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News Release

Carpenter Declares Quarterly Cash Dividend

WYOMISSING, Pa., Jan 19, 2011 (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 March 3, 2011, to shareholders of record on February 1, 2011. The ex-dividend date (the date the common stock trades without the dividend) is January 28, 2011.

SOURCE: Carpenter Technology Corporation

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

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