Company: ENBSF
Filing Date: 2025-06-18
Form Type: 424B5
Source: 0001104659-25-060642
Chunk: 32

Company: ENBRIDGE INC
Filing Date: 2025-06-18
Form: 424B5
Chunk 32
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 (and the Corporation will remit the full amount withheld to the relevant authority
in accordance with applicable law). However, the Corporation will not be required to make any payment of additional amounts:

| (a) | to any person in respect of whom such taxes are required to be withheld or deducted as a result of such                        
 person or any other person that has a beneficial interest in respect of any payment under those Notes (i) not dealing at arm’s 
 length with the Corporation (within the meaning of the Tax Act), (ii) being a “specified shareholder” (as defined in           
 subsection 18(5) of the Tax Act) of the Corporation, or (iii) not dealing at arm’s length (for the purposes of the Tax         
 Act) with such a “specified shareholder”;                                                                                      |

| (b) | to any person by reason of such person being connected with Canada (otherwise than merely by holding or                                      
 ownership of those Notes or receiving any payments or exercising any rights thereunder), including without limitation a non-resident insurer 
 who carries on an insurance business in Canada and in a country other than Canada;                                                           |

| S-22 |

| (c) | for or on account of any tax, assessment or other governmental charge which would not have been so imposed                             
 but for: (i) the presentation by the holder of those Notes on a date more than 30 days after the date on which such payment became     
 due and payable or the date on which payment thereof is duly provided for, whichever occurs later; or (ii) the holder’s failure        
 to comply with any certification, identification, information, documentation or other reporting requirements if compliance is required 
 by law, regulation, administrative practice or an applicable treaty as a precondition to exemption from or a reduction in the rate of  
 deduction or withholding of, any such taxes, assessment or charge;                                                                     |

| (d) | for or on account of any estate, inheritance, gift, sales, transfer, personal property tax or any similar 
 tax, assessment or other governmental charge;                                                             |

| (e) | for or on account of any tax, assessment or other governmental charge required to be withheld by any paying                           
 agent from any payment to a person on those Notes if such payment can be made to such person without such withholding by at least one 
 other paying agent the identity of which is provided to such person;                                                                  |

| (f) | for or on account of any tax, assessment or other governmental charge which is payable otherwise than