Item 7.01. Regulation FD Disclosure.

On September 29, 2020, Lowe's Companies, Inc. (the "Company") determined to restart its previously authorized stock repurchase program, which was temporarily suspended in the first quarter of 2020 in response to the uncertainties surrounding the COVID-19 pandemic. The Company currently has $8.7 billion remaining under the Board's repurchase authorization. Shares may be repurchased in the open market at prevailing market prices, including in discretionary transactions and under plans complying with the provisions of Rule 10b5-1 and Rule 10b-18 of the Securities Exchange Act of 1934, or in privately negotiated transactions. The timing and actual number of common shares to be repurchased will depend upon market conditions and other factors, in accordance with Securities and Exchange Commission requirements.

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