Exhibit 99.1
JOINT FILING AGREEMENT
In accordance with Rule 13d-1(k)(1)(iii) under the Securities Exchange Act of 1934, as amended, the persons named below agree to the joint filing on behalf of each of them of a Statement on Schedule 13D (including additional amendments thereto) with respect to the shares of Class A Common Stock, no par value per share, of Fred’s, Inc., a Tennessee corporation. This Joint Filing Agreement shall be filed as an Exhibit to such Statement.
Dated: December 21, 2016
| | Strategic Investment Opportunities LLC |
| | |
| | By: | Alden Global Capital LLC Investment Manager |
| | | |
| | By: | /s/ Heath Freeman |
| | | Name: | Heath Freeman |
| | | Title: | President |
| | Alden Global Capital LLC |
| | |
| | By: | /s/ Heath Freeman |
| | | Name: | Heath Freeman |
| | | Title: | President |
| | /s/ Heath Freeman |
| | Heath Freeman |
