AUSTIN, Texas (July 17, 2007) Whole Foods Market Board of Directors announced it has formed a Special Committee to conduct an independent internal investigation into online financial message board postings related to Whole Foods Market and Wild Oats Markets.

The Special Committee has retained of the firm of Munger, Tolles & Olson LLP to advise it during its investigation.

The Board will refrain from comment until the internal investigation is completed.