THE GAP, INC. AND SUBSIDIARIES COMPUTATION OF EARNINGS PER SHARE Fifty-two weeks ended January 29, 1994 January 30, 1993 February 1, 1992 Net earnings ($000) $258,424 $210,701 $229,873 Weighted average shares of common stock outstanding during the period 144,841,137 143,672,924 142,139,577 Add incremental shares from assumed exercise of stock options (primary) 687,009 1,054,393 1,396,912 subtotal 145,528,146 144,727,317 143,536,489 Primary earnings per share $1.78 $1.46 $1.60 Weighted average shares of common stock outstanding during the period 144,841,137 143,672,924 142,139,577 Add incremental shares from assumed exercise of stock options (fully diluted) 973,372 1,083,742 1,481,455 subtotal 145,814,509 144,756,666 143,621,032 Fully-diluted earnings per share $1.77 $1.46 $1.60 Note: The information provided in the exhibit is presented in accordance with Regulation S-K, Item 601(b)(11), while net earnings per share on the Consolidated Statements of Earnings is presented in accordance with APB Opinion 15. This information is not required under APB Opinion 15, as the difference between primary and fully - diluted earnings per share and earnings per share calculated on a weighted average shares basis is less than 3%.