Gap Inc. Appoints Brian Goldner to Its Board of Directors

Hasbro, Inc. CEO Brings More Than Three Decades Leadership
Experience, Including a Focus on Transformative Change and Digital
Innovation

SAN FRANCISCO–(BUSINESS WIRE)–Gap
Inc.
(NYSE:GPS) today announced that Brian Goldner has been elected
to serve on the Gap Inc. board of directors, effective August 12, 2016.

Mr. Goldner, 53, is currently chairman, president and chief executive
officer of Hasbro, Inc. Since joining the company in 2000 and taking on
the role of president and chief executive officer in 2008, Mr. Goldner
has driven Hasbro’s evolution from a traditional toy and game company to
a branded-play company through the global reinvention of Hasbro’s
portfolio.

“Brian’s ability to drive transformative change is impressive, as his
leadership has enabled Hasbro to emerge as one of the most profitable
and forward-thinking companies in the toy and game industry,” said Bob
Fisher, chairman of the board, Gap Inc. “We look forward to leveraging
Brian’s drive for innovation, as we accelerate our efforts to win in
this next era of retail.”

During his tenure at Hasbro, Mr. Goldner has been credited for driving
the company’s successful digital strategy, including digital gaming,
marketing and e-commerce, as well as its burgeoning lifestyle licensing
business. He also spearheaded Hasbro’s entry into entertainment across a
variety of platforms, including the formation of a joint venture with
Discovery Communications to create a television network for kids and
families and orchestrating major deals with motion picture studios to
create movies based on Hasbro’s best known brands.

Prior to being named chief executive officer, Mr. Goldner served in
numerous leadership roles at Hasbro including chief operating officer
and president of the company’s Toy segment globally, as well as U.S.
Toys.

“I’m honored to join Gap Inc.’s board of directors as the company
tackles rapid and exciting change in the retail industry,” said Mr.
Goldner. “I look forward to working with Art Peck and the board to
contribute to the company’s next phase of growth.”

Previously, Mr. Goldner was executive vice president and chief operating
officer of Tokyo-based toy and entertainment company, Bandai America.
Earlier in his career, he held a number of management positions in the
advertising and marketing industry, where he led accounts for some of
the world’s most recognizable entertainment and consumer-goods brands.

In addition to being a member of Hasbro’s board of directors, Mr.
Goldner has served on the board of The Miriam Hospital and The Rhode
Island Hospital, both in Providence, RI. He is a member of the Producers
Guild of America and sits on the board of trustees at Moses Brown School
in Providence, RI.

Mr. Goldner is a graduate of Dartmouth College and the Executive
Education Program at the Amos Tuck School.

About Gap Inc.

Gap Inc. is a leading global retailer offering clothing, accessories,
and personal care products for men, women, and children under the Gap,
Banana Republic, Old Navy, Athleta, and Intermix brands. Fiscal year
2015 net sales were $15.8 billion. Gap Inc. products are available for
purchase in more than 90 countries worldwide through about 3,300
company-operated stores, about 450 franchise stores, and e-commerce
sites. For more information, please visit www.gapinc.com.

Contacts

Gap Inc.
Investor Relations Contact:
Jack Calandra,
415-427-1726
Investor_relations@gap.com
or
Media
Relations Contact:

Kari Shellhorn, 415-427-1805
Press@gap.com