ITG To Merge Cone Denim, BWW Into One Business Group

Greensboro, N.C.-based International Textile Group (ITG) has announced it will realign its Cone
Denim and Burlington WorldWide (BWW) apparel fabric divisions into one group doing business as ITG
Apparel & Specialty Fabrics. Going forward, the new apparel fabric group and ITG Automotive
Safety Group will comprise ITG’s principal businesses, while the Burlington House interior fabric
business and Carlisle Finishing also will continue to operate.

“Combining our apparel resources into a single business provides a simpler, more robust
platform to leverage our strengths and offer customers greater support within a more flexible,
cost-competitive structure,” said Joseph L. Gorga, president and CEO, ITG.

BWW President Kenneth T. Kunberger will take the helm as president of ITG Apparel &
Specialty Fabrics. Kunberger joined Burlington Industries Inc. in 1998, serving as executive vice
president, Burlington Sportswear and Burlington Denim. He was named president of Burlington
WorldWide in 2004, after ITG was formed through a merger of Burlington Industries and Cone Mills

Cone Denim President Thomas E. McKenna has announced he will leave the company following a
transition period.

“These businesses come together with tremendous brand equity and leadership positions in
their respective markets,” Kunberger said. “As a single, integrated business we look forward to the
opportunity to better support common customers and leverage our strengths in key technologies,
product development, customer service and manufacturing platforms, while preserving the value of
our brands.”

Jeff Peck, executive vice president, technical & specialty products; and Patrick Palmer,
executive vice president, worsted wool products, will have responsibility for specific Apparel
& Specialty Fabrics product lines. Kunberger will have responsibility for the cotton products
group comprising the BWW and Cone Denim cotton casual businesses

December 16, 2008