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                                  PRESS RELEASE

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FOR IMMEDIATE RELEASE:                                     CONTACT:

VALHI, INC.                                                Bobby D. O'Brien
Three Lincoln Centre                                       Vice President
5430 LBJ Freeway, Suite 1700                               (972) 233-1700
Dallas, Texas 75240-2697



                        VALHI DECLARES QUARTERLY DIVIDEND



         DALLAS,  TEXAS . . . September 2, 2003 . . . Valhi,  Inc.  (NYSE:  VHI)
announced  today that its board of directors  has  declared a regular  quarterly
dividend  of six  cents  ($0.06)  per  share on its  common  stock,  payable  on
September  30,  2003 to  stockholders  of  record at the  close of  business  on
September 15, 2003.

         Valhi,  Inc. is engaged in the  titanium  dioxide  pigments,  component
products (ergonomic computer support systems,  precision ball bearing slides and
security products), titanium metals products and waste management industries.

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