Mr. Jessy Hayem reports

GILDAN ACTIVEWEAR ISSUES STATEMENT REGARDING RECENT SHORT SELLER REPORT

Gildan Activewear Inc. is aware of a report published by a short seller on June 16, 2026. The company is confident that its current disclosure provides its investors with accurate and comprehensive information regarding Gildan, including with respect to its financial information and governance practices.

The company reiterates its fiscal 2026 guidance as communicated in its April 30, 2026, press release.

Gildan does not intend to provide any further comment at this time.

About Gildan Activewear Inc.

Gildan is a leading manufacturer of everyday basic apparel. The company's product offering includes activewear, underwear, socks and intimates sold to a broad range of customers, including wholesale distributors, screenprinters, embellishers, retailers or e-commerce platforms, as well as global lifestyle brand companies and directly to consumers. Gildan markets its products in North America, Europe, Asia Pacific and Latin America under a diversified portfolio of company-owned brands, including Gildan, Hanes, Comfort Colors, American Apparel, Allpro, Goldtoe, Peds, Bali, Playtex, Maidenform, Bonds, as well as Champion, which is under an exclusive licensing agreement for the printwear channel in the United States and Canada, and Polo Ralph Lauren, also under a licensing agreement.

Gildan owns and operates vertically integrated, large-scale manufacturing facilities that are primarily located in Central America, the Caribbean, North America and Asia. Gildan integrates industry-leading labour, environmental and governance practices into its operations and supply chain under a sustainability program that is aligned with its long-term business strategy.

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