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News Release
BNSF Board of Directors Approves Increase in Share Repurchase Program
FORT WORTH, Texas, January 16, 2003:
The Board of Directors of Burlington Northern Santa Fe Corporation (BNSF) (NYSE: BNI) today authorized the extension of the current BNSF share repurchase program, adding 30 million shares to the total of 120 million shares previously authorized in equal amounts in July 1997, December 1999, April 2000 and September 2000.
BNSF has repurchased more than 116 million of the shares previously authorized. Common shares outstanding on December 31, 2002, totaled approximately 376 million.
Through its subsidiary, The Burlington Northern and Santa Fe Railway Company, BNSF operates one of the largest railroad networks in North America, with 33,000 route miles covering 28 states and two Canadian provinces. BNSF is an industry leader in Web-enabling a variety of customer transactions at www.bnsf.com. The railway is among the world's top transporters of intermodal traffic, moves more grain than any other American railroad, transports the mineral components of many of the products we depend on daily, and hauls enough coal to generate about 10 percent of the electricity produced in the United States.
For more information on the company and its transportation solutions, visit the BNSF Web site at www.bnsf.com
BNSF Headquarters
BNSF Railway Company
2650 Lou Menk Dr. 2nd Floor
P.O. Box 961057
Fort Worth, TX 76161-0057
Phone: (817) 352-1000
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