Press Release Details

KANSAS CITY, Mo., May 23, 2006 (BUSINESS WIRE) -- The Board of Directors of H&R Block Inc. (NYSE: HRB) today declared a regular quarterly cash dividend of 12.5 cents per share, payable July 3, 2006, to shareholders of record June 12, 2006. This is the company's 175th consecutive quarterly dividend.

H&R Block will report its fiscal fourth-quarter and year-end 2006 financial results on Wednesday, June 7, after close of the NYSE market, 4 p.m. EDT. At that time, a copy of the press release will be available from the company's Web site at www.hrblock.com.

At 5 p.m. EDT, the company will host a conference call for analysts, institutional investors and shareholders. Mark A. Ernst, chairman and chief executive officer, and William L. Trubeck, executive vice president and chief financial officer, will discuss the quarter and year-end results and future expectations, as well as respond to analysts' questions. To access the call, please dial the number below approximately five to 10 minutes prior to the scheduled starting time:

U.S./Canada 888-425-2715 -- Access Code 2013276

International 706-679-8257 -- Access Code 2013276

The call will be webcast in a listen-only format for the media and public. The link to the webcast, and supplemental financial and statistical information, can be accessed directly on H&R Block's Investor Relations Web site at www.hrblock.com/about/investor following market close.

A replay of the call will be available beginning at 6 p.m. EDT June 7 and continuing until 12 a.m. EDT June 16, by dialing 800-642-1687 (U.S./Canada) or 706-645-9291 (International). The replay access code is 2013276. A replay of the webcast will also be available on the company's Web site at www.hrblock.com/about/investor.

About H&R Block

H&R Block is a leading provider of tax, financial, mortgage, accounting and business consulting services and products. H&R Block is the world's largest tax services provider, having prepared more than 400 million tax returns since 1955. The company and its subsidiaries generated revenues of $4.4 billion and net income of $624 million in fiscal year 2005 from operations in four principal business segments: tax preparation and advice via in-office, online and software solutions; investment and financial advisory services; retail and wholesale mortgage services; and tax/accounting/business consulting services for midsized companies. Headquartered in Kansas City, Mo., H&R Block markets its services and products under three leading brands: H&R Block, Option One and RSM McGladrey. For more information, visit our Online Press Center at www.hrblock.com.

SOURCE: H&R Block Inc.

H&R Block Inc.
Media Relations:
Nick Iammartino, 816-932-4835
nick.iammartino@hrblock.com
or
Investor Relations:
Scott Dudley, 816-932-8342
scott.dudley@hrblock.com