Business Services Industry

ADDING MULTIMEDIA Brian J. Dunn Becomes CEO of Best Buy

Business Wire, June 24, 2009

“To ensure that Brad’s legacy lives on at Best Buy, I am honored to announce the creation of The Brad Anderson Legacy Program, which intends to award 200,000 shares of Best Buy stock each year to deserving employees,” said Dunn. “Because of the work Brad began, Best Buy has earned the opportunity to play a unique role in the lives of people…and to help people around the world thrive in this digitally connected world. I am excited about building on the foundation of customer centricity to help bring Best Buy to its next stage of growth.”

The Brad Anderson Legacy Program is a stock award program under the shareholder-approved Omnibus Plan.

Webcast Information

A replay of the webcast of Best Buy’s Annual Meeting of Shareholders is available through the Investor Relations section of Best Buy’s Web site, www.bestbuy.com. Slides associated with the presentation made during the meeting also will be available on the site. The webcast will be available for replay for one week following the presentation.

Forward-Looking and Cautionary Statements:

This news release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 as contained in Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934 that reflect management’s current views and estimates regarding future market conditions, company performance and financial results, business prospects, new strategies, the competitive environment and other events. You can identify these statements by the fact that they use words such as “anticipate,” “believe,” “estimate,” “expect,” “intend,” “project,” “plan,” “outlook,” and other words and terms of similar meaning. These statements involve a number of risks and uncertainties that could cause actual results to differ materially from the potential results discussed in the forward-looking statements. Among the factors that could cause actual results and outcomes to differ materially from those contained in such forward-looking statements include the following: general economic conditions, acquisitions and development of new businesses, divestitures, product availability, sales volumes, pricing actions and promotional activities of competitors, profit margins, weather, changes in law or regulations, foreign currency fluctuation, availability of suitable real estate locations, the company’s ability to react to a disaster recovery situation, the impact of labor markets and new product introductions on overall profitability, failure to achieve anticipated benefits of announced transactions and integration challenges relating to new ventures. A further list and description of these risks, uncertainties and other matters can be found in the company’s annual report and other reports filed from time to time with the Securities and Exchange Commission, including, but not limited to, Best Buy’s Annual Report on Form 10-K filed with the SEC on April 29, 2009. Best Buy cautions that the foregoing list of important factors is not complete and assumes no obligation to update any forward-looking statement that it may make.


 

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