Tax Election Form

DRIP

Dividend Reinvestment Plan

Inter Pipeline has adopted a Premium Dividend™ and Dividend Reinvestment Plan (the "Plan"), which enables eligible holders of shares to accumulate additional shares of Inter Pipeline in a convenient and cost effective way, or receive an optional cash premium.

This Plan provides Shareholders of Inter Pipeline Ltd. ("Inter Pipeline") with the opportunity to reinvest their Dividends in new Shares at a 5% discount to the Average Market Price on the applicable payment date, which new Shares will, at the Participant's election, either be credited to its account under the Dividend Reinvestment Component of the Plan or exchanged under the Premium Dividend™ Component of the Plan for a cash payment equal to 102% of the Dividends that are reinvested.

™ Denotes trademark of Canaccord Genuity Corp.

 

If you are a Registered Shareholder and would like to participate in the Plan, please contact Computershare Trust Company of Canada (the Plan Agent).

Beneficial shareholders should contact their broker, investment dealer, financial institution, or other nominee who holds their shares, as they must enrol on your behalf.

Computershare Trust Company of Canada
100 University Avenue, 9th Floor
Toronto, ON M5J 2Y1

Attention: Dividend Reinvestment Department
Phone: 1-800-564-6253

Email: service@computershare.com
Website: www.computershare.com