2008-07-17 23:49:11 -

- Smith International, Inc. (NYSE:SII) announced that its Board of Directors has approved a quarterly cash dividend in the amount of $0.12 per share. The dividend is payable October 14, 2008 to stockholders of record on September 12, 2008.

Smith International, Inc. is a leading worldwide supplier of premium products and services to the oil and gas exploration and production industry, the petrochemical industry and other industrial markets through its four principal business units - M-I SWACO, Smith Technologies, Smith Services and Wilson.

Smith International, Inc., Houston
Chief Financial Officer
Margaret K. Dorman, 281-443-3370