Staples, Inc. Comments on Letter from Starboard Value

Staples, Inc. (Nasdaq: SPLS) 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.

About Staples

Staples makes it easy to make more happen with more products and more ways to shop. Through its world-class retail, online and delivery capabilities, Staples lets customers shop however and whenever they want, whether it’s in-store, online or on mobile devices. Staples offers more products than ever, such as technology, facilities and breakroom supplies, furniture, safety supplies, medical supplies, and Copy and Print services. Staples also offers free shipping for Staples Rewards Members, in most cases overnight. Headquartered outside of Boston, Staples operates in North and South America, Europe, Asia, Australia and New Zealand. More information about Staples (SPLS) is available at www.staples.com.