Press Release: Canadian Pacific Limited
September 17, 2001
CALGARY, AB -- Canadian Pacific Limited ("CPL") confirmed that it has issued formal notice of redemption
to its holders of Medium Term Notes, Series 1, 2 and 3 (the "MTNs"). All three series of MTNs will be
redeemed on September 26, 2001 in accordance with their terms. Accordingly, holders of Series 1, 5.85% MTNs due
March 30, 2009 will receive the principal amount of such MTNs, plus all interest accrued and unpaid to but excluding
September 26, 2001 plus $37.85 per $1,000 of principal. Holders of Series 2, 6.65% MTNs due June 1, 2005 will receive
the principal amount of such MTNs, plus all interest accrued and unpaid to but excluding September 26, 2001 plus
$68.49 per $1,000 of principal. Holders of Series 3, 6.90% MTNs due September 5, 2007 will receive the principal
amount of such MTNs, plus all interest accrued and unpaid to but excluding September 26, 2001 plus $91.13 per $1,000
of principal.
These redemption amounts were calculated in accordance with the trust indenture as follows:
Government of Canada Yield as at September 13, 2001 Spread ----------------------------------------------------------------------- Series 1 5.084 15 basis points Series 2 4.463 14 basis points Series 3 4.862 24 basis points
Further information regarding the reorganization can be found in the Arrangement Circular at CPL's website www.cp.ca.
Calgary-based CPL is a diversified operating company active in energy, transportation and hotels. The Canadian
Pacific group of companies includes PanCanadian, Fording, Canadian Pacific Railway, CP Ships and Fairmont Hotels
& Resorts. The Common Shares of CPL are listed on the Toronto and New York stock exchanges. CPL's Preferred
Shares are listed on The Toronto Stock Exchange.
Note: This new release contains forward-looking information. Actual results may differ materially and proposed
plans of action could change. The risks, uncertainties and other factors that could influence actual results are
described in CPL's Arrangement Circular.
SOURCE: Canadian Pacific Limited