MEMPHIS, Tenn. (August 15, 2007) – Fred's, Inc. (NASDAQ:FRED) today announced that it will provide an online Web simulcast of its second quarter earnings conference call on Wednesday, August 29, 2007. The Company's results for the second quarter and six months ended August 4, 2007, will be released earlier that morning.

The live broadcast of Fred's conference call will begin at 10:00 a.m. Eastern Time on August 29, 2007. An online replay will be available approximately two hours following the conclusion of the live broadcast and will continue through September 29, 2007. A link to these events can be found at www.fredsinc.com.

Fred's Inc. operates 701 discount general merchandise stores, including 24 franchised Fred's stores in the southeastern United States. For more information about the Company, visit Fred's Website at www.fredsinc.com.