Exhibit 99.5
[Letterhead of]
[NationsBanc Montgomery Securities LLC]
February 17, 1999
Board of Directors
Eagle Hardware & Garden, Inc.
981 Powell Avenue SW
Renton, WA 98055
Gentlemen:
We hereby consent to the inclusion of our opinion letter dated
November 21, 1998, to the Board of Directors of Eagle Hardware & Garden, Inc.
("Eagle") regarding the proposed merger between Eagle and a wholly-owned
subsidiary of Lowe's Companies, Inc. ("Lowe's"), in Lowe's Registration
Statement on Form S-4 (the "Registration Statement") to be filed with the
Securities and Exchange Commission on February 18, 1999, and to the references
therein to our firm and to our opinion under the headings "Recommendations of
the Eagle Board", "Background and Reasons for the Merger", and "Opinion of
Financial Advisor". In giving the foregoing consent, we do not admit and we
hereby disclaim (i) that we come within the category of persons whose consent is
required under Section 7 of the Securities Act of the 1933, as amended (the
"Securities Act"), or the rules and regulations of the Securities and Exchange
Commission promulgated thereunder, and (ii) that we are experts with respect to
any part of the Registration Statement within the meaning of the term "experts"
as used in the Securities Act and the rules and regulations of the Securities
and Exchange Commission promulgated thereunder.
Very truly yours,
/s/ NationsBanc Montgomery Securities LLC
NATIONSBANC MONTGOMERY SECURITIES LLC