Union Pacific Announces Annual Payments of Interest on Certain Bonds and Debentures

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<p>Union Pacific Railroad Company announced today that it has determined the contingent interest and sinking fund payments due in respect of Available Net Income for 2014 under the terms of certain bonds and debentures originally issued by the Missouri Pacific Railroad Company (MPRR). Union Pacific Railroad Company is required to publicly announce such annual determination. The bonds and debentures were assumed by Union Pacific Railroad Company as a result of the merger of MPRR with and into Union Pacific Railroad Company on January 1, 1997.</p>

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