PRESS RELEASE FOR IMMEDIATE RELEASE: CONTACT: VALHI, INC. STEVEN L. WATSON THREE LINCOLN CENTRE PRESIDENT 5430 LBJ FREEWAY, SUITE 1700 (972) 233-1700 DALLAS, TEXAS 75240-2697 VALHI DECLARES QUARTERLY DIVIDEND AND HOLDS ANNUAL STOCKHOLDERS MEETING DALLAS, TEXAS . . . May 4, 1999 . . . 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, 1999 to stockholders of record at the close of business on June 8, 1999. Valhi also announced that the Company's stockholders elected six directors for terms of one year at the annual stockholders meeting held today. The directors of the Company are: Norman S. Edelcup, Kenneth R. Ferris, Glenn R. Simmons, Harold C. Simmons, J. Walter Tucker, Jr. and Steven L. Watson. Valhi, Inc. is engaged in the titanium dioxide pigments, component products (ergonomic computer support systems, precision ball bearing slides and locking systems), titanium metals products and waste management industries. * * * * *