Lowe : Question and Answer

Lowe's Companies, Inc. Annual Meeting Follow-up Q&A

The questions listed below were submitted by Lowe's shareholders during Lowe's Annual Meeting held on May 28, 2021. We are providing answers to these questions to address topics that were not covered during the Q&A portion of the meeting, in accordance with the meeting's Rules of Conduct. Questions below are presented as submitted by shareholders. Some of the answers below reference Lowe's most recent Proxy Statement, which provides additional information. Our responses to these questions, including any forward looking statements, are as of the date of the meeting (May 28, 2021) and we do not undertake any obligation to update any such statements which are subject to risks and uncertainties (for additional information please refer to our most recent filings with the Securities and Exchange Commission).

Question 1:

The CDC is a good part of our National Government. Should we be allowing the CDC, a non-elected branch of Government to control our Business Platform? The CDC is not on our Board or Management Team.

Answer:

Due to the changes in CDC guidelines, effective May 19th of this year, we adjusted our mask and face covering guidelines. We are now allowing customers and associates who are fully vaccinated to shop and work without a mask or face coverings except where local or state requirements dictate otherwise. Although the country is seeing an overall reduction in COVID cases, we will remain focused on our #1 priority which is the health and safety of our associates and our customers.

Question 2:

Why did you not give shareholders enough time to vote this morning?

Answer:

Our shareholders were able to vote their shares at any time from the date the proxy statement was filed on April 15, 2021 up until voting was closed during the Annual Meeting on May 28, 2021. The votes are tabulated as they come in throughout the proxy season, and Broadridge provides

us with the results of that voting. Almost 90% of the shares had been voted ahead of the Annual Meeting, however we continued to provide the opportunity for shareholders to vote until voting is closed during the Annual Meeting.

The final voting results have been reported in a Current Report on Form 8-K filed on June 1, 2021. Additional detail on voting can be found in our Proxy Statement.