Legal Disclaimer

Website content, function and purpose

These terms and conditions of use are current as of July 12, 2022. ARC Resources Ltd. (”ARC”) encourages you to use this website and information contained herein for your personal, non-commercial use.

Legal disclaimers, copyright and trademarks

All material found in the pages of this Website is protected under the copyright laws of Canada and of other countries.

Certain names, words, titles, phrases, logos, icons, graphics or designs in the pages of this Website may constitute trade names, trademarks or service marks of ARC or its subsidiaries, or the use of which may have been licensed to them. The display of trademarks, trade names or service marks on pages at this Website does not imply that a license of any kind has been granted to anyone else.

Any unauthorized downloading, re-transmission, republication or other copying or modification of material posted on this Website, including trade-marks, trade-names and service marks, may violate federal, common or civil law, trade-mark law and copyright law, and may result in legal action.

Investment decisions

MATERIAL CONTAINED IN THIS WEBSITE IS FOR INFORMATION PURPOSES ONLY AND IS NOT INTENDED TO CONSTITUTE AN OFFERING OF SECURITIES IN ANY JURISDICTION. Information disclosed under the corporate and securities laws of those Canadian jurisdictions applicable to ARC is not intended to be in any way qualified, amended, modified or supplemented by the information otherwise available in, through or on this Website. Due to the technical and security risks inherent in the Internet, and because the document you access may differ from the original depending on your browser software, the information set out in this website should not be used for the purpose of making investment decisions with respect to ARC shares. If you are contemplating trading in ARC securities, you should contact Investor Relations to obtain printed copies of the documents you wish to review.

Disclaimer of warranties

The information and material contained in this Website are believed to be accurate and complete at the time of their posting. Although ARC Resources Ltd. attempts to ensure that all information and material remain current and accurate, ARC Resources Ltd. does not warrant their accuracy, completeness and currency at all times.

No warranty of any kind, implied, expressed or statutory, including but not limited to warranties as to non-infringement of intellectual property rights or third party rights, title, latent defects, uninterrupted service, merchantability, fitness for a particular purpose and freedom from computer viruses, is given in conjunction with the information, materials and software algorithms.

Exclusion of liability

In no event will ARC be liable for any damages, including without limitation, direct or indirect, special, incidental, moral or consequential damages, loss of profits, opportunities or information or for expenses arising in connection with this Website, with any software algorithms available thereon nor with any hyperlinked website or for use thereof or inability to use by interruption, defect, delay in operation or transmission, computer virus or line or system failure, even if ARC is advised of the possibility of such damages, losses or expenses. Software algorithms made available and hyperlinks to other Internet resources are at your own risk. The content, accuracy, opinions expressed, and other links provided by these software algorithms and resources are not investigated, verified, monitored, or endorsed by ARC.

Links to third-party websites

ARC does not control any third-party website and is therefore not responsible for the content of any linked website or any link contained in a linked website. ARC provides such links only as a convenience and the inclusion of any link does not imply endorsement, investigation or verification by ARC of the linked website or information contained therein.

Internet email

The Internet is not a fully secure medium, and therefore confidentiality and privacy cannot be ensured. ARC will not be liable for any damages resulting from the transmission of confidential or personal information.

Privacy Policy

Regarding the collection and retention of personal information, see ARC’s Statement of Privacy Practices.

Forward-looking statements

Certain information and statements contained on this website, and in certain documents posted on or linked to on this website, constitute forward-looking information under Canadian securities laws. This information relates to future events or our expected future performance. All information other than statements or information of historical fact may be forward-looking information. Forward-looking information is often, but not always, identified by the use of words such as “seek,” “anticipate,” “budget,” “plan,” “continue,” “estimate,” “expect,” “forecast,” “may,” “will,” “project,” “predict,” “potential,” “target,” “intend,” “could,” “might,” “should,” “believe,” and similar expressions. This information involves known and unknown risks, uncertainties, and other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking information. We believe the expectations reflected in this forward-looking information are reasonable but no assurance can be given that these expectations will prove to be correct and such forward-looking information included on, or contained in documents posted on or linked to, this website should not be unduly relied upon.

