LOWE’S PRIVATE $4.75 BILLION NOTE OFFER

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MOORESVILLE, North Carolina, September 6, 2022 /PRNewswire/ — Lowe’s Companies, Inc. (NYSE: LOW) announced today that it has agreed to sell $1.0 billion 4.400% Bonds due 2025, $1.25 billion 5.000% Bonds due 2033, $1.5 billion 5.625% notes due 2053 and $1.0 billion 5.800% Notes Due 2062 (collectively, the “Notes”). Lowe’s plans to use the net proceeds from ticket sales for general corporate purposes. Closing is scheduled for September 8, 2022subject to satisfaction of customary closing conditions.

Barclays Capital Inc., Goldman Sachs & Co. LLC, US Bancorp Investments, Inc. and Wells Fargo Securities, LLC are acting as joint bookrunners for the offering.

This offering has been made pursuant to an effective registration statement filed with the Securities and Exchange Commission. This press release does not constitute an offer to sell, a solicitation to buy or an offer to buy securities. Any offer to sell or solicitation to buy will be made only by means of a prospectus and related prospectus supplement filed with the Securities and Exchange Commission. A copy of the prospectus and related prospectus supplement for this offering may be obtained from Barclays Capital Inc., c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717, Phone: 888-603-5847, Email: [email protected]; Goldman Sachs & Co. LLC, 200 West Street, New York, New York 10282-2198, Attention: Prospectus Department, Phone: 866-471-2526, Email: [email protected]; US Bancorp Investments, Inc., 214 N. Tryon Street26th floor, Charlotte, North Carolina 28202, Attention: Credit Fixed Income, Phone: 1-877-558-2607; or Wells Fargo Securities, LLC, 608 2nd Avenue South, Suite 1000, Minneapolis, Minnesota 55402, Attention: WFS Customer Service, Telephone: 1-800-645-3751, Email: [email protected].

Disclosure Regarding Forward-Looking Statements

This document contains forward-looking statements, including statements regarding anticipated financing. Many factors affect management’s view of future events and trends in the company’s business and operations, all of which are described in more detail in the company’s filings with the Securities and Exchange Commission. The company undertakes no obligation to update any forward-looking information included in this release or in any of its public documents.

About Lowe’s

Lowe’s Companies, Inc. (NYSE: LOW) is a FORTUNE® 50 home improvement company that processes approximately 19 million customer transactions per week in United States and Canada. With a turnover of more than $96 billion, Lowe’s and its related companies operate or service nearly 2,200 hardware and hardware stores and employ more than 300,000 associates. Situated at Mooresville, North Carolina, Lowe’s supports the communities it serves through programs focused on creating safe, affordable housing and training the next generation of skilled trades experts. For more information, visit Lowes.com.

LOW-IR

SOURCE Lowe’s Companies, Inc.

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