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Investor Presentaiton

3 Articulate Viable Long-Term Strategy As a result of the Board's missteps, GameStop's credibility has been destroyed • Various stakeholders have embraced negative perceptions of GameStop Customers question the long-term sustainability of the PowerUp Rewards program and whether trade-in commitments will be honored - Slow drip of store closures has eroded employee morale and led them to question their job security Vendors have discounted GameStop's involvement in their future Debt holders have an unreasonable concern of potential insolvency These factors have likely contributed to over a 100% short interest and stock price decline of 85% in the past five years restore Source: Hestia/Permit Diligence; Company's public filings, Capital IQ. GameStop 55
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