<SEC-DOCUMENT>0000950142-22-001548.txt : 20220504
<SEC-HEADER>0000950142-22-001548.hdr.sgml : 20220504
<ACCEPTANCE-DATETIME>20220504164119
ACCESSION NUMBER:		0000950142-22-001548
CONFORMED SUBMISSION TYPE:	6-K
PUBLIC DOCUMENT COUNT:		3
CONFORMED PERIOD OF REPORT:	20220504
FILED AS OF DATE:		20220504
DATE AS OF CHANGE:		20220504

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
		STATE OF INCORPORATION:			Z4
		FISCAL YEAR END:			1230

	FILING VALUES:
		FORM TYPE:		6-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-14830
		FILM NUMBER:		22892176

	BUSINESS ADDRESS:	
		STREET 1:		600 BOULEVARD DE MAISONNEUVE OUEST
		STREET 2:		33RD FLOOR
		CITY:			MONTREAL
		STATE:			A8
		ZIP:			H3A 3J2
		BUSINESS PHONE:		5147352023

	MAIL ADDRESS:	
		STREET 1:		600 BOULEVARD DE MAISONNEUVE OUEST
		STREET 2:		33RD FLOOR
		CITY:			MONTREAL
		STATE:			A8
		ZIP:			H3A 3J2

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	GILDAN ACTIVEWEAR INC
		DATE OF NAME CHANGE:	19980515
</SEC-HEADER>
<DOCUMENT>
<TYPE>6-K
<SEQUENCE>1
<FILENAME>eh220249533_6k.htm
<DESCRIPTION>FORM 6-K
<TEXT>
<HTML>
<HEAD>
     <TITLE></TITLE>
</HEAD>
<BODY STYLE="font: 10pt Times New Roman, Times, Serif">

<P STYLE="margin: 0">&nbsp;</P>

<!-- Field: Rule-Page --><DIV STYLE="margin-top: 0pt; margin-bottom: 0pt; width: 100%"><DIV STYLE="margin-top: 0pt; border-top: Black 2pt solid; border-bottom: Black 1pt solid; font-size: 1pt; margin-bottom: 0pt">&nbsp;</DIV></DIV><!-- Field: /Rule-Page -->

<P STYLE="font: bold 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: bold 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-size: 10pt">UNITED STATES</FONT></P>

<P STYLE="font: bold 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-size: 10pt">SECURITIES
AND EXCHANGE COMMISSION<BR>
<FONT STYLE="font-family: Times New Roman, Times, Serif">WASHINGTON, D.C. 20549</FONT></FONT></P>

<P STYLE="font: bold 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></FONT></P>

<P STYLE="font: bold 18pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-size: 10pt">FORM 6-K</FONT></P>

<P STYLE="font: bold 18pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: bold 18pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Report of Foreign Private Issuer</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Pursuant to Rule&nbsp;13a-16 or 15d-16 of</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>the Securities Exchange Act of 1934</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>&nbsp;</B></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font-size: 10pt; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 50%"><FONT STYLE="font-size: 10pt"><B>For the month of: May 2022</B></FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 50%; text-align: right"><FONT STYLE="font-size: 10pt"><B>Commission File Number: 1-14830</B></FONT></TD></TR>
  </TABLE>
<P STYLE="text-align: center; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><B>GILDAN ACTIVEWEAR INC.</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><I>(Translation of Registrant&rsquo;s name into English)</I></P>

<P STYLE="text-align: center; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><B>600 de Maisonneuve Boulevard West</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><B>33rd Floor</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><B>Montr&eacute;al, Qu&eacute;bec</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><B>Canada H3A 3J2</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif"><I>(Address
of Principal Executive Offices)</I></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">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 STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="width: 50%; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Form&nbsp;20-F&nbsp;&nbsp;<FONT STYLE="font-family: Segoe UI Symbol,sans-serif; font-size: 10pt">&#9744;</FONT></FONT></TD>
    <TD STYLE="width: 50%; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Form&nbsp;40-F&nbsp;&nbsp;<FONT STYLE="font-family: Segoe UI Symbol,sans-serif; font-size: 10pt">&#9746;</FONT></FONT></TD></TR>
  </TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">Indicate
by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation&nbsp;S-T Rule&nbsp;101(b)(1):<FONT STYLE="font-family: Segoe UI Symbol,sans-serif; font-size: 10pt">
&#9744;</FONT></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">Indicate
by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7): </FONT><FONT STYLE="font-family: Segoe UI Symbol,sans-serif; font-size: 10pt">&#9744;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0; text-align: justify">&nbsp;</P>

<!-- Field: Rule-Page --><DIV STYLE="margin-top: 3pt; margin-bottom: 12pt; width: 100%"><DIV STYLE="font-size: 1pt; border-top: Black 1pt solid; border-bottom: Black 2pt solid">&nbsp;</DIV></DIV><!-- Field: /Rule-Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0; text-align: justify">&nbsp;</P>

<!-- Field: Page; Sequence: 1 -->
    <DIV STYLE="margin-top: 6pt; margin-bottom: 6pt; border-bottom: Black 2px solid"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0; text-align: justify">&nbsp;</P>

<P STYLE="margin: 0"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>SIGNATURES</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left"></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font-size: 8pt; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD COLSPAN="4">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font-size: 10pt"><B>GILDAN ACTIVEWEAR INC.</B></font></P></TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD COLSPAN="4">&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD COLSPAN="4">&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">Date: May 4, 2022</font></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">By:</TD>
    <TD COLSPAN="3" STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif">/s/ Michelle Taylor</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">Name:</TD>
    <TD COLSPAN="2" STYLE="font: 10pt Times New Roman, Times, Serif">Michelle Taylor</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">Title:</TD>
    <TD COLSPAN="2" STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">Vice-President, General Counsel and Corporate Secretary</font></TD>
    <TD>&nbsp;</TD></TR>
<TR>
    <TD STYLE="width: 50%">&nbsp;</TD>
    <TD STYLE="width: 5%">&nbsp;</TD>
    <TD STYLE="width: 5%">&nbsp;</TD>
    <TD STYLE="width: 5%">&nbsp;</TD>
    <TD STYLE="width: 30%">&nbsp;</TD>
    <TD STYLE="width: 5%">&nbsp;</TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0"><B>&nbsp;</B></P>


<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="margin-top: 0; margin-bottom: 0"></P>

<!-- Field: Page; Sequence: 2 -->
    <DIV STYLE="margin-top: 6pt; margin-bottom: 6pt; border-bottom: Black 2px solid"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="margin-top: 0; margin-bottom: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>EXHIBIT INDEX</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="width: 9%; border-bottom: black 1pt solid"><FONT STYLE="font-size: 10pt"><B>Exhibit</B></FONT></TD>
    <TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 90%; border-bottom: black 1pt solid"><FONT STYLE="font-size: 10pt"><B>Description of Exhibit</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR>
    <TD STYLE="vertical-align: top"><FONT STYLE="font-size: 10pt">99.1</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: top"><FONT STYLE="font-size: 10pt"><A HREF="eh220249533_ex9901.htm">News Release</A></FONT></TD></TR>
  </TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"></P>

<!-- Field: Page; Sequence: 3; Options: Last -->
    <DIV STYLE="margin-top: 6pt; margin-bottom: 6pt; border-bottom: Black 2px solid"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

</BODY>
</HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>2
<FILENAME>eh220249533_ex9901.htm
<DESCRIPTION>EXHIBIT 99.1
<TEXT>
<HTML>
<HEAD>
     <TITLE></TITLE>
</HEAD>
<BODY STYLE="font: 10pt Arial, Helvetica, Sans-Serif;">

<P STYLE="text-align: right; margin: 0"><B>EXHIBIT 99.1</B></P>

<P STYLE="margin: 0">&nbsp;</P>

<P STYLE="text-align: center; margin-top: 0; margin-bottom: 0"><IMG SRC="image_001.jpg" ALT="" STYLE="height: 93px; width: 644px">&nbsp;</P>

<P STYLE="text-align: right; margin: 0"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt"><I>(all amounts are in
U.S. dollars except where otherwise indicated)</I></FONT></P>

<P STYLE="margin: 0; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt"><I>&nbsp;</I></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right; margin-top: 0pt; margin-bottom: 0pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt"><I>(1)
Please refer to &quot;Definition and reconciliation of non-GAAP financial measures&quot; in this press release</I></FONT></P>


<P STYLE="font: 10pt Calibri, Helvetica, Sans-Serif; margin: 0; color: #BF2115"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><I>&nbsp;</I></FONT></P>

<P STYLE="font: 10pt Calibri, Helvetica, Sans-Serif; margin: 0; color: #BF2115"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 10pt Calibri, Helvetica, Sans-Serif; margin: 0"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>Gildan Activewear
Reports Record Results for the First Quarter of 2022</B></FONT></P>

<P STYLE="font: 10pt Calibri, Helvetica, Sans-Serif; margin: 0"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B></B></FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&#183;</FONT></TD><TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Record
                                            first quarter sales of $775 million, up 31% over prior year driven by strong demand</FONT>
                                            <FONT STYLE="font-family: Calibri, Helvetica, Sans-Serif"></FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&#183;</FONT></TD><TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Operating
                                            margin of 20.9%, adjusted operating margin<SUP>1</SUP> of 20.4% up from 18.7% last year</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&#183;</FONT></TD><TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Record
                                            GAAP diluted EPS of $0.77, adjusted diluted EPS<SUP>1</SUP> of $0.76 up 58% over Q1 2021
                                            </FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&#183;</FONT></TD><TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Continued
                                            execution on capital allocation priorities, including more than 5 million shares repurchased
                                            in the quarter</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&#183;</FONT></TD><TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Sustainability-Linked
                                            Loan launched during the first quarter reinforcing strong commitment to ESG targets</FONT></TD></TR></TABLE>
<P STYLE="font: 10pt Calibri, Helvetica, Sans-Serif; margin: 0 0 0pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 10pt Calibri, Helvetica, Sans-Serif; margin: 0 0 0pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><B>Montreal,
Wednesday, May 4, 2022</B> &ndash; Gildan Activewear Inc. (GIL: TSX and NYSE) today announced results for the first quarter ended
April 3, 2022.</FONT></P>

<P STYLE="font: 10pt Calibri, Helvetica, Sans-Serif; margin: 0 0 0pt; color: #BF2115"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Calibri, Helvetica, Sans-Serif; margin: 0 0 0pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">&ldquo;Record
results in the first quarter and a strong start to 2022 reflect the impact of Gildan's Sustainable Growth (GSG) strategy,&rdquo; said
Glenn J. Chamandy, Gildan president and CEO. &ldquo;Our team&rsquo;s clear focus on capacity driven growth, innovation and ESG, leveraging
our world class, vertically-integrated manufacturing platform, is putting us in a strong position to service customer demand while effectively
managing inflationary cost pressures.&quot;</FONT></P>

<P STYLE="font: 10pt Calibri, Helvetica, Sans-Serif; margin: 0 0 0pt; color: #BF2115"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Calibri, Helvetica, Sans-Serif; margin: 0 0 0pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">During
the first quarter, we generated sales of $775 million, up 31% over the prior year. We maintained strong gross margins and combined with
strong SG&amp;A performance delivered operating margin of 20.9%, and adjusted operating margin of 20.4% which was up 170 basis points
versus last year. This was achieved despite the non-recurrence of a one-time COVID-related cotton subsidy which benefited gross margin
in the first quarter last year by 300 basis points. Record sales, together with strong operating margin expansion, translated to GAAP
diluted EPS of $0.77, and adjusted diluted EPS of $0.76, up 54% and 58%, respectively, compared to last year. During the first quarter,
we consumed $86 million of free cash flow<SUP>1</SUP>, reflecting higher working capital investments, including seasonal increases. Consistent
with our capital allocation priorities, we continued to be active on our share buyback program, repurchasing approximately 5.1 million
shares in the quarter or 3% of float. Our net debt<SUP>1</SUP> position at the end of the quarter increased to $829 million and our net
debt leverage ratio<SUP>1</SUP> of 1.0 was at the low end of the Company's target range.</FONT></P>

<P STYLE="font: 10pt Calibri, Helvetica, Sans-Serif; margin: 0 0 0pt; color: #BF2115"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Calibri, Helvetica, Sans-Serif; margin: 0 0 0pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><B>Q1
2022 Operating Results </B></FONT></P>

<P STYLE="font: 10pt Calibri, Helvetica, Sans-Serif; margin: 0 0 0pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">Sales
for the first quarter ending April&nbsp;3, 2022, totaled $775 million, up 31% over the prior year, consisting of activewear sales of
$667 million, up 38% over the prior year, and sales in the hosiery and underwear category of $108 million, up 3% over last year. The
activewear sales increase was largely driven by volume growth and net selling price increases, as well as favorable product-mix. Activewear
volume growth reflected strong demand in North American markets, particularly in the distributor channel, partly offset by lower international
shipments due to ongoing demand weakness in Europe and Asia. The overall increase in North American distributor activewear shipments
in the quarter was due to higher sell-through driven by continued recovery of large events, travel and other end use markets. Volume
growth with distributors also reflected our improved production levels compared to last year which allowed us to better service seasonal
inventory requirements and support growth. In the hosiery and underwear category, higher sales were primarily driven by higher selling
prices.</FONT></P>

<P STYLE="font: 10pt Calibri, Helvetica, Sans-Serif; margin: 0 0 0pt; color: #BF2115"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Calibri, Helvetica, Sans-Serif; margin: 0 0 0pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">We
generated gross profit of $240 million in the quarter and adjusted gross profit<SUP>1</SUP> of $239 million, up 28% and 30%, respectively,
over the prior year, driven by the strong growth in sales. Gross margin of 31.0% and adjusted gross margin<SUP>1 </SUP>of 30.9% were
down year-over year by 100 and 20 basis points, respectively. Excluding the 300 basis point</FONT></P>

