OC Owens Corning Inc

TOLEDO, Ohio, June 13 /PRNewswire-FirstCall/ -- Owens Corning (NYSE:OC) announced today that the expiration date of the offer to exchange Owens Corning's 6.5% Senior Notes due 2016 and Owens Corning's 7.0% Senior Notes due 2036 has been extended from 5 p.m. EDT on July 12, 2007, to 5 p.m. EDT on June 15, 2007. Holders may exchange Senior Notes that were issued and sold in transactions exempt from registration under the Securities Act of 1933, as amended, for identical notes that have been registered under the Securities Act of 1933, as amended. As of 5 p.m. June 12, 2007, $649,825,000 of the $650,000,000 6.5% Senior Notes due 2016 had been tendered, and $549,700,000 of the $550,000,000 7.0% Senior Notes due 2036 had been tendered. Both bonds tendered represent greater than 99% of the issuance. Except for the extension of the expiration date, all of the other terms of the exchange offer remain as set forth in the exchange offer prospectus and related documents. This press release does not constitute an offer to sell or the solicitation of an offer to buy any security and shall not constitute an offer, solicitation or sale in any jurisdiction in which, or to any persons to whom, such offering, solicitation or sale would be unlawful. Requests for information and copies of the exchange offer prospectus and related documents may be obtained from LaSalle Bank, N.A., as exchange agent for the exchange offer, at the following: Phone: 312-904-2226 Facsimile: 312-904-4018 By mail: LaSalle Bank National Association 135 South LaSalle Street, Suite 1560 Chicago, IL 60603 Attn: Corporate Trust Services / Owens Corning About Owens Corning Owens Corning is a world leader in building materials systems and composite solutions. A Fortune 500 company for more than 50 years, Owens Corning people redefine what is possible each day to deliver high-quality products and services ranging from insulation, roofing, siding and stone, to glass composite materials used in transportation, electronics, telecommunications and other high-performance applications. Founded in 1938, Owens Corning is a market-leading innovator of glass-fiber technology with sales of $6.5 billion in 2006 and 19,000 employees in 26 countries. Additional information is available at http://www.owenscorning.com/ . DATASOURCE: Owens Corning CONTACT: Media, Jason Saragian, +1-419-248.8987, or Investors, Scott Deitz, +1-419-248-8935, both of Owens Corning Web site: http://www.owenscorning.com/ Company News On-Call: http://www.prnewswire.com/comp/677350.html

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