Best Buy Announces $6 Million in Funding for Twin Cities Nonprofit Organizations.

MINNEAPOLIS -- Best Buy Co., Inc. (NYSE:BBY):

E[acute accent]--Capital gifts designated exclusively for technology/education initiatives

E[acute accent]--University of Minnesota receives stadium sponsorship funding

E[acute accent]--Minneapolis Public Library to feature Best Buy Technology Training Center

E[acute accent]Four nonprofit organizations in the Twin Cities have received a total of $3.5 million in fiscal year 2006 capital gifts from Best Buy and the Best Buy Children's Foundation. In addition, the company pledged $2.5 million in sponsorship funding for the University of Minnesota football stadium project. E[acute accent]The following local organizations have received capital gifts from the Best Buy Children's Foundation for technology and education programs: E[acute accent]Minneapolis Public Library: $500,000. The library will feature the Best Buy Technology Training Center, providing public Web access, computer training and support. E[acute accent]Minneapolis Institute of Arts: $1 million, for its "Bring Art to Life" campaign. E[acute accent]Boys and Girls Clubs of the Greater Twin Cities: $1 million, for its "Bridge to the Future" campaign. E[acute accent]Minnesota Public Radio: $1 million, for its "Campaign for Minnesota Public Radio: The Next Standard." E[acute accent]"Technology is an amazing conduit to help kids learn and understand our world," said Paula Prahl, vice president, public affairs, Best Buy. "We are the leader in providing technology and services that make people's lives easier. And we applaud and support the efforts of nonprofit organizations that apply technology in new and exciting ways to make learning easy and fun for children in the Twin Cities and throughout the state." E[acute accent]The awards underscore the company and foundation commitment to support community initiatives bringing technology and education together to make learning easy and fun for children. In the past year, the Best Buy Children's Foundation provided more than $1.25 million in program support for nonprofit programs and organizations across the state, and gave $130,000 in te@ch awards to Minnesota schools. Additionally, Best Buy just concluded its final contributions in a four-year, $1 million grant to the Richfield Kids Technology Initiative.

E[acute accent]About Best Buy's Community Commitment

E[acute accent]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 for its Disaster Relief Fund in response to Hurricane Katrina. 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.

E[acute accent]About Best Buy Co., Inc.

E[acute accent]Best Buy Co., Inc. (NYSE:BBY) is an innovative Fortune 100 growth company that continually strives to create superior customer experiences. Through more than 840 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 BestBuy.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.