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<div><b>Contact:</b> Danelle Wettstein</div>
<div><b>Page Content:</b> <p><span>Canadian Pacific (TSX:CP)(NYSE:CP) will release its fourth-quarter financial and operating results at 7:30 a.m. Eastern time (5:30 a.m. Mountain time) on January 26, 2012. </span></p>
<p><span></span><span>CP will discuss its results with analysts in a conference call beginning at 11:00 a.m. Eastern time (9:00 a.m. Mountain time) on January 26, 2012.</span></p>
<p><span></span><b><span>CONFERENCE CALL ACCESS</span></b></p>
<p><b><span></span></b><span>Toronto/International participants dial in number: </span><span>(</span><span>647) 427-7450<br></span><span>Operator assisted toll free dial in number: 1-888-231-8191<br></span><span>Callers should dial in 10 minutes prior to the call.<span>** </span></span></p>
<p><b><span></span></b><span>For those with Internet access we encourage you to listen via CP’s website at <a href="/"><span></span></a>. To access the webcast and the presentation material, click on “Invest In CP” tab.</span></p>
<p><span></span><span>A replay of the conference call will be available by phone through February 29, 2012 at </span><span>(416) 849-0833 or toll free 1-855-859-2056, passcode </span><span>36730106</span><span>. A webcast of the presentation and an audio file will be available at <a href="/"><span></span></a> under “Invest In CP” tab.</span></p>
<p><span></span><b><span>About Canadian Pacific</span></b><span><br>Canadian Pacific (TSX:CP)(NYSE:CP) operates a North American transcontinental railway providing freight transportation services, logistics solutions and supply chain expertise. Incorporating best-in-class technology and environmental practices, CP is re-defining itself as a modern 21st century transportation company built on safety, service reliability and operational efficiency. Visit<span> </span>and see how Canadian Pacific is Driving the Digital Railway.</span>*</p>
<p><i><span>Media <span>*********** </span><span>************************************* </span>Investor Relations<br></span></i><span>Nicole Sasaki<span>********************************</span><span>*********</span>Janet Weiss<br></span><span>Tel:<span>* </span>403 835-9005*<span>************************</span><span>****</span>Tel:<span>* </span>403 319-3591 <br></span><span>24/7 Media Pager:<span>* </span>855-242-3674*<span>**** </span><span>*</span><a href=""></a><br></span><span><a href=""></a> </span></p></div>
<div><b>News Release Date:</b> 12/20/2011 12:00 AM</div>
<div><b>Location:</b> Calgary, Alberta</div>
<div><b>News Type:</b> Investors</div>
<div><b>Is Featured:</b> No</div>

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