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About PriceSmart

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

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PriceSmart, Inc. The $8 subscription period was
previously set to expire on December 21, 2005.

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m.

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State law requires the Secretary for
Resources to prepare an ecosystem restoration plan by December 2006.water.
New York City time on January 31, 2006.

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The Department of Water Resources operates and maintains the State
Water Project, provides dam safety and flood control and inspection
services, assists local water districts in water management and water
conservation planning, and plans for future statewide water needs.
PriceSmart now operates 22 warehouse clubs in 11 countries and one U.

issuance affairs

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Business Editors/Environment Writers/Government Writers

SACRAMENTO , Calif.

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Public Invited to Salton Sea Ecosystem Restoration Program Meetings


For additional information: www.
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).

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----The California
Resources Agency will conduct a series of seven public meetings on
plans to identify ecosystem restoration alternatives for the Salton
Sea. The meetings are co-sponsored by the Salton Sea Authority, U. State officials will present information about
current and future activities for ecosystem restoration at the Salton
Sea. The public will have an opportunity to ask questions and provide
comments.

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The complete list of PSP proposals accepted from cities , counties,
water agencies, non-profit organizations and other entities will be
posted on the DWR website at:
http://www.cfm


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

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This restoration effort was stipulated in the 2003 Colorado River
Quantification Settlement Agreement and Salton Sea ecosystem
restoration legislation.
The plan will be submitted to the State Legislature for review and
action. 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. A registration statement relating to
these securities has been filed with and has been declared effective by the
Securities and Exchange Commission.

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Benoit .

Thursday, February 24
Salton City 1:00 - 3:00 PM
Salton Sea Community Services District
2098 Frontage Road, Salton City

Brawley 6:00 - 8:00 PM
Elks Lodge #140
161 South Plaza , Brawley


Monday, February 28
Calipatria 1:00 - 3:00 PM
Calipatria Inn + Suites
700 North Sorenson Ave, Calipatria

El Centro 6:00 - 8:00 PM
El Centro Community Center
375 South First Street, El Centro


Thursday, March 3
Desert Shores 1:00 - 3:00 PM
Veterans of Foreign Wars Hall
West Shores Post #3251
50 Desert Shores Drive, Desert Shores


Wednesday , March 9
La Quinta 1:00 - 8:00 PM
La Quinta City Council Chambers
78-495 Calle Tampico, La Quinta

Indio 6:00 - 8:00 PM
Fantasy Springs Resort Casino
82-245 Indio Springs Drive, Indio

For questions or to confirm attendance, please call 888-621-1430.-style
membership shopping warehouse clubs in Central America and the Caribbean,
selling high-quality merchandise at low prices to PriceSmart members.

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----The Department
of Water Resources has accepted 168 of 174 proposals (for 106 urban
and 62 agricultural projects) seeking grants through the 2004 Water
Use Efficiency Proposal Solicitation Package (PSP).ca.

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saltonsea.ca. 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.S.

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S.
Funding available for the 2004 PSP is $34 million with 50% for
agricultural and 50% for urban water use efficiency projects. This
grant program implements Chapter 7(g) of Proposition 50, the Water
Security, Clean Drinking Water, Coastal and Beach Protection Act of
2002.

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Representative Bob Filner, State Senator Denise Moreno Ducheny, State
Senator Jim Battin, State Assemblymember Bonnie Garcia, and State
Assemblymember John J.

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News Editors/Environment Writers

SACRAMENTO, Calif.


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(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.S.

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gov/finance/index.

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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 .

Sites may include, but not limited to: government offices and services, embassies and consulates of foreign countries, elected officials, law enforcement, military agencies, and related governmental resources .

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The public forums will be held in communities throughout the
Salton Sea region.

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DWR: 168 Proposals Accepted for 2004 Water Use Efficiency Proposal Solicitation Package

owue.water. The expiration of the $8 subscription period is now 5:00 p.

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