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Press release from Marketwire

Enbridge Income Fund Acquisition of Renewable Energy Assets to Close on October 21, 2011

Tuesday, October 18, 2011

Enbridge Income Fund Acquisition of Renewable Energy Assets to Close on October 21, 201120:00 EDT Tuesday, October 18, 2011CALGARY, ALBERTA--(Marketwire - Oct. 18, 2011) - Enbridge Income Fund Holdings Inc. (the "Company") (TSX:ENF) announced today that Enbridge Income Fund (the "Fund") has received all approvals required for the acquisition for $1.23 billion (the "Transaction") from indirect wholly-owned subsidiaries of Enbridge Inc. (TSX:ENB) (NYSE:ENB) of a portfolio of renewable energy assets consisting 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.To partially fund the acquisition by the Fund, the Company issued an aggregate of 11,707,000 subscription receipts ("Subscription Receipts") at a price of $18.75 per Subscription Receipt and will complete a private placement to Enbridge Inc. (the "Private Placement") of 2,909,000 common shares of the Company ("Common Shares") at a price of $18.75 per Common Share. The gross proceeds from the sale of the Subscription Receipts and the Private Placement will be used by the Company to acquire 14,616,000 ordinary trust units of the Fund at a price of $18.75 per unit.The Subscription Receipts Register will close at 4:30 p.m. Calgary Time on October 20, 2011 and the Transaction will close on October 21, 2011 (the "Closing Date"). On the Closing Date, immediately prior to closing of the Transaction, holders of Subscription Receipts will receive one Common Share and $0.096 (equal to the dividend paid on October 17, 2011 for each Common Share) for each Subscription Receipt without any further action or additional consideration on the part of the holder, and the Company will close the Private Placement.In addition, on October 21, 2011, the Common Shares to be issued in respect of the Subscription Receipts and the Private Placement will be listed and posted for trading on the Toronto Stock Exchange. Trading of the Subscription Receipts will be halted on October 21, 2011 and delisted at the close of business on the same day.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