Aug 13 (Reuters) - Gildan Activewear Inc ( GIL ):

* GILDAN AND HANESBRANDS AGREE TO COMBINE TO CREATE A GLOBAL

BASIC

APPAREL LEADER

* HANESBRANDS INC ( HBI ) - DEAL VALUED AT $2.2 BILLION EQUITY, $4.4

BILLION ENTERPRISE

* HANESBRANDS INC ( HBI ) - EXPECTED $200 MILLION ANNUAL COST

SYNERGIES

WITHIN THREE YEARS

* HANESBRANDS INC ( HBI ) - SHAREHOLDERS TO RECEIVE 0.102 GILDAN

SHARES,

$0.80 CASH

* HANESBRANDS INC ( HBI ) - SHAREHOLDERS TO OWN 19.9% OF GILDAN

SHARES

* HANESBRANDS INC ( HBI ) - GILDAN OBTAINS $2.3 BILLION COMMITTED

DEAL

FINANCING

* HANESBRANDS INC ( HBI ) - OFFER IMPLIES $6.00 PER HANESBRANDS

SHARE, 24%

PREMIUM

* HANESBRANDS INC ( HBI ): GILDAN IS REAFFIRMING ITS FULL YEAR 2025

REVENUE AND EPS GUIDANCE

* HANESBRANDS INC ( HBI ): GILDAN OUTLOOK 2026-2028 NET SALES GROWTH

AT

COMPOUND ANNUAL GROWTH RATE IN 3-5% RANGE

* HANESBRANDS INC ( HBI ): GILDAN INTENDS TO INITIATE REVIEW OF

STRATEGIC

ALTERNATIVES FOR HANESBRANDS AUSTRALIA, INCLUDING SALE OR OTHER

TRANSACTION

* HANESBRANDS INC ( HBI ): DEAL EXPECTED TO BE IMMEDIATELY ACCRETIVE

TO

GILDAN'S ADJUSTED DILUTED EPS

* HANESBRANDS INC ( HBI ): GILDAN OUTLOOK 2026-2028 ADJUSTED DILUTED

EPS

CAGR IN LOW 20% RANGE

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