News Release

Tronox Incorporated Announces Closing of Initial Public Offering

Oklahoma City, Nov. 28, 2005 – Tronox Incorporated (NYSE: TRX) today announced the completion of its initial public offering (IPO) of 17,480,000 shares of its Class A common stock, with net proceeds totaling approximately $225.4 million. Tronox has granted the underwriters a 30-day option to purchase up to an additional 2,622,000 shares of Class A common stock to cover over-allotments, if any.

“As a new publicly traded company with nearly 40 years of success in the chemical industry, we are focused on adding value for our stockholders and continuing to provide high-performance products and world-class service to our customers,” said Tom Adams, Tronox chief executive officer. “We have an estimated 13% share of the worldwide market for titanium dioxide pigment in a marketplace where the top five producers represent in excess of 70% of the global TiO₂ capacity.

“We are well positioned to execute our strategy, with assets strategically located to serve global markets. Our proprietary chloride technology and specialized sulfate process plant provide products to a diverse customer base,” said Adams. “Most importantly, we have talented, innovative and customer-focused employees, who are excited about the opportunities for Tronox to increase profitability, free cash flow and returns as we move forward as a publicly traded company. Our value strategies include optimizing supply-chain opportunities, enhancing margins, reducing costs and improving uptime through manufacturing excellence.”

Tronox also announced the following financing transactions:

• The conversion of Tronox common stock held by Kerr-McGee Corp. (NYSE: KMG) into approximately 22.9 million shares of Tronox Incorporated Class B common stock

• The issuance by Tronox subsidiaries, Tronox Worldwide LLC and Tronox Finance Corp., of $350 million of unsecured notes at a fixed rate of 9.50% per annum and due 2012 in a concurrent private offering

• Tronox Worldwide’s entry into a senior secured credit facility consisting of a $200 million term loan facility and a $250 million revolving credit facility

Headquartered in Oklahoma City, Tronox is the world’s third-largest producer and marketer of titanium dioxide pigment, with an annual production capacity of 624,000 tonnes. Titanium dioxide pigment is an inorganic white pigment used in paint, coatings, plastics, paper and many other everyday products. The chemical business’ five pigment plants, which are located in the United States, Australia, Germany and the Netherlands, supply high-performance products to more than 1,100 customers in approximately 100 countries. In addition, the chemical business produces electrolytic products, including sodium chlorate, electrolytic manganese dioxide, boron trichloride and elemental boron. For information on Tronox, visit www.tronox.com.

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Statements in this news release regarding the company's or management's intentions, beliefs or expectations, or that otherwise speak to future events, are "forward-looking statements" within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements include those statements preceded by, followed by or that otherwise include the words "believes," "will," "expects," "anticipates," "intends," "estimates," "projects," "target," "budget," "goal," "plans," "objective," "outlook," "should," or similar words. Future results and developments discussed in these statements may be affected by numerous factors and risks, such as the accuracy of the assumptions that underlie the statements, the market value of Tronox's products, demand for consumer products for which Tronox's businesses supply raw materials, the financial resources of competitors, changes in laws and regulations, the ability to respond to challenges in international markets, including changes in currency exchange rates, political or economic conditions in areas where Tronox operates, trade and regulatory matters, general economic conditions, and other factors and risks identified in Tronox's registration statement on Form S-1, which has been filed with the U.S. Securities and Exchange Commission. Actual results and developments may differ materially from those expressed or implied in this news release.

Media Contact:	Robert Gibney Direct: 405-775-5105 E-mail: robert.gibney@tronox.com
Investor Contact:	Robert Gibney Direct: 405-775-5105 E-mail: robert.gibney@tronox.com