Unifi Reports Q4, Year-End LossesUnifi Inc., Greensboro, reported a net loss of $30.5 million, or
57 cents per share, for the quarter ending June 29, 2003. The figure includes pre-tax restructuring
charges of $16.9 million and $13.9 million related to the outcome of arbitration with Wilmington,
Del.-based DuPont concerning their alliance for the manufacture of partially oriented polyester
filament yarn. Net sales of $206.1 million compared with year-earlier net sales of $256.5
million.For the fiscal year ending June 29, 2003, Unifi posted a net loss of $27.2 million, or 51
cents per share, on net sales of $849.1 million compared with 2002 net sales of $914.7
million.Unifi ended the year with $76.8 million cash on hand and with no outstanding amounts under
its bank credit facility. We have continued to make progress in strengthening our balance sheet,
and remain focused on improving the overall performance of our operating results, said Brian Parke,
CEO. We have the right product, global expansion and marketing strategies in place, supported by an
organization that is leaner, faster and more efficient than ever.In order to better serve apparel
manufacturers operating in the Caribbean Basin, Parke said Unifi is working to improve its
transportation logistics and inventory management in that region. In addition, our operations in
Brazil have outperformed expectations, as strong demand for our products throughout that region has
resulted in greater than anticipated results, he said.
September 2003

Legislation Seeks New Tariffs on Chinese GoodsConcerned that the Bush administration is not taking
strong enough actions to combat what they believe are subsidized Chinese exports resulting from
currency manipulation, textile industry supporters in both the House and Senate have introduced
legislation that would levy additional tariffs on Chinese goods. Sens. Elizabeth Dole (R-NC),
Lindsey Graham (R-SC) and Charles Schumer (D-NY) are offering a bill that would levy tariffs of
27.5 percent if China does not float its currency within 180 days. On the House side, Reps. Cass
Ballenger (R-NC), Phil English (R-Penn) and Mark Greene (R-Wisc) are sponsoring a bill that would
put a 40 percent tariff on Chinese goods, which is the amount of subsidy industry officials claim
China enjoys as a result of its fixed exchange rate. Robert Dupree, vice president of government
relations for the American Textile Manufacturers Institute, said the legislation, if enacted, would
penalize China for its use of currency manipulation to gain an export advantage. He said the bills
in both the House and Senate reflect the growing recognition in Congress that illegal and unfair
trade practices are wiping out American jobs.The bills not likely to be enacted, but they could put
additional pressure on the administration to act.By James A. Morrissey, Washington Correspondent
September 2003

Johnson Named Interim President of ATMICass Johnson, a highly regarded international trade expert,
has been named interim president of the American Textile Manufacturers Institute (ATMI), replacing
Parks Shackelford who resigned to take a position with a sugar manufacturer. Johnson joined ATMI in
1991 as assistant director of international trade. He was promoted to senior vice president in
March of 2003. Johnson has traveled throughout the world as an adviser to the US government during
international trade negotiations and has worked closely on the industrys behalf with government
trade authorities in Washington.At the same time, ATMI promoted Robert Dupree to vice president,
governmental affairs, and Patty Adair to vice president, textile product services and standards.
Johnsons interim appointment is a reflection of ATMIs uncertain future, which could include a
merger with one or more other textile trade associations. ATMI Chairman Willis C. Moore III, vice
president for governmental and investor relations for Unifi, Inc., told Textile World that ATMI is
looking at all options with respect to staffing and other considerations. He emphasized that the
primary goal is to help the textile industry speak with a united voice in Washington.By James A.
Morrissey, Washington Correspondent
September 2003