Walgreens and Alliance Boots Advance Vision to Establish First Global Pharmacy-Led, Health and Wellbeing Enterprise with

  Walgreens and Alliance Boots Advance Vision to Establish First Global
  Pharmacy-Led, Health and Wellbeing Enterprise with Appointment of Alex
  Gourlay as Walgreens Executive Vice President, President of Customer
  Experience and Daily Living

Business Wire

DEERFIELD, Ill. -- August 14, 2013

Walgreen Co. (NYSE: WAG) (NASDAQ: WAG), the largest drugstore chain in the
U.S., and Alliance Boots GmbH, a leading international pharmacy-led health and
beauty group, today announced that Alex Gourlay, Chief Executive of the Health
& Beauty Division, Alliance Boots, has been appointed as Walgreens Executive
Vice President, President of Customer Experience and Daily Living, effective
Oct. 1.

In this new role reporting to Walgreens President and Chief Executive Officer
Greg Wasson, Gourlay will lead an enhanced Walgreens Daily Living business
operation overseeing customer experience, U.S. merchandising, marketing,
customer insights, daily living products and promotions. The move follows the
Walgreens and Alliance Boots strategic partnership announcement in June 2012,
when the companies set forth a two-step process that would allow for the
thoughtful integration of the two organizations. That process began at the end
of 2012 with the establishment of a joint venture in Switzerland and the
transition of key Walgreens and Alliance Boots executives to that entity.

Wasson said, “We are very pleased to welcome Alex to Walgreens as we continue
to advance our Alliance Boots strategic partnership. Alex’s move to lead the
Walgreens Daily Living and Merchandising team represents another important
step forward, and is a key part of our cultural integration. At Walgreens,
Alex will lead a strong Daily Living business team – which is already building
momentum – to further advance our vision to be the first choice in health and
daily living for everyone in America, and beyond. As he gains more experience
in the U.S. market, we will be better positioned than ever to accelerate our
daily living journey by combining the best practices of both Walgreens and
Alliance Boots. Alex’s new position is a clear testament to the positive
progress we are making in bringing our two organizations together. In the
future, you can expect to hear about additional moves by both organizations to
further support the combination of our two iconic brands.”

Stefano Pessina, Executive Chairman of Alliance Boots, commented, “Following
last year’s announcement of our strategic partnership, Alliance Boots and
Walgreens have already made good progress in paving the way for the creation
of the first global health and wellbeing enterprise. Today’s announcement is
further proof of our strong pace and momentum. Alex’s contribution to the
success of Alliance Boots and its Health & Beauty Division has been
invaluable. I am convinced that he will also make a huge difference in
advancing the Walgreens/Alliance Boots strategic partnership, sharing his
leadership and experience in driving excellent customer care and developing
innovative product and service offerings. As a trusted pharmacy brand with a
strong heritage, Walgreens consumer profile in the U.S. is remarkably similar
to Boots in the U.K. We expect that further reciprocal appointments will
follow over time as we increasingly work closely together.”

In June 2012, when Walgreens and Alliance Boots announced their strategic
partnership, the companies highlighted the opportunity to bring together their
strengths and expertise, expand their range of innovative, cost-effective
products and services for patients and customers, and create an unparalleled
portfolio of retail and business brands including Walgreens, Duane Reade,
Boots, and Alliance Healthcare. In October 2012, Walgreens and Alliance Boots
announced the establishment of a jointly owned company, called Walgreens Boots
Alliance Development GmbH, based in Bern, Switzerland.

Gourlay’s appointment to Walgreens advances the two companies’ partnership,
integration and synergies of businesses, talent and innovation. Named Chief
Executive of the Health & Beauty Division, Alliance Boots, in January 2009 and
appointed to the Group’s board of directors, he previously was
ManagingDirector of Boots U.K. and a member of theAlliance Boots Group
operating committeefollowing the acquisition of Alliance Boots plcby AB
Acquisitions Ltd in 2007. Gourlay also had served as Healthcare Director of
Boots theChemists, having previously held senior managementpositions in
store operations and humanresources. He is apharmacist and a member of the
RoyalPharmaceutical Society of Great Britain.

About Walgreens

As the nation's largest drugstore chain with fiscal 2012 sales of $72 billion,
Walgreens (www.walgreens.com) vision is to be the first choice in health and
daily living for everyone in America, and beyond. Each day, Walgreens provides
more than 6 million customers the most convenient, multichannel access to
consumer goods and services and trusted, cost-effective pharmacy, health and
wellness services and advice in communities across America. Walgreens scope of
pharmacy services includes retail, specialty, infusion, medical facility and
mail service, along with respiratory services. These services improve health
outcomes and lower costs for payers including employers, managed care
organizations, health systems, pharmacy benefit managers and the public
sector. The company operates 8,105 drugstores in all 50 states, the District
of Columbia and Puerto Rico. Take Care Health Systems is a Walgreens
subsidiary that is the largest and most comprehensive manager of worksite
health and wellness centers and in-store convenient care clinics, with more
than 700 locations throughout the country.

About Alliance Boots

Alliance Boots is a leading international, pharmacy-led health and beauty
group delivering a range of products and services to customers. Working in
close partnership with manufacturers and pharmacists, we are committed to
improving health in the local communities we serve and helping our customers
and patients to look and feel their best. Our focus is on growing our two core
businesses: pharmacy-led health and beauty retailing and pharmaceutical
wholesaling and distribution, while increasingly developing and
internationalising our product brands.

Alliance Boots has a presence in more than 25* countries and employs over
108,000* people. Alliance Boots has pharmacy-led health and beauty retail
businesses in nine* countries and operates more than 3,100* health and beauty
retail stores, of which just over 3,000* have a pharmacy. In addition,
Alliance Boots has around 605* optical practices, of which around 190* operate
on a franchise basis, and around 390* hearingcare practices. Our
pharmaceutical wholesale businesses deliver over 4.6 billion* units each year
to more than 170,000* pharmacies, doctors, health centres and hospitals from
over 370* distribution centres in 20* countries.

In June 2012, Alliance Boots announced that it had entered into a strategic
partnership with Walgreen Co., the largest drugstore chain in the US, to
create the first global pharmacy-led, health and wellbeing enterprise.

* Figures are approximations as at 31 March 2013 and include associates and
joint ventures.

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Contact:

Walgreens
Investor Relations:
Rick Hans / Ashish Kohli
+1 847 315 2385 / +1 847 315 3810
or
Media Relations:
Michael Polzin, +1 847 315 2920
or
Brunswick Group: Steve Lipin / Gemma Hart, +1 212 333 3810
or
Alliance Boots
Investor Relations:
Gerald Gradwell +44 (0)207 980 8527 (UK), +1 646 688 1336 (US)
or
Media Relations:
Yves Romestan / Laura Vergani, +44 (0)207 980 8585
or
RLM Finsbury UK (London): James Murgatroyd / Katie Lang, +44 (0)207 251 3801