Armstrong Holdings to Hold Shareholder Meeting

Lancaster, PA, May 29, 2007--Armstrong Holdings, Inc. will hold a special meeting of shareholders on Wednesday, July 18 at 11 a.m., at the offices of Reed Smith LLP, 435 Sixth Avenue, Pittsburgh.

Up for vote at the meeting will be a plan to dissolve the Company and distribute its assets of approximately $27 million in cash to shareholders. Proxy materials are being mailed to shareholders of record. There are approximately 40.55 million shares of Armstrong Holdings common stock outstanding.

Armstrong Holdings, Inc. 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, Inc. 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.