April 16, 2004

Financial

Gildan Activewear will hold its 2004 Second Quarter Conference Call at 5:00 PM EDT on Tuesday, May 4, 2004

Montreal, April 16, 2004 - Gildan Activewear Inc. (NYSE: GIL; TSX: GIL.A) will report its fiscal 2004 second quarter results on Tuesday, May 4, 2004. A press release will be issued immediately after market close and a conference call is scheduled for that same day at 5:00 PM EDT.

The conference call can be accessed by dialing (800) 263-8506 (Canada & U.S.) or 719-457- 2681 (international) and entering passcode 255442, or by live sound web cast on Gildan's Internet site ("Investor Relations" section) at the following address: www.gildan.com. If you are unable to participate in the conference call, a replay will be available starting that same day at 8:00 PM EDT by dialing 888-203-1112 (Canada & U.S.) or 719-457-0820 (international) and entering passcode 255442, until May 11, 2004 at midnight, or by sound web cast on Gildan's Internet site for 30 days.

Gildan Activewear is a public, vertically-integrated manufacturer and marketer of premium quality branded basic activewear for sale principally in the wholesale imprinted activewear segment of the Canadian, U.S., European and other international apparel markets. The Corporation manufactures and sells premium quality 100% cotton and 50% cotton/50% polyester T-shirts, placket collar sport shirts and sweatshirts in a variety of weights, sizes, colours and styles. The Corporation sells its products as blanks, which are ultimately decorated with designs and logos for sale to consumers. Gildan employs more than 9,3

Investor inquiries :

Sophie Argiriou

Vice president, Investor Communications

(514) 343-8815

Media inquiries :

Geneviève Gosselin

Director, Global Communications and Corporate Marketing

(514) 343-8814