MGM Mirage Extends Dates for Exchange Offers - Monday 12th of December 2005

LAS VEGAS – (PRESS RELEASE) -- MGM Mirage (NYSE: MGM) announced today that it is extending until 5:00 p.m., New York City time, on December 13, 2005, unless further extended, the expiration date of its offer to exchange $500 million in aggregate principal amount of its 6.625% Senior Notes due 2015 registered under the Securities Act of 1933 (the "$500 Million Notes") for a like principal amount of its unregistered 6.625% Senior Notes due 2015 validly tendered in the corresponding exchange offer. In addition, MGM MIRAGE announced today that it is also extending until 5:00 p.m., New York City time, on December 13, 2005, unless further extended, the expiration date of its offer to exchange $375 million in aggregate principal amount of its 6.625% Senior Notes due 2015 registered under the Securities Act of 1933 (the "$375 Million Notes") for a like principal amount of its unregistered 6.625% Senior Notes due 2015 validly tendered in the corresponding exchange offer. MGM MIRAGE does not currently intend to extend the expiration date for either of the exchange offers beyond such date.

As of 5:00 p.m., New York City time, on December 8, 2005, the original expiration date of each of the exchange offers, the exchange agent for the exchange offers advised MGM MIRAGE that approximately $498 million in aggregate principal amount of its $500 Million Notes and approximately $371 million in aggregate principal amount of its $375 Million Notes had been validly tendered.

Each of the exchange offers is subject to the terms and conditions set forth in the respective prospectuses, in each case, dated November 7, 2005, and the corresponding letters of transmittal distributed in connection with each such exchange offer. This announcement amends and supplements each such prospectus and letter of transmittal with respect to the matters described above. All other terms and conditions of each such exchange offer set forth in the corresponding prospectuses and letters of transmittal remain in full force and effect.

Anyone who would like to obtain copies of the prospectus and related documents for either exchange offer, or who has questions regarding such exchange offer, should contact U.S. Bank National Association, the exchange agent for both exchange offers, at (800) 934-6802.

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