24th September 2007 - Carlisle Companies Announces Closure of On-Highway Braking Facility

CHARLOTTE, NORTH CAROLINA, September 24, 2007… Carlisle Companies Incorporated (NYSE:CSL) announced today that it will close the Motion Control Industries on-highway braking facility located in Fredericksburg, Virginia, effective September 28, 2007. All of Carlisle’s U.S. on-highway braking will now be consolidated into Motion Control’s South Hill, Virginia facility. The Altec remanufacturing plants in Pittsburg, Kansas and Brantford, Ontario, Canada will remain. This action was taken to improve profitability in this underperforming business. Carlisle will record a pre-tax charge of $6.4 million in its Specialty Products segment for certain restructuring costs and asset impairment related to its on-highway braking business.

Also in the third quarter 2007 Carlisle will record a pre-tax gain of approximately $50 million for the sale of Icopal, the Company’s European roofing joint venture that had been part of Carlisle’s Construction Materials segment.

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements are based on management's current expectations and are subject to uncertainty and changes in circumstances. Actual results may differ materially from these expectations due to changes in global economic, business, competitive, market and regulatory factors. More detailed information about these factors is contained in the Company's filings with the Securities and Exchange Commission.

The Company undertakes no duty to update forward-looking statements.

Carlisle is a diversified global manufacturing company serving the construction materials, commercial roofing, specialty tire and wheel, power transmission, heavy-duty brake and friction, heavy-haul truck trailer, refrigerated truck body, foodservice, aerospace, and test and measurement industries.

Source: Carlisle Press Release