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Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
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<SEC-DOCUMENT>0001104659-08-022675.txt : 20080404
<SEC-HEADER>0001104659-08-022675.hdr.sgml : 20080404
<ACCEPTANCE-DATETIME>20080404172920
ACCESSION NUMBER:		0001104659-08-022675
CONFORMED SUBMISSION TYPE:	DFAN14A
PUBLIC DOCUMENT COUNT:		2
FILED AS OF DATE:		20080404
DATE AS OF CHANGE:		20080404
EFFECTIVENESS DATE:		20080404

SUBJECT COMPANY:	

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			CSX CORP
		CENTRAL INDEX KEY:			0000277948
		STANDARD INDUSTRIAL CLASSIFICATION:	RAILROADS, LINE-HAUL OPERATING [4011]
		IRS NUMBER:				621051971
		STATE OF INCORPORATION:			VA
		FISCAL YEAR END:			1226

	FILING VALUES:
		FORM TYPE:		DFAN14A
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-08022
		FILM NUMBER:		08741403

	BUSINESS ADDRESS:	
		STREET 1:		500 WATER STREET
		STREET 2:		15TH FLOOR
		CITY:			JACKSONVILLE
		STATE:			FL
		ZIP:			32202
		BUSINESS PHONE:		9043593200

	MAIL ADDRESS:	
		STREET 1:		500 WATER STREET
		STREET 2:		15TH FLOOR
		CITY:			JACKSONVILLE
		STATE:			FL
		ZIP:			32202

FILED BY:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Childrens Investment Fund Management (UK) LLP
		CENTRAL INDEX KEY:			0001362598
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			X0
		FISCAL YEAR END:			0831

	FILING VALUES:
		FORM TYPE:		DFAN14A

	BUSINESS ADDRESS:	
		STREET 1:		7 CLIFFORD STREET
		CITY:			LONDON
		STATE:			X0
		ZIP:			W1S 2WE
		BUSINESS PHONE:		44 207 440 2388

	MAIL ADDRESS:	
		STREET 1:		7 CLIFFORD STREET
		CITY:			LONDON
		STATE:			X0
		ZIP:			W1S 2WE
</SEC-HEADER>
<DOCUMENT>
<TYPE>DFAN14A
<SEQUENCE>1
<FILENAME>a08-8514_3dfan14a.htm
<DESCRIPTION>DFAN14A
<TEXT>

<html>

<head>





</head>

<body lang="EN-US">

<div style="font-family:Times New Roman;">

<table border="0" cellspacing="0" cellpadding="0" width="100%" style="border-collapse:collapse;width:100.0%;">
 <tr style="page-break-inside:avoid;">
  <td width="100%" colspan="4" valign="top" style="padding:0in .7pt 0in .7pt;width:100.0%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;text-autospace:none;"><b><font size="3" face="Times New Roman" style="font-size:12.0pt;font-weight:bold;">UNITED
  STATES</font></b></p>
  </td>
 </tr>
 <tr style="page-break-inside:avoid;">
  <td width="100%" colspan="4" valign="top" style="padding:0in .7pt 0in .7pt;width:100.0%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;text-autospace:none;"><b><font size="3" face="Times New Roman" style="font-size:12.0pt;font-weight:bold;">SECURITIES AND EXCHANGE COMMISSION</font></b></p>
  </td>
 </tr>
 <tr style="page-break-inside:avoid;">
  <td width="100%" colspan="4" valign="top" style="padding:0in .7pt 0in .7pt;width:100.0%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;text-autospace:none;"><b><font size="3" face="Times New Roman" style="font-size:12.0pt;font-weight:bold;">Washington, D.C. 20549</font></b></p>
  </td>
 </tr>
 <tr style="page-break-inside:avoid;">
  <td width="100%" colspan="4" valign="top" style="padding:0in .7pt 0in .7pt;width:100.0%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;text-autospace:none;"><b><font size="3" face="Times New Roman" style="font-size:12.0pt;font-weight:bold;">&nbsp;</font></b></p>
  </td>
 </tr>
 <tr style="page-break-inside:avoid;">
  <td width="100%" colspan="4" valign="top" style="padding:0in .7pt 0in .7pt;width:100.0%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;text-autospace:none;"><b><font size="4" face="Times New Roman" style="font-size:14.0pt;font-weight:bold;">SCHEDULE 14A</font></b></p>
  </td>
 </tr>
 <tr style="page-break-inside:avoid;">
  <td width="100%" colspan="4" valign="top" style="padding:0in .7pt 0in .7pt;width:100.0%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;text-autospace:none;"><font size="3" face="Times New Roman" style="font-size:12.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr style="page-break-inside:avoid;">
  <td width="100%" colspan="4" valign="top" style="padding:0in .7pt 0in .7pt;width:100.0%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;text-autospace:none;"><font size="3" face="Times New Roman" style="font-size:12.0pt;">Proxy
  Statement Pursuant to Section 14(a) of<br>
  the Securities Exchange Act of 1934 (Amendment No. &nbsp;&nbsp;&nbsp;&nbsp;)</font></p>
  </td>
 </tr>
 <tr style="page-break-inside:avoid;">
  <td width="100%" colspan="4" valign="top" style="padding:0in .7pt 0in .7pt;width:100.0%;">
  <p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="3" face="Times New Roman" style="font-size:12.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr style="page-break-inside:avoid;">
  <td width="100%" colspan="4" valign="top" style="padding:0in .7pt 0in .7pt;width:100.0%;">
  <p style="font-size:12.0pt;margin:0in 0in .0001pt;text-autospace:none;"><font size="3" face="Times New Roman" style="font-size:12.0pt;">Filed by the Registrant&nbsp;&nbsp;</font><font face="Wingdings">o</font></p>
  </td>
 </tr>
 <tr style="page-break-inside:avoid;">
  <td width="100%" colspan="4" valign="top" style="padding:0in .7pt 0in .7pt;width:100.0%;">
  <p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="3" face="Times New Roman" style="font-size:12.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr style="page-break-inside:avoid;">
  <td width="100%" colspan="4" valign="top" style="padding:0in .7pt 0in .7pt;width:100.0%;">
  <p style="font-size:12.0pt;margin:0in 0in .0001pt;text-autospace:none;"><font size="3" face="Times New Roman" style="font-size:12.0pt;">Filed by a Party other than the
  Registrant</font>&nbsp;&nbsp;<font face="Wingdings">x</font></p>
  </td>
 </tr>
 <tr style="page-break-inside:avoid;">
  <td width="100%" colspan="4" valign="top" style="padding:0in .7pt 0in .7pt;width:100.0%;">
  <p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="3" face="Times New Roman" style="font-size:12.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr style="page-break-inside:avoid;">
  <td width="100%" colspan="4" valign="top" style="padding:0in .7pt 0in .7pt;width:100.0%;">
  <p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="3" face="Times New Roman" style="font-size:12.0pt;">Check the appropriate box:</font></p>
  </td>
 </tr>
 <tr style="page-break-inside:avoid;">
  <td width="5%" valign="top" style="padding:0in .7pt 0in .7pt;width:5.04%;">
  <p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="3" face="Wingdings" style="font-size:12.0pt;">o</font></p>
  </td>
  <td width="94%" colspan="3" valign="top" style="padding:0in .7pt 0in .7pt;width:94.96%;">
  <p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="3" face="Times New Roman" style="font-size:12.0pt;">Preliminary Proxy Statement</font></p>
  </td>
 </tr>
 <tr style="page-break-inside:avoid;">
  <td width="5%" valign="top" style="padding:0in .7pt 0in .7pt;width:5.04%;">
  <p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="3" face="Wingdings" style="font-size:12.0pt;">o</font></p>
  </td>
  <td width="94%" colspan="3" valign="top" style="padding:0in .7pt 0in .7pt;width:94.96%;">
  <p style="margin:0in 0in .0001pt;text-autospace:none;"><b><font size="3" face="Times New Roman" style="font-size:12.0pt;font-weight:bold;">Confidential, for
  Use of the Commission Only (as permitted by Rule 14a-6(e)(2))</font></b></p>
  </td>
 </tr>
 <tr style="page-break-inside:avoid;">
  <td width="5%" valign="top" style="padding:0in .7pt 0in .7pt;width:5.04%;">
  <p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="3" face="Wingdings" style="font-size:12.0pt;">o</font></p>
  </td>
  <td width="94%" colspan="3" valign="top" style="padding:0in .7pt 0in .7pt;width:94.96%;">
  <p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="3" face="Times New Roman" style="font-size:12.0pt;">Definitive Proxy Statement</font></p>
  </td>
 </tr>
 <tr style="page-break-inside:avoid;">
  <td width="5%" valign="top" style="padding:0in .7pt 0in .7pt;width:5.04%;">
  <p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="3" face="Wingdings" style="font-size:12.0pt;">o</font></p>
  </td>
  <td width="94%" colspan="3" valign="top" style="padding:0in .7pt 0in .7pt;width:94.96%;">
  <p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="3" face="Times New Roman" style="font-size:12.0pt;">Definitive Additional Materials</font></p>
  </td>
 </tr>
 <tr style="page-break-inside:avoid;">
  <td width="5%" valign="top" style="padding:0in .7pt 0in .7pt;width:5.04%;">
  <p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="3" face="Wingdings" style="font-size:12.0pt;">x</font></p>
  </td>
  <td width="94%" colspan="3" valign="top" style="padding:0in .7pt 0in .7pt;width:94.96%;">
  <p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="3" face="Times New Roman" style="font-size:12.0pt;">Soliciting Material Pursuant to
  &#167;240.14a-12</font></p>
  </td>
 </tr>
 <tr style="page-break-inside:avoid;">
  <td width="100%" colspan="4" valign="top" style="padding:0in .7pt 0in .7pt;width:100.0%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;text-autospace:none;"><font size="3" face="Times New Roman" style="font-size:12.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr style="page-break-inside:avoid;">
  <td width="100%" colspan="4" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in .7pt 0in .7pt;width:100.0%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;text-autospace:none;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">CSX Corporation</font></b></p>
  </td>
 </tr>
 <tr style="page-break-inside:avoid;">
  <td width="100%" colspan="4" valign="top" style="border:none;padding:0in .7pt 0in .7pt;width:100.0%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;text-autospace:none;"><font size="3" face="Times New Roman" style="font-size:12.0pt;">(Name
  of Registrant as Specified In Its Charter)</font></p>
  </td>
 </tr>
 <tr style="page-break-inside:avoid;">
  <td width="100%" colspan="4" valign="top" style="padding:0in .7pt 0in .7pt;width:100.0%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;text-autospace:none;"><font size="3" face="Times New Roman" style="font-size:12.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr style="page-break-inside:avoid;">
  <td width="100%" colspan="4" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in .7pt 0in .7pt;width:100.0%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;text-autospace:none;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">The Children&#146;s
  Investment Fund Management (UK) LLP</font></b><font size="2" style="font-size:10.0pt;"><br>
  <b>The Children&#146;s Investment Fund Management
  (Cayman) Ltd.</b><br>
  <b>The Children&#146;s Investment Master Fund</b><br>
  <b>3G Capital Partners Ltd.</b><br>
  <b>3G Capital Partners, L.P.</b><br>
  <b>3G Fund L.P.</b><br>
  <b>Christopher Hohn</b><br>
  <b>Alexandre Behring</b><br>
  <b>Gilbert H. Lamphere</b><br>
  <b>Timothy T. O&#146;Toole</b><br>
  <b>Gary L. Wilson</b></font></p>
  </td>
 </tr>
 <tr style="page-break-inside:avoid;">
  <td width="100%" colspan="4" valign="top" style="border:none;padding:0in .7pt 0in .7pt;width:100.0%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;text-autospace:none;"><font size="3" face="Times New Roman" style="font-size:12.0pt;">(Name
  of Person(s) Filing Proxy Statement, if other than the Registrant)</font></p>
  </td>
 </tr>
 <tr style="page-break-inside:avoid;">
  <td width="100%" colspan="4" valign="top" style="padding:0in .7pt 0in .7pt;width:100.0%;">
  <p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="3" face="Times New Roman" style="font-size:12.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr style="page-break-inside:avoid;">
  <td width="100%" colspan="4" valign="top" style="padding:0in .7pt 0in .7pt;width:100.0%;">
  <p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="3" face="Times New Roman" style="font-size:12.0pt;">Payment of Filing Fee (Check the
  appropriate box):</font></p>
  </td>
 </tr>
 <tr style="page-break-inside:avoid;">
  <td width="5%" valign="top" style="padding:0in .7pt 0in .7pt;width:5.04%;">
  <p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="3" face="Wingdings" style="font-size:12.0pt;">x</font></p>
  </td>
  <td width="94%" colspan="3" valign="top" style="padding:0in .7pt 0in .7pt;width:94.96%;">
  <p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="3" face="Times New Roman" style="font-size:12.0pt;">No fee required.</font></p>
  </td>
 </tr>
 <tr style="page-break-inside:avoid;">
  <td width="5%" valign="top" style="padding:0in .7pt 0in .7pt;width:5.04%;">
  <p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="3" face="Wingdings" style="font-size:12.0pt;">o</font></p>
  </td>
  <td width="94%" colspan="3" valign="top" style="padding:0in .7pt 0in .7pt;width:94.96%;">
  <p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="3" face="Times New Roman" style="font-size:12.0pt;">Fee computed on table below per
  Exchange Act Rules 14a-6(i)(1) and 0-11.</font></p>
  </td>
 </tr>
 <tr>
  <td width="5%" valign="top" style="padding:0in .7pt 0in .7pt;width:5.04%;">
  <p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="3" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="4%" colspan="2" valign="top" style="padding:0in .7pt 0in .7pt;width:4.66%;">
  <p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="3" face="Times New Roman" style="font-size:12.0pt;">(1)</font></p>
  </td>
  <td width="90%" valign="top" style="padding:0in .7pt 0in .7pt;width:90.3%;">
  <p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="3" face="Times New Roman" style="font-size:12.0pt;">Title of each class of securities to
  which transaction applies:</font></p>
  </td>
 </tr>
 <tr>
  <td width="5%" valign="top" style="padding:0in .7pt 0in .7pt;width:5.04%;">
  <p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="3" face="Times New Roman" style="font-size:12.0pt;">&nbsp;</font></p>
  </td>
  <td width="4%" colspan="2" valign="top" style="padding:0in .7pt 0in .7pt;width:4.66%;">
  <p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="3" face="Times New Roman" style="font-size:12.0pt;">&nbsp;</font></p>
  </td>
  <td width="90%" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in .7pt 0in .7pt;width:90.3%;">
  <p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="3" face="Times New Roman" style="font-size:12.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="5%" valign="top" style="padding:0in .7pt 0in .7pt;width:5.04%;">
  <p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="3" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="4%" colspan="2" valign="top" style="padding:0in .7pt 0in .7pt;width:4.66%;">
  <p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="3" face="Times New Roman" style="font-size:12.0pt;">(2)</font></p>
  </td>
  <td width="90%" valign="top" style="border:none;padding:0in .7pt 0in .7pt;width:90.3%;">
  <p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="3" face="Times New Roman" style="font-size:12.0pt;">Aggregate number of securities to
  which transaction applies:</font></p>
  </td>
 </tr>
 <tr>
  <td width="5%" valign="top" style="padding:0in .7pt 0in .7pt;width:5.04%;">
  <p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="3" face="Times New Roman" style="font-size:12.0pt;">&nbsp;</font></p>
  </td>
  <td width="4%" colspan="2" valign="top" style="padding:0in .7pt 0in .7pt;width:4.66%;">
  <p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="3" face="Times New Roman" style="font-size:12.0pt;">&nbsp;</font></p>
  </td>
  <td width="90%" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in .7pt 0in .7pt;width:90.3%;">
  <p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="3" face="Times New Roman" style="font-size:12.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr style="page-break-inside:avoid;">
  <td width="5%" valign="top" style="padding:0in .7pt 0in .7pt;width:5.04%;">
  <p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="3" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="4%" colspan="2" valign="top" style="padding:0in .7pt 0in .7pt;width:4.66%;">
  <p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="3" face="Times New Roman" style="font-size:12.0pt;">(3)</font></p>
  </td>
  <td width="90%" valign="top" style="border:none;padding:0in .7pt 0in .7pt;width:90.3%;">
  <p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="3" face="Times New Roman" style="font-size:12.0pt;">Per unit price or other underlying
  value of transaction computed pursuant to Exchange Act Rule 0-11 (set forth
  the amount on which the filing fee is calculated and state how it was
  determined):</font></p>
  </td>
 </tr>
 <tr>
  <td width="5%" valign="top" style="padding:0in .7pt 0in .7pt;width:5.04%;">
  <p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="3" face="Times New Roman" style="font-size:12.0pt;">&nbsp;</font></p>
  </td>
  <td width="4%" colspan="2" valign="top" style="padding:0in .7pt 0in .7pt;width:4.66%;">
  <p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="3" face="Times New Roman" style="font-size:12.0pt;">&nbsp;</font></p>
  </td>
  <td width="90%" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in .7pt 0in .7pt;width:90.3%;">
  <p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="3" face="Times New Roman" style="font-size:12.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="5%" valign="top" style="padding:0in .7pt 0in .7pt;width:5.04%;">
  <p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="3" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="4%" colspan="2" valign="top" style="padding:0in .7pt 0in .7pt;width:4.66%;">
  <p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="3" face="Times New Roman" style="font-size:12.0pt;">(4)</font></p>
  </td>
  <td width="90%" valign="top" style="border:none;padding:0in .7pt 0in .7pt;width:90.3%;">
  <p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="3" face="Times New Roman" style="font-size:12.0pt;">Proposed maximum aggregate value of
  transaction:</font></p>
  </td>
 </tr>
 <tr>
  <td width="5%" valign="top" style="padding:0in .7pt 0in .7pt;width:5.04%;">
  <p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="3" face="Times New Roman" style="font-size:12.0pt;">&nbsp;</font></p>
  </td>
  <td width="4%" colspan="2" valign="top" style="padding:0in .7pt 0in .7pt;width:4.66%;">
  <p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="3" face="Times New Roman" style="font-size:12.0pt;">&nbsp;</font></p>
  </td>
  <td width="90%" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in .7pt 0in .7pt;width:90.3%;">
  <p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="3" face="Times New Roman" style="font-size:12.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="5%" valign="top" style="padding:0in .7pt 0in .7pt;width:5.04%;">
  <p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="3" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="4%" colspan="2" valign="top" style="padding:0in .7pt 0in .7pt;width:4.66%;">
  <p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="3" face="Times New Roman" style="font-size:12.0pt;">(5)</font></p>
  </td>
  <td width="90%" valign="top" style="border:none;padding:0in .7pt 0in .7pt;width:90.3%;">
  <p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="3" face="Times New Roman" style="font-size:12.0pt;">Total fee paid:</font></p>
  </td>
 </tr>
 <tr>
  <td width="5%" valign="top" style="padding:0in .7pt 0in .7pt;width:5.04%;">
  <p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="3" face="Times New Roman" style="font-size:12.0pt;">&nbsp;</font></p>
  </td>
  <td width="4%" colspan="2" valign="top" style="padding:0in .7pt 0in .7pt;width:4.66%;">
  <p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="3" face="Times New Roman" style="font-size:12.0pt;">&nbsp;</font></p>
  </td>
  <td width="90%" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in .7pt 0in .7pt;width:90.3%;">
  <p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="3" face="Times New Roman" style="font-size:12.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr style="page-break-inside:avoid;">
  <td width="5%" valign="top" style="padding:0in .7pt 0in .7pt;width:5.04%;">
  <p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="3" face="Wingdings" style="font-size:12.0pt;">o</font></p>
  </td>
  <td width="94%" colspan="3" valign="top" style="padding:0in .7pt 0in .7pt;width:94.96%;">
  <p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="3" face="Times New Roman" style="font-size:12.0pt;">Fee paid previously with preliminary
  materials.</font></p>
  </td>
 </tr>
 <tr style="page-break-inside:avoid;">
  <td width="5%" valign="top" style="padding:0in .7pt 0in .7pt;width:5.04%;">
  <p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="3" face="Wingdings" style="font-size:12.0pt;">o</font></p>
  </td>
  <td width="94%" colspan="3" valign="top" style="padding:0in .7pt 0in .7pt;width:94.96%;">
  <p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="3" face="Times New Roman" style="font-size:12.0pt;">Check box if any part of the fee is
  offset as provided by Exchange Act Rule 0-11(a)(2) and identify the filing
  for which the offsetting fee was paid previously. Identify the previous
  filing by registration statement number, or the Form or Schedule and the date
  of its filing.</font></p>
  </td>
 </tr>
 <tr>
  <td width="5%" valign="top" style="padding:0in .7pt 0in .7pt;width:5.04%;">
  <p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="3" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="4%" valign="top" style="padding:0in .7pt 0in .7pt;width:4.36%;">
  <p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="3" face="Times New Roman" style="font-size:12.0pt;">(1)</font></p>
  </td>
  <td width="90%" colspan="2" valign="top" style="padding:0in .7pt 0in .7pt;width:90.6%;">
  <p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="3" face="Times New Roman" style="font-size:12.0pt;">Amount Previously Paid:</font></p>
  </td>
 </tr>
 <tr>
  <td width="5%" valign="top" style="padding:0in .7pt 0in .7pt;width:5.04%;">
  <p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="3" face="Times New Roman" style="font-size:12.0pt;">&nbsp;</font></p>
  </td>
  <td width="4%" valign="top" style="padding:0in .7pt 0in .7pt;width:4.36%;">
  <p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="3" face="Times New Roman" style="font-size:12.0pt;">&nbsp;</font></p>
  </td>
  <td width="90%" colspan="2" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in .7pt 0in .7pt;width:90.6%;">
  <p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="3" face="Times New Roman" style="font-size:12.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="5%" valign="top" style="padding:0in .7pt 0in .7pt;width:5.04%;">
  <p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="3" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="4%" valign="top" style="padding:0in .7pt 0in .7pt;width:4.36%;">
  <p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="3" face="Times New Roman" style="font-size:12.0pt;">(2)</font></p>
  </td>
  <td width="90%" colspan="2" valign="top" style="border:none;padding:0in .7pt 0in .7pt;width:90.6%;">
  <p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="3" face="Times New Roman" style="font-size:12.0pt;">Form, Schedule or Registration
  Statement No.:</font></p>
  </td>
 </tr>
 <tr>
  <td width="5%" valign="top" style="padding:0in .7pt 0in .7pt;width:5.04%;">
  <p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="3" face="Times New Roman" style="font-size:12.0pt;">&nbsp;</font></p>
  </td>
  <td width="4%" valign="top" style="padding:0in .7pt 0in .7pt;width:4.36%;">
  <p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="3" face="Times New Roman" style="font-size:12.0pt;">&nbsp;</font></p>
  </td>
  <td width="90%" colspan="2" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in .7pt 0in .7pt;width:90.6%;">
  <p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="3" face="Times New Roman" style="font-size:12.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="5%" valign="top" style="padding:0in .7pt 0in .7pt;width:5.04%;">
  <p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="3" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="4%" valign="top" style="padding:0in .7pt 0in .7pt;width:4.36%;">
  <p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="3" face="Times New Roman" style="font-size:12.0pt;">(3)</font></p>
  </td>
  <td width="90%" colspan="2" valign="top" style="border:none;padding:0in .7pt 0in .7pt;width:90.6%;">
  <p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="3" face="Times New Roman" style="font-size:12.0pt;">Filing Party:</font></p>
  </td>
 </tr>
 <tr>
  <td width="5%" valign="top" style="padding:0in .7pt 0in .7pt;width:5.04%;">
  <p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="3" face="Times New Roman" style="font-size:12.0pt;">&nbsp;</font></p>
  </td>
  <td width="4%" valign="top" style="padding:0in .7pt 0in .7pt;width:4.36%;">
  <p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="3" face="Times New Roman" style="font-size:12.0pt;">&nbsp;</font></p>
  </td>
  <td width="90%" colspan="2" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in .7pt 0in .7pt;width:90.6%;">
  <p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="3" face="Times New Roman" style="font-size:12.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="5%" valign="top" style="padding:0in .7pt 0in .7pt;width:5.04%;">
  <p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="3" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="4%" valign="top" style="padding:0in .7pt 0in .7pt;width:4.36%;">
  <p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="3" face="Times New Roman" style="font-size:12.0pt;">(4)</font></p>
  </td>
  <td width="90%" colspan="2" valign="top" style="border:none;padding:0in .7pt 0in .7pt;width:90.6%;">
  <p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="3" face="Times New Roman" style="font-size:12.0pt;">Date Filed:</font></p>
  </td>
 </tr>
 <tr>
  <td width="5%" valign="top" style="padding:0in .7pt 0in .7pt;width:5.04%;">
  <p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="3" face="Times New Roman" style="font-size:12.0pt;">&nbsp;</font></p>
  </td>
  <td width="4%" valign="top" style="padding:0in .7pt 0in .7pt;width:4.36%;">
  <p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="3" face="Times New Roman" style="font-size:12.0pt;">&nbsp;</font></p>
  </td>
  <td width="90%" colspan="2" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in .7pt 0in .7pt;width:90.6%;">
  <p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="3" face="Times New Roman" style="font-size:12.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr height="0">
  <td width="38" style="border:none;"></td>
  <td width="33" style="border:none;"></td>
  <td width="2" style="border:none;"></td>
  <td width="675" style="border:none;"></td>
 </tr>
</table>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<div style="margin:0in 0in .0001pt;"><hr size="3" width="100%" noshade color="#010101" align="left"></div>

