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

Fred's, Inc. ("Fred's Pharmacy" or "the Company") 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, 2017, to shareholders of record as of March 1, 2017.

Fred's Pharmacy and subsidiaries currently operate 644 discount general merchandise stores and three specialty pharmacy-only locations in 15 states in the southeastern United States. Included in the store count are 15 franchised locations. Also, there are 360 full service pharmacy departments located within Fred's stores, including two franchised locations. For more information about the Company, visit Fred's website at www.fredsinc.com.

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