MINNEAPOLIS--(BUSINESS WIRE)--March 27, 2006--Best Buy Co., Inc.
(NYSE:BBY):

-- Includes more than 7,000 Gateway computers, along with Samsung
printers

-- Company gives $3 million in te@ch awards to schools with
displaced students

Best Buy has delivered $5 million in new computer equipment into Mississippi and Louisiana for the states' K-12 schools. The deliveries mark the final phase of an $8 million relief package to help schools damaged or destroyed by Hurricane Katrina, as well as schools nationwide that enrolled students displaced by the storms.

"We see classroom technology - namely, computers - as a critical, necessary means to help students succeed while our communities recover and rebuild," said Brad Anderson, vice chairman and CEO, Best Buy.
"Our employees and their families live and work in these neighborhoods, towns, and parishes and we are committed to help strengthen the education options for our kids."

With the support of the Mississippi Department of Education, Best Buy provided 2,056 Gateway computers and 102 Samsung printers to the Bay St. Louis-Waveland School District; Biloxi Public Schools; the Catholic Diocese of Biloxi; Gulfport School District; Hancock County School District; Jackson County Public Schools; Ocean Spring School District; Pascagoula School District; Pass Christian School District; Picayune School District; and Poplarville School District.

Working with the Archdiocese of New Orleans and the Louisiana Department of Education, Best Buy also provided 5,000 Gateway computers and 250 Samsung printers to the Archdiocese of New Orleans; Bogalusa Parish School District; Cameron Parish School District; Jefferson Parish School District; Orleans Parish School District; Plaquemines Parish School District; St. Bernard Parish School District; Vermillion Parish School District; and Washington Parish School District.

Since October 1, Best Buy has additionally given nearly $3 million in te@ch Emergency Response awards to K-12 schools across the U.S.
with increased enrollment of students displaced by the hurricanes. The awards, in amounts up to $5,000 per school, were given to schools as Best Buy gift cards to be applied toward improving the classroom experience for all children.

Overall, Best Buy donations for hurricane relief reached $10 million; Best Buy matched $2 million in in-store and online donations in fall 2005 to the American Red Cross Disaster Relief Fund.

About the Best Buy Community Commitment

As a community partner, Best Buy works to encourage ideas and to confront challenges. Through its many philanthropic activities, Best Buy extends its support in times of celebration and in times of need.
In fiscal 2005, Best Buy and the Best Buy Children's Foundation donated $19 million to its communities, approximately 1.5 percent of its prior fiscal year's pretax earnings. The company encourages local volunteerism by providing charitable gifts to organizations where employees volunteer, awards annual scholarships to graduating high-school seniors, and supports schools using technology to enhance learning through the Best Buy te@ch program. Best Buy works with the Red Cross to provide support in times of disaster, including a donation of more than $2 million in fiscal 2006 for its Disaster Relief Fund. Additionally, Best Buy earmarked $8 million to help "reboot and rebuild" schools damaged, destroyed, or overcapacity after Hurricanes Katrina and Rita. The company also connects with the United Way to meet local community needs, and supports national organizations innovatively using technology in youth education. In addition, Best Buy is committed to environmental responsibility. Last year, the company collected and recycled nearly 1 million pounds of used and obsolete electronic items though special mass collection events and everyday collection of cellular phones, ink jet cartridges and rechargeable batteries. For more information about Best Buy's community relations efforts, visit http://www.BestBuy.com/CommunityRelations.

About Best Buy Co., Inc.

Best Buy Co., Inc. (NYSE:BBY) is an innovative Fortune 100 growth company that continually strives to create superior customer experiences. Through more than 940 retail stores across the United States and in Canada, our employees connect customers with technology and entertainment products and services that make life easier and more fun. We sell consumer electronics, home-office products, entertainment software, appliances and related services. A Minneapolis-based company, our operations include: Best Buy (BestBuy.com and BestBuyCanada.ca), Future Shop (FutureShop.ca), Geek Squad (GeekSquad.com and GeekSquad.ca) and Magnolia Audio Video (Magnoliaav.com). We support our communities through employee volunteerism and grants from The Best Buy Children's Foundation.

Copyright Business Wire 2006

Best Buy Company, Inc.

Best Buy Company, Inc.

Giving back to our communities is central to the way we do business at Best Buy. Whether it’s funding innovative programs that make learning fun for kids, providing te@ch awards to K-12 schools each year, supporting the United Way and American Red Cross, or mobilizing TagTeam volunteers throughout the country, we are privileged to help strengthen our communities.

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