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Staples, Inc. to Offer Shares of its Common Stock

Wednesday, May 28, 2003 7:00 am EDT

Dateline:

FRAMINGHAM, Mass.

Public Company Information:

NASDAQ:
SPLS

FRAMINGHAM, Mass.--(BUSINESS WIRE)--Staples, Inc. (NASDAQ: SPLS) today announced that it is making a public offering of 12,000,000 shares of its common stock (with up to an additional 1,800,000 shares to cover over-allotments, if any). All of the shares are being offered by Staples. The shares of common stock will be offered pursuant to Staples' effective shelf registration statement in an offering jointly managed by Credit Suisse First Boston and Goldman, Sachs & Co. Staples intends to use the net proceeds from the sale of its common stock for working capital and general corporate purposes.

This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities 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. A shelf registration statement relating to the shares that Staples intends to sell has previously been filed with, and declared effective by, the Securities and Exchange Commission. Any offer, if at all, will be made only by means of a prospectus, including a prospectus supplement, forming a part of the effective registration statement.

About Staples

Staples, Inc. is an $11.6 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 58,000 associates serving customers in approximately 1,500 office superstores, mail order catalogs, e-commerce and a contract business. More information about the company is available at http://www.staples.com.

Contact:

Staples
Media Contacts:
Paul Capelli or Deborah Hohler
508/253-8530/8509
or
Investor Contact:
Laurel Lefebvre, 508/253-4080
laurel.lefebvre@staples.com

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