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Cost Plus Inc. Announces a New Director to its Board

8211;- Yesterday, the shareholders of Cost Plus, Inc. (Nasdaq:CPWM) elected Christopher V. Dodds to its board of directors. Mr. Dodds will join the audit committee and will serve as the board's8217;s 's8220;financial expert's8221;.



Mr. Dodds is Executive Vice President and Chief Financial Officer of the Charles Schwab Corporation headquartered in San Francisco, California. He joined Charles Schwab in 1986 and has held a variety of financial positions in treasury, financial planning and analysis and corporate development.



Barry Feld, President and CEO commented: We are very fortunate to have someone of Chris's8217; financial caliber join the board. As a CFO of a major public financial services company, Chris brings a strong working knowledge of emerging accounting issues and financial trends.

Cost Plus, Inc. is a leading specialty retailer of casual home living and entertaining products. As of June 23, 2006, the Company operated 274 stores in 34 states.



Contact:

Barry Feld

(510) 893-7300

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