<P STYLE="font: 10pt Calibri, Helvetica, Sans-Serif; margin: 0"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">&nbsp;</FONT></P>


<!-- Field: Page; Sequence: 1 -->
    <DIV STYLE="margin-top: 6pt; margin-bottom: 6pt; border-bottom: Black 2px solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 33%">&nbsp;</TD><TD STYLE="font: 9pt Arial, Helvetica, Sans-Serif; width: 34%; text-align: center">Page <!-- Field: Sequence; Type: Arabic; Name: PageNo -->1<!-- Field: /Sequence --></TD><TD STYLE="width: 33%; text-align: right">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Calibri, Helvetica, Sans-Serif; margin: 0"><FONT STYLE="color: Black">&nbsp;</FONT></P>

<P STYLE="font: 10pt Calibri, Helvetica, Sans-Serif; margin: 0 0 0pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black">impact
related to the non-recurrence of the one-time cotton subsidy benefit in the prior year, adjusted gross margin improved by 280 basis points
due to higher net selling prices and favourable product mix which more than offset the impact of higher fiber costs, as well as inflationary
pressures on other manufacturing costs.</FONT></P>

<P STYLE="font: 10pt Calibri, Helvetica, Sans-Serif; margin: 0 0 0pt; color: #BF2115"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black">&nbsp;</FONT></P>

<P STYLE="font: 10pt Calibri, Helvetica, Sans-Serif; margin: 0 0 0pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black">SG&amp;A
expenses for the first quarter of $81 million were up approximately $8 million compared to $73 million last year primarily due to higher
volume-driven distribution expenses and the impact of inflation on overall costs. SG&amp;A expenses as a percentage of net sales improved
200 basis points to 10.4% compared to 12.4% last year, as the benefit of volume leverage and our continued focus on cost management more
than offset inflationary cost pressures.</FONT></P>

<P STYLE="font: 10pt Calibri, Helvetica, Sans-Serif; margin: 0 0 0pt; color: #BF2115"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black">&nbsp;</FONT></P>

<P STYLE="font: 10pt Calibri, Helvetica, Sans-Serif; margin: 0 0 0pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black">We
generated operating income of $162 million, or 20.9% of sales and adjusted operating income<SUP>1</SUP> of $158 million, or 20.4% of
sales, in the first quarter of 2022 compared to operating income of $114 million, or 19.3% of sales, and $110 million, or 18.7% of sales,
on an adjusted basis last year. The increase in operating and adjusted operating income was due to higher sales, and improved operating
margins driven by SG&amp;A leverage. Net financial expenses were down $4&nbsp;million over the prior year, largely offsetting higher
income taxes. Consequently, we reported net earnings of $146 million, or $0.77&nbsp;per share on a diluted basis, for the three months
ended April&nbsp;3, 2022 and adjusted net earnings<SUP>1</SUP> of $144 million, or $0.76 per share on a diluted basis, compared to net
earnings of $99 million, or $0.50 per diluted share and adjusted net earnings of $95 million, or $0.48 per diluted share in the first
quarter last year.</FONT></P>

<P STYLE="font: 10pt Calibri, Helvetica, Sans-Serif; margin: 0 0 0pt; color: #BF2115"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black">&nbsp;</FONT></P>

<P STYLE="font: 10pt Calibri, Helvetica, Sans-Serif; margin: 0 0 0pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black">During
the first quarter, we consumed $86 million of free cash flow compared to $38 million of free cash flow generated in the first quarter
of 2021. The decrease reflected higher working capital investments to support growth and seasonal increases, as well as increased capital
expenditures primarily for capacity expansions which more than offset the benefit of higher earnings. With respect to our capacity expansions,
we are continuing to make good progress with our projects in Central America, the Caribbean and Bangladesh. The Company ended the first
quarter of 2022 with net debt of $829 million and a leverage ratio of 1.0 times net debt to trailing twelve months adjusted EBITDA<SUP>1</SUP>.</FONT></P>

<P STYLE="font: 10pt Calibri, Helvetica, Sans-Serif; margin: 0 0 0pt; color: #BF2115"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black">&nbsp;</FONT></P>

<P STYLE="font: 10pt Calibri, Helvetica, Sans-Serif; margin: 0 0 0pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black"><B>Current
Market Environment </B></FONT></P>

<P STYLE="font: 10pt Calibri, Helvetica, Sans-Serif; margin: 0 0 0pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black">Throughout
the first quarter we saw strong demand for our activewear products in North America. More recently, while we have seen some deceleration
in sell-through over the last few weeks tied to broader economic considerations, overall demand for activewear remains healthy. Similarly,
we have also started to see some sell-through slowing for certain products in the hosiery and underwear category that could be related
to broader economic factors, including the impact of the non-recurrence of stimulus and other support payments which consumers received
last year. Nevertheless, we are pleased with the start to the year and the progress we can make in 2022 as we move forward with the GSG
strategy and our previously communicated outlook for sales and margin performance over the 2022 to 2024 three-year period. For further
details, we refer you to the section &quot;Gildan Sustainable Growth Strategy&quot; in the Company's press release of February 23, 2022
which is available on the Company's website.</FONT></P>

<P STYLE="font: 10pt Calibri, Helvetica, Sans-Serif; margin: 0 0 0pt; color: #BF2115"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black">&nbsp;</FONT></P>

<P STYLE="font: 10pt Calibri, Helvetica, Sans-Serif; margin: 0 0 0pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black"><B>Environmental,
Social and Governance (ESG)</B></FONT></P>

<P STYLE="font: 10pt Calibri, Helvetica, Sans-Serif; margin: 0 0 0pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black">During
the first quarter of 2022, the Company amended the terms of its existing $1 billion revolving credit facility to incorporate sustainability-linked
terms that reduce or increase the related borrowing costs based on the Company's annual performance against three of its recently announced
ESG targets in the areas of climate change, circularity, and diversity, equity, and inclusion. Gildan is the first Canadian apparel manufacturing
company to tie financing costs to the achievement of important ESG targets. With sustainability as one of the key pillars of the Company&rsquo;s
GSG strategy, this sustainability linked loan underscores the Company&rsquo;s commitment towards its ESG targets and its pledge to make
meaningful advancements by 2030 in this regard. For further details, we refer you to the Company&rsquo;s press release of March 28, 2022
which is available on the Company's website.</FONT></P>

<P STYLE="font: 10pt Calibri, Helvetica, Sans-Serif; margin: 0; color: #BF2115">&nbsp;</P>


<!-- Field: Page; Sequence: 2 -->
    <DIV STYLE="margin-top: 6pt; margin-bottom: 6pt; border-bottom: Black 2px solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 33%">&nbsp;</TD><TD STYLE="font: 9pt Arial, Helvetica, Sans-Serif; width: 34%; text-align: center">Page <!-- Field: Sequence; Type: Arabic; Name: PageNo -->2<!-- Field: /Sequence --></TD><TD STYLE="width: 33%; text-align: right">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; color: #BF2115"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Calibri, Helvetica, Sans-Serif; margin: 0 0 0pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><B>Declaration
of Quarterly Dividend</B></FONT></P>

<P STYLE="font: 10pt Calibri, Helvetica, Sans-Serif; margin: 0 0 0pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">The
Board of Directors has declared a cash dividend of $0.169 per share, payable on June 20, 2022 to shareholders of record as of May 26,
2022. This dividend is an &ldquo;eligible dividend&rdquo; for the purposes of the Income Tax Act (Canada) and any other applicable provincial
legislation pertaining to eligible dividends.</FONT></P>

<P STYLE="font: 10pt Calibri, Helvetica, Sans-Serif; margin: 0 0 0pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Calibri, Helvetica, Sans-Serif; margin: 0 0 0pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><B>Normal
Course Issuer Bid</B></FONT></P>

<P STYLE="font: 10pt Calibri, Helvetica, Sans-Serif; margin: 0 0 0pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">During
the first quarter of 2022, the Company repurchased for cancellation a total of 5,134,613 common shares under its NCIB program for a total
cost of approximately $201&nbsp;million.</FONT></P>

<P STYLE="font: 10pt Calibri, Helvetica, Sans-Serif; margin: 0 0 0pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 10pt Calibri, Helvetica, Sans-Serif; margin: 0 0 0pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><B>Disclosure
of Outstanding Share Data</B></FONT></P>

<P STYLE="font: 10pt Calibri, Helvetica, Sans-Serif; margin: 0 0 0pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">As
at April 30, 2022, there were 186,771,703 common shares issued and outstanding along with 3,181,527 stock options and 49,398 dilutive
restricted share units (Treasury RSUs) outstanding. Each stock option entitles the holder to purchase one common share at the end of
the vesting period at a predetermined exercise price. Each Treasury RSU entitles the holder to receive one common share from treasury
at the end of the vesting period, without any monetary consideration being paid to the Company.</FONT></P>

<P STYLE="font: 10pt Calibri, Helvetica, Sans-Serif; margin: 0 0 0pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Calibri, Helvetica, Sans-Serif; margin: 0 0 0pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><B>Conference
Call Information</B></FONT>&nbsp;</P>

<P STYLE="font: 10pt Calibri, Helvetica, Sans-Serif; margin: 0 0 0pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">Gildan
Activewear Inc. will hold a conference call to discuss the Company's first quarter 2022 results today at 5:00&nbsp;PM&nbsp;ET. A live
audio webcast of the conference call, as well as a replay, will be available on its corporate site or on the following link: https://gildancorp.com/en/investors/events-and-presentations/.
The conference call can be accessed by dialing (877) 282-2924 (Canada &amp; U.S.) or (470) 495-9480 (international) and entering passcode
6590665#. A replay will be available for 7 days starting at 8:00 PM ET by dialing (855) 859-2056 (Canada &amp; U.S.) or (404)&nbsp;537-3406
(international) and entering the same passcode.</FONT></P>

<P STYLE="font: 10pt Calibri, Helvetica, Sans-Serif; margin: 0 0 0pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Calibri, Helvetica, Sans-Serif; margin: 0 0 0pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">This
release should be read in conjunction with Gildan&rsquo;s Management&rsquo;s Discussion and Analysis and its unaudited condensed interim
consolidated financial statements as at and for the three months ended April 3, 2022, which will be filed by Gildan with the Canadian
securities regulatory authorities and with the U.S. Securities and Exchange Commission and which will be available on Gildan&rsquo;s
corporate website.</FONT></P>

<P STYLE="font: 10pt Calibri, Helvetica, Sans-Serif; margin: 0"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">&nbsp;</FONT></P>


<!-- Field: Page; Sequence: 3 -->
    <DIV STYLE="margin-top: 6pt; margin-bottom: 6pt; border-bottom: Black 2px solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 33%">&nbsp;</TD><TD STYLE="font: 9pt Arial, Helvetica, Sans-Serif; width: 34%; text-align: center">Page <!-- Field: Sequence; Type: Arabic; Name: PageNo -->3<!-- Field: /Sequence --></TD><TD STYLE="width: 33%; text-align: right">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Calibri, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Calibri, Helvetica, Sans-Serif; margin: 0"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">Certain
minor rounding variances may exist between the condensed consolidated financial statements and the table summaries contained in this
press release.</FONT></P>

<P STYLE="font: 10pt Calibri, Helvetica, Sans-Serif; margin: 0"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 10pt Calibri, Helvetica, Sans-Serif; margin: 0"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><B>Supplemental
Financial Data</B></FONT></P>

