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Press release from Marketwire

Coast Wholesale Appliances Inc. Declares May Dividend

Wednesday, May 16, 2012

Coast Wholesale Appliances Inc. Declares May Dividend17:45 EDT Wednesday, May 16, 2012VANCOUVER, BRITISH COLUMBIA--(Marketwire - May 16, 2012) - Coast Wholesale Appliances Inc. (TSX:CWA) (Coast) today announced a cash dividend of $0.035 per share for the month of May 2012. The dividend is to be paid June 5, 2012 to shareholders of record on May 28, 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