Tasty Baking Company Files Business Plan to Meet Increased New York Stock Exchange Minimum Continued Listing Criteria

Tasty Baking Company (NYSE:TBC) announced today that it
has filed timely its required business plan with the New York Stock
Exchange ("NYSE") that outlines how the company intends to achieve
compliance with the NYSE's recently increased continued listing
criteria. The NYSE will review the plan to determine if the NYSE
believes the plan will result in the company's compliance within 18
months.
   As previously disclosed in a press release and Form 8-K dated July
28, 2005, the NYSE announced in June 2005 that it has changed certain
continued listing criteria, including increased requirements for
market capitalization and shareholders' equity. Based on an initial
assessment period ending July 29, 2005, Tasty Baking Company received
notice from the NYSE on August 1, 2005, that the company is currently
below the increased continued listing standard, as disclosed on Form
8-K dated August 4, 2005.
   If the NYSE accepts the business plan, the company will continue
to be listed on the NYSE during the 18 month period, pending quarterly
reviews by the NYSE for compliance with the business plan. If the
Company should be informed by the NYSE that the submitted plan was not
accepted, the company is prepared to pursue an alternative national
trading market for its common stock.
   The NYSE has up to 45 days to review the company's submitted
business plan and inform the company of its decision.

   ABOUT TASTY BAKING COMPANY

   Tasty Baking Company (NYSE:TBC), founded in 1914 and headquartered
in Philadelphia, Pennsylvania, is one of the country's leading bakers
of snack cakes, pies, cookies, and donuts with manufacturing
facilities in Philadelphia and Oxford, Pennsylvania. Tasty Baking
Company offers more than 100 products under the Tastykake brand name.
For more information on Tasty Baking Company, visit www.tastykake.com.
In addition, consumers can send Tastykake products throughout the
United States from the company's website or by calling 1-800-33-TASTY.

   "Safe Harbor Statement" Under the Private Securities Litigation
Reform Act of 1995

   Except for historical information contained herein, the matters
discussed herein are forward-looking statements (as such term is
defined in the Securities Act of 1933, as amended) that are subject to
risks and uncertainties that could cause actual results to differ
materially. There are a number of factors that may cause actual
results to differ from these forward-looking statements, including
general economic and business conditions. Other risks and
uncertainties that may materially affect the company are provided in
the company's annual reports to shareholders and the company's
periodic reports filed with the Securities and Exchange Commission
from time to time, including reports on Forms 10-K and 10-Q. Please
refer to these documents for a more thorough description of these and
other risk factors.