Trinity Industries, Inc. Wins at Fifth Circuit Court of Appeals

Fifth Circuit Reverses Judgment, Finds No False Claims Act Violation

DALLAS–(BUSINESS WIRE)–Trinity Industries, Inc. (NYSE:TRN) announced today that on September
29, 2017, the United States Court of Appeals for the Fifth Circuit
(“Fifth Circuit”) has ruled that Trinity Industries, Inc. and Trinity
Highway Products, LLC (together, the "Company") did not commit fraud,
reversing the District Court’s $682.4 million False Claims Act judgment
and rendering judgment for the Company.

The Company is pleased with the panel’s unanimous opinion reversing the
judgment. As the Fifth Circuit noted, the federal government has
consistently reaffirmed the ET Plus® System meets all federal safety
performance standards. This ruling confirms our long-standing belief
that no fraud was committed.

Please refer to the Company’s Form 8-K issued contemporaneously with
this Press Release as well as Note 18 to the financial statements in
Trinity’s Form 10-K for the period ended December 31, 2016, and Form
10-Q for the period ended June 30, 2017, for additional information
about Joshua Harman, on behalf of the United
States of America, Plaintiff/Relator v. Trinity Industries, Inc.,
Defendant and the Company’s highway products and other litigation.

Information from the FHWA pertaining to the ET Plus® System may be found
at: http://www.fhwa.dot.gov/guardrailsafety/.

Additional facts and product information related to the ET Plus® System
may be found at: www.etplusfacts.com.

COMPANY DESCRIPTION

Trinity Industries, Inc., headquartered in Dallas, Texas, is a
diversified industrial company that owns complementary market-leading
businesses providing products and services to the energy, chemical,
agriculture, transportation, and construction sectors, among others.
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.

Trinity Highway Products, LLC is a subsidiary of Trinity Industries, Inc.

Some statements in this release, which are not historical facts, are
“forward-looking statements” as defined by the Private Securities
Litigation Reform Act of 1995. Forward-looking statements include
statements about Trinity's estimates, expectations, beliefs, intentions
or strategies for the future, and the assumptions underlying these
forward-looking statements. Trinity uses the words “anticipates,”
“believes,” “estimates,” “expects,” “intends,” “forecasts,” “may,”
“will,” “should,” “guidance” and similar expressions to identify these
forward-looking statements. Forward-looking statements involve risks and
uncertainties that could cause actual results to differ materially from
historical experience or our present expectations. For a discussion of
such risks and uncertainties, which could cause actual results to differ
from those contained in the forward-looking statements, see “Risk
Factors” and “Forward-Looking Statements” in the Company's Annual Report
on Form 10-K for the most recent fiscal year.

Contacts

Investors:
Trinity Industries, Inc.
Preston Bass,
214-631-4420
Director, Investor Relations
or
Media:
Trinity
Industries, Inc.
Jack Todd, 214-589-8909
Vice President,
Public Affairs