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PO Box 1000 • Mooresville • NC • 28115 • [PHONE REDACTED] www.Lowes.com For Immediate Release October 31, 2006 Contact: Karen Cobb Lowe’s Companies, Inc. (704) 758-3504 or [EMAIL REDACTED] LOWE’S STORE SLATED FOR FERNLEY, NEVADA The Do-it-Yourself retailer invests $18.5 million to build one-stop shop for appliances, furnishings, building materials and lawn/garden products Mooresville, N.C. – A new Lowe’s will soon be underway at the southeast corner of State Highway 40 and Stanley Drive. The new Lowe’s store is expected to open in the fall of 2007. The do-it-yourself retailer is known for helping homeowners find the right equipment and supplies to build, improve, beautify and enjoy their homes. Lowe’s is proud to offer 40,000 products under one roof. The home improvement warehouse store will have 117,000 square feet of retail sales space. An additional 31,000 square foot garden center will offer an impressive selection of flowers, bushes, trees and garden supplies tailored to the Nevada climate and lifestyle. A store of this size represents an average investment for the company of $18.5 million and creates up to 175 new jobs. Lowe’s reaches out to the community through partnerships with the American Red Cross, United Way, Habitat for Humanity and the Home Safety Council to create safer homes. In addition, in 2005 Lowe’s Charitable and Educational Foundation contributed more than $13 million to support educational and community projects across the country. With fiscal year 2005 sales of $43.2 billion, Lowe’s Companies, Inc. is a FORTUNE® 50 company that serves approximately 12 million customers a week at more than 1,325 home improvement stores in 49 states. Based in Mooresville, N.C., the 60-year old company is the second-largest home improvement retailer in the world. For more information, visit Lowes.com. FAST FACTS ABOUT LOWE’S: • First store opened in Nevada in 1998; Currently has 12 stores in Nevada with a store under construction in North Las Vegas • Employs approximately 200,000 people, including more than 1,600 employees in Nevada • Nation’s 2nd largest appliance retailer, with more than 250 models in stock daily