MINNEAPOLIS-November 21, 2012 --The board of directors of Best Buy Co., Inc. (NYSE:BBY) has authorized payment of a regular quarterly cash dividend of $0.17 cents per common share. The quarterly dividend is payable on January 2, 2013 to shareholders of record as of the close of business on December 11, 2012. The company had 337,924,644 shares of common stock issued and outstanding as of November 3, 2012.

About Best Buy Co., Inc.

Best Buy Co., Inc. (NYSE: BBY) is the global leader in consumer electronics, with more than 1,400 large and small-format locations, more than 160,000 employees, $50B in annual revenue and the 11th largest retail website in the United States. Our "Blue Shirt" sales associates and Geek Squad agents are the authority on consumer electronics, delivering unbiased, knowledgeable advice hundreds of millions of times a year and offering unmatched support for the lifetime of the products we sell. Shop our competitively priced products and services at http://www.bestbuy.com/ or stop by one of our Best Buy or Best Buy Mobile stores to touch, test and try the latest technology. To learn more about Best Buy, visit us at http://www.investors.bestbuy.com/. Find us on Facebook at https://www.facebook.com/bestbuy and follow us on Twitter at @BestBuy.

Investor Contacts:

Bill Seymour, Vice President, Investor Relations

(612) 291-6122 or bill.seymour@bestbuy.com

Mollie O'Brien, Director, Investor Relations

(612) 291-7735 or mollie.obrien@bestbuy.com

Media Contacts:

Amy von Walter, Senior Director, Public Relations

(612) 291-4490 or amy.vonwalter@bestbuy.com