<P STYLE="font: 10pt Calibri, Helvetica, Sans-Serif; margin: 0"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 10pt Calibri, Helvetica, Sans-Serif; margin: 0"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><B>CONSOLIDATED
FINANCIAL DATA (UNAUDITED) </B></FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font: 10pt Arial, Helvetica, Sans-Serif">
  <TR STYLE="border-top: Black 1pt solid; vertical-align: bottom">
    <TD STYLE="font-style: italic; border-bottom: Black 1pt solid">(in $ millions, except per share amounts or otherwise indicated)</TD><TD STYLE="font-weight: bold; border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right; border-bottom: Black 1pt solid">Q1 2022</TD><TD STYLE="border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="text-align: right; border-bottom: Black 1pt solid">Q1 2021</TD><TD STYLE="border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="text-align: right; border-bottom: Black 1pt solid">Variation (%)</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(198,244,249)">
    <TD STYLE="width: 64%; text-align: left">Net sales</TD><TD STYLE="width: 2%; font-weight: bold">&nbsp;</TD>
    <TD STYLE="width: 10%; font-weight: bold; text-align: right">774.9</TD><TD STYLE="width: 2%">&nbsp;</TD>
    <TD STYLE="width: 10%; text-align: right">589.6</TD><TD STYLE="width: 2%">&nbsp;</TD>
    <TD STYLE="width: 10%; text-align: right">31.4%</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left">Gross profit</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">240.4</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">188.5</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">27.5%</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(198,244,249)">
    <TD STYLE="text-align: left"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">Adjusted gross profit<SUP>(1)</SUP></FONT></TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">239.1</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">183.5</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">30.3%</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left">SG&amp;A expenses</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">80.5</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">73.4</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">9.7%</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(198,244,249)">
    <TD STYLE="text-align: left; text-indent: -9pt; padding-left: 9pt">Impairment (Reversal of impairment) of trade accounts receivable</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">0.5</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">(0.2)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">n.m.</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left">Restructuring and acquisition-related (recovery) costs</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">(2.8)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">1.5</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">n.m.</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(198,244,249)">
    <TD STYLE="text-align: left">Operating income</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">162.2</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">113.8</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">42.5%</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">Adjusted operating income<SUP>(1)</SUP></FONT></TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">158.1</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">110.3</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">43.3%</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(198,244,249)">
    <TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">Adjusted EBITDA<SUP>(1)</SUP></FONT></TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">191.6</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">145.8</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">31.4%</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left">Financial expenses</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">7.0</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">10.8</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">(35.2)%</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(198,244,249)">
    <TD STYLE="text-align: left">Income tax expense</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">8.8</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">4.4</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">100.0%</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left">Net earnings</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">146.4</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">98.5</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">48.6%</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(198,244,249)">
    <TD STYLE="text-align: left; border-bottom: Black 1pt solid"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">Adjusted net earnings <SUP>(1)</SUP></FONT></TD><TD STYLE="font-weight: bold; border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">144.3</TD><TD STYLE="border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right">95.0</TD><TD STYLE="border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right">51.9%</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left">Basic EPS</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">0.77</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">0.50</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">54.0%</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(198,244,249)">
    <TD STYLE="text-align: left">Diluted EPS</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">0.77</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">0.50</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">54.0%</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; border-bottom: Black 1pt solid"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">Adjusted diluted EPS<SUP>(1)</SUP></FONT></TD><TD STYLE="font-weight: bold; border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">0.76</TD><TD STYLE="border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right">0.48</TD><TD STYLE="border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right">58.3%</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(198,244,249)">
    <TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">Gross margin<SUP>(2)</SUP></FONT></TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">31.0%</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">32.0%</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">(1.0) pp</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">Adjusted gross margin<SUP>(1)</SUP></FONT></TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">30.9%</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">31.1%</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">(0.2) pp</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(198,244,249)">
    <TD STYLE="text-align: left; text-indent: -9pt; padding-left: 9pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">SG&amp;A expenses as a percentage of sales<SUP>(3)</SUP></FONT></TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">10.4%</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">12.4%</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">(2.0) pp</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">Operating margin<SUP>(4)</SUP></FONT></TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">20.9%</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">19.3%</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">1.6 pp</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(198,244,249)">
    <TD STYLE="text-align: left; border-bottom: Black 1pt solid"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">Adjusted operating margin<SUP>(1)</SUP></FONT></TD><TD STYLE="font-weight: bold; border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">20.4%</TD><TD STYLE="border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right">18.7%</TD><TD STYLE="border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right">1.7 pp</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; text-indent: -9pt; padding-left: 9pt">Cash flows (used in) from operating activities</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">(51.5)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">20.6</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">n.m.</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(198,244,249)">
    <TD STYLE="text-align: left">Capital expenditures</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">(34.0)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">(13.1)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">n.m.</TD></TR>
  <TR STYLE="border-bottom: Black 2pt solid; vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; border-bottom: Black 1pt solid"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">Free cash flow<SUP>(1)</SUP></FONT></TD><TD STYLE="font-weight: bold; border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">(85.5)</TD><TD STYLE="border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right">37.6</TD><TD STYLE="border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right">n.m.</TD></TR>
  </TABLE>


<P STYLE="font: 10pt Calibri, Helvetica, Sans-Serif; margin: 6pt 0 0"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font: 10pt Arial, Helvetica, Sans-Serif">
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-top: Black 1pt solid; font-style: italic; border-bottom: Black 1pt solid">As at (in $ millions, or otherwise indicated)</TD><TD STYLE="border-top: Black 1pt solid; font-weight: bold; border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-top: Black 1pt solid; font-weight: bold; text-align: right; border-bottom: Black 1pt solid">Apr 3,<BR> 2022</TD><TD STYLE="border-top: Black 1pt solid; border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-top: Black 1pt solid; text-align: right; border-bottom: Black 1pt solid">Jan 2,<BR> 2022</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(198,244,249)">
    <TD STYLE="width: 76%">Inventories</TD><TD STYLE="width: 2%; font-weight: bold">&nbsp;</TD>
    <TD STYLE="width: 10%; font-weight: bold; text-align: right">889.5</TD><TD STYLE="width: 2%">&nbsp;</TD>
    <TD STYLE="width: 10%; text-align: right">774.4</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left">Trade accounts receivable</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">460.7</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">330.0</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(198,244,249)">
    <TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">Net debt<SUP>(1)</SUP></FONT></TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">829.3</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">529.9</TD></TR>
  <TR STYLE="border-bottom: Black 2pt solid; vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; border-bottom: Black 1pt solid"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">Net debt leverage ratio<SUP>(1)</SUP></FONT></TD><TD STYLE="font-weight: bold; border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">1.0</TD><TD STYLE="border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right">0.7</TD></TR>
  </TABLE>

<P STYLE="font: 10pt Calibri, Helvetica, Sans-Serif; margin: 3pt 0 0"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">(1)
This is a non-GAAP financial measure or ratio. Please refer to &quot;Non-GAAP Financial Measures&quot; in this press release.</FONT></P>

<P STYLE="font: 10pt Calibri, Helvetica, Sans-Serif; margin: 0"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">(2)
Gross margin is defined as gross profit divided by net sales.</FONT></P>

<P STYLE="font: 10pt Calibri, Helvetica, Sans-Serif; margin: 0"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">(3)
SG&amp;A as a percentage of sales is defined as SG&amp;A divided by net sales.</FONT></P>

<P STYLE="font: 10pt Calibri, Helvetica, Sans-Serif; margin: 0"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">(4)
Operating margin is defined as operating income divided by net sales.</FONT></P>

<P STYLE="font: 10pt Calibri, Helvetica, Sans-Serif; margin: 0"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">n.m.
= not meaningful</FONT></P>

<P STYLE="font: 10pt Calibri, Helvetica, Sans-Serif; margin: 0"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">&nbsp;</FONT></P>


<!-- Field: Page; Sequence: 4 -->
    <DIV STYLE="margin-top: 6pt; margin-bottom: 6pt; border-bottom: Black 2px solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 33%">&nbsp;</TD><TD STYLE="font: 9pt Arial, Helvetica, Sans-Serif; width: 34%; text-align: center">Page <!-- Field: Sequence; Type: Arabic; Name: PageNo -->4<!-- Field: /Sequence --></TD><TD STYLE="width: 33%; text-align: right">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Calibri, Helvetica, Sans-Serif; margin: 0"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Calibri, Helvetica, Sans-Serif; margin: 0"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black"><B>DISAGGREGATION
OF REVENUE</B></FONT></P>

<P STYLE="font: 10pt Calibri, Helvetica, Sans-Serif; margin: 0; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black">&nbsp;</FONT></P>

<P STYLE="font: 10pt Calibri, Helvetica, Sans-Serif; margin: 0"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black">Net
sales by major product group were as follows:</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font: 10pt Arial, Helvetica, Sans-Serif">
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-top: Black 1pt solid; color: Black; font-style: italic; border-bottom: Black 1pt solid">(in $&nbsp;millions, or otherwise indicated)</TD><TD STYLE="border-top: Black 1pt solid; color: Black; font-weight: bold; border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-top: Black 1pt solid; color: Black; font-weight: bold; text-align: right; border-bottom: Black 1pt solid">Q1 2022</TD><TD STYLE="border-top: Black 1pt solid; color: Black; border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-top: Black 1pt solid; color: Black; text-align: right; border-bottom: Black 1pt solid">Q1 2021</TD><TD STYLE="border-top: Black 1pt solid; color: Black; border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-top: Black 1pt solid; color: Black; text-align: right; border-bottom: Black 1pt solid">Variation (%)</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(198,244,249)">
    <TD STYLE="width: 64%; color: Black">Activewear</TD><TD STYLE="width: 2%; color: Black; font-weight: bold">&nbsp;</TD>
    <TD STYLE="width: 10%; color: Black; font-weight: bold; text-align: right">667.3</TD><TD STYLE="width: 2%; color: Black">&nbsp;</TD>
    <TD STYLE="width: 10%; color: Black; text-align: right">484.6</TD><TD STYLE="width: 2%; color: Black">&nbsp;</TD>
    <TD STYLE="width: 10%; color: Black; text-align: right">37.7%</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="color: Black; text-align: left; border-bottom: Black 1pt solid">Hosiery and underwear</TD><TD STYLE="color: Black; font-weight: bold; border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; color: Black; font-weight: bold; text-align: right">107.6</TD><TD STYLE="color: Black; border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; color: Black; text-align: right">105.0</TD><TD STYLE="color: Black; border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; color: Black; text-align: right">2.5%</TD></TR>
  <TR STYLE="border-bottom: Black 2pt solid; vertical-align: bottom; background-color: rgb(198,244,249)">
    <TD STYLE="color: Black; border-bottom: Black 1pt solid">&nbsp;</TD><TD STYLE="color: Black; font-weight: bold; border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; color: Black; font-weight: bold; text-align: right">774.9</TD><TD STYLE="color: Black; border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; color: Black; text-align: right">589.6</TD><TD STYLE="color: Black; border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; color: Black; text-align: right">31.4%</TD></TR>
  </TABLE>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black">&nbsp;</FONT></P>

<P STYLE="font: 10pt Calibri, Helvetica, Sans-Serif; margin: 0"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black">Net
sales were derived from customers located in the following geographic areas:</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font: 10pt Arial, Helvetica, Sans-Serif">
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-top: Black 1pt solid; color: Black; font-style: italic; border-bottom: Black 1pt solid">(in $&nbsp;millions, or otherwise indicated)</TD><TD STYLE="border-top: Black 1pt solid; color: Black; font-weight: bold; border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-top: Black 1pt solid; color: Black; font-weight: bold; text-align: right; border-bottom: Black 1pt solid">Q1 2022</TD><TD STYLE="border-top: Black 1pt solid; color: Black; border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-top: Black 1pt solid; color: Black; text-align: right; border-bottom: Black 1pt solid">Q1 2021</TD><TD STYLE="border-top: Black 1pt solid; color: Black; border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-top: Black 1pt solid; color: Black; text-align: right; border-bottom: Black 1pt solid">Variation (%)</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(198,244,249)">
    <TD STYLE="width: 64%; color: Black; text-align: left">United States</TD><TD STYLE="width: 2%; color: Black; font-weight: bold">&nbsp;</TD>
    <TD STYLE="width: 10%; color: Black; font-weight: bold; text-align: right">681.8</TD><TD STYLE="width: 2%; color: Black">&nbsp;</TD>
    <TD STYLE="width: 10%; color: Black; text-align: right">506.8</TD><TD STYLE="width: 2%; color: Black">&nbsp;</TD>
    <TD STYLE="width: 10%; color: Black; text-align: right">34.5%</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="color: Black">Canada</TD><TD STYLE="color: Black; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: Black; font-weight: bold; text-align: right">30.2</TD><TD STYLE="color: Black">&nbsp;</TD>
    <TD STYLE="color: Black; text-align: right">22.6</TD><TD STYLE="color: Black">&nbsp;</TD>
    <TD STYLE="color: Black; text-align: right">33.6%</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(198,244,249)">
    <TD STYLE="color: Black; border-bottom: Black 1pt solid">International</TD><TD STYLE="color: Black; font-weight: bold; border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; color: Black; font-weight: bold; text-align: right">62.9</TD><TD STYLE="color: Black; border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; color: Black; text-align: right">60.2</TD><TD STYLE="color: Black; border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; color: Black; text-align: right">4.5%</TD></TR>
  <TR STYLE="border-bottom: Black 2pt solid; vertical-align: bottom; background-color: White">
    <TD STYLE="color: Black; border-bottom: Black 1pt solid">&nbsp;</TD><TD STYLE="color: Black; font-weight: bold; border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; color: Black; font-weight: bold; text-align: right">774.9</TD><TD STYLE="color: Black; border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; color: Black; text-align: right">589.6</TD><TD STYLE="color: Black; border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; color: Black; text-align: right">31.4%</TD></TR>
  </TABLE>

<P STYLE="font: 10pt Calibri, Helvetica, Sans-Serif; margin: 0"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 10pt Calibri, Helvetica, Sans-Serif; margin: 0 0 0pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black"><B>Non-GAAP
financial measures and related ratios</B></FONT></P>

<P STYLE="font: 10pt Calibri, Helvetica, Sans-Serif; margin: 0 0 0pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black">This
press release includes references to certain non-GAAP financial measures, as well as non-GAAP ratios as described below. These non-GAAP
measures do not have any standardized meanings prescribed by International Financial Reporting Standards (IFRS) and are therefore unlikely
to be comparable to similar measures presented by other companies. Accordingly, they should not be considered in isolation or as a substitute
for measures of performance prepared in accordance with IFRS. The terms and definitions of the non-GAAP measures used in this press release
and a reconciliation of each non-GAAP measure to the most directly comparable IFRS measure are provided below.</FONT></P>

<P STYLE="font: 10pt Calibri, Helvetica, Sans-Serif; margin: 0 0 0pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black">&nbsp;</FONT></P>

<P STYLE="font: 10pt Calibri, Helvetica, Sans-Serif; margin: 0 0 0pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black"><B>Certain
adjustments to non-GAAP measures</B></FONT></P>

<P STYLE="font: 10pt Calibri, Helvetica, Sans-Serif; margin: 0 0 0pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black">As
noted above certain of our non-GAAP financial measures and ratios exclude the variation caused by certain </FONT><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">adjustments
that affect the comparability of the Company's financial results and could potentially distort the analysis of trends in its business
performance. Adjustments which impact more than one non-GAAP financial measure and ratio are explained below:</FONT></P>

<P STYLE="font: 10pt Calibri, Helvetica, Sans-Serif; margin: 0 0 0pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black">&nbsp;</FONT></P>

<P STYLE="font: 10pt Calibri, Helvetica, Sans-Serif; margin: 0 0 0pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black"><I>Restructuring
and acquisition-related costs (recovery)</I></FONT></P>

