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Press release from Business Wire

Family Dollar Names Paul White Executive Vice President – Chief Merchandising Officer

Monday, December 19, 2011

Family Dollar Names Paul White Executive Vice President – Chief Merchandising Officer08:00 EST Monday, December 19, 2011 MATTHEWS, N.C. (Business Wire) -- Family Dollar Stores, Inc. (NYSE: FDO) today announced that it has named Paul White to the position of Executive Vice President – Chief Merchandising Officer. Mr. White will report to Michael Bloom, President and Chief Operating Officer. “Through Paul's leadership and strategic vision, Family Dollar has created a compelling mix of discretionary merchandise which has led to a more fun place to shop for our customers,” said Mr. Bloom. “Paul's promotion will help us continue to broaden our appeal and deliver greater value to our customers.” Mr. White joined Family Dollar in 2011 as Senior Vice President, Apparel, Home and Seasonal. Before joining the Company, he served as the past president, CEO, and director of Goody's, LLC. where he refocused the merchandising and marketing strategies on the core customer while leading the company's exit from bankruptcy. Other retail experience includes senior merchandising leadership roles at Shopko Stores and The May Department Stores Company. About Family Dollar Beginning with one store in Charlotte, North Carolina, in 1959, the Company currently operates more than 7,000 stores in 45 states. Family Dollar Stores, Inc., a Fortune 300 company, is based in Matthews, North Carolina, just outside of Charlotte and is a publicly held company with common stock traded on the New York Stock Exchange under the symbol FDO. For more information, please visit www.familydollar.com. Family Dollar Stores, Inc.Joshua Braverman, 704-814-3447Director - Communicationsjbraverman@familydollar.comhttp://www.familydollar.com