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CVS/pharmacy Announces Agreements With U.S. Drug Enforcement Administration and U.S. Attorneys' Offices
Date:10/14/2010

been fully reserved, as previously disclosed, and should have no further effect on the company's financial results.

"We are announcing today that we have resolved this issue, which unfortunately resulted from a breakdown in CVS/pharmacy's normally high management and oversight standards," said Thomas M. Ryan, Chairman and CEO, CVS Caremark.  "While this lapse occurred in 2007 and 2008 and has been addressed, it was an unacceptable breach of the company's policies and was totally inconsistent with our values.  CVS/pharmacy is unwavering in its support of the measures taken by the federal government and the states to prevent drug abuse.

"To make certain this kind of lapse never takes place again," Ryan continued, "we have strengthened our internal controls and compliance measures and made substantial investments to improve our handling and monitoring of PSE by implementing enhanced technology and making other improvements in our stores and distribution centers."

Ryan concluded, "CVS/pharmacy will continue to cooperate fully with the DEA and other law enforcement agencies in their efforts to keep PSE out of the wrong hands."

About CVS/pharmacyCVS/pharmacy, the retail division of CVS Caremark Corporation (NYSE: CVS), is America's leading retail pharmacy with more than 7,100 CVS/pharmacy and Longs Drug stores.  CVS/pharmacy is committed to improving the lives of those we serve by making innovative and high-quality health and pharmacy services safe, affordable and easy to access, both in its stores and online at CVS.com.  General information about CVS/pharmacy and CVS Caremark is available at http://info.cvscaremark.com.Media Contact:Investor Contact:Eileen Howard Dunn

Nancy ChristalSenior Vice President

Senior Vice PresidentCorporate Communications

Investor Relations(401) 770-45
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SOURCE CVS/pharmacy
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