THE GAP, INC. AND SUBSIDIARIES COMPUTATION OF EARNINGS PER SHARE Fifty-two weeks ended January 28, January 29, January 30, 1995 1994 1993 Net earnings ($000) $320,240 $258,424 $210,701 Weighted average shares of common stock outstanding during the period 145,570,538 144,841,137 143,672,924 Add incremental shares from assumed exercise of stock options (primary) 574,059 687,009 1,054,393 146,144,597 145,528,146 144,727,317 Primary earnings per share $ 2.19 $ 1.78 $ 1.46 Weighted average shares of common stock outstanding during the period 145,570,538 144,841,137 143,672,924 Add incremental shares from assumed exercise of stock options (fully-diluted) 589,416 973,372 1,083,742 146,159,954 145,814,509 144,756,666 Fully-diluted earnings per share $ 2.19 $ 1.77 $ 1.46 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 share basis is less than 3%.