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Filing Details

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
798955	Cost Plus Inc	CPWM	Retail-Home Furniture, Furnishings & Equipment Stores (5700)	941067973

Insiders

Cik	Name	Reported Address	Insider Title	Director	Officer	Large Shareholder	Other
1339251	Dul A Jakup Jacobsen	C/O Lagerinn Ehf Sm?Ratorgi 3, 200 K?Pavogi Republic Of Iceland K6		No	No	Yes	No
1342422	Ehf Lagerinn	Sm?Ratorgi 3, 200 K?Pavogi Republic Of Iceland K6		No	No	Yes	No

Reported Non-Derivative Transactions

Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership
Common Stock (Par Value $0.01)	Disposition	2010-03-10	236,941	$2.89	3,061,446	No	4	S	Direct
Common Stock (Par Value $0.01)	Disposition	2010-03-11	194,394	$2.57	2,867,052	No	4	S	Direct
Common Stock (Par Value $0.01)	Disposition	2010-03-12	80,629	$2.41	2,786,423	No	4	S	Direct
Common Stock (Par Value $0.01)	Disposition	2010-03-15	185,071	$2.41	2,601,352	No	4	S	Direct
Common Stock (Par Value $0.01)	Disposition	2010-03-16	13,837	$2.35	2,587,515	No	4	S	Direct
Common Stock (Par Value $0.01)	Disposition	2010-03-17	144,720	$2.28	2,442,795	No	4	S	Direct
Common Stock (Par Value $0.01)	Disposition	2010-03-18	24,925	$2.33	2,417,870	No	4	S	Direct
Common Stock (Par Value $0.01)	Disposition	2010-03-23	223,845	$2.16	2,194,025	No	4	S	Direct

Equity Swap Involved	Form Type	Code	Nature of Ownership
No	4	S	Direct
No	4	S	Direct
No	4	S	Direct
No	4	S	Direct
No	4	S	Direct
No	4	S	Direct
No	4	S	Direct
No	4	S	Direct

Footnotes

Jakup a Dul Jacobsen ("Jacobsen") is an investor who engages in activities and maintains holdings in a number of jurisdictions and is the Chairman of Lagerinn ehf, a Republic of Iceland corporation ("Lagerinn" and together with Jacobsen, the "Reporting Persons"). Lagerinn is wholly-owned by Jacobsen. Lagerinn is a holding company through which Jacobsen holds investments, including the shares subject to this Form 4. As the sole owner of Lagerinn, Jacobsen had voting and investment control with respect to the shares held by Lagerinn and reported on this Form 4.
As of March 23, 2010, Jacobsen and Lagerinn no longer held 10% or more of the shares of the Issuer's outstanding Common Stock, and are therefore no longer subject to the reporting requirements under Section 16 of the Securities Exchange Act of 1934, as amended, and the related rules promulgated thereunder. The Reporting Persons disclaim beneficial ownership of all securities except to the extent of any pecuniary interest therein and this filing should not be deemed an admission of beneficial ownership for Section 16 purposes or any other purpose.