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Press release from Business Wire

Fred's Declares Quarterly Cash Dividend of $0.06 Per Share

Tuesday, May 21, 2013

Fred's Declares Quarterly Cash Dividend of $0.06 Per Share

10:50 EDT Tuesday, May 21, 2013

MEMPHIS, Tenn. (Business Wire) -- Fred's, Inc. (NASDAQ: FRED) today announced that its Board of Directors has declared a quarterly cash dividend of $0.06 per share. The dividend is payable on June 17, 2013, to shareholders of record as of June 3, 2013.

Fred's, Inc. operates 715 discount general merchandise stores, including 21 franchised Fred's stores, in the southeastern United States. For more information about the Company, visit Fred's website at www.fredsinc.com.

Fred's, Inc.
Jerry A. Shore, 901-362-3733, Ext. 2217
Executive Vice President and Chief Financial Officer

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