An anonymous director reports

ENBRIDGE ANNOUNCES CONVERSION RESULTS FOR SERIES F PREFERRED SHARES

Of Enbridge Inc.'s outstanding cumulative redeemable preference shares, Series F, 1,827,695 have been tendered for conversion, on a one-for-one basis, into cumulative redeemable preference shares, Series G, of Enbridge, effective on June 1, 2023. As a result, on June 1, 2023, Enbridge will have 18,172,305 Series F shares and 1,827,695 Series G shares issued and outstanding.

The Series F shares will continue to be listed on the Toronto Stock Exchange (TSX) under the symbol ENB.PR.F. The TSX has conditionally approved the listing of the Series G shares effective upon conversion. The Series G shares will begin trading on the TSX on June 1, 2023, subject to the fulfilment of all the listing requirements of the TSX.

About Enbridge Inc.

Enbridge safely connects millions of people to the energy they rely on every day, fuelling quality of life through its North American natural gas, oil or renewable power networks, and its growing European offshore wind portfolio. Enbridge is investing in modern energy delivery infrastructure to sustain access to secure, affordable energy and building on two decades of experience in renewable energy to advance new technologies including wind and solar power, hydrogen, renewable natural gas, and carbon capture and storage. Enbridge is committed to reducing the carbon footprint of the energy it delivers and to achieving net zero greenhouse gas emissions by 2050. Headquartered in Calgary, Alta., Enbridge's common shares trade under the symbol ENB on the TSX and New York Stock Exchange (NYSE).