The Board of Directors of Wal-Mart Stores, Inc., declared a quarterly cash dividend on the common stock of seven cents ($0.07) per share, payable July 9, 2001, to shareholders of record on June 22, 2001.

As of Apr. 30, 2001, the Company had 1702 Wal-Mart stores, 952 Supercenters, 479 SAM’S Clubs and 20 Neighborhood Markets in the United States. Internationally, the Company operated units in Argentina (11), Brazil (20), Canada (176), China (11), Germany (94), Korea (6), Mexico (509), Puerto Rico (17), and United Kingdom (244). Wal-Mart employs more than 962,000 associates in the U.S. and 282,000 internationally. Its securities are listed on the New York and Pacific stock exchanges.