On October 5, 2021, CIFF Capital UK LP and The Children’s Investment Master Fund, acting by their investment manager TCI Fund Management Limited (CIFF Capital UK LP, The Children’s Investment Master Fund and TCI Fund Management Limited, together, “TCI”), confirmed it will nominate 4 independent directors: Gilbert Lamphere, Allison Landry, Rob Knight and Paul Miller to the Canadian National Railway Board of Directors at the Company’s special meeting of shareholders scheduled for March 22, 2022. TCI Fund reiterates need for Board and CEO change at the Company. In addition, TCI Fund sets the record straight on inaccurate claims from the Company Board.