Ms. Rebecca Morley reports

ENBRIDGE COMPLETES SALE OF ITS INTERESTS IN ALLIANCE PIPELINE AND AUX SABLE

Enbridge Inc. has closed of the agreement to sell its 50-per-cent interest in Alliance Pipeline and its 42.7-per-cent interest in Aux Sable to Pembina Pipeline Corp. for $3.1-billion, previously announced on Dec. 13, 2023.

This is an important milestone and Enbridge remains committed to working closely with Pembina to ensure the safe and reliable operation of the assets during the transition period.

The divestiture represents a key element of Enbridge's financing plan. The sale proceeds will finance a portion of the company's strategic U.S. gas utilities acquisitions and will be used for debt reduction.

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 and 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 more than a century of operating conventional energy infrastructure and two decades of experience in renewable power. The company is advancing new technologies, including hydrogen, renewable natural gas, and carbon capture and storage, and is committed to achieving net-zero greenhouse gas emissions by 2050. Headquartered in Calgary, Alta., Enbridge's common shares trade under the symbol ENB on the Toronto and New York stock exchanges.

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