Gap Inc.

September 21, 2007

SAN FRANCISCO – Sept. 21, 2007 -- Gap Inc. (NYSE: GPS) announced today that Todd Oldham will team with Old Navy to serve as the brand’s design creative director, effective Oct. 1. Mr. Oldham will divide his time between New York City and San Francisco and play a key role in developing and implementing the merchandise creative direction at Old Navy.

Todd plans to also develop and launch a line of merchandise under the Todd Oldham name to be sold exclusively at Old Navy stores in the future.

“Todd’s successful career in fashion and design has distinguished him as an innovative creative thinker who also understands how to appeal to a broad audience,” said Dawn Robertson, president, Old Navy. “He understands and appreciates Old Navy’s new positioning and fashion potential and will help elevate and evolve Old Navy.”

“Todd is a great fit for Old Navy, and this is a huge win for both of us. His appointment will help us strengthen our focus on creativity and innovation to inspire and excite our customers. Todd will partner with our EVP Product, Doug Howe, and the creative team to deliver a fashion viewpoint at value that will set Old Navy apart from its competitors,” said Robertson.

"I'm thrilled to be working with the Old Navy team and am so looking forward to help guide the creative direction of such an esteemed brand that means so much to literally millions of customers each week,” said Mr. Oldham. “It is very exciting for me to step back into fashion with such a far reaching and forward leaning company as Old Navy."

Todd will begin his engagement with Old Navy on Oct. 1. 

About Todd Oldham
Todd is a well-known designer whose career spans more than 20 years. Distinguished as an innovator of accessible design, Todd Oldham is the founder of Todd Oldham Studio, a multifaceted, full-service design studio.

Originally a New York fashion designer, and the host of "Todd Time" on MTV's House of Style, Todd's career has evolved to include all areas of design, from interior design, film and photography, to furniture, graphic art, and a collection of floral designs for Todd is the author of Hand Made Modern, and has hosted HGTV's "Hand Made Modern" series of specials. In 2002 and 2003 Todd designed his own line of dorm room furnishings for Target.

Todd makes regular appearances on NBC's Today Show and is currently the host of Top Design, Bravo's newest reality competition series spotlighting interior design. He designed The Hotel in South Beach as well as The Fairfax Hotel, to open in South Beach in 2008. Other projects include a 400 page monograph on the life's work of artist Charley Harper published by AMMO BOOKS.

About Gap Inc. and Old Navy
Gap Inc. is a leading international specialty retailer offering clothing, accessories and personal care products for men, women, children and babies under the Gap, Banana Republic, Old Navy and Piperlime brand names. Fiscal 2006 sales were $15.9 billion. Gap Inc. operates more than 3,100 stores in the United States, the United Kingdom, Canada, France, Ireland and Japan. In addition, Gap inc. is expanding its international presence with franchise agreements for Gap and Banana Republic in Asia and the Middle East.

Since 1994, Old Navy has brought customers on-trend apparel and accessories at amazing prices, all in a fun, energizing shopping environment. From graphic tees and cargos to the latest styles and washes in denim, Old Navy delivers fashion moments for women, men, kids and babies.

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