CN Wins Dow Chemical Company's Safety Agreement Award.

Business Editors

MONTREAL--(BUSINESS WIRE)--May 8, 2002

Canadian National (NYSE:CNI) (TSE:CNR) today announced that it has won The Dow Chemical Company's Safety Agreement Award for 2001. This is the second time CN has received the prestigious award.

The award recognizes CN for meeting the Safety Agreement criteria, and for continuous improvements in handling and transporting Dow Chemical's tank cars, hopper cars and products. The criteria target reduced railroad-caused incidents, such as derailments.

"Safety plays a crucial role at Dow Chemical," says Bill Huff, director - global rail operations, Dow Chemical. "In recent years, CN and Dow have worked hard at forging a strong partnership that has enabled both companies to improve the safety of their respective operations. Dow's Safety Agreement Award recognizes the day-to-day efforts of CN's employees, in both marketing and operations, and highlights the excellent overall safety results achieved by CN."

Jim Foote, CN's executive vice-president, sales and marketing, said CN's safety performance in transporting Dow's products results from the excellent partnership and exchange of information between CN and Dow Chemical. "We are working closely with Dow Chemical to improve our safety performance. Assessments of our safety practices are conducted on a regular basis by Dow Chemical to ensure that we are constantly meeting its stringent safety requirements. CN has also recognized Dow's efforts to safely handle dangerous goods by awarding the company CN's Safe Handling Award."

CN will contribute the US$100,000 it received from Dow Chemical in conjunction with its award to fund CN Safety Scholarships, first established in 1999. These scholarships are presented every year to children of CN's employees and pensioners.

In 2001, CN carried more than 41,500 carloads for Dow Chemical - a major producer of chemical products with headquarters in Midland, Michigan.

Canadian National Railway Company 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 cities of Toronto, Buffalo, Chicago, Detroit, Duluth, Minn., Superior, Wis., Green Bay, Wis., Minneapolis/St. Paul, Memphis, St. Louis, Jackson, Miss., with connections to all points in North America.

www.cn.ca