Issuance of common shares, net of issuance costs 0.1 0.7

Laurentian Bank of Canada Completes Common Share Offering

Issuance of common shares and warrants 869 174,932

Issuance of shares upon exercise of stock options 1,487 - (553 ) - - 934

Issuance of common shares and warrants 177,934 4,887

National Bank of Canada Announces Closing of Common Share Offering

In December 2008, Fortis completed a $300 million common share issue.

As such, no further follow-on Enbridge Inc. common equity is required to support the current financing plan.

Issuance of shares upon financing, net of costs and deferred tax of $2,200 14,573 - - - - 14,573

Issuance of shares upon bought deal, net of costs and deferred tax of $3,080 221,631 - - - - 221,631

Focus will then have the option to become operator by paying $50,000 in cash or issuing a block of common shares valued at $50,000.

Prospectus relating to the issuance of new ordinary shares:

The capital increase involves issuing ordinary shares without pre-emptive rights as part of a private investment for the benefit of qualified domestic and international investors.

Cenovus Energy Inc. (TSX:CVE) has announced the closing of a prospectus offering of common shares as part of the acquisition of assets from ConocoPhillips (NYSE:COP).

In addition, the purchase and cancellation of common shares versus issuance of common shares yielded a negative variance of $0.8 million.