Fred’s Pharmacy Declares Quarterly Cash Dividend Of $0.06 Per Share

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 September 15, 2017, to shareholders of record as of
September 1, 2017.

About Fred’s Pharmacy

Tracing its history back to an original store in Coldwater, Mississippi,
opened in 1947, today Fred’s Pharmacy is headquartered in Memphis,
Tennessee, and operates 601 pharmacy and general merchandise stores,
which includes 14 franchised Fred’s Pharmacy locations and an additional
three specialty pharmacy-only locations. With a unique store format and
strategy that combines the best elements of a healthcare-focused drug
store with a value-focused retailer, Fred’s Pharmacy stores offer more
than 12,000 frequently purchased items that address the healthcare and
everyday needs of its customers and patients. This includes nationally
recognized brands, proprietary Fred’s Pharmacy label products, and a
full range of value-priced selections. The Company has two distribution
centers, one in Memphis, Tennessee, and Dublin, Georgia.

Contacts

Fred’s Pharmacy
Jason Jenne, 901-238-2787
Executive Vice
President, Chief Financial Officer and Secretary
or
Joele
Frank, Wilkinson Brimmer Katcher
Ed Trissel / Dan Moore
212-355-4449