Gap Inc.’s Commitment to Equality Recognized with 2016 Catalyst Award

Prestigious award highlights Gap Inc.’s leadership on equal pay for
equal work, strong representation of women at all levels, and commitment
to advancing the lives of one million women through P.A.C.E., Gap Inc.’s
education and life skills program

SAN FRANCISCO–(BUSINESS WIRE)–Gap Inc. (NYSE: GPS) announced that Chief Executive Officer Art Peck
will today accept the prestigious 2016 Catalyst Award on the company’s
behalf at the 2016 Catalyst Awards event held in New York City. In
selecting Gap Inc. for this year’s Award, Catalyst, a leading nonprofit
organization accelerating progress for women, recognizes Gap Inc.’s
culture of equality and dedicated efforts related to the advancement of
women, including employees, customers, and within the broader community.

Today, women make up more than 70 percent of Gap Inc.’s worldwide
employee base, including a similar percent of its store managers and the
CEO’s senior leadership team. Additionally, women currently lead four
out of five Gap Inc. brands. In 2014, Gap Inc. became the first Fortune
500 company to announce that it pays female and male employees equally
for equal work around the world.

The Catalyst Award also recognizes Gap Inc.’s signature education and
life skills program for women, called P.A.C.E., which stands for
Personal Advancement & Career Enhancement. P.A.C.E. is currently active
in 12 countries. More than 35,000 women have participated in the program
since 2007, and Gap Inc. has made a commitment to scale and expand the
program to reach one million women by the end of 2020.

“Gap Inc. is committed to a culture of equality, where everyone has the
opportunity to stand as equals and thrive,” said Art Peck, chief
executive officer of Gap Inc. “This tradition was established by our
co-founders Doris and Don Fisher, who opened the first Gap store in 1969
as equal partners. We are honored and grateful to receive the 2016
Catalyst Award, and we remain committed to the values of equality and
inclusion, which unlock new possibilities for our company and the people
touched by our business around the world.”

The annual award from Catalyst recognizes organizations whose innovative
approaches result in proven, measurable results that advance the
recruitment, development, and advancement of women in the workplace. For
the first time since the inception of the Catalyst award, Gap Inc. is
the sole company to be honored by the organization in a given year and
has become the first company from the fashion industry to be recognized
by Catalyst. During the event, the Right Honorable Justin Trudeau, Prime
Minister of Canada, will also receive a special commendation from
Catalyst for his leadership in advancing diversity and gender equality.

Catalyst Award-winning initiatives are evaluated in a rigorous, yearlong
process against criteria such as strategy and rationale, senior
leadership activities, accountability and transparency, communication,
employee engagement, innovation, and measureable results. Since 1987,
Catalyst has recognized 85 initiatives at 79 organizations from around
the world.

“We celebrate the groundbreaking efforts of Prime Minister Trudeau and
Art Peck and his leadership team at Gap Inc.,” says Deborah Gillis,
President & CEO, Catalyst. “They have worked tirelessly to take
intentional and deliberate steps that help to ensure that women have
equal opportunities to advance to leadership. They come from different
sectors, but share a commitment to gender parity, demonstrated by senior
teams where women and men are equally represented. We need global
leaders and companies like them more than ever. They’ve set an example
for the world, prioritizing inclusion and celebrating differences—and
inspiring others to fight for gender equality and equal pay.”

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, over 400 franchise stores, and e- commerce
sites. For more information, please visit www.gapinc.com.

ABOUT CATALYST

Founded in 1962, Catalyst is the leading nonprofit organization
accelerating progress for women through workplace inclusion. With
operations in the United States, Canada, Europe, India, Australia, and
Japan, and more than 800 supporting
organizations, Catalyst is the trusted resource for research,
information, and advice about women at work.

Contacts

Gap Inc.
Laura Wilkinson, 415-427-5335
Press@gap.com