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Dow and Union Pacific On Track to Improve Rail Safety and Security

Companies announce progress in efforts to safeguard chemical shipping across U.S. railways

Midland, Mich. and Omaha, Neb., April 14, 2009 – The Dow Chemical Company and Union Pacific Railroad - both leading companies in their respective industries – today announced great advancements and progress on the mutually set goals designed to enhance the safe transport of chemicals across the United States.

The two companies issued a progress report of the goals outlined in a Memorandum of Cooperation (MOC) that they signed in March 2007 to build on their long history of working together to improve safety and security in chemical transportation. The agreement includes specific transportation enhancements the companies pledged to achieve together by 2017 or sooner.

"Dow and Union Pacific are as committed as ever to our shared vision of ensuring the safe and secure transportation of essential products and materials through each community we touch," said David Kepler, executive vice president of Dow's Business Services. "We outlined some very aggressive goals and we are extremely pleased to announce that by the end of 2008 we have achieved progress in every one of the eight goal areas we set in 2007."

"Union Pacific and Dow are major contributors to the chemical supply chain that is critical to our nation's economy, and also to homeland security, public health, safety and welfare," said Jim Young, chairman and CEO, Union Pacific. "Our priority is making sure that these products arrive by the safest, most environmentally friendly mode of freight transportation so that almost everything in our daily lives – the water we drink, the plastics bottles that carry it, our computers, cars, clothes and medicines - has the chemicals needed to make it all possible."

Dow and Union Pacific pledged to enhance chemical transportation over the more than 160,000 miles of rail in the U.S. through a variety of innovative solutions and public-private partnerships. From industry-wide railway crossing safety initiatives and Global Positioning Satellite (GPS) sensors that track railcar movements, to designing the next generation of rail tank cars, the range is far reaching. By working with local and national safety agencies, the combined work is developing products and processes that are safer than ever before; and the future possibilities are even greater. More importantly, these joint improvements are helping companies to better manage their inventories and supply chain from beginning to end.

Dow and Union Pacific's eight jointly created goals are consistent with the principles and practices of Responsible Care®, a voluntary chemical industry initiative that Dow and other leading companies helped establish in 1985 to drive continuous improvement in the safe and secure manufacture, distribution and use of chemical products. Each of the following goals plays a distinctive role in improving the rail bulk transportation infrastructure:

  1. Expand the TRANSportation Community Awareness and Emergency Response (TRANSCAER®) Program
  2. Improve Shipment Visibility
  3. Develop the Next Generation Rail Tank Car
  4. Improve Supply Chain Design
  5. Eliminate Non-Accidental Releases (NAR)
  6. Deploy Communications-Based Train Control/Anti-Collision System (Positive Train Control)
  7. Reduce Movement in High-Threat Urban Areas
  8. Improve Accident Prevention

About 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. Union Pacific serves many of the fastest-growing U.S. population centers and provides Americans with a fuel-efficient, environmentally responsible and safe mode of freight transportation. Union Pacific's diversified business mix includes Agricultural Products, Automotive, Chemicals, Energy, Industrial Products and Intermodal. The railroad emphasizes excellent customer service and offers competitive 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.

About Dow

With annual sales of $58 billion and 46,000 employees worldwide, Dow is a diversified chemical company that combines the power of science and technology with the "Human Element " to constantly improve what is essential to human progress. The Company delivers a broad range of products and services to customers in around 160 countries, connecting chemistry and innovation with the principles of sustainability to help provide everything from fresh water, food and pharmaceuticals to paints, packaging and personal care products. References to "Dow" or the "Company" mean The Dow Chemical Company and its consolidated subsidiaries unless otherwise expressly noted.

For further information for Union Pacific: Donna Kush, (402) 544-3753

For further information for Dow: Jeff Lichon, (989) 638-3193

Trademarks:

®The DOW Diamond is a trademark of The Dow Chemical Company

®Responsible Care is a service mark of The American Chemistry Council in the United States

®TRANSCAER is a trademark of the Transportation Community Awareness and Emergency Response

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.