Enbridge Inc.

With Enbridge Income Fund Holdings Inc. (EIFH), announced closing of secondary offering of EIFH common shares through a syndicate of underwriters led by BMO Capital Markets, CIBC Capital Markets and Scotiabank. About 17.34 million EIFH shares were sold, including about 2.26 million sold in connection with full exercise of underwriters' over-allotment option, at $33.15 each. Immediately prior to the closing, Enbridge exchanged about 21.6 million fund units of Enbridge Income Fund for an equivalent amount of common shares. In order to maintain its interest in EIFH, Enbridge retained about 4.3 million shares issued pursuant to the exchange, and sold the balance. EIFH did not receive any proceeds from the secondary offering and Enbridge will pay all associated expenses and fees. Secondary offering proceeds will pay Enbridge’s short-term debt.