X0306 4 2021-12-14 1 0000054480 KANSAS CITY SOUTHERN KSU 0001635208 Beebe Lydia I 427 W 12TH STREET KANSAS CITY MO 64105 1 0 0 0 Common Stock 2021-04-21 5 G 0 E 3559 0 D 2028 D Common Stock 2021-12-14 4 D 0 2028 D 0 D Pursuant to the Agreement and Plan of Merger, dated as of September 15, 2021 (as amended, supplemented or otherwise modified from time to time, the Merger Agreement), by and among Canadian Pacific Railway Limited, a Canadian corporation (CP), Cygnus Merger Sub 1 Corporation, a Delaware corporation and a direct wholly owned subsidiary of CP (Surviving Merger Sub), Cygnus Merger Sub 2 Corporation, a Delaware corporation and a direct wholly owned subsidiary of Surviving Merger Sub and Kansas City Southern, a Delaware corporation (KCS), each outstanding share of KCS common stock, par value $0.01 (Common Stock), was converted into the right to receive (a) 2.884 of newly issued shares of CP common stock, without par value (such consideration, the Share Consideration) and (b) $90.00 in cash (together with the Share Consideration, the Merger Consideration). Holders of record of Common Stock will receive cash in lieu of fractional shares. Julie D. Powell, Attorney-in-fact 2021-12-15