Fred’s, Inc. Loss Form

Company: Fred's, Inc.

Ticker: (NASDAQGS) FRED

Deadline

Passed

Lead Plaintiff Deadline: August 27, 2019

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Allegations

Defendants made numerous materially false and misleading statements concerning the level of regulatory risk faced by the Original Merger and the Revised Merger which would ultimately cause the termination of the Fred’s Asset Purchase Agreement. Specifically, Defendants made false and/or misleading statements: (i) downplaying or disputing contrary reports from journalists signaling regulatory turbulence in closing the merger; (ii) representing that inside knowledge of the FTC gave confidence that the deal would close.