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News Release

Lowe's Companies, Inc. Declares a 22% Increase in Its Quarterly Cash Dividend

MOORESVILLE, N.C., May 28, 2010 (BUSINESS WIRE) --The Board of Directors for Lowe's Companies, Inc. (NYSE: LOW) has declared a 22% increase in its quarterly cash dividend to eleven cents ($0.11) per share, payable August 4, 2010, to shareholders of record as of July 21, 2010. Lowe's has declared a cash dividend each quarter since going public in 1961.

With fiscal year 2009 sales of $47.2 billion, Lowe's Companies, Inc. is a FORTUNE(R) 50 company that serves approximately 15 million customers a week at more than 1,700 home improvement stores in the United States, Canada and Mexico. 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.

Lowe's Companies, Inc.
Shareholders'/Analysts' Inquiries:
Robbin Moore-Randolph, 704-758-3579
or
Media Inquiries:
Chris Ahearn, 704-758-2304