Financial Statements of - Shoppers Drug Mart

SHOPPERS DRUG MART CORPORATION
Exhibit to the Consolidated Financial Statements (unaudited)
Earnings Coverage Exhibit to the Consolidated Financial Statements
52 weeks ended March 26, 2011
Earnings coverage on long-term debt obligations
18.07 times
The earnings coverage ratio on long-term debt (including any current portion) is equal to earnings before
finance expense and income tax expenses divided by finance expense on long-term debt (including any
current portion). Finance expense excludes any amounts in respect of amortization and includes amounts
capitalized to property and equipment that adjusted finance expense as shown in the consolidated
statement of earnings of the Company for the current period.
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