Conference Calls and Webcasts

Date Title Add to Calendar Remind Me Prior to Event 08/16/12 5:00 p.m. ET Q2 2012 Gap Inc. Earnings Conference Call days

Forward-Looking Statements

The information on this website may contain forward-looking statements within the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995. All statements other than those that are purely historical are forward-looking statements. Words such as “expect,” “anticipate,” “believe,” “estimate,” “intend,” “plan,” “project,” and similar expressions also identify forward-looking statements.

Because these forward-looking statements involve risks and uncertainties, there are important factors that could cause the company's actual results to differ materially from those in the forward-looking statements. These factors include, without limitation, the following:

• the risk that the adoption of new accounting pronouncements will impact future results;
• the risk that changes in general economic conditions or consumer spending patterns could adversely impact our results of operations;
• the highly competitive nature of our business in the United States and internationally;
• the risk that we or our franchisees will be unsuccessful in gauging apparel trends and changing consumer preferences;
• the risk to our business associated with global sourcing and manufacturing, including sourcing costs, events causing disruptions in product shipment, or an inability to secure sufficient manufacturing capacity;
• the risk that our efforts to expand internationally may not be successful;
• the risk that our franchisees will be unable to successfully open, operate, and grow the Company's franchised stores or operate their stores in a manner consistent with our requirements regarding our brand identities and customer experience standards;
• the risk that we or our franchisees will be unsuccessful in identifying, negotiating, and securing new store locations and renewing, modifying, or terminating leases for existing store locations effectively;
• the risk that comparable sales and margins will experience fluctuations;
• the risk that changes in our credit profile or deterioration in market conditions may limit our access to the capital markets and adversely impact our financial results and our ability to service our debt while maintaining other initiatives;
• the risk that trade matters could increase the cost or reduce the supply of apparel available to us and adversely affect our business, financial condition, and results of operations;
• the risk that updates or changes to our information technology ("IT") systems may disrupt our operations;
• the risk that our IT services agreement with IBM could cause disruptions in our operations and have an adverse effect on our financial results;
• the risk that actual or anticipated cyber attacks, and other cybersecurity risks, may cause us to incur increasing costs;
• the risk that natural disasters, public health crises, political crises, or other catastrophic events could adversely affect our operations and financial results;
• the risk that acts or omissions by our third-party vendors, including a failure to comply with our code of vendor conduct, could have a negative impact on our reputation or operations;
• the risk that we do not repurchase some or all of the shares we anticipate purchasing pursuant to our repurchase program;
• the risk that we will not be successful in defending various proceedings, lawsuits, disputes, claims, and audits; and
• the risk that changes in the regulatory or administrative landscape could adversely affect our financial condition, strategies, and results of operations.

Additional information regarding factors that could cause results to differ can be found in the company’s most recent Annual Report on Form 10-K. Readers should also consult the company’s most recent quarterly report on Form 10-Q.

The company assumes no obligation to publicly update or revise its forward-looking statements even if experience or future changes make it clear that any projected results expressed or implied therein will not be realized.