Union Pacific Corporation Elects Andrew Card a Director

Omaha, Neb., July 27, 2006 – Union Pacific Corporation (NYSE: UNP) today announced that Andrew Card has been elected to the company's board of directors. This will expand the size of the Union Pacific board of directors to 10 members.

Mr. Card served as Chief of Staff to President George W. Bush from November 2000, to April 2006. Prior to joining the White House, he was Vice President-Government Relations for General Motors Corporation. From 1993 to 1998, Mr. Card was President and Chief Executive Officer of the American Automobile Manufacturers Association. Mr. Card served as the 11th Secretary of Transportation under President George H.W. Bush from 1992 through 1993. He also served as a Deputy Assistant to the President and Director of Intergovernmental Affairs for President Ronald Reagan.

"Andy is a very talented person who will bring great insight and experience to our board," said Jim Young, Union Pacific's president and chief executive officer. "We are delighted that he has agreed to serve as a director of our company."

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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