Fred’s, Inc. announced that it has appointed Heath Freeman, President and Founding Member of Alden Global Capital LLC, to its Board of Directors, effective at its next scheduled meeting, which is expected to be held on or before August 29, 2017. Mr. Freeman is being added to the Fred’s Board in connection with the execution of an Amended and Restated Cooperation Agreement between Alden and Fred’s, dated August 11, 2017. Christopher Bodine has decided to resign from the Board of Directors, effective August 11, 2017.