CP SHIPS INTRODUCES STOCK SALE PROGRAM FOR SMALL SHAREHOLDERS

CP SHIPS INTRODUCES STOCK SALE PROGRAM FOR SMALL SHAREHOLDERS    CP Ships Ltd. has announced a program that enables registered and beneficial shareholders who own 99 or fewer common shares in the company to sell their shares without incurring brokerage commission.
   Because of the way the Canadian Pacific conglomerate was broken up into separate companies last year, many shareholders in CP Ships hold only a few shares.
   The program to sell stock is voluntary, and will expire on Feb. 7, 2003, unless extended.
   CP Ships said that it has developed this program to assist eligible shareholders in selling their shares in a convenient and inexpensive manner. It made no recommendation as to whether a shareholder should participate in the program.
   Once sold, the shares will not be bought back by CP Ships, but will be bundled into larger lots and sold on to interested buyers on the stock market.