Ridgeview To Close Seneca Falls Facilities

Ridgeview Inc., Newton, N.C., announced that it plans to close its manufacturing facilities in
Seneca Falls, N.Y. Ridgeview has been manufacturing rugged outdoor and heavy-weight casual socks in
Seneca Falls since acquiring Seneca Knitting Mills Corp. in 1995.According to Ridgeview, it plans
to relocate a substantial portion of its Seneca Falls operations to its manufacturing facilities in
North Carolina.Approximately 160 hourly and salaried employees at Seneca Falls will be affected by
the closings.Upon completion of the relocation of these manufacturing operations to North Carolina,
we expect to realize substantial cost savings that will help us achieve our goal of returning
Ridgeview to profitability as soon as possible, said Hugh Gaither, president and CEO.

February 1999