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

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 15, 2012, to shareholders of record as of June 1, 2012.

Currently, Fred's, Inc. operates 707 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.

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