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Alliance 108 Wilmont Road Ecosystem Deerfield, Illinois 60015 Phone: (847) 315-3700; walgreensbootsalliance.com

Outside Relationships Walgreens BootsWalgreens (Delaware Alliance Corporation) Outside Relationships Regulators Capital Suppliers Customers Securities Regulation and Customers Suppliers Capital Regulators Debt Structure Equity Structure Stock Market Quotation Rules Public Debt Bond Financing Debt ( $15.74 Billion, includes $3.54 B of Short-Term Debt) | Operating Lease Obligations ($24.4 Billion) | Credit Ratings (Long-Term): Moody’s (Baa2), S&P (BBB), Fitch (BBB-) Equity Securities Holders Working Capital $1.0 Billion Term $8.575 Billion Other Unsecured Notes Other Fixed Operating Lease Significant Regulators $2.5 Billion Stock Repurchase Program Common Stock Dividends and Common Financing Loan: Fully Drawn Available Under Short 2.125% 2.875% 3.45% 3.20% 3.30% 3.10% 4.50% 3.80% 3.60% 4.40% 4.80% 4.65% 4.10% and Variable Obligations: $24.4 Billion Shareholders of Authorized: $10 Billion Authorized: Stock Repurchases U.S. U.S. Business U.S. Health Commercial Five Revolving Term Notes Due Senior Notes Due Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes Rate Long- (Includes $2.43 Billion in Foreign Currency and Expiration Date: None, But The Vanguard Regulators Regulators Banks $2 Billion Revolver: Credit Facilities: Debt Commercial 2026 Unsecured 2026 Due 2030 Due 2031 Due 2032 Due 2034 Due 2034 Due 2035 Due 2042 Due 2044 Due 2046 Due 2050 Term Debt Current and $21.97 Billion in Outstanding; 879,000: Securities and Interest Rate Swaps Paper (as Lenders and $100 Million Drawn No Borrowings $418M $891M Notes $533M $1,891M $497M $1,248M $1,198M $498M $1,993M $398M $493M $1,493M $591M $990M $24M Non-Current Lease Obligations) Currently Suspended Record Holders: 50,600 Equity Capital Group Exchange U.S. Customs & The Drug Derivatives/Hedge (6.40%) Commission Border Enforcement Counterparties) Professional Protection Agency (DEA) Services SSgA Funds The Nasdaq Governance Human Resources Public Affairs and Finance and Accounting Firms (CPB) (Regulation (Wholesaler Health, Beauty, Corporate Matters Management Stock Market Board of Directors Communications of Imports of Registrations, Medical Device, Talent Acquisition Treasury Legal Innovation/Digital/IT Deloitte & (5.36%) LLC Finished Goods, Security and & Drug 10-Year Pharmaceutical José E. Almeida (C, N) Ginger L. Graham (A, N) Nancy M. Schlichting (A, C) Public Affairs Touche Operating Corporate Governance Trial Drone Delivery Service Raw Materials and Suppliers Distribution Agreement Talent Development Internal Audit (Audit Services) BlackRock Supplies; Customs Standards for Sale, (Including Walgreen’s Right to Valerie Jarrett (A, C) James A. Skinner (Chair) Internal Communications (Christiansburg, Virginia) Professional Packaging, (for ) Janice M. Babiak (A, C) Fund Advisors Duties Purchase Minority Equity Position Compensation Regulatory Horizon Transformation Services (4.04%) Storage and John A. Lederer (C, F) Board Committees: Audit (A), Administration) in AmerisourceBergen; Expires External Communications Accounting (Three-Phase Project to (1) (Legal Services Distribution of 2026) David J. Brailer, MD (A, F) Compensation & Leadership Change Customer Experience, (2) in Theranos U.S. Dept of Controlled Dominic Murphy (F, N) Benefits Media Relations Group Mergers & Acquisition The Caisse de Performance (C), Finance (F), Financial Reporting Modernize WBA’s Technology and Lawsuit) Commerce Substances) Amerisource depot et Bergen William C. Foote (C, N) (Vice Chair) Nominating & Governance (N) Employee Engagement Promotions Insfrastructure, and (3) Further WPP Publicis Bureau of Corporate