Over 50 Years of
Delivering Value to Shareholders

In 2007, Enbridge marked the completion of its 54th year as a publicly traded company - the stock of its predecessor company, Interprovincial Pipe Line Company, Inc., was listed on the Toronto and Montreal stock exchanges on February 13, 1953. The accompanying graphs, showing annual dividends and share price over the 54-year period since the listings, reflect some of the major events in the Company's history - events such as the 1991 spinoff of Home Oil and the creation that same year of Enbridge Energy Partners to own and operate the Lakehead System, and the 1994 acquisition of what is now Enbridge Gas Distribution. The graphs also illustrate the steady, sustained growth that has characterized Enbridge for over half a century. Since 1953, the calculated annual total shareholder return, including dividends, has averaged just over 13%. That's a very positive story for Enbridge shareholders, and an achievement that we at Enbridge are justifiably proud of.

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