Investor Presentaiton

Permit and Hestia Have Ideas to Help Correct Underperformance Drivers of Long-Term Underperformance Permit and Hestia Response Value Creation Opportunity 1 Bloated Cost Structure Aggressively Reduce SG&A 2 Undisciplined Capital Allocation Address Liquidity Concerns 3 Poor Strategy and Strategic Focus 4 Lack of Shareholder Advocacy 5 Poor Culture and Leadership restore GameStop Articulate Long-Term Strategy Align Compensation with Shareholders Establish Corporate Culture Which Values All Stakeholders restore GameStop SIGNIFICANT UPSIDE 49

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