</div>
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<div>

<p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">On April&nbsp;4, 2008, The
Children&#146;s Investment Fund Management (UK) LLP, The Children&#146;s Investment Fund
Management (Cayman) Ltd., The Children&#146;s Investment Master Fund and Christopher
Hohn filed an Answer in Federal Court in New York attached hereto as Exhibit&nbsp;1.</font></p>

<p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<div style="margin:0in 0in .0001pt;text-autospace:none;"><hr size="3" width="100%" noshade color="#010101" align="left"></div>

</div>
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</DOCUMENT>
<DOCUMENT>
<TYPE>EX-1
<SEQUENCE>2
<FILENAME>a08-8514_3ex1.htm
<DESCRIPTION>EX-1
<TEXT>

<html>

<head>





</head>

<body lang="EN-US">

<div>

<h3 align="right" style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-align:right;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Exhibit 1</font></b></h3>

<h3 align="center" style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></h3>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">UNITED
STATES DISTRICT COURT</font></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">SOUTHERN
DISTRICT OF NEW YORK</font></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<table border="0" cellspacing="0" cellpadding="0" width="100%" style="border-collapse:collapse;width:100.0%;">
 <tr>
  <td width="53%" colspan="2" valign="top" style="padding:0in .7pt 0in .7pt;width:53.32%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="3%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:3.34%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="43%" valign="top" style="padding:0in .7pt 0in .7pt;width:43.34%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="53%" colspan="2" valign="top" style="padding:0in .7pt 0in .7pt;width:53.32%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">CSX
  CORPORATION,</font></p>
  </td>
  <td width="3%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:3.34%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="43%" valign="top" style="padding:0in .7pt 0in .7pt;width:43.34%;">
  <p style="margin:0in 0in .0001pt;"><b><font size="2" face="Times New Roman" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>
  </td>
 </tr>
 <tr>
  <td width="53%" colspan="2" valign="top" style="padding:0in .7pt 0in .7pt;width:53.32%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="3%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:3.34%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="43%" valign="top" style="padding:0in .7pt 0in .7pt;width:43.34%;">
  <p style="margin:0in 0in .0001pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">&nbsp;</font></b></p>
  </td>
 </tr>
 <tr>
  <td width="29%" valign="top" style="padding:0in .7pt 0in .7pt;width:29.98%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="23%" valign="top" style="padding:0in .7pt 0in .7pt;width:23.34%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Plaintiff,</font></p>
  </td>
  <td width="3%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:3.34%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="43%" valign="top" style="padding:0in .7pt 0in .7pt;width:43.34%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="29%" valign="top" style="padding:0in .7pt 0in .7pt;width:29.98%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="23%" valign="top" style="padding:0in .7pt 0in .7pt;width:23.34%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="3%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:3.34%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="43%" valign="top" style="padding:0in .7pt 0in .7pt;width:43.34%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="29%" valign="top" style="padding:0in .7pt 0in .7pt;width:29.98%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="23%" valign="top" style="padding:0in .7pt 0in .7pt;width:23.34%;">
  <p style="margin:0in 0in .0001pt 20.0pt;text-indent:-10.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">v.</font></p>
  </td>
  <td width="3%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:3.34%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="43%" valign="top" style="padding:0in .7pt 0in .7pt;width:43.34%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="29%" valign="top" style="padding:0in .7pt 0in .7pt;width:29.98%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="23%" valign="top" style="padding:0in .7pt 0in .7pt;width:23.34%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="3%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:3.34%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="43%" valign="top" style="padding:0in .7pt 0in .7pt;width:43.34%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="53%" colspan="2" valign="top" style="padding:0in .7pt 0in .7pt;width:53.32%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">THE
  CHILDREN&#146;S INVESTMENT FUND </font></p>
  </td>
  <td width="3%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:3.34%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="43%" valign="top" style="padding:0in .7pt 0in .7pt;width:43.34%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="53%" colspan="2" valign="top" style="padding:0in .7pt 0in .7pt;width:53.32%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">MANAGEMENT
  (UK) LLP, THE CHILDREN&#146;S </font></p>
  </td>
  <td width="3%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:3.34%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="43%" valign="top" style="padding:0in .7pt 0in .7pt;width:43.34%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">ECF
  CASE </font></p>
  </td>
 </tr>
 <tr>
  <td width="53%" colspan="2" valign="top" style="padding:0in .7pt 0in .7pt;width:53.32%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">INVESTMENT
  FUND MANAGEMENT</font></p>
  </td>
  <td width="3%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:3.34%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="43%" valign="top" style="padding:0in .7pt 0in .7pt;width:43.34%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">08
  Civ. 02764 (LAK)(KNF)</font></p>
  </td>
 </tr>
 <tr>
  <td width="53%" colspan="2" valign="top" style="padding:0in .7pt 0in .7pt;width:53.32%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(CAYMAN)
  LTD., THE CHILDREN&#146;S</font></p>
  </td>
  <td width="3%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:3.34%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="43%" valign="top" style="padding:0in .7pt 0in .7pt;width:43.34%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="53%" colspan="2" valign="top" style="padding:0in .7pt 0in .7pt;width:53.32%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">INVESTMENT
  MASTER FUND, 3G CAPITAL</font></p>
  </td>
  <td width="3%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:3.34%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="43%" valign="top" style="padding:0in .7pt 0in .7pt;width:43.34%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="53%" colspan="2" valign="top" style="padding:0in .7pt 0in .7pt;width:53.32%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">PARTNERS
  LTD., 3G CAPITAL PARTNERS, L.P.,</font></p>
  </td>
  <td width="3%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:3.34%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="43%" valign="top" style="padding:0in .7pt 0in .7pt;width:43.34%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="53%" colspan="2" valign="top" style="padding:0in .7pt 0in .7pt;width:53.32%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">3G
  FUND, L.P., CHRISTOPHER HOHN, SNEHAL </font></p>
  </td>
  <td width="3%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:3.34%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="43%" valign="top" style="padding:0in .7pt 0in .7pt;width:43.34%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="53%" colspan="2" valign="top" style="padding:0in .7pt 0in .7pt;width:53.32%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">AMIN,
  AND ALEXANDRE BEHRING, A/K/A </font></p>
  </td>
  <td width="3%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:3.34%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="43%" valign="top" style="padding:0in .7pt 0in .7pt;width:43.34%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="53%" colspan="2" valign="top" style="padding:0in .7pt 0in .7pt;width:53.32%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">ALEXANDRE
  BEHRING COSTA,</font></p>
  </td>
  <td width="3%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:3.34%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="43%" valign="top" style="padding:0in .7pt 0in .7pt;width:43.34%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="53%" colspan="2" valign="top" style="padding:0in .7pt 0in .7pt;width:53.32%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="3%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:3.34%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="43%" valign="top" style="padding:0in .7pt 0in .7pt;width:43.34%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="53%" colspan="2" valign="top" style="padding:0in .7pt 0in .7pt;width:53.32%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="3%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:3.34%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="43%" valign="top" style="padding:0in .7pt 0in .7pt;width:43.34%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="29%" valign="top" style="padding:0in .7pt 0in .7pt;width:29.98%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="23%" valign="top" style="padding:0in .7pt 0in .7pt;width:23.34%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Defendants.</font></p>
  </td>
  <td width="3%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:3.34%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="43%" valign="top" style="padding:0in .7pt 0in .7pt;width:43.34%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="29%" valign="top" style="padding:0in .7pt 0in .7pt;width:29.98%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="23%" valign="top" style="padding:0in .7pt 0in .7pt;width:23.34%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="3%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:3.34%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="43%" valign="top" style="padding:0in .7pt 0in .7pt;width:43.34%;">
  <p style="margin:0in 0in .0001pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">&nbsp;</font></b></p>
  </td>
 </tr>
 <tr>
  <td width="29%" valign="top" style="padding:0in .7pt 0in .7pt;width:29.98%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="23%" valign="top" style="padding:0in .7pt 0in .7pt;width:23.34%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="3%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:3.34%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="43%" valign="top" style="padding:0in .7pt 0in .7pt;width:43.34%;">
  <p style="margin:0in 0in .0001pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">&nbsp;</font></b></p>
  </td>
 </tr>
 <tr>
  <td width="53%" colspan="2" valign="top" style="padding:0in .7pt 0in .7pt;width:53.32%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">THE
  CHILDREN&#146;S INVESTMENT MASTER FUND,</font></p>
  </td>
  <td width="3%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:3.34%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="43%" valign="top" style="padding:0in .7pt 0in .7pt;width:43.34%;">
  <p style="margin:0in 0in .0001pt;"><b><font size="2" face="Times New Roman" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>
  </td>
 </tr>
 <tr>
  <td width="29%" valign="top" style="padding:0in .7pt 0in .7pt;width:29.98%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="23%" valign="top" style="padding:0in .7pt 0in .7pt;width:23.34%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="3%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:3.34%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="43%" valign="top" style="padding:0in .7pt 0in .7pt;width:43.34%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="29%" valign="top" style="padding:0in .7pt 0in .7pt;width:29.98%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="23%" valign="top" style="padding:0in .7pt 0in .7pt;width:23.34%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Counterclaim
  and Third-</font></p>
  </td>
  <td width="3%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:3.34%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="43%" valign="top" style="padding:0in .7pt 0in .7pt;width:43.34%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="29%" valign="top" style="padding:0in .7pt 0in .7pt;width:29.98%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="23%" valign="top" style="padding:0in .7pt 0in .7pt;width:23.34%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Party
  Plaintiff,</font></p>
  </td>
  <td width="3%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:3.34%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="43%" valign="top" style="padding:0in .7pt 0in .7pt;width:43.34%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="29%" valign="top" style="padding:0in .7pt 0in .7pt;width:29.98%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="23%" valign="top" style="padding:0in .7pt 0in .7pt;width:23.34%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="3%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:3.34%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="43%" valign="top" style="padding:0in .7pt 0in .7pt;width:43.34%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="29%" valign="top" style="padding:0in .7pt 0in .7pt;width:29.98%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="23%" valign="top" style="padding:0in .7pt 0in .7pt;width:23.34%;">
  <p style="margin:0in 0in .0001pt 20.0pt;text-indent:-10.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">v.</font></p>
  </td>
  <td width="3%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:3.34%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="43%" valign="top" style="padding:0in .7pt 0in .7pt;width:43.34%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="29%" valign="top" style="padding:0in .7pt 0in .7pt;width:29.98%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="23%" valign="top" style="padding:0in .7pt 0in .7pt;width:23.34%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="3%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:3.34%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="43%" valign="top" style="padding:0in .7pt 0in .7pt;width:43.34%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="53%" colspan="2" valign="top" style="padding:0in .7pt 0in .7pt;width:53.32%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">CSX
  CORPORATION AND MICHAEL WARD,</font></p>
  </td>
  <td width="3%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:3.34%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="43%" valign="top" style="padding:0in .7pt 0in .7pt;width:43.34%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="29%" valign="top" style="padding:0in .7pt 0in .7pt;width:29.98%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="23%" valign="top" style="padding:0in .7pt 0in .7pt;width:23.34%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="3%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:3.34%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="43%" valign="top" style="padding:0in .7pt 0in .7pt;width:43.34%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="29%" valign="top" style="padding:0in .7pt 0in .7pt;width:29.98%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="23%" valign="top" style="padding:0in .7pt 0in .7pt;width:23.34%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Counterclaim
  and Third-</font></p>
  </td>
  <td width="3%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:3.34%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="43%" valign="top" style="padding:0in .7pt 0in .7pt;width:43.34%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="29%" valign="top" style="padding:0in .7pt 0in .7pt;width:29.98%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="23%" valign="top" style="padding:0in .7pt 0in .7pt;width:23.34%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Party
  Defendants.</font></p>
  </td>
  <td width="3%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:3.34%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="43%" valign="top" style="padding:0in .7pt 0in .7pt;width:43.34%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="53%" colspan="2" valign="top" style="padding:0in .7pt 0in .7pt;width:53.32%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="3%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:3.34%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="43%" valign="top" style="padding:0in .7pt 0in .7pt;width:43.34%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
</table>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<div align="left" style="font-weight:bold;margin:0in 0in .0001pt;page-break-after:auto;text-align:left;text-transform:uppercase;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:normal;">

<hr size="3" width="100%" noshade color="#010101" align="left">

</font></b></div>

</div>
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<br clear="all" style="page-break-before:always;">


<div>

<p style="font-weight:bold;margin:0in 0in .0001pt;page-break-after:auto;text-align:center;text-transform:uppercase;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:normal;">&nbsp;</font></b></p>

<p style="font-weight:bold;margin:0in 0in .0001pt;page-break-after:auto;text-align:center;text-transform:uppercase;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></b></p>

<p style="font-weight:bold;margin:0in 0in .0001pt;page-break-after:auto;text-align:center;text-transform:uppercase;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;text-transform:none;">ANSWER AND AFFIRMATIVE DEFENSES OF DEFENDANTS <br>
THE CHILDREN&#146;S INVESTMENT FUND MANAGEMENT (UK) LLP, <br>
THE CHILDREN&#146;S INVESTMENT FUND MANAGEMENT (CAYMAN) LTD., <br>
THE CHILDREN&#146;S INVESTMENT MASTER FUND,<u><br>
</u>CHRISTOPHER HOHN, AND SNEHAL AMIN AND<br>
COUNTERCLAIMS AND THIRD-PARTY CLAIMS OF<br>
<u>THE CHILDREN&#146;S INVESTMENT MASTER FUND</u></font></b></p>

<p style="font-weight:bold;margin:0in 0in .0001pt;page-break-after:auto;text-align:center;text-transform:uppercase;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></b></p>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-indent:1.0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Defendants The Children&#146;s Investment Fund Management (UK) LLP, The
Children&#146;s Investment Fund Management (Cayman) Ltd., The Children&#146;s Investment
Master Fund, Christopher Hohn, and Snehal Amin (collectively the &#147;TCI Defendants&#148;),
by their attorneys, Schulte Roth&nbsp;&amp; Zabel LLP, hereby submit their
answer to the Complaint (the &#147;Complaint&#148;) filed by CSX Corporation (&#147;CSX&#148;).&#160; The Children&#146;s Investment Master Fund, by its
attorneys, Schulte Roth&nbsp;&amp; Zabel LLP, hereby submits its counterclaims
against CSX, and third-party claims against Michael Ward (&#147;Ward&#148;).</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-indent:1.0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></h3>

<p style="font-weight:bold;margin:0in 0in .0001pt;page-break-after:auto;text-align:center;text-transform:uppercase;"><b><u><font size="2" face="Times New Roman" style="font-size:10.0pt;text-transform:none;">ANSWER</font></u></b></p>

<p style="font-weight:bold;margin:0in 0in .0001pt;page-break-after:auto;text-align:center;text-transform:uppercase;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></b></p>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-indent:1.0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">As and for their answer to the specific allegations of the Complaint,
TCI Defendants state and allege as follows:</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-indent:1.0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-indent:72.8pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">1.&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; Except
to the extent that paragraph 1 sets forth legal conclusions as to which no
answer is required, the TCI Defendants deny the allegations set forth in
paragraph 1 of the Complaint and deny that CSX is entitled to any of the relief
sought, except admit that CSX purports to seek injunctive and declaratory
relief, and further admit that the TCI Defendants, together with defendants 3G
Capital Partners Ltd., 3G Capital Partners, L.P., 3G Fund., L.P., and Alexandre
Behring (collectively the &#147;3G Defendants&#148;),<b>  </b>filed proxy
solicitation materials which disclose their intentions to nominate a minority
slate of directors for election to the CSX Board of Directors at the 2008
annual meeting of CSX shareholders, and to propose an amendment to CSX&#146;s
Amended and Restated Bylaws (&#147;Bylaws&#148;).</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-indent:72.8pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></h3>

<h3 align="center" style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></h3>

<h3 align="center" style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">2</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">

<hr size="3" width="100%" noshade color="#010101" align="left">

</font></b></h3>

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<h3 align="center" style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-indent:72.8pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-indent:72.8pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">2.&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; The
TCI Defendants state that the allegations set forth in paragraph 2 of the
Complaint state legal conclusions as to which no answer is required.</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-indent:72.8pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-indent:72.8pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">3.&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; The
TCI Defendants deny the allegations set forth in paragraph 3 of the Complaint.</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-indent:72.8pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-indent:72.8pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">4.&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; The
TCI Defendants deny the allegations set forth in the first and fourth sentences
of paragraph 4 of the Complaint, except admit that the TCI Defendants and 3G
Defendants (collectively the &#147;Defendants&#148;) filed a Schedule 13D on December&nbsp;19,
2007; to the extent that the allegations purport to excerpt or describe the
Schedule 13D, the TCI Defendants aver that the document speaks for itself and
respectfully refer the Court to the document for its complete contents.&#160; The TCI Defendants further aver that, to the
extent that any of the TCI Defendants made statements regarding TCI&#146;s interest
in CSX to CSX or any of its advisors, CSX and its advisors were aware that the
interest TCI held in CSX was an economic interest through swap contracts.</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-indent:72.8pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-indent:72.8pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">5.&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; Except
to the extent that paragraph 5 sets forth legal conclusions as to which no
answer required, the TCI Defendants deny the allegations set forth in paragraph
5 of the Complaint.</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-indent:72.8pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-indent:72.8pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">6.&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; Except
to the extent that paragraph 6 sets forth legal conclusions as to which no
answer required, the TCI Defendants deny the allegations set forth in paragraph
6 of the Complaint, except admit that the Defendants<b>  </b>filed
proxy solicitation materials which disclose their intention to nominate a
minority slate of directors for election to the CSX Board of Directors at the
2008 annual meeting of CSX shareholders.</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-indent:72.8pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></h3>

<h3 align="center" style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></h3>

<h3 align="center" style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">3</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">

<hr size="3" width="100%" noshade color="#010101" align="left">

</font></b></h3>

</div>
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<h3 align="center" style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-indent:72.8pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-indent:72.8pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">7.&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; Except
to the extent that paragraph 7 sets forth legal conclusions as to which no
answer required, the TCI Defendants deny the allegations set forth in paragraph
7 of the Complaint.</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-indent:72.8pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-indent:72.8pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">8.&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; Except
to the extent that paragraph 8 sets forth legal conclusions as to which no
answer required, the TCI Defendants deny the allegations set forth in paragraph
8 of the Complaint, and further deny that CSX is entitled to any of the relief
sought.</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-indent:72.8pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-indent:72.8pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">9.&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; Except
to the extent that paragraph 9 sets forth legal conclusions as to which no
answer required, the TCI Defendants deny the allegations set forth in paragraph
9 of the Complaint, and further deny that CSX is entitled to any of the relief
sought.</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-indent:72.8pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-indent:72.8pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">10.&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; The
TCI Defendants state that the allegations set forth in paragraph 10 of the
Complaint state legal conclusions as to which no answer is required.</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-indent:72.8pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-indent:72.8pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">11.&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; The
TCI Defendants state that the allegations set forth in paragraph 11 of the
Complaint state legal conclusions as to which no answer is required.</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-indent:72.8pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-indent:72.8pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">12.&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; The
TCI Defendants state that the allegations set forth in paragraph 12 of the
Complaint state legal conclusions as to which no answer is required.</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-indent:72.8pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-indent:72.8pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">13.&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; The
TCI Defendants state that the allegations set forth in paragraph 13 of the
Complaint state legal conclusions as to which no answer is required.</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-indent:72.8pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-indent:72.8pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">14.&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; The
TCI Defendants admit, upon information and belief, the allegations set forth in
paragraph 14 of the Complaint.</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-indent:72.8pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-indent:72.8pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">15.&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; The
TCI Defendants admit the allegations set forth in paragraph 15 of the
Complaint.</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-indent:72.8pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-indent:72.8pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">16.&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; The
TCI Defendants admit the allegations set forth in paragraph 16 of the
Complaint.</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-indent:72.8pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></h3>

<h3 align="center" style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></h3>

<h3 align="center" style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">4</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">

<hr size="3" width="100%" noshade color="#010101" align="left">

</font></b></h3>

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<h3 align="center" style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-indent:72.8pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-indent:72.8pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">17.&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; The
TCI Defendants admit the allegations set forth in paragraph 17 of the
Complaint.</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-indent:72.8pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-indent:72.8pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">18.&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; The
TCI Defendants deny the allegations set forth in paragraph 18 of the Complaint,
except admit that defendant Snehal Amin (&#147;Amin&#148;) is a citizen of the United States
and a founding partner of TCIF UK.</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-indent:72.8pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-indent:72.8pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">19.&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; The
TCI Defendants admit the allegations set forth in paragraph 19 of the
Complaint.</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-indent:72.8pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-indent:72.8pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">20.&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; The
TCI Defendants deny knowledge or information sufficient to form a belief as to
the truth of the allegations set forth in paragraph 20 of the Complaint.</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-indent:72.8pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-indent:72.8pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">21.&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; The
TCI Defendants deny knowledge or information sufficient to form a belief as to
the truth of the allegations set forth in paragraph 21 of the Complaint.</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-indent:72.8pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-indent:72.8pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">22.&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; The
TCI Defendants deny knowledge or information sufficient to form a belief as to
the truth of the allegations set forth in paragraph 22 of the Complaint.</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-indent:72.8pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-indent:72.8pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">23.&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; The
TCI Defendants deny knowledge or information sufficient to form a belief as to
the truth of the allegations set forth in paragraph 23 of the Complaint.</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-indent:72.8pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-indent:72.8pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">24.&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; The
TCI Defendants deny the allegations set forth in paragraph 24 of the Complaint,
except admit that TCI called CSX several times, in an effort to develop an
understanding of CSX&#146;s business, that in December&nbsp;2007, TCI requested to
meet with CSX management and, at the request of CSX, met with CSX&#146;s financial
advisors from Morgan Stanley&nbsp;&amp; Co. in New York on January&nbsp;22,
2007.</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-indent:72.8pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-indent:72.8pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">25.&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; The
TCI Defendants deny the allegations set forth in paragraph 25 of the Complaint,
except admit that TCI had several interactions with advisors and presented &#147;proposals&#148;
to CSX management and their advisors.&#160; To
the extent that the allegations purport to </font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-indent:72.8pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></h3>

