Borders Group Sets 2009 Annual Meeting Date

Borders Group Sets 2009 Annual Meeting Date

ANN ARBOR, Mich., March 12 /PRNewswire-FirstCall/ -- Borders Group, Inc. (NYSE:BGP) today announced that the company will hold its annual meeting of shareholders Thursday, May 21, 2009 at 11:30 a.m. Eastern at the Ann Arbor Marriott Ypsilanti at Eagle Crest, 1275 S. Huron St., Ypsilanti, Mich. 48197. The record date for determination of shareholders entitled to vote at the meeting is March 24, 2009.

(Logo: http://www.newscom.com/cgi-bin/prnh/20060208/BORDERSGRPLOGO )

In addition to routine matters and a shareholder proposal, votes will also be taken regarding:

-- Approval of an amendment to the company's "Amended and Restated
Articles of Incorporation" that would allow the company to effect a
reverse stock split with the intention of increasing the per share
market price of its common stock to meet criteria for continued
listing on the New York Stock Exchange (NYSE). The Borders Group Board
of Directors reserves the right not to proceed with a reverse stock
split if it is not in the best interests of the company, and does not
anticipate filing the amendment unless it becomes clear that Borders
Group will not be able to comply with NYSE requirements without a
reverse stock split.
-- Approval of the company's "Amended and Restated 2004 Long-Term
Incentive Plan" to extend the plan, which expires April 30, 2009 to
April 30, 2012.

About Borders Group, Inc.

Headquartered in Ann Arbor, Mich., Borders Group, Inc. is a leading retailer of books, music and movies with approximately 27,000 employees. Through its subsidiaries, the company operates more than 1,000 stores primarily under the Borders(R) and Waldenbooks(R) brand names and offers online shopping through Borders.com. For more information about the company, visit www.borders.com/aboutus.

Source: Borders Group, Inc.

CONTACT: Anne Roman of Borders Group, Inc., +1-734-477-1392

Web Site: http://www.bordersgroupinc.com/

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