Paragon Announces Change in Securities Listing

Norcross, Georgia (PROTEXT) - Paragon Trade Brands, Inc.(NYSE: PTB) in conjunction with the New York Stock Exchange("NYSE") today announced that trading in the common stock of theCompany will be suspended prior to the opening of trading onThursday, July 8, 1999, or such earlier date as i) the Companycommences trading in another securities marketplace; ii)information is received that the Company does not meet thelisting requirements of the other securities marketplace; or iii)the Company makes a material adverse news announcement. As aresult of the financial statement impact of costs related to theunfavorable patent infringement judgment and Chapter 11 filing,as well as costs related to the settlement of other litigationmatters, the Company no longer fully satisfies all of theguidelines of the NYSE for continued listing. Application forlisting the Company's shares by the National Quotation Bureau andon the OTC Bulletin Board will be made shortly. Paragon TradeBrands is the leading manufacturer of store brand infantdisposable diapers in the United States and Canada. Paragonmanufactures a line of premium and economy diapers, trainingpants, and feminine care and adult incontinence products, whichare distributed throughout the United States and Canada,primarily through grocery and food stores, mass merchandisers,warehouse clubs, toy stores and drug stores that market theproducts under their own store brand names. Paragon has alsoestablished international joint ventures in Mexico, Argentina,Brazil and China for the sale of infant disposable diapers andother absorbent personal care products. Statements made in this press release, other than thoseconcerning historical information, should be considered forward-looking statements. Such statements are subject to certain risksand uncertainties that could cause actual results to differmaterially from those expressed in the Company's forward-lookingstatements. Factors which could affect the Company's financialresults, including, but not limited to: the Company's Chapter 11filing; increased raw material prices; new product and packagingintroductions by competitors; increased price and promotionpressure from competitors; new competitors in the market; Year2000 compliance issues; and patent litigation, are described inthe Company's Annual Report on Form 10-K filed with theSecurities and Exchange Commission. Readers are cautioned not toplace undue reliance on the forward-looking statements containedherein, which speak only as of the date hereof, and which aremade by management pursuant to the "safe harbor" provisions ofthe Private Securities Litigation Reform Act of 1995. otsOriginal Text Service: Paragon Trade Brands, Inc. Internet:http://www.newsaktuell.de Contact: Kurt P. Ross or Guy B.Lawrence of K.P. Ross, Inc., 212-308-3333, or email,kpross1@msn.com , or Alan J. Cyron, Executive Vice President andChief Financial Officer of Paragon Trade Brands, Inc., 678-969-5200

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