Albaad USA Announces Expansion Plans

United States.-based Albaad USA Inc. — a producer of nonwoven wet wipes for markets such as
personal, home and automotive care; and a subsidiary of Israel-based Albaad Massuot Yitzhak
Ltd.  — has announced it will invest more than US$9 million to expand its facility, creating
95 jobs in the process. The expansion coincides with Albaad winning a contract for a new infant wet
wipe product. The Office of the Governor of North Carolina reports the company will pay an average
annual wage of $21,820 plus benefits to each new hire.

“North Carolina was chosen for this project because of a wealth of talented and skilled
labor, good shipping lanes to the East and Midwestern parts of the U.S., accessibility to ports to
bring in raw materials, and a well-established new aero transportation hub at Piedmont Triad
International Airport,” said Dan Mesika, CEO, Albaad USA.

The expansion expenses are partially defrayed by a One North Carolina Fund grant of
US$350,000. The fund offers financial assistance to businesses through local governments to draw
business projects to the state to boost economic activity and create jobs.

“I was proud to work with Albaad USA as they decided to come to Reidsville,” said State
Representative E. Nelson Cole. “Our investments have paid off with the expansion and new jobs
announced today.”

April 21, 2010