Press Releases

The board of directors of Peabody Energy today declared a regular quarterly dividend on its common stock of $0.125 per share. The dividend is payable on Nov. 26, 2003, to holders of record on Nov. 4, 2003. Peabody raised its dividend 25 percent on July 22, 2003.

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