Mr. Gordon Howie reports

COAST WHOLESALE APPLIANCES INC. ANNOUNCES COURT APPROVAL OF PLAN OF ARRANGEMENT

Coast Wholesale Appliances Inc. has obtained a final order from the Supreme Court of British Columbia approving the previously announced plan of arrangement under Section 192 of the Canada Business Corporations Act to implement a subsequent acquisition transaction pursuant to the arrangement agreement between Coast and CWAL Investments Ltd. dated July 14, 2014. The final order follows the adoption of a special resolution approving the arrangement by shareholders at Coast's special meeting held on Aug. 21, 2014.

Under the arrangement, CWAL will acquire all of the outstanding common shares of Coast it does not currently own, and holders of such shares will receive cash consideration of $4.65 for each share held.

Following the closing of the arrangement, which is expected to take place on Aug. 27, 2014, the common shares of Coast will be delisted from the Toronto Stock Exchange, and Coast will voluntarily surrender its reporting issuer status or apply to the relevant Canadian securities regulatory authorities for an order declaring Coast to no longer be a reporting issuer.

We seek Safe Harbor.