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Staples, Inc. To File Universal Shelf Registration

Friday, November 8, 2002 7:00 am EST

Dateline:

FRAMINGHAM, Mass.

Public Company Information:

NASDAQ:
SPLS

FRAMINGHAM, Mass.--(BUSINESS WIRE)--Staples, Inc. (Nasdaq: SPLS) today is filing a universal shelf registration for any combination of debt or equity securities totaling $500 million. The registration provides Staples the flexibility to access capital markets as necessary and the ability to be opportunistic should market conditions become favorable. Staples has no immediate plans to draw upon the registration.

About Staples

Staples, Inc. is an $11 billion retailer of office supplies, business services, furniture and technology to consumers and businesses from home-based businesses to Fortune 500 companies in the United States, Canada, the United Kingdom, France, Italy, Spain, Belgium, Germany, the Netherlands and Portugal. Headquartered outside Boston, Staples invented the office superstore concept and today is the largest operator of office superstores in the world. The company has approximately 55,000 associates serving customers through more than 1,400 office superstores, mail order catalogs, e-commerce and a contract business. More information about the company is available at http://www.staples.com.

This press release contains forward-looking statements regarding our ability to access capital markets in the future. These forward-looking statements involve a number of risks and uncertainties. Among the important factors that could cause actual results to differ materially from those indicated in such forward-looking statements include uncertainties relating to market conditions for corporate equity and debt securities in general and our securities in particular. While we may elect to update forward-looking statements at some point in the future, we specifically disclaim any obligation to do so.

Contact:

Staples, Inc. (Media Contact)
Paul Capelli, 508/253-8530
Vice President, Public Relations
or
Staples, Inc. (Investor Contact)
Laurel Lefebvre, 508/253-4080
Director, Investor Relations

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