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News Release

Lowe's Companies, Inc. Declares Cash Dividend

MOORESVILLE, N.C., Aug. 25 /PRNewswire-FirstCall/ -- The Board of Directors for Lowe's Companies, Inc. (NYSE: LOW) has declared a quarterly cash dividend of eight and one-half cents ($0.085) per share, payable October 31, 2008, to shareholders of record as of October 17, 2008.

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

With fiscal year 2007 sales of $48.3 billion, Lowe's Companies, Inc. is a FORTUNE(R) 50 company that serves approximately 14 million customers a week at more than 1,575 home improvement stores in the United States and Canada. 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.

SOURCE  Lowe's Companies, Inc.
    -0-                             08/25/2008
    /CONTACT:  Shareholders' or Analysts' Inquiries: Robbin Moore-Randolph,
+1-704-758-3579; or Media Inquiries: Chris Ahearn, +1-704-758-2304, both for
Lowe's Companies, Inc. /
    /Photo:  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:  HOU REA
SU:  DIV

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7852 08/25/2008 09:00 EDT http://www.prnewswire.com