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Proc-Type: 2001,MIC-CLEAR
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<SEC-DOCUMENT>0001061894-04-000011.txt : 20040302
<SEC-HEADER>0001061894-04-000011.hdr.sgml : 20040302
<ACCEPTANCE-DATETIME>20040302133629
ACCESSION NUMBER:		0001061894-04-000011
CONFORMED SUBMISSION TYPE:	6-K
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20040301
FILED AS OF DATE:		20040302

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			GILDAN ACTIVEWEAR INC
		CENTRAL INDEX KEY:			0001061894
		STANDARD INDUSTRIAL CLASSIFICATION:	APPAREL & OTHER FINISHED PRODS OF FABRICS & SIMILAR MATERIAL [2300]
		IRS NUMBER:				000000000
		FISCAL YEAR END:			1003

	FILING VALUES:
		FORM TYPE:		6-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-14830
		FILM NUMBER:		04641999

	BUSINESS ADDRESS:	
		STREET 1:		725 MONTEE DE LIESSE
		STREET 2:		VILLE SAINT LAURENT
		CITY:			QUEBEC CANADA
		STATE:			A8
		ZIP:			00000
		BUSINESS PHONE:		5147352023

	MAIL ADDRESS:	
		STREET 1:		725 MONTEE DE LIESSE
		STREET 2:		ST LAURENT QUE
		CITY:			CANADA
		STATE:			A8
		ZIP:			00000
</SEC-HEADER>
<DOCUMENT>
<TYPE>6-K
<SEQUENCE>1
<FILENAME>form6-k.htm
<DESCRIPTION>EARLY WARNING REPORT
<TEXT>
<p align="left">&nbsp;</p>
<p>&nbsp;</p>
<P ALIGN="CENTER"><FONT FACE="Times New Roman, Times, Serif"><FONT SIZE="2"><B><font size="4">SECURITIES AND EXCHANGE COMMISSION<br>
  WASHINGTON, DC 20549</font></B></FONT></FONT></P>
<p><font size="4">
  <!-- MARKER FORMAT-SHEET="Center Head Bold" -->
</font></p>
<p>&nbsp; </p>
<P ALIGN="CENTER"><FONT FACE="Times New Roman, Times, Serif"><FONT SIZE="2"><B><font size="4">FORM 6-K</font></B></FONT></FONT></P>
<p><font size="4">
  <!-- MARKER FORMAT-SHEET="Center Head Bold" -->
</font></p>
<p>&nbsp; </p>
<P ALIGN="CENTER"><FONT FACE="Times New Roman, Times, Serif"><FONT SIZE="4"><B>REPORT OF FOREIGN PRIVATE ISSUER<br>
  </B></FONT></FONT>Pursuant to Rule 13a-16 or 15d-16 under <br>
  the Securities Exchange Act of 1934</P>
<P ALIGN="CENTER"><br>
</P>
<DIV align=center>
  <TABLE cellSpacing=0 cellPadding=0 width="100%" border=0>
    <TR>
      <TD width="50%"><FONT face="Times New Roman, Times, serif" size=3>For the month of: <STRONG>March, 2004</STRONG></FONT></TD>
      <TD align=right width="50%"><FONT face="Times New Roman, Times, serif"
      size=3>Commission File Number:<STRONG> 1-14830</STRONG></FONT></TD>
    </TR>
    <TR>
      <TD width="50%"><FONT face="Times New Roman, Times, serif"
      size=3>&nbsp;</FONT></TD>
      <TD width="50%"><FONT face="Times New Roman, Times, serif"
      size=3>&nbsp;</FONT></TD>
    </TR>
    <TR vAlign=bottom align=middle>
      <TD colSpan=2><div align="center"><STRONG>GILDAN ACTIVEWEAR INC.</STRONG></div></TD>
    </TR>
    <TR vAlign=bottom align=middle>
      <TD colSpan=2><div align="center"><FONT face="Times New Roman, Times, serif"
      size=2><EM>(Translation of Registrant's name into English)</EM></FONT></div></TD>
    </TR>
    <TR vAlign=bottom align=middle>
      <TD width="50%"><FONT face="Times New Roman, Times, serif"
      size=3>&nbsp;</FONT></TD>
      <TD width="50%"><p>&nbsp;</p>
          <p>&nbsp;</p></TD>
    </TR>
    <TR vAlign=bottom align=middle>
      <TD colSpan=2><div align="center">
          <P ALIGN="CENTER"><strong><FONT FACE="Times New Roman, Times, Serif"><FONT SIZE="2">725 Mont&eacute;e de Liesse<br>
            Ville
            Saint-Laurent, Quebec <br>
          </FONT></FONT><font size="2">Canada H4T 1P5</font></strong></P>
      </div></TD>
    </TR>
    <TR vAlign=bottom align=middle>
