Walgreens Boots Alliance, Inc. (Nasdaq: WBA) (the "company") today announced that affiliates of Kohlberg Kravis Roberts & Co. L.P. ("KKR," and together, the "selling stockholders") intend to offer for sale in an underwritten secondary offering (the "offering") 20,461,215 shares of the company's common stock pursuant to the shelf registration statement (File No. 333-209569) filed by the company with the Securities and Exchange Commission (the "SEC") on 17 February 2016. In addition, separate and apart from the proposed offering, the selling stockholders and Stefano Pessina, the company's Executive Vice Chairman and Chief Executive Officer, informed the company that they have entered into an agreement on 31 October 2016, pursuant to which the selling stockholders have agreed to sell 2,000,000 shares of the company's common stock to an affiliate of Mr. Pessina at the same price as the shares to be sold to the underwriter in the proposed offering, and subject to the completion of the proposed offering. The company previously issued to the selling stockholders an aggregate of 52,461,215 shares of common stock in connection with the company's strategic combination with Alliance Boots GmbH ("Alliance Boots") completed in December 2014. The selling stockholders sold 15,000,000 shares in an underwritten secondary offering on 11 May 2016 and an additional 15,000,000 shares in an underwritten secondary offering on 1 August 2016. Prior to the proposed offering, the selling stockholders owned 22,461,215 shares in the aggregate, representing approximately 2.1 percent of the company's outstanding shares of common stock, based on the number of shares outstanding as of 30 September 2016. Upon completion of the proposed offering and the separate proposed sale of shares by the selling stockholders to an affiliate of Mr. Pessina, the selling stockholders will no longer own any remaining shares of the company's common stock previously issued to the selling stockholders in connection with the company's strategic combination with Alliance Boots. The company is not selling any shares and will not receive any proceeds from the proposed offering.