Shoppers Drug Mart Corporation files amendment to short form base shelf prospectus



    
    /NOT FOR DISTRIBUTION IN THE UNITED STATES OR OVER UNITED STATES WIRE
    SERVICES/
    

    TORONTO, June 22 /CNW/ - Shoppers Drug Mart Corporation (TSX: SC) today
announced that it has filed, with the securities regulators in each of the
provinces of Canada, an amendment to its short form base shelf prospectus
dated May 22, 2008 (as amended, the "Amended Prospectus") to increase the
aggregate principal amount of medium term notes to be issued from time to time
from $1 billion to $1.5 billion. To date, the Company has issued an aggregate
of $950 million principal amount of medium term notes under its original short
form base shelf prospectus dated May 22, 2008. No incremental debt has been
incurred by the Company as a result of this filing.
    Any offering of medium term notes under the Amended Prospectus is
expected to be made by way of a prospectus supplement or pricing supplement to
the Amended Prospectus. The Amended Prospectus, including the documents
incorporated by reference therein, contains important information concerning
these securities and is available on SEDAR at www.sedar.com. Prospective
investors should read the Amended Prospectus, as supplemented and amended from
time to time, before making any investment decision.
    The securities referred to herein have not been and will not be
registered under the United States Securities Act of 1933, as amended, or any
state securities laws and may not be offered, sold or delivered within the
United States of America and its territories and possessions except in certain
transactions exempt from such registration requirements.

    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 1,144 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 licenses
or owns more than 30 medical clinic pharmacies operating under the name
Shoppers Simply Pharmacy (Pharmaprix Simplement Santé in Québec) and two
luxury beauty destinations operating as Murale. As well, the Company also owns
and operates 66 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 Shoppers Drug Mart Specialty Health
Network Inc., a provider of specialty drug distribution, pharmacy and
comprehensive patient support services, and MediSystem Technologies Inc., a
provider of pharmaceutical products and services to long-term care facilities
in Ontario and Alberta.
    Additional information about the Company, including its Annual
Information Form and Management's Discussion & Analysis of its financial
performance, can be found at www.sedar.com.

    %SEDAR: 00016987EF




For further information:

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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