[TEREX LOGO]

                   NEWS RELEASE  NEWS RELEASE  NEWS RELEASE

For information,  contact:  Tom Gelston,  Director  Investor  Relations at (203)
222-5943

                TEREX ANNOUNCES ITS FEBRUARY CONFERENCE SCHEDULE

         WESTPORT, CT, January 28, 2005 - TEREX Corporation (NYSE: TEX) today
announced that it will participate in the following investor conferences in
February 2005.

         JP Morgan High Yield Conference at the Loews Miami Beach Hotel in Miami
Beach, Florida on Tuesday, February 1, 2005. The meeting will include a
presentation at 9:40 AM by Chuck Snavely, Vice President Finance, and Tom
Gelston, Director Investor Relations.

         Lehman Brothers Industrial Select Conference at the Ritz-Carlton ,
South Beach in Miami Beach, Florida on Wednesday, February 2, 2005. The meeting
will include a presentation and live webcast at 2:05 PM by Ronald DeFeo,
Chairman and Chief Executive Officer, and Tom Gelston, Director Investor
Relations. The webcast of this presentation can be accessed on the TEREX
Corporation website, www.terex.com, under the Investors section. Listeners
should go to this site at least 15 minutes before the event to download and
install any necessary audio software. For those unable to listen to the live
broadcast, a replay will be available for 90 days by accessing the above
address. There is no charge to access the event.

         Smith Barney Citigroup Small/Midcap Conference at the Four Seasons
Hotel in Las Vegas, Nevada on Wednesday, February 16, 2005. The meeting will
include a presentation at 2:25 PM by Tom Gelston, Director Investor Relations.

         Terex Corporation is a diversified global manufacturer with 2003 net
sales of $3.9 billion. Terex operates in five business segments: Terex
Construction, Terex Cranes, Terex Aerial Work Platforms, Terex Materials
Processing & Mining, and Terex Roadbuilding, Utility Products and Other. Terex
manufactures a broad range of equipment for use in various industries, including
the construction, infrastructure, quarrying, recycling, surface mining,
shipping, transportation, refining, utility and maintenance industries. Terex
offers a complete line of financial products and services to assist in the
acquisition of Terex equipment through Terex Financial Services. More
information on Terex can be found at www.terex.com.














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                                Terex Corporation
           500 Post Road East, Suite 320, Westport, Connecticut 06880
          Telephone: (203) 222-7170, Fax: (203) 222-7976, www.terex.com