Springs Consolidates Lyman Finishing At Grace Complex

Springs Industries Inc., Fort Mill, S.C., is to close the finishing operation at its Lyman Complex,
Lyman, S.C., and consolidate this operation at its Grace Complex, Lancaster, S.C. Approximately 200
associates at Lyman will lose their jobs, but approximately 50 jobs will be created at Grace.

The Lyman finishing and printing departments will begin phasing out Jan. 31, and will cease
operations by March 1 of this year. Lymans dyeing, sewing, distribution and other operations, which
employ about 800 associates, will continue.

According to Jeff Nigh, senior vice president, manufacturing, Bedding, the consolidation will
improve flexibility and enable more economical bedding fabric production at Grace.

Affected associates will be offered positions at Lyman, Grace and other company facilities as
they become available.

January 2004