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News Release

Lowe's Companies, Inc. Invites You to Join Its First Quarter 2003 Earnings Results Conference Call on the Web

WILKESBORO, N.C., May 12, 2003 /PRNewswire-FirstCall via COMTEX/ -- In conjunction with Lowe's Companies, Inc. (NYSE: LOW) First Quarter 2003 earnings press release, you are invited to listen to its conference call that will be broadcast live over the internet on Monday, May 19, 2003 at 9:00 a.m. Eastern Time with: Robert L. Tillman, chairman of the board and chief executive officer; Robert A. Niblock, president; and Robert F. Hull, Jr. senior vice president and chief financial officer, of Lowe's Companies, Inc.

    (Photo:  NewsCom:  http://www.newscom.com/cgi-bin/prnh/20000720/LOWES )

    What:    First Quarter 2003 Earnings Release

    When:    9:00 a.m. Eastern Time on Monday, May 19, 2003

    Where:   http://www.Lowes.com
             Click on About Lowe's
             Click on Investor Information
             Click on Shareholder Services, Calendar of Events

    How:     Live over the Internet -- Simply log on to the web at the
             address above or dial 888-817-4020 (International callers dial
             706-679-3245).

    Contact: Paul Taaffe (336) 658-5239

With 2002 sales of $26.5 billion, Lowe's Companies, Inc. is a FORTUNE 100 company that serves approximately nine million customers a week at more than 850 home improvement stores in 45 states. In 2003, FORTUNE named Lowe's America's Most Admired Specialty Retailer. Based in Wilkesboro, N.C., the 57- year old company is the second-largest home improvement retailer in the world. For more information, visit Lowes.com

A webcast replay of the call will be available and can be accessed by visiting www.Lowes.com, clicking on About Lowe's, Investor Information, Shareholder Services, Calendar of Events. The webcast replay will begin at 12:00 Noon on May 19, 2003 and will be available for 7 days. A telephone replay of the conference call is scheduled to begin at 12:00 Noon on May 19, 2003 and will be available until May 21, 2003, at 12:00 midnight. To hear the replay dial 800-642-1687 or (706) 645-9291 (conference ID: 9803939).

(Minimum Requirements to listen to broadcast: The Windows Media Player software, downloadable free from http://www.microsoft.com/windows/windowsmedia/EN/default.asp, and at least a 28.8 Kbps connection to the Internet. If you experience problems listening to the broadcast, send an email to webcastsupport@tfprn.com.)

SOURCE Lowe's Companies, Inc.

Paul Taaffe of Lowe's Companies, Inc., +1-336-658-5239
/Photo:  NewsCom:  http://www.newscom.com/cgi-bin/prnh/20000720/LOWES
AP Archive:  http://photoarchive.ap.org
PRN Photo Desk, 888-776-6555 or 212-782-2840
http://www.lowes.com