<P STYLE="font: 10pt Calibri, Helvetica, Sans-Serif; margin: 0 0 0pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black">Restructuring
and acquisition-related costs are comprised of costs directly related to significant exit activities, including the closure of business
locations or the relocation of business activities, significant changes in management structure, as well as transaction, exit, and integration
costs incurred pursuant to business acquisitions. Restructuring and acquisition-related costs is included as an adjustment in arriving
at adjusted operating income, adjusted operating margin, adjusted net earnings, adjusted diluted EPS, and adjusted EBITDA. Restructuring
and acquisition-related recovery was $2.8 million (2021 - $1.5 million in costs) for the three months ended April 3, 2022. Refer to subsection
5.4.5 entitled &ldquo;Restructuring and acquisition-related (recovery) costs&rdquo; in our interim MD&amp;A for a detailed discussion
of these costs.</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 0pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black">&nbsp;</FONT></P>

<P STYLE="font: 10pt Calibri, Helvetica, Sans-Serif; margin: 0 0 0pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black"><I>Net
insurance losses (gains)</I></FONT></P>

<P STYLE="font: 10pt Calibri, Helvetica, Sans-Serif; margin: 0 0 0pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black">Net
insurance gains of $0.3 million (2021 - $6.2 million) for the three months ended April 3, 2022, related to the two hurricanes which impacted
the Company&rsquo;s operations in Central America in November 2020. The net insurance gains reflected costs of $4.4 million (2021 - $24.3
million) (mainly attributable to equipment repairs, salary and benefits continuation for idle employees, and other costs and charges),
which were more than offset by related accrued insurance recoveries of $4.7 million (2021 - $30.5 million) during the first quarter of
fiscal 2022. The insurance gains primarily relate to accrued insurance recoveries at replacement cost value for damaged equipment in
excess of the write-off of the net book value of property plant and equipment, as well as the recognition of insurance recoveries for
business interruption, when applicable. Net insurance gains is included as an adjustment in arriving at adjusted gross profit and adjusted
gross margin, adjusted operating income, adjusted operating margin, adjusted net earnings, adjusted diluted EPS, and adjusted EBITDA.</FONT></P>

<P STYLE="font: 10pt Calibri, Helvetica, Sans-Serif; margin: 0"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black"><I>&nbsp;</I></FONT></P>


<!-- Field: Page; Sequence: 5 -->
    <DIV STYLE="margin-top: 6pt; margin-bottom: 6pt; border-bottom: Black 2px solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 33%">&nbsp;</TD><TD STYLE="font: 9pt Arial, Helvetica, Sans-Serif; width: 34%; text-align: center">Page <!-- Field: Sequence; Type: Arabic; Name: PageNo -->5<!-- Field: /Sequence --></TD><TD STYLE="width: 33%; text-align: right">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Calibri, Helvetica, Sans-Serif; margin: 0"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black"><I>&nbsp;</I></FONT></P>

<P STYLE="font: 10pt Calibri, Helvetica, Sans-Serif; margin: 0"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black"><I>Impact
of strategic product line initiatives</I></FONT></P>

<P STYLE="font: 10pt Calibri, Helvetica, Sans-Serif; margin: 0"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black">In
the fourth quarter of fiscal 2019, the Company launched a strategic initiative to significantly reduce its imprintables product line
SKU count. In the fourth quarter of fiscal 2020 the Company expanded this strategic initiative to include a significant reduction in
its retail product line SKU count. The objectives of this strategic initiative include exiting all ship to-the-piece activities, discontinuing
overlapping and less productive styles and SKUs between brands, simplifying the Company's product portfolio and reducing complexity in
its manufacturing and warehouse distribution activities. The impact of this initiative has included inventory write-downs to reduce the
carrying value of discontinued SKUs to liquidation values, sales return allowances for product returns related to discontinued SKUs,
and in Q4 2021, the write-down of production equipment and other assets relating to discontinued SKUs. The impact of strategic product
line initiatives is included as an adjustment in arriving at adjusted gross profit and adjusted gross margin, adjusted operating income,
adjusted operating margin, adjusted net earnings, adjusted diluted EPS, and adjusted EBITDA.</FONT></P>

<P STYLE="font: 10pt Calibri, Helvetica, Sans-Serif; margin: 0"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black">&nbsp;</FONT></P>

<P STYLE="font: 10pt Calibri, Helvetica, Sans-Serif; margin: 0 0 0pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black">The
gains and charges related to this initiative for three months ended April 3, 2022 and April 4, 2021, were as follows:</FONT></P>

<P STYLE="font: 10pt Calibri, Helvetica, Sans-Serif; margin: 0 0 0pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black">&nbsp;</FONT><P STYLE="font: 10pt Calibri, Helvetica, Sans-Serif; margin: 0"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B></B></FONT></P>

<P STYLE="font: 10pt Calibri, Helvetica, Sans-Serif; margin: 0"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B></B></FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&#183;</FONT></TD><TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black">The
                                            three months ended April 3, 2022 includes $1 million of gains included in cost of sales,
                                            related to the reversal of a reserve relating to Company's strategic initiatives to significantly
                                            reduce its product line stock-keeping unit (SKU) counts.</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&#183;</FONT></TD><TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">The
                                            three months ended April 4, 2021 includes $1.2 million of charges included in cost of sales,
                                            related to the Company&rsquo;s strategic initiatives to significantly reduce its product
                                            line SKU counts.</FONT></TD></TR></TABLE>


<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-indent: -0.25in"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black">&nbsp;</FONT></P>

<P STYLE="font: 10pt Calibri, Helvetica, Sans-Serif; margin: 0"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black"><U>Adjusted
net earnings and adjusted diluted EPS</U></FONT></P>

<P STYLE="font: 10pt Calibri, Helvetica, Sans-Serif; margin: 0 0 0pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black">Adjusted
net earnings are calculated as net earnings before restructuring and acquisition-related costs, impairment of goodwill and intangible
assets (and reversal of impairments on intangible assets), net insurance gains, the discontinuance of PPE SKUs, the impact of the Company's
strategic product line initiatives, and income tax expense or recovery relating to these items. Adjusted net earnings also excludes income
taxes related to the re-assessment of the probability of realization of previously recognized or de-recognized deferred income tax assets,
and income taxes relating to the revaluation of deferred income tax assets and liabilities as a result of statutory income tax rate changes
in the countries in which we operate. Adjusted diluted EPS is calculated as adjusted net earnings divided by the diluted weighted average
number of common shares outstanding. The Company uses adjusted net earnings and adjusted diluted EPS to measure its performance from
one period to the next, without the variation caused by the impacts of the items described above. The Company excludes these items because
they affect the comparability of its financial results and could potentially distort the analysis of trends in its business performance.
The Company believes adjusted net earnings and adjusted diluted EPS are useful to investors because they help identify underlying trends
in our business that could otherwise be masked by certain expenses, write-offs, charges, income or recoveries that can vary from period
to period. Excluding these items does not imply they are necessarily non-recurring. These measures do not have any standardized meanings
prescribed by IFRS and are therefore unlikely to be comparable to similar measures presented by other companies.</FONT></P>

<P STYLE="font: 10pt Calibri, Helvetica, Sans-Serif; margin: 0 0 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font: 10pt Arial, Helvetica, Sans-Serif">
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-top: Black 1pt solid; color: Black; font-style: italic; border-bottom: Black 1pt solid">(in $&nbsp;millions, except per share amounts)</TD><TD STYLE="border-top: Black 1pt solid; color: Black; font-weight: bold; border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-top: Black 1pt solid; color: Black; font-weight: bold; text-align: right; border-bottom: Black 1pt solid">Q1 2022</TD><TD STYLE="border-top: Black 1pt solid; color: Black; border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-top: Black 1pt solid; color: Black; text-align: right; border-bottom: Black 1pt solid">Q1 2021</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(198,244,249)">
    <TD STYLE="width: 76%; color: Black; text-align: left">Net earnings</TD><TD STYLE="width: 2%; color: Black; font-weight: bold">&nbsp;</TD>
    <TD STYLE="width: 10%; color: Black; font-weight: bold; text-align: right">146.4</TD><TD STYLE="width: 2%; color: Black">&nbsp;</TD>
    <TD STYLE="width: 10%; color: Black; text-align: right">98.5</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="color: Black; text-align: left">Adjustments for:</TD><TD STYLE="color: Black">&nbsp;</TD>
    <TD STYLE="color: Black">&nbsp;</TD><TD STYLE="color: Black">&nbsp;</TD>
    <TD STYLE="color: Black">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(198,244,249)">
    <TD STYLE="color: Black; text-align: left; text-indent: -9pt; padding-left: 0.25in">Restructuring and acquisition-related (recovery) costs</TD><TD STYLE="color: Black; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: Black; font-weight: bold; text-align: right">(2.8)</TD><TD STYLE="color: Black">&nbsp;</TD>
    <TD STYLE="color: Black; text-align: right">1.5</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="color: Black; text-align: left; text-indent: -9pt; padding-left: 0.25in">Impact of strategic product line initiatives</TD><TD STYLE="color: Black; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: Black; font-weight: bold; text-align: right">(1.0)</TD><TD STYLE="color: Black">&nbsp;</TD>
    <TD STYLE="color: Black; text-align: right">1.2</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(198,244,249)">
    <TD STYLE="color: Black; text-align: left; text-indent: -9pt; padding-left: 0.25in">Net insurance gains</TD><TD STYLE="color: Black; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: Black; font-weight: bold; text-align: right">(0.3)</TD><TD STYLE="color: Black">&nbsp;</TD>
    <TD STYLE="color: Black; text-align: right">(6.2)</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="color: Black; text-align: left; border-bottom: Black 1pt solid; text-indent: -9pt; padding-left: 0.25in">Income tax expense relating to the above-noted adjustments</TD><TD STYLE="color: Black; font-weight: bold; border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; color: Black; font-weight: bold; text-align: right">2.0</TD><TD STYLE="color: Black; border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; color: Black; text-align: right">&mdash;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(198,244,249)">
    <TD STYLE="color: Black; text-align: left; border-bottom: Black 1pt solid">Adjusted net earnings</TD><TD STYLE="color: Black; font-weight: bold; border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; color: Black; font-weight: bold; text-align: right">144.3</TD><TD STYLE="color: Black; border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; color: Black; text-align: right">95.0</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="color: Black; text-align: left">Basic EPS</TD><TD STYLE="color: Black; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: Black; font-weight: bold; text-align: right">0.77</TD><TD STYLE="color: Black">&nbsp;</TD>
    <TD STYLE="color: Black; text-align: right">0.50</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(198,244,249)">
    <TD STYLE="color: Black; text-align: left">Diluted EPS</TD><TD STYLE="color: Black; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: Black; font-weight: bold; text-align: right">0.77</TD><TD STYLE="color: Black">&nbsp;</TD>
    <TD STYLE="color: Black; text-align: right">0.50</TD></TR>
  <TR STYLE="border-bottom: Black 2pt solid; vertical-align: bottom; background-color: White">
    <TD STYLE="color: Black; text-align: left"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black">Adjusted diluted EPS<SUP>(1)</SUP></FONT></TD><TD STYLE="color: Black; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: Black; font-weight: bold; text-align: right">0.76</TD><TD STYLE="color: Black">&nbsp;</TD>
    <TD STYLE="color: Black; text-align: right">0.48</TD></TR>
  </TABLE>

<P STYLE="font: 10pt Calibri, Helvetica, Sans-Serif; margin: 3pt 0 0pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: Black">(1)
This is a non-GAAP ratio. It is calculated as adjusted net earnings divided by the diluted weighted average number of common shares outstanding.</FONT></P>

<P STYLE="font: 10pt Calibri, Helvetica, Sans-Serif; margin: 3pt 0 0pt; text-align: justify"></P>

<P STYLE="font: 10pt Calibri, Helvetica, Sans-Serif; margin: 3pt 0 0pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black">&nbsp;</FONT></P>


<!-- Field: Page; Sequence: 6 -->
    <DIV STYLE="margin-top: 6pt; margin-bottom: 6pt; border-bottom: Black 2px solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 33%">&nbsp;</TD><TD STYLE="font: 9pt Arial, Helvetica, Sans-Serif; width: 34%; text-align: center">Page <!-- Field: Sequence; Type: Arabic; Name: PageNo -->6<!-- Field: /Sequence --></TD><TD STYLE="width: 33%; text-align: right">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Calibri, Helvetica, Sans-Serif; margin: 0 0 0pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Calibri, Helvetica, Sans-Serif; margin: 0 0 0pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black"><U>Adjusted
gross profit and adjusted gross margin</U></FONT></P>

<P STYLE="font: 10pt Calibri, Helvetica, Sans-Serif; margin: 0 0 0pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black">Adjusted
gross profit is calculated as gross profit excluding the impact of net insurance gains, the discontinuance of PPE SKUs, and the impact
of the Company's strategic product line initiatives. The Company uses adjusted gross profit and adjusted gross margin to measure its
performance from one period to the next, without the variation caused by the impacts of the items described above. The Company excludes
these items because they affect the comparability of its financial results and could potentially distort the analysis of trends in its
business performance. Excluding these items does not imply they are necessarily non-recurring. The Company believes adjusted gross profit
and adjusted gross margin are useful to investors because they help identify underlying trends in our business that could otherwise be
masked by certain expenses, write-offs, charges, income or recoveries that can vary from period to period. These measures do not have
any standardized meanings prescribed by IFRS and are therefore unlikely to be comparable to similar measures presented by other companies.</FONT></P>