      <TD colSpan=2><div align="center"><FONT face="Times New Roman, Times, serif"
      size=2><EM>(Address of principal executive offices)</EM></FONT></div></TD>
    </TR>
    <TR vAlign=bottom align=middle>
      <TD>&nbsp;</TD>
      <TD>&nbsp;</TD>
    </TR>
  </TABLE>
</DIV>
<p>&nbsp;</p>
<p><FONT face="Times New Roman, Times, serif" size=3>Indicate by check mark whether the Registrant files or will file annual reports under cover of Form 20-F or Form 40-F. </FONT></p>
<p>&nbsp; </p>
<DIV align=center>
  <TABLE cellSpacing=0 cellPadding=0 border=0>
    <TR align=middle>
      <TD vAlign=top width=200>Form 20-F <U>&nbsp;&nbsp; &nbsp;&nbsp;</U>
      <TD vAlign=top width=200>Form 40-F <U>&nbsp;&nbsp;&nbsp;<strong>X</strong>&nbsp;&nbsp;</U></TD>
    </TR>
  </TABLE>
  <p align="left">&nbsp;</p>
</DIV>
<P>
<P>
<P><FONT face="Times New Roman, Times, serif" size=3>Indicate by check mark whether the Registrant by furnishing the information contained in this Form is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934. </FONT>
<P>
<P>
<DIV align=center>
  <TABLE cellSpacing=0 cellPadding=0 border=0>
    <TR align=middle>
      <TD vAlign=top width=150>Yes <U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U>
      <TD vAlign=top width=150>No <U>&nbsp;&nbsp;<strong>X</strong>&nbsp;&nbsp;</U></TD>
    </TR>
  </TABLE>
</DIV>
<P>
<P>
<P><FONT face="Times New Roman, Times, serif" size=3>If</FONT><FONT color=#0000ff><FONT
color=#0000ff><FONT face=serif
size=2>&nbsp;</FONT></FONT></FONT><FONT face="Times New Roman, Times, serif" size=3> &#8220;Yes&#8221; is marked, indicate below the file number assigned to the Registrant in connection with Rule 12g3-2(b): 82-_<strong>N/A</strong>_.</FONT>
<P>
<P>
<HR color=gray noShade SIZE=3>
<p align="left"> <font size="2" face="Times New Roman, Times, serif">
<!-- MARKER FORMAT-SHEET="Center Head Bold" -->
</font> </p>
<P ALIGN="center"><FONT SIZE="2" face="Times New Roman, Times, serif"><B>Early Warning Report</B></FONT></P>
<p align="center"><font size="2" face="Times New Roman, Times, serif">This report is made pursuant to : <br>
  National Instrument 62-103 <br>
  Subsection 101(2) of the Securities Act (Ontario) <br>
  Subsection 111(2) of the Securities Act (British Columbia) <br>
  Subsection 110(2) of the Securities Act, 1988 (Saskatchewan) <br>
  Subsection 92(2) of the Securities Act (Manitoba) <br>
  Subsection 141(2) of the Securities Act (Alberta) <br>
  Subsection 107(2) of the Securities Act (Nova Scotia) <br>
  Subsection 102(2) of the Securities Act (Newfoundland) <br>
  Section 147.12 of the Securities Act (Quebec)</font></p>
<p> <font size="2" face="Times New Roman, Times, serif">
  <!-- MARKER FORMAT-SHEET="Para Hang Roman" -->
</font></p>
<TABLE WIDTH="100%" CELLPADDING="0" CELLSPACING="0">
  <TR VALIGN="TOP">
    <TD ALIGN="RIGHT" WIDTH="3%"><FONT size="2" FACE="Times New Roman, Times, serif"><I>(a)</I></FONT></TD>
    <TD ALIGN="LEFT" WIDTH="3%">&nbsp;</TD>
    <TD WIDTH="94%"><P ALIGN="LEFT"><FONT size="2" FACE="Times New Roman, Times, serif"> <I>The names and addresses of the offerors:</I></FONT> </P></TD>
  </TR>
  <TR VALIGN="TOP">
    <TD ALIGN="RIGHT">&nbsp;</TD>
    <TD ALIGN="LEFT">&nbsp;</TD>
    <TD>&nbsp;</TD>
  </TR>
  <TR VALIGN="TOP">
    <TD ALIGN="RIGHT">&nbsp;</TD>
    <TD ALIGN="LEFT">&nbsp;</TD>
    <TD><p><FONT SIZE="2" face="Times New Roman, Times, serif">H. Greg Chamandy</FONT></p>
        <p><FONT SIZE="2" face="Times New Roman, Times, serif">and</FONT></p>
        <p><FONT SIZE="2" face="Times New Roman, Times, serif">Glenn J. Chamandy</FONT></p>
