CSR Press Release

SAN FRANCISCO - In response to the devastation caused by Hurricanes Charley, Frances and Ivan, Gap Foundation has pledged $50,000 to the American Red Cross to aid its disaster relief efforts.

Gap Foundation also announced plans to further assist relief efforts by doubling matches for Gap Inc. employee contributions. The Foundation's Gift Match program, which offers a dollar-for-dollar match for all part- and full-time Gap Inc. employees around the world, will be increased to match two-for-one for contributions made by employees to the American Red Cross' Disaster Relief Fund. In addition, for every 15 hours an employee volunteers with the Red Cross, Gap Foundation will contribute $300.

"In these times, we offer our support to our customers and employees throughout Florida as they cope with the aftermath of the recent storms," said Dotti Hatcher, Vice President, Gap Foundation and Gap Inc. Community Relations. "The generosity of our employees around the world, and our commitment to the efforts of the American Red Cross, will help bring these communities much-needed relief as they work to rebuild."

About Gap Foundation
Since 1976, Gap Foundation, the charitable arm of Gap Inc. representing Gap, Banana Republic and Old Navy, has spearheaded the company's community invovlement efforts through grants, in-kind donations, community outreach and employee volunteer programs. The Foundation primarily supports organizations focused on children, youth and families.

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