Glossary

"ABCA" means the Business Corporations Act (Alberta), as amended from time to time, and
the regulations thereunder;

"acid gas" means H 2 S or CO 2 or a combination of H 2 S and CO 2 which are referred to as

acid gases because they form acids or acidic solutions in the presence of water;

"acid gas injection" refers to the injection of acid gas into underground geological
formations;

"ADT Ltd." means Alberta Diluent Terminal Ltd., a corporation formed under the laws of the
Province of Alberta;

"AEF" means the Alberta EnviroFuels facility;

"AEF Inc." means Alberta Envirofuels Inc., a corporation formed under the laws of the
Province of Alberta;

"AEP" means Alberta Environment and Parks;

"AER" means the Alberta Energy Regulator;

"AIF" means this Annual Information Form;

"Board of Directors" means the board of directors of Keyera Corp.;

"butane" means an NGL, the chemical formula of which is C 4 H 10 , used primarily in crude
oil and gasoline blending or in the production of iso-octane;

"CARBOB" means California reformulated gasoline blendstock for oxygenate blending;

"CDS" means The Canadian Depositary for Securities Limited;

"CO 2 " means carbon dioxide;

"Common Shares" means the common shares of Keyera Corp.;

"Computershare" means Computershare Trust Company of Canada;

"condensate" means a mixture of hydrocarbons consisting primarily of pentanes and

heavier liquids usually produced with or extracted from raw gas;
"Debentures" means debentures that may be issued from time to
time; and "Debenture" means any one of them;

"Debenture Indenture" means the trust indenture dated June 3, 2004 providing for the
issuance of unsecured subordinated convertible debentures, as supplemented by the First
Supplemental Debenture and the Second Supplemental Debenture;

"Debenture Trustee" means Computershare, who acts as trustee under the Debenture
Indenture;

"dehydration" means the process by which water vapour is removed from raw gas;

"dilbit" means bitumen that is blended with a diluent, such as condensate, in order to reduce
viscosity and density of the bitumen for pipeline transportation;

"diluent" means a lower density fluid that is blended with heavy oil or bitumen in order to
reduce viscosity and density for pipeline transportation (condensate is a commonly used
diluent for pipeline transportation of heavy oil or bitumen);

"distributable cash flow" means the cash flow available for distribution to Shareholders as
dividends as described under "Dividends";

"enhanced oil recovery" means any method that increases oil production by using
techniques or materials that are not part of normal pressure maintenance or water flooding
operations, such as injection of natural gas or CO 2 into a reservoir to increase oil production
from the reservoir;

"ethane" means an NGL, the chemical formula of which is C 2 H 6 , used primarily as a

feedstock to the petrochemical industry and in enhanced oil recovery projects;

"First Preferred Shares" means the first preferred shares of Keyera Corp. as more
particularly described under “Capital Structure of Keyera Corp. – Preferred Shares”;

"First Supplemental Indenture" means the supplemental indenture issued under the
Debenture Indenture dated December 1, 2008;

"gas products" means NGLs, sulphur and any other commercial substances that may be
extracted from raw gas;

"gas treating" means the process by which sour gas is sweetened by removal of CO 2 and
H 2 S;

"H 2 S" means hydrogen sulphide;

"hydrocarbons" means organic compounds containing a mixture of carbon and hydrogen;

"ID 2001-3" means AER Interim Directive 2001-3: Sulphur Recovery Guidelines for the
Province of Alberta;

"inlet separation" means the initial stage of processing within a natural gas processing plant
where the incoming raw gas stream enters a vessel and any free liquids such as water and
NGLs are removed from the gas stream before it is further processed;

"iso-octane" is a low vapour pressure, high octance, gasoline blending component;

"KEI" means Keyera Energy Inc., a corporation incorporated under the laws of the State of
Delaware;

"Keyera" means Keyera Corp. and its subsidiaries;

"Keyera Corp." means Keyera Corp. a corporation formed under the laws of Alberta, the
Common Shares of which are listed for trading on the TSX;

"Keyera Entity" means any person controlled, directly or indirectly, from time to time by
Keyera Corp.;

"license capacity" means the maximum permissible raw gas inlet volume for a gas plant as
determined by the plant license granted by the AER or OGC;

"lean oil recovery" is an NGL recovery process that utilizes a light oil in contact with
incoming raw gas to absorb NGLs from the raw gas stream and to meet raw gas
specifications;

"NAFTA" means the North American Free Trade Agreement between Canada, the US and
Mexico;

