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 dont 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.

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 Casa Grande Lake Pleasant East Palo Alto Westwood Manteca Moreno Valley East Ontario Pittsburg Jamboree Arapahoe & Parker The Forum Oldsmar Fayetteville Loganville Addison 87th & Dan Ryan Deerfield Matteson Mundelein West Dundee Speedway Back Bay Wareham Inner Harbor Hunt Valley Biddeford *Brooklyn Center Address 1004 N Promenade Pwy 10134 W Happy Valley Rd 1751 E Bayshore Rd 10861 Weyburn Ave 934 Perimeter Dr 27220 Eucalyptus 4120 E 4th St 4405 Century Blvd 2857 Park Ave 15800 E Briarwood Cir 9370 Dynasty Dr 11655 W Hillsborough Ave 128 Pavilion Pkwy 4014 Atlanta Hwy 1038 N Rohlwing Rd 8900 S Lafayette Ave 200 S Waukegan Rd 4707 Lincoln Mall Dr 1100 N Rt 83 979 W Main St 10500 Parallel Pkwy 360 Newbury St 2421 Cranberry Hwy 600 E Pratt St 118 Shawan Rd 405 Mariner Way 5925 Earle Brown Dr City Casa Grande Peoria East Palo Alto Los Angeles Manteca Moreno Valley Ontario Pittsburg Tustin Aurora Fort Myers Tampa Fayetteville Loganville Addison Chicago Deerfield Matteson Mundelein West Dundee Kansas City Boston Wareham Baltimore Hunt Valley Biddeford Brooklyn Center State AZ AZ CA CA CA CA CA CA CA CO FL FL GA GA IL IL IL IL IL IL KS MA MA MD MD ME MN

*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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