This policy sets forth the principles governing communications among Wal-Mart Stores, Inc. (the “Company”) and its directors, officers and associates, on the one hand, and securities analysts, broker-dealers, research organizations and other investment professionals, on the other hand. The Company has adopted this policy to memorialize its existing practices and to ensure the: (1) proper dissemination of information regarding the Company to securities analysts, broker-dealers, research organizations and other investment professionals and (2) Company’s continued compliance with the U.S. federal securities laws regarding selective disclosure of material nonpublic information regarding the Company, including Regulation Fair Disclosure of the Securities Exchange Act of 1934, as amended (“Regulation FD”).
Communication with