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 August 25, 2004, to holders of record on August 4, 2004.

Peabody Energy is the world's largest private-sector coal company, with 2003 sales of 203 million tons of coal and $2.8 billion in revenues. Its coal products fuel more than 10 percent of all U.S. electricity and more than 2.5 percent of worldwide electricity.

   CONTACT:
   Vic Svec
   (314) 342-7768

SOURCE: Peabody Energy