Foamex Begins Stock Rights Offering

Linwood, PA, June 26, 2008--Foamex International has begun its stock rights offering and second lien loan offering.

In the rights offering, Foamex is offering stockholders of record on June 20 the right to buy 7.132 shares of Foamex common stock at $0.65 per share for every share they own.

In the second lien offering, second lien loan lenders can also buy stock at $0.65 per share using their second lien loans at par value.

Holders who exercise rights by July 9 will receive a 2 percent premium, payable in shares of common stock.