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News Release

Staples Inc. Secondary Offering Priced At $29 3/8 Per Share
    Business Editors

    FRAMINGHAM, Mass.--(BUSINESS WIRE)--July 15, 1999--Staples Inc. (NASDAQ:SPLS) today announced that the secondary public offering of 11,107,473 shares of its common stock was priced at $29 3/8 per share.

All of the shares were offered by members of the Miller family, former owners of Quill Corporation, which was acquired by Staples in May 1998. Members of the Miller family also have granted the underwriters of the offering an option to purchase an additional 1,666,121 shares to cover over-allotments. The company did not sell any shares in the offering.

Morgan Stanley Dean Witter and Goldman, Sachs & Co. are joint book-running managers for the offering.

A copy of the final prospectus relating to the offering may be obtained from Morgan Stanley Dean Witter, Prospectus Department, 1585 Broadway, New York, NY 10036, telephone: 212-761-8570, or from Goldman, Sachs & Co., attn: Prospectus Department, 85 Broad Street, New York, NY, 10004, telephone: 212-902-1171 or 1172.

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.

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     CONTACT: Staples Inc. 
              John Mahoney, 508/253-7342                                              
              john.mahoney@staples.com
              or
              Shannon Lapierre, 508/253-8468
              shannon.lapierre@staples.com

     KEYWORD: MASSACHUSETTS
     INDUSTRY KEYWORD: RETAIL