Pep Boys declares quarterly dividend

The Pep Boys — Manny, Moe & Jack, the nation's leading automotive aftermarket retail and service chain, announced that its board of directors has approved the payment of the next quarterly dividend of $.0675 per share payable on July 23, 2007 to all current shareholders. The annual dividend of $.27 per share currently yields approximately 1.23%.

About Pep Boys
Pep Boys has 593 stores and over 6,000 service bays in 36 states and Puerto Rico. Along with its vehicle repair and maintenance capabilities, the company also serves the commercial auto parts delivery market and is one of the leading sellers of replacement tires in the United States. Customers can find the nearest location by calling (800) PEP-BOYS or by visiting their Web site.