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Cardinal Health Board Declares Quarterly Dividend

DUBLIN, Ohio, Nov. 1 /PRNewswire/ -- The board of directors of Cardinal Health, Inc. (NYSE: CAH) today declared the company's 65th consecutive regular quarterly dividend. The dividend of $0.03 per common share is payable January 15, 2001 to shareholders of record on January 1, 2001.

Separately, during the company's annual meeting held here this morning, the company's shareholders re-elected four board members, voted to increase from 500 million to 750 million the number of authorized common shares, re-approved the material terms of the performance goals of the company's performance-based compensation plan and defeated a shareholder proposal regarding the use of PVC in medical devices, which received less than 3 percent of the votes cast.

Elected to three-year terms as directors of Cardinal Health were Dave Bing, John F. Finn, John F. Havens and Robert D. Walter. Bing, 56, is chairman and chief executive officer of The Bing Group LLC, an automotive and industrial parts supplier. Finn, 52, is chairman and chief executive officer of Gardner, Inc., an outdoor power equipment distributor. Havens, 73, is director emeritus and retired chairman of Bank One Corporation. Walter, 55, is chairman and chief executive officer of Cardinal Health.

At the meeting, Chairman and Chief Executive Officer Robert D. Walter reviewed the company's fiscal 2000 operating performance and outlook for the future.

"Our consistently outstanding results demonstrate that we have the right strategy and the right business portfolio and that we're producing value at the customer level every day," he said. "Strategically and financially, Cardinal continues to execute extremely well. Our portfolio of businesses work exceptionally well together and increasingly are bringing integrated solutions to customers. Our management teams are focused on delivering consistently superb results and have the resources and discipline to achieve them. We also are aggressively investing in new initiatives across all of our businesses segments to capitalize on growing opportunities and trends in health care. And we are continuing to produce solid earnings growth for the long term."

Webcast November 6 and 7

Cardinal has scheduled an investor conference that will be held November 6 and November 7 in Florida. The meeting will be broadcast live via an Internet "webcast" that can be accessed by visiting http://www.cardinal.com and following directions to the company's Investor Center. On November 6, presentations will begin at 1 p.m. Eastern Time and will conclude at approximately 2:30 p.m. Presentations will recommence the next morning at 7:45 a.m. and conclude by approximately 12:30 p.m.

Cardinal Health, Inc., ( http://www.cardinal.com ) is a leading provider of products and services supporting the health-care industry. Cardinal companies develop, manufacture, package and market products for patient care; develop drug-delivery technologies; distribute pharmaceuticals, medical- surgical and laboratory supplies; and offer consulting and other services that improve quality and efficiency in health care. The company employs more than 40,000 people on five continents and produces annual revenues of more than $25 billion.

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. 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's Form 10-K, Form 8-K and Form 10-Q reports and exhibits to those reports, and include (but are not limited to) the costs and difficulties related to the integration of acquired businesses, the loss of one or more key customer or supplier relationships, changes in the distribution outsourcing pattern for health-care products and/or services, and the costs and other effects of governmental regulation and legal and administrative proceedings. Cardinal undertakes no obligation to update or revise any forward-looking statements.

SOURCE Cardinal Health, Inc.

CONTACT: Investors, Stephen T. Fischbach, 614-757-7067, or Media, Geoffrey D. Fenton, 614-757-7871, both of Cardinal Health, Inc./