Trex Company Responds to Class Action Lawsuit on Wood Alternative Products

WINCHESTER, Va.–(BUSINESS WIRE)–Trex Company, Inc. (NYSE: TWP), the nation’s leading manufacturer and distributor of wood alternative decking, railing, fencing and trim, responded to a class action suit filed in Washington by a plaintiffs’ class action law firm alleging certain product defects.

In response to the claims of the case, which focus on product surface flaking, Ronald Kaplan, president and CEO of Trex Company, noted that, “Trex has fully and publicly disclosed that a manufacturing problem affected a small percentage of product manufactured in its Fernley, Nevada plant beginning in 2003. This issue was entirely isolated to parts of the West Coast, only affected a small percentage of Trex decking materials produced in the Nevada plant, and has since been remediated.”

According to Kaplan, Trex took a $45 million warranty reserve in the third quarter of 2007, and has honored – and continues to honor – its warranty with respect to all affected product.

Kaplan further commented, “We believe we have fully met our obligations to our customers and that these claims are completely without merit. These class action firms make their livings initiating speculative lawsuits merely as a way of leveraging settlements that result in large attorneys’ fees awards. We believe we have been wrongfully targeted in this case and, without exception, we stand firmly behind our warranty.

“We trust the court will recognize this case for what it is – an unconscionable and irresponsible abuse of the legal system,” added Kaplan. “We stand proudly behind our award-winning decking, railing, fencing and trim products and we look forward to having this unnecessary distraction removed so that we can continue to focus on delivering the highest quality products to our valued customers.”

For more information about Trex Company, visit www.trex.com.

About Trex Company

Trex Company is the nation’s largest manufacturer of composite decking, railing, fencing and trim, with over 15 years of product experience. Built on “green” principles and values, Trex makes its products from a unique formulation of reclaimed wood and plastic, combined through a proprietary process. Trex decking, railing, fencing and trim offer significant design flexibility with fewer ongoing maintenance requirements than wood, as well as a truly environmentally responsible choice. In addition, Trex distributes ultra-low maintenance PVC decking under the trademark Trex Escapes® and PVC trim under the trademark Trex Trim™. For more information, visit the Company’s website, www.trex.com. Trex®, Trex Escapes® and Trex Trim™ are trademarks of Trex Company, Inc., Winchester, Va.