Perrigo Reports Record Sales, Earnings and Cash Flow From Operations for F...(so exiting our German manufacturing faci...),Health

In connection with the closure of the German facility (which was part of the 2005 Agis acquisition), the Company incurred restructuring charges of approximately $15 million. Refer to Table II at the end of this press release for adjustments in the current year and prior year periods and additional non-GAAP disclosure information.

The Company's reported results are summarized in the attached Consolidated Statements of Income, Balance Sheets and Statements of Cash Flows. As part of management's strategic review of its portfolio of businesses, in March 2009, the Company committed to a plan to sell its Israel Consumer Products business. The results of this business are reflected in the consolidated financial statements as discontinued operations for all periods presented.

                                    Perrigo Company
      (from continuing operations, in thousands, except per share amounts)
        (see the attached table II for reconciliation to GAAP numbers)

                               Fourth Quarter             Fiscal Year
                               --------------             -----------
                               2009        2008        2009         2008
    Net Sales                $508,209    $474,282  $2,006,862   $1,729,921
    Reported Income           $32,280     $32,160    $141,098     $140,197
    Adjusted Income           $46,927     $42,151    $174,637     $154,485
    Reported Diluted EPS        $0.35       $0.34       $1.51        $1.47
    Adjusted Diluted EPS        $0.50       $0.44       $1.87        $1.62
    Diluted Shares             93,290      95,076      93,629       95,210

Fourth Quarter Results
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