Costco Wholesale Corporation Announces Debt Offering

Costco Wholesale Corporation Announces Debt Offering 
ISSAQUAH, WA -- (Marketwire) -- 11/28/12 --  Costco Wholesale
Corporation ("Costco" or the "Company") (NASDAQ: COST) today
announced the pricing of its offering of $3.5 billion aggregate
principal amount of senior unsecured notes. The notes consist of the
following tranches: 


 
--  $1.2 billion principal amount of 0.650% Senior Notes due December 7,
    2015
--  $1.1 billion principal amount of 1.125% Senior Notes due December 15,
    2017
--  $1.2 billion principal amount of 1.700% Senior Notes due December 15,
    2019

  
Costco intends to use approximately $3 billion of the net proceeds from
the offering to pay a special cash dividend (separately announced
today) of $7.00 per share on its common stock. The dividend is
payable on December 18, 2012, to shareholders of record at the close
of business on December 10, 2012. The balance of the proceeds will be
used for general corporate purposes. The offering is expected to
close on December 7, 2012. 
This announcement shall not constitute an offer to sell or the
solicitation of an offer to buy any debt securities of Costco, nor
shall there be any sale of debt securities in any state or
jurisdiction in which such offer, solicitation or sale would be
unlawful prior to registration or qualification under the securities
laws of any such state or jurisdiction. The debt offering will be
made only by means of a prospectus supplement and accompanying base
prospectus forming part of an effective shelf registration statement.
Copies of the prospectus supplement and accompanying base prospectus
may be obtained, when available, from Merrill Lynch, Pierce, Fenner &
Smith Incorporated, Attn: Prospectus Department, 222 Broadway, 7th
Floor, New York, NY 10038, or email at
dg.prospectus_requests@baml.com, or by calling 1-800-294-1322, or
from J.P. Morgan Securities LLC by calling the Investment Grade
Syndicate Desk at 212-834-4533. 
Costco currently operates 618 warehouses, including 447 in the United
States and Puerto Rico, 84 in Canada, 32 in Mexico, 22 in the United
Kingdom, 13 in Japan, nine in Taiwan, eight in Korea and three in
Australia. Costco also operates electronic commerce web sites, at
www.costco.com (U.S.), www.costco.ca (Canada), and www.cost
co.co.uk
(United Kingdom). The information on these websites is not part of
this press release. 
Certain statements contained in this press release 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, Costco's ability to satisfy the closing conditions
required for consummation of the offering and other risks identified
in the prospectus supplement and accompanying base prospectus
covering the offering and in the Company's other public statements
and reports filed with the Securities and Exchange Commission. 
CONTACTS:
Costco Wholesale Corporation
Richard Galanti
425/313-8203 
Bob Nelson
425/313-8255
Jeff Elliott
425/313-8264