Investor Presentaiton

2 Address Liquidity Concerns • Develop and quickly implement significant cost cuts and a meaningful profit improvement plan • Take advantage of current market discount for the March 2021 Senior Notes, by executing open market purchases · Explore opportunities to improve short-term liquidity through ABL to provide bridge financing - - Identify unencumbered assets, such as the corporate jet and real estate, to leverage as part of an expanded revolver or short- term stand alone debt facility. Amend the borrowing base limitations and upsize the ABL revolver, which is currently limited to $420 million - even if rate increases Extend the maturity date of the ABL revolver due in November 2022 Aggressively pursue new debt issuance to refinance the Senior Notes - We believe GameStop can support a $400 million new issuance at a reasonable interest rate if the company can demonstrate immediate steps have been taken to significantly reduce corporate costs The benefit of removing GME's potential liquidity concern likely far exceeds any downside associated with higher cost debt Explore sale of non-core assets restore Source: Stockholder Group analysis GameStop 52

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