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Press release from Marketwire

Enbridge Income Fund Holdings Inc. Shareholders Approve Acquisition of Renewable Energy Assets

Monday, October 17, 2011

Enbridge Income Fund Holdings Inc. Shareholders Approve Acquisition of Renewable Energy Assets17:30 EDT Monday, October 17, 2011CALGARY, ALBERTA--(Marketwire - Oct. 17, 2011) -NOT FOR DISTRIBUTION IN THE UNITED STATES OR OVER U.S. NEWSWIRE SERVICESEnbridge Income Fund Holdings Inc. (the "Company") (TSX:ENF) announced today that shareholders (other than Enbridge and its affiliates) have approved the acquisition by Enbridge Income Fund (the "Fund") of a portfolio of renewable energy assets (the "Transaction") for $1.23 billion.The renewable energy assets to be acquired by the Fund from indirect wholly-owned subsidiaries of Enbridge Inc. (TSX, NYSE: ENB) consist of 100% interests in the 190-MW Enbridge Ontario Wind Project, the 99-MW Talbot Wind Project and the 80-MW Sarnia Solar Project, which is the largest operating photovoltaic solar facility in the world.Closing of the transaction is subject to receipt of regulatory approval, which is expected shortly.About Enbridge Income Fund Holdings Inc.Enbridge Income Fund Holdings Inc. (the "Company") is a publicly traded corporation. The Company, through its investment in Enbridge Income Fund (the "Fund"), holds high quality energy infrastructure assets. The Fund's assets include a 50% interest in the Canadian segment of the Alliance Pipeline, a 100% interest in the various pipelines comprising the Saskatchewan System, a 50% interest in each of NRGreen Limited Partnership and the Sunbridge wind project as well as a 33% interest in each of the Magrath and Chin Chute wind projects. Information about Enbridge Income Fund Holdings Inc. is available on the Company's website at www.enbridgeincomefund.com.Certain information provided in this news release constitute forward-looking statements. Forward looking statements are typically identified by words such as "contemplate", "anticipate", "expect", "project", "estimate", "forecast" and similar words suggesting future outcomes or statements regarding an outlook. Although the Company believes that these statements are based on information and assumptions which are current, reasonable and complete, these statements and assumptions are necessarily subject to a variety of risks and uncertainties pertaining to operating performance, regulatory parameters, weather, economic conditions and commodity prices. You can find a discussion of those risks and uncertainties in our Canadian securities filings. While the Company makes these forward-looking statements in good faith, should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results, including with respect to expected earnings and associated per share amounts, or estimated future dividends, may vary significantly from those expected. Readers are cautioned against placing undue reliance on forward-looking statements. Except as may be required by applicable securities laws, the Company assumes no obligation to publicly update or revise any forward-looking statements made herein or otherwise, whether as a result of new information, future events or otherwise.FOR FURTHER INFORMATION PLEASE CONTACT: Jennifer VareyEnbridge Income Fund Holdings Inc.Media(888) 992-0997 / (403) 508-6563jennifer.varey@enbridge.comORTeri MajerEnbridge Income Fund Holdings Inc.Investment Community(403) 508-3185teri.majer@enbridge.comwww.enbridgeincomefund.com