WIT Shareholders Approve The Plan Of Arrangement With Parrish & Heimbecker, Limited

WEYBURN, February 28, 2014

Weyburn Inland Terminal Ltd. (“WIT”), announced today that at its special meeting of shareholders held earlier today (the “Meeting”), WIT shareholders approved the special resolution (the “Arrangement Resolution”) authorizing the plan of arrangement (the

“Arrangement”) with Parrish & Heimbecker, Limited (“P&H”). Pursuant to the terms of the

Arrangement, a wholly-owned subsidiary of P&H will acquire all of the outstanding common shares of

WIT for cash consideration of $17.25 per share. The Arrangement Resolution was approved by 79.79%

of the shares voted in person or represented by proxy at the Meeting.

The application to the Court of Queen’s Bench of Saskatchewan to obtain the final order approving the

Arrangement is scheduled for March 5, 2014. If court approval is obtained and the other conditions to

completion of the Arrangement are satisfied or waived, WIT expects that the Arrangement will be

completed during the week of March 10, 2014.

In order to receive the cash consideration payable on the completion of the Arrangement, registered

shareholders of WIT are required to complete, sign, date and return the letter of transmittal that was

mailed to all registered shareholders in connection with the Meeting. The letter of transmittal is also

available on SEDAR at www.sedar.com or upon request from WIT.

For beneficial shareholders whose shares are held through an intermediary, the cash consideration is

expected to be paid to the broker, trustee, financial institution, dealer, bank or trust company in whose

name the shares are registered on behalf of such beneficial shareholders. Beneficial shareholders should

contact their broker, trustee, financial institution, dealer, bank, trust company if they have any questions regarding this process.

February 28, 2014

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