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Press release from Marketwire

Coast Wholesale Appliances Inc. Declares October Dividend

Wednesday, October 17, 2012

Coast Wholesale Appliances Inc. Declares October Dividend18:06 EDT Wednesday, October 17, 2012VANCOUVER, BRITISH COLUMBIA--(Marketwire - Oct. 17, 2012) - Coast Wholesale Appliances Inc. (TSX:CWA) (Coast) today announced a cash dividend of $0.035 per share for the month of October 2012. The dividend is to be paid November 5, 2012 to shareholders of record on October 26, 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: Gordon HowieCoast Wholesale Appliances Inc.Chief Financial Officer(604) 301-3400invest@coastappliances.comwww.coastwholesaleappliancesinc.com