Aida M. Alvarez Former Administrator of the U.S.

Small Business Administration and member of President Bill Clinton's Cabinet in 1997 to 2001 Director of the Office of Federal Housing Enterprise Oversight, the financial regulator of Fannie Mae and Freddie Mac, from 1993 to 1997 A director for UnionBanCal Corporation A member of the diversity advisory board for Deloitte & Touche LLP Aida joined the board in 2006 James W. Breyer The Managing Partner of Accel Partners A director of RealNetworks, Inc., Marvel Entertainment, Inc., and several private companies Jim joined the Board in 2001 M. Michele Burns Chairman and CEO of Mercer Human Resource Consulting, a subsidiary of Marsh and McLennan Companies, Inc. A director for Cisco Systems, Inc. Michele joined the Board in 2003 James I. Cash, Jr. Retired James E. Robison Professor of Business Administration at Harvard Business School Former Senior Associate Dean and Chairman of HBS Publishing A director of The Chubb Corporation, General Electric Company and other private companies, and former director of Microsoft Corporation. James joined the board in 2006 Roger C. Corbett Retired CEO and Group Managing Director of Woolworths Limited, a retail company in Australia A director of The Reserve Bank of Australia, Fairfax Media Limited, and Chairman of the board of directors ALH Group Pty Limited. Roger joined Wal-mart's Board in 2006 Douglas N. Daft Retired Chairman of the Board and CEO of The CocaCola Company A director of The McGraw-Hill Companies, Inc. Doug joined Wal-mart's Board in 2005 Michael T. Duke President and Chief Executive Officer, Wal-Mart Stores, Inc. Mike joined the Board in 2008

Gregory B. Penner General partner at Madrone Capital Partners, an investment management firm From 2002 to 2005, he served as Wal-marts Senior Vice President and Chief Financial Officer - Japan Former financial analyst for Goldman Sachs A member of the board of directors of Baidu.com, Inc. Board of directors of 99Bill Corporation A member of the board of directors of Cuill A member of the board of directors of Global Hyatt Corp. Greg joined the Board in 2008 Steven S Reinemund Dean of Business and Professor of Leadership and Strategy at Wake Forest University Retired Chairman and CEO of PepsiCo, Inc. A director of Exxon Mobil Corporation, American Express Company, and Marriott International, Inc. Steve joined the Board in 2010 H. Lee Scott, Jr. Chairman of the Executive Committee of the Board of Directors of Wal-Mart Stores, Inc. and Former Chief Executive Officer Lee has been a member of the Board since 1999 Arne M. Sorenson Executive vice president and chief financial officer of Marriott International, Inc., a position he has held since 1998. Former partner in the law firm of Latham & Watkins in Washington, D.C. Arne joined the Board in 2008 Jim C. Walton Chairman of the board and CEO of Arvest Bank Group, Inc. Chairman of the board of Community Publishers, Inc. Jim joined the Board in 2005 S. Robson Walton Chairman of the Board of Directors Rob has been a member of the Board since 1978

Christopher J. Williams Chairman and CEO of The Williams Capital Group, L.P. Chairman and CEO of Williams Capital Management, LLC A director of Harrah's Entertainment, Inc. Chris has been a member of the Board since 2004 Linda S. Wolf Former chairman of the board and CEO of Leo Burnett Worldwide, Inc., a division of Publicis Groupe S.A. A trustee for investment funds advised by the Janus Capital Group, Inc. Linda been a member of the Board since 2005

