MEMPHIS, Tenn. (November 16, 2007) – Fred's, Inc. (NASDAQ:FRED) today announced that it will provide an online Web simulcast of its third quarter earnings conference call on Thursday, November 29, 2007. The Company's results for the third quarter and nine months ended November 3, 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 November 29, 2007. An online replay will be available approximately two hours following the conclusion of the live broadcast and will continue through December 29, 2007. A link to these events can be found at www.fredsinc.com.

Fred's Inc. operates more than 700 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.