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Enbridge Announces Quarterly Interest Distributions for Preferred Securities

June 4, 2001

CALGARY, ALBERTA--Enbridge Inc. today announced that a quarterly interest distribution of $0.475 per security will be paid on the company's 7.60% Preferred Securities, Series B, on July 3, 2001, to holders of record at the close of business on June 15, 2001.

Enbridge also announced that a quarterly interest distribution of $0.50 per security will be paid on the company's 8.00% Preferred Securities, Series C, on July 3, 2001, to holders of record at the close of business on June 15, 2001.

Enbridge Inc. is a publicly traded Canadian company and a leader in energy transportation, distribution and services 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.