Office Depot Announces $350 Million Preferred Stock Investment by BC Partners

Business Wire, June 23, 2009

Additional Information: In connection with the transaction described above, Office Depot will be filing documents with the SEC, including the filing of a preliminary and definitive proxy statement. Investors and security holders are urged to read the preliminary and definitive proxy when they become available because they will contain important information about the transaction. Investors and security holders may obtain free copies of these documents (when they are available) and other documents filed with the SEC at the SEC’s web site at www.sec.gov and by contacting Office Depot’s Investor Relations at 561-438-3657. Investors and security holders may obtain free copies of the documents filed with the SEC on Office Depot’s website at www.officedepot.com or the SEC’s website at www.sec.gov.

Office Depot and its directors and executive officers may be deemed participants in the solicitation of proxies from the stockholders of Office Depot in connection with the proposed transaction. Information regarding the special interests of these directors and executive officers in the proposed transaction will be included in the proxy statement/prospectus described above. Additional information regarding the directors and executive officers of Office Depot is also included in Office Depot’s proxy statement for its 2009 Annual Meeting of Stockholders, which was filed with the SEC on March 11, 2009. These documents are available free of charge at the SEC’s web site at www.sec.gov and from Office Depot’s Investor Relations at as described above.