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Lowe’s gives $2 million to Habitat tsunami relief effort

Lowe’s raises more than $2 million for Habitat tsunami relief effort
Total more than doubles initial pledge; will build homes for 1,276 families

AMERICUS, Ga. (Feb. 24, 2005) – Lowe’s, which pledged $1 million toward Habitat for Humanity International’s tsunami relief fund, more than doubled its pledge, collecting and contributing more than $2 million to the rebuilding effort. The $2, 042,038 total is nearly 10 percent of the more than $22 million that has been donated to Habitat since the Dec. 26 tsunami struck the Indian Ocean basin.

“What incredible demonstrations of generosity and commitment to our work, by Lowe’s and by Lowe’s customers,” said Paul Leonard, chief executive officer of Habitat for Humanity International. “Two million dollars. That will build 1,276 homes, providing safe and decent shelter for more than 6,300 people. But more than that, the money is not only helping rebuild homes, it’s truly helping rebuild lives shattered beyond imagination by the tsunami.”

Lowe’s initially pledged to fund construction of 200 homes, then to match customer donations, for a total company contribution of $1 million. Over a five-week period, Lowe’s customers and employees donated in-store and online, and the result, including matching funds, was a more than $2-million gift.

“We are thrilled that we have been able to exceed our goal for Habitat for Humanity,” said Larry D. Stone, chair of the Lowe’s Charitable and Educational Foundation. “We would especially like to thank our Lowe’s customers, whose enormous outpouring of donations, have helped provide housing to the thousands left homeless by this disaster.”

Lowe’s gift is a key piece of Habitat’s two-year rebuilding effort in Sri Lanka, Indonesia, Thailand and India. Over the next two years, Habitat plans to build 25,000 transitional houses – small permanent homes that get families out of the overcrowded, disease-ridden camps – which will be expanded into larger homes following the initial program. A goal of $25 million was set for the effort, but Leonard said that Habitat for Humanity will continue to accept donations for tsunami relief as long as people wish to give.

“Habitat has worked in the region for a number of years and there are many families there who need our help now and will need us far into the future. Lowe’s gift, along with others and the traditional donations we receive to build houses in the region, give us the resources we need to provide the long-term relief that we know will be needed.”

About Lowe’s
Lowe’s is a proud supporter of Habitat for Humanity International, American Red Cross, United Way of America, and the Home Safety Council, in addition to numerous non-profit organizations and programs that help communities across the country. Lowe’s Charitable and Educational Foundation awards more than $3 million annually to diverse organizations across the United States. Lowe’s also encourages volunteerism through the Lowe’s Heroes program, a company-wide employee volunteer program aimed at preventing unintentional home injuries. Lowe’s is a FORTUNE® 50 company with more than 1,075 stores in 48 states. For more information, visit
Lowes.com/community.

About Habitat for Humanity
Habitat for Humanity International, based in Americus, Ga., is an ecumenical Christian ministry dedicated to eliminating poverty housing. By the end of 2005, Habitat will have built its 200,000th house and more than one million people will be living in Habitat homes they helped build.
www.habitat.org