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News Release

Carpenter Declares Quarterly Cash Dividend

WYOMISSING, Pa., Apr 21, 2010 (BUSINESS WIRE) --The Board of Directors of Carpenter Technology Corporation (NYSE:CRS), at its meeting yesterday, declared a quarterly cash dividend of $0.18 per share of common stock, payable June 3, 2010, to shareholders of record on May 3, 2010. The ex-dividend date (the date the common stock trades without the dividend) is April 29, 2010.

SOURCE: Carpenter Technology Corporation

Carpenter Technology Corporation
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Michael A. Hajost, 610-208-3476

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