GARAN INC

election_required = True..., 2001. Odd Lots ...................... There will be no proration of Shares tendered by any shareholder owning beneficially or of record fewer than 100 Shares who properly tenders all Shares owned, does not properly withdraw any Shares owned, and checks the "Odd Lots" box in the Letter of Transmittal. See Section 1. Further Developments Regarding the Offer .......... Call the Information Agent or consult your broker. S-2 TO HOLDERS OF COMMON STOCK OF GARAN, INCORPORATED: INTRODUCTION Garan, Incorporated, a Virginia corporation ("Company"), invites its shareholders to tender shares of its Common Stock ("Shares") at prices not in exces...

expiry = 2001-06-06...chase Rights) At A Purchase Price Not In Excess Of $30 Nor Less Than $26 Net Per Share -------------------------------------------------------------------------------- THE OFFER AND WITHDRAWAL RIGHTS EXPIRE AT 5:00 P.M., NEW YORK CITY TIME, ON WEDNESDAY, JUNE 6, 2001, UNLESS THE OFFER IS EXTENDED. -------------------------------------------------------------------------------- Garan, Incorporated, a Virginia corporation ("Company"), hereby invites its shareholders to tender shares of its Common Stock (...

mechanism = FIXED...dividend when it is paid regardless of whether such shareholders tender their Shares pursuant to the Offer either before or after such date. On April 24, 2000, the Company purchased 250,000 Shares in a single block purchase from an institutional investor at a purchase price of $21.375 per Share, which was the market price on the AMEX for Shares at the time of the purchase. The Company has not purchased any other Shares during the past two years. 9. SOURCE AND AMOUNT OF FUNDS. Assuming the Company purchases 700,000 Shares pursuant to the Offer at a price of $30 net per Share or $26 net per Share, the total amount required by the...

must_tender_all = True...er the Expiration Date. However, if so many conditional tenders would be deemed withdrawn that the total number of Shares to be purchased falls below 700,000 Shares, then, to the extent feasible, the Company will identify conditional tenders from shareholders who tender all of their Shares and will select enough of such conditional tenders which would otherwise have been deemed withdrawn to purchase such desired number of Shares. In selecting among such conditional tenders, the Company will select by random lot. IN THE EVENT OF PRORATION, ANY SHARES TENDERED PURSUANT TO A CONDITIONAL TENDER FOR WHICH THE MINIMUM REQUIREMEN...

no_priority = True...rovided the amount of additional Shares does not exceed 2% of the outstanding Shares. See Section 15. In the event of an over-subscription of the Offer as described below, Shares tendered at or below the Purchase Price prior to the Expiration Date, except for Odd Lots as explained below, will be subject to proration. The proration factor will be determined, if necessary, by the Company as soon as practicable after the Expiration Date. The Company will select the lowest Purchase Price that will allow it to buy 700,000 Shares (or such lesser number of Shares as are properly tendered at prices not in excess of $30 nor less than $26 net per Share). All...

threshold = 100...ividend of $.25 per share to be paid on May 18, 2001, regardless whether such shareholders tender their Shares pursuant to the Offer before or after May 10, 2001. Odd Lots ...................... There will be no proration of Shares tendered by any shareholder owning beneficially or of record fewer than 100 Shares who properly tenders all Shares owned, does not properly withdraw any Shares owned, and checks the "Odd Lots" box in the Letter of Transmittal. See Section 1. Further Developments Regarding the Offer .......... Call the Information Agent or consult your broker. S-2 TO HOLDERS OF COMMON STOCK OF GARAN, INCORPORATED: INTRODUCTION Garan, In...

txn_type = TENDER_OFFEREX-99.(A)(1)(I) 2 file002.txt OFFER TO PURCHASE GARAN, INCORPORATED Offer To Purchase For Cash Up To 700,000 Shares Of Its Common Stock (Including the Associated Common Stock Purchase Rights) At A Purchase Price Not In Excess Of $30 Nor Less Than $26 Net Per Share -------------------------------------------------------------------------------- THE OFFER AND WITHDRAWAL RIGHTS EXPIRE AT...