Midas Declares Annual Dividend of $0.08 Per Share Payable April 1, 2001

    ITASCA, Ill.--Feb. 22, 2001--The board of directors of Midas, Inc., has declared a regular annual dividend of $0.08 per share on the company's outstanding stock, payable April 1, 2001, to stockholders of record at the close of business on March 15, 2001.
    As previously announced, Midas directors approved changing from quarterly dividend payments to making a single annual dividend payment beginning in fiscal 2001.
    There currently are 14.9 million shares of Midas stock outstanding.

    Midas is one of the world's largest providers of automotive service, including exhaust, brakes, steering, suspension, batteries, climate control and maintenance services. There are more than 2,000 franchised Midas shops in the United States and Canada, and 600 licensed and franchised Midas locations in 18 other countries.