HOUSTON, September 14, 2026 – Baker Botts L.L.P., a leading international energy, technology, and life sciences law firm, represented the underwriters in Enbridge Inc.’s (TSX: ENB) (NYSE: ENB) public offering of common shares for gross proceeds of approximately CDN$3 billion.

Enbridge issued 44,735,000 common shares, including 5,835,000 shares issued after the underwriters exercised their over-allotment option in full. RBC Capital Markets and CIBC Capital Markets led the underwriting syndicate, which also included Scotiabank, BMO Capital Markets, TD Securities Inc. and National Bank of Canada Capital Markets as joint bookrunners.

Enbridge intends to use the net proceeds to partially fund announced acquisitions and potential future growth opportunities. The company may temporarily use a portion of the proceeds to reduce indebtedness or invest in short-term liquid investments.

Enbridge, headquartered in Calgary, Alberta, operates North American natural gas, oil and renewable power networks as well as a European offshore wind portfolio.

Baker Botts advises leading issuers, investment banks and private equity sponsors on sophisticated debt and equity offerings across a broad range of industries. The firm’s Capital Markets Practice Group handles the full spectrum of financing transactions, including IPOs, follow-on offerings, investment-grade and high-yield debt, Rule 144A and Regulation S offerings, private placements, convertible securities, liability management transactions, utility securitizations and securities offerings connected with M&A transactions.

Baker Botts Lawyers/Offices Involved:

Corporate: Natasha Khan (Partner, Houston); Doug Getten (Partner, Houston); Joshua Davidson (Senior Counsel, Houston); Tiana Cherry (Special Counsel, Houston); Shelby Brown (Senior Associate, Houston); Spencer Russo (Associate, Houston)

Environmental: Elizabeth Singleton (Special Counsel, Houston)

Regulatory: Ryan Norfolk (Partner, Washington DC)

Tax: Chuck Campbell (Special Counsel, Houston)