Duane Reade Inc. to Broadcast Review of Third Quarter Results Over the Internet NEW YORK, Oct. 29 /PRNewswire-FirstCall/ -- Duane Reade Inc. will be broadcasting the Company's conference call to discuss third quarter results. The call will be on Thursday, November 4, 2004 at 10:00 a.m. Eastern Time and can be accessed by logging on to http://www.duanereade.com/. Anthony Cuti, Chairman, President, and Chief Executive Officer, and John Henry, Senior Vice President and Chief Financial Officer, will host the call. An online archive of the broadcast will be available within one hour of the completion of the call and will be accessible at http://www.duanereade.com/ until November 18, 2004. Founded in 1960, Duane Reade is the largest drug store chain in the metropolitan New York City area, offering a wide variety of prescription and over-the-counter drugs, health and beauty care items, cosmetics, greeting cards, photo supplies and photofinishing. As of September 25, 2004, the Company operated 255 stores. Duane Reade maintains a website at http://www.duanereade.com/. Except for historical information contained herein, the statements in this release are forward-looking and made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements involve known and unknown risks and uncertainties, which may cause the Company's actual results in future periods to differ materially from forecasted or expected results. Those risks include, among other things, the competitive environment in the drugstore industry in general and in the Company's specific market area. Those and other risks are more fully described in the Company's filings with the Securities and Exchange Commission. DATASOURCE: Duane Reade Inc. CONTACT: Cara O'Brien, or Lila Sharifian, or Melissa Merrill, all of Financial Dynamics, +1-212-850-5600, for Duane Reade Inc. Web site: http://www.duanereade.com/

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