0001047469-04-035736 Sample Contracts

SHAREHOLDER RIGHTS PLAN AGREEMENT BETWEEN GILDAN ACTIVEWEAR INC. and COMPUTERSHARE TRUST COMPANY OF CANADA, as Rights Agent DATED AS OF DECEMBER 1, 2004
Rights Plan Agreement • December 2nd, 2004 • Gildan Activewear Inc • Apparel & other finishd prods of fabrics & similar matl • Quebec

The Board of Directors has determined that it is advisable to adopt a shareholder rights plan (the "Rights Plan") to ensure, to the extent possible, that all shareholders of the Corporation are treated fairly in connection with any take-over offer or other acquisition of control of the Corporation.

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