Gildan Activewear Will Hold its 2008 Third Quarter Results Conference Call at 8:30 a.m. EDT on Wednesday, August 13, 2008

Market Wire, July, 2008

Gildan Activewear Inc. (TSX: GIL)(NYSE: GIL) will report its fiscal 2008 third quarter results on Wednesday, August 13, 2008. A press release will be issued before market open and a conference call is scheduled for that same day at 8:30 a.m. EDT 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 90911731, or by live sound web cast on Gildan's Internet site ("Investor Relations" section) at the following address: http://gildan.com/corporate/IR/webcastPresentations.cfm . If you are unable to participate in the conference call, a replay will be available starting that same day at 10:30 a.m. EDT by dialing 888-286-8010 (Canada & U.S.) or 617-801-6888 (international) and entering passcode 23643734, until Wednesday, August 20, 2008 at midnight, or by sound web cast on Gildan's Internet site for 30 days.

Profile

Gildan is a vertically-integrated marketer and manufacturer of quality branded basic apparel. The Company is the leading supplier of activewear for the wholesale imprinted sportswear market in the U.S. and Canada, and also a leading supplier to this market in Europe. The Company sells T-shirts, sport shirts and fleece in large quantities to wholesale distributors as undecorated "blanks", which are subsequently decorated by screenprinters with designs and logos. Consumers ultimately purchase the Company's products, with the Gildan label, in venues such as sports, entertainment and corporate events, and travel and tourism destinations. Other end-uses include work uniforms and similar applications to convey individual, group and team identity. In addition to continuing its growth within the wholesale channel, Gildan is implementing a major growth initiative to sell athletic socks, underwear and activewear to mass-market retailers in North America.

Contacts: Gildan Activewear Inc. Sophie Argiriou Director, Investor Communications 514-343-8815 sargiriou@gildan.com