Press Releases

Shoppers Drug Mart Corporation amends its existing bank credit facility and increases its commercial paper program

Apr 22, 2008

TORONTO, April 22 /CNW/ - Shoppers Drug Mart Corporation (TSX: SC) today
announced that it has completed an amendment to its existing bank credit
facility which matures in June of 2011, increasing the size of the facility
from $550 million to $800 million. The bank credit facility is available for
general corporate purposes, including refinancing existing indebtedness and to
backstop the Company's commercial paper program. In conjunction with this
amendment, the Company also announced that its commercial paper program has
been increased from $300 million to $500 million. The Company's commercial
paper program retains its rating of R-1(low) by Dominion Bond Rating Service.
On a consolidated basis, no incremental debt has been incurred by the Company
as a result of these changes.

About Shoppers Drug Mart Corporation

Shoppers Drug Mart Corporation is one of the most recognized and trusted
names in Canadian retailing. The Company is the licensor of full-service
retail drug stores operating under the name Shoppers Drug Mart (Pharmaprix in
Québec). With more than 1,080 Shoppers Drug Mart and Pharmaprix stores
operating in prime locations in each province and two territories, the Company
is one of the most convenient retailers in Canada. The Company also owns and
operates 65 Shoppers Home Health Care stores, making it the largest Canadian
retailer of home health care products and services. In addition to its retail
store network, the Company owns MediSystem Technologies Inc., a provider of
pharmaceutical products and services to long-term care facilities in Ontario
and Alberta.

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For further information: Media Contact: Tammy Smitham, Director, Communications & Corporate Affairs, (416) 490-2892, or corporateaffairs@shoppersdrugmart.ca, (416) 493-1220, ext. 5500; Investor Relations: (416) 493-1220, ext. 5678, investorrelations@shoppersdrugmart.ca


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