Armstrong Holdings Dissolution Approved

Lancaster, PA, July 23, 2007--The Board of Directors of Armstrong Holdings today directed management to proceed with the Company's Plan of Dissolution, Distribution and Winding Up, approved by a vote of shareholders at a July 18 special meeting.

More than 95 percent of the votes cast were in favor of the Plan. The results of the vote were:

The timetable for dissolution depends on a variety of factors outside the Company's control including receipt of necessary tax clearance. The Company hopes to be able to file Articles of Dissolution and distribute its net assets to shareholders as soon as the fourth quarter of this year.

The Company's assets consist of approximately $27 million in cash. The former parent company of Armstrong World Industries Inc. has no operations and no employees. There are 40.55 million AHI shares outstanding.