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Press release from Marketwire

Inter Pipeline Fund- 2010 Second Quarter Conference Call and Webcast

Wednesday, July 28, 2010

Inter Pipeline Fund- 2010 Second Quarter Conference Call and Webcast09:30 EDT Wednesday, July 28, 2010CALGARY, ALBERTA--(Marketwire - July 28, 2010) - Inter Pipeline Fund ("Inter Pipeline") (TSX:IPL.UN) will announce its second quarter 2010 financial and operating results on August 5, 2010 and has scheduled a conference call and webcast to begin at 2:30 p.m. (Mountain Time) / 4:30 p.m. (Eastern Time) the same day for interested unitholders, analysts and media representatives. To participate in the conference call, please dial 416-340-8061 or 866-225-0198. A pass code is not required. A recording of the call will be available for replay until August 12, 2010 by dialing 416-695-5800 or 800-408-3053. The pass code is 6380344. A live webcast of the conference call will be accessible on Inter Pipeline's website at www.interpipelinefund.com by selecting "Investor Relations" then "Webcasts". An archived version of the webcast will be available for approximately 90 days. Inter Pipeline FundInter Pipeline is a major petroleum transportation, bulk liquid storage and natural gas liquids extraction business based in Calgary, Alberta, Canada. Structured as a publicly traded limited partnership, Inter Pipeline owns and operates energy infrastructure assets in western Canada, the United Kingdom, Germany and Ireland. Additional information about Inter Pipeline can be found at www.interpipelinefund.comInter Pipeline is a member of the S&P/TSX Composite Index. Class A Units trade on the Toronto Stock Exchange under the symbol IPL.UN. Eligible InvestorsOnly persons who are residents of Canada, or if partnerships, are Canadian partnerships, in each case for purposes of the Income Tax Act (Canada) are entitled to purchase and own Class A Units of Inter Pipeline. DisclaimerCertain information contained herein may constitute forward-looking statements that involve risks and uncertainties. Readers are cautioned not to place undue reliance on forward-looking statements. Such information, although considered reasonable by the General Partner of Inter Pipeline at the time of preparation, may later prove to be incorrect and actual results may differ materially from those anticipated in the statements made. For this purpose, any statements that are not statements of historical fact may be deemed to be forward-looking statements. Forward-looking statements often contain terms such as "may", "will", "should", "anticipate", "expects" and similar expressions. Such risks and uncertainties include, but are not limited to, risks associated with operations, such as loss of markets, regulatory matters, environmental risks, industry competition, potential delays and cost overruns of construction projects, including the Corridor pipeline system expansion project, and the ability to access sufficient capital from internal and external sources. You can find a discussion of those risks and uncertainties in Inter Pipeline's securities filings at www.sedar.com. The forward-looking statements contained in this news release are made as of the date of this document, and, except to the extent required by applicable securities laws and regulations, Inter Pipeline assumes no obligation to update or revise forward-looking statements made herein or otherwise, whether as a result of new information, future events, or otherwise. The forward-looking statements contained in this document are expressly qualified by this cautionary note.All dollar values are expressed in Canadian dollars unless otherwise noted.FOR FURTHER INFORMATION PLEASE CONTACT: Inter Pipeline Fund Investor Relations: Jeremy Roberge Vice President, Capital Markets 403-290-6015 or Toll Free: 1-866-716-7473 jroberge@interpipelinefund.com or Inter Pipeline Fund Media Relations: Tony Mate Director, Corporate and Investor Communications 403-290-6166 tmate@interpipelinefund.com www.interpipelinefund.com