Staples (SPLS)

NOTE L Stockholders' Equity

        In 2008, the Company repurchased 2.8 million shares of the Company's common stock for a total purchase price (including commissions) of $65.0 million under the Company's 2005 and 2007 share repurchase programs. In 2007, the Company repurchased 31.6 million shares of the Company's common stock for a total purchase price (including commissions) of $750.0 million under the Company's 2005 and 2007 share repurchase programs. The 2007 share repurchase program replaced the 2005 $1.5 billion share repurchase program and went into effect during the second quarter of 2007. The 2007 share repurchase program allows for the repurchase of $1.5 billion of Staples common stock and has no expiration date.

        Beginning in the first quarter of 2008, the Company suspended the 2007 share repurchase program as a result of the acquisition of Corporate Express, and as a result, no repurchases of the Company's common stock under the Company's 2007 share repurchase program have been made from the end of the first quarter of 2008 through the end of fiscal 2009. The Company has $1.01 billion authorization remaining under the 2007 share repurchase program.

NOTE K Stockholders' Equity

        In 2008, the Company repurchased 2.8 million shares of the Company's common stock for a total purchase price (including commissions) of $65.0 million under the Company's 2005 and 2007 share repurchase programs. In 2007, the Company repurchased 31.6 million shares of the Company's common stock for a total purchase price (including commissions) of $750.0 million under the Company's 2005 and 2007 share repurchase programs. In 2006, the Company repurchased 30.3 million shares of the Company's common stock for a total purchase price (including commissions) of $749.9 million under the 2005 repurchase program. The 2007 share repurchase program replaced the 2005 $1.5 billion share repurchase program and went into effect during the second quarter of 2007. The 2007 share repurchase program allows for the repurchase of $1.5 billion of Staples common stock and has no expiration date. Beginning in the first quarter of 2008, the Company suspended the 2007 share repurchase program as a result of the acquisition of Corporate Express. The Company has $1.01 billion authorization remaining under the 2007 share repurchase program.

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STAPLES, INC. AND SUBSIDIARIES
Notes To Consolidated Financial Statements (Continued)

NOTE K Stockholders' Equity

        In 2008, the Company repurchased 2.8 million shares of the Company's common stock for a total purchase price (including commissions) of $65.0 million under the Company's
2005 and 2007 share repurchase programs. In 2007, the Company repurchased 31.6 million shares of the Company's common stock for a total purchase price (including commissions) of
$750.0 million under the Company's 2005 and 2007 share repurchase programs. In 2006, the Company repurchased 30.3 million shares of the Company's common stock for a total purchase price
(including commissions) of $749.9 million under the 2005 repurchase program. The 2007 share repurchase program replaced the 2005 $1.5 billion share repurchase program and went into
effect during the second quarter of 2007. The 2007 share repurchase program allows for the repurchase of $1.5 billion of Staples common stock and has no expiration date. Beginning in the first
quarter of 2008, the Company suspended the 2007 share repurchase program as a result of the acquisition of Corporate Express. The Company has $1.01 billion authorization remaining under the
2007 share repurchase program.

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STAPLES, INC. AND SUBSIDIARIES

Notes To Consolidated Financial Statements (Continued)

NOTE I Stockholders' Equity

        In fiscal 2007, the Company repurchased 31.6 million shares of the Company's common stock for a total purchase price (including commissions) of $750.0 million under the Company's 2005 and 2007 share repurchase programs. The 2007 share repurchase program replaced the 2005 $1.5 billion share repurchase program (the "2005 Share Repurchase Program") and went into effect during the second quarter of 2007. The 2007 share repurchase program allows for the repurchase of $1.5 billion of Staples common stock and has no expiration date. In 2006, the Company repurchased 30.3 million shares of the Company's common stock for a total purchase price (including commissions) of $749.9 million. In 2005, the Company repurchased 30.1 million shares of the Company's common stock for a total purchase price (including commissions) of $649.6 million.

NOTE I Stockholders' Equity

        In fiscal 2007, the Company repurchased 31.6 million shares of the Company's common stock for a total purchase price (including commissions) of
$750.0 million under the Company's 2005 and 2007 share repurchase programs. The 2007 share repurchase program replaced the 2005 $1.5 billion share repurchase program (the "2005 Share
Repurchase Program") and went into effect during the second quarter of 2007. The 2007 share repurchase program allows for the repurchase of $1.5 billion of Staples common stock and has no
expiration date. In 2006, the Company repurchased 30.3 million shares of the Company's common stock for a total purchase price (including commissions) of $749.9 million. In 2005, the
Company repurchased 30.1 million shares of the Company's common stock for a total purchase price (including commissions) of $649.6 million.

