OMX Officemax Incorporated

OfficeMax Announces Revised Final Results, Proration Factor for Tender Offer to Purchase Stock ITASCA, Ill., May 19 /PRNewswire-FirstCall/ -- OfficeMax(R) Incorporated (NYSE:OMX), a leader in office products and services, today announced revised final results, including the proration factor, for its modified "Dutch Auction" tender offer to purchase up to 23,500,000 shares of the company's common stock. The tender offer expired at 12:00 midnight, New York City time, on Monday, May 9, 2005. Due to a mistake in the count by the depositary for the shares tendered through DTC, the Company announced a correction to the previously announced final results. Based on the corrected final count by the depositary for the tender offer, 25,327,441 shares of common stock were properly tendered and not withdrawn at a price at or below $33.00 per share. The Company has accepted for purchase and paid for 23,500,000 of these shares at a purchase price of $33.00 per share. The final proration factor for the tender offer was approximately 92.852% after giving effect to conditional and odd lot tenders. Odd lot shares properly tendered at or below the $33.00 purchase price were not subject to proration. The depositary for the tender offer, Wells Fargo Shareowner Services, has paid for the shares accepted for purchase and will promptly return all other shares tendered and not accepted for purchase. Immediately after consummation of the tender offer, approximately 70,698,713 shares of OfficeMax common stock were issued and outstanding. Investor questions concerning the tender offer may be directed to the information agent, D.F. King & Co., Inc. at (800) 347-4750, or the dealer manager, Goldman, Sachs & Co. at (800) 323-5678. About OfficeMax(R) Incorporated OfficeMax is a leader in both business-to-business and retail office products distribution. The company provides office supplies, and paper, print and document services, technology products and solutions, and furniture to large, medium, and small businesses and consumers. OfficeMax customers are served by more than 41,000 associates through direct sales, catalogs, the Internet, and 935 superstores. Forward-Looking Statements Certain statements made in this press release and other written or oral statements made by or on behalf of the Company may constitute "forward-looking statements" within the meaning of the federal securities laws. Statements regarding future events and developments and the Company's future performance, as well as management's expectations, beliefs, intentions, plans, estimates or projections relating to the future, are forward-looking statements within the meaning of these laws. Management believes that these forward-looking statements are reasonable; however, you should not place undue reliance on such statements. These statements are based on current expectations and speak only as of the date of such statements. The Company undertakes no obligation to publicly update or revise any forward-looking statement, whether as a result of future events, new information or otherwise. Important factors regarding the Company which may cause results to differ from expectations are included in the Company's Annual Report on Form 10-K for the year ended December 31, 2004, including under the caption "Cautionary and Forward-Looking Statements", and in other filings with the SEC. Media Contact Investor Relations Contact Bill Bonner John Jennings 630 438 8584 630 438 8760 DATASOURCE: OfficeMax Incorporated CONTACT: Media, Bill Bonner, +1-630-438-8584, or Investors, John Jennings, +1-630-438-8760, both of OfficeMax Incorporated Web site: http://www.officemax.com/

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