Investor Presentaiton

Reactive Not Proactive to Shareholder Concerns Over the last two years, many of the significant changes from the Board came after shareholder pressure Date of demand GameStop response Shareholder(s) Shareholder demand Date of response May 16, 2018 Tiger Management Sell the noncore Tech Brands division January 16, 2019 Spring Mobile was sold for $700 million February 12, 2019 Hestia Implement significant SG&A cost savings April 2, 2019 Announced plan to reduce SG&A by $100 million February 12, 2019 Hestia Initiate tender offer to repurchase undervalued shares June 10, 2019 March 13, 2019 Permit and Hestia Add new directors with the ability to lead a turnaround effort April 24, 2019 July 22, 2019 Permit and Hestia Sell the 22-seat luxury Bombardier CL-604 private jet December 11, 2019 August 16, 2019 Scion Asset Management Utilize the remaining $237.6mm share buyback authorization December 11, 2019 September 12, 2019 Permit and Hestia Individual members of the Board should personally purchase shares Late September 2019 Announced tender offer of up to 12 million shares Appointment of Raul Fernandez and Liz Dunn to the Board of Directors Reported the jet as an asset held for sale in Q3 2019 10-Q Repurchased 22.6 million shares at an average price of $5.11 Five Directors purchased almost 96,268 shares, at a total value of $483,286 restore GameStop Source: Press releases, March 12, 2020 Investor Group letter to GameStop Board of Directors. 31

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