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Office Depot Announces Cash Offer For Its 9.75% Senior Secured Notes Due 2019

Office Depot, Inc. (the “Company”) (NYSE: ODP), a leading global provider of office supplies and services, announced today that it has commenced a cash offer to purchase any and all of its $250,000,000 in aggregate principal amount of outstanding 9.75% Senior Secured Notes due 2019 (CUSIP 676220AG1 and U67518AC1) (the “notes”). The Company is offering to purchase the notes in connection with the previously announced sale of its indirect 50% interest in Office Depot de Mexico, S.A. de C.V., as required by the indenture governing the notes. The offer is being made pursuant to an offer to purchase dated today (the “Offer to Purchase”), which sets forth a more comprehensive description of the terms of the offer.

In accordance with the indenture and subject to the terms and conditions of the Offer to Purchase, the Company will pay a price equal to 100% of the principal amount of the notes validly tendered, plus accrued but unpaid interest thereon to the repurchase date.

The offer is scheduled to expire at 11:59 p.m. Eastern Daylight Time on August 28, 2013, unless extended or earlier terminated. Except as required by applicable law, notes tendered may be withdrawn only before the expiration time.

It is anticipated that the settlement date for notes validly tendered on or before the expiration date and accepted for purchase by Office Depot will be August 29, 2013.

U.S. Bank National Association is the paying agent and depositary for this offer. Requests for documents and questions about the offer may be directed to the Company at (561) 438-7878 or in writing at Office Depot, Inc., 6600 North Military Trail, Boca Raton, Florida 33496, Attention: Investor Relations.

There are no conditions to the offer except (i) for the timely and proper delivery and tender of the notes in accordance with the terms of the offer and (ii) that the offer must comply with applicable law. The offer is not conditioned on the tender of a minimum principal amount of notes. Office Depot is not soliciting consents from holders of notes in connection with the Offer to Purchase.

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