Smith International, Inc. (NYSE:SII) announced that its Board of Directors has approved a quarterly cash dividend in the amount of $0.10 per share. The dividend is payable October 15, 2007 to stockholders of record on September 14, 2007.

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

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