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Dubai World share offer for MGM Mirage expires

9 October 2007

LAS VEGAS, Nevada -- (PRESS RELEASE) -- Infinity World Investments LLC ("Infinity World"), a wholly-owned subsidiary of Dubai World, announced today that its previously-announced cash tender offer to purchase up to 14.2 million shares of MGM Mirage (NYSE: MGM) common stock at $84 per share has expired.

Dubai World and Infinity World have been advised by Mellon Investor Services LLC, the depositary for the tender offer, that as of the expiration of the offer at 11:59 p.m., New York City time, on October 5, 2007, stockholders of MGM Mirage had tendered 348,903 shares of MGM Mirage common stock, representing approximately 0.12 percent of the outstanding shares of MGM Mirage common stock. Infinity World has accepted all 348,903 shares of MGM Mirage common stock validly tendered for payment and will promptly complete the purchase pursuant to the terms of the tender offer.

The tender offer was made pursuant to previously announced definitive agreements between Dubai World and MGM Mirage dated August 21, 2007 in which Dubai World and MGM Mirage agreed to form a 50/50 joint venture, CityCenter Holdings LLC, and in which Infinity World would acquire stock of MGM Mirage both through the tender offer, and also through the direct purchase from MGM Mirage of 14.2 million shares of MGM Mirage common stock at the same price of $84 per share that was paid to shareholders electing to sell in the tender offer.

Dubai World intends to promptly complete the direct purchase from MGM Mirage pursuant to the definitive agreements. Once the direct purchase of shares of MGM Mirage common stock is complete, Infinity World will own 14,548,903 million shares of MGM Mirage common stock, representing approximately 4.9 percent of the total outstanding shares.

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Dubai World share offer for MGM Mirage expires is republished from Online.CasinoCity.com.