Mr. Chris de Bruyn reports

CANADIAN PACIFIC KANSAS CITY LIMITED DECLARES DIVIDEND

The board of directors of 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 July 29, 2024, to holders of record at the close of business on June 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, CPKC 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. Stretching approximately 20,000 route miles and employing 20,000 railroaders, CPKC provides North American customers unparalleled rail service and network reach to key markets across the continent. CPKC is growing with its customers, offering a suite of freight transportation services, logistics solutions and supply chain expertise.