NORFOLK SOUTHERN CORP

Ticker: NSC CUSIP: 655844108 Class: COM

TCI Fund Management Ltd's Holding History (CIK: 0001647251)

Note: Option positions (PUT/CALL) are excluded.

Q3 2018

Shares 3,753,454 Value ($000) $677,498 Avg Close $147.16 Range $128.72 - $161.27

Q2 2018

Shares 2,528,088 Value ($000) $381,413 Avg Close $125.28 Range $109.19 - $136.18

Q1 2018

Shares 593,500 Value ($000) $80,585 Avg Close $122.67 Range $112.62 - $133.63

Q4 2017

Shares 593,500 Value ($000) $85,998 Avg Close $113.99 Range $106.48 - $124.43

Q3 2017

Shares 508,500 Value ($000) $67,244 Avg Close $102.71 Range $93.81 - $113.26

Q2 2017

Shares 283,000 Value ($000) $34,441 Avg Close $98.76 Range $93.02 - $105.49

Period	Shares	Value ($000)	Average Close	Price Range
Q3 2018	3,753,454	$677,498	$147.16	$128.72 - $161.27
Q2 2018	2,528,088	$381,413	$125.28	$109.19 - $136.18
Q1 2018	593,500	$80,585	$122.67	$112.62 - $133.63
Q4 2017	593,500	$85,998	$113.99	$106.48 - $124.43
Q3 2017	508,500	$67,244	$102.71	$93.81 - $113.26
Q2 2017	283,000	$34,441	$98.76	$93.02 - $105.49