        <p><FONT SIZE="2" face="Times New Roman, Times, serif">and</FONT></p>
        <p><FONT SIZE="2" face="Times New Roman, Times, serif">Edwin B. Tisch</FONT></p>
        <p><FONT SIZE="2" face="Times New Roman, Times, serif">725, Mont&eacute;e de Liesse<br>
          </FONT><font size="2" face="Times New Roman, Times, serif">Montr&eacute;al (Qu&eacute;bec)
          <!-- MARKER FORMAT-SHEET="Center Head Bold" -->
          <br>
        </font><FONT SIZE="2" face="Times New Roman, Times, serif">H4T 1P5</FONT></p>
        <font size="2" face="Times New Roman, Times, serif">(collectively, the "<strong>Offerors</strong>")
        <!-- MARKER FORMAT-SHEET="Para Hang Roman" -->
      </font></TD>
  </TR>
</TABLE>
<br>
<TABLE WIDTH="90%" CELLPADDING="0" CELLSPACING="0">
  <TR VALIGN="TOP">
    <TD ALIGN="RIGHT" WIDTH="3%"><FONT size="2" FACE="Times New Roman, Times, serif"><I>(b)</I></FONT></TD>
    <TD ALIGN="LEFT" WIDTH="3%">&nbsp;</TD>
    <TD WIDTH="94%"><P ALIGN="justify"><FONT size="2" FACE="Times New Roman, Times, serif"> <I>The designation and number or principal amount of securities and the offerors&#146; securityholding percentages </I> <I>in the class of securities of which the offerors acquired ownership or control in the transaction or </I> <I>occurrence giving rise to the obligation to file the news release, and whether it was ownership or control </I> <I>that was acquired in those circumstances:</I></FONT> </P></TD>
  </TR>
</TABLE>
<font size="2" face="Times New Roman, Times, serif"><BR>
<!-- MARKER FORMAT-SHEET="Para Flush In 1" -->
</font>
<TABLE WIDTH="90%" CELLPADDING="0" CELLSPACING="0">
  <TR VALIGN="TOP">
    <TD WIDTH="6%">&nbsp;</TD>
    <TD width="94%"><P ALIGN="justify"><FONT size="2" FACE="Times New Roman, Times, serif">On March&nbsp;1, 2004, H.&nbsp;Greg Chamandy, Glenn&nbsp;J. Chamandy and Edwin&nbsp;B. Tisch, through Greg Chamandy Holdings Corporation, Glenn Chamandy Holdings Corporation and Edwin Tisch Holdings Corporation, their respective holding corporations, converted 2,749,200, 2,749,200 and 595,600&nbsp;Class&nbsp;B Multiple Voting Shares (the <B>&#147;Class&nbsp;B Shares</B>&#148;) respectively held in the share capital of Gildan Activewear Inc. (the &#147;<B>Corporation</B>&#148;) into an aggregate of 6,094,000&nbsp;Class&nbsp;A Subordinate Voting Shares (the &#147;<B>Class&nbsp;A Shares</B>&#148;), on a one-for-one basis (the &#147;<B>Conversion</B>&#148;). As a result of the Conversion, H.&nbsp;Greg Chamandy, Glenn&nbsp;J. Chamandy and Edwin&nbsp;B. Tisch received, through their personal holding corporations, 2,749,200, 2,749,200 and 595,600&nbsp;Class&nbsp;A Shares representing 9.3%, 9.3% and 2.01%, respectively, of the
 outstanding Class&nbsp;A Shares of the Corporation. This conversion was carried out in accordance with the articles of the Corporation, with no additional consideration paid to the Offerors upon the Conversion.</FONT> </P></TD>
  </TR>
</TABLE>
<p>&nbsp;</p>
<HR color=gray noShade SIZE=3>
<p>&nbsp;</p>
<TABLE WIDTH="90%" CELLPADDING="0" CELLSPACING="0">
  <TR VALIGN="TOP">
    <TD ALIGN="RIGHT" WIDTH="3%"><FONT size="2" FACE="Times New Roman, Times, serif"><I>(c)</I></FONT></TD>
    <TD ALIGN="LEFT" WIDTH="3%">&nbsp;</TD>
    <TD WIDTH="94%"><P ALIGN="LEFT"><FONT size="2" FACE="Times New Roman, Times, serif"> <I>The designation and number or principal amount of securities and the offerors&#146; securityholding percentage </I> <I>in the class of securities immediately after the transaction or occurrence giving rise to the obligation </I> <I>to file the news release:</I></FONT> </P></TD>
  </TR>
