Union Pacific Corporation’s CFO to Address Merrill Lynch Global Transportation Conference

Omaha, Neb.– Rob Knight, executive vice president - Finance and chief financial officer of Union Pacific Corporation (NYSE: UNP), will discuss the Company’s franchise, growth opportunities and efficiency efforts at the Merrill Lynch Global Transportation Conference at 12:35 p.m. ET on Thursday, June 14, 2007 in New York, N.Y.

Interested investors may listen to the presentation via a live Internet webcast. The audio webcast and presentation material will be available through our Web site at www.up.com under Investors. To listen to the call, please go to our Web site at least fifteen minutes early to register and install any necessary software. Following the live webcast, an Internet replay of the presentation will be available through Union Pacific’s Web site.