<P STYLE="font: 10pt Calibri, Helvetica, Sans-Serif; margin: 0 0 0pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font: 10pt Arial, Helvetica, Sans-Serif">
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-top: Black 1pt solid; color: Black; font-style: italic; border-bottom: Black 1pt solid">(in $&nbsp;millions, or otherwise indicated)</TD><TD STYLE="border-top: Black 1pt solid; color: Black; font-weight: bold; border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-top: Black 1pt solid; color: Black; font-weight: bold; text-align: right; border-bottom: Black 1pt solid">Q1 2022</TD><TD STYLE="border-top: Black 1pt solid; color: Black; border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-top: Black 1pt solid; color: Black; text-align: right; border-bottom: Black 1pt solid">Q1 2021</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(198,244,249)">
    <TD STYLE="width: 76%; color: Black; text-align: left">Gross profit</TD><TD STYLE="width: 2%; color: Black; font-weight: bold">&nbsp;</TD>
    <TD STYLE="width: 10%; color: Black; font-weight: bold; text-align: right">240.4</TD><TD STYLE="width: 2%; color: Black">&nbsp;</TD>
    <TD STYLE="width: 10%; color: Black; text-align: right">188.5</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="color: Black; text-align: left">Adjustments for:</TD><TD STYLE="color: Black">&nbsp;</TD>
    <TD STYLE="color: Black; text-align: right">&nbsp;</TD><TD STYLE="color: Black">&nbsp;</TD>
    <TD STYLE="color: Black; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(198,244,249)">
    <TD STYLE="color: Black; text-align: left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Impact of strategic product line initiatives</TD><TD STYLE="color: Black; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: Black; font-weight: bold; text-align: right">(1.0)</TD><TD STYLE="color: Black">&nbsp;</TD>
    <TD STYLE="color: Black; text-align: right">1.2</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="color: Black; text-align: left; border-bottom: Black 1pt solid">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Net insurance gains</TD><TD STYLE="color: Black; font-weight: bold; border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; color: Black; font-weight: bold; text-align: right">(0.3)</TD><TD STYLE="color: Black; border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; color: Black; text-align: right">(6.2)</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(198,244,249)">
    <TD STYLE="color: Black; text-align: left; border-bottom: Black 1pt solid">Adjusted gross profit</TD><TD STYLE="color: Black; font-weight: bold; border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; color: Black; font-weight: bold; text-align: right">239.1</TD><TD STYLE="color: Black; border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; color: Black; text-align: right">183.5</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="color: Black; text-align: left">Gross margin</TD><TD STYLE="color: Black; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: Black; font-weight: bold; text-align: right">31.0%</TD><TD STYLE="color: Black">&nbsp;</TD>
    <TD STYLE="color: Black; text-align: right">32.0%</TD></TR>
  <TR STYLE="border-bottom: Black 2pt solid; vertical-align: bottom; background-color: rgb(198,244,249)">
    <TD STYLE="color: Black; text-align: left; border-bottom: Black 1pt solid"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black">Adjusted gross margin<SUP>(1)</SUP></FONT></TD><TD STYLE="color: Black; font-weight: bold; border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; color: Black; font-weight: bold; text-align: right">30.9%</TD><TD STYLE="color: Black; border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; color: Black; text-align: right">31.1%</TD></TR>
  </TABLE>

<P STYLE="font: 10pt Calibri, Helvetica, Sans-Serif; margin: 3pt 0 0pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: Black">(1)
This is a non-GAAP ratio. It is calculated as adjusted gross profit divided by net sales excluding the sales return allowance for anticipated
product returns related to discontinued SKUs. Net sales excluding the sales return allowance for anticipated product returns related
to discontinued SKUs is a non-GAAP measure used in the denominator of the adjusted margin ratios to reverse the full effect of the SKU
rationalization adjustments. The sales return allowance was nil for both periods.</FONT></P>

<P STYLE="font: 10pt Calibri, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black">&nbsp;</FONT></P>

<P STYLE="font: 10pt Calibri, Helvetica, Sans-Serif; margin: 0 0 0pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black"><U>Adjusted
operating income and adjusted operating margin</U></FONT></P>

<P STYLE="font: 10pt Calibri, Helvetica, Sans-Serif; margin: 0 0 0pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black">Adjusted
operating income is calculated as operating income before restructuring and acquisition-related costs. Adjusted operating income also
excludes impairment of goodwill and intangible assets, net insurance gains, the discontinuance of PPE SKUs, and the impact of the Company's
strategic product line initiatives. Management uses adjusted operating income and adjusted operating margin to measure its performance
from one period to the next, without the variation caused by the impacts of the items described above. The Company excludes these items
because they affect the comparability of its financial results and could potentially distort the analysis of trends in its business performance.
The Company believes adjusted operating income and adjusted operating margin are useful to investors because they help identify underlying
trends in our business that could otherwise be masked by certain expenses, write-offs, charges, income or recoveries that can vary from
period to period. Excluding these items does not imply they are necessarily non-recurring. These measures do not have any standardized
meanings prescribed by IFRS and are therefore unlikely to be comparable to similar measures presented by other companies.</FONT></P>

<P STYLE="font: 10pt Calibri, Helvetica, Sans-Serif; margin: 0 0 0pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font: 10pt Arial, Helvetica, Sans-Serif">
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-top: Black 1pt solid; border-bottom: Black 1pt solid; color: Black; font-style: italic">(in $&nbsp;millions, or otherwise indicated)</TD><TD STYLE="border-top: Black 1pt solid; border-bottom: Black 1pt solid; color: Black; font-weight: bold">&nbsp;</TD>
    <TD STYLE="border-top: Black 1pt solid; border-bottom: Black 1pt solid; color: Black; font-weight: bold; text-align: right">Q1 2022</TD><TD STYLE="border-top: Black 1pt solid; border-bottom: Black 1pt solid; color: Black">&nbsp;</TD>
    <TD STYLE="border-top: Black 1pt solid; border-bottom: Black 1pt solid; color: Black; text-align: right">Q1 2021</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(198,244,249)">
    <TD STYLE="width: 76%; color: Black; text-align: left">Operating income</TD><TD STYLE="width: 2%; color: Black; font-weight: bold">&nbsp;</TD>
    <TD STYLE="width: 10%; color: Black; font-weight: bold; text-align: right">162.2</TD><TD STYLE="width: 2%; color: Black">&nbsp;</TD>
    <TD STYLE="width: 10%; color: Black; text-align: right">113.8</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="color: Black; text-align: left">Adjustments for:</TD><TD STYLE="color: Black">&nbsp;</TD>
    <TD STYLE="color: Black; text-align: right">&nbsp;</TD><TD STYLE="color: Black">&nbsp;</TD>
    <TD STYLE="color: Black; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(198,244,249)">
    <TD STYLE="color: Black; text-align: left; padding-left: 9pt">Restructuring and acquisition-related (recovery) costs</TD><TD STYLE="color: Black; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: Black; font-weight: bold; text-align: right">(2.8)</TD><TD STYLE="color: Black">&nbsp;</TD>
    <TD STYLE="color: Black; text-align: right">1.5</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="color: Black; text-align: left; padding-left: 9pt">Impact of strategic product line initiatives</TD><TD STYLE="color: Black; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: Black; font-weight: bold; text-align: right">(1.0)</TD><TD STYLE="color: Black">&nbsp;</TD>
    <TD STYLE="color: Black; text-align: right">1.2</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(198,244,249)">
    <TD STYLE="color: Black; text-align: left; border-bottom: Black 1pt solid; padding-left: 9pt">Net insurance gains</TD><TD STYLE="color: Black; font-weight: bold; border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; color: Black; font-weight: bold; text-align: right">(0.3)</TD><TD STYLE="color: Black; border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; color: Black; text-align: right">(6.2)</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="color: Black; text-align: left; border-bottom: Black 1pt solid">Adjusted operating income</TD><TD STYLE="color: Black; font-weight: bold; border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; color: Black; font-weight: bold; text-align: right">158.1</TD><TD STYLE="color: Black; border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; color: Black; text-align: right">110.3</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(198,244,249)">
    <TD STYLE="color: Black; text-align: left">Operating margin</TD><TD STYLE="color: Black; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: Black; font-weight: bold; text-align: right">20.9%</TD><TD STYLE="color: Black">&nbsp;</TD>
    <TD STYLE="color: Black; text-align: right">19.3%</TD></TR>
  <TR STYLE="border-bottom: Black 2pt solid; vertical-align: bottom; background-color: White">
    <TD STYLE="color: Black; text-align: left; border-bottom: Black 1pt solid"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black">Adjusted operating margin<SUP>(1)</SUP></FONT></TD><TD STYLE="color: Black; font-weight: bold; border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; color: Black; font-weight: bold; text-align: right">20.4%</TD><TD STYLE="color: Black; border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; color: Black; text-align: right">18.7%</TD></TR>
  </TABLE>

<P STYLE="font: 10pt Calibri, Helvetica, Sans-Serif; margin: 3pt 0 0; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: Black">(1)
This is a non-GAAP ratio. It is calculated as adjusted operating income divided by net sales excluding the sales return allowance for
anticipated product returns related to discontinued SKUs. Net sales excluding the sales return allowance for anticipated product returns
related to discontinued SKUs is a non-GAAP measure used in the denominator of the adjusted margin ratios to reverse the full effect of
the SKU rationalization adjustments. The sales return allowance was nil for both periods.</FONT></P>

<P STYLE="font: 10pt Calibri, Helvetica, Sans-Serif; margin: 0pt 0 0; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black">&nbsp;</FONT></P>


<!-- Field: Page; Sequence: 7 -->
    <DIV STYLE="margin-top: 6pt; margin-bottom: 6pt; border-bottom: Black 2px solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 33%">&nbsp;</TD><TD STYLE="font: 9pt Arial, Helvetica, Sans-Serif; width: 34%; text-align: center">Page <!-- Field: Sequence; Type: Arabic; Name: PageNo -->7<!-- Field: /Sequence --></TD><TD STYLE="width: 33%; text-align: right">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Calibri, Helvetica, Sans-Serif; margin: 0 0 0pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black">&nbsp;</FONT></P>

<P STYLE="font: 10pt Calibri, Helvetica, Sans-Serif; margin: 0 0 0pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black"><U>Adjusted
EBITDA</U></FONT></P>

<P STYLE="font: 10pt Calibri, Helvetica, Sans-Serif; margin: 0 0 0pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black">Adjusted
EBITDA is calculated as earnings before financial expenses net, income taxes, and depreciation and amortization, and excludes the impact
of restructuring and acquisition-related costs. Adjusted EBITDA also excludes impairment of goodwill and intangible assets and reversal
of impairments on intangible assets, net insurance gains, the discontinuance of PPE SKUs, and the impact of the Company's strategic product
line initiative. Management&nbsp;uses adjusted EBITDA, among other measures, to assess the operating performance of its business. The
Company also believes this measure is commonly used by investors and analysts to measure a company&rsquo;s ability to service debt and
to meet other payment obligations, or as a common valuation measurement. The Company excludes depreciation and amortization expenses,
which are non-cash in nature and can vary significantly depending upon accounting methods or non-operating factors. Excluding these items
does not imply they are necessarily non-recurring. This measure does not have any standardized meanings prescribed by IFRS and is therefore
unlikely to be comparable to similar measures presented by other companies.</FONT></P>

<P STYLE="font: 10pt Calibri, Helvetica, Sans-Serif; margin: 0 0 0pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font: 10pt Arial, Helvetica, Sans-Serif">
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-top: Black 1pt solid; color: Black; font-style: italic; border-bottom: Black 1pt solid">(in $&nbsp;millions)</TD><TD STYLE="border-top: Black 1pt solid; color: Black; font-weight: bold; border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-top: Black 1pt solid; color: Black; font-weight: bold; text-align: right; border-bottom: Black 1pt solid">Q1 2022</TD><TD STYLE="border-top: Black 1pt solid; color: Black; border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-top: Black 1pt solid; color: Black; text-align: right; border-bottom: Black 1pt solid">Q1 2021</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(198,244,249)">
    <TD STYLE="width: 76%; color: Black; text-align: left">Net earnings</TD><TD STYLE="width: 2%; color: Black; font-weight: bold">&nbsp;</TD>
    <TD STYLE="width: 10%; color: Black; font-weight: bold; text-align: right">146.4</TD><TD STYLE="width: 2%; color: Black">&nbsp;</TD>
    <TD STYLE="width: 10%; color: Black; text-align: right">98.5</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="color: Black; text-align: left">Restructuring and acquisition-related (recovery) costs</TD><TD STYLE="color: Black; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: Black; font-weight: bold; text-align: right">(2.8)</TD><TD STYLE="color: Black">&nbsp;</TD>
    <TD STYLE="color: Black; text-align: right">1.5</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(198,244,249)">
    <TD STYLE="color: Black; text-align: left">Impact of strategic product line initiative</TD><TD STYLE="color: Black; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: Black; font-weight: bold; text-align: right">(1.0)</TD><TD STYLE="color: Black">&nbsp;</TD>
    <TD STYLE="color: Black; text-align: right">1.2</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="color: Black; text-align: left">Net insurance gains</TD><TD STYLE="color: Black; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: Black; font-weight: bold; text-align: right">(0.3)</TD><TD STYLE="color: Black">&nbsp;</TD>
    <TD STYLE="color: Black; text-align: right">(6.2)</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(198,244,249)">
    <TD STYLE="color: Black; text-align: left">Depreciation and amortization</TD><TD STYLE="color: Black; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: Black; font-weight: bold; text-align: right">33.5</TD><TD STYLE="color: Black">&nbsp;</TD>
    <TD STYLE="color: Black; text-align: right">35.6</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="color: Black; text-align: left">Financial expenses, net</TD><TD STYLE="color: Black; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: Black; font-weight: bold; text-align: right">7.0</TD><TD STYLE="color: Black">&nbsp;</TD>
    <TD STYLE="color: Black; text-align: right">10.8</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(198,244,249)">
    <TD STYLE="color: Black; text-align: left; border-bottom: Black 1pt solid">Income tax expense</TD><TD STYLE="color: Black; font-weight: bold; border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; color: Black; font-weight: bold; text-align: right">8.8</TD><TD STYLE="color: Black; border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; color: Black; text-align: right">4.4</TD></TR>
  <TR STYLE="border-bottom: Black 2pt solid; vertical-align: bottom; background-color: White">
    <TD STYLE="color: Black; text-align: left">Adjusted EBITDA</TD><TD STYLE="color: Black; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: Black; font-weight: bold; text-align: right">191.6</TD><TD STYLE="color: Black">&nbsp;</TD>
    <TD STYLE="color: Black; text-align: right">145.8</TD></TR>
  </TABLE>