</TABLE>
<font size="2" face="Times New Roman, Times, serif"><BR>
<!-- MARKER FORMAT-SHEET="Para Flush In 1" -->
</font>
<TABLE WIDTH="90%" CELLPADDING="0" CELLSPACING="0">
  <TR VALIGN="TOP">
    <TD WIDTH="6%">&nbsp;</TD>
    <TD width="94%"><P ALIGN="justify"><FONT size="2" FACE="Times New Roman, Times, serif">As a result of the above mentioned Conversion, H.&nbsp;Greg Chamandy, Glenn&nbsp;J. Chamandy and Edwin&nbsp;B. Tisch no longer hold, directly or indirectly, any Class&nbsp;B Shares. After the Conversion: (i)&nbsp;H.&nbsp;Greg Chamandy now holds, directly or indirectly, a total of 2,788,538 Class&nbsp;A Shares representing approximately 9.43% of the outstanding Class&nbsp;A Shares of the Corporation; (ii)&nbsp;Glenn&nbsp;J. Chamandy now holds, directly or indirectly, a total of 2,763,200 Class&nbsp;A Shares representing approximately 9.34% of the outstanding Class&nbsp;A Shares of the Corporation and (iii)&nbsp;Edwin&nbsp;B. Tisch now holds, directly or indirectly, a total of 605,800 Class&nbsp;A Shares representing approximately 2.05% of the outstanding Class&nbsp;A Shares of the Corporation.</FONT> </P></TD>
  </TR>
</TABLE>
<font size="2" face="Times New Roman, Times, serif"><BR>
<!-- MARKER FORMAT-SHEET="Para Hang Roman" -->
</font>
<TABLE WIDTH="90%" CELLPADDING="0" CELLSPACING="0">
  <TR VALIGN="TOP">
    <TD ALIGN="RIGHT" WIDTH="3%"><FONT size="2" FACE="Times New Roman, Times, serif"><I>(d)</I></FONT></TD>
    <TD ALIGN="LEFT" WIDTH="3%">&nbsp;</TD>
    <TD colspan="2"><P ALIGN="LEFT"><FONT size="2" FACE="Times New Roman, Times, serif"> <I>The designation and number or principal amount of securities and percentage of outstanding securities of </I> <I>the class of securities referred to in paragraph&nbsp;(c) over which: </I> </FONT></P></TD>
  </TR>
  <TR VALIGN="TOP">
    <TD ALIGN="RIGHT">&nbsp;</TD>
    <TD ALIGN="LEFT">&nbsp;</TD>
    <TD colspan="2">&nbsp;</TD>
  </TR>
  <TR VALIGN="TOP">
    <TD ALIGN="RIGHT">&nbsp;</TD>
    <TD ALIGN="LEFT">&nbsp;</TD>
    <TD WIDTH="3%"><FONT size="2" FACE="Times New Roman, Times, serif"><I>(i)</I></FONT></TD>
    <TD WIDTH="91%"><FONT size="2" FACE="Times New Roman, Times, serif"> <I>the offerors, either alone or together with any joint actors, have ownership and control:</I></FONT> </TD>
  </TR>
  <TR VALIGN="TOP">
    <TD ALIGN="RIGHT">&nbsp;</TD>
    <TD ALIGN="LEFT">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
  </TR>
  <TR VALIGN="TOP">
    <TD ALIGN="RIGHT">&nbsp;</TD>
    <TD ALIGN="LEFT">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD><FONT size="2" FACE="Times New Roman, Times, serif">H.&nbsp;Greg Chamandy holds directly 39,338 Class&nbsp;A Shares. After the Conversion, he now holds, directly and indirectly, a total of 2,788,538 Class&nbsp;A Shares representing approximately 9.43% of the outstanding Class&nbsp;A Shares.</FONT> </TD>
  </TR>
  <TR VALIGN="TOP">
    <TD ALIGN="RIGHT">&nbsp;</TD>
    <TD ALIGN="LEFT">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
  </TR>
  <TR VALIGN="TOP">
    <TD ALIGN="RIGHT">&nbsp;</TD>
    <TD ALIGN="LEFT">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD><FONT size="2" FACE="Times New Roman, Times, serif">Glenn&nbsp;J. Chamandy holds directly 14,000 Class&nbsp;A Shares. After the Conversion, he now holds, directly and indirectly, a total of 2,763,200 Class&nbsp;A Shares representing approximately 9.34% of the outstanding Class&nbsp;A Shares.</FONT> </TD>
  </TR>
  <TR VALIGN="TOP">
    <TD ALIGN="RIGHT">&nbsp;</TD>
    <TD ALIGN="LEFT">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
  </TR>
