PRESS RELEASE FOR IMMEDIATE RELEASE: CONTACT: VALHI, INC. STEVEN L. WATSON THREE LINCOLN CENTRE VICE PRESIDENT 5430 LBJ FREEWAY, SUITE 1700 (972) 450-4216 DALLAS, TEXAS 75240-2697 VALHI, INC. SETTLES STOCKHOLDER LAWSUIT DALLAS, TEXAS . . . June 30, 1998 . . .Valhi, Inc. (NYSE: VHI) announced today that it transferred to NL Industries, Inc. (NYSE: NL) $14.4 million cash pursuant to the previously announced settlement agreement with respect to Seinfeld v. Simmons, et. al., as approved by the Chancery Division of the New Jersey Superior Court. Valhi is engaged in the titanium dioxide pigments, titanium metal products, ergonomic computer support systems, precision ball bearing slides, locking systems and waste management industries. * * * * *