Governance Establish WBA as a Healthcare placement du The Food & (Prescription Tax Groupe Industry and Drugs and Medical Executive Officers Company) Pharmaceutical Quebec Drug Culture Branding (Global Devices) Indirect Procurement/MRO (1.86%) Security / Supplies of Generic, James A. Skinner (Executive Alexander W. Gourlay (Co- Seamless Customer and Medical Advertising Administration Branded and Specialty Supply Chain Risk Management Supplies Export Chairman) Chief Operating Officer) Marco Pagni (EVP & Global CAO Experience Device Services) (FDA) (Drug and Pharmaceutical Products and General Counsel) Diversity and Inclusion Administration Direct Procurement Manufacturers Capital Medical Device Stefano Pessina (Executive Vice Digital Transformation Brownstein (Regulation of US Drug and (Co-Chief FP&A Litigation Management Research & Regulation Chairman and CEO) (Rosalind HR Information Systems and Distributors Hyatt Export of Finished Health Regulation Operating Officer) Logistics Digital Product Management Covering Design, Brewer commencing 3.15.21) (for Wholesale) (Lobbying Goods, Raw Heather Dixon (SVP and Global Development (1.79%) Testing, Quality, Succession Planning Insurance Intellectual Property Services) Materials and Selected Controller and Chief Accounting Contract Manufacturing Safety, Labeling, James Kehoe (EVP and Global Kathleen Wilson-Thompson IT Applications and Supplies, and Beauty, Health Officer) Allergan Wilmer Hale Institutional Good & Other CFO) (EVP & Global Chief HR Officer) Labor Relations Supplier Relations Investor Relations Real Estate Infrastructure Information Manufacturing Products (Lobbying Ownership: Handling; Export Practices/cGMPs, Manufacturers Services) 58.23% Licenses) Promotion, The Procter Amerisource Distribution, & Gamble Operations Sales of Branded, Bergen Environmental Importation and Company Generic and Specialty Key Company Data Post-Market (Beauty, Protection Personal Care, Pharmaceutical Products, Surveillance) Retail USA (FY2020 Sales: $107.7 Billion) Retail Pharmacy International (FY2020 Revenues: $10.0 Billion) Pharmaceutical Wholesale (FY2020 Revenues: $24.0 Billion) (as of 8/31/2020) Agency (EPA) Family, Medical Devices, and (Regulation of Feminine, Other Health and Well- Founded in 1901, Walgreens Boots Alliance is a global U.S. Dept. of Home, and Operations in 50 States, Omni-Channel 78% of U.S. Population Lives Within Operations in 8 Countries Segment Earns Equal or Better Discharges, Leaks, 86% of the UK Population Lives Within 28% Investment in Being Products leader in retail and wholesale pharmacy, touching millions Emissions, Health and Grooming District of Columbia, Puerto Platform, Including Five Miles of Walgreens and Duane (, , Republicc of Ireland, Pharmaceutical Wholesaling Margins on Generic Drugs than on Products) 10 Minutes of a Boots Store AmerisourceBergen of lives every day through dispensing and distributing Disposals, Storage Human Sales of Beauty, Health Rico, and U.S. Virgin Islands Online Presence Reade Retail Pharmacy , Benavides in , and Ahumada in Chile) and Distribution Business Branded Drugs Gilead of Particulate Services (HHS) and Home Products and Sciences , and through its convenient retail locations, Unilever Facilities Facilities Competitive Factors Matter, Hazardous Centers for Individual Limited Grocery Items digital platforms and health and beauty products. Waste, Toxic (Beauty, Medicare & Personal Care, Shoppers 17 Retail Distribution 1 Prescription Mail Service 5 Retail Distribution 550 Optical Practices In UK (Includes 165 Delivery Substances in 9,021 Stores 4,428 Stores Frequency of GlaxoSmith Financial Highlights Share Information Medicaid Family, Centers Facility Franchise Operations; 165 In-Store