Rite Aid Corporation

Rite Aid Declares Series E and I Preferred Stock Dividends

Published in Healthcare Mergers, Acquisitions and Ventures Week, April 21st, 2007

Rite Aid Corporation (NYSE:RAD) announced that its Board of Directors has declared a cash dividend of $0.875 per share on its 7.0% Series E Mandatory Convertible Preferred Stock for the period commencing on February 1, 2007 through April 30, 2007. The dividend is payable on May 1, 2007 to shareholders of record as of April 16, 2007.

Rite Aid Corporation today also announced that its Board of Directors has declared a cash dividend of $0.3438 per share on its 5.5% Series I Mandatory Convertible Preferred Stock for the period commencing on February 1, 2007 through April 30, 2007. The dividend is payable on May 1, 2007 to shareholders of record as of April 16, 2007.

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Source: Healthcare Mergers, Acquisitions and Ventures Week (2007-04-21)

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