There is little textile production in the
Dominican Republic or Central America, however, so as a practical matter
manufacturers would still be limited to using mostly U.

New York City time on January 31, 2006.

guatemala mexico

S. territory (four each in Panama and the Philippines;
three in Costa Rica; two each in Dominican Republic, El Salvador,
Guatemala, Honduras, and Trinidad; and one each in Aruba, Barbados,
Jamaica, Nicaragua and the United States Virgin Islands).

This announcement is neither an offer to sell nor a solicitation of an
offer to buy, nor shall there be any sale of these securities in any state
or foreign jurisdiction in which such offer, solicitation or sale would be
unlawful prior to registration or qualification under the securities laws
of such state or foreign jurisdiction.
territory (four in Panama; three in Costa Rica; two each in Dominican
Republic , El Salvador, Guatemala, Honduras and Trinidad; and one each in
Aruba, Barbados, Jamaica, Nicaragua and the United States Virgin Islands).

consulates panama

Retailers Welcome Signing of DR-CAFTA

The National Retail Federation is the world's largest retail trade
association, with membership that comprises all retail formats and channels of
distribution including department, specialty, discount, catalog , Internet,
independent stores, chain restaurants, drug stores and grocery stores as well
as the industry's key trading partners of retail goods and services.

mexico el

As the industry umbrella group , NRF also
represents more than 100 state, national and international retail
associations. PriceSmart is extending the
$8 subscription period to give its rights holders an opportunity to review
the Company's results of operations during the first quarter of fiscal year
2006 before making a decision to exercise their rights.

el abroad

Retailers
need reliable alternatives that guarantee a steady supply of merchandise that
won't be interrupted by political whims or international bickering.
The legislation won final passage in the House and Senate July 28. fabric woven from U. DR-CAFTA would expand duty -free
treatment to cover a wider range of products and would allow those products to
be made of fabric produced in the region, along with a small quantity of
fabric from Canada or Mexico.4 million in May a year earlier.5% compared to
the same five-week period last year.

About PriceSmart

PriceSmart, headquartered in San Diego, owns and operates U.

salvador belize

nrf.com.
PriceSmart, Inc.0 million from $48.

For the five weeks ended June 5, 2005, comparable warehouse sales for
warehouse clubs open at least 12 full months increased 15. For the thirty-nine weeks ended June
5, 2005, comparable warehouse sales for warehouse clubs open at least 12
full months increased 10.

This press release may contain forward-looking statements concerning the
Company's anticipated future revenues and earnings, adequacy of future cash
flow and related matters.-style
membership shopping warehouse clubs in Central America and the Caribbean,
selling high-quality merchandise at low prices to PriceSmart members.

panama origin

"
President Bush today is scheduled to sign H. 3045, the DR-CAFTA
Implementation Act , sponsored by House Majority Leader Tom DeLay, R-Texas.0% to $497.8 million from
$448.5%.
Certain prior period amounts may have been reclassified to confirm to the
current period presentation.

PRESS RELEASE PriceSmart Announces Extension of $8 Rights Offering Exercise Period

country abroad

The DR-CAFTA region has always been important because of the time-to-
market advantage it holds over Asia.
DR -CAFTA includes the Dominican Republic plus the Central American nations
of Costa Rica, El Salvador , Guatemala, Honduras and Nicaragua. These forward-looking statements include, but are
not limited to, statements containing the words "expect," "believe,"
"will," "may," "should," "project," "estimate ," "scheduled," and like
expressions, and the negative thereof.

government by

Under current
trade law, apparel from the region can qualify for duty-free shipment to the
United States only if it is made of U.S .

foreign by

PRESS RELEASE PriceSmart Announces May Sales

The expiration of the $8 subscription period is now 5:00 p. A registration statement relating to
these securities has been filed with and has been declared effective by the
Securities and Exchange Commission.

embassies nicaragua

WASHINGTON, The National Retail Federation today
welcomed the signing of legislation implementing the Dominican Republic-
Central American Free Trade Agreement.S. The $8 subscription period was
previously set to expire on December 21, 2005.

salvador guatemala

PriceSmart now operates 22 warehouse clubs in 11 countries and one U.

central honduras

costa embassies

NRF
represents an industry with more than 1.4 million U. retail establishments,
more than 23 million employees -- about one in five American workers -- and
2004 sales of $4. http://www. For the nine
months ended May 31, 2005, net sales increased 11. The Company plans
to report its first quarter results in mid-January 2006 and circulate a
prospectus supplement containing these results prior to the expiration of
the $8 subscription period.

