Lowe's announces additional Canadian store sites

    Home improvement retailer to open three additional locations in fourth

    TORONTO, July 21 /CNW/ - Lowe's Companies Canada, ULC (Lowe's) announced
today plans to open three additional stores in Canada by the end of the fourth
quarter of fiscal 2008. Stores are expected to open in Belleville, Whitby and
South Windsor, Ontario. Additional sites remain in the pipeline.
    "Lowe's commitment to serving our customers throughout Canada continues
with these additional locations in Ontario," said Don T. Stallings, president,
Lowe's of Canada. "As we have promised our Canadian customers, we will
continue delivering outstanding prices, products and the unparalleled customer
service for which we're known. We intend to become customers' first choice for
home improvement needs."
    Lowe's opened its first three Canadian locations in December 2007 (South
Brampton, Brantford and Hamilton) and four additional locations in February
2008 (North Brampton, East Gwillimbury, Maple and Toronto). Each store
provides 117,000 square feet of retail sales space, with an additional,
adjacent garden center of approximately 31,000 square feet. Each Lowe's
location creates up to 175 local jobs and represents an average investment of
more than $18,529,600 CDN ($18.5 million USD).
    To date, Lowe's and Lowe's Charitable and Educational Foundation have
contributed nearly $600,000 (CDN) to community improvement projects throughout
Ontario, including $500,000 (CDN) to the YMCA of Greater Toronto.
    Lowe's currently operates more than 1,550 stores, employing more than
215,000 people. Lowe's offers comprehensive benefits for regular full-time and
part-time positions. For more information, visit www.lowes.ca/careers.

    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.
Lowe's operates more than 1,550 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.ca.

For further information:

For further information: Maureen Rich, Lowe's Companies, Inc., (704)
758-2298, Maureen.a.rich@lowes.com

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