Craig Jelinek, President and CEO of Costco Wholesale

Craig Jelinek, President and CEO of Costco Wholesale Corporation,
Issued the Following Statement Today: 
ISSAQUAH, WA -- (Marketwire) -- 11/19/12 --  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 materia
lly 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