Monro Muffler Brake, Inc. Announces Quarterly Dividend Increase

ROCHESTER, N.Y., May 23, 2006 -- Monro Muffler Brake, Inc. , a leading provider of automotive undercar repair and tire services, today announced its Board of Directors has approved an increase in the Company's quarterly dividend to $0.07 per share. The increased dividend rate will be effective commencing with the regular quarterly dividend payable on July 28, 2006 to shareholders of record as of July 18, 2006.

Robert G. Gross, President and Chief Executive Officer, commented, "The 40% increase in our dividend underscores our Company's strong financial position and cash generation, consistent earnings growth, and commitment to enhancing shareholder value. We're pleased to be able to return a portion of our earnings to our shareholders without compromising our ability to pursue acquisitions and organic growth opportunities."

Monro Muffler Brake operates a chain of stores providing automotive undercar repair and tire services in the United States, operating under the brand names of Monro Muffler Brake and Service, ProCare, Mr. Tire and Tread Quarters Discount Tires. The Company currently operates 700 stores and has 16 dealer locations in New York, Pennsylvania, Ohio, Connecticut, Massachusetts, West Virginia, Virginia, Maryland, Vermont, New Hampshire, New Jersey, North Carolina, South Carolina, Indiana, Rhode Island, Delaware, Maine and Michigan. Monro's stores provide a full range of services for exhaust systems, brake systems, steering and suspension systems, tires and many vehicle maintenance services.