The dividend will be paid on January 20, 2014, to shareholders of record as of the close of business on January 6, 2014. Future dividend payments are subject to Board approval and may be adjusted at the Board’s discretion as business needs or market conditions change.

About Culp, Inc.

Culp, Inc. is one of the world’s largest marketers of mattress fabrics for bedding and upholstery fabrics for residential and commercial furniture.

The company markets a variety of fabrics to its global customer base of leading bedding and furniture companies, including fabrics produced at Culp’s manufacturing facilities and fabrics sourced through other suppliers. Culp has operations located in the United States, Canada, China and Poland.

Culp, Inc