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Lowe’s teams with Habitat to rebuild Gulf Coast

Lowe’s teams with Habitat for Humanity  to help rebuild Gulf Coast homes, communities
Home improvement company, vendor partners commit $2.8 million for Habitat’s hurricanes Katrina, Rita recovery efforts

MOORESVILLE, N.C. (Nov. 18, 2005) – In an extension of its long-standing support of Habitat for Humanity, today Lowe’s announced that its vendor partners are making possible a $2.8 million donation to help the rebuilding effort in hurricane-ravaged Gulf Coast communities. The money was contributed as part of a Lowe’s Charitable and Educational Foundation fund raising event, and will be used in 2006 to build homes with families displaced by hurricanes Katrina and Rita.

“The devastation and tremendous personal losses sustained in that region were so enormous that we, along with our vendor partners, wanted to do what we can to help,” explained Larry D. Stone, chairman of the Lowe’s Charitable and Educational Foundation. “It is gratifying to see that Lowe’s vendors support our company’s commitment to Habitat, as we have been able to see first-hand the impact Habitat makes on people’s lives every day and we’re so pleased to be able to help in this massive rebuilding effort.”

Lowe’s has long supported Habitat for Humanity’s efforts to build simple, decent, affordable homes with families in need and, in the past two years alone, has contributed more than $6 million to Habitat for Humanity. As national underwriter of Habitat’s Women Build program, Lowe’s provides both financial support and training to women volunteers, helping to construct 150 Women Build houses throughout 2005. This year, Lowe’s also helped sponsor The Jimmy Carter Work Project, during which 234 Habitat homes were dedicated across the state of Michigan.

“While the Gulf Coast rebuilding effort will take time, the kind of ongoing support we get from Lowe’s helps ensure that we are able to assist in that effort as much as we can” said Jonathan Reckford, chief executive officer for Habitat for Humanity International. “Through today’s gift, Lowe’s and its vendor partners have helped numerous families take another step to recovery and a return to normalcy.”

In addition, Lowe’s and its customers are now in the process of raising additional funds to support Habitat’s work in the region through the company’s Homes for the Holidays program. From Nov. 14 to Dec. 12, Lowe’s customers can make a donation to Habitat for Humanity International at any Lowe’s store, with the funds going toward rebuilding homes of some Gulf Coast families.

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 initiative. Lowe’s is a FORTUNE® 50 company with fiscal year 2004 sales of $36.5 billion and has more than 1,150 stores in 49 states. For more information, visit Lowes.com/community.

About Habitat for Humanity International
Habitat for Humanity International, based in Americus, Ga., is an ecumenical Christian ministry that welcomes to its work all people dedicated to the cause of eliminating poverty housing. Since 1976, Habitat has built more than 200,000 houses in nearly 100 countries, providing simple, decent and affordable shelter for more than one million people. For more information, visit www.habitat.org.