Metro-Goldwyn-Mayer Inc. Investor Conference Call You are invited to participate in an investor conference call regarding the Second Quarter 2004 financial results for Metro-Goldwyn-Mayer Inc. (NYSE:MGM). DATE Thursday, July 29, 2004 TIME 8:30 a.m. Pacific Time 11:30 a.m. Eastern Time CONFERENCE 800-430-4409 (U.S.) or CALL 212-676-5289 (International) NUMBER Please call the conference call number 10 minutes prior to the starting time. An operator will check your name and organization and ask you to wait until the call begins. QUESTIONS Should you have trouble connecting with the special conference call number or need assistance prior to or during the call, contact Global Crossing at 800-473-0602 or MGM Investor Relations at 310-449-3660. NEWS A news release will be faxed or emailed to your RELEASE attention prior to the call. PLAYBACK A playback will be available for 48 hours following the call. Please call 800-633-8284 (U.S.) or 402-977-9140 (International) and enter conference ID number 21200856 INTERNET The call will also be broadcast live over the Internet, accessible through http://www.mgm.com/ or through http://www.streetevents.com/. A rebroadcast of the call over the Internet will be accessible through both of these sites. CONTACT Joe Fitzgerald or Paige Taylor, (310) 449-3660. (Logo: http://www.newscom.com/cgi-bin/prnh/20011119/MGMLOGO) PRNewswire -- July 22 http://www.newscom.com/cgi-bin/prnh/20011119/MGMLOGO http://photoarchive.ap.org/ DATASOURCE: Metro-Goldwyn-Mayer Inc. Web site: http://www.mgm.com/

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