Indianapolis Intermodal Terminal Open for Business July 1, 2013! 1

 Privately-held company, founded in 1986  Corporate headquarters in Indianapolis  500-mile system serving central and southwest Indiana and central Illinois, with major rail gateways at Indianapolis, Chicago, Louisville and Newton, Ill.  Hauls consumer, energy and industrial products  Daily service to CN interchange at Newton, Ill.  Serves major customers such as Ameren, Bemis, Duke Energy, General Electric, The Hershey Co., Indianapolis Power & Light Co., Marathon Petroleum, Naval Support Activity (NSA) Crane, Peabody Energy, PolyOne Corp., Rogers Group 2 The Indiana Rail Road

 Connecting import and export markets  Only railroad with a bypass around Chicago  The only rail connection to all three coasts  Serving 75% of the U.S. population and all major Canadian markets Scope and Scale 3

 We are service companies  We define service in an overall supply chain framework  We are partners with every link of the chain; We are supply chain enablers  We help our customers grow their markets  We move the economy, and we do it sustainably  We do what we say we will do, and we return phone calls The INRD-CN Mindset: 4

Supply Chain Perspective is Essential  Ports & terminals supply chain agreements  Scheduled rail service  Streamlined U.S./Canadian customs inspections  Key performance indicators (KPI) driven  Dedicated customer service  Labor partnership 5

Redefining Transportation Time Total transportation time: days at start-up. As few as 20 days once Indianapolis volume reaches critical mass Fast Ocean TransitFluid Port TerminalsFast, Reliable Rail Transit Local Truck Delivery

 Closest port to Asia – 57 hours sailing time closer than LA/Long Beach; 24 hrs closer than Seattle  750,000 TEU capacity, rising to 1.2M TEU by Q  365M (1,300') berth, 17 M (55') draft at low tide; 2 more berths in Q  4 Ultra-Post-Panamax cranes speed vessel turns -- two more in Q  Single-line CN service to U.S. Midwest and Canadian markets Port of Prince Rupert

Port of Vancouver  3.7M TEU handling capacity  4 ocean terminals  Deltaport, Vanterm, Centerm, Fraser Surrey Docks  On-dock rail service  9 berths ranging from 41 ft to 53 ft  26 dock-side gantry cranes including Post-Panamax and Super-Post-Panamax  Long-term labour agreements in place 8

CN’s Natural Advantage  Lowest grade through the Rockies coupled with Rupert’s low sea level elevation  Results in the lowest level of fuel consumption and the smallest carbon footprint 9

Our Ocean Carrier Partners Vancouver Prince Rupert 4 major partners at Prince Rupert 13 major partners at Vancouver 10

 Manages close to 44 transborder trains per day  On average US CBP clears CN train in 30 minutes or less  Over 30% of CN’s revenues are attributable to cross border traffic with over 6,000 containers/weel  Partners fully with both US and Canada Customs agencies  C-TPAT, P.I.P., CSA  Risk Management and CN Police closely tied with US CBP, CBSA, and law enforcement agencies on border security Transborder Dynamics Transborder Operation A Fluid and Safe Border Crossing 11

Senate Avenue Terminal and Transload Center 12  Located at 1585 S. Senate Avenue, less than a mile south of downtown Indianapolis.  Minutes from all Interstate highways  On-site truck-to-container transload centers for corn, soybeans, DDGs, food and lumber products  U.S. Customs-bonded Container Yard  Capacity to move up to 24,000 containers/year, with room to grow  Expansion potential: Nearby privately-owned parcels ripe for light-industrial redevelopment

13 FAQ Q. Where is the ramp located? 1585 South Senate Avenue, Indianapolis IN, (One-half mile from Interstate 70/West Street exit) Q. How much free storage time is allotted? Loaded import steamship units have 48 hours free time and empty units 72 hours free time. Q. What are the hours of service? From 0600 to 1800 Monday-Friday, 0800-Noon Saturday, excluding statutory holidays. Q. Are transload facilities available? Yes, transloading facilities for a variety of products (agri, lumber, food, manufactured) are available on-site or nearby. Q. Is there a Container Yard available? Yes, with storage capacity for approximately 250 containers on-site. Q. Is this a bonded facility? Yes, it is bonded under the authority of U.S. Customs and Border Patrol. FIRMS code: H913 Q. Will there be a chassis pool available? Yes, the facility will be part of the Chicago & Ohio Valley Consolidated pool (COCP). Q. How will operations be handled prior to launch date? CN can handle shipments directly to the door in Indianapolis via its ramp in Chicago.

14 FAQ (cont.) Q. How does the train schedule work? Trains from the West Coast run to Chicago, then south to Newton, Ill., from where INRD moves directly to Indianapolis. Estimated 8 days transit time from West Coast. Service is 3x per week with Mon/Wed/Friday-morning availability (subject to schedule change), ramping up to daily as volumes warrant. Q. Are reefer plugs available? Not available upon start-up. Q. Who is the M&R facility / vendors? ContainerPort Group manages M&R. Q. Who is the terminal operator? ContainerPort Group managse terminal operations per contract with INRD. Q. When can I start shipping? The terminal began operations July 1, Q. Who provides pricing? Pricing is done on a through-basis by CN. Customers receive only 1 line-haul freight bill from CN using a routing of CN- direct. Chargeable services at Indianapolis are billed by CN using pricing as per CN 9100 Tariff.

In Summary  We are creating a new kind of partnership for the customer  Listening to customer + entrepreneurial spirit = results  Fast ocean transit  Fluid port connection  Consistent, reliable train service  All-rail intermodal service designed specifically for Indianapolis  We need your support! 15