WestPoint Home Establishes Joint Venture With Indus

WestPoint Home, West Point, Ga., has established a joint venture with Pakistan-based Indus
Dyeing and Manufacturing Co. Ltd. The joint venture facility, known as Indus Home Ltd., will
produce towels in a newly expanded, vertical Indus plant outside Lahore, Pakistan. The plant
already is supplying goods to WestPoint and will increase its production over the next few months.
This joint venture is a vital step in restoring WestPoint Home as the industrys low-cost vendor and
advancing the company in the global market, said Joseph Pennacchio, CEO, WestPoint.

“For several years, WestPoint Home has purchased yarn from Indus Dyeing and Manufacturing, which
has proved itself in reliability and product quality, two key factors in our decision to select
Indus as a joint venture partner. Indus will produce WestPoint Homes full range of branded and
licensed label goods, as well as store brands made exclusively for WestPoint Home customers. Both
Indus and WestPoint are acknowledged textiles leaders, and our combined experience and expertise
will produce significant benefits and opportunities for future growth,” said Ifran Ahmed, director,

April 11, 2006