Company: ENBSF
Filing Date: 2025-03-11
Form Type: 10-K/A
Source: 0001193125-25-052058
Chunk: 54

Company: ENBRIDGE INC
Filing Date: 2025-03-11
Form: 10-K/A
Chunk 54
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 respect of these legacy entitlements is C$5,591,000 and the accrued annual benefits payable at year end is C$353,000. |

| 4 | U.S. dollars have been converted to Canadian dollars using the published WM/Reuters 4 pm London year-end exchange rate of US$1 = C$1.4382 in 2024. The impact of changes to exchange rates on Mr. Ebel and Ms. Hansen’s accrued obligation are reflected in the non-compensatory change. |

| 5 | Ms. Hansen’s SMPP retirement benefit is indexed for inflation. |

| 6 | In 2020, Ms. Hansen and Mr. Gruending were granted a temporary hold-harmless against a reduction to their SMPP pension resulting from the significant reductions in base salary should they retire within five years of the reduction. These temporary base salary reductions were related to the impacts of COVID-19, reduced energy demand and reduced commodity prices, and were not intended to have a permanent impact on the SMPP lifetime pensions. NEO base salaries were reinstated in 2021. |

| 7 | Mr. Hedgebeth accrued a deferred vested pension benefit in respect of service while employed by Spectra Energy prior to March 2, 2017. This entitlement was assumed by Enbridge on closing of the Merger Transaction but is not linked to, or impacted by, his employment with Enbridge Inc., so is not included in the above table. As at December 31, 2024, the accrued obligation in respect of this legacy entitlement is C$383,000 and the accrued annual benefits payable at year end is C$41,000. |

Defined contribution plan The defined contribution pension plan is a non-contributorypension plan. The level of contribution varies, depending on age and years of service. None of the NEOs are currently participating in the defined contribution pension plan. Mr. Murray, Ms. Hansen, and Mr. Gruending participated in the defined contribution plan for approximately ten years, six years, and four years respectively, prior to joining the SMPP. The values shown below reflect market value of assets of the defined contribution plan.

| Executive          |     |  Accumulated value 
 at January 1, 2024 
                ($) |     | Compensatory 
 change1 ($)  |     |    Accumulated value 
 at December 31, 2024 
                  ($) |
|:-------------------|:----|-------------------:|:----|: