Ms. Elisabeth Hamaoui reports

GILDAN ACTIVEWEAR REPORTS ON SHAREHOLDERS' VOTING RESULTS

The 10 nominees proposed as directors in Gildan Activewear Inc.'s management proxy circular dated March 6, 2023, were elected as directors of the company by a majority of the votes cast by the shareholders or represented by proxy at its virtual annual and special meeting of shareholders held on May 4, 2023, in Montreal. Gildan also notes that a majority of shareholders voted for the non-binding advisory vote on executive compensation (say on pay), the reappointment of the auditor, the ratification and renewal of the shareholder rights plan, and the approval of the two amendments to the long-term incentive plan (each a separate voting item). The majority of shareholders voted against the shareholder proposal.

The voting results are detailed in the attached table.

About Gildan Activewear Inc.

Gildan is a leading manufacturer of everyday basic apparel, marketing its products in North America, Europe, Asia-Pacific and Latin America, under a diversified portfolio of company-owned brands, including Gildan, American Apparel, Comfort Colors, Goldtoe, Peds, and under the Under Armour brand through a sock licensing agreement providing exclusive distribution rights in the United States and Canada. The company's product offerings include activewear, underwear and socks, sold to a broad range of customers, including wholesale distributors, screenprinters or embellishers, as well as to retailers that sell to consumers through their physical stores and/or e-commerce platforms, and to global lifestyle brand companies.

Gildan owns and operates vertically integrated, large-scale manufacturing facilities that are primarily located in Central America, the Caribbean, North America and Bangladesh. Gildan operates with a strong commitment to industry-leading labour, environmental and governance practices throughout its supply chain in accordance with its comprehensive ESG (environmental, social and governance) program embedded in the company's long-term business strategy.