Picanol Garners Orders From Companies In Russia

Belgium-based Picanol NV recently secured orders from three companies in Russia for a total of 155
weaving machines. The Russian Textiles Alliance has ordered 100 OMNIplus and 10 TERRYplus weaving
machines. Shujskie Sitsy Cotton Mills has ordered 40 OMNIplus weaving machines, and Promtextile has
ordered five GamMax weaving machines.

According to Picanol, the order from the Russian Textiles Alliance represents the
largest-single Russian contract with a Western weaving machine company since Perestroika was
implemented. The first 45 weaving machines were shipped in February, with the remainder to be
delivered by September. The alliance will use the Picanol machines at several mills located in the
Russian Federation and Kazakhstan.

March 2004