Subsequent Acquisition Transaction
With a controlling interest greater than 66 2/3% of the common shares of Inter Pipeline, Brookfield Infrastructure intends to pursue a
privatization transaction to acquire any Inter Pipeline shares that are not tendered prior to the expiry of the mandatory extension of the Offer. Brookfield Infrastructure and Inter Pipeline are in discussions regarding a possible Subsequent
Acquisition Transaction (as defined in the Offer) and intend to announce details of such a transaction at a later date.
Completion of any
such transaction is expected approximately 60 days from the expiry of the Offer. Given Brookfield Infrastructures controlling interest in Inter Pipeline, Inter Pipeline shareholders are encouraged to tender to the Offer to expedite
receipt of their chosen consideration.
Following completion of any Subsequent Acquisition Transaction, Brookfield Infrastructure will
seek to delist the Inter Pipeline common shares from trading on the Toronto Stock Exchange.
Offer Tender Instructions
Shareholders may elect up to 100% cash consideration, totalling C$20.00 per share of Inter Pipeline without being subject to proration or 0.250
of a BIPC Share, subject to proration.
Beneficial Inter Pipeline Shareholders (Inter Pipeline shares are held through a broker
or other intermediary)
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Contact your intermediary and provide them with your tender instructions. As intermediaries may have an
earlier deadline to receive your instructions, Inter Pipeline shareholders are encouraged to take-action well in advance of the September 3rd expiry
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Registered Inter Pipeline Shareholders (Inter Pipeline shares are held directly and not through an intermediary)
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Complete the applicable Letter of Transmittal or Supplemental Letter of Transmittal and return it to Laurel
Hill Advisory Group at assistance@laurelhill.com or the coordinates listed in the Sixth Notice of Extension
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Further Information
for Inter Pipeline Shareholders
Inter Pipeline shareholders are encouraged to read the full details of the Offer set forth in the
original Offer to Purchase and Circular dated February 22, 2021 (the Offer and Circular), the notice of variation, change and extension dated June 4, 2021 (the First Notice of Variation), the second
notice of variation and extension dated June 21, 2021 (the Second Notice of Variation), the third notice of variation and extension dated July 13, 2021 (the Third Notice of Variation), the fourth
notice of variation and change dated July 19, 2021 (the Fourth Notice of Variation), the fifth notice of variation and extension dated August 6, 2021 (the Fifth Notice of Variation), and the sixth
notice of extension (the Sixth Notice of Extension), which contain the full terms and conditions of the Offer and other important information as well as detailed instructions on how Inter Pipeline shareholders can tender their
Inter Pipeline shares to the Offer.
Inter Pipeline shareholders who have questions or require assistance in depositing common shares of
Inter Pipeline to the Offer should contact the Information Agent and Depositary, Laurel Hill Advisory Group, by telephone at
1-877-452-7184 (North American Toll Free Number) or
416-304-0211 (outside North America) or by email at assistance@laurelhill.com.
Copies of the Offer and Circular, the First Notice of Variation, the Second Notice of Variation, the Third Notice of Variation, the Fourth
Notice of Variation, the Fifth Notice of Variation and the Sixth Notice of Extension, are available without charge on request from the Information Agent and are available at www.ipl-offer.com or on SEDAR at
www.sedar.com.
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Brookfield Infrastructure Partners L.P.
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