Operations) Product Competitive Accuracy, Water, Air and Soil; Feminine, Centers Delivery to Kline Availability Prices Timeliness and Superfund Clean- Services (Privacy Home, and y Pharmacists Results of Operations NASDAQ Ticker Programs Programs Up Requirement for of Patient- Grooming Reliability Symbol: WBA Contamination Identifiable Health Products) myWalgreens Walgreens Cash Boots Advantage Card Loyalty Program Walgreens Cash Johnson & Sales: and Personal (Formerly Balance Rewards; 5% Discount on Walgreens- (Cash Benefit Rewards Applied as Customer (Points for Redemption at a Later Date, 11 Million (Cash Benefit Rewards Applied as Customer Facilities Alcura-Branded Direct- Johnson $139.537 Billion Hallmark Share Price: Information under Third Party Branded Products; 86 Million Members) Chooses; 1% Cash Back, Even Pharmacy Items) Members) Chooses; 1% Cash Back, Even Pharmacy Items) Alcura to-Pharmacy Delivery U.S. Securities Health Insurance Cards Cost of Sales: $49.19 (1/26/2021) (Greeting Payers; (Specialized Healthcare Services to Services and Specialized and Exchange Portability and Walgreens Find Care Platform Mobile Application; E-Commerce Platform (Refill Online Platform Healthcare Services (e.g., $111.52Billion Cards) Pharmacy (Omni-Channel Platform, Including Boots.com Website, Healthcare Professionals in 7 Merck Commission Accountability Act (Connects Patients and Customers with Access Prescriptions, Notifications When Refill Due, In-Store Dispensing Services, Forward Annual Dividend: of 1996) Reimbursement to Affordable Care from Telehealth Providers) Pickup, Home, Drive-Thru, or Home Deliver Option) Integrated Mobile Application, Order and Collect Service) European Countries) (SEC) (Securities Pfizer (Over- Preparation, and Gross Profit: $1.87 per share Based Clinical Homecare Disclosure and the-Counter Pharmacy Business (75% of Segment Sales) Pharmacy Business (61% of Segment Sales) 306 Pharmaceutical Distribution Centers in 11 Clinical Trial Support) $28.017 Billion Centers for Medicines) Business (97% Pfizer (20.1% Gross Margin) Financial Reporting Prescription Drug Sales and Provision of Pharmacy-Related Services Prescription Drug Sales and Provision of Pharmacy-Related Services Countries Medicine Support FY2020 EPS: Requirements; Anti- Medicare & of Sales) Reimbursement/Payment L’Oreal (Includes 117 Owned Centers and Serves 180,000 Customers at -$0.80 (Trailing 12 Months) Bribery Medicaid Managed Care for Prescriptions Drugs SG&A: (Cosmetics) 16,000 Delivery Points) Dispensing Services Requirements) Services Organizations Delivered to Patients Branded and Generic Specialty Drug Business Infusion Therapy $27.045 Billion Covered by insurance Immunizations United Kingdom Medicine Preparation Teva Market Capitalization: (Medicare Supplier Coca-Cola Prescription Drug Business (For Patients Requiring Customized Treatments (Intravenous for Chronic Pain, Mail Service Pharmaceuticals Standards, Anti- Cancer, Heart Failure, and Infections) and Vaccinations (via Joint Venture Operating Income: $44.377 Billion Federal Trade (Soft Drinks) Governmental (30- and 90-Day) for Complex, Chronic Health Conditions) Kickbacks, Anti- Agencies Between McKesson Poland Clinical Trial Support $1.312 Billion Commission (30%) and Walgreens Fraud, Claims, Hasbro (Toys) (FTC) and Billing Boots Alliance 70%)) Watson Net Earnings: Pharmacy Alloga (Consumer Requirements) Mattel (Toys) Retail Business (25% of Segment Sales) Retail Business (39% of Segment Sales) Pharmaceuticals $456 Million Resources (Innovative Services for the Protection and Anti- Benefit Sales of Healthcare Products (Non-Prescription Drugs, Health, Wellness) and Retail Products (Beauty, Sales of Health and Beauty Products (Beauty, Personal