Gildan Activewear INC. Will Hold a Conference Call to Discuss its First Quarter

January 30, 2003

Please dial in fifteen minutes before the conference begins.

If you are unable to call in at this time, you may access a tape recording of the meeting by calling 1-877-289-8525 and entering the passcode 233611 on your phone. This tape recording will be available on Wednesday, February 5 as of 7 P.M. until 11:00 P.M. on Wednesday, February 12.

MEDIA WISHING TO QUOTE AN ANALYST SHOULD CONTACT THE ANALYST PERSONALLY FOR PERMISSION.

Interested parties may also listen live at www.newswire.ca or at www.q1234.com.

For further information contact Rick Leckner at Maison Brison at 514-731-0000.

Investor inquiries :

Jessy Hayem, CFA

Senior Vice-President, Head of Investor Relations and Global Communications

(514) 744-8511

[email protected]

Media inquiries :

Jonathan Binder

Director, Corporate Communications

(336) 519-6330