April 30, 2002 ¾  Omaha, Nebraska (BRK.A, BRK.B). Berkshire Hathaway Inc. announced today the consummation of its purchase of substantially all of Fruit of the Loom’s business operations.

The order of the U.S. Bankruptcy Court for the District of Delaware confirming the Joint Plan of Reorganization of Fruit of the Loom and its subsidiaries became final yesterday, April 29, 2002. Berkshire’s acquisition completes Fruit of the Loom’s emergence from bankruptcy under the Plan approved by its creditors and the Court.

Fruit of the Loom, headquartered in Bowling Green, Kentucky, will operate as an independent, wholly owned subsidiary of Berkshire Hathaway Inc.

Berkshire Hathaway Inc. is a holding company owning subsidiaries engaged in a number of diverse business activities. The most important of these is the property and casualty insurance business conducted on both a direct and reinsurance basis through a number of subsidiaries.

Fruit of the Loom is a leading international vertically integrated basic apparel company, emphasizing branded products for consumers of all ages. The Company is one of the world’s largest manufacturers and marketers of men’s and boys’ underwear, women’s and girls’ underwear, printable T-shirts and fleece for the activewear industry, casualwear and childrenswear. Fruit of the Loom employs approximately 23,000 people in over 50 locations worldwide. The Company sells its products principally under the FRUIT OF THE LOOM® and BVD® brands. For more information about the Company and its products, visit http://www.fruit.com.

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