RNS Number:0835U
Kohlberg Kravis Roberts & Co LP
30 March 2007



KOHLBERG KRAVIS ROBERTS & CO. ("KKR") AND STEFANO PESSINA



KKR and Stefano Pessina (together the "Consortium") note the announcement made
today by Alliance Boots plc ("Alliance Boots" or the "Company") regarding a
potential proposal to acquire the Company at a price of 1,040 pence in cash
(including any dividend declared or paid after 29 March 2007) per Alliance Boots
share subject to, inter alia, due diligence and a recommendation from the Board
of Alliance Boots (although the Consortium reserves the right to waive any such
conditions or requirements). The Consortium confirms that it expects shortly to
commence due diligence on the Company.



The Consortium's investment rationale is predicated on long-term growth.  Its
objective is to work with the existing management team to enhance Alliance
Boots' position as a global leader in the healthcare services and beauty
industries. The Consortium is also committed to building upon Alliance Boots'
unique position as a trusted UK brand and retail institution.



The Consortium's planned acquisition of Alliance Boots represents a long-term
commitment to develop further all of the Company's existing businesses, both in
the UK and overseas.  The Consortium intends to invest further in Alliance Boots
in order to best position the Company to respond to the rapid structural changes
in the European pharmacy retail and wholesale markets in which it operates.



This announcement does not amount to a firm intention to make an offer and, at
this stage, there can be no certainty that an offer will be forthcoming, even if
the above conditions or requirements are satisfied or waived.



For further enquiries, contact:



Gavin Anderson & Company
Tel: +44 (0)20 7554 1400

Richard Constant



JPMorgan Cazenove
  Tel: +44 (0)20 7588 2828

David Mayhew



Merrill Lynch International
    Tel: +44 (0)20 7628 1000

Simon Mackenzie-Smith



UniCredit Markets & Investment Banking                                  Tel: +44
(0)20 7826 1788

Edoardo Spezzotti



JPMorgan Cazenove is acting exclusively for the Consortium and no-one else in
relation to the matters described in this announcement and will not be
responsible to anyone other than the Consortium for providing the protections
afforded to clients of JPMorgan Cazenove or for providing advice in relation to
the matters described in this announcement.

Merrill Lynch International, is acting exclusively for the Consortium and no-one
else in relation to the matters described in this announcement and will not be
responsible to anyone other than the Consortium for providing the protections
afforded to clients of Merrill Lynch International or for providing advice in
relation to the matters described in this announcement.

UniCredit Markets & Investment Banking (through Bayerische Hypo-und Vereinsbank
AG, London Branch) is acting exclusively for the Consortium and no-one else in
relation to matters described in this announcement and will not be responsible
to anyone other than the Consortium for providing the protections afforded to
clients of UniCredit Markets & Investment Banking or for providing advice in
relation to the matters described in this announcement.

Dealing Disclosure Requirements



Under the provisions of Rule 8.3 of the Takeover Code (the "Code"), if any
person is, or becomes, "interested" (directly or indirectly) in 1% or more of
any class of "relevant securities" of Alliance Boots, all "dealings" in any
"relevant securities" of that company (including by means of an option in
respect of, or a derivative referenced to, any such "relevant securities") must
be publicly disclosed by no later than 3.30 pm (London time) on the London
business day following the date of the relevant transaction. This requirement
will continue until the date on which the offer becomes, or is declared,
unconditional as to acceptances, lapses or is otherwise withdrawn or on which
the "offer period" otherwise ends. If two or more persons act together pursuant
to an agreement or understanding, whether formal or informal, to acquire an
"interest" in "relevant securities" of Alliance Boots, they will be deemed to be
a single person for the purpose of Rule 8.3.



Under the provisions of Rule 8.1 of the Code, all "dealings" in "relevant
securities" of Alliance Boots by the Consortium or Alliance Boots, or by any of
their respective "associates", must be disclosed by no later than 12.00 noon
(London time) on the London business day following the date of the relevant
transaction.



A disclosure table, giving details of the companies in whose "relevant
securities" "dealings" should be disclosed, and the number of such securities in
issue, can be found on the Takeover Panel's website at
www.thetakeoverpanel.org.uk.



"Interests in securities" arise, in summary, when a person has long economic
exposure, whether conditional or absolute, to changes in the price of
securities. In particular, a person will be treated as having an "interest" by
virtue of the ownership or control of securities, or by virtue of any option in
respect of, or derivative referenced to, securities.



Terms in quotation marks are defined in the Code, which can also be found on the
Panel's website. If you are in any doubt as to whether or not you are required
to disclose a "dealing" under Rule 8, you should consult the Panel.


                      This information is provided by RNS
            The company news service from the London Stock Exchange
END

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