Guilford Refocuses Operation To Strengthen Market Position

Guilford Mills Inc., Greensboro, N.C., has announced several organizational changes made to
strengthen short- and long-term market positioning of the company.

According to John Emrich, president and CEO, the Fishman and Greenberg Apparel Home Fashion
manufacturing sites will be consolidated as one plant under one management team. This move will
improve communications, upgrade operational efficiency and will make better use of the employees.

Guilford will also reorganize its sales and marketing organization under Michael Greenberg.

It was also announced that the company will move its circular knit dyeing and finishing
operation into a new plant under construction in Tampico, Mexico. This transiton will begin in the
first quarter of 2001.

March 2000