WINSTON-SALEM, N.C. (Sept. 28, 2006) – Hanesbrands Inc. (NYSE:HBI), a leading marketer of innerwear, outerwear and hosiery apparel, today filed its annual report on Form 10-K for the fiscal year ended July 1, 2006, with the Securities and Exchange Commission. The report includes audited combined and consolidated financial statements for the past three fiscal years when Hanesbrands operated as Sara Lee Corporation’s branded apparel business in the Americas and Asia. Hanesbrands previously filed with the SEC its historical and unaudited pro forma combined and consolidated financial statements for the 39 weeks ended April 1, 2006. Those results are contained in the company’s Registration Statement on Form 10, which was declared effective by the SEC on Aug. 11, 2006.

Hanesbrands Inc. began operating as a separate independent publicly traded company on Sept. 5, 2006, and regular trading in its common stock on the New York Stock Exchange began Sept. 6, 2006.

Highlights of the fiscal 2006 results include:

Net sales of $4.47 billion were down from $4.68 billion in fiscal year 2005. The decrease was primarily a result of discontinuing low-margin product lines and lower sales of sheer hosiery.

Income from operations increased by 20.6 percent to $433.6 million from $359.5 million a year ago. The increase was primarily due to higher restructuring costs a year ago and lower cotton costs, reduced inventory costs and improved selling, general and administrative expenses as a result of a lower cost structure in 2006.

Net income increased to $322.5 million from $218.5 million last year. Fiscal 2006 benefited from increased income from operations and a lower income tax rate.

As an independent company, Hanesbrands will report results for the fiscal 2007 first quarter, which ends Sept. 30, 2006, by early November.

Hanesbrands Inc.

Hanesbrands Inc. is a leading marketer of innerwear, outerwear and hosiery apparel under strong consumer brands, including Hanes, Champion, Playtex, Bali, Just My Size, barely there and Wonderbra. The company designs, manufactures, sources and sells T-shirts, bras, panties, men’s underwear, children’s underwear, socks, hosiery, casualwear and activewear. Hanesbrands has approximately 50,000 employees in 24 countries.

Hanesbrands will provide its shareholders with copies of its annual report on Form 10-K upon request, free of charge. More information about Hanesbrands, including copies of the company’s annual report on Form 10-K and all of the company’s other filings with the SEC, may be found on the Hanesbrands internet Web site at http://www.hanesbrands.com.

Cautionary Statement Concerning Forward-Looking Statements
All statements contained in this press release, other than statements of historical fact, are forward-looking statements, including those regarding our launch as an independent company and the benefits expected from that launch. These statements speak only as of the date of this press release, are based on our current plans and expectations, and involve risks and uncertainties that could cause actual future events or results to be different than those described in or implied by such forward-looking statements. These risks and uncertainties include those relating to our ability to migrate our production and manufacturing operations to lower-cost centers around the world; the highly competitive and evolving nature of the industry in which we compete; our ability to effectively manage our inventory and reduce inventory reserves; any loss of or reduction in sales to any of our top customers; risks associated with our foreign operations or foreign supply sources; the impact of economic and business conditions and industry trends in the countries in which we operate our supply chain; any failure by us to protect against dramatic changes in the volatile market price of cotton; our substantial debt and debt-service requirements that restrict our operating and financial flexibility and impose significant interest and financing costs; future financial performance, including availability, terms and deployment of capital; and the outcome of any pending or threatened litigation. Further information about these matters can be found in our Securities and Exchange Commission filings. We expressly disclaim any intent or obligation to update these forward-looking statements, other than as required by law.