NOTE I Stockholders’ Equity

In 2006, the Company repurchased 30.3 million shares of the Company’s common stock for a total purchase price (including commissions) of $749.9 million under the Company’s share repurchase program, which was announced in 2004 and amended in the third quarter of 2005. In 2005, the Company repurchased 30.1 million shares of the Company’s common stock for a total purchase price (including commissions) of $649.6 million. Under the original program, the Company was authorized to repurchase up to $1.0 billion of Staples common stock during fiscal years 2004 and 2005. Under the new program, the Board of Directors authorized the Company to repurchase up to an additional $1.5 billion of Staples common stock through February 2, 2008 following the completion of the Company’s $1.0 billion repurchase program. In 2004, the Company repurchased 26.1 million shares of the Company’s common stock for a total purchase price (including commissions) of $502.7 million.

At February 3, 2007, 60.6 million shares of common stock were reserved for issuance under Staples’ 2004 Plan, 401(k) Plan and employee stock purchase plans.

Note D – Stockholders’ Equity

On February 22, 2005, the Board approved a three-for-two split of Staples common stock that was effected in the form of a common stock dividend to shareholders of record as of March 29, 2005. The dividend was distributed on April 15, 2005. All share and per share data have been restated to reflect the effect of this three-for-two common stock dividend.

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In 2005, the Company repurchased 30.1 million shares of the Company’s common stock for a total purchase price (including commissions) of $649.6 million under the Company’s share repurchase program, which was announced in 2004 and amended in the third quarter of 2005. Under the original program, the Company was authorized to repurchase up to $1.0 billion of Staples common stock during fiscal years 2004 and 2005. Under the new program, the Board of Directors authorized the Company to repurchase up to an additional $1.5 billion of Staples common stock through February 2, 2008 following the completion of the Company’s $1.0 billion repurchase program. In 2004, the Company repurchased 26.1 million shares of the Company’s common stock for a total purchase price (including commissions) of $502.7 million.

On June 4, 2003, the Company issued and sold 20.7 million shares of its common stock in a public offering for a purchase price of $12.59 per share, including 2.7 million shares related to an over-allotment option that was granted to the underwriters. Upon closing, the Company received net proceeds of $253.0 million. The offering proceeds were used for working capital and general corporate purposes.

At January 28, 2006, 67.9 million shares of common stock were reserved for issuance under Staples’ 2004 Plan, 401(k) Plan and employee stock purchase plans.

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STAPLES, INC. AND SUBSIDIARIES
Notes to Consolidated Financial Statements (Continued)

Note D – Stockholders’ Equity

On February 22, 2005, the Board approved a three-for-two split of Staples common stock to shareholders of record as of March 29, 2005. The split was effected in the form of a stock dividend, which was distributed on April 15, 2005.  All share and per share data has been restated to reflect the effect of this three-for-two common stock split.

Note D – Stockholders’ Equity

On February 22, 2005, the Board approved a three-for-two dividend of Staples common stock to shareholders of record as of March 29, 2005. The dividend was distributed on April 15, 2005.  All share and per share data has been restated to reflect the effect of this three-for-two common stock dividend.

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Note E – Stockholders’ Equity

On February 22, 2005, the Board approved a three-for-two dividend of Staples common stock to shareholders of record as of March 29, 2005. The dividend was distributed on April 15, 2005.  All share and per share data has been restated to reflect the effect of this three-for-two common stock dividend.

NOTE J Stockholders' Equity

        Staples repurchased approximately $502.7 million of common stock in 2004 under the Company's share repurchase program, which was announced in March 2004.

        On June 4, 2003, the Company issued and sold 13,800,000 shares of its common stock in a public offering for a purchase price of $18.89 per share, including 1,800,000 shares related to an over-allotment option that was granted to the underwriters. Upon closing, the Company received net proceeds of $253.0 million. The offering proceeds were used for working capital and general corporate purposes.

        At January 29, 2005, 26.6 million shares of common stock were reserved for issuance under Staples' 2004 Plan, 401(k) Plan and employee stock purchase plans.