Craig Jelinek, President and CEO of Costco Wholesale Corporation, Issued the Following Statement Today:

Mon Nov 19, 2012 6:24pm EST

* Reuters is not responsible for the content in this press release.

  ISSAQUAH, WA, Nov 19 (Marketwire) -- 
Craig Jelinek, President and CEO of Costco Wholesale Corporation
("Costco" or the "Company") (NASDAQ: COST) issued the following statement
today:

    I received a phone call on Saturday from President Obama, as part of the
Administration's outreach to the business community to discuss current
economic conditions and fiscal policy issues. I expressed strong support
for the President's efforts to reach a compromise with Congress before
the end of the year that avoids any tax increase on middle class
taxpayers. Costco employs over 115,000 workers in the U.S., most of whom
are middle class family wage earners. Likewise, the small businesses that
make up the bulk of our business members employ thousands of working
people who have borne the brunt of the recession. Now, with signs
pointing to a modest economic recovery, it would be a particular burden
on those working families to face higher income taxes. I encouraged the
President to continue working with Congressional leadership to find a
balanced solution to the deficit that will avoid middle class tax
increases. It is imperative that both sides of the "aisle" compromise...
to eliminate uncertainty, and allow for continued economic recovery.

    Costco currently operates 617 warehouses, including 447 in the United
States and Puerto Rico, 83 in Canada, 32 in Mexico, 22 in the United
Kingdom, 13 in Japan, nine in Taiwan, eight in Korea and three in
Australia. The Company plans to open up to five additional warehouses
prior to the end of calendar year 2012. Costco also operates electronic
commerce web sites, at www.costco.com (U.S.), www.costco.ca (Canada), and
www.costco.co.uk (United Kingdom).

    Certain statements contained in this document constitute forward-looking
statements within the meaning of the Private Securities Litigation Reform
Act of 1995. For these purposes, forward-looking statements are
statements that address activities, events, conditions or developments
that the Company expects or anticipates may occur in the future. Such
forward-looking statements involve risks and uncertainties that may cause
actual events, results or performance to differ materially from those
indicated by such statements. These risks and uncertainties include, but
are not limited to, domestic and international economic conditions,
including exchange rates, the effects of competition and regulation,
uncertainties in the financial markets, consumer and small business
spending patterns and debt levels, conditions affecting the acquisition,
development, ownership or use of real estate, actions of vendors, rising
costs associated with employees (including health care costs), energy,
and certain commodities, geopolitical conditions and other risks
identified from time to time in the Company's public statements and
reports filed with the Securities and Exchange Commission.

    

CONTACTS: 
Costco Wholesale Corporation
Joel Benoliel
425/313-8193
Richard Galanti
425/313-8203
Bob Nelson
425/313-8255 

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