Investor Group Reinforces Commitment to Safety at Norfolk Southern and Reiterates the Facts Regarding the Poor Record of CEO Alan Shaw - Seite 2

While Mr. Shaw is allowed to continue wasting money on self-serving lobbying and public relations strategies, rather than allocating that stream of funds to safety initiatives, we are going to focus on facts that include:

• Our slate’s Scheduled Network strategy would position the Company to enhance safety and reduce risks by shrinking the number of trains on the track and reducing dangerous workloads that can lead to exhaustion-driven mistakes.

• Our slate’s top priority is safety because Norfolk Southern cannot deliver sustained value for any stakeholder without first establishing a safety-first culture – Company billboards and photo ops do not translate to a real safety-first culture.

• Our slate is publicly committing to releasing a 100-day transition plan and detailed strategy overview after it is able to begin soliciting support for proposals at the 2024 Annual Meeting.

• Mr. Shaw has had more than 30 years to help establish a safety-first culture at Norfolk Southern, but stakeholders continue to have legitimate concerns about the lapses that are still occurring.

• Mr. Shaw has never held a senior role in operations, which is typically where safety protocols are established and enforced.

• The employees and partners of Ancora, which is an Ohio-based asset manager that serves the needs of individuals, families, pension funds and other institutions, have loved ones and family who have been directly impacted by the tragedy in East Palestine, Ohio – meaning this campaign is about much more than financial returns to Ancora.”

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About Ancora

Founded in 2003, Ancora Holdings Group, LLC offers integrated investment advisory, wealth management, retirement plan services and insurance solutions to individuals and institutions across the United States. The firm is a long-term supporter of union labor and has a history of working with union groups and public pension plans to deliver long-term value. Ancora’s comprehensive service offering is complemented by a dedicated team that has the breadth of expertise and operational structure of a global institution, with the responsiveness and flexibility of a boutique firm. For more information about Ancora, please visit https://ancora.net.