Gap Inc. (NYSE: GPS) today announced its board of directors has authorized a fourth quarter fiscal year 2021 dividend of $0.12 per share, payable on or after January 26, 2022 to shareholders of record at the close of business on January 5, 2022.

About Gap Inc.

Gap Inc., a collection of purpose-led lifestyle brands, is the largest American specialty apparel company offering clothing, accessories, and personal care products for men, women, and children under the Old Navy, Gap, Banana Republic, and Athleta brands. The company uses omni-channel capabilities to bridge the digital world and physical stores to further enhance its shopping experience. Gap Inc. is guided by its purpose, Inclusive, by Design, and takes pride in creating products and experiences its customers love while doing right by its employees, communities, and planet. Gap Inc. products are available for purchase worldwide through company-operated stores, franchise stores, and e-commerce sites. Fiscal year 2020 net sales were $13.8 billion. For more information, please visit www.gapinc.com.

Investor Relations Contact: Steve Austenfeld (415) 427-1807 Investor_relations@gap.com

Media Relations Contact: Megan Foote (415) 832-1989 Press@gap.com

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