CORPORATE CAMPUS
Best Buy Co., Inc.
7601 Penn Avenue South
Richfield, MN 55423-3645
Phone: (612) 291-1000

INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM
Ernst & Young LLP (fiscal 2005)
Deloitte & Touche LLP (fiscal 2006)

GENERAL COUNSEL
Robins, Kaplan, Miller
& Ciresi L.L.P.

ANNUAL SHAREHOLDERS’ MEETING
June 23, 2005, 9:30 a.m. (CDT)
Best Buy Corporate Campus—Theater

If you have a proposal for a future meeting, please send it to Jennifer Driscoll in the Investor Relations Department at our Corporate Campus in Richfield. The deadline for proposals to be considered at the 2006 regular meeting of shareholders is Jan. 21, 2006. More details are included in our proxy statement.

GENERAL INFORMATION
Shareholders may access Best Buy’s SEC filings, annual reports and quarterly financial results by visiting our corporate Web site, www.BestBuy.com. Scroll toward the bottom of the page and select “For Our Investors.” A Web-based e-mail notification system also is available under “E-mail Alerts” to alert subscribers to new financial releases, SEC filings, upcoming events and other significant postings.

You also may visit our Web site to obtain product information, company background information, current news and financial information. Or, write to:

Best Buy Co., Inc.—Investor Relations
Attn: Jennifer Driscoll
7601 Penn Avenue South
Richfield, MN 55423-3645
Phone: (612) 291-6111

Site created by: The Nancekivell Group

TRANSFER AGENT
For questions regarding your stock certificates—such as lost certificates, name changes and transfers of ownership— please contact our transfer agent:

EquiServe Trust Company, N.A.
P.O. Box 43069
Providence, RI 02940-3069
Phone: (800) 446-2617 or
(781) 575-2692
Hearing impaired: (800) 490-1493
www.equiserve.com

DIVIDEND POLICY
In fiscal 2004, Best Buy initiated a quarterly cash dividend to holders of common shares. The quarterly rate was 11 cents per common share at the end of fiscal 2005.

DIRECT STOCK PURCHASE PLAN
You may purchase Best Buy’s common stock and/or elect to reinvest your dividends directly through our transfer agent. To obtain information on the plan or to enroll:

By Mail:
EquiServe Investment Plan
for Best Buy
c/o EquiServe
P.O. Box 43081
Providence, RI
02940-3081
By Phone: (877) 498-8861

By Internet: Go to www.BestBuy.com.
Scroll toward the bottom of the page, select “For Our Investors” and then “Direct Stock Purchase Plans.”

FINANCIAL RELEASES
FOR FISCAL 2006
Quarterly earnings releases normally are distributed at 8 a.m., Eastern time.
Quarterly earnings conference calls normally are scheduled at 10 a.m., Eastern time. The time of the December revenue conference call varies. All dates and times are subject to change without notice.

SHAREHOLDERS AT A GLANCE
As of February 26, 2005, the percentage of shares beneficially held by directors and executive officers (25 people) was 18 percent, and Founder and Chairman Richard M. Schulze held 51 million shares beneficially (16 percent of shares outstanding).

As of December 31, 2004, the number of institutional shareholders was 735. The percentage of shares held by institutional shareholders was 73.4 percent. The top institutional shareholders were:*

Capital Research &
Management Company
27.5 million shares
(8.4 percent of shares outstanding)

Wellington Management Company, LLP
10.3 million shares

Barclays Global Investors, U.S.
10.0 million shares

Fidelity Investments
8.6 million shares

T. Rowe Price Associates, Inc.
8.1 million shares

*Source: Citigate Financial Intelligence