Press Release

WINCHESTER, Va., Oct 19, 2001 (BUSINESS WIRE) -- Trex Company, Inc. (NYSE: TWP), manufacturer of Trex(R) Easy Care Decking(R), today announced that it expects revenues for the third quarter to be approximately $29.5 million, as compared to last year's third quarter revenues of $25.8 million.

Net income for the third quarter is expected to be approximately $0.20 per share, versus $0.37 per share for the third quarter of 2000. Unabsorbed fixed manufacturing costs caused by manufacturing line shut downs has significantly influenced this unfavorable income result.

Trex Company President Robert Matheny stated, "July and August were strong months for us, but orders tailed off in September driven by economic softness and influenced by the events of September 11. While a survey of our wholesale distribution channels indicates that year to date downstream sales exceeded that of 2000 levels by approximately 25 percent, distributors have scaled back their inventory to below normal levels given the economic uncertainty.

"Given the economic slowdown, various measures are being taken to strengthen our financial position, including the shut down of currently unneeded manufacturing capacity and the reduction of employee count by more than sixty employees. As previously disclosed, we have cancelled plans for a third manufacturing facility near Knoxville, Tennessee because of higher than previously anticipated costs to develop the site. However, our current capacity and expansion capabilities at our current facilities are sufficient to meet growth expectations for the near future. We remain optimistic about the company's prospects for the coming year, considering the decking industry's record of sustained growth even in a slow economic environment. Trex decking remains one of the most affordable ways to expand living space and add to the enjoyment of owning a home."

Trex Company expects to release its final third quarter results prior to the NYSE open on Monday, October 29. The company has scheduled an analyst conference call for 9:00 a.m. EST the same day. A live webcast of the conference call will be available to all investors at the Trex Company Web site at www.trex.com and on www.streetevents.com.

For those who cannot listen to the live broadcast, an audio replay of the call will be available on the company's Web site for 30 days. A telephone replay of the call will also be available from 11:00 a.m. EST on Oct. 29 until 11:00 a.m. EST on Nov. 5. To listen to the telephone replay, dial 800-633-8284 (858-812-6440 outside the U.S.) and enter reservation number 19903909.

Trex Company is the nation's largest manufacturer of non-wood decking, which is marketed under the brand name Trex(R). Trex Wood-Polymer(TM) lumber offers an attractive appearance and the workability of wood without the ongoing need for protective sealants or repairs. Trex decking is manufactured in a proprietary process that combines waste wood fibers and reclaimed polyethylene and is used primarily for residential and commercial decking. The Company sells its products through 91 wholesale distribution locations, which in turn sell Trex decking to approximately 2,900 independent contractor-oriented retail lumberyards across the United States.

For a Trex decking dealer near you, call 1-800-BUY-TREX (289-8739) or for dealers and product details, visit www.trex.com.

Trex(R)Easy Care Decking(R)and Wood-Polymer(TM)Lumber are trademarks of Trex Company, Inc., Winchester, VA.

The statements in this press release regarding the Company's expected sales performance and operating results, its anticipated financial condition and its business strategy constitute "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These statements are subject to risks and uncertainties that could cause the Company's actual operating results to differ materially. Such risks and uncertainties include the extent of market acceptance of the Company's products, the sensitivity of the Company's business to general economic conditions, and the highly competitive markets in which the Company operates. The Company's report on Form 10-K filed with the Securities and Exchange Commission on March 28, 2001 discusses some of the important factors that could cause the Company's actual results to differ materially from those expressed or implied in these forward-looking statements. The Company undertakes no obligation to update or revise publicly any forward-looking statements, whether as a result of new information, future events or otherwise.

CONTACT:          Trex Company, Inc.
                  Robert G. Matheny, 540/678-4070                    
                  or      
                  Lippert/Heilshorn & Associates  
                  John Nesbett / William Walkowiak, CFA, 212/838-3777 

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