PRESS RELEASE FOR IMMEDIATE RELEASE: CONTACT: VALHI, INC. STEVEN L. WATSON THREE LINCOLN CENTRE VICE PRESIDENT 5430 LBJ FREEWAY (972) 233-1700 DALLAS, TEXAS 75240-2697 VALHI DECLARES QUARTERLY DIVIDEND AND HOLDS ANNUAL STOCKHOLDERS MEETING DALLAS, TEXAS . . . May 7, 1998 . . . 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 June 30, 1998 to stockholders of record at the close of business on June 19, 1998. Valhi also announced that five directors of the Company were elected for terms of one year at its annual stockholders meeting held today. The directors of the Company are: Norman S. Edelcup, Kenneth R. Ferris, Glenn R. Simmons, Harold C. Simmons and J. Walter Tucker, Jr. Valhi is engaged in the chemicals, component products and waste management industries. *****