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Barnes & Noble, Borders Experience Third Quarter Losses

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November 1-15, 2005 Edition

Barnes & Noble,

Borders Experience

Third Quarter Losses

NEW YORK, NY/10/18/2005—Barnes & Noble, Inc. (NYSE: BKS), the world’s largest bookseller, has confirmed that it will post a net loss of a penny to 4 cents per share in the third quarter. However, the company also said in a press release that sales in stores open at least one year are expected to increase in the low-single digit range, despite the impact of Hurricane Katrina. More details on the third quarter earnings will be given in a conference call to shareholders on November 17, 2005.

Borders Group Inc., on October 17 warned that its third-quarter losses would be higher than anticipated due to weak sales. Borders also has withdrawn its fourth-quarter and full-year 2005 guidance.

Barnes & Noble, Inc. (NYSE: BKS), the world’s largest bookseller and a Fortune 500 company, operates 819 bookstores in 50 states. For the fourth year in a row, the company is the nation’s top retail brand for quality, according to the EquiTrend(R) Brand Study by Harris Interactive(R). Barnes & Noble conducts its online business through Barnes & Noble.com ( www.bn.com), one of the Web’s largest e-commerce sites and the number one online bookseller for quality among e-commerce companies, according to the latest EquiTrend survey.

General information on Barnes & Noble, Inc. can be obtained via the Internet by visiting the company’s corporate Web site: http://www.barnesandnobleinc.com.