Gap Inc.

November 18, 2008

SAN FRANCISCO – November 18, 2008 – Gap Inc. (NYSE: GPS) today announced that its board of directors voted a quarterly dividend of $0.085 per share payable on January 28, 2009 to shareholders of record at the close of business on January 7, 2009.

About Gap Inc.
Gap Inc. is a leading global specialty retailer offering clothing, accessories and personal care products for men, women, children and babies under the Gap, Banana Republic, Old Navy, Piperlime and Athleta brand names. Fiscal 2007 sales were $15.8 billion. Gap Inc. operates more than 3,100 stores in the United States, the United Kingdom, Canada, France, Japan and Ireland. In addition, Gap Inc. is expanding its international presence with franchise agreements in Asia, Europe, Latin America and the Middle East. For more information, please visit gapinc.com.

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