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News Release

Lowe's Companies, Inc. Declares Cash Dividend

MOORESVILLE, N.C., Nov. 15 /PRNewswire-FirstCall/ -- The Board of Directors for Lowe's Companies, Inc. (NYSE: LOW) has declared a quarterly cash dividend of six cents ($0.06) per share, payable February 3, 2006, to shareholders of record as of January 20, 2006.

(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 1,150 home improvement stores in 49 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.
    -0-                             11/15/2005
    /CONTACT: Shareholders-Analysts, Paul Taaffe, +1-704-758-2033, or Media,
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
SU:  DIV

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1436 11/15/2005 17:00 EST http://www.prnewswire.com