"NGL" or "NGLs" means natural gas liquids, consisting of any one of ethane, propane,
butane and condensate or a combination thereof;

"OGC" means the British Columbia Oil and Gas Commission;

"operating margin" means operating revenues less operating expenses and general and
administrative expenses associated with the Marketing segment, and does not include the
elimination of inter-segment transactions (see note 29 to the 2015 Annual Audit Financial
Statements of Keyera available on SEDAR at www.sedar.com);

"partnership" means Keyera Partnership, a general partnership organized under the laws of
the Province of Alberta pursuant to the Partnership Agreement;
"Partnership Agreement" means the amended and restated partnership agreement of the
Partnership dated January 1, 2011, as amended December 21, 2011, December 23, 2011 and
January 2, 2016;

"pentane" means a hydrocarbon, generally a liquid at atmospheric conditions, the chemical

formula of which is C 5 H 12 ;

"Preferred Shares" means the First Preferred Shares and Second Preferred Shares or any
one of them;

"propane" means an NGL, the chemical formula of which is C 3 H 8 , used for heating, crop
drying, motor fuel and as a feedstock for the petrochemical industry in the manufacture of
ethylene and propylene;

"raw gas" means natural gas before it has been subjected to any processing that may be
required for it to become suitable for sale;

"refrigeration" is an NGL recovery process that utilizes a refrigerant as a means to cool

incoming raw gas in order to extract NGLs from the raw gas stream;

"RBOB" means reformulated gasoline blendstock for oxygenate blending;

"Right" means the rights issued to Shareholders pursuant to the Rights Plan;

"Rights Plan" means the Shareholder rights plan adopted by Keyera Corp. as more
particularly described under “Capital Structure of Keyera Corp. – Shareholder Rights Plan”;

"Rights Agreement" means the agreement entered into between Keyera Corp. and
Computershare providing for the establishment of the Rights Plan;

"Rimbey LP" means Rimbey Pipeline Limited Partnership, a limited partnership formed
pursuant to the laws of Manitoba;

"sales gas" means saleable natural gas after it has been treated in a natural gas processing
facility to remove water vapour, inert gases, CO 2 , H 2 S and NGLs comprised primarily of
methane with small amounts of ethane and other NGLs;

"Second Preferred Shares" means second class of preferred shares of Keyera Corp. as
more particularly described under “Capital Structure of Keyera Corp. – Preferred Shares”;

"Second Supplemental Indenture" means the supplemental indenture issued under the
Debenture Indenture dated January 1, 2011;

"Shareholder" means a holder of Common Shares;

"sour gas" means natural gas that contains an amount of H 2 S in excess of the content
permitted in gas to be transported on sales gas pipelines, or which the AER considers to be
sour gas;

"specification NGLs" or "spec NGLs" means saleable ethane, propane, butane or

condensate that meet the specifications for those products established by industry
associations;

"subsidiary" means, in relation to any person or entity, any body corporate, partnership,
trust, joint venture, association or other entity of which more than 50% of the total voting
power of shares or units of ownership or beneficial interest entitled to vote in the election of
directors (or members of a comparable governing body) is owned or controlled, directly or
indirectly, by such person or entity;

"sulphur" means a yellow mineral extracted from natural gas which is used in the
manufacture of fertilizer, pharmaceuticals and other products;

"sulphur recovery" means the process within a natural gas processing facility whereby
natural gas containing hydrogen sulphide undergoes a series of chemical reactions to isolate
elemental sulphur;

"sweet gas" means natural gas that is not sour gas;

"Tax Act" means the Income Tax Act (Canada), as amended from time to time, and the
regulations thereunder;

"throughput" means, with respect to a gas plant, the raw gas inlet volume processed; for a
pipeline, means the gas or liquid volume transported therein; and for NGL processing
facilities the volume of inlet NGLs processed;

"turbo expansion" is an NGL recovery process that utilizes the expansion and subsequent
cooling of incoming raw gas to extract a high percentage of NGLs from the raw gas to meet or
exceed sales gas specifications;

"TSX" means the Toronto Stock Exchange;

"utilization rate" means, with respect to a gas plant, throughput divided by license
capacity; for a pipeline, throughput divided by the estimated pipeline capacity; and for other
facilities which do not have a specified license capacity, throughput divided by the estimated
capacity of such facility; in all cases expressed as a percentage;

