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CONTACT: FRED'S TO PRESENT AT WILLIAM BLAIR & COMPANY'S 27TH ANNUAL GROWTH STOCK CONFERENCE MEMPHIS, Tenn. (June 14, 2007) – Fred's, Inc. (NASDAQ:FRED) today announced that the Company will participate in the William Blair & Company 27th Annual Growth Stock Conference, which takes place in Chicago on June 19-21. The investor presentation by Fred's management is scheduled at 10:30 a.m. CT on Thursday, June 21, 2007, and will be available to investors via a live audio webcast. A link to the webcast may be found at the investor section of the Company's website, www.fredsinc.com, and the event will be available for replay for a period of 90 days, using that same link. Fred's Inc. operates 702 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.
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