EXHIBIT 99.1
The table below specifies the date of the transaction, number of shares, weighted-average price per share and range of price per share of the common shares of Canadian National Railway Company (the “Issuer”) sold by each of Cascade Investment, L.L.C. (“Cascade”) and Bill & Melinda Gates Foundation Trust (the “Trust”) during the past sixty days. The Issuer’s common shares are listed on the New York Stock Exchange, priced in U.S. dollars (“USD”), and on the Toronto Stock Exchange, priced in Canadian dollars (“CAD”). All transactions were effected in the market through brokers. Each of Cascade and the Trust undertakes to provide to the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in the table below.
Number of Shares Sold | Range of Price per Share | ||||||||||||||||||||
Date of Transaction | Cascade | Trust | Weighted Average Price per Share | Low | High | ||||||||||||||||
April 27, 2022 | 746,207 | 141,869 | USD | 121.2277 | USD | 120.5005 | USD | 121.5000 | |||||||||||||
April 27, 2022 | 32,858 | 6,247 | USD | 121.7848 | USD | 121.5049 | USD | 121.9750 | |||||||||||||
April 28, 2022 | 18,929 | 3,599 | USD | 120.7099 | USD | 119.9465 | USD | 120.9400 | |||||||||||||
April 28, 2022 | 323,985 | 61,596 | USD | 121.3098 | USD | 120.9489 | USD | 121.7000 | |||||||||||||
April 28, 2022 | 150,861 | 28,681 | CAD | 155.4515 | CAD | 154.7000 | CAD | 155.6800 | |||||||||||||
April 28, 2022 | 4,621 | 879 | CAD | 155.7311 | CAD | 155.7000 | CAD | 155.8300 | |||||||||||||
April 29, 2022 | 5,325 | 1,012 | USD | 118.2413 | USD | 117.7200 | USD | 118.7100 | |||||||||||||
April 29, 2022 | 10,232 | 1,945 | USD | 119.1924 | USD | 118.7200 | USD | 119.6800 | |||||||||||||
April 29, 2022 | 672 | 128 | USD | 119.8350 | USD | 119.7400 | USD | 119.9600 | |||||||||||||
April 29, 2022 | 48,159 | 9,156 | USD | 121.1794 | USD | 121.0300 | USD | 121.5400 | |||||||||||||
April 29, 2022 | 89,808 | 17,074 | CAD | 151.2143 | CAD | 151.0300 | CAD | 152.0200 | |||||||||||||
April 29, 2022 | 136,677 | 25,986 | CAD | 152.5530 | CAD | 152.0300 | CAD | 153.0282 | |||||||||||||
April 29, 2022 | 65,367 | 12,428 | CAD | 153.3599 | CAD | 153.0300 | CAD | 154.0200 | |||||||||||||
April 29, 2022 | 9,528 | 1,811 | CAD | 154.2496 | CAD | 154.0300 | CAD | 154.6200 | |||||||||||||
May 2, 2022 | 140,497 | 26,711 | CAD | 150.7920 | CAD | 150.1100 | CAD | 151.1018 | |||||||||||||
May 2, 2022 | 360,067 | 68,455 | CAD | 151.5149 | CAD | 151.1100 | CAD | 152.0500 | |||||||||||||
May 2, 2022 | 1,596 | 304 | CAD | 152.2907 | CAD | 152.1377 | CAD | 152.5000 | |||||||||||||
May 3, 2022 | 299,341 | 56,911 | CAD | 151.8278 | CAD | 151.2000 | CAD | 152.1974 | |||||||||||||
May 3, 2022 | 278,508 | 52,950 | CAD | 152.5542 | CAD | 152.2000 | CAD | 153.1000 | |||||||||||||
May 4, 2022 | 4,338 | 825 | CAD | 152.6536 | CAD | 151.9700 | CAD | 152.9600 | |||||||||||||
May 4, 2022 | 100,995 | 19,201 | CAD | 153.6396 | CAD | 152.9777 | �� | CAD | 153.9617 | ||||||||||||
