Parkland Fuel Corporation Enters Agreement to Acquire Pioneer Energy, Canada's Largest Private Independent Fuel Marketer - Seite 3

Tim Hogarth, Chief Executive Officer and Executive Chairman of Pioneer, is expected to be appointed to Parkland's Board of Directors conditional upon completion of the Acquisition.

The Acquisition is subject to the receipt of customary third party consents and regulatory approvals, including approvals from the Toronto Stock Exchange and the Competition Bureau.

2014-2015 Adjusted EBITDA Guidance Revised:

While the Acquisition of Pioneer is expected to boost Parkland's 2015 Adjusted EBITDA expectations to $250 million, it is not expected to close before the end of 2014. Parkland's expected case forecast for 2014 of $200 million in Adjusted EBITDA included $12 million in acquisitions. As timing for the completion of the Acquisition is expected to be later than originally anticipated, Parkland's expected case for 2014 has been reduced by $12 million (acquired EBITDA assumption) to $188 million and the low and high cases have also been adjusted down by the corresponding assumption for acquired EBITDA ($7 million and $15 million respectively).

Adjusted EBITDA Forecast ($ millions)	2014	2015
Expected Case	188	250
Low Case	178	235
High Case	194	265

Investor Event and Conference Call Information

Parkland Fuel Corporation will host an investor event and webcast at 9:30 a.m. MT (11:30 a.m. ET) on September 18^th, 2014 to discuss the acquisition of Pioneer Energy and Parkland's guidance.

President and Chief Executive Officer Bob Espey, Vice President of Strategy and Corporate Development, Irfhan Rawji, and Vice President, Retail Operations Peter Kilty will be available to take questions from securities analysts, brokers and investors following their formal comments.

Please log into the webcast slide presentation 10 minutes before the start time at:

http://www.gowebcasting.com/5887

To access the conference call by telephone from within Canada dial toll free 1-800-952-4972. International callers or callers from the Toronto area should use 416-340-9432. Please connect approximately 10 minutes prior to the beginning of the call.