Best Buy Awards Consumer Electronics Recycling Grants to 60 Organizations Across U.S.

Program draws 500 applications in first two months;

Nearly $70,000 awarded to-date to help increase electronics recycling opportunities for consumers nationwide

MINNEAPOLIS--()--Best Buy Co., Inc. has awarded its first wave of consumer electronics recycling grants, totaling nearly $70,000, to help 60 organizations in 23 states host their own recycling events. More than 500 applications were received in the first two months of the program, which is part of Best Buys commitment to help consumers nationwide make safe, responsible decisions when disposing of old and unwanted consumer electronics. A complete list of recipients to-date can be found at www.bestbuy.com/recycling.

The awards come on the heels of Best Buys seventh annual corporate campus recycling event in Richfield, Minn. Over two days in June, Twin Cities residents recycled an estimated 500 tons (more than 1 million pounds) of e-waste at the companys corporate headquarters.

Consumers are increasingly seeking ways to responsibly dispose of old or obsolete electronics, said Paula Prahl, vice president, public affairs, Best Buy. As we continue to host our own events, we are proud to also support local programs through this grant program to extend those options for consumers across the U.S. and help ensure these items are properly recycled.

Grants awarded in this wave average $1,150. The program provides two streams of grants - support for events hosted by 501(C)3 nonprofit organizations, and support for events hosted by other organizations in cities and townships across the country (e.g., cities, counties, public-private partnerships). All qualified organizations are invited to apply. Grant applications are available online at http://www.surveymonkey.com/s.asp?u=725063232472, or via www.bestbuy.com/recycling.

The Best Buy grant program is one of the ways that the company makes it easy for consumers to recycle e-waste:

Free recycling drop-off kiosks These kiosks, just inside the door of every U.S. Best Buy store, collected more than 90,000 pounds in 2006 of old cell phones, rechargeable batteries and ink-jet cartridges. Consumers can drop off the items at these kiosks for free.

Recycling events Best Buy hosts and/or sponsors weekend recycling events in its store parking lots across the U.S. This year, Best Buy is hosting events in Florida, Minnesota, Washington, California, Massachusetts and several other states. Since 2001, these events have collected more than 5 million pounds of e-waste.

Services and haul-away programs Through its services and customer haul away programs in 2006, Best Buy recycled more than 13 million pounds of e-waste. For a nominal fee, Best Buy will haul away and recycle consumers televisions, monitors and appliances when new purchases are delivered to their homes.

Mail-in cell phone recycling New cell phone customers receive free, postage-paid envelopes to mail old phones to ReCellular, a cell phone reuse/recycling partner of Best Buy.

For more information, visit www.bestbuy.com/recycling.

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 approximately 1,200 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), Jiangsu Five Star Appliance Co. (Five-Star.cn) and Speakeasy (Speakeasy.net). Best Buy supports the communities in which its employees work and live through volunteerism and grants that benefit children and education.

Contacts

Media Contacts:
Best Buy
Kelly Groehler, 612-291-6115
kelly.groehler@bestbuy.com
or
Ketchum
Kerri Miglionico-Phipps, 646-935-4008
kerri.miglionico-phipps@ketchum.com

Contacts

Media Contacts:
Best Buy
Kelly Groehler, 612-291-6115
kelly.groehler@bestbuy.com
or
Ketchum
Kerri Miglionico-Phipps, 646-935-4008
kerri.miglionico-phipps@ketchum.com