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Lowe's Starts Share Repurchase Program

The board of directors of Lowe's Companies, Inc. has approved a share repurchase program of up to $1 billion.

The program is intended to be implemented through purchases made from time to time in either the open market or through private transactions, in accordance with Securities and Exchange Commission requirements. As of Oct. 29, 2004, Lowe's Companies, Inc. had 772 million shares outstanding.

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