Gap Inc. Provides Update on Planned Separation and Outlines Strategic Priorities

As part of its Meet the Management investor event today, Gap Inc. GPS executives will provide an update on the company's planned separation into two independent publicly traded companies, as well as an overview of strategic priorities for the new Gap Inc. and Old Navy on a stand-alone basis.

Today's event will feature presentations from the following executives:

• Art Peck, Gap Inc. President and Chief Executive Officer
• Teri List-Stoll, Gap Inc. Executive Vice President and Chief Financial Officer
• Sonia Syngal, Old Navy President and Chief Executive Officer

Each executive's presentation will be made available for download on our dedicated transaction website, gapinc.transactionannouncement.com, following the event at approximately 12:00 p.m. Eastern Time.

A live webcast of the event will be accessible beginning at approximately 9:00 a.m. Eastern Time today. A replay of this event will be available at the investors section of www.gapinc.com.

About Gap Inc.

Gap Inc. is a leading global retailer offering clothing, accessories, and personal care products for men, women, and children under the Old Navy, Gap, Banana Republic, Athleta, Intermix, Janie and Jack, and Hill City brands. Fiscal year 2018 net sales were $16.6 billion. Gap Inc. products are available for purchase in more than 90 countries worldwide through company-operated stores, franchise stores, and e-commerce sites. For more information, please visit www.gapinc.com.

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