| Explanation of Responses: |
| (1) | Each performance share unit represented a contingent right to receive one share of the Issuer's common stock upon the achievement of certain pre-established metrics over the three-year performance period ending at the end of fiscal 2024. |
| (2) | Direct holdings include 97 shares acquired under the Lowe's Employee Stock Purchase Plan. |
| (3) | Reflects shares delivered by reporting person to satisfy withholding taxes due upon vesting of performance share units and restricted shares granted on April 1, 2022. |
| (4) | Restricted stock granted pursuant to 2006 Long Term Incentive Plan. These shares will fully vest on April 1, 2028. |
| (5) | At the vest date, the performance share units earned converted into an equivalent number of shares of the Issuer's common stock. |
| (6) | This option vests in three annual installments beginning on April 1, 2026. |
