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News Release

Carpenter Technology to Present at Conference

WYOMISSING, Pa.--(BUSINESS WIRE)--Nov. 22, 2006--Carpenter Technology Corporation (NYSE:CRS) announced today that they will be attending and presenting at the Bear Stearns 2nd Annual Commodities and Capital Goods Conference on November 29, 2006 in New York City. Representing Carpenter at the conference will be Anne L. Stevens, Chairman, President and Chief Executive Officer, and David Kornblatt, Senior Vice President - Finance and Chief Financial Officer. The slide presentation will be available on the company's web site, www.cartech.com, after 5:00 p.m. eastern time on November 28, 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, Wyomissing
Investor/Media:
Jaime Vasquez, 610-208-2165
jvasquez@cartech.com

SOURCE: Carpenter Technology Corporation


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