About PriceSmart

PriceSmart, headquartered in San Diego, owns and operates U.

origin panama

U.S.-style
membership shopping warehouse clubs in Central America, the Caribbean , and
the Philippines, selling high quality merchandise at low prices to
PriceSmart members.S.

regional nicaragua

"Without this agreement, apparel
manufacturers in the region could not have remained competitive with Asian
suppliers now that the worldwide system of textile and apparel quotas has
ended.
consumers don't want to see empty shelves or soaring prices, and DR-CAFTA
offers protection against both. PriceSmart now operates 26 warehouse clubs in 12
countries and one U.

foreign embassies

But the region is doubly important today
given the anti-China sentiment currently prevailing in Washington.S. (NASDAQ: PSMT) today
announced that it has extended the period in which holders of its rights to
purchase PriceSmart common stock issued pursuant to its previously
announced rights offering may subscribe for its common stock at a price of
$8 per share.

location panama

8% to
$56.S. We
assume no obligation and expressly disclaim any duty to update any
forward-looking statement to reflect events or circumstances after the date
of this presentation or to reflect the occurrence of unanticipated events.

america costa

yarn, and even
then only certain products are duty-free.1 trillion.4 million in the same period last year.
PriceSmart, Inc.S.

mexico panama

"DR-CAFTA will ensure that American consumers can continue to buy the
products they need at prices they can afford," NRF Vice President and
International Trade Counsel Erik Autor said.

country el

S. (NASDAQ: PSMT) today
announced that for the month of May 2005, net sales increased 15. These statements are subject to
risks and uncertainties that could cause actual results to differ
materially, including the following risks: the Company had a substantial
net loss in fiscal 2004, a net loss in the first six months of 2005, and
may continue to incur losses in future periods; if the Company fails to
comply with covenants governing its indebtedness, the lenders may elect to
accelerate the Company's indebtedness and foreclosure on the collateral
pledged to secure the indebtedness; the Company's financial performance is
dependent on international operations which exposes the Company to various
risks; any failure by the Company to manage its widely dispersed operations
could adversely affect the Company's business; although the Company has
taken and continues to take steps to improve significantly its internal
controls, there may be material weaknesses or significant deficiencies that
the Company has not yet identified; the Company is currently defending
litigation relating to its financial restatement; the Company faces
significant competition; the Company faces difficulties in the shipment of
and inherent risks in the importation of merchandise to its warehouse
clubs; the success of the Company 's business requires effective assistance
from local business people and, as a result, existing disputes with
minority interest shareholders or other disputes with local business people
upon whom the Company depends could adversely affect the Company's
business; the Company is exposed to weather and other risks associated with
international operations; declines in the economies of the countries in
which the Company operates its warehouse clubs would harm its business; a
few of the Company 's stockholders have control over the Company's voting
stock, which will make it difficult to complete some corporate transactions
without their support and may prevent a change in control; the loss of key
personnel could harm the Company's business; the Company is subject to
volatility in foreign currency exchange; the Company faces the risk of
exposure to product liability claims, a product recall and adverse
publicity; a determination that the Company's long-lived or intangible
assets have been impaired could adversely affect the Company's future
results of operations and financial position; and the Company faces
increased costs and compliance risks associated with compliance with
Section 404 of the Sarbanes-Oxley Act of 2002; as well as the other risks
detailed in the Company 's SEC reports, including the Company's Form 10-Q
filed pursuant to the Securities Exchange Act of 1934 on April 14, 2005.

central salvador

textiles.