Enbridge Completes $523.1M Public Offering and $58.1M Private Placement

On February 2, 2007 Enbridge Inc., a leader in energy transportation and distribution in North America and internationally, completed a $532.1 million public offering of its common shares. The offering was underwritten by a syndicate of underwriters led by Scotia Capital Inc. and CIBC World Markets Inc. and included BMO Nesbitt Burns Inc., RBC Dominion Securities Inc., TD Securities Inc., National Bank Financial Inc., HSBC Securities Canada Inc., Merrill Lynch Canada Inc., Morgan Stanley Canada Limited, Canaccord Capital Corporation, Desjardins Securities Inc. and FirstEnergy Capital Corp.

Enbridge was represented in Canada by its in-house legal team of Alison Love and James Lord and by McCarthy Tétrault LLP with a team that included John Osler, Crispin Arthur and Andrea Hatzinikolas (securities) and Doug Ewens (tax) and in the US by Robert Buckholz, Jr. of Sullivan & Cromwell LLP.

The underwriters were represented in Canada by Fraser Milner Casgrain LLP with a team that included Dale Skinner, John Reynolds, Toby Allan and Keith Inman (securities) and Derek Kurrant and Kevin Scott (tax) and in the US by Paul, Weiss, Rifkind, Wharton & Garrison LLP with a team that included Andrew Foley and Edwin Maynard.

Enbridge also completed a $58.1 million private placement to Noverco Inc. Enbridge was once again represented by its in-house counsel, Alison Love and James Lord, and by McCarthy Tétrault LLP with a team that included Crispin Arthur and Andrea Hatzinikolas.