Walmart Statement in Response to December 17 New York Times Article About Allegations of Corruption in Mexico

  Walmart Statement in Response to December 17 New York Times Article About
                     Allegations of Corruption in Mexico

PR Newswire

BENTONVILLE, Ark., Dec. 17, 2012

BENTONVILLE, Ark., Dec. 17, 2012 /PRNewswire/ --The following statement can
be attributed to David Tovar, Vice President, Corporate Communications.

"The allegations contained in the New York Times article surrounding events in
2003-2004 involving the permitting and licensing process for a Walmart de
Mexico store in Teotihuacan, Mexico, have been part of the company's ongoing
investigation of potential violations of the U.S. Foreign Corrupt Practices
Act we began more than a year ago.

"The Audit Committee of the board, comprised entirely of independent
directors, is overseeing the investigation.

"We are also continuing to cooperate with the Department of Justice and the
Securities and Exchange Commission on this matter.

"At this point, the investigation is still ongoing and we have not yet reached
final conclusions. A thorough and independent investigation will take time to
complete. We wish we could say more but we will not jeopardize the integrity
of the investigation.

"We are committed to having a strong and effective global anti-corruption
program everywhere we operate and taking appropriate action for any instance
of non-compliance.

"While the investigation is ongoing, we have not waited to act. Over the past
20 months, we have made significant improvements to our compliance programs
around the world and have taken a number of specific, concrete actions with
respect to our processes, procedures and people.

"Over the past several months we have:

  oEstablished several new compliance positions around the world;
  oDirected more than 300 third-party legal and accounting experts who have
    dedicated in excess of 79,000 hours to this effort;
  oConducted more than 85 in-country visits and more than 1,000 interviews of
    market personnel;
  oSpent more than $35 million on new processes and procedures; and
  oConducted training sessions attended by more than 19,000 associates.

"We recognize that our effort to date is a work in progress and there is more
to be done as we continue building a world-class FCPA compliance program."

Please click here for more information about Walmart's recent global
compliance action steps.

About Walmart
Wal-Mart Stores, Inc. (NYSE: WMT) helps people around the world save money and
live better – anytime and anywhere – in retail stores, online, and through
their mobile devices. Each week, more than 200 million customers and members
visit our 10,400 stores under 69 banners in 27 countries and e-commerce
websites in 10 countries. With fiscal year 2012 sales of approximately $444
billion, Walmart employs more than 2.2 million associates worldwide. Walmart
continues to be a leader in sustainability, corporate philanthropy and
employment opportunity. Additional information about Walmart can be found by
visiting, on Facebook at on Twitter at Online merchandise sales are available at

SOURCE Wal-Mart Stores, Inc.

Contact: Investors, Carol Schumacher, +1-479-277-1498, or Media, David Tovar,
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