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<div><b>Page Content:</b> <p><span>Canadian Pacific (TSX: CP) (NYSE: CP) and the Canadian Pacific Police Association (CPPA), representing approximately 60 members of the company's police service, today announced they have reached a tentative five-year collective agreement. </span></p>
<p><span>"I am pleased we were able to reach agreement with our railway police, the third tentative agreement or ratified contract in a matter of weeks," said President and Chief Executive Officer, E. Hunter Harrison. </span></p>
<p><span>In addition to the CPPA, a tentative five-year agreement was reached with the International Brotherhood of Electrical Workers (IBEW) on November 15, while members of the United Steelworkers ratified a five-year contract on November 8. </span></p>
<p><span>The CPPA Memorandum of Settlement will be sent to the union membership for ratification in December. </span></p>
<p><span>Details of the agreement will be available following ratification.*</span><span>*</span></p>
<h3><span>For further information: </span></h3>
<p><b><span>Contacts: </span></b><span></span></p>
<p><b><span>CP*********************************************</span></b><span><br>Ed Greenberg**********************<br>Tel: 612-849-4717*****************<br>24/7 Media Pager: 855-242-3674<br><a href="mailto:ed_greenberg@cpr.ca">ed_greenberg@cpr.ca*</a> </span></p>
<p><b><span>CPPA</span></b><span><br>Clark Rutledge, President, CPPA<br>Tel: 604-469-5672</span></p></div>
<div><b>News Release Date:</b> 11/30/2012 6:45 PM</div>
<div><b>Location:</b> Calgary, Alberta</div>
<div><b>News Type:</b> Investors</div>
<div><b>Is Featured:</b> Yes</div>


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