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News Release

Staples, Inc. Announces First Quarter 2009 Cash Dividend
Supported by Record Full Year 2008 Free Cash Flow of $1.3 Billion

FRAMINGHAM, Mass.--(BUSINESS WIRE)--Mar. 11, 2009-- Staples, Inc. (Nasdaq: SPLS) announced today that its Board of Directors has declared a quarterly cash dividend on Staples, Inc. common stock of $0.0825 per share. The dividend is payable on April 16, 2009, to shareholders of record on March 27, 2009. On an annualized basis, the quarterly dividend is equal to the $0.33 per share annual cash dividend that the company paid in 2008.

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. More information about Staples (Nasdaq: SPLS) is available at www.staples.com.

Source: Staples, Inc.

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