Company: ENBSF
Filing Date: 2025-11-17
Form Type: 424B5
Source: 0001104659-25-112992
Chunk: 65

Company: ENBRIDGE INC
Filing Date: 2025-11-17
Form: 424B5
Chunk 65
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in France only:

| · | to qualified investors (investisseurs qualifiés) and/or to a restricted circle of investors (cercle                                    
 restraint d’investisseurs), in each case investing for their own account, all as defined in, and in accordance with, articles L.411-2, 
 D.411-1, D.411-2, D.734-1, D.744-1, D.754-1 and D.764-1 of the French Code monétaire et financier;                                     |

| · | to investment services providers authorized to engage in portfolio management on behalf of third parties; 
 or                                                                                                        |

| · | in a transaction that, in accordance with article L.411-2-II-1o-or-2o-or 3o of the French Code monétaire  
 et financier and article 211-2 of the General Regulations (Règlement Général) of the Autorité des Marchés 
 Financiers, does not constitute a public offer (appel public à l’épargne).                                |

The Notes may be resold directly or indirectly,
only in compliance with articles L.411-1, L.411-2, L.412-1 and L.621-8 through L.621-8-3 of the
French Code monétaire et financier.

Notice to Prospective Investors in Ireland

No action may be taken with
respect to the Notes in or involving Ireland otherwise than in conformity with the provisions of (a) the European Union (Markets
in Financial Instruments) Regulations 2017 (S.I. No. 375 of 2017) (as amended) of Ireland (the “MiFID Regulations”),
including, without limitation, Regulation 5 (Regulation for authorisation (and certain provisions concerning MTFs and OTFs)) thereof,
or any corresponding provision of any replacement legislation, or any codes of conduct used in connection therewith and the provisions
of the Investor Compensation Act 1998 of Ireland, (b) the Companies Act 2014 of Ireland (as amended, the “Companies Act”),
the Central Bank Acts 1942 to 2018 of Ireland (as amended) and any codes of conduct rules made under Section 117(1) of
the Central Bank Act 1989 of Ireland (as amended), (c) the Prospectus Regulation and any rules or guidance issued under Section 1363
of the Companies Act