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CVS/pharmacy Supports PharmacyCareOneCard

Card will make access to Rx benefits for low-income seniors easier for consumers and pharmacists

WOONSOCKET, R.I., Mar 11, 2002 /PRNewswire -- CVS/pharmacy (NYSE: CVS) announced today that it supports the PharmacyCareOneCard unveiled today by the National Association of Chain Drugstores (NACDS).

The PharmacyCareOneCard is a single card that will benefit low-income seniors by giving them easier access to multiple drug manufacturers' discounts at their local pharmacy.

"In just the last year, we have seen the introduction of several new prescription benefit cards by manufacturers. The PharmacyCareOneCard would place these card programs under a single administrative umbrella. This streamlined process will make life easier for both consumers and pharmacists," said James F. Smith, Senior Vice President of Health Care Services at CVS/pharmacy.

CVS is America's #1 pharmacy, dispensing prescriptions in more stores than any other retailer. With annual revenues that exceed $22 billion, CVS has created innovative approaches to serve the healthcare needs of all of its customers through more than 4,000 CVS/pharmacy stores; CVS ProCare, its specialty pharmacy business; CVS.com, its online pharmacy; and PharmaCare, its pharmacy benefit management company. General information about CVS is available through the Investor Relations portion of the Company's website, at http://www.CVS.com.

SOURCE CVS

CONTACT: Todd Andrews, Director, Corporate Communications of CVS Corporation, +1-401-770-5717 URL: http://www.cvs.com http://www.prnewswire.com

"Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995: Statements in this press release regarding CVS Caremark Corporation's business which are not historical facts are "forward-looking statements" that involve risks and uncertainties. For a discussion of such risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see "Risk Factors" in the Company's Annual Report or Form 10-K for the most recently ended fiscal year.