October 4, 2007

Alliance Boots notes today's announcement by Standard & Poor's lowering and withdrawing its long term corporate credit rating on Alliance Boots' £520m of public debt.

Standard & Poor's action to lower and withdraw the credit ratings results from the Company's decision, as a private company, not to provide the extensive information on its financial and operational results requested by the ratings agency to continue its surveillance on the ratings.

Alliance Boots is trading well ahead of its expectations and the Board is satisfied that the company has the financial resources to meet its needs.

No further statement will be made in relation to this announcement.

For further information please contact

Gavin Anderson & Company
Richard Constant
Deborah Walter
Tel. +44 (0)207 554 1400

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