Armstrong Holdings Inc. (AHI) and Armstrong World Industries Inc. (AWI) announced recently that the New York Stock Exchange Inc. (NYSE) has determined to suspend trading and pursue delisting AHI's common stock (and of AWI's 9.75 percent Debentures due April 15, 2008 and 7.45 percent 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, 2002. Leonard A. Campanaro, Armstrong Senior Vice President and Chief Financial Officer 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.

In addition, AWI expects that its 9.75 percent Debentures and 7.45 percent Senior Quarterly Interest Bonds will also be trading on an alternative market in the near future. Armstrong intends to issue a press release when such trading commences.