Ingles Markets Declares Quarterly Cash Dividend

ASHEVILLE, N.C. -- Ingles Markets, Inc. here said yesterday that its board of directors has declared a cash dividend of 16.5 cents per share on all its Class A Common Stock and 15 cents per share on all its Class B Common Stock. This is an annual rate of 66 cents and 60 cents per share, respectively.

Dividends on both the Class A and Class B Common Stock are payable April 20, 2006 to all shareholders of record on April 10, 2006.

Ingles Markets operates 197 supermarkets. In conjunction with its supermarket operations, the company also operates 74 neighborhood shopping centers, all but 17 of which contain an Ingles supermarket.
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