Rite Aid Foundation’s KidCents Program Announces $6 Million Commitment to Folds of Honor

Donation to Provide Educational Scholarships to Children of Fallen
and Disabled Service Members
in Communities Served by Rite Aid

Rite Aid Foundation Will Also Support Folds of Honor’s New DreamShip
Initiative Launching Later this Year

CAMP HILL, Pa.–(BUSINESS WIRE)–Over Memorial Day weekend, The Rite Aid Foundation KidCent’s program
announced a three-year, $6 million commitment to Folds of Honor, a
nonprofit organization based in Owasso, Okla., dedicated to providing
educational scholarships to children of fallen or disabled service
members. The donation is the second made to Folds of Honor by The Rite
Aid Foundation’s KidCents program; it previously awarded more than $1.3
million to the organization in 2015 to support educational scholarships
for children of fallen or disabled service members in the communities
served by Rite Aid.

Ken Martindale, CEO of Rite Aid stores and president of Rite Aid
Corporation, who also serves as president of The Rite Aid Foundation,
announced the donation alongside Major Dan Rooney, Folds of Honor
Founder, during the Patriot Cup Invitational, the organization’s annual
golf tournament and gala celebrating the nation’s heroes and raising
funds for Folds of Honor.

During the same event, Folds of Honor also announced a new initiative,
DreamShip, designed to raise awareness and inspire people across the
country to support the organization. The Rite Aid Foundation is
supporting DreamShip in its inaugural launch, scheduled for later this
year.

A fully operational hot air balloon, DreamShip will raise awareness
about Folds of Honor while it travels the country, serving as a constant
symbol of the commitment made by the organization, its partners and
donors, to honor the nation’s fallen and disabled service members and
their families.

Just as special as the organization itself, the fabric of the hot air
balloon will showcase artwork created by Folds of Honor scholarship
recipients symbolizing their hopes and dreams for the future. Standing
eight stories tall, with every launch, DreamShip will lift up the dreams
of children helped by Folds of Honor, both physically and metaphorically.

“The Rite Aid Foundation’s KidCents program is honored by the
opportunity to deepen our support of this incredible organization and
bring our Company’s core value of being a caring neighbor to life in
such a meaningful way,” said Martindale. “Working closely with Folds of
Honor over the past year, we’ve seen firsthand the fantastic difference
they’re making in the lives of children of fallen and disabled service
members. We’ve been touched by their stories of how Folds of Honor has
forever changed their lives and couldn’t help but be compelled to do
more for them and their families who have already sacrificed so much.”

Folds of Honor was founded in 2007 by Major Dan Rooney, an F-16 fighter
pilot in the Oklahoma Air National Guard who served three tours of duty
in Iraq. Since its inception, Folds of Honor has awarded more than
10,000 scholarships to the family members of fallen or disabled service
members.

“Since joining the Folds of Honor family last year, Rite Aid, its
associates and customers have taken on our mission as their own and have
partnered with us as we work tirelessly to honor the sacrifices made by
our service men and women, their families and children,” said Rooney.
“We could not ask for a more dedicated partner and are so thankful for
Rite Aid’s continued generosity and commitment to ensuring the legacy of
our service members live on by supporting the educational endeavors of
their children.”

KidCents was developed by The Rite Aid Foundation to provide Rite Aid
customers an opportunity to do even more to help the kids in the
communities Rite Aid serves. Through KidCents, members of Rite Aid Aid’s wellness+
with Plenti
 program can round up their in-store or online purchases
to the nearest dollar and give their change to one of more than 360
nonprofit organizations, including Folds of Honor, focused on improving
the health and wellbeing of children.

Nonprofit organizations interested in participating in The Rite Aid
Foundation’s KidCents program can visit www.kidcents.com/apply
to submit an application. To be eligible, an organization must be
classified as exempt from federal tax under section 501(c)(3) of the
Internal Revenue Service Code and meet the KidCents program guidelines.
For more information, visit www.kidcents.com.

The Rite Aid Foundation has awarded nearly $25 million since 2001 to
non-profit organizations. Additionally, Rite Aid, through the efforts of
its customers, supplier partners and associates, has also raised more
than $75 million for Children’s Miracle Network Hospitals across the
country since 1994.

Rite Aid Corporation (NYSE: RAD) is one of the nation’s leading
drugstore chains with nearly 4,600 stores in 31 states and the District
of Columbia and fiscal 2016 annual revenues of $30.7 billion.
Information about Rite Aid, including corporate background and press
releases, is available through the company’s website at www.riteaid.com.

Folds of Honor is a 501(c)(3) nonprofit organization that provides
educational scholarships for the children and spouses of those fallen or
disabled while on active duty. For more information, visit www.foldsofhonor.org.

Contacts

MEDIA:
Rite Aid
Ashley Flower, 717-975-5718
or
Folds
of Honor
Megan Godfrey, 708-214-4287