In addition to the forward-looking information identified above, this website, and any documents posted on or linked to on this website, contain forward-looking information pertaining to the performance characteristics of our crude oil and natural gas assets; crude oil and natural gas production levels; the size of the crude oil and natural gas reserves; projections of market prices and costs; expectations regarding the ability to raise capital and to continually add to reserves through acquisitions and development; treatment under governmental regulatory regimes and tax laws; impacts of current commodity prices on the Corporation, including with respect to abandonment and reclamation obligations; budget expectations; expectations with respect to making customary payments to credit rating organizations; expectations with respect to certain legal proceedings; expectations that ARC’s dividends will be classified as “eligible dividends” under the Tax Act; and capital expenditure programs.

Actual results achieved during the forecast period will vary from the information provided herein as a result of numerous known and unknown risks and uncertainties and other factors. In addition, these risks and uncertainties are material factors affecting the success of our business. Such factors include, but are not limited to: declines in crude oil and natural gas prices; various pipeline constraints; the payment of dividends, if any; variations in interest rates and foreign exchange rates; stock market volatility; uncertainties relating to market valuations; refinancing risk for existing debt and debt service costs; access to external sources of capital; risks associated with our risk management activities; third-party credit risk; risks associated with the exploitation of our assets and our ability to acquire reserves; government regulation, policy and control and changes in governmental legislation; changes in income tax laws, royalty rates, and other incentive programs; uncertainties associated with estimating crude oil and natural gas reserves; risks associated with acquiring, developing, and exploring for crude oil and natural gas and other aspects of our operations; our reliance on hydraulic fracturing; risks associated with large projects or expansion of our activities; the failure to realize anticipated benefits of acquisitions and dispositions or to manage growth; changes in climate change laws and other environmental regulations; competition in the crude oil and natural gas industry for, among other things, acquisitions of reserves, undeveloped lands, skilled personnel, and drilling and related equipment; risks of non-cash losses as a result of the application of accounting policies; our operating activities and ability to retain key personnel; depletion of our reserves; risks associated with securing and maintaining title to our properties; risks for United States (“US”) and other non-resident shareholders; risks related to the novel coronavirus COVID-19 (“COVID-19”) pandemic and its impact on the global economy; and other factors, many of which are beyond our control. Additional information on these and other factors that could affect ARC, or its operations or financial results, are included in ARC’s most recently filed Management’s Discussion and Analysis, Annual Information Form, and other reports on file with applicable securities regulatory authorities and may be accessed through the SEDAR website (www.sedar.com) or on ARC’s website (www.arcresources.com).

The actual results could differ materially from those results anticipated in this forward-looking information, which are based on assumptions, including as to the market prices for crude oil and natural gas; the continuation of the present policies of the Board of Directors relating to management of ARC, and the payment of dividends, capital expenditures and other matters.

Statements relating to “reserves” are deemed to be forward-looking information, as they involve the implied assessment, based on certain estimates and assumptions that the reserves described can be profitably produced in the future. For important additional information regarding estimated reserves, please refer to ARC’s Annual Information Form, which is available on this website and on SEDAR at www.sedar.com.

Readers are cautioned that the foregoing lists of factors are not exhaustive. The forward-looking information contained on this website are expressly qualified by this cautionary statement. The forward-looking information contained on this website is made as of the date on which it was posted and ARC undertakes no obligation to update publicly or revise any forward-looking information, whether as a result of new information, future events or otherwise, unless expressly required by applicable securities laws.

ARC’s most recent audited consolidated financial statements and Management’s Discussion & Analysis are available on this website and on SEDAR at www.sedar.com and the disclosure under the section entitled “Non-GAAP and Other Financial Measures contained in ARC’s Management’s Discussion & Analysis is incorporated by reference herein.