Carlyle Announces Withdrawal of ElkCorp Tender Offer

New York - Global private equity firm The Carlyle Group today announced that CGEA Holdings, Inc. ("Parent"), a wholly owned subsidiary of Carlyle Partners IV, L.P. and its wholly owned subsidiary CGEA Investor, Inc. ("Purchaser"), have withdrawn their tender offer of $42.00 per share in cash for all shares of common stock of ElkCorp (NYSE: ELK) following the termination by ElkCorp of its merger agreement with the Carlyle affiliates and payment of a termination fee of $29.0 million in order to enter into a merger agreement with affiliates of Building Materials Corporation of America, which has announced an offer of $43.50 per share. No shares of ElkCorp were purchased pursuant to the offer by the Carlyle affiliates, and all tendered shares will be returned promptly.

About ElkCorp
ElkCorp, through its subsidiaries, manufactures Elk brand roofing and building products (90% of consolidated revenue) and provides technologically advanced products and services to other industries. Its common stock is listed on the New York Stock Exchange (NYSE:ELK). www.elkcorp.com.