Congoleum extends deadline for voting on reorganization plan

Congoleum Corp. has extended the deadline for votes to be submitted on the approval of its pre-packaged Chapter 11 plan of reorganization until 5 p.m. Eastern Time on December 24, 2003.

The parties entitled to vote on the plan are asbestos personal injury claimants, Congoleum's secured lender and its majority shareholder. The deadline for completing the voting process has been extended to allow Congoleum to clarify the plan based upon discussions with Congoleum's secured lender concerning its treatment under the plan. The voting extension should not affect Congoleum's plans to commence bankruptcy proceedings in late December and seek bankruptcy court confirmation of the plan as promptly as possible thereafter.