Press Release

CVS Caremark Releases New Corporate Social Responsibility Report

Report highlights progress and ongoing commitment to CSR

Woonsocket, RI (May 5, 2008) –  CVS Caremark, the largest provider of prescriptions and pharmacy health care in the U.S., today released its 2008 Corporate Social Responsibility (CSR) Report, which is available online at http://www.cvscaremark.com/CSR. Titled Improving Outcomes, the company’s second annual CSR report includes new and updated information about CVS Caremark’s environmental, social and economic performance during 2008.

“Our publication of this report highlights our ongoing commitment to make a positive contribution in the lives of our customers, shareholders, employees, and those in our local communities,” said Tom Ryan, CVS Caremark Chairman and CEO.

The comprehensive report covers a wide range of topics, including the company’s approach to accessible and affordable health care, the environment, customer privacy, workplace engagement and corporate governance. The report also highlights notable accomplishments the company has made since last year's report, including assessing the company’s carbon footprint.

“During our second year of reporting we made significant progress, especially on environmental management tracking initiatives,” added Ryan. “Our focus is on improving outcomes. It’s an attitude we bring to every aspect of our business and our commitment to CSR is no different.  We look forward to updating our stakeholders in the future as we improve our own CSR outcomes."

About CVS Caremark

CVS Caremark is the largest provider of prescriptions in the nation. The Company fills or manages more than 1 billion prescriptions annually. Through its unmatched breadth of service offerings, CVS Caremark is transforming the delivery of health care services in the U.S. The Company is uniquely positioned to effectively manage costs and improve health care outcomes through its more than 6,900 CVS/pharmacy and Longs Drugs stores; its Caremark Pharmacy Services division (pharmacy benefit management, mail order and specialty pharmacy); its retail-based health clinic subsidiary, MinuteClinic; and its online pharmacy, CVS.com. General information about CVS Caremark is available through the Investor Relations section of the Company's Web site, at www.cvscaremark.com/investors, as well as through the press room section of the Company's Web site, at www.cvscaremark.com/newsroom.