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Interface resumes payment of dividend

23
Feb '07
Interface Inc announced that its Board of Directors has declared a regular quarterly cash dividend of $0.02 per share payable March 23, 2007 to shareholders of record as of March 9, 2007. It will be the first dividend the Company has paid since July 2002.

"We are pleased that the Company is in a position to resume paying a dividend, allowing our shareholders to enjoy some of the benefits of our many successes," said Daniel T. Hendrix, President and Chief Executive Officer.

The Company also announced the election of Harold Paisner to its board of directors. Mr. Paisner was elected as a Class B director, filling a vacancy created by the retirement of Clarinus C. Th. van Andel. (Thus, the total members of the Company's board of directors remains at 11, of which 9 are independent directors).

Mr. Paisner, age 67, is a Senior Partner with the law firm Berwin Leighton Paisner, LLP in London, England. He currently is a member of the respective boards of directors of FIBI Bank (UK) plc and Think London, and serves as a Governor of Ben Gurion University of the Negev and as a Trustee of the Institute of Jewish Policy Research.

Formerly, Mr. Paisner has served as a director of Courts plc, LINPAC Group Limited, and Estates & Agency Holdings plc. He holds a Juris Doctorate degree from the College of Law, London, and a Bachelor of Arts degree in politics, philosophy and economics from University College of Oxford.

Mr. Hendrix commented, "Appointing Harold to the board will ensure that we maintain a vastly-experienced and highly knowledgeable European voice in our deliberations. Through his legal practice, he has been familiar with Interface's European operations for many years, and we are looking forward to him playing an even larger role in the growth of our company. We enthusiastically welcome him to Interface."

Interface Inc, USA


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