Corporate Headquarters
Borders Group, Inc.
100 Phoenix Drive
Ann Arbor, Michigan 48108
734-477-1100

Independent Auditors
Ernst & Young LLP
500 Woodward Avenue
Detroit, Michigan 48226

Registrar and Stock Transfer Agent
EquiServe Trust Company, NA
P.O. Box 2500
Jersey City, NJ 07303
800-446-2617

Common Stock
The Company's Common Stock trades on the New York Stock Exchange under the symbol BGP.

Annual Meeting
Borders Group, Inc.'s annual meeting of stockholders will be held on May 22, 2003 at 11:30 a.m. Eastern time at:

The Ritz-Carlton
Fairlane Plaza
300 Towncenter Drive
Dearborn, Michigan 48126

Stockholders' Inquiries
For information about Borders Group, Inc. and its subsidiaries, including Annual Reports, Form 10-K and 10-Q documents and other available financial information, please send your request to:

Borders Group, Inc.
Investor Relations
100 Phoenix Drive
Ann Arbor, Michigan 48108
Phone 734-477-1794
Fax 734-477-1517

Information can also be obtained via the Internet by visiting www.bordersgroupinc.com.

Market Price for Common Stock
The following table sets forth for the period indicated the high and low market prices for the Common Stock on the New York Stock Exchange.

2002 High Low
Q1 $ 24.40 $ 21.38
Q2 $ 24.20 $ 14.90
Q3 $ 19.44 $ 15.48
Q4 $ 19.79 $ 15.36

2001 High Low
Q1 $ 18.00 $ 12.50
Q2 $ 23.50 $ 17.40
Q3 $ 24.43 $ 16.74
Q4 $ 24.14 $ 14.64


As of March 27, 2003, there were approximately 3,720 holders of record of the Company's Common Stock. This number excludes individual stockholders holding stock under nominee security position listings.

Dividends
The Company has not declared any cash dividends, however, it intends to periodically assess cash dividends as a possible strategy to increase shareholder value. The declaration and payment of dividends, if any, is subject to the discretion of the Board of Directors of the Company and to certain limitations under the Michigan Business Corporation Act. In addition, the Company's ability to pay dividends is restricted by certain agreements to which the Company is a party. See "Management's Discussion and Analysis of Financial Condition and Results of Operations — Liquidity and Capital Resources" in the Company's Form 10-K Annual Report for the fiscal year ended January 26, 2003 being delivered herewith.