SUSTAINING LEADERSHIP Enbridge Inc. has achieved a position of leadership within the energy delivery and services industry, delivering the highest total shareholder return of its Canadian peer group over the past five years. Now, with a new President & Chief Executive Officer at the helm, and a restructured Corporate Leadership Team in place to sustain the high-quality leadership that has been the hallmark of the organization, Enbridge is poised for continued profitable growth. Effective January 1, 2001, Patrick D. Daniel (third from left) became  President & Chief Executive Officer of Enbridge. Mr. Daniel has been with the Company for over 12 years, and has 30 years of energy sector experience. His leadership skills and executive experience in both the upstream and pipeline sectors are assets and attributes that fit well with the customer-driven organization that Enbridge has built. The Corporate Leadership Team that supports Mr. Daniel includes (from left to right): ◗ Mel F. Belich, Group Vice President, International . Mr. Belich is responsible for International investments  and operations, including the Company’s Latin American projects, Enbridge Technology, and International liquids, gas and electric development. ◗ Bonnie D. DuPont, Group Vice President, Corporate Resources . Ms. DuPont is responsible for Law and the Corporate Secretariat function, Human Resources, Public  & Government Affairs, Office Services, and Corporate Information Technology. ◗ Stephen J.J. Letwin, Group Vice President, Distribution  & Services . Mr. Letwin is responsible for Energy Distribution and Energy Services, including Enbridge Consumers Gas, Enbridge Gas New Brunswick, and Cornwall Electric. He is also responsible for Enbridge Commercial Services, Enbridge Services Inc. and the Company’s investment  in Noverco Inc. ◗ Derek P. Truswell, Group Vice President & Chief Financial Officer . Mr. Truswell continues to be responsible for Treasury, the Controller’s area, Risk Management, Audit Services, and the Financial Services group which includes Investor Relations, Pension Fund Investment and Tax. ◗ Rudy G. Riedl . Mr. Riedl continues in his role as  President, Enbridge Consumers Gas . In addition, he is  Senior Vice President, Energy Distribution and has responsibility for Cornwall Electric and Enbridge Gas New Brunswick. ◗ Stephen J. Wuori, Group Vice President, Planning & Development . Mr. Wuori’s mandate is to lead the critical corporate aspect of mergers, acquisitions and business development. He is also responsible for northern pipeline development, emerging energy technologies, and long- range planning. ◗ J. Richard Bird, Group Vice President, Transportation . Mr. Bird is responsible for Energy Transportation  operations including Enbridge Pipelines and its related liquids pipelines operations, the Alliance and Vector natural gas pipeline investments, and midstream investments such as AltaGas Services.