Statement from Congoleum on bankruptcy proceedings

Congoleum Corp. gets OK from bankruptcy court, hearing set.

Congoleum Corp. issued the following statement: "Congoleum announced today that the Bankruptcy Court has approved the disclosure statement and voting procedures for its amended plan of reorganization following a hearing last week. The Court also scheduled a confirmation hearing to begin March 24, 2005.

Pursuant to the approved voting procedures, Congoleum expects to commence the distribution of voting materials and solicitation of acceptances of its amended plan of reorganization by late December or early January and to have results of the voting tabulated by late February.