On April 29, 2024, Ancora Holdings Group, LLC announced that Glass, Lewis & Co., a leading independent proxy advisory firm, recommended shareholders to vote for election of 6 nominees Betsy Atkins, James Barber, Jr., William Clyburn, Jr., Sameh Fahmy, Gilbert Lamphere and Allison Landry on the BLUE Proxy Card at the upcoming Annual Meeting of Shareholders on May 9, 2024. Frederick D. DiSanto, Chairman and Chief Executive Officer of Ancora, and James Chadwick, President of Ancora Alternatives LLC, commented: ?We appreciate that Glass Lewis has conducted an extremely thoughtful and thorough analysis of the Company, resulting in a recommendation for 6 of its director candidates, including proposed CEO Jim Barber. Glass Lewis affirms our view that several tenured insiders, including Chair Amy Miles, Director Claude Mongeau and CEO Alan Shaw, should be immediately replaced due to their apparent responsibility for sustained underperformance.

Additionally, the firm?s report accurately diagnoses that the Board and Shaw are committed to an unproven strategy ?that relies on inherently incompatible railroading concepts.? Lastly, the report highlights the Board?s recent string of reactive moves, including the decision to provide financial and strategic consideration to a competitor ? without a shareholder vote ?

in order to hire an operating executive during a contest. Although we believe the only way to ensure a change in CEO and shift in strategy is to elect our full slate, this recommendation from Glass Lewis sends an important message to shareholders about the urgent need for changes in leadership and strategy at Norfolk Southern.?