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News Release

Carpenter Technology to Present at Conference

WYOMISSING, Pa.--(BUSINESS WIRE)--May 18, 2006--Carpenter Technology Corporation (NYSE:CRS) announced today that Robert J. Torcolini, Chairman, President and Chief Executive Officer, and Terrence E. Geremski, Senior Vice President - Finance and Chief Financial Officer, will be presenting at the FTN Midwest Securities Conference on May 23, 2006 in New York City. The slide presentation will be available on the company's web site, www.cartech.com, after 5:00 p.m. eastern time on May 22, 2006.

Carpenter Technology, based in Wyomissing, PA, produces and distributes specialty alloys, including stainless steels, titanium alloys and superalloys, and various engineered products. Information about Carpenter can be found on the Internet at www.cartech.com.

CONTACT: Carpenter Technology Corporation
Investor/Media:
Jaime Vasquez, 610-208-2165
jvasquez@cartech.com

SOURCE: Carpenter Technology Corporation


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