News Release

HOUSTON, Jan. 26 /PRNewswire/ -- Service Corporation International (NYSE: SRV) ("SCI"), the world's largest funeral and cemetery company, announced today that it has increased its previously authorized share repurchase program. The increased authorization allows the Company to purchase an additional 5 million shares of its own common stock from time to time in the open market or in privately negotiated transactions, bringing the total authorization to 10 million shares.

In making the announcement, R. L. Waltrip, Chairman of the Board, said that the Board of Directors believes that the shares of the Company's common stock are a good value and represent an attractive investment opportunity.

    For additional information contact:
    SCI:    Todd A. Matherne - Vice President & Treasurer
            Tel:  713-525-5243

            George R. Champagne - Senior Vice President and CFO
            Tel:  713-525-5546

    Media:  Kate Inverarity, Brunswick Group
            Tel:  212-333-3810

Other Service Corporation International and press releases are available through Company News On-Call by fax, 800-758-5804, extension 104532, or at http://www.prnewswire.com or SCI's homepage: http://www.sci-corp.com.
SOURCE Service Corporation International
Web site: http: //www.sci-corp.com
Company News On-Call: http: //www.prnewswire.com/comp/104532.html or fax, 800-758-5804, ext. 104532
CONTACT: Todd A. Matherne - Vice President & Treasurer, 713-525-5243, or George R. Champagne - Senior Vice President and CFO, 713-525-5546, both of Service Corporation International; or media, Kate Inverarity of the Brunswick Group, 212-333-3810, for Service Corporation International