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<div><b>Page Content:</b> <p>Canadian Pacific Railway (TSX: CP) (NYSE: CP) today advised that Rick George has resigned from the CP Board of Directors.</p>
<p>“Rick has made a strong contribution to the Board, providing valuable insight and guidance.* The Board wishes to thank him for his many contributions to the Company, particularly his leadership in the Board's search for a new CEO,” said Paul Haggis, Chairman of the Board.</p>
<p>At this time the Board does not intend to fill the vacancy created by Mr. George’s departure.</p>
<h3>About Canadian Pacific</h3>
<p>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 cpr.ca and see how Canadian Pacific is Driving the Digital Railway. </p>
<h3>Contacts:</h3>
<p><strong>Media</strong> <br>Mark Seland<br>Tel.:* 403-540-7178<br>24/7 Media Pager: 855-242-3674************ <br>email: <a href="mailto:Mark_Seland@cpr.ca">Mark_Seland@cpr.ca</a></p>
<p><strong>Investment Community</strong><br>Janet Weiss<br>Tel.: 403-319-3591<br>email: <a href="mailto:investor@cpr.ca">investor@cpr.ca</a><br></p></div>
<div><b>News Release Date:</b> 6/26/2012 9:30 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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