Armstrong World Industries, Inc. Announces the Exercise of the Underwriters' Option to Purchase Additional Secondary Shares

2012-12-12 23:01:17 -

LANCASTER, Pa., Dec. 12, 2012 -- Armstrong World Industries, Inc. (NYSE: AWI)
(the "Company") announced today that following the closing of the secondary
public offering of 5,200,000 common shares held by The Armstrong World
Industries, Inc. Asbestos Personal Injury Settlement Trust and Armor TPG
Holdings, L.P. (together, the "Selling Shareholders") at a public offering price
of $51.00 per share on November 14, 2012, the underwriters have exercised their
option to purchase 780,000 additional common shares (the "Option Shares") from
the Selling Shareholders.  The sale of the Option Shares closed on December
12, 2012.  After giving effect to the sale of the Option Shares, a total of
5,980,000 common shares held by the Selling Shareholders were sold in the
offering at a public offering price of $51.00.

The Company itself has not sold any shares and has not received any proceeds
from the offering, and the total number of common shares outstanding did not
change as a result of the offering.

BofA Merrill Lynch, Barclays, Citigroup, Deutsche Bank Securities, Goldman,
Sachs & Co. and J.P. Morgan were the joint book-running managers of the
offering. RBC Capital Markets, Scotiabank and SunTrust Robinson Humphrey acted
as co-managers.

The shares were offered pursuant to the Company's effective registration
statement on Form S-3 previously filed with the U.S. Securities and Exchange
Commission (the "SEC").  The Company has also filed with the SEC a final
prospectus with respect to this offering.  This press release shall not
constitute an offer to sell or a solicitation of an offer to buy, nor shall
there be any sale of these securities in any state or jurisdiction in which such
an offer, solicitation or sale would be unlawful prior to registration or
qualification under the securities laws of any such state or jurisdiction.

The offering was made only by means of a prospectus.  Copies of the final
prospectus relating to the offering may be obtained from:  BofA Merrill Lynch,
222 Broadway, New York, NY 10038, Attn: Prospectus Department or e-mail; Barclays, c/o Broadridge Financial Solutions,
1155 Long Island Avenue, Edgewood, New York 11717, or by e-mail at or by phone at (888) 603-5847.

About Armstrong

Armstrong World Industries, Inc. is a global leader in the design and
manufacture of floors and ceilings.  Based in Lancaster, Pa., Armstrong operates
32 plants in eight countries and has approximately 8,500 employees worldwide.

SOURCE Armstrong World Industries, Inc.

Investor Relations: Tom Waters, +1-717-396-6354, or Media Relations: Jennifer
Johnson, 1 (866) 321-6677 (US media)

This announcement is distributed by Thomson Reuters on behalf of
Thomson Reuters clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.

Source: Armstrong World Industries, Inc. via Thomson Reuters ONE

Press Information:

Contact Person:

email: e-mail

Disclaimer: © 2014 Thomson Reuters. The press releases or report contained herein is protected by copyright and other applicable laws, treaties and conventions. Information contained in the releases is furnished by Thomson Reuters's, who warrant that they are solely responsible for the content, accuracy and originality of the information contained therein. All reproduction, other than for an individual user's personal reference, is prohibited without prior written permission.