Armstrong Says TPG Investment To Help Operations

Lancaster, PA, Aug. 18, 2009--TPG Capital previously announced it has agreed to purchase seven million shares of Armstrong World Industries, Inc. and economic interests in an additional 1,039,777 shares, from the Armstrong World Industries Inc. Asbestos Personal Injury Settlement Trust.

TPG will also initiate a tender offer for 4,435,935 shares (or approximately 8 percent) of the Company's outstanding shares from investors unaffiliated with the Trust.

"TPG has a proven record of helping companies increase their value through operational improvements and by providing an environment in which the company can better realize its longer term strategic potential," Armstrong Chairman and Chief Executive Officer Michael D. Lockhart said.

"We believe TPG's involvement should make it easier for AWI to realize its objective to emerge from the downturn better positioned than it was when it entered, and to remain solidly profitable throughout the period."