Trinity Industries, Inc. Closes the Initial Sale of Leased Railcars Under its Strategic Alliance with Element Financial

  Trinity Industries, Inc. Closes the Initial Sale of Leased Railcars Under
  its Strategic Alliance with Element Financial Corporation

Business Wire

DALLAS -- December 19, 2013

Trinity Industries, Inc. (NYSE:TRN) announced today that it closed the initial
sale of leased railcars to Element Financial Corporation (TSX:EFN) (“Element”)
under a new $2 billion strategic railcar alliance agreement announced earlier
this month. As anticipated, the initial sale consisted of a portfolio of
existing leased railcars from Trinity’s lease fleet. The sale generated total
proceeds of approximately $105 million, and the profit recognized from the
sale in the fourth quarter of 2013 is expected to be in line with the range
previously provided of $0.11 to $0.13 per share. Trinity does not have any
remaining ownership interest in the leased railcars sold to Element. Trinity
Industries Leasing Company, a wholly-owned subsidiary of Trinity, will act as
servicer of the railcars sold to Element.

The Company will provide future updates on the alliance with Element as
appropriate.

Trinity Industries, Inc., headquartered in Dallas, Texas, is a diversified
industrial company that owns market-leading businesses which provide products
and services to the energy, transportation, chemical and construction sectors.
Trinity reports its financial results in five principal business segments: the
Rail Group, the Railcar Leasing and Management Services Group, the Inland
Barge Group, the Construction Products Group, and the Energy Equipment Group.
For more information, visit: www.trin.net.

Contact:

Trinity Industries, Inc.
Investor Contact:
Jessica L. Greiner, 214-631-4420
Director of Investor Relations
or
Media Contact:
Jack Todd, 214-589-8909
 
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