  <TR VALIGN="TOP">
    <TD ALIGN="RIGHT">&nbsp;</TD>
    <TD ALIGN="LEFT">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD><FONT size="2" FACE="Times New Roman, Times, serif">Edwin&nbsp;B. Tisch holds 10,200 Class&nbsp;A Shares (of which 5,200 are held by Mr. Tisch&#146;s wife). After the Conversion, Mr.&nbsp;Tisch now holds, directly and indirectly, a total of 605,800 Class&nbsp;A Shares representing approximately 2.05% of the outstanding Class&nbsp;A Shares. </FONT></TD>
  </TR>
  <TR VALIGN="TOP">
    <TD ALIGN="RIGHT">&nbsp;</TD>
    <TD ALIGN="LEFT">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
  </TR>
  <TR VALIGN="TOP">
    <TD ALIGN="RIGHT">&nbsp;</TD>
    <TD ALIGN="LEFT">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD><FONT size="2" FACE="Times New Roman, Times, serif">Concurrently with the Conversion, the Offerors terminated all of the outstanding voting and shareholders&#146; agreements pursuant to which they were acting together in the past.</FONT> </TD>
  </TR>
  <TR VALIGN="TOP">
    <TD ALIGN="RIGHT">&nbsp;</TD>
    <TD ALIGN="LEFT">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
  </TR>
  <TR VALIGN="TOP">
    <TD ALIGN="RIGHT">&nbsp;</TD>
    <TD ALIGN="LEFT">&nbsp;</TD>
    <TD ALIGN="LEFT"><em><font size="2" face="Times New Roman, Times, serif">(ii)</font></em></TD>
    <TD><em><font size="2" face="Times New Roman, Times, serif">the offerors, either alone or together with any joint actors, have ownership but control is held by other persons or companies other than the offerors or any joint actors:</font></em></TD>
  </TR>
  <TR VALIGN="TOP">
    <TD ALIGN="RIGHT">&nbsp;</TD>
    <TD ALIGN="LEFT">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
  </TR>
  <TR VALIGN="TOP">
    <TD ALIGN="RIGHT">&nbsp;</TD>
    <TD ALIGN="LEFT">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD><FONT SIZE="2" face="Times New Roman, Times, serif">N/A</FONT></TD>
  </TR>
  <TR VALIGN="TOP">
    <TD ALIGN="RIGHT">&nbsp;</TD>
    <TD ALIGN="LEFT">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
  </TR>
</TABLE>
<p>&nbsp;</p>
<HR color=gray noShade SIZE=3>
<p>&nbsp;</p>
<TABLE WIDTH="90%" CELLPADDING="0" CELLSPACING="0">
  <TR VALIGN="TOP">
    <TD width="1%" ALIGN="RIGHT">&nbsp;</TD>
    <TD width="5%" ALIGN="LEFT">&nbsp;</TD>
    <TD width="3%"><em><font size="2" face="Times New Roman, Times, serif">(iii)</font></em></TD>
    <TD width="91%"><P ALIGN="left"><em><font size="2" face="Times New Roman, Times, serif">the offerors, either alone or together with any joint actors, has exclusive or shared control but
                <!-- MARKER FORMAT-SHEET="Center Head Italic" -->
        does not have ownership:</font></em></P></TD>
  </TR>
  <TR VALIGN="TOP">
    <TD ALIGN="RIGHT">&nbsp;</TD>
    <TD ALIGN="LEFT">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
  </TR>
  <TR VALIGN="TOP">
    <TD ALIGN="RIGHT">&nbsp;</TD>
    <TD ALIGN="LEFT">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD> <FONT SIZE="2" face="Times New Roman, Times, serif">N/A</FONT><font size="2" face="Times New Roman, Times, serif">&nbsp; </font></TD>
  </TR>
</TABLE>
<br>
<TABLE WIDTH="90%" CELLPADDING="0" CELLSPACING="0">
  <TR VALIGN="TOP">
    <TD ALIGN="RIGHT" WIDTH="3%"><FONT size="2" FACE="Times New Roman, Times, serif"><I>(e)</I></FONT></TD>
    <TD ALIGN="LEFT" WIDTH="3%">&nbsp;</TD>
    <TD WIDTH="94%"><P ALIGN="LEFT"><FONT size="2" FACE="Times New Roman, Times, serif"> <I>The name of the market in which the transaction or occurrence that gave rise to the news release took </I> <I>place: </I> </FONT></P>
