Gibsons Announces Early Results of Tender Offers and Increase of Maximum Tender Cap for U.S. Dollar Notes Due 2021 - Seite 3

Except as described in this press release, all other terms of the Tender Offers as described in the Statement remain unchanged, including the Early Tender Deadline, Early Tender Payment, Tender Offer Consideration, Total Consideration, Withdrawal Deadline and Expiration Time. Capitalized terms used in this press release and not defined herein have the meanings given to them in the Statement.

The tender agents for the Tender Offers are TSX Trust Company with respect to the Canadian Notes and D.F. King & Co., Inc. with respect to the U.S. Notes. Holders with questions or who would like additional copies of the offer documents may call the tender agents as indicated below:

TSX Trust Company North American Toll Free: 1 [phone]

D.F. King & Co., Inc. Toll-Free: 1 [phone] Banks and Brokers Call Collect: [phone]

Holders with questions regarding the terms of the Offers to the dealer managers for the tender offers, RBC Capital Markets ([phone] (toll-free) and ([phone] (collect) and [phone] (collect)) or BMO Capital Markets ([phone] (collect) and [phone] (collect)).

This press release does not constitute an offer to buy or the solicitation of an offer to sell the Notes. Gibsons' offer to purchase is made by the Statement as amended by this press release. No offer, solicitation, purchase or sale of securities will be made in any jurisdiction in which such offer, solicitation, purchase or sale would be unlawful.

About Gibsons

Gibsons is a Canadian-based midstream energy company with operations in most of the key hydrocarbon-rich basins in North America. For over 60 years, Gibsons has delivered integrated midstream solutions to customers in the oil and gas industry. With headquarters in Calgary, Alberta, the Company's North American operations include the storage, blending, processing, transportation, marketing and distribution of crude oil, liquids and refined products. The Company also provides oilfield waste and water management services.