FIVE YEAR CONSOLIDATED HIGHLIGHTS 1 Data for 2000 are for Toronto Stock Exchange only. Prior year data include the Toronto and Montreal stock exchanges. 2 Earnings applicable to common shareholders divided by average common equity (weighted monthly during the year). 3 Sum of earnings, minority interest and after tax interest expense divided by average capital employed (weighted monthly during the year). Capital employed is equal to the sum  of shareholders’ equity, non-controlling (minority) interest, future income taxes, deferred credits, and total debt (excluding short term borrowings which finance gas in storage). 4 Total long-term debt (including current portion) divided by the sum of total long-term debt, shareholders’ equity and non-controlling (minority) interest. 5 Sum of earnings before income taxes, minority interest and interest expense, divided by interest expense. 6 Dividends per common share divided by earnings per share applicable to common shareholders. Shareholder and Investor Information (per share amounts in dollars) 2000 1999 1998 1997 1996 Average common shares outstanding weighted monthly during the year  (thousands) 154,469 150,995 145,448 137,808 124,330 Number of registered common shareholders at year end 8,265 8,877 9,207 10,036 10,060 Common Share Trading (TSE) 1 High 44.00 36.33 35.70 32.85 21.00 Low 23.00 28.60 28.95 19.53 15.88 Close 43.70 28.65 35.25 32.70 19.98 Volume (millions) 68.2 51.8 61.5 55.3 52.2 Per Common Share Data Earnings applicable to common shareholders 2.54 1.91 1.66 1.58 1.45 Cash provided from operating activities 1.71 3.28 2.15 3.18 3.86 Dividends paid on common shares 1.270 1.195 1.120 1.060 1.015 Financial Ratios Return on average shareholders’ equity 2 18.6% 14.3% 13.8% 14.2% 15.0% Return on average capital employed 3 7.2% 6.6% 6.6% 7.0% 7.6% Debt to debt plus shareholders’ equity 4 67.6% 67.4% 69.7% 67.7% 68.4% Debt to total capital employed 61.6% 63.7% 64.8% 62.5% 62.5% Earnings coverage of interest 5 2.0x 2.0x 2.0x 2.4x 2.3x Dividend payout ratio 6 50.0% 62.6% 67.5% 67.1% 70.0% ENBRIDGE 2000 ANNU AL REPORT 55