Springs Global Announces New Organizational Structure

Springs Global US Inc., Fort Mill,
S.C. — a subsidiary of Springs Global Holdings S.A, Brazil, which was formed by the merger of
Springs Industries’ home textile business and Coteminas, Springs’ Brazil-based supplier — announced
a new organizational structure for the merged company.

Crandall Close Bowles and Josué Gomes da Silva, co-CEOs of Springs Global Holdings, said
Springs’ key account strategy is the model for the new organization.

Tom O’Connor, executive vice president, is in charge of all North and South American account
teams, and also is responsible for expanding share of existing markets, building market share in
Europe and developing new markets. He also is responsible for bed, bath and fabric window treatment
merchandising, marketing, design and product development. Reporting to O’Connor are Tom Gaffney,
head of bedding merchandising, and Dick Grissinger, head of bath merchandising. The Creative
Products, Baby, Basic Bedding, Owen Blankets, Canada, Wholesale and Springs Direct businesses,
which have retained their current leadership and structure, also report through O’Connor.

Pedro Bastos, formerly vice president of operations, Coteminas, leads global manufacturing
operations, which include approximately 25 bedding and bath manufacturing facilities in the United
States, Brazil, Argentina and Mexico.

Jeff Nigh, formerly senior vice president, bedding operations, Springs, oversees customer
service, demand planning, production planning and scheduling, capacity integration, international
and domestic transportation, and a bath products distribution center.

Chris Baker, formerly executive vice president and president of Springs’ Bath business,
heads up the global sourcing and purchasing organizations. He has responsibility for raw materials,
energy, finished goods and component sourcing, global supplier management, global strategic
alliances and Springs Asia.

Mario Sette, formerly director of export, Coteminas, is responsible for merging the two
companies so as to optimize cost savings and efficiencies, and to develop and help implement
related programs.

Roberto Cristofanilli, controller and head of information technology, Coteminas, heads up a
new Shared Services organization, with responsibility for integrating finance and technology

February 7, 2006