<h3 align="center" style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></h3>

<h3 align="center" style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">5</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">

<hr size="3" width="100%" noshade color="#010101" align="left">

</font></b></h3>

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<h3 align="center" style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-indent:72.8pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">excerpt or describe a document, the TCI Defendants aver that the
document speaks for itself and respectfully refer the Court to the document for
its complete contents.</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-indent:72.8pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-indent:72.8pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">26.&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; The
TCI Defendants deny the allegations set forth in paragraph 26 of the Complaint.</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-indent:72.8pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-indent:72.8pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">27.&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; The
TCI Defendants admit that Mr.&nbsp;Amin attended the conference referenced in
paragraph 27, deny knowledge sufficient to form a basis as to the truth of the
remaining allegations set forth in paragraph 27 of the Complaint, and further
aver that at all relevant times, CSX&#146;s Chief Financial Officer was aware that the
interests TCI held in CSX was an economic interest through swap contracts.</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-indent:72.8pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-indent:72.8pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">28.&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; The
TCI Defendants admit the allegations set forth in the first sentence of
paragraph 28 of the Complaint.&#160; The TCI
Defendants make no response to the allegations set forth in the second sentence
of paragraph 28, as they state legal conclusions as to which no answer is
required.</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-indent:72.8pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-indent:72.8pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">29.&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; The
TCI Defendants deny knowledge sufficient to form a basis as to the truth of the
allegations set forth in paragraph 29 of the Complaint, except admit that on March&nbsp;29,
2007, Mr.&nbsp;Amin attended a meeting with CSX&#146;s Chief Financial Officer and
with CSX&#146;s attorneys in New York, during which he stated in response to
questions that, to the extent TCI owned shares of CSX, they would vote them,
and that there was &#147;no limit&#148; to the type of action that the TCI Defendants
would take to create value for the shareholders of CSX.</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-indent:72.8pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-indent:72.8pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">30.&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; The
TCI Defendants deny the allegations set forth in paragraph 30 of the Complaint,
except admit that the TCI Defendants had calls with CSX&#146;s outside advisors from
Evercore Partners (&#147;Evercore&#148;).</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-indent:72.8pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></h3>

<h3 align="center" style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></h3>

<h3 align="center" style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">6</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">

<hr size="3" width="100%" noshade color="#010101" align="left">

</font></b></h3>

</div>
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<h3 align="center" style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-indent:72.8pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-indent:72.8pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">31.&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; The
TCI Defendants deny the allegations set forth in paragraph 31 of the Complaint,
except admit that Mr.&nbsp;Amin made a presentation during a May&nbsp;8, 2007
Bear Stearns conference, during which he stated that, if CSX wished to sell
itself in an LBO, financing would be available, and that he had an indicative
financing proposal from a bank that could underwrite the debt.</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-indent:72.8pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-indent:72.8pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">32.&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; The
TCI Defendants admit the allegations set forth in paragraph 32 of the
Complaint.</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-indent:72.8pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-indent:72.8pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">33.&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; The
TCI Defendants admit the allegations set forth in the first sentence of
paragraph 33 of the Complaint, and deny knowledge or information sufficient to
form a belief as to the truth of the allegations set forth in the second
sentence of paragraph 33 of the Complaint.</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-indent:72.8pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-indent:72.8pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">34.&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; The
TCI Defendants deny knowledge or information sufficient to form a belief as to
the truth of the allegations set forth in paragraph 34 of the Complaint.</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-indent:72.8pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-indent:72.8pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">35.&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; The
TCI Defendants admit the allegations set forth in paragraph 35 of the
Complaint.</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-indent:72.8pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-indent:72.8pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">36.&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; The
TCI Defendants admit the allegations set forth in paragraph 36 of the
Complaint.</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-indent:72.8pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-indent:72.8pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">37.&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; The
TCI Defendants deny knowledge or information sufficient to form a belief as to
the truth of the allegations set forth in paragraph 37 of the Complaint.</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-indent:72.8pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-indent:72.8pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">38.&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; The
TCI Defendants deny knowledge or information sufficient to form a belief as to
the truth of the allegations set forth in paragraph 38 of the Complaint.</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-indent:72.8pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-indent:72.8pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">39.&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; The
TCI Defendants deny knowledge or information sufficient to form a belief as to
the truth of the allegations set forth in paragraph 39 of the Complaint.</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-indent:72.8pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></h3>

<h3 align="center" style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></h3>

<h3 align="center" style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">7</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">

<hr size="3" width="100%" noshade color="#010101" align="left">

</font></b></h3>

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<div>

<h3 align="center" style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-indent:72.8pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-indent:72.8pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">40.&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; The
TCI Defendants deny knowledge or information sufficient to form a belief as to
the truth of the allegations set forth in the first sentence of paragraph 40 of
the Complaint.&#160; The TCI Defendants admit
the allegations set forth in the second sentence of paragraph 40.&#160; The TCI Defendants make no response to the
allegations set forth in the third sentence of paragraph 40, as they call for
legal conclusions and require no response.</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-indent:72.8pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-indent:72.8pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">41.&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; The
TCI Defendants deny the allegations set forth in the first and second sentences
of paragraph 41 of the Complaint, except admit that TCI attended the September&nbsp;6,
2007 Analyst/Investor conference in New York, and further admit that after the
conference, defendant Christopher Hohn (&#147;Hohn&#148;) attempted to speak with CSX&#146;s
Chief Financial Officer, as did numerous other attendees.&#160; The TCI Defendants deny knowledge and
information sufficient to form a belief as to the allegations set forth in the
third sentence of paragraph 41 of the Complaint, except admit that Mr.&nbsp;Hohn
approached CSX&#146;s advisors from Evercore and Morgan Stanley&nbsp;&amp; Co. to
discuss CSX.</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-indent:72.8pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-indent:72.8pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">42.&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; The
TCI Defendants admit the allegations set forth in paragraph 42 of the
Complaint, upon information and belief, except deny knowledge or information
sufficient to form a belief as to the truth of the allegation that Gilbert
Lamphere purchased CSX common stock in connection with his becoming a nominee
for the CSX Board.</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-indent:72.8pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-indent:72.8pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">43.&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; The
TCI Defendants admit the allegations set forth in paragraph 43 of the
Complaint, except deny knowledge or information sufficient to form a belief that
Timothy O&#146;Toole purchased CSX common stock in connection with his becoming a
nominee for the CSX Board.</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-indent:72.8pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-indent:72.8pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">44.&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; The
TCI Defendants deny knowledge or information sufficient to form a belief as to
the truth of the allegations set forth in paragraph 44 of the Complaint.</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-indent:72.8pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></h3>

<h3 align="center" style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></h3>

<h3 align="center" style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">8</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">

<hr size="3" width="100%" noshade color="#010101" align="left">

</font></b></h3>

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<h3 align="center" style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-indent:72.8pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-indent:72.8pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">45.&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; The
TCI Defendants make no response to the allegations set forth in paragraph 45 of
the Complaint, as they consist of general descriptive statements to which no
answer is required; to the extent a response is required, TCI Defendants deny
knowledge or information sufficient to form a believe as to the truth of those
allegations.</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-indent:72.8pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-indent:72.8pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">46.&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; The
TCI Defendants make no response to the allegations set forth in paragraph 46 of
the Complaint, as they consist of general descriptive statements to which no
answer is required; to the extent a response is required, TCI Defendants deny
knowledge or information sufficient to form a believe as to the truth of those
allegations.</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-indent:72.8pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-indent:72.8pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">47.&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; The
TCI Defendants deny knowledge or information sufficient to form a belief as to
the truth of the allegations set forth in paragraph 47 of the Complaint.</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-indent:72.8pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-indent:72.8pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">48.&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; The
TCI Defendants deny knowledge or information sufficient to form a belief as to
the truth of the allegations set forth in paragraph 48 of the Complaint.</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-indent:72.8pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-indent:72.8pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">49.&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; The
TCI Defendants deny knowledge or information sufficient to form a belief as to
the truth of the allegations set forth in paragraph 49 of the Complaint.</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-indent:72.8pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-indent:72.8pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">50.&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; The
TCI Defendants deny the allegations set forth in paragraph 50 of the Complaint.</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-indent:72.8pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-indent:72.8pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">51.&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; The
TCI Defendants admit, upon information and belief, the allegations set forth in
paragraph 51 of the Complaint.</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-indent:72.8pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-indent:72.8pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">52.&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; The
TCI Defendants admit the allegations set forth in paragraph 52 of the
Complaint.</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-indent:72.8pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-indent:72.8pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">53.&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; The
TCI Defendants state that the allegations set forth in paragraph 53 of the
Complaint state legal conclusions as to which no answer is required.</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-indent:72.8pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></h3>

<h3 align="center" style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></h3>

<h3 align="center" style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">9</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">

<hr size="3" width="100%" noshade color="#010101" align="left">

</font></b></h3>

</div>
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<h3 align="center" style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-indent:72.8pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-indent:72.8pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">54.&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; The
TCI Defendants state that the allegations set forth in paragraph 54 of the
Complaint state legal conclusions as to which no answer is required.</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-indent:72.8pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-indent:72.8pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">55.&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; The
TCI Defendants state that the allegations set forth in paragraph 55 of the
Complaint state legal conclusions as to which no answer is required.</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-indent:72.8pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-indent:72.8pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">56.&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; The
TCI Defendants state that the allegations set forth in paragraph 56 of the
Complaint state legal conclusions as to which no answer is required.</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-indent:72.8pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-indent:72.8pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">57.&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; The
TCI Defendants state that the allegations set forth in paragraph 57 of the
Complaint state legal conclusions as to which no answer is required.</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-indent:72.8pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-indent:72.8pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">58.&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; The
TCI Defendants state that the allegations set forth in paragraph 58 of the
Complaint state legal conclusions as to which no answer is required.</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-indent:72.8pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-indent:72.8pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">59.&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; The
TCI Defendants admit the allegations set forth in the first and second
sentences of paragraph 59 of the Complaint.&#160;
The TCI Defendants deny the allegations set forth in the third sentence
of paragraph 59 of the Complaint.&#160; To the
extent that the allegations purport to excerpt or describe certain filings made
by the Defendants, the TCI Defendants aver that the filings speak for
themselves and respectfully refer the Court to those filings for their complete
contents.</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-indent:72.8pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-indent:72.8pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">60.&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; The
TCI Defendants deny the allegations set forth in paragraph 60 of the Complaint.</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-indent:72.8pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-indent:72.8pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">61.&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; The
TCI Defendants deny the allegations set forth in paragraph 61 of the Complaint,
and reallege and incorporate by reference their answers to paragraphs 25, 28,
29, 31, 33, 34, and 35 of the Complaint.</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-indent:72.8pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></h3>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">10</font></p>

<div style="margin:0in 0in .0001pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">

<hr size="3" width="100%" noshade color="#010101" align="left">

</font></b></div>

</div>
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<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-indent:72.8pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-indent:72.8pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-indent:72.8pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">62.&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; The
TCI Defendants deny the allegations set forth in paragraph 62 of the Complaint,
and reallege and reincorporate by reference their answers to paragraphs 26, 29,
and 30 of the Complaint.</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-indent:72.8pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-indent:72.8pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">63.&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; The
TCI Defendants deny the allegations set forth in paragraph 63 of the Complaint,
except admit that TCI acquired just over 4 percent of CSX shares on the open
market between April&nbsp;3, 2007 and May&nbsp;14, 2007, and continues to own
those shares.&#160; The TCI Defendants deny
information and belief sufficient to form a belief as to the truth of the
allegations set forth in paragraph 63 as they pertain to the 3G Defendants.</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-indent:72.8pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-indent:72.8pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">64.&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; The
TCI Defendants deny the allegations set forth in paragraph 64 of the Complaint.</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-indent:72.8pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-indent:72.8pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">65.&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; The
TCI Defendants deny the allegations set forth in paragraph 65 of the Complaint.</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-indent:72.8pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-indent:72.8pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">66.&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; The
TCI Defendants state that the allegations set forth in paragraph 66 of the
Complaint state legal conclusions as to which no answer is required.</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-indent:72.8pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-indent:72.8pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">67.&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; The
TCI Defendants deny the allegations set forth in paragraph 67 of the Complaint,
except admit that on December&nbsp;12, 2007, TCI and 3G agreed to coordinate
their efforts with respect to their interest in CSX, and further aver that to
the extent the allegations set forth in paragraph 67 state legal conclusions,
no response is required.</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-indent:72.8pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-indent:72.8pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">68.&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; The
TCI Defendants deny the allegations set forth in paragraph 68 of the Complaint;
to the extent that the allegations purport to excerpt or describe Defendants&#146;
Schedule 13D and preliminary proxy statement on Schedule 14A, the TCI Defendants
aver that the filings speak for themselves and respectfully refer the Court to
those filings for their complete contents.</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></h3>

<h3 align="center" style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">11</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">

<hr size="3" width="100%" noshade color="#010101" align="left">

</font></h3>

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<div>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-indent:72.8pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">69.&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; The
TCI Defendants state that no response is required to the allegations set forth
in paragraph 69 of the Complaint, as they purport to excerpt or describe
Defendants&#146; December&nbsp;19, 2007 Schedule 13D filing; the TCI Defendants aver
that the filing speaks for itself and respectfully refer the Court to that
filing for its complete contents.</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-indent:72.8pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-indent:72.8pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">70.&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; The
TCI Defendants deny the allegations set forth in paragraph 70 of the Complaint
to the extent there is any implication that TCI and 3G formed a group, the
existence of which, they were required to disclose earlier than December&nbsp;12,
2007.</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-indent:72.8pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-indent:72.8pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">71.&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; The
TCI Defendants deny the allegations set forth in paragraph 71 of the Complaint,
and reallege and incorporate by reference their answers to paragraphs 28, 36,
37, 39, 40, and 41 of the Complaint.</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-indent:72.8pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-indent:72.8pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">72.&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; The
TCI Defendants deny the allegations set forth in paragraph 72 of the Complaint.</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-indent:72.8pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-indent:72.8pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">73.&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; Except
to the extent that paragraph 73 of the Complaint states legal conclusions to
which no response is required, the TCI Defendants deny the allegations set
forth in paragraph 73 of the Complaint.&#160;
To the extent that the allegations purport to excerpt or describe
Defendants&#146; December&nbsp;19, 2007 Schedule 13D filing, the TCI Defendants aver
that the filing speaks for itself and respectfully refer the Court to the
filing for its complete contents.</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-indent:72.8pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-indent:72.8pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">74.&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; The
TCI Defendants deny the allegations set forth in paragraph 74 of the Complaint;
to the extent that the allegations purport to excerpt or describe Defendants&#146; December&nbsp;19,
2007 Schedule 13D filing, the TCI Defendants aver that the filing speaks for
itself and respectfully refer the Court to that filing for its complete
contents.</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-indent:72.8pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-indent:72.8pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">75.&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; The
TCI Defendants deny the allegations set forth in paragraph 75 of the Complaint;
to the extent that the allegations purport to excerpt or describe Defendants&#146; </font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></h3>

<h3 align="center" style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">12</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">

<hr size="3" width="100%" noshade color="#010101" align="left">

</font></h3>

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<div>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-indent:72.8pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-indent:72.8pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">December&nbsp;19, 2007 Schedule 13D filing, the TCI Defendants aver
that the filing speaks for itself and respectfully refer the Court to that
filing for its complete contents.</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-indent:72.8pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-indent:72.8pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">76.&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; The
TCI Defendants deny the allegations set forth in paragraph 76 of the Complaint;
to the extent that the allegations purport to excerpt or describe Defendants&#146; December&nbsp;19,
2007 Schedule 13D filing, the TCI Defendants aver that the filing speaks for
itself and respectfully refer the Court to that filing for its complete
contents.</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-indent:72.8pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-indent:72.8pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">77.&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; The
TCI Defendants state that to the extent the allegations set forth in paragraph
77 of the Complaint state legal conclusions, no answer is required; to the
extent that the allegations purport to excerpt or describe Defendants&#146; December&nbsp;19,
2007 Schedule 13D filing, the TCI Defendants aver that the filing speaks for
itself and respectfully refer the Court to that filing for its complete
contents.&#160; To the extent a response is
required, the TCI Defendants deny the allegations set forth in paragraph 77 of
the Complaint.</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-indent:72.8pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-indent:72.8pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">78.&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; The
TCI Defendants deny the allegations set forth in paragraph 78 of the Complaint;
to the extent that the allegations purport to excerpt or describe Defendants&#146; December&nbsp;19,
2007 Schedule 13D filing, the TCI Defendants aver that the filing speaks for
itself and respectfully refer the Court to that filing for its complete
contents.</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-indent:72.8pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-indent:72.8pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">79.&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; The
TCI Defendants deny the allegations set forth in paragraph 79 of the Complaint;
to the extent that the allegations purport to excerpt or describe Defendants&#146; December&nbsp;19,
2007 Schedule 13D filing, the TCI Defendants aver that the filing speaks for
itself and respectfully refer the Court to that filing for its complete
contents.</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-indent:72.8pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-indent:72.8pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">80.&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; Except
to the extent that Paragraph 80 of the Complaint states legal conclusions to
which no response is required, the TCI Defendants deny the allegations set
forth in paragraph 80 of the Complaint as they pertain to them and deny
knowledge or information </font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></h3>

<h3 align="center" style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">13</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">

<hr size="3" width="100%" noshade color="#010101" align="left">

</font></h3>

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<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-indent:72.8pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-indent:72.8pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">sufficient to form a belief as to the truth of those allegations as
they pertain to the 3G Defendants; to the extent that the allegations purport
to excerpt or describe Defendants&#146; Schedule 13D, the TCI Defendants aver that
the filing speaks for itself and respectfully refer the Court to that filing
for its complete contents.</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-indent:72.8pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-indent:72.8pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">81.&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; The
TCI Defendants admit that they did not file the written agreements relating to
the swap arrangements as exhibits to the Schedule 13D.&#160; The TCI Defendants further aver that to the
extent the allegations set forth in paragraph 81 of the Complaint state legal
conclusions, no response is required.</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-indent:72.8pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-indent:72.8pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">82.&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; The
TCI Defendants deny the allegations set forth in paragraph 82 of the Complaint<b>, </b>and aver that the schedule disclosing the information
referenced in paragraph 82 was filed in the last amendment to Defendants&#146;
Schedule 13D, in accordance with a representation made to the staff of the
Securities and Exchange Commission (the &#147;SEC&#148;) on February&nbsp;20, 2008 to
disclose this information at the time that a 13D amendment was otherwise
required to be filed.&#160; The TCI Defendants
further aver that to the extent the allegations set forth in paragraph 82 of
the Complaint state legal conclusions, no response is required.</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-indent:72.8pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-indent:72.8pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">83.&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; The
TCI Defendants admit that they did not file copies of the nominee agreements
referenced in the December&nbsp;19, 2007 Schedule 13D.&#160; The TCI Defendants further aver that to the
extent the allegations set forth in paragraph 83 of the Complaint state legal
conclusions, no response is required.</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-indent:72.8pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-indent:72.8pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">84.&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; The
TCI Defendants state that the allegations set forth in paragraph 84 of the
Complaint state legal conclusions as to which no answer is required.</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-indent:72.8pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-indent:72.8pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">85.&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; Except
to the extent that Paragraph 85 of the Complaint states legal conclusions to
which no response is required, the TCI Defendants deny the allegations set
forth </font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></h3>

<h3 align="center" style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">14</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">

<hr size="3" width="100%" noshade color="#010101" align="left">

</font></h3>

</div>
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<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-indent:72.8pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-indent:72.8pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">in paragraph 85 of the Complaint, except admit that on March&nbsp;10,
2008, Defendants filed their preliminary proxy statement on Schedule 14A; to
the extent that the allegations purport to excerpt or describe the filing, the
TCI Defendants aver that the relevant document speaks for itself and
respectfully refer the Court to the filing for its complete contents.</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-indent:72.8pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-indent:72.8pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">86.&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; Except
to the extent that Paragraph 86 of the Complaint states legal conclusions to
which no response is required, the TCI Defendants deny the allegations set
forth in paragraph 86 of the Complaint, except admit that on March&nbsp;10,
2008 Defendants filed a Schedule 14A; to the extent that the allegations
purport to excerpt or describe filings made by the Defendants, the TCI
Defendants aver that the filings speak for themselves and respectfully refer
the Court to the filings for their complete contents.</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-indent:72.8pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-indent:72.8pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">87.&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; Except
to the extent that Paragraph 87 of the Complaint states legal conclusions to
which no response is required, the TCI Defendants deny the allegations set
forth in paragraph 87 of the Complaint, except admit that on March&nbsp;10,
2008 Defendants filed a Schedule 14A; to the extent that the allegations
purport to excerpt or describe the Schedule 14A, the TCI Defendants aver that
the filing speaks for itself and respectfully refer the Court to the filing for
its complete contents.</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-indent:72.8pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-indent:72.8pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">88.&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; Except
to the extent that Paragraph 88 of the Complaint states legal conclusions to
which no response is required, the TCI Defendants deny the allegations set
forth in paragraph 88 of the Complaint, except admit that on March&nbsp;10,
2008 Defendants filed a Schedule 14A; to the extent that the allegations
purport to excerpt or describe the Schedule 14A, the TCI Defendants aver that
the filing speaks for itself and respectfully refer the Court to the filing for
its complete contents.</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></h3>

<h3 align="center" style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">15</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">

<hr size="3" width="100%" noshade color="#010101" align="left">

</font></h3>

</div>
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<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-indent:72.8pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-indent:72.8pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-indent:72.8pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">89.&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; Except
to the extent that Paragraph 89 of the Complaint states legal conclusions to
which no response is required, the TCI Defendants deny the allegations set
forth in paragraph 89 of the Complaint, except admit that on March&nbsp;10,
2008, Defendants filed a Schedule 14A; to the extent that the allegations
purport to excerpt or describe the Schedule 14A, the TCI Defendants aver that
the filing speaks for itself and respectfully refer the Court to the filing for
its complete contents.</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-indent:72.8pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-indent:72.8pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">90.&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; Except
to the extent that Paragraph 90 of the Complaint states legal conclusions to
which no response is required, the TCI Defendants deny the allegations set
forth in paragraph 90 of the Complaint, except admit that on March&nbsp;10,
2008, Defendants filed a Schedule 14A; to the extent that the allegations
purport to excerpt or describe the Schedule 14A, the TCI Defendants aver that
the filing speaks for itself and respectfully refer the Court to the filing for
its complete contents.</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-indent:72.8pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-indent:72.8pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">91.&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; The
TCI Defendants deny the allegations set forth in paragraph 91 of the Complaint.</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-indent:72.8pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-indent:72.8pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">92.&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; The
TCI Defendants deny the allegations set forth in paragraph 92 of the Complaint,
except admit that on March&nbsp;10, 2008, Defendants filed a Schedule 14A; to
the extent that the allegations purport to excerpt or describe the Schedule
14A, the TCI Defendants aver that the filing speaks for itself and respectfully
refer the Court to the filing for its complete contents.&#160; The TCI Defendants further aver that to the
extent the allegations set forth in paragraph 92 of the Complaint state legal
conclusions, no response is required.</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-indent:72.8pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-indent:72.8pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">93.&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; Except
to the extent that Paragraph 93 of the Complaint sets forth legal conclusions
to which no response is required, the TCI Defendants deny the allegations set
forth in paragraph 93 of the Complaint, except admit that on March&nbsp;10,
2008 Defendants filed a </font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></h3>

