MGM Mirage comments on Tracinda SEC filing

22 May 2007

LAS VEGAS, Nevada -- (PRESS RELEASE) -- MGM Mirage (NYSE: MGM) noted that its majority stockholder, Tracinda Corporation, today filed an amended Schedule 13D with the Securities and Exchange Commission in which Tracinda states: "that it intends to enter into negotiations with MGM Mirage to purchase the Bellagio Hotel and Casino and City Center properties. Tracinda also wishes to pursue strategic alternatives with respect to its investment in MGM Mirage which may include financial restructuring transactions involving all or a substantial portion of the remainder of the Company."

At its regularly scheduled meeting following the annual meeting of stockholders to be held on May 22, 2007, MGM Mirage's Board of Directors will begin its review of Tracinda's filing and its implications for the company, and will respond in due course. The company is mindful of its obligations, including to its shareholders, lenders, employees and the communities in which the company operates.

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	MGM Mirage comments on Tracinda SEC filing 22 May 2007 <a href='https://ad.casinocity.com/adclick.php?n=a21efcd1'><img src='https://ad.casinocity.com/adview.php?what=-site:vendors/width:250/RON&n=a21efcd1' border='0' alt='' /></a> LAS VEGAS, Nevada -- (PRESS RELEASE) -- MGM Mirage (NYSE: MGM) noted that its majority stockholder, Tracinda Corporation, today filed an amended Schedule 13D with the Securities and Exchange Commission in which Tracinda states: "that it intends to enter into negotiations with MGM Mirage to purchase the Bellagio Hotel and Casino and City Center properties. Tracinda also wishes to pursue strategic alternatives with respect to its investment in MGM Mirage which may include financial restructuring transactions involving all or a substantial portion of the remainder of the Company." At its regularly scheduled meeting following the annual meeting of stockholders to be held on May 22, 2007, MGM Mirage's Board of Directors will begin its review of Tracinda's filing and its implications for the company, and will respond in due course. The company is mindful of its obligations, including to its shareholders, lenders, employees and the communities in which the company operates.