Enbridge Inc. and Enbridge Pipelines Inc. Announce Completion of Debt Exchange Transaction

CALGARY, AB, June 16, 2026 /PRNewswire/ - Enbridge Inc. (TSX: ENB) (NYSE: ENB) (Enbridge) and its wholly owned subsidiary Enbridge Pipelines Inc. (EPI) today announced the completion of the previously announced transaction to exchange all outstanding series of EPI's medium term notes debentures (EPI Notes) 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 (the Note Exchange Transaction).

The completion of the Note Exchange Transaction gives EPI the flexibility to operate its business, while also delivering a range of operational, structural and capital markets benefits to EPI, Enbridge and the former EPI Noteholders.

BMO Nesbitt Burns Inc. acted as the Solicitation Agent for the Note Exchange Transaction, Computershare Investor Services Inc. acted as the Tabulation Agent and Sodali & Co. acted as the Information Agent.

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