Borders Completes Paperchase Sale

ANN ARBOR, Mich./July 20, 2010—Borders Group, Inc. today announced it has closed on the previously announced transaction to sell Paperchase Products Limited (“Paperchase”) to Primary Capital Limited, a U.K.-based private equity firm, for approximately $31 million USD.

The agreement was described in a July 13 news release as well as a Form 8-K report recently filed by the company.

Headquartered in Ann Arbor, Mich., Borders Group, Inc. (NYSE: BGP) is a leading specialty retailer of books as well as other educational and entertainment items. The company employs approximately 19,500 throughout the U.S., primarily in its Borders® and Waldenbooks® stores. Online shopping is offered through borders.com. Find author interviews and vibrant discussions of the products we and our customers are passionate about online at facebook.com/borders, twitter.com/borders and youtube.com/bordersmedia. For more information about the company, visit borders.com/media.