Armstrong Has No Opinion on Low Tender Offer

Lancaster, PA, Sept. 15, 2009–Armstrong World Industries said it has no opinion as to whether the company’s stockholders would benefit by taking advantage of a tender offer by Armor TPG Holdings LLC to purchase up to 4,435,935 shares of Armstrong common stock for $22.31 per share.

“The Board has determined that a shareholder’s decision on whether or not to tender shares in the Offer is a personal investment decision based upon each individual shareholder’s particular circumstances,” Armstrong said in a public filing with the Securities and Exchange Commission.

Armstrong shares have been trading recently about $12 higher than the tender offer.