Wal-Mart Increases Annual Dividend Eight Percent

March 6, 2008

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BENTONVILLE, Ark., March 6, 2008 -- The Board of Directors of Wal-Mart Stores, Inc. (NYSE: WMT) has approved an increase in the annual dividend to $0.95 per share, an eight percent increase from the $0.88 per share paid during fiscal year 2008. For fiscal year ending Jan. 31, 2009, the annual dividend of $0.95 per share will be paid in four quarterly installments of $0.2375 per share, according to the following record and payable dates:
    Record Date           Payable Date

    March 14, 2008        April 7, 2008
    May 16, 2008          June 2, 2008
    August 15, 2008       September 2, 2008
    December 15, 2008     January 2, 2009

Based upon this announced increase, the Company plans to return more than $3.6 billion to its shareholders in the form of dividends in fiscal year 2009. Wal-Mart has increased its dividend every year since its first declared dividend of $0.05 in March 1974.

Wal-Mart Stores, Inc. operates Wal-Mart discount stores, supercenters, Neighborhood Markets and Sam's Club locations in the United States. The Company operates in Argentina, Brazil, Canada, China, Costa Rica, El Salvador, Guatemala, Honduras, Japan, Mexico, Nicaragua, Puerto Rico and the United Kingdom. The Company's securities are listed on the New York Stock Exchange under the symbol WMT. More information about Wal-Mart can be found by visiting http://www.walmartstores.com. Online merchandise sales are available at http://www.walmart.com and http://www.samsclub.com.

SOURCE Wal-Mart Stores, Inc.