Many and Moe & Jack Pay Store Owners Since 1950

PHILADELPHIA--Dec. 1, 20030, 2003--The Pep Boys - Manny, Moe & Jack , the nation's leading full-service automotive aftermarket chain announced that its Board of Directors approved the payment of the next quarterly dividend of $.0675 per share on January 26, 2004, to holders of record on January 12, 2004. The annual dividend of $.27 per share currently yields approximately 1.4%.

Pep Boys has paid a cash dividend on an uninterrupted basis for 53 consecutive years.

Pep Boys has 595 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. Customers can find the nearest location by calling (No free advertising)