PRESS RELEASE PriceSmart Announces June Sales

costa rights

For the thirty-four weeks ended May
1, 2005, comparable warehouse sales for stores open at least 12 full months
increased 9.

honduras advocacy

(NASDAQ: PSMT) today
announced that for the month of April 2005, net sales increased 16. 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.

aid society

For the four weeks ended May 1, 2005, comparable warehouse sales for
warehouse clubs open at least 12 full months increased 15. 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.

clubs el

PriceSmart, Inc.S.

organizations honduras

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.
Certain prior period amounts may have been reclassified to confirm to the
current period presentation.9% compared to
the same four-week period last year.S.

guatemala salvador

3 million from $46.

el mexico

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).8%.

salvador honduras

For the forty-three weeks ended July
3, 2005, comparable warehouse sales for warehouse clubs open at least 12
full months increased 11.
PriceSmart, Inc.8 million
from $400.

The Company also announced that, due to delays in obtaining the necessary
building permits, the Company's fourth warehouse club location planned for
San Jose, Costa Rica probably will not open prior to the end of calendar
year 2005.

liberties culture

PRESS RELEASE PriceSmart Announces April Sales

4% to $441.

clubs honduras

For the ten
months ended June 30, 2005, net sales increased 11.S.S.9 % to
$54.

clubs organizations

1 million
from $495.0%.

central abroad

7% compared to
the same four-week period last year.

rotaract guatemala

7 million in June a year earlier.

About PriceSmart

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

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.

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.

central abroad

For the four weeks ended July 3, 2005, comparable warehouse sales for
warehouse clubs open at least 12 full months increased 16.-style
membership shopping warehouse clubs in Central America, the Caribbean, and
Asia , selling high-quality merchandise at low prices to PriceSmart members.

honduras nicaragua

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
loss in fiscal 2003 and 2004; the Company has in the past violated, and in
the future may fail to comply with, financial covenants governing its
outstanding indebtedness and is out of compliance with certain covenants,
which gives lenders the right to accelerate the Company's indebtedness; the
Company's financial performance is dependent on international operations
and is therefore exposed to associated political, legal and economic risks;
any failure by the Company to manage its widely dispersed operations could
adversely affect its business; although the Company has taken steps to
significantly improve its internal controls, there may be material
weaknesses or significant deficiencies that the Company has not yet
identified; the Company faces significant competition; the Company may
encounter 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 the Company currently is engaged in a dispute with one of its
minority shareholders in the Philippines; 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 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.

issues describes

3% to
$54. 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.

salvador rotary

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).

central honduras

5% to $552.

nicaragua abroad

3 million in April a year earlier.

aid salvador

PriceSmart now operates 26 warehouse clubs in 12
countries and one U.

rica issues

(NASDAQ: PSMT) today
announced that for the month of June 2005, net sales increased 16.-style
membership shopping warehouse clubs in Central America, the Caribbean, and
the Philippines, selling high quality merchandise at low prices to
PriceSmart members.2 million from $46. For the eight
months ended April 30, 2005, net sales increased 10.0 million in the same period last year.

salvador guatemala

PriceSmart now operates 26 warehouse clubs in 12 countries and one U.

liberties aid

0 million in the same period last year.

advocacy organizations

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.

About PriceSmart

PriceSmart, headquartered in San Diego, owns and operates U. Certain prior period amounts have been reclassified
to confirm to the current period presentation.

advocacy rotary

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