RNS Number:2759V
Alliance Boots plc
20 April 2007

Alliance Boots plc

20 April 2007

The Board of Alliance Boots plc ("Alliance Boots" or the "Company") notes the
announcement made earlier today by Terra Firma, the Wellcome Trust and HBOS (the
"Consortium") regarding a possible offer by the Consortium for the Company.

Alliance Boots confirms that it has received an indicative proposal from the
Consortium regarding a possible offer for Alliance Boots at a price of 1,115p
per Alliance Boots share in cash.  Having reviewed the indicative proposal the
Board of Alliance Boots has determined that it will continue to provide the
Consortium with high level due diligence including access to senior management.
The Consortium's indicative proposal remains subject to, inter alia, further due
diligence and a recommendation from the Board of Alliance Boots.

The Board of Alliance Boots has made no change to its intention to recommend the
offer by Kohlberg Kravis Roberts and Stefano Pessina which was announced this
morning.

Note 7 of Rule 2.4 of the City Code on Takeovers and Mergers requires the
Company to clarify that this statement is being made by the Company without
prior agreement with the potential offeror and that there can be no certainty
whether any offer will be made nor as to the terms on which any offer might be
made.

For further enquiries, contact:

Alliance Boots plc
Gerald Gradwell/Chris Laud (Investor Relations)        Tel: +44 (0) 20 7138 1118
Donal McCabe (Media)                                   Tel: +44 (0) 20 7138 1164

Goldman Sachs International                            Tel: +44 (0) 20 7774 1000
Simon Dingemans

Greenhill & Co. International LLP                      Tel: +44 (0) 20 7198 7400
James Lupton

Finsbury                                               Tel: +44 (0) 20 7251 3801
James Murgatroyd


Goldman Sachs International, which is authorised and regulated in the United
Kingdom by The Financial Services Authority, is acting for Alliance Boots in
relation to the matters described in this announcement and is not advising any
other person and accordingly will not be responsible to any person other than
Alliance Boots for providing the protections afforded to the customers of
Goldman Sachs International or for providing advice in relation to the matters
described in this announcement.

Greenhill & Co. International LLP, which is authorised and regulated in the
United Kingdom by The Financial Services Authority, is acting for Alliance Boots
in relation to the matters described in this announcement and is not advising
any other person and accordingly will not be responsible to any person other
than Alliance Boots for providing the protections afforded to the customers of
Greenhill & Co. International LLP 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 the Company, 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 the Company, 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 the Company by the offeror, 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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