Regulation FD Disclosure (Form 8-K)

Regulation FD Disclosure.

On September 16, 2021 an article was published by the Financial Times (the article), based on an interview with Lance M. Fritz, Chairman, President and Chief Executive Officer of Union Pacific Corporation (the Company). The article states 'the financial impact of wildfires and heavy rains on the Union Pacific railway so far this year could top $100 m[illion].' The Company is clarifying the financial impact-including revenue, operating expenses and capital investment, of Winter Storm Uri, California wildfires, and heavy rains in the South and Southeast part of the Company's network-exceeds $100 million so far this fiscal year. For the third quarter, the Company estimates the wildfire and heavy rain impact on operating expenses to be approximately $20 million.

This Form 8-K contains forward-looking statements as defined by the Securities Act of 1933 and the Securities Exchange Act of 1934. Forward-looking statements also generally include, without limitation, information or statements regarding: projections, predictions, expectations, estimates or forecasts as to the Company's and its subsidiaries' business, financial, and operational results, and future economic performance; and management's beliefs, expectations, goals, and objectives and other similar expressions concerning matters that are not historical facts.



Forward-looking statements should not be read as a guarantee of future performance or results, and will not necessarily be accurate indications of the times that, or by which, such performance or results will be achieved. Forward-looking information, including expectations regarding operational and financial improvements and the Company's future performance or results are subject to risks and uncertainties that could cause actual performance or results to differ materially from those expressed in the statement. Important factors, including the impact of the COVID-19 pandemic and responses by governments, businesses, and individuals thereto, and risk factors discussed in the Company's Annual Report on Form 10-K for 2020, which was filed with the SEC on February 5, 2021 could affect the Company's and its subsidiaries' future results and could cause those results or other outcomes to differ materially from those expressed or implied in the forward-looking statements.



Forward-looking statements speak only as of, and are based only upon information available on, the date the statements were made. The Company assumes no obligation to update forward-looking information to reflect actual results, changes in assumptions or changes in other factors affecting forward-looking information. If the Company does update one or more forward-looking statements, no inference should be drawn that the Company will make additional updates with respect thereto or with respect to other forward-looking statements.

‎