"WCSB" means the Western Canada Sedimentary Basin; and

"WTI" means West Texas Intermediate, a grade of crude oil used as a benchmark in oil
pricing.
词汇表
“ABCA” 是指不时修订的 “ 商业公司法” （艾伯塔省）及其规定;

“酸性气体” 是指 H 2 S 或 CO 2 或 H 2 S 和 CO 2 的组合，它们被称为酸性气体，因为它们在水
存在下形成酸或酸性溶液;

“酸性气体注入” 是指将酸性气体注入地下地质构造;

“ADT 有限公司” 指艾伯塔稀释剂终端有限公司，一家根据阿尔伯塔省法律成立的公司;

“AEF” 是指艾伯塔省 EnviroFuels 设施;

“AEF 公司” 指艾伯塔省环保燃料公司，一家根据阿尔伯塔省法律成立的公司;

“AEP” 是指艾伯塔省的环境和公园;

“AER” 是指阿尔伯塔能源监管机构;

“AIF” 是指本年度信息表格;

“董事会”指 Keyera Corp 的董事会。

“丁烷” 是指一种 NGL，其化学式为 C 4 H 10 ，主要用于原油和汽油混合或用于生产异辛烷;

“CARBOB” 是指用于含氧化合物共混的加州重新配制的汽油混合原料;

“CDS” 是指加拿大证券交易所有限公司;

“CO 2 ” 是指二氧化碳;

“普通股” 是指凯莱公司的普通股。

“Computershare” 指加拿大的 Computershare Trust Company;

“冷凝物” 是指主要由戊烷和重质液体组成的碳氢化合物的混合物，所述液体通常由原料气体
生产或从原料气体中提取;

“债券” 是指可能不时发行的债券; 和“债券”是指其中的任何一个;

“债券契约” 系指 2004 年 6 月 3 日发行的信托契约，规定发行无担保次级可转换债券，并由第
一份补充债券和第二份补充债券补充;

“债券受托人” 指 Computershare，其担任债券契约下的受托人;

“脱水” 是指从原料气中除去水蒸气的过程;

“dilbit” 是指与稀释剂（如冷凝物）混合的沥青，以降低管道运输用沥青的粘度和密度;

“稀释剂” 是指与稠油或沥青混合的低密度流体，以降低管道运输的粘度和密度（冷凝物是稠
油或沥青管道运输的常用稀释剂）;

“可分配现金流量” 指按“股息”项下所述可作为股息分配予股东的现金流量;

“提高原油采收率” 是指通过使用不属于正常压力维护或注水作业的技术或材料，如将天然气
或二氧化碳注入油藏以增加油层中油产量的任何方法;

“乙烷” 是指一种 NGL，其化学式为 C 2 H 6 ，主要用作石化工业和提高石油开采项目的原料;

“第一优先股” 是指 Keyera Corp.的第一优先股，如“Keyera Corp.的资本结构 - 优选股”中更具

体描述的;

「第一补充契约」 指根据日期为二零零八年十二月一日的债券契约发行的补充契约;

“天然气产品” 是指可从原料气中提取的天然气，硫和任何其他商业物质;

“气体处理” 是指通过去除 CO 2 和 H 2 S 使酸性气体变甜的过程;

“H 2 S” 是指硫化氢;

“烃” 是指含有碳和氢的混合物的有机化合物;

“ID 2001-3” 是指 AER 临时指令 2001-3：阿尔伯达省硫磺回收指南;

“入口分离” 是指天然气处理厂内处理的初始阶段，其中进入的原料气流进入容器并且在进一
步处理之前将任何自由液体例如水和 NGL 从气流中除去;

“异辛烷” 是低蒸气压，高辛烷值汽油调合组分;

“KEI” 是指根据特拉华州法律成立的公司 Keyera Energy Inc.;

“Keyera” 是指 Keyera 公司及其子公司;

“Keyera Corp.” 是指根据艾伯塔省法律组建的 Keyera Corp.，其普通股在多伦多证券交易所

上市交易;
“Keyera 实体” 是指由 Keyera Corp 不时直接或间接控制的任何人员。

“许可能力” 是指由 AER 或 OGC 授予的工厂许可证确定的天然气工厂允许的最大允许原燃气

进气量;

“贫油回收” 是一种 NGL 回收工艺，利用轻油与进入的原始气体接触，从原料气流中吸收 NGL

并满足原始气体规格;

“北美自由贸易协定” 是指加拿大，美国和墨西哥之间的北美自由贸易协定 ;

