Walmart Statement in Response to December 17 New York Times Article About Allegations of Corruption in Mexico

Mon Dec 17, 2012 8:52pm EST

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BENTONVILLE, Ark.,  Dec. 17, 2012  /PRNewswire/ -- The following statement can
be attributed to  David Tovar, Vice President, Corporate Communications.

"The allegations contained in the  New York Times  article surrounding events in
2003-2004 involving the permitting and licensing process for a Walmart de 
Mexico  store in  Teotihuacan, Mexico, have been part of the company's ongoing
investigation of potential violations of the U.S. Foreign Corrupt Practices Act
we began more than a year ago.

"The Audit Committee of the board, comprised entirely of independent directors,
is overseeing the investigation.  

"We are also continuing to cooperate with the Department of Justice and the
Securities and Exchange Commission on this matter.

"At this point, the investigation is still ongoing and we have not yet reached
final conclusions. A thorough and independent investigation will take time to
complete. We wish we could say more but we will not jeopardize the integrity of
the investigation.

"We are committed to having a strong and effective global anti-corruption
program everywhere we operate and taking appropriate action for any instance of
non-compliance.

"While the investigation is ongoing, we have not waited to act. Over the past 20
months, we have made significant improvements to our compliance programs around
the world and have taken a number of specific, concrete actions with respect to
our processes, procedures and people.

"Over the past several months we have:

* Established several new compliance positions around the world;  
* Directed more than 300 third-party legal and accounting experts who have
dedicated in excess of 79,000 hours to this effort;  
* Conducted more than 85 in-country visits and more than 1,000 interviews of
market personnel;  
* Spent more than  $35 million  on new processes and procedures; and  
* Conducted training sessions attended by more than 19,000 associates.

"We recognize that our effort to date is a work in progress and there is more to
be done as we continue building a world-class FCPA compliance program."

Please click  here  for more information about Walmart's recent global
compliance action steps.

About Walmart  
Wal-Mart Stores, Inc. (NYSE: WMT) helps people around the world save money and
live better - anytime and anywhere - in retail stores, online, and through their
mobile devices.  Each week, more than 200 million customers and members visit
our 10,400 stores under 69 banners in 27 countries and e-commerce websites in 10
countries. With fiscal year 2012 sales of approximately  $444 billion, Walmart
employs more than 2.2 million associates worldwide. Walmart continues to be a
leader in sustainability, corporate philanthropy and employment opportunity.
Additional information about Walmart can be found by visiting 
http://corporate.walmart.com, on Facebook at  http://facebook.com/walmart and on
Twitter at  http://twitter.com/walmartnewsroom. Online merchandise sales are
available at  http://www.walmart.com and  http://www.samsclub.com.

SOURCE  Wal-Mart Stores, Inc.


Investors, Carol Schumacher, +1-479-277-1498, or Media, David Tovar,
1-800-331-0085, https://news.walmart.com/reporter
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