Armstrong Holdings to Dissolve

Lancaster, PA, May 10, 2007--Armstrong Holdings, Inc., said its board of directors has approved a plan to dissolve the Company and distribute its assets of approximately $27 million in cash to shareholders.

The company expects to send to shareholders proxy materials setting a date and location of a meeting to vote on the plan of dissolution.

Armstrong Holdings, previously was the parent holding company of Armstrong World Industries, Inc. (AWI). On October 2, 2006, AWI emerged from Chapter 11 bankruptcy reorganization under its Plan of Reorganization that cancelled the Company's ownership in AWI.

Armstrong Holdings, has no operations and no employees. Its only assets are approximately $27 million in cash representing the proceeds of a Court-approved settlement with AWI over intercompany transactions and tax benefits.