Beau
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[font=TimesNewRoman,Bold]
[align=left]OUR THREE BASIC BELIEFS[/align][/font]
[align=left]When Sam Walton founded Wal-Mart Stores, Inc. (“Wal-Mart”), he established the[/align]
[align=left]“Three Basic Beliefs” to which we remain firmly committed:[/align]
[align=left]◊ Respect for the Individual[/align]
[align=left]◊ Service to our Customers[/align]
[align=left]◊ Strive for Excellence[/align]
[align=left]The Three Basic Beliefs go hand in hand with the integrity and ethical conduct that is the[/align]
[align=left]foundation of our business.[/align][font=TimesNewRoman,BoldItalic]
[align=left]GUIDING ETHICAL PRINCIPLES[/align][/font][font=TimesNewRoman,BoldItalic]
[align=left]As Wal-Mart Associates and Directors, we must:[/align][/font]
[align=left]• [font=TimesNewRoman,BoldItalic]Follow the law at all times;[/align][/font]
[align=left]• [font=TimesNewRoman,BoldItalic]Be honest and fair;[/align][/font]
[align=left]• [font=TimesNewRoman,BoldItalic]Never manipulate, misrepresent, abuse or conceal information;[/align][/font]
[align=left]• [font=TimesNewRoman,BoldItalic]Avoid conflicts of interest between work and personal affairs;[/align][/font]
[align=left]• [font=TimesNewRoman,BoldItalic]Never discriminate against anyone;[/align][/font]
[align=left]• [font=TimesNewRoman,BoldItalic]Never act unethically - even if someone else instructs you to do so;[/align][/font]
[align=left]• [font=TimesNewRoman,BoldItalic]Never ask someone to act unethically;[/align][/font]
[align=left]• [font=TimesNewRoman,BoldItalic]Seek assistance if you have questions about this Statement of Ethics or if you face an[/align]
[align=left]ethical dilemma;[/align][/font]
[align=left]• [font=TimesNewRoman,BoldItalic]Cooperate with any investigation of a possible ethics violation; and[/align][/font]
• [font=TimesNewRoman,BoldItalic]Report ethics violations or suspected violations.
[/font]
[font=TimesNewRoman,Bold]
[align=left]OUR THREE BASIC BELIEFS[/align][/font]
[align=left]When Sam Walton founded Wal-Mart Stores, Inc. (“Wal-Mart”), he established the[/align]
[align=left]“Three Basic Beliefs” to which we remain firmly committed:[/align]
[align=left]◊ Respect for the Individual[/align]
[align=left]◊ Service to our Customers[/align]
[align=left]◊ Strive for Excellence[/align]
[align=left]The Three Basic Beliefs go hand in hand with the integrity and ethical conduct that is the[/align]
[align=left]foundation of our business.[/align][font=TimesNewRoman,BoldItalic]
[align=left]GUIDING ETHICAL PRINCIPLES[/align][/font][font=TimesNewRoman,BoldItalic]
[align=left]As Wal-Mart Associates and Directors, we must:[/align][/font]
[align=left]• [font=TimesNewRoman,BoldItalic]Follow the law at all times;[/align][/font]
[align=left]• [font=TimesNewRoman,BoldItalic]Be honest and fair;[/align][/font]
[align=left]• [font=TimesNewRoman,BoldItalic]Never manipulate, misrepresent, abuse or conceal information;[/align][/font]
[align=left]• [font=TimesNewRoman,BoldItalic]Avoid conflicts of interest between work and personal affairs;[/align][/font]
[align=left]• [font=TimesNewRoman,BoldItalic]Never discriminate against anyone;[/align][/font]
[align=left]• [font=TimesNewRoman,BoldItalic]Never act unethically - even if someone else instructs you to do so;[/align][/font]
[align=left]• [font=TimesNewRoman,BoldItalic]Never ask someone to act unethically;[/align][/font]
[align=left]• [font=TimesNewRoman,BoldItalic]Seek assistance if you have questions about this Statement of Ethics or if you face an[/align]
[align=left]ethical dilemma;[/align][/font]
[align=left]• [font=TimesNewRoman,BoldItalic]Cooperate with any investigation of a possible ethics violation; and[/align][/font]
• [font=TimesNewRoman,BoldItalic]Report ethics violations or suspected violations.
[/font]