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Maidenform Appointment

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On Monday, August 6, 2001 Maidenform, Inc. announced the appointment of Thomas J. Ward as President and Chief Executive Officer, effective immediately. Ward has also been asked to serve as a member of the Board of Directors. Ward had previously served as President and Chief Operating Officer of WestPoint Stevens, Inc., and most recently as Chairman of Thomas Ward Associates LLC, an international consulting firm. He has extensive experience in sales and marketing, finance, and supply chain & logistics. James A. Williams, Chairman of the Board of Directors of Maidenform, Inc., said, "We welcome Tom Ward to our company. He has the marketing acumen necessary to strategically position our brands for profitable growth." "Ward brings the operational expertise to build the company's financial strength and ensure that our products are manufactured and sourced more effectively," said Charles Masson, interim Chief Executive Officer of Maidenform, Inc., a member of the Board of the Directors and a principal of Leary, Masson & Associates. Ward is involved in a number of charitable causes, and is a Director of the Education Foundation for the Fashion Industries at the Fashion Institute of Technology. Additionally, he is the Chairman of the Fashion Advisory Board of Marist College. Maidenform, Inc. is an international marketer of branded intimate apparel. The Maidenform brand is recognized as one of the premier national brands with exceptional consumer acceptance. In addition, the Flexees and Lilyette brands are leaders in their categories and are experiencing outstanding growth. Maidenform, Inc. is a privately held firm with majority ownership held by certain funds and accounts managed by Oaktree Capital Management, LLC a registered investment advisor with over eighteen billion dollars committed to its management.

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