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Nl Industries, Inc. Announces Increased Dividend

10/25/2000 | Susan E. Alderton | Chief Financial Officer | (281) 423-3332

HOUSTON, TEXAS - October 25, 2000 - NL Industries, Inc. (NYSE:NL) announced that its Board of Directors has approved an increase in its regular quarterly dividend on its common stock to twenty cents per share, payable December 27, 2000 to shareholders of record December 13, 2000. Mr. J. Landis Martin, NL’s President and Chief Executive Officer, said today, “We are pleased that the strong performance by our operations allows us to increase our quarterly dividend to $.20 a share. This increase, together with our ongoing share repurchase program, is part of our continued commitment to return value to our shareholders.”

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.