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Carpenter Technology Announces Conference Call and Webcast

Carpenter Technology Corporation (NYSE:CRS) plans to host a conference call and webcast on Tuesday, January 29, at 10:00 a.m., Eastern time, to discuss the results of operations for the quarter ended December 31, 2007.

Please call 610-208-2800 for the conference call telephone number and passcode. The webcast will be hosted by Thomson/CCBN and can be accessed at Carpenter Technologys web site at www.cartech.com.

The webcast is also being distributed through the Thomson StreetEvents Network to both institutional and individual investors. Individual investors can listen to the call at www.fulldisclosure.com, Thomson/CCBNs individual investor portal, powered by StreetEvents. Institutional investors can access the call via Thomsons password-protected event management site, StreetEvents (www.streetevents.com).

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 Technology can be found on the Internet at www.cartech.com.

Contacts:

Carpenter Technology Corporation
Jaime Vasquez, 610-208-2165
jvasquez@cartech.com

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