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Staples, Inc. Announces Proposed Public Offering of Senior Notes

Tuesday, March 24, 2009 10:09 am EDT

Dateline:

FRAMINGHAM, Mass.

Public Company Information:

NASDAQ:
SPLS

FRAMINGHAM, Mass.--(BUSINESS WIRE)--Staples, Inc. (Nasdaq: SPLS) announced today the proposed public offering of its senior notes. The public offering will be made pursuant to an effective shelf registration statement on file with the U.S. Securities and Exchange Commission. The proceeds from the proposed public offering will be used to repay its outstanding debt related to its commercial paper program, as well as for general corporate purposes.

Barclays Capital Inc., Banc of America Securities LLC and HSBC Securities (USA) Inc. are acting as joint book-running managers.

This press release shall not constitute an offer to sell, or the solicitation of an offer to buy, Staples' senior notes or any other securities, nor shall there be any sale of securities mentioned in this press release in any state in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state.

The offering of senior notes may be made only by means of a prospectus and prospectus supplement. A copy of the prospectus and prospectus supplement relating to the securities can be obtained from Barclays Capital Inc., (888) 227-2275 ext. 2663; Banc of America Securities LLC, (800) 294-1322; or HSBC Securities (USA) Inc., (866) 811-8049.

About Staples

Staples, the world's largest office products company, is committed to making it easy for customers to buy a wide range of office products, including supplies, technology, furniture, and business services. With 2008 sales of $23 billion and 91,000 associates worldwide, Staples serves businesses of all sizes and consumers in 27 countries throughout North and South America, Europe, Asia and Australia. In July 2008, Staples acquired Corporate Express, one of the world's leading suppliers of office products to businesses and institutions. Staples invented the office superstore concept in 1986 and is headquartered outside Boston.

Forward-Looking Statements

Certain information contained in this press release constitutes forward-looking statements for purposes of the safe harbor provisions of The Private Securities Litigation Reform Act of 1995, including the statements regarding our intention to issue notes and our expected use of proceeds. These statements relate to future events and can generally be identified by words such as "expects" and "intends". Forward-looking statements are inherently uncertain. The success of the offering and the sale of the notes are subject to a number of conditions, not all of which are within Staples' control. There is no assurance that Staples will successfully complete the proposed offering or apply the proceeds of the offering as presently intended. Actual results may differ materially from those indicated by such forward-looking statements as a result of risks and uncertainties, including but not limited to changes in national or regional economies, changes in the interest rate environment and other factors discussed or referenced in our most recent annual report on Form 10-K filed with the SEC, under the heading "Risk Factors" and elsewhere, and any subsequent periodic or current reports filed by us with the SEC. In addition, any forward-looking statements speak only as of the date such statements are made. While we may elect to update forward-looking statements at some point in the future, we specifically disclaim any obligation to do so.

Contact:

Media Contacts:
Staples, Inc.
Paul Capelli/Owen Davis, 508-253-8530/8468
or
Investor Contacts:
Staples, Inc.
Laurel Lefebvre/Chris Powers, 508-253-4080/4632

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