Susan E. Alderton
Chief Financial Officer
(281) 423-3332
EXHIBIT 99.2
FOR IMMEDIATE RELEASE
NL Industries, Inc. Announces New Share Repurchase Program
HOUSTON, TEXAS - July 18, 2000 - NL Industries, Inc. (NYSE:NL) recently
completed its previously authorized share repurchase program of 1.5 million
shares of its common stock and today announced that its Board of Directors has
authorized the repurchase of up to an additional 1.5 million shares of its
common stock in open market transactions, including block purchases, or in
privately negotiated transactions. The shares to be repurchased represent
approximately 3% of the Company's 50.4 million shares outstanding. The stock may
be purchased from time to time as the Company's financial condition and market
conditions permit.
The share repurchase program does not include specific price targets or
timetables and may be suspended at any time. Depending on financial and market
conditions, the program could be terminated prior to completion. NL will use its
cash on hand to acquire the shares. Repurchased shares will be added to NL's
treasury, and could be used for employee benefit plans, future acquisitions or
other corporate purposes.
NL Industries, Inc. is a major international producer of titanium dioxide
pigments.
# # # # #
