Ridgeview To Close Mebane Finishing Facility

Ridgeview Inc., Newton, N.C., will close its finishing facility in Mebane, N.C. Ridgeview has been
finishing and shipping sports-specific socks in Mebane since acquiring Tri-Star Hosiery in July
1998. Ridgeview intends to relocate current Mebane operations to its manufacturing facilities in
Newton, N.C., and Fort Payne, Ala.Hugh Gaither, president and CEO, said, The consolidation is
simply a matter of reducing costs and improving profitability for Ridgeview. It is another step in
an operational restructuring which creates a new, more efficient Ridgeview sock operation.

January 2001