Care, Non-Prescription Drugs, Toiletries, Lifestyle) Healthcare Market; Member of Trust Regulation) Johnson & Management Medical Plan Personal Care, Consumables, General Merchandise and Optical Services (in UK Only) Financial Condition Johnson Reimbursement Alliance UniChem) Alloga-Branded Pre- Total Employees: U.S. State and Companies Wholesale and Contract (Over-the- Arrangements Alloga 450,000 persons Department of Local Counter Pre-Wholesaling Services Logistics Services (on a Total Assets: Alphega Pharmacy Network Customers (UK (includes 110,000 Part-Time Justice (DOJ) Regulators Medicines) Private or Beauty Personal Care Household Goods (Laundry Detergent, Cleaning Supplies, (Added-Value Services to Help Pharmacists Develop Fee-for-Service Basis) $87.174 Billion Current Logistics Only) Employees) (Enforcement Employer (Lipstick, Cosmetics, Nail Polish, (Deodorant, Hand Sanitize, Shampoo, Body Wash, Conditioner, Candles, Toilet Paper, Cleaning Wipes, Insect Repellant, Disinfectant Their Own Businesses, including the Alphega Multiple Legal Lip Gloss) Toothpaste, Mouthwash, Lotion, Incontinence Underwear) Spray, Batteries, Light Bulbs, Paper Towels, Cards and Stationery) Services Total Liabilities: Powers for Jurisdictions General Mills Insurance Direct and Wholesale Pharmacy Pan-European Network of 7,200 Drug Compliance with (Cereal) Supplies of Non- Independent ) $66.039 Billion (Liquor and Total Stores: 21,000 in cGMPs and Drug Pharmaceutical Manufacturers Cigarette 11 Countries Laws) Pepsi Merchandise Vitamins and Supplements Medicines and Treatments (Aspirin,, Topical Arthritis Pain Relief, Fitness and Nutrition (Weight Loss Supplements, Sports Protein Branding Skills in Healthcare Long Term Debt: Distribution (Multivitamins, Zinc Tablets, Paternity/Fertility Test Kits, Rubbing Alcohol, Vicks Nasal Spray, Face Bars and Drinks, Yoga Mats, Exercise Equipment, Heat Wraps, Pain Medical (Soft Drinks) (Innovative Services for the $12.203 Billion U.S. and Licenses) Mineral Supplements) Masks, Ear Wash Systems, Bandages, First Aid) Relieving Creams and Sprays, Ankle and Knee Braces Professional Training and Healthcare Market) Device Distributions Centers: Foreign Patent Avon State Health Products Patient Care Manufacturers Long Term Operating 425 and Trademark Departments Health Solutions to Realize a Offices (Cosmetics) Groceries (Candy, Gum, Ice Home Solutions (Supports and Braces, Home Baby, Kids, Toy (Toys, Baby Optical Services (UK Only) Lease Obligations: (No Payments to Retail Support Services Brand’s Potential in Veterinary (Patent, Copyright, Maintenance Cream, Beverages, Frozen Tests, Wheelchairs, Blood Pressure Monitoring Devices, Canes and Food, Bath & Hair Products, (Eye Tests, Prescription Glasses, $21.973 Billion Distribution Customers: Physicians for Trademark, Service Revlon Organizations Foods, Cookies, Cereal, Snacks) Crutches, Scooters, Thermometers, Hearing Aids, Lift Chairs) Diapers, Baby Lotion & Powder) Designer Frames, Contact Lenses) Pharmacy Manufacturers 250,000 Patient Referral Market Access Supply Benefits Mark, and Domain (Cosmetics) Cash Flow and No Self- Arrangements via Consumer Name Commercial Referrals) Colgate Participation in Pharmacy Pharmacy Support Competition 28% Stake in Registrations) Third-Party Walgreens-Branded General Competition Walgreens-Branded Competition Products From Operations: Palmolive Payers (Access Provider Networks Alfresa Holdings McKesson AmerisourceBergen State (Toothpaste) Merchandise) Cigna/Express Scripts General Merchandise) IT Support Manufacturers $5.484 Billion Insurance to Pharmacy AmerisourceBergen Morris & Dickson Wholesale Sales of Departments Provider Wholesale Pharmacy (Acquired by WBA) No7 Asda Pharmacy (UK) Pharmacy(UK) Countries