PriceSmart owns and operates U.S.-style membership shopping warehouse clubs in Latin America and the Caribbean that sell high quality merchandise at low prices to PriceSmart members and that provide fair wages and benefits to PriceSmart employees and a fair return to PriceSmart stockholders. PriceSmart was pioneered by Sol and Robert Price, founders of The Price Club.

The PriceSmart warehouse clubs sell basic consumer goods, with an emphasis on quality and low prices, to both individuals and businesses. By offering low prices on brand name and private label merchandise, the warehouse clubs seek to generate sufficient sales volumes to operate profitably at relative low gross profit margins.

PriceSmart operates 25 warehouse clubs in 11 countries and one U.S. territory:

PriceSmart believes it is well positioned to profit from the growth in developing markets due to its purchasing power and experience with membership warehouse clubs in these areas.

Investor Relations Contact John Heffner Executive Vice President and Chief Financial Officer jheffner@pricesmart.com

Independent Auditors Ernst & Young 4370 La Jolla Village Drive La Jolla, CA 92122 858-535-7200

Transfer Agent BNY Mellon Shareholder Services P.O. Box 3315 South Hackensack, NJ 07606 800-522-6645