Lowe’s Iris Smart Kit Named as CES Innovations 2013 Design and Engineering Award Honoree

  Lowe’s Iris Smart Kit Named as CES Innovations 2013 Design and Engineering
  Award Honoree

2013 International CES

Business Wire

NEW YORK -- November 12, 2012

Lowe’s Companies, Inc. (NYSE: LOW) today announced that it has been named an
International CES Innovations 2013 Design and Engineering Awards Honoree for
the Iris Smart Kit. Products entered in this prestigious program are judged by
a preeminent panel ofindependent industrial designers, engineers and members
of the media to honor outstanding design and engineering in cutting-edge
consumer electronics products across 29 product categories.

Lowe’s entered the Smart Home market in July with the launch of its new,
award- winning Smart Kit. Lowe’s offers three starter kits: Iris Safe &
Secure, Iris Comfort & Control and Iris Smart Kit. Iris is available in more
than 500 Lowe’s stores nationwide and on Lowes.com/Iris.

“We believe we can make homes safer, more efficient and easier to manage using
our new Iris platform,” said Kevin Meagher, Lowe’s vice president of smart
home. “Current home monitoring solutions are expensive and inflexible to the
extent that 80 percent of homes have no protection. Iris makes home security
and management simple and affordable with free, entry-level services, no
long-term contracts and a wide variety of products that are easy to install
and manage from your smart phone.”

At CES 2013, Lowe’s plans to unveil the next generation of Iris products and
services that will allow consumers to do everything from managing home energy
consumption to monitoring pet doors to check on the family dog throughout the
day. Lowe’s currently offers a variety of connected products that are
compatible with Iris from vendor partners Schlage, First Alert, GE Jasco and
Radio Thermostat of America.

The prestigious Innovations Design and Engineering Awards are sponsored by the
Consumer Electronics Association (CEA)^®, the producer of the International
CES, the world’s largest consumer technology tradeshow, and have been
recognizing achievements in product design and engineering since 1976.

Lowe’s Iris Smart Kit will be displayed in The Venetian at the 2013
International CES, which runs January 8-11, 2013 in Las Vegas, Nevada.
Honorees will also be displayed at CES Unveiled: The Official Press Event of
the International CES from 4-7 p.m. on Sunday, January 6 in the South Seas
Ballroom C at Mandalay Bay.

The Innovations entries are judged based on the following criteria:

  *Engineering qualities, based on technical specs and materials used
  *Aesthetic and design qualities, using photos provided
  *The product’s intended use/function and user value
  *Unique/novel features that consumers would find attractive
  *How the design and innovation of the product compares to other products in
    the marketplace

Products chosen as an Innovations honoree reflect innovative design and
engineering of the entries. Examples may include the first time various
technologies are combined in a single product or dramatic enhancements to
previous product designs.

Innovations 2013 Design and Engineering honoree products are featured on
http://cesweb.org/Awards/CES-Innovations-Awards.aspx, which lists product
categories, as well as each product name, manufacturer information, designer,
description, photo and URL.

About Lowe’s

With fiscal year 2011 sales of $50.2 billion, Lowe’s Companies, Inc. is a
FORTUNE^® 100 company that serves approximately 15 million customers a week at
more than 1,745 home improvement stores in the United States, Canada and
Mexico. Founded in 1946 and based in Mooresville, N.C., Lowe’s is the
second-largest home improvement retailer in the world. For more information,
visit Lowes.com.

Contact:

Lowe’s Companies, Inc.
Sarah-Frances Wallace, 704-758-4339
sarahfrances.wallace@lowes.com
www.Lowes.com/Iris