Company Reorganizes

On January 2, 2008, Keyera Facilities Income Fund (the “Fund”) completed an internal reorganization (the “Reorganization”). On January 2, 2008, in connection with the Reorganization, the Fund made special distributions in the aggregate amount of $0.023529 per Unit. These special distributions are considered to be a return of capital for Canadian income tax purposes. A Unitholder who is resident in Canada is initially required to reduce the adjusted cost base of each Unit held by an amount equal to the per Unit return of capital (i.e. $0.023529). However, because of transactions completed as part of the Reorganization, a Canadian resident Unitholder will then increase the adjusted cost base of the Units they hold by $0.02 per Unit. The net result of the completion of the Reorganization for Canadian resident Unitholders is a reduction of $0.003529 to the adjusted cost base of each Unit. These adjustments to the ACB are automatically handled by the ACB Tracking calculator.