Quarter Quotations | Page 4

We are proud of another record revenue quarter in our advertising business and are pleased with our overall 2005 results in light of the continued challenging environment surrounding the mobile value-added service sector in China.

We are pleased with the solid first quarter (ended December 31) result with beer volume and overall group earnings in line with our business plan, giving us confidence that we are on track for our full year profit guidance.

We are pleased with these trial settings and the prospect of things going forward on a rapid basis. By the last part of the second quarter of 2006, we'll know a lot more about the parameters of this litigation.

We are pleased with the results of the quarter, particularly our ability to achieve revenue growth in what is usually a sequentially down quarter in our industry.

We are pleased with the progress achieved in the first quarter and believe we have made meaningful strides toward improving value for our customers and shareholders.

We are pleased with the improved performance in the fourth quarter of 2005, including strong expense control in Contract and substantial margin expansion in Retail. With the fourth quarter Contract and Retail results, we continue to believe that OfficeMax is positioned to achieve the 2006 and intermediate- term goals that we outlined in our turnaround plan last month.

We are pleased with the financial performance and operational improvements that are demonstrated by our first quarter financial results, ... Our eighth consecutive quarter of double-digit sequential revenue growth and net earnings in the quarter of $2.8 million reflect a continuation of the momentum that was generated last fiscal year and put the company on pace to achieving our annual guidance.

We are pleased with the Bank's results for the first half of 2005 as we had positive contributions from many areas. Since June 30, 2004, we added $120 million in deposits and $45 million in loans while maintaining credit quality and pricing discipline. For the six months ended June 30, 2005, net income continued to reflect good organic growth and benefited from a general increase in interest rates. In the first quarter of 2005, the bank raised its per-share dividend 5.89% from $17 per-share to $18 per share. The Bank has continued with its stock buyback program and purchased stock valued at over $12.2 million during the six month period ended June 30, 2005.

We are pleased with our strong sales performance this quarter. Our U.S.A. comparable toy store sales were up 13 percent for the third quarter and 6 percent for the first nine months.

We are pleased with our solid financial performance in the first quarter and especially pleased with the growing business momentum we are seeing. Demand by carriers for our data and optical networks solutions has accelerated.