Schering-Plough Reports Financial Results for 2007 Fourth Quarter,...(/p per common share: Earnings avai...)

per common share:

Earnings available

to common shareholders

before cumulative

effect of a change

in accounting

principle $0.69 $0.87

Cumulative effect

of a change in

accounting principle,

net of tax 0.02 -

Diluted earnings

per common share $0.71 $0.87

Average common

shares outstanding

-diluted 1,491 1,491

SCHERING-PLOUGH CORPORATION

Reconciliation from Reported Net (Loss)/Income Available to Common Shareholders and Reported Diluted (Loss)/Earnings Per Common Share to As Reconciled Amounts for Net (Loss)/Income

Available to Common Shareholders and Diluted (Loss)/Earnings per Common Share (unaudited)

"As Reconciled" amounts related to Net (loss)/income available to common shareholders and diluted (loss)/earnings per common share reflect the following adjustments:

(Amounts in Millions)

Fourth Quarter Twelve Months

2007 2006 2007 2006

Purchase accounting

adjustments:

Amortization of intangibles

in connection with the

acquisition of Organon

BioSciences (a) $65 $- $65 $-

Depreciation related to

the fair value adjustment

of fixed assets related

to the acquisition of

Organon BioSciences (a) 3 - 3 -

Charge related to the

fair value adjustment

to inventory related

to the acquisition of

Organon BioSciences (a) 258 - 258 -

Acquired IPR&D related

to the acquisition of

Organon BioScience
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