Investor Presentaiton
GameStop's Board Changes Index to Manufacture "Tangible Results"
Every year since 2003, GameStop compared its
performance to the Dow Jones Specialty Retailers Index,
including as recently as March 2020
Last week, for the first time EVER, the Board tried to
shift shareholder focus to the Russell 2000 Index
This shift in the index to which GameStop compares
itself appears to be an attempt to mislead
stockholders about its performance
150
50
14%
130
10000
2012.02
GameSlop
Electronics Boutique
S&P 500 Index
Dow Jones Speanty Retaile
LOOK
$300
$250
$200
$150
$100
550
50
2/1/2013
1/31/2014
DOLLARS
200
100
50
--GME
S&P 500 Index
- Dow Jones Specialty Retailers Index
-°
A
STRATEGIC PLAN BEGINNING TO DELIVER TANGIBLE RESULTS
Total Shareholder Return Since Announcement of GameStop Reboot
9/12
212/2019
1/12/2020
2/1/2008
1/30/2009
1/29/2010
17/28/2011
1/27/2012
2/1/2013
GME
100 47.18 37.64
S&P 500 Index
100
76.96
1/28/2011 1/27/2012
39.95 46.31
91.47
48.78
02
108.44
Dow Jones Specialty Retailers Index
100
62.62
90.57
139.75
-06
Source: Factset
-Russell 2000
xan
From Sept. 12, 2019 throuy 19, 2020. Peers Include: Abercromb & Fitch, Bed Bath & Beyond, Ascena Retail
Group, Designer Pm, Dick's Sporting Goods, Signet welers Limited, Michaels Companies, Urban
Outfitters C
and Williams-Sonoma
GameStop
POWER TO THE PLAYERS
Dow Jones Specialty Retailers
Russell 2000 -16%
GameStop
-20%
-3%
0%
18%
20%
GME
S&P 500 Index
1/30/2015
1/25/2016
127/2017
21/2/2018
E&P 500 Index Dow Jones Specialty Retailers Index
1/27/2017
2/1/2013
1/21/2014
1/21/2015
1/29/2016
zzzza
100.00 $
100.00 $
146.50
117.81
152.39 $
34.57
136 49
Dow Jonas Specialty Retailers
indext
$
100.00 $ 127.80 $
159.15 $
163.09 $ 188.21 $
244.29
GME
131 84 9 128.22 $ 151.45 $
252019
112000
Doy Jon cy
1/27/2017
1/2/201
21.2010
Dow Jones Specialty Retailers index
100.00 $77.00 $ 75.38 5
100.00 $
12004 5
100.00 $ 103.02 $119.63 5
147.35 5
178.40 103.73
S&P 500 Index
MISLEADING
Total Shareholder Return
Sept. 12, 2019 (GameStop's chosen start date) to May 19, 2020
Stockholders should not trust a Board that shifts comparison from an index GameStop has continuously used for 17
years in an attempt to make GameStop appear to be a better performer as the annual meeting approaches
restore
GameStop
Source Factset; 2003 proxy statement p.12; 2008 proxy statement p. 18; 2013 10-K p. 28; 2018 10-K p. 17; 2020 10-K p.14
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