To Armstrong’s Valued Retirees:

On May 30, 2003, Armstrong World Industries, Inc. received approval of its Disclosure Statement in the Chapter 11 reorganization case from the U.S. Bankruptcy Court in Wilmington, Delaware.

Armstrong will soon begin printing and mailing to creditors the Disclosure Statement, the Plan of Reorganization and ballots for voting.  Following the solicitation of votes, the Court will hold a hearing to consider confirmation of Armstrong’s Plan.  It is anticipated that such hearing will be in mid-November, 2003.  If the Plan is confirmed, Armstrong expects that the Plan will be implemented shortly thereafter. 

The Plan is supported by the asbestos personal injury claimants’ committee, the representative for future asbestos personal injury claimants and the unsecured creditors’ committee.  Armstrong’s Disclosure Statement, Plan of Reorganization, Solicitation Procedures and related press releases are available at www.armstrongplan.com.

Retired Armstrong employees are unaffected by the Plan of Reorganization.  Armstrong expects to continue benefits coverage to retirees such as the applicable pension, retiree medical plans and life insurance.

A copy of the press release can be viewed by visiting the Pressroom section at left and clicking on Chapter 11 Communications.  Those wishing more information can call Armstrong’s toll free number, 866-321-6677.