Cost Plus Announces Two Additions to Its Board of Directors.

OAKLAND, Calif.--(BUSINESS WIRE)--Nov. 22, 1999--

Cost Plus, Inc. (Nasdaq:CPWM) announced today the appointment of Fredric M. Roberts and Kim Robbins to its Board of Directors, bringing total Board membership to seven.

Mr. Roberts is President of F.M. Roberts and Company, Inc., a Los Angeles based investment banking firm. He served as the 1993 Chairman of the Board of Governors of the National Association of Securities Dealers, (NASD), and was a member of the NASDAQ Board of Directors from 1994 to 1996. Earlier in his career he held positions in corporate finance with Lehman Brothers; E.F. Hutton; Loeb, Rhodes and Company; and Fitzgerald and Company. He is a frequent lecturer for the Graduate School of Management at the University of California at Los Angeles.

Ms. Robbins held various executive positions at Carter Hawley Hale Department Stores between 1976 and 1993, including Senior Vice President and General Merchandise Manager. More recently, she has served as the senior merchandising executive at Sport Chalet and House of Fabrics. She currently directs product development activities for Jack Nadel, Inc. of Los Angeles.

Murray Dashe, Chairman and CEO of Cost Plus, Inc. said, "We are fortunate to gain the services of these two highly experienced executives. This continues a tradition of bringing together Board members from both the retail and financial communities, providing a balanced perspective from which to guide the Company's growth. "

Cost Plus, Inc. is a leading specialty retailer of casual home living and entertaining products. As of November 22, 1999, the Company operated 103 stores in 16 states.