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Greenlight Capital Announces February 21 Conference Call and Webcast to Discuss Apple’s Capital Allocation Strategy and

  Greenlight Capital Announces February 21 Conference Call and Webcast to
  Discuss Apple’s Capital Allocation Strategy and Alternatives

Urges Shareholders Vote AGAINST Apple’s Attempt To Amend Charter and Eliminate
 Ability To Issue Preferred Stock In Proposal 2; Apple Must Explore All Value
                               Creation Options

Business Wire

NEW YORK -- February 20, 2013

Greenlight Capital, Inc. (“Greenlight”), a value oriented, research-driven
investment management firm, today announced that it will host a public
conference call and webcast to discuss Apple Inc.’s (NasdaqGS: AAPL) capital
allocation strategy and Greenlight’s proposal to unlock significant value for
all shareholders. Greenlight continues to ask shareholders to vote AGAINST
Proposal 2 in Apple’s proxy, which would eliminate preferred stock from
Apple’s charter and restrict the Board’s flexibility on capital allocation
decisions. On the call, Greenlight will provide additional details regarding
the options available to Apple, including the merits of Greenlight’s
suggestion of distributing perpetual preferred stock to Apple shareholders for
free.

The conference call and webcast will take place on February 21, 2013 at 2:00
p.m. Eastern. The conference call may be accessed by dialing 1-800-901-5241
(U.S. callers) or 1-617-786-2963 (International callers) and entering the
passcode 62063868#. Those who intend to participate in the call should dial in
at least 20 minutes in advance. A replay of the call will be available through
March 6, 2013 by dialing 1-888-286-8010 (U.S. callers) or 1-617-801-6888
(International callers) and entering the passcode 45128663#. The webcast can
be accessed by visiting www.media-server.com/m/p/aj2p6kq7.

Contact:

Media Contacts:
Sard Verbinnen & Co
Jonathan Gasthalter/Paul Caminiti/Jonathan Doorley
212-687-8080
or
Investor Contacts:
D.F. King & Co., Inc.
Edward McCarthy/Richard Grubaugh/Jordan Kovler
212-269-5550