[LOGO GOES HERE] - -------------------------------------------------------------------------------- PRESS RELEASE - -------------------------------------------------------------------------------- FOR IMMEDIATE RELEASE: CONTACT: VALHI, INC. Bobby D. O'Brien Three Lincoln Centre Vice President, Chief Financial 5430 LBJ Freeway, Suite 1700 Officer and Treasurer Dallas, Texas 75240-2697 (972) 233-1700 VALHI DECLARES QUARTERLY DIVIDEND DALLAS, TEXAS . . . August 31, 2004 . . . 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 September 30, 2004 to stockholders of record at the close of business on September 13, 2004. 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. * * * * *