Mirant Confirms Purchase by First Metro of Interest in Mirant Global

ATLANTA, May 8  /PRNewswire-FirstCall/ -- Mirant (NYSE:MIR) announced today that its fifty percent stake in Mirant Global Corporation has been acquired by a group of investors led by its partner in Mirant Global, First Metro Investment Corporation.

Mirant Global, formed in 2003, represents less than five percent of Mirant's total capacity in the Philippines.

The sale is consistent with Mirant's strategy of focusing on assets of substantial scale. Mirant Global does not include Mirant's interests in the Sual, Pagbilao and Ilijan power plants.

Mirant is a competitive energy company that produces and sells electricity in the United States, the Caribbean, and the Philippines. Mirant owns or leases approximately 17,500 megawatts of electric generating capacity globally. The company operates an asset management and energy marketing organization from its headquarters in Atlanta. For more information, please visit http://www.mirant.com/.

Stockholder inquiries:

678 579 7777 

DATASOURCE: Mirant



CONTACT:  Media, Corry Leigh, [phone], or ,

or Investor Relations, Mary Ann Arico, [phone], or

, or Sarah Stashak, [phone],

, or Stockholders, [phone], all of Mirant



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

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