An anonymous director reports

ENBRIDGE ANNOUNCES CONVERSION RESULTS FOR SERIES H PREFERRED SHARES

Enbridge Inc. holders have tendered for conversion 2,350,602 of the company's outstanding cumulative redeemable preference shares, Series H, on a one-for-one basis, into cumulative redeemable preference shares, Series I, of Enbridge, effective on Sept. 1, 2023. As a result, on Sept. 1, 2023, Enbridge will have 11,649,398 Series H shares and 2,350,602 Series I shares issued and outstanding.

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

About Enbridge Inc.

At Enbridge, it 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. It 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. It 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 has common shares that trade under the symbol ENB on the TSX and the New York Stock Exchange.

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