Nilit Unifi Plan Joint Venture

Nilit Ltd., Israel, and Unifi Inc.,
Greensboro, N.C., have agreed to form a joint venture in Israel to produce nylon 6,6 POY yarns for
texturing. The nylon produced will be used in apparel, industrial and home fashion yarns.

Both companies regard this decision as a reaffirmation of their commitment to quality and
customer service.

July 2000