rite aid _share holders

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June 25, 2008

Annual Meeting of Stockholders

This is an oral presentation which is accompanied by slides. Investors areurged to review Rite Aid’s SEC filings.

During today’s presentation forward-looking statements may be made.Such statements are subject to certain risks and uncertainties that couldcause actual results to differ materially from those expressed or implied inthe forward-looking statements. Consequently, all forward-lookingstatements made during this presentation are qualified by those risks,uncertainties and other factors.

Please reference Rite Aid’s SEC filings, which are available on its web site,for a detail description of factors that could cause actual results to differmaterially from those expressed or implied in such forward-lookingstatements.

Also during today’s presentation, a non-GAAP financial measure isreferenced. The definition and purpose for using this measure andhistorical and prospective reconciliations to the GAAP measureare in our Form 8-K we furnished to the SEC which is availableon Rite Aid’s web site.

This is an oral presentation which is accompanied by slides. Investors areurged to review Rite Aid’s SEC filings.

During today’s presentation forward-looking statements may be made.Such statements are subject to certain risks and uncertainties that couldcause actual results to differ materially from those expressed or implied inthe forward-looking statements. Consequently, all forward-lookingstatements made during this presentation are qualified by those risks,uncertainties and other factors.

Please reference Rite Aid’s SEC filings, which are available on its web site,for a detail description of factors that could cause actual results to differmaterially from those expressed or implied in such forward-lookingstatements.

Also during today’s presentation, a non-GAAP financial measure isreferenced. The definition and purpose for using this measure andhistorical and prospective reconciliations to the GAAP measureare in our Form 8-K we furnished to the SEC which is availableon Rite Aid’s web site.

Forward-Looking andCautionary Statement

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Mary SammonsChairman, President & CEO

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Completed theBrooks Eckerd Acquisition

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Completed theBrooks Eckerd AcquisitionCompleted theBrooks Eckerd Acquisition

A Stronger National DrugstoreChain with 5,000 StoresA Stronger National DrugstoreChain with 5,000 Stores

Rite Aid is the Largest Drugstore Chain in theEastern US and the 3rd Largest in the Country

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Strong Position in 73% ofOur Major Markets

New York

Los Angeles

Pittsburgh

Philadelphia

Detroit

Boston

Atlanta

Baltimore

Washington DC

Buffalo

Raleigh

Lexington

Sacramento

San Diego

Seattle

Spokane

Bakersfield

Providence

Portland OR

Portland ME

Norfolk

Rochester

Charleston WVA

Lansing

Toledo

Burlington

Riverside CA

Richmond

Santa Barbara

Harrisburg

Strong Position in 73% ofOur Major Markets

HartfordLouisvilleAlbany NYAlbany GAGreensboroGrand RapidsFresnoCharlottesvilleGreenville-SpartanburgCharlotte

Binghamton

Monterey

Redding

Parkersburg

Syracuse

Flint

Bangor

Utica

Yakima

Erie

Wheeling

Youngstown

Johnstown

Wilkes-Barre

Medford

Greenville-

New Bern

Benefits of the Acquisition

►Enhanced competitive position

►Strong East coast market share

►Expected to accelerate revenue andearnings growth

►Expected annual net cost savings ofapproximately $300 million ona full run-rate basis

►Potential to further realize additionalcost savings and revenue synergies

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Great Progress IntegratingAcquired Stores

► Integrated six new distribution centers

► Rite Aid assortments, private brand in all1,800+ stores

► Replaced systems in 2/3 of the stores

► 20% of minor remodels completed

► Consolidated back office functions likepayroll and accounting

► Delivered more cost savings synergies,than originally expected

Improved Performanceof Core Stores

►Same store sales increased by 1.3%►Pharmacy same store sales growth at 1.7%►Front end same store sales up 0.7%►Customer satisfaction improved

New Store DevelopmentContinued

120 New Customer World Stores

Increased ManagementDepth of Senior Team

Rob EasleyChief Operating

Officer

Brian FialaExecutive VP,

Store Operations

Successfully Complete theIntegration

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Our Progress to Date

►Systems conversions complete►Field management alignment complete►Nearly all stores in close proximity

combined►Minor remodels complete in almost 70%

of acquired stores

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On Track to Completethe Integration by October!

What We’re Hearing

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“I like the appearance of the store. It is muchmore open, wider and inviting.”

“They are clean, organized and have a largerselection.”

“I don’t have to wait for my prescriptions.”

“Now I can find the stuff I need quickly.”

“It’s easier to find make-up and over thecounter medicine. The make-up is betterorganized with more selection.”

Sales Trends Improvingin Acquired Stores

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Closing the Gapin Critical CategoriesClosing the Gapin Critical Categories

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Private Brand PenetrationImprovingPrivate Brand PenetrationImproving

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Increase Productivityin ALL Stores

Focused on theCustomer Experience

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Our Health and Wellness Vision

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Leader in Diabetes Care

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Health ConditionMarketing Programs

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Immunizations

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