Staples, Inc. Comments On Letter From Starboard Value

Staples, Inc.

today issued the following statement regarding the letter it received from Starboard Value: Staples values constructive shareholder input and dialogue and regularly meets with its shareholders. The Company has met and spoken with Starboard Value on several occasions to discuss their ideas. The Company made clear that the Staples' Board of Directors carefully considers all actions that would create shareholder value and is committed to taking actions that are in the best interests of all of the Company's shareholders. The Company welcomes continued, constructive dialog with shareholders focused on enhancing the value of Staples.