The Home Depot Completes Sale of HD Supply



    
    Reaffirms Expiration Date of Tender Offer
    

    ATLANTA, Aug. 30 /CNW/ -- The Home Depot(R), the world's largest home
improvement retailer, announced today that it has completed the sale of HD
Supply.  As announced earlier this week, the terms were as follows:

    
    -- Purchase price of $8.5 billion
    -- The Home Depot to own a 12.5% equity interest for $325 million
    -- The Home Depot guaranteed a $1 billion senior secured loan of HD
       Supply
    
    Tender Offer As previously announced, The Home Depot's modified "Dutch
auction" tender offer to purchase up to 250 million shares at a price range of
$37 to $42 per share will expire at 5 p.m. on Friday, August 31, 2007.  The
Company remains committed to its $22.5 billion recapitalization plan announced
on June 19, 2007.
    
    (Logo: http://www.newscom.com/cgi-bin/prnh/20030502/HOMEDEPOTLOGO)
    
    The Home Depot(R) is the world's largest home improvement specialty
retailer, with 2,206 retail stores in all 50 states, the District of Columbia,
Puerto Rico, U.S. Virgin Islands, 10 Canadian provinces, Mexico and China.  In
fiscal 2006, The Home Depot had sales from continuing operations of $79.0
billion and earnings from continuing operations of $5.3 billion.  The Company
employs approximately 350,000 associates.  The Home Depot's stock is traded on
the New York Stock Exchange (NYSE:   HD) and is included in the Dow Jones
industrial average and Standard & Poor's 500 index. HDE
    This communication is for information purposes only and does not
constitute an offer to buy or the solicitation of an offer to sell shares of
The Home Depot's common stock. The Home Depot's offer to buy shares of Home
Depot common stock is being made only pursuant to the Offer to Purchase, dated
July 10, 2007, as amended by the supplement to the Offer to Purchase and the
related materials dated August 10, 2007, as may be further amended and
supplemented from time to time. Shareholders should read these materials
carefully because they contain important information. Shareholders may obtain
copies of these and other documents filed with the SEC at the Commission's Web
site at www.sec.gov.
    Certain statements contained herein, including any statements related to
the recapitalization plan and the tender offer, constitute "forward-looking
statements" as defined in the Private Securities Litigation Reform Act of
1995. These statements are based on currently available information and are
based on our current expectations and projections about future events. These
risks and uncertainties include, but are not limited to, economic conditions
in North America and; the success of the recapitalization plan and the tender
offer, as it may be supplemented and amended from time to time. Undue reliance
should not be placed on such forward-looking statements as they speak only as
of the date hereof, and we undertake no obligation to update these statements
to reflect subsequent events or circumstances except as may be required by
law. Additional information regarding other risks and uncertainties is
contained in our periodic filings with the SEC, including our Annual Report on
Form 10-K for the fiscal year ended January 28, 2007.




For further information:

For further information: Financial Community, Diane Dayhoff, Sr. Vice 
President - Investor Relations, +1-770-384-2666, diane_dayhoff@homedepot.com, 
or News Media, Paula Drake, Sr. Manager - Corporate Communications, 
+1-941-488-1289, paula_drake@homedepot.com Web Site:
http://www.homedepot.com/


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