Ms. Tiffany Mason of Lowe's reports

LOWE'S COMPLETES ACQUISITION OF RONA PREFERRED SHARES

Lowe's Companies Inc. has completed its previously announced acquisition of Rona Inc.'s cumulative five-year rate reset Series 6 Class A preferred shares and cumulative floating rate Series 7 Class A preferred shares. Pursuant to the statutory plan of arrangement under Chapter XVI -- Division II of the Business Corporations Act (Quebec), holders of Rona's preferred shares will receive cash proceeds of $24, without interest, per preferred share.

Registered preferred shareholders must submit the share certificates representing their preferred shares and complete, execute and submit the letter of transmittal sent to them with the other materials for the special meeting of Rona shareholders held on Nov. 15, 2016, in order to receive the consideration to which they are entitled. Preferred shareholders who have not yet submitted their share certificates and letters of transmittal are encouraged to do so as soon as possible. Any questions regarding payment of the consideration, including any request for another copy of the letter of transmittal, should be directed to Computershare Investor Services Inc. via telephone at 1-800-564-6253 (toll-free in North America) or via e-mail at corporateactions@computershare.com.

Rona has applied to delist its preferred shares from the Toronto Stock Exchange and expects such delisting to be completed in a few trading days. Rona has also applied to cease to be a reporting issuer in each of the provinces of Canada under applicable Canadian securities laws.

We seek Safe Harbor.