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Staples Announces a 14 Percent Increase in the Annual Cash Dividend
Supported by Record Full Year 2007 Free Cash Flow of $891 Million
FRAMINGHAM, Mass., Mar 04, 2008 (BUSINESS WIRE) -- Staples, Inc. (Nasdaq: SPLS) announced today an annual cash dividend of $0.33 per share of outstanding common stock, an increase of 14 percent over the prior year's annual cash dividend. The dividend is payable on April 17, 2008, to shareholders of record on March 28, 2008.

About Staples

Staples, Inc. invented the office superstore concept in 1986 and today is the world's largest office products company. With 76,000 talented associates, the company is committed to making it easy to buy a wide range of office products, including supplies, technology, furniture, and business services. With 2007 sales of $19.4 billion, Staples serves consumers and businesses ranging from home-based businesses to Fortune 500 companies in 22 countries throughout North and South America, Europe and Asia. Headquartered outside of Boston, Staples operates more than 2,000 office superstores and also serves its customers through mail order catalog, e-commerce and contract businesses. More information is available at www.staples.com.

SOURCE: Staples, Inc.

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