg Close $30.32 Range $25.90 - $32.54

Q2 2022

Shares 6,683,905 Value ($000) $235,759 Avg Close $32.30 Range $27.77 - $35.96

Q1 2022

Shares 6,683,905 Value ($000) $251,345 Avg Close $27.96 Range $24.42 - $31.87

Q4 2021

Shares 6,683,905 Value ($000) $203,033 Avg Close $25.94 Range $23.62 - $28.14

Q3 2021

Shares 6,683,905 Value ($000) $211,832 Avg Close $25.30 Range $23.73 - $26.83

Q2 2021

Shares 6,683,905 Value ($000) $212,613 Avg Close $24.77 Range $22.42 - $27.14

Q1 2021

Shares 6,683,905 Value ($000) $193,043 Avg Close $21.56 Range $18.36 - $24.11

Q4 2020

Shares 9,721,905 Value ($000) $229,693 Avg Close $17.88 Range $15.27 - $20.94

Q3 2020

Shares 8,021,905 Value ($000) $169,717 Avg Close $18.31 Range $15.50 - $20.19

Q2 2020

Shares 8,159,805 Value ($000) $203,336 Avg Close $16.93 Range $11.94 - $21.10

Q1 2020

Shares 5,804,905 Value ($000) $107,668 Avg Close $23.51 Range $7.59 - $29.07

Q4 2019

Shares 2,131,105 Value ($000) $79,098 Avg Close $25.28 Range $24.27 - $26.53

Q3 2019

Shares 116,440 Value ($000) $4,319 Avg Close $25.88 Range $24.53 - $26.79

Q1 2019

Shares 300,000 Value ($000) $11,024 Avg Close $24.14 Range $19.75 - $25.94

Q4 2018

Shares 77,400 Value ($000) $2,296 Avg Close $22.35 Range $19.10 - $23.85

Q3 2018

Shares 14,957 Value ($000) $508 Avg Close $23.15 Range $21.72 - $24.54

Q2 2018

Shares 240,168 Value ($000) $8,313 Avg Close $22.01 Range $19.18 - $23.28

Q1 2018

Shares 168 Value ($000) $5 Avg Close $21.53 Range $19.59 - $23.92

Q4 2017

Shares 10 Value ($000) $0 Avg Close $22.28 Range $20.42 - $23.46

Q3 2017

Shares 21 Value ($000) $1 Avg Close $21.33 Range $19.86 - $22.92

Q2 2017

Shares 7,921 Value ($000) $262 Avg Close $20.48 Range $19.14 - $21.28

Q1 2017

Shares 29,900 Value ($000) $945 Avg Close $19.87 Range $19.03 - $20.82

Q4 2016

Shares 29,950 Value ($000) $937 Avg Close $18.66 Range $16.93 - $19.77

Q3 2016

Shares 44,950 Value ($000) $1,367 Avg Close $18.37 Range $17.16 - $19.25

Q2 2016

Shares 62,250 Value ($000) $1,882 Avg Close $17.60 Range $15.35 - $19.53

Q1 2016

Shares 75,250 Value ($000) $2,043 Avg Close $13.88 Range $10.56 - $16.47

Q4 2015

Shares 75,250 Value ($000) $1,633 Avg Close $14.05 Range $11.85 - $16.34

Q3 2015

Shares 75,250 Value ($000) $1,802 Avg Close $16.17 Range $13.34 - $18.73

Q2 2015

Shares 128,068 Value ($000) $4,141 Avg Close $19.08 Range $17.88 - $20.51

Q1 2015

Shares 141,150 Value ($000) $4,462 Avg Close $18.11 Range $16.80 - $20.84

Q4 2014

Shares 167,250 Value ($000) $6,114 Avg Close $21.12 Range $16.89 - $23.78

Q3 2014

Shares 148,750 Value ($000) $6,280 Avg Close $24.32 Range $22.26 - $27.03

Q2 2014

Shares 417,997 Value ($000) $18,016 Avg Close $21.91 Range $20.45 - $23.64

Q1 2014

Shares 313,087 Value ($000) $11,902 Avg Close $19.11 Range $18.13 - $20.92

