PRESS RELEASE FOR IMMEDIATE RELEASE: CONTACT: VALHI, INC. STEVEN L. WATSON THREE LINCOLN CENTRE VICE PRESIDENT 5430 LBJ FREEWAY (972) 450-4216 DALLAS, TEXAS 75240-2697 (972) 233-1700 VALHI DECLARES QUARTERLY DIVIDEND DALLAS, TEXAS . . . August 29, 1997 . . . Valhi, Inc. (NYSE:VHI) announced today that its Board of Directors has declared a regular quarterly dividend of five cents ($0.05) per share on its common stock, payable on September 30, 1997 to stockholders of record at the close of business on September 12, 1997. Valhi, Inc. is engaged in the chemicals, component products, waste management and other industries.