Office Depot Announces Sale of Its Hungary Business to Central Fund Venture Capital Fund

  Office Depot Announces Sale of Its Hungary Business to Central Fund Venture
  Capital Fund

    Buyer will Continue to use Office Depot's Trade Names, Obtain Sourcing
       Services, and Support Office Depot's Global Customers in Hungary

Business Wire

BOCA RATON, Fla. -- December 20, 2012

Office Depot (NYSE:ODP), a leading global provider of office supplies and
services, announced today that it has entered into an agreement to sell its
Office Depot Hungary business to Central Fund Venture Capital Fund. The
transaction also includes an agreement for Central Fund to use Office Depot's
trade names, obtain sourcing services and continue to support Office Depot's
global customers in Hungary.

Central Fund Venture Capital Fund is the first privately owned Venture Capital
Fund in Hungary. It invests in small- and medium-sized companies in Hungary.

Office Depot Hungary started as a licensed operation in 1997 and was
established in 2004 as a wholly owned subsidiary of Office Depot, Inc. The
Company serves a wide variety of customers in Hungary including small- and
medium-sized businesses and global accounts.

About Office Depot

Office Depot provides office supplies and services through 1,675 worldwide
retail stores, a dedicated sales force, top-rated catalogs, and global
e-commerce operations. Office Depot has annual sales of approximately $11.5
billion, employs about 39,000 associates, and serves customers in 60 countries
around the world.

Office Depot’s common stock is listed on the New York Stock Exchange under the
symbol ODP. Additional press information can be found at:
http://mediarelations.officedepot.com and http://socialpress.officedepot.com/.

Contact:

Office Depot
Donald Mears, 561-438-7054
donald.mears@officedepot.com
 
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