STATEMENT BY GLENN J. CHAMANDY

MONTREAL , Dec. 18, 2023 /CNW/ - Glenn J. Chamandy , former President and CEO and co-founder of Gildan Activewear Inc. (TSX: GIL) (NYSE: GIL) (" Gildan " or the " Company "), today issued the following statement:

Contrary to media reports, I gave no ultimatum to Gildan's board with respect to any strategy or potential acquisitions.

This is a sideshow to distract from the reaction the shareholders have had with respect to the board's handling of succession planning, in which I was not involved. I did not and could not orchestrate or control the events; the board conducted the process.

I do believe, it is essential that a leadership transition be conducted in a manner consistent with Gildan's successful track record. Preserving our talent, culture and expertise - the pillars of our success - is vital. Obviously considering shareholder engagement is integral to the decision-making process.

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SOURCE Glenn J. Chamandy

View original content: http://www.newswire.ca/en/releases/archive/December2023/18/c3051.html