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Enbridge announces quarterly interest distributions for Preferred Securities

CALGARY, ALBERTA--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

April 1, 2002, to holders of record at the close of business on

March 15, 2002.

A quarterly interest distribution of $0.50 per security will be

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

April 1, 2002, to holders of record at the close of business on

March 15, 2002.

A quarterly interest distribution of $0.2351 per security will be

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

April 1, 2002, to holders of record at the close of business on

March 15, 2002.

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 serving approximately 1.5 million customers in Ontario,

Quebec and New York State.

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