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Massey Energy Declares Increased Quarterly Dividend

November 11, 2008

RICHMOND, Va., Nov. 11 /PRNewswire-FirstCall/ — Massey Energy Company today reported that its Board of Directors, at a regularly scheduled meeting, declared a dividend for the fourth quarter of 2008 in the amount of $0.06 per share to be paid on December 31, 2008 to shareholders of record on December 17, 2008.

(Logo: http://www.newscom.com/cgi-bin/prnh/20071031/MASSEYENERGYLOGO )

The $0.06 per share dividend represents a 20 percent increase over last quarter and is the second increase implemented by the Massey Board in the past 12 months.

Company Description

Massey Energy Company, headquartered in Richmond, Virginia, with operations in West Virginia, Kentucky and Virginia, is the fourth largest coal company in the United States based on produced coal revenue and is included in the S&P 500 index.

Photo: http://www.newscom.com/cgi-bin/prnh/20071031/MASSEYENERGYLOGOAP Archive: http://photoarchive.ap.org/PRN Photo Desk, photodesk@prnewswire.com

Massey Energy Company

CONTACT: Roger Hendriksen, Director, Investor Relations of Massey EnergyCompany, +1-804-788-1824

Web site: http://www.masseyenergyco.com/




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