Pep Boys Holds Annual Meeting

PHILADELPHIA--(Business Wire)--
The Pep Boys - Manny, Moe & Jack (NYSE: "PBY"), the nation's
leading automotive aftermarket retail and service chain, today held
its Annual Meeting of Shareholders in Philadelphia.

At the Annual Meeting, shareholders elected the full Board of
Directors for a one-year term, approved the appointment of the
Company's independent registered public accounting firm and approved
the amendment of the Company's Articles of Incorporation to provide
for majority voting in uncontested elections of Directors.

In addition, Interim CEO Mike Odell and CFO Ray Arthur discussed
the Company's business performance and opportunities.

The presentation slides from the Annual Meeting are available on
the Company's Web site at www.pepboys.com.

Pep Boys has over 560 stores and approximately 6,000 service bays
in 35 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 1-800-PEP-BOYS or by visiting www.pepboys.com.

Certain statements contained herein constitute "forward-looking
statements" within the meaning of The Private Securities Litigation
Reform Act of 1995. The word "guidance," "expect," "anticipate,"
"estimates," "forecasts" and similar expressions are intended to
identify such forward-looking statements. Forward-looking statements
include management's expectations regarding implementation of its
long-term strategic plan, future financial performance, automotive
aftermarket trends, levels of competition, business development
activities, future capital expenditures, financing sources and
availability and the effects of regulation and litigation. Although
the Company believes that the expectations reflected in such
forward-looking statements are based on reasonable assumptions, it can
give no assurance that its expectations will be achieved. The
Company's actual results may differ materially from the results
discussed in the forward-looking statements due to factors beyond the
control of the Company, including the strength of the national and
regional economies, retail and commercial consumers' ability to spend,
the health of the various sectors of the automotive aftermarket, the
weather in geographical regions with a high concentration of the
Company's stores, competitive pricing, the location and number of
competitors' stores, product and labor costs and the additional
factors described in the Company's filings with the SEC. The Company
assumes no obligation to update or supplement forward-looking
statements that become untrue because of subsequent events.

Pep Boys, Philadelphia
Investors:
Ray Arthur, 215-430-9720
or
Media:
Alex Spooner, 215-430-9588
or
Internet: http://www.pepboys.com

Copyright Business Wire 2008