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Lowe's Companies, Inc. Declares Cash Dividend

MOORESVILLE, N.C., March 21, 2005 /PRNewswire-FirstCall via COMTEX/ -- The Board of Directors for Lowe's Companies, Inc. (NYSE: LOW) has declared a quarterly cash dividend of four cents ($0.04) per share, payable April 29, 2005, to shareholders of record as of April 15, 2005.

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

With fiscal year 2004 sales of $36.5 billion, Lowe's Companies, Inc. is a FORTUNE(R) 50 company that serves approximately 11 million customers a week at more than 1,075 home improvement stores in 48 states. Based in Mooresville, N.C., the 59-year old company is the second-largest home improvement retailer in the world. For more information, visit Lowes.com

SOURCE Lowe's Companies, Inc.

Shareholders and Analysts, Paul Taaffe, +1-704-758-2033, or Media, Chris Ahearn,
+1-704-758-2304, both of Lowe's Companies, Inc.
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