November 1, 2005

Financial · Leadership

Gildan to Present at JP Morgan Institutional Investor Conference

Montréal, Tuesday, November 1st, 2005 – Gildan Activewear Inc. (GIL; TSX and NYSE) is scheduled to present at the JP Morgan Small Cap: Think Big, Buy Small conference being held in Boston on November 1-2, 2005.

Glenn J. Chamandy, President and CEO, and Laurence G. Sellyn, Executive Vice President, Finance and CFO, will review Gildan's business plans and financial objectives on Wednesday, November 2nd at 9:30 a.m. EST. Gildan's presentation will be simulcast online and will be available on the Company's Web site, http://ir.gildan.com/medialist.cfm, or at the following URL: http://www.mapdigital.com/jpmorgan/smallcapboston05/. A replay of the webcast will be available for the next 90 days, at both locations listed above.

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.

Certain statements included in this press release may constitute "forward-looking statements" within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. Such forwardlooking statements involve known and unknown risks, uncertainties and other factors which could cause actual results to differ materially from future results expressed or implied by such forwardlooking statements. We refer you to the Company's filings with the U.S. Securities and Exchange Commission and Canadian securities regulatory authorities for a discussion of the various factors that may affect the Company's future results.

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