CHICAGO, Dec. 13, 2012 /PRNewswire/ – CN (TSX: CNR) (NYSE: CNI)
announced today it has reached a voluntary mitigation agreement (VMA)
with the Village of Bartlett, Ill., located approximately 35 miles
northwest of downtown Chicago, in connection with CN’s Jan. 31, 2009,
acquisition of the major portion of the Elgin, Joliet and Eastern
Railway Company (EJ&E).

CN will provide Bartlett with funding for noise mitigation and emergency
training and will monitor switching activity in conjunction with
another railroad to minimize extended blockages of West Bartlett Road.

Jim Vena, CN senior vice-president, Southern Region, said: “CN is
pleased to have come to terms with the Village of Bartlett on this
mitigation agreement, which is the 28^th VMA signed by CN with communities on the EJ&E line. Agreements such as
these build ties with the communities through which we operate on the
EJ&E.”

CN reached its first VMA in August 2008, and has continued working with
communities along the EJ&E to reach these voluntary agreements to
provide environmental mitigation tailored to each community’s needs. To
date, 28 of the 33 communities directly affected by the EJ&E
transaction have signed VMAs with CN.

Integration of the CN and EJ&E networks is well underway. For more
information on the acquisition, including a map of the areas served by
CN, please visit the Company’s website at www.cn.ca.

Forward-Looking Statements
Certain information included in this news release constitutes
“forward-looking statements” within the meaning of the United States
Private Securities Litigation Reform Act of 1995 and under Canadian
securities laws, including statements as to the expected completion of
the integration of the CN and EJ&E networks. CN cautions that, by their
nature, these forward-looking statements involve risks, uncertainties
and assumptions. The Company cautions that its assumptions may not
materialize and that current economic conditions render such
assumptions, although reasonable at the time they were made, subject to
greater uncertainty. Such forward-looking statements are not guarantees
of future performance and involve known and unknown risks,
uncertainties and other factors which may cause the actual results of
performance of the Company or the rail industry to be materially
different from the outlook or any future results or performance implied
by such statements. Important factors that could affect the above
forward-looking statements include, but are not limited to, the effects
of general economic and business conditions, industry competition,
inflation, currency and interest rate fluctuations, changes in fuel
prices, legislative and/or regulatory developments, compliance with
environmental laws and regulations, actions by regulators, various
events which could disrupt operations, including natural events such as
severe weather, droughts, floods and earthquakes, labor negotiations
and disruptions, environmental claims, uncertainties of investigations,
proceedings or other types of claims and litigation, risks and
liabilities arising from derailments, and other risks detailed from
time to time in reports filed by CN with securities regulators in
Canada and the United States. Reference should be made to “Management’s
Discussion and Analysis” in CN’s annual and interim reports, Annual
Information Form and Form 40-F filed with Canadian and U.S. securities
regulators, available on CN’s website, for a summary of major risks.

CN assumes no obligation to update or revise forward-looking statements
to reflect future events, changes in circumstances, or changes in
beliefs, unless required by applicable Canadian securities laws. In the
event CN does update any forward-looking statement, no inference should
be made that CN will make additional updates with respect to that
statement, related matters, or any other forward-looking statement.

CN – Canadian National Railway Company and its operating railway
subsidiaries – spans Canada and mid-America, from the Atlantic and
Pacific oceans to the Gulf of Mexico, serving the ports of Vancouver,
Prince Rupert, B.C., Montreal, Halifax, New Orleans, and Mobile, Ala.,
and the key metropolitan areas of Toronto, Buffalo, Chicago, Detroit,
Duluth, Minn./Superior, Wis., Green Bay, Wis., Minneapolis/St. Paul,
Memphis, and Jackson, Miss., with connections to all points in North
America. For more information on CN, visit the company’s website at www.cn.ca.

SOURCE CN