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News Release

Lowe's Companies, Inc. Prices $1.3 Billion Notes Offering

MOORESVILLE, N.C., Sept. 6 /PRNewswire-FirstCall/ -- Lowe's Companies, Inc. (NYSE: LOW) announced today that it has agreed to sell $550 million of 5.60% Notes due 2012, $250 million of 6.10% Notes due 2017 and $500 million of 6.65% Notes due 2037. The net proceeds of the notes offering will be used for general corporate purposes, including capital expenditures and working capital needs, and to finance repurchases of Lowe's common stock. Closing is expected to occur on September 11, 2007.

(Logo: http://www.newscom.com/cgi-bin/prnh/20031205/LOWLOGO )

JPMorgan, Merrill Lynch & Co., and Wachovia Securities are acting as joint book-running managers for the notes offering. This offering was made under an effective registration statement on file with the Securities and Exchange Commission. This press release is not an offer to sell nor is it a solicitation of an offer to buy any securities. Any offers to sell, or solicitations to buy, will be made solely by means of a prospectus and related prospectus supplement filed with the Securities and Exchange Commission. A copy of the prospectus and related prospectus supplement for this offering may be obtained from your salesperson at J.P. Morgan Securities Inc., 270 Park Avenue, High Grade Syndicate Desk - 8th floor, New York, NY 10017; Merrill Lynch, Pierce, Fenner & Smith Incorporated, 4 World Financial Center, Prospectus Department, New York, NY 10080; or Wachovia Securities, Debt Syndicate, 301 South College St., 7th Floor, Charlotte, NC 28288.

About Lowe's

With fiscal year 2006 sales of $46.9 billion, Lowe's Companies, Inc. is a FORTUNE(R) 50 company that serves approximately 13 million customers a week at more than 1,425 home improvement stores in 49 states. Founded in 1946 and based in Mooresville, N.C., Lowe's is the second-largest home improvement retailer in the world. For more information, visit Lowes.com.

Included herein are forward-looking statements, including statements with respect to an anticipated financing. There are many factors that affect management's views about future events and trends of the business and operations of the Company, including changes to the economy and the market for the offering, all as more thoroughly described in the prospectus and related prospectus supplement and the Company's filings with the Securities and Exchange Commission. The Company does not undertake any obligation to update forward-looking information made in this release or any of its public filings.

SOURCE  Lowe's Companies, Inc.
    -0-                             09/06/2007
    /CONTACT:  Shareholders' and Analysts' Inquiries, Robbin Moore-Randolph,
+1-704-758-3579, or Media Inquiries, Chris Ahearn, +1-704-758-2304, both of
Lowe's Companies, Inc./
    /Photo:  NewsCom:  http://www.newscom.com/cgi-bin/prnh/20031205/LOWLOGO
              AP Archive:  http://photoarchive.ap.org
              PRN Photo Desk, photodesk@prnewswire.com/
    /Web site:  http://www.lowes.com/
    (LOW)

CO:  Lowe's Companies, Inc.
ST:  North Carolina
IN:  REA CST
SU:  OFR

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9384 09/06/2007 17:21 EDT http://www.prnewswire.com