General Charles C. Krulak Elected to Board of Directors of Union Pacific Corporation

Omaha, Neb., January 26, 2006 – Union Pacific Corporation (NYSE: UNP) today announced that General Charles C. Krulak, 63, has been elected to the company’s board of directors. After 35 years of distinguished service in the Marine Corps, General Krulak retired from the military in 1999 and joined MBNA Corporation where he served as executive vice chairman and chief administrative officer. In this role, Krulak was responsible for corporate development and acquisitions, personnel, compensation and benefits, as well as employee education and career development. Prior to this assignment, he held the position of chief executive officer of MBNA Europe Bank Limited. He retired from MBNA in 2005.

Krulak also serves on the boards of directors of ConocoPhillips and Phelps Dodge. He also serves as Chairman of the Board of Visitors of the U. S. Naval Academy.

"General Krulak has achieved distinguished careers in both the military and financial services industry and we are very pleased that he has agreed to join our board," said Dick Davidson, Chairman of the Board for Union Pacific.

Union Pacific Corporation owns one of America's leading transportation companies. Its principal operating company, Union Pacific Railroad, links 23 states in the western two-thirds of the country and serves the fastest-growing U.S. population centers. Union Pacific’s diversified business mix includes Agricultural Products, Automotive, Chemicals, Energy, Industrial Products and Intermodal. The railroad offers competitive long-haul routes from all major West Coast and Gulf Coast ports to eastern gateways. Union Pacific connects with Canada’s rail systems and is the only railroad serving all six major gateways to Mexico, making it North America’s premier rail franchise.

For more information, please contact James Barnes at (402) 544-3560.

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