The Caisse de dépôt et placement du Québec acquires common shares of Gildan Activewear Inc

The Caisse de dépôt et placement du Québec (the “Caisse”) announced that it acquired on the Toronto Stock Exchange 500 000 common shares of Gildan Activewear Inc (“Gildan”) [TSX: GIL], at an average price of $41.00 per share.

Before this transaction, the Caisse held 12,033,502 common shares of Gildan.

Pursuant to this transaction, the Caisse now holds 12,533,502 common shares of Gildan, representing 10.30% of the outstanding common shares.

The Caisse may increase or decrease its interest in Gildan based on market conditions or other relevant factors.

This news release is issued in accordance with the early warning requirements stipulated by securities regulation, which require that investors, including the Caisse, issue and file a news release and a report, when they acquire beneficial ownership of securities with voting rights that would represent, with the securities they already hold, 10% or more of the outstanding shares.

In accordance with the Early Warning System, a copy of this news release and the report will be filed with the applicable Canadian Securities Administrators and will be available on SEDAR's website (www.sedar.com) and from the person referred to below.