Smith International Creates Position for Director of Investor Relations

Smith International announced today that Shawn Housley has been appointed as the company's Director -- Investor Relations. In this newly created position, Mr. Housley will be responsible for strengthening the relationship and communications with investors and analysts.

Commenting on the selection, John Yearwood, Smith's Chief Executive Officer, President & Chief Operating Officer, said "Shawn has been a member of the Smith organization since the close of the W-H Energy transaction and has made significant contributions to our Business Development strategy. Shawn's knowledge of investor relations combined with his strong financial background and newly acquired understanding of the Smith International technologies makes him the perfect candidate to enhance the already strong communication with our investors."

Mr. Housley joined Smith in 2008 as part of the W-H Energy Services (W-H) transaction. During his seven years at W-H, Shawn held several positions including Director of Investor Relations and Director of Development. Shawn is a holder of the Chartered Financial Analyst® designation and is a Certified Public Accountant.