ARX:

Business Conduct and Ethics

At ARC Resources Ltd. ("ARC" or the "Corporation"), we have always recognized the value of growing and developing trusting relationships based on integrity. Our commitment is to maintain high ethical standards throughout our day‐to‐day dealings with all stakeholders.   

For ARC’s excellent reputation to be maintained, we require the highest standards of professional and ethical conduct from all of our employees. This Code reflects our commitment to our values of trust, integrity, respect and community, our high‐performance culture and outlines the basic principles and policies with which all employees are expected to comply. ARC demands the highest level of personal conduct from all employees and Corporate representatives.   

For ARC’s success to continue, not only must we do what is required by law, but we will also do what is "right".  The test for this is simple, ask yourself if there is any reason you would not want a co‐worker, an associate, a neighbour, or the government to be fully aware of your conduct and motives?  Is anyone’s life, health or safety, or the environment endangered by the action?  If these questions cannot quickly be answered no, then you need to re‐think your actions and talk to a supervisor. This also includes situations where you may witness someone else at ARC engaging in behaviours that are not “right”. If there is any confusion with regards to complying with both the letter and the spirit of our policies and all applicable laws and regulations, you are expected to seek guidance.

The Leadership Team at ARC is 100% committed to this Code. This Code has been read, discussed and adopted by all of our officers and Board of Directors. We believe that effective corporate governance begins with a strong Board of Directors, able to act independently. Our Board consists of a majority of outside, independent directors all of whom have read and committed to this Code. We are all accountable to the Code of Business Conduct and Ethics which provides guidance for our decisions. 

Please read this Code carefully. While it takes time to build a reputation of trust and integrity, a single thoughtless or unethical act can destroy what we have carefully built over years. Please feel free to contact any member of the Executive team, or your Manager. The Whistleblower Hotline (1‐866‐291‐6690 or ARC@openboard.info) is also available if you witness behaviours that could be a violation of the Code of Business Conduct and Ethics.

Terry Anderson
President and Chief Executive Officer

For further detail, ARC's Code of Conduct can be accessed through SEDAR here.