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Schering-Plough

To earn trust, every day

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About Schering-Plough

• Global health care company with three integrated businesses:• Pharmaceutical• Animal Health• Consumer Health Care

• Business, research, manufacturing and sales operations in more than 140 countries

• Approximately 55,000 colleagues worldwide

• 2007 *Adjusted Net Sales: $15.2 Billion**

* Includes assumed 50% contribution from joint venture sales of VYTORIN and ZETIA. Please refer to reconciliation tables under “Financial Highlights” on the Investor Relations section of the Schering-Plough Web site: http://phx.corporate-ir.net/phoenix.zhtml?c=89839&p=irol-fundamentals2

** Includes $626 million of Organon BioSciences net sales for the period as of the closing date of the acquisition on Nov. 19, 2007, through Dec. 31, 2007.

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Key Human Prescription Pharmaceuticals

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Consumer Health Care

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Research & Development

• 2007 R&D Investment of $2.9 billion*

• Research facilities in the United States, Switzerland, Italy,the Netherlands, Scotland, Germany, Japan and France

• Areas of therapeutic focus:• Cardiovascular Disease• Central Nervous System• Immunology and Infectious Disease• Oncology• Respiratory• Women’s Health

* Includes $111 million in R&D investment for OBS for the period as of the closing date of the acquisition on Nov. 19, 2007, through Dec. 31, 2007.

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Our Foundations

Attitude drives behavior, which drives a business culture aiming to deliver long-term high performance

How we work determines what we deliver long term.

Our Approach: Listen, Learn, Lead

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• Shared Accountability and Transparency

• Cross-Functional Teamwork and Collaboration

• Listening and Learning

• Benchmark and Continuously Improve

• Coaching and Developing Others

• Business Integrity

Our Leader Behaviors

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Environment Recognized SP in 2007

• Galen Prise (Noxafil)

• SCRIP Prise (for company of the year, executive team of the year and CEO of the year)

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AttractAttract EngageEngage

DevelopDevelop RewardReward

Winning Attitudes and the Right Skills, Winning Attitudes and the Right Skills, Experiences, Values & BehaviorsExperiences, Values & Behaviors

Cornerstones of the People Strategy

People

People

Products

Products

ProcessesProcesses

Customers

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Our Goals in People Strategy

We strive to become the best company in our industry in three areas: people, products and processes.

Our people will make the decisive difference in executing the Action Agenda and becoming a long-term, sustainable high-performance company.

Our people and their attitudes and behaviors differentiate us from our competitors — One Company, One Culture, One Team.

Peo

ple P

roducts

Processes

Customers

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Key Outcomes

• Place the right people in the right jobs. In this way, we can position the Company to be a high-performance competitor for the long term

• All colleagues working towards creating a stimulating working environment with competitive compensation and opportunities for professional development

• A culture that incorporates the values, leader behaviors and operating principles

People

People

Products

Products

ProcessesProcesses

Customers

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Development Programs

• Performance Management Program• Talent Management & Planning• Professional Pathways• Global Competency Framework• Management Excellence Program• Situational Coaching• S-P Learning Center• Management Challenge

People

People

Products

Products

ProcessesProcesses

Customers

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Key Messages

• Every colleague is accountable for the People Strategy and “owns” his or her own development

• Every colleague should strive to be the best he or she can be, whatever the role or position

• Professional Development at Schering-Plough is defined as learning and increasing contributions/value

• Performance is differentiated and directly linked to rewards

• Managers have a special responsibility to be the ambassadors — or transmission link — between our executive management strategy and our people around the world who make the strategy a reality

• Some programs are global and others such as technical training are local

People

People

Products

Products

ProcessesProcesses

Customers