The North West Company Inc.
TSX : NWF.UN

The North West Company Inc.

August 28, 2007 06:00 ET

The North West Company to Host Special Conference Call and Webcast

North West Company Fund to Acquire Cost-U-Less Acquisition enables North West expansion into remote markets in the South Pacific and Caribbean

WINNIPEG, MANITOBA and BELLEVUE, WASHINGTON--(Marketwire - Aug. 28, 2007) - The North West Company Fund (TSX:NWF.UN) and Cost-U-Less, Inc. (NASDAQ:CULS) jointly announced today that they have entered into a definitive agreement under which The North West Company will acquire Cost-U-Less, a leading operator of mid-size warehouse stores in remote island communities in Hawaii, the South Pacific and the Caribbean, for US $52.2 million, or US $11.75 per share in cash.

Notice of Conference Call and Webcast

The North West Company will hold a special conference call from Cost-U-Less' headquarters in Bellevue, Washington to discuss the proposed acquisition on Tuesday, August 28th, 2007, at 6:00 a.m. Pacific Time (9:00 a.m. Eastern Time). Interested participants are invited to call 1-866-542-4236 (North America) or 416-641-6125 (Toronto and International) five minutes in advance. Should you miss the conference call a playback will be available by calling 1-800-408-3053 (North America) or 416-695-5800 (Toronto and International) until September 4, 2007. The conference call will also be archived at www.northwest.ca.

The presentation will also be broadcast live over the Internet through www.northwest.ca. An archive of the webcast will be available after the presentation at both www.northwest.ca and www.costuless.com.

Members of the media are invited to contact North West at 204-934-1501 to request interviews with Mr. Kennedy and/or Mr. Meder. Toronto media are encouraged to contact Robert Stephens, PR Post at 416-777-0368 on behalf of the company.

About The North West Company

The North West Company is a leading retailer of food and everyday products and services to rural communities and urban neighborhoods across Canada and Alaska. North West has annualized revenue of approximately Cdn. $1 billion and operates 206 stores under a number of trading names including Northern, NorthMart, Giant Tiger, and AC Value Center, while providing catalogue shopping services through its Selections catalogue in northern Canada.

The units of the Fund trade on the Toronto Stock Exchange (TSX) under the symbol "NWF.UN".

About Cost-U-Less Inc.

Cost-U-Less has annualized revenue of approximately US $225 million and operates 11 stores in the Caribbean and Pacific regions: U.S. Virgin Islands (2), Netherlands Antilles (2), Hawaiian Islands (2), California (1), Guam (2), American Samoa (1), and Republic of Fiji (1). Cost-U-Less currently estimates that they will complete a new store in the Cayman Islands in the fourth quarter of 2007. The Company builds its business by delivering high-quality U.S. and local goods, through modern merchandising practices, sophisticated distribution capabilities, and superior customer service, primarily to island markets.

Shares of Cost-U-Less common stock trade on the Nasdaq Capital Market under the symbol "CULS".

To view the press release, please follow the link below:

http://www.ccnmatthews.com/docs/northwestpressrelease.pdf

Contact Information