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TEFRON ANNOUNCES DECLARATION OF DIVIDEND
MISGAV, ISRAEL, APRIL 2, 2008 - TEFRON LTD. (NYSE:TFR; TASE:TFRN), a leading
producer of seamless intimate apparel and engineered-for-performance (EFP(TM))
active wear, announced that its Board of Directors today declared a cash
dividend in the aggregate amount of $8 million, or approximately $0.377 per
share based on the number of shares outstanding on the date hereof (excluding
shares held by a wholly owned subsidiary of Tefron). The actual dividend per
share will be based on the number of shares outstanding on the record date.
The dividend, net of taxes withheld at source pursuant to applicable law, will
be payable on or about May 1, 2008 to shareholders of record as of close of
business on April 14, 2008.
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ABOUT TEFRON
TEFRON MANUFACTURES BOUTIQUE-QUALITY EVERYDAY SEAMLESS INTIMATE APPAREL, ACTIVE
WEAR AND SWIM WEAR SOLD THROUGHOUT THE WORLD BY SUCH NAME-BRAND MARKETERS AS
VICTORIA'S SECRET, NIKE, TARGET, THE GAP, BANANA REPUBLIC, J. C. PENNEY,
LULULEMON ATHLETICA WARNACO/CALVIN KLEIN, PATAGONIA, REEBOK, DOLCE AND GABBANA,
AND EL CORTE ENGLESE, AS WELL AS OTHER WELL KNOWN RETAILERS AND DESIGNER LABELS.
THE COMPANY'S PRODUCT LINE INCLUDES KNITTED BRIEFS, BRAS, TANK TOPS, BOXERS,
LEGGINGS, CROP, T-SHIRTS, NIGHTWEAR, BODYSUITS, SWIM WEAR, BEACH WEAR AND
ACTIVE-WEAR.
THIS PRESS RELEASE CONTAINS CERTAIN FORWARD-LOOKING STATEMENTS, WITHIN THE
MEANING OF SECTION 27A OF THE US SECURITIES ACT OF 1933, AS AMENDED, SECTION 21E
OF THE US SECURITIES EXCHANGE ACT OF 1934, AS AMENDED, AND THE SAFE HARBOR
PROVISIONS OF THE US PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995, WITH
RESPECT TO THE COMPANY'S BUSINESS, FINANCIAL CONDITION AND RESULTS OF
OPERATIONS. WE HAVE BASED THESE FORWARD-LOOKING STATEMENTS ON OUR CURRENT
EXPECTATIONS AND PROJECTIONS ABOUT FUTURE EVENTS.
WORDS SUCH AS "BELIEVE," "ANTICIPATE," "EXPECT," "INTEND," "WILL," "PLAN,"
"COULD," "MAY," "PROJECT," "GOAL," "TARGET," AND SIMILAR EXPRESSIONS OFTEN
IDENTIFY FORWARD-LOOKING STATEMENTS BUT ARE NOT THE ONLY WAY WE IDENTIFY THESE
STATEMENTS. EXCEPT FOR STATEMENTS OF HISTORICAL FACT CONTAINED HEREIN, THE
MATTERS SET FORTH IN THIS PRESS RELEASE REGARDING OUR FUTURE PERFORMANCE, PLANS
TO INCREASE REVENUES OR MARGINS AND ANY STATEMENTS REGARDING OTHER FUTURE EVENTS
OR FUTURE PROSPECTS ARE FORWARD-LOOKING STATEMENTS.
THESE FORWARD LOOKING STATEMENTS ARE SUBJECT TO RISKS AND UNCERTAINTIES THAT
COULD CAUSE ACTUAL RESULTS TO DIFFER MATERIALLY FROM THOSE CONTEMPLATED IN SUCH
FORWARD-LOOKING STATEMENTS, INCLUDING, BUT NOT LIMITED TO:
o OUR CUSTOMERS' CONTINUED PURCHASE OF OUR PRODUCTS IN THE SAME VOLUMES
OR ON THE SAME TERMS;
o THE CYCLICAL NATURE OF THE CLOTHING RETAIL INDUSTRY AND THE ONGOING
CHANGES IN FASHION PREFERENCES;
o THE COMPETITIVE NATURE OF THE MARKETS IN WHICH WE OPERATE, INCLUDING
THE ABILITY OF OUR COMPETITORS TO ENTER INTO AND COMPETE IN THE
SEAMLESS MARKET IN WHICH WE OPERATE;
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o THE POTENTIAL ADVERSE EFFECT ON OUR BUSINESS RESULTING FROM OUR
INTERNATIONAL OPERATIONS, INCLUDING INCREASED CUSTOM DUTIES AND IMPORT
QUOTAS (E.G., IN CHINA, WHERE WE MANUFACTURE FOR OUR SWIMWEAR
DIVISION).
o THE POTENTIAL ADVERSE EFFECT ON OUR FUTURE OPERATING EFFICIENCY
RESULTING FROM OUR EXPANSION INTO NEW PRODUCT LINES WITH MORE
COMPLICATED PRODUCTS AND DIFFERENT RAW MATERIALS;
o THE PURCHASE OF NEW EQUIPMENT THAT MAY BE NECESSARY AS A RESULT OF OUR
EXPANSION INTO NEW PRODUCT LINES;
o OUR DEPENDENCE ON OUR SUPPLIERS FOR OUR MACHINERY AND THE MAINTENANCE
OF OUR MACHINERY;
o THE FLUCTUATIONS COSTS OF RAW MATERIALS; OUR DEPENDENCE ON
SUBCONTRACTORS IN CONNECTION WITH OUR MANUFACTURING PROCESS;
o OUR FAILURE TO GENERATE SUFFICIENT CASH FROM OUR OPERATIONS TO PAY OUR
DEBT;
o FLUCTUATIONS IN INFLATION AND CURRENCY; AND
o POLITICAL, ECONOMIC, SOCIAL, CLIMATIC RISKS, ASSOCIATED WITH
INTERNATIONAL BUSINESS AND RELATING TO OPERATIONS IN ISRAEL;
AS WELL AS CERTAIN OTHER RISKS DETAILED FROM TIME TO TIME IN THE COMPANY'S
FILINGS WITH THE SECURITIES AND EXCHANGE COMMISSION. THE COMPANY UNDERTAKES NO
OBLIGATION TO PUBLICLY RELEASE ANY REVISIONS TO THESE FORWARD-LOOKING STATEMENTS
TO REFLECT EVENTS OR CIRCUMSTANCES AFTER THE DATE HEREOF OR TO REFLECT THE
OCCURRENCE OF UNANTICIPATED EVENTS.
CONTACTS
COMPANY CONTACT: IR CONTACT:
ASAF ALPEROVITZ EHUD HELFT / KENNY GREEN
CHIEF FINANCIAL OFFICER G.K. INVESTOR RELATIONS
+972-4-9900803 1 646 201 9246
Aasaf@Tefron.com info@gkir.com
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