UPDATE: Alpha Natural Resources Acquires Massey Energy Company

Alpha Natural Resources, Inc. ANR announced today that it has completed its acquisition of Massey Energy Company, creating a premier coal company in the United States and a global leader in metallurgical coal supply. In accordance with the terms of the definitive merger agreement announced on January 29, 2011, Massey stockholders receive 1.025 shares of common stock of Alpha and $10.00 in cash for each share of Massey common stock they owned at today's closing. Massey stockholders now own approximately 46 percent and stockholders of Alpha prior to the merger now own approximately 54 percent of Alpha on a fully diluted basis. Alpha Natural Resources now controls the second largest coal reserve base in the U.S. with approximately five billion tons in the major coal basins of Central and Northern Appalachia, the Illinois Basin and the Powder River Basin. Furthermore, Alpha's metallurgical reserve base is among the largest and highest-quality in the world. Alpha's diversified assets now include approximately 150 coal mines and 40 preparation plants. Pro forma revenues of $6.9 billion in 2010 also rank Alpha second among U.S. coal suppliers.