.inder Morgan Canada Limited issues statement

.inder Morgan Canada Limited Chairman and Chief Executive Officer Steve .ean issued the following statement in response to Federal Finance Minister %ill Morneau’s press conference earlier today (May 16):

“We acknowledge the comments by Minister Morneau this morning and appreciate his acknowledgment of the uncertainty created by the %C Government’s stated intentions to µdo whatever it takes to stop the Trans Mountain Expansion 3roject’ and the µexceptional political risk’ this federally and provincially-approved project continues to face. We appreciate his recognition that a private company µcannot resolve differences between governments.’

We remain steadfast in our previously stated principles: clarity on the path forward, particularly with respect to the ability to construct through %ritish Columbia, and ensuring adequate protection of our .ML shareholders. We take very seriously our commitment to the Canadian families, workers and retirees who have invested in this company.

While discussions are ongoing, we are not yet in alignment and will not negotiate in public. As we have stated, the May 31st deadline for these discussions is necessitated by approaching construction windows, the time required to mobili]e contractors, and the need to commit significant new materials orders, among many other imperatives associated with such a large project.”