Shaw Shareholders Approve Acquisition

DALTON, Ga., Jan. 4 /PR Newswire/ — Shaw Industries, Inc. (NYSE: SHX),announced that at a special
meeting of shareholders held today, its shareholders approved the previously announced acquisition
of Shaw Industries,Inc. by an investor group led by Berkshire Hathaway Inc. (NYSE: brKA brKB).The
acquisition is expected to become effective on January 8, 2001. As a result, shareholders of Shaw
Industries, Inc. will receive $19.00 in cash for each share of common stock that they own at the
time of the merger. Beginning on or about January 9, 2001, shareholders of record at the effective
time of the merger will be provided with letters of transmittal for delivery of their stock
certificates to the exchange agent in order to receive the merger consideration.SOURCE Shaw
Industries, Inc.Web Site: Copyright 2001 PR Newswire