Press Releases

Peabody Energy today announced several human resources changes designed to place greater emphasis on aggressively managing health care costs while providing quality benefits services to employees.

  -- Julie A. Nadolny has been named director of benefits strategies and
     development.  Nadolny reports to Vice President of Benefits Lina A.
     Young in this new position, which will focus on the implementation of
     innovative strategies to manage health care inflation while providing
     quality employee and retiree benefits.  Nadolny has held several
     Peabody human resources positions since joining the company in 1994,
     and most recently served as director of compensation and retirement
     plans.  Prior to joining Peabody, Nadolny held human resources
     positions with Pyramid Northern Moldings and Continental Bank
     Corporation, both in Chicago.  She holds a bachelor's degree in
     economics from the University of Illinois and is pursuing an MBA from
     Washington University in St. Louis.

     Also reporting to Lina Young is Danny Moriarty, director of benefits
     cost management, with responsibilities for case management of high-cost
     health care and workers' compensation cases, and for ensuring the
     performance of third-party benefit administrators; and a director of
     benefits administration function to be filled, which will include day-
     to-day administration of health care, workers' compensation and
     retirement plans.

  -- Sara E. Wade has been promoted to director of compensation.  Reporting
     to Executive Vice President of Human Resources and Administration
     Sharon D. Fiehler, Wade will direct development and implementation of
     the company's compensation and incentive plans.  Wade has served in a
     number of roles for Peabody since joining the company in 1996,
     including manager of compensation and manager of financial reporting.
     Prior to joining Peabody, Wade held positions with KPMG Peat Martwick.
     Wade holds a bachelor's degree in accountancy from the University of
     Illinois and is a certified public accountant.

Peabody Energy is the world's largest private-sector coal company, with 2002 sales of 198 million tons of coal and $2.7 billion in revenues. Its coal products fuel more than 9 percent of all U.S. electricity generation and more than 2 percent of worldwide electricity generation.

CONTACT: Vic Svec of Peabody Energy, 314-342-7768

SOURCE: Peabody Energy