Armstrong Holdings Scheduled to Dissolve

Lancaster, PA, November 16, 2007--Armstrong Holdings, the former parent company of Armstrong World Industries Inc., said December 5 will be the last day of trading in its common stock, and will be the record date for shareholders entitled to receive a final distribution of the company's net assets.

On December 12, the distribution agent, American Stock Transfer & Trust Company, will begin the distribution of approximately $28 million in assets, or approximately $.69 per share, to shareholders.