Investor Presentaiton

Despite Low Stock Price, Capital Markets Are Betting Against GameStop GameStop has the highest short interest amongst its self-defined peer group, nearly double its next closest peer 22% 23% 24% 24% 20% 8% 9% 10% 11% 11% 12% 13% 14% 6% 1% 1% 3% 3% 4% ROSS DRESS FOR LESS* 51% 101% O'Reilly Advance Auto Partsl AutoZone Office DEPOT OfficeMax Lbrands BR WILLIAMS Gap Inc. TIFFANY KOHLS [db] Foot Locker DICK'S NORDSTROM SIGNET MICHAELS Abercrombie. BED BATH & GameStop ascena NITA at BEYOND I " POWER TO THE PLAYERS restore GameStop Source: GameStop proxy statements, Capital IQ. Note: Data as of February 28, 2020. Peer Group as defined on page 5. 22 22

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