Rite Aid Corporation Names John T. Standley As Chairman

Rite Aid Corporation announced that its Board of Directors has elected John T. Standley, who is currently President, Chief Executive Officer (CEO) and a member of the Company’s Board of Directors, to the additional position of Chairman of the Board, effective June 21, 2012 at the Company’s annual stockholder meeting. Standley will succeed Mary Sammons, who has served as Chairman since June, 2007, and whose term of service as Chairman, concludes as of the June annual meeting. Standley returned to Rite Aid in September 2008 as President and COO after leaving in August 2005 to become the Chief Executive Officer (CEO) and a Director of Pathmark Stores, Inc. He originally joined Rite Aid in December 1999 as Executive Vice President and Chief Financial Officer (CFO), part of a new executive management team that also included Sammons.