3rd Quarter Results

Canadian Pacific Railway

26 October 2023

CANADIAN PACIFIC

Q3 RESULTS

Canadian Pacific Kansas City (TSX/NYSE: CP) today released its third-quarter results for 2023.

The announcement can be viewed at:

http://www.rns-pdf.londonstockexchange.com/rns/4460R_1-2023-10-26.pdf

The Management's Discussion and Analysis Report (supplement to the Q3, 2023 results) can be viewed at:

http://www.rns-pdf.londonstockexchange.com/rns/4460R_2-2023-10-26.pdf

26th October 2023

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