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News Release

Lowe's Companies, Inc. Declares Cash Dividend

MOORESVILLE, N.C., Nov. 17 /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 January 30, 2009, to shareholders of record as of January 16, 2009.

(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 1,600 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-                             11/17/2008
    /CONTACT:  Shareholders'-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 HOU
SU:  DIV

JT-AZ
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9600 11/17/2008 16:30 EST http://www.prnewswire.com