EX-99 2 f4vhi141231trust2991.htm EXHIBIT 99.1

Exhibit 99.1



Description of the Transaction

      On December 29, 2014 (the "Redemption Date"), VHC exercised

its right to redeem 3,791 shares (the "Redeemed Shares") of its

outstanding non-voting 2% Series A Convertible Preferred Stock,

par value $1.00 per share (the "Series A Preferred Stock"), held

by the Survivor's Trust, at a redemption price of $5,000.00 per

share (the "Redemption Price").  Payment of the Redemption Price

was made, at the election of VHC and pursuant to the terms of the

Certificate of Designation for the Series A Preferred Stock, in

3,223,598 shares of common stock, $0.01 par value per share, of

Valhi, Inc. "(Valhi") and cash in the amount of $243.76 for a

fractional share.