BORDERS GROUP: FAQs for Investors About Chapter 11

Borders Group Releases FAQs for Investors about Borders' Reorganization:

What value will Borders' common stock have in the future? Is it now worthless?
That will be determined under a Plan of reorganization that is approved by the Court. At this time it is premature to speculate on the specifics of Borders capital structure under an approved Plan of Reorganization.


How can I buy or sell shares in Borders?
Borders common stock ceased trading on the New York Stock Exchange as of the close of the Market on February 15, 2011. Market makers not affiliated with Borders may continue limited trading on the Over-the-Counter Bulletin Board (OTCBB) and/or the Pink Sheets even while Borders is involved in the Chapter 11 proceeding. Borders will not be involved in continuing or supporting trading on the OTCBB or the Pink Sheets. You should contact your broker for further information.


Will Borders continue to issue quarterly financial results? Hold quarterly investor conference calls?
Borders expects to begin submitting monthly operating reports to the Bankruptcy Court and also plans to file copies of these reports with the Securities and Exchange Commission and post the reports on the Investor Relations section of Borders.com. The company currently does not plan to continue to file quarterly and annual reports with the Securities and Exchange Commission. It is unlikely that we will continue to hold quarterly conference calls during the reorganization proceedings.


Is a shareholder entitled to file a claim with the court for the value paid for shares?
No.


Who at Borders can shareholders speak with regarding the future of their investment and whether to hold or sell?
Shareholders should consult with their own professional investment advisor to assess their personal investment situation.


Where can investors go for more information?
Key court filings and other information related to Borders Chapter 11 proceedings will be available at www.bordersreorganization.com. You may also send an inquiry by e-mail to gtomasze@bordersgroupinc.com or mdavis4@bordersgroupinc.com.

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