        <P ALIGN="LEFT"><FONT size="2" FACE="Times New Roman, Times, serif">The Class&nbsp;A Shares are listed on the Toronto Stock Exchange and the New&nbsp;York Stock Exchange.</FONT> </P></TD>
  </TR>
</TABLE>
<font size="2" face="Times New Roman, Times, serif"><BR>
<!-- MARKER FORMAT-SHEET="Para Hang Roman" -->
</font>
<TABLE WIDTH="90%" CELLPADDING="0" CELLSPACING="0">
  <TR VALIGN="TOP">
    <TD ALIGN="RIGHT" WIDTH="3%"><FONT size="2" FACE="Times New Roman, Times, serif"><I>(f)</I></FONT></TD>
    <TD ALIGN="LEFT" WIDTH="3%">&nbsp;</TD>
    <TD WIDTH="94%"><P ALIGN="LEFT"><FONT size="2" FACE="Times New Roman, Times, serif"> <I>The purpose of the offerors and any joint actors in effecting the transaction or occurrence that gave rise </I> <I>to the news release, including any future intention to acquire ownership of, or control over, additional </I> <I>securities of the reporting issuer:</I></FONT> </P></TD>
  </TR>
  <TR VALIGN="TOP">
    <TD ALIGN="RIGHT">&nbsp;</TD>
    <TD ALIGN="LEFT">&nbsp;</TD>
    <TD>&nbsp;</TD>
  </TR>
  <TR VALIGN="TOP">
    <TD ALIGN="RIGHT">&nbsp;</TD>
    <TD ALIGN="LEFT">&nbsp;</TD>
    <TD><FONT size="2" FACE="Times New Roman, Times, serif">H.&nbsp;Greg Chamandy, Glenn&nbsp;J. Chamandy and Edwin&nbsp;B. Tisch have decided to proceed to the Conversion in the best interest of the Corporation and all of its shareholders and in a desire to promote best practices in corporate governance.</FONT></TD>
  </TR>
  <TR VALIGN="TOP">
    <TD ALIGN="RIGHT">&nbsp;</TD>
    <TD ALIGN="LEFT">&nbsp;</TD>
    <TD>&nbsp;</TD>
  </TR>
  <TR VALIGN="TOP">
    <TD ALIGN="RIGHT"><FONT size="2" FACE="Times New Roman, Times, serif"><I>(g)</I></FONT></TD>
    <TD ALIGN="LEFT">&nbsp;</TD>
    <TD><div align="justify"><FONT size="2" FACE="Times New Roman, Times, serif"><I>The general nature and the material terms of any agreement, other than lending arrangements, with respect </I> <I>to securities of the reporting issuer entered into by the offerors, or any joint actors, and the issuer of </I> <I>the securities or any other entity in connection with the transaction or occurrence giving rise to the </I> <I>news release, including agreements with respect to the acquisition, holding, disposition or voting of any </I> <I>of the securities:</I></FONT> </div></TD>
  </TR>
  <TR VALIGN="TOP">
    <TD ALIGN="RIGHT">&nbsp;</TD>
    <TD ALIGN="LEFT">&nbsp;</TD>
    <TD>&nbsp;</TD>
  </TR>
  <TR VALIGN="TOP">
    <TD ALIGN="RIGHT">&nbsp;</TD>
    <TD ALIGN="LEFT">&nbsp;</TD>
    <TD><FONT SIZE="2" face="Times New Roman, Times, serif">N/A</FONT></TD>
  </TR>
  <TR VALIGN="TOP">
    <TD ALIGN="RIGHT">&nbsp;</TD>
    <TD ALIGN="LEFT">&nbsp;</TD>
    <TD>&nbsp;</TD>
  </TR>
  <TR VALIGN="TOP">
    <TD ALIGN="RIGHT"><FONT size="2" FACE="Times New Roman, Times, serif"><I>(h)</I></FONT></TD>
    <TD ALIGN="LEFT">&nbsp;</TD>
    <TD><FONT size="2" FACE="Times New Roman, Times, serif"><I>The names of any joint actors in connection with the disclosure required by this report:</I></FONT></TD>
  </TR>
  <TR VALIGN="TOP">
    <TD ALIGN="RIGHT">&nbsp;</TD>
    <TD ALIGN="LEFT">&nbsp;</TD>
    <TD>&nbsp;</TD>
  </TR>
  <TR VALIGN="TOP">
    <TD ALIGN="RIGHT">&nbsp;</TD>
    <TD ALIGN="LEFT">&nbsp;</TD>
    <TD><FONT size="2" FACE="Times New Roman, Times, serif">Refer to Item (d) above.</FONT> </TD>
  </TR>
  <TR VALIGN="TOP">
    <TD ALIGN="RIGHT">&nbsp;</TD>
    <TD ALIGN="LEFT">&nbsp;</TD>
    <TD>&nbsp;</TD>
  </TR>
  <TR VALIGN="TOP">
    <TD ALIGN="RIGHT"><FONT size="2" FACE="Times New Roman, Times, serif"><I>(i)</I></FONT></TD>
