ASHEVILLE, N.C. - (January 2, 2008) - Ingles Markets, Incorporated (NASDAQ: IMKTA) today announced that its Board of Directors has declared a cash dividend of $0.165 (sixteen and one-half cents) per share on all its Class A Common Stock and $0.15 (fifteen cents) per share on all its Class B Common Stock. This is an annual rate of $0.66 and $0.60 per share, respectively. Dividends on both the Class A and Class B Common Stock are payable January 24, 2008, to all shareholders of record on January 14, 2008.





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Contact:
Ron Freeman
Chief Financial Officer
(828) 669-2941 (Ext. 223)