Two great companies.

1
Two great companies.
One bright future.
Town Hall meeting Amsterdam, 15 July 2008
2
Vision

• To be the best company in the world at
• providing products and services for the
• office for our customers, our associates,
• the communities where we operate, the
• environment and our shareholders.

Two great companies. One bright future
3
Great Execution
Differentiation
Market Leadership
Strong Corporate Values
Superior Financial Returns
Two great companies. One bright future
4
Staples Overview
North American Retail
North American Delivery
International

• FY2007
• 1738 stores
• 1440 in U.S.
• 298 in Canada
• 10 billion in sales (52 of total company
  sales)
• 9.5 operating margin

• FY2007
• 300 stores in 6 countries
• Catalog operations in 19 countries
• 2.7 billion in sales (14 of total company
  sales)
• European sales of 2.5 billion
• 3.6 operating margin

• FY2007
• Differentiated offer in 3 business units
• Staples Business Delivery
• Quill
• Contract
• 6.6 billion in sales (34 of total company
  sales)
• 10.8 operating margin

Two great companies. One bright future
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Staples A Consistent Growth Story
Continued Earnings Growth
Solid Top-Line Growth


Steady Operating Margin Expansion
RONA Reached Long-Term Goal
11.7 Hurdle Rate


Non-RONA financial data excludes all previously
reported non-recurring charges or credits. 2006
results include an extra week.
Two great companies. One bright future
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A Strong brand

• 98 brand awareness
• High customer satisfaction ratings in every
  channel above the competition

Two great companies. One bright future
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Staples StockPerformance Since IPO
1,000 investment at IPO 30,000 today
Two great companies. One bright future
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Leadership Positions in North America
North American RetailFY2007
North American DeliveryFY2007
Staples
12
Staples
10
8
6
OfficeMax
Office Depot
4
OfficeMax
2
Office Depot
ODP OMX margins adjusted for GA allocation.
Staples growth adjusted to exclude extra week
in 2006.
9
North American Retail Store Expansion
North American Retail Stores
Two great companies. One bright future
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Europe A Balanced Multi-Channel Platform
Now Serving Customers in 19 Countries
Existing European Countries
New European Countries
Two great companies. One bright future
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Europe Building a Solid Foundation
Europe Sales Operating Margins

Two great companies. One bright future
Results include 53rd week in 2006.
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High Growth Markets Building a Platform

• China
• Doubled sales in 2007 to more than 200 million
• Delivery business in Beijing, Shanghai Shenzhen
• 32 retail stores now open
• Taiwan
• Delivery business
• India
• Future Group Joint venture with contract
  operations and initial retail locations in
  Bangalore
• South America
• Delivery Business in Argentina and Brazil
• Recently opened first retail store in Argentina

Bangalore, India
Beijing, China
Two great companies. One bright future
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TeamCARE Values

• Team We are one team. We live our values,
  support each other and deliver results.
• Customers Everything begins and ends with our
  customers. We are here to make buying office
  products easy for them.
• Associates We value and count on each member of
  our diverse and talented team.
• Results Every one of us is personally
  accountable for delivering results.
• Easy We succeed by staying focused and keeping
  it simple.

Two great companies. One bright future
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Staples Soul

• Diversity
• Community
• Environment
• Ethics

Two great companies. One bright future
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One Great Company

• Stakeholder benefits
• Expanded product and service offerings, improved
  distribution capabilities, shared best practices
  and a more efficient cost structure
• Global supply chain
• Better platform to bring greater value and
  resources for businesses of all sizes
• New opportunities for supplies and associates
• Strategic advantages
• Dominant presence operations in 27 countries,
  across five continents
• Establishes a Contract businesses for Staples in
  Australia, Canada, Europe and New Zealand, and
  strengthens the companys North American Delivery
  business in the United States Staples fastest
  growing business

Two great companies. One bright future
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Two great companies.
One bright future.