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Issaquah, W.A.

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Costco Wholesale Corporation and Controladora Comercial Mexicana, S.A.B. de C.V. ("CCM") have effectively completed a definitive agreement in which wholly-owned subsidiaries of Costco Wholesale will purchase from CCM its 50% share interest in Costco de Mexico, S.A. de C.V. The wholly-owned subsidiaries will make the purchase for $10,650 million MXN or $760.4 million U.S. dollars based on the exchange rate, according to a press release.

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Costco Mexico has also declared a cash dividend of approximately $4,774 million MXN or $340.85 million U.S. dollars based on the exchange rate with 50% payable to a subsidiary of Costco Wholesale and 50% to CCM.

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Costco Wholesale will use the dividend proceeds and existing cash and investment balances to fund the purchase. CCM will use the dividend and sale proceeds to pay down debt. Mr. Guillermo Gonzalez Nova, and Mr. Carlos Gonzalez Zabalegui, respectively Chairman and CEO of CCM, will continue as members of the Board of Directors of Costco Mexico. Mr. Jaime Gonzalez Solana will continue as CEO of Costco Mexico.

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Costco

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