Kinder Morgan Canada Limited Completes Initial Public Offering

CALGARY, Alberta–(BUSINESS WIRE)–Kinder Morgan Canada Limited (TSX:KML) (the Company) and Kinder Morgan,
Inc. (NYSE: KMI) (Kinder Morgan) announced today the completion of the
initial public offering (the Offering) of 102,942,000 restricted voting
shares of the Company (restricted voting shares) at a price to the
public of $17.00 per share (the Offering Price) for total gross proceeds
of approximately C$1.75 billion. The proceeds of the Offering will be
used by the Company to indirectly acquire from Kinder Morgan an
approximate 30% interest in a limited partnership that holds the
Canadian business of Kinder Morgan. Kinder Morgan will use the proceeds
it receives to pay down debt. Closing of the Offering removed the final
condition to Kinder Morgan’s investment approval for the Trans Mountain
Expansion Project.

The Offering was made through a syndicate of underwriters co-led and
joint bookrun by TD Securities Inc. and RBC Capital Markets. The
underwriters have been granted an over-allotment option to purchase up
to an additional 15,441,300 restricted voting shares at the Offering
Price, exercisable in whole or in part, from time to time, until 30 days
after closing of the Offering.

At the closing of the Offering, Kinder Morgan holds approximately 70% of
the issued and outstanding shares of the Company through its indirect
ownership of 242,058,000 special voting shares. Kinder Morgan also holds
an approximate 70% interest in the limited partnership that holds the
Business. The restricted voting shares will begin trading today on the
Toronto Stock Exchange under the symbol ‘KML’.

The Company’s securities have not been and will not be registered under
the United States Securities Act of 1933, as amended (the U.S.
Securities Act), or any state securities laws. Accordingly, these
securities may not be offered or sold within the United States unless
registered under the U.S. Securities Act and applicable state securities
laws or except pursuant to exemptions from the registration requirements
of the U.S. Securities Act and applicable state securities laws. This
press release does not constitute an offer to sell or a solicitation of
an offer to buy any of the Company’s securities in the United States.

About Kinder Morgan Canada Limited (KML)

Kinder Morgan Canada Limited will operate the Business, comprised of a
number of pipeline systems and terminal facilities including the Trans
Mountain pipeline, the Canadian portion of the Cochin pipeline, the
Puget Sound and Trans Mountain Jet Fuel pipelines, the Westridge marine
and Vancouver Wharves terminals in British Columbia as well as various
crude oil loading facilities in Edmonton, Alberta.

The Trans Mountain pipeline currently transports approximately 300,000
barrels per day (bpd) of crude oil and refined petroleum products from
the oil sands in Alberta to Vancouver, British Columbia and Washington
state. On Nov. 29, 2016, the Government of Canada granted approval for
the $7.4 billion Trans Mountain Expansion Project, to increase the
nominal capacity of the system to 890,000 bpd. The expanded pipeline is
expected to be in service at the end of 2019.

About Kinder Morgan, Inc. (KMI)

Kinder Morgan, Inc. (NYSE: KMI) is one of the largest energy
infrastructure companies in North America. It owns an interest in or
operates approximately 84,000 miles of pipelines and 155 terminals.
KMI’s pipelines transport natural gas, refined petroleum products, crude
oil, condensate, CO₂ and other products, and its terminals
transload and store petroleum products, ethanol and chemicals, and
handle such products as steel, coal and petroleum coke. It is also a
leading producer of CO₂ that we and others use for enhanced
oil recovery projects primarily in the Permian basin. For more
information please visit www.kindermorgan.com.

ADVISORY REGARDING FORWARD-LOOKING STATEMENTS – In the interests of
providing the Company and Kinder Morgan shareholders and potential
investors with information, certain statements contained in this news
release are forward-looking statements or information within the meaning
of applicable securities legislation, collectively referred to herein as
“forward-looking statements.” Forward-looking statements in this news
release include, but are not limited to: Kinder Morgan’s expected
ownership level in the Company if the over-allotment option is exercised
in full and the use of proceeds from the Offering.

Readers are cautioned not to place undue reliance on forward-looking
statements, as there can be no assurance that the plans, intentions or
expectations upon which they are based will occur. By their nature,
forward-looking statements involve numerous assumptions, known and
unknown risks and uncertainties, both general and specific, that
contribute to the possibility that the predictions, forecasts,
projections and other forward-looking statements will not occur, which
may cause Kinder Morgan’s or the Company’s actual performance and
financial results in future periods to differ materially from any
estimates or projections of future performance or results expressed or
implied by such forward-looking statements. There can be no assurance of
the size of the retained interest that Kinder Morgan would hold in the
future in the Company and other arrangements that would exist between
Kinder Morgan and the Company. Although Kinder Morgan and the Company
believe that the expectations represented by such forward-looking
statements are reasonable, there can be no assurance that such
expectations will prove to be correct. Readers are cautioned that the
foregoing list of important factors is not exhaustive. In addition,
assumptions relating to such forward-looking statements generally
include Kinder Morgan’s and the Company’s current expectations and
projections made in light of, and generally consistent with, its
historical experience and its perception of historical trends, all of
which are subject to the risk factors identified elsewhere in this news
release.

Furthermore, the forward-looking statements contained in this news
release are made as of the date hereof and, except as required by law,
Kinder Morgan and the Company undertake no obligation to update publicly
or revise any forward-looking statements, whether as a result of new
information, future events or otherwise. The forward-looking statements
contained in this news release are expressly qualified by this
cautionary statement.

Contacts

KML Investor Relations
Scott Stoness, 403-514-6780
Vice
President, Finance and Corporate Secretary
[email protected]
or
KMI
Media Relations
Dave Conover, 713-369-9407
[email protected]
or
KMI
Investor Relations
713-369-9490
[email protected]
www.kindermorgan.com