International Coal Group, Inc. has successfully closed its public offering of 21,000,000 million common shares at a price of $11.00 per share. The company received approximately $209.9 million, net of expenses, which will be used to retire long-term debt.

Underwriters have until January 5, 2006 to purchase up to an additional 3,150,000 shares from the company.

The joint book-running managers are UBS Investment Bank and Lehman Brothers. Bear, Stearns & Co. Inc., Goldman, Sachs & Co., JP Morgan and Morgan Stanley are also underwriters.

The offering of these securities may be made only by means of the prospectus relating to the offering. Copies of the prospectus may be obtained by contacting UBS Investment Bank or Lehman Brothers, c/o ADP Financial Services.

ICG cautions that this announcement does not constitute an offer to sell or the solicitation of an offer to buy, and that there shall be no sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such state or jurisdiction.

ICG is a leading producer of coal in Northern and Central Appalachia and the Illinois Basin. The company has eleven active mining complexes, of which ten are located in Northern and Central Appalachia and one in Central Illinois. ICG's mining operations and reserves are strategically located to serve utility, metallurgical and industrial customers throughout the Eastern United States.