Home Depot Completes Sale of HD Supply

Atlanta, GA, August 31, 2007–Home Depot has completed the sale of HD Supply to Bain Capital Partners, The Carlyle Group, and Clayton, Dubilier & Rice. As announced earlier this week, the terms were as follows:

    — Purchase price of $8.5 billion

    — The Home Depot to own a 12.5% equity interest for $325 million

    — The Home Depot guaranteed a $1 billion senior secured loan of HD Supply

Home Depot’s tender offer to purchase up to 250 million shares at a price range of $37 to $42 per share expires at 5 p.m. today. The company said it will also implement its $22.5 billion recapitalization plan announced..