Dan River Inc. Revises Second Quarter 2001 Outlook.

Business Editors

DANVILLE, Va.--(BUSINESS WIRE)--June 20, 2001

Dan River Inc. (NYSE:DRF) today announced that it experienced sluggish demand for both its home fashions products and its apparel fabrics during the May period and that lackluster demand has carried over into the June period.

This weakness was particularly acute in some of the higher margin products which will negatively impact expected profitability in the second quarter. Accordingly, the Company now anticipates that it will incur a loss in the range of $0.25 to $0.30 per basic share in the second quarter.

Dan River will host its second quarter conference call on Wednesday, August 1, 2001 at 10:00 AM (EDT). The call will be broadcast live over the internet. To access the call on August 1, visit our website at www.danriver.com, Investor Relations, Announcements.

Note: This press release contains forward-looking statements under applicable securities laws. Dan River's performance could be materially and adversely affected in the event textile inventories are not further reduced from current levels, or if consumer demand for textile products does not improve at retail, or by other market and industry factors, many of which are outside Dan River's control. Risks generally associated with Dan River's business are detailed in Dan River's Current Report on Form 8-K which was filed with the Securities and Exchange Commission on July 20, 1998. Management believes these forward-looking statements are reasonable; however, undue reliance should not be placed on such statements, which are based on current expectations.