ARX:

ARC Resources Ltd. Confirms Monthly Dividend Amount of $0.02 per Share for April 15, 2020

CALGARY, March 16, 2020 /CNW/ - (ARX - TSX) ARC Resources Ltd. ("ARC") confirms a monthly dividend amount of $0.02 per share for April 15, 2020 to shareholders of record on March 31, 2020. The ex-dividend date is March 30, 2020.

ARC has reduced its monthly dividend from $0.05 per share to $0.02 per share. After the payment of the March 2020 dividend, ARC intends to change to a quarterly dividend of $0.06 per share compared to its previous monthly dividend of $0.05 per share. For additional details, refer to the March 13, 2020 news release entitled, "ARC Resources Ltd. Announces Reduced Capital Program of up to $300 Million for 2020 and Reduces Its Monthly Dividend to $0.02 per Share".

As at March 16, 2020, the trailing 12-month dividends paid to shareholders total $0.60 per share.

ARC is one of Canada's largest conventional oil and gas companies with an enterprise value of approximately $2.2 billion. ARC's common shares trade on the TSX under the symbol ARX.

ARC RESOURCES LTD.

For further information about ARC Resources Ltd., please visit our website
www.arcresources.com
or contact:
Investor Relations, E-mail: ir@arcresources.com
Telephone: (403) 503-8600     Fax: (403) 509-6427
Toll Free: 1-888-272-4900
ARC Resources Ltd.
Suite 1200, 308 – 4th Avenue S.W.
Calgary, AB T2P 0H7

SOURCE ARC Resources Ltd.