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Top Executive CompensationName & Principal Position Year Salary Stock Options Market Value

of CompensationTotal

Calculated Compensation

Gregory D. WassonPresident

& Chief Executive Officer

2009 $750,000 193,874 Shares $337,388 $2,621,653

Wade D. MiquelonExecutive Vice President

& Chief Financial Officer

2009 $281,448 42,765 Shares $89,479 $499,715

Mark WagnerExecutive Vice President 2006 $590,000 211,981 shares $1,008,595 $2,007,865

Timothy TheriaultSenior Vice President

& Chief Information Officer

2009 ---- ---- ---- ----

Dana I. GreenSenior Vice President

& Corporate Secretary

2009 ---- ---- ---- ----

Board of Directors

– Stephen DavisCEO & Chairman, Bob Evans Farms, Inc.– William FooteExecutive Chair & CEO, USG Corp.– Mark FrissoraCEO, Hertz Global Holdings, inc.– Cordell ReedCorporate Secretary & Corporate Controller,National Home Centers, Inc.– Nancy SchlichtingPresident & CEO, Henry Ford Health System

– David Schwartz, CPASenior Advisor, River Road Capital Partners– Alejandro SilvaPresident & CEO, Evans Food Group, Ltd.– James SkinnerVice President & CEO, McDonald’s Corporation– Marilou von FerstelExecutive V.P. & GM, Ogilvy, Adams & Rinehart,

Inc.– Charles Walgreen IIIChairman Emeritus & Founder, Walgreen Co.

• Walgreens officers- Greg Wasson, CEO

• Non Employees / Officers

Ticker SymbolWAGStock is Traded

NYSE NASDAQ

Shareholders of Record94,722

as of Sep. 30, 2009

Market ActivityDate Open High Low Close Volume Adj Close

7/28/2009 30.06 (L) 30.59 (L) 30.03 30.25 (L) 4901500 30.11 (L)

8/5/2009 30.34 30.6 29.95 (L) 30.26 6217500 30.12

9/4/2009 33.54 33.88 33.33 33.84 3081800 (L) 33.84

9/29/2009 37.9 38.44 37.04 37.35 26122800 (H) 37.35

10/16/2009 39.84 40.56 39.48 40.37 (H) 10599600 40.37 (H)

10/19/2009 40.36 (H) 40.69 (H) 40.09 (H) 40.37 (H) 5017900 40.37 (H)

12 Month Trend

Key Items• October 30, 2008: announced initiatives to enhance

shareholder value. Reduce cost Improve productivityReduce corporate overheadRationalize inventory categories Realign pharmacy operations

• $300M to $400M pre-tax costs anticipated over fiscal 2009 and 2010

Key Items• February 1, 2009

Gregory D. Wasson became the President & Chief Executive Officer of Walgreens

• August 31, 2009The company repurchased 4,500,000 shares of

common stock in open market transactions• “2009 Repurchase Program”

Board of Directors approved a new stock repurchase program

Sales/Earnings

• Year to Date Sales: $436 Million

• Year to Date Earnings: $2.006 Million

• Net Earnings per share: 2009: $2.03 2008: $2.18

Important Matters• At the close of October, Walgreens operated

7,603 stores

• Increased current & non-current assets by nearly 2.7 million dollars

• Increased current & non current liabilities by only 415 thousand dollars

Important Matters• Fourth quarter sales increase 7.6 to a record

15.7 Billion Dollars

• Fiscal 2009 sales reach record $63.3billion

• Cash flow from operations for fiscal 2009 increased 35 percent to record $4.1 billion

Recommendation• By• Buy!•Bye!!!