<h3 align="center" style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">16</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">

<hr size="3" width="100%" noshade color="#010101" align="left">

</font></h3>

</div>
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<div>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Schedule 14A; to the extent that the allegations purport to excerpt or
describe the Schedule 14A, the TCI Defendants aver that the filing speaks for
itself and respectfully refer the Court to the filing for its complete
contents.</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-indent:72.8pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-indent:72.8pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">94.&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; The
TCI Defendants state that no answer is required to the allegations set forth in
paragraph 94 of the Complaint, as they purport to recite or restate
requirements of the Bylaws; the TCI Defendants aver that those Bylaws speak for
themselves and respectfully refer the Court to the Bylaws for their complete
contents.</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-indent:72.8pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-indent:72.8pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">95.&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; The
TCI Defendants admit the allegations set forth in the first sentence of
paragraph 95 of the Complaint.&#160; The TCI
Defendants deny the allegations set forth in the second sentence of paragraph
95 of the Complaint; to the extent that the allegations purport to excerpt or
describe the Stockholder Notice of Intent to Nominate Persons for Election as
Directors to CSX (the &#147;Notice&#148;), the TCI Defendants aver that the relevant
document speaks for itself and respectfully refer the Court to the Notice for
its complete contents.</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-indent:72.8pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-indent:72.8pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">96.&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; The
TCI Defendants admit the allegations set forth in paragraph 96 of the
Complaint.</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-indent:72.8pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-indent:72.8pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">97.&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; The
TCI Defendants admit the allegations set forth in paragraph 97 of the
Complaint.</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-indent:72.8pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-indent:72.8pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">98.&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; The
TCI Defendants deny the allegations set forth in paragraph 98 of the
Complaint.&#160; The TCI Defendants further
aver that to the extent the allegations set forth in paragraph 98 of the
Complaint state legal conclusions, no response is required.</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-indent:72.8pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></h3>

<p style="font-weight:bold;margin:0in 0in .0001pt;page-break-after:avoid;text-align:center;text-transform:uppercase;"><b><u><font size="2" face="Times New Roman" style="font-size:10.0pt;text-transform:none;">COUNT I</font></u></b></p>

<p style="font-weight:bold;margin:0in 0in .0001pt;page-break-after:avoid;text-align:center;text-transform:uppercase;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></b></p>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-indent:72.8pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">99.&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; The
TCI Defendants reallege and incorporate by reference their answers to
paragraphs 1-98 of the Complaint as if set forth fully herein.</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></h3>

<h3 align="center" style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">17</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">

<hr size="3" width="100%" noshade color="#010101" align="left">

</font></h3>

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<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-indent:72.8pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">100.&#160;&#160;&#160;&#160;&#160;&#160;&#160; Except
to the extent that paragraph 100 of the Complaint sets for legal conclusions to
which no response is required, the TCI Defendants deny the allegations set
forth in paragraph 100 of the Complaint.</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-indent:72.8pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-indent:72.8pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">101.&#160;&#160;&#160;&#160;&#160;&#160;&#160; Except
to the extent that paragraph 101 of the Complaint sets forth legal conclusions
to which no response is required, the TCI Defendants deny the allegations set
forth in paragraph 101 of the Complaint.</font></h3>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-indent:72.8pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">102.&#160;&#160;&#160;&#160;&#160;&#160;&#160; Except
to the extent that paragraph 102 of the Complaint sets forth legal conclusions
to which no response is required, the TCI Defendants deny the allegations set
forth in paragraph 102 of the Complaint.</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-indent:72.8pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-indent:72.8pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">103.&#160;&#160;&#160;&#160;&#160;&#160;&#160; Except
to the extent that paragraph 103 of the Complaint sets forth legal conclusions
to which no response is required, the TCI Defendants deny the allegations set
forth in paragraph 103 of the Complaint.</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-indent:72.8pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-indent:72.8pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">104.&#160;&#160;&#160;&#160;&#160;&#160;&#160; The
TCI Defendants deny the allegations set forth in paragraph 104 of the
Complaint.</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-indent:72.8pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-indent:72.8pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">105.&#160;&#160;&#160;&#160;&#160;&#160;&#160; Except
to the extent that paragraph 105 of the Complaint sets forth legal conclusions
to which no response is required, the TCI Defendants deny the allegations set
forth in paragraph 105 of the Complaint.</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-indent:72.8pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-indent:72.8pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">106.&#160;&#160;&#160;&#160;&#160;&#160;&#160; Except
to the extent that paragraph 106 of the Complaint sets forth legal conclusions
to which no response is required, the TCI Defendants deny the allegations set
forth in paragraph 106 of the Complaint.</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-indent:72.8pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></h3>

<p style="font-weight:bold;margin:0in 0in .0001pt;page-break-after:avoid;text-align:center;text-transform:uppercase;"><b><u><font size="2" face="Times New Roman" style="font-size:10.0pt;text-transform:none;">COUNT II</font></u></b></p>

<p style="font-weight:bold;margin:0in 0in .0001pt;page-break-after:avoid;text-align:center;text-transform:uppercase;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></b></p>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-indent:72.8pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">107.&#160;&#160;&#160;&#160;&#160;&#160;&#160; The
TCI Defendants reallege and incorporate by reference their answers to
paragraphs 1-106 of the Complaint as if set forth fully herein.</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></h3>

<h3 align="center" style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">18</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">

<hr size="3" width="100%" noshade color="#010101" align="left">

</font></h3>

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<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-indent:72.8pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">108.&#160;&#160;&#160;&#160;&#160;&#160;&#160; Except
to the extent that paragraph 108 of the Complaint sets forth legal conclusions
to which no response is required, the TCI Defendants deny the allegations set
forth in paragraph 108 of the Complaint.</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-indent:72.8pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-indent:72.8pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">109.&#160;&#160;&#160;&#160;&#160;&#160;&#160; Except
to the extent that paragraph 109 of the Complaint sets forth legal conclusions
to which no response is required, the TCI Defendants deny the allegations set
forth in paragraph 109 of the Complaint.</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-indent:72.8pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-indent:72.8pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">110.&#160;&#160;&#160;&#160;&#160;&#160;&#160; Except
to the extent that paragraph 110 of the Complaint sets forth legal conclusions
to which no response is required, the TCI Defendants deny the allegations set
forth in paragraph 110 of the Complaint.</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-indent:72.8pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-indent:72.8pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">111.&#160;&#160;&#160;&#160;&#160;&#160;&#160; Except
to the extent that paragraph 111 of the Complaint sets forth legal conclusions
to which no response is required, the TCI Defendants deny the allegations set
forth in paragraph 111 of the Complaint.</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-indent:72.8pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-indent:72.8pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">112.&#160;&#160;&#160;&#160;&#160;&#160;&#160; Except
to the extent that paragraph 112 of the Complaint sets forth legal conclusions
to which no response is required, the TCI Defendants deny the allegations set
forth in paragraph 112 of the Complaint.</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-indent:72.8pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-indent:72.8pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">113.&#160;&#160;&#160;&#160;&#160;&#160;&#160; Except
to the extent that paragraph 113 of the Complaint sets forth legal conclusions
to which no response is required, the TCI Defendants deny the allegations set
forth in paragraph 113 of the Complaint.</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-indent:72.8pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-indent:72.8pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">114.&#160;&#160;&#160;&#160;&#160;&#160;&#160; Except
to the extent that paragraph 114 of the Complaint sets forth legal conclusions
to which no response is required, the TCI Defendants deny the allegations set
forth in paragraph 114 of the Complaint.</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></h3>

<h3 align="center" style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">19</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">

<hr size="3" width="100%" noshade color="#010101" align="left">

</font></h3>

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<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-indent:72.8pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">115.&#160;&#160;&#160;&#160;&#160;&#160;&#160; Except
to the extent that paragraph 115 of the Complaint sets forth legal conclusions
to which no response is required, the TCI Defendants deny the allegations set
forth in paragraph 115 of the Complaint.</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-indent:72.8pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-indent:72.8pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">116.&#160;&#160;&#160;&#160;&#160;&#160;&#160; The
TCI Defendants deny the allegations set forth in paragraph 116 of the Complaint<b>, </b>and aver that the schedule disclosing the information
regarding Defendants&#146; controlling persons was filed in the last amendment to
Defendants&#146; Schedule 13D, in accordance with a representation made to the staff
of the SEC on February&nbsp;20, 2008 to disclose this information at the time
that a 13D amendment was otherwise required to be filed.&#160; The TCI Defendants further aver that to the
extent the allegations set forth in paragraph 116 of the Complaint state legal
conclusions, no response is required.</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-indent:72.8pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-indent:72.8pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">117.&#160;&#160;&#160;&#160;&#160;&#160;&#160; The
TCI Defendants admit that they did not file copies of the agreements governing
their swap arrangements and copies of the nominee agreements as exhibits to
their December&nbsp;19, 2007 Schedule 13D.&#160;
The TCI Defendants further aver that to the extent the allegations set
forth in paragraph 117 of the Complaint state legal conclusions, no response is
required.</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-indent:72.8pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-indent:72.8pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">118.&#160;&#160;&#160;&#160;&#160;&#160;&#160; Except
to the extent that paragraph 118 of the Complaint sets forth legal conclusions
to which no response is required, the TCI Defendants deny the allegations set
forth in paragraph 118 of the Complaint as they relate to the TCI Defendants
and deny information and belief sufficient to form a belief as to the truth of
those allegations as they pertain to the 3G Defendants.</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-indent:72.8pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-indent:72.8pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">119.&#160;&#160;&#160;&#160;&#160;&#160;&#160; Except
to the extent that paragraph 119 of the Complaint sets forth legal conclusions
to which no response is required, the TCI Defendants deny the allegations set
forth in paragraph 119 of the Complaint.</font></h3>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">20</font></p>

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<div>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-indent:72.8pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">120.&#160;&#160;&#160;&#160;&#160;&#160;&#160; Except
to the extent that paragraph 120 of the Complaint sets forth legal conclusions
to which no response is required, the TCI Defendants deny the allegations set
forth in paragraph 120 of the Complaint.</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-indent:72.8pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></h3>

<p style="font-weight:bold;margin:0in 0in .0001pt;page-break-after:avoid;text-align:center;text-transform:uppercase;"><b><u><font size="2" face="Times New Roman" style="font-size:10.0pt;text-transform:none;">COUNT III</font></u></b></p>

<p style="font-weight:bold;margin:0in 0in .0001pt;page-break-after:avoid;text-align:center;text-transform:uppercase;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></b></p>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-indent:72.8pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">121.&#160;&#160;&#160;&#160;&#160;&#160;&#160; The
TCI Defendants reallege and incorporate by reference their answers to
paragraphs 1-120 of the Complaint as if set forth fully herein.</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-indent:72.8pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-indent:72.8pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">122.&#160;&#160;&#160;&#160;&#160;&#160;&#160; The
TCI Defendants deny the allegations set forth in paragraph 122 of the Complaint
as they pertain to them and deny knowledge or information sufficient to form a
belief as to the truth of those allegations as they pertain to defendant
Alexandre Behring&#146;s control or influence over the conduct of any other
defendants.</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-indent:72.8pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-indent:72.8pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">123.&#160;&#160;&#160;&#160;&#160;&#160;&#160; The
TCI Defendants deny the allegations set forth in paragraph 123 of the
Complaint.</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-indent:72.8pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-indent:72.8pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">124.&#160;&#160;&#160;&#160;&#160;&#160;&#160; The
TCI Defendants deny the allegations set forth in paragraph 124 of the
Complaint.</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-indent:72.8pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-indent:72.8pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">125.&#160;&#160;&#160;&#160;&#160;&#160;&#160; The
TCI Defendants state that the allegations set forth in paragraph 125 of the
Complaint state legal conclusions as to which no answer is required.</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-indent:72.8pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></h3>

<p style="font-weight:bold;margin:0in 0in .0001pt;page-break-after:avoid;text-align:center;text-transform:uppercase;"><b><u><font size="2" face="Times New Roman" style="font-size:10.0pt;text-transform:none;">COUNT IV</font></u></b></p>

<p style="font-weight:bold;margin:0in 0in .0001pt;page-break-after:avoid;text-align:center;text-transform:uppercase;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></b></p>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-indent:72.8pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">126.&#160;&#160;&#160;&#160;&#160;&#160;&#160; The
TCI Defendants reallege and incorporate by reference their answers to
paragraphs 1-125 of the Complaint as if set forth fully herein.</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-indent:72.8pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-indent:72.8pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">127.&#160;&#160;&#160;&#160;&#160;&#160;&#160; The
TCI Defendants state that the allegations set forth in paragraph 127 of the
Complaint state legal conclusions as to which no answer is required.</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-indent:72.8pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-indent:72.8pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">128.&#160;&#160;&#160;&#160;&#160;&#160;&#160; The
TCI Defendants state that the allegations set forth in paragraph 128 of the
Complaint state legal conclusions as to which no answer is required; to the
extent a response is required, TCI Defendants deny the allegations set forth in
paragraph 128 of the Complaint.</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></h3>

<h3 align="center" style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">21</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">

<hr size="3" width="100%" noshade color="#010101" align="left">

</font></h3>

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<div>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-indent:72.8pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">129.&#160;&#160;&#160;&#160;&#160;&#160;&#160; The
TCI Defendants state that no answer is required to the allegations set forth in
paragraph 129 of the Complaint, as they purport to recite or restate
requirements of the Bylaws; the TCI Defendants aver that those Bylaws speak for
themselves and respectfully refer the Court to the Bylaws for their complete
contents.</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-indent:72.8pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-indent:72.8pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">130.&#160;&#160;&#160;&#160;&#160;&#160;&#160; The
TCI Defendants deny the allegations set forth in paragraph 130 of the
Complaint, except admit that on January&nbsp;8, 21, and 25, 2008, Defendants
supplied to CSX Notices of their intent to nominate five persons for election
to the CSX Board of Directors at the 2008 annual meeting of shareholders and to
propose amendments to the Bylaws (collectively the &#147;Notices&#148;), in compliance
with Article&nbsp;I, Section&nbsp;11 of the Bylaws.</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-indent:72.8pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-indent:72.8pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">131.&#160;&#160;&#160;&#160;&#160;&#160;&#160; Except
to the extent that paragraph 131 of the Complaint states conclusions of law to
which no response is required, the TCI Defendants deny the allegations set
forth in paragraph 131 of the Complaint.</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-indent:72.8pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-indent:72.8pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">132.&#160;&#160;&#160;&#160;&#160;&#160;&#160; Except
to the extent that paragraph 132 of the Complaint states conclusions of law to
which no response is required, the TCI Defendants deny the allegations set
forth in paragraph 132 of the Complaint.</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-indent:72.8pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></h3>

<p style="font-weight:bold;margin:0in 0in .0001pt;page-break-after:avoid;text-align:center;text-transform:uppercase;"><b><u><font size="2" face="Times New Roman" style="font-size:10.0pt;text-transform:none;">AFFIRMATIVE DEFENSES</font></u></b></p>

<p style="font-weight:bold;margin:0in 0in .0001pt;page-break-after:avoid;text-align:center;text-transform:uppercase;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></b></p>

<p style="font-weight:bold;margin:0in 0in .0001pt;page-break-after:avoid;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;">FIRST
DEFENSE</font></b></p>

<p style="font-weight:bold;margin:0in 0in .0001pt;page-break-after:avoid;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></b></p>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-indent:72.8pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">133.&#160;&#160;&#160;&#160;&#160;&#160;&#160; The
Complaint fails to state a claim upon which relief may be granted.</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-indent:72.8pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></h3>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">SECOND DEFENSE</font></b></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-indent:72.8pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">134.&#160;&#160;&#160;&#160;&#160;&#160;&#160; The
purported misrepresentations and omissions in the Complaint are not material.</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-indent:72.8pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></h3>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">THIRD DEFENSE</font></b></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-indent:72.8pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">135.&#160;&#160;&#160;&#160;&#160;&#160;&#160; CSX
and CSX shareholders have not suffered any injuries as a result of the conduct
alleged in the Complaint.</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></h3>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">22</font></p>

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<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">FOURTH DEFENSE</font></b></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-indent:72.8pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">136.&#160;&#160;&#160;&#160;&#160;&#160;&#160; The
injuries CSX alleges in the Complaint were not caused by any conduct of the
Defendants.</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-indent:72.8pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></h3>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">FIFTH DEFENSE</font></b></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-indent:72.8pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">137.&#160;&#160;&#160;&#160;&#160;&#160;&#160; The
claims in the Complaint are barred by the doctrines of waiver, acquiescence,
and estoppel.</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-indent:72.8pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></h3>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">SIXTH DEFENSE</font></b></p>

<p style="line-height:normal;margin:0in 0in .0001pt;text-indent:1.0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-indent:72.8pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">138.&#160;&#160;&#160;&#160;&#160;&#160;&#160; CSX&#146;s
equitable claims are barred by the doctrine of unclean hands.</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-indent:72.8pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></h3>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">SEVENTH DEFENSE</font></b></p>

<p style="line-height:normal;margin:0in 0in .0001pt;text-indent:1.0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-indent:72.8pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">139.&#160;&#160;&#160;&#160;&#160;&#160;&#160; The
Complaint fails to raise a justiciable case or controversy.</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-indent:72.8pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></h3>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">EIGHTH DEFENSE</font></b></p>

<p style="line-height:normal;margin:0in 0in .0001pt;text-indent:1.0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-indent:72.8pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">140.&#160;&#160;&#160;&#160;&#160;&#160;&#160; The
claims in the Complaint are barred by the doctrines of laches and delay.</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-indent:72.8pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></h3>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">NINTH DEFENSE</font></b></p>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-indent:1.0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-indent:72.8pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">141.&#160;&#160;&#160;&#160;&#160;&#160;&#160; In
proposing bylaw amendments and putting forth nominees for the CSX Board of
Directors, TCI fully complied with the notice requirements contained in the
Bylaws.</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-indent:72.8pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></h3>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">TENTH DEFENSE</font></b></p>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-indent:1.0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-indent:72.8pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">142.&#160;&#160;&#160;&#160;&#160;&#160;&#160; CSX&#146;s
requirement that a shareholder provide notice that the shareholder intends to
propose a bylaw amendment is inconsistent with Virginia law.</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-indent:72.8pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></h3>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">ELEVENTH DEFENSE</font></b></p>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-indent:1.0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-indent:72.8pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">143.&#160;&#160;&#160;&#160;&#160;&#160;&#160; CSX&#146;s
claims are moot because the allegedly misleading statements have already been
cured.</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></h3>

<h3 align="center" style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">23</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">

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<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></h3>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">TWELFTH DEFENSE</font></b></p>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-indent:1.0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-indent:72.8pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">144.&#160;&#160;&#160;&#160;&#160;&#160;&#160; CSX
lacks standing to assert the claims contained in the Complaint.</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-indent:72.8pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></h3>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">THIRTEENTH DEFENSE</font></b></p>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-indent:1.0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-indent:72.8pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">145.&#160;&#160;&#160;&#160;&#160;&#160;&#160; CSX&#146;s
claims are barred by the doctrine of <i>in pari
delicto</i>.</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></h3>

<h3 align="center" style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">24</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">

<hr size="3" width="100%" noshade color="#010101" align="left">

</font></h3>

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<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></h3>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><u><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">COUNTERCLAIMS AND THIRD-PARTY CLAIM</font></u></b></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-indent:1.0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Counterclaim and Third-Party Plaintiff The Children&#146;s Investment Master
Fund, as and for its Counterclaims against Counterclaim Defendant CSX and its
Claim against Third-Party Defendant Michael Ward, alleges as follows:</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></h3>

<p style="font-weight:bold;margin:0in 0in .0001pt;page-break-after:avoid;text-align:center;"><b><u><font size="2" face="Times New Roman" style="font-size:10.0pt;">INTRODUCTION</font></u></b></p>

<p style="font-weight:bold;margin:0in 0in .0001pt;page-break-after:avoid;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></b></p>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-indent:1.0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">1.</font><font size="2" style="font-size:10.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; The lawsuit filed by
CSX Corporation is the latest step in a long series of scorched earth tactical
maneuvers by its Board of Directors and CEO Michael Ward aimed at preventing at
any cost CSX&#146;s owners from even considering proposals that would strengthen CSX&#146;s
corporate governance procedures and provide CSX shareholders with a long
overdue, meaningful voice in shaping the company&#146;s future direction.&#160; Indeed, the directors of CSX have gone to
extraordinary lengths to entrench themselves in their current positions,
including withholding from shareholders material facts regarding the Board&#146;s
violation of its own insider trading policies, code of ethics and bylaws, while
at the same time enriching themselves by setting certain &#147;spring-loaded&#148; stock
grants for CSX insiders while in possession of material nonpublic information.</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-indent:1.0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-indent:1.0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">2.</font><font size="2" style="font-size:10.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; CSX&#146;s lawsuit has nothing
whatsoever to do with CSX&#146;s professed concern that shareholders have inadequate
information to make an informed vote at the June&nbsp;25, 2008 annual
shareholders meeting (the &#147;Shareholders Meeting&#148;).&#160; To be sure, all of the material information
about which CSX claims shareholders should be informed (<i>e.g.</i>,
TCI and 3G&#146;s alleged beneficial ownership of CSX stock) already has been put
before CSX shareholders in SEC filings, CSX press releases and media coverage
of this dispute.&#160; Further, CSX could have
alleged more than one year ago that TCI misstated its beneficial ownership of
CSX stock.&nbsp; However, it strategically waited until after the record date
had passed in order to evaluate the </font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></h3>

<h3 align="center" style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">25</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">

<hr size="3" width="100%" noshade color="#010101" align="left">

</font></h3>

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<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">shareholder
base and likely outcome of the 2008 Board election.&nbsp; CSX has used
this&nbsp;lawsuit to reset the record date to a future date in the hope of
manipulating a more favorable vote outcome.</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-indent:1.0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-indent:1.0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">3.&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; As set forth herein, CSX Corporation and CEO Michael
Ward (the &#147;CSX Defendants&#148;) have committed violations of the federal securities
laws through materially false and misleading disclosures concerning, among
other things: (i)&nbsp;compensation set and awarded to directors and senior
management of CSX while the Board and senior management were aware of material
nonpublic information in violation of CSX&#146;s Insider Trading Policy, (ii)&nbsp;the
nature of the bylaw amendments that the company has submitted for shareholder
approval, and (iii)&nbsp;TCI.</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-indent:1.0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-indent:1.0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">4.&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">At the Shareholders Meeting,
CSX shareholders will cast their proxies to elect directors to CSX&#146;s Board and
vote on certain proposals relating to corporate governance, some of which
relate to the Bylaws.&#160; CSX shareholders,
including TCI, have been critical of the Board&#146;s failure to address a myriad of
corporate governance issues, including that of excessive compensation to CSX
senior management.&#160; </font><font size="2" style="font-size:10.0pt;">As part of its
public and private campaign to block TCI&#146;s slate of directors and bylaw
proposals, which call for greater shareholder input in corporate governance
from consideration at the Shareholders Meeting, CSX has omitted material
information from its own disclosures and engaged in a scurrilous campaign of
unlawful falsehoods, in violation of federal and Virginia state law.</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-indent:1.0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-indent:1.0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">5.</font><font size="2" style="font-size:10.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; On the very day that
CSX filed its lawsuit, its Chairman, President and Chief Executive Officer,
Michael Ward, falsely proclaimed, &#147;We filed this suit against TCI and 3G to
ensure that all of our shareholders receive complete and accurate information
about the group&#146;s holdings, agreements, plans and motivations to which they are
entitled under federal securities laws.&#160;
We are committed to protecting the interests of all CSX shareholders.&#148;</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></h3>