<P STYLE="font: 10pt Calibri, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black">&nbsp;</FONT></P>

<P STYLE="font: 10pt Calibri, Helvetica, Sans-Serif; margin: 0pt 0"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black"><U>Free
cash flow </U></FONT></P>

<P STYLE="font: 10pt Calibri, Helvetica, Sans-Serif; margin: 0pt 0"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black">Free
cash flow is defined as cash from operating activities, less cash flow used in investing activities excluding business acquisitions.
The Company considers free cash flow to be an important indicator of the financial strength and liquidity of its business, and it is
a key metric which indicates how much cash is available after capital expenditures to repay debt, to pursue business acquisitions, and/or
to redistribute to its shareholders. Management believes that free cash flow provides investors with an important perspective on the
cash available to us to service debt, fund acquisitions, and pay dividends. In addition, free cash flow is commonly used by investors
and analysts when valuing a business and its underlying assets. This measure does not have any standardized meanings prescribed by IFRS
and is therefore unlikely to be comparable to similar measures presented by other companies.</FONT></P>

<P STYLE="font: 10pt Calibri, Helvetica, Sans-Serif; margin: 0pt 0"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font: 10pt Arial, Helvetica, Sans-Serif">
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-top: Black 1pt solid; color: Black; font-style: italic; border-bottom: Black 1pt solid">(in $&nbsp;millions)</TD><TD STYLE="border-top: Black 1pt solid; color: Black; font-weight: bold; border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-top: Black 1pt solid; color: Black; font-weight: bold; text-align: right; border-bottom: Black 1pt solid">Q1 2022</TD><TD STYLE="border-top: Black 1pt solid; color: Black; border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-top: Black 1pt solid; color: Black; text-align: right; border-bottom: Black 1pt solid">Q1 2021</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(198,244,249)">
    <TD STYLE="width: 76%; color: Black; text-align: left">Cash flows (used in) from operating activities</TD><TD STYLE="width: 2%; color: Black; font-weight: bold">&nbsp;</TD>
    <TD STYLE="width: 10%; color: Black; font-weight: bold; text-align: right">(51.5)</TD><TD STYLE="width: 2%; color: Black">&nbsp;</TD>
    <TD STYLE="width: 10%; color: Black; text-align: right">20.6</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="color: Black; text-align: left">Cash flows (used in) from investing activities</TD><TD STYLE="color: Black; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: Black; font-weight: bold; text-align: right">(34.0)</TD><TD STYLE="color: Black">&nbsp;</TD>
    <TD STYLE="color: Black; text-align: right">17.0</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(198,244,249)">
    <TD STYLE="color: Black; text-align: left">Adjustment for:</TD><TD STYLE="color: Black">&nbsp;</TD>
    <TD STYLE="color: Black">&nbsp;</TD><TD STYLE="color: Black">&nbsp;</TD>
    <TD STYLE="color: Black">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="color: Black; text-align: left; border-bottom: Black 1pt solid; padding-left: 9pt">Business acquisitions</TD><TD STYLE="color: Black; font-weight: bold; border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; color: Black; font-weight: bold; text-align: right">&mdash;</TD><TD STYLE="color: Black; border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; color: Black; text-align: right">&mdash;</TD></TR>
  <TR STYLE="border-bottom: Black 2pt solid; vertical-align: bottom; background-color: rgb(198,244,249)">
    <TD STYLE="color: Black; text-align: left">Free cash flow</TD><TD STYLE="color: Black; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: Black; font-weight: bold; text-align: right">(85.5)</TD><TD STYLE="color: Black">&nbsp;</TD>
    <TD STYLE="color: Black; text-align: right">37.6</TD></TR>
  </TABLE>

<P STYLE="font: 10pt Calibri, Helvetica, Sans-Serif; margin: 3pt 0 0"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black">&nbsp;</FONT></P>


<!-- Field: Page; Sequence: 8 -->
    <DIV STYLE="margin-top: 6pt; margin-bottom: 6pt; border-bottom: Black 2px solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 33%">&nbsp;</TD><TD STYLE="font: 9pt Arial, Helvetica, Sans-Serif; width: 34%; text-align: center">Page <!-- Field: Sequence; Type: Arabic; Name: PageNo -->8<!-- Field: /Sequence --></TD><TD STYLE="width: 33%; text-align: right">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Calibri, Helvetica, Sans-Serif; margin: 0 0 0pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Calibri, Helvetica, Sans-Serif; margin: 0 0 0pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black"><U>Total
debt and net debt</U></FONT></P>

<P STYLE="font: 10pt Calibri, Helvetica, Sans-Serif; margin: 0 0 0pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black">Total
debt is defined as the total bank indebtedness, long-term debt (including any current portion), and lease obligations (including any
current portion), and net debt is calculated as total debt net of cash and cash equivalents. The Company considers total debt and net
debt to be important indicators of the financial leverage of the Company. The Company believes that certain investors and analysts use
the total debt and net debt to measure the financial leverage of the Company. These measures do not have any standardized meanings prescribed
by IFRS and are therefore unlikely to be comparable to similar measures presented by other companies.</FONT></P>

<P STYLE="font: 10pt Calibri, Helvetica, Sans-Serif; margin: 0 0 0pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font: 10pt Arial, Helvetica, Sans-Serif">
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-top: Black 1pt solid; color: Black; font-style: italic; border-bottom: Black 1pt solid">(in $&nbsp;millions)</TD><TD STYLE="border-top: Black 1pt solid; color: Black; font-weight: bold; border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-top: Black 1pt solid; color: Black; font-weight: bold; text-align: right; border-bottom: Black 1pt solid">Apr 3, 2022</TD><TD STYLE="border-top: Black 1pt solid; color: Black; border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-top: Black 1pt solid; color: Black; text-align: right; border-bottom: Black 1pt solid"><P STYLE="margin-top: 0; margin-bottom: 0">Jan 2,</P>
                                                                                <P STYLE="margin-top: 0; margin-bottom: 0">2022</P></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(198,244,249)">
    <TD STYLE="width: 76%; color: Black; text-align: left">Long-term debt</TD><TD STYLE="width: 2%; color: Black; font-weight: bold">&nbsp;</TD>
    <TD STYLE="width: 10%; color: Black; font-weight: bold; text-align: right">845.0</TD><TD STYLE="width: 2%; color: Black">&nbsp;</TD>
    <TD STYLE="width: 10%; color: Black; text-align: right">600.0</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="color: Black; text-align: left">Bank indebtedness</TD><TD STYLE="color: Black; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: Black; font-weight: bold; text-align: right">&mdash;</TD><TD STYLE="color: Black">&nbsp;</TD>
    <TD STYLE="color: Black; text-align: right">&mdash;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(198,244,249)">
    <TD STYLE="color: Black; text-align: left; border-bottom: Black 1pt solid">Lease obligations</TD><TD STYLE="color: Black; font-weight: bold; border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; color: Black; font-weight: bold; text-align: right">105.9</TD><TD STYLE="color: Black; border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; color: Black; text-align: right">109.1</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="color: Black; text-align: left">Total debt</TD><TD STYLE="color: Black; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: Black; font-weight: bold; text-align: right">950.9</TD><TD STYLE="color: Black">&nbsp;</TD>
    <TD STYLE="color: Black; text-align: right">709.1</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(198,244,249)">
    <TD STYLE="color: Black; text-align: left; border-bottom: Black 1pt solid">Cash and cash equivalents</TD><TD STYLE="color: Black; font-weight: bold; border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; color: Black; font-weight: bold; text-align: right">(121.6)</TD><TD STYLE="color: Black; border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; color: Black; text-align: right">(179.2)</TD></TR>
  <TR STYLE="border-bottom: Black 2pt solid; vertical-align: bottom; background-color: White">
    <TD STYLE="color: Black; text-align: left; border-bottom: Black 1pt solid">Net debt</TD><TD STYLE="color: Black; font-weight: bold; border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; color: Black; font-weight: bold; text-align: right">829.3</TD><TD STYLE="color: Black; border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; color: Black; text-align: right">529.9</TD></TR>
  </TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 3pt 0"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black">&nbsp;</FONT></P>

<P STYLE="font: 10pt Calibri, Helvetica, Sans-Serif; margin: 0"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black"><U>Net
debt leverage ratio </U></FONT></P>

<P STYLE="font: 10pt Calibri, Helvetica, Sans-Serif; margin: 0 0 0pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black">The
net debt leverage ratio is defined as the ratio of net debt to pro-forma adjusted EBITDA for the trailing twelve months, all of which
are non-GAAP measures. The pro-forma adjusted EBITDA for the trailing twelve months reflects business acquisitions made during the period,
as if they had occurred at the beginning of the trailing twelve month period. The Company has set a fiscal year-end net debt leverage
target ratio of one to two times pro-forma adjusted EBITDA for the trailing twelve months. The Company uses and believes that certain
investors and analysts use the net debt leverage ratio to measure the financial leverage of the Company. This measure does not have any
standardized meanings prescribed by IFRS and is therefore unlikely to be comparable to similar measures presented by other companies.</FONT></P>

<P STYLE="font: 10pt Calibri, Helvetica, Sans-Serif; margin: 0 0 0pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font: 10pt Arial, Helvetica, Sans-Serif">
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-top: Black 1pt solid; color: Black; font-style: italic; border-bottom: Black 1pt solid">(in $ millions, or otherwise indicated)</TD><TD STYLE="border-top: Black 1pt solid; color: Black; font-weight: bold; border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-top: Black 1pt solid; color: Black; font-weight: bold; text-align: right; border-bottom: Black 1pt solid">Apr 3, 2022</TD><TD STYLE="border-top: Black 1pt solid; color: Black; border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-top: Black 1pt solid; color: Black; text-align: right; border-bottom: Black 1pt solid"><P STYLE="margin-top: 0; margin-bottom: 0">Jan 2,</P>
                                                                                <P STYLE="margin-top: 0; margin-bottom: 0">2022</P></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(198,244,249)">
    <TD STYLE="width: 76%; color: Black; text-align: left">Adjusted EBITDA for the trailing twelve months</TD><TD STYLE="width: 2%; color: Black; font-weight: bold">&nbsp;</TD>
    <TD STYLE="width: 10%; color: Black; font-weight: bold; text-align: right">772.6</TD><TD STYLE="width: 2%; color: Black">&nbsp;</TD>
    <TD STYLE="width: 10%; color: Black; text-align: right">726.8</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="color: Black; text-align: left">Adjustment for:</TD><TD STYLE="color: Black">&nbsp;</TD>
    <TD STYLE="color: Black; text-align: right">&nbsp;</TD><TD STYLE="color: Black">&nbsp;</TD>
    <TD STYLE="color: Black; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(198,244,249)">
    <TD STYLE="border-bottom: Black 1pt solid; color: Black; text-align: left; padding-left: 9pt">Business acquisitions</TD><TD STYLE="color: Black; font-weight: bold; border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; color: Black; font-weight: bold; text-align: right">18.5</TD><TD STYLE="color: Black; border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; color: Black; text-align: right">22.8</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="color: Black; text-align: left; border-bottom: Black 1pt solid">Pro-forma adjusted EBITDA for the trailing twelve months</TD><TD STYLE="color: Black; font-weight: bold; border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; color: Black; font-weight: bold; text-align: right">791.1</TD><TD STYLE="color: Black; border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; color: Black; text-align: right">749.6</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(198,244,249)">
    <TD STYLE="color: Black; text-align: left">Net debt</TD><TD STYLE="color: Black; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: Black; font-weight: bold; text-align: right">829.3</TD><TD STYLE="color: Black">&nbsp;</TD>
    <TD STYLE="color: Black; text-align: right">529.9</TD></TR>
  <TR STYLE="border-bottom: Black 2pt solid; vertical-align: bottom; background-color: White">
    <TD STYLE="color: Black; text-align: left; border-bottom: Black 1pt solid"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black">Net debt leverage ratio<SUP>(1)</SUP></FONT></TD><TD STYLE="color: Black; font-weight: bold; border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; color: Black; font-weight: bold; text-align: right">1.0</TD><TD STYLE="color: Black; border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; color: Black; text-align: right">0.7</TD></TR>
  </TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 3pt 0 0"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: Black">(1)
The Company's total net debt to EBITDA ratio for purposes of its loan and note agreements was 1.2 at April&nbsp;3, 2022.</FONT></P>

<P STYLE="font: 10pt Calibri, Helvetica, Sans-Serif; margin: 0"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black">&nbsp;</FONT></P>


<!-- Field: Page; Sequence: 9 -->
    <DIV STYLE="margin-top: 6pt; margin-bottom: 6pt; border-bottom: Black 2px solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 33%">&nbsp;</TD><TD STYLE="font: 9pt Arial, Helvetica, Sans-Serif; width: 34%; text-align: center">Page <!-- Field: Sequence; Type: Arabic; Name: PageNo -->9<!-- Field: /Sequence --></TD><TD STYLE="width: 33%; text-align: right">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Calibri, Helvetica, Sans-Serif; margin: 0"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black">&nbsp;</FONT></P>

<P STYLE="font: 10pt Calibri, Helvetica, Sans-Serif; margin: 0 0 0pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black"><U>Working
capital</U></FONT></P>

