Wal-Mart Confirms Successful Tender Offer for D&S

Investment provides major foothold in key South American market

BENTONVILLE, Ark. and SANTIAGO, Chile, Jan. 23 /PRNewswire-FirstCall/ --
Wal-Mart Stores, Inc. (NYSE: WMT) confirmed today as successful its tender
offer to acquire Distribucion y Servicio D&S S.A. (DYS), Chile's largest food
retailer.

The offer will result in the acquisition by Wal-Mart of approximately 58.2
percent of the issued and outstanding shares of D&S, including shares
represented as American Depository Shares in the United States. Felipe Ibanez
Scott and Nicolas Ibanez Scott will collectively retain approximately 40.1
percent of the shares of D&S, leaving approximately 1.7 percent held by the
public. The tender offer period commenced Dec. 24 and closed at midnight Jan.
22 local Santiago time.

The final results of the tender offer, including the actual number of shares
tendered to Wal-Mart, will be published in a Notice of Results in Chile this
Sunday, Jan. 25. As was provided in the prospectus, payment for shares that
have been tendered and accepted is expected to begin this Thursday, Jan. 29.

According to Craig Herkert, Wal-Mart Executive Vice President and CEO of the
Americas, "Partnering with D&S, with its strong brands and its position as
Chile's largest food retailer, is an important step in implementing Wal-Mart's
international strategy. We continue to focus on portfolio optimization,
global leverage and winning in every market."

With 2007 net revenues in excess of US $3.8 billion, D&S has more than 180
stores, 10 shopping centers and 85 PRESTO financial services branches. D&S
began as a family-owned operation led by Manuel Ibanez Ojeda in 1957 with its
first supermarket called Almac. The business was expanded by his sons, Felipe
Ibanez Scott and Nicolas Ibanez Scott, who will remain engaged in the
business. With headquarters in Santiago, D&S has more than 34,500
associates. The company operates under a number of different formats
including hypermarkets Hiper de LIDER, supermarkets Express de LIDER, Super
Bodega Acuenta and Ekono convenience stores.

According to Enrique Ostale, Chief Executive Officer of D&S, "This partnership
will allow us to reach even higher levels of excellence in our operations and
customer service. By combining our local retailing knowledge with Wal-Mart's
global expertise, we will create additional growth opportunities for our
company and for our associates. We will also be able to deliver to our
customers a broader selection, better quality and lower prices. We are very
pleased the tender offer was successful."

Herkert agreed. "With the finalization of this transaction, we are bringing
together two strong and similar cultures to create an even stronger D&S
organization," he said. "We share similar structures, formats and feature a
similar broad range of products. More importantly, we share similar values:
integrity, sustainability, care for the associate, local supplier development
and saving people money, so they can live better."

According to Herkert, the transaction will bring additional investment to
Chile, not only in upgraded and new stores, but in associate and supplier
development. Wal-Mart already has a global procurement office in Santiago and
currently exports Chilean products to its stores in the United States and
throughout the world.

"Chile is already a growing global source for seafood, fruits and vegetables.
Our investment will further strengthen Chile as a world-class supplier. Not
only do we provide local suppliers additional global opportunities through
Wal-Mart's global network of stores, we also have a history of collaborating
with suppliers to enhance their productivity, product innovation, quality,
packaging and environmental friendliness."

About Wal-Mart Stores, Inc.(NYSE: WMT)
Wal-Mart Stores, Inc. operates Wal-Mart discount stores, supercenters,
Neighborhood Markets and Sam's Club locations in the United States. The
Company operates in Argentina, Brazil, Canada, China, Costa Rica, El Salvador,
Guatemala, Honduras, Japan, Mexico, Nicaragua, Puerto Rico and the United
Kingdom and, through a partnership, in India. The Company's securities are
listed on the New York Stock Exchange under the symbol WMT. More information
about Wal-Mart can be found by visiting www.walmartstores.com. Online
merchandise sales are available at www.walmart.com and www.samsclub.com.

About Distribucion y Servicio S.A.
D&S is a Chilean company whose stock is traded in the national and
international Stock Exchanges and whose core business is food retail through
the different retail formats such as Express de LIDER supermarkets, Hiper de
LIDER hypermarkets and the Ekono and Acuenta discount formats. In addition to
its retail business, D&S also operates a real estate division, Saitec, which
develops and manages supermarkets and shopping centers and also operates a
financial services division, PRESTO, which provides credit to consumers and a
number of other products and services. More information about D&S can be
found by visiting www.dys.cl.

SOURCE Wal-Mart Stores, Inc.

In the U.S., Kevin Gardner of Wal-Mart Stores, Inc., +1-479-204-6143,
kevin.gardner@wal-mart.com, or in Chile, Barbara Rochefort of
Burson-Marsteller, +1-562-751-7140, barbara.rochefort@bm.com, or Gonzalo
Maffei, +1-562-751-7144, gonzalo.maffei@bm.com; or Wal-Mart Investor
Relations, Carol Schumacher, +1-479-277-1498, or Mike Beckstead,
+1-479-277-9958