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Parkland Fuel Corporation Provides Penny Plan Update and Issues 2014-2016 Guidance

Parkland Fuel Corporation (PKI.TO), Canada's largest independent fuel marketer and distributor, today will provide an update on the Parkland Penny Plan and issue EBITDA guidance for 2014 - 2016.

Highlights:

Confirms progress of $45 million in EBITDA towards the Parkland Penny Plan goal to add an additional $125 million in EBITDA by the end of 2016;

Reviews North American supply infrastructure that enhances Parkland's supply advantage and diversifies earnings; and

Further describes propane business platform established through the combination of Parkland, Elbow River Marketing and Sparling's Propane.

"The steady progress on acquisitions, synergies, and savings since launching the Parkland Penny Plan in May of 2012 gives us great confidence around our plan," said Bob Espey, President and Chief Executive Officer of Parkland.

Parkland Penny Plan and 2014-2016 EBITDA Guidance:

The Parkland Penny Plan is a five year strategic plan that aims to double 2011 normalized EBITDA of $125 million by the end of 2016. (Normalized EBITDA excludes one-time costs and irregular profits). The plan is expected to derive $70 million through a one cent per litre increase in profitability, plus $55 million through new acquisitions.

Since its introduction in May 2012, Parkland has acquired $27 million in annualized EBITDA, identified $7 million in acquisition synergies, and identified savings of $11 million with its Give me five! initiative.

2014-2016 Forecast:

Acquisition

EBITDA Forecast 2014 2015 2016 assumptions:

(EBITDA acquired

per year)

Expected Case 190 216 242 12

Low Case 175 200 218 7

High Case 199 229 259 15

Shares are down 19 cents to $17.60 mid-morning.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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