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CVS Caremark Reports Record Results in Fourth Quarter and Year 2008
Date:2/19/2009

$764.6 $754.3 Depreciation and amortization 92.7 90.2 EBITDA $857.3 $844.5 Adjusted claims 204.7 188.4 EBITDA per adjusted claim $4.19 $4.48

(1) The Comparable Financial Information combines the historical Pharmacy Services Segment results of CVS and Caremark assuming the Caremark Merger and any adjustments to the estimated assets acquired and liabilities assumed as of March 22, 2007 occurred at the beginning the fiscal year ended December 29, 2007. Accordingly, the comparable results include incremental depreciation and amortization expense resulting from the fixed and intangible assets recorded in connection with the Caremark Merger and exclude merger-related expenses and integration costs. The comparable financial information, which is used by management to assess year-to-year performance, has been provided for illustrative purposes only and does not purport to be indicative of the actual results that would have been achieved by the combined business segment for the periods presented or that will be achieved by the combined business segment in the future.

(2) Merger and integration costs for the quarter ended December 31, 2008 primarily include severance, system integration and facility consolidation costs. Merger and integration costs for the fiscal quarter ended December 29, 2007 primarily include severance and retention, system integration and facility consolidation costs.

(3) The fourth quarter of fiscal 2008 includes the results of RxAmerica from the acquisition date (October 20, 2008) forward.

Supplemental Information

Preliminary and Unaudited

Retail Pharmacy Segment

The following table summarizes
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SOURCE CVS Caremark Corporation
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