Fred's, Inc. (NASDAQ: FRED) today announced that the time of its presentation in the Stephens Spring Investment Conference on Tuesday, June 2, 2015, will be 10:00 a.m. ET rather than the previously announced 11:00 a.m. ET. All other details remain the same, including the availability of a live broadcast of the conference presentation on the Company’s website, www.fredsinc.com, approximately 15 minutes prior to the event, and a replay of the event for a period of 90 days, using that same link.

Currently, Fred's, Inc. operates 662 discount general merchandise stores and three specialty pharmacy-only locations in the southeastern United States. For more information about the Company, visit Fred's website at www.fredsinc.com.

Fred's, Inc.Jerry A. Shore, 901-362-3733, Ext. 2217Chief Executive Officer

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