Enbridge Income Fund Holdings announces closing of $95.5 Million Common Share Offering

NOT FOR DISTRIBUTION IN THE UNITED STATES OR OVER U.S. NEWSWIRE SERVICES

Enbridge Income Fund Holdings Inc. (the "Company") (TSX:ENF) today announced it
has closed its previously announced public offering of common shares of the
Company ("Common Shares"). The Company, through a syndicate of underwriters
co-led by CIBC World Markets and RBC Capital Markets and including BMO Capital
Markets, Scotia Capital Inc., TD Securities  and National Bank Financial Inc.
issued 3.82 million Common Shares at a price of $25 per Common Share for gross
proceeds of $95.5 million. 


Concurrently with the closing, Enbridge Inc. ("Enbridge") (NYSE, TSX: ENB)
subscribed for 948,000 Common Shares at a price of $25 per Common Share on a
private placement basis to maintain its 19.9% ownership interest in the Company
and also subscribed for 5,232,000 Preferred Units, Series 4 of Enbridge
Commercial Trust ("ECT") at a price of $25 per unit for gross proceeds of $130.8
million. 


The proceeds from the issuance of Common Shares of $119.2 million ($95.5 million
public offering and $23.7 private placement), were used by the Company to
subscribe for 4,768,000 common units of Enbridge Income Fund (the "Fund") at a
price of $25 per unit. The Fund will use the proceeds from the issuance of the
common units and from ECT, totalling $250 million, to repay debt used to fund
capital expenditures and to partially fund ongoing capital expenditures
associated with the Fund's organic expansion strategy.


After the closing of the offering and the private placement to Enbridge, the
Company has 56,491,000 Common Shares issued and outstanding, of which 11,242,000
Common Shares are owned by Enbridge Inc.


ABOUT ENBRIDGE INCOME FUND HOLDINGS INC. 

Enbridge Income Fund Holdings Inc. is a publicly traded corporation. The
Company, through its investment in Enbridge Income Fund, holds high quality, low
risk energy infrastructure assets. The Fund's assets include interests in more
than 500 megawatts of renewable and alternative power generation capacity, a
portfolio of liquids transportation and storage businesses and a 50% interest in
the Canadian segment of the Alliance Pipeline. Information about Enbridge Income
Fund Holdings Inc. is available on the Company's website at
www.enbridgeincomefund.com. 


Certain information provided in this news release constitutes forward-looking
statements. Forward looking statements are typically identified by words such as
"contemplate", "anticipate", "expect", "project", "estimate", "forecast" and
similar words suggesting future outcomes or statements regarding an outlook.
Although the Company believes that these statements are based on information and
assumptions which are current, reasonable and complete, these statements and
assumptions 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. While the Company 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, including with respect to expected earnings and associated per
share amounts, or estimated future dividends, may vary significantly from those
expected. Readers are cautioned against placing undue reliance on
forward-looking statements. Except as may be required by applicable securities
laws, the Company 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.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Enbridge Income Fund Holdings Inc.
Jennifer Varey
Media
(888) 992-0997 / (403) 508-6563
jennifer.varey@enbridge.com


Enbridge Income Fund Holdings Inc.
Teri Majer
Investment Community
(403) 508-3185
Teri.majer@enbridge.com
www.enbridgeincomefund.com

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