[LOGO GOES HERE]

- --------------------------------------------------------------------------------

                                  PRESS RELEASE

- --------------------------------------------------------------------------------


FOR IMMEDIATE RELEASE:                                  CONTACT:

CompX International Inc.                                David A. Bowers
Three Lincoln Centre                                    Chief Executive Officer
5430 LBJ Freeway, Suite 1700                            Tel.:  864.286.1122
Dallas, Texas   75240-2697


                    COMPX DECLARES REGULAR QUARTERLY DIVIDEND


         DALLAS,  TEXAS . . . October  26, 2004 . . . CompX  International  Inc.
(NYSE:  CIX)  announced  today that its board of directors  has resumed  CompX's
regular  quarterly  dividends  and declared a fourth  quarter  2004  dividend of
twelve and one-half  cents  ($0.125) per share on its class A and class B common
stock,  payable on December 27, 2004 to  stockholders  of record at the close of
business on December 10, 2004. The declaration  and payment of future  dividends
is discretionary, and the amount, if any, will be dependent upon CompX's results
of  operations,  financial  condition,  cash  requirements  for its  businesses,
contractual  requirements  and other  factors  deemed  relevant  by the board of
directors.

         CompX is a leading  manufacturer  of  precision  ball  bearing  slides,
security products and ergonomic computer support systems.

                                    * * * * *