Mr. Gordon Howie reports

COAST WHOLESALE APPLIANCES INC. ANNOUNCES COMPLETION OF ARRANGEMENT

Coast Wholesale Appliances Inc. has completed its previously announced plan of arrangement, whereby CWAL Investments Ltd. acquired all the outstanding common shares of Coast it did not already own and holders of such shares will receive cash consideration of $4.65 for each share held. This announcement comes following the approval of the arrangement by Coast's shareholders on Aug. 21, 2014, and the issuance of a final order of the Supreme Court of British Columbia on Aug. 22, 2014, approving the arrangement.

As part of the closing of the arrangement, all five members of the board of directors of Coast have resigned and Harlow Burrows, Gordon Christoff and Randy Ryzak have been appointed as directors. Maurice Paquette and Gordon Howie will continue to serve as Coast's chief executive officer and chief financial officer, respectively.

Coast has applied for its common shares to be delisted from the Toronto Stock Exchange, and expects such delisting to be effective as of the close of markets on or about Sept. 2, 2014. In addition, Coast intends to 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.