CANADIAN NATIONAL RAILWAY COMPANY

Surface transportation reauthorization issues Implementation of CN's acquisition of the major portion of the Elgin, Joliet & Eastern Railway Company Implementation of Positive Train Control technology Expansion of rail passenger services in the United States Safe Transportation by rail of materials, commodities, crude oil and hazardous materials Issues relating to transportation and infrastructure Proposed Railway Safety Legislation UP-NS merger

Surface transportation reauthorization issues Implementation of CN's acquisition of the major portion of the Elgin, Joliet & Eastern Railway Company Implementation of Positive Train Control technology Expansion of rail passenger services in the United States Safe transportation by rail of crude oil and other hazardous materials Proposed Railway Safety Act legislation NS-UP proposed merger

Surface transportation/railroad homeland security issues Border security and cross-border commerce/U.S.-Canada Beyond the Border Initiative

Short Line Tax Credit provision 45G Tax reform and rate reduction issues

NAFTA Cross-border trade issues USMCA negotiations