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Notice to Holders of 6% Mandatory Convertible Preferred Stock of Schering-Plough Corporation

Stock Quote

SGP (Common Stock)
Exchange	NYSE (US Dollar)
Price	$36.46
Change (%)	1.13 (3.20%)
Volume	36,364,804
As of 11/20/09 4:00 p.m. ET Minimum 20 minute delay Refresh quote

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Quarterly Dividend History of Mandatory Convertible Preferred Shares

Declared	Record	Payable	Amount
Jun. 23, 2009	Aug. 3, 2009	Aug. 17, 2009	$3.750
Feb. 27, 2009	May 1, 2009	May 15, 2009	$3.750
Dec. 19, 2008	Feb. 2, 2009	Feb. 17, 2009	$3.750
Sep. 16, 2008	Nov. 03, 2008	Nov. 17, 2008	$3.750
Jun. 24, 2008	Aug. 01, 2008	Aug. 15, 2008	$3.750
Feb. 29, 2008	May. 01, 2008	May. 15, 2008	$3.750
Dec. 14, 2007	Feb. 01, 2008	Feb. 15, 2008	$3.750
Sep. 19, 2007	Nov. 01, 2007	Nov. 15, 2007	$3.750
Jun. 26, 2007	Sep. 04, 2007	Sep. 14, 2007	$0.750
Feb. 27, 2007	Jun. 01, 2007	Jun. 15, 2007	$0.750
Dec. 15, 2006	Mar. 01, 2007	Mar. 15, 2007	$0.750
Sep. 19, 2006	Dec. 01, 2006	Dec. 15, 2006	$0.750
Jun. 27, 2006	Sep. 01, 2006	Sep. 15, 2006	$0.750
Feb. 28, 2006	Jun. 01, 2006	Jun. 15, 2006	$0.750
Dec. 06, 2005	Mar. 01, 2006	Mar. 15, 2006	$0.750
Sep. 20, 2005	Dec. 01, 2005	Dec. 15, 2005	$0.750
Jun. 28, 2005	Sep. 01, 2005	Sep. 15, 2005	$0.750
Apr. 25, 2005	Jun. 01, 2005	Jun. 15, 2005	$0.750
Jan. 25, 2005	Mar. 01, 2005	Mar. 15, 2005	$0.750
Sep. 28, 2004	Dec. 01, 2004	Dec. 15, 2004	$1.042

Quarterly Dividend History of Common Shares
Schering-Plough's quarterly dividend since 1993

