Investor Presentation - Barnes & Noble, Inc.

Leading Market Position with Growth Opportunities2,000+ Institutions Still Operate Own BookstoreApproximately 65% of the marketContract Management RationaleSelect Campus RelationshipsFinancial pressure on schools– School‐run bookstores can beunprofitable– Frees up working capital– Existing stores may requiresignificant capital investmentKey component of campusrejuvenation planImproved storemanagement/service levels46Boston UniversityColumbia UniversityDePaul UniversityGeorgia Institute of TechnologyHarvard CoopKentucky Community & Technical College SystemsThe Ohio State UniversityThe Pennsylvania State University SystemRochester Institute of TechnologySanta Clara UniversityTexas A&M UniversityUniversity of Central FloridaThe University of ChicagoUniversity of MemphisUniversity of MichiganUniversity of Nevada, Las VegasUniversity of PennsylvaniaWashington State UniversityYale University