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Nl Announces Redemption Of $50 Million Of 11 ¾% Senior Secured Notes Due 2003

20/11/2000 | Susan E. Alderton | Chief Financial Officer | (281) 423-3332

Houston, Texas - November 20, 2000 - NL Industries, Inc. (NYSE: NL) announced today that it has given notice to the trustee of its intention to redeem $50 million principal amount of its 11 ¾% Senior Secured Notes due 2003 on December 29, 2000, at the current call price of 101.5%. The trustee and paying agent for the notes is The Chase Manhattan Bank.

NL Industries, Inc. is a major international producer of titanium dioxide pigments

Corporate Profile

NL Industries, Inc., through its subsidiary, CompX International, Inc., engages in the manufacture and sale of precision ball bearing slides, security products, and ergonomic computer support systems used in office furniture, computer-related, and other applications. It sells its products to original equipment manufacturers and distributors in North America and Taiwan. NL Industries was organized in 1891 and is based in Dallas, Texas. NL Industries, Inc. is a subsidiary of Valhi, Inc.