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News Release

Arch Coal Declares Quarterly Dividend

ST. LOUIS (October 26, 2006) – The board of directors of Arch Coal, Inc. (NYSE:ACI) today declared a quarterly dividend of $0.06 per share on the company's common stock. The dividend is payable December 15, 2006, to shareholders of record on December 5, 2006.

St. Louis-based Arch Coal is the nation's second largest coal producer. The company's core business is providing U.S. power generators with clean-burning, low-sulfur coal for electric generation. Through its national network of mines, Arch supplies the fuel for approximately 6 percent of the electricity generated in the United States.