<h3 align="center" style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">26</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">

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</font></h3>

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<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-indent:1.0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">6.</font><font size="2" style="font-size:10.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; However, despite
these self-proclaimed goals, the CSX Defendants said absolutely nothing to CSX&#146;s
shareholders regarding TCI&#146;s alleged beneficial ownership interest in CSX
common stock for over a year, even though, by their own admission, they were
aware of those purported positions since February&nbsp;2007 (Compl. &#182;&nbsp;4),
and had numerous opportunities to raise this issue to, in Mr.&nbsp;Ward&#146;s
words, &#147;ensure that all of [CSX&#146;s] shareholders receive complete and accurate
information . . . .&#148;</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-indent:1.0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-indent:1.0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">7.</font><font size="2" style="font-size:10.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; TCI has invested over
$3 billion in the continued success of CSX through the purchase of common stock
and through investment vehicles known as cash-settled &#147;total return swaps,&#148; a
fact that was disclosed in TCI&#146;s Schedule 13D filed on December&nbsp;19,
2007.&#160; Pursuant to these cash-settled
swap transactions, TCI entered into agreements with investment bank and
broker-dealer counterparties (the &#147;swap counterparties&#148;) through which TCI&#146;s
investments with the swap counterparties were tied to the economic movement of
CSX&#146;s common stock.&#160; Through such swaps,
TCI was exposed to any economic benefit or loss associated with being an owner
of CSX shares, but had none of the ownership rights commonly associated with
equity ownership, including the right to vote the shares referenced in the
swaps.&#160; In fact, the swap agreements
contain no requirement that the swap counterparties even own any underlying CSX
shares.</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-indent:1.0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-indent:1.0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">8.</font><font size="2" style="font-size:10.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; Moreover, TCI did not
enter into any agreements, arrangements or understandings of any kind with its
swap counterparties concerning how those swap counterparties will vote the CSX
shares they hold (if any).&#160; Nor did TCI
enter into any agreements, arrangements or understandings that gave TCI the
right to purchase the CSX shares (if any) held by those swap counterparties.</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></h3>

<h3 align="center" style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">27</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">

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<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-indent:1.0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">9.</font><font size="2" style="font-size:10.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; Indeed, all of the
material information regarding TCI&#146;s investment in CSX is public.</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-indent:1.0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-indent:1.0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">10.</font><font size="2" style="font-size:10.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; In CSX&#146;s Form&nbsp;10-Q
for the quarter ending March&nbsp;30, 2007, CSX included a disclosure
indicating that it had received a Hart-Scott-Rodino notice from TCI and stated
that TCI held economic exposure through derivative contracts tied to the value
of the CSX stock.</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-indent:1.0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-indent:1.0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">11.</font><font size="2" style="font-size:10.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; On May&nbsp;15, 2007,
in its Form&nbsp;13-F filing with the SEC, TCI disclosed beneficial ownership
of 17,796,998 shares of CSX common stock.&#160;
TCI made additional Form&nbsp;13-F filings on August&nbsp;14, 2007 and November&nbsp;14,
2007 with identical disclosures regarding the size of its common stock
investment.</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-indent:1.0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-indent:1.0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">12.</font><font size="2" style="font-size:10.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; On October&nbsp;16,
2007, TCI wrote a public letter to the Board stating that it &#147;currently owns
17.8 million shares, or 4.1% of CSX.&#148;&#160;
The Board responded to TCI&#146;s letter on November&nbsp;16, 2007 and did
not raise any disagreement regarding TCI&#146;s beneficial ownership.</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-indent:1.0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-indent:1.0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">13.</font><font size="2" style="font-size:10.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; Eight months after CSX
disclosed that TCI had economic exposure to CSX, on December&nbsp;19, 2007, TCI
filed a Schedule 13D with the SEC that disclosed TCI&#146;s beneficial ownership
interest in CSX common stock, the same amount disclosed in May, August&nbsp;and
November, as well as its swap positions.&#160;
In that filing, TCI explicitly stated that it:</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-indent:1.0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></h3>

<p style="margin:0in 1.0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">currently [has] contractual agreements with
eight credit counterparties:&#160; Citigroup
Global Markets Limited, Deutsche Bank AG, Goldman Sachs International, Merrill
Lynch International, UBS AG, Credit Suisse Securities (Europe) Limited, JP Morgan
Chase Bank and Morgan Stanley&nbsp;&amp; Co. International plc (f/k/a Morgan
Stanley&nbsp;&amp; Co. International Limited), with regard to cash-settled
equity swaps (the &#147;TCI Total Return Swaps&#148;) that reference Shares of the
Issuer.&#160; The TCI Total Return Swaps
constitute economic exposure to approximately 11% of the Shares.&#160; These contracts do not give [TCI] direct or
indirect voting, investment or dispositive control over any securities of the
Issuer and do not require the counterparties thereto to acquire, hold, vote or
dispose </font></p>

<p style="margin:0in 1.0in .0001pt 0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">28</font></p>

<div style="margin:0in 0in .0001pt;"><hr size="3" width="100%" noshade color="#010101" align="left"></div>

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<p style="margin:0in 1.0in .0001pt 0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 1.0in .0001pt 0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 1.0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">of any securities of the Issuer.&#160; Accordingly, [TCI] disclaim[s] any beneficial
ownership in securities that may be referenced in such contracts or that may be
held from time to time by any counterparties to the contracts.</font></p>

<p style="margin:0in 1.0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-indent:1.0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">14.</font><font size="2" style="font-size:10.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; Furthermore, on January&nbsp;8,
2008, TCI submitted to CSX its notification of the TCI slate of directors for
the CSX Board (the &#147;Notice&#148;).&#160; </font><font size="2" style="font-size:10.0pt;">Following that,
TCI engaged in discussions with CSX representatives about potential
representation on the CSX Board. &nbsp;Over the course of several rounds of
communications, TCI agreed to make many concessions. &nbsp;For its part, CSX
repeatedly changed its terms and never made a firm offer. &nbsp;In the end, CSX
representatives simply stopped returning telephone calls and ceased all communications
on this issue.</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-indent:1.0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-indent:1.0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">15.&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; TCI&#146;s January&nbsp;8,
2008 Notice pr</font><font size="2" style="font-size:10.0pt;">ovided details of both TCI&#146;s ownership interest in
CSX common stock and its total return swap positions.&#160; The Notice explicitly stated, &#147;If, however,
you believe that this Notice for any reason does not comply with the Bylaw
Provisions or is otherwise insufficient or defective in any respect, [TCI]
requests that you so notify it on or prior to . . . Monday, January&nbsp;14,
2008.&#148;</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-indent:1.0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-indent:1.0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">16.</font><font size="2" style="font-size:10.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; On January&nbsp;15,
2008, TCI received a letter from Ellen M. Fitzsimmons, General Counsel of CSX,
acknowledging receipt of the Notice (the &#147;Response Letter&#148;).&#160; The Response Letter pointed to only one
supposed defect in the Notice, stating that CSX took the position that TCI
could not reserve the right to nominate alternate nominees because the Bylaws
prohibit such nominees.</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-indent:1.0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-indent:1.0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">17.</font><font size="2" style="font-size:10.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; The Response Letter
made no mention of the beneficial ownership issue now at the core of CSX&#146;s
claims.&#160; Rather, the letter merely
required that TCI provide copies of the nomination agreements.</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></h3>

<h3 align="center" style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">29</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">

<hr size="3" width="100%" noshade color="#010101" align="left">

</font></h3>

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<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-indent:1.0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">18.</font><font size="2" style="font-size:10.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; In a letter dated January&nbsp;16,
2008, TCI specifically noted that, other than TCI&#146;s reservation of rights to
nominate alternate nominees, the Response Letter &#147;does not reference any
deficiency with regard to the Notice and therefore we deem the Corporation&#146;s
response to be an acknowledgement that advance notice has been properly given
under Section&nbsp;11(a)(ii)&nbsp;of the Bylaws of the Corporation.&#148;&#160; TCI included the requested nomination
agreements with its letter.</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-indent:1.0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-indent:1.0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">19.</font><font size="2" style="font-size:10.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; CSX did not deny the
acknowledgement or otherwise respond to the January&nbsp;16, 2008 letter.</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-indent:1.0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-indent:1.0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">20.</font><font size="2" style="font-size:10.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; In fact, in a public
letter from the Board to Chris Hohn, dated February&nbsp;14, 2008, CSX
acknowledged TCI&#146;s &#147;ownership of only 4% of the shares.&#148;</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-indent:1.0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-indent:1.0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">21.</font><font size="2" style="font-size:10.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; On March&nbsp;17, 2008,
CSX filed this lawsuit, alleging for the first time that there were
deficiencies in the Notice.&#160; CSX
deliberately waited to bring this lawsuit until two months after receiving TCI&#146;s
January&nbsp;16, 2008 letter and weeks after its record date of February&nbsp;27,
2007 had passed.&#160; CSX had assessed the
likelihood that it would lose Board seats to the TCI/3G slate of nominees.&#160; Rather than going to the ballot box, CSX
seeks legal intervention in order to (i)&nbsp;deprive TCI of the opportunity to
address CSX&#146;s purported concerns in a timely manner; (ii)&nbsp;deprive CSX
shareholders of an opportunity to vote at the Shareholders Meeting for anyone
other than CSX&#146;s slate of directors; and (iii)&nbsp;deprive CSX shareholders of
a choice between competing bylaw proposals at the Shareholders Meeting.&#160; CSX strategically waited until after the
record date had passed in order to evaluate the shareholder base and likely
outcome of the 2008 Board election.&nbsp; CSX has used this&nbsp;lawsuit to
reset the record date to a future date in the hope of manipulating a more
favorable vote outcome.</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></h3>

<h3 align="center" style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">30</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">

<hr size="3" width="100%" noshade color="#010101" align="left">

</font></h3>

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<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-indent:1.0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">22.</font><font size="2" style="font-size:10.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; Under</font><font size="2" style="font-size:10.0pt;"> the Bylaws, a
shareholder must notify the company with regard to any matter it wishes to
raise at the annual meeting no less than 90 days prior to the one year
anniversary of the previous year&#146;s annual meeting date (the &#147;Notice Period&#148;).&#160; Thus, under the Bylaws, the last date on
which TCI (or any other shareholder for that matter) could have submitted a
notice in compliance with CSX&#146;s Bylaws was February&nbsp;1, 2008</font><font size="2" style="font-size:10.0pt;">.</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-indent:1.0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-indent:1.0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">23.</font><font size="2" style="font-size:10.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; Although the CSX
Defendants, who purportedly believed that TCI had a beneficial ownership
interest in TCI for at least a year (Compl. &#182;&nbsp;4), could have notified TCI
of alleged deficiencies in the Notice immediately after TCI submitted the
Notice to CSX, the CSX Defendants deliberately said nothing, choosing instead
to file this lawsuit outside the Notice Period, thereby preventing TCI from
responding to any of CSX&#146;s concerns in time to have its slate of directors
considered for the Shareholders Meeting.</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-indent:1.0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-indent:1.0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">24.</font><font size="2" style="font-size:10.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; In short, Mr.&nbsp;Ward&#146;s
March&nbsp;17, 2008 statement that he and the company were merely motivated by
their desire to ensure that CSX shareholders &#147;receive complete and accurate
information about [TCI&#146;s] holdings, agreement, plans and motivations&#148; prior to
the annual shareholder meeting was false.&#160;
The CSX Defendants&#146; true (but undisclosed) intention was to deprive TCI
of its ability to submit a minority slate of directors and certain Bylaw
amendments for shareholder approval at the Shareholders Meeting.&#160; The CSX Defendants seek nothing less than to
silence their critics.</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-indent:1.0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-indent:1.0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">25.</font><font size="2" style="font-size:10.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">CSX&#146;s</font><font size="2" style="font-size:10.0pt;"> filing of this
lawsuit is only the Board&#146;s most recent step in its campaign to entrench itself
by whatever means necessary.&#160; Thus,
contrary to the representation made by CSX in its November&nbsp;16, 2007
response to a TCI letter, </font><font size="2" style="font-size:10.0pt;">that the &#147;Board constantly challenges the CSX
management to improve the company&#146;s performance [and] [a]s part of that
process, the Board is always receptive to ideas from shareholders,&#148; the Board
rebuffed TCI&#146;s </font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></h3>

<h3 align="center" style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">31</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">

<hr size="3" width="100%" noshade color="#010101" align="left">

</font></h3>

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<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">requests
to meet t</font><font size="2" style="font-size:10.0pt;">o discuss TCI&#146;s concern with the company&#146;s management, corporate
governance issues and executive compensation policies.&#160; The Board&#146;s failure to respond is further
contrary to </font><font size="2" style="font-size:10.0pt;">CSX&#146;s Corporate Governance Guidelines, which directs
the presiding director</font><font size="2" style="font-size:10.0pt;">  </font><font size="2" style="font-size:10.0pt;">to be &#147;available for direct communications
with major shareholders as appropriate,&#148;&#160;
</font><font size="2" style="font-size:10.0pt;">Indeed, it is only after the Board and key management refused numerous
overtures by TCI to engage in a dialogue regarding ways to generate shareholder
value and improve corporate governance that TCI decided to propose its own
slate and bylaw proposals.</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-indent:1.0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-indent:1.0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">26.</font><font size="2" style="font-size:10.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; In addition, as part of
CSX&#146;s public campaign to entrench the Board, the CSX Defendants made numerous
false and misleading statements and omissions in CSX&#146;s Schedule 14A Preliminary
Proxy Statement, filed on February&nbsp;21, 2008, and amended on February&nbsp;22,
2008 (the &#147;CSX Proxy&#148;), including disclosures regarding:&#160; (i)&nbsp;CSX&#146;s use of material nonpublic
information to personally enrich the Board and CSX executives, including Mr.&nbsp;Ward,
through the improper use of executive compensation plans; (ii)&nbsp;CSX&#146;s
proposal concerning special shareholder meetings; and (iii)&nbsp;the intentions
and goals of TCI.</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-indent:1.0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></h3>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><u><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">THE PARTIES</font></u></b></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-indent:1.0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">27.</font><font size="2" style="font-size:10.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; Counterclaim Plaintiff
The Children&#146;s Investment Master Fund is a Cayman Islands company.</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-indent:1.0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-indent:1.0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">28.</font><font size="2" style="font-size:10.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; Counterclaim Defendant
CSX Corporation is a Virginia corporation with its principal place of business
in Jacksonville, Florida.</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-indent:1.0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-indent:1.0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">29.</font><font size="2" style="font-size:10.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; Third-Party Defendant
Michael Ward is the Chairman, President and CEO of CSX Corporation.&#160; At all relevant times, Mr.&nbsp;Ward
maintained discretionary authority to control or influence the conduct of CSX
Corporation and is a controlling person within the meaning of Section&nbsp;20(a)&nbsp;of
the Securities Exchange of 1934 (the &#147;Exchange Act&#148;).</font></h3>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">32</font></p>

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<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="font-weight:bold;margin:0in 0in .0001pt;page-break-after:auto;text-align:center;text-transform:uppercase;"><b><u><font size="2" face="Times New Roman" style="font-size:10.0pt;text-transform:none;">JURISDICTION AND VENUE</font></u></b></p>

<p style="font-weight:bold;margin:0in 0in .0001pt;page-break-after:auto;text-align:center;text-transform:uppercase;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></b></p>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-indent:1.0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">30.</font><font size="2" style="font-size:10.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; This Court has
jurisdiction over the subject matter of this action based upon 28 U.S.C. &#167;&#167;
1331, 1332, 1367 and Section&nbsp;27 of the Exchange Act, 15 U.S.C. &#167; 78aa.</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-indent:1.0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-indent:1.0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">31.</font><font size="2" style="font-size:10.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; Venue in this district
is proper pursuant to Section&nbsp;27 of the Exchange Act, 15 U.S.C.
&#167;&nbsp;78aa, and 28 U.S.C. &#167;&nbsp;1391(d).</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-indent:1.0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></h3>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><u><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">CSX&#146;s Proxy Statement is
False and Misleading</font></u></b></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-indent:1.0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">32.</font><font size="2" style="font-size:10.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; Section&nbsp;14(a)&nbsp;of
the Exchange Act and the Rules&nbsp;promulgated thereunder prohibit the
solicitation of proxies based on false and misleading information.&#160; Specifically, Rule&nbsp;14a-9&#160; provides that &#147;[n]o solicitation subject to
this regulation shall be made by means of any proxy statement . . . containing
any statement which, at the time and in the light of the circumstances under
which it is made, is false or misleading with respect to any material fact, or
which omits to state any material fact necessary in order to make the
statements therein not false or </font><font size="2" style="font-size:10.0pt;">misleading.&#148;&#160; 17
C.F.R. &#167;&nbsp;240.14a-9.</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-indent:1.0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-indent:1.0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">33.</font><font size="2" style="font-size:10.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; Proxy statements issued
pursuant to Section&nbsp;14(a)&nbsp;of the Exchange Act are made on </font><font size="2" style="font-size:10.0pt;">Schedule 14A,
which mandates the disclosure of specific information.&#160; 17
C.F.R. &#167;&nbsp;240.14a-101. &#160;Item 8
of Schedule 14A </font><font size="2" style="font-size:10.0pt;">incorporates</font><font size="2" style="font-size:10.0pt;"> by reference Item 402 of
Regulation S-K, which requires that the proxy statement explain &#147;all material
elements of the registrant&#146;s compensation of the named executive officers.&#148;&#160; Regulation S-K, Item 402 (b)(1).&#160; Item 402 specifically provides that
disclosure with respect to compensation include &#147;[h]ow the determination is
made as to when awards are granted, including awards of equity-based
compensation . . . .&#148;&#160; In accordance with
the Securities and Exchange Commission&#146;s interpretation, Item 402(b)(2)(iv)&nbsp;of
Regulation S-K requires a corporation to disclose the existence of a program,
plan or practice that coordinates the timing of a grant with material nonpublic
information.</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></h3>

<h3 align="center" style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">33</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">

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<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-indent:1.0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">34.&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; Independent of the
specific requirements of Item 402 of Regulation S-K, CSX has an obligation to
disclose in its proxy solicitation materials the relevant information regarding
equity-based performance grants set and awarded to certain executives and
non-management directors because such information is material to the
shareholders&#146; decision to elect the board that approved those very same stock
grants.</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-indent:1.0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-indent:1.0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">35.&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; In addition, </font><font size="2" style="font-size:10.0pt;">CSX&#146;s Insider
Trading Policy expressly provides that &#147;[n]o CSX officer, employee or director
(including an officer, employee or director of any CSX subsidiary) may
purchase, sell or otherwise conduct transactions in any CSX security while he
or she is aware of material nonpublic information about CSX.&#148;</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-indent:1.0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-indent:1.0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">36.</font><font size="2" style="font-size:10.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; Further, Article&nbsp;II,
Section&nbsp;2(b)&nbsp;of the Bylaws, adopted on September&nbsp;12, 2007,
provides that directors must &#147;comply with all applicable corporate governance,
conflict of interest, confidentiality and securities ownership and trading
policies and guidelines of the Corporation.&#148;</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-indent:1.0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-indent:1.0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">37.</font><font size="2" style="font-size:10.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; Similarly, CSX&#146;s Code
of Ethics, which applies to members of the Board and all officers and employees
of CSX, professes a commitment &#147;to maintaining high ethical and legal standards
in every aspect of its business practices&#148; and instructs directors, officers
and employees to &#147;avoid even the appearance of impropriety in matters involving
legal obligations, the Code of Ethics or other Company policies and procedures.&#148;</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-indent:1.0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></h3>

<p style="font-weight:bold;margin:0in 0in .0001pt;page-break-after:avoid;text-align:center;"><b><u><font size="2" face="Times New Roman" style="font-size:10.0pt;">CSX&#146;s
Proxy Statement Omits Material Information <br>
About Its Executive Compensation Plans</font></u></b></p>

<p style="font-weight:bold;margin:0in 0in .0001pt;page-break-after:avoid;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></b></p>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-indent:1.0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">38.</font><font size="2" style="font-size:10.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; As set forth in greater
detail below, the CSX Defendants violated Rule&nbsp;14a-9 by failing to
disclose material facts regarding (i)&nbsp;the determination of performance
grants to be awarded to management under its Long Term Incentive Plan (&#147;LTIP&#148;);
and (ii)&nbsp;the determination of the amount of stock awarded to Directors as
part of their compensation under </font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></h3>

<h3 align="center" style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">34</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">

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<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">CSX&#146;s
Stock Plan for directors (the &#147;Stock Plan&#148;), including the fact that such
determinations were made while the Board was in possession of material
nonpublic information.</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-indent:1.0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-indent:1.0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">39.&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">Pursuant</font><font size="2" style="font-size:10.0pt;"> to CSX&#146;s
shareholder-approved Omnibus Incentive Plan, the Board may award CSX executives
and employees a variety of equity-based performance compensation.&#160; </font><font size="2" style="font-size:10.0pt;">Nothing in the Omnibus
Incentive Plan, approved by the shareholders, permits equity grants to be set
or issued while the company is aware of material nonpublic information in
violation of CSX&#146;s Insider Trading Policy.</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-indent:1.0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-indent:1.0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">40.&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; The Board currently
issues equity grants to Named Executive Officers (&#147;NEOs&#148;) (including the
company&#146;s CEO Michael Ward, CFO Oscar Munoz, COO Tony Ingram and </font><font size="2" style="font-size:10.0pt;">CCO</font><b><font size="2" style="font-size:10.0pt;font-weight:bold;">  </font></b><font size="2" style="font-size:10.0pt;">Clarence
Gooden) and other employees under the LTIP which enables the Board to pre-set
an amount of CSX common stock for issuance as incentive compensation and award
such stock following the attainment of certain performance criteria.&#160; The number of shares to be awarded is
determined based on the value of the incentive compensation grant divided by
the trading price of CSX stock, <i>i.e.</i>,<i>  </i>the average of the high and low price of CSX stock (the &#147;Trading
Price&#148;), on the grant date.</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-indent:1.0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-indent:1.0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">41.&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; On</font><font size="2" style="font-size:10.0pt;"> May&nbsp;1,
2007, immediately <i>prior</i> to the public disclosure of
material information, CSX set its stock grants under the LTIP for more than 600
employees, including Mr.&nbsp;Ward and the other NEOs, a practice commonly
referred to as &#147;spring-loading.&#148;&#160; On May&nbsp;2,
2007, CSX announced a dividend, and on May&nbsp;8, 2007, CSX made a series of
significant public announcements, the substance of which the Board, Mr.&nbsp;Ward
and certain other NEOs were aware on or prior to May&nbsp;1:&#160; (i)&nbsp;a $1 billion or 50% increase in the
CSX stock repurchase plan; (ii)&nbsp;a 25% increase in its quarterly dividend; (iii)&nbsp;a
commitment to making significant core capital</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></h3>

<h3 align="center" style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">35</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">

