MONRO MUFFLER BRAKE, INC. DECLARES QUARTERLY CASH DIVIDEND

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ROCHESTER, N.Y. ¨C May 29, 2008 ¨C Monro Muffler Brake, Inc. (Nasdaq: MNR, a leading
provider of automotive undercar repair and tire services, today announced that its Board of Directors has
declared a quarterly cash dividend of $.06 per share on the Company!ˉs outstanding shares of common stock
including the shares of common stock to which the holders of the Company!ˉs Class C Convertible Preferred
Stock are entitled. The dividend is payable on July 25, 2008 to shareholders of record at the close of business
on July 15, 2008.

About Monro Muffler Brake

Monro Muffler Brake operates a chain of stores providing automotive undercar repair and tire
services in the United States, operating under the brand names of Monro Muffler Brake and Service, Mr. Tire
and Tread Quarters Discount Tires. The Company currently operates 718 stores and has 14 dealer locations
in New York, Pennsylvania, Ohio, Connecticut, Massachusetts, West Virginia, Virginia, Maryland, Vermont,
New Hampshire, New Jersey, North Carolina, South Carolina, Indiana, Rhode Island, Delaware, Maine and
Michigan. Monro!ˉs stores provide a full range of services for brake systems, steering and suspension
systems, tires, exhaust systems and many vehicle maintenance services.

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