Reporting Person:  MatlinPatterson LLC

Issuer Name and Ticker Symbol:  Polymer Group, Inc. (POLGA.OB)

Date of Event Requiring Statement:   08/15/05

Footnotes

(1) The holders of 16% Series A Convertible Pay-In-Kind Preferred Stock of the
Issuer (the "Preferred Stock") are entitled at any time before the close of
business on June 30, 2012, unless previously redeemeed at the option of the
Issuer, to convert any or all of the Preferred Stock into shares of the Issuer's
Class A Common Stock, par value $0.01 per share (the "Class A Common Stock") at
a conversion rate of 137.14286 shares of Class A Common Stock per $1,000
liquidation amount of a share of Preferred Stock, subject to adjustment in
certain events described in Certificate of Designations governing the Preferred
Stock.

(2) The 3,789 shares of Preferred Stock which are exercisable for 519,635 shares
of Class A Common Stock were acquired as payment in kind interest on the 47,353
shares of Preffered Stock beneficially owned by the Reporting Persons, the
ownership of which was previously reported.

(3) MatlinPatterson Global Opportunities Partners L.P. ("Matlin Partners
(Delaware)") is the direct beneficial owner of 37,927 shares of Preferred Stock
and MatlinPatterson Global Opprtuntiies Partners (Bermuda) L.P. ("Matlin
Partners (Bermuda)") is the direct beneficial owner of 13,216 shares of
Preferred Stock. MatlinPatterson Global Partners LLC ("Matlin Global Partners")
is the general partner of Matlin Partners (Delaware) and Matlin Partners
(Bermuda). MatlinPatterson Global Advisers LLC ("Matlin Advisers") is the
investment advisor to Matlin Partners (Delaware) and Matlin Partners (Bermuda).
MatlinPatterson Asset Management LLC ("Matlin Asset Management") is the managing
member of Matlin Global Partners and Matlin Advisers. MatlinPatterson LLC
("MatlinPatterson") is the managing member of Matlin Asset Management. David J.
Matlin and Mark R. Patterson each own 50% of the membership interests of
MatlinPatterson. Mark R. Patterson is signing this form on his own behalf, as
chairman of Matlin Advisers and Matlin Asset Management, as a member of
MatlinPatterson, as director of Matlin Global Partners and on behalf of Matlin
Partners (Delaware) and Matlin Partners (Bermuda), as director of their general
partner, Matlin Global Partners. David J. Matlin is signing this form on his own
behalf. Matlin Global Partners, Matlin Partners (Delaware), Matlin Partners
(Bermuda), Matlin Asset Management, Matlin Advisers, MatlinPatterson, David J.
Matlin and Mark R. Patterson (the "Reporting Persons") each disclaim beneficial
ownership of the reported Preferred Stock except to the extent of their
pecuniary interests therein.
