Springs Sells Decorative Floor Business To CSB World Carpets

Springs Industries Inc., Fort Mill,
S.C., has sold its Springs Decorative Floor Inc. area and accent rugs business to C.S. Brooks (CSB)
World Carpets Inc., Dalton, Ga., for an undisclosed price. The purchase includes Decorative Floor’s
manufacturing facilities and related assets in Dalton and Canada. CSB World also has received a
license to use Springs’ Springmaid®, Wamsutta® and Regal® brands in its marketing efforts.

“[CSB World is] very pleased to have this opportunity to work with Springs Industries and
the current management and employees of Decorative Floor Inc. to continue to help build on the
successes they have demonstrated in the accent and area rug markets,” said Brook Johnson, founder
and CEO, CSB World Carpets.

“We are pleased to position our decorative floor business for future growth with CSB World,”
said Crandall Bowles, chairman, Springs Industries. “We believe this will be a positive
development, for our employees as well as our customers. … [W]e expect to work closely with CSB
World on specific marketing initiatives for certain customers.”

Tina Gunter, formerly head of marketing at Springs Decorative Floor, will serve as
president, CSB World. She will continue to be responsible for design, sales and marketing in her
new position. David Wingate, formerly in charge of financial activities at Springs Decorative
Floor, will serve as executive vice president, CSB World, with responsibility for operations and
financial activities.

Springs Decorative Floor and another business unit, Springs Window Fashions, remained under
the umbrella of Springs Industries after the company folded its textile home fashions operations
into Springs Global US Inc. — the US subsidiary of Springs Global Holdings S.A., Brazil, formed by
the merger of Springs’ home textile business and its Brazil-based supplier, Coteminas — in late
2005. Springs Industries continues to operate Springs Window Fashions.

November 14, 2006