Statement re Possible Offer

RNS Number:7253S
Kohlberg Kravis Roberts & Co LP
09 March 2007

KOHLBERG KRAVIS ROBERTS & CO. ("KKR") AND STEFANO PESSINA, EXECUTIVE DEPUTY
CHAIRMAN OF ALLIANCE BOOTS PLC ("ALLIANCE BOOTS")


STATEMENT REGARDING ALLIANCE BOOTS

KKR and Stefano Pessina note the announcement made today by Alliance Boots. KKR
and Stefano Pessina confirm that they have made a friendly approach to Alliance
Boots at 1,000 pence per Alliance Boots ordinary share in cash.  The proposal
requires, inter alia, limited due diligence being satisfactorily completed,
which we anticipate will take three weeks after full information is made
available, and a recommendation from Alliance Boots' Board to Alliance Boots
shareholders to accept the offer.  KKR and Stefano Pessina reserve the right to
waive any of these requirements.

KKR's and Stefano Pessina's objective is to work closely with the existing
executive management team to achieve the long-term vision of building a global
leader in the healthcare services and beauty industries.

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 requirements are satisfied or waived.


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unconditional as to acceptances, lapses or is otherwise withdrawn or on which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 KKR, Stefano Pessina 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.



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