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Staples Inc. Announces 11 Million Share Secondary Offering
    Business Editors

    FRAMINGHAM, Mass.--(BUSINESS WIRE)--June 25, 1999--Staples Inc. (NASDAQ:SPLS) today announced it has filed a registration statement with the Securities and Exchange Commission for a proposed secondary offering of 11,107,473 shares of its common stock. The shares will be sold by the Miller family, former owners of Quill Corporation, which was acquired by Staples in May 1998.

The registration statement also covers an additional 1,666,121 shares, also being sold by the Miller family, that will be subject to an option to be granted to the underwriters to enable them to cover over-allotments in the offering, if any. Staples will not receive any proceeds from the offering.

Morgan Stanley Dean Witter and Goldman, Sachs & Co. are joint book-running managers for the offering. Staples Inc. is a $7 billion retailer of office supplies, furniture and technology to consumers and businesses in the United States, Canada, the United Kingdom and Germany. The company has over 44,000 employees serving customers through more than 900 office superstores, mail order catalogs, e-commerce and a contract business.

The offering may be made only by a prospectus meeting the requirements of Section 10 of the Securities Act of 1993, which may be obtained from the managers referred to above when available. A registration statement relating to the securities has been filed with the Securities and Exchange Commission, but has not yet become effective. These securities may not be sold, nor may offers to buy be accepted, prior to the time the registration statement becomes effective. This announcement shall not constitute an offer to sell or the solicitation of any offer to buy, nor shall there be any sale of these securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction.

     --30--et/ny*

     CONTACT:  Staples Inc., Framingham
               Media Contact:
               Shannon Lapierre
               Manager, Public Relations
               508/253-8468
               E-mail: shannon.lapierre@staples.com
                 or
               Investor Contact:
               Diane Basile
               Director, Investor Relations
               508/253-7963
               E-mail: diane.basile@staples.com
     
     KEYWORD: MASSACHUSETTS
     INDUSTRY KEYWORD: RETAIL COMPUTERS/ELECTRONICS COMED