Best Buy Announces $2.4 Million in Scholarships to Graduating High School Seniors Nationwide; Eight Seniors Each Receive $25,000 Scholarships

Eight seniors will each receive a $25,000 scholarship (theirwinning essays can be found in the "community relations" link atwww.bestbuy.com):

-- Samantha Barry - Worcester Academy, Worcester, Mass.

-- Emily Chen - Cleveland High School, Northridge, Calif.

-- Maya Das - Pike High School, Indianapolis, Ind.

-- Garrett Downing - Gahanna Lincoln High School, Gahanna, Ohio

-- Elyse Frances Guidas - Thunderbird High School, Phoenix, Ariz.

-- Nicholas Hayden - Academy of Holy Angels, Richfield, Minn.

-- Wendy Liu - Miami Palmetto Sr. High, Pinecrest, Fla.

-- Brian Rountree - Nathan Hale High School, Seattle, Wash.

In addition, 781 students will receive $1,000 scholarships, with$2,000 amounts awarded to 731 students. Scholarship funds will bedistributed in August 2006 to all recipients.

Best Buy received more than 78,200 completed applications for thisyear's scholarship program. Applicants are evaluated based on academicrecords and community involvement; each application included a schooltranscript, as well as references from relevant community serviceorganizations and verification of volunteer hours and scope ofinvolvement. Recipients also must be committed to attending anaccredited college or university in fall 2006. Information about the2007 Best Buy scholarship program will be available later this year.

About the Best Buy Community Commitment

As a community partner, Best Buy works to encourage ideas and toconfront challenges. Through its many philanthropic activities, BestBuy extends its support in times of celebration and in times of need.In fiscal 2005, Best Buy and the Best Buy Children's Foundationdonated $19 million to its communities, approximately 1.5 percent ofits prior fiscal year's pretax earnings. The company encourages localvolunteerism by providing charitable gifts to organizations whereemployees volunteer, awards annual scholarships to graduatinghigh-school seniors, and supports schools using technology to enhancelearning through the Best Buy te@ch program. Best Buy works with theRed Cross to provide support in times of disaster, including adonation of more than $2 million in fiscal 2006 for its DisasterRelief Fund. Additionally, Best Buy earmarked $8 million to help"reboot and rebuild" schools damaged, destroyed, or overcapacity afterHurricanes Katrina and Rita. The company also connects with the UnitedWay to meet local community needs, and supports national organizationsinnovatively using technology in youth education. In addition, BestBuy is committed to environmental responsibility. Last year, thecompany collected and recycled nearly 1 million pounds of used andobsolete electronic items though special mass collection events andeveryday collection of cellular phones, ink jet cartridges andrechargeable batteries. For more information about Best Buy'scommunity relations efforts, visit www.BestBuy.com/CommunityRelations.

About Best Buy Co., Inc.

Best Buy Co., Inc. (NYSE:BBY) is an innovative Fortune 100 growthcompany that continually strives to create superior customerexperiences. Through more than 940 retail stores across the UnitedStates and in Canada, our employees connect customers with technologyand entertainment products and services that make life easier and morefun. We sell consumer electronics, home-office products, entertainmentsoftware, appliances and related services. A Minneapolis-basedcompany, our operations include: Best Buy (BestBuy.com andBestBuyCanada.ca), Future Shop (FutureShop.ca), Geek Squad(GeekSquad.com and GeekSquad.ca) and Magnolia Audio Video(Magnoliaav.com). We support our communities through employeevolunteerism and grants from The Best Buy Children's Foundation.