Armstrong World Industries Asbestos Trust Executes Rule 144 Sale

WILMINGTON, Del.--(BUSINESS WIRE)--

The Armstrong World Industries, Inc. Asbestos Personal Injury Settlement Trust (the "Trust") announced that it had today sold 2,739,944 shares of common stock of Armstrong World Industries, Inc. AWI (the "Company") to a financial institution in a market transaction pursuant to Rule 144 of the Securities Act.

Following the sale of common stock, the Trust will own approximately 12% of the total voting power of the Company's common shares.

"The Trust intends to continue as an investor in the Company and supports the Company's Board and management team through their decision to separate the ceiling and flooring businesses," said Harry Huge, Managing Trustee.

Perella Weinberg Partners acted as independent financial and capital markets advisor to the Trust and Keating Muething & Klekamp acted as legal advisor to the Trust in connection with the sale.