Omnicare Adopts Rule 10b5-1 Plan in Conjunction with Share Repurchase Program

Omnicare, Inc. OCR, announced today that it has adopted a Rule 10b5-1 plan for the purpose of repurchasing up to $50 million of its common stock in accordance with guidelines specified under Rule 10b5-1 of the Securities Exchange Act of 1934 and the Company's policies regarding stock transactions. This plan has been established pursuant to, and as a part of, the Company's $200 million share repurchase program previously announced on May 3, 2010. A plan under Rule 10b5-1 allows a company to repurchase its shares at times when it otherwise might be prevented from doing so under insider trading laws or because of self-imposed trading blackout periods.