    <TD ALIGN="LEFT"><FONT size="2" FACE="Times New Roman, Times, serif">&nbsp;</FONT></TD>
    <TD><FONT size="2" FACE="Times New Roman, Times, serif"><I>In the case of a transaction or occurrence that did not take place on a stock exchange or other market </I> <I>that represents a published market for the securities, including an issuance from treasury, the nature and </I> <I>value of the consideration paid by the offerors:</I></FONT> </TD>
  </TR>
  <TR VALIGN="TOP">
    <TD ALIGN="RIGHT">&nbsp;</TD>
    <TD ALIGN="LEFT">&nbsp;</TD>
    <TD>&nbsp;</TD>
  </TR>
  <TR VALIGN="TOP">
    <TD ALIGN="RIGHT">&nbsp;</TD>
    <TD ALIGN="LEFT">&nbsp;</TD>
    <TD><FONT SIZE="2" face="Times New Roman, Times, serif">N/A</FONT></TD>
  </TR>
  <TR VALIGN="TOP">
    <TD ALIGN="RIGHT">&nbsp;</TD>
    <TD ALIGN="LEFT">&nbsp;</TD>
    <TD>&nbsp;</TD>
  </TR>
  <TR VALIGN="TOP">
    <TD ALIGN="RIGHT"><FONT size="2" FACE="Times New Roman, Times, serif"><I>(j)</I></FONT></TD>
    <TD ALIGN="LEFT"><FONT size="2" FACE="Times New Roman, Times, serif">&nbsp;</FONT></TD>
    <TD><FONT size="2" FACE="Times New Roman, Times, serif"><I>If applicable, a description of any change in any material fact set out in a previous report by the entity </I> <I>under the early warning requirements or Part&nbsp;4 in respect of the reporting issuer&#146;s securities:</I></FONT> </TD>
  </TR>
  <TR VALIGN="TOP">
    <TD ALIGN="RIGHT">&nbsp;</TD>
    <TD ALIGN="LEFT">&nbsp;</TD>
    <TD>&nbsp;</TD>
  </TR>
  <TR VALIGN="TOP">
    <TD ALIGN="RIGHT">&nbsp;</TD>
    <TD ALIGN="LEFT">&nbsp;</TD>
    <TD><font size="2" face="Times New Roman, Times, serif">N/A</font></TD>
  </TR>
</TABLE>
<p><font size="2" face="Times New Roman, Times, serif"><BR>
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  </font> </p>
<HR color=gray noShade SIZE=3>
<p><font size="2" face="Times New Roman, Times, serif"><BR>
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  </font> <font size="2" face="Times New Roman, Times, serif">
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  </font><font size="2" face="Times New Roman, Times, serif"><BR>
  Dated the 1<SUP>st</SUP> day of March, 2004 </font></p>
<p>&nbsp;</p>
<div align="left">
  <TABLE cellSpacing=0 cellPadding=0 width="92%" border=0>
    <TR>
      <TD width="45%"><STRONG><font size="2" face="Times New Roman, Times, serif">GREG CHAMANDY HOLDINGS CORPORATION</font></STRONG></TD>
      <TD width="10%">&nbsp;</TD>
      <TD width="45%"><strong><font size="2" face="Times New Roman, Times, serif">GLENN CHAMANDY HOLDINGS CORPORATION</font></strong></TD>
    </TR>
    <TR>
      <TD width="45%">&nbsp;</TD>
      <TD width="10%">&nbsp;</TD>
      <TD width="45%">&nbsp;</TD>
    </TR>
    <TR>
      <TD width="45%">&nbsp;</TD>
      <TD width="10%">&nbsp;</TD>
      <TD width="45%">&nbsp;</TD>
    </TR>
    <TR>
      <TD width="45%">&nbsp;</TD>
      <TD width="10%">&nbsp;</TD>
      <TD width="45%">&nbsp;</TD>
    </TR>
    <TR>
      <TD width="45%"><font size="2" face="Times New Roman, Times, serif">By: /s/ H. Greg Chamandy</font>
          <HR noShade SIZE=1>
      <TD width="10%">
      <TD width="45%"><font size="2" face="Times New Roman, Times, serif">By: /s/ Glenn J. Chamandy</font><br>
          <HR noShade SIZE=1>
    </TR>
    <TR>
      <TD width="45%"><font size="2" face="Times New Roman, Times, serif">H. Greg Chamandy</font> </TD>
      <TD width="10%">&nbsp;</TD>
      <TD width="45%"><font size="2" face="Times New Roman, Times, serif">Glenn J. Chamandy</font></TD>
    </TR>
  </TABLE>
</div>
<p>&nbsp;</p>
<P align="left">
<P align="left">
<div align="left">
