Press Release

WINCHESTER, Va.--(BUSINESS WIRE)--Oct. 16, 2000--Trex Company, Inc. (NYSE: TWP), manufacturer of Trex(R) Easy Care Decking(R), has been ranked number one in the Forbes annual list of the 200 Best Small Companies in America. The list of 200 Best Small Companies in America is reported in the October 30 issue on newsstands today.

According to Forbes, companies must clear a series of tough hurdles in order to make the Forbes 200 Best list, including five-year sales and earnings-per-share (EPS) growth rates of at least 5%. In addition, net income must have topped $1 million during the past four quarters. Those that made this year's list average a five-year return on equity of 18.7%, a 12-month sales growth of 44.4% and a 12-month EPS growth of 76.9%. Trex was able to achieve the top ranking through superior performance in each category. Forbes reported Trex Company's last 12 months' sales growth at 77% and EPS at 57%. Return on equity for the past twelve months was reported at 26%.

Trex Company President Robert Matheny stated that "we are very pleased to be identified by Forbes as a 'time-tested winner.' To be at the top of the list in a publication as prestigious as Forbes is truly an exciting event for all of us who have been building this business for nearly a decade. Their selection criteria and evaluation methodology are very comprehensive."

Trex Company Executive Vice President - Sales and Marketing Andrew Ferrari added that "it is clear that our strategy of building a national brand in what is currently a commodity decking market is beginning to receive recognition among the investment community, as well as with our customers and contractors. Our continuing growth in sales and earnings demonstrates that our market leadership is also achieving financial success."

This is not the first time this year that Trex Company's performance has been noticed by the financial media. Trex Company was also recognized as one of the "Top 100 Hot Growth Companies" by Business Week magazine and has been featured in articles in Barron's, Individual Investor, and Investor's Business Daily.

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 73 wholesale distribution locations, which in turn sell Trex decking to more than 2,500 independent contractor-oriented retailer lumberyards across the United States.

Trex(R) Easy Care Decking(R) and Wood-Polymer Lumber(TM) 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 Company's ability to increase its manufacturing capacity, 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 22, 2000 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.

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