Ms. Suzanne Wilton of Enbridge reports

ENBRIDGE INC. CLOSES SECONDARY OFFERING OF ENBRIDGE INCOME FUND HOLDINGS INC. SHARES; OVER-ALLOTMENT OPTION FULLY EXERCISED FOR GROSS PROCEEDS OF APPROXIMATELY $0.6 BILLION

Enbridge Inc. and Enbridge Income Fund Holdings Inc. have closed the previously announced secondary offering of Enbridge Income common shares through a syndicate of underwriters led by BMO Capital Markets, CIBC Capital Markets and Scotiabank. Under the secondary offering, 17,347,750 common shares of Enbridge Income were sold to the public, including 2,262,750 common shares sold in connection with the full exercise of the underwriters' overallotment option, at a price of $33.15 per common share, for gross proceeds to Enbridge of $575,077,913.

Immediately prior to the closing of the secondary offering, Enbridge exchanged 21,657,617 ordinary units of Enbridge Income Fund for an equivalent amount of common shares. In order to maintain its 19.9-per-cent interest in Enbridge Income, Enbridge retained 4,309,867 common shares issued pursuant to the exchange and sold the balance under the secondary offering. Enbridge Income did not receive any proceeds from the secondary offering, and Enbridge will pay all expenses and fees associated with the secondary offering. The proceeds of the secondary offering will initially be used by Enbridge to pay down short-term debt, pending reinvestment by Enbridge in its growing portfolio of secured projects. With the completion of the secondary offering, Enbridge's economic interest in the fund group (made up of the fund, Enbridge Commercial Trust and Enbridge Income Partners LP) has been reduced from 86.9 per cent to 84.6 per cent.

Immediately prior to the exchange, Enbridge held 94.15 million fund units directly and indirectly, representing 43.1 per cent of the issued and outstanding fund units. Following the exchange, Enbridge holds 72,492,383 fund units directly and indirectly, representing approximately 33 per cent of the issued and outstanding fund units.

About Enbridge Inc.

Enbridge is North America's premier energy infrastructure company with strategic business platforms that include an extensive network of crude oil, liquids and natural gas pipelines, regulated natural gas distribution utilities, and renewable power generation. The company safely delivers an average of 2.8 million barrels of crude oil each day through its Mainline and Express pipeline, and accounts for nearly 68 per cent of U.S.-bound Canadian crude oil production, and moves approximately 20 per cent of all natural gas consumed in the United States, serving key supply basins and demand markets.

About Enbridge Income Fund Holdings Inc.

Enbridge Income Fund Holdings, through its investment in Enbridge Income Fund, indirectly holds high-quality, low-risk energy infrastructure assets. Enbridge Income Fund's assets consist of a portfolio of Canadian liquids transportation and storage businesses, including the Canadian Mainline, the Regional Oil Sands system, the Canadian segment of the Southern Lights pipeline, Class A units entitling the holder to receive defined cash flows from the U.S. segment of the Southern Lights pipeline, a 50-per-cent interest in the Alliance pipeline, which transports natural gas from Canada to the U.S., and interests in more than 1,400 megawatts of renewable and alternative power generation assets.

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