Tasty Baking Company (NYSE:TBC) yesterday announced that its Board of Directors at its meeting on January 19, 2001, declared a regular quarterly cash dividend of $0.12 per share on all outstanding shares of common stock.

The dividend is payable March 1, 2001 to shareholders of record as of the close of business on February 12, 2001.

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Tasty Baking Company is one of the largest independent baking companies in the United States, and is the leading snack cake provider of the Mid-Atlantic region. The Company operates three bakeries in the Mid-Atlantic region, and distributes its products in 49 states under the Tastykake brand name.

Except for historical information contained herein, the matters discussed are forward-looking statements (as such term is defined in the Securities Act of 1933, as amended) and because such statements include risks and uncertainties, actual results may differ materially from those forward-looking statements.

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