May 4, 2022 | 287,001 | 54,565 | CAD | 154.3798 | CAD | 153.9800 | CAD | 154.9696 | |||||||||||||
May 4, 2022 | 367,214 | 69,814 | CAD | 155.4588 | CAD | 154.9700 | CAD | 155.9697 | |||||||||||||
May 4, 2022 | 245,723 | 46,717 | CAD | 156.2451 | CAD | 155.9700 | CAD | 156.3762 | |||||||||||||
May 5, 2022 | 128,450 | 24,421 | CAD | 152.0212 | CAD | 151.6826 | CAD | 152.6800 | |||||||||||||
May 5, 2022 | 44,200 | 8,404 | CAD | 153.3387 | CAD | 152.6900 | CAD | 153.6800 | |||||||||||||
May 5, 2022 | 81,534 | 15,501 | CAD | 154.2776 | CAD | 153.6900 | CAD | 154.6808 | |||||||||||||
May 5, 2022 | 31,765 | 6,039 | CAD | 155.2266 | CAD | 154.6888 | CAD | 155.6700 | |||||||||||||
May 5, 2022 | 22,687 | 4,313 | CAD | 156.4799 | CAD | 155.7200 | CAD | 156.6500 | |||||||||||||
May 6, 2022 | 321,988 | 61,217 | CAD | 149.6143 | CAD | 149.0200 | CAD | 150.0194 | |||||||||||||
May 6, 2022 | 785,583 | 149,355 | CAD | 150.5653 | CAD | 150.0200 | CAD | 151.0187 | |||||||||||||
May 6, 2022 | 57,467 | 10,925 | CAD | 151.2194 | CAD | 151.0200 | CAD | 152.0000 | |||||||||||||
May 6, 2022 | 168 | 32 | CAD | 152.0933 | CAD | 152.0933 | CAD | 152.0933 | |||||||||||||
May 9, 2022 | 103,269 | 19,634 | CAD | 144.2467 | CAD | 143.8531 | CAD | 144.8530 | |||||||||||||
May 9, 2022 | 112,540 | 21,396 | CAD | 145.3435 | CAD | 144.8600 | CAD | 145.8523 | |||||||||||||
May 9, 2022 | 76,265 | 14,499 | CAD | 146.1747 | CAD | 145.8600 | CAD | 146.8500 | |||||||||||||
May 9, 2022 | 123,800 | 23,537 | CAD | 147.2710 | CAD | 146.8562 | CAD | 147.8500 | |||||||||||||
May 9, 2022 | 93,282 | 17,735 | CAD | 148.2511 | CAD | 147.8600 | CAD | 148.8518 | |||||||||||||
May 9, 2022 | 8,907 | 1,693 | CAD | 148.9695 | CAD | 148.9300 | CAD | 149.1000 | |||||||||||||
May 10, 2022 | 324,588 | 61,711 | CAD | 142.9994 | CAD | 142.4329 | CAD | 143.4300 | |||||||||||||
May 10, 2022 | 339,408 | 64,529 | CAD | 143.8997 | CAD | 143.4399 | CAD | 144.4300 | |||||||||||||
May 10, 2022 | 96,303 | 18,309 | CAD | 144.5497 | CAD | 144.4400 | CAD | 145.4300 | |||||||||||||
May 10, 2022 | 2,101 | 399 | CAD | 145.8753 | CAD | 145.4600 | CAD | 146.3900 | |||||||||||||
May 10, 2022 | 252 | 48 | CAD | 146.6067 | CAD | 146.5000 | CAD | 146.7000 | |||||||||||||
May 11, 2022 | 62,263 | 11,837 | CAD | 143.7351 | CAD | 143.0300 | CAD | 144.0285 | |||||||||||||
May 11, 2022 | 461,826 | 87,802 | CAD | 144.5114 | CAD | 144.0321 | CAD | 145.0248 | |||||||||||||
May 11, 2022 | 179,780 | 34,263 | CAD | 145.5445 | CAD | 145.0300 | CAD | 146.0203 | |||||||||||||
May 11, 2022 | 96,511 | 18,349 | CAD | 146.2640 | CAD | 146.0300 | CAD | 147.0100 | |||||||||||||
May 11, 2022 | 84 | 16 | CAD | 147.0500 | CAD | 147.0500 | CAD | 147.0500 | |||||||||||||
May 12, 2022 | 191,155 | 36,431 | CAD | 144.5488 | CAD | 143.8600 | CAD | 144.8598 | |||||||||||||
May 12, 2022 | 483,459 | 92,141 | CAD | 145.2681 | CAD | 144.8600 | CAD | 145.8531 | |||||||||||||
May 12, 2022 | 100,188 | 19,094 | CAD | 145.9064 | CAD | 145.8600 | CAD | 146.0700 |