Shanghai Interface Carpet Co. Ltd.

In separate contracts MIGA issued insurance totaling $9.5 million to Interface Overseas Holdings Inc. for its equity investment in and shareholder loan investment to Shanghai Interface Carpet Co. Ltd. MIGA insurance covers the investments against the risks of transfer restriction, expropriation, and war and civil disturbance.

The project involves the construction and operation of a manufacturing facility to produce and sell carpet tiles. The project will benefit from substantial technical and managerial expertise and will offer the Chinese market high-grade carpet tiles at a lower price. Extensive technical, marketing and managerial training programs will be offered on-site and in the United States. A social welfare program has also been established for local employees and their families.