PEMBINA PIPELINE CORP

Ticker: PBA CUSIP: 706327103 Class: Common Stock

Guild Investment Management, Inc.'s Holding History (CIK: 0001317802)

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

Q2 2013

Shares 58,780 Value ($000) $1,800 Avg Close $16.65 Range $15.11 - $18.08

Q1 2012

Shares 69,820 Value ($000) $2,206 Avg Close — Range —

Period	Shares	Value ($000)	Average Close	Price Range
Q2 2013	58,780	$1,800	$16.65	$15.11 - $18.08
Q1 2012	69,820	$2,206	—	—