Omnicare Extends Tender Offer For NeighborCare Until June 3, 2005

COVINGTON, Ky.--(BUSINESS WIRE)--April 29, 2005--Omnicare, Inc. (NYSE: OCR) today announced that it has extended its offer for all of the outstanding shares of NeighborCare, Inc. (NASDAQ: NCRX) common stock for $30.00 per share in cash. The offer, which was to have expired on Friday, April 29, 2005 at 5:00 p.m., New York City time, has been extended until 5:00 p.m., New York City time, on June 3, 2005, unless further extended. As of the close of business on April 29, 2005, a total of 19,439,766 shares of NeighborCare common stock had been tendered. This represents approximately 44.1% of NeighborCare’s outstanding shares (or approximately 43.0% of NeighborCare’s outstanding shares, calculated on a fully diluted basis).