Rite Aid regained compliance after its closing share price on June 30, 2009 and its average closing share price for the 30-days of trading ending June 30, 2009 were both above $1.00. The company, which has continued to trade on the NYSE, is now in compliance with all NYSE listing rules.

The company also said it does not intend to implement the reverse stock split its Board of Directors and stockholders had approved to regain compliance with the share price listing rule.

Rite Aid is one of the nation's leading drugstore chains with more than 4,800 stores in 31 states and the District of Columbia with fiscal 2009 annual sales of more than $26.3 billion. Information about Rite Aid, including corporate background and press releases, is available through Rite Aid's website at www.riteaid.com.

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