Press Releases

Peabody Energy has announced that Roger H. Goodspeed will step down from the Peabody board of directors today. Goodspeed has been a Peabody director since May 1998 and retired from Lehman Brothers Inc. in May 2003 after more than 28 years of service.

The board resignation follows a further reduction of ownership by the Lehman Brothers Merchant Banking Partners II Fund in July. The fund currently owns a 19 percent interest in Peabody, down from 59 percent in May 2001.

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, +1-314-342-7768.

SOURCE: Peabody Energy