"
Community members can make donations to the relief effort in collection
canisters located at eight Philadelphia-area PREIT malls from February 14
through March 27., has a primary investment focus on
retail shopping malls and power centers (approximately 33.

charities dependants

General information about CVS is available through the Investor Relations
portion of the Company 's website at http://investor.

fundraising schemes

, The CVS/pharmacy
Charitable Trust, the private foundation managed by CVS Corporation
(NYSE: CVS), announced today that it has awarded a grant to one non-profit
organization in Vermont. We
are confident that each of the non-profits we chose to work with in the coming
year will create positive change and influence in the communities we serve
together," said Howard Dunn .

The CVS Charitable Trust, Inc.

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Adults learn to continue
performing daily tasks, activities and participate in Peer Assisted Learning
and Support Groups.

charities applying

cvs.com, or through the
website's press room at http://www.

CONTACT:
Mike DeAngelis
CVS Corporation
401-770-2645

Participating malls include Cumberland Mall, Cherry Hill
Mall, Echelon Mall, Exton Square, The Gallery at Market East, Moorestown Mall,
Plymouth Meeting Mall and Willow Grove Park.
PREIT is headquartered in Philadelphia, Pa.

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"The foundation focuses on those projects that
clearly demonstrate they are meeting a need within the community, and where
collaborative efforts and measurement tools are in place to track success.
The Vermont based organization that received a grant from the CVS/pharmacy
Charitable Trust is:

Vermont Association for the Blind + Visually Impaired
Description of grant: Organization will use the grant to help provide
training and support for 167 clients in the Bennington and Rutland areas. "We're
particularly concerned with its impact on children in South Asia, and we're
committed to helping these children and families rebuild their lives and their
communities.

grant entertain

schemes applying

The Trust's mission is to provide funding for health care, education and
community involvement initiatives in communities where CVS stores are located.
"Many community members are looking for a way to contribute to the cause,"
said Joseph Coradino, President of PREIT Services, LLC, and PREIT-Rubin, Inc.

daiwa wishing

CVS/pharmacy Charitable Trust Awards $1 000 Dollars to Non-Profit Organization in Vermont

In many cases, CVS/pharmacy associates become involved with grantees by
providing volunteer assistance, participating in other fund-raisers and
assisting in outreach and education services. Pouliot (802) 864-1358

The CVS/pharmacy Charitable Trust will be accepting applications for 2005
grants from May 1 to June 15, 2005."
For more information on "Help All You Can: Tsunami Relief Fund," contact
Cheryl Dougherty at 215 -875-0122.preit.

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7 million dollars in grant funds provided by
CVS/pharmacy's charitable foundation to 76 organizations across the country --

WOONSOCKET, R.com/corpInfo/community/charitable_mission .

alleviate priorities

The
organization's goal is to help clients maintain their independence and
dignity. Community Members Can Make Donations at Eight Area PREIT Malls, Including
Cumberland Mall, Cherry Hill Mall , Echelon Mall, Exton Square, The Gallery at
Market East, Moorestown Mall, Plymouth Meeting Mall and Willow Grove Park

PHILADELPHIA, Pennsylvania Real Estate Investment
Trust (PREIT ) and its Philadelphia-area malls join worldwide humanitarian aid
efforts with the launching of "Help All You Can: Tsunami Relief Fund. In
addition to providing an outlet for the public to contribute , PREIT employees
are being called upon to help support the relief effort. The campaign falls under the umbrella of "PREIT Cares," the
company's springboard for charitable giving and community awareness campaigns. PREIT is a company that cares, and we're
committed to contributing to important and timely causes.

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html.
"PREIT and its community-minded employees are deeply concerned about the
devastating short- and long-term effects of this natural disaster," said
Cheryl Dougherty, SCMD, Vice President of Marketing for PREIT."
Tsunami Relief Fund collection canisters will be displayed at each mall 's
Customer Service Center and at participating stores during all mall hours.S.

hardship contribute

Teachers of the Visually Impaired work with children teaching daily
living skills, Braille or other communicative skills as well as use of
adaptive equipment, orientation and mobility.
Link to website: http://www.
Collected funds will be allocated to a variety of tsunami relief agencies,
selected by a committee of employees representing a cross section of PREIT
employees.

contribute sailors

PREIT's portfolio currently
consists of 54 properties in 12 states.

schemes charities

"As central gathering places for our communities, our malls are ideal venues
for collecting donations and raising awareness of the long-term financial
support needed to rebuild the area.

contribute schemes

For additional information, go to
http://www.com /pressroom.

schemes priorities

-- Local donations are part of 1.I.

Pennsylvania Real Estate Investment Trust (PREIT) and Its Philadelphia-Area Malls Launch `Help All You Can: Tsunami Relief Fund'

fundraising schemes

"We are pleased to support these very worthy charities that are working
hard in our communities to improve people's lives," said Eileen Howard Dunn,
Vice President of the CVS/pharmacy Charitable Trust. "A CVS/pharmacy
Charitable Trust grant is an effective way for us to give back to the
communities where we do business," stated Howard Dunn.

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vabvi.cvs. PREIT will match up
to $25,000 in employee fundraising .
Pennsylvania Real Estate Investment Trust (PREIT), founded in 1960 and one
of the first equity REITs in the U.

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Grants were awarded to organizations dedicated to healthcare, education
and community engagement.

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cvs.

yapp grants

org
Contact name at organization: Steven P.

yapp charity

0 million square
feet ) located in the eastern United States.

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is a private foundation managed by CVS
Corporation, which operates more than 5,000 CVS/pharmacy stores in 36 states.com.

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This relief effort provides an opportunity for our communities,
malls and employees to make a difference in the face of this tragedy. PREIT 's portfolio includes
37 shopping malls, 13 strip and power centers and four industrial properties . PREIT's website can be found at
http://www.

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