Mr. Glenn Chamandy reports

GILDAN COMPLETES THE ACQUISITION OF HANESBRANDS

Gildan Activewear Inc. has completed the previously announced acquisition of HanesBrands Inc., creating a global apparel leader.

"Today marks the beginning of an exciting new chapter. By welcoming HanesBrands into the Gildan family, we are doubling our scale, combining iconic brands with our world-class, low-cost, vertically integrated platform and unlocking a powerful engine for innovation and growth. Together, our complementary strengths in activewear and innerwear, across channels and geographies, position us to better serve our customers and deliver sustainable, long-term value for our shareholders," said Glenn J. Chamandy, president and chief executive officer of Gildan. "Our priority now is to execute a seamless, collaborative integration that enables us to fully capture the value of our expanded platform and deliver at least $200-million in run rate cost synergies, as announced on Aug. 13, 2025."

About Gildan Activewear Inc.

Gildan is a leading manufacturer of everyday basic apparel. The company's product offering includes activewear, underwear, socks and intimates sold to a broad range of customers, including wholesale distributors, screenprinters, embellishers, retailers or e-commerce platforms, as well as global lifestyle brand companies. Gildan markets its products in North America, Europe, Asia Pacific and Latin America under a diversified portfolio of company-owned brands including Gildan, Hanes, Comfort Colors, American Apparel, Allpro, Goldtoe, Peds, Bali, Playtex, Maidenform and Bonds, as well as Champion, which is under an exclusive licensing agreement for the printwear channel in the United States and Canada.

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

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