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Midas Declares Quarterly Dividend of $0.02 Per Share Payable Jan. 1, 2001

5 December 2000

Midas Declares Quarterly Dividend of $0.02 Per Share Payable Jan. 1, 2001

    ITASCA, Ill.--Dec. 5, 2000--The board of directors of Midas, Inc., has declared a regular quarterly dividend of $0.02 per share on the company's outstanding stock, payable Jan. 1, 2001, to stockholders of record at the close of business on Dec. 15, 2000.
    As previously announced, Midas directors have approved changing from quarterly dividend payments to making a single annual dividend payment beginning in fiscal 2001. It is expected the annual dividend will be declared for payment on April 1, 2001.
    There currently are 15.0 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 nearly 2,100 franchised Midas shops in the United States and Canada, and 600 licensed and franchised Midas locations in 18 other countries.