This document summarizes Brad Anderson's presentation at a Lehman Brothers Retail Conference on April 29, 2008. Some key points include: - Technology is increasingly important in customers' lives and Best Buy believes complexity presents opportunities. Inspiring customers is a growth opportunity. - Best Buy's growth model is rooted in employee insights which they believe makes it quicker, less risky, and harder to copy than competitors. - Best Buy's $40 billion scale allows local leaders to customize offerings to each market for greater growth potential.

1. Lehman Brothers
Retail Conference
April 29, 2008

2. Brad Anderson
Vice Chairman and
Chief Executive
Officer

3. Safe Harbor
Cautionary Statement Pursuant to the Private
Securities Litigation Reform Act of 1995
This presentation may contain forward-looking statements,
which are subject to risk and uncertainty. A variety of
factors could cause our actual results to differ materially
from the anticipated results expressed in such forward-
looking statements, including, among other things, factors
listed in our Annual Report on Form 10-K filed with the
SEC on 5/02/07. That 10-K describes additional factors
that could cause actual results to differ materially from
those contemplated by the forward-looking statements
made in this presentation.

4. What We Believe….
• Technology is increasingly important in the lives of our
customers
Complexity is a reality & opportunity
Inspiring the possible is an opportunity
• A growth model rooted in employee insights is…
Quicker
Less risky
Hard to do
Harder to copy
• The customer demand and our philosophy have global
applications
• $40 billion of scale at the command of local insights = options
for greater growth

5. Assets at the Command of
our Leaders
I need a wireless network
Who can I get HDTV from?
I would like a home theater system
What is HDMI, and do I need it?
What is the difference between Plasma and
LCD?
How many minutes do I need on my cell phone
plan?
What appliances help me save on energy
costs?
Can I listen to my iPod through my car
speakers?
How do I get rid of Spyware on my computer?
Can I have a movie Screen in my house?
I want to link my Xbox to my computer
When will all TV’s be digital?
What is 7.1 surround sound?
I need a GPS for my car

6. Sean Skelley
Senior Vice President,
Services

7. Services – Who We Are
Services
=
+ 6% of Domestic
Revenues

8. Services – Positioned for Success
Dominant Product Seller
+
Strong Technology
Service Brand

9. Services – Mix of Domestic
4%
3%
>2.5%
<2.5% 2% 2%
FY06 FY07 FY08
Services as % of Best Buy Domestic Revenues
*
Geek Squad included Appliances installation business
*

10. Computing Services – In-Store
New PC (50%) Old PC (50%)
Unit
Growth
Attach
n/a
Rate
ASP
Revs
Overall, we expect Computing Services to
continue to grow despite product growth
deceleration.
New offerings may increase attachment
rates, expand Old PC repair business, and
maintain ASPs.

11. Home Theater Service
New TV (>99%) Old TV (<1%)
Unit
Growth
Attach
Rate
ASP
Revs
Home Theater business continues to
grow in units, but faces pressure due
to declining product ASPs.
Future growth expected through new
offers (such as Calibration) and Old
TV repair

12. The Future
• Services’ growth model is rooted in the interaction
with the customer and empowerment of our agents
to meet their needs on a local basis.