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News Release

Carpenter Technology to Present at Conference

WYOMISSING, Pa.--(BUSINESS WIRE)--Sept. 8, 2006--Carpenter Technology Corporation (NYSE:CRS - News) announced today that Robert J. Torcolini, Chairman, President and Chief Executive Officer, and M. David Kornblatt, Senior Vice President - Finance and Chief Financial Officer, will be presenting at the KeyBanc Capital Markets Basic Materials and Packaging Conference on September 14, 2006 in Boston, MA. The slide presentation will be available on the company's web site, www.cartech.com, after 5:00 p.m. eastern time on September 13, 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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