GameStop Corp. (NYSE: GME), the world’s largest video game and entertainment software retailer, today announced that it has entered into an agreement to purchase The Gamesman,
New Zealand’s largest independent gaming specialist.

The eight Gamesman video game stores will expand GameStop’s presence in New Zealand to a total of 38 stores, bringing the total store count to 308 in Australia and New Zealand. GameStop operates over 5,400 locations worldwide under the GameStop and EB Games brands.

Stephen Wilson, Managing Director, EB Games New Zealand and Australia commented, “We are very excited about the union of EB Games and Gamesman. Both companies and their staff have a passion for games and now we can bring together the best of both retailers to offer our customers the finest in service and products, both new and pre-owned.”

Phil McPhee, General Manager at The Gamesman, remarked, “We would like to thank our customers and staff for their support. This move will enhance the service and experience for customers, and our staff will benefit from the support structure and career opportunities available through GameStop.”

Subject to the satisfaction of customary closing conditions, the transaction is expected to close in mid-July, 2008.

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