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<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">investments;
and (iv)&nbsp;a financial projection that by 2010 earnings per share would
increase by 15%-17% on a compound annual growth rate basis.</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-indent:1.0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-indent:1.0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">42.</font><font size="2" style="font-size:10.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; Not surprisingly, once
this material information was released, the share price of CSX common stock
increased significantly, resulting in a Trading Price on May&nbsp;8 that was
7.4% higher than the Trading Price on May&nbsp;1.</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-indent:1.0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-indent:1.0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">43.</font><font size="2" style="font-size:10.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; In contrast, in 2006,
the company set its LTIP performance share award grants based on a Trading
Price immediately <i>following</i> the public release of
material information.</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-indent:1.0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-indent:1.0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">44.</font><font size="2" style="font-size:10.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; Had the 2007 LTIP
grants been set as they were in 2006, the number of shares of common stock
pre-set for issuance would have been approximately 7.4% lower than the number
of shares actually set for issuance.&#160;
Unfortunately, that was not how the Board proceeded with respect to the
2007 LTIP grants.&#160; Instead, in violation
of CSX&#146;s Insider Trading Policy, Corporate Governance Guidelines, and CSX&#146;s
Code of Ethics, the Board set the grants on a date on which it was aware of
material nonpublic information that was soon to be publicly released.&#160; This resulted in the Board setting a
materially larger share grant than it would have had it complied with the
company&#146;s own corporate governance rules.</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-indent:1.0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-indent:1.0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">45.</font><font size="2" style="font-size:10.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; CEO, President and
Board Chairman Michael Ward &#151; the highest compensated executive in the rail
industry &#151; had a performance grant of $4,000,010 worth of CSX shares set aside
for him under the 2007-2009 LTIP, based on CSX&#146;s Trading Price of $43.32 on May&nbsp;1,
which translates into 92,347 shares of CSX stock.&#160; Had Mr.&nbsp;Ward&#146;s performance grant been
set using the day of the May&nbsp;8, 2007 Trading Price, he would have been
awarded only 85,994 shares.</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-indent:1.0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-indent:1.0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">46.</font><font size="2" style="font-size:10.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; CFO Oscar Munoz, COO
Tony Ingram and CCO Clarence Gooden each had performance grants of $1,499,998
worth of CSX shares set aside under the 2007-2009 LTIP,</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></h3>

<h3 align="center" style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">36</font></h3>

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<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">based
on CSX&#146;s Trading Price of $43.32 on May&nbsp;1, which translates into 34,630
shares of CSX stock.&#160; Had those NEOs&#146;
performance grants been set using the day of the May&nbsp;8, 2007 Trading
Price, they would have each been awarded only 32,248 shares.</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-indent:1.0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-indent:1.0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">47.</font><font size="2" style="font-size:10.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; The CSX Defendants&#146; use
of the May&nbsp;1, 2007 grant date to set its performance grants under the LTIP
violated CSX&#146;s Insider Trading Policy.&#160;
Moreover, the Board, Mr.&nbsp;Ward and certain other NEOs, in a
subsequent attempt to hide their poor governance practices from the
shareholders, violated the disclosure requirements under the federal securities
laws.</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-indent:1.0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-indent:1.0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">48.</font><font size="2" style="font-size:10.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">Specifically, </font><font size="2" style="font-size:10.0pt;">CSX violated Rule&nbsp;14a-9
by failing to disclose in the CSX Proxy, which was approved by Mr.&nbsp;Ward,
material facts regarding the determination of the performance grants, including
(i)&nbsp;that the company set its performance grants while in possession of
material nonpublic information; (ii)&nbsp;that the Omnibus Plan, adopted by the
shareholders, did not include any provision that would allow the Board to set
grants while in possession of such material nonpublic information; (iii)&nbsp;that
the setting of the grants violated the company&#146;s Corporate Governance
Guidelines and Insider Trading Policy and Code of Ethics; and (iv)&nbsp;how the
award pursuant to the LTIP is determined.&#160;
These omissions are material because (1)&nbsp;they are required by Item
402 of Regulation S-K; and (2)&nbsp;they are material to the shareholders&#146;
decision to elect the directors that approved these actions, especially during
a contested proxy solicitation focused on corporate governance and executive
compensation issues.</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-indent:1.0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-indent:1.0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">49.</font><font size="2" style="font-size:10.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; CSX also violated CSX&#146;s
Insider Trading Policy, Code of Ethics and Bylaws in awarding certain grants
under the Stock Plan.&#160; The company&#146;s
disclosure in its Proxy with respect to those grants violated the federal
securities law because it failed to disclose facts required by Item 402 of
Regulation S-K.&#160; Independent of Item 402
of Regulation S-K, the CSX</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></h3>

<h3 align="center" style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">37</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">

<hr size="3" width="100%" noshade color="#010101" align="left">

</font></h3>

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<div style="font-family:Times New Roman;">

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Defendants
violated Section&nbsp;14(a)&nbsp;of the Exchange Act and Rule&nbsp;14a-9 by
failing to disclose information about these stock grants that is material </font><font size="2" style="font-size:10.0pt;">to the CSX
shareholders&#146; decision to elect the Board that approved those grants.</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-indent:1.0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-indent:1.0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">50.</font><font size="2" style="font-size:10.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; Specifically, pursuant
to the CSX Stock Plan, at least 50% of each non-management directors&#146; annual
retainer must be in the form of CSX stock.&#160;
The number of shares that a Director receives as the stock component of
his compensation pursuant to the plan is based on the market value of CSX stock
as of the date immediately preceding the annual shareholders meeting.&#160; The shares, in turn, are automatically issued
on the date of the meeting.</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-indent:1.0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-indent:1.0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">51.</font><font size="2" style="font-size:10.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; Notwithstanding the
automatic features of the annual grant, under CSX&#146;s Corporate Governance
Guidelines, the Board must review its entire compensation structure, including
the Stock Plan, and set the compensation for non-management directors, at least
once every three years.&#160; In addition, the
Board retains discretion to amend at any time the Stock Plan by a majority
vote.</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-indent:1.0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-indent:1.0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">52.</font><font size="2" style="font-size:10.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; Upon information and
belief, the Board met on May&nbsp;1, 2007 to review and renew directors&#146;
compensation and made no changes to their compensation packages, thereby
effectively reconfirming the Stock Plan.</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-indent:1.0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-indent:1.0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">53.</font><font size="2" style="font-size:10.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; The 2007 annual
shareholders meeting was held on May&nbsp;2.&#160;
Therefore, under the Stock Plan, the number of shares that the directors
were awarded pursuant to the annual stock grant was determined on May&nbsp;1,
2007, the day immediately prior to the annual shareholders meeting and dividend
announcement, and only one week before the company made a series of public
announcements, as set forth at paragraph 41.</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-indent:1.0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-indent:1.0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">54.</font><font size="2" style="font-size:10.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; At the time the Board
reconfirmed the Stock Plan, it was aware that the shares that would be issued
to directors under the Stock Plan would increase in value as a result</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></h3>

<h3 align="center" style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">38</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">

<hr size="3" width="100%" noshade color="#010101" align="left">

</font></h3>

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<div style="font-family:Times New Roman;">

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">of
CSX&#146;s May&nbsp;2, 2007 dividend announcement and May&nbsp;8, 2007 press release
regarding:&#160; (i)&nbsp;a $1 billion or 50%
increase in the CSX stock repurchase plan; (ii)&nbsp;a 25% increase in its quarterly
dividend; (iii)&nbsp;a commitment to making significant core capital
investments; and (iv)&nbsp;a financial projection that by 2010 earnings per
share would increase by 15%-17% on a compound annual growth rate basis.&#160; The Board, therefore, was in possession of
material nonpublic information at the time it reconfirmed the Stock Plan,
thereby approving the award to directors of shares the Board knew would
significantly increase in value mere days after receiving them.</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-indent:1.0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-indent:1.0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">55.</font><font size="2" style="font-size:10.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; In addition to the annual stock grant, directors are
empowered to grant themselves shares on a discretionary basis at any time &#147;upon
such terms as [the Board] deems fit.&#148;&#160;&#160;
In December&nbsp;2007, the CSX Defendants, acting through the Board &#151;
the highest compensated board in the rail industry &#151; exercised that discretion
to award each of CSX&#146;s 11 independent directors a grant of 5000 shares of
common stock, in direct violation of the CSX&#146;s Insider Trading Policy, which
explicitly prohibits directors from engaging in transactions of CSX securities
between the first day of the last calendar month of a quarter through the
second day following an earnings release (the &#147;Blackout Period&#148;).&#160; December&nbsp;is the last calendar month of a
quarter and CSX reported its fourth quarter 2007 earnings on January&nbsp;22,
2008.</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-indent:1.0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-indent:1.0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">56.</font><font size="2" style="font-size:10.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; In addition to
violating the company&#146;s Insider Trading Policy, the CSX Defendants&#146;
discretionary grant of common stock to the Board during the Blackout Period
also violated Article&nbsp;II, Section&nbsp;2(b)&nbsp;of CSX&#146;s Bylaws, which
provides that directors must &#147;comply with all applicable corporate governance,
conflict of interest, confidentiality and securities ownership and trading
policies and guidelines of the Corporation.&#148;</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-indent:1.0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-indent:1.0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">57.</font><font size="2" style="font-size:10.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; The only disclosure of
the annual stock grants in the CSX Proxy is a statement that &#147;[d]uring 2007,
each non-employee director received an annual retainer of</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></h3>

<h3 align="center" style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">39</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">

<hr size="3" width="100%" noshade color="#010101" align="left">

</font></h3>

</div>
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<div style="font-family:Times New Roman;">

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">$75,000,
at least 50% of which was payable by CSX stock pursuant to the CSX Corporation
Stock Plan for Directors.&#148;&#160; The disclosure
of the discretionary stock grant in the CSX Proxy consists of a statement that &#147;each
non-employee director also received a grant of 5,000 shares of CSX stock, which
had a market value of $217,625 (based on an average of the high and low price
per share on the date of grant of $43.525).&#148;&#160;
These statements violate Rule&nbsp;14a-9 because they are false and
misleading in that they omit material facts such as (i)&nbsp;that the amount of
the annual stock grant was determined while the Board was in possession of material
nonpublic information; (ii)&nbsp;that the discretionary grant was awarded
during the Blackout Period; (iii)&nbsp;when the shares were awarded to the
Board; (iv)&nbsp;the date the shares included in the annual stock grant
pursuant to the Stock Plan were valued; (v)&nbsp;how the awards pursuant to the
Stock Plan are accomplished; and (vi)&nbsp;that the shares were awarded in
violation of the company&#146;s Insider Trading Policy, Corporate Governance
Guidelines, and Code of Ethics.</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></h3>

<p style="font-weight:bold;margin:0in 0in .0001pt;page-break-after:avoid;text-align:center;"><b><u><font size="2" face="Times New Roman" style="font-size:10.0pt;">CSX
Has Subverted Shareholders&#146; Attempts <br>
To Improve Corporate Governance</font></u></b></p>

<p style="font-weight:bold;margin:0in 0in .0001pt;page-break-after:avoid;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></b></p>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-indent:1.0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">58.</font><font size="2" style="font-size:10.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; At CSX&#146;s June&nbsp;25,
2008 Shareholders Meeting, the shareholders will be presented with various
competing proposals to amend the Bylaws of the company to permit the
shareholders to call special shareholder meetings.&#160; CSX&#146;s disclosure about the proposals in the
CSX Proxy violates Rule&nbsp;14a-9 because, as described below, CSX makes false
and misleading statements and omits material disclosures regarding those
proposals.</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-indent:1.0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-indent:1.0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">59.</font><font size="2" style="font-size:10.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; A proposal that the
Board amend the Bylaws to permit shareholders to call special shareholder
meetings was put to a shareholder vote at CSX&#146;s 2007 annual shareholders
meeting on May&nbsp;2, 2007 (the &#147;2007 Proposal&#148;).&#160; That proposal, which was a non-binding
proposal, contained no restrictions on shareholders&#146; ability to call special
meetings other than that shareholders calling the special meeting hold between
10% to 25% of the outstanding shares.</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></h3>

<h3 align="center" style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></h3>

<h3 align="center" style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">40</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">

<hr size="3" width="100%" noshade color="#010101" align="left">

</font></h3>

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<div style="font-family:Times New Roman;">

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-indent:1.0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">60.</font><font size="2" style="font-size:10.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; Shareholders, including
TCI, have been concerned about CSX&#146;s poor corporate governance standards.&#160; Indeed, in a November&nbsp;16, 2007 response
to a TCI letter, which was filed with CSX&#146;s Form&nbsp;8-K of the same date, CSX
noted that &#147;TCI criticizes [the] corporate governance&#148; of CSX, and that &#147;TCI&#146;s
recent letters and public statements express the view that there is a
fundamental lack of quality in CSX&#146;s business results, management and Board.&#148;</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-indent:1.0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-indent:1.0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">61.</font><font size="2" style="font-size:10.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; The non-binding 2007
Proposal made its purpose clear &#151; to give shareholders the ability to exercise
greater influence over elections of directors.&#160;
The proposal outlined a myriad of problems with the Board, including
that the company &#147;had no Independent Chairman&#148;; &#147;CEO pay was $23 million in one
year&#148;; one of the directors &#147;was rated a &#145;problem director&#146;&#148;; and &#147;directors
also served on 5 boards rated D by The Corporate Library.&#148;</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-indent:1.0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-indent:1.0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">62.</font><font size="2" style="font-size:10.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; Another concern addressed by the 2007 Proposal was
shareholder control over timing &#147;when events unfold quickly and issues may
become moot by the next annual meeting.&#148;</font><font size="2" style="font-size:10.0pt;">&#160; </font><font size="2" style="font-size:10.0pt;">Management
opposed the 2007 Proposal.</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-indent:1.0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-indent:1.0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">63.&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">In opposing the
2007 Proposal, CSX management stated:</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-indent:1.0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></h3>

<p style="margin:0in 1.0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">The
Board believes that [the unqualified right of shareholders to call for special
meetings] should not be available to a minority of shareholders, particularly
since shareholders already have an opportunity to bring matters before
shareholder meetings on an annual basis . . . . Enabling a small minority of
shareholders to call special meetings could impose substantial administrative
and financial burdens on the Company, and significantly disrupt the conduct of
the Company&#146;s business.</font></p>

<p style="margin:0in 1.0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-indent:1.0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">64.</font><font size="2" style="font-size:10.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; CSX&#146;s position was
soundly rejected by shareholders and the 2007 Proposal was approved by a margin
of more than two-to-one</font><font size="2" style="font-size:10.0pt;">.&#160; </font><font size="2" style="font-size:10.0pt;">Despite this overwhelming
approval, the Board failed to adopt a bylaw codifying the position taken in the
2007 Proposal that shareholders should have the power to call special
meetings.&#160; This rejection is particularly
troublesome given the fact that in 2007 two other bylaw amendments, one of
which addressed</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></h3>

<h3 align="center" style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">41</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">

<hr size="3" width="100%" noshade color="#010101" align="left">

</font></h3>

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<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">shareholder
proposals and was approved by a smaller majority than the 2007 Proposal, were
adopted by the Board after the 2007 shareholder meeting.</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-indent:1.0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-indent:1.0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">65.&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; The assurances in
the company&#146;s November&nbsp;16, 2007 letter to TCI that the &#147;Board constantly
challenges the CSX management team to improve the company&#146;s performance [and]
[a]s part of that process, the Board is always receptive to ideas from
shareholders&#148; and Mr.&nbsp;Ward&#146;s statement in a February&nbsp;8, 2006 press
release that &#147;[CSX] support[s] the clear trend among large publicly owned
corporations to adopt director election policies that are responsive to
shareholder preferences&#148; is belied by the Board&#146;s failure to take the action
overwhelmingly requested by shareholders by their approval of the 2007
Proposal.</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-indent:1.0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-indent:1.0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">66.</font><font size="2" style="font-size:10.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; In the same vein, notwithstanding </font><font size="2" style="font-size:10.0pt;">CSX&#146;s Corporate
Governance Guidelines, which directs the presiding director to be &#147;available
for direct communication with major shareholders as appropriate,&#148; </font><font size="2" style="font-size:10.0pt;">the Board
declined a TCI request, made through CSX&#146;s advisor Evercore, that the Board
meet with TCI to discuss proposals to improve corporate governance standards
and other issues relating to management of the company.</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-indent:1.0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-indent:1.0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">67.</font><font size="2" style="font-size:10.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; Approximately ten
months after shareholders approved the 2007 Proposal, on January&nbsp;14, 2008,
pursuant to Rule&nbsp;14a-8(j)&nbsp;of the Exchange Act, CSX wrote a letter
(the &#147;CSX Letter&#148;) requesting permission from the SEC to exclude from proxy
materials for the company&#146;s 2008 Shareholders Meeting a proposal put forth by
CSX shareholder Ram Trust Services,&nbsp;Inc. (the &#147;Ram Proposal&#148;) to amend the
Bylaws to allow shareholders holding 15% of the outstanding shares to call a
special meeting.&#160; The CSX Letter is yet
another example of the company&#146;s lack of responsiveness to its shareholders.</font></h3>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">42</font></p>

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<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-indent:1.0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-indent:1.0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-indent:1.0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">68.</font><font size="2" style="font-size:10.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; The Ram Proposal
stated, &#147;We believe shareholders should have the ability to call a special
meeting when they think a matter is sufficiently important to merit timely
consideration.&#160; We believe this is good
corporate governance.&#148;</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-indent:1.0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-indent:1.0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">69.</font><font size="2" style="font-size:10.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; In the CSX Letter
requesting permission to omit the Ram Proposal from its proxy materials, CSX
falsely stated that the company was about to adopt an amendment to the Bylaws
(the &#147;February&nbsp;Amendment&#148;) that &#147;substantially implements the [Ram]
Proposal.&#148;&#160; The CSX Letter also falsely
represented to the SEC that &#147;the CSX Amendment addresses the primary objectives
and underlying concerns of the [Ram] Proposal . . . . The only differences
between the CSX Amendment and the [Ram] Proposal are the addition of
procedural, informational and timing limitations in the CSX Amendment, none of
which conflicts with the primary objectives and underlying concerns of the
[Ram] Proposal.&#148;&#160; These representations
were false for the reasons set forth at paragraphs 81-83.</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-indent:1.0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-indent:1.0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">70.</font><font size="2" style="font-size:10.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; The February&nbsp;Amendment
referred to in the CSX Letter was approved by the Board on February&nbsp;4,
2008.&#160; On March&nbsp;13, 2008, the SEC
rejected CSX&#146;s request to exclude the Ram Proposal from its proxy materials for
the company&#146;s 2008 Shareholders Meeting, apparently concluding that CSX had not
&#147;substantially implemented&#148; the Ram Proposal, by adopting the February&nbsp;Amendment.</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-indent:1.0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-indent:1.0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">71.</font><font size="2" style="font-size:10.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; In fact, rather than
accomplishing the same result as the Ram Proposal, the February&nbsp;Amendment
operates (i)&nbsp;to preclude, as a practical matter, any shareholder who
actually wants to invoke its provisions from calling a special meeting; (ii)&nbsp;to
prevent a special meeting from being called for the purpose of electing
shareholder-nominated candidates to the Board or removing incumbent directors;
and (iii)&nbsp;to create a special loophole allowing the Board &#151; without </font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-indent:1.0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></h3>

<h3 align="center" style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></h3>

<h3 align="center" style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">43</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">

<hr size="3" width="100%" noshade color="#010101" align="left">

</font></h3>

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<h3 align="center" style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-indent:1.0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">shareholder
approval &#151; to change the special meeting requirements to further block
shareholders from mounting special meetings.</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-indent:1.0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-indent:1.0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">72.</font><font size="2" style="font-size:10.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; Further, the February&nbsp;Amendment
contains no requirement that CSX hold a special meeting within any specific
timeframe after receipt of a shareholder request that it do so.&#160; Because the timing of the special meetings is
in the Board&#146;s complete discretion, the February&nbsp;Amendment permits the
Board to delay special meetings and roll shareholder proposals into annual
meetings, notwithstanding shareholder demands.&#160;
</font><font size="2" style="font-size:10.0pt;">Further, because under Virginia law the directors&#146; terms expire each
year at the annual shareholders meeting, under CSX&#146;s bylaws, which provide for
re-election of the entire Board at the same time, an annual meeting would never
be an occasion to remove a director since such director&#146;s term would already be
complete.</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-indent:1.0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-indent:1.0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">73.</font><font size="2" style="font-size:10.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; In addition, unlike the
Ram Proposal, the February&nbsp;Amendment restricts the subject matter for
which a special shareholder meeting may be called.&#160; Specifically, the February&nbsp;Amendment
bars raising any subject matter &#147;within 12 months after any annual or special
meeting of shareholders at which the same matter was included on the agenda, or
if the same matter will be included on the agenda at an annual meeting to be
held within 90 days after the receipt by the Corporation of such request.&#148;</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-indent:1.0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-indent:1.0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">74.</font><font size="2" style="font-size:10.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; The February&nbsp;Amendment
further states &#147;the election or removal of directors shall be deemed the same
matter with respect to all matters involving the election or removal of
directors.&#148;&#160; Directors are elected at
annual meetings; therefore, defining &#147;same matter&#148; as it is defined in the February&nbsp;Amendment
operates to bar shareholders from calling a special meeting for the purpose of
electing shareholder-nominated directors or seeking to remove existing
directors.</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-indent:1.0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></h3>

<h3 align="center" style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></h3>

<h3 align="center" style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">44</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">

<hr size="3" width="100%" noshade color="#010101" align="left">

</font></h3>

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<h3 align="center" style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-indent:1.0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-indent:1.0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">75.</font><font size="2" style="font-size:10.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; As the Board made clear
in its February&nbsp;14, 2008 letter to TCI, the Board specifically intended to
bar shareholders from calling special meetings for the purpose of electing or
removing directors, stating &#147;[a]s the term implies, &#145;special&#146; meetings are the
place for shareholders to consider extraordinary matters, not the regular
annual business of director elections.&#148;</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-indent:1.0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></h3>

<p style="font-weight:bold;margin:0in 0in .0001pt;page-break-after:auto;text-align:center;"><b><u><font size="2" face="Times New Roman" style="font-size:10.0pt;">The February&nbsp;Amendment Violates Virginia Law</font></u></b></p>

<p style="font-weight:bold;margin:0in 0in .0001pt;page-break-after:auto;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></b></p>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-indent:1.0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">76.</font><font size="2" style="font-size:10.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; The February&nbsp;Amendment
violates Virginia law, which protects the rights of shareholders by expressly
mandating that &#147;[t]he shareholders may remove one or more directors with or
without cause, unless the articles of incorporation provide that directors may
be removed only with cause.&#148;&#160; VA Code
&#167;&nbsp;13.1-680.</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-indent:1.0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-indent:1.0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">77.</font><font size="2" style="font-size:10.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; CSX&#146;s Articles of
Incorporation do not limit the circumstances under which directors may be
removed; therefore, CSX directors may be removed with or without cause.</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-indent:1.0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-indent:1.0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">78.</font><font size="2" style="font-size:10.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">Under Virginia
law, the directors&#146; terms expire each year at the annual shareholders
meeting.&#160; Thus, under the Bylaws, which
provide for re-election of the entire Board at the same time, an annual meeting
would never be an occasion to remove a director since such director&#146;s term
would already be complete.</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-indent:1.0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-indent:1.0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">79.</font><font size="2" style="font-size:10.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; In addition, under
Virginia law, &#147;[t]he bylaws of a corporation may contain any provision for
managing the business and regulating the affairs of the corporation that is not
inconsistent with the law or the Articles of Incorporation.&#148;&#160; VA Code &#167;&nbsp;13.1-624.</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-indent:1.0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-indent:1.0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">80.</font><font size="2" style="font-size:10.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; Because it operates to
bar a special shareholder meeting from being called for the purpose of removing
existing directors and electing shareholder-nominated directors, the February&nbsp;Amendment
is inconsistent with Virginia law as it infringes upon shareholders&#146; rights
guaranteed by Virginia Code &#167;&nbsp;13.1-680 and thus violates Virginia Code
&#167;&nbsp;13.1-624.</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-indent:1.0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></h3>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">45</font></p>

