July 19, 2005

Financial

Gildan Activewear announces 2005 Third Quarter Conference Call

Montreal, July 19, 2005 - Gildan Activewear Inc. (GIL; TSX and NYSE) will report its fiscal 2005 third quarter results on Wednesday, August 3, 2005. A press release will be issued before market open. A conference call is scheduled at 10:00 AM EDT the same day, to discuss the company’s results and business outlook.

The conference call can be accessed by dialing 800.261.3417 (Canada & U.S.) or 617.614.3673 (international) and entering passcode 73386768, 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 12:00 PM EDT by dialing 888-286- 8010 (Canada & U.S.) or 617-801-6888 (international) and entering passcode 41582395 until Wednesday, August 10, 2005 at midnight, or by sound web cast on Gildan's Internet site for 30 days.

Gildan Activewear is a 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 markets. The Company 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 Company sells its products as blanks, which are ultimately decorated with designs and logos for sale to consumers. Gildan employs more than 9,000 full-time employees.

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