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News Release

Carpenter Declares Quarterly Cash Dividend

WYOMISSING, Pa., Oct 12, 2010 (BUSINESS WIRE) --

The Board of Directors of Carpenter Technology Corporation (NYSE:CRS), at its meeting yesterday, declared a quarterly cash dividend of $.18 per share of common stock, payable December 2, 2010, to shareholders of record on October 26, 2010. The ex-dividend date (the date the common stock trades without the dividend) is October 22, 2010.

SOURCE: Carpenter Technology Corporation

Carpenter Technology Corporation
Investor and Media Inquiries:
Michael A. Hajost, 610-208-3476

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