Q1 Highlights and Growth Prospects

Capital Allocation Update ENBRIDGE® 1 Protect Balance Sheet On track for ≤ 4.7x debt/EBITDA Full year benefit of L3R and EIEC; $1.1B of Noverco proceeds BBB+ ratings across all credit agencies (S&P and Fitch re-affirmed in 2022) 2 Sustainable Return of Capital 3 Further 3% dividend increase in 2022 (27th consecutive annual increase) Grow dividend up to medium term DCF/s growth (5-7% to 2024) $1.5B buyback program; $50 million used in Q1 Organic Growth $1.0B of capital sanctioned in 2022 $10B secured growth program through 2025 High visibility to annual deployment of $5-6B capacity Disciplined investment of financial capacity to maximize long-term growth & value creation 22 22

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