Southeastern Asset Management and Carl C. Icahn Urge Special Committee and Board of Directors to Act in Best Interest of

  Southeastern Asset Management and Carl C. Icahn Urge Special Committee and
   Board of Directors to Act in Best Interest of Stockholders and Move Dell
                                   Forward

Comment on Dell's Decision to Delay Special Meeting of Stockholders

PR Newswire

NEW YORK and MEMPHIS, Tenn., July 18, 2013

NEW YORK and MEMPHIS, Tenn., July 18, 2013 /PRNewswire/ --Southeastern Asset
Management, Inc. and Carl C. Icahn today issued the following statement in
response to the decision by Dell Inc. (NASDAQ: DELL) to adjourn the company's
Special Meeting to July 24, 2013.

  "It is unfortunate, although not surprising, that Dell's Board and Special
  Committee have delayed the date of the Special Meeting at which stockholders
  can vote on the Michael Dell/Silver Lake freeze out transaction. We believe
  that this delay reflects the unhappiness of Dell stockholders with the
  Michael Dell/Silver Lake offer, which we believe substantially undervalues
  the company. This is not the time for delay but the time to move Dell
  forward.

  Should the Michael Dell/Silver Lake transaction be defeated, we urge the
  Dell Board to move quickly to hold the Annual Meeting when stockholders will
  have the opportunity to elect our slate of directors. Our slate has met and
  unanimously supports our proposed Dell self tender offer and its
  implementation in accordance with their fiduciary duties. As previously
  communicated, we believe that our proposed Dell self tender offer has a
  total value to tendering stockholders of approximately $15.50 to $18.00 per
  share.*

  Southeastern and Icahn continue to recommend that our fellow Dell
  stockholders vote the GOLD proxy card (1) 'AGAINST' the Merger Agreement
  proposal, (2) 'AGAINST' the Golden Parachute proposal, and (3) 'AGAINST' the
  Adjournment proposal."

Whether or not you plan to attend the Special Meeting, you are urged to follow
the instructions on the GOLD proxy card or voting instruction form to vote by
Internet or telephone, or sign, mark and date the GOLD proxy card and return
it in the postage-paid envelope provided. Your latest-dated proxy is the only
one that counts, so you may return the GOLD proxy card even if you have
already delivered another proxy. Please do not return any proxy card sent to
you by Dell. If you have already returned a proxy card sent to you by Dell,
that card will be automatically revoked if you complete and return the GOLD
proxy card.

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.

^(*) Estimates are based upon the assumptions and calculations set forth in
Definitive Additional Materials filed with the SEC on July 12, 2013, and July
16, 2013, and reflect only an illustration of the implied value of Dell based
upon those assumptions and calculations. The foregoing and the information
contained in the Definitive Additional Materials are not a prediction of the
specific future market value of Dell stock or any warrant.

ABOUT SOUTHEASTERN ASSET MANAGEMENT
Southeastern Asset Management, Inc., headquartered in Memphis, Tenn., is an
investment management firm with $34 billion in assets under management acting
as investment advisor to institutional investors and the four Longleaf
Partners Funds: Longleaf Partners Fund, Longleaf Partners Small-Cap Fund,
Longleaf Partners Global Fund and Longleaf Partners International Fund, as
well as two Irish domiciled UCITS Funds: Longleaf Partners Global UCITS Fund
and Longleaf Partners US UCITS Fund. Southeastern was established in 1975, and
the first of the Longleaf Partners Funds was launched in 1987.

NOTICE TO INVESTORS

SECURITY HOLDERS ARE ADVISED TO READ THE PROXY STATEMENT, DATED JUNE 26, 2013,
AND OTHER DOCUMENTS RELATED TO THE SOLICITATION OF PROXIES BY CARL C. ICAHN,
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 PROXY STATEMENT AND THE SCHEDULE 13D FILED BY CARL C. ICAHN
AND HIS AFFILIATES ON MAY 10, 2013, AS AMENDED THROUGH THE DATE HEREOF, AND
THE SCHEDULE 13D FILED BY SOUTHEASTERN ASSET MANAGEMENT, INC. AND ITS
AFFILIATES ON FEBRUARY 8, 2013, AS AMENDED THROUGH THE DATE HEREOF.

FORWARD-LOOKING STATEMENTS

Certain statements contained in this press release, and the documents referred
to in this press release, 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 press release include, among other things,
the factors identified under the section entitled "Risk Factors" in Dell's
Special 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.

PRESS CONTACTS

Carl C. Icahn
Susan Gordon
(212) 702-4309

Southeastern Asset Management
Lee Harper
(901) 818-5240



SOURCE Southeastern Asset Management, Inc.