MINNEAPOLIS--(BUSINESS WIRE)--May 22, 2007--As part of its ongoing efforts to promote engaging learning experiences and strengthening communities in which its employees work and live, Best Buy has announced the recipients of its annual scholarship award program. A total of 1,742 graduating high school seniors across the United States will receive more than $2.7 million in scholarships in 2007.

Sixteen seniors will each receive a $10,000 scholarship. Their winning essays can be found in the "community relations" link at www.bestbuy.com. Recipients are:

-- Evan Eliason - Concordia Academy, Roseville, Minn.

-- Daniel Bernal - Pusch Ridge Christian Academy, Tucson, Ariz.

-- Jason Lipshin - Esperanza High School, Anaheim, Calif.

-- Jarett Heskett - Sierra High School, Manteca, Calif.

-- Carolina Bracamonte - Hoover High School, San Diego, Calif.

-- Elaine Trinh - Silver Creek High School, San Jose, Calif.

-- Alexandrya Holley - MacArthur High School, Irving, Tex.

-- Katherine Throneburg - Charlotte Country Day School, Charlotte, N.C.

-- Austin Hook - Divine Child High School, Dearborn, Mich.

-- Emily Rourk - Summerville High School, Summerville, S.C.

-- Laura Irastorza - Our Lady of Lourdes Academy, Miami, Fla.

-- Kyle Amber - Miami Palmetto Senior High School, Pinecrest, Fla.

-- Ryan Gavigan - Vineland High School, Vineland, N.J.

-- Stephanie Cole - Villa Duchesne/Oak Hill School, St. Louis, Mo.

-- Danielle Zaragoza - Professional Performing Arts School, New York, N.Y.

-- Zakiya Williams - Gwendolyn Brooks College Prep Academy, Chicago, Ill.

In addition, 1,726 students will each receive $1,500 scholarships. Funds will be distributed in August 2007 to all recipients.

This year, Best Buy received more than 67,500 completed applications for its scholarship award program. Applicants are evaluated based on academic records and community involvement; each finalist application included a school transcript, as well as references from relevant community service organizations and verification of volunteer hours and scope of involvement. Recipients also must be committed to attending an accredited college or university for the fall 2007 semester. Applications for the 2008 Best Buy scholarship program will be made available in January 2008 at www.bestbuy.com/communityrelations.

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 2006, Best Buy and the Best Buy Children's Foundation donated $30 million to its communities. 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 Teach Award program. Best Buy works with the Red Cross to provide support in times of disaster. 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 www.BestBuy.com/CommunityRelations.

About Best Buy Co., Inc.

Best Buy Co., Inc. (NYSE:BBY) operates a global portfolio of brands with a commitment to growth and innovation. Our employees strive to provide customers around the world with superior experiences by responding to their unique needs and aspirations. We sell consumer electronics, home-office products, entertainment software, appliances and related services through more than 1,150 retail stores across the United States, throughout Canada and in China. Our multi-channel operations include: Best Buy (BestBuy.com, BestBuy.ca and BestBuy.com.cn), Future Shop (FutureShop.ca), Geek Squad (GeekSquad.com and GeekSquad.ca), Pacific Sales Kitchen and Bath Centers (PacificSales.com), Magnolia Audio Video (Magnoliaav.com) and Jiangsu Five Star Appliance Co. (Five-Star.cn). Best Buy supports the communities in which its employees work and live through volunteerism and grants that benefit children and education.

Copyright Business Wire 2007

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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