Office Depot Launches Binder Recycling Program for Back-to-School Shoppers in Partnership with TerraCycle

Shoppers Receive a $2 Instant Discount on Same-day Binder Purchase at
Office Depot and OfficeMax Locations

BOCA RATON, Fla.–(BUSINESS WIRE)–Office Depot, Inc. (NASDAQ: ODP), a leading global provider of office
products, services, and solutions
, through its Office Depot and
OfficeMax brands, today announced the launch of its Binder Recycling
Program, encouraging shoppers to help preserve the environment by
recycling old binders. Starting today, shoppers can bring any old empty
binder to an Office Depot or OfficeMax retail location and receive a $2
instant discount off a same-day binder purchase.

The program is in partnership with TerraCycle, a company whose primary
objective is to recycle waste that is typically considered
non-recyclable. Consumers find recycling to be the most easily
understood component of sustainability, and Office Depot is partnering
with TerraCycle to help consumers participate in the movement for a more
sustainable planet.

“We’re excited to partner with TerraCycle this back-to-school season as
parents, teachers and students prepare for the school year with new
supplies,” said Ron Lalla, executive vice president of merchandising for
Office Depot, Inc. “The program provides a way to recycle binders in an
environmentally conscious way while also offering a discount to shoppers
who are looking for new ones.”

Customers can recycle as many binders as they wish and can receive
instant discounts for up to six binders per day*. The offer is only
valid in-store at Office Depot and OfficeMax retail locations.

To learn more about the Binder Recycling Program, please visit officedepot.com/recyclebinders.

*Get $2 off the purchase of any new binder when you recycle any binder
in the same transaction. Discount applies only to binders purchased and
will not be applied to any free binders with a purchase. Multipacks
count as 1. Discount excludes tax. No cash/credit back. Binder to be
recycled must be empty. Not valid on prior purchases or purchases made
with Store Purchasing, Procurement or Retail Connect Cards. Limit 6 per
household/business.

About Office Depot, Inc.

Office Depot, Inc. is a leading global provider of products, services,
and solutions for every workplace – whether your workplace is an office,
home, school or car.

Office Depot, Inc. is a resource and a catalyst to help customers work
better. We are a single source for everything customers need to be more
productive, including the latest technology, core office supplies, print
and document services, business services, facilities products,
furniture, and school essentials.

The company has annual sales of approximately $14 billion, employs
approximately 49,000 associates, and serves consumers and businesses in
59 countries with approximately 1,800 retail stores, award-winning
e-commerce sites and a dedicated business-to-business sales organization
– all delivered through a global network of wholly owned operations,
franchisees, licensees and alliance partners. The company operates under
several banner brands including Office Depot, OfficeMax, Grand & Toy,
and Viking. The company’s portfolio of exclusive product brands include
TUL, Foray, Brenton Studio, Ativa, WorkPro, Realspace and HighMark.

Office Depot, Inc.’s common stock is listed on the NASDAQ Global Select
Market under the symbol ODP. Additional press information can be found
at: http://news.officedepot.com.

Contacts

Office Depot, Inc.
Sarah England, 561-438-1448
sarah.england@officedepot.com