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Investor Presentaiton

GameStop's Board Changes Dates to Manufacture "Tangible Results" TIMELINE OF GAMESTOP'S ENGAGEMENT & STRATEGIC EFFORTS Appointment of Carrie Teffner to the Board. Aug 16 2018 New leade hip appoint mens of Jim, Announcement of Bell as End Co, GameStop Reboot Hestiarmit contacted Chris Homeer as EVP Hestia submits letter to the Board Appointment of George Sherman as new CEO Feb 12 Mar 21 and CMO, nd Frank Hamlin as E and CCO May 30 strategic plan Sep 10 Ms. nn to join its slate of directors. Ms. Cnn declined. Feb 26 2019 Jan 16 Mar 14 Apr 19 Nun 11 Sale of Hestia-Permit announce Appointment Spring Mobile for $700 million intention to nominate Mr. director candidates on with a-Permit Hestia-Permit filed a preliminary proxy statement nominating Mr. Wolf of Hestia and Mr. Evans to the Board at the 2020 AGM 2020 Apr 3 Commement of modified Dut auction" tender offer for up to 12,000,000 shares Mar 9 Announces appointment of three new independent. directors to the Board and corporate governance enhancements MISLEADING STRATEGIC PLAN BEGINNING TO DELIVER TANGIBLE RESULTS 0.6 0.4 0.2 Total Shareholder Return Since Announcement of GameStop Reboot 0 9/12/20 11/12/201 2/12/2019 1/12/2020 2/12/2020 4/12/2020 5/12/200 -0.2 -0.6 -0.8 Source: Factset -GameStop -Russell 2000 Peer Median From Sept. 12, 2019 throug May 19, 2020. Peers Include: Abercrombie & Fitch, Bed Bath & Beyond, Ascena Retail Group, Designer Brands, Nordstrom, Dick's Sporting Goods, Signet Jewelers Limited, Michaels Companies, Urban Outfitters, Gap, Office Dept and Williams-Sonoma restore GameStop GameStop POWER TO THE PLAYERS GameStop POWER TO THE PLAYERS 18 Source: Factset. The "Peers" include the companies cited by the Company on its slide. Peers Russell 2000 GameStop -10.0% Total Shareholder Return Sept. 10, 2019 to Sept. 12, 2019 0.2% 2.1% -12% -10% -8% -6% -4% -2% 0% 2% 4% GameStop's Board claims the announcement of the "GameStop Reboot" Plan is the right starting date for measuring the performance of the new Board and plan But the Board used a chart that begins not when the plan was announced, but rather (without any explanation) two days later, which allows GameStop to avoid the 10% stock drop that occurred immediately after the plan was announced The Board seems to be intentionally trying to mislead stockholders by choosing a more favorable date to remove a 10% loss which occurred after its strategy was announced 4
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