Rite Aid News

Rite Aid to Release Fourth Quarter Results on April 2

CAMP HILL, PA, (March 16, 2009) - Rite Aid Corporation (NYSE: RAD) said today that it will release financial results for its Fourth Quarter, which ended February 28, 2009, on Thursday, April 2, 2009. The company will hold an analyst call at 8:30 a.m. Eastern Time (5:30 a.m. Pacific Time) with remarks by Rite Aid's management team. The call will be broadcast via the internet and can be accessed through the websites www.riteaid.com and www.StreetEvents.com.

A playback of the call will be available on the internet at www.riteaid.com and www.StreetEvents.com starting at 12 p.m. Eastern Time Thursday, April 2. The playback will be available on both sites until the company's next conference call.

A playback of the call will also be available by telephone for 48 hours beginning at 12 p.m. Eastern Time on April 2, 2009 and ending at 12 p.m. Eastern Time on April 4, 2009. The playback number is (800) 642-1687 from within the U.S. and Canada or (706) 645-9291 from outside the U.S. and Canada with the eight-digit reservation number 90511456.

Rite Aid Corporation is one of the nation's leading drugstore chains with more than 4,900 stores in 31 states and the District of Columbia with fiscal 2009 annual revenues of more than $26.1 billion. Information about Rite Aid, including corporate background and press releases, is available through the company's website at http://www.riteaid.com.

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Contact:

Investors:717-975-3710, Frank Vitrano 717-972-3948 or investor@riteaid.com

Media:Karen Rugen 717-730-7766