An investment you can count on.

Enbridge Income Fund has steadily grown the cash generated by its operating businesses through prudent investment in low-risk infrastructure.

Following the restructuring of Enbridge Income Fund on December 17, 2010, investors participate in the cash flow generated by the Fund through their common share ownership of Enbridge Income Fund Holdings Inc. The Company intends to pay dividends on a quarterly basis. On March 15, 2011 our Board declared an initial dividend of $0.288 per share which is equivalent on an annualized basis to the distribution paid by the Fund in 2010.

11%. – Enbridge Income Fund grew cash available for distribution by 11% in 2010 as a result of the expansion of its Saskatchewan System.

reliable cashflow

Enbridge Income Fund has a 50% interest in the Canadian portion of the Alliance Pipeline, which transports about 1.6 billion cubic feet per day of rich, high-energy natural gas from supply areas in western Canada and the Bakken region in North Dakota to delivery points near Chicago, Illinois.

Our assets are strategically positioned for growth.

We are well positioned to reap the benefits of growing oil production in the Bakken Formation in Saskatchewan.

The Fund’s Saskatchewan System is expanding in response to rapid growth in oil production in the Bakken Formation, which has estimated proven reserves of over 10 billion barrels in a region spanning Saskatchewan, Manitoba, North Dakota and Montana.

bakken ormation

100%. – Enbridge Income Fund has a 100% interest in the Saskatchewan System, which is the largest pipeline in the Bakken region in southeastern

Saskatchewan. The Phase II system expansion was substantially completed in December 2010, increasing crude oil capacity across the system by approximately 125,000 bpd, and is expected to generate incremental earnings and cash flow.

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Enbridge Income Fund is investing approximately $190 million in the Bakken Expansion Program, a joint venture with Enbridge Energy Partners, L.P. that will increase takeaway capacity from the Bakken area by an initial 145,000 barrels per day. The new capacity, which will be expandable to 325,000 barrels per day, is expected to be in service in 2013.

You can count on us to deliver.

Although our corporate structure and trading symbol changed in 2010, our investors can rest assured that nothing else has changed. Through Enbridge Income Fund Holdings Inc., we are continuing to deliver the same reliable value proposition for shareholders that we always have—highly predictable earnings and cash flow, supported by the same group of energy infrastructure assets. In 2010, through investments in Alliance Canada, the Saskatchewan System and Green Energy, we generated a total return to unitholders of 44.8%, and these businesses are well positioned to deliver solid and stable returns for years to come.

Through their investment, shareholders are participating in three solid businesses, all of which have favourable fundamentals for continued growth.

assets by business

* Excluding Corporate charges

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Our interests in three wind power projects and four waste-heat electricity generating stations have the capacity to generate up to 91 MW of emissions-free electricity. All of these facilities are supported by long-term, fixed-price power purchase agreements.