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GameStop Corp. IPO Priced at $18.00 Per Share

GRAPEVINE, Texas--(BUSINESS WIRE)--Feb. 12, 2002--GameStop Corp. (NYSE:GME), today announced that the initial public offering of 18,055,555 shares of its Class A common stock was priced at $18.00 per share.

GameStop Corp. also has granted the underwriters an over-allotment option to acquire an additional 2,708,333 shares at the initial public offering price. The newly issued shares are scheduled to begin trading tomorrow, February 13, on the New York Stock Exchange under the symbol "GME."

Net proceeds of the offering of approximately $300 million will be used to repay $250 million of indebtedness to Barnes & Noble and for working capital and general corporate purposes.

Salomon Smith Barney and UBS Warburg will act as joint lead managers for the offer.

A registration statement relating to these securities was filed and declared effective by the Securities and Exchange Commission. This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. The offering of these securities will be made only by means of a prospectus, copies of which may be obtained from Salomon Smith Barney, Brooklyn Army Terminal, 140 58th Street, 8th Floor, Brooklyn, NY 11220.

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CONTACT: GameStop Corp.
Media Contact:
Lori M. Milovich, 817/424-2130
or
Investor Contact:
Barnes & Noble, Inc.
Mary Ellen Keating, 212/633-3323