Shoppers Drug Mart Corporation to release fourth quarter results on February 5 and hold analyst conference call

    TORONTO, Jan. 8 /CNW/ - Shoppers Drug Mart Corporation (TSX: SC) today
announced that on Tuesday, February 5, 2008, it will release financial results
for its fourth quarter and fiscal year ended December 29, 2007.
    The Company will hold an analyst call on February 5, 2008 at 3:30 p.m.
(Eastern Standard Time) to discuss the results. The call may be accessed by
dialing 416-641-6114 from within the Toronto area, or 1-866-696-5895 outside
of Toronto. The call will also be simulcast on the Company's website for all
interested parties. The webcast can be accessed via the Investor Relations
section of the Shoppers Drug Mart website at
    The conference call will be archived in the Investor Relations section of
the Shoppers Drug Mart website until the Company's next analyst call. A
playback of the call will also be available by telephone until 11:59 p.m.
(Eastern Standard Time) on February 19, 2008. The call playback can be
accessed after 5:00 p.m. (Eastern Standard Time) on Tuesday, February 5, 2008
by dialing 416-695-5800 from within the Toronto area, or 1-800-408-3053
outside of Toronto. The seven-digit passcode number is 3247559.

    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 1,050 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 63 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 also own MediSystem Technologies Inc., a provider
of pharmaceutical products and services to long-term care facilities in
Ontario and Alberta.

    %SEDAR: 00016987EF

For further information:

For further information: Media Contact: (416) 493-1220, ext. No. 5500,; Investor Relations: (416) 493-1220, ext.
No. 5678,

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