Best Buy Announces Scholarship Opportunity for College-Bound Students

Company will award $1.2 Million in Scholarships through @15

MINNEAPOLIS, December 27, 2010 – Best Buy Co., Inc. (NYSE:BBY) today announced the launch of its 2011 @15 Scholarship program, which will award up to 1,200 scholarships of $1,000 each to students in grades 9 through 12 living in the United States and Puerto Rico, who plan to enter a full-time undergraduate course of study upon graduation from high school. Since its inception in 1999, Best Buy’s @15 Scholarship program, formerly known as the Best Buy Scholarship program, has awarded over $18.5 million of scholarship dollars to more than 14,300 teenagers across the country. “Best Buy’s @15 Scholarship program is an investment in this country’s next generation of leaders – an investment that will pay dividends for all of us,” said Brian J. Dunn, CEO of Best Buy. “Providing teens with access to higher education is just one of the ways Best Buy helps teens make a difference for themselves and, ultimately, their communities.”

Winners will be selected based on their outstanding commitment to and involvement in community service or work experience, along with a solid academic performance. The nonrenewable, one-time scholarship is open to students from public, private, alternative and home school backgrounds as well as to Best Buy employees and their relatives. The application process is handled entirely online; paper applications will not be accepted. Details and access to the application can be found at www.at15.com and www.bestbuy-communityrelations.com.

The deadline for scholarship applications is February 16, 2011. Winners will be announced May 11, 2011 on http://at15.com and www.bestbuy-communityrelations.com.