OVERVIEW

Stock Symbol - Fred’s Inc. is traded on the NASDAQ Global Select Market under the symbol FRED. The Company has no other publicly traded securities.

Fiscal Year Ends – January

Common Shares Outstanding– 39.7 million

Market Capitalization – $585 million

Indicated Annual Dividend– $0.08

CONTACT

Jerry A. Shore
Executive Vice President and Chief Financial Officer
(901) 362-3733, Ext. 2217

Fred’s Inc. 3Q09 Earnings Conference Call
Date: Tuesday, November 24, 2009
Time: 9:00 a.m. CT
Replay available for 30 days.