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CARL C. ICAHN COMMENTS ON AGREEMENT WITH DELL


(The following is a reformatted version of a press release issued by Carl C. Icahn and received via electronic mail. The release was confirmed by the sender.)

CARL C. ICAHN COMMENTS ON AGREEMENT WITH DELL

(New York, New York, April 16, 2013) -- Carl C. Icahn today announced that he and his affiliates have entered into an agreement with Dell Inc. that will facilitate discussions among Dell shareholders free of the legal restrictions under Delaware law.

Mr. Icahn noted: “Like other large Dell shareholders, I continue to believe that the February 5 merger agreement to take Dell private undervalues Dell and hurts shareholders. My affiliates and I expect to engage in meaningful discussions with other Dell shareholders, discussions that we believe will help to facilitate alternatives to the existing transaction with Michael Dell. In addition, I want to make it very clear that I have retained the absolute right to conduct a proxy fight at Dell. In fact, I have refused to take a $25 million expense reimbursement from Dell as the price of giving up a proxy fight. Dell shareholders are entitled to a free exchange of ideas as they make this important decision and that includes the right of shareholders to evaluate all alternatives. We look forward to speaking with Dell shareholders in the days and weeks ahead.”

Contact: Susan Gordon (212) 702-4309

NOTICE TO INVESTORS SECURITY HOLDERS ARE ADVISED TO READ THE PROXY STATEMENT AND OTHER DOCUMENTS RELATED TO THE SOLICITATION OF PROXIES BY CARL C. ICAHN AND HIS AFFILIATES FROM THE STOCKHOLDERS OF DELL INC. WHEN THEY BECOME AVAILABLE BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION, INCLUDING INFORMATION RELATING TO THE PARTICIPANTS IN SUCH PROXY SOLICITATION. WHEN COMPLETED, A DEFINITIVE PROXY STATEMENT AND A FORM OF PROXY WILL BE MAILED TO STOCKHOLDERS OF DELL INC. AND WILL ALSO BE AVAILABLE AT NO CHARGE AT THE SECURITIES AND EXCHANGE COMMISSION’S WEBSITE AT http://WWW.SEC.GOV. INFORMATION RELATING TO THE PARTICIPANTS IN SUCH PROXY SOLICITATION IS CONTAINED IN ANNEX B TO THE SCHEDULE 14A FILED BY CARL C. ICAHN AND HIS AFFILIATES ON APRIL 16, 2013 (THE “SCHEDULE 14A”). EXCEPT AS OTHERWISE DISCLOSED IN THE SCHEDULE 14A, THE PARTICIPANTS HAVE NO INTEREST IN DELL INC. OTHER THAN THROUGH THE BENEFICIAL OWNERSHIP OF SHARES OF COMMON STOCK OF DELL INC. AS DISCLOSED IN ANNEX B TO THE SCHEDULE 14A.

(bjh) NY

#<873920.660640.3.4.1.0.76>#

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