Declared	Record	Payable	Amount
Jun. 23, 2009	Aug. 07, 2009	Aug. 31, 2009	$0.065
Feb. 27, 2009	May. 01, 2009	May. 26, 2009	$0.065
Dec. 10, 2008	Feb. 06, 2009	Feb. 27, 2009	$0.065
Sep. 16, 2008	Nov. 07, 2008	Nov. 25, 2008	$0.065
Jun. 24, 2008	Aug. 01, 2008	Aug. 26, 2008	$0.065
Feb. 29, 2008	May. 02, 2008	May. 27, 2008	$0.065
Dec. 14, 2007	Feb. 01, 2008	Feb. 26, 2008	$0.065
Sep. 19, 2007	Nov. 02, 2007	Nov. 27, 2007	$0.065
Jun. 26, 2007	Aug. 03, 2007	Aug. 28, 2007	$0.065
Feb. 27, 2007	May. 04, 2007	May. 29, 2007	$0.065
Dec. 15, 2006	Feb. 02, 2007	Feb. 27, 2007	$0.055
Sep. 19, 2006	Nov. 03, 2006	Nov. 28, 2006	$0.055
Jun. 27, 2006	Aug. 04, 2006	Aug. 29, 2006	$0.055
Feb. 28, 2006	May. 05, 2006	May. 30, 2006	$0.055
Dec. 06, 2005	Feb. 03, 2006	Feb. 28, 2006	$0.055
Sep. 20, 2005	Nov. 04, 2005	Nov. 29, 2005	$0.055
Jun. 28, 2005	Aug. 05, 2005	Aug. 30, 2005	$0.055
Apr. 25, 2005	May. 06, 2005	May. 31, 2005	$0.055
Jan. 25, 2005	Feb. 04, 2005	Feb. 28, 2005	$0.055
Sep. 28, 2004	Nov. 05, 2004	Nov. 30, 2004	$0.055
Jun. 21, 2004	Aug. 06, 2004	Aug. 31, 2004	$0.055
Apr. 27, 2004	May. 07, 2004	May. 28, 2004	$0.055
Jan. 27, 2004	Feb. 06, 2004	Feb. 26, 2004	$0.055
Oct. 28, 2003	Nov. 07, 2003	Nov. 26, 2003	$0.055
Jun. 24, 2003	Aug. 01, 2003	Aug. 26, 2003	$0.170
Apr. 22, 2003	May. 02, 2003	May. 27, 2003	$0.170
Jan. 28, 2003	Feb. 07, 2003	Feb. 28, 2003	$0.170
Oct. 22, 2002	Nov. 01, 2002	Nov. 26, 2002	$0.170
Jun. 25, 2002	Aug. 02, 2002	Aug. 27, 2002	$0.170
Apr. 23, 2002	May. 03, 2002	May. 28, 2002	$0.170
Jan. 22, 2002	Feb. 01, 2002	Feb. 26, 2002	$0.160
Oct. 23, 2001	Nov. 02, 2001	Nov. 27, 2001	$0.160
Jun. 26, 2001	Aug. 03, 2001	Aug. 28, 2001	$0.160
Apr. 24, 2001	May. 04, 2001	May. 29, 2001	$0.160
Jan. 23, 2001	Feb. 02, 2001	Feb. 27, 2001	$0.140
Oct. 24, 2000	Nov. 03, 2000	Nov. 28, 2000	$0.140
Jun. 19, 2000	Aug. 04, 2000	Aug. 29, 2000	$0.140
Apr. 25, 2000	May. 05, 2000	May. 30, 2000	$0.140
Jan. 25, 2000	Feb. 04, 2000	Feb. 29, 2000	$0.125
Oct. 26, 1999	Nov. 05, 1999	Nov. 30, 1999	$0.125
Jun. 22, 1999	Aug. 06, 1999	Aug. 31, 1999	$0.125
Apr. 27, 1999	May. 07, 1999	May. 28, 1999	$0.125
Jan. 26, 1999	Feb. 05, 1999	Feb. 26, 1999	$0.110
Oct. 27, 1998	Nov. 06, 1998	Nov. 30, 1998	$0.110
Jun. 23, 1998	Aug. 07, 1998	Aug. 31, 1998	$0.110
Apr. 28, 1998	May. 08, 1998	May. 29, 1998	$0.110
Jan. 27, 1998	Feb. 06, 1998	Feb. 27, 1998	$0.095
Oct. 28, 1997	Nov. 07, 1997	Nov. 28, 1997	$0.095
Jun. 24, 1997	Aug. 01, 1997	Aug. 26, 1997	$0.095
Apr. 22, 1997	May. 02, 1997	May. 27, 1997	$0.095
Jan. 28, 1997	Feb. 07, 1997	Feb. 28, 1997	$0.083
Oct. 22, 1996	Nov. 01, 1996	Nov. 26, 1996	$0.083
Jun. 17, 1996	Aug. 02, 1996	Aug. 27, 1996	$0.083
Apr. 23, 1996	May. 03, 1996	May. 28, 1996	$0.083
Jan. 23, 1996	Feb. 02, 1996	Feb. 27, 1996	$0.073
Oct. 24, 1995	Nov. 03, 1995	Nov. 28, 1995	$0.073
Jun. 27, 1995	Aug. 04, 1995	Aug. 29, 1995	$0.073
Apr. 04, 1995	May. 05, 1995	May. 30, 1995	$0.073
Jan. 24, 1995	Feb. 03, 1995	Feb. 28, 1995	$0.064
Oct. 25, 1994	Nov. 04, 1994	Nov. 29, 1994	$0.064
Jun. 28, 1994	Aug. 05, 1994	Aug. 30, 1994	$0.064
Apr. 26, 1994	May. 06, 1994	May. 31, 1994	$0.064
Jan. 25, 1994	Feb. 04, 1994	Feb. 28, 1994	$0.056
Oct. 26, 1993	Nov. 05, 1993	Nov. 30, 1993	$0.056
Jun. 22, 1993	Aug. 06, 1993	Aug. 31, 1993	$0.056
Apr. 27, 1993	May. 07, 1993	Jun. 01, 1993	$0.056
Jan. 26, 1993	Feb. 05, 1993	Mar. 08, 1993	$0.049