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Wal-Mart's Statement Concerning Ambassador Young's Comments

BENTONVILLE, Ark., August 17, 2006 -- Ambassador Young’s comments do not represent our feelings toward the Jewish, Asian or Arab communities or any diverse community.  Needless to say, we were outraged when the comments came to our attention.  We were also dismayed that they would come from someone who has worked so hard for so many years for equal rights in this country.

Ambassador Young has done the right thing to apologize and to ask for our retraction.  We also support his decision to resign from the post of chairman of Working Families for Wal-Mart.  The Ambassador has asked for forgiveness.  Though there is no justification for his comments, we do hope that people will reflect on the contributions he has made throughout his life, not just this one unfortunate and regrettable incident.

About Wal-Mart Stores, Inc.
Wal-Mart Stores, Inc. operates Wal-Mart Stores, Supercenters, Neighborhood Markets and SAM’S CLUB locations in the United States.  The company also operates in Argentina, Brazil, Canada, China, Costa Rica, El Salvador, Germany, Guatemala, Honduras, Japan, Mexico, Nicaragua, Puerto Rico, South Korea and the United Kingdom.  The company’s securities are listed on the New York and NYSE Arca stock exchanges under the symbol WMT.  More information about Wal-Mart can be found by visiting www.walmartfacts.com.