Enbridge Announces Full Exercise of Underwriters' Option

Wed Apr 10, 2013 6:48pm EDT

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Enbridge Inc.

April 10, 2013 - 06:47:35 PM

Enbridge Announces Full Exercise of Underwriters' Option

CALGARY, ALBERTA--(Marketwired - April 10, 2013) - 


Enbridge Inc. (TSX:ENB) (NYSE:ENB) announced today that further to the public
offering of 10,850,000 common shares previously announced on April 4, 2013
(the "Offering"), RBC Capital Markets and Scotiabank  have exercised the
underwriters' option granted to them to purchase an additional 2,170,000
common shares. Gross proceeds from the Offering, inclusive of the
underwriters' option, are expected to be approximately $600 million. Closing
of the Offering is expected on or about April 16, 2013.

The Offering is being made only in Canada by means of a prospectus. Proceeds
will be used to fund our recently announced regional oilsands, renewable
energy, and natural gas pipelines and processing projects, reduce outstanding
indebtedness, to make investments in subsidiaries and for general corporate

This news release does not constitute an offer to sell or a solicitation of an
offer to buy the common shares in any jurisdiction. The common shares offered
have not been registered under the United States Securities Act of 1933, as
amended, and may not be offered or sold within the United States unless
registered under the U.S. Securities Act and applicable state securities laws
or an exemption from such registration is available.

About Enbridge Inc.

Enbridge Inc. is a North American leader in delivering energy and one of the
Global 100 Most Sustainable Corporations. As a transporter of energy, Enbridge
operates, in Canada and the U.S., the world's longest crude oil and liquids
transportation system. The Company also has a significant and growing
involvement in natural gas gathering, transmission and midstream businesses,
and an increasing involvement in power transmission. As a distributor of
energy, Enbridge owns and operates Canada's largest natural gas distribution
company, and provides distribution services in Ontario, Quebec, New Brunswick
and New York State. As a generator of energy, Enbridge has interests in close
to 1,000 megawatts of renewable and alternative energy generating capacity and
is expanding its interests in wind and solar energy, geothermal and hybrid
fuel cells. Enbridge employs 10,000 people, primarily in Canada and the U.S.
and is ranked as one of Canada's Greenest Employers, and one of the Top 100
Companies to Work for in Canada. Enbridge's common shares trade on the Toronto
and New York stock exchanges under the symbol ENB. For more information, visit

Certain information provided in this news release constitutes forward-looking
statements. The words "anticipate", "expect", "project", "estimate",
"forecast" and similar expressions are intended to identify such
forward-looking statements. Although Enbridge believes that these statements
are based on information and assumptions which are current, reasonable and
complete, these statements are necessarily subject to a variety of risks and
uncertainties pertaining to operating performance, regulatory parameters,
weather, economic conditions and commodity prices. You can find a discussion
of those risks and uncertainties in our Canadian securities filings and
American SEC filings. While Enbridge makes these forward-looking statements in
good faith, should one or more of these risks or uncertainties materialize, or
should underlying assumptions prove incorrect, actual results may vary
significantly from those expected. Except as may be required by applicable
securities laws, Enbridge assumes no obligation to publicly update or revise
any forward-looking statements made herein or otherwise, whether as a result
of new information, future events or otherwise.

Enbridge Inc.
Jennifer Varey
(403) 508-6563 or Toll Free: (888) 992-0997

Enbridge Inc.
Jody Balko
Investment Community
(403) 231-5720
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