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News Release

Staples Contributes $150,000 to Support Tsunami Relief Efforts

Donation to CARE International to Help Disaster Victims in Affected Countries
Staples Stores Throughout Canada Will Collect Donations to Raise Additional Funds

Framingham, Mass., January 4, 2005 – In response to the devastation caused by the recent tsunami in South Asia, Staples, Inc. (Nasdaq: SPLS) is making a donation of $150,000 to CARE International. The donation will help support CARE's comprehensive, multi-country emergency response plan that includes food, water purification tablets, shelter materials and basic medical supplies for the hardest-hit areas of India, Indonesia, Sri Lanka and Thailand, as well as an international crisis team currently serving all four countries.

In addition to a monetary donation, Staples' 237 stores throughout Canada are conducting a campaign to collect funds to further support CARE International's disaster relief efforts. The program is currently underway and will continue through January 16, 2005.

About Care International
CARE is one of the world's leading humanitarian organizations fighting global poverty. In 72 developing countries, CARE helps poor communities create lasting solutions to their most threatening problems. CARE's integrated projects include emergency relief, community rehabilitation and longer-term projects in areas such as education, health and small-business development.

About Staples
Staples, Inc. invented the office superstore concept in 1986 and today is the world's largest office products retailer. With 60,000 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 2003 sales of $13 billion, Staples serves consumers and businesses ranging from home-based businesses to Fortune 500 companies in 19 countries throughout North America, Europe and Asia. Headquartered outside of Boston, Staples operates approximately 1,600 office superstores and also serves its customers through mail order catalog, e-commerce and contract businesses. More information is available at www.staples.com.

Deborah Hohler/Joy Errico
Staples, Inc.
508-253-8509/7957
deborah.hohler@staples.com/joy.errico@staples.com