ITASCA, Ill., Nov. 5 /PRNewswire-FirstCall/ -- OfficeMax(R) Incorporated
(NYSE: OMX), formerly Boise Cascade Corporation, today announced that it has
successfully completed the cash purchase of various series of securities
subject to the company's previously announced tender offers for a total price
of $1.171 billion, including approximately $125 million of premiums.  The
company has also paid accrued and unpaid interest on all tendered securities
up to, but not including, today, the settlement date.
    A total of $1.046 billion aggregate principal amount of the various series
of securities was tendered on or prior to the expiration date of 5 p.m.,
Eastern Time, November 4, 2004.  As a result of the completion of the tender
offer for its Senior Floating Rate Debentures due 2006, certain restrictive
covenants limiting the company's financial flexibility will no longer be in
effect with regard to the Floating Rate Debentures.  OfficeMax also sought
consents, as part of the tender process, to allow it to amend the indentures
for its 6.50% Senior Notes and its 7.00% Senior Notes to remove certain
similar restrictive covenants.  The company has obtained the consents with
regard to its 6.50% Senior Notes.  The company did not receive the requested
consents with regard to the 7.00% Senior Notes, so it is taking steps to
achieve additional covenant flexibility through other avenues.  OfficeMax does
not expect the terms of those securities to be an impediment to returning a
portion of its forest products asset disposition proceeds to its shareholders.
    The table below outlines, by series, the securities included in the
offers, the principal amount tendered prior to the expiration date and the
principal amount remaining outstanding.



                                  Principal Amount         Principal
    Title of Security             Tendered                 Remaining
                                                           Outstanding
    6.50% Senior Notes
     due 2010                     $286,320,000             $13,680,000
    7.00% Senior Notes
     due 2013                     $93,607,000              $106,393,000
    7.05% Notes due 2005          $106,028,000             $43,972,000
    7.43% Notes due 2005          $12,679,000              $5,826,000
    7.48% Notes due 2005          $1,281,000               $22,019,000
    7.50% Notes due 2008          $120,344,000             $29,656,000
    9.45% Debentures
     due 2009                     $114,293,000             $35,707,000
    7.45% Notes due 2011          $49,600,000              $400,000
    7.90% Notes due 2012          $17,000,000              $35,000,000
    7.35% Debentures
     due 2016                     $100,156,000             $24,844,000
    Senior Floating Rate
     Debentures due 2006          $144,500,000             $28,000,000



    About OfficeMax
    OfficeMax is a leader in both business-to-business and retail office
products distribution.  OfficeMax delivers an unparalleled customer experience
-- in service, in product, in time savings, and in value -- through a
relentless focus on its customers.  The company provides office supplies and
paper, technology products and solutions, and furniture to large, medium, and
small businesses and consumers.  OfficeMax customers are served by more than
40,000 associates through direct sales, catalogs, the Internet, and more than
900 superstores.  The business had sales of $6.6 billion in the first nine
months of 2004.

    Forward-Looking Statements
    This release contains forward-looking statements.  These statements set
forth our expectations about the future, but they are subject to uncertainties
that could cause actual results to differ materially from those expressed in
the forward-looking statements.  Factors that could cause our business not to
develop as we expect may emerge from time to time, and it is not possible for
us to predict all of them.  Further, we cannot assess the impact of each
currently known or new factor on our business or the extent to which any
factor, or combination of factors, may cause actual results to differ
materially from those contained in any forward-looking statements.  Investors
should not place undue reliance on these statements.  Further, any forward-
looking statement speaks only as of the date on which it is made, and except
as required by law, we undertake no obligation to update any forward-looking
statement to reflect events or circumstances after the date on which it is
made or to reflect the occurrence of anticipated or unanticipated events or
circumstances.

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