Canadian Pacific Railway Ltd (CP): Bill Ackman Has No Plans to Sell Shares

Page 6 of 7 SEC Filing

SIGNATURES

After reasonable inquiry and to the best of my knowledge and belief, each of the undersigned certify that the information set forth in this
statement is true, complete and correct.

Dated: February 29, 2016

PERSHING SQUARE CAPITAL MANAGEMENT, L.P.
By: PS Management GP, LLC, its General Partner
By

/s/ William A. Ackman

William A. Ackman
Managing Member
PS MANAGEMENT GP, LLC
By

/s/ William A. Ackman

William A. Ackman
Managing Member

/s/ William A. Ackman

William A. Ackman

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