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News Release

Staples Announces a 32 Percent Increase in the Annual Cash Dividend

FRAMINGHAM, Mass.--(BUSINESS WIRE)--Feb. 28, 2006--Staples, Inc. (Nasdaq: SPLS) announced today an annual cash dividend of $0.22 per share of outstanding common stock, an increase of 32 percent over the prior year's annual cash dividend. The dividend is payable on April 20, 2006, to shareholders of record on March 31, 2006.

About Staples

Staples, Inc. invented the office superstore concept in 1986 and today is the world's largest office products company. With 69,000 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 2005 sales of $16.1 billion, Staples serves consumers and businesses ranging from home-based businesses to Fortune 500 companies in 21 countries throughout North and South America, Europe and Asia. Headquartered outside of Boston, Staples operates approximately 1,780 office superstores and also serves its customers through mail order catalog, e-commerce and contract businesses. More information is available at www.staples.com.

CONTACT: Staples, Inc.
Media Contact: Paul Capelli/Owen Davis
508-253-8530/8468
or
Investor Contact: Laurel Lefebvre/Katie Sullivan
508-253-4080/0879

SOURCE: Staples, Inc.