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Dear Shareholder of Armstrong Holdings, Inc.:
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.
Investors should refer to the complete Disclosure Statement, the amended Plan of Reorganization document and/or to the press
release for information regarding Armstrong’s latest filings. You can view the Disclosure Statement, the amended Plan of Reorganization
and all relevant press releases by logging onto the Web site, www.armstrongplan.com. For additional Chapter 11 information,
click on “Chapter 11 Information.” Specific investor questions can be directed to the Investor Relations Office at (717) 396-6144. |
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