An anonymous director reports

CANADIAN PACIFIC KANSAS CITY LIMITED DECLARES DIVIDEND

Canadian Pacific Kansas City Ltd. has declared a quarterly dividend of 19 cents per share on the outstanding common shares.

The dividend is payable on April 29, 2024, to holders of record at the close of business on March 28, 2024, and is an eligible dividend for purposes of the Income Tax Act (Canada) and any similar provincial/territorial legislation.

About Canadian Pacific Kansas City Ltd.

With its global headquarters in Calgary, Alta., Canada, Canadian Pacific is the first and only single-line transnational railway linking Canada, the United States and Mexico, with unrivalled access to major ports from Vancouver to Atlantic Canada to the Gulf of Mexico to Lazaro Cardenas, Mexico.