Lowe's reveals three sites for previously announced expansion

    Home improvement retailer to open Oshawa and Scarborough locations in

    TORONTO, Feb. 3 /CNW/ - Lowe's Companies Canada, ULC (Lowe's) today
announced three locations for continued expansion in Canada by the end of the
second quarter of fiscal 2009. Stores are under construction in South Oshawa
(685 Laval Drive), North Scarborough (6500 Steeles Avenue East) and West
Scarborough (800 Warden Avenue), Ontario.
    "Lowe's commitment to serving our customers throughout Canada continues
with these additional locations in Oshawa and Scarborough," said Don T.
Stallings, president, Lowe's Canada. "We have 11 store locations open today,
making it even more convenient for residents to take advantage of the Home
Renovation Tax Credit and protect their greatest asset - their homes."
    Lowe's opened its first three Canadian locations in December 2007 (South
Brampton, Brantford and Hamilton) and has 11 operating stores throughout
Canada. Each store provides 117,000 square feet of retail sales space, with an
additional, adjacent garden center of approximately 31,000 square feet. A
store of this size represents an average investment in the community of
approximately $23 million(1) and creates up to 175 jobs. Individuals may view
available positions and apply online at www.lowes.ca/careers.
    To date, Lowe's and Lowe's Charitable and Educational Foundation have
contributed more than $825,000 (CDN) to community improvement projects
throughout Ontario, including $500,000 (CDN) to the YMCA of Greater Toronto.
    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 1,625 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.

                           FAST FACTS ABOUT LOWE'S:

    -   Opened first Canada store in 2007; Currently has 11 stores in Canada
    -   Employs approximately 215,000 people, including more than 1,900
        employees in Canada.
    -   World's 2nd largest home improvement retailer
    -   Lowe's is an ENERGY STAR(R) award-winner six times running, from
        2003-2008, recognized as retail Partner of the Year, for excellence
        in ENERGY STAR(R) outreach and excellence in ENERGY STAR(R)

    (1) Based on currency conversion rates as of February 2, 2009, per Bank
        of Canada

For further information:

For further information: Media Contact: Maureen Rich, Lowe's Companies,
Inc., (704) 758-2298, or Maureen.A.Rich@lowes.com

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Lowe's Companies, Inc.

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