Home Depot To Buy Back 289 Million Shares

Atlanta, GA, September 4, 2007—Home Depot  said it expects to buy back approximately 289.6 million of its shares for $37 per share in a tender offer that expired August 31.

Total cost is approximately $10.7 billion, excluding fees and expenses.

The  289.6 million shares represent approximately 14.6% of the shares outstanding.

The shares expected to be purchased include the 250 million shares the company initially offered to purchase and  39.6 million additional shares.

The number of shares to be purchased and the price per share under the tender offer are preliminary.