Costco Wholesale Corporation and Controladora Comercial Mexicana, S.A.B. de C.V. are announced that they have executed a definitive agreement under which wholly-owned subsidiaries of Costco Wholesale will purchase from CCM its 50% share interest in Costco de Mexico, S.A. de C.V., a joint venture, for MXN 10,650 million. The closing is subject to the approvals of the Mexican Federal Competition Commission and the shareholders of CCM. Mr. Guillermo Gonzalez Nova, and Mr. Carlos Gonzalez Zabalegui, respectively Chairman and CEO of CCM, will continue as members of the Board of Directors of Costco De Mexico, S. A de C.V. Mr. Jaime Gonzalez Solana will continue as CEO of Costco De Mexico, S. A de C.V.