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Cardinal Health Increases Share Repurchase to $4.5B, Declares Regular Quarterly Dividend
01/31/2007
DUBLIN, Ohio, Jan. 31, 2007 — Cardinal Health, the leading provider of products and services supporting the health-care industry, today announced its board of directors has increased the company’s share repurchase authorization from $3 billion to $4.5 billion and declared its 90th consecutive quarterly dividend.
 
 
As previously disclosed, Cardinal Health expects to use the proceeds from the sale of its Pharmaceutical Technologies and Services segment to repurchase Cardinal Health shares. During a meeting on Jan. 31, the board authorized an additional $1.5 billion, bringing the company's total repurchase authorization to $4.5 billion.  To date in fiscal 2007, the company has purchased nearly $1 billion in shares under this authorization.
 
The board of directors also approved a quarterly dividend of $0.09 per share payable on April 15, 2007 to shareholders of record on April 1, 2007.  For more than 22 years, Cardinal Health has paid a quarterly dividend to shareholders. The company had approximately 401 million shares outstanding as of Jan. 26, 2007. 
 
About Cardinal Health
Headquartered in Dublin, Ohio, Cardinal Health, Inc. (NYSE: CAH) is an $81 billion, global company serving the health-care industry with a broad portfolio of products and services. Through its diverse offerings, Cardinal Health delivers health-care solutions that help customers reduce their costs, improve safety and productivity, and deliver better care to patients. The company manufactures, packages and distributes pharmaceuticals and medical supplies, offers a range of clinical services and develops automation products that improve the management and delivery of supplies and medication for hospitals, physician offices and pharmacies. Ranked No. 19 on the Fortune 500, Cardinal Health employs more than 55,000 people on six continents. More information about the company may be found at www.cardinalhealth.com.
 
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Except for historical information, all other information in this news release consists of forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, as amended. These forward-looking statements are subject to risks and uncertainties that could cause actual results to differ materially from those projected, anticipated or implied. The most significant of these uncertainties are described in Cardinal Health's Form 10-K, Form 10-Q and Form 8-K reports (including all amendments to those reports) and exhibits to those reports, and include (but are not limited to) the following: competitive pressures in its various lines of business; the loss of one or more key customer or supplier relationships or changes to the terms of those relationships; changes in the distribution patterns or reimbursement rates for health-care products and/or services; the results, consequences, effects or timing of any inquiry or investigation by or settlement discussions with any regulatory authority or any legal and administrative proceedings, including shareholder litigation; uncertainties related to completing the divestiture of the PTS segment, including the fulfillment or waiver of conditions to closing under the acquisition agreement and any adjustments as to the amount of actual proceeds to be received; the costs, difficulties and uncertainties related to the integration of acquired businesses; with respect to future share repurchases, the approval of the board of directors, which is expected to consider Cardinal Health’s then-current stock price, earnings, cash flows, financial condition and prospects as well as alternatives available to Cardinal Health at the time any such action is considered; and general economic and market conditions. Except to the extent required by applicable law, Cardinal Health undertakes no obligation to update or revise any forward-looking statement.

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