Providence and Worcester Railroad Company (NASDAQ: “PWX”) announced that Robert H. Eder, the Company’s Chairman and Chief Executive Officer, sustained a head injury as result of a fall while hiking. He underwent successful surgery to relieve an intracranial bleed and is expected to fully recover and return to work within several weeks.

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This release contains “forward-looking statements” within the meaning of section 21E of the Securities and Exchange Act of 1934, as amended. These forward-looking statements represent the Company’s present expectations or beliefs concerning future events. The Company cautions that such statements are necessarily based on certain assumptions which are subject to risks and uncertainties, including, but not limited to, changes in general economic condition, and changing competition which could cause actual results to differ materially from those indicated herein. Further information on these risk factors is included in the Company’s filings with the Securities and Exchange Commission.

Providence and Worcester Railroad CompanyCharles D. Rennick, 508-755-4000, ext. 365Fax 508-795-0748

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