Sam's Choice, originally introduced as Sam's American Choice in 1991, is premium retail brand in food and selected hard goods. Compared to Great Value products and to other national brands, Sam's Choice is positioned as a premium retail brand and is offered at a price competitive with standard national brands. Great Value was launched in 1993 and forms the second tier, or national brand equivalent ("NBE"), of Wal-mart's grocery branding strategy. Equate is a brand used for consumable pharmacy and health and beauty items, such as shaving cream, skin lotion, over-the-counter medications, and pregnancy tests. Ol' Roy is Wal-mart's store brand of dog food. Its namesake comes from Sam Walton's bird dog, and has become the number-one selling brand of dog food in the United States, surpassing Nestle's Purina. Ol' Roy was created in 1983 Parent's Choice is the Wal-mart store brand for baby products, including food, diapers, formula, and accessories. Like other Wal-mart store brands, its design and packaging was relaunched in 2010. White Stag is a brand for women's clothing, footwear, and basic jewelry. George is a brand of more formal clothing for men, women and children. It also consists of dress shoes, wallets, belts, and neckties. It was created by the British retailer ASDA in 1990, and since Wal-mart acquired ASDA in 1999, it has maintained and expanded it to other markets, notably the United States, Canada, and Japan. The George brand was named after George Davies, who was its original chief designer Faded Glory is a brand for basic men's, women's, and children's clothing and footwear. It is Wal-mart's primary clothing brand. Jesse James Industrial Workwear is a brand of men's work clothing, named for the motorcycle builder Jesse James. No Boundaries, usually abbreviated as NOBO, is a line of apparel targeted at teenagers and young college students. Simply Basic was previously a brand used for health and beauty items, but is now used primarily for women's sleepwear. Better Homes and Gardens is a product line with designs inspired from the popular magazine of the same name. Canopy is a home product line that features coordinated solutions for rooms and other domestic goods. Some Canopy products are made with organic cotton. Hometrends products include small furniture, tableware and various home decor accessories, such as rugs and faux plants. Mainstays products include curtains, bedding, some small home furnishings, and various other products, including office supplies and kitchen utensils. your zone is a home product line that tailors toward teenagers and college students. @ the Office is a brand used for office supplies and stationery. Best Occasions is a brand used for party decorations and accessories, such as candles and hats. Clear American is used for carbonated and flavored water. Was previously known as Sam's Choice Clear American. Color Place is the brand used for paint and painting tools. Color Place paint is made by Valspar. Douglas is the brand used for budget priced tires. Models include Xtra-Trac and Touring. Some models are made in a Goodyear plant. EverStart is the brand for automotive and lawn mower batteries. The brand is also used for battery related accessories, such as jumper cables. Fire Side Gourmet is used for pre-cooked burgers and steaks, and was previously under the Sam's Choice label. Gold's Gym is used for athletic and exercise equipment such as weights. Named after and licensed from the chain of fitness centers. Holiday Time is used for Christmas items such as Christmas trees, decorations, and wrapping paper. Kid Connection is used primarily for children's toys, but was also used for children's clothing and shoes. Marketside is a brand of fresh foods usually found in Wal-mart's deli, produce, and bakery departments, such as salads, soups, breads, and sandwiches. Ozark Trail is a brand used for outdoor equipment and footwear. Protege is a brand consisting of luggage and travel accessories. Special Kitty is a brand of cat food and litter. SuperTech is Wal-mart's brand of motor oil. The brand is also used on other consumable automotive products, such as oil filters, windshield wiper fluid, and transmission fluid. Wal-mart Family Mobile is Wal-mart's exclusive cell phone (postpaid) service provided through the T-Mobile cellular network. World Table is a brand consisting of foods inspired by international cuisines, such as sauces, snacks, and frozen foods.

Aida M. Alvarez Former Administrator of the U.S. Small Business Administration and member of President Bill Clinton's Cabinet in 1997 to 2001 Director of the Office of Federal Housing Enterprise Oversight, the financial regulator of Fannie Mae and Freddie Mac, from 1993 to 1997 A director for UnionBanCal Corporation A member of the diversity advisory board for Deloitte & Touche LLP Aida joined the board in 2006 James W. Breyer The Managing Partner of Accel Partners A director of RealNetworks, Inc., Marvel Entertainment, Inc., and several private companies Jim joined the Board in 2001 M. Michele Burns Chairman and CEO of Mercer Human Resource Consulting, a subsidiary of Marsh and McLennan Companies, Inc. A director for Cisco Systems, Inc. Michele joined the Board in 2003 James I. Cash, Jr. Retired James E. Robison Professor of Business Administration at Harvard Business School Former Senior Associate Dean and Chairman of HBS Publishing A director of The Chubb Corporation, General Electric Company and other private companies, and former director of Microsoft Corporation. James joined the board in 2006 Roger C. Corbett Retired CEO and Group Managing Director of Woolworths Limited, a retail company in Australia A director of The Reserve Bank of Australia, Fairfax Media Limited, and Chairman of the board of directors ALH Group Pty Limited. Roger joined Wal-mart's Board in 2006 Douglas N. Daft Retired Chairman of the Board and CEO of The CocaCola Company A director of The McGraw-Hill Companies, Inc. Doug joined Wal-mart's Board in 2005 Michael T. Duke President and Chief Executive Officer, Wal-Mart Stores, Inc. Mike joined the Board in 2008

Gregory B. Penner General partner at Madrone Capital Partners, an investment management firm From 2002 to 2005, he served as Wal-marts Senior Vice President and Chief Financial Officer - Japan Former financial analyst for Goldman Sachs A member of the board of directors of Baidu.com, Inc. Board of directors of 99Bill Corporation A member of the board of directors of Cuill A member of the board of directors of Global Hyatt Corp. Greg joined the Board in 2008 Steven S Reinemund Dean of Business and Professor of Leadership and Strategy at Wake Forest University Retired Chairman and CEO of PepsiCo, Inc. A director of Exxon Mobil Corporation, American Express Company, and Marriott International, Inc. Steve joined the Board in 2010 H. Lee Scott, Jr. Chairman of the Executive Committee of the Board of Directors of Wal-Mart Stores, Inc. and Former Chief Executive Officer Lee has been a member of the Board since 1999 Arne M. Sorenson Executive vice president and chief financial officer of Marriott International, Inc., a position he has held since 1998. Former partner in the law firm of Latham & Watkins in Washington, D.C. Arne joined the Board in 2008 Jim C. Walton Chairman of the board and CEO of Arvest Bank Group, Inc. Chairman of the board of Community Publishers, Inc. Jim joined the Board in 2005 S. Robson Walton Chairman of the Board of Directors Rob has been a member of the Board since 1978

Christopher J. Williams Chairman and CEO of The Williams Capital Group, L.P. Chairman and CEO of Williams Capital Management, LLC A director of Harrah's Entertainment, Inc. Chris has been a member of the Board since 2004 Linda S. Wolf Former chairman of the board and CEO of Leo Burnett Worldwide, Inc., a division of Publicis Groupe S.A. A trustee for investment funds advised by the Janus Capital Group, Inc. Linda been a member of the Board since 2005