Q4 2013

Shares 2,241,213 Value ($000) $78,933 Avg Close $17.57 Range $16.70 - $19.04

Q3 2013

Shares 2,064,913 Value ($000) $68,583 Avg Close $16.59 Range $15.86 - $17.74

Q2 2013

Shares 1,393,453 Value ($000) $42,506 Avg Close $16.65 Range $15.11 - $18.08

Q1 2013

Shares 1,136,153 Value ($000) $35,898 Avg Close $15.20 Range $14.34 - $16.41

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2025	5,980,313	$227,836	$38.46	$36.39 - $42.40
Q3 2025	6,436,977	$260,206	$37.73	$35.45 - $40.89
Q2 2025	2,542,525	$95,526	$37.32	$33.67 - $40.52
Q1 2025	8,387,525	$335,545	$36.64	$33.86 - $40.15
Q4 2024	8,387,525	$309,498	$39.30	$34.81 - $41.79
Q3 2024	8,387,525	$346,130	$37.23	$34.96 - $40.00
Q2 2024	8,387,525	$311,142	$33.95	$31.71 - $35.58
Q1 2024	5,344,325	$188,814	$31.94	$30.32 - $33.43
Q4 2023	2,863,755	$99,078	$29.27	$25.64 - $32.14
Q3 2023	1,990,655	$60,132	$27.70	$26.75 - $28.61
Q2 2023	4,104,855	$129,203	$28.25	$26.53 - $30.15
Q1 2023	3,678,355	$118,992	$29.42	$26.10 - $31.98
Q4 2022	1,521,295	$51,602	$28.92	$25.40 - $31.95
Q3 2022	2,445,295	$74,673	$30.32	$25.90 - $32.54
Q2 2022	6,683,905	$235,759	$32.30	$27.77 - $35.96
Q1 2022	6,683,905	$251,345	$27.96	$24.42 - $31.87
Q4 2021	6,683,905	$203,033	$25.94	$23.62 - $28.14
Q3 2021	6,683,905	$211,832	$25.30	$23.73 - $26.83
Q2 2021	6,683,905	$212,613	$24.77	$22.42 - $27.14
Q1 2021	6,683,905	$193,043	$21.56	$18.36 - $24.11
Q4 2020	9,721,905	$229,693	$17.88	$15.27 - $20.94
Q3 2020	8,021,905	$169,717	$18.31	$15.50 - $20.19
Q2 2020	8,159,805	$203,336	$16.93	$11.94 - $21.10
Q1 2020	5,804,905	$107,668	$23.51	$7.59 - $29.07
Q4 2019	2,131,105	$79,098	$25.28	$24.27 - $26.53
Q3 2019	116,440	$4,319	$25.88	$24.53 - $26.79
Q1 2019	300,000	$11,024	$24.14	$19.75 - $25.94
Q4 2018	77,400	$2,296	$22.35	$19.10 - $23.85
Q3 2018	14,957	$508	$23.15	$21.72 - $24.54
Q2 2018	240,168	$8,313	$22.01	$19.18 - $23.28
Q1 2018	168	$5	$21.53	$19.59 - $23.92
Q4 2017	10	$0	$22.28	$20.42 - $23.46
Q3 2017	21	$1	$21.33	$19.86 - $22.92
Q2 2017	7,921	$262	$20.48	$19.14 - $21.28
Q1 2017	29,900	$945	$19.87	$19.03 - $20.82
Q4 2016	29,950	$937	$18.66	$16.93 - $19.77
Q3 2016	44,950	$1,367	$18.37	$17.16 - $19.25
Q2 2016	62,250	$1,882	$17.60	$15.35 - $19.53
Q1 2016	75,250	$2,043	$13.88	$10.56 - $16.47
Q4 2015	75,250	$1,633	$14.05	$11.85 - $16.34
Q3 2015	75,250	$1,802	$16.17	$13.34 - $18.73
Q2 2015	128,068	$4,141	$19.08	$17.88 - $20.51
Q1 2015	141,150	$4,462	$18.11	$16.80 - $20.84
Q4 2014	167,250	$6,114	$21.12	$16.89 - $23.78
Q3 2014	148,750	$6,280	$24.32	$22.26 - $27.03
Q2 2014	417,997	$18,016	$21.91	$20.45 - $23.64
Q1 2014	313,087	$11,902	$19.11	$18.13 - $20.92
Q4 2013	2,241,213	$78,933	$17.57	$16.70 - $19.04
Q3 2013	2,064,913	$68,583	$16.59	$15.86 - $17.74
Q2 2013	1,393,453	$42,506	$16.65	$15.11 - $18.08
Q1 2013	1,136,153	$35,898	$15.20	$14.34 - $16.41