Eagle Materials Inc. Declares Quarterly Dividend

The Board of Directors of Eagle Materials Inc. has declared a quarterly cash dividend of $0.10 per share, payable on January 23, 2009 to stockholders of record of its Common Stock at the close of business on December 23, 2008.

The Board’s decision to adjust Eagle’s quarterly cash dividend is in line with Eagle’s strategy to increase financial flexibility during these times of economic uncertainty. Eagle remains profitable and is well positioned for improved financial results when economic, residential and commercial construction market conditions improve. Eagle believes dedication to strong financial health and flexibility is conservative in the short-term and will better position Eagle to take advantage of opportunities over the long-term.

Eagle Materials Inc. is a Dallas-based company that manufactures and distributes Cement, Gypsum Wallboard, Recycled Paperboard, and Concrete and Aggregates.