CALPERS SAYS IT CONTINUES TO SUPPORT APPLE IN ITS EFFORTS

(The following is a reformatted version of a statement
issued by the California Public Employees’ Retirement System and
received via electronic mail. The release was confirmed by the
sender.) 
The US District Court, Southern District of New York, has
granted Greenlight’s petition to separate the elements of
Proposal No. 2.  The shareholder meeting may proceed but without
the proposal. 
The following statement can be attributed to Anne Simpson,
CalPERS Senior Portfolio Manager and Director of Global
Governance: 
“We continue to support Apple in their efforts, and believe that
the implementation of majority voting and shareholder approval
for the issuance of new stock - preferred or otherwise - is
worth waiting for. We encourage Apple to reintroduce these
measures as soon as is practical so that all investors can
be heard. We applaud the company’s commitment to strengthening
shareholder rights.” 
(kgt)NY 
#<541848.1895494.2.3.0.0.76>#
 
 
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