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Press release from Marketwire

Coast Wholesale Appliances Inc. Declares April Dividend

Tuesday, April 17, 2012

Coast Wholesale Appliances Inc. Declares April Dividend16:05 EDT Tuesday, April 17, 2012VANCOUVER, BRITISH COLUMBIA--(Marketwire - April 17, 2012) - Coast Wholesale Appliances Inc. (TSX:CWA) (Coast) today announced a cash dividend of $0.035 per share for the month of April 2012. The dividend is to be paid May 7, 2012 to shareholders of record on April 27, 2012. At current levels, Coast's monthly dividend equates to $0.42 per share on an annualized basis.Coast is a leading independent supplier of major household appliances and accessories to developers and builders of multi-family and single-family housing, and to retail customers. Founded in 1978, Coast currently operates 16 stores, with 15 locations across the four western provinces and one store in the Greater Toronto Area.FOR FURTHER INFORMATION PLEASE CONTACT: Jack PeckCoast Wholesale Appliances Inc.Chief Financial Officer(604) 301-3400invest@coastappliances.comwww.coastwholesaleappliancesinc.com