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News Release

Carpenter Declares Quarterly Cash Dividend

WYOMISSING, Pa.--(BUSINESS WIRE)--Oct. 12, 2009-- The Board of Directors of Carpenter Technology Corporation (NYSE:CRS), at its meeting today, declared a quarterly cash dividend of $.18 per share of common stock, payable December 3, 2009, to shareholders of record on October 27, 2009. The ex-dividend date (the date the common stock trades without the dividend) is October 23, 2009.

Source: Carpenter Technology Corporation

Investor and Media Inquiries:
Carpenter Technology Corporation
David A. Christiansen, 610-208-3065

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