BRIEF-Peabody Announcement Regarding Reducing Slate Of Directors Standing For Re-Election

Reuters03-29

March 28 (Reuters) - Peabody Energy Corp :

* PEABODY ANNOUNCEMENT REGARDING REDUCING SLATE OF DIRECTORS STANDING FOR RE-ELECTION

* PEABODY ENERGY: CURRENT MEMBERS OF BOARD SAMANTHA B. ALGAZE AND DAVID J. MILLER HAVE DETERMINED THAT THEY WILL NOT STAND FOR RE-ELECTION

* PEABODY ENERGY CORP: BOARD WILL BE REDUCED BY TWO DIRECTORS EFFECTIVE AT ANNUAL MEETING

* PEABODY ENERGY CORP - ELLIOTT, PREVIOUSLY PEABODY'S LARGEST STOCKHOLDER, HAS REDUCED THEIR OWNERSHIP STAKE SIGNIFICANTLY, TO BELOW FIVE PERCENT

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