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<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><u><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">CSX&#146;s Proxy Disclosure Regarding The Competing Bylaw <br>
Proposals Is Materially False and Misleading</font></u></b></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-indent:1.0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">81.</font><font size="2" style="font-size:10.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; On January&nbsp;25,
2008, TCI submitted to CSX a supplemental notice stating its intent to place on
its proxy two proposals to amend the Bylaws (together the &#147;TCI Proposal&#148;):&#160; (1)&nbsp;a proposal similar to the Ram
Proposal; and (2)&nbsp;a proposal that would repeal any amendments to the
Bylaws enacted between January&nbsp;1, 2008 and the date of the 2008
Shareholders Meeting.&#160; The second part of
the TCI Proposal would have the effect of repealing the February&nbsp;Amendment.</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-indent:1.0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-indent:1.0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">82.</font><font size="2" style="font-size:10.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; On February&nbsp;21,
2008, CSX submitted to the SEC the CSX Proxy for the 2008 Shareholders Meeting,
which included a proposal that shareholders ratify the February&nbsp;Amendment
(the &#147;Limited Special Meeting Proposal&#148;).</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-indent:1.0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-indent:1.0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">83.</font><font size="2" style="font-size:10.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; Unlike the Ram Proposal
and the TCI Proposal, the February&nbsp;Amendment for which the Limited Special
Meeting Proposal seeks ratification imposes extreme procedural hurdles on
shareholders who wish to call a special meeting.&#160; Thus, under the February&nbsp;Amendment:</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-indent:1.0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></h3>

<h4 style="font-weight:normal;margin:0in 0in .0001pt 2.0in;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(a)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">a special
meeting may be called only by <u>record</u> holders of shares representing at
least 15% of the combined voting power of the outstanding shares of all classes
of capital stock entitled to vote at the time the Secretary receives the
written request to call such special meeting;</font></h4>

<h4 style="font-weight:normal;margin:0in 0in .0001pt;text-indent:1.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></h4>

<h4 style="font-weight:normal;margin:0in 0in .0001pt 2.0in;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(b)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">in the event
that a shareholder of record calls a special meeting on behalf of certain beneficial
owners, such shareholder must present CSX with information about those
beneficial owners and about representations made by the beneficial owners,
which is likely to be a practical impossibility in many circumstances; and</font></h4>

<h4 style="font-weight:normal;margin:0in 0in .0001pt;text-indent:1.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></h4>

<h4 style="font-weight:normal;margin:0in 0in .0001pt 2.0in;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(c)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">if the
shareholders of record (including all beneficial owners on whose behalf a
shareholder of record is making the request) fail to hold 15% beneficially at
the time of the special meeting, the request to call the special meeting is
deemed to be revoked.</font></h4>

<h4 style="font-weight:normal;margin:0in 0in .0001pt;text-indent:1.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></h4>

<h3 align="center" style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></h3>

<h3 align="center" style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">46</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">

<hr size="3" width="100%" noshade color="#010101" align="left">

</font></h3>

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<h3 align="center" style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-indent:1.0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-indent:1.0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">84.</font><font size="2" style="font-size:10.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; As of January&nbsp;7,
2008, more than 96% of the total outstanding shares of CSX were held in a form
commonly known as &#147;street name&#148; ownership, which refers to shares held of
record on the books of the Depository Trust Company (the &#147;DTC&#148;) in special
accounts registered in the name of investment banks and custodians on behalf of
ultimate beneficial owners.&#160; Because at
CSX, only the DTC is the record holder of the shares; an individual or small
group of investors wishing to call for a special meeting would need to access
other beneficial owners by engaging in a consent solicitation conducted through
the investment banks and custodians, who, on behalf of the beneficial owners,
can request that DTC, as &#147;holder of record&#148; submit notice to CSX.</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-indent:1.0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-indent:1.0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">85.</font><font size="2" style="font-size:10.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; Although the DTC would
honor the requests of the investment banks to approach a company for the
purposes of seeking a special meeting on behalf of beneficial owners, because
of legal and regulatory restrictions the investment banks and custodians are
prevented from disclosing information about the beneficial owners of the shares
they hold under applicable law unless they receive explicit consent directly
from the beneficial owners.</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-indent:1.0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-indent:1.0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">86.</font><font size="2" style="font-size:10.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; Thus, CSX&#146;s condition
that a record holder of 15% of the shares provide to CSX information about
beneficial owners known to be protected from disclosure via operation of law
makes it practically impossible for any such request to be made requiring
information about beneficial owners.</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-indent:1.0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-indent:1.0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">87.</font><font size="2" style="font-size:10.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; As a result, the February&nbsp;Amendment
would operate to block shareholders from ever making a successful request on
CSX to call a special meeting pursuant to a consent solicitation.</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-indent:1.0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-indent:1.0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">88.</font><font size="2" style="font-size:10.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; In addition, the February&nbsp;Amendment&#146;s
condition that the shareholders who request a special meeting hold their shares
both on the date that CSX receives notice of their </font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-indent:1.0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></h3>

<h3 align="center" style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></h3>

<h3 align="center" style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">47</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">

<hr size="3" width="100%" noshade color="#010101" align="left">

</font></h3>

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<h3 align="center" style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-indent:1.0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">request
and on the meeting date is extraordinarily unusual, if not unprecedented.&#160; Moreover, nowhere in the Bylaws is this
condition imposed with respect to shareholder matters presented at annual
meetings.</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-indent:1.0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-indent:1.0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">89.</font><font size="2" style="font-size:10.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; A shareholder who calls
for a special meeting based on consent obtained from other shareholders would
be required to obtain the agreement of those other shareholders to continue to
hold their shares through the meeting date and would be automatically barred
from holding a special meeting if any consenting shareholder sold shares to
bring the total amount of consenting shares below the 15% threshold.</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-indent:1.0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-indent:1.0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">90.</font><font size="2" style="font-size:10.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; In addition, unlike the
TCI and Ram Proposals described at paragraphs 67 and 81, the February&nbsp;Amendment
for which CSX seeks approval restricts the purpose for which a special
shareholders meeting may be called.</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-indent:1.0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-indent:1.0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">91.</font><font size="2" style="font-size:10.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; Moreover, the Board
included in the February&nbsp;Amendment an amendment to Article&nbsp;VIII of
the Bylaws (the &#147;Article&nbsp;VIII Provision&#148;), which allows the Board to
impose additional restrictions on shareholders&#146; rights without shareholders&#146;
approval.&#160; The Article&nbsp;VIII
Provision provides:</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-indent:1.0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></h3>

<p style="margin:0in 1.0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(a)&nbsp; Except as
specified in clause (b)&nbsp;below, these Bylaws may be amended or repealed at
any regular or special meeting of the Board of Directors by the vote of a
majority of the Directors present.&#160; These
Bylaws may also be repealed or changed, and new Bylaws made by, the
shareholders, provided notice of the proposal to take such action shall have
been given in the notice of the meeting.</font></p>

<p style="margin:0in 1.0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 1.0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(b)&nbsp; Article&nbsp;I, Section&nbsp;2(b)&nbsp;of
these Bylaws [regarding special meetings] may only be amended to increase (i)&nbsp;the
percentage of shares required to be held by shareholders to request a special
meeting of shareholders or (ii)&nbsp;the 12 months or 90 days referred to in
clause (x)&nbsp;of the second paragraph of such Section&nbsp;2(b), or repealed,
with the approval of the shareholders.&#160;
This clause (b)&nbsp;may only be repealed or amended with the approval
of the shareholders.</font></p>

<p style="margin:0in 1.0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<h3 align="center" style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></h3>

<h3 align="center" style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">48</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">

<hr size="3" width="100%" noshade color="#010101" align="left">

</font></h3>

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<div style="font-family:Times New Roman;">

<h3 align="center" style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-indent:1.0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-indent:1.0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">92.</font><font size="2" style="font-size:10.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">Although on its
face, the language appears to limit the Board&#146;s power to amend the Bylaws by
which it purportedly provided for special shareholders meeting, in Article&nbsp;VIII(a),
the Board specifically reserves the power to unilaterally impose <i>additional</i> restrictions on shareholders&#146; ability to call a
special meeting, limiting the circumstances for which shareholder approval is
required to those specified in Article&nbsp;VIII(b).</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-indent:1.0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-indent:1.0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">93.</font><font size="2" style="font-size:10.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">The CSX Proxy placed the CSX Limited Special
Meeting Proposal on the ballot in opposition to the Ram Proposal and the TCI
Proposal.&#160; The most significant
differences in the conditions a shareholder must satisfy to call a special
shareholder meeting are set forth in the chart below:</font></h3>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<table border="0" cellspacing="0" cellpadding="0" width="100%" style="border-collapse:collapse;width:100.0%;">
 <tr>
  <td width="24%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:24.98%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>
  </td>
  <td width="2%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:2.22%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>
  </td>
  <td width="24%" valign="bottom" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in .7pt 0in .7pt;width:24.92%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:8.0pt;font-weight:bold;">CSX Limited Special <br>
  Meeting Proposal</font></b></p>
  </td>
  <td width="2%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:2.22%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>
  </td>
  <td width="24%" valign="bottom" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in .7pt 0in .7pt;width:24.94%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:8.0pt;font-weight:bold;">TCI Proposal</font></b></p>
  </td>
  <td width="2%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:2.22%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>
  </td>
  <td width="18%" valign="bottom" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in .7pt 0in .7pt;width:18.5%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:8.0pt;font-weight:bold;">Ram Proposal</font></b></p>
  </td>
 </tr>
 <tr>
  <td width="24%" valign="top" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in .7pt 0in .7pt;width:24.98%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Requisite
  percentage of shareholders to call a special meeting</font></p>
  </td>
  <td width="2%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in .7pt 0in .7pt;width:2.22%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="24%" valign="top" bgcolor="#CCEEFF" style="background:#CCEEFF;border:none;padding:0in .7pt 0in .7pt;width:24.92%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">15%</font></p>
  </td>
  <td width="2%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in .7pt 0in .7pt;width:2.22%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="24%" valign="top" bgcolor="#CCEEFF" style="background:#CCEEFF;border:none;padding:0in .7pt 0in .7pt;width:24.94%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">15%</font></p>
  </td>
  <td width="2%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in .7pt 0in .7pt;width:2.22%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="18%" valign="top" bgcolor="#CCEEFF" style="background:#CCEEFF;border:none;padding:0in .7pt 0in .7pt;width:18.5%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">15%</font></p>
  </td>
 </tr>
 <tr>
  <td width="24%" valign="top" style="padding:0in .7pt 0in .7pt;width:24.98%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Types
  of shareholders permitted</font></p>
  </td>
  <td width="2%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:2.22%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="24%" valign="top" style="padding:0in .7pt 0in .7pt;width:24.92%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Record
  holders</font></p>
  </td>
  <td width="2%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:2.22%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="24%" valign="top" style="padding:0in .7pt 0in .7pt;width:24.94%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Shareholders
  of capital stock entitled to vote</font></p>
  </td>
  <td width="2%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:2.22%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="18%" valign="top" style="padding:0in .7pt 0in .7pt;width:18.5%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Outstanding
  voting stock</font></p>
  </td>
 </tr>
 <tr>
  <td width="24%" valign="top" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in .7pt 0in .7pt;width:24.98%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Limitations
  on the subject matter of the meetings</font></p>
  </td>
  <td width="2%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in .7pt 0in .7pt;width:2.22%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="24%" valign="top" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in .7pt 0in .7pt;width:24.92%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Not
  available for the election or removal of directors or matters decided within
  the last 12 months or to be decided in next 90 days</font></p>
  </td>
  <td width="2%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in .7pt 0in .7pt;width:2.22%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="24%" valign="top" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in .7pt 0in .7pt;width:24.94%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">None</font></p>
  </td>
  <td width="2%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in .7pt 0in .7pt;width:2.22%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="18%" valign="top" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in .7pt 0in .7pt;width:18.5%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">None</font></p>
  </td>
 </tr>
 <tr>
  <td width="24%" valign="top" style="padding:0in .7pt 0in .7pt;width:24.98%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Requirements
  of the shareholders requesting the meeting at the time of the meeting</font></p>
  </td>
  <td width="2%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:2.22%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="24%" valign="top" style="padding:0in .7pt 0in .7pt;width:24.92%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Shares
  representing at least the requisite percentage must continue to be
  beneficially held through the meeting date</font></p>
  </td>
  <td width="2%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:2.22%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="24%" valign="top" style="padding:0in .7pt 0in .7pt;width:24.94%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">None</font></p>
  </td>
  <td width="2%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:2.22%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="18%" valign="top" style="padding:0in .7pt 0in .7pt;width:18.5%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">None</font></p>
  </td>
 </tr>
</table>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-indent:1.0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">94.</font><font size="2" style="font-size:10.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; CSX makes several
materially false and misleading statements in its Proxy regarding the CSX
Limited Special Meeting Proposal, including statements about (i)&nbsp;how the </font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-indent:1.0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></h3>

<h3 align="center" style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></h3>

<h3 align="center" style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">49</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">

<hr size="3" width="100%" noshade color="#010101" align="left">

</font></h3>

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<h3 align="center" style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-indent:1.0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Limited
Special Meeting Proposal relates to the 2007 Proposal, (ii)&nbsp;how the
Limited Special Meeting Proposal operates, and (iii)&nbsp;how it compares to
the TCI Proposal and Ram Proposal.</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-indent:1.0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-indent:1.0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">95.</font><font size="2" style="font-size:10.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; The CSX Proxy states:</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-indent:1.0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></h3>

<p style="margin:0in 1.0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">The Board believes that the
Amendments address the views of shareholders reflected in the vote at the 2007
annual meeting to permit shareholders to cause special shareholder meetings to
be held, while providing procedural safeguards to protect the resources of the
Company and shareholders&#146; investment from the substantial administrative and
financial burdens, and disruptive effects, that serial shareholder meetings on
the same matter would impose on the Company . . . . The Board believes that the
limitations on the purpose of special meetings requested by shareholders
contained in the Amendments will cause shareholders to be judicious with the
time and resources of the Company and their fellow shareholders in their use of
the special meeting bylaw provision, as a special meeting of shareholders is
very expensive, time-consuming and disruptive, with substantial costs and
significant time required to be devoted by senior management and the Board.</font></p>

<p style="margin:0in 1.0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-indent:1.0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">96.</font><font size="2" style="font-size:10.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; In the CSX Proxy, CSX
falsely states that the CSX Limited Special Meeting Proposal &#147;address[es] the
views of shareholders reflected in the vote at the 2007 annual meeting to
permit shareholders to cause special shareholder meetings to be held.&#148;&#160; This statement is false and misleading
because it is a disingenuous effort to appear responsive to the shareholders&#146;
previously expressed wishes underlying the 2007 Proposal while putting forth
the CSX Limited Special Meeting Proposal that, for all practical purposes and
contrary to those wishes that were approved overwhelmingly by shareholders, may
be impossible for shareholders to use.</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-indent:1.0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-indent:1.0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">97.</font><font size="2" style="font-size:10.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; The statements
regarding the &#147;procedural safeguards&#148; included in the CSX Limited Special
Meeting Proposal are false and misleading because they omit:</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-indent:1.0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></h3>

<h4 style="font-weight:normal;margin:0in 0in .0001pt 2.0in;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(a)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">clear
disclosure that only shareholders of record may make a request for a special
meeting;</font></h4>

<h4 style="font-weight:normal;margin:0in 0in .0001pt;text-indent:1.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></h4>

<h4 align="center" style="font-weight:normal;margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></h4>

<h4 align="center" style="font-weight:normal;margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">50</font></h4>

<h4 style="font-weight:normal;margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">

<hr size="3" width="100%" noshade color="#010101" align="left">

</font></h4>

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<h4 align="center" style="font-weight:normal;margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></h4>

<h4 style="font-weight:normal;margin:0in 0in .0001pt;text-indent:1.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></h4>

<h4 style="font-weight:normal;margin:0in 0in .0001pt 2.0in;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(b)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">a description
of the &#147;safeguards&#148; identifying the practical barriers any shareholder seeking
to perfect this right would face;</font></h4>

<h4 style="font-weight:normal;margin:0in 0in .0001pt;text-indent:1.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></h4>

<h4 style="font-weight:normal;margin:0in 0in .0001pt 2.0in;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(c)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">the requirement
that shares must be held through the meeting date, which is an extraordinary requirement
that differs from the requirements of the annual meeting; and</font></h4>

<h4 style="font-weight:normal;margin:0in 0in .0001pt;text-indent:1.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></h4>

<h4 style="font-weight:normal;margin:0in 0in .0001pt 2.0in;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(d)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">any description
of the annual meeting procedures that would allow shareholders to evaluate CSX&#146;s
accuracy in asserting that the procedural &#147;safeguards&#148; for special meetings are
&#147;similar&#148; to the procedural requirements for presenting shareholder matters at
annual meetings.</font></h4>

<h4 style="font-weight:normal;margin:0in 0in .0001pt;text-indent:1.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></h4>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-indent:1.0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">98.</font><font size="2" style="font-size:10.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; CSX also omits material
disclosure describing the power that the Board has given to itself in Article&nbsp;VIII
to amend, without shareholder approval, the bylaws relating to special
meetings.&#160; That power allows the Board to
significantly hinder shareholders&#146; ability to request special meetings.</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-indent:1.0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-indent:1.0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">99.</font><font size="2" style="font-size:10.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; In the CSX Proxy, CSX
falsely describes the Ram Proposal and the TCI Proposal, stating that they &#147;provide
no mechanism, and may limit the ability of the Board to put in place a
mechanism, to verify that the persons requesting a special shareholder meeting
are in fact shareholders of the Company.&#148;&#160;
This statement is false because the TCI Proposal explicitly incorporates
the procedural requirements for annual meetings, and requires shareholder
information and representations as set forth in Section&nbsp;11(a)(ii)(C)&nbsp;of
the Bylaws.&#160; This statement also is false
and misleading because there is no legal or factual basis to support the
statement that the Ram and TCI Proposals &#147;may&#148; limit the ability of the Board
to put in place such a mechanism or to explain why any such additional
mechanism would be needed.</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-indent:1.0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-indent:1.0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">100.</font><font size="2" style="font-size:10.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; The
CSX Proxy misleadingly states that, at the 2008 Annual Meeting of Shareholders,
&#147;shareholders will be asked to approve the bylaw amendments adopted by the
Board of Directors relating to the right of shareholders to request a special
shareholder meeting.&#148;&#160; This statement is
false and misleading because the CSX Limited Special Meeting Proposal does </font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-indent:1.0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></h3>

<h3 align="center" style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></h3>

<h3 align="center" style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">51</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">

<hr size="3" width="100%" noshade color="#010101" align="left">

</font></h3>

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<h3 align="center" style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-indent:1.0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">not
provide a shareholder with any viable right to call special meetings, but
instead makes it a practical impossibility.</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-indent:1.0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-indent:1.0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">101.</font><font size="2" style="font-size:10.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; CSX&#146;s
statement in the CSX Proxy that shareholders will vote on &#147;[a]pproval of the
bylaw amendments adopted by the Board of Directors allowing shareholders to
request special shareholder meetings,&#148; is false and misleading because it omits
material facts regarding the procedural hurdles imposed by the CSX Limited
Special Meeting Proposal as described in paragraphs 83-89.</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-indent:1.0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-indent:1.0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">102.</font><font size="2" style="font-size:10.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; The
false and misleading statements in the CSX Proxy make it plainly obvious that
CSX is favoring its restrictive proposal in opposition to the two unconditional
shareholder proposals that compete directly with the CSX Limited Special
Meeting Proposal, in violation of Rule&nbsp;14a-4(a)(3)&nbsp;which mandates
that proxy statements &#147;identify clearly and impartially each separate matter
intended to be acted upon.&#148;&#160; 17 C.F.R.
&#167;&nbsp;240.14a-4(a)(3).</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-indent:1.0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-indent:1.0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">103.</font><font size="2" style="font-size:10.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; The
false and misleading statements contained in the CSX Proxy were made knowingly
by the CSX Defendants for the sole purpose of obtaining personal advantage by
seeking to implement corporate governance procedures designed to entrench the
current Board members and to insulate them from removal by CSX shareholders.</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-indent:1.0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></h3>

<h3 align="center" style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-align:center;"><b><u><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">The CSX Smear Campaign</font></u></b></h3>

<h3 align="center" style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-indent:1.0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">104.</font><font size="2" style="font-size:10.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; As
part of the CSX Defendants&#146; smear campaign to </font><font size="2" style="font-size:10.0pt;">block TCI&#146;s slate of
directors and Bylaw proposals from being considered at the 2008 Shareholders
Meeting, the CSX Defendants have made a series of irresponsible and</font><font size="2" style="font-size:10.0pt;"> reckless
statements about TCI&#146;s position on capital expenditures and the nomination of a
minority slate for election to the Board</font><font size="2" style="font-size:10.0pt;">.</font><font size="2" style="font-size:10.0pt;">&#160; In Fall 2007, proposed legislation in the
House of Representatives that would have had the effect of reducing rail
profits.&#160; TCI recommended in public
statements, including in an October&nbsp;16, 2007 </font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-indent:1.0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></h3>

<h3 align="center" style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></h3>

<h3 align="center" style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">52</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">

<hr size="3" width="100%" noshade color="#010101" align="left">

</font></h3>

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<h3 align="center" style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-indent:1.0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">letter
to the Board, that CSX take temporary steps to freeze growth investment until
the regulatory landscape was less uncertain.&#160;
TCI has always made clear that it believes that CSX should continue to
make capital expenditures needed for safety and maintenance.&#160; Nonetheless, CSX and Mr.&nbsp;Ward have
repeatedly and intentionally failed to distinguish between two types of capital
expenditures:&#160; those related to growth
and those related to safety and maintenance.&#160;
CSX also has omitted in every public statement the full context of TCI&#146;s
concern, which is how railroads should respond to proposed federal legislation
that would reduce rail profits and thus limit overall revenue.</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-indent:1.0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-indent:1.0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">105.&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; CSX&#146;s scare tactics
date back to November&nbsp;16, 2007, when CSX filed its 8-K and made the
following statements:</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-indent:1.0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></h3>

<h4 style="font-weight:normal;margin:0in 0in .0001pt 2.0in;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(a)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">&#147;</font><font size="2" style="font-size:10.0pt;">CSX will not
compromise safety, service and efficiency by arbitrarily restricting investment
as TCI suggests&#148;; and</font></h4>

<h4 style="font-weight:normal;margin:0in 0in .0001pt;text-indent:1.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></h4>

<h4 style="font-weight:normal;margin:0in 0in .0001pt 2.0in;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(b)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">&#147;CSX will not &#145;threaten&#146;
to arbitrarily restrict capital spending on critical national infrastructure
assets in a misguided and counterproductive effort to pressure legislative and
regulatory authorities, as TCI has urged.&#148;</font></h4>

<h4 style="font-weight:normal;margin:0in 0in .0001pt;text-indent:1.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></h4>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-indent:1.0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">106.&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; CSX deliberately
mischaracterized TCI&#146;s comments with regard to investments, in an attempt to
scare shareholders to rally around the existing Board for the 2008 Shareholders
Meeting.</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-indent:1.0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-indent:1.0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">107.&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; The actual statement
made by TCI with regard to capital expenditures appears in its October&nbsp;16,
2007 public letter to the Board, which states:</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-indent:1.0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></h3>

