News Release

Pembina Confirms 2005 Year-End Results

CALGARY, Mar 6, 2006 (Canada NewsWire via COMTEX News Network) -- Pembina Pipeline Income Fund ("Pembina") announced today that its Board of Directors has approved its audited consolidated financial statements for the year ended December 31, 2005. The audited financial statements are substantially as reported in Pembina's interim fourth quarter 2005 Report to Unitholders which was released on February 1, 2006. There has been no change in the reported net earnings or distributed cash for the period. Pembina anticipates that the SEDAR filing of its 2005 Annual Report to Unitholders, including the audited consolidated financial statements and accompanying notes, will occur on or about March 14, 2006.

Pembina Pipeline Income Fund (TSX: PIF.UN, PIF.DB, PIF.DB.A, PIF.DB.B) is among the predominant issuers in the Canadian energy infrastructure trust sector. Pembina's extensive network of conventional liquids feeder pipelines, oil sands transportation infrastructure and ethylene storage provide an integral service to the Western Canadian energy industry. This balanced portfolio of premium, long-life energy infrastructure assets supports the stability and sustainability of the Fund.

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SOURCE: Pembina Pipeline Income Fund

Ms. Glenys Hermanutz, Manager, Corporate Development, Pembina Pipeline Corporation, (403) 231-7500, 1-888-428-3222, e-mail: [email protected]; To request a free copy of this organization's annual report, please go to and click on Tools for Investors.