Mr. Glenn Chamandy reports

GILDAN COMPLETES SALE OF HANESBRANDS AUSTRALIA

Gildan Activewear Inc. has completed the previously announced sale of HanesBrands Australia (HAA) to BBFIT Investments Pte. Ltd., an associated entity of BB Retail Capital, a global private investment firm, for approximately $700-million (Australian) (approximately $490-million (U.S.)), paid in cash at closing. HAA has been classified as held for sale and reported as discontinued operations in Gildan's financial statements since the fourth quarter of 2025. Gildan intends to use the net proceeds from the transaction to repay outstanding debt.

"The completion of this transaction represents another important step in the execution of our ongoing integration plan," said Glenn J. Chamandy, Gildan's president and chief executive officer. "We remain focused on executing our integration priorities, capturing synergies and leveraging the strength of our brands. We thank the HAA team for its dedication and valuable contributions to the business and wish the entire team continued success under its new ownership."

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, 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, which 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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