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Terra Industries Schedules Report of Fourth Quarter Results
 
    SIOUX CITY, Iowa, Jan. 4 /PRNewswire/ --
    Terra Industries Inc. (NYSE: TRA) announced today that it will report
fourth quarter results at 7:00 a.m. (CST) on January 31, 2002.  A conference
call open to all interested parties will be held at 2:00 p.m. (CST) and can be
accessed through Terra's website at http://www.terraindustries.com .
    Terra Industries Inc., with 2000 revenues of $1 billion, is a leading
international producer of nitrogen products and methanol.

    Note: Terra Industries' news announcements are also available on its web
site, http://www.terraindustries.com , and by fax at no charge by calling
800-758-5804, code 437906.
SOURCE Terra Industries Inc.



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    Mark Rosenbury of Terra Industries Inc.,
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