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For Immediate Release Media Contact: Kelly Groehler, Best Buy (612) 291-6115 or kelly.groehler@bestbuy.com

Best Buy Confirms Closure Plans for Remaining 42 U.S. Big Box Stores

Brings total of store closures to 50 by end of 2012 Most locations will permanently close by May 12; three additional

locations to close by late summer RICHFIELD, Minn. – April 14, 2012 – Best Buy announced plans March 29, 2012 to close 50 U.S.

stores as part of a number of key initiatives for this year. To date, we have closed two stores this year

(one in Kansas City, Mo., and one in Scottsdale, Ariz.), plus have notified five Twin Cities stores and

one San Antonio store that they will close later this year.

This morning, we have confirmed the remaining 42 store locations that will close. A complete list of

store locations can be found at the end of this statement. Employees of these 42 stores have been

notified this morning.

This was not an easy decision to make. We chose these stores carefully, and are working to ensure

the impact to our employees will be as minimal as possible, while serving all customers in a

convenient and satisfying way. But we also recognize the impact this news has on the people who

deserve respect for the contributions they have made to our business.

We will be working to help these employees find other positions inside Best Buy. If they don’t find new

positions, or if they choose not to work at a different location, a transition including severance

packages will be available.

Three of these 42 locations remain open today, Saturday; the rest of the affected stores are closed

today, and will reopen Sunday, April 15. Customers currently doing business with these stores are

being contacted today.

We expect most of these stores will permanently close by May 12. Three additional locations are

expected to permanently close later this summer.

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Best Buy continues to have additional retail store locations – big boxes and standalone Best Buy

Mobile stores – for customers to choose from in these affected locations.

More broadly, our previously announced retail store actions are intended to increase points of

presence, while decreasing overall square footage, for increased flexibility – including key store

remodels with a new Connected Store format, while continuing to build out the successful Best Buy

Mobile small format stores throughout the U.S. We will continue to share details of such actions as the

year progresses. We are committed to making it easier for customers to shop with us, whenever and

wherever they want.

Locations of 2012 U.S. Best Buy store closings

Store Name Address City State

Casa Grande 1004 N Promenade Pwy Casa Grande AZ

Lake Pleasant 10134 W Happy Valley Rd Peoria AZ

East Palo Alto 1751 E Bayshore Rd East Palo Alto CA

Westwood 10861 Weyburn Ave Los Angeles CA

Manteca 934 Perimeter Dr Manteca CA

Moreno Valley East 27220 Eucalyptus Moreno Valley CA

Ontario 4120 E 4th St Ontario CA

Pittsburg 4405 Century Blvd Pittsburg CA

Jamboree 2857 Park Ave Tustin CA

Arapahoe & Parker 15800 E Briarwood Cir Aurora CO

The Forum 9370 Dynasty Dr Fort Myers FL

Oldsmar 11655 W Hillsborough Ave Tampa FL

Fayetteville 128 Pavilion Pkwy Fayetteville GA

Loganville 4014 Atlanta Hwy Loganville GA

Addison 1038 N Rohlwing Rd Addison IL

87th & Dan Ryan 8900 S Lafayette Ave Chicago IL

Deerfield 200 S Waukegan Rd Deerfield IL

Matteson 4707 Lincoln Mall Dr Matteson IL

Mundelein 1100 N Rt 83 Mundelein IL

West Dundee 979 W Main St West Dundee IL

Speedway 10500 Parallel Pkwy Kansas City KS

Back Bay 360 Newbury St Boston MA

Wareham 2421 Cranberry Hwy Wareham MA

Inner Harbor 600 E Pratt St Baltimore MD

Hunt Valley 118 Shawan Rd Hunt Valley MD

Biddeford 405 Mariner Way Biddeford ME

*Brooklyn Center 5925 Earle Brown Dr Brooklyn Center MN

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*Edina 3200 Southdale Cir Edina MN

*Hutchinson 1350 Hwy 15 S Hutchinson MN

*Lakeville 18350 Orchard Trl Lakeville MN

Rochester South 4540 Maine Ave Se Rochester MN

*Rogers 20870 Rogers Dr Rogers MN

Ellisville 15678 Manchester Rd Ellisville MO

Monroe 3151 W Highway 74 Monroe NC

Rocky Mount 1100 N Wesleyan Blvd Rocky Mount NC

Millard 12210 K Plz Omaha NE

East River Plaza 517 E 117th St New York NY

Steelyard Commons 3506 Steelyard Dr Cleveland OH

Salem Mall 5031 Salem Ave Dayton OH

Caguas Las Americas Expry PR52 Zafiro Caguas PR

Middletown 890 W Main Rd Middletown RI

Hickory Hollow 5255 Hickory Hollow Pkwy Antioch TN

Techridge 12901 North I-35 Austin TX

*Woodlake Parkway 6218 Woodglen San Antonio TX

Landmark Mall 5901 Stevenson Ave Alexandria VA

Cosner's Corner 9745 Jefferson Davis Hwy Fredericksburg VA

East Richmond 4410 S Laburnum Ave Richmond VA

Mill Plain 16611 Se Mill Plain Blvd Vancouver WA

* indicates stores notified March 29, 2012 of closure plans Note: Two stores in Kansas City, MO (Metro North) and Scottsdale, AZ (Shea) permanently closed in February 2012.

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