Canadian Pacific completes common share offering



    CALGARY, Feb. 11 /CNW/ - Canadian Pacific Railway Limited (TSX/NYSE:  CP)
announced it has completed its common equity offering of 13.9 million shares
at $36.75 per share for total gross proceeds of $510.8 million, which includes
the exercise in full of the underwriters over allotment option for 1.3 million
shares.

    Canadian Pacific, through the ingenuity of its employees located across
Canada and in the United States, remains committed to being the safest, most
fluid railway in North America. Our people are the key to delivering
innovative transportation solutions to our customers and to ensuring the safe
operation of our trains through the more than 900 communities where we
operate. Come and visit us at www.cpr.ca to see how we can put our ingenuity
to work for you. Canadian Pacific is proud to be the official rail freight
services provider for the Vancouver 2010 Olympic and Paralympic Winter Games.





For further information:

For further information: Media, Leslie Pidcock, Tel.: (403) 319-6878,
email: leslie_pidcock@cpr.ca; Investment Community: Janet Weiss, Assistant
Vice-President, Investor Relations, Tel.: (403) 319-3591, email:
investor@cpr.ca


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