(Source: Business Wire)

Armor TPG Holdings LLC (Armor TPG), a company owned by private equity
funds affiliated with Capital, announced today the completion of the
tender offer to purchase up to 4,435,935 shares of common stock of
Armstrong World Industries, Inc. (NYSE: AWI). The tender offer expired
at 12:00 midnight, New York City time, at the end of Thursday, October
1, 2009.
The offer was made in order to comply with certain requirements in AWI's
governing documents, following Armor TPG's acquisition of seven million
shares of AWI's common stock and an economic interest in approximately 1
million additional shares of AWI's common stock from the Armstrong World
Industries, Inc. Asbestos Personal Injury Settlement Trust on August 28,
2009. In the tender offer documents, Armor TPG cautioned shareholders
considering tendering shares that they might be able to obtain a higher
price by selling shares in the open market rather than pursuant to the
offer.
The depositary for the tender offer has advised Armor TPG that
shareholders of AWI have tendered and not withdrawn a total of 1,149
shares of AWI common stock, which shares have been accepted for payment
by Armor TPG. Following the tender offer, Armor TPG continues to
directly own approximately 12.2% percent of the 57,347,726 shares of AWI
outstanding as of September 1, 2009.
About TPG Capital
TPG Capital is the global buyout group of TPG, a leading private
investment firm founded in 1992 with approximately $45 billion of assets
under management and offices in San Francisco, London, Hong Kong, New
York, Fort Worth, Washington, D.C., Melbourne, Moscow, Mumbai, Paris,
Luxembourg, Beijing, Shanghai, Singapore and Tokyo. TPG Capital has
extensive experience with global public and private investments executed
through leveraged buyouts, recapitalizations, spinouts, joint ventures
and restructurings. TPG Capital's investments span a variety of
industries including industrials, retail, consumer, financial services,
travel and entertainment, technology, media and communications, and
healthcare. Please visit www.tpg.com.
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