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Office Depot, Inc. is the largest supplier of office products and services in the world. The Company sells office supplies, business machines, computers, computer software and office furniture, as well as copy, print, reproduction, mailing and shipping services to small office/home office (SoHo), medium and large businesses in the United States and 17 other countries around the globe. Office Depot operates under the names Office Depot®, Office Depot Express®, The Office Place® and Viking Office Products®.

Office Depot has market-leading positions in each of its business channels worldwide. The Company sells office products, services and business solutions through multiple distribution channels, including office supply stores, direct mail through Office Depot and Viking, global Internet sites, business-to-business e-commerce and sales forces that call on medium and large businesses.

With its worldwide corporate headquarters in Delray Beach, Florida and its European headquarters in Venlo, the Netherlands, Office Depot has more than 48,000 employees around the world. The Company’s common stock is traded on the New York Stock Exchange under the symbol ODP and the Company is included on the S&P 500 list.

(1)

We have reclassified certain amounts in our prior year financial statements to conform with our current year presentation.

(2) Diluted earnings per share reported for 1998 have been restated to reflect the three- for- two stock split declared on February 24, 1999.