• Enhanced $50,000 Limited Benefit Health Plan*
• Limited Benefit Health Plan
• Term Life Insurance
• Vision Care
• Dental Plan
• Short-Term Disability**

Eligibility: All regular part-time employees, at date of hire.

Employees must enroll in the first 31 days of employment or during a Special Enrollment Period. Coverage will be effective on the day the part time employee completes the enrollment election through the enrollment web site. Premiums are deducted on an after-tax basis. For details, see your location HR Manager for an enrollment packet.

* After one year of service. Includes an employer contribution.
**Must be enrolled in the Limited Benefit Health Plan to elect this option.

Vacation
Part-time employees are eligible for vacation based on service as follows:

• After 180 days of service: 40 hours
• After 5 years of service: 60 hours
• After 15 years of service: 80 hours

Holidays

Lowe's provides six (6) paid holidays:

Thanksgiving Day and Christmas Day are fixed holidays. Employees can also accrue up to 4 additional floating holidays – employees decide what day they want to use a floating holiday.

Full-time employees will receive eight hours holiday pay and part-time employees will receive four hours holiday pay for each fixed holiday.

Eligibility: All regular full-time, salaried employees, on first day of employment. All regular full-time, hourly and part-time employees, after 90 days of employment.

Life Track
Confidential employee and dependent services are available including comprehensive work/life services, legal and financial services, and a smoking cessation program. You and your eligible family members receive up to five no-cost confidential sessions per problem, per year at a location near home or work. Lowe’s pays the entire cost of these sessions. Call 1-877- LIFETRK (1-877-543-3875) for more information.

Eligibility: All employees at date of hire.

Stock Purchase Plan
Lowe’s provides a Stock Purchase Plan that allows employees to purchase Lowe’s common stock at a discounted price. Participants in the Plan may contribute from 1% to 20% of base pay in whole percentages or flat amounts, on an after-tax basis through the convenience of payroll deduction.

Eligibility: All regular full-time employees on June 1 or December 1 on or after first day of employment; regular part-time employees on June 1 or December 1 on or after one year of service.

The Plan has two six-month offering periods each year, beginning on June 1 and December 1. Participant contributions made during the six-month offering period purchase stock at a 15% discount off the closing price of Lowe’s stock on the last day of the offering period.

All shares purchased through the Plan will be deposited into a personal E*TRADE Employee Stock Plans Services account. After completing the required account activation process, participants may access their account and will be able to sell shares acquired in the Plan by calling E*TRADE at (800)838-0908 or by visiting myloweslife.com. Participants can get an account activation form by calling E*TRADE.

Lowe’s 401(k) Plan
Lowe’s 401(k) Plan is another benefit designed to help you plan and invest for your future. Participation in this Plan allows you to save from 1% to 50% of your eligible compensation, not to exceed $15,500* in calendar year 2008, on a pretax basis through the convenience of payroll deductions.

Eligibility: All employees after 180 days

After 180 days, Lowe’s will automatically enroll you for a 1% salary deferral unless you elect otherwise. In addition, after 180 days of service Lowe’s matches the first 3% you save each pay period at 100%. Savings at 4-5% of eligible compensation will be matched at 50%, and 6% is matched at 25%, for a total Company Match of 4.25%.** Savings above 6% are not matched.

You may choose among 21 professionally managed funds and Lowe’s stock to invest your savings. Choices include a variety of funds, including fixed income, U.S. small, mid and large capitation equity funds, as well as an international equity fund. Your Company Match is invested in the same way you invest your deferral.

If you are automatically enrolled in the 401(k) Plan, your salary deferral and Company Match Contributions will be invested in a Target Date Retirement fund based on your age-65 retirement date.

Returns on most of these funds will fluctuate and your investment may ultimately be worth more or less than the original cost. Past performance is no guarantee of future results. Market volatility can significantly affect short-term performance of most of these funds, and more recent returns may be different from these shown. By providing this information, Lowe’s is not giving investment advice. You should read the prospectuses for the individual funds before deciding to invest in them. These prospectuses are available online at myloweslife.com.

You should speak to a certified financial planner, tax accountant, or other investment professional before making any investment or retirement decision. By providing this information, Lowe’s is not giving tax or investment advice.

Participants who are age 50 or over may contribute an additional “catch up contribution” (up to $5,000 in calendar year 2008*) to the Plan. Catch-up contributions are not matched.

Rollovers into the Plan are accepted at any time after your first day of employment with Lowe’s. You may roll over monies directly from a former employer’s qualified retirement plan such as a 401(k), Roth 401(k), 403(b) or a 457(b). This must be a direct (trust to trust) transfer of cash from the prior plan (no stocks or other securities).

You may rollover an IRA that is a conduit IRA or a pre-tax IRA. The Lowe’s 401(k) does not accept Roth IRA’s or after-tax money from an IRA. Rollover contributions are not matched.

** This amount may be adjusted by the IRS at any time.

Employee Discounts

Eligibility: All employees (full-time, part-time and temporary) first day of employment.

Employees may purchase company products at a 10% discount. Purchases must be for the use of the employee, their dependents, or as bona fide gifts.