Borders Group Names Three To Board of Directors

Campbell, 53, is senior executive vice president, chiefadministrative and business development officer of The TJX Companies,Inc. TJX is the largest global off-price retailer of apparel and homefashions with sales of $15 billion and more than 2,200 stores. He hasserved in this post since early 2004 and is responsible for TJX'sworldwide systems, real estate, new business development and humanresources activities. He joined TJX in 1973 and has held a series ofincreasingly responsible management positions including chieffinancial officer, which he was named in 1989, with responsibility forfinance, accounting, and new business development. Campbell served TJXas senior vice president from 1989 to 1996 and executive vicepresident from 1996 to 2004. He holds a bachelor's degree in financeand a master's of business administration degree, both from WesternNew England College, Springfield, Mass. Campbell will serve on theaudit committee of the Borders Group board of directors.

Light, 41, is executive vice president, business delivery, forStaples, Inc. Staples is the world's largest office products companywith sales of $14.4 billion and approximately 1,695 superstores. Inhis current position, which he has served in since 2002, Light leadsthe public catalog and e-commerce business for Staples in the U.S. andCanada. He also leads Staples' new business development organization,identifying growth vehicles and partnership opportunities. Prior tothis position, Light served since 1998 as executivevice-president/senior vice-president and chief information officer forStaples. He led the information systems function supporting Staplescorporate, U.S. retail and North American delivery operations. Beforejoining Staples, Light was employed from 1986 through 1998 byAccenture, most recently as an associate partner with specializationin the consumer packaged goods industry. Light holds a bachelor'sdegree in economics from the University of California at Irvine. Hewill serve on the audit committee of the Borders Group board ofdirectors.

Weiss, 64, is the retired president and chief executive officer ofExpress, a subsidiary of Limited Brands, Inc. He served in thatcapacity from 1997 to 2004. Weiss joined Limited in 1981 asmerchandise manager for Express and rose to the position of presidentof Express, serving in that capacity from 1982 to 1993. He was namedvice chairman of Limited in 1993, and served in that post until 1997.Weiss returned to Express in January 1997, serving as president andchief executive officer until his retirement in 2004. He is currentlya member of the board of directors of Payless ShoeSource, Inc. Weissholds a bachelor's degree in English from Syracuse University. He willserve on the compensation committee of the Borders Group board ofdirectors.

"With several decades of retail experience across a broad range offunctions, ranging from business development and information systemsto finance and human resources, these three new directors bring asubstantial body of knowledge and expertise to the Borders Group boardof directors," said Greg Josefowicz, president, chairman and chiefexecutive officer of Borders Group. "Each brings a unique set ofqualifications and an independent perspective to our board. We lookforward to the contributions these accomplished business leaders willmake toward our future success."

The election of the three new directors follows the departure overthe past two years of three former board members including Robert F.DiRomualdo and George R. Mrkonic, who were also Borders Groupexecutive officers, and Peter R. Formanek. With the new appointments,the Borders Group board is restored to 10 members, which in additionto the new directors, includes: Gregory P. Josefowicz, Joel J. Cohen,chairman and co-chief executive officer, Sagent Advisors, Inc.; Amy B.Lane, retired managing director, investment banking group, MerrillLynch; Victor L. Lund, retired chairman of the board, American StoresCompany; Dr. Edna Greene Medford, associate professor of history anddirector of the graduate program in history at Howard University;Lawrence I. Pollock, president, Lucky Stars Investments LimitedCompany; and Beth M. Pritchard, former president and chief executiveofficer of Bath & Body Works.

About Borders Group

Borders Group, Inc. is a leading global retailer of books, musicand movies with annual revenues of $3.9 billion. Headquartered in AnnArbor, Mich., the company employs approximately 32,000 peopleworldwide. Borders Group operates more than 460 Borders superstores,and over 600 Waldenbooks stores throughout the U.S. In addition, thecompany operates 47 Borders superstores outside the U.S., as well as35 Books etc. stores located throughout Great Britain. Borders Grouphas also acquired Paperchase Products Limited, a leading stationeryretailer based in London, England with more than 70 locations in theU.K. Teamed with Amazon.com, online shopping is available throughBorders.com (www.borders.com) and Waldenbooks.com(www.waldenbooks.com). More detailed information on the company isavailable at www.bordersgroupinc.com. Information regarding Bordersstore locations, in-store events and title reservation is availablethrough www.bordersstores.com.