Cone Denim Cuts Operations At White Oak Plant

Greensboro, N.C.-based Cone Denim, a division of International Textile Group Inc. (ITG), has
announced it will shut down the yarn operation and reduce some weave capacity at its White Oak
Plant. The action, which is expected to be completed by the beginning of December, will impact some
150 employees.

“Our operation at White Oak remains the primary platform for servicing and growing the
premium jeans market in the US and Europe,” said Delores Sides, director, corporate communications
and human resources, ITG. “The premium segment has also been impacted by the slowing economy, and
we are making changes at the plant to better align our operations with current demand and global
cost pressures.”

Sides said going forward, the plant will purchase yarn externally for its weaving operation.

November/December 2008