On January 26, 2024, Norfolk Southern Corporation (the registrant) entered into (i) an amended and restated credit agreement (the New Revolving Credit Agreement) and (ii) a Term Loan Credit Agreement (the Term Loan Credit Agreement and, together with the New Revolving Credit Agreement, the Credit Agreements). The New Revolving Credit Agreement establishes a 5-year, $800 million, unsecured revolving credit facility under which the Registrant can borrow (i) to refinance the Existing Revolving Credit Agreement (as defined below), (ii) to pay fees, commissions and expenses in connection with the New Revolving Credit Agreement and (iii) for general corporate purposes. The New Revolving Credit Agreement includes a sub-facility for swingline loans in an aggregate amount of up to $100 million.

The other parties to the New Revolving Credit Agreement are Wells Fargo Bank, N.A., as Administrative Agent, as Swingline Lender and as a Lender (each as defined in the New Revolving Credit Agreement); Bank of America, N.A. and Citibank, N.A., each as a Syndication Agent and as a Lender (each as defined in the New Revolving Credit Agreement); and Goldman Sachs Bank USA, Morgan Stanley Bank, N.A., U.S. Bank National Association, PNC Bank, National Association, Sumitomo Mitsui Banking Corporation, Capital One, National Association and The Northern Trust Company, as Lenders (as defined in the New Revolving Credit Agreement) that are signatories to the New Revolving Credit Agreement, as well as other parties that may become Lenders (as defined in the New Revolving Credit Agreement) from time to time under the New Revolving Credit Agreement?s provisions. The New Revolving Credit Agreement amends and restates the Registrant?s existing $800 million revolving credit facility, dated as of March 27, 2020.