Gap (GPS)

Diane Neal Promoted to Lead Gap Inc.’s Outlet Division

SAN FRANCISCO — April 18, 2005 — Gap Inc. (NYSE: GPS) today announced that Cynthia Harriss, President of Gap Inc. Outlet, has been named President of Gap brand, effective May 2, 2005. In her new role, Harriss will oversee all aspects of Gap brand in North America, including Gap Adult, GapKids, babyGap and GapBody.

Harriss will report to Gap Inc. President and CEO Paul Pressler and continue to serve on the company’s Executive Leadership Team.

“Through her 30 years of retail experience, Cynthia has demonstrated that she is a strong operator and merchant, as well as an exceptional leader with a track record of inspiring and developing great teams,” said Pressler. “During her successful tenure leading our Outlet division, Cynthia gained a deep understanding of our brands. I am confident in her ability to lead the evolution of Gap, as we position it for the future.”

“I am proud to have the opportunity to lead one of America’s most iconic brands, and look forward to working with Gap’s talented team to take the brand forward,” said Harriss.

Harriss, 53, joined Gap Inc. in February 2004, as President of Gap Inc.’s Outlet division, where she oversaw all aspects of the division, supporting nearly 250 outlet stores across the United States.

Previously, she held the position of President of the Disneyland Resort division of The Walt Disney Company, and served as Senior Vice President of Stores for The Disney Store. Before Disney, she spent 19 years with Paul Harris Stores in various merchandising management and operational capacities, including Vice President, General Merchandise Manager and Senior Vice President of Stores.

Harriss is filling a position that was vacated when former Gap President, Gary Muto, took on the position of President for Gap Inc.’s new fourth brand in September 2004.