Investor Presentaiton

GameStop Has Been in a Downward Trajectory For Years 5-year stock performance $200 +94% 4.8x +79% $150 $100 $50 -85% TEV / LTM EBITDA multiple 3.5x 3.6x 2.8x 2.5x 2.2x $0 Jan-15 Jan-16 Jan-17 Jan-18 Jan-19 Jan-20 Jan-15 Jan-16 Jan-17 Jan-18 Jan-19 Jan-20 GME S&P 500 Index Dow Jones Specialty Retailers Index $100 invested on January 30, 2015, in GameStop would have been worth just $14.64 on January 31, 2020... ...as GameStop's multiple suggests declining investor faith in the Company's future restore GameStop Source: FactSet, Capital IQ. Note: Jan-15 through Jan-20 represents the last trading day of the calendar year. 67 57

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