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Press release from Business Wire

Barnes & Noble Announces Two Key Hires in Finance Organization

<p class='bwalignc'> <b>Andy Milevoj Promoted to Vice President, Investor Relations</b> </p>

Monday, July 16, 2012

Barnes & Noble Announces Two Key Hires in Finance Organization08:30 EDT Monday, July 16, 2012 NEW YORK (Business Wire) -- Barnes & Noble, Inc. (NYSE: BKS), the leading retailer of content, digital media and educational products, today announced the appointment of Thomas Donohue as Vice President, Treasurer; Kanuj Malhotra as Vice President, Corporate Development; and the promotion of Andy Milevoj to Vice President, Investor Relations, all reporting directly to Mike Huseby, Chief Financial Officer. Mr. Donohue will be responsible for leadership and direction of all treasury activities including corporate finance, capital structure, cash management, financial risk management, international finance, debt management and relationships with financial institutions. He joins Barnes & Noble from The Interpublic Group of Companies, a global provider of advertising and marketing services, where he served as Vice President, Assistant Treasurer, International. Mr. Donohue graduated from Loyola College and received his MBA from the University of Notre Dame. As Vice President, Corporate Development, Mr. Malhotra will be responsible for developing strategic priorities for growth and profitability. He comes to Barnes & Noble from Kaplan Test Prep, a part of The Washington Post Company, where he was Vice President and Finance Head for the Graduate Programs Business Unit. His prior experience includes Cendant Corporation, where he was Vice President, Corporate Development, and later Senior Vice President, Chief Financial Officer of the Cendant Marketing Group's International Division, where he served the same role after its divestiture to Apollo Management. His early career was in Lehman Brothers' Mergers and Acquisition Group. Mr. Malhotra has an MBA in Finance and BA in Economics, both from New York University. Mr. Milevoj, who has been promoted to Vice President, Investor Relations, will continue to manage the company's relationships with shareholders and analysts. He joined Barnes & Noble's Finance Department in August 1998, and over the years has held roles of increasing responsibility including, most recently, Director, Investor Relations. In his tenure with the company, Mr. Milevoj has been involved in numerous financial transactions, including Barnes & Noble's $486 million initial public offering of Barnes & Noble.com, the Company's $209 million acquisition and subsequent spin-off of GameStop, the issuance and early redemption of the company's $300 million convertible notes offering, the $514 million acquisition of Barnes & Noble College Booksellers and a strategic alternatives process that culminated in a $204 million investment in Barnes & Noble by Liberty Media. He graduated with a Bachelor's degree in Finance from St. John's University. About Barnes & Noble, Inc. Barnes & Noble, Inc. (NYSE:BKS), the world's largest bookseller and a Fortune 500 company, operates 691 bookstores in 50 states. Barnes & Noble College Booksellers, LLC, a wholly-owned subsidiary of Barnes & Noble, also operates 647 college bookstores serving over 4.6 million students and faculty members at colleges and universities across the United States. Barnes & Noble conducts its online business through BN.com (www.bn.com), one of the Web's largest e-commerce sites, which also features more than two million titles in its NOOK Bookstore™ (www.bn.com/ebooks). Through Barnes & Noble's NOOK® eReading product offering, customers can buy and read digital books and content on the widest range of platforms, including NOOK devices, partner company products, and the most popular mobile and computing devices using free NOOK software. Barnes & Noble is proud to be named a J.D. Power and Associates 2012 Customer Service Champion and is only one of 50 U.S. companies so named. Barnes & Noble.com is ranked the number one online retailer in customer satisfaction in the book, music and video category and a Top 10 online retailer overall in customer satisfaction according to ForeSee E-Retail Satisfaction Index (Spring Top 100 Edition). General information on Barnes & Noble, Inc. can be obtained via the Internet by visiting the company's corporate website: www.barnesandnobleinc.com. Barnes & Noble, Inc.Mary Ellen Keating, 212-633-3323Corporate Communicationsmkeating@bn.comorCarolyn J. Brown, 212-633-4062Corporate Communicationscbrown@bn.com