An anonymous director reports

ENBRIDGE INC. AND ENBRIDGE PIPELINES INC. ANNOUNCE NOTEHOLDER APPROVAL OF PROPOSED DEBT EXCHANGE TRANSACTION

Enbridge Inc.'s wholly owned subsidiary Enbridge Pipelines Inc. has obtained approval for the previously announced transaction to exchange all outstanding series of EPI's medium-term-note debentures for an equal principal amount of newly issued medium-term notes of Enbridge, having financial terms that are the same as the financial terms of the EPI notes.

By the consent deadline of June 10, 2026, EPI received sufficient valid written consents from the holders of EPI notes to pass an extraordinary resolution approving the note exchange transaction. With more than 75 per cent of the total principal amount of outstanding EPI notes consented in favour, the meeting of EPI noteholders scheduled for June 25, 2026, is no longer required and has been cancelled.

It is anticipated that the note exchange transaction will be completed on or about June 16, 2026. Following completion of the note exchange transaction, the applicable amendment review fees, as disclosed in the management information circular and consent solicitation statement of EPI dated May 25,2026, will be paid to EPI noteholders that delivered valid written consent and proxy forms consenting to/voting for or withholding consent/voting against the note exchange resolution by the consent deadline.

Enbridge and EPI thank EPI noteholders for their participation in this process.

For any questions concerning the consent and proxy solicitation process and the note exchange transaction, EPI noteholders may continue to contact BMO Capital Markets as solicitation agent by telephone at 1-416-359-6359 or toll-free at 1-833-418-0762 or by e-mail at liabilitymanagement@bmo.com.

Notice to EPI noteholders in the United States

The Enbridge notes to be issued in connection with the note exchange transaction have not been registered under the U.S. Securities Act of 1933, as amended, and are being issued pursuant to an exemption from the registration requirements of the U.S. Securities Act provided by Rule 802 thereunder.

The note exchange transaction described in this press release is made for the securities of a Canadian corporation. The note exchange transaction is subject to the disclosure requirements of Canada, and EPI noteholders in the United States should be aware that the foregoing disclosure requirements are different from those of the United States.

It may be difficult for U.S. EPI noteholders to enforce their rights and any claims U.S. EPI noteholders may have arising under U.S. federal securities laws, since EPI and Enbridge are located in Canada, and many of their officers and directors are residents of Canada. U.S. EPI noteholders may not be able to sue a Canadian corporation or its officers or directors in a Canadian court for violations of U.S. securities laws. It may be difficult to compel a Canadian corporation and its affiliates to subject themselves to a U.S. court's judgment.

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 and 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 more than a century of operating conventional energy infrastructure and two decades of experience in renewable power. It is advancing new technologies including hydrogen, renewable natural gas, and carbon capture and storage. Headquartered in Calgary, Alta., Enbridge has common shares that trade under the symbol ENB on the Toronto and New York stock exchanges.

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