MGM Mirage Named Most Admired

3 Mar 2004

LAS VEGAS – (Press Release) -- Fortune Magazine has named MGM Mirage (NYSE: MGG) one of 'America's Most Admired Companies'in its annual survey of companies with large U.S. operations.

MGM Mirage outscored all competitors in the 'Most Admired'Hotels/Casinos/Resorts category. Overall, MGM Mirage ranked second in the Hotels/Casinos/Resorts category after Marriott International, a non-casino hotel resort company.

MGM Mirage has been named to Fortune's 'America's Most Admired Companies'industry list each year since the merger of MGM Grand, Inc. and Mirage Resorts, Inc. created MGM Mirage in 2001. In both 2002 and 2003, MGM Mirage also outscored all competitors and ranked second in the category after Marriott International.

'We are very pleased to once again be named our industry's top hotel casino resort company in this very prominent survey,'said J. Terrence Lanni, Chairman and Chief Executive Officer of MGM Mirage. 'This ranking reflects our company's sound business practices, long-term financial viability, and the quality and commitment of our 40,000 employees.'

To identify 'America's Most Admired Companies'for 2004, Fortune and its survey partner, the Hay Group, asked 10,000 executives, directors and securities analysts to select the 10 largest companies they admire most in their industry, based on eight criteria. Criteria included: innovation, financial soundness, employee talent, quality of management, use of corporate assets, long-term investment, social responsibility, and quality of products/services.

In a 2003 survey, Fortune Magazine named MGM Mirage one of 'America's 50 Best Companies For Minorities.'

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	MGM Mirage Named Most Admired 3 Mar 2004 LAS VEGAS – (Press Release) -- Fortune Magazine has named MGM Mirage (NYSE: MGG) one of 'America's Most Admired Companies'in its annual survey of companies with large U.S. operations. MGM Mirage outscored all competitors in the 'Most Admired'Hotels/Casinos/Resorts category. Overall, MGM Mirage ranked second in the Hotels/Casinos/Resorts category after Marriott International, a non-casino hotel resort company. MGM Mirage has been named to Fortune's 'America's Most Admired Companies'industry list each year since the merger of MGM Grand, Inc. and Mirage Resorts, Inc. created MGM Mirage in 2001. In both 2002 and 2003, MGM Mirage also outscored all competitors and ranked second in the category after Marriott International. 'We are very pleased to once again be named our industry's top hotel casino resort company in this very prominent survey,'said J. Terrence Lanni, Chairman and Chief Executive Officer of MGM Mirage. 'This ranking reflects our company's sound business practices, long-term financial viability, and the quality and commitment of our 40,000 employees.' To identify 'America's Most Admired Companies'for 2004, Fortune and its survey partner, the Hay Group, asked 10,000 executives, directors and securities analysts to select the 10 largest companies they admire most in their industry, based on eight criteria. Criteria included: innovation, financial soundness, employee talent, quality of management, use of corporate assets, long-term investment, social responsibility, and quality of products/services. In a 2003 survey, Fortune Magazine named MGM Mirage one of 'America's 50 Best Companies For Minorities.'