Arch Coal (ACI)

Forward-looking information

This presentation contains “forward-looking statements” – that is, statements
related to future, not past, events.  In this context, forward-looking statements
often address our expected future business and financial performance, and often
contain words such as “expects,” “anticipates,” “intends,” “plans,” “believes,”
“seeks,” or “will.”  Forward-looking statements by their nature address matters
that are, to different degrees, uncertain. For us, particular uncertainties arise from
changes in the demand for our coal by the domestic electric generation industry;
from legislation and regulations relating to the Clean Air Act and other
environmental initiatives; from operational, geological, permit, labor and
weather-related factors; from fluctuations in the amount of cash we generate
from operations; from future integration of acquired businesses; and from
numerous other matters of national, regional and global scale, including those of
a political, economic, business, competitive or regulatory nature. These
uncertainties may cause our actual future results to be materially different than
those expressed in our forward-looking statements. We do not undertake to
update our forward-looking statements, whether as a result of new information,
future events or otherwise, except as may be required by law. For a description of
some of the risks and uncertainties that may affect our future results, you should
see the risk factors described from time to time in the reports we file with the
Securities and Exchange Commission.

Slide 2