January 13, 2006

Financial

Gildan Activewear Will Hold its 2006 First Quarter Results Conference Call at 5:00 PM EST on February 1, 2006

Montreal, January 13, 2006 - Gildan Activewear Inc. (NYSE: GIL; TSX: GIL) will report its fiscal 2006 first quarter results on Wednesday, February 1, 2006. A press release will be issued immediately after market close and a conference call is scheduled for that same day at 5:00 PM EST.

The conference call can be accessed by dialing 800-261-3417 (Canada & U.S.) or 617-614-3673 (international) and entering passcode 31092714, 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 7:00 PM EST by dialing 888-286-8010 (Canada & U.S.) or 617-801-6888 (international) and entering passcode 13886577, until February 8, 2006 at midnight, or by sound web cast on Gildan's Internet site for 30 days.

Profile

Gildan Activewear is a vertically-integrated marketer and manufacturer of premium quality branded basic apparel. The Company manufactures premium quality basic T-shirts, sport shirts and sweatshirts for sale in the wholesale imprinted sportswear market. The Company sells its products as blanks, which are ultimately decorated by screenprinters with designs and logos for sale to consumers. Gildan has announced plans to sell its products into the mass-market retail channel, in addition to the screenprint market. In conjunction with this strategy, Gildan is expanding its product-line to include underwear and athletic socks.

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Investor inquiries :

Sophie Argiriou

Vice president, Investor Communications

(514) 343-8815