Mr. Jesse Semko reports

ENBRIDGE INCOME FUND HOLDINGS INC. ANNOUNCES SHAREHOLDER AND COURT APPROVAL OF PLAN OF ARRANGEMENT WITH ENBRIDGE INC.

Enbridge Income Fund Holdings Inc. (ENF) shareholders overwhelmingly approved the previously announced plan of arrangement with Enbridge Inc. at a special meeting of ENF shareholders held today.

Pursuant to the arrangement, Enbridge will acquire all of ENF's outstanding common shares (ENF shares) not currently owned by Enbridge, resulting in ENF becoming a wholly owned subsidiary of Enbridge. Each ENF share (other than those owned by Enbridge) will be exchanged for 0.7350 of an Enbridge common share and cash of 45 cents per ENF share.

Following the meeting, ENF also received the final approval of the Court of Queen's Bench of Alberta with respect to the arrangement. Assuming the satisfaction of other customary closing conditions, the arrangement is expected to close on Nov. 8, 2018, after which the ENF shares will be delisted from the Toronto Stock Exchange.

Voting results

A total of 106,223,906 ENF shares (representing approximately 60 per cent of ENF shares as of the record date for the meeting) were represented in person or by proxy at the meeting. Approximately 99 per cent of the votes were cast in favour of the arrangement resolution as summarized in the attached table.

                                                  Votes for    Votes against
                                                  #       %         #      %
    
Includes shares voted by Enbridge (1)   105,487,250   99.31   736,656   0.69 
Excludes shares voted by Enbridge (2)    70,285,506   98.96   736,656   1.04 

(1) Includes an aggregate of 35,201,744 shares voted by Enbridge, its affiliates
    and certain other related parties as provided in Multilateral Instrument 61-101
   (Protection of Minority Security Holders in Special Transactions)
(2) Excludes an aggregate of 35,201,744 shares voted by Enbridge, its affiliates
    and certain other related parties as provided in MI 61-101

A report of voting results will be made available on SEDAR.

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. The 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 United States segment of the Southern Lights pipeline, a 50-per-cent interest in the Alliance pipeline, which transports natural gas from Canada to the United States, and interests in more than 1,400 megawatts of renewable and alternative power generation assets.

We seek Safe Harbor.