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Investor Presentaiton

About Permit Capital and Hestia PERMIT CAPITAL Enterprise Fund . GameStop stockholder since 2011 . Never led an activist investment campaign previously Founded in 2005 and managed by John Broderick, Permit pursues a fundamentals-based, value-oriented investment strategy Concentrated portfolio with a long-term investment horizon Investment experience in distressed debt, private equity, venture capital and public markets restore GameStop HESTIA • GameStop stockholder since 2012 • Never led an activist investment campaign previously • Founded in 2009 by Kurt Wolf, Hestia pursues a long-term focused, deep value-based investment strategy • Concentrated portfolio rooted in competitive strategy • Investment experience in venture capital and public markets Leverages its General Partner's experience as an entrepreneur and management consultant Together, Permit and Hestia own approximately 7.2% of GameStop shares outstanding 6
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