DRIP

Inter Pipeline Fund has adopted a Premium Distribution™ and Distribution Reinvestment Plan (the "Plan"), which enables eligible holders of Class A Limited Partnership units to accumulate additional units in Inter Pipeline Fund in a convenient and cost effective way, or receive an optional cash premium.

This Plan provides Eligible Unitholders of Inter Pipeline Fund ("Inter Pipeline") with the opportunity to reinvest their Distributions in new Units at a 5% discount to the Average Market Price on the applicable payment date, which new Units will, at the Participant's election, either be credited to its account under the Distribution Reinvestment Component of the Plan or exchanged under the Premium Distribution™ Component of the Plan for a cash payment equal to 102% of the Distributions that are reinvested.

™ Denotes trademark of Canaccord Capital Corporation

If you are a Registered Unitholder and would like to participate in the Plan, please contact Computershare Trust Company of Canada (the Plan Agent).

Beneficial unitholders should contact their broker, investment dealer, financial institution, or other nominee who holds their units, as they must enrol on your behalf.

Computershare Trust Company of Canada
100 University Avenue, 9th Floor
Toronto, ON M5J 2Y1

Attention: Dividend Reinvestment Department
Phone: 1-800-564-6253

Email: service@computershare.com
Website: www.computershare.com