Terex to Present at JP Morgan High Yield Conference.

Business Editors

JP Morgan High Yield Conference

NEW ORLEANS--(BUSINESS WIRE)--Jan. 30, 2004

Terex Corporation (NYSE: TEX) today announced that it will participate in the JP Morgan High Yield Conference at the New Orleans Marriott in New Orleans, Louisiana on Tuesday, February 3, 2004. The meeting will include a presentation at 9:40 AM Eastern Time by Tom Gelston, Director Investor Relations and Brian Henry, Senior Vice President, Finance and Business Development.

The slide presentation from the conference can be accessed beginning Tuesday, February 3, 2004 on the Terex Corporation website, www.terex.com, under the Investor Relations section.

The presentation may contain forward-looking information based on Terex's current expectations. Because forward-looking statements involve risks and uncertainties, actual results could differ materially. Such risks and uncertainties, many of which are beyond Terex's control, include among others: Terex's business is highly cyclical and weak general economic conditions may affect the sales of its products and its financial results; the sensitivity of construction and mining activity to interest rates and government spending; the ability to successfully integrate acquired businesses; the retention of key management personnel; Terex's businesses are very competitive and may be affected by pricing, product initiatives and other actions taken by competitors; the effects of changes in laws and regulations; Terex's business is international in nature and is subject to changes in exchange rates between currencies, as well as international politics; the ability of suppliers to timely supply Terex parts and components at competitive prices; the financial condition of suppliers and customers, and their continued access to capital; Terex's ability to timely ...