Financial

Union Pacific Corporation Announces a $3.1 Billion Capital Plan for 2017 and Declares First Quarter 2017 Dividend

Omaha, Neb., February 2, 2017

The Board of Directors of Union Pacific Corporation (NYSE: UNP) today approved the Company's 2017 capital plan of approximately $3.1 billion, down about $400 million versus 2016. The plan includes $300 million to further implement Positive Train Control.

"The 2017 capital plan reflects our continued commitment to safety, productivity and future profitable growth," said Rob Knight, Union Pacific chief financial officer. "Our capital investments serve a critical role in adding value for our customers and shareholders."

The Board also declared a quarterly dividend of 60.5 cents per share on the company’s common stock, payable March 31, 2017, to shareholders of record February 28, 2017.

Union Pacific has paid dividends on its common stock for 118 consecutive years.

ABOUT UNION PACIFIC

Union Pacific Railroad is the principal operating company of Union Pacific Corporation (NYSE: UNP). One of America's most recognized companies, Union Pacific Railroad connects 23 states in the western two-thirds of the country by rail, providing a critical link in the global supply chain. From 2007-2016, Union Pacific invested approximately $34 billion in its network and operations to support America's transportation infrastructure. The railroad's diversified business mix includes Agricultural Products, Automotive, Chemicals, Coal, Industrial Products and Intermodal. Union Pacific serves many of the fastest-growing U.S. population centers, operates from all major West Coast and Gulf Coast ports to eastern gateways, connects with Canada's rail systems and is the only railroad serving all six major Mexico gateways. Union Pacific provides value to its roughly 10,000 customers by delivering products in a safe, reliable, fuel-efficient and environmentally responsible manner.

Union Pacific Investor contact: Mike Staffenbeal at 402-544-4227 or mstaffen@up.com

The statements and information contained in the news releases provided by Union Pacific speak only as of the date issued. Such information by its nature may become outdated, and investors should not assume that the statements and information contained in Union Pacific's news releases remain current after the date issued. Union Pacific makes no commitment, and disclaims any duty, to update any of this information.

Media Contact

Calli Hite
402-544-0100
callihite@up.com
@callihite

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