Longueuil, Québec, April 16, 2013 - In accordance with the provisions of Rule 144 under the Securities Act of 1933, The Jean Coutu Group filed on April 15, 2013 a notice confirming its intent to dispose up to 72,500,000 of its 178,401,162 common shares of Rite Aid Corporation (" Rite Aid "). The Jean Coutu Group completed the sale of these 72,500,000 common shares today. These shares were sold at an average price of US$2.20 per share for a net proceed of US$158.5 million. A gain of US$49.7 million will be recorded in the Corporation’s net profit during the first quarter of the 2014 fiscal year.
The sale of these shares brings the Corporation’s interest in Rite Aid’s outstanding common shares down to 11.7%.
Hélène Bisson
Vice-President, Communications
The Jean Coutu Group (PJC) Inc.
(450) 646-9611, Extension 1165
[email protected]