Lowe’s to Offer Appliance Innovations from LG Electronics Starting in 2013

  Lowe’s to Offer Appliance Innovations from LG Electronics Starting in 2013

   Stores Nationwide and Lowes.com to Carry LG Kitchen, Laundry Appliances

Business Wire

MOORESVILLE, N.C. -- December 03, 2012

Furthering its commitment to delivering customers the best in appliance
selection, Lowe’s today announced plans to bring stylish, innovative and
energy efficient home appliances from LG Electronics into its stores for the
first time, starting in the first quarter of 2013. The products also will be
available on lowes.com.

LG-brand refrigerators, washers, dryers, dishwashers and ranges are among the
appliances to be carried in more than 1,700 Lowe’s locations across the United
States. The new line will include the industry’s largest total capacity
refrigerator at 33 cubic feet (Model LFX33975ST) and a host of products
awarded the ENERGY STAR® "Most Efficient" designation.

“Through this strategic alliance with LG, our stores will now have a broader
assortment of innovation and leading designs in appliances to help customers
improve and maintain their homes,” said Craig Webber, Lowe’s merchandising
vice president. “When combined with our service advantages of next-day
delivery capabilities and in-house facilitation of repairs and maintenance,
Lowe’s appliance offering provides the best in customer experience and
simplicity.”

Chris Jung, president, home appliances, LG Electronics USA, said, “As a
retailer that recognizes the value of innovation and shares a commitment to
energy-efficient product offerings, Lowe’s is a perfect fit for LG home
appliances. Through our new alliance with Lowe’s, even more consumers looking
for innovative and attractive appliances will be able to find LG for their
homes.”

LG appliance innovations include direct-drive motors on its washing machines
and linear compressors on its refrigerators to improve reliability,
performance and efficiency. LG is a top brand in front-load washers in the
United States and an award-winning leading innovator in French Door
refrigerators.

Supporting Lowe’s commitment to environmental sustainability, LG is a leader
in delivering energy efficient products to the market, boasting more than 600
products that have earned the ENERGY STAR label, including the majority of its
refrigerators and washing machines sold in the United States. More than 60 LG
products have received the ENERGY STAR “Most Efficient” designation. This
coveted distinction by the EPA recognizes the most energy-efficient products
in their categories among those that have earned the ENERGY STAR label.

As one of the nation’s largest appliance suppliers, Lowe’s offers more
in-stock appliances than any other retailer and offers easy installation
services, including free next-day delivery. Lowe’s also facilitates all
appliance maintenance and repairs through independent contractors, standing
behind what it sells, to give consumers peace of mind with every purchase.

For more information about Lowe’s appliance offerings, visit
www.lowes.com/appliances and find information on LG appliances in the
beginning of 2013. For more information on LG appliances, please visit
http://www.lg.com/us/appliances.

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.

About LG Electronics USA

LG Electronics USA, Inc., based in Englewood Cliffs, N.J., is the North
American subsidiary of LG Electronics, Inc., a $49 billion global force and
technology leader in consumer electronics, home appliances and mobile
communications. In the United States, LG Electronics sells a range of stylish
and innovative home entertainment products, mobile phones, home appliances,
commercial displays, air conditioning systems and solar energy solutions, all
under LG’s “Life’s Good” marketing theme. LG Electronics is a 2012 ENERGY STAR
Partner of the Year. For more information, please visit www.lg.com.

Contact:

Lowe’s
Jaclyn Pardini, 704-758-4317
jaclyn.pardini@lowes.com
or
LG Electronics USA
John I. Taylor, 847-941-8181
john.taylor@lge.com