Monarch Knitting Machinery LLC Acquires Trustfin

Monarch Knitting Machinery Corp., through its subsidiary Monarch Machinery LLC, has acquired
Trustfin a.s., located in the Czech Republic. Trustfin’s largest holding is Uniplet, the Czech
manufacturer of hosiery knitting machinery and the Charlotte line of seamless knitting machinery.
Uniplet, founded in 1949, is renowned for its Ange line of sports sock machines, as well as its
men’s Dera and women’s Edis hosiery machinery models. Monarch first became involved with
Trustfin/Uniplet in a joint venture to build seamless body size machines. Circumstances put Monarch
in a position to acquire the Czech companies. Bruce Pernick, president of Monarch, was impressed
with the level of technology and know-how at Uniplet, as well as the proactive and sophisticated
marketing and administration at Trustfin. Pernick also recognized the synergy that could exist
between its Vanguard division and Uniplet. Now that Trustfin/Uniplet has a solid company like
Monarch behind it, Pernick is confident that its current customers will feel reassured, and new
customers will have the confidence to consider Uniplet a very viable alternative.

Press release courtesy of Monarch Knitting Machinery Corp.

September 2004