Walgreens Boots Alliance Exercises Second Tranche of Warrants to Purchase AmerisourceBergen Shares

DEERFIELD, Ill.–(BUSINESS WIRE)–Walgreens Boots Alliance, Inc. (Nasdaq: WBA) today announced that it had
agreed with AmerisourceBergen Corporation (NYSE: ABC) to amend the
second tranche of warrants held by Walgreens Boots Alliance to purchase
AmerisourceBergen common stock, so as to permit the immediate exercise
of these warrants. The warrants were originally scheduled to be
exercisable in March 2017.

Walgreens Boots Alliance then exercised these warrants and purchased
22,696,912 shares of AmerisourceBergen common stock for an aggregate
payment of approximately $1.19 billion. The transaction was funded using
existing cash on hand.

“Today’s announcement builds on the strong and collaborative working
relationship our companies have built together, and further strengthens
the long-term strategic relationship we launched in 2013,” said
Executive Vice Chairman and CEO Stefano Pessina. “Since the beginning of
the strategic relationship, we have worked together with
AmerisourceBergen to improve the customer experience by delivering the
right products at the right time to ensure that we are able to provide
exceptional patient access and care in our U.S. pharmacy operations.”

With today’s exercise of these warrants, Walgreens Boots Alliance now
beneficially owns 56,854,867 shares of AmerisourceBergen common stock,
or 23.9 percent of AmerisourceBergen’s outstanding equity (based on
shares outstanding as of 31 July 2016, adjusted to give effect to the
exercise of these warrants).

Walgreens Boots Alliance intends to continue to account for its
investment in AmerisourceBergen using the equity method of accounting,
subject to a two-month lag, with the net earnings attributable to its
investment being classified within the operating income of the company’s
Pharmaceutical Wholesale segment.

Notes to Editors:

About Walgreens Boots Alliance

Walgreens Boots Alliance (Nasdaq: WBA) is the first global pharmacy-led,
health and wellbeing enterprise.

The company was created through the combination of Walgreens and
Alliance Boots in December 2014, bringing together two leading companies
with iconic brands, complementary geographic footprints, shared values
and a heritage of trusted health care services through pharmaceutical
wholesaling and community pharmacy care, dating back more than 100 years.

Walgreens Boots Alliance is the largest retail pharmacy, health and
daily living destination in the USA and Europe and, together with its
equity method investments*, employs more than 370,000* people and has a
presence in more than 25* countries. Walgreens Boots Alliance is a
global leader in pharmacy-led, health and wellbeing retail with over
13,100* stores in 11* countries. The company includes one of the largest
global pharmaceutical wholesale and distribution networks with over 350*
distribution centers delivering to more than 200,000** pharmacies,
doctors, health centers and hospitals each year in 19* countries. In
addition, Walgreens Boots Alliance is one of the world’s largest
purchasers of prescription drugs and many other health and wellbeing

The company’s portfolio of retail and business brands includes
Walgreens, Duane Reade, Boots and Alliance Healthcare, as well as
increasingly global health and beauty product brands, such as No7,
Botanics, Liz Earle and Soap & Glory.

* As at 31 August 2015 (without subsequent adjustment for business
acquisitions or dispositions), including equity method investments

** For 12 months ended 31 August 2015 (without subsequent adjustment
for business acquisitions or dispositions), including equity method


Cautionary Note Regarding Forward-Looking Statements: All
statements in this release that are not historical are forward-looking
statements made pursuant to the safe harbor provisions of the Private
Securities Litigation Reform Act of 1995. These forward-looking
statements are not guarantees of future performance and involve risks,
assumptions and uncertainties, including those described in Item 1A
(Risk Factors) of our Form 10-K for the fiscal year ending 31 August
2015 and our Form 10-Q for the fiscal quarter ended 31 May 2016, which
are incorporated herein by reference, and in other documents that we
file or furnish with the Securities and Exchange Commission. Should one
or more of these risks or uncertainties materialize, or should
underlying assumptions prove incorrect, actual results may vary
materially. These forward-looking statements speak only as of the date
they are made. Except to the extent required by law, we do not
undertake, and expressly disclaim, any duty or obligation to update
publicly any forward-looking statement after the date of this release,
whether as a result of new information, future events, changes in
assumptions or otherwise.


Walgreens Boots Alliance, Inc.
Media Relations
/ Michael Polzin
+1 847 315 2920
International / Laura
+44 (0)207 980 8585
Investor Relations
Gradwell and Ashish Kohli
+1 847 315 2922