PEMBINA PIPELINE CORP

Ticker: PBA CUSIP: 706327103 Class: Common Stock

Westchester Capital Management, Inc.'s Holding History (CIK: 0001390063)

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

Q1 2015

Shares 1,190 Value ($000) $38 Avg Close $18.11 Range $16.80 - $20.84

Q4 2014

Shares 1,190 Value ($000) $43 Avg Close $21.12 Range $16.89 - $23.78

Q3 2014

Shares 1,190 Value ($000) $50 Avg Close $24.32 Range $22.26 - $27.03

Q2 2014

Shares 1,190 Value ($000) $51 Avg Close $21.91 Range $20.45 - $23.64

Q1 2014

Shares 1,190 Value ($000) $45 Avg Close $19.11 Range $18.13 - $20.92

Q4 2013

Shares 1,190 Value ($000) $42 Avg Close $17.57 Range $16.70 - $19.04

Q3 2013

Shares 1,190 Value ($000) $39 Avg Close $16.59 Range $15.86 - $17.74

Period	Shares	Value ($000)	Average Close	Price Range
Q1 2015	1,190	$38	$18.11	$16.80 - $20.84
Q4 2014	1,190	$43	$21.12	$16.89 - $23.78
Q3 2014	1,190	$50	$24.32	$22.26 - $27.03
Q2 2014	1,190	$51	$21.91	$20.45 - $23.64
Q1 2014	1,190	$45	$19.11	$18.13 - $20.92
Q4 2013	1,190	$42	$17.57	$16.70 - $19.04
Q3 2013	1,190	$39	$16.59	$15.86 - $17.74