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Press release from CNW Group

Shoppers Drug Mart Corporation files preliminary short form base shelf prospectus for up to $1 billion of medium term notes

Friday, December 16, 2011

Shoppers Drug Mart Corporation files preliminary short form base shelf prospectus for up to $1 billion of medium term notes16:37 EST Friday, December 16, 2011/NOT FOR DISTRIBUTION IN THE UNITED STATES OR OVER UNITED STATES WIRE SERVICES/TORONTO, Dec. 16, 2011 /CNW/ - Shoppers Drug Mart Corporation (TSX: SC) today announced that it has filed, with the securities regulators in each of the provinces of Canada, a preliminary short form base shelf prospectus for the issuance of up to $1 billion of medium term notes.  Subject to obtaining a receipt for a final short form base shelf prospectus, medium term notes can be issued under the final prospectus for up to 25 months from the date of the final receipt.  No incremental debt has been incurred by the Company as a result of this filing.The preliminary short form base shelf prospectus filed today has not yet become final for the purpose of a distribution to the public and is still subject to completion or amendment.  This news release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale or any acceptance of an offer to buy these securities in any province of Canada prior to the time a receipt for the final prospectus or other authorization is obtained from the securities commission or similar authority in such province.   The preliminary short form base shelf prospectus contains important information concerning these securities and is available on SEDAR at www.sedar.com.The securities referred to herein have not been and will not be registered under the United States Securities Act of 1933, as amended, or any state securities laws and may not be offered, sold or delivered within the United States of America and its territories and possessions except in certain transactions exempt from such registration requirements.About Shoppers Drug Mart CorporationShoppers Drug Mart Corporation is one of the most recognized and trusted names in Canadian retailing.  The Company is the licensor of full-service retail drug stores operating under the name Shoppers Drug Mart (Pharmaprix in Québec).  With more than 1,198 Shoppers Drug Mart and Pharmaprix stores operating in prime locations in each province and two territories, the Company is one of the most convenient retailers in Canada.  The Company also licenses or owns 60 medical clinic pharmacies operating under the name Shoppers Simply Pharmacy (Pharmaprix Simplement Santé in Québec) and eight luxury beauty destinations operating as Murale.  As well, the Company owns and operates 63 Shoppers Home Health Care stores, making it the largest Canadian retailer of home health care products and services.  In addition to its retail store network, the Company owns Shoppers Drug Mart Specialty Health Network Inc., a provider of specialty drug distribution, pharmacy and comprehensive patient support services, and MediSystem Technologies Inc., a provider of pharmaceutical products and services to long-term care facilities in Ontario and Alberta.For more information, visit www.shoppersdrugmart.ca.For further information: Media Contact:      Investor Relations: Tammy Smitham      (416) 493-1220, ext. 5678 Director, Communications & Corporate Affairs         investorrelations@shoppersdrugmart.ca (416) 490-2892, or   corporateaffairs@shoppersdrugmart.ca   (416) 493-1220, ext. 5500