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

NEW YORK--()--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.

Contacts

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