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GPS » Topics » Insider Trading Policies.

This excerpt taken from the GPS 8-K filed Feb 12, 2008.
Insider Trading Policies. Based on the level of your position, you will be subject to Gap Inc.'s Securities Law Compliance Manual, which among other things places restrictions on your ability to buy and sell Gap Inc. stock and requires you to pre-clear trades. If you do not already have a copy of the compliance manual, or have questions about it, you should contact Ingrid Freire in Gap Inc. Stock Administration, at (415) 427-4697.

Sabrina Simmons
February 4, 2008
Page Four

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