<div><b>Page Content:</b> <p>Canadian Pacific (NYSE,TSX: CP) announced today that it has been ordered by the Canadian Transportation Agency (CTA) to interchange traffic with the Montreal Maine and Atlantic Railway (MM&A) company effective immediately.</p>
<p>On August 13, 2013, CP issued an embargo regulating the interchange of all traffic to and from the MM&A.* This was in response to the same-day decision by the CTA to withdraw MM&A's certificate of fitness.* The CTA’s decision suspended MM&A's ability to operate a railway.</p>
<p>The CTA modified its decision on August 16, 2013 to permit MM&A to continue to operate until October 1, 2013, conditional upon MM&A proving adequate insurance.</p>
<p>CP expressed its concerns regarding the fitness of MM&A to safely handle hazardous substances, including the crude oil currently under investigation in the Lac Megantic derailment.* The CTA dismissed CP’s arguments and ordered CP to lift the embargo.</p>
<p>"While we disagree with this order, we have taken immediate steps to comply,” said E. Hunter Harrison, Canadian Pacific Chief Executive Officer.* “The CTA, as federal regulator, has satisfied itself that MM&A is fit to operate and has adequate insurance to do so.* We will review our legal options.”</p>
<h3>Contacts:</h3>
<p><strong>Media<br></strong>Ed Greenberg<br>Tel: 612-849-4717<br>24/7 Media Pager: 855-242-3674<br>email: <a href="mailto:ed_greenberg@cpr.ca">ed_greenberg@cpr.ca</a></p>
<p><strong>Investment Community</strong><br>Nadeem Velani<br>Tel: 403-319-3591<br>email: <a href="mailto:investor@cpr.ca">investor@cpr.ca</a></p></div>
<div><b>News Release Date:</b> 8/22/2013 9:45 AM</div>
<div><b>Location:</b> Calgary, Alberta</div>
<div><b>News Type:</b> Investors</div>
<div><b>Is Featured:</b> Yes</div>
More...
<p>On August 13, 2013, CP issued an embargo regulating the interchange of all traffic to and from the MM&A.* This was in response to the same-day decision by the CTA to withdraw MM&A's certificate of fitness.* The CTA’s decision suspended MM&A's ability to operate a railway.</p>
<p>The CTA modified its decision on August 16, 2013 to permit MM&A to continue to operate until October 1, 2013, conditional upon MM&A proving adequate insurance.</p>
<p>CP expressed its concerns regarding the fitness of MM&A to safely handle hazardous substances, including the crude oil currently under investigation in the Lac Megantic derailment.* The CTA dismissed CP’s arguments and ordered CP to lift the embargo.</p>
<p>"While we disagree with this order, we have taken immediate steps to comply,” said E. Hunter Harrison, Canadian Pacific Chief Executive Officer.* “The CTA, as federal regulator, has satisfied itself that MM&A is fit to operate and has adequate insurance to do so.* We will review our legal options.”</p>
<h3>Contacts:</h3>
<p><strong>Media<br></strong>Ed Greenberg<br>Tel: 612-849-4717<br>24/7 Media Pager: 855-242-3674<br>email: <a href="mailto:ed_greenberg@cpr.ca">ed_greenberg@cpr.ca</a></p>
<p><strong>Investment Community</strong><br>Nadeem Velani<br>Tel: 403-319-3591<br>email: <a href="mailto:investor@cpr.ca">investor@cpr.ca</a></p></div>
<div><b>News Release Date:</b> 8/22/2013 9:45 AM</div>
<div><b>Location:</b> Calgary, Alberta</div>
<div><b>News Type:</b> Investors</div>
<div><b>Is Featured:</b> Yes</div>
More...
