Westmoreland Coal Company

Founded in 1854, Westmoreland Coal Company is a premier U.S. energy company with strong leadership, a solid foundation of tangible assets and a proven strategy for growth. Having transitioned from predominantly eastern underground coal production over the past decade, the Company’s current operations include surface coal mining complexes in three western states and power operations in the east and west. Today, Westmoreland employs over 1,125 people in six states, and is producing approximately 30 million tons of coal and generating 1.6 million megawatt hours of electric power annually. Westmoreland also provides post-retirement benefits to over 2,000 people, mostly former coal miners and their dependents.Westmoreland's emphasis is on mine-mouth operations. This positions the Company as the lowest-cost fuel supplier to some of the cleanest, most economical and highly utilized coal-fired utility-owned power plants in America.

Westmoreland has also developed eight independent power projects, and currently owns 100% of two projects. The Company’s two North Carolina plants are coal-fired and deliver base-load power to Dominion North Carolina Power.Westmoreland’s demonstrated accomplishments in the transformation of its business, coupled with its proven strategy for growth, position the Company to seek the creation of additional value.Westmoreland’s streamlined organization, focused leadership, attention to cost management, and niche growth strategy has resulted in the Company’s garnering various energy sector awards, including the Platts/BusinessWeek Global Energy Strategic Merger of the Year award in 2002 and the ColoradoBiz/UMB Bank Energy and Natural Resources Company of the Year award in 2002.Westmoreland is publicly traded on the NYSE Amex under the symbol WLB and has over 10.5 million shares of common stock outstanding.