“NGL” 或“NGL”是指天然气液体，其由乙烷，丙烷，丁烷和缩合物中的任何一种或其组合组
成;

“OGC” 指不列颠哥伦比亚省石油和天然气委员会;

“经营利润率” 是指营业收入减去营销部门相关的一般和管理费用，不包括消除分部间交易
（见 SEDAR 在 2015 年关于 Keyera 的 2015 年度审计财务报表附注 29）。 .sedar.com）;

“合伙” 是指根据合伙协议根据阿尔伯塔省法律组织的 Keyera 合伙公司;

“合伙协议” 指 2011 年 1 月 1 日经 2011 年 12 月 21 日，2011 年 12 月 23 日和 2016 年 1 月 2

日修订的经修订和重新编制的合伙协议;

“戊烷” 是指在大气条件下通常为液体的烃，其化学式为 C 5 H 12 ;

“优先股” 指第一优先股和第二优先股或其中任何一个;

“丙烷” 是指其化学式为 C 3 H 8 的 NGL，用于加热，作物干燥，机动车燃料以及作为石化工业

用于制造乙烯和丙烯的原料;

“原料气” 是指天然气在经过可能需要的任何加工才能成为适合销售的天然气;

“制冷” 是一种 NGL 回收工艺，利用制冷剂作为冷却进入的原始气体的手段，以从原料气流中

提取 NGL;

“RBOB” 是指用于含氧化物共混的重新配制的汽油混合物料;

“权利” 是指根据权利计划向股东发行的权利;

“权利计划” 指 Keyera 公司采用的“股东权利计划”，在“Keyera Corp.的资本结构 - 股东权利计

划”中有更详细的描述;

“权利协议” 指 Keyera Corp.与 Computershare 签订的有关建立权利计划的协议;

“Rimbey LP” 意指 Rimbey Pipeline Limited Partnership，根据马尼托巴省法律成立的有限合
伙企业;

“销售气体” 是指经过天然气处理设施处理后，用于除去主要由甲烷和少量乙烷和其他天然气
合成气组成的水蒸气，惰性气体，二氧化碳，硫化氢和天然气的 销售天然气 ;

“第二优先股” 指 Keyera Corp.的第二类优先股，更具体地在“Keyera Corp.的资本结构 - 优先

股”下描述;

「第二补充契约」 指根据日期为二零一一年一月一日的债券契约发行的补充契约;

“股东” 是指普通股的持有人;

“酸性气体” 是指天然气含有超过销售天然气管道输送的气体所允许的含量的 H 2 S，或 AER

认为其为酸性气体的天然气;

“规范 NGL” 或“规范 NGL”是指符合行业协会建立的产品规格的可销售乙烷，丙烷，丁烷或冷

凝物;

“子公司” 是指就任何个人或实体而言，任何法人团体，合伙企业，信托公司，合资企业，协
会或其他实体，其中 50％以上的股份或所有权权益单位或实益权益拥有权在选举董事（或可比
较的管理机构的成员）时投票直接或间接地由该人或实体拥有或控制;

“硫” 是指从天然气中提取的用于制造肥料，药品和其他产品的黄色矿物;

“硫回收”是指天然气处理设施内的工艺，其中含有硫化氢的天然气经历一系列化学反应以分离
元素硫;

“甜气” 是指不含酸性气体的天然气;

“税法” 是指不时修改的 “所得税法” （加拿大）及其规定;

“吞吐量” 是指就天然气厂而言，处理的原始气体入口量; 对于管道来说，是指其中输送的气体

或液体的体积; 并且对于 NGL 处理设施处理进口 NGL 的量;

“涡轮膨胀” 是一种 NGL 回收工艺，利用进入的原始天然气的膨胀和随后的冷却来从原料气中

提取高比例的 NGL 以达到或超过销售气体规格;

“多伦多证券交易所” 指多伦多证券交易所;

“利用率” 是指对于天然气厂，吞吐量除以许可证容量; 对于管道，吞吐量除以估计的管道容量;

以及没有指定许可证容量的其他设施，吞吐量除以该设施的估计容量; 在所有情况下以百分比
表示;

“WCSB” 是指西加拿大沉积盆地; 和
“WTI” 是指西德克萨斯中 质原油（ West Texas Intermediate），这是一种用作石油定价基准
的原油。

灵活处理各种甜味和酸味的气体

具有不同 NGL 含量水平的流。 其过程包括

进口压缩，酸性气体脱硫，脱水，NGL

回收和酸性气体注入