NYSE Suspends Trading of Armstrong Stock

Lancaster, PA, Nov. 8--The New York Stock Exchange has determined to suspend trading and pursue delisting Armstrong Holdings'AHI common stock and of Armstrong World Industries' 9.75% Debentures due April 15, 2008 and 7.45% Senior Quarterly Interest Bonds due October 15, 2038. The NYSE reached its decision following AWI filing its Plan of Reorganization with the U.S. Bankruptcy Court on November 4. Leonard A. Campanaro, Armstrong senior vice president and CFO, stated that, "Armstrong is disappointed in the Exchange's decision regarding continued listing." AHI expects that its common stock will be quoted on the OTC (over-the-counter) Bulletin Board ("OTCBB") within the next several days. The OTCBB is a regulated quotation service that displays real time quotes, last sale prices and volume information in OTC equity securities. Information about the OTCBB may be found on the Internet at www.otcbb.com. In addition, AWI expects that its 9.75% Debentures and 7.45% Senior Quarterly Interest Bonds will also be trading on an alternative market in the near future. Investors should be aware that trading in Armstrong's equity and debt issues through market makers and quotation services may involve different execution from the NYSE. Armstrong intends to issue a press release when such trading commences. However, the initiation of trading is not within the control of Armstrong.