<P STYLE="font: 10pt Calibri, Helvetica, Sans-Serif; margin: 0 0 0pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black">Working
capital is a non-GAAP financial measure and is defined as current assets less current liabilities. Management believes that working capital,
in addition to other conventional financial measures prepared in accordance with IFRS, provides information that is helpful to understand
the financial condition of the Company. The objective of using working capital is to present readers with a view of the Company from
management&rsquo;s perspective by interpreting the material trends and activities that affect the liquidity and financial position of
the Company. This measure is not necessarily comparable to similarly titled measures used by other public companies.</FONT></P>

<P STYLE="font: 10pt Calibri, Helvetica, Sans-Serif; margin: 0 0 0pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font: 10pt Arial, Helvetica, Sans-Serif">
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-top: Black 1pt solid; color: Black; font-style: italic; border-bottom: Black 1pt solid">(in $ millions)</TD><TD STYLE="border-top: Black 1pt solid; color: Black; font-weight: bold; border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-top: Black 1pt solid; color: Black; font-weight: bold; text-align: right; border-bottom: Black 1pt solid">Apr 3, 2022</TD><TD STYLE="border-top: Black 1pt solid; color: Black; border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-top: Black 1pt solid; color: Black; text-align: right; border-bottom: Black 1pt solid"><P STYLE="margin-top: 0; margin-bottom: 0">Jan 2,</P>
                                                                                <P STYLE="margin-top: 0; margin-bottom: 0">2022</P></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="color: Black">&nbsp;</TD><TD STYLE="color: Black">&nbsp;</TD>
    <TD STYLE="color: Black; text-align: right">&nbsp;</TD><TD STYLE="color: Black">&nbsp;</TD>
    <TD STYLE="color: Black; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(198,244,249)">
    <TD STYLE="width: 76%; color: Black; text-align: left">Cash and cash equivalents</TD><TD STYLE="width: 2%; color: Black; font-weight: bold">&nbsp;</TD>
    <TD STYLE="width: 10%; color: Black; font-weight: bold; text-align: right">121.6</TD><TD STYLE="width: 2%; color: Black">&nbsp;</TD>
    <TD STYLE="width: 10%; color: Black; text-align: right">179.2</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="color: Black; text-align: left">Trade accounts receivable</TD><TD STYLE="color: Black; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: Black; font-weight: bold; text-align: right">460.7</TD><TD STYLE="color: Black">&nbsp;</TD>
    <TD STYLE="color: Black; text-align: right">330.0</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(198,244,249)">
    <TD STYLE="color: Black">Inventories</TD><TD STYLE="color: Black; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: Black; font-weight: bold; text-align: right">889.5</TD><TD STYLE="color: Black">&nbsp;</TD>
    <TD STYLE="color: Black; text-align: right">774.4</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="color: Black; text-align: left">Prepaid expenses, deposits and other current assets</TD><TD STYLE="color: Black; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: Black; font-weight: bold; text-align: right">181.7</TD><TD STYLE="color: Black">&nbsp;</TD>
    <TD STYLE="color: Black; text-align: right">163.7</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(198,244,249)">
    <TD STYLE="color: Black; text-align: left">Accounts payable and accrued liabilities</TD><TD STYLE="color: Black; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: Black; font-weight: bold; text-align: right">(439.4)</TD><TD STYLE="color: Black">&nbsp;</TD>
    <TD STYLE="color: Black; text-align: right">(440.4)</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="color: Black; text-align: left">Current portion of lease obligations</TD><TD STYLE="color: Black; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: Black; font-weight: bold; text-align: right">(14.6)</TD><TD STYLE="color: Black">&nbsp;</TD>
    <TD STYLE="color: Black; text-align: right">(15.3)</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(198,244,249)">
    <TD STYLE="color: Black; text-align: left">Income taxes payable</TD><TD STYLE="color: Black; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: Black; font-weight: bold; text-align: right">(11.2)</TD><TD STYLE="color: Black">&nbsp;</TD>
    <TD STYLE="color: Black; text-align: right">(7.9)</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="color: Black; text-align: left; border-bottom: Black 1pt solid">Dividends payable</TD><TD STYLE="color: Black; font-weight: bold; border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; color: Black; font-weight: bold; text-align: right">(32.0)</TD><TD STYLE="color: Black; border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; color: Black; text-align: right">&mdash;</TD></TR>
  <TR STYLE="border-bottom: Black 2pt solid; vertical-align: bottom; background-color: rgb(198,244,249)">
    <TD STYLE="color: Black; text-align: left">Working capital</TD><TD STYLE="color: Black; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: Black; font-weight: bold; text-align: right">1,156.3</TD><TD STYLE="color: Black">&nbsp;</TD>
    <TD STYLE="color: Black; text-align: right">983.7</TD></TR>
  </TABLE>

<P STYLE="font: 10pt Calibri, Helvetica, Sans-Serif; margin: 0 0 0pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 10pt Calibri, Helvetica, Sans-Serif; margin: 0 0 0pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black"><B>Caution
Concerning Forward-Looking Statements </B></FONT></P>

<P STYLE="font: 10pt Calibri, Helvetica, Sans-Serif; margin: 0 0 0pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black">Certain
statements included in this press release constitute &ldquo;forward-looking statements&rdquo; within the meaning of the U.S. Private
Securities Litigation Reform Act of 1995 and Canadian securities legislation and regulations and are subject to important risks, uncertainties,
and assumptions. This forward-looking information includes, amongst others, information with respect to our objectives and the strategies
to achieve these objectives, as well as information with respect to our beliefs, plans, expectations, anticipations, estimates, and intentions<FONT STYLE="background-color: white">,
</FONT>including, without limitation, our expectation with regards to net sales, gross margin, SG&amp;A expenses, restructuring and acquisition-related
costs, operating margin, adjusted operating margin, adjusted EBITDA, diluted earnings per share, adjusted diluted earnings per share,
income tax rate, free cash flow, return on net assets, net debt to adjusted EBITDA leverage ratios, capital return and capital investments
or expenditures, including our three-year financial outlook referenced in this press release under the section &ldquo;Current market
environment&rdquo;. Forward-looking statements generally can be identified by the use of conditional or forward-looking terminology such
as &ldquo;may&rdquo;, &ldquo;will&rdquo;, &ldquo;expect&rdquo;, &ldquo;intend&rdquo;, &ldquo;estimate&rdquo;, &ldquo;project&rdquo;,
&ldquo;assume&rdquo;, &ldquo;anticipate&rdquo;, &ldquo;plan&rdquo;, &ldquo;foresee&rdquo;, &ldquo;believe&rdquo;, or &ldquo;continue&rdquo;,
or the negatives of these terms or variations of them or similar terminology. We refer you to the Company&rsquo;s filings with the Canadian
securities regulatory authorities and the U.S. Securities and Exchange Commission, as well as the risks described under the &ldquo;Financial
risk management&rdquo;, &ldquo;Critical accounting estimates and judgments&rdquo;, and &ldquo;Risks and uncertainties&rdquo; sections
of our most recent Management&rsquo;s Discussion and Analysis for a discussion of the various factors that may affect the Company&rsquo;s
future results. Material factors and assumptions that were applied in drawing a conclusion or making a forecast or projection are also
set out throughout such document and this press release, including certain assumptions relating to the three-year financial outlook referenced
in this press release under the section &ldquo;Current market environment&quot; which were described in the Company's press release dated
February 23, 2022 under the section &quot;Gildan Sustainable Growth Strategy&rdquo;.</FONT></P>

<P STYLE="font: 10pt Calibri, Helvetica, Sans-Serif; margin: 0 0 0pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black">&nbsp;</FONT></P>

<P STYLE="font: 10pt Calibri, Helvetica, Sans-Serif; margin: 0 0 0pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black">Forward-looking
information is inherently uncertain and the results or events predicted in such forward-looking information may differ materially from
actual results or events. Material factors, which could cause actual results or events to differ materially from a conclusion, forecast,
or projection in such forward-looking information, include, but are not limited to:</FONT></P>

<P STYLE="font: 10pt Calibri, Helvetica, Sans-Serif; margin: 0 0 0pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black">&nbsp;</FONT></P>

<P STYLE="font: 10pt Calibri, Helvetica, Sans-Serif; margin: 0 0 0pt"><P STYLE="font: 10pt Calibri, Helvetica, Sans-Serif; margin: 0 0 0pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black"></FONT><P STYLE="font: 10pt Calibri, Helvetica, Sans-Serif; margin: 0"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B></B></FONT></P>

<P STYLE="font: 10pt Calibri, Helvetica, Sans-Serif; margin: 0"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B></B></FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&#183;</FONT></TD><TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">the
                                            magnitude and length of economic disruption as a result of the worldwide coronavirus (COVID-19)
                                            pandemic and the appearance of COVID variants, including the scope and duration of government
                                            mandated general, partial, or targeted private sector shutdowns, travel restrictions, social
                                            distancing measures, and the pace of mass vaccination campaigns;</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&#183;</FONT></TD><TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">changes
                                            in general economic and financial conditions globally or in one or more of the markets we
                                            serve, including those resulting from the impacts of the COVID-19 pandemic and the appearance
                                            of COVID variants, the current high inflationary environment and the ongoing Russia-Ukraine
                                            conflict and war;</FONT></TD></TR></TABLE>


<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-indent: -0.25in"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black"></FONT></P>

<!-- Field: Page; Sequence: 10 -->
    <DIV STYLE="margin-top: 6pt; margin-bottom: 6pt; border-bottom: Black 2px solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 33%">&nbsp;</TD><TD STYLE="font: 9pt Arial, Helvetica, Sans-Serif; width: 34%; text-align: center">Page <!-- Field: Sequence; Type: Arabic; Name: PageNo -->10<!-- Field: /Sequence --></TD><TD STYLE="width: 33%; text-align: right">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black"></FONT></P>

<P STYLE="font: 10pt Calibri, Helvetica, Sans-Serif; margin: 0 0 0pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black">&nbsp;</FONT></P>

<P STYLE="font: 10pt Calibri, Helvetica, Sans-Serif; margin: 0 0 0pt; text-align: justify"><P STYLE="font: 10pt Calibri, Helvetica, Sans-Serif; margin: 0 0 0pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black"></FONT></P>

<P STYLE="font: 10pt Calibri, Helvetica, Sans-Serif; margin: 0 0 0pt"><P STYLE="font: 10pt Calibri, Helvetica, Sans-Serif; margin: 0 0 0pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black"></FONT><P STYLE="font: 10pt Calibri, Helvetica, Sans-Serif; margin: 0"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B></B></FONT></P>

