Koji – Clint – Antonio – Jeannette – Rhodora – Brittany

Top Executive Compensation Name & Principal PositionYearSalary Stock Options Market Value of Compensation Total Calculated Compensation Gregory D. Wasson President & Chief Executive Officer 2009$750,000193,874 Shares$337,388$2,621,653 Wade D. Miquelon Executive Vice President & Chief Financial Officer 2009$281,44842,765 Shares$89,479$499,715 Mark Wagner Executive Vice President 2006$590,000211,981 shares$1,008,595$2,007,865 Timothy Theriault Senior Vice President & Chief Information Officer Dana I. Green Senior Vice President & Corporate Secretary

Board of Directors – Stephen Davis CEO & Chairman, Bob Evans Farms, Inc. – William Foote Executive Chair & CEO, USG Corp. – Mark Frissora CEO, Hertz Global Holdings, inc. – Cordell Reed Corporate Secretary & Corporate Controller, National Home Centers, Inc. – Nancy Schlichting President & CEO, Henry Ford Health System – David Schwartz, CPA Senior Advisor, River Road Capital Partners – Alejandro Silva President & CEO, Evans Food Group, Ltd. – James Skinner Vice President & CEO, McDonald’s Corporation – Marilou von Ferstel Executive V.P. & GM, Ogilvy, Adams & Rinehart, Inc. – Charles Walgreen III Chairman Emeritus & Founder, Walgreen Co. Walgreens officers -Greg Wasson, CEO Non Employees / Officers

Ticker Symbol WAG Stock is Traded NYSE NASDAQ Shareholders of Record 94,722 as of Sep. 30, 2009

Market Activity

12 Month Trend

Key Items October 30, 2008: announced initiatives to enhance shareholder value.  Reduce cost  Improve productivity  Reduce corporate overhead  Rationalize inventory categories  Realign pharmacy operations $300M to $400M pre-tax costs anticipated over fiscal 2009 and 2010

Key Items February 1, 2009  Gregory D. Wasson became the President & Chief Executive Officer of Walgreens August 31, 2009  The company repurchased 4,500,000 shares of common stock in open market transactions “2009 Repurchase Program”  Board of Directors approved a new stock repurchase program

Sales/Earnings Year to Date Sales: $436 Million Year to Date Earnings: $2.006 Million Net Earnings per share:  2009: $2.03  2008: $2.18

Important Matters At the close of October, Walgreens operated 7,603 stores Increased current & non-current assets by nearly 2.7 million dollars Increased current & non current liabilities by only 415 thousand dollars

Important Matters Fourth quarter sales increase 7.6 to a record 15.7 Billion Dollars Fiscal 2009 sales reach record $63.3billion Cash flow from operations for fiscal 2009 increased 35 percent to record $4.1 billion

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