Wal-Mart Increases Annual Dividend 31 Percent

BENTONVILLE, Ark., March 8, 2007 -- The Board of Directors of Wal-Mart Stores, Inc. (NYSE: WMT) has approved an increase in the annual dividend to $0.88 per share, a 31% increase from the $0.67 per share paid during fiscal year 2007. For fiscal year ending January 31, 2008, the annual dividend of $0.88 per share will be paid in four quarterly installments of $0.22 per share, according to the following record and payable dates:
                  Record Date            Payable Date

                  March 16, 2007         April 2, 2007
                  May 18, 2007           June 4, 2007
                  August 17, 2007        September 4, 2007
                  December 14, 2007      January 2, 2008

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 2008.

Wal-Mart has increased its dividend every year since its first declared dividend of $0.05 in March 1974.

The Company also announced that April 5, 2007 is the record date for its annual shareholders' meeting that will occur on June 1, 2007.

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 (NYSE) under the symbol WMT. More information about Wal-Mart can be found by visiting http://www.walmartstores.com/investors and http://www.walmartfacts.com. Online merchandise sales are available at http://www.walmart.com and http://www.samsclub.com.

SOURCE Wal-Mart Stores, Inc.

Investor Relations, +1-479-273-8446, or Carol Schumacher, +1-479-277-1498, or Pauline
Tureman, +1-479-277-9558, or Media Relations, Sarah Clark, +1-800-331-0085, all of
Wal-Mart Stores, Inc.
http://www.walmartstores.com