© K A N SA S C IT Y S O U TH ER N CP-KCS Transaction Announcement 375+ statements of support filed with the STB CP-KCS response to comments filed with the STB Proxy statement filing Following approval by CP and KCS shareholders and satisfaction or waiver of other customary closing conditions, and, if necessary, prior approval by the STB for the use of a voting trust, CP will acquire KCS shares and place into voting trust; KCS shareholders receive consideration Obtain common control approval from STB and other applicable regulatory authorities Voting trust terminated; CP acquires voting rights and control of KCS STB comment period deadline 2021 2022 MARCH 21st MARCH / APRIL APRIL 2nd APRIL 12th LATE APRIL / EARLY MAY EXPECTED MID-2021 EXPECTED MID-2022 AFTER FULL STB APPROVAL PROGRESS TO DATE With 375+ statements of support received, shippers of all kinds will benefit from increased efficiency and simplicity of the combined network, which is expected to spur greater rail-to-rail competition and support customers in growing rail volumes. For more information on the transaction and the benefits it is expected to bring to the full range of stakeholders, visit FutureForFreight.com Merger Path to Completion - Expected Mid-2022 1 Filed by Kansas City Southern Pursuant to Rule 425 under the Securities Act of 1933 and deemed filed pursuant to Rule 14a-12 under the Securities Exchange Act of 1934 Subject Company: Kansas City Southern (Commission File No. 001-04717) Date: 4/16/2021