Mayer Elected Chairman Of VDMA Textile Machinery Association

Frankfurt-based German Engineering Federation (VDMA) Textile Machinery Association — has named
Fritz P. Mayer, managing partner, Karl Mayer Textilmaschinenfabrik GmbH, chairman, to succeed
Johann Philipp Dilo, who served as chairman from 2005 until the present.

Dilp proposed that Mayer was a good candidate for chairman, because of his long-term
experience not only at the top of a medium-sized company but also in the Chinese market. Mayer has
been in a management position at Germany-based Karl Mayer — a manufacturer of warp-knitting and
Raschel machines — since 1980.

The board of directors also appointed Heinrich Trützschler, managing partner, Trützschler
GmbH & Co. KG, and Karlheinz Liebrandt, co-owner, Liba Maschinenfabrik GmbH, as vice-chairman.

June 24, 2008