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TXI Completes Spin-Off of Chaparral Steel

Aug 1 2005

Texas Industries, Inc. today announced the completion of the separation of its steel operations from TXI through a pro-rata tax-free dividend of all the common stock of Chaparral Steel Company to TXI shareholders.

Common shares of Chaparral Steel Company will trade on the NASDAQ stock exchange under the symbol: CHAP. TXI is the largest producer of cement in Texas and a major cement producer in California.

TXI is also a major supplier of construction aggregates, ready-mix concrete and concrete products.

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