[LOGO GOES HERE] - -------------------------------------------------------------------------------- PRESS RELEASE - -------------------------------------------------------------------------------- FOR IMMEDIATE RELEASE: CONTACT: VALHI, INC. Bobby D. O'Brien Three Lincoln Centre Vice President and Chief Financial Officer 5430 LBJ Freeway, Suite 1700 (972) 233-1700 Dallas, Texas 75240-2697 (972) 233-1700 VALHI DECLARES QUARTERLY DIVIDEND AND RESULTS OF ANNUAL STOCKHOLDERS MEETING DALLAS, TEXAS . . . May 21, 2003 . . . Valhi, Inc. (NYSE: VHI) announced today that its board of directors has declared a regular quarterly dividend of six cents ($0.06) per share on its common stock, payable on June 30, 2003 to stockholders of record at the close of business on June 13, 2003. Valhi also announced that its stockholders elected seven directors for terms of one year at the annual stockholders meeting held today. Valhi's directors are: Thomas E. Barry, Norman S. Edelcup, W. Hayden McIlroy, Glenn R. Simmons, Harold C. Simmons, J. Walter Tucker, Jr. and Steven L. Watson. Valhi, Inc. is engaged in the titanium dioxide pigments, component products (ergonomic computer support systems, precision ball bearing slides and security products), titanium metals products and waste management industries. * * * * *