<P STYLE="font: 10pt Calibri, Helvetica, Sans-Serif; margin: 0"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B></B></FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&#183;</FONT></TD><TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">our
                                            ability to implement our growth strategies and plans, including our ability to bring projected
                                            capacity expansion online;</FONT></TD></TR>
<TR STYLE="vertical-align: top">
<TD></TD><TD><FONT STYLE="font-family: Symbol">&#183;</FONT></TD><TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">our
                                            ability to successfully integrate acquisitions and realize expected benefits and synergies;</FONT></TD></TR>
<TR STYLE="vertical-align: top">
<TD></TD><TD><FONT STYLE="font-family: Symbol">&#183;</FONT></TD><TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">the
                                            intensity of competitive activity and our ability to compete effectively;</FONT></TD></TR>
<TR STYLE="vertical-align: top">
<TD></TD><TD><FONT STYLE="font-family: Symbol">&#183;</FONT></TD><TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">our
                                            reliance on a small number of significant customers;</FONT></TD></TR>
<TR STYLE="vertical-align: top">
<TD></TD><TD><FONT STYLE="font-family: Symbol">&#183;</FONT></TD><TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">the
                                            fact that our customers do not commit to minimum quantity purchases;</FONT></TD></TR>
<TR STYLE="vertical-align: top">
<TD></TD><TD><FONT STYLE="font-family: Symbol">&#183;</FONT></TD><TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">our
                                            ability to anticipate, identify, or react to changes in consumer preferences and trends;</FONT></TD></TR>
<TR STYLE="vertical-align: top">
<TD></TD><TD><FONT STYLE="font-family: Symbol">&#183;</FONT></TD><TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">our
                                            ability to manage production and inventory levels effectively in relation to changes in customer
                                            demand;</FONT></TD></TR>
<TR STYLE="vertical-align: top">
<TD></TD><TD><FONT STYLE="font-family: Symbol">&#183;</FONT></TD><TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">fluctuations
                                            and volatility in the price of raw materials used to manufacture our products, such as cotton,
                                            polyester fibres, dyes and other chemicals from current levels;</FONT></TD></TR>
<TR STYLE="vertical-align: top">
<TD></TD><TD><FONT STYLE="font-family: Symbol">&#183;</FONT></TD><TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">our
                                            reliance on key suppliers and our ability to maintain an uninterrupted supply of raw materials,
                                            intermediate materials and finished goods;</FONT></TD></TR>
<TR STYLE="vertical-align: top">
<TD></TD><TD><FONT STYLE="font-family: Symbol">&#183;</FONT></TD><TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">the
                                            impact of climate, political, social, and economic risks, natural disasters, epidemics, pandemics
                                            and endemics, such as the COVID-19 pandemic, in the countries in which we operate or sell
                                            to, or from which we source production;</FONT></TD></TR>
<TR STYLE="vertical-align: top">
<TD></TD><TD><FONT STYLE="font-family: Symbol">&#183;</FONT></TD><TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">disruption
                                            to manufacturing and distribution activities due to such factors as operational issues, disruptions
                                            in transportation logistic functions, labour shortages or disruptions, political or social
                                            instability, weather-related events, natural disasters, epidemics and pandemics, such as
                                            the COVID-19 pandemic, and other unforeseen adverse events;</FONT></TD></TR>
<TR STYLE="vertical-align: top">
<TD></TD><TD><FONT STYLE="font-family: Symbol">&#183;</FONT></TD><TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">the
                                            impacts of the COVID-19 pandemic on our business and financial performance and consequently
                                            on our ability to comply with the financial covenants under our debt agreements;</FONT></TD></TR>
<TR STYLE="vertical-align: top">
<TD></TD><TD><FONT STYLE="font-family: Symbol">&#183;</FONT></TD><TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">compliance
                                            with applicable trade, competition, taxation, environmental, health and safety, product liability,
                                            employment, patent and trademark, corporate and securities, licensing and permits, data privacy,
                                            bankruptcy, anti-corruption, and other laws and regulations in the jurisdictions in which
                                            we operate;</FONT></TD></TR>
<TR STYLE="vertical-align: top">
<TD></TD><TD><FONT STYLE="font-family: Symbol">&#183;</FONT></TD><TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">the
                                            imposition of trade remedies, or changes to duties and tariffs, international trade legislation,
                                            bilateral and multilateral trade agreements and trade preference programs that the Company
                                            is currently relying on in conducting its manufacturing operations or the application of
                                            safeguards thereunder;</FONT></TD></TR>
<TR STYLE="vertical-align: top">
<TD></TD><TD><FONT STYLE="font-family: Symbol">&#183;</FONT></TD><TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">factors
                                            or circumstances that could increase our effective income tax rate, including the outcome
                                            of any tax audits or changes to applicable tax laws or treaties;</FONT></TD></TR>
<TR STYLE="vertical-align: top">
<TD></TD><TD><FONT STYLE="font-family: Symbol">&#183;</FONT></TD><TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">changes
                                            to and failure to comply with consumer product safety laws and regulations;</FONT></TD></TR>
<TR STYLE="vertical-align: top">
<TD></TD><TD><FONT STYLE="font-family: Symbol">&#183;</FONT></TD><TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">changes
                                            in our relationship with our employees or changes to domestic and foreign employment laws
                                            and regulations;</FONT></TD></TR>
<TR STYLE="vertical-align: top">
<TD></TD><TD><FONT STYLE="font-family: Symbol">&#183;</FONT></TD><TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">negative
                                            publicity as a result of actual, alleged, or perceived violations of human rights, labour
                                            and environmental laws or international labour standards, or unethical labour or other business
                                            practices by the Company or one of its third-party contractors;</FONT></TD></TR>
<TR STYLE="vertical-align: top">
<TD></TD><TD><FONT STYLE="font-family: Symbol">&#183;</FONT></TD><TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">changes
                                            in third-party licensing arrangements and licensed brands;</FONT></TD></TR>
<TR STYLE="vertical-align: top">
<TD></TD><TD><FONT STYLE="font-family: Symbol">&#183;</FONT></TD><TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">our
                                            ability to protect our intellectual property rights;</FONT></TD></TR>
<TR STYLE="vertical-align: top">
<TD></TD><TD><FONT STYLE="font-family: Symbol">&#183;</FONT></TD><TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">operational
                                            problems with our information systems as a result of system failures, viruses, security and
                                            cyber security breaches, disasters, and disruptions due to system upgrades or the integration
                                            of systems;</FONT></TD></TR>
<TR STYLE="vertical-align: top">
<TD></TD><TD><FONT STYLE="font-family: Symbol">&#183;</FONT></TD><TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">an
                                            actual or perceived breach of data security;</FONT></TD></TR>
<TR STYLE="vertical-align: top">
<TD></TD><TD><FONT STYLE="font-family: Symbol">&#183;</FONT></TD><TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">our
                                            reliance on key management and our ability to attract and/or retain key personnel;</FONT></TD></TR>
<TR STYLE="vertical-align: top">
<TD></TD><TD><FONT STYLE="font-family: Symbol">&#183;</FONT></TD><TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">changes
                                            in accounting policies and estimates; and</FONT></TD></TR>
<TR STYLE="vertical-align: top">
<TD></TD><TD><FONT STYLE="font-family: Symbol">&#183;</FONT></TD><TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">exposure
                                            to risks arising from financial instruments, including credit risk on trade accounts receivables
                                            and other financial instruments, liquidity risk, foreign currency risk, and interest rate
                                            risk, as well as risks arising from commodity prices.</FONT></TD></TR>
</TABLE>

<P STYLE="margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Calibri, Helvetica, Sans-Serif; margin: 0 0 0pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black">These
factors may cause the Company&rsquo;s actual performance and financial results in future periods to differ materially from any estimates
or projections of future performance or results expressed or implied by such forward-looking statements. Forward-looking statements do
not take into account the effect that transactions or non-recurring or other special items announced or occurring after the statements
are made may have on the Company&rsquo;s business. For example, they do not include the effect of business dispositions, acquisitions,
other business transactions, asset write-downs, asset impairment losses, or other charges announced or occurring after forward-looking
statements are made. The financial impact of such transactions and non-recurring and other special items can be complex and necessarily
depends on the facts particular to each of them.</FONT></P>

<P STYLE="font: 10pt Calibri, Helvetica, Sans-Serif; margin: 0 0 0pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black">&nbsp;</FONT></P>

<P STYLE="font: 10pt Calibri, Helvetica, Sans-Serif; margin: 0 0 0pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black">&nbsp;</FONT></P>

<P STYLE="font: 10pt Calibri, Helvetica, Sans-Serif; margin: 0 0 0pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black"></FONT></P>

<!-- Field: Page; Sequence: 11 -->
    <DIV STYLE="margin-top: 6pt; margin-bottom: 6pt; border-bottom: Black 2px solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 33%">&nbsp;</TD><TD STYLE="font: 9pt Arial, Helvetica, Sans-Serif; width: 34%; text-align: center">Page <!-- Field: Sequence; Type: Arabic; Name: PageNo -->11<!-- Field: /Sequence --></TD><TD STYLE="width: 33%; text-align: right">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Calibri, Helvetica, Sans-Serif; margin: 0 0 0pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black">&nbsp;</FONT></P>

<P STYLE="font: 10pt Calibri, Helvetica, Sans-Serif; margin: 0 0 0pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black">There
can be no assurance that the expectations represented by our forward-looking statements will prove to be correct. The purpose of the
forward-looking statements is to provide the reader with a description of management&rsquo;s expectations regarding the Company&rsquo;s
future financial performance and may not be appropriate for other purposes. Furthermore, unless otherwise stated, the forward-looking
statements contained in this report are made as of the date hereof, and we do not undertake any obligation to update publicly or to revise
any of the included forward-looking statements, whether as a result of new information, future events, or otherwise unless required by
applicable legislation or regulation. The forward-looking statements contained in this report are expressly qualified by this cautionary
statement.</FONT></P>

<P STYLE="font: 10pt Calibri, Helvetica, Sans-Serif; margin: 0 0 0pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black">&nbsp;</FONT></P>

<P STYLE="font: 10pt Calibri, Helvetica, Sans-Serif; margin: 0 0 0pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black"><B>About
Gildan</B></FONT></P>

<P STYLE="font: 10pt Calibri, Helvetica, Sans-Serif; margin: 0 0 0pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black">Gildan
is a leading manufacturer of everyday basic apparel which markets its products in North America, Europe, Asia Pacific, and Latin America,
under a diversified portfolio of Company-owned brands, primarily including Gildan&reg;, American Apparel&reg;, Comfort Colors&reg;, GOLDTOE&reg;,
Peds&reg;, and under the Under Armour&reg; brand through a sock licensing agreement for exclusive distribution in the United States and
Canada. The Company&rsquo;s product offerings include activewear, underwear and socks, sold to wholesale imprintables distributors and
national accounts which include large screenprinters or embellishers, retailers and global lifestyle brand companies.</FONT></P>

<P STYLE="font: 10pt Calibri, Helvetica, Sans-Serif; margin: 0 0 0pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black">&nbsp;</FONT></P>

<P STYLE="font: 10pt Calibri, Helvetica, Sans-Serif; margin: 0 0 0pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black">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.</FONT></P>

<P STYLE="font: 10pt Calibri, Helvetica, Sans-Serif; margin: 0 0 0pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black">&nbsp;</FONT></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="width: 46%"><P STYLE="font: 10pt Calibri, Helvetica, Sans-Serif; margin: 3.75pt 0 0pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black"><B>Investor
                           inquiries:</B></FONT></P>
    <P STYLE="font: 10pt Calibri, Helvetica, Sans-Serif; margin: 0 0 0pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black">Sophie
    Argiriou</FONT></P>
    <P STYLE="font: 10pt Calibri, Helvetica, Sans-Serif; margin: 0 0 0pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black">Vice
    President, Investor Communications</FONT></P>
    <P STYLE="font: 10pt Calibri, Helvetica, Sans-Serif; margin: 0 0 0pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black">(514)
    343-8815</FONT></P>
    <P STYLE="font: 10pt Calibri, Helvetica, Sans-Serif; margin: 0 0 0pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black"><U>sargiriou@gildan.com</U></FONT></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black">&nbsp;</FONT></P></TD>
    <TD STYLE="width: 54%"><P STYLE="font: 10pt Calibri, Helvetica, Sans-Serif; margin: 3.75pt 0 0pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black"><B>Media
                           inquiries:</B></FONT></P>
    <P STYLE="font: 10pt Calibri, Helvetica, Sans-Serif; margin: 0 0 0pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black">Genevieve
    Gosselin</FONT></P>
    <P STYLE="font: 10pt Calibri, Helvetica, Sans-Serif; margin: 0 0 0pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black">Director,
    Global Communications and Corporate Marketing</FONT></P>
    <P STYLE="font: 10pt Calibri, Helvetica, Sans-Serif; margin: 0 0 0pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black">(514)
    343-8814</FONT></P>
    <P STYLE="font: 10pt Calibri, Helvetica, Sans-Serif; margin: 0 0 0pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black"><U>ggosselin@gildan.com</U></FONT></P>
    <P STYLE="font: 10pt Calibri, Helvetica, Sans-Serif; margin: 0 0 0pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black">&nbsp;</FONT></P></TD></TR>
  </TABLE>
<P STYLE="font: 10pt Calibri, Helvetica, Sans-Serif; margin: 0 0 0pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black">&nbsp;</FONT></P>

<P STYLE="font: 10pt Calibri, Helvetica, Sans-Serif; margin: 0 0 0pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black"></FONT></P>

<!-- Field: Page; Sequence: 12; Options: Last -->
    <DIV STYLE="margin-top: 6pt; margin-bottom: 6pt; border-bottom: Black 2px solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 33%">&nbsp;</TD><TD STYLE="font: 9pt Arial, Helvetica, Sans-Serif; width: 34%; text-align: center">Page <!-- Field: Sequence; Type: Arabic; Name: PageNo -->12<!-- Field: /Sequence --></TD><TD STYLE="width: 33%; text-align: right">&nbsp;</TD></TR></TABLE></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Calibri, Helvetica, Sans-Serif; margin: 0 0 0pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black">&nbsp;</FONT></P>

</BODY>
</HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>3
<FILENAME>image_001.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 image_001.jpg
M_]C_X  02D9)1@ ! 0$ 8 !@  #_VP!#  H'!P@'!@H(" @+"@H+#A@0#@T-
M#AT5%A$8(Q\E)"(?(B$F*S<O)BDT*2$B,$$Q-#D[/CX^)2Y$24,\2#<]/CO_
MVP!# 0H+"PX-#AP0$!P[*"(H.SL[.SL[.SL[.SL[.SL[.SL[.SL[.SL[.SL[
M.SL[.SL[.SL[.SL[.SL[.SL[.SL[.SO_P  1" != H0# 2(  A$! Q$!_\0
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M@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH ****
M"BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH *
M*** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HH
MHH **** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH **** "BBB
M@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH ****
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MDWL)U)12YEU/3([B&8D131R%>NU@<4\D 9)P*\Q^$@ U+6\#'*?^A-7H]_\
M\@ZY_P"N3?R-14I\D^4NG/GAS!]OL_\ G[@_[^"I(IX9L^5*DF.NQ@<5XWX
M\&:;XIM+N2^DGC:W=57R6 R",\Y!K2\3>!#X3L/[<T+4;I&MF!D#,,@$XR"
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M>%-,CT'3M4U'6+BW_M!6*1PV1EVX.#D@U-L/:]OP*O7O:_XEK_A:WB7TLO\
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M3J?_ $#;S_P'?_"C^R=3_P"@;>?^ [_X4<T>X<K[%6BK7]DZG_T#;S_P'?\
MPH_LG4_^@;>?^ [_ .%'-'N'*^Q5HJU_9.I_] V\_P# =_\ "C^R=3_Z!MY_
MX#O_ (4<T>X<K[%6BK7]DZG_ - V\_\  =_\*/[)U/\ Z!MY_P" [_X4<T>X
M<K[%6BK7]DZG_P! V\_\!W_PH_LG4_\ H&WG_@._^%'-'N'*^Q5HJU_9.I_]
M V\_\!W_ ,*/[)U/_H&WG_@._P#A1S1[AROL5:*M?V3J?_0-O/\ P'?_  H_
MLG4_^@;>?^ [_P"%'-'N'*^Q5HJU_9.I_P#0-O/_  '?_"C^R=3_ .@;>?\
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M9.I_] V\_P# =_\ "C^R=3_Z!MY_X#O_ (4<T>X<K[%6BK7]DZG_ - V\_\
M =_\*/[)U/\ Z!MY_P" [_X4<T>X<K[%6BK7]DZG_P! V\_\!W_PH_LG4_\
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M@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH ****
M"BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH *
M*** "DI:* "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH **** "B
MBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH ***
M* "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH
K **** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH **** /_V0$!

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