The Company also announced that its Board of Directors has approved aquarterly cash dividend of four cents per share of common stock. Thequarterly cash dividend announced today is payable on January 30, 2009 toshareholders of record at the close of business on January 16, 2009. Whilethe Company intends to pay regular quarterly cash dividends for theforeseeable future, all subsequent dividends, and the establishment of recordand payment dates, are subject to final determination by the Board ofDirectors each quarter after its review of the Company's financialperformance.

Cautionary Statement on Forward-Looking Statements

The statements in this press release that are not historical facts areforward-looking statements. These forward-looking statements have been madein reliance on the "safe harbor" protections provided under the PrivateSecurities Litigation Reform Act of 1995. These statements may be accompaniedby words such as "believe," "estimate," "project," "expect," "anticipate," or"predict," that convey the uncertainty of future events or outcomes. Thesestatements are based on assumptions that we believe are reasonable; however,many important factors could cause our actual results in the future to differmaterially from the forward-looking statements made herein and in any otherdocuments or oral presentations made by, or on behalf of us.

There can be no assurance that we will buy any of our common stock underour share repurchase programs. Important factors that could cause us todiscontinue our share repurchases include, among others, unfavorable marketconditions, the market price of our common stock, the nature of otherinvestment opportunities presented to us from time to time, and theavailability of funds necessary to continue purchasing common stock.

There can be no assurance that future dividends will be declared. Theactual declaration of future dividends, and the establishment of record andpayment dates, is subject to final determination by our Board of Directorseach quarter after its review of our financial performance. Important factorswhich could cause the Board of Directors to determine not to declare furtherdividends include, among others, restrictions on the payment of dividendsunder existing or future credit agreements or other financing arrangements;changes in tax laws relating to corporate dividends; a determination by theBoard of Directors that the declaration of a dividend is not in the bestinterests of the Company and its shareholders; an increase in our cash needsor a decrease in available cash; or a deterioration in our financial conditionor results.

For further information on these and other risks and uncertainties, seeour Securities and Exchange Commission filings, including our 2007 AnnualReport on Form 10-K. Copies of this document as well as other SEC filings canbe obtained from our website at http://www.sci-corp.com. We assume noobligation to publicly update or revise any forward-looking statements madeherein or any other forward-looking statements made by us, whether as a resultof new information, future events or otherwise.

About Service Corporation International

Service Corporation International (NYSE: SCI), headquartered in Houston,Texas, is North America's leading provider of deathcare products and services.At September 30, 2008, we owned and operated more than 1,300 funeral homes and350 cemeteries (of which over 200 are combination locations) in 43 states,eight Canadian provinces, the District of Columbia and Puerto Rico. Throughour businesses, we market the Dignity Memorial(R) brand which offers assuranceof quality, value, caring service, and exceptional customer satisfaction. Formore information about Service Corporation International, please visit ourwebsite at http://www.sci-corp.com. For more information about DignityMemorial(R), please visit http://www.dignitymemorial.com.

For additional information contact: Investors: Debbie Young - Director / Investor Relations (713) 525-9088 Media: Lisa Marshall - Managing Director / Corporate Communications (713) 525-3066SOURCE Service Corporation International