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News Release

Kleinschmidt Named General Manager of Grupo Carpenter

WYOMISSING, Pa., Jun 03, 2005 (BUSINESS WIRE) -- Carpenter Technology Corporation (NYSE:CRS) announced today that Mr. Jeffrey Kleinschmidt has been named general manager of Grupo Carpenter, the holding company for Carpenter Servicios, S.A. de C.V., with operating responsibility for Aceros Fortuna, which provides distribution services for Carpenter's Specialty Alloys Operations in Mexico.

Kleinschmidt, 47, was most recently a consultant with Knoll Mexico, an American owned furniture distributor based in Mexico City. Prior to Knoll, Kleinschmidt spent 23 years with the Goodyear Tire and Rubber Company holding various executive-level management, sales and finance positions in numerous international locations.

Kleinschmidt holds a bachelor's degree in Political Science and Economics from the University of Miami and a Master of International Management from the Thunderbird -American Graduate School of International Management.

Carpenter Technology, based in Wyomissing, Pa., is leading manufacturer and distributor of specialty alloys and engineered products. More information about Carpenter Technology and Specialty Alloys Operations is available at www.cartech.com.

Aceros Fortuna, is a leading distributor of steel products in Mexico with eleven offices throughout the Republic of Mexico. More information is available at http://www.acerosfortuna.com.mx/.

SOURCE: Carpenter Technology Corporation

Carpenter Technology Corporation, Wyomissing
Lisa MacGregor, 610-208-3479
Lmacgregor@cartech.com


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