  <TABLE cellSpacing=0 cellPadding=0 width="92%" border=0>
    <TR>
      <TD width="45%"><STRONG><FONT SIZE="2" face="Times New Roman, Times, serif"><B>EDWIN TISCH HOLDINGS CORPORATION</B></FONT></STRONG></TD>
      <TD width="10%">&nbsp;</TD>
      <TD width="45%"><strong></strong></TD>
    </TR>
    <TR>
      <TD width="45%">&nbsp;</TD>
      <TD width="10%">&nbsp;</TD>
      <TD width="45%">&nbsp;</TD>
    </TR>
    <TR>
      <TD width="45%">&nbsp;</TD>
      <TD width="10%">&nbsp;</TD>
      <TD width="45%">&nbsp;</TD>
    </TR>
    <TR>
      <TD width="45%">&nbsp;</TD>
      <TD width="10%">&nbsp;</TD>
      <TD width="45%">&nbsp;</TD>
    </TR>
    <TR>
      <TD width="45%"><FONT SIZE="2" face="Times New Roman, Times, serif">By: /s/ Edwin B. Tisch</FONT>
          <HR noShade SIZE=1>
      <TD width="10%">
      <TD width="45%"><font size="2" face="Times New Roman, Times, serif"> /s/ H. Greg Chamandy</font> <br>
          <HR noShade SIZE=1>
    </TR>
    <TR>
      <TD width="45%"><FONT SIZE="2" face="Times New Roman, Times, serif">Edwin B. Tisch</FONT></TD>
      <TD width="10%">&nbsp;</TD>
      <TD width="45%"><font size="2" face="Times New Roman, Times, serif">H. Greg Chamandy</font></TD>
    </TR>
  </TABLE>
</div>
<p>&nbsp;</p>
<div align="left">
  <TABLE cellSpacing=0 cellPadding=0 width="92%" border=0>
    <TR>
      <TD width="45%"><font size="2" face="Times New Roman, Times, serif"> /s/ Glenn J. Chamandy</font>
          <HR noShade SIZE=1>
      <TD width="10%">
      <TD width="45%"><font size="2" face="Times New Roman, Times, serif">/s/ Edwin B. Tisch</font><br>
          <HR noShade SIZE=1>
    </TR>
    <TR>
      <TD width="45%"><font size="2" face="Times New Roman, Times, serif">Glenn J. Chamandy</font></TD>
      <TD width="10%">&nbsp;</TD>
      <TD width="45%"><FONT SIZE="2" face="Times New Roman, Times, serif">Edwin B. Tisch</FONT></TD>
    </TR>
  </TABLE>
</div>
<p>&nbsp;</p>
<p align="left">&nbsp;</p>
<p align="left">&nbsp;</p>
<HR color=gray noShade SIZE=3>
<p align="left">&nbsp;</p>
<p>&nbsp;</p>
<P>
<P align=center><FONT face="Times New Roman, Times, serif"
size=3><STRONG>SIGNATURE</STRONG></FONT>
<P align=left>
<P align="left"><FONT face="Times New Roman, Times, serif"
size=3>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Pursuant to the requirements of the Securitiecs Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.</FONT>
<P>
<P>
<P>
<DIV align=right>
  <TABLE cellSpacing=0 cellPadding=0 width="50%" border=0>
    <TR>
      <TD><STRONG><FONT face="Times New Roman, Times, serif" size=3>GILDAN ACTIVEWEAR INC. </FONT></STRONG></TD>
    </TR>
    <TR>
      <TD>&nbsp;</TD>
    </TR>
    <TR>
      <TD>&nbsp;</TD>
    </TR>
    <TR>
      <TD>&nbsp;</TD>
    </TR>
    <TR>
      <TD>(Signed) St&eacute;phane Lemay
          <HR noShade SIZE=1>
    </TR>
    <TR>
      <TD><FONT face="Times New Roman, Times, serif" size=3>St&eacute;phane Lemay </FONT></TD>
    </TR>
    <TR>
      <TD><FONT face="Times New Roman, Times, serif" size=3>Vice-President, Public and Legal Affairs </FONT></TD>
    </TR>
    <TR>
      <TD>&nbsp;</TD>
    </TR>
  </TABLE>
</DIV>
<P align="left">
<div align="left">
  <TABLE width="50%" border=0 cellPadding=0 cellSpacing=0>
    <TR>
      <TD><strong>Date</strong> March 1, 2004</TD>
    </TR>
    <TR>
      <TD>&nbsp;</TD>
    </TR>
  </TABLE>
</div>
<P>
<p align="left">&nbsp;</p>
<p align="left"><FONT color=#0000ff></FONT></p>
<p></p>
<p>&nbsp;</p>

</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
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