Pep Boys Declares Quarterly Dividend

PHILADELPHIA--June 16, 2006--The Pep Boys - Manny, Moe & Jack , the nation's leading automotive aftermarket retail and service chain, announced that its Board of Directors approved the payment of the next quarterly dividend of $.0675 per share payable on July 24, 2006 to shareholders of record on July 10, 2006. The annual dividend of $.27 per share currently yields approximately 2.4%.

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.