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

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

Business Wire

MEMPHIS, Tenn. -- February 19, 2013

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 March 15, 2013, to shareholders of record as of March 1, 2013.

Fred's, Inc. operates 712 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.

Contact:

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