Springs Global To Shutter Griffin Plant

Fort Mill, S.C.-based Springs Global US Inc. — a home furnishings supplier and a subsidiary of
Brazil-based Springs Global Participações S.A. — has announced plans to phase out the towel
manufacturing and distribution operations at its facility in Griffin, Ga., and transfer production
to Brazil. The company will begin to shut down operations around Feb. 28, 2009, and the plant will
close within 45 days of that date. The shutdown will affect 365 associates in Griffin.

The affected employees will be eligible for severance pay. The company has applied for
federal trade adjustment benefits and also will work to help find new local employment
opportunities for those impacted by the decision.

January 6, 2009