Sun Capital Subsidiary Acquires Kellwood

Cardinal Integrated LLC, a wholly owned subsidiary of Sun Capital Securities Group LLC, has
successfully completed a $21-per-share cash tender offer for approximately 2.5 million outstanding
shares of St. Louis-based branded apparel and soft goods marketer Kellwood Co. Added to Sun
Capital’s existing 11.4-percent holding of Kellwood shares, Cardinal Integrated will hold
approximately 93.7 percent of Kellwood outstanding shares.

Shares not acquired through the tender offer or otherwise owned by Cardinal Integrated or one
of its affiliates will be converted into the right to receive cash payments of $21 per share,
subject to appraisal rights. The transaction is valued at $762 million including net debt, upon
completion of the acquisition, which is expected very soon, according to a Sun Capital

Once the merger is complete, Kellwood will become wholly owned, privately held subsidiary of
Cardinal Integrated.

“As a strong, private company, Kellwood will continue to execute on its strategic priorities
to position the company as a brand-focused marketing enterprise,” said Robert C. Skinner Jr.,
chairman, president and CEO, Kellwood.

February 19, 2008