Pep Boys Declares Quarterly Dividend

PHILADELPHIA--December 16, 2011: The Pep Boys -- Manny, Moe & Jack , the nation's leading automotive aftermarket service and retail chain, announced that its Board of Directors approved the payment of the next quarterly dividend of $0.03 per share payable on January 23, 2012 to shareholders of record on January 9, 2012. The annual dividend of $0.12 per share currently yields approximately 1.1%.

About Pep Boys

Since 1921, Pep Boys has been the nation's leading automotive aftermarket chain. With more than 7,000 service bays in more than 700 locations in 35 states and Puerto Rico, Pep Boys offers name-brand tires; automotive maintenance and repair; parts and expert advice for the Do-It-Yourselfer; commercial auto parts delivery; and fleet maintenance and repair. Customers can find the nearest location by calling 1-800-PEP- BOYS (1-800-737-2697) or by visiting Pep Boys.