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Enbridge Announces Quarterly Interest Distributions for Preferred Securities

CALGARY, ALBERTA--December 1, 2003 - Enbridge Inc. today

announced the following quarterly interest distributions on its

Preferred Securities, Series B, Series C, and Series D.

A quarterly interest distribution of $0.475 per security will be

paid on the company's 7.60% Preferred Securities, Series B, on

December 31, 2003, to holders of record at the close of business

on December 15, 2003.

A quarterly interest distribution of $0.50 per security will be

paid on the company's 8.00% Preferred Securities, Series C, on

December 31, 2003, to holders of record at the close of business

on December 15, 2003.

A quarterly interest distribution of $0.4875 per security will be

paid on the company's 7.80% Preferred Securities, Series D, on

December 31, 2003, to holders of record at the close of business

on December 15, 2003.

Enbridge Inc. is a publicly traded Canadian company and a leader

in energy transportation and distribution in North America and

internationally. The company operates, in Canada and the U.S.,

the world's longest crude oil and liquids pipeline system. It

also owns and operates Canada's largest natural gas distribution

company and delivers gas to approximately 1.6 million customers

in Ontario, Quebec, New Brunswick and New York State.

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