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Rite Aid Extends Exchange Offer

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^{Published in Stocks and Investing on Tuesday, December 21st 2010 at 5:21 GMT by Market Wire}  

CAMP HILL, Pa.--([ BUSINESS WIRE ])--Rite Aid Corporation (NYSE: RAD) announced today that it has extended its offer to the holders of the $650.0 million aggregate principal amount of its 8.00% Senior Secured Notes due 2020, issued August 16, 2010, to exchange such notes for a like principal amount of notes with identical terms other than that such new notes have been registered under the Securities Act of 1933, as amended.

The exchange offer, which had been scheduled to expire on December 20, 2010 at 5:00 p.m. New York City time, will now expire at 5:00 p.m., New York City time, on Tuesday, December 21, 2010, unless further extended by Rite Aid. All other terms, provisions and conditions of the exchange offer will remain in full force and effect. The Bank of New York Mellon Trust Company, N.A. has been appointed as exchange agent for the exchange offer. Requests for assistance or documents should be directed to The Bank of New York Mellon Trust Company, N.A. at (212) 815-5920.

Rite Aid said it has been informed by the exchange agent that, as of 5:00 p.m., New York City time, on December 20, 2010, $637.4 million in aggregate principal amount of its 8.00% Senior Secured Notes due 2020 had been tendered in the exchange offer. This amount represents approximately 98.1% of the outstanding 8.00% Senior Secured Notes due 2020.

Rite Aid is one of the nationa™s leading drugstore chains with more than 4,700 stores in 31 states and the District of Columbia and fiscal 2010 annual revenues of $25.7 billion. Information about Rite Aid, including corporate background and press releases, is available through the companya™s website at [ http://www.riteaid.com ].

This notice does not constitute an offer of any securities.