Reorganized Armstrong Stock Expected to Begin "Regular Way" Trading on NYSE Tomorrow, October 18

Finalizes $800 Million in Term Loan Exit Financing 


LANCASTER, Pa., Oct. 17  /PRNewswire-FirstCall/ -- Armstrong World Industries, Inc. (NYSE:AWI), a global leader in the design and manufacture of flooring, ceilings and cabinets, announced today that shares of its common stock are expected to begin "regular way" trading on the New York Stock Exchange (NYSE) tomorrow, October 18.

Yesterday, October 16, Armstrong closed on: (i) a $300 million term loan with a five-year maturity; and (ii) a $500 million term loan with a seven-year maturity.  The proceeds of the Term Loans are being used to fund distributions under its Court-approved "Fourth Amended Plan of Reorganization, as Modified," dated February 21, 2006 (the "Plan") and for fees and expenses.

Armstrong also announced today that it expects to report third quarter earnings on October 30, 2006.  At that time, Armstrong will provide a 2006 earnings outlook.  In addition, Armstrong expects to hold meetings with investors on November 16 in New York and on November 17 in Boston.

For access to copies of the Plan and related exhibits, please visit http://www.armstrongplan.com/.

About Armstrong and Additional Information

Armstrong World Industries, Inc. is a global leader in the design and manufacture of floors, ceilings and cabinets.  In 2005, Armstrong's net sales totaled nearly $4 billion.  Based in Lancaster, PA, Armstrong operates 43 plants in 12 countries and has approximately 14,800 employees worldwide.

Additional information about Armstrong and the Chapter 11 reorganization is available on the Internet at http://www.armstrong.com/ and http://www.armstrongplan.com/.

Forward-Looking Statement

These materials may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act.  Such statements provide expectations or forecasts of future events.  Our results could differ materially due to known and unknown risks and uncertainties, including: lower construction activity reducing our market opportunities; availability and costs for raw materials and energy; risks related to our international trade and business; business combinations among competitors, suppliers and customers; the loss of business with key customers; and other factors disclosed in our recent reports on Forms 10-K, 10-Q and 8-K filed with the SEC.  We undertake no obligation to update any forward-looking statement. 

DATASOURCE: Armstrong World Industries, Inc.



CONTACT:  Media Inquiries: Meg Graham, Vice President, Corporate

Communication, [phone], or Investor Inquiries: Beth Riley,

Director, Investor Relations, [phone], both of Armstrong World

Industries, Inc.



Web site:  http://www.armstrong.com/

http://www.armstrongplan.com/ 

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