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| PEMBINA PIPELINE CORPORATION |
| SUPPLEMENTAL FINANCIAL INFORMATION |
| Exhibit to December 31, 2021 Consolidated Statements of Earnings (Loss) and Comprehensive Income (Loss) |
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| The fol owing ratio is for the twelve month period then ended. |
| | Twelve Months Ended December 31, 2021 |
| Earnings coverage(1) | | 3.5 |
| (1) | | | Earnings coverage is equal to profit attributable to the Shareholders before borrowing costs and income taxes divided by borrowing costs (including capitalized costs) and dividend obligations on the Class A Preferred Shares. |