April 22, 2016

Financial

Gildan Activewear Announces First Quarter 2016 Earnings and Conference Call Date

Montréal, Friday, April 22, 2016 – Gildan Activewear Inc. (GIL; TSX and NYSE) will report its 2016 first quarter results on Wednesday, May 4, 2016. A press release will be issued after markets close and a conference call is scheduled for that same day at 5:00 PM ET to discuss the Company’s results and business outlook. The Company also announced that it will hold its annual meeting of shareholders at Le Windsor, in Montréal, Québec the following morning, on Thursday, May 5, 2016, at 10:00 AM ET.

The conference call can be accessed by dialing (800) 708-4539 (Canada & U.S.) or (847) 619-6396 (international) and entering passcode 42388005#. A replay will be available for 30 days starting at 7:30 PM ET by dialing (888) 843-7419 (Canada & U.S.) or (630) 652-3042 (international) and entering the same passcode. A live audio webcast of the conference call will also be available on Gildan's website at: http://www1.gildan.com/corporate/IR/webcastPresentations.cfm. A live audio webcast of the annual meeting of shareholders will be available at the same address as above and a replay of the audio webcast will be available the next day on Gildan’s corporate website for 30 days.

About Gildan

Gildan is a leading supplier of quality branded basic family apparel, including T-shirts, fleece, sport shirts, underwear, socks, hosiery, and shapewear. The Company sells its products under a diversified portfolio of company-owned brands, including the Gildan®, Gold Toe®, Anvil® and Comfort Colors® brands and brand extensions, as well as the Secret®, Silks® and Therapy Plus™ brands. The Company also has the U.S. sock license for Under Armour®, and licenses for the Mossy Oak® and New Balance® brands. The Company distributes its products in printwear markets in the U.S. and Canada, as well as in Europe, Asia-Pacific and Latin America. The Company also markets its products to a broad spectrum of retailers primarily in the U.S. and Canada. The Company also manufactures for select leading global athletic and lifestyle consumer brands.

Gildan owns and operates vertically-integrated, large-scale manufacturing facilities which are primarily located in Central America, the Caribbean Basin and the United States, and are strategically positioned to efficiently service the quick replenishment needs of its customers in the printwear and retail markets. Gildan has over 42,000 employees worldwide and is committed to industry-leading labour and environmental practices at all of its facilities. More information about the Company and its corporate citizenship practices and initiatives can be found at its corporate websites www.gildan.com and www.genuinegildan.com, respectively.

Investor inquiries :

Jessy Hayem, CFA

Vice-President, Head of Investor Relations

(514) 744-8511

Media inquiries :

Geneviève Gosselin

Director, Global Communications and Corporate Marketing

(514) 343-8814