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Enbridge closes C$400.2 million common equity offering

Date Closed

June 4, 2012

Lead Office

Calgary

Value

400.20 Million CAD

On June 4, 2012, Enbridge Inc. announced it has closed its previously announced public offering of 9.83 million common shares by a syndicate of underwriters led by TD Securities Inc. for gross proceeds of C$400.2 million. The proceeds will be used to fund the recently announced expansion projects in Eastern Canada and the United States, to repay indebtedness, to make investments in subsidiaries and for general corporate purposes.

Enbridge, headquartered in Calgary, Alberta, is an energy transportation and distribution company.

McCarthy Tétrault LLP represented Enbridge, the issuer, with a team led by John Osler.

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