VOTE ON THE BLUE PROXY CARD
The Board urges stockholders to not return or otherwise vote any White proxy card sent by the
Dissident Stockholders.
The Board believes that GameStops highly qualified and experienced slate is best positioned to oversee the continued
successful execution of GameStops Reboot plan and deliver substantial value to ALL of GameStops stockholders.
Forward-Looking
Statements
This press
release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements are based upon managements current beliefs, views, estimates and expectations, including as to the
Companys industry, business strategy, goals and expectations concerning its market position, future operations, margins, profitability, capital expenditures, liquidity and capital resources and other financial and operating information,
including expectations as to future operating profit improvement. Such statements include without limitation those about the Companys expectations for fiscal 2020, future financial and operating results, projections, expectations and other
statements that are not historical facts. All statements regarding targeted and expected benefits of our transformation, the GameStop Reboot plan, capital allocation, profit improvement and cost-savings initiatives, and expected fiscal 2020 results,
are forward-looking statements. Forward-looking statements are subject to significant risks and uncertainties and actual developments, business decisions and results may differ materially from those reflected or described in the forward-looking
statements. The following factors, among others, could cause actual results to differ materially from those reflected or described in the forward-looking statements: the uncertain impact, effects and results of pursuit of operating, strategic,
financial and structural initiatives, including the GameStop Reboot strategic plan; volatility in capital and credit markets, including changes that reduce availability, and increase costs, of capital and credit; the impact of the COVID-19 outbreak on capital markets and our business; our inability to obtain sufficient quantities of product to meet consumer demand, including due to supply chain disruptions on account of trade restrictions,
political instability, COVID-19, labor disturbances and product recalls; the timing of release and consumer demand for new and pre-owned products; our ability to
continue to expand, and successfully open and operate new stores for our collectibles business; risks associated with achievement of anticipated financial and operating results from acquisitions; our ability to sustain and grow our console digital
video game sales; our ability to establish and profitably maintain the appropriate mix of digital and physical presence in the markets we serve; our ability to assess and implement technologies in support of our omnichannel capabilities; the impact
of goodwill and intangible asset impairments; cost reduction initiatives, including store closing costs; risks related to changes in, and our continued retention of, executives and other key personnel and our ability to attract and retain qualified
employees in all areas of the organization; changes in consumer preferences and economic conditions; increased operating costs, including wages; disruptions to our information technology systems including but not limited to security breaches of
systems protecting consumer and employee information or other types of cybercrimes or cybersecurity attacks; risks associated with international operations; increased competition and changing technology in the video game industry; changes in
domestic or foreign laws and regulations that reduce consumer demand for, or increase prices of, our products or otherwise
The GameStop Board Recommends Stockholders
Vote on the BLUE Proxy Card, via the internet or telephone or by mail by promptly Signing and Dating
the enclosed BLUE Proxy Card and Returning it in the enclosed postage-paid envelope