Tender Offer for Armstrong Shares Falls Short

Fort Worth, TX, Oct. 2, 2009--Armor TPG Holdings LLC said it has completed a tender offer to purchase up to 4,435,935 shares of common stock of Armstrong World Industries.

The offer was made in order to comply with certain requirements in AWI's governing documents, following Armor TPG's acquisition of 7 million shares of AWI's common stock and an economic interest in approximately 1 million additional shares of AWI's common stock from the Armstrong World Industries, Asbestos Personal Injury Settlement Trust on Aug. 28.

The depositary for the tender offer has advised Armor TPG that shareholders of Armstrong have tendered and not withdrawn a total of 1,149 shares of common stock.

Following the tender offer, Armor TPG continues to directly own approximately 12.2% percent of the 57,347,726 shares of Armstrong outstanding as of Sept. 1.