CompX Announces Stock Repurchase Program and Declares Regular Quarterly Dividend.

Business Editors

DALLAS--(BUSINESS WIRE)--July 26, 2001

CompX International Inc. (NYSE:CIX) announced today that its board of directors has authorized the repurchase of up to 500,000 shares of CompX class A common stock in open market transactions, including block purchases, or in privately negotiated transactions.

The shares to be repurchased represent approximately 3.3% of CompX's 15.1 million shares of class A and class B common stock outstanding and 9.8% of CompX's 5.1 million shares of class A common stock outstanding. The stock may be purchased from time to time as market conditions permit.

The stock repurchase program does not include specific price targets or timetables and may be suspended at any time. Depending on market conditions, the program could be terminated prior to completion. CompX will use its cash on hand to acquire the shares. Repurchased shares will be added to CompX's treasury, and could be used for employee benefit plans, future acquisitions or other corporate purposes.

CompX also announced today that its board of directors, at its July meeting, declared CompX's regular quarterly dividend of twelve and one-half cents ($0.125) per share on its class A and class B common stock, payable on September 28, 2001 to stockholders of record at the close of business on September 14, 2001.

CompX is a leading manufacturer of ergonomic computer support systems, precision ball bearing slides and security products.