Exhibit 99.1
Additional Information
The following is a description of the relationships among
the Reporting Persons and certain related entities or persons
that may be deemed to beneficially own shares ("Shares") of the
common stock of the issuer, Valhi, Inc.("Valhi").
All of the outstanding voting stock of Contran Corporation
("Contran") is held by the Harold C. Simmons Family Trust No. 2
(the "Family Trust") established for the benefit of Lisa K.
Simmons and Serena Simmons Connelly and their children, for
which Ms. Simmons and Ms. Connelly are co-trustees, or is held
directly by Ms. Simmons and Ms. Connelly or entities related to
them. Ms. Simmons and Ms. Connelly are sisters.
Ms. Simmons and Ms. Connelly also serve as co-chairs of the
Contran board of directors (the "Contran Board"), and one other
member of Contran management also serves on the Contran Board.
As co-trustees of the Family Trust, Ms. Simmons and Ms. Connelly
have the shared power to vote and direct the disposition of the
shares of Contran stock held by the Family Trust, and Ms.
Simmons and Ms. Connelly each has the power to vote and direct
the disposition of shares of Contran stock they hold directly or
which is held by other entities related to them.
Contran is the holder of 100% of the outstanding common
stock of Dixie Rice Agricultural L.L.C.("Dixie Rice")and may be
deemed to control Dixie Rice. Prior to the dissolution and liquidation of VHC on December 31, 2018, Dixie Rice was the direct holder of 100% of the outstanding common stock of VHC and may be deemed to have controlled VHC.
Ms. Simmons and Ms. Connelly (or the Connelly Trust, whose
Shares are combined with those held directly by Ms. Connelly for
purposes of the percentage below) directly hold, or are related
to the following persons or entities that directly hold the
following percentages of the outstanding Shares:
Dixie Rice............................................91.5%
Serena Simmons Connelly........................Less than 1%
Dixie Rice may be deemed to control Valhi. Prior to the dissolution and liquidation of VHC, Contran may be deemed to have controlled VHC, by virtue of its ownership of Dixie Rice shares.
Ms. Simmons and Ms. Connelly directly hold, or are related
to the following persons or entities that directly hold,
the following percentages of the outstanding shares of Kronos
Worldwide common stock:
Valhi.................................................50.0%
NLKW Holding LLC ("NLKW").............................30.4%
Contran....................................... Less than 1%
Serena Simmons Connelly........................Less than 1%
Together, Valhi, NL Industries, Inc. ("NL") (and its wholly-
owned subsidiary NLKW) and Contran may be deemed to control
Kronos Worldwide.
Ms. Simmons and Ms. Connelly directly hold, or are related
to the following persons or entities that directly hold, the
following percentages of the outstanding shares of NL common
stock:
Valhi...............................................82.9%
Kronos Worldwide.............................Less than 1%
Serena Simmons Connelly......................Less than 1%
Together, Valhi and Kronos Worldwide may be deemed to control
NL.
NL (including a wholly-owned subsidiary of NL) and Kronos
Worldwide own 14,372,970 Shares and 1,724,916 Shares,
respectively. Since NL and Kronos Worldwide are majority-owned
subsidiaries of Valhi, pursuant to Delaware law Valhi treats
such shares as treasury stock for voting purposes, and such
shares are not deemed outstanding for purposes of calculating
beneficial ownership percentages for purposes of Section 13 of
the Securities Exchange Act. The aggregate 16,097,886 shares of
Valhi common stock are not included in the body of Table I of
this statement; were not previously included in the body of
Table I of the Form 3 (Initial Statement of Beneficial Ownership
of Securities) filed by the Family Trust; and are not deemed
outstanding for the percentages of Valhi ownership provided
above.
By virtue of the stock ownership of each of Kronos
Worldwide, NL, Valhi, Dixie Rice and Contran, the role of
Ms. Simmons and Ms. Connelly as co-trustees of the Family
Trust, Ms. Simmons and Ms. Connelly being beneficiaries of
the Family Trust, the direct holdings of Contran voting stock
by each of Ms. Simmons, Ms. Connelly and entities related to
them, the positions as co-chairs of the Contran Board by each of
Ms. Simmons and Ms. Connelly, in each case as described above,
(a) Ms. Simmons and Ms. Connelly may be deemed to control the
Family Trust, Contran, Dixie Rice, Valhi, NL, and Kronos
Worldwide and (b) Ms. Simmons and Ms. Connelly, Contran, Dixie
Rice, Valhi, NL and Kronos Worldwide may be deemed to
possess indirect beneficial ownership of, and a pecuniary
interest in, shares of common stock directly held by such
entities, including any Shares. However, except for the 56,136
Shares she holds directly or through a trust for which she is
the sole trustee and sole beneficiary, Ms. Connelly disclaims
beneficial ownership of all Shares, except to the extent of her
pecuniary interest in such Shares, if any.
