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SOUTHEASTERN, ICAHN URGE VOTE AGAINST DELL/SILVER LAKE DEAL

(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.) 
Southeastern and Icahn Urge Dell Stockholders to Vote AGAINST
the Proposed Michael Dell/Silver Lake Transaction 
New York, New York - July 8, 2013 - Southeastern Asset
Management, Inc. and Carl C. Icahn today issued the following
statement urging Dell stockholders to vote AGAINST the Michael
Dell/Silver Lake buyout offer: 
“Southeastern and Icahn disagree with the ISS voting
recommendation issued earlier today, which did not appear to
address fair value for Dell’s stockholders. 
Southeastern and Icahn have repeatedly stated their belief that
the $13.65 per share Michael Dell/Silver Lake buyout offer
inherently undervalues Dell and that any value-creating
transaction Dell enters into should give stockholders the
opportunity to participate in the company’s future prospects.
We continue to believe that Dell’s owners deserve better and can
achieve more by voting against the Michael Dell/Silver Lake
transaction and by subsequently electing new directors who will
act to create superior value for stockholders.  Based on
numerous conversations with our fellow Dell stockholders, we are
confident that many of Dell’s significant owners share our view. 
Southeastern and Icahn intend to vote their shares of Dell stock
against the $13.65 Michael Dell / Silver Lake buyout offer.
Southeastern and Icahn urge our fellow Dell stockholders to vote
the GOLD proxy card (1) “AGAINST” the Merger Agreement proposal,
(2) “AGAINST” the Golden Parachute proposal, and (3) “AGAINST”
the Adjournment proposal.” 
If stockholders have any questions concerning the Proxy
Statement filed by Carl C. Icahn and Southeastern Asset
Management or would like additional copies, please contact D.F.
King & Co., Inc. at 1-800-347-4750 or dell@dfking.com. 
NOTICE TO INVESTORS
SECURITY HOLDERS ARE ADVISED TO READ THE PROXY STATEMENT, DATED
JUNE 26, 2013, AND OTHER DOUCMENTS RELATED TO THE SOLICITATION
OF PROXIES BY ICAHN ENTERPRISES, LP, SOUTHEASTERN ASSET
MANAGEMENT, INC. AND THEIR RESPECTIVE AFFILIATES FROM THE
STOCKHOLDERS OF DELL INC. FOR USE AT DELL INC.’S SPECIAL MEETING
OF STOCKHOLDERS SCHEDULED TO BE HELD ON JULY 18, 2013 BECAUSE
THEY CONTAIN IMPORTANT INFORMATION, INCLUDING INFORMATION
RELATING TO THE PARTICIPANTS IN SUCH PROXY SOLICITATION.  A
DEFINITIVE PROXY STATEMENT AND A FORM OF PROXY HAVE BEEN MAILED
TO STOCKHOLDERS OF DELL INC. AND ARE ALSO 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 THE DEFINITIVE PROXY
STATEMENT, DATED JUNE 26, 2013. EXCEPT AS OTHERWISE DISCLOSED IN
THE DEFINITIVE PROXY STATEMENT, 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
THE DEFINITIVE PROXY STATEMENT.  WE HAVE NOT SOUGHT, NOR HAVE WE
RECEIVED, PERMISSION FROM ANY THIRD PARTY TO INCLUDE THEIR
INFORMATION IN THIS PRESS RELEASE. 
FORWARD-LOOKING STATEMENTS
Certain statements contained in this letter, and the documents
referred to in this letter, are forward-looking statements
including, but not limited to, statements that are predications
of or indicate future events, trends, plans or objectives.
Undue reliance should not be placed on such statements because,
by their nature, they are subject to known and unknown risks and
uncertainties.  Forward-looking statements are not guarantees of
future performance or activities and are subject to many risks
and uncertainties.  Due to such risks and uncertainties, actual
events or results or actual performance may differ materially
from those reflected or contemplated in such forward-looking
statements.  Forward-looking statements can be identified by the
use of the future tense or other forward-looking words such as
“believe,”  “expect,” “anticipate,” “intend,” “plan,”
“estimate,” “should,” “may,” “will,” “objective,” “projection,”
“forecast,” “management believes,” “continue,” “strategy,”
“position” or the negative of those terms or other variations of
them or by comparable terminology.
Important factors that could cause actual results to differ
materially from the expectations set forth in this letter
include, among other things, the factors identified under the
section entitled “Risk Factors” in Dell’s Annual Report on Form
10-K for the year ended February 1, 2013 and under the section
entitled “Cautionary Statement Concerning Forward-Looking
Information” in Dell’s Definitive Proxy Statement filed with the
SEC on May 31, 2013.  Such forward-looking statements should
therefore be construed in light of such factors, and Icahn and
Southeastern are under no obligation, and expressly disclaim any
intention or obligation, to update or revise any forward-looking
statements, whether as a result of new information, future
events or otherwise, except as required by law. 
Contact:
Susan Gordon
(212) 702-4309 
(bjh) NY 
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