Peabody Energy Corporation (“BTU”) has announced a distribution of (New) Patriot Coal Corporation (“PCX”) Common Shares. The distribution ratio is .10 PCX Common Shares per BTU Common Share. The record date is October 22, 2007; the mail date is October 31, 2007. The New York Stock Exchange (“NYSE”) has set November 1, 2007 as the ex-distribution of the distribution. The NYSE has determined due-bills for the PCX distribution must accompany each BTU Share delivered after November 1, 2007 in settlement of BTU transactions made prior to the ex-date.

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