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Gildan Activewear Reports on Shareholders' Voting Results

1. Eight nominated directors were elected by majority vote at Gildan's annual meeting. 2. Shareholders approved the advisory vote on executive compensation at 83%. 3. Appointment of auditors received 88.79% support from shareholders. 4. Gildan maintains a diversified product range and a strong ESG commitment. 5. Company operates large-scale manufacturing across multiple regions globally.

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FAQ

Why Neutral?

Despite solid shareholder approval, no significant strategic changes announced could affect GIL's stock.

How important is it?

Board elections and compensation votes are positive but don’t result in direct financial effects.

Why Short Term?

The immediate impact is limited as no drastic changes or new information unfold.

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APPGILD
MONTRÉAL, April 30, 2025 (GLOBE NEWSWIRE) -- Gildan Activewear Inc. (GIL: TSX and NYSE) (“Gildan” or the “Company”) today announced that the eight nominees proposed as directors in its management proxy circular dated March 18, 2025 were elected as directors of the Company by a majority of the votes cast by the shareholders or represented by proxy at its hybrid annual meeting of shareholders held on April 30, 2025 in Montréal. Gildan also notes that a majority of the votes cast by shareholders were in favour of the non-binding advisory vote on Executive Compensation (“Say on Pay”) and the reappointment of its auditors. The voting results are detailed below:  FORWITHHELD/AGAINSTNumber%Number%Resolution 1    Appointment of Auditors113,566,35488.79%14,344,31511.21%Resolution 2    Election of Directors    Michael Kneeland120,184,82395.84%5,217,3224.16%Glenn J. Chamandy125,321,40199.94%80,7410.06%Michener Chandlee124,844,15399.56%557,9900.44%Anne-Laure Descours125,313,54899.93%88,5950.07%Ghislain Houle122,884,18397.99%2,517,9582.01%Mélanie Kau123,769,18098.70%1,632,9621.30%Peter Lee111,142,44888.63%14,259,69611.37%Karen Stuckey124,962,64799.65%439,4950.35%Resolution 3    Advisory Vote on Executive Compensation104,083,92283.00%21,318,21717.00% About GildanGildan is a leading manufacturer of everyday basic apparel. The Company’s product offering includes activewear, underwear and socks, sold to a broad range of customers, including wholesale distributors, screenprinters or embellishers, as well as to retailers that sell to consumers through their physical stores and/or e-commerce platforms and to global lifestyle brand companies. The Company markets its products in North America, Europe, Asia Pacific, and Latin America, under a diversified portfolio of Company-owned brands including Gildan®, American Apparel®, Comfort Colors®, GOLDTOE® and Peds®, and under an exclusive licensing agreement for the printwear channel for Champion®. Gildan owns and operates vertically integrated, large-scale manufacturing facilities which are primarily located in Central America, the Caribbean, North America, and Bangladesh. Gildan operates with a strong commitment to industry-leading labour, environmental and governance practices throughout its supply chain in accordance with its comprehensive ESG program embedded in the Company's long-term business strategy. More information about the Company and its ESG practices and initiatives can be found at www.gildancorp.com. Investor inquiries:Jessy Hayem, CFA Senior Vice-President, Head of Investor Relations and Global Communications(514) 744-8511jhayem@gildan.comMedia inquiries:Genevieve Gosselin Director, Global Communications and Corporate Marketing (514) 343-8814 communications@gildan.com

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