Date Closed

December 5, 2012

Lead Office

Calgary

On December 5, 2012, Enbridge Inc. announced it had closed its previously announced public offering of Cumulative Redeemable Preference Shares, Series R (the "Series R Preferred Shares") by a syndicate of underwriters led by Scotiabank, RBC Capital Markets and TD Securities Inc. Enbridge issued 16 million Series R Preferred Shares for gross proceeds of C$400 million. The Series R Preferred Shares will begin trading on the TSX today under the symbol ENB.PR.T. The proceeds will be used for capital expenditures, to repay indebtedness and for other general corporate purposes.

Enbridge, headquartered in Calgary, Alberta, is a Canadian crude oil and liquids pipeline company.

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