<p style="margin:0in 1.0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Over the past year, the [Surface Transportation
Board] has issued several decisions against the railroads, including those r</font><font size="2" style="font-size:10.0pt;">elated to smaller shipper rate cases, fuel surcharges and the cost of
capital. &#160;The STB&#146;s slashing of the cost
of capital coupled with a refusal to simultaneously consider replacement cost
has significantly increased regulatory risk.&#160;
We do not believe CSX management</font><font size="2" style="font-size:10.0pt;"> fully appreciates the
regulatory and legislative risks facing the industry.&#160; In fact, CSX management is fanning the
anti-rail flames </font><font size="2" style="font-size:10.0pt;">and thus only
increasing these risks by </font><font size="2" style="font-size:10.0pt;">massively overstating</font><font size="2" style="font-size:10.0pt;">  </font></p>

<p style="margin:0in 1.0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">53</font></p>

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<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 1.0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 1.0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">CSX&#146;s
true returns.&#160; </font><font size="2" style="font-size:10.0pt;">We therefore ask the Board</font><font size="2" style="font-size:10.0pt;"> and management take the following actions . . . . Freeze</font><font size="2" style="font-size:10.0pt;">  <u>growth</u> investment until the fate of the re-regulation bill is known.&#160; It is irresponsible to make long-term
investments without knowing the long-term returns, and the long-term </font><font size="2" style="font-size:10.0pt;">returns are unknowable while the re-regulation risk </font><font size="2" style="font-size:10.0pt;">persists at this heightened
level.&#160; This is a sad outcome, and ironic
as Washington acknowledges the railroads</font><font size="2" style="font-size:10.0pt;">&#146; need to make long-term investments, and yet it is the uncertainty
emanating from Washington that ensures such investments cannot be justifiably
made.</font></p>

<p style="margin:0in 1.0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 1.0in .0001pt 74.6pt;text-indent:-74.6pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(emphasis added)</font></p>

<p style="margin:0in 1.0in .0001pt 74.6pt;text-indent:-74.6pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-indent:1.0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">108.</font><font size="2" style="font-size:10.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; Knowing
that TCI had leveled significant criticism at CSX for its lack of robust
corporate governance standards and its lack of attention to important
developing events on Capitol Hill, CSX chose to avoid addressing a sophisticated
concern about its conduct by shamelessly taking the language entirely out of
context, twisting it to suit the Board, and creating a media-friendly sound
bite for its campaign to entrench the Board.</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-indent:1.0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-indent:1.0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">109.</font><font size="2" style="font-size:10.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; On March&nbsp;5,
2008, Mr.&nbsp;Ward and Snehal Amin of TCI testified during a Congressional
hearing about investment in the railroad industry.&#160; Mr.&nbsp;Ward sat next to Mr.&nbsp;Amin, who
testified concerning the intentions and goals of TCI.&#160; During the Congressional hearing, Mr.&nbsp;Amin
repeatedly made clear that TCI was interested in making a long term investment
in CSX, was in favor of CSX&#146;s continuing to make capital expenditures for
safety and maintenance, and advocated only freezing growth capital expenditures
as a response to regulatory uncertainty.&#160;
Indeed, Mr.&nbsp;Amin specifically said, &#147;On investment, I want to make
one thing very clear.&#160; We have never, nor
would we ever suggest that railroads cut any spending in maintenance or safety.&#148;</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-indent:1.0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-indent:1.0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">110.</font><font size="2" style="font-size:10.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; Nevertheless,
six days later, on March&nbsp;11, 2008, the <i>Washington Times </i>published
an editorial entitled &#147;Rewards for Railroads,&#148; written by Mr.&nbsp;Ward (the &#147;Ward
Editorial&#148;).&#160; The Ward Editorial
criticized the goals of &#147;activist hedge funds&#148; while trumpeting the recent
accomplishments of CSX.</font></h3>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">54</font></p>

<div style="margin:0in 0in .0001pt;"><hr size="3" width="100%" noshade color="#010101" align="left"></div>

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<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-indent:1.0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-indent:1.0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-indent:1.0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">111.</font><font size="2" style="font-size:10.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; In an
attempt to mischaracterize the statements and actions undertaken by TCI, Mr.&nbsp;Ward
made several false and misleading statements, such as, &#147;One hedge fund . . .
actually demanded that CSX freeze investment in its rail system.&#148;&#160; The impact of this statement was further
heightened by Mr.&nbsp;Ward&#146;s false and misleading comment that, &#147;[b]y their
very nature, railroads require constant investment to ensure high levels of
safety and customer service,&#148; falsely implying that the &#147;freeze&#148; purportedly
demanded by TCI jeopardized CSX&#146;s commitment to safety.</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-indent:1.0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-indent:1.0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">112.</font><font size="2" style="font-size:10.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; Mr.&nbsp;Ward
further denounced activist investors, such as TCI, as &#147;short-sighted investors
.. . . merely putting [their] narrow agenda ahead of the long-term interests of
the company, their fellow shareholders, and the customers who sustain the
business.&#148;&#160; Mr.&nbsp;Ward&#146;s false and
misleading statement that TCI is a &#147;short-sighted investor&#148; is yet another
attempt to mischaracterize TCI&#146;s long-term interest in CSX.</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-indent:1.0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-indent:1.0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">113.</font><font size="2" style="font-size:10.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; Edward
J. Kelly III, presiding director of CSX&#146;s Board, also joined in CSX&#146;s parade of
false statements made to stifle its critics, by stating in a press release
issued on the date this lawsuit was commenced that &#147;the [CSX] Board concluded
that TCI is not simply interested in having a representative voice on the
Board, but is instead seeking to achieve effective control of the CSX Board of
Directors and dictate Company strategy.&#148;</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-indent:1.0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-indent:1.0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">114.</font><font size="2" style="font-size:10.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; The
false and misleading statements by CSX, Mr.&nbsp;Ward and Mr.&nbsp;Kelly are
undermined by the fact that they know that TCI and 3G are nominating directors
for only five of the 12 Board seats and that only one of the five director
nominees is affiliated with TCI.&#160; Despite
having full knowledge that TCI and 3G are nominating a <u>minority</u> slate of
nominees, in its February&nbsp;14, 2008 letter to Chris Hohn of TCI, CSX
falsely accused TCI of trying to achieve &#147;effective control of the company
notwithstanding its ownership of only 4% of the shares.&#148;</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-indent:1.0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></h3>

<h3 align="center" style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></h3>

<h3 align="center" style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">55</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">

<hr size="3" width="100%" noshade color="#010101" align="left">

</font></h3>

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<h3 align="center" style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-indent:1.0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-indent:1.0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">115.</font><font size="2" style="font-size:10.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; The
existing public record and statements publicly issued by TCI contradict the
false and misleading statements, in the Ward Editorial, the press release
quoting Mr.&nbsp;Kelly&#146;s and CSX&#146;s filings with the SEC.</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-indent:1.0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-indent:1.0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">116.</font><font size="2" style="font-size:10.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; Although
CSX failed to timely file the Ward Editorial as part of its solicitation
material, the Ward Editorial was filed with the SEC as a Supplemental Schedule
14A on March&nbsp;17, 2008, the day CSX commenced this lawsuit.&#160; Rule&nbsp;14a-9 applies to solicitation
material &#147;made by means of any proxy statement, form of proxy, notice of
meeting or other communication, written or oral.&#148;&#160; This includes &#147;[m]aterial which directly or
indirectly impugns character, integrity or personal reputation, or directly or
indirectly makes charges concerning improper, illegal or immoral conduct or
associations, without factual foundation.&#148;&#160;
17 C.F.R. &#167;&nbsp;240.14a-9.</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-indent:1.0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-indent:1.0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">117.</font><font size="2" style="font-size:10.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; In the
Ward Editorial, Mr.&nbsp;Ward, speaking on behalf of CSX, makes the false
statements described at paragraphs 110-112.&#160;
The statements are false because they misstate and omit material facts
regarding TCI&#146;s investment in, and statements about, CSX.</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-indent:1.0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></h3>

<p style="font-weight:bold;margin:0in 0in .0001pt;page-break-after:avoid;text-align:center;"><b><u><font size="2" face="Times New Roman" style="font-size:10.0pt;">FIRST
COUNTERCLAIM</font></u></b></p>

<p style="font-weight:bold;margin:0in 0in .0001pt;page-break-after:avoid;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></b></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">(Violations
of Section&nbsp;14(a)&nbsp;of the Exchange Act)</font></b></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-indent:1.0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">118.</font><font size="2" style="font-size:10.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; TCI
repeats the allegations of preceding paragraphs 1-117 as if fully set forth
herein.</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-indent:1.0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-indent:1.0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">119.</font><font size="2" style="font-size:10.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; As set
forth herein, the CSX Defendants violated Section&nbsp;14(a)&nbsp;and the rules&nbsp;and
regulations promulgated thereunder by filing incomplete, false and misleading
proxy solicitations, including the CSX Proxy, the Ward Editorial, the February&nbsp;14,
2008 Board letter to TCI, and the March&nbsp;17, 2008 press release announcing
the lawsuit.</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-indent:1.0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></h3>

<h3 align="center" style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></h3>

<h3 align="center" style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">56</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">

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<h3 align="center" style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-indent:1.0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-indent:1.0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">120.</font><font size="2" style="font-size:10.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; The
CSX Proxy is materially false and misleading because it fails to disclose that
CSX set its LTIP performance grants while in possession of material nonpublic
information.</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-indent:1.0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-indent:1.0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">121.</font><font size="2" style="font-size:10.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; The
CSX Proxy is materially false and misleading because it fails to disclose that
the Omnibus Plan, adopted by the shareholders, did not include any provision
that would allow the Board to set grants while in possession of material
nonpublic information.</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-indent:1.0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-indent:1.0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">122.</font><font size="2" style="font-size:10.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; The
CSX Proxy is materially false and misleading because it fails to disclose that
the setting of performance grants under the LTIP violated the company&#146;s
Corporate Governance Guidelines, including its Insider Trading Policy.</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-indent:1.0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-indent:1.0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">123.</font><font size="2" style="font-size:10.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; The
CSX Proxy is materially false and misleading because it fails to disclose how
the awards pursuant to the LTIP were determined.</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-indent:1.0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-indent:1.0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">124.</font><font size="2" style="font-size:10.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; The
CSX Proxy is materially false and misleading because it fails to disclose that
the amount of the annual stock grant under the Stock Plan was determined while
the Board was in possession of material nonpublic information.</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-indent:1.0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-indent:1.0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">125.</font><font size="2" style="font-size:10.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; The
CSX Proxy is materially false and misleading because it fails to disclose that
the discretionary grant was awarded during the Blackout Period.</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-indent:1.0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-indent:1.0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">126.</font><b><font size="2" style="font-size:10.0pt;font-weight:bold;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font></b><font size="2" style="font-size:10.0pt;">The CSX Proxy
is materially false and misleading because it fails to disclose when the shares
were awarded to the Board under the Stock Plan.</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-indent:1.0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-indent:1.0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">127.</font><b><font size="2" style="font-size:10.0pt;font-weight:bold;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font></b><font size="2" style="font-size:10.0pt;">The CSX Proxy
is materially false and misleading because it fails to disclose how the awards
pursuant to the Stock Plan are determined.</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-indent:1.0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-indent:1.0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">128.</font><font size="2" style="font-size:10.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; The
CSX Proxy is materially false and misleading because it fails to disclose that
the directors&#146; shares were awarded in violation of CSX&#146;s Insider Trading
Policy, Corporate Governance Guidelines and Code of Ethics.</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-indent:1.0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></h3>

<h3 align="center" style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></h3>

<h3 align="center" style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">57</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">

<hr size="3" width="100%" noshade color="#010101" align="left">

</font></h3>

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<h3 align="center" style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-indent:1.0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-indent:1.0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">129.</font><font size="2" style="font-size:10.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; The
CSX Proxy is materially false and misleading because it is a disingenuous
effort to appear responsive to the CSX shareholders&#146; previously expressed
wishes underlying the 2007 Proposal</font><font size="2" style="font-size:10.0pt;">.</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-indent:1.0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-indent:1.0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">130.</font><font size="2" style="font-size:10.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; The
CSX Proxy is materially false and misleading because it omits clear disclosure
that only shareholders of record may make a request for a special meeting.</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-indent:1.0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-indent:1.0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">131.</font><font size="2" style="font-size:10.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; The
CSX Proxy is materially false and misleading because it omits a description of
the &#147;safeguards&#148; identifying the practical barriers any shareholder seeking to
perfect this right would face.</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-indent:1.0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-indent:1.0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">132.</font><font size="2" style="font-size:10.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; The
CSX Proxy is materially false and misleading because it omits the requirement
that shares must be held through the meeting date, which is an extraordinary
requirement that differs from the requirements of the annual meeting.</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-indent:1.0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-indent:1.0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">133.</font><font size="2" style="font-size:10.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; The
CSX Proxy is materially false and misleading because it omits any description
of the annual meeting procedures that would allow shareholders to evaluate CSX&#146;s
accuracy in asserting that the procedural &#147;safeguards&#148; for special meetings are
&#147;similar&#148; to the procedural requirements for presenting shareholder matters at
annual meetings.</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-indent:1.0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-indent:1.0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">134.</font><font size="2" style="font-size:10.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; The
CSX Proxy is materially false and misleading because it omits disclosures
describing the Article&nbsp;VIII powers to amend the Limited Special Meeting
Proposal without obtaining shareholder approval.</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-indent:1.0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-indent:1.0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">135.</font><font size="2" style="font-size:10.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; The
CSX Proxy is materially false and misleading because it contains material
misstatements describing the TCI Proposal.</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-indent:1.0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-indent:1.0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">136.</font><font size="2" style="font-size:10.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; The
CSX Proxy is materially false and misleading because it omits material facts
regarding the procedural hurdles imposed by the CSX Limited Special Meeting
Proposal.</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-indent:1.0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></h3>

<h3 align="center" style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></h3>

<h3 align="center" style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">58</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">

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</font></h3>

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<h3 align="center" style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-indent:1.0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-indent:1.0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">137.</font><font size="2" style="font-size:10.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; The
CSX Proxy is false and misleading because CSX favors its restrictive proposal
in opposition to the two unconditional shareholder proposals that compete
directly with the CSX Limited Special Meeting Proposal, in violation of Rule&nbsp;14a-4(a)(3).</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-indent:1.0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-indent:1.0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">138.</font><font size="2" style="font-size:10.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; Mr.&nbsp;Ward&#146;s
statements as CSX&#146;s CEO in the Ward Editorial are materially false and
misleading because they misstate and omit material facts regarding TCI&#146;s
investment in, and statements about, CSX.</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-indent:1.0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-indent:1.0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">139.</font><font size="2" style="font-size:10.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; The February&nbsp;14,
2008 proxy materials are materially false and misleading because they
deliberately mischaracterize a 4% beneficial ownership position and a minority
board slate as &#147;control.&#148;</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-indent:1.0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-indent:1.0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">140.</font><font size="2" style="font-size:10.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; The March&nbsp;17,
2008 proxy materials are materially false and misleading because they omit
material information with regard to the real reasons CSX commenced this lawsuit
against TCI and 3G.</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-indent:1.0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-indent:1.0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">141.</font><font size="2" style="font-size:10.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; The
omissions and misrepresentations in the CSX Proxy, the Ward Editorial, and CSX&#146;s
other regulatory filings regarding this contested solicitation concern
information material to CSX shareholders and the investing public.</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-indent:1.0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-indent:1.0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">142.</font><font size="2" style="font-size:10.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; CSX&#146;s
shareholders and the investing public will be irreparably harmed in the absence
of the declaratory and equitable relief as prayed for herein.</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-indent:1.0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></h3>

<p style="font-weight:bold;margin:0in 0in .0001pt;page-break-after:avoid;text-align:center;"><b><u><font size="2" face="Times New Roman" style="font-size:10.0pt;">SECOND
COUNTERCLAIM</font></u></b></p>

<p style="font-weight:bold;margin:0in 0in .0001pt;page-break-after:avoid;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></b></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;text-indent:0in;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">(Violations of Section&nbsp;20(a)&nbsp;of the Exchange Act)</font></b></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;text-indent:0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-indent:1.0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">143.</font><font size="2" style="font-size:10.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; TCI repeats the allegations of preceding paragraphs 1-142<b>  </b>as if fully set forth herein.</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-indent:1.0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-indent:1.0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">144.</font><font size="2" style="font-size:10.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; Counterclaim
Defendant Michael Ward maintained discretionary authority to control or
influence the conduct of CSX, including CSX&#146;s actions and omissions in
violation of Section&nbsp;14(a)&nbsp;of the Exchange Act complained of herein.</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-indent:1.0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></h3>

<h3 align="center" style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></h3>

<h3 align="center" style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">59</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">

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</font></h3>

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<div style="font-family:Times New Roman;">

<h3 align="center" style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-indent:1.0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-indent:1.0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">145.</font><font size="2" style="font-size:10.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; Counterclaim
Defendant Ward is a controlling person of CSX within the meaning of Section&nbsp;20(a)&nbsp;of
the Exchange Act and is liable for the violations of Section&nbsp;14(a)&nbsp;of
the Exchange Act as pleaded herein.</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-indent:1.0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></h3>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;text-indent:0in;"><b><u><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">THIRD COUNTERCLAIM</font></u></b></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;text-indent:0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;text-indent:0in;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">(Violation of Virginia Code &#167;&nbsp;13.1-624)</font></b></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;text-indent:0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-indent:1.0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">146.</font><font size="2" style="font-size:10.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">TCI repeats the allegations
of preceding paragraphs 1-145 as if fully set forth herein.</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-indent:1.0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-indent:1.0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">147.&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">Virginia Code &#167;
13.1-680 protects the rights of shareholders by mandating that &#147;[t]he
shareholders may remove one or more directors with or without cause, unless the
Articles of Incorporation provide that directors may be removed only with
cause.&#148;</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-indent:1.0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-indent:1.0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">148.&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">CSX&#146;s articles
of incorporation do not limit the circumstances under which directors may be
removed; therefore, CSX directors may be removed with or without cause.</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-indent:1.0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-indent:1.0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">149.&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">Virginia Code &#167;
13.1-624 states that &#147;[t]he bylaws of a corporation may contain any provision
for managing the business and regulating the affairs of the corporation that is
not inconsistent with law or the articles of incorporation.&#148;</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-indent:1.0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-indent:1.0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">150.&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">Because it
operates to bar a special shareholder meeting from being called for the purpose
of removing existing directors and electing shareholder-nominated directors,
the February&nbsp;Amendment infringes upon shareholders&#146; rights guaranteed by
Virginia Code &#167;&nbsp;13.1-680 and thus violates Virginia Code &#167; 13.1-624.</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-indent:1.0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-indent:1.0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">151.</font><font size="2" style="font-size:10.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; Pursuant to the Declaratory Judgment Act, 28 U.S.C. &#167;&nbsp;2201,
TCI is entitled to a declaration of this court that the February&nbsp;Amendment
violates applicable Virginia law and is therefore void.</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-indent:1.0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></h3>

<p style="font-weight:bold;margin:0in 0in .0001pt;page-break-after:auto;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:normal;">&nbsp;</font></b></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">60</font></p>

<div align="center" style="margin:0in 0in .0001pt;text-align:center;"><hr size="3" width="100%" noshade color="#010101" align="center"></div>

</div>
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<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="font-weight:bold;margin:0in 0in .0001pt;page-break-after:auto;text-align:center;"><b><u><font size="2" face="Times New Roman" style="font-size:10.0pt;">PRAYER FOR RELIEF</font></u></b></p>

<p style="font-weight:bold;margin:0in 0in .0001pt;page-break-after:auto;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></b></p>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt 1.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">WHEREFORE, TCI prays for relief in the form of an Order:</font></h3>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></h3>

<h4 style="font-weight:normal;margin:0in 0in .0001pt;text-indent:1.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(a)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; Declaring
that CSX failed to file timely, complete and accurate disclosures in violation
of Section&nbsp;14(a)&nbsp;of the Act;</font></h4>

<h4 style="font-weight:normal;margin:0in 0in .0001pt;text-indent:1.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></h4>

<h4 style="font-weight:normal;margin:0in 0in .0001pt;text-indent:1.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(b)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; Directing
that CSX file truthful and accurate Schedule 14A disclosures, in compliance
with the applicable rules&nbsp;and regulations, forthwith;</font></h4>

<h4 style="font-weight:normal;margin:0in 0in .0001pt;text-indent:1.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></h4>

<h4 style="font-weight:normal;margin:0in 0in .0001pt;text-indent:1.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(c)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; Declaring
that CSX&#146;s Board of Directors was in violation of the CSX&#146;s Insider Trading
Policy, Corporate Governance Guidelines, CSX&#146;s Code of Ethics and Bylaws;</font></h4>

<h4 style="font-weight:normal;margin:0in 0in .0001pt;text-indent:1.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></h4>

<h4 style="font-weight:normal;margin:0in 0in .0001pt;text-indent:1.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(d)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; Directing
that the February&nbsp;Amendment is void under Virginia Code &#167;&#167; 13.1-680 and
13.1-624;</font></h4>

<h4 style="font-weight:normal;margin:0in 0in .0001pt;text-indent:1.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></h4>

<h4 style="font-weight:normal;margin:0in 0in .0001pt;text-indent:1.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(e)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; Enjoining
CSX from proposing the CSX Limited Special Meeting Proposal from being
considered at the June&nbsp;25, 2008 Shareholders Meeting or, if rescheduled,
any annual shareholders meeting scheduled for 2008;</font></h4>

<h4 style="font-weight:normal;margin:0in 0in .0001pt;text-indent:1.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></h4>

<h4 style="font-weight:normal;margin:0in 0in .0001pt;text-indent:1.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(f)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; Enjoining
CSX from voting proxies received prior to such time as the Court ascertains
that CSX has filed an accurate and compliant proxy statement;</font></h4>

<h4 style="font-weight:normal;margin:0in 0in .0001pt;text-indent:1.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></h4>

<h4 style="font-weight:normal;margin:0in 0in .0001pt;text-indent:1.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(g)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; Enjoining
CSX from committing any violations of Rule&nbsp;14a-9 in connection with any
further solicitation relating to the June&nbsp;25, 2008 Shareholder Meeting.</font></h4>

<h4 style="font-weight:normal;margin:0in 0in .0001pt;text-indent:1.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></h4>

<h4 style="font-weight:normal;margin:0in 0in .0001pt;text-indent:1.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(h)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; Directing
the CSX Board of Directors to pay for the preparation and filing of CSX&#146;s
amended proxy statement;</font></h4>

<h4 style="font-weight:normal;margin:0in 0in .0001pt;text-indent:1.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></h4>

<h4 style="font-weight:normal;margin:0in 0in .0001pt;text-indent:1.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(i)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; Granting
costs, including attorneys&#146; fees; and</font></h4>

<h4 style="font-weight:normal;margin:0in 0in .0001pt;text-indent:1.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></h4>

<h4 style="font-weight:normal;margin:0in 0in .0001pt;text-indent:1.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(j)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; Granting
such other and further relief as the Court may deem just and proper.</font></h4>

<h4 style="font-weight:normal;margin:0in 0in .0001pt;text-indent:1.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></h4>

<h4 align="center" style="font-weight:normal;margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></h4>

<h4 align="center" style="font-weight:normal;margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">61</font></h4>

<h4 style="font-weight:normal;margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">

<hr size="3" width="100%" noshade color="#010101" align="left">

</font></h4>

</div>
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<div>

<h4 align="center" style="font-weight:normal;margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></h4>

<h4 style="font-weight:normal;margin:0in 0in .0001pt;text-indent:1.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></h4>

<h3 style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Dated April&nbsp;4, 2008</font></h3>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

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  <p style="margin:0in 0in .0001pt;"><i><font size="2" face="Times New Roman" style="font-size:10.0pt;font-style:italic;">Christopher
  Hohn, and Snehal Amin</font></i></p>
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<h3 align="center" style="font-weight:normal;line-height:normal;margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">62</font></h3>

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</font></h3>

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