Covered Prescription Drugs Est e Lauder Networks) State Health and Anda Prodigy Health Recent Developments CVS Health Safeway Boots Pharmaceuticals! (Including Walgreens’ State Medicaid (Cosmetics) Controlled Substances Gordons Chemist (UK) Well Pharmacy(UK) UK Netherlands Cardinal Health Shanghai Pharma Almus Brand of Generic Departments Regulation Finest Nutrition No7 Giant Eagle Pharmacy Supervalu Liz Earle Covid-19 Vaccine Rollout: WBA Merger: France Portugal CR Pharmaceutical SINOPHARM Drugs), Alliance State Boards of Lloyds Pharmacy (UK) There Are No Retail Healthcare Brand Walgreens Boots Alliance In 2014, Walgreens merged Soap & Glory NICE! H.E.B. Drug Stores Target (CVS-Operated) Sleek MakeUp CuraScript Special Smith Drug Co. Pharmacy Contract Contract Manufacturing of Pharmacy Chains in Medicines ,and Other has contracted with the with Switzerland-based Morrisons Pharmacy (UK) Germany and France; All are Germany Spain (Regulation of Manufacturing Walgreens Boot Alliance- YourGoodSkin Liz Earle Hy-Vee UnitedHealth/OptumRx Botanics H.D. Smith SUZUKEN Healthcare Products and Wholesale federal government to Independently Owned by Alliance Boots to form Marketing, Branded Medicines and McKesson The Phoenix Group Services Customers BCM Limited Kaiser Permanente (HMO) Pharmacy Pharmacy (UK) Pharmacists vaccinate the elderly in Walgreens Boots Alliance. Purchase, Cosmetics Well at Walgreens Only at Boots (115,000 (Contract nursing homes and long- Storage, and Manufacturing of Customers) term care facilities. Theranos Lawsuit: Distribution of Own-Brand Walgreens Walgreens shareholders Pharmaceuticals) Medicines, Walgreens- Partnership to Open 500 Partnership Enabling (a) WebMD Boots Rite Aid Acquisition: have sued the company for Delivery of Prescription Delivery of Eye Tests and Controlled Branded to 700 Full-Service Doctor Consumers to Refill Prescriptions On Mobile Sales of Glasses, Membership in Alphega Alliance As of August 31, 2020, its allegedly reckless $140 Substance Cosmetics) Drugs and Offices and Clinics Co- Devices and (b) Walgreens Customers to Prescription Immunizations and Flu Frames and Pharmacy Network of (Retail Walgreens Boots Alliance million partnership with the Authorities Located at Walgreens Access WebMD Health Information on Drugs Independent Pharmacies Vaccinations Contact Lenses Pharmacy had completed the Theranos blood-testing (Drug Tracing, BCM Specials Stores by 2025 Walgreens’ Site on Mobile Devices International) Tracking, and (Contract Walgreens- acquisition of 1,932 Rite startup to bring the startup’s Manufacturing of Prescription Walgreens Supply Chain U.S. Patients Under U.S. Patients U.S. Patients Insured U.S. Uninsured Branded “Take European Nursing Aid Stores, three fraudulent blood testing Integrity Bespoke Non- Drug Healthcare Pharmacists Individual Licensed State Medicaid Under Under Employer and Patients with Care Health VillageMD Other Health Patients with Homes and distribution centers, and technology to wellness Requirements) Customers Strategic and Nurse Consumers Surgical Physicians’ Health Medicines for UK Public Assistance Medicare Private Insurance Plans Chronic Pain or Care“ Services Medical WebMD Related Chronic Pain Pharmacies Assisted Hospitals related inventory from centers at the retailer’s Hospital and (818 Million Partners (85,000 Pharmacy Practitioners Based in Centers Offices Centers Retail Pharmacies Programs Part D Plans with Chronic Pain or Medical Clinics Professionals or Medical Living Rite Aid for $4.375 billion. stores. Prescriptions Healthcare Service Technicians the UK (4% of Sales)) (20% of Sales) Filled in 2019) Medical Conditions Conditions Providers) Conditions Facilities

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