Picanol Korea Moves Branch Office

Picanol Korea Ltd., Belgium-based weaving machine manufacturer Picanol NV’s Korean subsidiary, has
moved its Taegu branch office, which provides mechanical and electronic repair services, spare
parts and training facilities. The new office is located at 1120-10, Joongri-Dong, Seo-Gu, Taegu,
South Korea; 82 53 521 1811; fax 82 53 521 1810.

December 2003