Springs Global US Announces Restructuring

Fort Mill, S.C.-based Springs Global US Inc. – a home furnishings supplier and subsidiary of
Brazil-based Springs Global Participações S.A. – is restructuring to create two business units. Joe
Granger will lead the Branded business unit, which includes the Wamsutta® and Springmaid® brands as
well as licensed brands such as Walt Disney World®, Serta® and other brands; and Harvey Simon will
run the Private Label business unit. The two business units will share a services organization run
by Springs’ CFO Flavio Barbosa, and a creative organization headed by Edward Cardimona, chief
creative officer.

“Our core strategy is to foster innovation, bring new products to the marketplace under our
brands and our retail partners’ brands, and deliver a full presentation of products for the home,”
said Josué Gomes da Silva, CEO and chairman, Springs Global. “This restructuring will allow us to
leverage our valued brand assets and provide unparalleled products, service and creativity for our
customers and consumers.

“The team of senior leaders that will guide Springs Global US in this new approach makes us
confident that we will deliver excellence to all of our stakeholders and succeed in today’s
economic environment.”

March 3, 2009