Company: ENBSF
Filing Date: 2025-06-16
Form Type: 424B5
Source: 0001104659-25-059675
Chunk: 42

Company: ENBRIDGE INC
Filing Date: 2025-06-16
Form: 424B5
Chunk 42
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 companies that clear through or maintain a custodial
relationship with a Direct Participant, either directly or indirectly (“Indirect Participants”). The rules applicable
to the Depositary and its Participants are on file with the SEC.

Purchases of the Notes under
the Depositary’s system must be made by or through Direct Participants, which will receive a credit for such Notes on the Depositary’s
records. The ownership interest of each actual purchaser of each Note represented by a Global Security (“Beneficial Owner”)
is in turn to be recorded on the Direct and Indirect Participants’ records. Beneficial Owners will not receive written confirmation
from the Depositary of their purchase. Beneficial Owners are, however, expected to receive written confirmations providing details of
the transaction, as well as periodic statements of their holdings, from the Direct or Indirect Participants through which such Beneficial
Owner entered into the transaction. Transfers of ownership interests in a Global Security representing Notes are to be accomplished by
entries made on the books of Participants acting on behalf of Beneficial Owners. Beneficial Owners of a Global Security representing the
Notes will not receive Notes in definitive form representing their ownership interests therein, except in the event that use of the book-entry
system for such Notes is discontinued.

| S-28 |

To facilitate subsequent transfers,
the Global Securities representing the Notes which are deposited with the Depositary are registered in the name of the Depositary’s
nominee, Cede & Co., or such other name as may be requested by an authorized representative of the Depositary. The deposit of
Global Securities with the Depositary and their registration in the name of Cede & Co. or such other nominee effect no change
in beneficial ownership. The Depositary has no knowledge of the actual Beneficial Owners of the Global Securities representing the Notes;
the Depositary’s records reflect only the identity of the Direct Participants to whose accounts such Notes are credited, which may
or may not be the Beneficial Owners. The Participants will remain responsible for keeping account of their holdings on behalf of their
customers.

Conveyance of notices and
other communications by the Depositary to Direct Participants, by Direct Participants to Indirect Participants, and by Direct Participants
and Indirect Participants to Beneficial Owners will be governed by arrangements among them, subject to any statutory or regulatory requirements
as may be in effect from time to time. Beneficial Owners of the Notes may wish to take certain steps to augment transmission to them of
notices of significant events with respect to the