[LOGO] PRESS RELEASE FOR IMMEDIATE RELEASE: CONTACT: VALHI, INC. JOSEPH S. COMPOFELICE THREE LINCOLN CENTRE EXECUTIVE VICE PRESIDENT 5430 LBJ FREEWAY (713) 423-3303 DALLAS, TEXAS 75240-2697 (972) 233-1700 VALHI AGREES TO SELL MEDITE OPERATIONS Dallas, Texas ... September 18, 1996 ... Valhi, Inc. (NYSE:VHI) announced that it has signed Letters of Intent involving the sale of its building products business operated by Medite Corporation, a wholly owned subsidiary of Valcor, Inc., which is a wholly owned subsidiary of Valhi. The proposed sale will be accomplished in three separate transactions whereby the Company will sell: (1) approximately 170,000 acres of timber and timberlands to Rogue Resources, LLC, an Oregon based partnership of forest product operators; (2) the Medford Oregon based medium density fibreboard manufacturing facility along with a veneer and sawmill conversion facility to Sierra Pine, a California limited partnership; and (3) the Irish medium density fibreboard operations to Willamette Industries, Inc. (NASDAQ:WMTT). The transactions are subject to, among other things, completion of due diligence, execution of definitive agreements and certain regulatory approvals. The total cash consideration will be approximately $230 million, subject to certain adjustments, plus the assumption of $20 million of foreign debt. The transactions are expected to close in the fourth quarter of 1996, at which time the Company expects to report a pretax gain on the dispositions in excess of $100 million. Approximately $53 million of the cash proceeds will be used to pay off Medite bank debt in the U.S. Valhi, Inc. is a major producer of chemicals, refined sugar, building products and other products.